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Page 1
    LAPORAN TAHUNAN
    ANNUAL REPORT




                ACCELERATING EXCELLENCE
                  Mempercepat Keunggulan

PT ELNUSA Tbk       IDX: ELSA   www.elnusa.co.id   @elnusaofficial   Elnusa   PT Elnusa Tbk
Page 2

          
Page 3
MEMPERCEPAT KEUNGGULAN
ACCELERATING EXCELLENCE
Dalam menghadapi kompleksitas yang semakin meningkat di
dunia bisnis, Perseroan berkomitmen untuk terus meningkatkan
keunggulan dengan mengembangkan talenta terbaik,
memperkuat kolaborasi, dan membangun budaya inovasi yang
berkelanjutan. Standar kinerja yang tinggi, dipadukan dengan
kemajuan teknologi digitalisasi yang pesat, memungkinkan
Perseroan untuk memberikan layanan energi yang optimal
melalui solusi total.

The Company faces the increasingly complex business world by
delivering on its commitment to improving excellence, which
entails developing the best talents, strengthening collaboration,
and building a sustainable innovation culture. High-performance
standards and rapid digitalization technology advances
enable the Company to provide optimal energy services
through total solutions.




                                 2024 Annual Report PT ELNUSA Tbk   1
Page 4
Kesinambungan Tema
Theme Continuity




  2021                                     2022                                                       2023
BERSAMA                                  KETAHANAN DALAM                                             TAHAPAN BARU
MEMBANGUN                                MEMPERKUAT BISNIS INTI                                      MENCAPAI
KEUNGGULAN                               UNTUK PERTUMBUHAN YANG                                      KEUNGGULAN
UNITE TOWARD                             BERKELANJUTAN                                               NEW JOURNEY FOR
EXCELLENCE                               RESILIENCE IN STRENGTHENING                                 EXCELLENCE
                                         THE CORE
Di tengah tantangan triple shock,        Merayakan usia ke-53, Perseroan berhasil menaklukan         Tahun 2023, usia PT Elnusa Tbk
semangat pantang menyerah dengan         berbagai tantangan di tengah kondisi ketidakpastian         genap 54 tahun. Perseroan semakin
terus maju bersama. Menyatukan           akibat gejolak global sepanjang tahun 2022 yang masih       mengukuhkan          posisi   sebagai
Tekad & Tujuan untuk Satu Elnusa.        berlanjut dari tahun sebelumnya. Untuk memperkokoh          perusahaan dengan keunggulan yang
Dengan penerapan nilai AKHLAK            daya tahan terhadap keuangan juga menjaga bisnis            memiliki resiliensi dan penuh inovasi.
sebagai fondasi utama & untuk            yang berkelanjutan ke depannya, Elnusa berupaya             Semua ini terbukti mampu memperkuat
mencapai kinerja terbaik menjadi         untuk memperkuat bisnis inti Perseroan dengan               fundamental bisnis Elnusa ada di jalur
perusahaan yang unggul.                  konsisten menerapkan kebijakan strategis Perusahaan         yang tepat untuk menuju “Perusahaan
                                         dalam pengelolaan biaya yang tepat guna, optimal dan        Jasa    Energi      Terkemuka    yang
In the middle of the triple shock        mengambil peluang dalam Pengembangan bisnis yang            Memberikan Solusi Total”.
challenges, spirit to never give up by   bukan hanya pada industri migas, namun juga non
moving forward together. Unifying        migas. Elnusa juga terus berkomitmen untuk senantiasa       In 2023, PT Elnusa Tbk will be 54
Determination and Purpose for One        menjalankan prinsip-prinsip tata kelola yang baik (GCG)     years old. The Company has further
Elnusa. With the implementation of the   dalam setiap proses operasional dan bisnis Perusahaan.      strengthened its position as a company
AKHLAK value as the main foundation                                                                  with    excellence,     resilience   and
and to achieve the best performance to   Celebrating its 53rd anniversary, the Company has           innovation. All of this has proven to be
be superior company.                     successfully overcome various challenges in the midst       able to strengthen Elnusa’s business
                                         of uncertainty due to global turmoil throughout 2022        fundamentals on the right track to
                                         which still lingers from the previous year. To strengthen   become a “Leading Energy Services
                                         financial resilience as well as maintain a sustainable      Company that Provides Total Solutions”.
                                         business going forward, Elnusa strives to strengthen the
                                         Company’s core business by consistently implementing
                                         the Company’s strategic policies in managing costs
                                         that are appropriate, optimal and taking opportunities
                                         in business development not only in the oil and gas
                                         industry but also non-oil and gas. Elnusa also continues
                                         to be committed to always implementing the principles
                                         of good governance (GCG) in every operational and
                                         business process of the Company.




  2     PT ELNUSA Tbk Laporan Tahunan 2024
Page 5
  2024
MEMPERCEPAT KEUNGGULAN
ACCELERATING EXCELLENCE
Dalam menghadapi kompleksitas yang semakin meningkat di
dunia bisnis, Perseroan berkomitmen untuk terus meningkatkan
keunggulan dengan mengembangkan talenta terbaik,
memperkuat kolaborasi, dan membangun budaya inovasi yang
berkelanjutan. Standar kinerja yang tinggi, dipadukan dengan
kemajuan teknologi digitalisasi yang pesat, memungkinkan
Perseroan untuk memberikan layanan energi yang optimal
melalui solusi total.

The Company faces the increasingly complex business world by
delivering on its commitment to improving excellence, which
entails developing the best talents, strengthening collaboration,
and building a sustainable innovation culture. High-performance
standards and rapid digitalization technology advances
enable the Company to provide optimal energy services
through total solutions.




                     2024 Annual Report PT ELNUSA Tbk       3
Page 6
Daftar Isi
Table of Contents

                                                                           Struktur Organisasi                                                   94
              KILAS KINERJA 2024                                           Organizational Structure
              2024 Performance Highlights                                  Profil Dewan Komisaris                                                96
                                                                           Profile of the Board of Commissioners
                                                                           Profil Direksi                                                        100
Ikhtisar Data Keuangan Penting                                         8   Profile of the Board of Directors
Key Financial Highlights                                                   Profil Pejabat Eksekutif                                              106
Ikhtisar Saham                                                             Executive Officers Profile
                                                                      11
Share Highlights                                                           Demografi Sumber Daya Manusia                                         111
Aksi Korporasi                                                             Demographics of Human Resources
                                                                      12
Corporate Action                                                           Struktur dan Komposisi Pemegang Saham                                 113
Penghentian Sementara Perdagangan Saham                                    Demographics of Human Resources
                                                                      12   Struktur Grup Perseroan
Temporary Station of Share Trading                                                                                                               117
                                                                           Company Group Structure
Informasi tentang Obligasi, Sukuk, atau Obligasi Konversi             12
Information on Bonds, Sukuk, or Convertible Bonds                          Daftar Entitas Anak                                                   118
                                                                           List of Subsidiaries
Peristiwa Penting                                                     13
Significant Event                                                          Profil Entitas Anak                                                   121
                                                                           Profile of Subsidiaries
Penghargaan dan Sertifikasi                                           30   Kronologi Pencatatan Saham                                            128
Awards and Certifications
                                                                           Chronology of Stock Listing
                                                                           Kantor Akuntan Publik                                                 130
                                                                           Public Accounting Firm
              LAPORAN MANAJEMEN                                            Daftar Lembaga dan Profesi Penunjang Perusahaan                       131
                                                                           List of Company’s Supporting Institutions and Professions
              Management Report
                                                                           Informasi Website Perusahaan                                          132
                                                                           Information on Company Website
Laporan Dewan Komisaris                                               36
Board of Commissioners Report
Laporan Direksi                                                       48                 FUNGSI PENDUKUNG BISNIS
Board of Directors Report
                                                                                         Business Support Functions
Surat Pernyataan Anggota Dewan Komisaris tentang Tanggung             62
Jawab atas Laporan Tahunan 2024 PT Elnusa Tbk
Statement of Members of the Board of Commissioners                         Sumber Daya Manusia
of Responsibility for the 2024 Annual Report of PT Elnusa Tbk                                                                                    136
                                                                           Human Resources
Surat Pernyataan Anggota Direksi tentang Tanggung Jawab               63   Sistem Informasi
atas Laporan Tahunan 2024 PT Elnusa Tbk                                                                                                          163
                                                                           Information System
Statement of Members of the Board of Directos of Responsibility for
the 2024 Annual Report of PT Elnusa Tbk                                    Rantai Pasok                                                          168
                                                                           Supply Chain


              PROFIL PERUSAHAAN                                                          ANALISIS DAN PEMBAHASAN
              Company Profile
                                                                                         MANAJEMEN
                                                                                         Management Discussion and Analysis
Informasi Umum Perusahaan                                             66
Company General Information
Jejak Langkah                                                              Tinjauan Perekonomian dan Industri                                    176
                                                                      68   Economic and Industry Overview
Milestones
Riwayat Singkat Perusahaan                                                 Tinjauan Operasi per Segmen Usaha                                     182
                                                                      70   Operational Review per Business Segment
Brief History of the Company
Informasi Perubahan Nama                                                   Tinjauan Keuangan                                                     210
                                                                      71   Financial Review
Information on Name Change
Visi, Misi, dan Strategi Perusahaan                                        Standar Penyajian Informasi dan Kesesuaian terhadap Standar           210
                                                                      72   Akuntansi Keuangan
Corporate Vision, Mission, and Strategy
Budaya dan Nilai Perusahaan                                                Information Reporting Standards and Compliance with Financial
                                                                      74   Accounting Standards
Corporate Culture and Value
Makna Logo Perusahaan                                                      Struktur Modal dan Kebijakan Manajemen atas Struktur Modal            226
                                                                      79   Capital Structure and Management Policy on Capital Structure
The Meaning of Company Logo
Kegiatan Bidang Usaha                                                      Ikatan yang Material untuk Investasi Barang Modal                     228
                                                                      80   Material Commitment for Capital Expenditure
Activities and Line of the Business
Produk/Jasa Perseroan                                                      Realisasi Penggunaan Dana Penawaran Umum                              229
                                                                      83   Realization of Proceeds from Public Offering
Company Products/Services
Wilayah Operasional                                                        Informasi Material mengenai Investasi, Ekspansi, Divestasi,           229
                                                                      86   Penggabungan Usaha, Akuisisi, dan/atau Restrukturisasi
Operational Area
                                                                           Utang/Modal
Jaringan Kantor                                                       92   Material Information on Investment, Expansion, Divestment, Business
Office Network                                                             Merger, Acquisition, and/or Debt/Capital Restructuring
Keanggotaan dalam Asosiasi/Organisasi                                 93   Perbandingan antara Target Anggaran dengan Realisasi, dan
Membership in Association/Organizations                                                                                                          230
                                                                           Proyeksi Usaha
                                                                           Comparison between Budget Targets and Realization, and Business
                                                                           Outlook




    4      PT ELNUSA Tbk Laporan Tahunan 2024
Page 7
Informasi dan Fakta Material yang Terjadi setelah Tanggal Laporan       232   Perkara Penting                                                       415
Akuntan                                                                       Important Cases
Material Information and Facts Occurring after the Accountant’s               Informasi mengenai Sanksi Administratif
Report Date                                                                                                                                         417
                                                                              Information regarding Administrative Sanction
Dampak Nilai Tukar Mata Uang Asing                                      232   Kode Etik
Impact of Foreign Exchange Rates                                                                                                                    417
                                                                              Code of Ethics
Prospek Usaha                                                           233   Sistem Manajemen Anti Penyuapan
Business Prospect                                                                                                                                   421
                                                                              Anti-Bribery Management System
Aspek Pemasaran                                                         234   Kebijakan Antikorupsi
Marketing Aspect                                                                                                                                    423
                                                                              Anti-Corruption Policy
Kebijakan Dividen dan Pembagiannya                                      237   Pengelolaan Benturan Kepentingan
Dividend Policy and Its Distribution                                                                                                                424
                                                                              Management of Conflict of Interest
Kontribusi terhadap Negara melalui Perpajakan                           238   Kompensasi Jangka Panjang
Contribution to the Country through Taxation                                                                                                        425
                                                                              Long-term Compensation
Informasi Transaksi Material yang Mengandung Benturan                   239   Kebijakan Kepemilikan Saham dan Transaksi oleh Orang Dalam
Kepentingan dan/atau Transaksi dengan Pihak Afiliasi/Pihak Berelasi                                                                                 425
                                                                              (Insider Trading)
Information on Material Transactions Containing Conflicts of Interest         Share Ownership and Insider Trading Policy
and/or Transactions with Affiliated/Related Parties
                                                                              Sistem Pelaporan Pelanggaran                                          427
Informasi Kelangsungan Usaha                                            243   Violation Reporting System
Information on Business Sustainability
                                                                              Akses Informasi dan Data Perusahaan                                  430
Laporan Pencapaian Kpi Dan Tingkat Kesehatan Perusahaan                 244   Accessing Company’s Information and Data
KPI Achievement Report and Company Health Level
                                                                              Penilaian atau Evaluasi atas Penerapan Tata Kelola                    431
                                                                              Perusahaan yang Baik
                                                                              Assessment or Evaluation of the Implementation of
              TATA KELOLA PERUSAHAAN                                          Good Corporate Governance
                                                                              Kesesuaian Penerapan Tata Kelola Perusahaan terhadap ASEAN            432
              Business Support Functions                                      Corporate Governance Scorecard (ACGS)
                                                                              Suitability of the Implementation of Corporate Governance to ASEAN
Komitmen Penerapan Tata Kelola Perusahaan                                     Corporate Governance Scorecard (ACGS)
                                                                        248   Penerapan Aspek dan Prinsip Tata Kelola Perusahaan sesuai
Commitment to the Implementation of the Corporate Governance                                                                                        437
Struktur, Infrastruktur, dan Softstructure Tata Kelola Perusahaan             Ketentuan Otoritas Jasa Keuangan
                                                                        253   Implementation of the Aspects and Principles or Corporate
Structure, Infrastructure, and Softstructure of Corporate Governance
                                                                              Governance in Accordance with the Provisions of the Financial
Rapat Umum Pemegang Saham (RUPS)                                        258   Service Authority
General Meeting of Shareholders (GMS)
Dewan Komisaris                                                         280
Board of Commissioners
Direksi                                                                 300                   TANGGUNG JAWAB SOSIAL
Board of Directors
                                                                                              DAN LINGKUNGAN
Transparansi Informasi Dewan Komisaris dan Direksi                      315
Information Transparency of the Board of Commissioners and the                                Social and Environmental
Board of Directors                                                                            Responsibility Social and
Hubungan Afiliasi Dewan Komisaris, Direksi, dan/atau Pemegang           316                   Environmental Responsibility
Saham Pengendali
Affiliate Relationship between the Board of Commissioners, the Board
of Directors, and/or Controlling Shareholder                                  Aspek Ekonomi
Rapat Dewan Komisaris dan Direksi
                                                                                                                                                   444
                                                                        318   Economic Aspect
Meeting of the Board of Commissioners and the Board of Directors
                                                                              Aspek Lingkungan                                                     444
Keberagaman Komposisi Dewan Komisaris dan Direksi                       329   Environment Aspect
Diversity in Members Composition of the Board of Commissioners
and the Board of Directors                                                    Aspek Sosial                                                         445
                                                                              Social Aspect
Penilaian Kinerja terhadap Dewan Komisaris dan Direksi                  331
Performance Assessment of the Board of Commissioners and the
Board of Directors
Nominasi dan Remunerasi Dewan Komisaris dan Direksi                     333
Nomination and Remuneration of the Board of Commissioners and                 Lampiran
the Board of Directors
                                                                              Appendix
Komite Audit                                                            338
Audit Committee
                                                                              Referensi SEOJK No. 16/SEOJK.04/2021: Laporan Tahunan Emiten         448
Komite Nominasi, Remunerasi dan Good Corporate Governance               354   atau Perusahaan Publik
Nomination, Remuneration Committee and Good Corporate
                                                                              SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company
Governance
Komite Pemantau Risiko dan Investasi                                          Laporan Keuangan                                                     474
                                                                        367   Financial Report
Risk and Investment Monitoring Committee
Sekretaris Perusahaan                                                         Glosarium                                                            628
                                                                        378   Glosarium
Corporate Secretary
Unit Audit Internal                                                     388
Unit Audit Internal
Sistem Pengendalian Internal                                            397
Internal Control System
Sistem Manajemen Risiko                                                 399
Risk Management System




                                                                                                      2024 Annual Report PT ELNUSA Tbk              5
Page 8

          
Page 9
KILAS
KINERJA 2024
2024 Performance Highlights
8    Ikhtisar Data Keuangan Penting
     Key Financial Highlights

11   Ikhtisar Saham
     Share Highlights

12   Aksi Korporasi
     Corporate Action

12   Penghentian Sementara Perdagangan Saham/Penghapusan
     Pencatatan Saham
     Temporary Station of Share Trading/Removal of Share Listing

12   Informasi tentang Obligasi, Sukuk, atau Obligasi Konversi
     Information on Bonds, Sukuk, or Convertible Bonds

13   Peristiwa Penting
     Significant Event

30   Penghargaan dan Sertifikasi
     Awards and Certifications
Page 10
               KILAS KINERJA 2024
               2024 Performance Highlights




Ikhtisar Data Keuangan Penting
Key Financial Highlights



LABA (RUGI) DAN PENGHASILAN KOMPREHENSIF LAIN KONSOLIDASIAN
Consolidated Profit (Loss) and Other Comprehensive Income
                                                                                        dalam jutaan Rupiah, kecuali dinyatakan lain | in million Rupiah, unless otherwise stated

                                                                                                                           Pertumbuhan/
                                                                                                                            (Penurunan)
                                                                                                                              Growth/
         Uraian                   2024              2023              2022            2021                 2020                                              Description
                                                                                                                             (Decrease)
                                                                                                                             2023–2024
                                                                                                                                (%)
Pendapatan                        13.393.013        12.564.391        12.305.690       8.136.563            7.726.945                       6,6                         Revenue
Penjualan Barang dan               7.089.362         7.049.741         7.564.058       4.744.166            3.786.529                       0,6            Sales of Goods and
Jasa Distribusi dan                                                                                                                                           Services Energy
Logistik Energi                                                                                                                                     Distribution and Logistics
Jasa Hulu Migas                    5.097.003         4.257.537         4.034.631       2.981.764            3.760.935                     19,7          Integrated Upstream Oil
Terintegrasi                                                                                                                                                     and Gas Servics
Jasa Penunjang Migas               1.800.517         1.820.835         1.357.387       1.285.491            1.409.031                     (1,1)             Oil and Gas Support
                                                                                                                                                                        Services
Beban Pokok                      (12.068.115)     (11.394.689)       (11.393.357)    (7.491.069)           (6.984.472)                      5,9                 Cost of Revenue
Pendapatan
Laba Bruto                         1.324.898         1.169.702           912.333         645.494              742.473                     13,3                       Gross Profit
Laba (Rugi) Operasi                  805.414            669.652          498.015         315.228              437.247                     20,3      Profit (Loss) of Operation
EBITDA                             1.454.585         1.281.770         1.146.434         984.669            1.164.509                     13,5                            EBITDA
Beban Keuangan                     (124.595)         (115.221)         (143.320)       (121.341)            (132.200)                       8,1                   Financial Costs
Laba (Rugi) Tahun                    713.672            503.131          378.058         108.852              249.086                     41,8          Profit (Loss) for the Year
Berjalan
Laba (Rugi)                          688.626            487.889          393.467         111.924              253.049                     41,1            Comprehensive Profit
Komprehensif Tahun                                                                                                                                           (Loss) for the Year
Berjalan
Laba (Rugi) Tahun Berjalan yang Dapat Diatribusikan kepada:                                                                       Profit (Loss) for the Year Attributable to:
– Pemilik Entitas Induk              713.668            503.129          378.065         108.740              356.474                     41,8      Owner of Parent Entity –
– Kepentingan Non                            4                2               (7)            112                      3                  100,0                   Non-controlling
  Pengendali                                                                                                                                                          Interest –
Jumlah                               713.672            503.131          378.058         108.852              356.477                     41,8                              Total
Laba (Rugi) Komprehensif yang Dapat Diatribusikan kepada:                                                                    Comprehensive Profit (Loss) Attributable to:
– Pemilik Entitas Induk              688.622            487.887          393.474         111.812              253.045                     41,1      Owner of Parent Entity –
– Kepentingan Non                            4                2                7             112                      3                  100,0                   Non-controlling
  Pengendali                                                                                                                                                          Interest –
Jumlah                               688.626            487.889          393.467         111.924              253.048                     41,1                              Total
Laba (Rugi) Bersih per                      98              69                52               15                   49                    42,0              Net Profit (Loss) per
Saham Dasar (Nilai                                                                                                                                          Share (Full Amount)
Penuh)



         PENDAPATAN                                                                 LABA BERSIH
         Revenue                                                                    Net Profit
         miliar Rupiah | million Rupiah                                             miliar Rupiah | million Rupiah

                                                            13.393
                                                                                                                                                  714
                                                 12.564
                                    12.306
                                                                                                                                 503
                         8.137

             7.727                                                                                                378
                                                                                       249

                                                                                                    109



             2020        2021        2022        2023        2024                     2020          2021          2022          2023           2024




 8       PT ELNUSA Tbk Laporan Tahunan 2024
Page 11
                                                                                                                                            KILAS KINERJA 2024
                                                                                                                                    2024 Performance Highlights




POSISI KEUANGAN KONSOLIDASIAN
Consolidated Financial Position
                                                                                    dalam jutaan Rupiah, kecuali dinyatakan lain | in million Rupiah, unless otherwise stated

                                                                                                                       Pertumbuhan/
                                                                                                                        (Penurunan)
                                                                                                                          Growth/
          Uraian                  2024            2023              2022          2021                 2020                                           Description
                                                                                                                         (Decrease)
                                                                                                                         2023–2024
                                                                                                                            (%)
Aset Lancar                        7.062.456      6.106.301         5.287.016      4.446.784           4.217.325                      15,7                 Current Assets
Aset Tetap dan Properti            1.985.020      1.940.150         1.773.917      1.877.948           1.872.101                        2,3             Fixed Assets and
Investasi–Neto                                                                                                                                     Investment Property–
                                                                                                                                                                     Net
Jumlah Aset                       10.628.300      9.601.482         8.836.089      7.234.857           7.562.822                      10,7                     Total Assets
Liabilitas Jangka Pendek           5.411.187      4.234.123         3.531.761      2.561.234           2.573.467                      27,8              Current Liabilities
Liabilitas Jangka Panjang           313.639            951.291      1.187.117        895.489           1.248.409                    (67,0)        Non-current Liabilities
Jumlah Liabilitas                  5.724.826      5.185.414         4.718.878      3.456.723           3.821.876                      10,4                 Total Liabilities
Utang Berbunga                      314.507            171.231       128.258         333.197              739.326                     83,7         Interest Bearing Debt
Ekuitas                            4.903.474      4.416.068         4.117.211      3.778.134           3.740.946                      11,0                           Equity
Modal Kerja – Neto                 1.651.269      1.872.178         1.755.255      1.885.550           1.643.858                    (11,8)          Working Capital–Net




          JUMLAH ASET                                                           JUMLAH LIABILITAS
          Total Assets                                                          Total Liabilities
          miliar Rupiah | million Rupiah                                        miliar Rupiah | million Rupiah

                                                           10.628                                                                         5.724
                                               9.601                                                                        5.185
                                                                                                             4.719
                                    8.836
            7.563                                                                 3.822
                        7.235                                                                  3.457




            2020           2021      2022      2023         2024                  2020         2021           2022          2023           2024



ARUS KAS KONSOLIDASIAN
Consolidated Statements of Cash Flow
                                                                                    dalam jutaan Rupiah, kecuali dinyatakan lain | in million Rupiah, unless otherwise stated

                                                                                                                       Pertumbuhan/
                                                                                                                        (Penurunan)
                                                                                                                          Growth/
          Uraian                  2024            2023              2022          2021                 2020                                           Description
                                                                                                                         (Decrease)
                                                                                                                         2023–2024
                                                                                                                            (%)
Kas Bersih yang                    1.747.142      1.389.990         1.461.281      1.104.623              928.178                     25,7         Net Cash Provided by
Diperoleh dari Aktivitas                                                                                                                            Operating Activities
Operasi
Kas Bersih yang                    (477.660)      (487.739)         (387.541)      (361.321)            (483.159)                     (2,1)        Net Cash Provided by
Diperoleh dari                                                                                                                                       (Used in) Investing
(Digunakan untuk)                                                                                                                                              Activities
Aktivitas Investasi
Kas Bersih yang                    (406.037)      (477.631)         (587.419)      (833.108)             (70.996)                   (15,0)         Net Cash Provided by
Diperoleh dari                                                                                                                                       (Used in) Financing
(Digunakan untuk)                                                                                                                                              Activities
Aktivitas Pendanaan
Kas dan Setara Kas pada            2.949.057      2.077.725         1.656.975      1.144.769           1.231.867                      41,9               Cash and Cash
akhir tahun                                                                                                                                     Equivalent at the End of
                                                                                                                                                                the Year




                                                                                                             2024 Annual Report PT ELNUSA Tbk                           9
Page 12
                 KILAS KINERJA 2024
                 2024 Performance Highlights




RASIO-RASIO KEUANGAN
Financial Ratios
                                                                                                                                                             dalam persentase (%) | in percentage (%)

                                                                                                                                                Pertumbuhan/
                                                                                                                                                 (Penurunan)
                                                                                                                                                   Growth/
           Uraian                       2024                  2023                  2022                  2021                  2020                                            Description
                                                                                                                                                  (Decrease)
                                                                                                                                                  2023–2024
                                                                                                                                                     (%)
 Margin Laba Bruto                              9,89                  9,31                  7,41                  7,93                10,44                       6,2           Gross Profit Margin
 Margin Laba Operasi                            6,01                  5,33                  4,05                  3,87                  5,66                    12,8       Operating Profit Margin
 Margin Laba Bersih*                            5,33                  4,00                  3,07                  1,34                  3,22                    33,3             Net Profit Margin*
 Margin Laba Bersih                             6,71                  5,24                  4,28                  1,50                  3,29                    28,1            Net Profit Margin
 Tanpa Laba (Rugi)                                                                                                                                                       Excluded Gain (Loss) Sale
 Penjualan Aset Tetap**                                                                                                                                                          of Fixed Assets**
 Margin EBITDA                                10,86                 10,20                   9,32                12,10                 15,07                       6,5                EBITDA Margin
 Rasio Lancar                                   1,30                  1,45                  1,50                  1,74                  1,64                  (10,3)                   Current Ratio
 Perputaran Total Aset                       126,01                130,86                139,27                112,46                102,17                     (3,7)          Total Asset Turnover
 Imbal Hasil Aset                               6,71                  5,24                  4,28                  1,50                  4,71                    28,1                Return on Asset
 Imbal Hasil Ekuitas                          14,55                 11,39                   9,18                  2,88                  9,53                    27,7               Return on Equity
 Utang Berbunga/Ekuitas                         0,06                  0,04                  0,03                  0,09                  0,20                    50,0                Interest Bearing
                                                                                                                                                                                        Debt/Equity
 Utang Berbunga/Jumlah                          0,03                  0,02                  0,01                  0,05                  0,10                    50,0                Interest Bearing
 Aset                                                                                                                                                                                    Debt/Asset
 Utang Berbunga/EBITDA                          0,08                  0,13                  0,11                  0,34                  0,63                  (38,5)                Interest Bearing
                                                                                                                                                                                       Debt/EBITDA
 EBITDA/ Beban                                11,67                 11,12                   8,00                  8,11                  8,81                      4,9    EBITDA/Interest Expense
 Keuangan
Jumlah Liabilitas/Ekuitas                        1,2                   1,2                   1,1                   0,9                   1,0                      0,0        Total Liabilities/Equity
Jumlah Liabilitas/Aset                          0,54                  0,54                  0,53                  0,48                  0,51                      0,0        Total Liabilities/Assets
Kas Neto yang Diperoleh                         2,45                  2,85                  3,71                  9,88                  3,67                  (14,0)        Net Cash Provided by
dari Aktivitas Operasi/                                                                                                                                                   Operating Activities/Net
Laba Bersih                                                                                                                                                                                Income
Kas Neto yang Diperoleh                         0,59                  0,67                  0,88                  0,96                  0,75                  (11,9)        Net Cash Provided by
dari Aktivitas Operasi/                                                                                                                                                      Operating Activities/
Kas dan Setara Kas akhir                                                                                                                                                           Cash and Cash
tahun                                                                                                                                                                    Equivalents at the End of
                                                                                                                                                                                          the Year
Kas dan Setara Kas                              9,37                12,13                 12,92                   3,44                  1,67                  (22,8)                Cash and Cash
pada akhir tahun/Utang                                                                                                                                                    Equivalent at the End of
Berbunga                                                                                                                                                                 the Year/Interest Bearing
                                                                                                                                                                                             Debt
Laba Bersih/Jumlah                           379,81                478,36                358,70                 92,94                281,58                   (20,6)         Net Profit/Number of
Karyawan                                                                                                                                                                                Employees
 * Perhitungan margin laba bersih yang tercantum dalam laporan ini menggunakan Laba Tahun yang Berjalan yang Dapat Diatribusikan kepada Pemilik Entitas Induk.
    Net profit margin in this reports is calculated using the Profit for the Current Year Attributable to Owners of the Parent Entity.
 ** Perhitungan Margin Laba Bersih Tanpa Laba (Rugi) Penjualan Aset Tetap yang tercantum dalam laporan ini menggunakan Laba Tahun Berjalan yang dapat Diatribusikan kepada Pemilik Entitas
    Induk-Tanpa Laba (Rugi) Penjualan Aset Tetap.
    Net Profit Margin Excluded Gain (Loss) on Sale of Fixed Assets in this reports is calculated using the Profit for the Current Year Attributable to Owners of the Parent Entity Excluded Gain (Loss)
    on Sale of Fixed Assets.




  10       PT ELNUSA Tbk Laporan Tahunan 2024
Page 13
                                                                                                                                       KILAS KINERJA 2024
                                                                                                                               2024 Performance Highlights




Ikhtisar Saham
Share Highlights
Tahun 2024 menjadi periode yang cukup dinamis bagi pergerakan                In 2024 is a fairly dynamic period for the movement of PT Elnusa
saham PT Elnusa Tbk (ELSA). Sepanjang 2023 hingga 2024, saham                Tbk (ELSA) shares. Throughout 2023 to 2024, ELSA shares showed
ELSA menunjukkan tren pertumbuhan yang signifikan, baik dari sisi            a significant growth trend, both in terms of price and market
harga maupun kapitalisasi pasar. Di tahun 2023, harga saham naik dari        capitalization. In 2023, the share price rose from Rp312 to Rp388,
Rp312 menjadi Rp388, diikuti kenaikan kapitalisasi pasar dari Rp2,27         followed by an increase in market capitalization from Rp2.27
triliun menjadi Rp2,83 triliun. Tren positif berlanjut di 2024, dengan       trillion to Rp2.83 trillion. The positive trend continued in 2024,
harga saham sempat menyentuh Rp545 sebelum terkoreksi ke Rp432               with the share price briefly touching Rp545 before correcting to
pada akhir tahun. Kapitalisasi pasar pun sempat mencapai Rp3,46              Rp432 at the end of the year. Market capitalization also reached
triliun sebelum turun menjadi Rp3,15 triliun.                                Rp3.46 trillion before falling to Rp3.15 trillion.

Data ini mencerminkan optimisme pasar terhadap kinerja ELSA yang             This data reflects the market’s optimism towards ELSA’s growing
terus berkembang, meskipun dibayangi oleh dinamika pasar yang                performance, despite being overshadowed by volatile market
fluktuatif. Secara keseluruhan, performa saham ELSA dalam dua tahun          dynamics. Overall, ELSA’s stock performance in the last two years
terakhir tergolong solid, dengan sejumlah momentum penguatan                 has been solid, with a number of strengthening momentum that
yang menjadikan saham Perseroan menarik bagi para investor. Secara           makes the Company’s shares attractive to investors. In detail, the
rinci, data dan informasi saham ELSA diungkapkan sebagai berikut:            data and information on ELSA shares are disclosed as follows:

                                                                                              dalam Rupiah, kecuali dinyatakan lain | in Rupiah, unless otherwise stated

                                                                             Volume         Jumlah Saham                 Kapitalisasi Pasar
        Kuartal           Open     Highest         Lowest      Closing      (lembar)           Beredar                        Market                     Quarter
                                                                             (share)      Outstanding Shares               Capitalisation
 2024                                                                                                                                                             2024
 Kuartal 1                   388         422           374          386      25.430.969             7.298.500.000           2.817.221.000.000               Quarter 1
 Kuartal 2                   388         464           380          444      37.995.113             7.298.500.000           3.240.534.000.000               Quarter 2
 Kuartal 3                   444         545           430          474      43.990.394             7.298.500.000           3.459.489.000.000               Quarter 3
 Kuartal 4                   476         535           424          432      43.160.565             7.298.500.000           3.152.952.000.000               Quarter 4
 2023                                                                                                                                                             2023
 Kuartal 1                   312         340           286          312      27.170.910             7.298.500.000           2.277.132.000.000               Quarter 1
 Kuartal 2                   322         348           304          334      34.555.431             7.298.500.000           2.437.699.000.000               Quarter 2
 Kuartal 3                   334         438           334          418      48.855.626             7.298.500.000           3.050.773.000.000               Quarter 3
 Kuartal 4                   418         460           370          388      29.644.743             7.298.500.000           2.831.818.000.000               Quarter 4



HARGA PENUTUPAN DAN VOLUME PERDAGANGAN ELSA 2023–2024
ELSA Closing Prices and Trading Volume in 2023–2024
                                                       2024                                  2023
                                                                Volume                               Volume
                                          Harga              Perdagangan        Harga             Perdagangan
                  Bulan                 Penutupan              (lembar)       Penutupan             (lembar)                                Month
                                       Closing Price            Trading      Closing Price           Trading
                                           (Rp)                 Volume           (Rp)                Volume
                                                                (share)                              (share)

 Januari                                     402               11.643.500         312                 10.792.000                                            January
 Februari                                    406               47.275.100         308                 33.797.100                                           February
 Maret                                       386               14.728.600         312                 14.097.100                                             March
 April                                       428              123.973.800         322                 67.623.900                                               April
 Mei                                         406               18.467.500         330                 18.163.500                                               May
 Juni                                        444               16.544.100         334                 29.420.400                                               June
 Juli                                        510              207.058.600         390                 90.163.200                                                July
 Agustus                                     480               35.569.800         390                 11.502.600                                             August
 September                                   474               23.906.300         418                 40.624.900                                         September
 Oktober                                     478               32.061.700         432                 39.041.900                                            October
 November                                    442               14.765.900         416                  7.935.000                                         November
 Desember                                    432                9.207.400         388                 21.587.200                                          December



                                                                                                         2024 Annual Report PT ELNUSA Tbk                           11
Page 14
           KILAS KINERJA 2024
           2024 Performance Highlights




Aksi Korporasi
 Corporate Action




Pada tahun 2024, tidak terdapat aksi korporasi seperti aksi        In 2024, there were no corporate actions such as stock splits,
pemecahan saham (stock split), penggabungan saham (reverse         reverse stock, bonus shares, or a decrease in the nominal value of
stock), saham bonus, maupun penurunan nilai nominal saham,         shares, in the last two years.
dalam dua tahun terakhir.




Penghentian Sementara
Perdagangan Saham
Suspension of Share Trading/Delisting

Selama tahun 2024, Perseroan tidak pernah dikenakan sanksi         During 2024, the Company has never been subject to share
saham, baik berupa penghentian sementara perdagangan saham         sanctions, either in the form of suspension or delisting on the
(suspension) maupun penghapusan pencatatan saham (delisting)       Indonesia Stock Exchange.
di Bursa Saham Indonesia.




Informasi tentang Obligasi, Sukuk,
atau Obligasi Konversi
 Information about Bonds, Sukuk, or Covertible Bonds

Perseroan tidak mengeluarkan obligasi/sukuk/obligasi konversi      The Company did not issue any bonds/sukuk/convertible bonds
sepanjang tahun 2024. Namun, pada Agustus 2020 Perseroan           throughout 2024. However, in August 2020, the Company took
telah melakukan aksi korporasi dengan menerbitkan Sukuk Ijarah     corporate action by issuing Sukuk Ijarah Sustainable I Phase One
Berkelanjutan I Tahap Kesatu (Sukuk) senilai Rp700 miliar untuk    (Sukuk) of Rp700 billion for 5 (five) years, which was fully realized
jangka waktu 5 (lima) tahun yang seluruhnya telah direalisasikan   in 2021. However, on July 23, 2023, the Company terminated the
di tahun 2021. Namun, pada tanggal 23 Juli 2023 Perseroan telah    sustainable public offering I Phase 1 in 2020 of PT Elnusa Tbk.
melakukan penghentian penawaran umum berkelanjutan 1 Tahap
1 tahun 2020 PT Elnusa Tbk.




 12     PT ELNUSA Tbk Laporan Tahunan 2024
Page 15
                                                                                                                  KILAS KINERJA 2024
                                                                                                          2024 Performance Highlights




Peristiwa Penting
Significant Event



 Januari | January


                       Elnusa menggelar Town Hall Meeting perdana 2024 bertema Accelerating Excellence dengan konsep
                       keberlanjutan dan dekorasi daur ulang hasil kolaborasi dengan UMKM, sebagai upaya mendukung program
                       ESG dan meningkatkan kesadaran lingkungan Perwira Elnusa.

                       Elnusa held its first 2024 Town Hall Meeting under the theme Accelerating Excellence, featuring a sustainability
                       concept and recycled decorations in collaboration with MSMEs, as part of its ESG program and to raise
                       environmental awareness among Elnusa personnel.



11 Januari | January




                       Elnusa menggelar RUPSLB dengan agenda perubahan susunan pengurus Perseroan, mencakup Dewan
                       Komisaris dan Direksi. Komisaris Utama kini dijabat oleh Nur Endro Buwono menggantikan Agus Prabowo, dan
                       Denie S. Tampubolon menggantikan Hernawan Bekti Sasongko sebagai Komisaris Independen. Sementara itu,
                       Direktur Utama Perseroan John Hisar Simamora digantikan oleh Bachtiar Soeria Atmadja, yang sebelumnya
                       menjabat sebagai Direktur Keuangan Perseroan. Direktur Operasi Perseroan Charles Harianto Lumbantobing
                       digantikan oleh Endro Hartanto. Sementara itu posisi Direktur Pengembangan Usaha Perseroan sekarang diisi
                       oleh Arief Prasetyo Handoyo. Sedangkan posisi Direktur Keuangan Perseroan yang sebelumnya dijabat oleh
                       Bachtiar Soeria Atmadja digantikan oleh Stanley Iriawan.

                       Elnusa held an Extraordinary General Meeting of Shareholders (EGMS) with an agenda to change the
                       composition of the Company’s management, including the Board of Commissioners and the Board of
                       Directors. Nur Endro Buwono was appointed as President Commissioner, replacing Agus Prabowo, and Denie
17 Januari | January   S. Tampubolon replaced Hernawan Bekti Sasongko as Independent Commissioner. Meanwhile, President
                       Director John Hisar Simamora was succeeded by Bachtiar Soeria Atmadja, formerly the Finance Director.
                       Director of Operations Charles Harianto Lumbantobing was replaced by Endro Hartanto, and the position of
                       Director of Business Development is now held by Arief Prasetyo Handoyo. The Finance Director role previously
                       held by Bachtiar Soeria Atmadja has been assumed by Stanley Iriawan.




                       Elnusa menggelar Kick-Off Meeting Survei Seismik 2D Amalia di Sumatra Selatan sebagai langkah nyata dalam
                       mendukung target produksi migas 1 juta barel pada tahun 2030.

                       Elnusa held the Kick-Off Meeting for the 2D Amalia Seismic Survey in South Sumatra, as a concrete step to
                       support the oil and gas production target of 1 million barrels by 2030.




31 Januari | January




                                                                                       2024 Annual Report PT ELNUSA Tbk                   13
Page 16
               KILAS KINERJA 2024
               2024 Performance Highlights




   Februari | February




    22 Februari | February                                     26 Februari | February                                 26 Februari | February

Elnusa terus berinovasi dan mengembangkan diri            PT Elnusa Petrofin (EPN) menandatangani                 Elnusa melaksanakan program TJSL bertajuk ‘Base
untuk mendukung pertumbuhan perusahaan,                   Perjanjian Kerja Sama Third Party Logistics dengan      Jam’ di wilayah Jambi Merang, dimulai dengan
salah satunya melalui forum Group Discussion              PT Pertamina Lubricants (PTPL) untuk memperluas         Aksi Tebar Manfaat ke SLB Negeri Sekayu untuk
yang sejalan dengan dorongan SKK Migas dalam              pengelolaan Depot Supply Point (DSP) Pelumas di         mendukung pengembangan motorik siswa serta
Optimalisasi Penggunaan Produk Dalam Negeri dan           berbagai daerah bersama PT Patra Logistik.              menyebarkan energi positif bersama Perwira
capaian TKDN di sektor hulu migas.                                                                                Elnusa.
                                                          PT Elnusa Petrofin (EPN) signed a Third Party
Elnusa continues to innovate and grow in support of       Logistics Cooperation Agreement with PT                 Elnusa conducted a Social and Environmental
company development, including through a Group            Pertamina Lubricants (PTPL) to expand the               Responsibility (TJSL) program titled Base Jam in the
Discussion forum aligned with SKK Migas’ push             management of Lubricants Depot Supply Points            Jambi Merang area, starting with the “Aksi Tebar
for the Optimization of Domestic Product Usage            (DSP) in various regions, in collaboration with         Manfaat” at SLB Negeri Sekayu to support students’
and achievements in Local Content (TKDN) in the           PT Patra Logistik.                                      motor skill development and spread positive energy
upstream oil and gas sector.                                                                                      with Elnusa personnel.




                                                    Elnusa menggelar Media Meeting perdana 2024 bertema Accelerate Excellence, sebagai wujud komitmen
                                                    keterbukaan informasi terkait kinerja keuangan tahun buku 2023, yang dihadiri oleh 19 media nasional.

                                                    Elnusa held its first Media Meeting of 2024 under the theme Accelerate Excellence, demonstrating its
                                                    commitment to information transparency regarding the 2023 financial year performance, attended by 19
                                                    national media outlets.




 29 Februari | February




   Maret | March




    1 Maret | March                                             14 Maret | March                                          14 Maret | March

Elnusa menggelar Closing Wellness Program Elnusa          Elnusa membuka tahap in-class training untuk 11                Elnusa menandatangani Akta Perjanjian
Goes to P1 (EGOP1) sebagai penutup rangkaian              trainee terpilih dalam program Elnusa Wireline School          Konsorsium dengan PT PGAS Solution
kegiatan hidup sehat yang mencakup latihan fisik,         (EWS), sebuah pelatihan manajemen yang dirancang               (PGN Solution) untuk pekerjaan desain,
konsultasi gizi, pengukuran BCM, dan pemeriksaan          untuk mencetak kandidat terbaik melalui proses                 pengadaan, instalasi, dan pengujian sistem
kesehatan bagi Perwira Elnusa.                            seleksi ketat dan pembinaan langsung oleh ahli teknis          pompa booster serta sistem kontrol di
                                                          internal. Program ini mencakup pelatihan kelas selama          Batang HO Station dan KBJ SLC Station
Elnusa hosted the Closing of the Elnusa Goes to P1        1 bulan dan on the job training selama 6 bulan.                PT Pertamina Gas (PERTAGAS) di Blok Rokan.
(EGOP1) Wellness Program, wrapping up a series of
healthy living activities including physical training,    Elnusa launched the in-class training stage for 11             Elnusa signed a Consortium Agreement
nutrition consultations, BCM measurements, and            selected trainees in the Elnusa Wireline School (EWS)          Deed with PT PGAS Solution (PGN Solution)
health checks for Elnusa personnel.                       program, a management training initiative designed to          for the design, procurement, installation,
                                                          develop top candidates through a rigorous selection            and testing of booster pump systems and
                                                          process and direct mentoring by internal technical             control systems at Batang HO Station
                                                          experts. The program includes one month of classroom           and KBJ SLC Station of PT Pertamina Gas
                                                          training and six months of on-the-job training.                (PERTAGAS) in the Rokan Block.




  14      PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                                                        KILAS KINERJA 2024
                                                                                                                                2024 Performance Highlights




   Maret | March


                                                Elnusa menggelar acara “Merajut Karya Bersama Sahabat Istimewa Elnusa” sebagai wujud kepedulian terhadap
                                                lingkungan dan komitmen pemberdayaan difabel melalui pengolahan sampah daur ulang menjadi produk bernilai jual
                                                dalam mendukung ekonomi sirkular.

                                                Elnusa held the event Weaving Creations with Elnusa’s Special Friends as a show of care for the environment and a
                                                commitment to empowering people with disabilities through the transformation of recycled waste into value-added
                                                products to support the circular economy.


 15 Maret | March




                                                Elnusa menandatangani Nota Kesepahaman dengan PT Industri Baterai Indonesia (IBC) untuk Kerja Sama
                                                Pengembangan Ekosistem Electric Vehicle (EV). Melalui kerja sama ini, Elnusa Memberikan Solusi Total, terus adaptif
                                                terhadap perkembangan industri energis. Kerja sama ini menjadi langkah strategis dalam mendukung keberlanjutan
                                                lingkungan dan peluang bisnis energi masa depan.

                                                Elnusa signed a Memorandum of Understanding with PT Indonesia Battery Corporation (IBC) for collaboration in
                                                the development of the Electric Vehicle (EV) ecosystem. Through this partnership, Elnusa offers Total Solutions and
                                                remains adaptive to the evolving energy industry. This collaboration marks a strategic step toward environmental
                                                sustainability and future energy business opportunities.

 22 Maret | March




   April| April




 4 April | April                                          5 April | April                                        5 April | April

Proyek Survei Seismik 3D Balam SE yang
                                                        Elnusa menggelar Kick-Off persiapan Audit               Elnusa menunjukkan komitmennya terhadap
diselesaikan pada 4 April 2024 merupakan
                                                        Sustainability Pertamina Expectations for               target 1 Juta BOPD tahun 2030 dengan
wujud dukungan Elnusa dan PHR dalam
                                                        HSSE Management Excellence (SUPREME)                    menyelesaikan proyek survei seismik 3D
optimalisasi aset migas dan pemajuan industri
                                                        2024 sebagai komitmen penguatan HSSE                    Kepuh di wilayah Pertamina EP Zona 7 enam
energi, dengan hasil berupa gambaran tiga
                                                        Management System, yang merupakan                       bulan lebih cepat dari target. Proyek yang
dimensi formasi bawah permukaan untuk
                                                        partisipasi ketiga setelah sebelumnya                   mencakup 501 KM² dan 25.356 titik tembak
potensi penemuan cadangan migas yang
                                                        dilakukan pada 2020 dan 2022.                           ini berhasil diselesaikan tanpa isu sosial,
lebih efisien.
                                                                                                                mencatatkan 1.759.900 jam kerja selamat,
                                                        Elnusa held a Kick-Off meeting to prepare               dan mencapai 100% penyelesaian program.
The 3D Balam SE Seismic Survey Project,
                                                        for the 2024 Sustainability Pertamina                   Keberhasilan ini juga membuktikan komitmen
completed on April 4, 2024, represents Elnusa
                                                        Expectations for HSSE Management                        Elnusa terhadap aspek HSSE dengan
and PHR’s support in optimizing oil and gas
                                                        Excellence (SUPREME Audit), reaffirming                 pencapaian Zero LTI.
assets and advancing the energy industry.
                                                        its commitment to strengthening the HSSE
The result provides a three-dimensional
                                                        Management System. This marks Elnusa’s                  Elnusa demonstrated its commitment to the
image of subsurface formations, enabling
                                                        third participation, following previous audits          2030 target of 1 million BOPD by completing
more efficient discovery of hydrocarbon
                                                        in 2020 and 2022.                                       the 3D Kepuh seismic survey project in
reserves.
                                                                                                                Pertamina EP Zone 7 six months ahead of
                                                                                                                schedule. The project, covering 501 km²
                                                                                                                and 25,356 shot points, was completed
                                                                                                                without social conflict, recorded 1,759,900
                                                                                                                safe working hours, achieved 100% program
                                                                                                                completion, and attained Zero Lost Time
                                                                                                                Incident (LTI), underscoring Elnusa’s HSSE
                                                                                                                commitment.




                                                                                                             2024 Annual Report PT ELNUSA Tbk                 15
Page 18
              KILAS KINERJA 2024
              2024 Performance Highlights




   April| April




  6 April | April                                   19 April | April                                           29 April | April


Elnusa dipercaya PT Pertamina Hulu Energi          Elnusa berhasil mempertahankan peringkat                  Elnusa bersama Pertagas menggelar Kick
untuk mengerjakan survei seismik di wilayah        idAA/stable dari Pefindo serta peringkat                  Off Meeting Proyek Jasa Perancangan,
terbuka dekat Kabupaten Seram Bagian               idAA(sy) untuk Sukuk Ijarah Berkelanjutan                 Pengadaan,      dan    Konstruksi   Fasilitas
Timur, Maluku, seluas 700 km². Proyek              I/2020, berlaku hingga 1 April 2025.                      Pendukung Kotabatak Junction SLC Booster
ini merupakan bagian dari pemenuhan                Peringkat tersebut mencerminkan prospek                   Station di Siak, Riau. Proyek ini bertujuan
Komitmen Kerja Pasti bersama SKK Migas.            stabil, kekuatan posisi di industri jasa migas,           memperkuat infrastruktur energi dan
                                                   serta profil keuangan yang solid. Hal ini                 meningkatkan kapasitas penyaluran minyak
Elnusa was entrusted by PT Pertamina               juga menunjukkan sinergi kuat dengan                      di Wilayah Kerja Rokan.
Hulu Energi to carry out a seismic survey          Grup Pertamina dan kepercayaan terhadap
in an open area near East Seram Regency,           konsistensi Elnusa dalam memenuhi                         Elnusa and Pertagas held a Kick-Off
Maluku, covering 700 km². This project is          komitmen keuangan jangka panjang.                         Meeting for the Design, Procurement, and
part of the Firm Commitment (Komitmen                                                                        Construction Services Project for Supporting
Kerja Pasti) agreement with SKK Migas.             Elnusa successfully maintained its idAA/stable            Facilities at Kotabatak Junction SLC Booster
                                                   rating from Pefindo and the idAA(sy) rating               Station in Siak, Riau. This project aims
                                                   for its Sustainable Sukuk Ijarah I/2020, valid            to strengthen energy infrastructure and
                                                   through April 1, 2025. These ratings reflect              enhance oil distribution capacity in the Rokan
                                                   a stable outlook, a strong position in the oil            Working Area.
                                                   and gas services industry, and a solid financial
                                                   profile. They also demonstrate strong synergy
                                                   with the Pertamina Group and market
                                                   confidence in Elnusa’s consistency in meeting
                                                   long-term financial commitments.



                                              Elnusa mendukung Synergy Recharge Expo 2024 yang digelar PT Pertamina (Persero) dengan meramaikan
                                              booth Subholding Upstream dengan berbagai aktivitas menarik. Selain itu, Elnusa juga memaparkan strategi
                                              bisnis melalui talenta unggul, kolaborasi, dan inovasi berkelanjutan.

                                              Elnusa supported the Synergy Recharge Expo 2024 hosted by PT Pertamina (Persero) by enlivening the
                                              Upstream Subholding booth with various engaging activities. Elnusa also showcased its business strategies
                                              driven by outstanding talent, collaboration, and sustainable innovation.



  30 April | April




   Mei| May


                                              Elnusa melalui anak usahanya, PT Elnusa Fabrikasi Konstruksi (EFK), menandatangani kontrak dengan PT
                                              Pertamina Hulu Rokan (PHR) melalui penandatanganan kontrak pengadaan material tubing OCTG beserta
                                              perlengkapan lainnya. Pengadaan ini untuk mendukung aktivitas pengeboran dan produksi migas PHR
                                              sebagai salah satu produsen minyak mentah terbesar di Indonesia.

                                              Elnusa through its subsidiary, PT Elnusa Fabrikasi Konstruksi (EFK), signed a contract with PT Pertamina Hulu
                                              Rokan (PHR) by signing a contract for the procurement of OCTG tubing material and other equipment. This
                                              procurement is to support PHR’s drilling and oil and gas production activities as one of the largest crude oil
                                              producers in Indonesia.

  2 Mei | May




  16     PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                                        KILAS KINERJA 2024
                                                                                                                2024 Performance Highlights




   Mei| May




  3 Mei | May                                     7 Mei | May                                    7 Mei | May


Elnusa menggelar Kick Off Meeting Audit          Elnusa meraih penghargaan “Indonesia 50        Elnusa melaksanakan Program CSR Adiwiyata
Internal Sistem Manajemen Elnusa (SME) dan       Best CSR Awards 2024” dari The Iconomics       Elnusa (ADEL) yang merupakan inisiasi Elnusa
Cross Functional Internal Auditor (CFIA) Tahun   untuk kategori Industri Minyak Mentah &        untuk mendorong kesadaran generasi muda
2024. Audit ini bertujuan untuk mengevaluasi     Gas Alam. Penghargaan ini menjadi bukti        penerus bangsa terhadap lingkungan.
serta meningkatkan kepatuhan terhadap            keberhasilan Elnusa dalam menjalankan
standar ISO dan persyaratan lainnya, dengan      program CSR yang berdampak positif bagi        Elnusa implemented the Adiwiyata Elnusa
melibatkan auditor internal Elnusa serta         masyarakat.                                    (ADEL) CSR Program, which is Elnusa’s
auditor CFIA dari Pertamina khususnya untuk                                                     initiative to encourage awareness of the
audit di bagian share service.                   Elnusa won the “Indonesia 50 Best CSR          nation’s young generation towards the
                                                 Awards 2024” from The Iconomics for the        environment.
Elnusa held a Kick Off Meeting for the 2024      Crude Oil & Natural Gas Industry category.
Elnusa Management System (SME) and Cross         This award is proof of Elnusa’s success in
Functional Internal Auditor (CFIA) Internal      implementing CSR programs that have a
Audit. This audit aims to evaluate and improve   positive impact on society.
compliance with ISO standards and other
requirements, by involving Elnusa’s internal
auditors and Pertamina’s CFIA auditors,
especially for audits in the share service
section.




 15 Mei | May

                                                  15 Mei | May                                   16 Mei | May


Elnusa berhasil lolos seleksi penulisan Jurnal   Elnusa menggelar RUPST Tahun Buku              Elnusa meraih penghargaan The Best
Ilmiah dalam ajang “6th Asia Pacific Meeting     2023 pada 15 Mei 2024 dan menetapkan           Human Capital for Effective and Efficient
on Near Surface Geoscience and Engineering       pembagian dividen sebesar Rp201 miliar atau    Human Capital Management to Strengthen
(NSGE)” yang diselenggarakan oleh European       40% dari laba bersih. Tahun 2023 menjadi       Business Development pada ajang Indonesia
Association of Geoscientists and Engineers       momentum penguatan dan pengembangan            Human Capital Awards 2024. Penghargaan
(EAGE) di Jepang.                                Elnusa dalam mencapai pertumbuhan positif      ini diberikan karena Elnusa dinilai konsisten
                                                 yang berkelanjutan.                            dalam      meningkatkan    kapasitas    SDM
Elnusa successfully passed the selection for                                                    melalui enam aspek utama seperti Strategic
writing a Scientific Journal in the “6th Asia    Elnusa held the 2023 Fiscal Year AGM on May    Alignment, Leadership Quality, dan Change
Pacific Meeting on Near Surface Geoscience       15, 2024 and determined the distribution       Agility.
and Engineering (NSGE)” event organized by       of dividends of IDR 201 billion or 40%
the European Association of Geoscientists and    of net profit. 2023 is the momentum for        Elnusa won the Best Human Capital for
Engineers (EAGE) in Japan.                       strengthening and developing Elnusa in         Effective and Efficient Human Capital
                                                 achieving sustainable positive growth.         Management to Strengthen Business
                                                                                                Development award at the 2024 Indonesia
                                                                                                Human Capital Awards. This award was given
                                                                                                because Elnusa was considered consistent
                                                                                                in increasing HR capacity through six
                                                                                                main aspects such as Strategic Alignment,
                                                                                                Leadership Quality, and Change Agility.




                                                                                               2024 Annual Report PT ELNUSA Tbk                 17
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              2024 Performance Highlights




   Mei| May




    17 Mei | May                                           17 Mei | May                                         18 Mei | May

Elnusa bersama Pertamina Hulu Energi (PHE) Jambi      Elnusa sukses melaksanakan Ground Breaking            Elnusa berpartisipasi dalam acara “Market
Merang melaksanakan Kick-Off Meeting Project          pembangunan Booster Pump Station Kotabatak            Outlook Sharia-Looking Ahead 2H2024” yang
Turn Around Gas Plant Jambi Merang di Semarang        Junction SLC di Kandis, Siak, Riau. Proyek ini        diselenggarakan oleh RHB Sekuritas dan Permata
sebagai langkah penting kegiatan Turn Around          bertujuan di antaranya untuk menjamin pasokan         Syariah. Kegiatan ini bertujuan untuk memberikan
pada fasilitas Gas Plant Sungai Kenawang dan Pulai    gas yang lebih stabil dan andal dengan mengadopsi     edukasi dan pengenalan lebih mendalam terkait
Gading.                                               teknologi terbaru serta mematuhi standar tertinggi    bisnis usaha Elnusa.
                                                      dalam keselamatan dan keberlanjutan lingkungan.
Elnusa together with Pertamina Hulu Energi (PHE)                                                            Elnusa participated in the “Market Outlook Sharia-
Jambi Merang held a Kick-Off Meeting for the Jambi    Elnusa successfully carried out the Ground Breaking   Looking Ahead 2H2024” event organized by RHB
Merang Gas Plant Turn Around Project in Semarang      for the construction of the Booster Pump Station      Sekuritas and Permata Syariah. This activity aims
as an important step in the Turn Around activity at   Kotabatak Junction SLC in Kandis, Siak, Riau. This    to provide education and deeper introduction to
the Sungai Kenawang and Pulai Gading Gas Plant        project aims to ensure a more stable and reliable     Elnusa’s business.
facilities.                                           gas supply by adopting the latest technology and
                                                      complying with the highest standards in safety and
                                                      environmental sustainability.




       20 Mei | May                                       27 Mei | May                                          29 Mei | May

Elnusa menandatangani kontrak perjanjian Drilling     Elnusa berhasil meraih penghargaan “Best Sukuk        Elnusa meraih Penghargaan Transparansi &
Support Services senilai total USD106 juta, yang      Syariah” dalam ajang Ekonomi Syariah 2024 yang        Penurunan Emisi Korporasi Terbaik Kategori Green
merupakan sinergi Subholding Upstream Pertamina       diselenggarakan oleh B-Universe. Penghargaan ini      & Silver versi Investortrust & Bumi Global Karbon
serta dilaksanakan di wilayah Regional 2 yaitu        diberikan atas kinerja Sukuk Ijarah Berkelanjutan I   Foundation. Penghargaan ini merupakan bukti nyata
PT Pertamina Hulu Energi OSES dan PT Pertamina        Elnusa Tahap I Tahun 2020 yang dinilai unggul dari    dan hasil kerja keras Elnusa dalam memprioritaskan
Hulu Energi ONWJ.                                     segi fundamental, likuiditas transaksi, dan potensi   keberlanjutan dan tanggung jawab lingkungan.
                                                      keuntungan bagi investor.
Elnusa signed a Drilling Support Services                                                                   Elnusa won the Best Corporate Transparency
agreement worth a total of USD106 million, which      Elnusa won the “Best Sukuk Syariah” award             & Emission Reduction Award in the Green &
is a synergy of Pertamina’s Upstream Subholding       at the 2024 Sharia Economy event organized            Silver Category from Investortrust & Bumi Global
and is implemented in Regional 2, namely              by B-Universe. This award was given for the           Karbon Foundation. This award is real evidence
PT Pertamina Hulu Energi OSES and PT Pertamina        performance of Elnusa’s Sustainable Sukuk Ijarah I    and the result of Elnusa’s hard work in prioritizing
Hulu Energi ONWJ.                                     Phase I of 2020 which was considered superior in      sustainability and environmental responsibility.
                                                      terms of fundamentals, transaction liquidity, and
                                                      potential profits for investors.




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                                                                                                                                                KILAS KINERJA 2024
                                                                                                                                        2024 Performance Highlights




   Juni | June




    10 Juni | June                                                 11 Juni | June                                           19 Juni | June

Elnusa, melalui anak usahanya Elnusa Petrofin                Elnusa terus menunjukkan komitmen tanggung                Elnusa berpartisipasi dalam Pertamina Investor
(EPN), memperkokoh sinergi ONE Pertamina dengan              jawab sosial perusahaan salah satunya melalui             Day 2024 yang mengusung tema “Optimizing
menggelar penandatanganan nota kesepahaman                   program pembangunan masyarakat berkelanjutan              Sustainable Growth.” Kegiatan ini menjadi ajang
bersama PT Pertamina Lubricants (PTPL) untuk                 di Desa Sumengko, Kalitidu, Bojonegoro. Program           strategis untuk memperkuat hubungan dengan
kerja sama di bidang Specialty Chemical khususnya            ini mengembangkan budidaya tanaman toga yang              investor melalui pemaparan kinerja dan prospek
produk Perta                                                 diolah menjadi minuman herbal bernama “Cenayu,”           bisnis Elnusa kepada investor, analis pasar modal,
Series.                                                      guna memberikan manfaat ekonomi nyata bagi                kreditur, dan mitra bisnis.
                                                             masyarakat setempat.
Elnusa, through its subsidiary Elnusa Petrofin (EPN),                                                                  Elnusa participated in Pertamina Investor Day 2024
strengthened the ONE Pertamina synergy by holding            Elnusa continues to demonstrate its commitment            which carried the theme “Optimizing Sustainable
a signing of a memorandum of understanding with              to corporate social responsibility, one of which is       Growth.” This activity is a strategic event to
PT Pertamina Lubricants (PTPL) for cooperation in            through a sustainable community development               strengthen relations with investors through the
the Specialty Chemical sector, especially the Perta          program in Sumengko Village, Kalitidu, Bojonegoro.        presentation of Elnusa’s performance and business
Series products.                                             This program develops the cultivation of herbal           prospects to investors, capital market analysts,
                                                             plants that are processed into herbal drinks called       creditors, and business partners.
                                                             “Cenayu,” in order to provide real economic
                                                             benefits to the local community.



                                                        Elnusa melalui anak usahanya, PT Sigma Cipta Utama (SCU), sukses mengembangkan dan menginstalasi perangkat
                                                        Portable Well Test bernama Geoflowtest untuk PT Pertamina Geothermal Energy (PGE) di Karaha. Teknologi ini
                                                        memungkinkan pengujian kapasitas produksi sumur geothermal secara real time dan merupakan kontribusi SCU
                                                        dalam mendukung digitalisasi energi baru terbarukan yang berkelanjutan.

                                                        Elnusa through its subsidiary, PT Sigma Cipta Utama (SCU), successfully developed and installed a Portable Well
                                                        Test device called Geoflowtest for PT Pertamina Geothermal Energy (PGE) in Karaha. This technology allows testing
                                                        of geothermal well production capacity in real time and is SCU’s contribution in supporting the digitalization of
                                                        sustainable new renewable energy.



 21 Juni | June


                                                        Elnusa menandatangani MoU kerja sama luar negeri bersama PT Pertamina Internasional Eksplorasi dan Produksi
                                                        (PIEP) dan Pertamina Drilling Services Indonesia (PDSI) di Bali. Kolaborasi ini bertujuan untuk memperkuat sinergi
                                                        anak usaha hulu dalam menjajaki peluang bisnis internasional, khususnya di sektor migas. Salah satu fokus
                                                        utamanya adalah meningkatkan keterlibatan dengan Directorate General of Petroleum Contract License (PCLD) di
                                                        Kementerian Perminyakan Irak.

                                                        Elnusa signed an MoU on overseas cooperation with PT Pertamina Internasional Eksplorasi dan Produksi (PIEP) and
                                                        Pertamina Drilling Services Indonesia (PDSI) in Bali. This collaboration aims to strengthen the synergy of upstream
                                                        subsidiaries in exploring international business opportunities, especially in the oil and gas sector. One of the main
                                                        focuses is to increase engagement with the Directorate General of Petroleum Contract License (PCLD) at the Iraqi
                                                        Ministry of Oil.
 24 Juni | June




                                                                                                                     2024 Annual Report PT ELNUSA Tbk                  19
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              2024 Performance Highlights




   Juni | June




     26 Juni | June                                        27 Juni | June                                         28 Juni | June

Elnusa kembali melanjutkan langkah menuju net          PT Pertamina Geothermal Energy Tbk (PGE) bersama       PT Sigma Cipta Utama (SCU), anak usaha PT Elnusa
zero emission (NZE) pada tahun 2060 melalui            dengan Elnusa, PertaMC, dan PGAS Solution melalui      Tbk, resmi meluncurkan aplikasi Roc@t Pro yang
kegiatan Corporate Social Responsibility (CSR)         Joint Study Agreement (JSA), mengembangkan             mengintegrasikan layanan asset management
Green Action melalui aksi Penanaman 100 Pohon          teknologi dan memproduksi komponen utama               dan inventory management guna mendukung
Trembesi di Fuel Terminal Tembilahan.                  pembangkit listrik panas bumi dalam negeri, guna       digitalisasi penuh dalam proses bisnis.
                                                       memperkuat transisi energi nasional.
Elnusa continues its steps towards net zero                                                                   PT Sigma Cipta Utama (SCU), a subsidiary of PT
emission (NZE) by 2060 through Corporate Social        PT Pertamina Geothermal Energy Tbk (PGE)               Elnusa Tbk, officially launched the Roc@t Pro
Responsibility (CSR) Green Action activities through   together with Elnusa, PertaMC, and PGAS Solution       application which integrates asset management
the Planting of 100 Rain Trees at the Tembilahan       through a Joint Study Agreement (JSA), develops        and inventory management services to support full
Fuel Terminal.                                         technology and produces the main components            digitalization in business processes.
                                                       of domestic geothermal power plants, in order to
                                                       strengthen the national energy transition.




   Juli | July




    2 Juli | July                                           3 Juli | July                                         4 Juli | July

Elnusa melalui PT Sigma Cipta Utama (SCU),             Elnusa      menunjukkan      komitmen      terhadap    Elnusa turut berpartisipasi aktif dalam acara Pre
berkontribusi dalam pelestarian hiu paus di Taman      pelestarian lingkungan dengan berpartisipasi           Indonesian Oil & Gas Supply Chain Management
Nasional Teluk Cenderawasih, Papua Tengah,             dalam peringatan Hari Lingkungan Hidup, Hari Laut      (IOG SCM & NCB) Summit 2024 yang diselenggarakan
melalui teknologi tagging untuk identifikasi dan       Sedunia, dan Bulan Cinta Laut Tahun 2024. Kegiatan     oleh SKK Migas bersama Kontraktor Kontrak Kerja
monitoring, dengan berkolaborasi CSR antara            ini dilaksanakan di Pantai Eretan Wetan, Kecamatan     Sama (KKKS) di Batam, Kepulauan Riau. Acara ini
Pertamina Foundation, PT Pertamina Internasional       Kandang Haur, Kabupaten Indramayu, Jawa Barat.         merupakan bagian dari IOG SCM Summit 2024 yang
Shipping, dan PT Pertamina (Persero).                                                                         bertujuan untuk meningkatkan kolaborasi dan daya
                                                       Elnusa demonstrated its commitment to                  saing industri hulu migas Indonesia.
Elnusa through PT Sigma Cipta Utama (SCU),             environmental preservation by participating in
contributes to the conservation of whale sharks in     the commemoration of World Environment Day,            Elnusa actively participated in the Pre Indonesian
Teluk Cenderawasih National Park, Central Papua,       World Ocean Day, and Sea Love Month in 2024.           Oil & Gas Supply Chain Management (IOG SCM &
through tagging technology for identification          This activity was carried out at Eretan Wetan Beach,   NCB) Summit 2024 event organized by SKK Migas
and monitoring, with CSR collaboration between         Kandang Haur District, Indramayu Regency, West         together with the Cooperation Contract Contractors
Pertamina Foundation, PT Pertamina International       Java.                                                  (KKKS) in Batam, Riau Islands. This event is part
Shipping, and PT Pertamina (Persero).                                                                         of the IOG SCM Summit 2024 which aims to
                                                                                                              improve collaboration and competitiveness of the
                                                                                                              Indonesian upstream oil and gas industry.




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   Juli | July




    9 Juli | July                                        12 Juli | July                                             15 Juli | July

Elnusa menyelenggarakan acara Vendor Annual          Elnusa Kick-Off Journalistic Award 2024. Kegiatan ini     Elnusa menghadiri acara Synergy Forum Subholding
Meeting 2024 yang mengusung tema “Collaborative      merupakan salah satu rangkaian Hari Ulang Tahun           Upstream 2024 dan menandatangani synergy
Partnership for Business Sustainability.” Vendor     ke-55 Elnusa, dengan tema ‘Energizing the Nation          commitment sebagai bentuk komitmen Elnusa
Annual Meeting 2024 ini merupakan komitmen           through Sustainable Energy Solutions’.                    untuk bersinergi antara Subholding Upstream
Elnusa dalam memperkuat kolaborasi dengan para                                                                 Pertamina.
mitra kerja/vendor untuk keberlanjutan bisnis yang   Elnusa Kick-Off Journalistic Award 2024. This activity
lebih baik.                                          is part of a series of Elnusa’s 55th Anniversary,         Elnusa attended the Synergy Forum Subholding
                                                     with the theme ‘Energizing the Nation through             Upstream 2024 event and signed a synergy
Elnusa held the 2024 Vendor Annual Meeting           Sustainable Energy Solutions’.                            commitment as a form of Elnusa’s commitment
with the theme “Collaborative Partnership for                                                                  to synergize between Pertamina’s Upstream
Business Sustainability.” The 2024 Vendor Annual                                                               Subholding.
Meeting is Elnusa’s commitment to strengthening
collaboration with partners/vendors for better
business sustainability.




                                                     Elnusa resmi memulai Elnusa Leader Development Program (ELDP) 2024 yang diikuti oleh 60 Perwira Elnusa
                                                     level manajerial terpilih. Program ini menggandeng Rindam Jayakarta untuk memperkuat nilai kepemimpinan
                                                     para peserta.

                                                     Elnusa officially started the Elnusa Leader Development Program (ELDP) 2024 which was attended by 60
                                                     selected managerial level Elnusa Officers. This program collaborates with Rindam Jayakarta to strengthen the
                                                     leadership values of the participants.



    19 Juli | July




                                                     Elnusa kembali mencatatkan prestasi dengan meraih penghargaan dalam kategori BUMN & Anak Perusahaan
                                                     BUMN Tbk Pilar Lingkungan (Gold) pada TJSL & CSR Award 2024.

                                                     Elnusa again recorded an achievement by winning an award in the BUMN & BUMN Tbk Subsidiary
                                                     Environmental Pillar (Gold) category at the 2024 TJSL & CSR Award.




     30 Juli | July




                                                     Elnusa meraih 2 (dua) penghargaan Employee Experience Awards 2024 sebagai Best Management
                                                     Training Programme Kategori Bronze dari Human Resources Online Singapore dan Excellence in Leadership
                                                     Development Kategori Silver dari Human Resources Online Indonesia.

                                                     Elnusa won 2 (two) Employee Experience Awards 2024 as the Best Management Training Programme in the
                                                     Bronze Category from Human Resources Online Singapore and Excellence in Leadership Development in the
                                                     Silver Category from Human Resources Online Indonesia.


     19 Juli | July




                                                                                                              2024 Annual Report PT ELNUSA Tbk             21
Page 24
              KILAS KINERJA 2024
              2024 Performance Highlights




   Juli | July




    31 Juli | July                                          31 Juli | July

Elnusa menggelar Opening Meeting Surveillance           Elnusa mengadakan acara Analyst & Media Meeting
ISO 37001:2016 guna memastikan keberlanjutan            untuk memaparkan Kinerja Semester I 2024
penerapan sistem manajemen anti penyuapan               yang bertujuan memperkuat hubungan dengan
serta menjaga integritas perusahaan. Kegiatan           analis serta media sebagai salah satu stakeholder,
ini bertujuan untuk menilai implementasi serta          sekaligus sebagai media penyampaian informasi
kepatuhan terhadap standar anti penyuapan ISO           terkini mengenai kinerja perusahaan.
37001:2016, serta mengidentifikasi area-area yang
memerlukan perbaikan.                                   Elnusa held an Analyst & Media Meeting to present
                                                        the Performance of Semester I 2024 which aims to
Elnusa held an ISO 37001:2016 Surveillance              strengthen relations with analysts and the media
Opening Meeting to ensure the sustainability of the     as one of the stakeholders, as well as a medium
implementation of the anti-bribery management           for delivering the latest information regarding the
system and maintain the integrity of the company.       company’s performance.
This activity aims to assess the implementation
and compliance with the ISO 37001:2016 anti-
bribery standard, as well as identify areas that need
improvement.




   Agustus | August




    9 Agustus | August                                       12 Agustus | August                                  15 Agustus | August

Elnusa meraih 2 penghargaan dalam Public Relations      Elnusa melalui Anak Usahanya PT Elnusa                Elnusa kembali menunjukkan komitmennya dalam
Award 2024 yang diselenggarakan oleh The                Petrofin (EPN) bersama dengan Komite Nasional         keberlanjutan lingkungan melalui kegiatan Green
Iconomics, yakni Public Relation Popular Companies      Keselamatan Transportasi (KNKT) mengadakan            Action Mangrove Conservation, yang merupakan
Award 2024 & Public Relation Person Award 2024          KickOff Program Review Mitigasi Risiko Keselamatan    bagian dari upaya Elnusa dalam melestarikan
yang merupakan bentuk apresiasi terhadap dedikasi       dan Rekomendasi Teknis Perbaikan terhadap             ekosistem mangrove guna menjaga keseimbangan
dan kerja keras Elnusa dalam menjalankan fungsi         kegiatan operasional transportasi BBM yang dikelola   lingkungan serta sebagai salah satu kegiatan dari
Public Relations secara konsisten dan efektif selama    oleh Elnusa Petrofin.                                 rangkaian menyambut Hari Ulang Tahun ke-55
tahun 2023.                                                                                                   Elnusa.
                                                        Elnusa through its subsidiary PT Elnusa Petrofin
Elnusa won 2 awards in the 2024 Public Relations        (EPN) together with the National Transportation       Elnusa again demonstrated its commitment to
Award organized by The Iconomics, namely the            Safety Committee (KNKT) held a KickOff Program        environmental sustainability through the Green
Public Relations Popular Companies Award 2024           Review of Safety Risk Mitigation and Technical        Action Mangrove Conservation activity, which is
& Public Relations Person Award 2024 which are          Recommendations for Improvement of the                part of Elnusa’s efforts to preserve the mangrove
a form of appreciation for Elnusa’s dedication and      operational activities of fuel transportation         ecosystem in order to maintain environmental
hard work in carrying out the Public Relations          managed by Elnusa Petrofin.                           balance and as one of the activities in a series of
function consistently and effectively during 2023.                                                            events to welcome Elnusa’s 55th Anniversary.




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                                                                                                                                        KILAS KINERJA 2024
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   Agustus | August




    19 Agustus | August                                       27 Agustus | August                                    28 Agustus | August

Elnusa     terus   berkomitmen      meningkatkan         Elnusa melalui PT Elnusa Fabrikasi Konstruksi (EFK)    Elnusa terus mengembangkan inovasi produk
kompetensi karyawan melalui berbagai inisiatif           meraih 3 penghargaan dalam ajang Indonesia Safety      dengan meluncurkan versi terbaru dari Semen
strategis, salah satunya dengan assessment               Excellence Award 2024 (ISEA 2024), yakni The Best      Slurry Merah Putih untuk cementing job. Formulasi
kompetensi teknis yang dimulai sejak 2023. Inisiatif     Safety Program, The Best Safety Management in          ini dirancang khusus untuk menutup zona shallow
strategis ini semakin kuat dengan dilakukannya           BUMN Company dan penghargaan individu kepada           gas dan mengontrol tekanan sumur dengan
penandatanganan kerja sama bersama Universitas           Direktur EFK, Ari Wijaya dengan kategori The Best      performa teknis yang lebih baik, seperti compressive
Pertamina, yang memiliki pengalaman dan sumber           CEO Committed to Occupational Safety & Health          strength lebih tinggi dan slurry yang lebih mudah
daya dalam bidang pendidikan yang tidak hanya            (OSH) Culture.                                         dipompakan. Selain unggul secara teknis, produk ini
terbatas pada industri oil and gas, tetapi juga                                                                 juga menawarkan harga yang lebih ekonomis untuk
manajemen dan bidang lainnya.                            Elnusa through PT Elnusa Fabrikasi Konstruksi (EFK)    menjangkau pasar yang lebih luas.
                                                         won 3 awards in the Indonesia Safety Excellence
Elnusa continues to commit to improving employee         Award 2024 (ISEA 2024), namely The Best Safety         Elnusa continues to develop product innovation
competency through various strategic initiatives,        Program, The Best Safety Management in BUMN            by launching the latest version of Semen Slurry
one of which is through technical competency             Company and an individual award to EFK Director,       Merah Putih for cementing jobs. This formulation
assessments starting in 2023. This strategic             Ari Wijaya with the category of The Best CEO           is specifically designed to close shallow gas zones
initiative is further strengthened by the signing of a   Committed to Occupational Safety & Health (OSH)        and control well pressure with better technical
cooperation agreement with Pertamina University,         Culture.                                               performance, such as higher compressive strength
which has experience and resources in the field of                                                              and easier-to-pump slurry. In addition to being
education that is not only limited to the oil and gas                                                           technically superior, this product also offers a more
industry, but also management and other fields.                                                                 economical price to reach a wider market.




                                                         Elnusa menyelenggarakan acara “ESG Evolution: Transformasi Menuju Keberlanjutan” sebagai bagian dari
                                                         perayaan HUT ke-55 Elnusa, yang bertujuan untuk memperkuat implementasi prinsip Environmental, Social,
                                                         and Governance (ESG) dalam melaksanakan operasional Perusahaan dalam hal berkontribusi menjaga
                                                         lingkungan, meningkatkan kesejahteraan sosial & menerapkan tata kelola perusahaan yang baik.

                                                         Elnusa held the event “ESG Evolution: Transformation Towards Sustainability” as part of Elnusa’s 55th
                                                         Anniversary celebration, which aims to strengthen the implementation of Environmental, Social, and
                                                         Governance (ESG) principles in carrying out the Company’s operations in terms of contributing to protecting
                                                         the environment, improving social welfare & implementing good corporate governance.

     30 Agustus | August




   September | September


                                                         Elnusa mendukung penuh peluncuran program ONE SIKA SHU, yang bertujuan menyatukan sistem izin kerja
                                                         di seluruh entitas Pertamina SHU, meningkatkan efisiensi operasional serta memastikan penerapan standar
                                                         keselamatan yang konsisten di berbagai wilayah operasional.

                                                         Elnusa fully supports the launch of the ONE SIKA SHU program, which aims to unify the work permit system
                                                         across Pertamina SHU entities, improve operational efficiency and ensure consistent implementation of
                                                         safety standards in various operational areas.



    2 September | September




                                                                                                               2024 Annual Report PT ELNUSA Tbk               23
Page 26
              KILAS KINERJA 2024
              2024 Performance Highlights




      September | September




     9 September | September                                20 September | September                                   23 September | September

Perayaan acara HUT Elnusa yang menampilkan              Elnusa meraih penghargaan bergengsi dalam                  Elnusa melaksanakan survei seismik perdana
rangkaian acara seperti Elnusa Olympic (EN-Lympic),     ajang Media Relations Awards 2024 (MRA) yang               di area konsesi tambang batu bara PT Wahana
berbagai sharing session, Elnusa Journalistic Award,    diselenggarakan oleh Serikat Perusahaan Pers (SPS).        Baratama Mining (member of Bayan Group)
Elnusa Dance Competition, Elnusa Idol, Stand Up         Elnusa dinobatkan sebagai salah satu pemenang              di Kabupaten Tanah Laut, Kalimantan Selatan,
Comedy Elnusa, beasiswa anak pekerja Elnusa             dalam Sub Kategori Program Press Gathering, yang           dengan mengedepankan teknologi mutakhir untuk
berprestasi dan kegiatan sosial dan lingkungan.         menjadi bagian dari penghargaan ke-78 SPS.                 menghasilkan data eksplorasi yang akurat, efisien,
                                                                                                                   dan ramah lingkungan.
Elnusa’s anniversary celebration featured a series of   Elnusa won a prestigious award in the Media
events such as Elnusa Olympic (EN-Lympic), various      Relations Awards 2024 (MRA) organized by the               Elnusa conducted its first seismic survey in the coal
sharing sessions, Elnusa Journalistic Award, Elnusa     Press Company Union (SPS). Elnusa was named one            mining concession area of PT Wahana Baratama
Dance Competition, Elnusa Idol, Stand Up Comedy         of the winners in the Press Gathering Program Sub          Mining (member of Bayan Group) in Tanah Laut
Elnusa, scholarships for outstanding Elnusa workers     Category, which is part of the 78th SPS Awards.            Regency, South Kalimantan, by prioritizing the
and social and environmental activities.                                                                           latest technology to produce accurate, efficient and
                                                                                                                   environmentally friendly exploration data.




                                                        Elnusa, bersama dengan PT Pertamina Geothermal Energy Tbk (PGE), memperkuat sinergi melalui kolaborasi
                                                        strategis di ajang Indonesia International Geothermal Convention & Exhibition (IIGCE) 2024, untuk
                                                        mempercepat pengembangan energi panas bumi di Indonesia, dalam mendukung ketahanan energi nasional
                                                        serta mencapai target transisi energi menuju net zero emission pada tahun 2060.

                                                        Elnusa, together with PT Pertamina Geothermal Energy Tbk (PGE), strengthen synergy through strategic
                                                        collaboration at the Indonesia International Geothermal Convention & Exhibition (IIGCE) 2024, to accelerate
                                                        the development of geothermal energy in Indonesia, in supporting national energy security and achieving the
                                                        energy transition target towards net zero emission by 2060.
     24 September | September




                                                        Elnusa turut berpartisipasi aktif dalam Pekan Ilmiah Tahunan Himpunan Ahli Geofisika Indonesia (HAGI) 49th
                                                        Annual Scientific Meeting dengan tema “Shaping Sustainable Futures through Geophysical Insight” pada 23-
                                                        26 September 2024, di Padang, Sumatra Barat.

                                                        Elnusa actively participated in the Association of Indonesian Geophysicists (HAGI) 49th Annual Scientific Meeting
                                                        with the theme “Shaping Sustainable Futures Through Geophysical Insight” on September 23–26, 2024,
                                                        in Padang, West Sumatra.


     26 September | September




                                                        Elnusa melalui anak usahanya, PT Elnusa Petrofin (EPN) unit bisnis Chemical, berhasil meraih penghargaan
                                                        atas pencapaian teknologi inovatif dengan produksi sumur terbesar dalam program No-Cure-No-Pay (NCNP),
                                                        yang diberikan pada acara Technology Day & Business Forum 2024 oleh Pertamina Sub Holding Upstream.

                                                        Elnusa through its subsidiary, PT Elnusa Petrofin (EPN) Chemical business unit, successfully won an award for
                                                        innovative technology achievement with the largest well production in the No-Cure-No-Pay (NCNP) program,
                                                        which was given at the Technology Day & Business Forum 2024 event by Pertamina Sub Holding Upstream.


     30 September | September




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                                                                                                                                      KILAS KINERJA 2024
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   Oktober | October




 8 Oktober | October                                     10 Oktober | October                                         10 Oktober | October

Elnusa Group menunjukkan komitmen                  AOC Elnusa group turut berpartisipasi aktif dalam                Elnusa turut berpartisipasi aktif dalam Pekan
inovasinya melalui sinergi antar anak              acara-acara upskilling AOC SHU salah satunya adalah              Ilmiah Tahunan Ikatan Ahli Geologi Indonesia
perusahaan      dengan     merampungkan            rangkaian acara “Akselerasi Program Living Core                  (IAGI) ke-53 (IAGI 53rd Annual Scientific
manufaktur 2 unit mobil tangki BBM 16              Values AKHLAK Subholding Upstream 2024.”                         Meeting Convention and Exhibition) dengan
KL oleh PT Elnusa Fabrikasi Konstruksi                                                                              tema “Fostering Sustainable Prosperity:
(EFK) untuk PT Elnusa Petrofin (EPN), yang         AOC Elnusa Group actively participates in AOC SHU                Geological Role in Unlocking Economic
memperkuat posisi EPN sebagai mitra                upskilling events, one of which is the series of events          Potential & Transformation Energy for the
penyalur BBM Pertamina Patra Niaga                 “Acceleration of the Living Core Values Program                  Advancement of 2045 Golden Indonesia
sekaligus mencerminkan kekuatan kolaborasi         AKHLAK Subholding Upstream 2024.”                                Version,”
internal grup.
                                                                                                                    Elnusa actively participated in the 53rd Annual
Elnusa Group demonstrates its commitment                                                                            Scientific Meeting Convention and Exhibition
to innovation through synergy between                                                                               of the Indonesian Geological Association
subsidiaries by completing the manufacturing                                                                        (IAGI) with the theme “Fostering Sustainable
of 2 units of 16 KL fuel tankers by PT Elnusa                                                                       Prosperity: Geological Role in Unlocking
Fabrikasi Konstruksi (EFK) for PT Elnusa                                                                            Economic Potential & Transformation
Petrofin (EPN), which strengthens EPN’s                                                                             Energy for the Advancement of 2045 Golden
position as a fuel distribution partner of                                                                          Indonesia Version”
Pertamina Patra Niaga while reflecting the
strength of the group’s internal collaboration.




 11 Oktober | October                                    11 Oktober | October                                         11 Oktober | October

Elnusa, kembali menorehkan prestasi dengan         Elnusa meningkatkan teknologi Wireline Logging             Elnusa sukses melaksanakan Audit HSSE
meraih penghargaan Indonesia Annual Report         Service dengan mengakuisisi alat Ultrasonic dan            Management         System     berbasis     SUPREME
Award (IARA) III 2024. Penghargaan ini diberikan   Electric Cutting Tools terbaru untuk mendukung             (Sustainability Pertamina Expectations for HSSE
atas keunggulan Elnusa dalam penyusunan            operasional pengeboran dan workover di wilayah             Management Excellence) 2024, sebagai komitmen
Laporan Tahunan 2023 yang mencerminkan kinerja     kerja Pertamina Hulu Energi. Teknologi ini akan            dalam mengintegrasikan praktik-praktik HSSE
perusahaan secara transparan dan akuntabel         meningkatkan akurasi evaluasi well integrity dan           terbaik secara sistematis dan terstruktur.
kepada publik.                                     diharapkan mulai digunakan pada awal 2025 guna
                                                   mendorong produktivitas sumur migas.                       Elnusa successfully implemented the HSSE
Elnusa made another achievement by winning the                                                                Management System Audit based on SUPREME
Indonesia Annual Report Award (IARA) III 2024.     Elnusa improves its Wireline Logging Service               (Sustainability Pertamina Expectations for HSSE
This award was given for Elnusa’s excellence in    technology by acquiring the latest Ultrasonic              Management Excellence) 2024, as a commitment
preparing the 2023 Annual Report, which reflects   and Electric Cutting Tools to support drilling             to integrating the best HSSE practices systematically
the Company’s performance transparently and        and workover operations in the Pertamina Hulu              and structured.
accountably to the public.                         Energi work area. This technology will improve
                                                   the accuracy of well integrity evaluations and is
                                                   expected to be used in early 2025 to boost oil and
                                                   gas well productivity.




                                                                                                             2024 Annual Report PT ELNUSA Tbk               25
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              KILAS KINERJA 2024
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   Oktober | October




    21 Oktober | October                                    21 Oktober | October                                    24 Oktober | October

Elnusa Turut Berpartisipasi dalam Seminar               Elnusa menggelar Opening Forum Presentasi               Elnusa, sukses menyelenggarakan Forum Sharing
Pengenalan Industri Migas Kepada Mahasiswa              Continuous Improvement Program (CIP) Elnusa             Continuous Improvement Program (CIP) Elnusa
Baru Universitas Islam Riau Elnusa ikut serta           Group 2024 dengan mengusung tema “Driving               Group 2024 yang mempertemukan ide dan inovasi
dalam Seminar Pengenalan Industri Migas Kepada          Innovation, Delivering Excellence for Sustainable       dari berbagai tim di Elnusa Group sebagai bentuk
Mahasiswa Baru di Universitas Islam Riau (UIR),         Business,” dengan harapan dapat terus mendorong         komitmen perusahaan untuk terus berinovasi dan
Pekanbaru, Riau.                                        inovasi dan perbaikan dalam operasional dan bisnis      meningkatkan keunggulan operasional.
                                                        Perusahaan.
Elnusa Participates in the Seminar Introduction to                                                              Elnusa, successfully held the Elnusa Group
the Oil and Gas Industry to New Students at the         Elnusa held the Opening Forum Presentation of           2024 Continuous Improvement Program (CIP)
Islamic University of Riau Elnusa participated in the   the Continuous Improvement Program (CIP) Elnusa         Sharing Forum which brought together ideas and
Seminar on Introduction to the Oil and Gas Industry     Group 2024 with the theme “Driving Innovation,          innovations from various teams in the Elnusa Group
to New Students at the Islamic University of Riau       Delivering Excellence for Sustainable Business,” with   as a form of the company’s commitment to continue
(UIR), Pekanbaru, Riau.                                 the hope of continuing to encourage innovation and      innovating and improving operational excellence.
                                                        improvement in the Company’s operations and
                                                        business.




     26 Oktober | October                                   28 Oktober | October                                    28 Oktober | October

Elnusa, berhasil meraih penghargaan Vyatra              Elnusa       melalui        anak         usahanya       Elnusa melalui anak usahanya PT Elnusa Fabrikasi
Bala Madya atas kontribusi signifikan dalam             PT Sigma Cipta Utama berhasil meraih akreditasi         Konstruksi menerima kunjungan benchmarking
pengembangan pendidikan, penelitian, dan                bidang penataan arsip dengan kualifikasi AA             dari peserta Program Perjenjangan Kepemimpinan
pengabdian masyarakat. Penghargaan ini menjadi          (Istimewa) dari Arsip Nasional Republik Indonesia       Pratama BPJS Kesehatan.
bukti nyata dedikasi Elnusa dalam mempromosikan         (ANRI).
inovasi dan nilai-nilai positif di masyarakat.                                                                  Elnusa through its subsidiary PT Elnusa Fabrikasi
                                                        Elnusa         through          its      subsidiary     Konstruksi received a benchmarking visit from
Elnusa, successfully won the Vyatra Bala                PT Sigma Cipta Utama successfully achieved              participants of the BPJS Kesehatan Primary
Madya award for its significant contribution in         accreditation in the field of archive management        Leadership Development Program.
the development of education, research, and             with AA (Excellent) qualification from the National
community service. This award is real evidence of       Archives of the Republic of Indonesia (ANRI).
Elnusa’s dedication in promoting innovation and
positive values in society.




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   Oktober | October


                                                          Elnusa meraih penghargaan dalam ajang Indonesia BUMN Awards 2024 yang diselenggarakan oleh Warta
                                                          Ekonomi, semakin mengukuhkan Elnusa sebagai perusahaan yang konsisten mendorong inovasi untuk
                                                          memperkuat pertumbuhan dan ketahanan bisnis di tengah tantangan industri energi.

                                                          Elnusa won an award at the 2024 Indonesia BUMN Awards held by Warta Ekonomi, further establishing
                                                          Elnusa as a company that consistently drives innovation to strengthen business growth and resilience amidst
                                                          the challenges of the energy industry.


      31 Oktober | October




                                                          Dalam ajang Stellar Workplace Award 2024, Elnusa menerima penghargaan di dua kategori bergengsi, yaitu
                                                          “Stellar Workplace Recognition in Employee Commitment” dan “Stellar Workplace Recognition in Employee
                                                          Satisfaction”, yang menjadi bukti komitmen Elnusa dalam menciptakan lingkungan kerja yang mengutamakan
                                                          keterlibatan dan kesejahteraan karyawan sebagai pondasi menuju keberhasilan bisnis yang berkelanjutan.

                                                          At the 2024 Stellar Workplace Award, Elnusa received awards in two prestigious categories, namely “Stellar
                                                          Workplace Recognition in Employee Commitment” and “Stellar Workplace Recognition in Employee
                                                          Satisfaction”, which is proof of Elnusa’s commitment to creating a work environment that prioritizes employee
                                                          involvement and welfare as a foundation for sustainable business success.

      31 Oktober | October




   November | November




 4 November | November                                         4 November | November                                       5 November | November

Elnusa melalui anak usahanya PT Elnusa           Elnusa bersama dengan Pertamina Hulu Energi (PHE) dan Pertamina EP         Elnusa melanjutkan komitmen terhadap
Fabrikasi Konstruksi (EFK) resmi melepas         (PEP) telah sukses menyelesaikan survei seismik 2D Amalia - 2D Amalia      kepedulian lingkungan melalui aksi bersih
mayoritas kepemilikan sahamnya di PT             Extension yang merupakan wilayah kerja dari Pertamina Hulu Rokan           pantai bertajuk Clean Coastal Action yang
Elnusa Daya Kreatif (EDK) kepada PT Elnusa       (PHR) Regional 1 Sumatera Zona 4, di Kabupaten Ogan Komering Ulu           diadakan di Pantai Medaksa, Cilegon,
Petrofin (EPN), sebagai bagian dari strategi                                                                                Banten. Kegiatan ini merupakan langkah
perusahaan        untuk    mengoptimalkan        Elnusa together with Pertamina Hulu Energi (PHE) and Pertamina EP          nyata dalam keberlanjutan kampanye
portofolio bisnis sekaligus memperkuat           (PEP) have successfully completed the 2D Amalia seismic survey - 2D        #noplasticisfantastic yang diluncurkan
posisi strategis kedua perusahaan di sektor      Amalia Extension which is the working area of Pertamina Hulu Rokan         pada perayaan HUT ke-55 Elnusa.
energi.                                          (PHR) Regional 1 Sumatra Zone 4, in Ogan Komering Ulu Regency (OKU),
                                                 South Sumatra.                                                             Elnusa continues its commitment to
Elnusa through its subsidiary PT Elnusa                                                                                     environmental awareness through a beach
Fabrikasi Konstruksi (EFK) officially released                                                                              clean-up action entitled Clean Coastal
the majority of its share ownership in PT                                                                                   Action held at Medaksa Beach, Cilegon,
Elnusa Daya Kreatif (EDK) to PT Elnusa                                                                                      Banten. This activity is a real step in the
Petrofin (EPN), as part of the company’s                                                                                    sustainability of the #noplasticisfantastic
strategy to optimize its business portfolio                                                                                 campaign launched at the celebration of
while strengthening the strategic position                                                                                  Elnusa’s 55th Anniversary.
of both companies in the energy sector.




                                                                                                                2024 Annual Report PT ELNUSA Tbk                27
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   November | November




    13 November | November                                     18 November | November                             26 November | November

Elnusa, melalui anak usahanya PT Elnusa Petrofin          Elnusa kembali meluncurkan inovasi terbaru di        Elnusa kembali mengadakan Elnusa Contractors
(EPN), bersama dengan PT Pertamina Patra                  bidang teknologi geofisika, yaitu Perangkat 3D       HSSE Meeting (ENCORE) 2024 dengan tema
Niaga menggelar acara Signing Ceremony untuk              Surface-Borehole Tomography Induced Polarization     “Accelerating Strategic Partnership for HSSE
Perjanjian Layanan Jangka Panjang (Long-Term              & Resistivity dan Magnetotelluric, yang untuk        Excellence & Sustainable Business”.
Service Agreement atau LTSA) terkait Preventive           mendukung eksplorasi dan pengembangan energi
Maintenance Trucktive Refueller and Tire                  baru terbarukan, khususnya dalam sektor energi       Elnusa again held the Elnusa Contractors
Management, yang bertujuan untuk mendukung                panas bumi atau geothermal.                          HSSE Meeting (ENCORE) 2024 with the theme
keandalan dan efisiensi operasional di Aviation Fuel                                                           “Accelerating Strategic Partnership for HSSE
Terminal (AFT) Pertamina di Sulawesi.                     Elnusa has again launched the latest innovation in   Excellence & Sustainable Business”.
                                                          the field of geophysical technology, namely the 3D
Elnusa, through its subsidiary PT Elnusa Petrofin         Surface-Borehole Tomography Induced Polarization
(EPN), together with PT Pertamina Patra Niaga             & Resistivity and Magnetotelluric Device, which
held a Signing Ceremony for the Long-Term                 is to support the exploration and development of
Service Agreement (LTSA) related to Preventive            new renewable energy, especially in the geothermal
Maintenance Trucktive Refueller and Tire                  energy sector.
Management, which aims to support operational
reliability and efficiency at Pertamina’s Aviation Fuel
Terminal (AFT) in Sulawesi.




     29 November | November                                   29 November | November

Elnusa melalui Anak Usahanya PT Elnusa Petrofin           Elnusa, melalui anak usahanya PT Elnusa Petrofin
(EPN), meresmikan program CSR “Si Manis” (Sapi            (EPN), terus menunjukkan komitmennya dalam
Ternak Sapa Maju dan Laris), sebuah fasilitas             mendukung ketahanan energi nasional, dengan
kandang komunal untuk mendukung produktivitas             melaksanakan agenda visit manajemen ke Terminal
masyarakat di Desa Sapa Barat, Kecamatan Tenga,           LPG (TLPG) Amurang, Minahasa Selatan, Sulawesi
Minahasa Selatan.                                         Utara untuk memastikan kelancaran pasokan LPG.

Elnusa through its subsidiary PT Elnusa Petrofin          Elnusa, through its subsidiary PT Elnusa Petrofin
(EPN), inaugurated the CSR program “Si Manis”             (EPN), continues to demonstrate its commitment
(Sapi Ternak Sapa Maju dan Laris), a communal barn        to supporting national energy security, by
facility to support community productivity in Sapa        implementing a management visit agenda to the
Barat Village, Tenga District, South Minahasa.            Amurang LPG Terminal (TLPG), South Minahasa,
                                                          North Sulawesi to ensure the smooth supply of LPG.




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   Desember | December




    4 Desember | December                                   9 Desember | December                                  13 Desember | December

Elnusa        melalui     anak      usahanya           Elnusa kembali menegaskan komitmennya dalam             Elnusa       kembali       menorehkan       prestasi
PT Elnusa Trans Samudera mengambil langkah             membangun lingkungan kerja yang berintegritas           membanggakan          dalam       ajang    Upstream
strategis dengan berinvestasi menambahkan              melalui peringatan tahunan Hari Antikorupsi             Improvement & Innovation Award (UIIA) 2024, yang
armada kapal baru, untuk memperluas portofolio         Sedunia (HAKORDIA), dengan mengusung tema               menjadi momentum penting bagi Elnusa untuk
bisnis sekaligus mendukung ekosistem energi            “Membangun Budaya Antikorupsi di Elnusa”.               menunjukkan komitmen dalam melahirkan inovasi
nasional.                                                                                                      serta solusi terbaik di sektor hulu migas.
                                                       Elnusa reaffirmed its commitment to building
Elnusa         through          its       subsidiary   a work environment with integrity through the           Elnusa again made a proud achievement in the
PT Elnusa Trans Samudera took a strategic step by      annual commemoration of World Anti-Corruption           2024 Upstream Improvement & Innovation Award
investing in adding a new fleet of ships, to expand    Day (HAKORDIA), with the theme “Building an Anti-       (UIIA), which is an important momentum for Elnusa
its business portfolio while supporting the national   Corruption Culture at Elnusa”.                          to demonstrate its commitment to producing the
energy ecosystem.                                                                                              best innovations and solutions in the upstream
                                                                                                               oil and gas sector.




    17 Desember | December                                  17 Desember | December

Elnusa meraih dua penghargaan bergengsi dalam          Elnusa menutup tahun 2024 dengan menggelar
ajang “4th Anniversary Indonesia Top GCG Awards        Aksi Donor Darah yang diikuti oleh 137 peserta
2024” dan “4th Anniversary Indonesia Best Corporate    terdiri dari pekerja Elnusa, tenant gedung, mitra
Secretary Awards 2024” yang diselenggarakan            kerja, dan masyarakat sekitar. Atas jumlah tersebut,
oleh The Iconomics Media dan didukung oleh Axia        terkumpul 122 kantong darah, yang nantinya
Research.                                              disalurkan melalui Palang Merah Indonesia (PMI)
                                                       untuk membantu memenuhi kebutuhan darah bagi
Elnusa received two prestigious awards at the “4th     pasien membutuhkan di berbagai wilayah.
Anniversary Indonesia Top GCG Awards 2024” and
“4th Anniversary Indonesia Best Corporate Secretary    Elnusa closed out 2024 by organizing a Blood
Awards 2024”, organized by The Iconomics Media         Donation Drive attended by 137 participants,
and supported by Axia Research.                        comprising Elnusa employees, building tenants,
                                                       business partners, and members of the surrounding
                                                       community. The event successfully collected 122
                                                       bags of blood, which will be distributed through the
                                                       Indonesian Red Cross (PMI) to help meet the blood
                                                       needs of patients in various regions.




                                                                                                              2024 Annual Report PT ELNUSA Tbk              29
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                 KILAS KINERJA 2024
                 2024 Performance Highlights




Penghargaan dan Sertifikasi
Awards and Certifications

PENGHARGAAN
Awards




PT ELNUSA TBK                                     PT ELNUSA TBK                                      PT ELNUSA TBK
Best External Market Penetration 2023             Indonesia 50 Best CSR Awards 2024                  The Best Human Capital for Effective and Efficient
                                                                                                     Human Capital Management to Strengthen
PT Elnusa Tbk Raih Penghargaan Best External      PT Elnusa Tbk Raih Penghargaan Indonesia 50 Best   Business Development
Market Penetration 2023 dari                      CSR Awards 2024 dari The Iconomics
PT Pertamina (Persero)                            PT Elnusa Tbk Receives Indonesia 50 Best CSR       PT Elnusa Tbk raih The Best Human Capital for
PT Elnusa Tbk Receives Best External Market       Awards 2024 from The Iconomics                     Effective and Efficient Human Capital Management
Penetration 2023 Award from                                                                          to Strengthen Business Development
PT Pertamina (Persero)                            7 Mei 2024                                         PT Elnusa Tbk won The Best Human Capital for
                                                  May 7, 2024                                        Effective and Efficient Human Capital Management
30 April 2024                                                                                        to Strengthen Business Development
April 30, 2024
                                                                                                     16 Mei 2024
                                                                                                     May 16, 2024




PT ELNUSA TBK                                     PT ELNUSA TBK                                      PT ELNUSA TBK
“Best Sukuk Syariah” pada Economic Sharia         Predikat Green “Transparansi Penurunan             Excellence in Leadership Development Kategori
Award 2024                                        Emisi Korporasi” Predikat Silver “Transparansi     Silver
“Best Sukuk Syariah” in the Economic Sharia       Perhitungan Emisi Korporasi”
Award 2024                                        Green Predicate in “Transparency of Corporate      PT Elnusa Tbk meraih Excellence in Leadership
                                                  Emission Reduction” and Silver Predicate           Development Kategori Silver dari Human
B-Universe (Beritasatu, Investor Daily, dll)      in “Transparency of Corporate Emission             Resources Online Singapore
B-Universe (Beritasatu, Investor Daily, others)   Calculation”                                       PT Elnusa Tbk received Excellence in Leadership
                                                                                                     Development Silver Category from Human
27 Mei 2024                                       Investortrust & Bumi Global Karbon Foundation      Resources Online Singapore
May 27, 2024
                                                  29 Mei 2024                                        9 Juli 2024
                                                  May 29, 2024                                       July 9, 2024




PT ELNUSA TBK                                     PT ELNUSA TBK                                      PT ELNUSA TBK
Best Management Training Programme Kategori       Public Relation Popular Companies Award 2024       Public Relation Person Award 2024
Bronze
                                                  PT Elnusa Tbk meraih Public Relation Popular       PT Elnusa Tbk meraih Public Relation Person
PT Elnusa Tbk meraih Best Management Training     Companies Award 2024 dari The Iconomics            Award 2024 dari The Iconomics
Programme Kategori Bronze dari Human Resources    PT Elnusa Tbk won the Public Relations Popular     PT Elnusa Tbk won the Public Relations Person
Online Singapore                                  Companies Award 2024 from The Iconomics            Award 2024 from The Iconomics
PT Elnusa Tbk achieved Best Management Training
Program Bronze Category from Human Resources      9 Juli 2024                                        9 Juli 2024
Online Singapore                                  July 9, 2024                                       July 9, 2024

9 Juli 2024
July 9, 2024



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                                                                                                                                    KILAS KINERJA 2024
                                                                                                                            2024 Performance Highlights




PT ELNUSA TBK                                        PT ELNUSA TBK                                           PT ELNUSA TBK
BUMN & ANAK PERUSAHAAN BUMN TBK                      Best Service Partner “Work in Progress-Artificial       Bronze Winner-Program Gathering Terbaik 2024
Pilar Lingkungan (Gold)                              Lift Category” Best Personnel                           Bronze Winner – the Best Gathering Program
SOEs & SOE SUBSIDIARIES TBK of                                                                               2024
Environmental Pillar (Gold)                          PT Elnusa Tbk meraih Best Service Partner “Work
                                                     in Progress-Artificial Lift Category”                   PT Elnusa Tbk meraih Bronze Winner-Program
PT Elnusa Tbk mendapatkan penghargaan BUMN           PT Elnusa Tbk meraih penghargaan Best Service           Gathering Terbaik 2024 dari Serikat Siaran Pers-
& ANAK PERUSAHAAN BUMN TBK Pilar                     Partner “Work in Progress-Kategori Artificial Lift”     Media Relation Award
Lingkungan (Gold) dari BUMN Track                                                                            PT Elnusa Tbk won Bronze Winner-Best Gathering
PT Elnusa Tbk received the BUMN & ANAK               23 Agustus 2024                                         Program 2024 from the Press Release Union-
PERAKAAN BUMN TBK PilarLingkungan (Gold)             August 23, 2024                                         Media Relation Award
award from BUMN Track.
                                                                                                             23 September 2024
30 Juli 2024                                                                                                 September 23, 2024
July 30, 2024




PT ELNUSA TBK                                        PT ELNUSA TBK                                           PT ELNUSA TBK
Indonesia Annual Report Award (IARA)                 Vyatra Bala Madya                                       Best BUMN Awards 2024
PT Elnusa Tbk mendapatkan penghargaan pada           PT Elnusa Tbk mendapatkan penghargaan Vyatra            PT Elnusa Tbk mendapatkan penghargaan pada
ajang Indonesia Annual Report Award (IARA) dari      Bala Madya dari Politeknik Energi dan Mineral           ajang Best BUMN Awards 2024 dari Warta
Economic Review                                      Akamigas                                                Ekonomi
PT Elnusa Tbk received an award at the Indonesia     PT Elnusa Tbk received the Vyatra Bala Madya            PT Elnusa Tbk received an award at the Best
Annual Report Award (IARA) from the Economic         award from Akamigas Energy and Mineral                  BUMN Awards 2024 from Warta Ekonomi.
Review.                                              Polytechnic.
                                                                                                             1 November 2024
11 Oktober 2024                                      24 Oktober 2024                                         November 1, 2024
October 11, 2024                                     October 24, 2024




PT ELNUSA TBK                                        PT ELNUSA TBK                                           PT ELNUSA TBK
Stellar Workplace Recognition in Employee            Stellar Workplace Recognition in Employee               Appreciation for Excellence Decarbonization
Commitment                                           Satisfaction                                            Performance

PT Elnusa Tbk meraih Stellar Workplace Recognition   PT Elnusa Tbk mendapatkan penghargaan Stellar           PT Elnusa Tbk meraih Appreciation for Excellence
in Employee Commitment pada ajang Stellar            Workplace Recognition in Employee Satisfaction          Decarbonization Performance dari Upstream
Workplace Award 2024                                 pada ajang Stellar Workplace Award 2024                 Decarbonization Annual Meeting, Pertamina
PT Elnusa Tbk won Stellar Workplace Recognition      PT Elnusa Tbk received the Stellar Workplace            PT Elnusa Tbk meraih Appreciation for Excellence
in EmployeeCommitment at the Stellar Workplace       Recognition in EmployeeSatisfaction award at the        Decarbonization Performance dari Upstream
Award 2024.                                          Stellar Workplace Award 2024.                           Decarbonization Annual Meeting, Pertamina

4 November 2024                                      4 November 2024                                         20 November 2024
November 4, 2024                                     November 4, 2024                                        November 20, 2024




                                                                                                           2024 Annual Report PT ELNUSA Tbk                31
Page 34
              KILAS KINERJA 2024
              2024 Performance Highlights




PT ELNUSA TBK                                      PT ELNUSA TBK
Top GCG Awards 2024                                Best Corporate Secretary Awards

PT Elnusa Tbk meraih penghargaan pada ajang Top    PT Elnusa Tbk meraih Best Corporate Secretary
GCG Awards 2024 dari The Iconomics Media           Awards dari The Iconomics Media
PT Elnusa Tbk received an award at the Top GCG     PT Elnusa Tbk achieved Best Corporate Secretary
Awards 2024 from The Iconomics Media.              Awards from The Iconomics Media

17 Desember 2024                                   17 Desember 2024
December 17, 2024                                  December 17, 2024




ELNUSA TRANS SAMUDERA                              ELNUSA PETROFIN
Zero Accident Award                                Penghargaan Technology Day & Business Forum 2024
                                                   The Technology Day & Business Forum 2024 Award
PT Elnusa Tbk berhasil meraih Zero Accident
Award dari Menteri Ketenagakerjaan Republik        PT Elnusa Tbk meraih penghargaan pada ajang
Indonesia                                          Technology Day & Business Forum 2024 dari Pertamina
PT Elnusa Tbk successfully won the Zero Accident   Sub Holding Upstream
Award from the Minister of Manpower of the         PT Elnusa Tbk received an award at the Technology
Republic of Indonesia                              Day & Business Forum 2024 event from Pertamina Sub
                                                   Holding Upstream.
14 Agustus 2024
August 14, 2024                                    30 September 2024
                                                   September 30, 2024




ELNUSA FABRIKASI KONSTRUKSI                        ELNUSA FABRIKASI KONSTRUKSI
The Best CEO Commited in OSH Culture               The Best Safety Program

PT Elnusa Tbk meraih The Best CEO Commited in      PT Elnusa Tbk meraih The Best Safety Program
OSH Culture dari OSH Asia’s Summit 2024            dari OSH Asia’s Summit 2024
PT Elnusa Tbk meraih The Best CEO Commited in      PT Elnusa Tbk won The Best Safety Program
OSH Culture dari OSH Asia’s Summit 2024            from OSH Asia’s Summit 2024

23 Agustus 2024                                    23 Agustus 2024
August 23, 2024                                    August 23, 2024




 32      PT ELNUSA Tbk Laporan Tahunan 2024
Page 35
                                                                               KILAS KINERJA 2024
                                                                       2024 Performance Highlights




SERTIFIKASI
Certifications




  1              ISO 9001:2015 Sistem Manajemen
                 Mutu dari SGS Indonesia.
                                                      2            ISO 14001:2015 Sistem Manajemen
                                                                   Lingkungan dari SGS Indonesia.

                 Masa berlaku:                                     Masa berlaku:
                 22 Maret 2024–1 Maret 2027                        26 Maret 2024–18 Februari 2027

                 ISO 9001:2015 Quality Management                  ISO 14001:2015 Environmental
                 System from SGS Indonesia.                        Management System from SGS
                                                                   Indonesia.
                 Validity period:
                 March 22, 2024–March 1, 2027                      Validity period:
                                                                   March 26, 2024–February 18, 2027




                 ISO 37001:2016 Sistem Manajemen                   ISO 45001:2018 Sistem Manajemen
  3              Anti Penyuapan (SMAP) dari SGS
                 Indonesia.
                                                      4            Kesehatan dan Keselamatan Kerja
                                                                   dari SGS Indonesia.

                 Masa berlaku:                                     Masa berlaku:
                 13 September 2023–12 Agustus 2026                 26 Maret 2024–26 Maret 2027

                 ISO 37001:2016 Anti-Bribery                       ISO 45001:2018 Occupational Health
                 Management System (SMAP) from                     and Safety Management System
                 SGS Indonesia.                                    from SGS Indonesia.

                 Validity period:                                  Validity period:
                 September 13, 2023–August 12, 2026                March 26, 2024–March 26, 2027




  5
                 ISO 55001:2014 Sistem Manajemen
                 Aset dari SGS Indonesia.

                 Masa berlaku:
                 28 Maret 2024–8 Januari 2027

                 ISO 55001:2014 Asset Management
                 System from SGS Indonesia.

                 Validity period:
                 March 28, 2024–January 8, 2027




                                                          2024 Annual Report PT ELNUSA Tbk          33
Page 36
LAPORAN
MANAJEMEN
Management Reports
36   Laporan Dewan Komisaris
     Board of Commissioners Report

48   Laporan Direksi
     Board of Directors Report

62   Surat Pernyataan Anggota Dewan Komisaris tentang Tanggung
     Jawab atas Laporan Tahunan 2024 PT Elnusa Tbk
     Statement of Members of the Board of Commissioners
     of Responsibility for the 2024 Annual Report of PT Elnusa Tbk

63   Surat Pernyataan Anggota Direksi tentang Tanggung Jawab
     atas Laporan Tahunan 2024 PT Elnusa Tbk
     Statement of Members of the Board of Directos of Responsibility for
     the 2024 Annual Report of PT Elnusa Tbk
Page 37

          
Page 38
         LAPORAN MANAJEMEN
         Management Report




Laporan Dewan Komisaris
Board of Commissioners Report




                                                                EKO
                                                                ARIANTORO
                                                                Komisaris Utama merangkap
                                                                Komisaris Independen
                                                                President Commissioner concurrently
                                                                Independent Commissioner




Kami mengapresiasi pencapaian kinerja Direksi yang berhasil
melakukan perbaikan signifikan pada aspek keselamatan dan
kesehatan kerja (HSSE), dimana angka Total Recordable Incident
Rate (TRIR) pada tahun 2024 tercatat 0,07 dan tanpa fatality atau
lebih rendah dari threshold 0,19 dan jauh lebih baik dibandingkan
tahun 2023 yang tercatat 0,37.

We would like to extend our appreciation for the notable improvements in Health, Safety,
Security, and Environment (HSSE) performance. In 2024, the Total Recordable Incident
Rate (TRIR) was recorded at 0.07, with zero fatalities. This figure not only falls well below the
threshold of 0.19, but also marks a significant improvement from the 2023 rate of 0.37.




 36   PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                                LAPORAN MANAJEMEN
                                                                                                                  Management Report




Para Pemegang Saham dan Pemangku                                    Dear Valued Shareholders and Stakeholders,
Kepentingan yang terhormat,

Sejalan dengan yang diamanatkan dalam Anggaran Dasar dan            In line with the mandate outlined in the Articles of Association and
peraturan perundangan yang berlaku, Dewan Komisaris senantiasa      in compliance with the prevailing laws and regulations, the Board
menjalankan fungsi dan tugas pengawasan serta memberikan            of Commissioners continues to carry out its supervisory functions
nasihat dan saran terhadap pengelolaan Perseroan oleh Direksi.      and duties, while also providing advice and recommendations
Selama tahun 2024, kami juga memastikan bahwa dalam                 to the Board of Directors. Throughout 2024, we ensured that
melaksanakan kegiatan operasional, Perseroan telah mengacu          all operational activities were conducted in alignment with the
kepada rencana bisnis yang telah ditetapkan sebagaimana yang        established business plan as set out in the Company’s Annual
tertuang dalam Rencana Kerja dan Anggaran Perusahaan (RKAP),        Budget and Operational Plan (ABOP), while also maintaining
serta memastikan kepatuhan Perseroan terhadap peraturan dan         compliance with the prevailing laws and regulations.
perundang-undangan yang berlaku.

Kami berkomitmen untuk terus melakukan pengawasan agar              We remain committed to ensuring that the Company is managed
Perseroan dikelola secara profesional, selaras dengan kepentingan   professionally and in the best interests of our Shareholders and
Pemegang Saham dan Pemangku Kepentingan lainnya. Dalam              other stakeholders. In fulfilling our supervisory role, we uphold
menjalankan perannya, Dewan Komisaris menjaga objektivitas dan      the principles of objectivity and independence, refraining from
independensi dengan tidak terlibat dalam pengambilan keputusan      involvement in the day-to-day operational decision-making, except
operasional Perseroan, kecuali hal-hal yang diatur dan ditetapkan   in matters expressly governed by applicable law and regulations.
dalam ketentuan yang berlaku.

Melalui Laporan Tahunan ini, kami akan memaparkan berbagai hal      Through this Annual Report, we hereby convey our overview of
dalam kaitannya dengan pelaksanaan tugas dan tanggung jawab         the implementation of the Board of Commissioners’ duties and
Dewan Komisaris, meliputi penilaian kami terhadap kinerja Direksi   responsibilities, encompassing our assessment of the Board of
sepanjang tahun 2024, pengawasan terhadap implementasi              Directors’ performance throughout 2024, supervision on the
strategi, penerapan tata kelola Perseroan, serta pandangan atas     execution of the Company’s strategies, corporate governance
prospek usaha yang disusun oleh Direksi ke depan.                   practices, and our views on the Company’s business prospects as
                                                                    formulated by the Board of Directors for the forthcoming period.

PERKEMBANGAN MAKROEKONOMI                                           MACROECONOMY DEVELOPMENT
Sepanjang tahun 2024, perekonomian global masih menghadapi          Throughout 2024, the global economy continued to face major
berbagai tantangan besar, di antaranya ketegangan geopolitik,       challenges, including geopolitical tensions, inflation risks, and
risiko inflasi, dan dampak perubahan iklim. Ketegangan politik      the impact of climate change. Global political tensions remained
global yang masih tinggi pada awal tahun 2024 akibat berlanjutnya   elevated at the beginning of the year due to the ongoing Russia-
konflik Rusia-Ukraina, makin meningkat setelah serangan Israel      Ukraine conflict, which intensified further following Israel’s attack
ke Palestina. Menjelang akhir tahun 2024, terpilihnya kembali       on Palestine. Towards the end of 2024, the re-election of President
Presiden Trump di Amerika Serikat (AS) dengan kebijakan America     Trump in the United States with his “America First” policy, reshaped
First mengubah lanskap geopolitik dan perekonomian dunia,           the global geopolitical and economic landscape. This shift led
dimana tensi perdagangan global kembali meningkat, kerja sama       to a resurgence in global trade tensions, increased pressure on
multilateral mengalami tekanan, dan negara-negara lain terdorong    multilateral cooperation, and encouraged many countries to
untuk memperkuat aliansi regional. Kebijakan proteksionis dengan    strengthen its regional alliances. The adoption of more aggressive
memberikan kenaikan tarif impor yang lebih agresif menyebabkan      protectionist measures, such as heightened import tariffs, added
ketidakpastian di pasar keuangan internasional. Secara              further uncertainty to the international financial markets. Overall,
keseluruhan, perubahan global yang berlangsung dengan cepat         the rapidly evolving global landscape, accompanied by heightened
dan disertai ketidakpastian tinggi turut memberikan tantangan       uncertainty, has continued to pose challenges to the Indonesian
pada perekonomian Indonesia.                                        economy.




                                                                                          2024 Annual Report PT ELNUSA Tbk         37
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            LAPORAN MANAJEMEN
            Management Report




Meskipun demikian, Indonesia menunjukkan kinerja ekonomi              Despite these challenges, Indonesia demonstrated solid economic
yang solid. Data Badan Pusat Statistik (BPS) mencatat ekonomi         performance. Data from the Central Statistics Agency (BPS) shows
Indonesia tahun 2024 tumbuh sebesar 5,03%. Ekonomi Indonesia          that Indonesia’s economy remains on a stronger trajectory, as it
tetap berada di jalur yang lebih kuat. Berdasarkan data World         grew by 5.03% in 2024. According to the World Economic Outlook
Economic Outlook yang dipublikasikan oleh IMF pada Januari            data published by IMF in January 2025, the growth of Indonesia’s
2025, pertumbuhan Produk Domestik Bruto Indonesia di tahun            Gross Domestic Product in 2024 surpassed its several neighbouring
2024 melampaui beberapa negara tetangga seperti Thailand yang         countries, such as Thailand, which grew by 2.8%, South Korea at
tumbuh di 2,8%, Korea Selatan di 2,2%, serta negara-negara G-20       2.2%, as well as G-20 countries like the United States at 2.8%,
seperti Amerika Serikat sebesar 2,8%, Prancis sebesar 1,1% dan        France at 1.1%, and Germany, which grew by 0.2%.
Jerman yang mengalami kontraksi sebesar 0,2%.

Dari sisi produksi, ekonomi dalam negeri mengalami pertumbuhan        In terms of production, the domestic economy experienced the
tertinggi terdapat pada sektor Lapangan Usaha Jasa Lainnya            highest growth in the Other Services Business Field sector at
sebesar 9,80%. Sementara itu, pertumbuhan tertinggi dari sisi         9.80%. Meanwhile, the highest growth in terms of expenditure
pengeluaran dicapai oleh Komponen Pengeluaran Konsumsi                was achieved by the Consumption Expenditure Component of
Lembaga Nonprofit yang Melayani Rumah Tangga (PK-LNPRT)               Non-profit Institutions Serving Households (PK-LNPRT) at 12.48%.
sebesar 12,48%. Pertumbuhan ekonomi nasional tahun 2024               National economic growth in 2024 reflects the resilience of the
mencerminkan resiliensi perekonomian Indonesia di tengah              Indonesian economy amid global uncertainty throughout 2024.
ketidakpastian global sepanjang tahun 2024.

Pencapaian ekonomi domestik juga salah satunya didorong oleh          Domestic economic performance was also supported by the strong
kinerja investasi hulu minyak dan gas (migas) meningkat mencapai      performance of upstream oil and gas investment, which increased
USD15,3 miliar. Meskipun harga rata-rata minyak mentah                to USD15.3 billion. Although the average Indonesian Crude Oil
Indonesia (ICP) pada Desember 2024 turun menjadi USD71,61 per         Price (ICP) declined slightly to USD71.61 per barrel in December
barel dibandingkan November 2024 yang sebesar USD71,83 per            2024 from USD71.83 per barrel in November 2024, the upstream
barel, potensi sektor ini tetap solid karena peningkatan produksi     sector continues to demonstrate strong potential, supported by
dan peluang bisnis yang terus berkembang.                             rising production levels and growing business prospects.

Memasuki tahun 2025, sektor minyak dan gas bumi masih                 Entering 2025, the oil and gas sector continues to play a vital role in
berperan penting dalam rencana dan program kerja pemerintahan         the new government’s plans and work programs. This is reflected in a
yang baru. Hal ini tercermin dari berbagai inisiatif strategis yang   range of strategic initiatives which focused on increasing production,
difokuskan pada peningkatan produksi, penguatan hilirisasi,           strengthening downstream development, and achieving national
serta pencapaian swasembada energi nasional. Seluruh upaya            energy self-sufficiency. These efforts are expected to have a positive
ini diharapkan akan memberikan dampak positif terhadap                impact on the overall growth of Indonesia’s oil and gas industry.
pertumbuhan industri migas di Indonesia. Melalui sinergi              Through synergy with Pertamina Group and enhanced collaboration
Pertamina Group dan penguatan kolaborasi di lingkungan Elnusa         within the Elnusa Group, the Company is well-positioned to make
Group, Perseroan siap memberikan kontribusi nyata dalam               a meaningful contribution toward achieving the nation’s future oil
mendukung pencapaian target produksi migas nasional ke depan.         and gas production targets. At the same time, the Government,
Di sisi lain, Pemerintah melalui Ditjen Migas dan SKK Migas juga      through the Directorate General of Oil and Gas (Ditjen Migas) and
telah menyiapkan sejumlah program strategis, antara lain kegiatan     SKK Migas, has prepared several strategic programs, including more
pengeboran yang lebih masif, stimulasi sumur, reaktivasi lapangan-    extensive drilling activities, well stimulation, reactivation of idle
lapangan idle, serta penerapan teknologi Enhanced Oil Recovery        fields, and the implementation of Enhanced Oil Recovery (EOR) and
(EOR) dan Improved Oil Recovery (IOR). Sejumlah proyek hulu           Improved Oil Recovery (IOR) technologies. A number of upstream
migas pun direncanakan mulai beroperasi sebagai bagian dari           oil and gas projects are also scheduled to onstream to ensure
upaya peningkatan produksi secara berkelanjutan.                      sustainable production growth.




 38     PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                                  LAPORAN MANAJEMEN
                                                                                                                    Management Report




PENILAIAN KINERJA DIREKSI                                            PERFORMANCE ASSESSMENT OF THE BOARD
                                                                     OF DIRECTORS
Dengan perkembangan makro ekonomi yang demikian, Dewan               Amid such macroeconomic developments and economic
Komisaris menilai Direksi telah menjalankan tugas dan tanggung       challenges, the Board of Directors successfully carried out its
jawabnya serta merespons tantangan ekonomi dengan sangat baik        duties and responsibilities, which reflected in the achievement
sepanjang tahun 2024. Penilaian ini didasarkan atas di antaranya     of the 2024 Corporate Work Plan and Budget (RKAP) targets and
pencapaian target RKAP 2024 serta pencapaian lainnya.                other milestones.



Oleh karena itu, Dewan Komisaris memberikan apresiasi kepada         In response to this, the Board of Commissioners applauds the
Direksi atas keberhasilannya dalam mengelola Perseroan sesuai        Board of Directors for successfully managing the Company in
dengan RKAP 2024. Dewan Komisaris menilai bahwa Direksi telah        accordance with the 2024 RKAP. The Board of Commissioners views
menunjukkan kepemimpinan yang efektif dalam menghadapi               that the Board of Directors has demonstrated effective leadership
tantangan yang ada, khususnya di sektor migas. Berbagai langkah      in addressing challenges, particularly in the oil and gas sector.
strategis yang diambil oleh Direksi dan jajaran manajemen terbukti   The strategic initiatives undertaken by the Board of Directors and
berhasil meningkatkan kinerja perusahaan, memperkuat daya            the management team have proven successful in boosting the
saing, dan mendukung pencapaian target yang telah ditetapkan.        Company’s performance, strengthening its competitiveness, and
                                                                     supporting the achievement of the set targets.

Dasar penilaian ini meliputi pencapaian target Perusahaan            The basis of this assessment includes the achievement of the
sebagaimana yang tertuang dalam Key Performance Indicator (KPI)      Company’s targets as set out in the Board of Directors’ Key
Direksi baik yang bersifat kolegial dan/atau individual. Dalam KPI   Performance Indicators (KPIs), both collegial and/or individual.
tersebut, sebagian besar indikator kinerja mengalami peningkatan,    In these KPIs, the majority of performance indicators have shown
bahkan beberapa indikator melampaui target yang ditetapkan.          improvements, with several even exceeding targets.

Kami mengapresiasi pencapaian kinerja Direksi yang berhasil          We would like to extend our appreciation for the notable
melakukan perbaikan signifikan pada aspek keselamatan dan            improvements in Health, Safety, Security, and Environment (HSSE)
kesehatan kerja (HSSE), dimana angka Total Recordable Incident       performance. In 2024, the Total Recordable Incident Rate (TRIR)
Rate (TRIR) pada tahun 2024 tercatat 0,07 dan tanpa fatality atau    was recorded at 0.07, with zero fatalities. This figure not only
lebih rendah dari threshold 0,19 dan jauh lebih baik dibandingkan    falls well below the threshold of 0.19, but also marks a significant
tahun 2023 yang tercatat 0,37.                                       improvement from the 2023 rate of 0.37.

Dalam pandangan kami, pencapaian ini juga merupakan hasil dari       We also believe that this achievement is also the result of
penerapan nilai-nilai utama AKHLAK (Amanah, Kompeten, Harmonis,      implementing the core values of AKHLAK (Trustworthy, Competent,
Loyal, Adaptif, dan Kolaboratif) sebagai bagian dari Pertamina       Harmonious, Loyal, Adaptable, and Collaborative) as part of the
Group. Hasil implementasi strategi dan kebijakan Perseroan           Pertamina Group. The implementation of the Company’s strategies
tercermin dalam pencapaian peningkatan total pendapatan, laba        and policies have successfully increased its total revenue, profit for
tahun berjalan, dan margin laba bersih. Total pendapatan naik 7%     the year, and net profit margin. Total revenue rose by 7% to Rp13.4
menjadi Rp13,4 triliun dari sebelumnya sebesar Rp12,6 triliun.       trillion from Rp12.6 trillion. Meanwhile, net profit for the year
Sedangkan capaian laba tahun 2024 dicatatkan sebesar Rp713,6         reached Rp713.6 billion, a notable increase of 42% from Rp503.1
miliar, naik 42% dari Rp503,1 miliar di tahun sebelumnya, dengan     billion in the previous year, with a net profit margin of 5.3%.
capaian perolehan margin laba bersih sebesar 5,3%.

Secara keseluruhan, Dewan Komisaris menyampaikan apresiasi           Overall, the Board of Commissioners expresses appreciation for
atas pencapaian Perseroan di tahun 2024 dan mengajak seluruh         the Company’s achievements in 2024 and encourages all Elnusa
Perwira Elnusa untuk terus meningkatkan produktivitas, inovasi,      employees (Perwira Elnusa) to continue enhancing productivity,
dan kolaborasi dalam mendukung visi Elnusa sebagai Perusahaan        innovation, and collaboration to support Elnusa’s vision as a
energi terkemuka yang memberikan solusi total.                       reputable energy services company that provides total solutions.




                                                                                           2024 Annual Report PT ELNUSA Tbk          39
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           LAPORAN MANAJEMEN
           Management Report




PENGAWASAN PENERAPAN STRATEGI DAN                                   SUPERVISION OF THE STRATEGY AND POLICY
KEBIJAKAN                                                           IMPLEMENTATION
Dewan Komisaris senantiasa melakukan pengawasan terhadap            The Board of Commissioners continuously oversees the
penerapan kebijakan strategi yang dijalankan Direksi, serta         implementation of strategic policies carried out by the Board of
memberikan dukungan, saran dan nasihat dalam rangka                 Directors, while also providing support, suggestions, and advice
pencapaian target-target yang ditetapkan. Dewan Komisaris           to achieve the established targets. The Board of Commissioners
terlibat langsung dalam pengawasan pelaksanaan target, mulai        is actively involved in monitoring the execution of these targets,
dari awal perumusan hingga implementasi strategi dan kebijakan      from the initial formulation to the implementation of the
Perseroan. Dengan kerja sama yang baik, Dewan Komisaris             Company’s strategies and policies. Through strong collaboration,
bersama dengan Direksi dan segenap Perwira Elnusa telah             the Board of Commissioners, together with the Board of Directors
merespons tantangan yang dihadapi selama tahun 2024 dengan          and all Perwira Elnusa, responded effectively to the challenges
sangat baik.                                                        faced throughout 2024.

Dewan Komisaris menilai strategi dan kebijakan Elnusa yang          The Board of Commissioners assesses that Elnusa’s strategies and
berfokus pada 4 (empat) pilar strategi telah dieksekusi dengan      policies, which focusing on 4 (four) strategic pillars, were successfully
baik oleh Direksi. Keempat Pilar tersebut meliputi:                 executed by the Board of Directors. These four pillars include:
1. Optimize internal process;                                       1. Optimizing internal processes;
2. Increasing learning and growth;                                  2. Increasing learning and growth;
3. Strengthen the core; dan                                         3. Strengthening the core; and
4. Adjacent to the core.                                            4. Adjacent to the core.

Melalui implementasi strategi dan kebijakan tersebut, Elnusa        Through the implementation of these strategies and policies,
berhasil meraih beberapa pencapaian strategis serta berkontribusi   Elnusa successfully achieved several strategic milestones and
dalam mendukung ketahanan energi nasional dan keberlanjutan         contributed to strengthening national energy resilience and
lingkungan.                                                         environmental sustainability.

PANDANGAN ATAS PENERAPAN TATA KELOLA                                CORPORATE GOVERNANCE OVERVIEW
PERUSAHAAN
Tata Kelola Perusahaan yang Baik (Good Corporate Governance         Good Corporate Governance (GCG) encompasses the structures
(GCG)) merupakan struktur dan proses yang digunakan untuk           and processes used to direct and manage the Company in order to
mengarahkan dan mengelola usaha untuk mencapai kemajuan             achieve sustainable business growth and corporate accountability.
bisnis dan akuntabilitas korporasi, dengan tujuan akhir             Its ultimate goal is to create long-term corporate values and
menciptakan nilai korporasi dan kekayaan pemegang saham             shareholder wealth sustainably while considering the interests
secara berkelanjutan yang memerhatikan kepentingan para             of all stakeholders. We recognize that the implementation of
pemangku kepentingan. Kami memahami penerapan prinsip-              GCG principles goes beyond the interests of shareholders. It
prinsip GCG tidak hanya menyangkut kepentingan pemegang             also requires a balanced approach to meet the needs of other
saham tetapi juga menjaga keseimbangan dengan kebutuhan             stakeholders such as creditors, employees, customers, suppliers,
Pemangku Kepentingan lain seperti pemberi pinjaman, karyawan,       regulators, and the communities where the Company operates.
pelanggan, pemasok, otoritas, serta masyarakat dimana Perseroan
menjalankan bisnis.

Implementasi GCG di lingkungan Perseroan tetap menjadi salah        The implementation of GCG within the Company remains a
satu fokus utama dalam pengawasan yang dilakukan oleh Dewan         primary focus of the Board of Commissioners. Accordingly, the
Komisaris. Untuk itu, Dewan Komisaris terus menjalankan fungsi      Board of Commissioners continues to exercise its supervisory
pengawasan untuk memastikan bahwa pengelolaan Perusahaan            function to ensure that the Company’s management complies
telah memenuhi ketentuan perundang-undangan yang berlaku,           with prevailing laws and regulations, while also providing strategic
serta memberikan nasihat strategis yang diperlukan untuk            advice to support the achievement of the Company’s objectives.
mencapai tujuan Perseroan.




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                                                                                                                  LAPORAN MANAJEMEN
                                                                                                                    Management Report




Sebagai perusahaan terbuka, Perseroan senantiasa menunjukkan           The Company, in its capacity as a public listed company, has
komitmen yang kuat dalam menerapkan GCG. Hal ini terlihat              consistently demonstrated a strong commitment to implementing
antara lain dari penyempurnaan kebijakan tata kelola pada rapat        GCG practices, as reflected in the improvement of corporate
Komite Tata Kelola Terintegrasi dan peningkatan risk management        governance policies through the Integrated Governance
maturity, pada tahun 2024 Perseroan mencapai skor 3,40                 Committee meetings and the improvement of risk management
(managed) dari skala 5, yang mencerminkan pengelolaan risiko           maturity. In 2024, the Company achieved a risk maturity score of
yang semakin terintegrasi. Dewan Komisaris terus mendorong             3.40 (managed) on a scale of 5, indicating increasingly integrated
serta mendukung berbagai upaya yang dilakukan Direksi                  risk management practices. The Board of Commissioners
untuk melakukan perbaikan dan penyempurnaan GCG secara                 continues to encourage and support the Board of Directors’ efforts
berkelanjutan, selaras dengan kebutuhan bisnis. Sebagai salah satu     to enhance and improve GCG practices on an ongoing basis in line
dari upaya tersebut, kami melihat Perseroan telah mengadopsi           with evolving business needs. As part of this effort, the Company
digitalisasi pada 75 modul bisnis guna meningkatkan efisiensi dan      has adopted digitalization across 75 business modules to improve
transparansi operasional. Selain itu, Perseroan juga memperoleh        operational efficiency and transparency. In addition, the Company
Corporate Rating Pefindo idAA/stable dan idAA(sy) untuk Sukuk          obtained a Pefindo Corporate Rating of idAA/stable and idAA(sy)
Ijarah Berkelanjutan I/2020, yang menjadi bukti nyata komitmen         for its Sustainable Sukuk Ijarah I/2020, further demonstrating
Perseroan terhadap penerapan GCG.                                      Elnusa’s strong commitment to GCG principles.

MEKANISME PEMBERIAN MASUKAN DAN                                        MECHANISM FOR THE PROVISION OF
SARAN KEPADA DIREKSI                                                   FEEDBACK AND RECOMMENDATIONS TO THE
                                                                       BOARD OF DIRECTORS
Selaras dengan tugas dan tanggung jawabnya, Dewan Komisaris            As part of its duties and responsibilities, the Board of
dapat memberikan berbagai masukan, saran dan nasihat                   Commissioners may offer feedback, inputs, and recommendations
kepada Direksi dalam upaya pencapaian target Perseroan, yang           to the Board of Directors in support of achieving the Company’s
disampaikan melalui berbagai rapat formal dengan Direksi dan           objectives. These are conveyed through various joint meetings
berbagai fungsi manajemen. Selain itu, juga dapat disampaikan          between the Board of Commissioners and the Board of Directors.
melalui diskusi-diskusi strategis, dan kunjungan langsung ke lokasi-   and various management functions. Additionally, such messages
lokasi operasional.                                                    were also conveyed through strategic discussions, and direct visits
                                                                       to operational locations.

Selama tahun 2024, frekuensi rapat Dewan Komisaris mengalami           In 2024, the frequency of Board of Commissioners’ meetings
peningkatan yang cukup signifikan. Pada 2024, Dewan Komisaris          increased significantly, reflecting a stronger commitment to its
telah melaksanakan 37 rapat internal dibandingkan 22 kali rapat        supervisory duties. The Board of Commissioners held 37 internal
di tahun 2023, dengan rata-rata tingkat kehadiran anggota Dewan        meetings, a notable rise compared to 22 meetings in 2023, with
Komisaris mencapai 94%. Selain itu, rapat Dewan Komisaris              an average attendance rate of 94%. In addition, 20 joint meetings
bersama Direksi juga meningkat menjadi 20 kali rapat dari 16 kali      were held with the Board of Directors, up from 16 meetings
rapat di tahun sebelumnya, dengan rata-rata tingkat kehadiran          in the previous year, with an average attendance rate of 99%.
anggota Dewan Komisaris 99%. Peningkatan jumlah rapat Dewan            This increase in meeting frequency underscores the Board of
Komisaris ini menunjukkan komitmen Dewan Komisaris dalam               Commissioners’ dedication to ensuring effective supervision. All
menjalankan fungsi pengawasannya. Seluruh keputusan yang               decisions made during these meetings were made by consensus,
dihasilkan dalam rapat-rapat tersebut diambil secara musyawarah        with zero dissenting opinions. Throughout the year, the Board of
mufakat dan tidak ada keputusan rapat dengan “dissenting               Commissioners also provided several strategic recommendations,
opinion”. Dewan Komisaris juga telah memberikan beberapa               including topics such as improvements in HSSE culture, risk
rekomendasi yang mencakup di antaranya upaya peningkatan               management in strategic projects, assets optimization, business
budaya HSSE, penguatan risk management pada proyek-proyek              processes digitalization, technological innovation and IT security
strategis, melakukan optimalisasi aset, digitalisasi proses bisnis,    systems.
serta inovasi teknologi dan penguatan security system IT.

Dalam memberikan saran dan nasihat, Dewan Komisaris juga               In providing advices and recommendations, the Board of
mempertimbangkan masukan serta rekomendasi dari Komite-                Commissioners also considers feedbacks and inputs from its
Komite yang berada di bawah Dewan Komisaris yang secara aktif          respective Committees.
melakukan pengawasan terhadap bidang-bidang yang menjadi
tanggung jawabnya.




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PENGELOLAAN WHISTLEBLOWING SYSTEM                                     WHISTLEBLOWING SYSTEM MANAGEMENT
Sistem Pelaporan Pelanggaran atau Whistleblowing System (WBS)         The Company implements a Whistleblowing System (WBS) as part
dijalankan Perseroan sebagai wujud penerapan prinsip-prinsip          of its commitment to GCG principles, aiming to foster an ethical,
GCG agar menciptakan situasi kerja yang bersih dan bertanggung        transparent, and accountable working environment. The WBS
jawab. WBS Perseroan menjadi sarana bagi pihak eksternal dan          serves as a reporting mechanism for both internal and external
internal, untuk dapat menyampaikan laporan mengenai dugaan            parties to report any alleged violations of GCG principles, ethical
pelanggaran terhadap prinsip-prinsip GCG, nilai-nilai etika dan       standards, and applicable policies or procedures. Reports must be
kebijakan atau prosedur yang berlaku, berdasarkan bukti/data/         supported by credible evidence and submitted in good faith for
informasi yang dapat dipertanggungjawabkan serta dengan niat          the benefit of the Company.
baik untuk kepentingan Perseroan.

Dalam pelaksanaannya, Dewan Komisaris memberikan dukungan             In its implementation, the Board of Commissioners fully supports
penuh terhadap penerapan Whistleblowing System serta Sistem           the WBS, along with the Anti-Bribery Management System (ABMS)
Manajemen Anti Penyuapan (SMAP) yang ada di Perusahaan.               established within the Company. The Board of Commissioners plays
Dewan Komisaris berperan aktif dalam pelaksanaan dan                  an active role in supervising and promoting the Whistleblowing
pengawasan atas penerapan Whistleblowing System. Peran aktif          System. One such initiative includes the signing of an Integrity Pact,
Dewan Komisaris dilakukan di antaranya berupa penandatanganan         reflecting the Board of Commissioners’ commitment to ensuring
Pakta Integritas yang mencerminkan komitmen untuk memastikan          compliance with prevailing laws and internal corporate policies.
kepatuhan terhadap hukum dan ketentuan perusahaan. Dalam              This document also confirms the Board of Commissioners’ role in
Pakta Integritas tersebut, memuat komitmen Dewan Komisaris            preventing misconduct and in reporting any potential violations
untuk berperan aktif dalam upaya pencegahan pelanggaran, serta        within the Company.
melakukan pelaporan dalam hal terjadi tindakan pelanggaran di
lingkungan Perseroan.

Dewan Komisaris dibantu oleh Komite Audit terus mendorong             The Board of Commissioners, with the support of Audit Committee,
penerapan Sistem Pelaporan Pelanggaran atau Whistleblowing            continues to encourage the implementation of WBS and provides
System (WBS) dan memberikan arahan terkait tindak lanjut              direction on the follow-up of significant issues raised in the reports.
atas isu-isu signifkan yang diungkapkan dalam laporan tersebut.       This approach has proven effective in fostering a more transparent
Pendekatan ini dinilai efektif dalam menciptakan lingkungan kerja     working environment, strengthening the Company’s integrity, and
yang lebih transparan, mendukung integritas Perseroan, serta          preventing potential violations.
mencegah terjadinya pelanggaran.



PENILAIAN KINERJA KOMITE DI BAWAH                                     PERFORMANCE ASSESSMENT OF COMMITTEES
DEWAN KOMISARIS                                                       UNDER THE BOARD OF COMMISSIONERS
Pelaksanaan tugas dan tanggung jawab Dewan Komisaris dibantu          The Board of Commissioners is supported by three committees,
oleh 3 (tiga) komite meliputi Komite Audit, Komite Nominasi,          namely the Audit Committee, the Nomination, Remuneration,
Remunerasi dan GCG, serta Komite Pemantau Risiko dan Investasi.       and GCG Committee, and the Risk and Investment Monitoring
Secara berkala, Perseroan melakukan evaluasi atas kinerja Komite      Committee. Periodically, the Company evaluates the performance
Audit, Komite Nominasi, Remunerasi dan GCG, serta Komite              of the Audit Committee, the Nomination, Remuneration, and GCG
Pemantau Risiko dan Investasi berdasarkan efektivitas dalam           Committee, and the Risk and Investment Monitoring Committee
memberikan masukan strategis, pencapaian KPI, serta kepatuhan         based on their effectiveness in providing strategic input, KPI’s
terhadap nilai-nilai AKHLAK.                                          achievement, while adhering to AKHLAK values.

Dewan Komisaris mencatat bahwa komite-komite di bawah Dewan           The Board of Commissioners noted that the committees under
Komisaris telah mendukung pencapaian target Perseroan dengan baik.    its supervision have effectively supported the achievement
Komite-komite tersebut juga terlibat aktif dalam pelaksanaan rapat-   of the Company’s targets. These committees have also been
rapat yang diselenggarakan, begitu pun dengan rekomendasi yang        actively involved in the execution of the meetings, and the
disampaikan telah menjadi bahan pertimbangan Dewan Komisaris          recommendations they have provided have served as important
dalam memberikan saran dan pertimbangan kepada manajemen.             considerations for the Board of Commissioners in offering advice
                                                                      and guidance to management.




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PERUBAHAN KOMPOSISI ANGGOTA DEWAN                                    CHANGES IN THE COMPOSITION OF THE
KOMISARIS                                                            BOARD OF COMMISSIONERS MEMBERS
Selama tahun 2024, terdapat 2 (dua) kali perubahan komposisi         Throughout 2024, there were 2 (two) changes in the composition
anggota Dewan Komisaris. Pada Rapat Umum Pemegang Saham              of the Board of Commissioners. At the Extraordinary General
(RUPS) Luar Biasa yang dilaksanakan pada 17 Januari 2024,            Meeting of Shareholders (EGMS) held on January 17, 2024, it
memutuskan untuk memberhentikan dengan hormat Bapak                  was resolved to respectfully dismiss Mr. Agus Prabowo from his
Agus Prabowo dari posisi Komisaris Utama dan Bapak Hernawan          position as President Commissioner and Mr. Hernawan Bekti
Bekti Sasongko dari posisi Komisaris Independen. Pada rapat yang     Sasongko from his position as Independent Commissioner. In the
sama, RUPS Luar Biasa menyetujui pengangkatan Bapak Nur Endro        same meeting, the Extraordinary GMS approved the appointment
Buwono sebagai Komisaris Utama dan Bapak Denie S. Tampubolon         of Mr. Nur Endro Buwono as President Commissioner and Mr.
sebagai Komisaris Independen.                                        Denie S. Tampubolon as Independent Commissioner.

Kemudian, pada RUPS Tahunan tanggal 15 Mei 2024, memutuskan          Subsequently, at the Annual GMS held on May 15, 2024, it was
untuk memberhentikan dengan hormat Bapak Nur Endro Buwono            resolved to respectfully dismiss Mr. Nur Endro Buwono from his
dari posisi Komisaris Utama, Bapak Lusiaga Levi Susila dari posisi   position as President Commissioner, Mr. Lusiaga Levi Susila from
Komisaris Independen, serta Bapak Wakhid Hasyim dari posisi          his position as Independent Commissioner, and Mr. Wakhid
Komisaris. Selanjutnya, RUPS Tahunan juga mengangkat Bapak           Hasyim from his position as Commissioner. The Annual GMS
Eko Ariantoro sebagai Komisaris Utama merangkap Komisaris            further appointed Mr. Eko Ariantoro as President Commissioner
Independen, Bapak Ariana Soemanto sebagai Komisaris, serta           concurrently Independent Commissioner, Mr. Ariana Soemanto
mengangkat kembali Bapak Nur Endro Buwono sebagai Komisaris.         as Commissioner, and reappointed Mr. Nur Endro Buwono as
                                                                     Commissioner.

Dengan demikian, komposisi anggota Dewan Komisaris hingga            Therefore, the composition of the Board of Commissioners until
terbitnya Laporan Tahunan adalah sebagai berikut:                    the publication of the Annual Report is as follows:


                     Jabatan                                 Nama | Name                                 Position
 Komisaris Utama merangkap Komisaris                         Eko Ariantoro            President Commissioner concurrently Independent
 Independen                                                                                                             Commissioner
 Komisaris Independen                                     Denie S. Tampubolon                              Independent Commissioner
 Komisaris                                                 Nur Endro Buwono                                            Commissioner
 Komisaris                                                  Ariana Soemanto                                            Commissioner



PANDANGAN ATAS PROSPEK USAHA YANG                                    OUTLOOK ON BUSINESS PROSPECTS AS
DISUSUN OLEH DIREKSI                                                 PREPARED BY THE BOARD OF DIRECTORS
Ekonomi global pada masa mendatang diprediksi masih akan             The global economy is expected to face increasingly complex
menghadapi berbagai tantangan yang semakin kompleks dengan           challenges, marked by the escalating geopolitical risks and the
meningkatnya risiko geopolitik dan berlanjutnya fragmentasi          ongoing fragmentation of global trade. Meanwhile, Bank Indonesia
perdagangan global. Sementara, Bank Indonesia memperkirakan          projects that Indonesia’s economic growth will range between
pertumbuhan ekonomi Indonesia pada tahun 2025 diperkirakan           4.7% and 5.5% in 2025 and is expected to improve further in 2026
berada dalam kisaran 4,7–5,5%, dan diprediksi akan meningkat         within the range of 4.8% to 5.6%. This optimistic projection is
pada tahun 2026 dalam kisaran 4,8–5,6%. Proyeksi pertumbuhan         supported by various efforts both in terms of demand and supply.
yang lebih tinggi ini didorong oleh berbagai upaya, baik dari sisi
permintaan maupun penawaran.




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Memahami proyeksi perkembangan ekonomi ke depan, kami             In light of these economic projections, we believe that Elnusa’s
melihat prospek usaha Elnusa sebagaimana yang tertuang dalam      business outlook, as outlined in the Company’s Long-Term Plan
Rencana Jangka Panjang Perusahaan (RJPP) dan RKAP 2025 tetap      (RJPP) and the 2025 ABOP will remain positive. The Board of
positif. Dewan Komisaris melihat Direksi telah menyusun RJPP      Commissioners believes that the Board of Directors has formulated
dan RKAP dengan mempertimbangkan berbagai asumsi yang             the RJPP and ABOP by considering various assumptions regarding
diperkirakan akan terjadi di masa mendatang, disertai dengan      future developments, accompanied by appropriate strategies and
penerapan strategi dan kebijakan yang tepat.                      policies.

Kami juga melihat Direksi telah merumuskan rencana bisnis yang    We also note that the Board of Directors has developed a business
berfokus pada penetrasi pasar seperti rig pengeboran di wilayah   plan focusing on market penetration, such as the deployment
kerja Rokan maupun wilayah kerja lainnya. Dewan Komisaris juga    of drilling rigs in the Rokan working area and other operational
mendukung pengembangan bisnis baru serta hilirisasi energi        regions. The Board of Commissioners also supports the
dalam implementasi teknologi yang akan terus dijajaki seperti     development of new business ventures and energy downstream
Two Phase Flow Meter untuk mendukung sektor panas bumi,           initiatives through the application of emerging technologies. These
In Line Inspection (ILI) termasuk di antaranya foam pig juga      initiatives include the Two-Phase Flow Meter for the geothermal
menjadi prioritas untuk dijalankan di masa mendatang. Selain      sector, and In-Line Inspection (ILI) tools, such as foam pigs, which
itu, potensi bisnis Abandonment and Site Restoration (ASR) dan    are prioritized for future implementation. In addition, business
pengelolaan carbon capture (CCS/CCUS) perlu dipertimbangkan       opportunities in Abandonment and Site Restoration (ASR) as
untuk menjadi bagian dari upaya pengembangan bisnis               well as carbon capture management (CCS/CCUS) should also
Elnusa di masa mendatang. Dewan Komisaris optimis bahwa           be considered as part of Elnusa’s future business development
strategi ini akan memperkuat posisi Elnusa sebagai penyedia       efforts. The Board of Commissioners remains optimistic that these
solusi energi terkemuka.                                          strategies will further strengthen Elnusa’s position as a leading
                                                                  energy solutions provider.

Menghadapi tantangan-tantangan yang harus dihadapi Direksi ke     To address the upcoming challenges, we require that the Board
depan, kami mengamanatkan agar Direksi perlu terus memperkuat     of Directors continues to strengthen strategic partnerships with
strategic partnership dengan Pertamina Group, meningkatkan        the Pertamina Group, improve operational efficiency, and develop
efisiensi operasional, serta mengembangkan inovasi berbasis       technology-based innovations to increase competitiveness. By
teknologi untuk meningkatkan daya saing. Dengan berfokus pada     focusing on efficiency, synergy, and innovation development, the
efisiensi, sinergi, dan pengembangan inovasi, Dewan Komisaris     Board of Commissioners is confident that Elnusa will continue to
meyakini bahwa Elnusa akan terus berkembang dan memberikan        grow and make a significant contribution to supporting national
kontribusi signifikan dalam mendukung swasembada energi           energy self-sufficiency. The Board of Commissioners also believes
nasional. Dewan Komisaris juga meyakini rencana bisnis Direksi    that the business plan formulated by the Board of Directors reflects
yang telah dirumuskan mencerminkan kesiapan Elnusa untuk          Elnusa’s ability to meet challenges and capitalize on opportunities
menghadapi tantangan dan memanfaatkan peluang di tahun 2025       in 2025 and beyond.
dan seterusnya.




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PENUTUP                                                              CLOSING
Sebagai penutup, atas nama Dewan Komisaris, kami menyampaikan        In conclusion, on behalf of the Board of Commissioners, I would
terima kasih kepada para Pemegang Saham dan atas dukungan            like to express our gratitude to the Shareholders for their continued
dan kepercayaan yang selama ini telah diberikan. Penghargaan         support and trust. Our sincere appreciation also goes to the Board
yang tulus juga kami sampaikan kepada Direksi beserta seluruh        of Directors and all Perwira Elnusa for their hard work, loyalty, and
Perwira Elnusa yang telah menunjukkan kerja keras, loyalitas serta   dedication to our mutual success.
dedikasinya demi kemajuan kita bersama.

Kepada segenap mitra kerja dan seluruh Pemangku Kepentingan          To all of our partners and stakeholders, we also extend our deepest
lainnya, kami juga menyampaikan penghargaan dan terima kasih         appreciation and gratitude for the excellent collaboration. We
yang setinggi-tingginya atas kerja sama yang telah terjalin dengan   hope to continue to provide the best value for our Shareholders,
sangat baik. Semoga kita dapat terus memberikan manfaat terbaik      customers, business partners, and all other stakeholders. We are
bagi Pemegang Saham, pelanggan, mitra usaha, dan seluruh             also optimistic that the Company will be able to face the challenges
Pemangku Kepentingan lainnya. Kami juga optimistis Perseroan         of 2025 by consistently prioritizing innovation, efficiency, and
akan dapat menghadapi tantangan di tahun 2025 dengan terus           sustainability.
mengedepankan inovasi, efisiensi, dan keberlanjutan.




                                                          Jakarta, April 2025
                                                    Atas Nama Dewan Komisaris,
                                               On Behalf of the Board of Commissioners,




                                                            Eko Ariantoro
                                          Komisaris Utama merangkap Komisaris Independen
                                   President Commissioner concurrently Independent Commissioner




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Dewan Komisaris
Board of Commissioners




       EKO ARIANTORO                         NUR ENDRO BUWONO



       Komisaris Utama merangkap             Komisaris
       Komisaris Independen                  Commissioner
       President Commissioner Concurrently
       Independent Commissioner



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DENIE S. TAMPUBOLON        ARIANA SOEMANTO



Komisaris Independen       Komisaris
Independent Commissioner   Commissioner




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Laporan Direksi
Board of Directors Report




                                                          BACHTIAR
                                                          SOERIA ATMADJA
                                                          Direktur Utama
                                                          President Director




Pencapaian kinerja tahun 2024 baik dari pendapatan,
laba usaha maupun kinerja lainnya secara umum berhasil
melampaui target yang ditentukan dalam RKAP 2024 dan
mengalami pertumbuhan dari tahun sebelumnya. Pencapaian
ini terjadi di hampir seluruh unit bisnis Perseroan, baik jasa hulu
migas terintegrasi serta penjualan barang dan jasa distribusi
dan logistik energi.

Achievement of performance in 2024 both from revenue, operating profit and other performance
in general exceeded the target set in RKAP 2024 and experienced growth from the previous
year. This achievement occurred in almost all of the Company’s business units, both integrated
upstream oil and gas services and sales of goods and energy distribution and logistics services.



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Pemegang Saham dan Pemangku Kepentingan                              Dear Values Shareholders and Stakeholders,
yang Terhormat,

Seiring berjalannya waktu, kami merasa bangga dapat                  As time goes by, we are proud to present this 2024 Annual
menyampaikan Laporan Tahunan 2024 ini kepada seluruh                 Report to all our stakeholders. In 2024, despite the increasingly
pemangku kepentingan kami. Tahun 2024 ini, meskipun tantangan        complex challenges, we managed to move forward with a
yang ada semakin kompleks, kami tetap dapat melangkah maju           strong commitment to continue to grow and provide the best
dengan komitmen kuat untuk terus berkembang dan memberikan           value to our customers, partners, communities, shareholders,
nilai terbaik kepada pelanggan, mitra, masyarakat, pemegang          and other stakeholders.
saham serta pemangku kepentingan lainnya.

Berkat kerja keras seluruh Perwira Elnusa, di tahun 2024 Elnusa      With the hard work of all Elnusa Employees, in 2024, Elnusa
berhasil mencatatkan pencapaian yang membanggakan, meskipun          managed to record proud achievements, although certainly
tentunya masih terdapat ruang untuk terus berkembang dan             there is still room to continue to grow and improve in the future.
memperbaiki diri di masa mendatang. Demikian pula inisiatif-         Similarly, new business development initiatives that Elnusa
inisiatif pengembangan bisnis baru yang telah Elnusa mulai           started in 2024 will be further promoted in the coming period
pada tahun 2024 ini, akan lebih didorong lagi pada periode yang      through the realization of planned and appropriate Capital
akan datang melalui realisasi Capital Expenditure atau investasi     Expenditure or investment. This step must also go hand in hand
yang terencana dan tepat. Langkah ini juga harus seiring dengan      with the implementation of a structured and directed cost
penerapan strategi cost optimization yang terstruktur dan terarah,   optimization strategy, as well as a strong foundation as part of the
serta fondasi yang kuat sebagai bagian dari implementasi dari        implementation of various strategic policies implemented in 2024.
berbagai kebijakan strategis yang diterapkan di tahun 2024.

Dalam kaitannya dengan hal tersebut, akan kami paparkan              In relation to this matter, we will present the Company’s
dalam Laporan Tahunan ini, pencapaian kinerja Perseroan,             performance achievements in this Annual Report, as a form of
sebagai salah satu wujud pertanggungjawaban kami kepada              our accountability to shareholders and all stakeholders, as well as
para pemegang saham dan segenap pemangku kepentingan,                the implementation of the Company’s transparency which always
serta sekaligus sebagai implementasi transparansi Perseroan          strives to uphold the principles of governance consistently and
yang senantiasa berupaya menjunjung tinggi prinsip-prinsip           continuously in carrying out daily business.
tata kelola secara konsisten dan berkesinambungan dalam
menjalankan bisnis sehari-hari.

PERKEMBANGAN EKONOMI                                                 ECONOMIC AND INDUSTRY
DAN INDUSTRI 2024                                                    DEVELOPMENT IN 2024
Perubahan yang cepat mewarnai dinamika perekonomian global,          Rapid changes indicate the dynamics of the global economy,
disertai dengan tingkat ketidakpastian yang tinggi memberikan        accompanied by a high level of uncertainty that poses challenges
tantangan pada perekonomian Indonesia. International                 to the Indonesian economy. The International Monetary Fund
Monetary Fund (IMF) memberikan estimasi dalam World                  (IMF) estimated in its World Economic Outlook published in
Economic Outlook yang terbit pada Januari 2025 ekonomi global        January 2025 that the global economy is predicted to increase
diprakirakan tumbuh sedikit melambat menjadi 3,2% pada tahun         slightly to 3.2% in 2024 but started to increase slightly to 3.3%
2024, namun mulai sedikit meningkat menjadi 3,3% di 2025.            in 2025. Global political tensions remain high at the beginning of
Ketegangan politik global yang masih tinggi pada awal tahun          2024 due to ongoing conflicts in several regions. The divergence
2024 akibat berlanjutnya konflik di beberapa wilayah. Divergensi     of growth patterns between countries also continues along
pola pertumbuhan antarnegara juga berlanjut seiring dengan           with the increasing fragmentation of the global economy and
meningkatnya fragmentasi ekonomi dan perdagangan global.             trade. On the other hand, economic growth prospects in several
Di sisi lain, prospek pertumbuhan ekonomi di beberapa negara         countries, including Indonesia, as well as several Emerging Market




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termasuk Indonesia, serta sejumlah negara Emerging Market             Economies (EMEs) are predicted to remain positive, driven by
Economies (EMEs) diperkirakan masih tetap positif, didorong oleh      domestic demand, despite the potential slowdown in exports
permintaan domestik, meskipun menghadapi potensi perlambatan          due to the decline in global economic growth and fragmentation
ekspor akibat penurunan pertumbuhan ekonomi global dan                of world trade.
fragmentasi perdagangan dunia.

Kinerja ekonomi Indonesia tetap terjaga dengan ketahanan yang         Indonesia’s economic performance was maintained with robust
kuat dalam mengatasi dampak perlambatan global. Berdasarkan           resilience in overcoming the impact of the global slowdown.
data Badan Pusat Statistik (BPS) sedikit melambat dibanding           Based on data from the Central Bureau of Statistics (BPS), it
capaian tahun 2023 yang mengalami pertumbuhan sebesar 5,05%.          slowed slightly compared to the achievement in 2023, which
Dari sisi produksi, pertumbuhan tertinggi terjadi pada Lapangan       experienced growth of 5.05%. In terms of production, the highest
Usaha Jasa Lainnya sebesar 9,80%. Pertumbuhan tertinggi dari          growth occurred in the Other Services Business Field at 9.80%.
sisi pengeluaran dicapai oleh Komponen Pengeluaran Konsumsi           The highest increase in terms of expenditure was achieved by the
Lembaga Nonprofit yang Melayani Rumah Tangga (PK-LNPRT)               Consumption Expenditure Component of Non-profit Institutions
sebesar 12,48%. Sementara inflasi tercatat tetap rendah sebesar       Serving Households (PK-LNPRT) at 12.48%. Meanwhile, inflation
1,57% di Desember 2024.                                               was recorded to remain low at 1.57% in December 2024.

Di sektor minyak dan gas (migas), dalam rangka meningkatkan           In the oil and gas sector, in order to improve energy security, the
ketahanan energi, pemerintah terus menjaga lifting migas              government continued to maintain oil and gas lifting throughout
sepanjang tahun 2024. Akumulasi lifting migas pada tahun 2024         2024. Accumulated oil and gas lifting in 2024 was 1,606.4 mboepd,
sebesar 1.606,4 mboepd, dengan lifting minyak bumi 579,7 mbopd        with oil lifting of 579.7 mbopd and natural gas of 5,481 mmscfd
dan gas bumi sebesar 5.481 mmscfd (setara 978,8 mboepd). Hal          (equivalent to 978.8 mboepd). It is proportional to the expansion
ini sebanding dengan perluasan akses energi bagi masyarakat           of energy access for domestic communities. Meanwhile, national
di dalam negeri. Sementara, pemanfaatan gas bumi nasional             natural gas utilization in 2024 was 5,786 BBTUD, the portion for
pada tahun 2024 sebesar 5.786 BBTUD, porsi untuk kebutuhan            domestic needs reached 67% or 3,881 BBTUD, and the remaining
domestik mencapai 67% atau sebesar 3.881 BBTUD, dan sisanya           for export needs 33% or 1,905 BBTUD.
untuk kebutuhan ekspor 33% atau 1.905 BBTUD.

Geliat sektor migas juga dapat terlihat dari realisasi investasi      The movement of the oil and gas sector can also be seen from
sektor ESDM mencapai USD32,3 miliar, meningkat dibandingkan           the realization of investment in the EMR sector reaching USD32.3
dengan tahun 2023 dengan realisasi sebesar USD29,9 miliar.            billion, an increase compared to 2023 with a realization of USD29.9
Berdasarkan angka tersebut, investasi untuk subsektor migas           billion. Based on this figure, investment in the oil and gas sub-
menjadi yang terbesar dengan nilai USD17,5 miliar, diikuti oleh       sector is the largest with a value of USD17.5 billion, followed by
lainnya seperti mineral dan batu bara, ketenagalistrikan dan Energi   others such as minerals and coal, electricity and New Renewable
Baru, Terbarukan, dan Konservasi Energi (EBTKE).                      Energy, and Energy Conservation (EBTKE).

ANALISIS KINERJA PERUSAHAAN                                           COMPANY PERFORMANCE ANALYSIS

Strategi dan Kebijakan                                                Strategy and Policy
Dalam sebuah perusahaan, kebijakan strategis memegang peranan         In a company, strategic policy plays a crucial role in the
penting dalam pelaksanaan proses pembuatan keputusan untuk            implementation of the decision-making process to determine
menentukan tujuan dan cara terbaik guna mencapai tujuannya.           the objectives and the best way to achieve its goals. Therefore,
Oleh karena itu, kami senantiasa mencermati setiap perubahan          we always pay close attention to any changes in the business
kondisi lingkungan bisnis yang terjadi, baik yang bersifat            environment that occur, both external and internal to achieve the
eksternal maupun internal dalam rangka mencapai sasaran bisnis        Company’s business goals and objectives.
dan tujuan Perseroan.

Melihat perkembangan ekonomi sepanjang tahun 2024,                    Considering the economic development throughout 2024, the
Perseroan menghadapi beberapa tantangan di antaranya                  Company faces several challenges including geopolitical instability
ketidakstabilan geopolitik dan perubahan kebijakan, kompetensi        and policy changes, increasingly tight business competencies,
bisnis yang semakin ketat, stagnansi pasar dan ketidakpastian         market stagnation and upstream market uncertainty, however,
pasar hulu namun peluang market development masih terbuka.            market development opportunities are still open. To face some
Untuk menghadapi beberapa tantangan tersebut, Perseroan               of these challenges, the Company made a strategic plan, namely
membuat rencana strategis, yaitu meningkatkan optimalisasi            increasing process optimization to increase competitiveness,
proses guna meningkatkan daya saing, mendorong perkembangan           encouraging business development for more aggressive growth,




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bisnis untuk pertumbuhan yang lebih agresif, meningkatkan              increasing profitability and financial stability, and increasing
profitabilitas dan stabilitas keuangan serta peningkatan kapabilitas   employee capabilities and competencies.
dan kompetensi karyawan.

Sepanjang tahun 2024, kami mengimplementasikan berbagai                Throughout 2024, we implemented various strategies to
strategi untuk memperkuat daya saing dan mendorong                     strengthen our competitiveness and drive sustainable growth.
pertumbuhan berkelanjutan. Pertama, Enhance People                     First, Enhance People Development for Long-Term Advantages.
Development for Long Term Advantages, strategi ini berfokus            This strategy focuses on developing competencies in a structured
pada peningkatan kompetensi secara terstruktur dan berorientasi        and long-term oriented manner. Through this strategy, the
jangka panjang. Melalui strategi ini, Perseroan juga memperkuat        Company also strengthens the culture of Health, Safety, Security,
budaya Health, Safety, Security, and Environment (HSSE), nilai         and Environment (HSSE), the value of AKHLAK, and encourages
AKHLAK, serta mendorong perbaikan berkelanjutan. Selain itu,           continuous improvement. In addition, organizational effectiveness
efektivitas organisasi dan manajemen korporasi terus ditingkatkan      and corporate management continue to be improved with a
dengan pendekatan berbasis data.                                       data-based approach.

Selanjutnya, strategi Process Optimization to Increase                 Then, Process Optimization to Increase Competitiveness strategy.
Competitiveness, Elnusa mengoptimalkan keunggulan operasional          Elnusa optimizes operational excellence by strengthening
melalui penguatan Supply Chain Management, Project                     Supply Chain Management, Project Management, and Asset
Management, dan Asset Management yang didukung oleh                    Management, which is supported by digitalization. HSSE and
digitalisasi. HSSE dan sustainability juga menjadi prioritas dengan    sustainability are also prioritized by implementing Environmental,
menerapkan pedoman Environmental, Social, and Governance               Social, and Governance (ESG) guidelines in every business
(ESG) dalam setiap proses bisnis. Di sisi lain, peningkatan kualitas   process. On the other hand, product and service quality
produk dan layanan terus dilakukan guna meningkatkan kepuasan          continues to be improved to enhance customer satisfaction and
pelanggan serta daya saing Perusahaan.                                 the Company’s competitiveness.

Untuk mendukung pertumbuhan yang lebih agresif, kami                   To support more aggressive growth, we implemented the
menerapkan strategi Encourage Business Development for More            Encourage Business Development for More Aggressive
Aggressive Growth yang diterapkan dengan mengoptimalkan                Growth strategy by optimizing our existing portfolio, creating
portofolio yang sudah ada, menciptakan pendapatan berulang             recurring income, and diversifying our business through
(recurring income), serta mendiversifikasi bisnis melalui              core competency development.
pengembangan kompetensi inti.

Terakhir, dalam rangka Increased Profitability and Financial           Lastly, in the context of Increased Profitability and Financial
Stability, Elnusa meningkatkan implementasi serta monitoring           Stability, Elnusa improved the implementation and monitoring
mitigasi risiko, mengoptimalkan efisiensi biaya, serta mempercepat     of risk mitigation, optimized cost efficiency, and accelerated the
proses koleksi piutang usaha. Upaya peningkatan rasio credit rating    collection process of trade receivables. Efforts to improve the credit
dan menjaga stabilitas finansial terus dilakukan, sejalan dengan       rating ratio and maintain financial stability continue, in line with
target percepatan peningkatan laba bersih di masa mendatang.           the target of accelerating the increase in net profit in the future.
Dengan strategi ini, Elnusa berkomitmen untuk terus tumbuh,            With this strategy, Elnusa is committed to continuously growing,
berinovasi, dan memperkuat posisinya sebagai perusahaan energi         innovating, and strengthening its position as a competitive and
yang kompetitif dan berkelanjutan.                                     sustainable energy company.

Selama tahun 2024, sinergi dan kolaborasi antar Elnusa Group           During 2024, synergy and collaboration between Elnusa Group
juga menjadi salah satu strategi yang terus dijalankan guna            was also one of the strategies that continued to be implemented
meningkatkan pertumbuhan bisnis Perseroan. Beberapa proyek             to increase the Company’s business growth. Several inter-group
sinergi antar group yang dilakukan antara lain penyediaan              synergy projects carried out include the provision of Chemical,
Chemical, BBM, Lubricant oleh Elnusa Petrofin, jasa Marine &           Fuel, and Lubricant by Elnusa Petrofin, Marine & Offshore
Offshore Support oleh Elnusa Trans Samudera, pembangunan               Support services by Elnusa Trans Samudera, Depot construction
Depo oleh EPCOM, jasa karoseri mobil tangki oleh EFK serta             by EPCOM, tank car body services by EFK, and several other
beberapa proyek sinergi lainnya. Sinergi dan kolaborasi antar          synergy projects. Synergy and collaboration between entities
entitas dalam Elnusa Group juga diperkuat, didukung oleh               in the Elnusa Group were also strengthened, supported by
investasi yang prudent, strategic partnership, serta selective untuk   prudent investment, strategic partnership, and selective to
memperluas peluang bisnis.                                             expand business opportunities.




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Sebagai pemimpin dalam sektor jasa energi Indonesia, kami              As a leader in Indonesia’s energy services sector, we continue to
terus memberikan solusi dan inovasi untuk menjawab tantangan           provide solutions and innovations to address customer challenges
pelanggan serta mendukung program Swasembada Energi                    and support the National Energy Self-Sufficiency program. In
Nasional. Pada tahun 2024, kami berhasil menerapkan berbagai           2024, we managed to implement various innovations that not
inovasi yang tidak hanya meningkatkan efisiensi operasional,           only improve operational efficiency but also contribute to the
tetapi juga berkontribusi pada keberlanjutan industri energi.          sustainability of the energy industry.

Kami berinisiatif menjalankan solusi ramah lingkungan melalui          We take the initiative to run environmentally friendly solutions
berbagai inovasi di bidang eksplorasi dan produksi energi. Salah       through various innovations in the field of energy exploration and
satu terobosannya adalah Low Passive Seismic, teknologi yang           production. One of the breakthroughs is Low Passive Seismic, a
memungkinkan pemetaan kondisi bawah permukaan tanpa                    technology that allows mapping of subsurface conditions without
menggunakan bahan peledak, melainkan dengan memanfaatkan               using explosives but by utilizing the earth’s natural vibration
gelombang getaran alami bumi. Inovasi ini dikembangkan                 waves. This innovation was developed with Pertamina Hulu
bersama Pertamina Hulu Energi Upstream Innovation (PHE UI)             Energi Upstream Innovation (PHE UI) to support more sustainable
untuk mendukung eksplorasi yang lebih berkelanjutan. Selain            exploration. In addition, Pertabocsy, a collaboration with Pertamina
itu, Pertabocsy, hasil kolaborasi dengan Pertamina Hulu Energi,        Hulu Energi, allows the detection of petroleum potential through
memungkinkan deteksi potensi minyak bumi melalui anomali               subsurface heat anomalies, accelerating the resource identification
panas bawah permukaan, mempercepat proses identifikasi                 process without damaging the environment. Meanwhile, the CO
sumber daya tanpa merusak lingkungan. Sementara itu, CO Log            Log is used to monitor fluid conditions in oil and gas wells, helping
digunakan untuk memonitor kondisi fluida dalam sumur migas,            to improve oil production efficiency, especially in old wells.
membantu meningkatkan efisiensi produksi minyak terutama
pada sumur-sumur tua.

Selain inovasi ramah lingkungan, Elnusa juga mengadopsi                In addition to environmentally friendly innovations, Elnusa also
digitalisasi dalam proses bisnis untuk meningkatkan efisiensi          adopts digitalization in business processes to improve operational
operasional. Portable Well Test, yang dikembangkan oleh anak           efficiency. The Portable Well Test, developed by a subsidiary,
perusahaan, Sigma Cipta Utama, memungkinkan pengujian sumur            Sigma Cipta Utama, allows real-time testing of geothermal wells,
panas bumi secara real-time, menghasilkan data yang lebih cepat        producing faster and more accurate data for decision-making.
dan akurat untuk pengambilan keputusan. Tidak hanya itu, Well          Furthermore, the Well ProLite System provides a digital-based
ProLite System menghadirkan solusi pemantauan sumur berbasis           wells monitoring solution using SRP and ESP, ensuring wells
digital menggunakan SRP dan ESP, memastikan kinerja sumur              performance remains optimal and efficient. With these various
tetap optimal dan efisien. Dengan berbagai inovasi ini, Elnusa terus   innovations, Elnusa continues to strive to provide solutions that
berupaya menghadirkan solusi yang tidak hanya meningkatkan             not only increase productivity but also preserve the environment.
produktivitas tetapi juga menjaga kelestarian lingkungan.

Dalam rangka peningkatan tata kelola nilai Tingkat Komponen            In order to improve the governance of the value of the Domestic
Dalam Negeri (TKDN), Elnusa mengembangkan Foam Pigging                 Component Level (TKDN), Elnusa developed National Foam Pigging
Nasional untuk menggantikan penggunaan produk impor dalam              to replace the use of imported products in oil and gas pipeline
pembersihan pipa migas. Inovasi ini telah diimplementasikan            cleaning. This innovation has been implemented in Pertamina
di Pertamina Hulu Rokan dan Pertamina Hulu Mahakam, serta              Hulu Rokan and Pertamina Hulu Mahakam, and won an award in
meraih penghargaan dalam Upstream Innovation Award 2024.               the Upstream Innovation Award 2024.

PERANAN DIREKSI DALAM PERUMUSAN                                        ROLE OF THE BOARD OF DIRECTORS IN THE
DAN PROSES YANG DILAKUKAN DALAM                                        FORMULATION AND PROCESS OF ENSURING
MEMASTIKAN PENERAPAN STRATEGI DAN                                      THE STRATEGY AND POLICY IMPLEMENTATION
KEBIJAKAN
Kami menyusun strategi dan kebijakan Perseroan dalam jangka            We formulate the Company’s strategies and policies in the short
pendek dan menengah dalam bentuk strategi korporat serta               and medium term in the form of corporate strategies and the
Rencana Kerja dan Anggaran Perusahaan (RKAP) yang selaras              Company’s Annual Budget and Operational Plan (ABOP) that align
dengan visi dan misi yang telah ditetapkan. Direksi bersama            with the predetermined vision and mission. The Board of Directors,
jajaran manajemen melakukan evaluasi berkala terhadap strategi         together with the management, conducts periodic evaluations
dan kebijakan serta implementasinya di seluruh level organisasi.       of strategies and policies and their implementation at all levels
Evaluasi ini bertujuan untuk memastikan bahwa strategi                 of the organization. This evaluation aims to ensure that Elnusa’s
dan kebijakan Elnusa masih relevan dengan perkembangan                 strategies and policies are still relevant to business developments
bisnis dan penerapannya telah berjalan sesuai dengan tujuan            and the implementation has been running in accordance with the
dan target Perusahaan.                                                 Company’s objectives and targets.




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Direksi mengambil peran aktif untuk memastikan bahwa seluruh           The Board of Directors actively participates to ensure that all
bagian organisasi memahami serta mengimplementasikan strategi          parts of the organization understand and implement the strategy
secara konsisten. Di samping itu, Direksi juga terlibat langsung       consistently. In addition, the Board of Directors is also directly
dalam pengawasan penerapan strategi dibantu oleh organ tata            involved in monitoring the implementation of the strategy,
kelola di bawah Direksi beserta organ pendukung lainnya, dalam         assisted by the governance organs under the Board of Directors
mengawasi realisasi pelaksanaan strategi dan kebijakan Perseroan       and other supporting organs, in supervising the realization of the
agar berada di jalur yang tepat.                                       implementation of the Company’s strategies and policies to be
                                                                       on the right track.

Penerapan dari strategi dan kebijakan Perseroan senantiasa             The implementation of the Company’s strategies and policies is
dimonitor secara rutin melalui rapat kinerja atau manajemen            regularly monitored through weekly performance meetings or
meeting rutin mingguan untuk seluruh segmen bisnis Elnusa hingga       management meetings for all Elnusa business segments up to
ke Anak Perusahaan untuk memastikan pencapaian target bisnis           the Subsidiaries to ensure the achievement of business targets
dan pertumbuhan Perseroan. Di tahun 2024, kinerja Perseroan            and the Company’s growth. In 2024, the Company’s performance
menunjukkan pertumbuhan dan pencapaian yang melebihi target            showed growth and achievements that exceeded the 2024 target
2024 maupun realisasi tahun sebelumnya.                                and the previous year’s realization.

TANTANGAN DAN ANTISIPASI YANG                                          CHALLENGES AND ANTICIPATIONS
DILAKUKAN
Sebagaimana yang telah diungkapkan sebelumnya, pada tahun              As previously stated, in 2024, Elnusa faced various challenges
2024, Elnusa menghadapi berbagai tantangan dalam makro                 in a dynamic macroeconomy. Geopolitical instability and
ekonomi yang dinamis. Ketidakstabilan geopolitik dan perubahan         policy changes, increasingly tight business competencies,
kebijakan, kompetensi bisnis yang semakin ketat, stagnansi pasar       market stagnation, and upstream market uncertainty are also
dan ketidakpastian pasar hulu yang juga disertai dengan peluang        accompanied by opportunities for market development. Facing
masih terbukanya market development. Menghadapi hal ini, selain        these challenges, in addition to implementing the right strategies
menerapkan strategi dan kebijakan yang tepat, kami juga berfokus       and policies, we also focus on strengthening internal capabilities,
pada penguatan kapabilitas internal, pengembangan inovasi,             developing innovations, and improving operational efficiency to
serta peningkatan efisiensi operasional untuk menjaga daya             maintain competitiveness. We continue to develop synergies with
saing. Kami terus mengembangkan sinergi dengan mitra strategis,        strategic partners, expand our business portfolio, and optimize
memperluas portofolio bisnis, serta mengoptimalkan teknologi           technology to improve productivity and business sustainability.
untuk meningkatkan produktivitas dan keberlanjutan usaha.

Di sisi lain, fluktuasi harga minyak global dan pergeseran menuju      On the other hand, fluctuations in global oil prices and the shift
energi terbarukan menuntut Perseroan untuk beradaptasi                 towards renewable energy require the Company to adapt quickly.
secara cepat. Dinamika transisi energi menjadi faktor yang             The dynamics of the energy transition is a factor that continues to
terus dipantau. Seiring dengan upaya pemerintah dalam                  be monitored. Along with the government’s efforts to strengthen
memperkuat ketahanan energi nasional, industri migas masih             national energy security, the oil and gas industry still has a strategic
memiliki peran strategis dalam memastikan pasokan energi yang          role in ensuring reliable energy supply. Investment in the upstream
andal. Investasi di sektor hulu tetap menjadi prioritas, guna          sector remains a priority to increase national production.
meningkatkan produksi nasional.

Bagi Perseroan, kondisi tersebut memberikan peluang sekaligus          For the Company, these conditions provide both opportunities
tantangan. Di satu sisi, permintaan energi dan solusi layanan akan     and challenges. Notably, the demand for energy and service
tetap stabil terutama dalam mendukung operasional eksplorasi,          solutions will remain stable, especially in supporting energy
produksi, dan distribusi energi di Indonesia. Namun, tantangan         exploration, production, and distribution operations in Indonesia.
efisiensi biaya, implementasi teknologi digitalisasi, serta adaptasi   However, the challenges of cost efficiency, implementation of
terhadap tren keberlanjutan menjadi aspek yang harus diperhatikan      digitalization technology, and adaptation to sustainability trends
agar Perseroan tetap kompetitif. Dalam menghadapi dinamika ini,        are aspects that must be considered for the Company to remain
Perseroan berkomitmen untuk meningkatkan efisiensi operasional,        competitive. In facing these dynamics, the Company is committed
memperkuat portofolio layanan, serta mengoptimalkan sinergi            to improving operational efficiency, strengthening its service
dengan induk perusahaan dan mitra strategis. Dengan strategi yang      portfolio, and optimizing synergies with its parent company and
adaptif dan berorientasi pada keberlanjutan, Perseroan optimis         strategic partners. With an adaptive and sustainability-oriented
dapat menjaga kinerja positif serta memberikan nilai tambah bagi       strategy, the Company is optimistic that it can maintain positive
seluruh pemangku kepentingan.                                          performance and provide added value to all stakeholders.




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Selain itu, persaingan yang ketat dalam sektor jasa energi            In addition, intense competition in the energy services sector
menambah kompleksitas operasional bisnis. Mengatasi hal               adds to the complexity of business operations. To address this,
ini, Elnusa menyelenggarakan acara Economic & Business                Elnusa organized the Economic & Business Outlook 2025 event to
Outlook 2025 dalam rangka meningkatkan kompetensi serta               improve employees’ competence and knowledge in understanding
pengetahuan karyawan dalam memahami tren ekonomi dan                  economic trends and growth opportunities.
peluang pertumbuhan.

Elnusa juga fokus untuk melakukan diversifikasi portofolio bisnis     Elnusa also focused on diversifying its business portfolio and asset
dan optimalisasi aset. Hasilnya, Perseroan berhasil meningkatkan      optimization. As a result, the Company managed to increase its net
capaian laba bersih yang sekaligus mencerminkan efektivitas           profit, which also reflects the effectiveness of the diversification
strategi diversifikasi dan efisiensi operasional yang diterapkan      strategy and operational efficiency implemented by management.
oleh manajemen.

Dalam rangka menjaga momentum pertumbuhan, Elnusa                     In order to maintain growth momentum, Elnusa has prepared a
telah mempersiapkan strategi unggulan untuk tahun 2025,               flagship strategy for 2025, including establishing new partnerships
termasuk menjalin kemitraan baru untuk memperluas pasar dan           to expand markets and improve competitiveness. Elnusa also
meningkatkan daya saing. Elnusa juga berencana mengembangkan          plans to develop superior services in the management of business
layanan unggulan dalam pengelolaan unit bisnis di sektor distribusi   units in the energy distribution and logistics sector and upstream
dan logistik energi serta jasa hulu migas, pada saat yang sama        oil and gas services, while at the same time exploring appropriate
menjajaki peluang investasi yang tepat guna.                          investment opportunities.

PENCAPAIAN KINERJA 2024 DAN                                           2024 PERFORMANCE ACHIEVEMENT AND
PERBANDINGANNYA DENGAN TARGET                                         COMPARISON WITH TARGET
Pencapaian kinerja tahun 2024 baik dari pendapatan, laba usaha        Achievement of performance in 2024, either from revenue,
maupun kinerja lainnya secara umum berhasil mencapai di               operating profit, or other performance in general, managed to
atas target yang ditentukan dalam RKAP 2024 dan mengalami             achieve above the target set in ABOP 2024 and experienced an
pertumbuhan dari tahun sebelumnya. Pencapaian ini terjadi di          increase from the previous year. This achievement occurred
hampir seluruh unit bisnis Perseroan, baik upstream business,         in almost all of the Company’s business units, both upstream
distribution & logistic maupun support upstream.                      business, distribution & logistics, and upstream support.

Pada tahun 2024, pendapatan dari kegiatan usaha Penjualan             In 2024, revenue from the Sales of Goods and Distribution and
Barang dan Jasa Distribusi dan Logistik Energi mencapai Rp7,1         Energy Services business activities reached Rp7.08 trillion, up
triliun naik 0,6% dibandingkan tahun 2023 sebesar Rp7,0 triliun.      0.6% compared to Rp7.04 trillion in 2023. This business segment
Segmen usaha ini berkontribusi 50,6% terhadap total pendapatan.       contributed 50,6% to total revenue. The increase in revenue from
Kenaikan pendapatan dari kegiatan usaha Penjualan Barang dan          the Sales of Goods and Services Distribution and Energy business
Jasa Distribusi dan Logistik Energi didorong oleh peningkatan         activities was driven by an increase in thruput volume in line with
volume thruput seiring dengan peningkatan aktivitas masyarakat,       the increase in community activities, the addition of new projects,
penambahan proyek baru, serta pengembangan proyek angkutan            and the development of non-BBM transportation projects.
non-BBM.

Pendapatan dari jasa hulu migas terintegrasi mencapai Rp5,1           Revenue from integrated upstream oil and gas services reached
triliun, naik 19,8% dibandingkan tahun sebelumnya sebesar Rp4,3       Rp5.1 trillion, up 19.7% from Rp4.3 trillion in the previous year. This
triliun. Kegiatan usaha ini berkontribusi 37,8% terhadap total        business activity contributed 37,8% to total revenue. The increase
pendapatan. Kenaikan pendapatan dari jasa hulu migas terintegrasi     in revenue from integrated upstream oil and gas services was
terutama disebabkan oleh lini bisnis Geoscience & Reservoir           mainly due to the Geoscience & Reservoir Services (GRS) business
Services (GRS) yang mengalami peningkatan penyelesaian proyek         line which experienced an increase in seismic project completion
seismik serta lini bisnis Engineering, Procurement, Construction,     and the Engineering, Procurement, Construction, Operation
Operation & Maintenance (EPCOM) yang berhasil menerapkan              & Maintenance (EPCOM) business line which successfully
strategi perusahaan dalam mengoptimalkan layanan berbasis             implemented the company’s strategy in optimizing technology-
teknologi dan efisiensi operasional di sektor hulu migas.             based services and operational efficiency in the upstream oil and
                                                                      gas sector.

Pendapatan dari jasa penunjang migas mencapai Rp1,80 triliun          Revenue from oil and gas supporting services reached Rp1.8
turun 1,1% dari tahun sebelumnya sebesar Rp1,82 triliun, serta        trillion, down 1.1% from the previous year of Rp1.82 trillion,
berkontribusi 11,6% terhadap total pendapatan Perseroan.              and contributed 11,6% to the Company’s total revenue. The
Penurunan pendapatan dari jasa penunjang migas terjadi                decrease in revenue from oil and gas supporting services occurred




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disebabkan oleh penurunan pada anak perusahaan yaitu pada            due to a decrease in subsidiaries, namely in the Information
lini bisnis Jasa Information Management System di Patra Nusa         Management System Services business line at Patra Nusa Data
Data dan pada lini bisnis Maintenance Service di Elnusa Fabrikasi    and in the Maintenance Service business line at Elnusa Fabrication
Konstruksi.                                                          Construction.

Dari sisi keuangan, pada tahun 2024, Perseroan mencatatkan           In terms of finance, in 2024, the Company recorded revenue of
pendapatan sebesar Rp13,4 triliun naik 6,6% dari tahun               Rp13.4 trillion, an increase of 7% from the previous year of Rp12.6
sebelumnya sebesar Rp12,6 triliun. Jika dibandingkan dengan          trillion. When compared to the ABOP target, we managed to
target RKAP, kami berhasil mencatatkan capaian pendapatan            record a revenue achievement of 128.1%. We also managed to
sebesar 128,1%. Kami juga berhasil meraih laba bersih sebesar        achieve a net profit of Rp714 billion, a significant increase of 42%
Rp713,6 miliar mengalami kenaikan siginifikan sebesar 41,8% dari     from the previous year of Rp503 billion. The Company’s net profit
tahun sebelumnya sebesar Rp503,1 miliar. Laba bersih Perseroan       reached 173.1% compared to the ABOP target.
mencapai 173,1% dibandingkan dengan target RKAP.

TATA KELOLA PERUSAHAAN                                               CORPORATE GOVERNANCE
Dalam perjalanan, kami selalu berusaha untuk mengedepankan           In our journey, we always strive to prioritize the principles of
prinsip tata kelola perusahaan yang baik (Good Corporate             good corporate governance (GCG), transparency, and innovation
Governance/GCG), transparansi, serta inovasi dalam setiap            throughout our every step. We also understand that the issuance
langkah kami. Kami juga memahami dengan diterbitkannya               of the Indonesian General Guidelines for Corporate Governance
Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2021,             (PUGKI) 2021 is not just about complying with the principles of
bukan hanya sekadar mematuhi prinsip governansi korporat             corporate governance in the form of preparing a set of internal
dalam bentuk penyusunan seperangkat aturan internal korporasi,       corporate rules but also encouraging the best corporate
melainkan juga mendorong praktik governansi korporat terbaik         governance practices in accordance with corporate needs to
sesuai dengan kebutuhan korporasi dalam rangka menciptakan           create sustainable value.
nilai yang berkelanjutan.

Kami meyakini kesungguhan dan tranparansi dalam penerapan            We believe that sincerity and transparency in GCG implementation
GCG akan membangun kepercayaan para pemangku kepentingan             will build stakeholders’ trust in the Company. In the long run, the
kepada Perseroan. Dalam jangka panjang, Perseroan dapat              Company can maintain and even increase the trust of stakeholders
mempertahankan bahkan meningkatkan kepercayaan para                  through consistency in the implementation of corporate
pemangku kepentingan melalui konsistensi dalam penerapan             governance principles consisting of Ethics, Transparency,
prinsip governansi korporat yang terdiri dari Etika, Transparansi,   Accountability, and Sustainability (ETAK).
Akuntabilitas, dan Keberlanjutan (ETAK).

Selaras dengan tahun-tahun sebelumnya, kami kembali melakukan        In line with previous years, we assessed again our GCG
penilaian atas penerapan GCG menggunakan parameter ASEAN             implementation using the ASEAN CG Scorecard parameters
CG Scorecard bekerja sama dengan Indonesia Institute for             in collaboration with the Indonesia Institute for Corporate
Corporate Directorship (IICD). Hasilnya, kami meraih capaian skor    Directorship (IICD). As a result, we achieved a score of 98.68
sebesar 98,68 dengan predikat kategori “Very Good” yang artinya      with the title of “Very Good” category, which means that the
implementasi tata kelola korporasi Perseroan sudah mematuhi          Company’s corporate governance implementation complies with
standar internasional sebagaimana disyaratkan oleh ACGS.             international standards as required by ACGS.

SUMBER DAYA MANUSIA                                                  HUMAN RESOURCES
Dalam menghadapi tantangan dan dinamika pasar yang terus             In dealing with the challenges and changing market dynamics, we
berubah, kami menempatkan pengelolaan dan pengembangan               place the management and development of Human Resources
Sumber Daya Manusia (SDM) sebagai pilar utama keberhasilan           (HR) as the main pillar of the Company’s success. The Company,
Perseroan. Perseroan melalui Divisi Human Capital, berkomitmen       through the Human Capital Division, is committed to continuously
untuk terus mengembangkan dan mempertahankan SDM unggul              developing and maintaining excellent human resources who are
yang siap menghadapi perubahan dan tantangan di masa depan.          ready to face changes and challenges in the future.

Penerapan strategi SDM dirancang untuk membangun tenaga              The implementation of HR strategies is designed to build
kerja yang kompeten, adaptif, dan produktif, sehingga mampu          a competent, adaptive, and productive workforce, so as to
berkontribusi secara optimal dalam mendukung pencapaian visi,        contribute optimally in supporting the achievement of the vision,
misi, serta target jangka panjang.                                   mission, and long-term targets.




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Perseroan memastikan bahwa setiap individu memiliki peluang          The Company ensures that every individual has the opportunity
untuk bertumbuh dan memberikan nilai tambah bagi organisasi          to thrive and add value to the organization through an approach
yang dijalankan melalui pendekatan yang berorientasi pada            oriented towards skills development, innovation, and a
pengembangan keterampilan, inovasi, dan budaya kerja yang            collaborative work culture. By doing so, we can continuously
kolaboratif. Dengan demikian, kami dapat terus meningkatkan          improve our competitiveness and maintain our position as a
daya saing dan mempertahankan posisi sebagai pemimpin di             leader in an evolving industry.
industri yang terus berkembang.

Kami secara proaktif juga mengimplementasikan berbagai program       We also proactively implement various technology-based
pengembangan berbasis teknologi, pelatihan berkelanjutan, serta      development programs, continuous training, and talent
sistem manajemen talenta yang mendukung pertumbuhan karier           management systems that support employee career growth.
karyawan. Dengan strategi ini, Perseroan memastikan bahwa SDM        With this strategy, the Company ensures that its human resources
yang dimiliki tidak hanya memiliki kapabilitas yang relevan dengan   not only have capabilities relevant to business needs but can
kebutuhan bisnis, tetapi juga mampu beradaptasi dan memberikan       also adapt and make maximum contributions in supporting
kontribusi maksimal dalam mendukung keberlanjutan Perseroan.         the Company’s sustainability.

TEKNOLOGI INFORMASI                                                  INFORMATION TECHNOLOGY
Di masa saat ini, perkembangan teknologi perlu disikapi secara       At this time, technological developments need to be addressed
bijak agar memberikan manfaat yang optimal dalam mencapai            wisely to provide optimal benefits in achieving business goals.
tujuan usaha. Untuk itu, dalam rangka meningkatkan efektivitas       Therefore, in order to improve the effectiveness and efficiency
dan efisiensi dalam menjalankan aktivitas bisnis, Perseroan          in carrying out business activities, the Company standardized
telah melakukan standardisasi sistem Teknologi Informasi (TI) di     the Information Technology (IT) system within the Company
lingkungan Perseroan dan entitas anak.                               and its subsidiaries.

Meningkatnya serangan siber di tahun ini, khususnya pada             The increase in cyber attacks this year, especially on companies
perusahaan-perusahaan yang bergerak di sektor energi dan             engaged in the energy sector and its supporters, has prompted
pendukungnya, mendorong Perseroan lebih waspada sehingga             the Company to be more vigilant so as to improve the security of
dilakukan peningkatan keamanan sistem yang ada. Perseroan            existing systems. The Company has made new policies related to
telah membuat kebijakan-kebijakan baru yang berhubungan              IT security such as implementing end point security throughout
dengan keamanan TI seperti melakukan implementasi end point          Elnusa Group, implementing the latest IT architecture, upgrading
security di seluruh Elnusa Group, implementasi TI architecture       endpoint security and server operating systems, upgrading and
terbaru, upgrade endpoint security dan operating system server,      adding firewalls, migrating old application frameworks to the
melakukan upgrade dan penambahan firewall, melakukan migrasi         latest application frameworks and implementing Multi Factor
framework aplikasi lama ke framework aplikasi yang terbaru serta     Authentication (MFA) on all applications.
melakukan implementasi Multi Factor Authentication (MFA) pada
seluruh aplikasi.

Selain meningkatkan sistem keamanan informasi, Perseroan             In addition to improving the information security system, the
tetap melanjutkan program digitalisasi. Salah satu produk di         Company continues its digitalization program. One of the products
tahun 2024 adalah aplikasi Business Support System (Bisys),          in 2024 is the Business Support System (Bisys) application. The
penggunaan aplikasi ini bertujuan untuk meningkatkan keandalan       use of this application aims to improve the reliability of internal
pengendalian internal terkait verifikasi, pencatatan dan             controls related to the verification, recording, and payment
pembayaran transaksi keuangan, sehingga menunjang kinerja            of financial transactions, thus supporting the Company’s
perusahaan dalam mencapai tujuan Perseroan. Sedangkan untuk          performance in achieving the Company’s objectives. Meanwhile,
mendukung kegiatan operasional, departemen TI juga turut             to support operational activities, the IT department also develops
mengembangkan infrastruktur dan aset TI, penyediaan alat kerja       IT infrastructure and assets, provides IT work tools, and manages
TI, serta pengelolaan server dan perangkat pendukung data center.    servers and data center support devices.

PERUBAHAN KOMPOSISI ANGGOTA DIREKSI                                  CHANGES IN THE COMPOSITION OF THE
                                                                     BOARD OF DIRECTORS
Hingga akhir tahun 2024, Perseroan tidak mengalami perubahan         Until the end of 2024, the Company did not experience any
atas komposisi anggota Direksi. Perubahan anggota Direksi            changes to the composition of the Board of Directors. The last
terakhir dilakukan melalui RUPS Luar Biasa tanggal 17 Januari        change in members of the Board of Directors was made through
2024 sebagaimana yang telah dilaporkan pada Laporan Tahunan          the Extraordinary GMS on January 17, 2024, as reported in the




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sebelumnya. Dengan demikian susunan anggota Direksi Perseroan         previous Annual Report. Therefore, the current composition of the
saat ini adalah sebagai berikut:                                      Company’s Board of Directors is as follows:


                     Jabatan                                 Nama | Name                                      Position
 Direktur Utama                                         Bachtiar Soeria Atmadja                                          President Director
 Direktur Operasi                                           Endro Hartanto                                           Director of Operations
 Direktur Keuangan                                           Stanley Iriawan                                             Director of Finance
 Direktur Pengembangan Usaha                             Arief Prasetyo Handoyo                           Director of Business Development
 Direktur SDM & Umum                                        Hera Handayani                      Director of Human Capital & General Affairs



PROSPEK USAHA                                                         BUSINESS OUTLOOK
Kondisi industri migas di tahun 2025 diperkirakan akan dipengaruhi    The condition of the oil and gas industry in 2025 is expected to
oleh keseimbangan antara pasokan dan permintaan migas.                be influenced by the balance between oil and gas supply and
Peningkatan produksi diproyeksikan akan dimulai pada Kuartal II       demand. The increase in production is projected to begin in the
tahun 2025, dengan demikian diprediksi akan menimbulkan               second quarter of 2025. Thus, it is predicted to cause a buildup of
penumpukan inventory, sedangkan pertumbuhan konsumsi migas            inventory while oil and gas consumption growth is also expected
juga diperkirakan akan melambat dibandingkan tren pra-pandemi         to slow down compared to the pre-pandemic trend of around 1.3
sekitar 1,3 mbpd, sehingga harga minyak mentah Brent diprediksi       mbpd, so that the price of Brent crude oil is predicted to decrease
akan turun menjadi USD75/bbl di Desember 2025.                        to USD75/bbl in December 2025.

Penurunan harga minyak ini akan berdampak terhadap aktivitas          This decline in oil prices will affect oil and gas activities. However,
migas. Namun, berdasarkan rapat Work Program and Budget               based on the 2025 Work Program and Budget meeting (WP&B
Tahun 2025 (WP&B 2025), SKK Migas bersama dengan Kontraktor           2025), SKK Migas, together with the Cooperation Contractors
Kontrak Kerja Sama (KKKS) telah menetapkan target lifting minyak      (KKKS), set a target of oil and condensate lifting of 599 thousand
dan kondesat sebesar 599 ribu BOPD dan lifting gas bumi sebesar       BOPD and natural gas lifting of 5,448 MMSCFD in 2025.
5,448 MMSCFD di tahun 2025.

Untuk menghadapi tantangan di masa depan, kami menyadari              To face the challenges ahead, we realize that a comprehensive
bahwa diperlukan beberapa strategi yang komprehensif dalam            strategy is needed in various aspects. From the operational aspect,
berbagai aspek. Dari aspek operasional, kami akan memperkuat          we will strengthen synergy through the Jupiter project as well as
sinergi melalui proyek Jupiter serta proyek sinergi di Pertamina      synergy projects in Pertamina Group. In addition, Elnusa will also
Group. Selain itu, Elnusa juga akan menjalin kemitraan strategis,     establish strategic partnerships, make new investments, and
melakukan investasi baru, serta menerapkan kontrak jangka             implement long-term contracts and investments more prudently.
panjang dan investasi dengan lebih prudent.

Pada aspek keuangan, kami berfokus pada peningkatan                   On the financial aspect, we focus on improving profitability margin
profitabilitas margin dan optimalisasi cash return. Perseroan         and optimizing cash return. The Company strives to improve
berupaya untuk meningkatkan Corporate Rating Pefindo idAA/            Pefindo’s Corporate Rating idAA/stable and idAA(sy) for Sukuk
stable dan idAA(sy) untuk Sukuk Ijarah Berkelanjutan I/2020           Ijarah Berkelanjutan I/2020 as a clear evidence of the Company’s
sebagai bukti nyata posisi profil keuangan Perseroan yang kuat        strong financial profile position and revenue diversification in the
serta adanya diversifikasi pendapatan di bisnis jasa pendukung        oil and gas support services business. In 2025, the Company is
minyak dan gas (migas). Pada tahun 2025, Perseroan berkomitmen        committed to pay off the maturity of Sukuk Ijarah Berkelanjutan
melunasi jatuh tempo Sukuk Ijarah Berkelanjutan I/2020 pada           I/2020 in August 2025.
bulan Agustus 2025.

Sementara itu, dari aspek strategis, kami akan mengeksplorasi         Meanwhile, from a strategic aspect, we will explore the potential
potensi bisnis baru yang berdekatan dengan bisnis inti Perseroan,     of new businesses adjacent to the Company’s core business,
memperkuat bisnis inti, serta melakukan diversifikasi usaha.          strengthen the core business, and diversify the business. The
Pengembangan kompetensi, kapabilitas, dan budaya juga menjadi         development of competencies, capabilities, and culture is also an
bagian penting dalam rangka penerapan strategi jangka panjang         important part of implementing long-term strategies to ensure the
guna memastikan daya saing Perseroan yang berkelanjutan.              Company’s sustainable competitiveness.




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Dalam rangka memenuhi peluang bisnis pada tahun-tahun               In order to fulfill business opportunities in the following years,
mendatang, Elnusa berencana untuk melakukan investasi               Elnusa plans to make investments in 2025, especially investments
di tahun 2025, terutama investasi yang dapat memberikan             that can provide additional revenue and increase the Company’s
tambahan revenue dan meningkatkan size bisnis dan pangsa            business size and market share. Investments in the upstream oil
pasar Perusahaan. Investasi pada segmen hulu migas di antaranya     and gas segment include Cementing, Coil Tubing Unit, Workover
terdapat pada Cementing, Coil Tubing Unit, Workover Rig, Well       Rig, Well Testing Unit, Electric Wireline Logging, and Logging Tools.
Testing Unit, Electric Wireline Logging, dan Logging Tools.

Dari segmen Penjualan Barang dan Jasa Distribusi dan Logistik       From the Sales of Goods and Services Distribution and Energy Logistics
Energi penguatan rantai pasok dilakukan melalui penambahan          segment, the strengthening of supply chains was carried out
armada Mobil Tanki di beberapa daerah wilayah di luar Jawa          through the addition of a fleet of Tank Cars in several regions
dan juga penambahan kapasitas bisnis infrastruktur pada             outside Java and also the addition of infrastructure business
pembangunan Terminal LPG di Sulawesi. Sedangkan, untuk              capacity in the construction of an LPG Terminal in Sulawesi.
segmen pendukung jasa hulu migas dilakukan penambahan               Meanwhile, for the upstream oil and gas service support segment,
kapasitas pada general warehousing anak perusahaan, investasi       additional capacity was added to the subsidiary’s general
barge dan docking accommodation, work barge, serta fabrikasi        warehousing, barge investment and docking accommodation,
peralatan penunjang migas.                                          work barge, and fabrication of oil and gas support equipment.

Di tahun yang akan datang, kami juga telah menyusun arahan          In the coming year, we have also developed a corporate strategy
strategi korporat yang akan diterapkan dalam menghadapi             directive that will be applied to deal with the dynamics of the
dinamika sektor industri energi saat ini yang mengkombinasikan      current energy industry sector that combines stability and growth.
antara stability dan growth. Direksi meyakini, dengan konsistensi   The Board of Directors believes that with consistency and focus
dan fokus terhadap Operation Excellence di semua lini bisnis,       on Operation Excellence in all lines of business, Elnusa will be able
Elnusa akan dapat mencapai seluruh target-target Perusahaan         to achieve all of the Company’s short-term and long-term targets.
yang telah disusun, baik target jangka pendek maupun target         In addition, by strengthening relationships with strategic partners
jangka panjang. Selain itu dengan memperkuat hubungan dengan        and adapting to changes in the industry by creating innovations,
para mitra strategis, serta beradaptasi dengan perubahan yang       we are optimistic to strengthen Elnusa’s position as a “Leading
terjadi di industri dengan menciptakan inovasi-inovasi, kami        Energy Services Company that Provides Total Solutions”.
optimis untuk menguatkan posisi Elnusa sebagai “Perusahaan Jasa
Energi Terkemuka yang Memberikan Solusi Total”.

Pada tahun 2025 mendatang, Elnusa tetap akan melanjutkan            By 2025, Elnusa will continue to explore new renewable energy
penjajakan pada new renewable energy pada ekosistem transisi        in the energy transition ecosystem. This aims to increase the
energi. Hal ini bertujuan untuk meningkatkan daya saing             Company’s competitiveness and provide long-term benefits for
Perusahaan serta memberikan manfaat jangka panjang untuk            business growth in supporting national energy security.
pertumbuhan bisnis dalam mendukung ketahanan energi nasional.

Kami juga memahami bahwa keberhasilan kami tidak hanya              We also understand that our success is determined not only
ditentukan oleh kinerja finansial dan operasional semata,           by our financial and operational performance but also by the
melainkan juga oleh dampak positif yang dapat kami berikan          positive impact we can have on the environment and surrounding
kepada lingkungan dan masyarakat sekitar. Oleh karena itu, kami     communities. Therefore, we are committed to continuously
berkomitmen untuk terus mengintegrasikan keberlanjutan dalam        integrating sustainability into our business strategy so that the
strategi bisnis kami, agar perusahaan ini tetap mampu tumbuh        Company can continue to grow in a healthy and responsible
secara sehat dan bertanggung jawab.                                 manner.

Melangkah ke depan, Perseroan akan terus memperkuat strategi        Moving forward, the Company will continue to strengthen its
keberlanjutan dengan fokus pada kegiatan bisnis yang ramah          sustainability strategy with a focus on environmentally friendly
lingkungan, peningkatan program sosial, dan penguatan tata          business activities, enhancing social programs, and strengthening
kelola perusahaan. Kami juga mengajak seluruh pemangku              corporate governance. We also invite all stakeholders to jointly
kepentingan untuk bersama-sama mewujudkan masa depan                realize a brighter, hopeful, sustainable, and inclusive future for the
yang lebih cerah, penuh harapan, berkelanjutan, dan inklusif bagi   next generation.
generasi mendatang.




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PENUTUP                                                            CLOSING
Atas kerja keras dan konsistensi seluruh manajemen dan             For the hard work and consistency of all Elnusa management and
Perwira Elnusa selama tahun 2024, Elnusa telah memperoleh          employees during 2024, Elnusa received awards in 2024, and
penghargaan-penghargaan di tahun 2024 dan tentunya seluruh         certainly, all the awards achieved by Elnusa during 2024 were a joint
penghargaan yang berhasil diraih Elnusa selama tahun 2024          success. The Board of Directors is grateful and highly appreciative
tersebut merupakan keberhasilan bersama. Direksi berterima         of the support and hard work of all Elnusa management and
kasih dan memberikan apresiasi setinggi-tingginya atas dukungan    employees who have contributed to work with dedication and
dan kerja keras seluruh manajemen dan Perwira Elnusa yang          love in carrying out their respective duties and responsibilities and
telah berkontribusi berkarya dengan penuh dedikasi dan             supporting the positive achievements made by the Company.
kecintaan dalam melaksanakan tugas dan tanggung jawab
masing-masing serta mendukung pencapaian-pencapaian positif
yang berhasil diraih Perseroan.

Direksi juga mengucapkan terima kasih dan apresiasi yang           The Board of Directors would also like to express their sincere
tulus kepada Dewan Komisaris atas segala arahan dan saran          gratitude and appreciation to the Board of Commissioners for
yang diberikan kepada Direksi. Penghargaan yang sama               all the direction and advice given to the Board of Directors. The
juga disampaikan kepada pelanggan dan mitra usaha, atas            same appreciation is also extended to customers and business
dukungan, kepercayaan dan kerja sama yang telah terjalin           partners for their support, trust, and cooperation, which has been
dengan baik selama ini.                                            established well over the years.

Ucapan terima kasih tak lupa kami sampaikan kepada seluruh         Our gratitude also goes to all stakeholders and/or all other parties
pemangku kepentingan dan/atau segenap pihak lainnya yang tidak     that we cannot mention one by one, who has always established
mungkin dapat kami sebutkan satu persatu, yang senantiasa telah    the best cooperation so that the Company can achieve various
menjalin kerja sama terbaik sehingga Perseroan dapat mencapai      business improvement targets and sustainable performance
berbagai target peningkatan usaha dan pertumbuhan kinerja          growth. Management and all Elnusa Employees, business
secara berkelanjutan. Manajemen beserta seluruh Perwira Elnusa,    partners, and stakeholders have been a crucial part of Elnusa’s
mitra kerja, dan pemangku kepentingan telah menjadi bagian         journey and jointly will continue to contribute to the advancement
penting dari perjalanan Elnusa dan bersama-sama, akan terus        of Indonesia’s energy services industry.
berkontribusi bagi kemajuan industri jasa energi Indonesia.

Terima kasih atas kepercayaan dan dukungannya. Mari bersama-       We are grateful for your trust and support. Let’s have a better
sama mewujudkan masa depan yang lebih baik.                        future together.




                                                      Jakarta, April 2025
                                                      Atas Nama Direksi,
                                               On Behalf of the Board of Directors,




                                                    Bachtiar Soeria Atmadja
                                                         Direktur Utama
                                                        President Director




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Direksi
Board of Directors




ARIEF PRASETYO                       BACHTIAR SOERIA      ENDRO HARTANTO
HANDOYO                              ATMADJA


Direktur Pengembangan                Direktur Utama       Direktur Operasi
Usaha                                President Director   Director of Operations
Director of Business
Development



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HERA HANDAYANI              STANLEY IRIAWAN



Direktur SDM & Umum         Direktur Keuangan
Director of Human Capital   Director of Finance
and General Affairs




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Surat Pernyataan Anggota Dewan Komisaris
tentang Tanggung Jawab
atas Laporan Tahunan 2024 PT Elnusa Tbk
    Statement of Members of the Board of Commissioners
    of Responsibility for the 2024 Annual Report of PT Elnusa Tbk




Kami yang bertanda tangan di bawah ini menyatakan bahwa             We the undersigned hereby declare that all the information
semua informasi dalam Laporan Tahunan PT Elnusa Tbk tahun           contained within the 2024 Annual Report of PT Elnusa Tbk has
2024 telah dimuat secara lengkap dan bertanggung jawab penuh        been presented completely. We are fully responsible for the
atas kebenaran Laporan Tahunan Perseroan.                           truthfulness of the content of the Annual Report.

Demikian pernyataan ini dibuat dengan sebenarnya.                   This statement has been made truthfully.

Jakarta, April 2025                                                 Jakarta, April 2025




                                                           Eko Ariantoro
                                            Komisaris Utama merangkap Komisaris Independen
                                      President Commissioner concurrent Independent Commissioner




                      Denie S. Tampubolon                                                 Nur Endro Buwono
                        Komisaris Independen                                                    Komisaris
                      Independent Commissioner                                                Commissioner




                                                        Ariana Soemanto
                                                              Komisaris
                                                            Commissioner




 62     PT ELNUSA Tbk Laporan Tahunan 2024
Page 65
                                                                                                              LAPORAN MANAJEMEN
                                                                                                                Management Report




Surat Pernyataan Anggota Direksi
tentang Tanggung Jawab
atas Laporan Tahunan 2024 PT Elnusa Tbk
    Statement of Members of the Board of Directos
    of Responsibility for the 2024 Annual Report of PT Elnusa Tbk




Kami yang bertanda tangan di bawah ini menyatakan bahwa            We the undersigned hereby declare that all the information
semua informasi dalam Laporan Tahunan PT Elnusa Tbk tahun          contained within the 2024 Annual Report of PT Elnusa Tbk has
2024 telah dimuat secara lengkap dan bertanggung jawab penuh       been presented completely. We are fully responsible for the
atas kebenaran Laporan Tahunan Perseroan.                          truthfulness of the content of the Annual Report.

Demikian pernyataan ini dibuat dengan sebenarnya.                  This statement has been made truthfully.

Jakarta, April 2025                                                Jakarta, April 2025




                                                    Bachtiar Soeria Atmadja
                                                         Direktur Utama
                                                        President Director




                         Stanley Iriawan                                                  Endro Hartanto
                          Direktur Keuangan                                                 Direktur Operasi
                          Director of Finance                                            Director of Operations




                      Arief Prasetyo Handoyo                                              Hera Handayani
                  Direktur Pengembangan Usaha                                           Direktur SDM dan Umum
                 Director of Business Development                             Director of Human Capital and General Affairs




                                                                                         2024 Annual Report PT ELNUSA Tbk     63
Page 66

          
Page 67
PROFIL PERUSAHAAN
Company Profile
66 Informasi Umum Perusahaan                     96 Profil Dewan Komisaris
      Company General Information                     Profile of the Board of Commissioners

68    Jejak Langkah                             100 Profil Direksi
      Milestones                                      Profile of the Board of Directors

70    Riwayat Singkat Perusahaan                106 Profil Pejabat Eksekutif
      Brief History of the Company                    Executive Officers Profile

 71 Informasi Perubahan Nama                     111 Demografi Sumber Daya Manusia
      Information on Name Change                      Demographics of Human Resources

 72 Visi, Misi, dan Strategi Perusahaan         113 Struktur dan Komposisi Pemegang Saham
      Corporate Vision, Mission, and Strategy         Demographics of Human Resources

 74   Budaya dan Nilai Perusahaan               117 Struktur Grup Perseroan
      Corporate Culture and Value                     Company Group Structure

79    Makna Logo Perusahaan                     118 Daftar Entitas Anak
      The Meaning of Company Logo                     List of Subsidiaries

80 Kegiatan Bidang Usaha                        121 Profil Entitas Anak
      Activities and Line of the Business             Profile of Subsidiaries

83    Produk/Jasa Perseroan                     128 Kronologi Pencatatan Saham
      Company Products/Services                       Chronology of Stock Listing

86    Wilayah Operasional                       130 Kantor Akuntan Publik
      Operational Area                                Public Accounting Firm

92    Jaringan Kantor                           131    Daftar Lembaga dan Profesi Penunjang Perusahaan
      Office Network                                   List of Company’s Supporting Institutions and Professions
93 Keanggotaan dalam Asosiasi/Organisasi
      Membership in Association/Organizations   132 Informasi Website Perusahaan
                                                      Information on Company Website
94    Struktur Organisasi
      Organizational Structure
Page 68
             PROFIL PERUSAHAAN
             Company Profile




Informasi Umum Perusahaan
Company General Information




Nama Perusahaan
Company Name                        PT Elnusa Tbk
Keterangan Perubahan Nama           Pada tahun 1984, nama Perseroan berubah dari PT Elektronika        In 1984, the Company’s name was amended from
Information of Name                 Nusantara menjadi PT Elnusa berdasarkan Akta Notaris No. 18        PT Elektronika Nusantara to PT Elnusa based on Notarial Deed
Amendment                           tanggal 8 Juni 1984 yang di buat di hadapan Sinta Susikto,         No. 18 dated June 8, 1984, made in the presence of Sinta
                                    Notaris, di Jakarta. Perubahan tersebut memiliki landasan yang     Susikto, Notary, in Jakarta. The Company has a firm foundation
                                    kuat, yaitu dengan nama Elnusa, Perseroan telah memiliki           under the name of Elnusa. The Company has the competency
                                    kemampuan yang tidak hanya menjadi perusahaan jasa di              to become the largest oil and gas service company in
                                    bidang migas terbesar di Indonesia, sumber daya manusia            Indonesia with international standards human resources in the
                                    yang dimiliki pun telah memenuhi standar internasional di          respective field.
                                    bidang yang digeluti.
Tanggal Pendirian
                                    25 Januari 1969                                                    January 25, 1969
Date of Establishment
Tanggal Peresmian
                                    9 September 1969                                                   September 9, 1969
Date of Inauguration
Lama Berdiri
Length of Period of                 55 tahun per 31 Desember 2024                                      55 years as of December 31, 2024
Establishment
Dasar Hukum Pendirian               Akta Pendirian No. 18 tanggal 25 Januari 1969 yang di buat         The Deed of Establishment No. 18, dated January 25, 1969,
Legal Basis of Establishment        di hadapan Tan Thong Kie, Notaris, di Jakarta, sebagaimana         was made in the presence of Tan Thong Kie, Notary, in Jakarta,
                                    diubah melalui Akta No. 10 tanggal 13 Februari 1969 dari           and it was amended by Deed No. 10, dated February 13, 1969,
                                    notaris yang sama. Akta pendirian ini, telah mendapat              also from the same notary. This deed of establishment has
                                    pengesahan dari Menteri Kehakiman Republik Indonesia               been approved by the Minister of Justice of the Republic of
                                    melalui Surat Keputusan No. J.A.5/18/24 tanggal 19 Februari        Indonesia through Decree No. J.A.5/18/24 dated February
                                    1969, serta telah diumumkan dalam Berita Negara Republik           19, 1969, and has been announced in the State Gazette of
                                    Indonesia No. 35, Tambahan No. 58 tanggal 2 Mei 1969.              the Republic of Indonesia No. 35, Supplement No. 58 dated
                                                                                                       May 2, 1969.
Status Perusahaan
                                    Perusahaan Terbuka (Tbk)                                           Public Listed Company (Tbk)
Status of Company
Maksud dan Tujuan Pendirian         Berusaha dalam bidang Jasa (aktivitas profesional; informasi       Running business in the field of services (professional
Objective and Purpose of the        dan komunikasi; real estat; aktivitas ketenagakerjaan, dan         activities; information and communication; real estate;
Establishment                       usaha penunjang lainnya); perdagangan besar dan eceran;            employment activities and other supporting businesses);
                                    pertambangan dan penggalian; pembangunan (konstruksi);             wholesale and retail trade; mining and excavation;
                                    perindustrian; dan pengelolaan air; dan pengelolaan                development (construction); industry; and water
                                    air limbah.                                                        management; wastewater management.
Kegiatan Bisnis Utama Sesuai        a. Bidang jasa (aktivitas profesional, informasi dan komunikasi,   a. Services sector (professional activities, information and
Anggaran Dasar                         real estat, aktivitas ketenagakerjaan, dan usaha                   communication, real estate, employment activities, and
Main Business Activities               penunjang lainnya).                                                other supporting businesses).
According to the Articles of        b. Bidang perdagangan besar dan eceran.                            b. Wholesale and retail trade.
Association                         c. Bidang pertambangan dan penggalian.                             c. Mining and quarrying.
                                    d. Menjalankan usaha dalam bidang pembangunan                      d. Running a business in the field of development
                                       (konstruksi).                                                      (construction).
                                    e. Menjalankan usaha dalam bidang perindustrian.                   e. Running a business in the industrial sector.
Kegiatan Bisnis Penunjang           a. Jasa (aktivitas penunjang pertambangan minyak bumi              a. Services (oil and gas mining support activities).
sesuai Ketentuan Anggaran              dan gas).
Dasar                               b. Pengelolaan air, pengelolaan air limbah (aktivitas penunjang    b. Water management, waste water management (supporting
Supporting Business Activities in      pengelolaan air, pengelolaan dan pembuangan air limbah             activities for water management, non-hazardous waste
Accordance with the Provisions         tidak berbahaya, pengelolaan dan pembuangan air limbah             water management and disposal, hazardous waste water
of Articles of Association             berbahaya).                                                        management and disposal)
                                    c. Perdagangan (perdagangan eceran bahan bakar kendaraan           c. Trading (retail trade in vehicle fuel at public gas stations
                                       di stasiun pengisian bahan bakar umum [SPBU]).                     [SPBU]).
                                    d. Pertambangan (aktivitas penunjang pertambangan dan              d. Mining (mining and other excavation support activities).
                                       penggalian lainnya).
                                    e. Pembangunan (konstruksi bangunan pengolahan dan                 e. Construction (construction of oil and gas goods processing
                                       penampungan barang minyak dan gas).                                and storage buildings).
                                    f. Perindustrian lainnya (industri mesin penambangan,              f. Other industries (mining, quarrying, and construction
                                       penggalian dan konstruksi).                                        machinery industry).
Kepemilikan Saham                   Kepemilikan Saham Perseroan per 31 Desember 2024:                  Share Ownership of the Company as of December 31, 2024:
Share Ownership                     • PT Pertamina Hulu Energi (PHE) dengan kepemilikan 51,1%          • PT Pertamina Hulu Energi (PHE) with 51.1% share
                                      saham.                                                             ownership.
                                    • PT Panin Sekuritas Tbk dengan kepemilikan 6,2% saham.            • PT Panin Sekuritas Tbk with 6.2% share ownership.
                                    • Publik (< 5% Individu), dengan kepemilikan 42,7% saham.          • Public (< 5% Individual), with 42.7% share ownership.
Modal Dasar
                                    Rp2.250.000.000.000                                                Rp2,250,000,000,000
Authorized Capital
Modal Ditempatkan dan Disetor
Penuh                         Rp729.850.000.000                                                        Rp729,850,000,000
Issued and Paid-up Capital




66       PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                                                     PROFIL PERUSAHAAN
                                                                                                                                        Company Profile




Pencatatan Saham di Bursa       Bursa Efek Indonesia (d/h Bursa Efek Jakarta dan Bursa Efek     Indonesia Stock Exchange (formerly Jakarta Stock Exchange
Saham                           Surabaya), 6 Februari 2008                                      and Surabaya Stock Exchange), February 6, 2008
Listing of Shares on Stock
Exchange
Kode Saham
                                ELSA                                                            ELSA
Share Code
Jumlah Karyawan
Number of Employee              1.879 pekerja                                                   1,879 employees
Alamat Perusahaan               Graha Elnusa, Lantai 16                                         Graha Elnusa, 16th Floor
Company’s Address               Jl. TB Simatupang Kav. 1B Jakarta 12560, Indonesia              Jl. TB Simatupang Kav. 1B Jakarta 12560, Indonesia
Telepon
                                (+62)21 7883 0850                                               (+62)21 7883 0850
Telephone
Faksimile
                                (+62)21 7883 0907                                               (+62)21 7883 0907
Facsimile
Surel                           corporate@elnusa.co.id                                          corporate@elnusa.co.id
E-mail                          marketing@elnusa.co.id                                          marketing@elnusa.co.id
Media Sosial                    Linkedin: PT Elnusa Tbk
Social Media                    Instagram: @elnusaofficial
                                Youtube: Elnusa
                                X:         elnusa_official
                                TikTok:    @elnusaofficial
Area Operasi 2024               Indonesia                                                       Indonesia
2024 Operational Area
Keikutsertaan dalam Asosiasi    •   Himpunan Ahli Geofisika Indonesia (HAGI)                    •   Indonesian Association of Geophysicists (HAGI)
Participation in Associations   •   World Safety Organization (WSO)                             •   World Safety Organization (WSO)
                                •   Indonesia Corporate Secretary Association (ICSA)            •   Indonesia Corporate Secretary Association (ICSA)
                                •   Perhimpunan Hubungan Masyarakat Indonesia                   •   Indonesia Public Relations Association (PERHUMAS)
                                    (PERHUMAS)




    Untuk informasi lebih lanjut                           Frida Lidwina                                          Graha Elnusa Lt. 16
    mengenai Perseroan dapat                               Sekretaris Perusahaan                                  Jl. TB Simatupang Kav. 1B
    menghubungi:                                           Corporate Secretary                                    Jakarta 12560, Indonesia
    For further information about the
    Company please contact:
                                                                                                                       (+62 21) 7883 0850
                                                                                                                       (+62 21) 7883 0907
    www.elnusa.co.id                elnusaofficial            PT Elnusa Tbk                   elnusa                   corporate@elnusa.co.id




                                                                                                            2024 Annual Report PT ELNUSA Tbk            67
Page 70
         PROFIL PERUSAHAAN
         Company Profile




Jejak Langkah
Milestones


                                                                      • Melakukan Restrukturisasi Permodalan.
                                                               2008   • IPO & menjadi Public Listed Company.
                                                                      • Conducted Capital Restructuring.
                                                                      • Conducted IPO & became a Public Listed Company.


                                                                      Melakukan program Turnaround: “stop the

                                                               2011   bleeding program”, “re-financing program”, dan
                                                                      “perubahan budaya manusia” untuk perbaikan
                                                                      struktur biaya, struktur pendanaan, model bisnis,
                                                                      budaya perusahaan & intervensi bisnis.
            Didirikan dengan nama PT Elektronika Nusantara            Conducted Turnaround program: “stop the
1969        yang bergerak di bidang elektronika pelayaran
            sebagai marine elektronika services.
                                                                      bleeding program”, “re-financing program”,
                                                                      and “change in human culture” to improve cost
            Established under the name of PT Elektronika
            Nusantara, engaged in marine electronic service           structure, funding structure, business model,
            provider.                                                 corporate culture & business intervention.



            Membentuk Divisi Seismic Data Processing (Cikal

1972        bakal PT Elnusa Geosains Services).
            Established the Seismic Data Processing Division
            (the forerunner of PT Elnusa Geosains Services).



            Pembentukan PT Elnusa Workover Services (EWS).

1984        Establishment of PT Elnusa Workover Services
            (EWS).


                                                                      • Mengubah visi menjadi Energy Services
                                                               2013     Company.
                                                                      • Perubahan Logo & Corporate Identity
                                                                        Perusahaan.
                                                                      • Year of Human Resources.
                                                                      • Changed the vision to become an Energy
                                                                        Services Company.
                                                                      • Changed the Company’s Logo & Corporate
                                                                        Identity.
                                                                      • Year of Human Resources.
            Menjadi Investment Holding dengan lebih

1996 dari 10 Portofolio.
     Become an Investment Holding with more than                      Menetapkan 2014 sebagai Year of Development,
            10 Portfolios.
                                                               2014   memperkuat tatanan operational organisasi dan
                                                                      fungsi pengendalian internal serta melakukan
                                                                      evaluasi dan mendefinisikan ulang produk/jasa
                                                                      Perseroan.
                                                                      Established the year 2014 as the Year of
                                                                      Development, strengthening the operational order
                                                                      of the organization and internal control functions
                                                                      as well as evaluating and redefining the Company’s
                                                                      products/services.
             Mendirikan PT Elnusa Drillling Services (EDS).
2004         Established PT Elnusa Drillling Services (EDS).          Memantapkan penguatan core business dan
                                                               2016   melakukan diversifikasi portofolio pada jasa
                                                                      distribusi dan logistik energi.
                                                                      Strengthened the core business and diversified
                                                                      the portfolio in energy distribution and logistics
                                                                      services.
            • Menetapkan fokus usaha.
2007        • Melakukan restrukturisasi bisnis dan                    Penguatan posisi kompetitif bisnis inti sebagai
              portofolio (Merger) serta menjadi operating
              Holding.                                         2017   prioritas utama di samping pengkayaan portofolio
                                                                      bisnis dan pengembangan bisnis baru yang selaras
            • Determined the business focus.                          dengan pengembangan zaman dan kebutuhan
            • Conducted business and portfolio restructuring          klien.
              (Merger) to became an operating holding.                Strengthening the competitive position of the
                                                                      core business as a top priority in addition to
                                                                      enriching the business portfolio and developing
                                                                      new businesses in line with the progress and client
                                                                      needs.


68    PT ELNUSA Tbk Laporan Tahunan 2024
Page 71
                                                                                                 PROFIL PERUSAHAAN
                                                                                                    Company Profile




       Mengembangkan Metode, Memperkuat
2018   Keseimbangan Portofolio. Mencatatkan
       pendapatan tertinggi sepanjang sejarah berdiri
       melalui penguatan diversifikasi portofolio.
       Developing the Methods, Strengthened the
       Portfolio Balance. Recorded the highest revenue
       ever by strengthening portfolio diversification.


       Membuktikan kemampuannya untuk turut

2019   membangun kapasitas nasional sebagai
       perusahaan jasa energi yang mengusung Total
                                                                    “Tahapan baru mencapai keunggulan”
       Solution di usianya yang telah menginjak 50 tahun,
       Elnusa.
       Proving its capability to help building national
                                                             2023   Tahun 2023 merupakan tahun Pengembangan serta
                                                                    penguatan ELNUSA dalam perjalanan baru menuju
                                                                    keunggulan untuk mencapai pertumbuhan positif
       capacity as an energy service company that carries
                                                                    yang berkelanjutan. Capaian tersebut tercermin
       Total Solution at the age of 50, Elnusa.
                                                                    dari kinerja operasional maupun keuangan ELNUSA
                                                                    melalui penguatan bisnis inti juga Pengembangan
       Membuktikan kemampuannya untuk turut                         bisnis yang mampu menopang Keberlanjutan

2020   membangun kapasitas nasional sebagai                         pertumbuhan usaha Perseroan.
       perusahaan jasa energi yang mengusung Total
       Solution di usianya yang telah menginjak 50 tahun,           “New Journey for Excellence”
       Elnusa.                                                      The year 2023 is a year of development and
       Proving its capability to help building national             strengthening of ELNUSA in a new journey
       capacity as an energy service company that carries           towards excellence to achieve sustainable positive
       Total Solution at the age of 50, Elnusa.                     growth. This achievement is reflected in ELNUSA’s
                                                                    operational and financial performance through
                                                                    strengthening the core business as well as business
       Meningkatkan kompetensi dan kapabilitas                      development that is capable of supporting the

2021   melalui berbagai aliansi strategi serta sinergi dan          sustainability of the Company’s business growth.
       berkolaborasi untuk mendukung kinerja operasional
       Subholding Upstream Pertamina sebagai Pemegang
       saham pengendali
       Improving competences and capabilities through
       strategic alliances, synergy and collaboration, in    2024   “Mempercepat keunggulan”

       order to support the operational performance of              Diusianya yang menginjak 55 tahun, Elnusa
       Upstream Subholding Pertamina as the controlling             menekankan percepatan dalam mencapai
       shareholder.                                                 keunggulan berkegiatan operasi yang selaras
                                                                    dengan visi “Perusahaan Jasa Energi Terkemuka
                                                                    yang Memberikan Solusi Total.” Keunggulan
       Merayakan usia ke 53, Perseroan berhasil                     dalam setiap aspek operasional merupakan kunci
2022   menaklukan berbagai tantangan ditengah kondisi
       ketidakpastian akibat gejolak global sepanjang
                                                                    dalam memberikan solusi total kepada pemangku
                                                                    kepentingan. Tahun 2024 menjadi tonggak penting
       tahun 2022 yang masih berlanjut dari tahun                   bagi Pengembangan Sumber Daya Manusia (SDM),
       sebelumnya. Untuk memperkokoh daya tahan                     inovasi layanan, dan keberlanjutan, termasuk
       terhadap keuangan juga menjaga bisnis yang                   peluncuran roadmap ESG. Atas hal tersebut, Elnusa
       berkelanjutan ke depannya, Elnusa berupaya                   mampu menjawab tantangan di 2024 lalu dengan
       untuk memperkuat bisnis inti Perseroan dengan                menghadirkan jasa energi yang memberikan
       konsisten menerapkan kebijakan strategis                     manfaat bagi seluruh pemangku kepentingan.
       Perusahaan dalam pengelolaan biaya yang tepat
       guna, optimal dan mengambil peluang dalam                    “Accelerating Excellence”
       Pengembangan bisnis yang bukan hanya pada
       industri migas namun juga non migas. Elnusa juga             At 55 years old, Elnusa emphasizes acceleration in
       terus berkomitmen untuk senantiasa menjalankan               achieving excellence in operations in line with the
       prinsip-prinsip tata kelola yang baik (GCG) dalam            vision of “A Leading Energy Services Company that
       setiap proses operasional dan bisnis Perusahaan.             Provides Total Solutions.” Excellence in every aspect
       Celebrating its 53rd year, the Company has                   of operations is key to providing total solutions to
       succeeded in conquering various challenges amid              stakeholders. 2024 is a crucial milestone for Human
       conditions of uncertainty due to global turmoil              Resource Development (HRD), service innovation,
       throughout 2022 which continued from the                     and sustainability, including the launch of the ESG
       previous year. To strengthen financial resilience            roadmap. For this reason, Elnusa was able to answer
       as well as maintain a sustainable business                   the challenges in 2024 by presenting energy services
       going forward, Elnusa seeks to strengthen                    that provide benefits to all stakeholders.
       the Company’s core business by consistently
       implementing the Company’s strategic policies
       in managing costs that are appropriate, and
       optimal and taking opportunities in business
       development not only in the oil and gas industry
       but also in non-oil and gas industries. oil and gas
       Elnusa also continues to be committed to always
       implementing the principles of good governance
       (GCG) in every operational and business process
       of the Company.



                                                                       2024 Annual Report PT ELNUSA Tbk            69
Page 72
           PROFIL PERUSAHAAN
           Company Profile




Riwayat Singkat Perusahaan
Brief History of the Company




PT Elnusa Tbk (“Elnusa,” “Perseroan”) berdiri dengan nama           PT Elnusa Tbk (“Elnusa,” “the Company”) was established under
PT Electronika Nusantara berdasarkan Akta Notaris No. 18 tanggal    the name PT Electronika Nusantara based on Notarial Deed No.
25 Januari 1969 dari Tan Thong Kie, S.H., sebagaimana diubah        18 dated January 25, 1969, from Tan Thong Kie, S.H., as amended
melalui Akta Notaris No. 10 tanggal 13 Februari 1969 dari notaris   by Notarial Deed No. 10 dated February 13, 1969, from the
yang sama. Akta pendirian ini, yang merupakan Anggaran Dasar        same notary. This deed of establishment, which constitutes the
Perseroan, telah mendapat pengesahan dari Menteri Kehakiman         Company’s Articles of Association, was approved by the Minister
Republik Indonesia melalui Surat Keputusan No. J.A.5/18/24          of Justice of the Republic of Indonesia through Decree No.
tanggal 19 Februari 1969, serta telah diumumkan dalam Berita        J.A.5/18/24 dated February 19, 1969, and was published in the
Negara Republik Indonesia No. 35, Tambahan No. 58 tanggal           State Gazette of the Republic of Indonesia No. 35, Supplement No.
2 Mei 1969.                                                         58 dated May 2, 1969.

Entitas induk Perseroan adalah PT Pertamina Hulu Energi (PHE),      The Company’s parent entity is PT Pertamina Hulu Energi (PHE),
dengan PT Pertamina (Persero) sebagai entitas induk terakhir.       with PT Pertamina (Persero) as the ultimate parent entity.
Perseroan memulai perjalanan bisnisnya sebagai pendukung            The Company started its business journey as a supporter of
operasi PT Pertamina (Persero), terutama dalam memberikan           PT Pertamina (Persero) operations, especially in providing
pelayanan termasuk pemeliharaan dan perbaikan, di bidang            services, including maintenance and repair, in the field of
peralatan komunikasi elektronik, peralatan navigasi dan sistem      electronic communication equipment, navigation equipment, and
radar yang digunakan oleh kapal-kapal milik Pertamina maupun        radar systems used by Pertamina’s vessels and foreign oil vessels
kapal-kapal minyak asing yang memiliki perjanjian kerja sama        that have cooperation agreements with State-Owned Enterprises
dengan Badan Usaha Milik Negara (BUMN) di bidang migas.             (SOEs) in the oil and gas sector.

Pada tahun 1984, Perseroan melakukan perubahan nama                 In 1984, the Company changed its name to PT Elnusa based on
menjadi PT Elnusa berdasarkan Akta Notaris No. 23 tanggal 8 Juni    Notarial Deed No. 23 dated June 8, 1984, made before Sinta
1984 yang dibuat di hadapan Sinta Susikto, Notaris, di Jakarta.     Susikto, Notary, in Jakarta. Then, in 2008, the Company was
Kemudian, pada tahun 2008, Perseroan secara resmi terdaftar di      officially listed on the Indonesia Stock Exchange (Stock code: ELSA)
Bursa Efek Indonesia (Kode saham: ELSA) pada 6 Februari 2008        on February 6, 2008, using the name PT Elnusa Tbk.
dan menggunakan nama PT Elnusa Tbk.

Setelah melalui perjalanan panjang yang dimulai sebagai             After a long journey that began as a shipping electronics services
perusahaan jasa elektronika perkapalan, saat ini Perseroan telah    company, the Company has now transformed into a leading energy
bertransformasi menjadi penyedia jasa energi terkemuka di           services provider in Indonesia that is ready to become a trusted
Indonesia yang siap menjadi mitra terpercaya bagi klien nasional    partner for national and international clients.
dan internasional.




 70     PT ELNUSA Tbk Laporan Tahunan 2024
Page 73
                                                                                                               PROFIL PERUSAHAAN
                                                                                                                  Company Profile




Informasi Perubahan Nama
Information on Name Change




Pada tahun 1984, Perseroan telah melakukan perubahan nama           In 1984, the Company changed its name from PT Elektronika
dari PT Elektronika Nusantara menjadi PT Elnusa berdasarkan         Nusantara to PT Elnusa based on Notarial Deed No. 18 dated
Akta Notaris No. 18 tanggal 8 Juni 1984 yang di buat di hadapan     June 8, 1984, made before Sinta Susikto, Notary, in Jakarta. The
Sinta Susikto, Notaris, di Jakarta. Perubahan nama dilakukan        name change was carried out as the Company’s strategic step
sebagai langkah strategis Perseroan yang mencerminkan evolusi       that reflects the evolution and expansion of the Company’s
dan ekspansi bisnis Perseroan yang semakin dinamis. Perubahan       increasingly dynamic business. This name change is also a strong
nama ini juga menjadi fondasi yang kuat bagi Perseroan yang telah   foundation for the Company, which has the ability not only to
memiliki kemampuan tidak hanya menjadi perusahaan jasa di           become the largest oil and gas service company in Indonesia but
bidang migas terbesar di Indonesia, tetapi juga memiliki sumber     also has human resources that meet international standards in
daya manusia yang telah memenuhi standar internasional di           their respective fields.
bidang yang digeluti.




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Visi, Misi, dan Strategi Perusahaan
Corporate Vision, Mission, and Strategy




Secara berkala, Elnusa melakukan kajian terhadap Visi, Misi, Nilai,     Periodically, Elnusa reviews the Corporate Vision, Mission, Values,
dan Budaya Perusahaan untuk memastikan kesesuaiannya dengan             and Culture to ensure its suitability with the development of the
perkembangan lingkungan bisnis Perseroan. Perumusan Visi,               Company’s business environment. The formulation of Corporate
Misi, Nilai, dan Budaya Perusahaan dilakukan dengan melibatkan          Vision, Mission, Values, and Culture is carried out by involving all
seluruh pihak yang terkait yaitu Dewan Komisaris, Direksi, dan          relevant parties, namely the Board of Commissioners, the Board
Karyawan, serta memperhatikan kepentingan dari para Pemangku            of Directors, and Employees, as well as taking into account the
Kepentingan lainnya.                                                    interests of other Stakeholders.

Hingga saat ini, Perseroan masih menetapkan visi-misi pada tahun        To date, the Company still sets the vision and mission of the
sebelumnya karena dinilai masih cukup relevan untuk dilanjutkan         previous year because it is considered still relevant enough to be
Perseroan dalam menghadapi dinamika dan tantangan bisnis ke             continued by the Company in facing the dynamics and challenges
depan serta selaras dengan perkembangan lingkungan bisnis dan           of the business going forward and in line with the development of
tantangan yang dihadapi.                                                the business environment and the challenges faced.




           VISI VISION
Perusahaan               Terkemuka Reputable
                         Bereputasi baik berarti perusahaan yang menjadi pilihan utama dan
Jasa Energi              terpercaya untuk mendominasi pasar.
Terkemuka                Reputable means the Company is the first choice and a trusted one that
yang                     can dominate the market.
Memberikan
Solusi Total             Perusahaan Jasa Energi Energy Service Company
                         Untuk menciptakan bisnis yang berkelanjutan (dengan menyeimbangkan
Reputable Energy         portofolio dari dinamika bisnis yang berbeda) dan mencapai tingkat
Services Company         pertumbuhan yang lebih tinggi.
by Providing Total       To create a sustainable business (by balancing a portfolio of different
Solutions                business dynamics) and achieve higher growth rates.

                         Memberikan Solusi Total Providing Total Solution
                         Elnusa akan memberikan solusi atau sistem yang komprehensif untuk
                         memecahkan masalah yang disesuaikan dengan kebutuhan pelanggan
                         dan dinamika pasar.
                         Elnusa will provide a comprehensive solution or system to solve
                         problems tailored to customer needs and market dynamics.




           MISI MISSION
• Meningkatkan bisnis yang berkelanjutan dan menguntungkan              • Improving business sustainability and profitability in local and
  dalam industri energi dalam negeri dan internasional untuk              international energy industries to meet shareholders’ Expectations
  memenuhi harapan pemegang saham.
• Memenuhi dan menjaga kepuasan pelanggan dengan memberikan             • Fulfilling and maintaining customer satisfaction by providing Total
  solusi total melalui sinergi, operational excellence, HSSE, dan         Solution through synergy, operational excellence, HSSE, and GCG
  prinsip-prinsip GCG.                                                    principles
• Meningkatkan kesejahteraan dan kesempatan untuk berkembang            • Improving employees’ welfare and growth opportunities.
  bagi karyawan.
• Membangun hubungan yang harmonis dan saling menguntungkan             • Establishing harmonious and mutually beneficial relationships with
  dengan pemerintah, mitra, dan masyarakat.                               governments, partners, and communities.




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Budaya dan Nilai Perusahaan
Corporate Culture and Value



Elnusa memiliki budaya dan tata nilai perusahaan yang               Elnusa retains the corporate culture and values that are fundamental
menjadi fundamental dan wajib dipatuhi serta diterapkan             and must be adhered to and applied in the implementation of
dalam pelaksanaan kerja sehari-hari oleh segenap jajaran di         daily work by all levels of the Company’s organization. Corporate
Perseroan. Budaya perusahaan memegang peranan penting               culture plays an important role in managing human resources to
dalam pengelolaan Sumber Daya Manusia (SDM) dalam upaya             realize the Company’s Vision, Mission, and Targets. Elnusa officers
mewujudkan visi, misi, serta target Perseroan. Perwira Elnusa       are obligated to comprehend and apply Elnusa’s values and culture
diwajibkan untuk mengetahui, memahami dan menerapkan tata           as guidelines in their daily work.
nilai serta budaya Perusahaan sebagai pedoman dalam bekerja
keseharian.

Pada 1 Juli 2020, Kementerian BUMN mengeluarkan Surat Edaran        On 1 July 2020, the Ministry of State-Owned Enterprises (BUMN/
No. SE-7/MBU/07/2020 Tentang Nilai-nilai Utama (Core Values)        SOE) issued Circular Letter No. SE-7/MBU/07/2020 concerning
SDM BUMN. Surat Edaran ini diterbitkan dengan tujuan agar setiap    the Core Values of Human Capital (HC) of BUMN. The purpose
SDM di lingkungan BUMN mengetahui, mengimplementasikan              of issuing this Circular Letter was to ensure that every BUMN’s
dan menginternalisasikan Nilai-nilai Utama (Core Values) tersebut   HR implements and internalizes the Core Values of BUMN’s HR
secara sungguh-sungguh, konsisten dan konsekuen. Dengan             sincerely, consistently, and consequently, thus bringing forth daily
demikian, dapat melahirkan perilaku keseharian dan membentuk        behaviors and forming a BUMN work culture that is in line with its
budaya kerja BUMN yang selaras dengan core values tersebut.         core values. Each BUMN is obligated to apply the Core Values of
Setiap BUMN wajib menerapkan Core Values SDM BUMN                   SOE’s HR into Corporate Culture and become the basis for forming
menjadi Budaya Perusahaan (Corporate Culture) dan menjadi           the character of human resources within SOE, Subsidiaries, and
dasar pembentukan karakter SDM di lingkungan BUMN, Anak             Consolidated Affiliated Companies.
Perusahaan, serta Perusahaan Afiliasi terkonsolidasi.

Mengacu Surat Edaran Kementerian BUMN No. SE-7/                     Referring to the Circular Letter of the Ministry of SOE No. SE-7/
MBU/07/2020 tersebut, Direktur Utama PT Pertamina                   MBU/07/2020, the President Director of PT Pertamina (Persero)
(Persero) mengeluarkan Surat Keputusan tanggal 8 September          issued a Decree dated September 8, 2020, No. KPTS-33/
2020 No. KPTS-33/C0000/2020-S0 tentang Penerapan Core               C0000/2020-S0 regarding the Implementation of the Core Values
Values ‘AKHLAK’ di Pertamina, Anak Perusahaan serta Afiliasi        of AKHLAK in Pertamina, its Subsidiaries, and Consolidated
terkonsolidasi serta Surat Perintah Direktur SDM dan Penunjang      Affiliates as well as an Instruction of the Director of HR and
Bisnis PT Pertamina Hulu Energi No. Prin-003/PHE50000/2020-S8       Business Support of PT Pertamina Hulu Energi No. Prin-003/
tentang Tim Implementasi Tata Nilai ‘AKHLAK’ dan Program Budaya     PHE5000/2020-S8 on the Implementation Team of AKHLAK Values
Inti 135 Sub Holding Upstream tanggal 5 Oktober 2020; dengan        and the 135 Sub Holding Upstream Core Culture Program on
maksud untuk menyelaraskan proses Internalisasi Tata Nilai dan      October 5, 2020; The purpose and objective of these Decrees and
Budaya Pertamina dengan Core Values ‘AKHLAK’ beserta panduan        Orders is to harmonize the Internalization process of Pertamina’s
perilakunya sebagai Core Values SDM. Melalui surat keputusan dan    Values and Culture with the Core Values of AKHLAK and their
surat perintah tersebut menetapkan penyelarasan Transformasi        behavioral guidelines as the Core Values of Human Capital. These
Budaya Pertamina dengan Core Values Sumber Daya Manusia             decrees and warrants stipulate the alignment of Pertamina’s
BUMN yaitu ‘AKHLAK’ beserta panduan perilakunya sehingga            Cultural Transformation with the SOE’s Core Values of Human
dapat mendukung upaya internalisasi dan implementasinya di          Capital, namely AKHLAK along with behavioral guidelines so that
masing-masing Perusahaan Pertamina Group.                           they can support internalization and implementation efforts in
                                                                    each Pertamina Group Company.

Setiap Perwira Perseroan wajib menerapkan Core Values SDM           Each Company Officer is required to apply the Core Values of
BUMN, ‘AKHLAK’, beserta panduan perilakunya menjadi Budaya          SOE’s Human Capital, AKHLAK, along with behavioral guidelines to
Perusahaan dan menjadi dasar pembentukan karakter SDM di            become Corporate Culture and become the basis for forming the
masing-masing Perusahaan. Proses Transformasi Tata Nilai dan        character of human resources in each Company. The process of
Budaya di Elnusa dilaksanakan dengan menyelaraskan internalisasi    Transforming Values and Culture at Elnusa is carried out by aligning
penerapan Core Values SDM BUMN, ‘AKHLAK’, beserta panduan           the internalization of the implementation of the Core Values of
perilakunya yang terdiri dari 18 contoh panduan perilaku AKHLAK     SOE’s Human Capital, AKHLAK, along with behavioral guidelines,
yang wajib diketahui dan diterapkan oleh seluruh Perwira.           which consist of 18 examples of AKHLAK behavior guidelines that
                                                                    must be acknowledged and applied by all officers.




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               Definisi                                               Panduan Perilaku AKHLAK
              Definition                                            AKHLAK Behavioral Guidelines


Memegang teguh kepercayaan yang               1. Memenuhi janji dan komitmen.
diberikan                                        Fulfilling promises and commitments.
Holding firm to the trust given               2. Bertanggung jawab atas tugas, keputusan dan tindakan yang dilakukan.
                                                 Being responsible for duties, decisions, and actions performed.
                                              3. Berpegang teguh kepada nilai moral dan etika.
                                                 Holding firm to moral and ethical values.

                                              1. Meningkatkan kompetensi diri untuk menjawab tantangan yang selalu
Terus belajar dan mengembangkan                  berubah.
kapabilitas                                      Increasing self-competence to answer ever-changing challenges.
Continuing to learn and develop               2. Membantu orang lain belajar.
capabilities                                     Helping others to learn.
                                              3. Menyelesaikan tugas dengan kualitas terbaik.
                                                 Completing tasks in the highest quality.


Saling peduli dan menghargai perbedaan        1. Menghargai setiap orang apapun latar belakangnya.
Caring for each other and appreciate             Respecting everyone regardless of background.
differences                                   2. Suka menolong orang lain.
                                                 Like to help others.
                                              3. Membangun lingkungan kerja yang kondusif.
                                                 Building a conducive work environment.

                                              1. Menjaga nama baik sesama karyawan, pimpinan, BUMN, dan Negara.
Berdedikasi dan mengutamakan                     Maintaining the name of fellow employees, leaders, SOE, and the State.
kepentingan bangsa dan negara                 2. Rela berkorban untuk mencapai tujuan yang lebih besar.
Dedicated and prioritizing the interests of      Willing to sacrifice to achieve greater goals.
the Nation and State                          3. Patuh kepada pimpinan sepanjang tidak bertentangan dengan hukum dan
                                                 etika.
                                                 Obeying the leadership as long as it does not conflict with law and ethics.


Terus berinovasi dan antusias dalam           1. Cepat menyesuaikan diri untuk menjadi lebih baik.
menggerakkan ataupun menghadapi                  Quickly adapting to get better.
perubahan                                     2. Terus-menerus melakukan perbaikan mengikuti perkembangan teknologi.
Willing to sacrifice to achieve greater          Willing to sacrifice to achieve greater goals.
goals                                         3. Bertindak proaktif.
                                                 Acting proactively.


Membangun kerja sama yang sinergis            1. Memberi kesempatan kepada berbagai pihak untuk berkontribusi.
Building synergistic cooperation                 Giving opportunities for different parties to contribute.
                                              2. Terbuka dalam bekerja sama untuk menghasilkan nilai tambah.
                                                 Being transparent in working together to generate added values.
                                              3. Menggerakkan pemanfaatan berbagai sumber daya untuk tujuan bersama.
                                                 Driving the utilization of various resources for common.




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Contoh-contoh Perilaku Spesifik di Elnusa & Grup
Examples of Specific Behavior in Elnusa & Group




Amanah                                             Kompeten                                              Harmonis
Trust                                              Competent                                             Harmonious
1. Tidak melakukan tindakan yang melanggar         1. Secara aktif mengikuti aktivitas pengembangan      1. Menolong rekan kerja untuk menyelesaikan
   etika Perusahaan seperti melakukan korupsi,        yang disediakan Perusahaan (training/                 pekerjaan tanpa membeda-bedakan latar
   menerima & memberi suap, dan lain-lain.            coaching/mentoring dan lain-lain) dalam               belakangnya.
   Not talking actions that violate Company           upaya memenuhi gap competency.                        Helping colleagues to get works completed
   ethics v as committing corruption and              Actively participating in development activities      without discriminating their background.
   accepting bribes etc.                              provided by the Company (training, coaching,       2. Menghargai perbedaan pendapat dalam forum
2. Menyelesaikan komitmen pekerjaan yang              mentoring/etc.) in the effort to meet gap             diskusi/meeting.
   sesuai kualitas dan deadline yang telah            competency.                                           Respect differences opinion in discussion
   disepakati.                                     2. Berupaya untuk menyelesaikan pekerjaan                forums/meetings.
   Accomplish work commitments in accordance          dengan kualitas terbaik.
   with the agreed quality and deadline.              Strive to accomplish the job with the best
                                                      quality.



Loyal                                             Adaptif                                                Kolaboratif
Loyal                                             Adaptive                                               Collaborative
1. Tidak menjelek-jelekan program/kebijakan       1. Menggunakan aplikasi-aplikasi yang tersedia di      1. Berkoordinasi secara baik dengan fungsi lain/
   Elnusa & Grup Pertamina di media sosial.          Elnusa untuk mendukung pekerjaan (Equanta,             mitra kerja sesuai dengan lingkup pekerjaan
   Not vilifying the policy program of Elnusa &      ESS, dan lain-lain).                                   yang dibutuhkan untuk penyelesaian pekerjaan.
   Pertamina Group.                                  Using the applications available in Elnusa to          Coordinating well with other functions/work
2. Mengikuti arahan atasan dalam menyelesaikan       support employment (Equanta, ESS, etc.).               colleague following the scope of work needed
   tugas pekerjaan.                               2. Secara proaktif mendukung program                      for the work completion.
   Following direction by superior to complete       transformasi yang ada sesuai lingkup                2. Menyediakan sumber daya yang dimiliki
   the work tasks.                                   jabatannya.                                            untuk membantu rekan kerja dalam upaya
                                                     Proactively supporting the existing                    pemenuhan kebutuhan pelanggan.
                                                     transformation programs according to the               Providing available resources to assist
                                                     position scope.                                        colleagues in the effort to meet customers
                                                                                                            needs.




SOSIALISASI DAN INTERNALISASI TATA NILAI                                       SOCIALIZATION AND INTERNALIZATION OF
AKHLAK                                                                         AKHLAK VALUES
Program internalisasi Tata Nilai AKHLAK terus dijalankan secara                The AKHLAK Values internalization program has been carried out
rutin di Elnusa Group sejak tahun 2021 dan terus berlanjut hingga              regularly at Elnusa Group since 2021 and will continue until 2024.
tahun 2024. Pelaksanaan program tersebut mengacu pada dimensi                  The implementation of this program refers to the dimensions of
program Living Core Values yang ditetapkan oleh PT Pertamina                   the Living Core Values program set by PT Pertamina (Persero),
(Persero), sesuai dengan Surat Keputusan Direktur Utama                        in accordance with the Decree of the President Director of
PT Pertamina (Persero) No. Kpts-01/C00000/2022-S0 tentang                      PT Pertamina (Persero) No. Kpts-01/C00000/2022-S0 concerning
pengelolaan Program Living Core Values (LCV) di Lingkungan                     the management of the Living Core Values (LCV) Program in the
Pertamina Group. Dimensi Living Core Values yang dimaksud                      Pertamina Group Environment. These dimensions of the Living
adalah:                                                                        Core Values are as follows:
1. People: Role modeling;                                                      1. People: Role modeling;
2. Process: Fostering understanding and conviction;                            2. Process: Fostering understanding and conviction;
3. System: Developing talent & skills, and reinforcing with formal             3. System: Developing talent & skills, and reinforcing with formal
    mechanism                                                                      mechanism

Mengacu pada 3 (tiga) dimensi tersebut, upaya Perseroan                        Referring to these 3 (three) dimensions, the Company’s efforts
meningkatkan internalisasi dan sosialisasi Tata Nilai AKHLAK                   to increase internalization and socialization of AKHLAK Values
direalisasikan melalui sejumlah program yang mencakup:                         are realized through a number of programs which include
                                                                               the following:

1. Program-program Agent of Change                                             1. Agent of Change Programs
   Agent of Change (AoC) Elnusa Group sebagai pengelola                           Agent of Change (AoC) of Elnusa Group as the manager of
   kegiatan budaya di Perseroan, berpartisipasi dan menjalankan                   cultural activities in the Company, participates and runs
   program-program budaya, antara lain:                                           cultural programs, among others:
   a. Rekrutmen agent of change yang dilakukan di awal tahun                      a. Agent of Change was recruited at the beginning of 2024.
       2024.




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    b. Closing & appreciation Lunch Agent of Change 2023 yang           b. Closing & appreciation Lunch for Agent of Change 2023,
       dilaksanakan pada 22 Januari 2024                                   held on January 22, 2024.
    c. Kick Off & Consolidation Agent of Change Tahun 2024              c. Kick Off & Consolidation Agent of Change Year 2024, held
       yang dilaksanakan pada 26 Januari 2024.                             on January 26, 2024.
    d. Program-program upskilling agent of change (AoC) yang            d. Agent of Change (AoC) upskilling programs, carried out
       dilaksanakan secara berkala sepanjang tahun 2024.                   periodically throughout 2024.
    e. Pendampingan penyusunan Living Core Values bersama               e. Assistance in the preparation of Living Core Values with
       koordinator AOC masing-masing fungsi.                               the AOC coordinator of each function.
    f. Pertemuan konsolidasi dan koordinasi AoC yang rutin              f. AoC consolidation and coordination meetings, routinely
       dilaksanakan sebulan sekali dihadiri oleh perwakilan dan            held once a month, are attended by AoC representatives
       koordinator AoC seluruh Elnusa Group.                               and coordinators throughout Elnusa Group.

2. Culture Summit dan Culture Amplifier 2024                        2. Culture Summit and Culture Amplifier 2023
   Elnusa berpartisipasi aktif dalam acara “Culture Summit dan         Elnusa actively participated in the 2024 “Culture Summit
   Culture Amplifier” tahun 2024 yang diselenggarakan oleh             and Culture Amplifier” event organized by the Upstream
   Subholding Upstream.                                                Subholding.

3. Sosialisasi Tata Nilai AKHLAK                                    3. Socialization of AKHLAK Values
   Sosialisasi Tata Nilai AKHLAK dilakukan hampir di seluruh           The socialization of the AKHLAK Values was conducted in
   fungsi, entitas Anak Perusahaan, dan lokasi proyek Perseroan.       almost all of the Company’s functions, subsidiaries, and
   Sosialisasi dilaksanakan baik dalam agenda resmi sosialisasi        project sites. Socialization is carried out both in the official
   maupun penyampaian pada Fungsi Corporate Secretary                  socialization agenda and delivery to the Corporate Secretary
   juga berperan dalam sosialisasi AKHLAK, khususnya dalam             function, which also plays a role in the socialization of
   pembuatan puluhan video AKHLAK Moment. Sosialisasi                  AKHLAK, especially in making dozens of AKHLAK Moment
   AKHLAK dan video AKHLAK Moment disampaikan pada                     videos. AKHLAK socialization and AKHLAK Moment videos
   pembukaan acara-acara pertemuan, meeting, rapat Direksi,            were delivered at the opening of meetings, Board of Directors
   rapat koordinasi, dan event-event Perseroan, seperti town hall      meetings, coordination meetings, and Company events,
   meeting, Elnusa Contractor HSSE Meeting (Encore), vendor            such as town hall meetings, Elnusa Contractor HSSE Meeting
   annual meeting, Hari Antikorupsi Sedunia (HARKODIA),                (Encore), vendor annual meetings, World Anti-Corruption Day
   dan lain-lain.                                                      (HARKODIA) and others.

4. Sosialisasi Campaign ONE Pertamina                               4. Socialization of Campaign ONE Pertamina
   Pada Tahun 2024, Elnusa sebagai bagian dari Pertamina ikut          In 2024, Elnusa, as part of Pertamina, supported the ONE
   mendukung campaign Budaya ONE Pertamina sebagai aspirasi            Pertamina Culture campaign as Pertamina’s 2024 aspiration
   2024 Pertamina dalam memastikan keberlanjutan Pertamina.            in ensuring Pertamina’s sustainability. Several activities were
   Beberapa aktivitas yang dijalankan dalam mendukung                  carried out in supporting the ONE Pertamina campaign during
   campaign ONE Pertamina selama tahun 2024 di antaranya               2024, including through publication teasers, delivery of
   melalui teaser publikasi, penyampaian materi sosialisasi            socialization materials in the AOC routine socialization agenda.
   dalam agenda sosialiasi rutin AOC.

5. Learning and System                                              5. Learning and System
   Untuk meningkatkan pemahaman Tata Nilai AKHLAK pada                 To improve the understanding of the Code of Conduct in every
   setiap pekerja, Perseroan mengimplementasikan beberapa              employee, the Company implements several training modules
   modul pelatihan dan sistem mengenai Tata Nilai AKHLAK,              and systems on the Code of Conduct, among others:
   antara lain:
   a. Mandatory AKHLAK Course menggunakan modul learning                a. Mandatory AKHLAK Course uses the learning management
       management system yang dikelola oleh Pertamina                      system module managed by Pertamina Corporate
       Corporate University.                                               University.
   b. Modul AKHLAK pada induction online untuk pekerja baru             b. AKHLAK module in online induction for new employees as
       maupun untuk refreshment.                                           well as for refreshment.
   c. Modul Code of Conduct pada Compliance Online System               c. Code of Conduct module on the Compliance Online
       (COMPOLS), yang di dalamnya terdapat klausul komitmen               System (COMPOLS), which includes a commitment clause
       menjalankan Tata Nilai AKHLAK.                                      to implementing the AKHLAK Values.
   d. Partisipasi leader Elnusa dalam program pengembangan              d. Elnusa leader participation in the LVT Serum 135 and
       leadership dan Budaya LVT Serum 135 dan Exponent                    Exponent Serum 135 leadership and culture development
       Serum 135.                                                          programs.




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6. Assessment Living Core Values AKHLAK                              6. Assessment of Living Core Values AKHLAK
   Tahun 2024 Elnusa Group berpartisipasi dan mengelola                 In 2024, Elnusa Group participated and managed the Living
   program Living Core Values (LCV) AKHLAK (sesuai dengan               Core Values (LCV) AKHLAK program (in accordance with the
   Surat Keputusan Direktur Utama PT Pertamina (Persero)                Decree of the President Director of PT Pertamina (Persero)
   No. Kpts-01/C00000/2022-S0 tentang pengelolaan Program               No. Kpts-01/C00000/2022-S0 concerning the management
   Living Core Values (LCV) di lingkungan Pertamina Group) yang         of the Living Core Values (LCV) Program within the Pertamina
   dimulai 1 Oktober 2024 hingga 30 September 2024. Program             Group) which began October 1, 2024, until September 30,
   LCV AKHLAK diikuti oleh 18 leader level BOD-1 dan Direktur           2024. The LCV AKHLAK program was attended by 18 BOD-1
   Anak Perusahaan.                                                     level leaders and Directors of Subsidiaries.

    Dalam asesmen LCV AKHLAK tahun 2024, Elnusa Group                    In the AKHLAK LCV assessment in 2024, Elnusa Group obtained
    memperoleh rata-rata skor 374,5, yang berarti mengalami              an average score of 374.5, which means an increase in score
    peningkatan skor sebesar 8% dibanding tahun sebelumnya.              of 8% compared to the previous year. It also means that the
    Hal ini juga berarti ”AKHLAK Maturity Level” Perseroan berada        Company’s “AKHLAK Maturity Level” is at the “commitment”
    pada level “commitment”. Setiap pimpinan di Perseroan                level. Every leader in the Company runs a living core values
    menjalankan program living core values periode 2024 yang             program for the 2024 period, which is categorized as follows:
    dikategorikan sebagai berikut:
    a. One Hour Meeting: Program membangun budaya meeting                a. One Hour Meeting: Program to build an effective and
        yang efektif dan efisien.                                           efficient meeting culture
    b. One Action: Program budaya untuk memberikan kualitas              b. One Action: Cultural program to deliver the best quality in
        terbaik dalam setiap aspek pekerjaan.                               every aspect of work
    c. One Collab: Program budaya unggulan yang dapat                    c. One Collab: Excellent cultural programs that can improve
        meningkatkan kinerja fungsi melalui kolaborasi dan sinergi          functional performance through collaboration and
        antar fungsi/Direktorat/Entitas Bisnis.                             synergy between functions/Directorates/Business Entities

    Adapun kegiatan-kegiatan budaya berkaitan dengan program             The cultural activities related to the LCV program, among
    LCV, antara lain:                                                    others:
    a. Penyusunan project charter budaya setiap fungsi dan               a. Preparation of cultural project charters for each Subsidiary
        entitas Anak Perusahaan.                                             function and entity.
    b. Pengelolaan program budaya sesuai dengan project                  b. Cultural programs Management in accordance with the
        charter.                                                             project charter.
    c. Pengelolaan komunikasi dan sosialisasi Tata Nilai AKHLAK          c. Communication management and socialization of AKHLAK
        di lingkungan pekerjaan.                                             Values in the working environment.
    d. Pengumpulan evidence LCV dan program internalisasi                d. LCV evidence collection and AKHLAK internalization
        AKHLAK.                                                              program.
    e. Survei Implementasi Tata Nilai AKHLAK.                            e. AKHLAK Values Implementation Survey.
    f. Survei employee engagement dan survei practice pulse              f. Employee engagement survey and practice pulse check
        check.                                                               survey.

IDENTITAS PERUSAHAAN                                                 CORPORATE IDENTITY
Logo ELNUSA mengalami perubahan pada tahun 2013 dalam                The ELNUSA logo changed in 2013 to support business
rangka menunjang business repositioning, sejalan dengan visi-misi    repositioning, in line with Elnusa’s new vision and mission to
baru Elnusa menjadi Energy Services dan memberikan penekanan         become Energy Services and to provide emphasis as well as a
sekaligus positive image kepada seluruh pemegang saham               positive image to all shareholders regarding changes in Elnusa’s
terhadap perubahan budaya Elnusa. Perubahan logo tersebut            culture. The logo change was effective from September 9, 2013,
efektif berlaku sejak tanggal 9 September 2013 atau bertepatan       which coincided with Elnusa’s 44th anniversary.
dengan Hari Ulang Tahun ke-44 Elnusa

Sehubungan dengan perubahan logo, tidak terdapat dampak              In connection with the logo change, there was no direct impact
secara langsung terhadap kegiatan operasional maupun kinerja         on the Company’s operational activities or financial performance.
keuangan Perusahaan. Perubahan logo ini menunjukkan image            This logo change showed a new image of Elnusa as a corporation.
baru terhadap Elnusa sebagai korporasi.




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Makna Logo Perusahaan
The Meaning of Company Logo




GAGASAN DASAR LOGOGRAM                                             BASIS IDEAS OF THE LOGOGRAM
Gagasan dasar logogram adalah “Circular Energy” yang               The fundamental idea behind the logogram is “Circular Energy,”
divisualisasikan membentuk huruf “e” sebagai huruf awal nama       visualized in the form of letter “e,” the initial letter of the Company’s
Perseroan (Elnusa) dan ruang lingkup bisnis Perseroan (Energi).    name (Elnusa) and the scope of the Company’s business (Energy).


 Makna Struktur             ● Struktur bentuk logo bulat, bermakna dinamis       ● The round logo shape structure, means
 Logogram                     dan sempurna, Elnusa sebagai perusahaan jasa,        dynamic and perfect. Elnusa, as a service
 The Significance of the      memiliki semangat dan kekuatan besar yang            company, has a great spirit and strength that
 Logogram Structure           secara dinamis berperilaku responsif, adaptif,       dynamically behaves responsively, adaptively,
                              dan inovatif untuk memenuhi kebutuhan                and innovatively to meet customer needs and
                              dan kepuasan pelanggan. Kesempurnaan                 satisfaction. Perfection is Elnusa’s commitment
                              adalah komitmen dan integritas Elnusa untuk          and integrity to building the country through the
                              membangun negeri melalui bisnis energy               energy services business.
                              services.
                            ● Konfigurasi gradasi ketebalan garis                ● The gradation configuration of the line thickness
                              menciptakan impresi kecepatan berputar yang          creates an impression of rotating speed
                              mengartikulasikan: continuous improvement,           that articulates: continuous improvement in
                              dalam penguasaan teknologi, peningkatan              mastering technology, improving the quality
                              mutu sumber daya insani, yang menghasilkan           of human resources, which results in trusted
                              profesionalisme yang terpercaya guna                 professionalism to accelerate business growth
                              mengakselerasi pertumbuhan bisnis dan                and business development.
                              pengembangan usaha.
 Makna Logotype             Tulisan ‘elnusa’ sebagai ‘logotype Elnusa’           The word ‘elnusa’ as the ‘Elnusa logotype’ uses
 The Significance of the    menggunakan huruf Frutiger SAIN Bd v.1, memberi      the Frutiger SAIN Bd v.1 font, portraying the
 Logotype                   kesan ramah (lowercase/huruf kecil) dan tegas        impression of friendliness (lowercase) and firm
                            (bold/tebal).                                        (bold).
 Makna Struktur             Komposisi warna yang terdiri dari biru, merah, dan   The composition of the colors that consists of blue,
 Logogram                   hijau merupakan cerminan karakteristik dan nilai     red and green which represent the characteristic
 The Significance of the    Elnusa.                                              and value of Elnusa:
 Logogram Structure         ● Hijau: CLEAN, humanis dan ramah lingkungan.        ● Green: CLEAN, humanist, and environmentally
                                                                                   friendly.
                            ● Merah: RESPECTFUL dan semangat.                    ● Red: RESPECTFUL and passionate.
                            ● Biru: SYNERGY, teknologi, dan modern.              ● Blue: SYNERGY, technology, and modern.




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Kegiatan Bidang Usaha
Activities and Line of the Business




KEGIATAN USAHA BERDASARKAN ANGGARAN                                 BUSINESS ACTIVITIES BASED ON THE LATEST
DASAR TERAKHIR                                                      ARTICLES OF ASSOCIATION
Berdasarkan Akta Perubahan terakhir Perseroan No. 8 tanggal 17      Based on the Company’s latest Deed of Amendment No. 8 dated
Oktober 2022 yang dibuat di hadapan Aulia Taufani, S.H., Notaris    October 17, 2022, made before Aulia Taufani, S.H., Notary in Jakarta,
di Jakarta yang telah mendapat persetujuan Menteri Hukum dan        as approved by the Minister of Law and Human Rights of the Republic
Hak Asasi Manusia RI dengan Surat Keputusan No. AHU-0082444.        of Indonesia with Decree No. AHU-0082444.AH.01.02 of 2022 dated
AH.01.02 Tahun 2022 tanggal 15 November 2022, terdapat              November 15, 2022, there was an amendment to Article 3 of the
penyusunan kembali Pasal 3 Anggaran Dasar Perseroan yaitu:          Company’s Articles of Association, namely as described below:
1. Maksud dan tujuan Perseroan ini berusaha dalam bidang            1. The purpose and objective of this Company is to engage in
     Jasa (Aktivitas Profesional; Ilmiah dan Teknis; Informasi           the business of Services (Professional; Scientific and Technical;
     dan Komunikasi; Real Estat; Aktivitas Penyewaan dan Sewa            Information and Communication; Real Estate; Rental and
     Guna Usaha tanpa Hak Opsi, Ketenagakerjaan dan Usaha                Leasing Activities without Option Rights, Employment and
     Penunjang Lainnya); Perdagangan Besar dan Eceran; Reparasi          Other Supporting Businesses); Wholesale and Retail Trade;
     dan Perawatan Mobil dan Sepeda Motor; Pertambangan dan              Repair and Maintenance of Cars and Motorcycles; Mining
     Penggalian; Pembangun (Konstruksi); Industri Pengolahan;            and Quarrying; Builders (Construction); Processing Industry;
     Pengadaan Listrik, Gas, Uap/Air Panas dan Udara Dingin;             Procurement of Electricity, Gas, Steam/Hot Water and Cold
     Treatment Air, Treatment Air Limbah, Treatment dan Pemulihan        Air; Water Treatment, Wastewater Treatment, Treatment and
     Material Sampah dan Aktivitas Remediasi.                            Recovery of Waste Materials, and Remediation Activities.
2. Untuk mencapai maksud dan tujuan tersebut di atas, Perseroan     2. To achieve the aforementioned purposes and objectives, the
     dapat melaksanakan kegiatan usaha sebagai berikut:                  Company may carry out the following business activities:
     a. Aktivitas profesional; ilmiah dan teknis:                        a. Professional activities; scientific and technical:
         • Aktivitas keinsinyuran dan konsultasi teknis yang                  • Engineering and related technical consulting activities.
             berhubungan dengan itu.
         • Aktivitas konsultasi management industry.                       • Consulting management industry activities.
     b. Informasi dan komunikasi:                                       b. Information and communication:
         • Aktivitas pengolahan data.                                      • Data processing activities.
         • Aktivitas penyediaan identitas digital.                         • Digital identity activities.
         • Aktivitas penyediaan sertifikat elektronik dan layanan          • Provision of electronic certificates and services that
             yang menggunakan sertifikat elektronik.                           use electronic certificate.
         • Aktivitas konsultasi dan perancangan Internet of                • Internet of Things (IOT) consulting and design
             Things (IOT).                                                     activities.
         • Aktivitas konsultasi komputer dan manajemen                     • Other computer consulting and computer facility
             fasilitas komputer lainnya.                                       management activities.
         • Aktivitas teknologi informasi dan jasa komputer                 • Information technology activities and other computer
             lainnya.                                                          services.
     c. Real estat; aktivitas penyewaan dan sewa guna usaha tanpa       c. Real estate; leasing and leasing activities without option
         hak opsi, ketenagakerjaan, agen perjalanan dan usaha              rights, employment, travel agency and other supporting
         penunjang lainnya), antara lain:                                  businesses, among others:
         • Aktivitas konsultasi manajemen lainnya.                         • Other management consulting activities.
         • Aktivitas penyeleksian dan penempatan tenaga kerja.             • Labor selection and placement activities.
         • Real estat yang dimiliki sendiri atau disewa.                   • Self-owned or leased real estate.
         • Penyewaan venue penyelenggaraan aktivitas mice                  • Venue rental for mice activities and special events.
             dan event khusus.
         • Aktivitas penyeleksian dan penempatan tenaga kerja               •    Domestic labor selection and placement activities.
             dalam negeri.




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        •   Aktivitas penyeleksian dan penempatan tenaga kerja               •   Overseas labor selection and placement activities.
            luar negeri.
        •   Aktivitas penyedia gabungan jasa penunjang fasilitas.            • Activities of providing combined facility support
                                                                               services.
    d. Menjalankan usaha dalam perdagangan besar dan                    d. Conducting business in wholesale and retail trade;
       eceran; reparasi dan perawatan mobil dan sepeda motor               repair and maintenance of cars and motorcycles,
       antara lain:                                                        among others:
       • Perdagangan besar bahan bakar padat, cair, dan gas                •    Wholesale trading of solid, liquid, and gas fuels and
           dan produk yang berhubungan dengan itu.                              related products.
       • Perdagangan besar atau balas jasa (fee) atau kontrak .            •    Wholesale or fee or contract trading.
       • Perdagangan besar peralatan telekomunikasi.                       •    Wholesale trading of telecommunication equipment.
    e. Menjalankan usaha dalam bidang pertambangan dan                  e. Conducting business in the field of mining and quarrying,
       penggalian antara lain:                                             among others:
       • Aktivitas penunjang pertambangan minyak bumi dan                  • Activities supporting petroleum and natural gas
           gas alam.                                                           mining.
       • Aktivitas penunjang pertambangan dan penggalian                   • Other mining and quarrying supporting activities.
           lainnya.
    f. Menjalankan usaha dalam bidang pembangunan                       f. Conducting business in the field of development
       (konstruksi), antara lain:                                          (construction), among others:
       • Konstruksi bangunan sipil minyak dan gas bumi.                    • Construction of oil and gas civil buildings.
       • Konstruksi bangunan sipil pertambangan.                           • Construction of mining civil buildings.
       • Konstruksi bangunan sipil panas bumi.                             • Geothermal civil building construction.
       • Instalasi minyak dan gas.                                         • Oil and gas installation.
       • Konstruksi sentral telekomunikasi.                                • Construction of telecommunication centers.
    g. Menjalankan usaha dalam bidang perindustrian, antara lain:       g. Conducting business in the industrial field, among others:
       • Industri mesin penambangan, penggalian, dan                       • Mining, quarrying, and construction machinery
           konstruksi.                                                         industry.
       • Industri bahan bakar dari pemurnian dan pengilangan               • Fuel industry from petroleum refining and refining.
           minyak bumi.
       • Industri produk dari hasil kilang minyak bumi.                      •Petroleum refinery products industry.
       • Pembangkitan tenaga listrik (termasuk juga energi                   •Electric power generation (including alternative
           alternatif).                                                       energy).
       • Industri kapal dan perahu.                                        • Ship and boat industry.
    h. Menjalankan usaha dalam bidang industri pengolahan               h. Conducting a business in the field of processing industry
       • Industri bahan bakar dari pemurnian dan pengilangan               • Fuel industry from petroleum refining and refining.
           minyak bumi.
       • Industri produk dari hasil kilang minyak bumi.                     • Industry of products from petroleum refineries.
       • Industri kapal dan perahu.                                         • Ship and boat industry.
    i. Pengadaan listrik, gas, uap/air panas dan udara dingin          i. Procurement of electricity, gas, steam/hot water, and
                                                                            cold air
        •  Pembangkitan tenaga listrik.                                     • Electric power generator.
        •  Pembangkit, transmisi, distribusi dan penjualan tenaga           • Generating, transmission, distribution and sale of
           listrik dalam suatu kesatuan usaha.                                   electricity in one business unit.
       • Pembangkit, distribusi, dan penjualan tenaga listrik               • Generating, distribution, and sale of electricity in one
           dalam satu kesatuan usaha.                                            business unit.
       • Pengoperasian instalasi penyediaan tenaga listrik.                 • Operation of electricity supply installation.
3. Untuk mencapai maksud dan tujuan tersebut di atas serta          3. To achieve the above purposes and objectives and to support
   menunjang kegiatan usaha utama Perseroan tersebut di atas,          the Company’s main business activities mentioned above, the
   Perseroan melaksanakan juga kegiatan usaha penunjang di             Company also carries out supporting business activities in the
   bidang:                                                             fields of:
   a. Industri pengolahan: industri mesin penambangan,                 a. Processing industry: mining, quarrying and construction
       penggalian dan konstruksi.                                           machinery industry
   b. Industri treatment air, treatment air limbah, treatment dan      b. Water treatment industry, wastewater treatment,
       pemulihan material sampah dan aktivitas remediasi:                   treatment and recovery of waste materials, and remediation
                                                                            activities:




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         •   Aktivitas penunjang treatment air.                                   •     Water treatment support activities.
         •   Treatment dan pembuangan air limbah tidak                            •     Treatment and disposal of non-hazardous wastewater.
             berbahaya.
         • Treatment dan pembuangan air limbah berbahaya.                         • Treatment and disposal of hazardous wastewater.
    c.   Perdagangan besar dan eceran; reparasi dan perawatan            c.   Wholesale and retail trade; repair and maintenance of
         mobil dan sepeda motor: perdagangan eceran bahan bakar               automobiles and motorcycles: retail trade in fuel oil, fuel gas
         minyak, Bahan Bakar Gas (BBG), dan Liquefied Petroleum               (BBG), and liquefied petroleum gas (LPG) at land, sea, and air
         Gas (LPG) di sarana pengisian bahan bakar transportasi               transportation refueling facilities.
         darat, laut, dan udara.

KEGIATAN USAHA DIJALANKAN PADA TAHUN                                     BUSINESS ACTIVITIES CARRIED OUT IN THE
BUKU                                                                     FINANCIAL YEAR
Hingga 31 Desember 2024, Perseroan menjalankan kegiatan                  Until December 31, 2024, the Company carried out business
usaha sebagaimana yang tertuang dalam Pernyataan Standar                 activities as stated in the Statement of Financial Accounting
Akuntansi Keuangan (PSAK) 5 (Revisi 2009) tentang “Segmen                Standards (PSAK) 5 (Revised 2009) on “Operating Segments.”
Operasi.” Berdasarkan PSAK tersebut, segmen usaha Perseroan              Based on the PSAK, the Company’s business segments are grouped
dikelompokkan menurut kegiatan usaha, yaitu, Jasa Hulu Migas,            according to business activities, namely, Upstream Oil and Gas
Jasa Distribusi & Logistik Energi, dan Jasa Penunjang Migas,             Services, Energy Distribution & Logistics Services, and Oil and Gas
dengan keterangan sebagai berikut:                                       Support Services, with the following information:


 Jasa Hulu Migas              Menyediakan jasa pengukuran data geofisika/seismik,        Providing geophysical/seismic data measurement
 Terintegrasi                 jasa pemboran migas, jasa oilfield dan jasa Operation &    services, oil and gas drilling services, oilfield services,
 Integrated Upstream Oil      Maintenance (O&M) dan Engineering, Procurement, &          and Operation & Maintenance (O&M) and Engineering,
 and Gas Services             Construction (EPC).                                        Procurement, & Construction (EPC) services.
 Penjualan Barang dan Jasa    Menyediakan jasa penyimpanan, perdagangan,                 Providing storage, trading, distribution, and marketing
 Distribusi dan Logistik      pendistribusian, serta pemasaran produk minyak dan         services for oil and gas products in Indonesia.
 Energi                       gas di Indonesia.
 Sales of goods and energy
 distribution and logistics
 services
 Jasa Penunjang Migas         Menyediakan jasa penguliran, perdagangan pipa Open         Providing threading services, trading Open Cycle
 Oil and Gas Support          Cycle Gas Turbine (OCGT) dan fabrikasi, pembuatan          Gas Turbine (OCGT) pipelines and fabrication,
 Services                     ulir (threading) untuk pemboran migas, jasa                thread making (threading) for oil and gas drilling,
                              pengelolaan data dan informasi energi dan sumber           data management services and information on
                              daya mineral (khususnya eksplorasi dan eksploitasi         energy and mineral resources (especially exploration
                              minyak dan gas bumi), jasa pengelolaan data migas,         and exploitation of oil and gas), oil and gas data
                              jasa pembangunan sistem teknologi informasi                management services, integrated information
                              terpadu, jasa telekomunikasi, jasa penyediaan              technology system development services,
                              jaringan, telekomunikasi satelit, dan sistem komunikasi    telecommunications services, network services
                              VerySmall-Aperture Terminal (VSAT).                        provider, satellite telecommunications and the
                                                                                         VerySmall-Aperture Terminal (VSAT) communication
                                                                                         system.




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Produk/Jasa Perseroan
Company Products/Services




Berdasarkan maksud dan tujuan serta kegiatan usaha yang                        Based on the purpose and objectives as well as business activities
dilakukan, Perseroan mengembangkan produk dan jasa melalui 3                   carried out, the Company develops products and services through
(tiga) segmen usaha, yang juga dijalankan oleh kelompok usaha                  3 (three) business segments, also carried out by the Company’s
Perseroan, dengan penjelasan sebagai berikut:                                  business group, with description as follows:


    Segmen Usaha             Divisi/Entitas Anak               Aktivitas Pokok                                 Aktivitas Bisnis
   Business Segment          Division/Subsidiary               Main Activities                                Business Activities
 Jasa Hulu Migas           • Divisi:                     Jasa Akuisisi Data Geofisika/    1. Seismic Data Acquisition (Land, Marine and Transition
 Terintegrasi                 Divisi Geoscience &        Survei Seismik Migas                Zone/TZ)
 Integrated Upstream Oil      Reservoir Services         Geophysical Data                 2. Non-Seismic Data Acquisition
 and Gas Services             (GRS)                      Acquisition/Oil and Gas          3. Seismic Data Processing
                           • Entitas Anak:               Seismic Survey Services          4. Geology, Geophysics & Reservoir
                              PT Elnusa Geosains
                              Indonesia (EGI)
                           • Division:
                              Geoscience &
                              Reservoir Services
                              (GRS) Division
                           • Subsidiary:
                              PT Elnusa Geosains
                              Indonesia (EGI)
                           • Divisi:                     Jasa Pengeboran dan              1. Drilling Services
                              Divisi Oilfield Services   Pemeliharaan Lapangan            2. Hydraulic Workover & Snubbing Services
                              (OFS)                      Migas                            3. Coiled Tubbing Services
                           • Entitas Anak:               Oil and Gas Field Drilling and   4. Electric Wireline Logging Services
                              PT Elnusa Oilfield         Maintenance Services             5. Well Testing Services
                              Services (EOS)                                              6. Cementing & Pumping Services
                           • Division:                                                    7. Drilling Fluid Services
                              Oilfield Services                                           8. Surface Testing & Drill Steam Testing Services
                              (OFS) Division                                              9. Mud Logging & H2S Services
                           • Subsidiary:                                                  10. Enhance Oil Recovery
                              PT Elnusa Oilfield                                          11. Well Plug & Abandonment
                              Services (EOS)                                              12. Artificial Lift
                           Divisi:                       Jasa Operation &                 1. Engineering, Procurement, & Construction
                           Divisi Engineering,           Maintenance (O&M) dan            2. Operation & Maintenance
                           Production and                Engineering, Procurement,
                           Construction Operation        & Construction (EPC)
                           & Maintenance (EPC-           Operation & maintenance
                           OM)                           (O&M) and Engineering
                           Division:                     Services, Procurement, &
                           Engineering, Production       Construction (EPC)
                           and Construction
                           Operation &
                           Maintenance (EPC-OM)
                           Division




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    Segmen Usaha            Divisi/Entitas Anak            Aktivitas Pokok                                Aktivitas Bisnis
   Business Segment         Division/Subsidiary            Main Activities                               Business Activities
Penjualan Barang dan      Entitas Anak:              Jasa penyimpanan BBM,           1. Manajemen depot BBM milik swasta, mulai dari
Jasa Distribusi dan       PT Elnusa Petrofin (EPN)   pendistribusian BBM,                kegiatan administrasi pembelian BBM, pengangkutan
Logistik Energi           Subsidiary:                perdagangan BBM industri            BBM, penyimpanan BBM dan penyaluran BBM di
Sales of goods and        PT Elnusa Petrofin (EPN)   & marine, perdagangan               lokasi pelanggan. EPN juga memiliki depot BBM sendiri
energy distribution and                              chemicals, perdagangan              dengan kapasitas 4.400 KL di Plumpang-Semper, Jakarta
logistics services                                   pelumas & aspal, serta              Utara untuk menyimpan Pertadex Pertamina.
                                                     pengelolaan SPBU & SPBE         2. Manajemen distribusi BBM, distribusi BBM dari depot
                                                     Fuel storage services, fuel         Pertamina ke SPBU, Agen Premium Minyak Solar (APMS)
                                                     distribution, Industrial            dan stasiun pengisian bahan bakar bunker (SPBB).
                                                     & Marine fuel trading,          3. Pengelolaan SPBU dan SPBE.
                                                     chemicals trading, lubricants   4. Perdagangan Bahan Kimia.
                                                     & asphalt trading, and SPBU     5. Perdagangan BBM Industri-Marine.
                                                     & SPBE management               6. Perdagangan Pelumas dan Aspal.
                                                                                     1. Management of privately-owned fuel depots, starting
                                                                                         from administration activities for fuel purchases, fuel
                                                                                         transportation, fuel storage and fuel distribution at
                                                                                         customer locations. EPN also has its fuel depot with a
                                                                                         capacity of 4,400 KL in Plumpang-Semper, North Jakarta,
                                                                                         to store Pertamina’s Pertadex.
                                                                                     2. Fuel distribution management, fuel distribution from
                                                                                         Pertamina depots to gas stations, Premium Solar Oil
                                                                                         Agent (APMS), and bunker refueling stations (SPBB).
                                                                                     3. Management of SPBU and SPBE.
                                                                                     4. Chemical Trading.
                                                                                     5. Industry-Marine fuel trade.
                                                                                     6. Lubricants and Asphalt Trading.
Jasa Penunjang Migas      Entitas Anak: PT Elnusa    Jasa fabrikasi, penguliran      1. Pengolahan bahan mentah dan bahan baku.
Oil and gas Support       Fabrikasi Konstruksi       dan perdagangan pipa Oil        2. Pembuatan serta perbaikan alat-alat perminyakan.
Services                  (EFK)                      Country Tubular Goods           3. Perdagangan umum, termasuk ekspor, impor, regional
                          Subsidiary: PT Elnusa      (OCTG), proyek EPC, dan            dan lokal.
                          Fabrikasi Konstruksi       Maintenance Services            4. Penyediaan jasa untuk bidang minyak dan gas bumi, yaitu
                          (EFK)                      Fabrication, threading,            OCTG dan penguliran pipa. Berperan sebagai agen dari
                                                     and trading services for           perusahaan dari dalam maupun luar negeri.
                                                     Oil Country Tubular Goods       5. Jasa pemeliharaan mesin dan peralatan migas.
                                                     (OCTG) pipes, EPC projects      6. Layanan jasa desain, engineering, pengawasan, dan
                                                     and Maintenance Services           pelaksanaan konstruksi.
                                                                                     1. Processing of raw materials and raw materials.
                                                                                     2. Manufacture and repair of petroleum equipment.
                                                                                     3. General trade, including export, import, regional and
                                                                                        local.
                                                                                     4. Provision of services for the oil and natural gas sector,
                                                                                        namely OCTG and pipelines. Acting as an agent for
                                                                                        companies from within and outside the country.
                                                                                     5. Oil and gas machinery and equipment maintenance
                                                                                        services.
                                                                                     6. Design, engineering, supervision, and construction
                                                                                        implementation services.




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 Segmen Usaha        Divisi/Entitas Anak         Aktivitas Pokok                                  Aktivitas Bisnis
Business Segment     Division/Subsidiary         Main Activities                                 Business Activities
                   Entitas Anak:           Jasa Pengelolaan Data Migas      1. Pengelolaan data migas (fisik & digital) nasional untuk
                   PT Patra Nusa Data      Meliputi, Data Fisik (Report/        menarik investasi migas nasional.
                   (PND)                   Paper, Media Simpan Data,        2. Bisnis Farm in Farm Out.
                   Subsidiary:             Fluida, Batuan) dan Data         3. Bisnis pengelolaan data migas korporat (Corporate Data
                   PT Patra Nusa Data      Digital, Jasa Alih Media, Jasa       Repository).
                   (PND)                   Remastering, Jasa Prospect       4. Bisnis pengelolaan data non migas
                                           Evaluation, Jasa Aplikasi IT     5. Pembangunan System Digital Oilfield Management.
                                           Data Management, Bisnis          6. Pembangunan, pengembangan dan pengelolaan
                                           Design & Implementasi                Advance well data management (Online Welldata
                                           Data Governance, Data                monitoring).
                                           Warehouse Digital, Advance       7. Design & implementasi data governance.
                                           Well Data Management             8. Bisnis data warehouse digital dan Corporate Dashboard
                                           Oil and Gas Data                     System.
                                           Management Services,             1. Dashboard System.
                                           including Physical Data          2. National oil and gas data management (physical &
                                           (Report/Paper, Data Storage          digital) to attract national oil and gas investment.
                                           Media, Fluid, Rocks) and         3. Farm in Farm out Business.
                                           Digital Data, Media Transfer     4. The business of managing corporate oil and gas data
                                           Services, Remastering                (Corporate Data Repository).
                                           Services, Prospect               5. Non-oil and gas data management business
                                           Evaluation Services, IT Data         Development of a Digital Oilfield Management System.
                                           Management Application           6. Development, development, and management of
                                           Services, Business Design            Advance well data management (Online Well data
                                           & Implementation of Data             monitoring).
                                           Governance, Digital Data         7. Design & implementation of data governance.
                                           Warehouse, Advance Well          8. Digital warehouse data business and Corporate
                                           Data Management                      Dashboard System.
                   Entitas Anak:           Jasa penyimpanan data fisik,     1. Penyimpanan dan pengelolaan berbagai jenis
                   PT Sigma Cipta Utama    pengelolaan data elektronik         dokumen meliputi Magnetic Tape Storage, Document
                   (SCU)                   & sistem informasi,                 Hardcopy Storage, Geological Sample Storage, General
                   Subsidiary:             penyimpanan contoh batuan           Warehousing, Geological Sample Maintenance Services,
                   PT Sigma Cipta Utama    migas, telekomunikasi radio,        Data Assesment, Data Storage & Library Servicing,
                   (SCU)                   jasa aplikasi sistem IT.            Magnetic Media Transferring, dan Hardcopy Scanning.
                                           Physical data storage            2. Information & Communication Technology (ICT), meliputi
                                           services, electronic data           Data Center & Disaster Recovery Services, IT Solution, IT
                                           management & information            Service Management (ITSM), Knowledge Management
                                           systems, storage of oil             System (KMS), Radio (Trunking and Conventional)
                                           and gas samples, radio              Telecommunication Solution, Equipment Monitoring
                                           telecommunications, IT              Control, Vessel Tracking Monitoring System, dan GPS
                                           system application services.        Tracking.
                                                                            3. Pembuatan duplikat data master dalam berbagai media
                                                                               dan mengubah format data.
                                                                            4. Proses perlindungan data untuk kepentingan backup dan
                                                                               recovery data elektronik.
                                                                            1. Storage and management of various types of
                                                                               documents including Magnetic Tape Storage, Document
                                                                               Hardcopy Storage, Geological Sample Storage, General
                                                                               Warehousing, Geological Sample Maintenance Services,
                                                                               Data Assessment, Data Storage & Library Servicing,
                                                                               Magnetic Media Transferring, Hardcopy Scanning.
                                                                            2. Information & Communication Technology (ICT),
                                                                               including Data Center & Disaster Recovery Services, IT
                                                                               Solution, IT Service Management (ITSM), Knowledge
                                                                               Management System (KMS), Radio (Trunking and
                                                                               Conventional) Telecommunication Solution, Equipment
                                                                               Monitoring Control, Vessel Tracking Monitoring System,
                                                                               GPS Tracking.
                                                                            3. Duplication master data in various media and change the
                                                                               data format.
                                                                            4. Data protection process for the purposes of electronic
                                                                               data backup and recovery.
                   Entitas Anak:           Jasa pendukung layanan           1. Jasa penyewaan kapal untuk keperluan operasional
                   PT Elnusa Trans         marine migas                         lapangan minyak, seperti penyewaan tug boat, crew
                   Samudera (ETSA)         Supporting services for              boat, AWB dan, multipurpose barges.
                   Subsidiary:             marine oil and gas               2. Jasa penyewaan kapal untuk keperluan seismik survei.
                   PT Elnusa Trans                                          3. Jasa penyewaan kapal untuk keperluan operasional
                   Samudera (ETSA)                                              bisnis lain selain migas.
                                                                            1. Boat rental services for oil field operations, such as tug
                                                                                boat rental, crew boat, AWB and multipurpose barges.
                                                                            2. Ship charter services for seismic survey purposes.
                                                                            3. Ship charter services for business operations other than
                                                                                oil and gas.



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Wilayah Operasional
Operational Area


                                Wilayah Operasi Jasa Hulu Migas Terintegrasi
     Aceh                       Operational Area of Integrated Upstream Oil and Gas Servics




                    Sumatera Utara
                    North Sumatra


                                                                                                                                                                                      Kalimantan Timur
                                                                                                                                                                                        East Borneo
                                                     Riau




                                                                   Jambi
                                            Sumatera Barat
                                             West Sumatra                                                                                            Kalimantan Tengah
                                                                                                                                                       Central Borneo




                                                                                                                                                                      Kalimantan Selatan
                                                                                                                                                                        South Borneo
                                                              Sumatera Selatan
                                                               South Sumatra




                                                                                      DKI
                                                                                    Jakarta



                                                                                                         Jawa Barat             Jawa Tengah
                                                                                                         West Java              Central Java
                                                                                                                                                 Jawa Timur
                                                                                                                                                  East Java

                                                                                                                                                                                  Nusa Tenggara Timur
                                                                                                                                                                                  East Nusa Tenggara




          PRODUCTION, OPERATION,
          & MAINTENANCES SERVICES


Wilayah | Area           Klien | Client                      Wilayah | Area        Klien | Client                     Wilayah | Area           Klien | Client
1. Sumatera Selatan      • Pertamina Geothermal Energy       1. Kalimantan Timur   • PT Pertamina EP                  1. DKI Jakarta           • PT Pertamina Hulu Energi
2. Sumatera Utara        • Pertamina Eksplorasi              2. Sulawesi Tengah    • NYT                              2. Jawa Tengah |         • PT Pertamina EP
3. Sumatera Barat          Sumatera                          3. Papua Barat        • PT Vico Indonesia                   Central Java          • Pertamina Petrochina East Java
4. Aceh                  • Kilang Pertamina Internasional                          • Total E&P Indonesia              3. Jawa Barat | West     • PGE Saka Energy
5. Jambi                 • Hexindo/Mandala Energy                                  • Total E&P Indonesie                 Java                  • PT Pertamina Gas
6. Riau                  • PT Pertamina EP                                         • PHSS                             4. Jawa Timur | East     • PT Pertamina Hulu Mahakam
                         • Hexindo                                                 • PHKT                                Java                  • PT Pertamina Geothermal
                         • Star Energy                                             • Pertamina Hulu Mahakam                                      Energy
                         • Ramba Energy                                            • BP Berau                                                  • PT Tawun Gegunung Energi
                         • Pertagas                                                • Petrogas                                                  • Prima Energi
                         • Perta Arun Gas




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r




    Sulawesi Tengah
    Central Sulawesi



                                                                                              Papua Barat
                                                                                              West Papua




                        GEOSCIENCE
                        & RESERVOIR SERVICES


             Wilayah | Area        Klien | Client      Wilayah | Area   Klien | Client                      Wilayah | Area           Klien | Client
             1. Sumatera Selatan   • PT Pertamina EP   1. DKI Jakarta   • PT Pertamina EP                   1. Kalimantan Tengah     • PT Pertamina EP
             2. Aceh               • Mandala Energy    2. Jawa Tengah   • PT Pertamina Hulu Energi          2. Papua Barat           • Conoco Phillips
             3. Jambi                                  3. Jawa Barat    • PT Patra Nusa Data                3. Nusa Tenggara Timur   • PT Daya Mas Nage Geothermal
                                                       4. Jawa Timur    • Saka Indonesia                    4. Kalimantan Selatan    • PT Wahana Baratama Mining
                                                                        • Premier Oil
                                                                        • Kementerian Energi dan
                                                                          Sumber Daya Mineral
                                                                        • Conoco Phillips
                                                                        • Mandala Energy
                                                                        • Repsol
                                                                        • Pratama Widya
                                                                        • Wijaya Karya
                                                                        • PT Medco Cahaya Geothermal
                                                                        • Geo Dipa
                                                                        • Petronas Carigali


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                              Wilayah Operasi Penjualan Barang dan Jasa Distribusi dan Logistik Energi
     Aceh                     Operational Area of Sales of Goods and Services Energy Distribution and Logistics




                       Sumatera Utara
                       North Sumatra



                                                  Riau
                                                                                                                                                                  Kalimantan Timur
                                                                                                                                                                    East Borneo


                                                                                                                  Kalimantan Barat
                                                                                                                    West Borneo
                                      Sumatera Barat
                                                          Jambi                          Bangka
                                       West Sumatra
                                                                                         Belitung
                                                                                                                                     Kalimantan Tengah
                                                                                                                                       Central Borneo


                                                                                                                                                  Kalimantan Selatan
                                              Bengkulu                                                                                              South Borneo
                                                           Sumatera Selatan
                                                            South Sumatra



                                                                               Lampung                                                                                          S
                                                                                                                                                                                 S
                                                                                                    DKI Jakarta




                                                                                           Jawa Barat                Jawa Tengah
                                                                                           West Java                 Central Java
                                                                                                                                     Jawa Timur
                                                                                                                                      East Java
                                                                                                                                                         Bali

                                                                                                                                                         Nusa Tenggara Barat
                                                                                                                                                         West Nusa Tenggara




      TRANSPORTASI BBM                                         PENGELOLAAN DEPOT                                      PENGELOLAAN DPPU
      Fuel Fleet Management                                    Depot Management                                       DPPU Management


SUMATERA                  KALIMANTAN                     SUMATERA                                             SUMATERA
1. Aceh                   1. Kalimantan Barat            1. Aceh                                              1. Sumatera Utara
2. Sumatera Utara         2. Kalimantan Timur            2. Jambi                                             2. Lampung
3. Riau                   3. Kalimantan Selatan          3. Sumatera Selatan
4. Jambi                                                                                                      JAWA
5. Bangka Belitung        BALI                           JAWA                                                 1. Jawa Timur
6. Sumatera Selatan       1. Bali                        1. Jawa Timur                                        2. DKI Jakarta
7. Bengkulu                                              2. DKI Jakarta
8. Sumatera Barat         NUSA TENGGARA                                                                       SULAWESI
                          1. Nusa Tenggara Barat         SULAWESI                                             1. Gorontalo
SULAWESI                  2. Nusa Tenggara Timur         1. Gorontalo                                         2. Luwuk
1. Sulawesi Utara                                        2. Luwuk
2. Sulawesi Tengah        PAPUA & MALUKU
3. Sulawesi Tenggara      1. Papua
4. Sulawesi Selatan       2. Maluku
5. Gorontalo




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                                            Sulawesi Utara
                                            North Sulawesi
r                    Gorontalo




               Sulawesi Tengah
               Central Sulawesi
                                                                                 Maluku


                                                                                                                                          Papua
                   Sulawesi Tenggara
                   Southeast Sulawesi

Sulawesi Selatan
 South Sulawesi




                                            Nusa Tenggara Timur
                                            East Nusa Tenggara




                              PERDAGANGAN CHEMICAL                                PERDAGANGAN BBM INMAR
                              Chemical Trading                                    Fuel Inmar Trading


                        SUMATERA                    KALIMANTAN              SUMATERA                BALI & NUSA
                        1. Sumatera Utara           1. Kalimantan Timur     1. Sumatera             TENGGARA
                        2. Sumatera Selatan         2. Kalimantan Selatan                           1. Bali
                        3. Kepulauan Riau                                   JAWA                    2. Nusa Tenggara
                        4. Sumatera Bagian Tengah                           1. DKI Jakarta & Jawa
                                                                                                    SULAWESI
                        JAWA                                                KALIMANTAN              1. Sulawesi
                        1. Jawa Barat                                       1. Kalimantan Tengah
                        2. Jawa Tengah                                      2. Kalimantan Timur
                        3. Jawa Timur                                       3. Kalimantan Barat
                                                                            4. Kalimantan Selatan




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                            Wilayah Operasi Jasa Penunjang Migas
     Aceh                   Operational Area of Oil and Gas Support Services


                                                                                                                                                    Kalimantan Utara
                                                                                                                                                     North Borneo


                 Sumatera Utara
                 North Sumatra


                                                                                                                                                               Kalimantan Timur
                                                                                                                                                                 East Borneo
                                                                     Kepulauan Riau
                                                                      Riau Islands




                                                          Jambi
                                                                            Bangka Belitung



                                               Bengkulu                                                                                        Kalimantan Selatan
                                                                                                                                                 South Borneo
                                                             Sumatera Selatan
                                                              South Sumatra

                                                                           Lampung
                                                                                                                                                                              S
                                                                                                                                                                               S
                                                                                                           DKI Jakarta




                                                                                Banten
                                                                                                                   Jawa Tengah
                                                                                              Jawa Barat           Central Java
                                                                                              West Java
                                                                                                                                  Jawa Timur
                                                                                                                                   East Java
                                                                                                                                                  Denpasar
                                                                                                                                                    Nusa Tenggara Barat
                                                                                                                                                    West Nusa Tenggara




      DATA
      MANAGEMENT

GEO IT BUSINESS          GEODATA BUSINESS           JAWA & BALI               NUSA TENGGARA
                                                    1. Jawa Barat             1. Nusa Tenggara Barat
                                                    2. Jawa Tengah            2. Nusa Tenggara Timur
1. Jambi                 SUMATERA                   3. Jawa Timur
2. Sumatera Selatan      1. Aceh                    4. Bali                   PAPUA & MALUKU
3. DKI Jakarta           2. Sumatera Utara          5. Banten                 1. Papua
                         3. Kepulauan Riau                                    2. Maluku
                         4. Sumatera Selatan        SULAWESI
                         5. Lampung                 1. Sulawesi Selatan
                         6. Sumatera Barat


                         KALIMANTAN
                         1. Kalimantan Utara
                         2. Kalimantan Timur
                         3. Kalimantan Selatan




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r




                                                                                                              Papua Barat
                                                                                                              West Papua

               Sulawesi Tengah
               Central Sulawesi


                                                                                       Maluku

                                                                                                                                                        Jayapura
                   Sulawesi Tenggara
                   Southeast Sulawesi

Sulawesi Selatan
 South Sulawesi




                                               Nusa Tenggara Timur
                                               East Nusa Tenggara

                                      Kupang




                               PHYSICAL & DIGITAL DATA
                               MANAGEMENT BUSINESS

                        DIGITAL DATA               BALI &                   PHYSICAL DATA         SUMATERA                  KALIMANTAN              KALIMANTAN,
                        MANAGEMENT                 NUSA TENGGARA            MANAGEMENT            1. Aceh                   1. Kalimantan Timur     SULAWESI & MALUKU
                                                   1. Bali                                        2. Sumatera Selatan       2. Kalimantan Selatan   1. Kalimantan Timur
                                                   2. Nusa Tenggara Barat                         3. Riau                                           2. Kalimantan Barat
                        SUMATERA                                            1. Jambi              4. Sumatera Utara         SUMATERA                3. Sulawesi Tengah
                        1. Sumatera Utara          KALIMANTAN               2. Sumatera Selatan                             1. Aceh                 4. Sulawesi Tenggara
                        2. Kepulauan Riau          1. Kalimantan Timur      3. Banten             JAWA                      2. Sumatera Selatan     5. Maluku Utara
                        3. Bangka Belitung                                  4. DKI Jakarta        1. DKI Jakarta
                        4. Bengkulu                SULAWESI                 5. Jawa Barat         2. Banten                 JAWA
                        5. Sumatera Selatan        1. Sulawesi Tenggara                           3. Jawa Barat             1. Jawa Barat
                                                                                                  4. Jawa Tengah            2. Jawa Timur
                        JAWA                       PAPUA & MALUKU                                 5. Jawa Timur
                        1. DKI Jakarta             1. Papua Barat
                        2. Banten                  2. Maluku
                        3. Jawa Barat
                        4. Jawa Tengah
                        5. Jawa Timur



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Jaringan Kantor
Office Network




         Kantor                          Alamat                         Kantor                           Alamat
         Office                          Address                        Office                           Address

Kantor Pusat                                                    Kantor Cabang atau Kantor Perwakilan
Head Office                                                     Branch Office or Representative Office
PT Elnusa Tbk            Graha Elnusa 16th Floor                Balikpapan               Jl. Mulawarman No. 91, Batakan
                         Jl. TB Simatupang Kav. 1B              Representative Office    Balikpapan 76116, Indonesia
                         Jakarta 12560, Indonesia                                        Tel.:    +62 542-770 139; 770 169
                                                                                         Fax.:    +62 542-770 230
                         Tel.:   +62 21-7883 0850 (Hunting)
                                                                Cirebon Representative   Jl. Moh. Toha No. 59, Kebon Baru,
                         Fax.:   +62 21-7883 0907
                                                                Office                   Kejaksaan Cirebon 45124, Indonesia
                         E-mail: corporate@elnusa.co.id;
                                                                                         Tel.:     +62 231-246 157
                                 marketing@elnusa.co.id
                                                                                         Fax.:     +62 231-207 258
                         Web: www.elnusa.co.id
                                                                PT Sigma Cipta Utama     Graha Elnusa 2nd floor
Lini Bisnis
                                                                                         Jl. TB Simatupang Kav. 1B
Line of Business
                                                                                         Jakarta 12560, Indonesia
Upstream Services        Graha Elnusa 15th Floor                                         Tel.:     +62 21-7883 0856 (Hunting)
Geoscience & Reservoir   Jl. TB Simatupang Kav. 1B                                       Fax.:     +62 21-7883 0857
Services                 Jakarta 12560, Indonesia                                        E-mail: marketing-scu@elnusa.co.id
Production & Operation   Tel.:     +62 21-7883 0850 (Hunting)                            Web: www.scu.co.id
Services                 Fax.:     +62 21-7883 1072
                                                                Kantor Pusat PT Sigma    Taman Tekno BSD
Engineering,             Graha Elnusa 2th Floor                 Cipta Utama              Tekno I Blok B5-B7 Sektor XI
Procurement &            Jl. TB Simatupang Kav. 1B                                       Tangerang 15314, Indonesia
Construction Services    Jakarta 12560, Indonesia                                        Tel.:    +62 21-7587 1955
                         Tel.:     +62 21-7883 0850 (Hunting)                            Fax.:    +62 21-7587 1933; 7587 1755
                         Fax.:     +62 21-7883 1072
                                                                PT Patra Nusa Data       Graha Elnusa 2nd floor
Alamat Entitas Anak Perusahaan                                                           Jl. TB Simatupang Kav. 1B
Address of the Subsidiaries                                                              Jakarta 12560, Indonesia
                                                                                         Tel.:     +62 21-7816 770
PT Elnusa Geosains       Graha Elnusa 13th floor                                         Fax.:     +62 21-7816 775
Indonesia                Jl. TB Simatupang Kav. 1B                                       E-mail: marketing@patranusa.com;
                         Jakarta 12560, Indonesia                                                  pnd@patranusa.com
                         Tel.:     +62 21-7883 0850 (Hunting)                            Web: www.patranusa.co.id
                         Fax.:     +62 21-7883 1072
                                                                Kantor Pusat PT Patra    Taman Tekno BSD XI Blok G2/1
PT Elnusa Oilfield       Graha Elnusa 11th floor                Nusa Data                Tangerang 15314, Indonesia
Services                 Jl. TB Simatupang Kav. 1B                                       Tel.:   +62 21-7588 2510
                         Jakarta 12560, Indonesia                                        Fax.:   +62 21-7588 2511
                         Tel.:     +62 21-7883 0850 (Hunting)
                         Fax.:     +62 21-7883 5507             PT Elnusa Trans          Gedung Elnusa Trans Samudera
                                                                Samudera                 Jl. TB Simatupang Kav. 1B
PT Elnusa Fabrikasi      Graha Elnusa 2nd Floor                                          Jakarta 12560, Indonesia
Konstruksi               Jl. TB Simatupang Kav. 1B                                       Tel.:     +62 21-7884 6667
Head Office              Jakarta 12560. Indonesia                                        Fax.:     +62 21-7884 6669
                         Tel.:     +62 21-7884 5519                                      Email: info-etsa@elnusa.co.id
                         Fax.:     +62 21-7884 5528                                      Web: www.etsa.co.id
PT Elnusa Petrofin       Graha Elnusa 14th floor                Ventura Bersama/Kerja Sama Operasi (KSO)
                         Jl. TB Simatupang Kav. 1B              Joint Venture/Joint Operation (JO)
                         Jakarta 12560, Indonesia
                         Tel.:     +62 21-7883 0860 (Hunting)   KSO Elnusa-Raga          Graha Elnusa 2nd floor
                         Fax.:     +62 21-7883 0853             KSO Elnusa-Waskita       Jl. TB Simatupang Kav. 1B
                         E-mail: marketing-epn@elnusa.co.id;                             Jakarta 12560, Indonesia
                                   epn.corporate@elnusa.co.id                            Tel.:     +62 21-7883 0850 (Hunting)
                         Web: www.elnusapetrofin.co.id




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Keanggotaan dalam Asosiasi/
Organisasi
Membership in Association/Organizations

                                             Nama Asosiasi                                                     Status Keanggotaan
                                           Name of Association                                                 Membership Status

Gabungan Perusahaan Nasional Rancangbangun Indonesia (GAPENRI)                                                    Aktif | Active
Indonesian National Design Company Association (GAPENRI)
Asosiasi Pemboran Minyak, Gas dan Panas Bumi Indonesia (APMI)                                                     Aktif | Active
Indonesian Oil, Gas, and Geothermal Drilling Association (APMI)
Asosiasi Perusahaan Jasa Pemborongan Non Konstruksi (APJANSI)                                                     Aktif | Active
Association of Non-Construction Contracting Service Companies (APJANSI)
Asosiasi Perusahaan Teknik Mekanikal Elektrikal (APTEK)                                                           Aktif | Active
Association of Mechanical-Electrical Engineering Companies (APTEK)
Asosiasi Perusahaan dan Konsultan Telematika Indonesia (ASPEKTI)                                                  Aktif | Active
Association of Indonesian Telematics Companies and Consultants (ASPEKTI)
Asosiasi Rekanan Pengadaan Barang dan Distributor Indonesia (ARDIN) Provinsi DKI Jakarta                          Aktif | Active
Association of Indonesian Procurement Partners and Distributors (ARDIN) DKI Jakarta Province
Asosiasi Perusahaan Survei Pemetaan dan Informasi Geospasial (APSPIG)                                             Aktif | Active
Association of Mapping Survey and Geospatial Information Companies (APSPIG)
Asosiasi Kontraktor Terintegrasi Indonesia (AKTI)                                                                 Aktif | Active
Indonesian Integrated Contractor Association (AKTI)
Gabungan Pelaksana Konstruksi Nasional Indonesia (GAPENSI)                                                        Aktif | Active
Indonesian National Construction Implementers Association (GAPENSI)
Asosiasi Pelaksana Konstruksi Nasional (ASPEKNAS)                                                                 Aktif | Active
National Construction Executors Association (ASPEKNAS)
Kamar Dagang dan Industri (KADIN)                                                                                 Aktif | Active
Chamber of Commerce and Industry (KADIN)
PEPSINDO                                                                                                          Aktif | Active
Asosiasi Emiten Indonesia (AEI)                                                                                   Aktif | Active
Indonesian Public Listed Companies Association




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Struktur Organisasi
Organizational Structure




                                                             Bachtiar Soeria Atmadja
                                                                   Direktur Utama
                                                                  President Director




            Frida Lidwina
          Corporate Secretary




               Tugimin
          Chief Audit Executive




                           Endro Hartanto              Arief Prasetyo Handoyo
                            Direktur Operasi          Direktur Pengembangan Usaha
                         Director of Operations      Director of Business Development




                              Lulut Sugianto                    Novrizal
                           VP Upstream Services         VP Business Development
                                                              & Marketing




                                  Bayu Trianto            Rifqi Budi Prasetyo
                           VP EPC & OM ServiceS          VP Strategic Planning &
                                                         Corporate Management



                                   Nur Kholis
                            VP Asset Reliability &
                                Productivity




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Ramon Arias Pili
    VP HSSE




    Vacant
VP Legal Counsel




   Stanley Iriawan               Hera Handayani
   Direktur Keuangan           Direktur SDM & Umum
   Director of Finance       Director of Human Capital &
                                    General Affairs




Reizky Rahadian Lendra             Agung Wahidin
      VP Controller                VP Human Capital




 Hanny Retno Hapsari                    Vacant
  VP Finance & Treasury             VP Supply Chain
                                     Management



   Mira Puspitawati                Ina Marvitasari
    SM Enterprise Risk         VP Property Management
      Management                  & General Services




                          2024 Annual Report PT ELNUSA Tbk   95
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Profil Dewan Komisaris
Profile of the Board of Commissioners




                                     EKO ARIANTORO
                                     KOMISARIS UTAMA merangkap KOMISARIS INDEPENDEN
                                     PRESIDENT COMMISSIONER concurrently INDEPENDENT COMMISSIONER

                                     Menjabat sebagai Komisaris Utama merangkap Komisaris Independen sejak 15 Mei 2024
                                     Served as President Commissioner concurrently Independent Commissioner since May 15, 2024


                                     DATA PRIBADI | PERSONAL DATA
                                     Warga Negara Indonesia | Indonesian Citizen
                                     Usia 53 tahun per 31 Desember 2024 | Age 53 years old as of December 31, 2024
                                     Domisili Jakarta | Domicile Jakarta



                                      Dasar Hukum                Pertama kali ditunjuk sebagai Komisaris   First appointed as President
                                      Penunjukan                 Utama merangkap Independen Elnusa         Commissioner concurrently serving as
                                      Legal Basis of             melalui Akta Pernyataan Rapat RUPS        Independent Commissioner of Elnusa
                                      Appointment                Tahunan No. 17 tanggal 15 Mei 2024.       pursuant to Deed of Statement of the
                                                                                                           Annual General Meeting of Shareholders
                                                                                                           No. 17 dated May 15, 2024.
                                      Pendidikan                 • Master of Arts in Development           • Master of Arts in Development
                                      Education                    Economics Center for Development          Economics Center for Development
                                                                   Economics, Williams College, USA          Economics, Williams College, USA
                                                                   (2000)                                    (2000)
                                                                 • S1 Ekonomi, Universitas Sebelas         • Bachelor of Economics, Sebelas Maret
                                                                   Maret, Surakarta (1993)                   University, Surakarta (1993)
                                      Pengalaman Kerja           • Deputi Komisioner Bidang Pengerahan     • Deputy Commissioner for Fund
                                      Work Experience              Dana – BP Tapera (2019–2024)              Mobilization – BP Tapera (2019–2024)
                                                                 • Analisis Eksekutif Senior pada          • Senior Executive Analysis at the Strategic
                                                                   Strategic Committee dan Pusat Riset       Committee and Research Center,
                                                                   mendukung pelaksanaan tugas               supporting the implementation of the
                                                                   Ketua DK Otoritas Jasa Keuangan           duties of the Chairman of the Board of
                                                                   (2018–2019)                               Commissioners of the Financial Services
                                                                 • Direktur Pengembangan Inklusi             Authority (2018–2019)
                                                                   Keuangan – Otoritas Jasa Keuangan       • Director of Financial Inclusion
                                                                   (2015–2018)                               Development – Financial Services
                                                                 • Deputi Direktur Pelayanan Konsumen        Authority (2015–2018)
                                                                   – Otoritas Jasa Keuangan (2014)         • Deputy Director of Consumer Services –
                                                                 • Kepala Bagian Literasi Keuangan –         Financial Services Authority (2014)
                                                                   Otoritas Jasa Keuangan (2013)           • Head of Financial Literacy Section –
                                                                 • Analisis Senior Statistik Ekonomi         Financial Services Authority (2013)
                                                                   dan Moneter – Bank Indonesia            • Senior Analysis of Economic and
                                                                   (2006–2012)                               Monetary Statistics – Bank Indonesia
                                                                 • Analisis Statistik Sektor Riil – Bank     (2006–2012)
                                                                   Indonesia (2000–2005)                   • Analysis of Real Sector Statistics – Bank
                                                                 • Pengawas Bank Junior – Bank               Indonesia (2000–2005)
                                                                   Indonesia (1995–1999)                   • Junior Bank Supervisor – Bank Indonesia
                                                                                                             (1995–1999)
                                      Rangkap Jabatan            • Ketua Komite Nominasi, Remunerasi       • Chairman of the Company’s
                                      Concurrent Position          dan GCG Perseroan                         Nomination, Remuneration and GCG
                                                                 • Tidak memiliki jabatan rangkap pada       Committee
                                                                   Perusahaan Tercatat lain                • Does not hold any concurrent
                                                                                                             positions in other Listed Companies
                                      Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan   Has no affiliation with other members of
                                      Affiliated Relationships   anggota Dewan Komisaris lainnya,          the Board of Commissioners, the Board
                                                                 Direksi, dan Pemegang Saham Utama         of Directors, and Main Shareholders
                                      Kepemilikan Saham          Nihil                                     Nil
                                      ELSA
                                      ELSA Share Ownership
                                      Pelatihan                  Disampaikan pada uraian “Dewan            Provided in the "Board of
                                      Training                   Komisaris” dalam bab “Tata Kelola         Commissioners" section under the
                                                                 Perusahaan”                               "Corporate Governance" chapter
                                      Pernyataan Independen Telah menyatakan independensinya               Declared his independency through
                                      Statement of          melalui Surat Pernyataan Independensi          Statement Letter
                                      Independency




96   PT ELNUSA Tbk Laporan Tahunan 2024
Page 99
                                                                                                                                    PROFIL PERUSAHAAN
                                                                                                                                       Company Profile




NUR ENDRO BUWONO
KOMISARIS
COMMISSIONER

Menjabat sebagai Komisaris sejak 15 Mei 2024
Served as Commissioner since May 15, 2024


DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 59 tahun per 31 Desember 2024 | Age 59 years old as of December 31, 2024
Domisili Depok | Domicile Depok



Dasar Hukum                Pertama kali ditunjuk sebagai Komisaris   First appointed as President
Penunjukan                 Utama Elnusa melalui Akta Pernyataan      Commissioner of Elnusa through the
Legal Basis of             Keputusan Rapat RUPS Luar Biasa No. 33    Deed of Statement of Resolutions of
Appointment                tanggal 17 Januari 2024, kemudian         the Extraordinary GMS Meeting No. 33
                           ditunjuk sebagai Komisaris Elnusa         dated January 17, 2024, then appointed
                           melalui Akta Pernyataan Keputusan         as Commissioner of Elnusa through the
                           Rapat RUPS Tahunan No. 17 tanggal 15      Deed of Statement of Resolutions of the
                           Mei 2024.                                 Annual GMS Meeting No. 17 dated May
                                                                     15, 2024.
Pendidikan                 S1 Teknik Mesin, Institut Teknologi       Bachelor’s Degree in Mechanical
Education                  Bandung, Indonesia (1991)                 Engineering, Bandung Institute of
                                                                     Technology, Indonesia (1991)
Pengalaman Kerja           • Komisaris Utama PT Elnusa Tbk (2024)    • President Commissioner of PT Elnusa
Work Experience            • Komisaris Utama PT Pertamina Drilling     Tbk (2024)
                             Services Indonesia (2021–2024)          • President Commissioner of
                           • Project Leader Santos/Ophir               PT Pertamina Drilling Services
                             Development Indonesia (2008–2019)         Indonesia (2021–2024)
                           • Head of Commissioning, Mukhaizna        • Project Leader Santos/Ophir
                             Field Development – Occidental Oman       Development Indonesia (2008–2019)
                             (2007–2008)                             • Head of Commissioning, Mukhaizna
                           • Engineering Team Leader and               Field Development – Occidental Oman
                             Operation Lead for Indonesia Deep         (2007–2008)
                             Water (Houston) Chevron (2006–2007)     • Engineering Team Leader and
                           • Engineering Team Leader and               Operation Lead for Indonesia Deep
                             Operation Engineer for Indonesia          Water (Houston) Chevron (2006–2007)
                             Deep Water (Houston) Unocal             • Engineering Team Leader and
                             (2005–2006)                               Operation Engineer for Indonesia
                           • Lead Facility Engineer Unocal             Deep Water (Houston) Unocal
                             (Balikpapan) (2003–2005)                  (2005–2006)
                           • Senior Facility Engineer Unocal         • Lead Facility Engineer Unocal
                             (Balikpapan) (2001-–2003)                 (Balikpapan) (2003–2005)
                           • Senior Mechanical Engineer VICO         • Senior Facility Engineer Unocal
                             (1999–2001)                               (Balikpapan) (2001—2003)
                           • Plant Engineer Arco Indonesia           • Senior Mechanical Engineer VICO
                             (1992–1999)                               (1999–2001)
                           • Measurement While Drilling Engineer     • Plant Engineer Arco Indonesia
                             Anadrill Schlumberger (1991–1992)         (1992–1999)
                                                                     • Measurement While Drilling Engineer
                                                                       Anadrill Schlumberger (1991–1992)
Rangkap Jabatan            • Ketua Komite Pemantau Risiko dan        • Chairman of the Company’s Risk and
Concurrent Position          Investasi Perseroan                       Investment Monitoring Committee
                           • Tidak memiliki jabatan rangkap pada     • Does not hold concurrent positions in
                             Perusahaan Tercatat lain                  other Listed Companies
Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan   Has no affiliation with other members of
Affiliated Relationships   anggota Dewan Komisaris lainnya,          the Board of Commissioners, the Board
                           Direksi, dan Pemegang Saham Utama         of Directors, and Main Shareholders
Kepemilikan Saham          Nihil                                     Nil
ELSA
ELSA Share Ownership
Pelatihan                  Disampaikan pada uraian “Dewan            Provided in the "Board of
Training                   Komisaris” dalam bab “Tata Kelola         Commissioners" section under the
                           Perusahaan”                               "Corporate Governance" chapter



                                                                                                                2024 Annual Report PT ELNUSA Tbk   97
Page 100
        PROFIL PERUSAHAAN
        Company Profile




                                     DENIE S. TAMPUBOLON
                                     KOMISARIS INDEPENDEN
                                     INDEPENDENT COMMISSIONER

                                     Menjabat sebagai Komisaris Independen sejak 17 Januari 2024
                                     Served as Independent Commissioner since January 17, 2024


                                     DATA PRIBADI | PERSONAL DATA
                                     Warga Negara Indonesia | Indonesian Citizen
                                     Usia 60 tahun per 31 Desember 2024 | Age 60 years old as of December 31, 2024
                                     Domisili Bogor | Domicile Bogor



                                      Dasar Hukum                Pertama kali ditunjuk sebagai Komisaris    First appointed as Independent
                                      Penunjukan                 Independen Elnusa melalui Akta             Commissioner of Elnusa through the
                                      Legal Basis of             Pernyataan Keputusan Rapat RUPS Luar       Deed of Statement of Resolutions of
                                      Appointment                Biasa No. 33 tanggal 17 Januari 2024       the Extraordinary GMS Meeting No. 33
                                                                                                            dated January 17, 2024
                                      Pendidikan                 S1 Teknik Geodesi, Institut Teknologi      Bachelor’s Degree in Geodetic
                                      Education                  Bandung, Indonesia (1988)                  Engineering, Bandung Institute of
                                                                                                            Technology, Indonesia (1988)
                                      Pengalaman Kerja           • Direktur Utama PT Pertamina              • President Director of PT Pertamina
                                      Work Experience              Internasional EP (2018–2020)               Internasional EP (2018–2020)
                                                                 • Komisaris PT Pertamina Irak Eksplorasi   • Commissioner of PT Pertamina Iraq
                                                                   Produksi (2018–2021)                       Exploration Production (2018–2021)
                                                                 • Komisaris PT Pertamina Internasional     • Commissioner of PT Pertamina
                                                                   Eksplorasi dan Produksi (2018)             Internasional Exploration and
                                                                 • Direktur Etablissments Maurel et Prom      Production (2018)
                                                                   (M&P) (2016–2020)                        • Director of Etablissments Maurel et
                                                                 • Komisaris PT Pertamina EP Cepu             Prom (M&P) (2016–2020)
                                                                   (2017)                                   • Commissioner of PT Pertamina EP
                                                                 • SVP Upstream Business Development          Cepu (2017)
                                                                   PT Pertamina (Persero) (2013–2018)       • SVP Upstream Business Development
                                                                 • VP Upstream Business Development           PT Pertamina (Persero) (2013–2018)
                                                                   PT Pertamina (Persero) (2012–2013)       • VP Upstream Business Development
                                                                 • Staf Ahli Direktur Utama PT Pertamina      PT Pertamina (Persero) (2012–2013)
                                                                   (Persero) (2011–2012)                    • Expert Staff to the President Director
                                                                 • Staff Khusus Menteri ESDM (2010–           of PT Pertamina (Persero) (2011–2012)
                                                                   2011)                                    • Special Staff of the Minister of Energy
                                                                 • Manager Upstream Business                  and Mineral Resources (2010–2011)
                                                                   Intelligence PT Pertamina (Persero)      • Manager of Upstream Business
                                                                   (2009–2010)                                Intelligence of PT Pertamina (Persero)
                                                                 • Staff Ahli Wakil Direktur Utama PT         (2009–2010)
                                                                   Pertamina (Persero) (2007–2009)          • Expert Staff of the Deputy President
                                                                 • Analis Riset – Sekretariat OPEC (2000-     Director of PT Pertamina (Persero)
                                                                   2006)                                      (2007–2009)
                                                                                                            • Research Analyst – OPEC Secretariat
                                                                                                              (2000-2006)
                                      Rangkap Jabatan            • Ketua Komite Audit Perseroan             • Chairman of the Company’s Audit
                                      Concurrent Position        • Tidak memiliki jabatan rangkap pada        Committee
                                                                   Perusahaan Tercatat lain                 • Does not hold concurrent positions in
                                                                                                              other Listed Companies
                                      Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan    Has no affiliation with other members of
                                      Affiliated Relationships   anggota Dewan Komisaris lainnya,           the Board of Commissioners, the Board
                                                                 Direksi, dan Pemegang Saham Utama          of Directors, and Main Shareholders
                                      Kepemilikan Saham          Nihil                                      Nil
                                      ELSA
                                      ELSA Share Ownership
                                      Pelatihan                  Disampaikan pada uraian “Dewan             Provided in the "Board of
                                      Training                   Komisaris” dalam bab “Tata Kelola          Commissioners" section under the
                                                                 Perusahaan”                                "Corporate Governance" chapter
                                      Pernyataan Independen Telah menyatakan independensinya                Declared his independency through
                                      Statement of          melalui Surat Pernyataan Independensi           Statement Letter
                                      Independency




98   PT ELNUSA Tbk Laporan Tahunan 2024
Page 101
                                                                                                                                        PROFIL PERUSAHAAN
                                                                                                                                           Company Profile




ARIANA SOEMANTO
KOMISARIS
COMMISSIONER

Menjabat sebagai Komisaris sejak 15 Mei 2024
Served as Commissioner since May 15, 2024


DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 44 tahun per 31 Desember 2024 | Age 44 years old as of December 31, 2024
Domisili Jakarta | Domicile Jakarta



Dasar Hukum                Pertama kali ditunjuk sebagai Komisaris    First appointed as Commissioner of
Penunjukan                 Elnusa melalui Akta Pernyataan Rapat       Elnusa through the Deed of Statement
Legal Basis of             RUPS Tahunan No. 17 tanggal 15 Mei         of the Annual GMS Meeting No. 17
Appointment                2024                                       dated May 15, 2024
Pendidikan                 • S2 Teknik Perminyakan, Institut          • Master’s Degree in Petroleum
Education                    Teknologi Bandung, Bandung (2012)          Engineering, Bandung Institute of
                           • S1 Teknik Perminyakan, Universitas         Technology, Bandung (2012)
                             Trisakti, Jakarta (2003)                 • Bachelor’s Degree in Petroleum
                                                                        Engineering, Trisakti University, Jakarta
                                                                        (2003)
Pengalaman Kerja           • Direktur Pembinaan Usaha Hulu            • Director of Upstream Oil and Gas
Work Experience              Minyak dan Gas Bumi – Direktorat           Business Development – Directorate
                             Jenderal Minyak dan Gas Bumi,              General of Oil and Gas, Directorate
                             Direktorat Pembinaan Usaha Hulu            of Upstream Oil and Gas Business
                             Minyak dan Gas Bumi (2024–sekarang)        Development (2024–present)
                           • Kepala Balai Besar Pengujian Minyak      • Head of Oil and Gas Testing Center –
                             dan Gas Bumi – Direktorat Jenderal         Directorate General of Oil and Gas,
                             Minyak dan Gas Bumi, Balai Besar           LEMIGAS Oil and Gas Testing Center
                             Pengujian Minyak dan Gas Bumi              (2022–2024)
                             LEMIGAS (2022–2024)                      • Middle Expert Public Relations
                           • Pranata Hubungan Masyarakat Ahli           Officer – Secretariat General, Bureau
                             Madya – Sekretariat Jenderal, Biro         of Communication, Public Information
                             Komunikasi, Layanan Informasi Publik       Services and Cooperation (2020–2022)
                             dan Kerja Sama (2020–2022)               • Head of Communication and Public
                           • Kepala Bagian Komunikasi dan               Information Services Section –
                             Layanan Informasi Publik – Sekretariat     Secretariat General, Bureau of
                             Jenderal, Biro Komunikasi, Layanan         Communication, Public Information
                             Informasi Publik dan Kerja Sama            Services and Cooperation (2016–2020)
                             (2016–2020)                              • Head of Sub-directorate of Business
                           • Kepala Subdirektorat Usaha Penunjang       Oil and Gas Support – Directorate
                             Minyak dan Gas Bumi – Direktorat           General of Oil and Gas, Directorate
                             Jenderal Minyak dan Gas Bumi,              of Oil and Gas Engineering and
                             Direktorat Teknik dan Lingkungan           Environment (2016)
                             Minyak dan Gas Bumi (2016)               • Head of Oil and Gas and Electricity
                           • Kepala Subbagian Perencanaan               General Planning Sub-Division –
                             Umum Minyak dan Gas Bumi dan               Secretariat General, Planning Bureau
                             Ketenagalistrikan – Sekretariat            (2011–2016)
                             Jenderal, Biro Perencanaan (2011–        • Head of Oil and Gas and Electricity
                             2016)                                      Analysis and Evaluation Sub-Division
                           • Kepala Subbagian Analisis dan              – Planning and Cooperation Bureau,
                             Evaluasi Migas dan Ketenagalistrikan       Secretariat General (2010–2011)
                             – Biro Perencanaan dan Kerja Sama,
                             Sekretariat Jenderal (2010–2011)
Rangkap Jabatan            • Anggota Komite Pemantau Risiko dan       • Member of the Company’s Risk and
Concurrent Position          Investasi Perseroan                        Investment Monitoring Committee
                           • Direktur Pembinaan Usaha Hulu            • Director of Upstream Oil and Gas
                             Minyak dan Gas Bumi – Direktorat           Business Development – Directorate
                             Jenderal Minyak dan Gas Bumi,              General of Oil and Gas, Directorate
                             Direktorat Pembinaan Usaha Hulu            of Upstream Oil and Gas Business
                             Minyak dan Gas Bumi                        Development
Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan    Has no affiliation with other members of
Affiliated Relationships   anggota Dewan Komisaris lainnya,           the Board of Commissioners, the Board
                           Direksi, dan Pemegang Saham Utama          of Directors, and Main Shareholders
Kepemilikan Saham          Nihil                                      Nil
ELSA
ELSA Share Ownership
Pelatihan                  Disampaikan pada uraian “Dewan             Provided in the "Board of
Training                   Komisaris” dalam bab “Tata Kelola          Commissioners" section under the
                           Perusahaan”                                "Corporate Governance" chapter




                                                                                                                    2024 Annual Report PT ELNUSA Tbk   99
Page 102
         PROFIL PERUSAHAAN
         Company Profile




Profil Direksi
Profile of the Board of Directors




                                      BACHTIAR SOERIA ATMADJA
                                      DIREKTUR UTAMA
                                      PRESIDENT DIRECTOR

                                      Menjabat sebagai Direktur Utama sejak 17 Januari 2024
                                      Served as President Director since January 17, 2024


                                      DATA PRIBADI | PERSONAL DATA
                                      Warga Negara Indonesia | Indonesian Citizen
                                      Usia 59 tahun per 31 Desember 2024 | Age 59 years old as of December 31, 2024
                                      Domisili Jakarta | Domicile Jakarta



                                       Dasar Hukum                Pertama kali ditunjuk sebagai Direktur   First appointed as President Director of
                                       Penunjukan                 Utama Elnusa melalui Akta Pernyataan     Elnusa through the Deed of Statement
                                       Legal Basis of             Keputusan Rapat RUPS Luar Biasa No. 33   of Resolutions of the Extraordinary GMS
                                       Appointment                tanggal 17 Januari 2024                  Meeting No. 33 dated January 17, 2024
                                       Pendidikan                 • Magister Teknik Perminyakan,           • Master’s Degree in Petroleum
                                       Education                    University of Tulsa, Oklahoma (1994)     Engineering, University of Tulsa,
                                                                  • Sarjana Teknik Perminyakan,              Oklahoma (1994)
                                                                    Universitas Trisakti, Jakarta (1991)   • Bachelor’s Degree in Petroleum
                                                                                                             Engineering, Trisakti University, Jakarta
                                                                                                             (1991)
                                       Pengalaman Kerja           • Direktur Keuangan PT Elnusa Tbk        • Finance Director of PT Elnusa Tbk
                                       Work Experience              (2021–2024)                              (2021–2024)
                                                                  • Senior Vice President, Greater China   • Senior Vice President, Greater China
                                                                    Business Corporate Banking Bank ICBC     Business Corporate Banking Bank ICBC
                                                                    Indonesia (2015–2021)                    Indonesia (2015–2021)
                                                                  • Vice President Corporate Banking BII   • Vice President Corporate Banking BII
                                                                    Maybank (2011–2015)                      Maybank (2011–2015)
                                                                  • Finance Director PT Bina Rasano        • Finance Director PT Bina Rasano
                                                                    Engineering (2007–2011)                  Engineering (2007–2011)
                                                                  • Finance Director PT Deka Petrindo      • Finance Director PT Deka Petrindo
                                                                    (2006–2007)                              (2006–2007)
                                                                  • Finance Director PT Telekomindo        • Finance Director PT Telekomindo
                                                                    Nusantoro (2005)                         Nusantoro (2005)
                                                                  • Deputy Director Bank Persyarikatan     • Deputy Director Bank Persyarikatan
                                                                    Indonesia (2002–2004)                    Indonesia (2002–2004)
                                                                  • Structured Financed Head, Merchant     • Structured Financed Head, Merchant
                                                                    Banking Group–Bank Universal             Banking Group–Bank Universal
                                                                    (2000–2002)                              (2000–2002)
                                                                  • Retail & Commercial Banking Division   • Retail & Commercial Banking Division
                                                                    Head–Bank Putera Multikarsa              Head–Bank Putera Multikarsa
                                                                    (1997–2000)                              (1997–2000)
                                       Rangkap Jabatan            Nihil                                    Nil
                                       Concurrent Position
                                       Hubungan Afiliasi          Tidak memiliki hubungan afiliasi         Has no affiliation with other members of
                                       Affiliated Relationships   dengan anggota Direksi lainnya, Dewan    the Board of Commissioners, the Board
                                                                  Komisaris, dan Pemegang Saham Utama      of Directors, and Main Shareholders
                                       Kepemilikan Saham          Nihil                                    Nil
                                       ELSA
                                       ELSA Share Ownership
                                       Pelatihan                  Disampaikan pada uraian “Direksi”        Provided in the "Board of
                                       Training                   dalam bab “Tata Kelola Perusahaan”       Commissioners" section under the
                                                                                                           "Corporate Governance" chapter




100   PT ELNUSA Tbk Laporan Tahunan 2024
Page 103
                                                                                                                                       PROFIL PERUSAHAAN
                                                                                                                                          Company Profile




STANLEY IRIAWAN
DIREKTUR KEUANGAN
DIRECTOR OF FINANCE

Menjabat sebagai Direktur Keuangan sejak 17 Januari 2024
Served as Director of Finance since January 17, 2024


DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 59 tahun per 31 Desember 2024 | Age 59 years old as of December 31, 2024
Domisili Jakarta | Domicile Jakarta



Dasar Hukum                Pertama kali ditunjuk sebagai Direktur      First appointed as Finance Director of
Penunjukan                 Keuangan Elnusa melalui Akta                Elnusa through the Deed of Statement
Legal Basis of             Pernyataan Keputusan Rapat RUPS Luar        of Resolutions of the Extraordinary GMS
Appointment                Biasa No. 33 tanggal 17 Januari 2024        Meeting No. 33 dated January 17, 2024
Pendidikan                 Sarjana Bisnis Manajemen, Southern          Bachelor of Business Management,
Education                  Oregon University, Oregon, USA (1988)       Southern Oregon University, Oregon,
                                                                       USA (1988)
Pengalaman Kerja           • Direktur Keuangan & Penunjang             • Director of Finance & Business
Work Experience              Bisnis PT Patra Drilling Contractor         Support PT Patra Drilling Contractor
                             (2022–2023)                                 (2022–2023)
                           • Direktur Utama PT PPA Kapital             • President Director PT PPA Kapital
                             (2021–2022)                                 (2021–2022)
                           • SVP Division Head Investment &            • SVP Division Head Investment &
                             Advisory PT PPA Kapital (2017–2020)         Advisory PT PPA Kapital (2017–2020)
                           • Direktur PT Bumi Asri Prima Pratama       • Director PT Bumi Asri Prima Pratama
                             (2015–2016)                                 (2015–2016)
                           • Komisaris PT Bumi Asri Prima Pratama      • Commissioner PT Bumi Asri Prima
                             (2014)                                      Pratama (2014)
                           • Chief Financial Officer Minang            • Chief Financial Officer Minang
                             Jordanindo Group (2009–2013)                Jordanindo Group (2009–2013)
                           • Chief Executive Officer PT Smart Energi   • Chief Executive Officer PT Smart Energi
                             Indonesia (2007–2008)                       Indonesia (2007–2008)
Rangkap Jabatan            Komisaris Elnusa Petrofin                   Commissioner Elnusa Petrofin
Concurrent Position
Hubungan Afiliasi          Tidak memiliki hubungan afiliasi            Has no affiliation with other members of
Affiliated Relationships   dengan anggota Direksi lainnya, Dewan       the Board of Commissioners, the Board
                           Komisaris, dan Pemegang Saham Utama         of Directors, and Main Shareholders
Kepemilikan Saham          Nihil                                       Nil
ELSA
ELSA Share Ownership
Pelatihan                  Disampaikan pada uraian “Direksi”           Provided in the "Board of
Training                   dalam bab “Tata Kelola Perusahaan”          Commissioners" section under the
                                                                       "Corporate Governance" chapter




                                                                                                                   2024 Annual Report PT ELNUSA Tbk   101
Page 104
         PROFIL PERUSAHAAN
         Company Profile




                                      ENDRO HARTANTO
                                      DIREKTUR OPERASI
                                      DIRECTOR OF OPERATIONS

                                      Menjabat sebagai Direktur Operasi sejak 17 Januari 2024
                                      Served as Director of Operations since January 17, 2024


                                      DATA PRIBADI | PERSONAL DATA
                                      Warga Negara Indonesia | Indonesian Citizen
                                      Usia 57 tahun per 31 Desember 2024 | Age 57 years old as of December 31, 2024
                                      Domisili Jakarta | Domicile Jakarta



                                       Dasar Hukum                Pertama kali ditunjuk sebagai Direktur     First appointed as Elnusa’s Operations
                                       Penunjukan                 Operasi Elnusa melalui Akta Pernyataan     Director through the Deed of Statement
                                       Legal Basis of             Keputusan Rapat RUPS Luar Biasa No. 33     of Resolutions of the Extraordinary GMS
                                       Appointment                tanggal 17 Januari 2024                    Meeting No. 33 dated January 17, 2024
                                       Pendidikan                 • Sarjana Teknik Geologi Umum,             • Bachelor of General Geological
                                       Education                    Universitas Pembangunan Nasional           Engineering, Universitas
                                                                    Veteran Yogyakarta, Yogyakarta (1992)      Pembangunan Nasional Veteran
                                                                  • Magister Teknik Geofisika, University      Yogyakarta, Yogyakarta (1992)
                                                                    of Tulsa, Oklahoma, USA (1995)           • Master of Geophysical Engineering,
                                                                  • Magister Administrasi Bisnis, Institut     University of Tulsa, Oklahoma, USA
                                                                    Teknologi Bandung, Bandung (2006)          (1995)
                                                                                                             • Master of Business Administration,
                                                                                                               Institut Teknologi Bandung, Bandung
                                                                                                               (2006)
                                       Pengalaman Kerja           • Direktur Utama PT Pertamina EP Cepu      • President Director of PT Pertamina EP
                                       Work Experience              (2022–2023)                                Cepu (2022–2023)
                                                                  • VP Subsurface Development &              • VP Subsurface Development &
                                                                    Resources Evaluation PT Pertamina          Resources Evaluation PT Pertamina
                                                                    Hulu Energi (2020–2022)                    Hulu Energi (2020–2022)
                                                                  • VP Development PT Pertamina Hulu         • VP Development PT Pertamina Hulu
                                                                    Indonesia (2019–2020)                      Indonesia (2019–2020)
                                                                  • VP Exploration & Development             • VP Exploration & Development
                                                                    PT Pertamina Hulu Indonesia (2019)         PT Pertamina Hulu Indonesia (2019)
                                                                  • Manager Business Ventures III            • Manager Business Ventures III
                                                                    PT Pertamina (Persero) (2018–2019)         PT Pertamina (Persero) (2018–2019)
                                                                  • Manager Eurasia & America Ventures       • Manager Eurasia & America Ventures
                                                                    PT Pertamina (Persero) (2016–2018)         PT Pertamina (Persero) (2016–2018)
                                       Rangkap Jabatan            Komisaris PT Elnusa Oilfield Services &    Commissioner of PT Elnusa Oilfield
                                       Concurrent Position        Komisaris PT Elnusa Geosains Indonesia     Services & Commissioner of PT Elnusa
                                                                                                             Geosains Indonesia
                                       Hubungan Afiliasi          Tidak memiliki hubungan afiliasi           Has no affiliation with other members of
                                       Affiliated Relationships   dengan anggota Direksi lainnya, Dewan      the Board of Commissioners, the Board
                                                                  Komisaris, dan Pemegang Saham Utama        of Directors, and Main Shareholders
                                       Kepemilikan Saham          Nihil                                      Nil
                                       ELSA
                                       ELSA Share Ownership
                                       Pelatihan                  Disampaikan pada uraian “Direksi”          Provided in the "Board of
                                       Training                   dalam bab “Tata Kelola Perusahaan”         Commissioners" section under the
                                                                                                             "Corporate Governance" chapter




102   PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                                                     PROFIL PERUSAHAAN
                                                                                                                                        Company Profile




ARIEF PRASETYO HANDOYO
DIREKTUR PENGEMBANGAN USAHA
DIRECTOR OF BUSINESS DEVELOPMENT

Menjabat sebagai Direktur Pengembangan Usaha sejak 17 Januari 2024
Served as Director of Business Development since January 17, 2024


DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 52 tahun per 31 Desember 2024 | Age 52 years old as of December 31, 2024
Domisili Jakarta | Domicile Jakarta



Dasar Hukum                Pertama kali ditunjuk sebagai Direktur     First appointed as Elnusa’s Director of
Penunjukan                 Pengembangan Usaha Elnusa melalui          Business Development through the
Legal Basis of             Akta Pernyataan Keputusan Rapat RUPS       Deed of Statement of Resolutions of
Appointment                Luar Biasa No. 33 tanggal 17 Januari       the Extraordinary GMS Meeting No. 33
                           2024                                       dated January 17, 2024
Pendidikan                 • Sarjana Teknik Geologi Umum,             • Bachelor of General Geological
Education                    Universitas Gadjah Mada, Yogyakarta        Engineering, Gadjah Mada University,
                             (1998)                                     Yogyakarta (1998)
                           • Magister Bisnis Administrasi, Institut   • Master of Business Administration,
                             Teknologi Bandung, Bandung (2006)          Bandung Institute of Technology,
                                                                        Bandung (2006)
Pengalaman Kerja           • VP Development & Drilling                • VP Development & Drilling
Work Experience              PT Pertamina Hulu Indonesia                PT Pertamina Hulu Indonesia
                             (2021–2023)                                (2021–2023)
                           • Asset 1 Exploitation Senior Manager      • Asset 1 Exploitation Senior Manager
                             PT Pertamina EP (2019–2021)                PT Pertamina EP (2019–2021)
                           • Prabumulih & Limau Exploitation          • Prabumulih & Limau Exploitation
                             Manager PT Pertamina EP                    Manager PT Pertamina EP
                             (2018– 2019)                               (2018– 2019)
                           • Tambun & Subang Exploitation             • Tambun & Subang Exploitation
                             Manager PT Pertamina EP (2017–201          Manager PT Pertamina EP (2017–201
                           • Aset 3 G&G Manager PT Pertamina EP       • Asset 3 G&G Manager PT Pertamina
                             (2015–2017)                                EP (2015–2017)
                           • Senior G&G Engineer PT Pertamina EP      • Senior G&G Engineer PT Pertamina EP
                             (2015)                                     (2015)
                           • Ahli Geologi & Geofisika PT Pertamina    • Geologist & Geophysicist PT Pertamina
                             EP (2011–2013)                             EP (2011–2013)
Rangkap Jabatan            Komisaris PT Sigma Cipta Utama             Commissioner PT Sigma Cipta Utama
Concurrent Position
Hubungan Afiliasi          Tidak memiliki hubungan afiliasi           Has no affiliation with other members of
Affiliated Relationships   dengan anggota Direksi lainnya, Dewan      the Board of Commissioners, the Board
                           Komisaris, dan Pemegang Saham Utama        of Directors, and Main Shareholders
Kepemilikan Saham          Nihil                                      Nil
ELSA
ELSA Share Ownership
Pelatihan                  Disampaikan pada uraian “Direksi”          Provided in the "Board of
Training                   dalam bab “Tata Kelola Perusahaan”         Commissioners" section under the
                                                                      "Corporate Governance" chapter




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         PROFIL PERUSAHAAN
         Company Profile




                                      HERA HANDAYANI
                                      DIREKTUR SUMBER DAYA MANUSIA & UMUM
                                      DIRECTOR OF HUMAN CAPITAL & GENERAL AFFAIRS

                                      Menjabat sebagai Direktur Sumber Daya Manusia & Umum sejak 6 Juni 2023
                                      Served as Director of Human Capital & General Affairs since June 6, 2023


                                      DATA PRIBADI | PERSONAL DATA
                                      Warga Negara Indonesia | Indonesian Citizen
                                      Usia 49 tahun per 31 Desember 2024 | Age 49 years old as of December 31, 2024
                                      Domisili Jakarta | Domicile Jakarta



                                       Dasar Hukum                Pertama kali ditunjuk sebagai Direktur   First appointed as Director of HR &
                                       Penunjukan                 SDM & Umum Elnusa melalui Akta           General Affairs of Elnusa through the
                                       Legal Basis of             Berita Acara RUPS Tahunan PT Elnusa      Deed of Minutes of the Annual GMS of
                                       Appointment                Tbk tanggal 6 Juni 2023                  PT Elnusa Tbk dated June 6, 2023
                                       Pendidikan                 • Magister Management: Risk              • Master of Management: Risk
                                       Education                    Management, Universitas Indonesia,       Management, University of Indonesia,
                                                                    Jakarta (2005)                           Jakarta (2005)
                                                                  • Sarjana Teknik Industri, Institut      • Bachelor of Industrial Engineering,
                                                                    Teknologi Bandung, Bandung (2005)        Bandung Institute of Technology,
                                                                                                             Bandung (2005)
                                       Pengalaman Kerja           • Vice President Business Development    • Vice President of Business
                                       Work Experience              & Marketing PT Elnusa Tbk (2022)         Development & Marketing of
                                                                  • Vice President Business Development      PT Elnusa Tbk (2022)
                                                                    PT Elnusa Tbk (2019–2022)              • Vice President of Business
                                                                  • Vice President of Engineering            Development of PT Elnusa Tbk
                                                                    Centre & Quality Management (Pjs)        (2019–2022)
                                                                    PT Elnusa Tbk (2019)                   • Vice President of Engineering Center
                                                                  • Senior Manager of Quality                & Quality Management (Pjs) of
                                                                    Management PT Elnusa Tbk                 PT Elnusa Tbk (2019)
                                                                    (2018– 2019)                           • Senior Manager of Quality
                                                                  • Project Management Officer PT Elnusa     Management of PT Elnusa Tbk
                                                                    Tbk (2014–2015)                          (2018– 2019)
                                                                  • Director PT Quant Capital Investama    • Project Management Officer of
                                                                    (2009–2014)                              PT Elnusa Tbk (2014–2015)
                                                                  • Director LETMI ITB Bandung             • Director of PT Quant Capital Investama
                                                                    (2007– 2010)                             (2009–2014)
                                                                  • Lecturer Magister Management           • Director of LETMI ITB Bandung
                                                                    Universitas Indonesia (2006–2010)        (2007– 2010)
                                                                                                           • Lecturer Magister Management
                                                                                                             University of Indonesia (2006–2010)
                                       Rangkap Jabatan            Komisaris Elnusa Trans Samudera          Commissioner Elnusa Trans Samudera
                                       Concurrent Position
                                       Hubungan Afiliasi          Tidak memiliki hubungan afiliasi         Has no affiliation with other members of
                                       Affiliated Relationships   dengan anggota Direksi lainnya, Dewan    the Board of Commissioners, the Board
                                                                  Komisaris, dan Pemegang Saham Utama      of Directors, and Main Shareholders
                                       Kepemilikan Saham          Nihil                                    Nil
                                       ELSA
                                       ELSA Share Ownership
                                       Pelatihan                  Disampaikan pada uraian “Direksi”        Provided in the "Board of
                                       Training                   dalam bab “Tata Kelola Perusahaan”       Commissioners" section under the
                                                                                                           "Corporate Governance" chapter




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                    PROFIL PERUSAHAAN
                       Company Profile




2024 Annual Report PT ELNUSA Tbk   105
Page 108
             PROFIL PERUSAHAAN
             Company Profile




Profil Pejabat Eksekutif
Executive Officers Profile



FRIDA LIDWINA
Corporate Secretary

Menjabat sebagai Corporate Secretary sejak 1 April 2024
Served as Corporate Secretary since April 1, 2024

DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 50 tahun per 31 Desember 2024 | Age 50 years old as of December 31, 2024
Domisili DKI Jakarta | Domicile DKI Jakarta


Pendidikan                        MBA, Master of Business Adminsitration, The University of        MBA, Master of Business Adminsitration, The University of
Education                         Western Australia, 2000                                          Western Australia, 2000
Pengalaman Kerja                  Bergabung di PT Elnusa Tbk sejak 1 April 2024                    Joined PT Elnusa Tbk since April 1, 2024
Work Experience
Dasar Hukum Penunjukan            SK No.648/EN/KPTS/000D/2022                                      SK No.648/EN/KPTS/000D/2022
Legal Basis of Appointment




TUGIMIN
Chief Audit Executive

Menjabat sebagai Chief Audit Executive sejak 1 September 2022
Served as Chief Audit Executive since September 1, 2022

DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 43 tahun per 31 Desember 2024 | Age 43 years old as of December 31, 2024
Domisili DKI Jakarta | Domicile DKI Jakarta


Pendidikan                        S.E, Ekonomi Akuntansi, Universitas Indonesia Jakarta, 2004
Education
Pengalaman Kerja                  Sebelum menempati posisi sebagai Chief Audit Executive,
Work Experience                   beliau menjabat sebagai Manager Internal Audit PT Pertamina
                                  (Persero) (2021–2022)
Dasar Hukum Penunjukan            SK No.648/EN/KPTS/000D/2022
Legal Basis of Appointment



RAMON ARIAS PILI
VP HSSE

Menjabat sebagai VP HSSE sejak 1 November 2019
Served as VP HSSE since November 1, 2019

DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 47 tahun per 31 Desember 2024 | Age 47 years old as of December 31, 2024
Domisili Depok, Jawa Barat | Domicile Depok, West Java


Pendidikan                        S.E, Ekonomi Studi Pembangunan, Universitas Indonesia Jakarta,
Education                         2001
Pengalaman Kerja                  Sebelum menempati posisi sebagai VP of HSSE, beliau menjabat
Work Experience                   sebagai VP of Supply Chain Management (2018–2019)
Dasar Hukum Penunjukan            SK No.648/EN/KPTS/000D/2022
Legal Basis of Appointment




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                                                                                                                     PROFIL PERUSAHAAN
                                                                                                                        Company Profile




LULUT SUGIANTO
VP Upstream Services

Menjabat sebagai VP Upstream Services sejak 1 Juli 2022
Served as VP Upstream Services since July 1, 2022

DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 46 tahun per 31 Desember 2024 | Age 46 years old as of December 31, 2024
Domisili DKI Jakarta | Domicile DKI Jakarta


Pendidikan                        S.T, Teknik Industri, Universitas Balikpapan, 2004
Education
Pengalaman Kerja                  Sebelum menempati posisi sebagai VP Of Upstream Services,
Work Experience                   beliau menjabat sebagai SM of Asset Reliability & Prod. POMS
                                  (2017–2022)
Dasar Hukum Penunjukan            SK No.648/EN/KPTS/000D/2022
Legal Basis of Appointment



BAYU TRIANTO
VP EPC & OM Services

Menjabat sebagai VP EPC & OM Services sejak 22 November 2024
Served as VP EPC & OM Services since November 22, 2024

DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 38 tahun per 31 Desember 2024 | Age 38 years old as of December 31, 2024
Domisili DKI Jakarta | Domicile DKI Jakarta


Pendidikan                        M.M, Magister Management, Universitas Gadjah Mada
Education                         Yogyakarta, 2015
Pengalaman Kerja                  Sebelum menempati posisi sebagai VP of EPC & OM Services,
Work Experience                   beliau menjabat sebagai GM Sales EPC & OM Services
                                  (2022–2024)
Dasar Hukum Penunjukan            SK No.648/EN/KPTS/000D/2022
Legal Basis of Appointment



NUR KHOLIS
VP Asset Realibility & Productivity

Menjabat sebagai VP Asset Realibility & Productivity sejak 8 Januari 2024
Served as VP Asset Realibility & Productivity since January 8, 2024

DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 51 tahun per 31 Desember 2024 | Age 51 years old as of December 31, 2024
Domisili Tangerang Selatan, Banten | Domicile Tangerang Selatan, Banten


Pendidikan                        M.M, Magister Management, Universitas Bina Nusantara
Education                         Jakarta, 2009
Pengalaman Kerja                  Sebelum menempati posisi sebagai VP of Asset Realibility
Work Experience                   & Productivity, beliau menjabat sebagai Direktur Operasi &
                                  Marketing EPN (2018–2024)
Dasar Hukum Penunjukan            SK No.648/EN/KPTS/000D/2022
Legal Basis of Appointment




                                                                                                 2024 Annual Report PT ELNUSA Tbk   107
Page 110
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             Company Profile




REIZKY RAHADIAN LENDRA
VP Controller

Menjabat sebagai VP Controller sejak 18 Oktober 2022
Served as VP Controller since October 18, 2022

DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 44 tahun per 31 Desember 2024 | Age 44 years old as of December 31, 2024
Domisili Jakarta Timur, DKI Jakarta | Domicile East Jakarta, DKI Jakarta


Pendidikan                        S.Pn., Administrasi Fiskal, Universitas Indonesia Jakarta, 2007
Education
Pengalaman Kerja                  Sebelum menempati posisi sebagai VP of Controller, beliau
Work Experience                   menjabat sebagai SM of Financial Business Controller
                                  (2021–2022)
Dasar Hukum Penunjukan            SK No.648/EN/KPTS/000D/2022
Legal Basis of Appointment



HANNY RETNO HAPSARI
VP Finance & Treasury

Menjabat sebagai VP Finance & Treasury sejak 7 Agustus 2023
Served as VP Finance & Treasury since August 7, 2023

DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 47 tahun per 31 Desember 2024 | Age 47 years old as of December 31, 2024
Domisili Tangerang Selatan, Banten | Domicile Tangerang Selatan, Banten


Pendidikan                        Magister Management, Sekolah Tinggi Prasetya Mulya, 2005
Education
Pengalaman Kerja                  Sebelum menempati posisi sebagai VP of Treasury & Financing,
Work Experience                   beliau menjabat sebagai Direktur SDM dan Umum EPN
                                  (2021–2023)
Dasar Hukum Penunjukan            SK No.648/EN/KPTS/000D/2022
Legal Basis of Appointment



RIFQI BUDI PRASETYO
VP Strategic Planning & Corporate Management

Menjabat sebagai VP Strategic Planning & Corporate Management sejak 1 Juni 2024
Served as VP Strategic Planning & Corporate Management since June 1, 2024

DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 42 tahun per 31 Desember 2024 | Age 42 years old as of December 31, 2024
Domisili Bekasi, Jawa Barat | Domicile Bekasi, West Java


Pendidikan                        S.E, Akuntansi, Universitas Padjajaran Bandung, 2004
Education
Pengalaman Kerja                  Sebelum menempati posisi sebagai VP of Strategic Planning &
Work Experience                   Corporate Management, beliau menjabat sebagai Corporate
                                  Secretary PT Pertamina Lubricant (2022–2024)
Dasar Hukum Penunjukan            SK No.648/EN/KPTS/000D/2022
Legal Basis of Appointment




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MIRA PUSPITAWATI
Senior Manager Enterprise Risk Management

Menjabat sebagai Senior Manager Enterprise Risk Management sejak 1 Mei 2021
Served as Senior Manager Enterprise Risk Management since May 1, 2021

DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 44 tahun per 31 Desember 2024 | Age 44 years old as of December 31, 2024
Domisili DKI Jakarta | Domicile DKI Jakarta


Pendidikan                        S.E, Ekonomi Manajemen, Universitas Indonesia Jakarta, 2002
Education
Pengalaman Kerja                  Sebelum menempati posisi sebagai Senior Manager of
Work Experience                   Enterprise Risk Management, beliau menjabat sebagai Senior
                                  Manager of Financing (2019–2021)
Dasar Hukum Penunjukan            SK No.648/EN/KPTS/000D/2022
Legal Basis of Appointment



AGUNG WAHIDIN
VP Human Capital

Menjabat sebagai VP Human Capital sejak 6 Juli 2020
Served as VP Human Capital since July 6, 2020

DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 49 tahun per 31 Desember 2024 | Age 49 years old as of December 31, 2024
Domisili Bekasi, jawa Barat | Domicile Bekasi, West Java


Pendidikan                        MBA, Master Of Business Administration, IPMI Business School
Education                         Jakarta, 2021
Pengalaman Kerja                  Sebelum menempati posisi sebagai VP Of Human Capital, beliau
Work Experience                   menjabat sebagai SM of Human Capital Business Partner
                                  (2016–2020)
Dasar Hukum Penunjukan            SK No.648/EN/KPTS/000D/2022
Legal Basis of Appointment



INA MARVITASARI
VP Property Management & General Services

Menjabat sebagai VP Property Management & General Services sejak 1 Maret 2024
Served as VP Property Management & General Services since March 1, 2024

DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 50 tahun per 31 Desember 2024 | Age 50 years old as of December 31, 2024
Domisili Bekasi, Jawa Barat | Domicile Bekasi, West Java


Pendidikan                        M.M., Magister Management, Universitas Gadjah Mada,
Education                         Yogyakarta, 2008
Pengalaman Kerja                  Sebelum menempati posisi sebagai VP Property Mgt & General
Work Experience                   Services, beliau menjabat sebagai Senior Manager Human
                                  Capital Management (2020–2024)
Dasar Hukum Penunjukan            SK No.648/EN/KPTS/000D/2022
Legal Basis of Appointment




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NOVRIZAL
VP Business Development & Marketing

Menjabat sebagai VP Business Development & Marketing sejak 2 Januari 2024
Served as VP Business Development & Marketing since January 2, 2024

DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 44 tahun per 31 Desember 2024 | Age 44 years old as of December 31, 2024
Domisili Jakarta Selatan, DKI Jakarta | Domicile South Jakarta, DKI Jakarta


Pendidikan                        S.Kom, Teknik Informatika, Sekolah Tinggi Teknik Ilmu Komputer
Education                         (Meridian) Jakarta, 2007
Pengalaman Kerja                  Sebelum menempati posisi sebagai VP Business Development
Work Experience                   & Marketing, beliau menjabat sebagai General Manager
                                  Marketing (2022–2023)
Dasar Hukum Penunjukan            SK No.648/EN/KPTS/000D/2022
Legal Basis of Appointment




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Demografi Sumber Daya Manusia
Demographics of Human Resources



KOMPOSISI SDM BERDASARKAN GENDER/JENIS KELAMIN
Composition of Human Resources by Gender
                                        2024                      2023                      2022

No.               Gender                    Persentase                Persentase                Persentase        Gender
                               Jumlah                    Jumlah                    Jumlah
                                            Percentage                Percentage                Percentage
                                Total                     Total                     Total
                                                (%)                       (%)                       (%)
 1    Laki-laki                   1.603           85,3      1.563           85,8      1.590           86,9                    Male
 2    Perempuan                    276            14,7       258            14,2       239            13,1                  Female
      Jumlah                      1.879          100,0      1.821          100,0      1.829          100,0                     Total

KOMPOSISI SDM BERDASARKAN JENJANG JABATAN
Composition of Human Resources by Position
                                        2024                      2023                      2022

No.          Jenjang Jabatan                Persentase                Persentase                Persentase       Position
                               Jumlah                    Jumlah                    Jumlah
                                            Percentage                Percentage                Percentage
                                Total                     Total                     Total
                                                (%)                       (%)                       (%)
 1    Direktur                          5          0,3            4          0,2            5          0,3                  Director
 2    Direktur Anak                     6          0,3            6          0,3            6          0,3    Director Subsidiaries
      Perusahaan
 3    Vice President &              12             0,6        13             0,7        17             0,9        Vice President &
      Fungsional Setara                                                                                        Equivalent Function
 4    Senior Manager &              50             2,7        50             2,7        66             3,6      Senior Manager &
      Fungsional Setara                                                                                        Equivalent Function
 5    Manager & Fungsional         164             8,7       180             9,9       208            11,4   Manager & Equivalent
      Setara                                                                                                            Function
 6    Junior Manager &             345            18,4       358            19,7       303            16,6       Junior Manager &
      Fungsional Setara                                                                                        Equivalent Function
 7    Supervisor                   544            29,0       415            22,8       426            23,3              Supervisor
 8    Staf                         753            40,1       795            43,7       798            43,6                     Staff
      Jumlah                      1.879          100,0      1.821          100,0      1.829          100,0                     Total

KOMPOSISI SDM BERDASARKAN RENTANG USIA
Composition of Human Resources by Age Range
                                        2024                      2023                      2022

No.           Rentang Usia                  Persentase                Persentase                Persentase      Age Range
                               Jumlah                    Jumlah                    Jumlah
                                            Percentage                Percentage                Percentage
                                Total                     Total                     Total
                                                (%)                       (%)                       (%)
 1    ≤20 tahun                         0          0,0            0            0            0          0,0           ≤20 years old
 2    21–25 tahun                   43             2,3        11             1,0            7          0,7        21–25 years old
 3    26–30 tahun                  243            12,9        89             8,5        88             8,3        26–30 years old
 4    31–35 tahun                  339            18,0       192            18,3       223            21,2        31–35 years old
 5    36–40 tahun                  379            20,2       263            25,0       261            24,8        36–40 years old
 6    41–45 tahun                  383            20,4       203            19,3       183            17,4        41–45 years old
 7    46–50 tahun                  263            14,0       168            16,0       169            16,0        46–50 years old
 8    51–55 tahun                  221            11,8       119            11,3       117            11,1        51–55 years old
 9    ≥55 tahun                         8          0,4            7          0,6            6          0,6           ≥55 years old
      Jumlah                      1.879          100,0      1.821          100,0      1.829          100,0                     Total



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KOMPOSISI SDM BERDASARKAN STATUS KEPEGAWAIAN
Composition of Human Resources by Employment Status
                                          2024                      2023                      2022

No.      Status Kepegawaian                   Persentase                Persentase                Persentase   Employment Status
                                 Jumlah                    Jumlah                    Jumlah
                                              Percentage                Percentage                Percentage
                                  Total                     Total                     Total
                                                  (%)                       (%)                       (%)
 1     Direksi                            5          0,3            4          0,2            5          0,3      Board of Directors
 2     Direksi Anak Perusahaan            6          0,3            6          0,3            6          0,3    Board of Directors of
                                                                                                                         Subsidiaries
 3     Tetap                        1.386           73,8      1.386           76,1      1.428           21,3             Permanent
 4     Kontrak                       482            25,7       425            23,3       390            78,1                Contract
       Jumlah                       1.879          100,0      1.821          100,0      1.829          100,0                   Total



KOMPOSISI SDM BERDASARKAN TINGKAT PENDIDIKAN
Composition of Human Resources by Educational Level
                                          2024                      2023                      2022

No.       Tingkat Pendidikan                  Persentase                Persentase                Persentase   Educational Level
                                 Jumlah                    Jumlah                    Jumlah
                                              Percentage                Percentage                Percentage
                                  Total                     Total                     Total
                                                  (%)                       (%)                       (%)
 1     Strata 2 (S2) & S3            128           6,8%        127             7,0       134             7,3        Post-Graduate &
                                                                                                                          Doctorate
 2     Strata 1 (S1)                1.221         65,0%       1.141           62,7      1.110           60,7         Undergraduate
 3     Diploma                       176           9,4%        172             9,4       179             9,8                Diploma
 4     <SMA                          354          18,8%        381            20,9       406            22,2     <Senior High School
       Jumlah                       1.879          100,0      1.821          100,0      1.829          100,0                   Total




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Struktur dan Komposisi
Pemegang Saham
Demographics of Human Resources


PEMEGANG SAHAM UTAMA/PENGENDALI                                MAJOR/CONTROLLING SHAREHOLDERS UP TO
HINGGA NAMA PEMILIK AKHIR PERSEROAN                            THE NAMES OF ULTIMATE OWNERS OF THE
                                                               COMPANY




                                              Pemerintah Republik Indonesia
                                          Government of the Republic of Indonesia
                                                         100,0%




                                                              99,9%




                                                              51,1%




STRUKTUR PEMEGANG SAHAM                                        SHAREHOLDERS STRUCTURE
Berikut skema komposisi pemegang saham Perseroan, termasuk     Following is scheme of the Company’s shareholders composition,
pemegang saham utama dan/atau pengendali, adalah sebagai       including the major and/or controlling shareholders, namely as
berikut:                                                       follows:



                                                    PT Panin Sekuritas

                                                        6,2%


                                                                                                      Publik | Public

                 51,1%                                                                                42,7%




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KOMPOSISI KEPEMILIKAN SAHAM PERSEROAN                                  COMPOSITION OF THE COMPANY’S SHARE
                                                                       OWNERSHIP
Berikut skema komposisi kepemilikan saham Perseroan, termasuk          Following is scheme of the Company’s share ownership, including
kepemilikan saham 5% atau lebih dan/atau kepemilikan di bawah          share ownership of 5% or more and/or ownership of below 5%,
5%, adalah sebagai berikut:                                            namely as follows:

KEPEMILIKAN SAHAM ELNUSA PER 1 JANUARI 2024
Share Ownership of Elnusa as of January 1, 2024
                                     Jumlah
                                                       Jumlah                                 Persentase
                                    Pemegang
                                                     Kepemilikan          Nilai Saham        Kepemilikan
          Pemegang Saham              Saham                                                                        Shareholders
                                                        Total             Share Value         Percentage
                                       Total
                                                      Ownership                              of Ownership
                                   Shareholders
 Kepemilikan Saham 5% atau Lebih                                                                            Share Ownership of 5% or More
 PT Pertamina Hulu Energi                      1     3.729.781.000     372.978.100.000               51,1         PT Pertamina Hulu Energi
 Kepemilikan Saham di Bawah 5%                                                                                  Share Ownership below 5%
 Dewan Komisaris dan Direksi                   0                   –                    –             0,0      Board of Commissioners and
                                                                                                                         Board of Directors
 Publik <5%                              39.060      3.568.719.000     356.871.900.000               48,9                         Public <5%
 Jumlah                                  39.061     7.298.500.000      729.850.000.000              100,0                              Total



KEPEMILIKAN SAHAM ELNUSA PER 31 DESEMBER 2024
Share Ownership of Elnusa as of December 31, 2024
                                     Jumlah
                                                       Jumlah                                 Persentase
                                    Pemegang
                                                     Kepemilikan          Nilai Saham        Kepemilikan
          Pemegang Saham              Saham                                                                        Shareholders
                                                        Total             Share Value         Percentage
                                       Total
                                                      Ownership                              of Ownership
                                   Shareholders
 Kepemilikan Saham 5% atau Lebih                                                                            Share Ownership of 5% or More
 PT Pertamina Hulu Energi                      1     3.729.781.000     372.978.100.000               51,1         PT Pertamina Hulu Energi
 PT Panin Sekuritas Tbk                        1         455.104.000      45.510.400.000              6,2            PT Panin Sekuritas Tbk
 Kepemilikan Saham di Bawah 5%                                                                                  Share Ownership below 5%
 Dewan Komisaris dan Direksi                   0                   –                    –             0,0      Board of Commissioners and
                                                                                                                         Board of Directors
 Publik <5%                              40.376      3.113.615.000     311.361.500.000               42,7                         Public <5%
 Jumlah                                  40.378     7.298.500.000      729.850.000.000              100,0                              Total



KOMPOSISI KEPEMILIKAN SAHAM BERDASARKAN KLASIFIKASI
Composition of Share Ownership Based on Classification



                   Uraian                         2024             2023              2022                       Description



 Badan Usaha Domestik                                61,9%             58,2%                57,9%            Domestic Institutional Investor
 Perseorangan Domestik                               24,6%             30,5%                33,3%              Domestic Individual Investor
 Badan Usaha Asing                                   13,4%             11,2%                 8,7%              Foreign Institutional Investor
 Perseorangan Asing                                      0,1%             0,1%               0,1%                Foreign Individual Investor




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JUMLAH PEMEGANG SAHAM DENGAN KEPEMILIKAN <5% TAHUN 2024
Total Shareholders With Ownership of <5% in 2024

                                                        Jumlah Pemegang Saham
                      Bulan                                                                                 Month
                                                           Total Shareholders

Januari                                                         39.287                                                           January
Februari                                                        39.706                                                          February
Maret                                                           41.015                                                            March
April                                                           39.746                                                              April
Mei                                                             37.663                                                              May
Juni                                                            36.275                                                              June
Juli                                                            35.358                                                               July
Agustus                                                         40.643                                                            August
September                                                       41.009                                                        September
Oktober                                                         43.111                                                          October
November                                                        41.589                                                        November
Desember                                                        40.376                                                        December

KOMPOSISI PEMEGANG SAHAM < 5% PER 31 DESEMBER 2024
Composition of Shareholders of <5% as per December 31, 2024

                                              Domestik                            Asing
                                            Domestic/Local                       Foreign

       Kelompok Pemegang Saham         Jumlah                           Jumlah                               Shareholders Group
                                      Pemegang                         Pemegang
                                                    Jumlah Saham                      Jumlah Saham
                                        Saham                            Saham
                                                     Total Shares                      Total Shares
                                         Total                            Total
                                     Shareholders                     Shareholders

Ritel                                      40.040    1.798.326.726              41           7.353.800                             Retail
Institusi                                     162       327.629.928             133        980.304.546                        Institution
Jumlah                                     40.202   2.125.956.654               174        987.658.346                              Total

KAPITALISASI PASAR 2020–2024
Market Capitalization 2020-2024
                                 2024           2023             2022             2021              2020
Kapitalisasi Pasar               3.153          2.832            2.277           2.014              2.569           Market Capitalization
(Rp miliar)                                                                                                                  (Rp billion)




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KEPEMILIKAN SAHAM PERSEROAN OLEH                                        COMPANY SHARE OWNERSHIP BY EMPLOYEES
KARYAWAN
Hingga akhir tahun 2024, jumlah saham ELSA yang dimiliki oleh           Until the end of 2024, the number of ELSA shares owned by
karyawan 4.805.000 atau 0,06% dari saham keseluruhan.                   employees was 4,805,000 or 0,06% of the total shares.



KEPEMILIKAN SAHAM OLEH DEWAN KOMISARIS DAN DIREKSI SECARA LANGSUNG DAN TIDAK
LANGSUNG
Direct and Indirect Share Ownership by the Board of Commissioners and Board of Directors
                                                                        Langsung                            Tidak Langsung
                                                                          Direct                                Indirect
           Nama                           Jabatan                               Persentase                             Persentase
           Name                           Position          Jumlah Saham       Kepemilikan      Jumlah Saham          Kepemilikan
                                                             Total Shares      Percentage of     Total Shares         Percentage of
                                                                                Ownership                              Ownership

 Dewan Komisaris
 Board of Commissioners
 Eko Ariantoro*                 Komisaris Utama merangkap       Nihil              Nihil            Nihil                    Nihil
                                Komisaris Independen             Nil                Nil              Nil                      Nil
                                President Commissioner
                                concurrently Independent
                                Commissioner
 Nur Endro Buwono**             Komisaris                       Nihil              Nihil            Nihil                    Nihil
                                Commissioner                     Nil                Nil              Nil                      Nil
 Denie S. Tampubolon**          Komisaris Independen            Nihil              Nihil            Nihil                    Nihil
                                Independent Commissioner         Nil                Nil              Nil                      Nil
 Ariana Soemanto*               Komisaris                       Nihil              Nihil            Nihil                    Nihil
                                Commissioner                     Nil                Nil              Nil                      Nil
 Direksi
 Board of Directors
 Bachtiar Soeria Atmadja        Direktur Utama                  Nihil              Nihil            Nihil                    Nihil
                                President Director               Nil                Nil              Nil                      Nil
 Stanley Iriawan**              Direktur Keuangan               Nihil              Nihil            Nihil                    Nihil
                                Director of Finance              Nil                Nil              Nil                      Nil
 Endro Hartanto**               Direktur Operasi                Nihil              Nihil            Nihil                    Nihil
                                Director of Operations           Nil                Nil              Nil                      Nil
 Arief Prasetyo                 Direktur Pengembangan           Nihil              Nihil            Nihil                    Nihil
 Handoyo**                      Usaha                            Nil                Nil              Nil                      Nil
                                Director of Business
                                Development
 Hera Handayani                 Direktur SDM & Umum             Nihil              Nihil            Nihil                    Nihil
                                Director of Human Capital        Nil                Nil              Nil                      Nil
                                & General Affairs
 *  Menjabat mulai 15 Mei 2024
    Serves from May 15, 2024
 ** Menjabat mulai 17 Januari 2024
    Serves from January 17, 2024




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Struktur Grup Perseroan
Company Group Structure




                                                        Pemerintah Republik Indonesia
                                                           Indonesian Government



                                                                      100,0%




  PT Panin Sekuritas                                                                                                  Publik | Public
         Tbk                                                                                                               <5%




        6,2%                                                          51,1%                                               42,7%




  99,99%                99,99%                 99,99%             99,97%                99,50%           99,99%                 99,99%

 PT Elnusa             PT Elnusa                                PT Elnusa                                                     PT Elnusa
                                            PT Elnusa                             PT Patra Nusa      PT Sigma Cipta
  Oilfield              Geosains                                 Fabrikasi                                                      Trans
                                             Petrofin                                 Data               Utama
  Services             Indonesia                                Konstruksi                                                    Samudera




                                   99,99%                99,67%                                                   100,00%

                                                        PT Petrofin
                              PT Elnusa Daya              Energi                                                  KSO-RAGA
                                  Kreatif               Nusantara




    Entitas Induk Tertinggi
    Ultimate Parent Entity
    Entitas Induk/Pemegang Saham Utama
    Main Shareholder
    Entitas Anak
    Subsidiary
    Entitas Anak Tidak Langsung
    Indirect Subsidiary
    Joint Venture
    Joint Venture




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Daftar Entitas Anak
List of Subsidiaries



                                                                            Tahun       Tahun                             Jumlah Aset
                                                                                                   Kepemilikan oleh
                                                                          Beroperasi Penyertaan                             (Rp juta)           Status
                                                          Tahun Berdiri                                Elnusa
   Nama              Bidang Usaha              Domisili                    Komersial   Modal                              Total Assets        Operasional
                                                              Year of                             Ownership by Elnusa
   Name              Business Field            Domicile                     Year of    Year of                             (Rp million)       Operational
                                                          Establishment
                                                                          Commercial   Capital                                                  Status
                                                                          Operations Investment    2024       2023      2024        2023

Entitas Anak Kepemilikan Langsung
Subsidiaries of Direct Ownership
PT Elnusa     Jasa Pengeboran dan              Jakarta        2014            –         2014         99,99      99,99    50.276      47.289     Belum
Oilfield      Pemeliharaan Lapangan                                                                                                           Beroperasi
Services      Migas                                                                                                                            Not yet
              Drilling and Oil-Gas Field                                                                                                      Operating
              Maintenance Services
PT Elnusa     Jasa Akuisisi Data Geofisika/    Jakarta        2014            –         2014         99,99      99,99    12.880      12.686     Belum
Geosains      Survei Seismik Migas                                                                                                            Beroperasi
Indonesia     Services for Geophysical                                                                                                         Not yet
              Data Acquisition/Oil-Gas                                                                                                        Operating
              Seismic Survey
PT Elnusa     Jasa penyimpanan BBM,            Jakarta        1996          1996        1996         99,99      99,99 4.035.700 3.679.254     Beroperasi
Petrofin      pendistribusian BBM,                                                                                                            Operating
              perdagangan BBM Industri
              & Marine, perdagangan
              chemicals, perdagangan
              pelumas & aspal, serta
              pengelolaan SPBU & SPBE
              Fuel storage services, fuel
              distribution, Industrial
              & Marine fuel trading,
              chemicals trading, lubricants
              & asphalt trading, as well
              as gas station SPBU & SPBE
              management
PT Elnusa    Jasa fabrikasi, penguliran        Jakarta        1983          1983        1983         99,97      99,97   430.884    359.142    Beroperasi
Fabrikasi    dan perdagangan pipa Oil                                                                                                         Operating
Konstruksi   Country Tubular Goods
             (OCTG), proyek EPC, dan
             Maintenance Services
             Fabrication services, Oil
             Country Tubular Goods
             (OCTG) threading and
             trading services, EPC, and
             Maintenance Services
             projects
PT Patra     Jasa pengelolaan data             Jakarta        1997          1998        1997         99,50      99,50   146.112    142.452    Beroperasi
Nusa Data    migas, dan penyimpanan                                                                                                           Operating
             data fisik migas, jasa aplikasi
             IT data management, bisnis
             desain & implementasi
             data governance, data
             warehouse digital,
             dan advance well data
             management
             Oil and gas data
             management services, and
             physical oil and gas data
             storage, data governance
             design & implementation
             business, digital data
             warehouse, and advance
             data management




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                                                                               Tahun       Tahun                                   Jumlah Aset
                                                                                                        Kepemilikan oleh
                                                                             Beroperasi Penyertaan                                   (Rp juta)            Status
                                                           Tahun Berdiri                                    Elnusa
   Nama               Bidang Usaha             Domisili                       Komersial   Modal                                    Total Assets         Operasional
                                                               Year of                                 Ownership by Elnusa
   Name               Business Field           Domicile                        Year of    Year of                                   (Rp million)        Operational
                                                           Establishment
                                                                             Commercial   Capital                                                         Status
                                                                             Operations Investment      2024       2023          2024        2023

PT Sigma       Jasa penyimpanan data           Jakarta         1980            1980           1980        99,99      99,99       385.642    372.578     Beroperasi
Cipta Utama    fisik, pengelolaan data                                                                                                                  Operating
               elektronik & sistem
               informasi, penyimpanan
               contoh batuan migas,
               telekomunikasi radio, jasa
               aplikasi sistem IT
               Physical data storage
               services, electronic
               data management and
               information systems,
               storage of oil and gas
               rock samples, radio
               telecommunications, IT
               system application services
PT Elnusa      Jasa pendukung layanan          Jakarta         2014            2014           2014        99,99      99,99       605.523    577.050     Beroperasi
Trans          marine migas                                                                                                                             Operating
Samudera       Marine oil and gas
               supporting services
KSO Elnusa -   Jasa pemeliharaan mekanik       Jakarta         2016            2016           2017       100,00     100,00        70.795      68.359    Beroperasi
RAGA           Mechanical MAintenance                                                                                                                   Operating
               service
Entitas Anak Kepemilikan Tidak Langsung (Kepemilikan melalui PT Elnusa Petrofin)
Subsidiary of Indirect Ownership (Ownership through PT Elnusa Petrofin)
PT Elnusa      Jasa konsultasi bidang          Jakarta         2015              -            2015        99,99      99,99        10.001      10.001      Belum
Daya Kreatif   manajemen sumber daya                                                                                                                    Beroperasi
               manusia konsultasi bidang                                                                                                                 Not yet
               listrik, & perdagangan                                                                                                                   Operating
               Human resources
               management, electricity &
               trade consulting services.
PT Petrofin    Belum Beroperasi                Jakarta         2019              -            2024        99,67              -      301             -     Belum
Energi         Not yet Operating                                                                                                                        Beroperasi
Nusantara                                                                                                                                                Not yet
                                                                                                                                                        Operating



DAFTAR VENTURA BERSAMA/KERJA SAMA OPERASI (KSO)
List of Joint Ventures/Joint Operations (KSO)

                                                                Nama                                                               Jumlah Aset
                                             Tahun Kerja                         Kepemilikan oleh      Kepemilikan oleh                                   Status
                                                           Perusahaan yang                                                           (Rp juta)
      Nama             Bidang Usaha             Sama                                 Elnusa                 WAS                                         Operasional
                                                            Bekerja Sama                                                           Total Assets
      Name             Business Field          Year of                          Ownership by Elnusa    Ownership by WAS                                 Operational
                                                             Company in                                                             (Rp million)
                                             Cooperation                                                                                                  Status
                                                           Cooperation with
                                                                                     2024     2023      2024       2023          2024        2023
KSO Elnusa-RAGA     Jasa pemeliharaan           2016       PT Raga Perkasa              100      100           0          0       70.795      68.359    Beroperasi
                    mekanik                                Ekaguna                                                                                      Operating
                    Mechanical
                    maintenance
                    services




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ALAMAT ENTITAS ANAK DAN KSO
Address of Subsidiaries and KSO
PT Elnusa Oilfield Services                    Graha Elnusa 11th floor
                                               Jl. TB Simatupang Kav. 1B Jakarta 12560 - Indonesia
                                               Tel.:    +62 21-7883 0850 (Hunting)
                                               Fax.: +62 21-7883 5507
PT Elnusa Geosains Indonesia                   Graha Elnusa 13th floor
                                               Jl. TB Simatupang Kav. 1B, Jakarta 12560 - Indonesia
                                               Tel.:    +62 21-7883 0850 (Hunting)
                                               Fax.: +62 21-7883 1072
PT Elnusa Petrofin                             Graha Elnusa 14th floor
                                               Jl. TB Simatupang Kav. 1B, Jakarta 12560 - Indonesia
                                               Tel.:    +62 21-7883 0860 (Hunting)
                                               Fax.: +62 21-7883 0853
                                               E-mail: marketing-epn@elnusa.co.id; epn.corporate@elnusa.co.id
                                               Web: www.elnusapetrofin.co.id
PT Elnusa Fabrikasi Konstruksi - Head Office   Graha Elnusa 2nd Floor
                                               Jl. TB Simatupang Kav. 1B, Jakarta 12560 - Indonesia
                                               Tel.:    +62 21-7884 5519
                                               Fax.: +62 21-7884 5528
PT Patra Nusa Data - Head Office               Graha Elnusa 2nd Floor
                                               Jl. TB Simatupang Kav. 1B, Jakarta 12560 - Indonesia
                                               Tel.:    +62 21-781 6770
                                               Fax.: +62 21-781 6775
PT Sigma Cipta Utama                           Graha Elnusa 2nd Floor
                                               Jl. TB. Simatupang Kav. 1B, Jakarta 12560 - Indonesia
                                               Tel.:     +62 21-7587 1955
                                               Fax.: +62 21-7587 1955
PT Elnusa Trans Samudera                       Gedung Elnusa Trans Samudera
                                               Elnusa Trans Samudera Building
                                               Jl. TB Simatupang Kav. 1B, Jakarta 12560 - Indonesia
                                               Tel.:    +62 21-7884 6667/6660 & 7883 0850 Ext. 1060
                                               Fax.: +62 21-7884 6669
PT Elnusa Daya Kreatif                         Jl. TB Simatupang Kav. 1B, Jakarta 12560 - Indonesia
KSO Elnusa-Raga                                Graha Elnusa 2nd Floor
                                               Jl. TB Simatupang Kav. 1B, Jakarta 12560 - Indonesia




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Profil Entitas Anak
Profile of Subsidiaries



PT ELNUSA OILFIELD SERVICES
Perusahaan didirikan pada tahun 2014, dengan bidang usaha Jasa      The Company was established in 2014, engaged in the field of Oil
Pengeboran dan Pemeliharaan Lapangan Migas.                         & Gas Drilling and Field Maintenance Services.

KOMPOSISI KEPEMILIKAN SAHAM PER                                     COMPOSITION OF SHARE OWNERSHIP AS PER
31 DESEMBER 2024                                                    DECEMBER 31, 2024
Kepemilikan saham PT Elnusa terhadap PT Elnusa Oilfield             PT Elnusa’s share ownership of PT Elnusa Oilfield Services
Services 99,99%.                                                    is 99.99%.

MANAJEMEN KUNCI PER 31 DESEMBER 2024
Key Management as of December 31, 2024
                   Jabatan                                 Nama | Name                                   Position
 Dewan Komisaris                                           Endro Hartanto                                    Board of Commissioners
 Direksi                                                   Dian Sri Santoso                                         Board of Directors


KINERJA KEUANGAN 2023–2024
Financial Performance 2023–2024

                                                                                  Pertumbuhan
                                          2024                 2023
                                                                                   2023–2024
               Uraian                   (Rp juta)            (Rp juta)                                      Description
                                                                                2023–2024 Growth
                                       (Rp million)         (Rp million)
                                                                                       (%)

 Pendapatan                                      4.046                4.525                (10,6)                             Income
 Beban Usaha                                     1.303                1.722                (24,3)                   Operating Income
 Laba Bersih                                     2.987                2.886                  3,5                            Net Profit
 Aset                                           50.276               47.289                  6,3                               Assets
 Liabilitas                                           25                   25                0,0                            Liabilities
 Ekuitas                                        50.251               47.265                  6,3                               Equity




PT ELNUSA GEOSAINS INDONESIA
Perusahaan yang didirikan pada tahun 2014 yang memiliki bidang      The Company was established in 2014 with business in Geophysical
usaha atas Jasa Akuisisi Data Geofisika/Survei Seismik Migas.       Data Acquisition/Oil-Gas Seismic Survey Services.

KOMPOSISI KEPEMILIKAN SAHAM PER                                     COMPOSITION OF SHARE OWNERSHIP AS PER
31 DESEMBER 2024                                                    DECEMBER 31, 2024
Kepemilikan saham PT Elnusa terhadap PT Elnusa Geosains             PT Elnusa’s share ownership of PT Elnusa Geosains Indonesia
Indonesia 99,99%.                                                   is 99.99%.

MANAJEMEN KUNCI PER 31 DESEMBER 2024
Key Management as of December 31, 2024
                   Jabatan                                 Nama | Name                                   Position
 Dewan Komisaris                                           Endro Hartanto                                    Board of Commissioners
 Direksi                                                     Muhlis Yadi                                            Board of Directors




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KINERJA KEUANGAN 2023–2024
Financial Performance 2023–2024

                                                                                         Pertumbuhan
                                              2024                  2023
                                                                                          2023–2024
                  Uraian                    (Rp juta)             (Rp juta)                                          Description
                                                                                       2023–2024 Growth
                                           (Rp million)          (Rp million)
                                                                                              (%)

 Pendapatan                                                 –                     –                  0,0                              Income
 Beban Usaha                                                –                     –                  0,0                    Operating Income
 Laba Bersih                                              194                   (25)             (876,0)                            Net Profit
 Aset                                               12.880                12.686                     1,5                               Assets
 Liabilitas                                                 –                     –                  0,0                            Liabilities
 Ekuitas                                            12.880                12.686                     1,5                               Equity




PT ELNUSA PETROFIN
PT Elnusa Petrofin (“Perusahaan”) didirikan berdasarkan Akta             PT Elnusa Petrofin (“Company”) was established based on the
Notaris Ny. Pudji Redjeki Irawati, S.H., No. 57 tanggal 5 Juli 1996.     Notarial Deed of Pudji Redjeki Irawati, S.H., No. 57 dated July
Akta pendirian ini disahkan oleh Menteri Kehakiman Republik              5, 1996. This deed of establishment was consented to by the
Indonesia berdasarkan Surat Keputusan No. C2-4.559.HT.01.01.             Minister of Justice of the Republic of Indonesia based on Decree
TH.97 tanggal 3 Juni 1997. Anggaran Dasar Perusahaan telah               No. C2-4.559.HT.01.01.TH.97 dated June 3, 1997. The Company’s
mengalami beberapa kali perubahan, terakhir berdasarkan Akta             Articles of Association were amended several times, with the last
Notaris No. 11 tanggal 29 Desember 2022 oleh Notaris Niken               revised version based on Notarial Deed No 11 dated December
Wahyuningrum,SH.,Mkn. Akta tersebut telah diberitahukan                  29, 2022, by Notary Niken Wahyuningrum, S.H., Mkn. This deed
kepada Menteri Hukum dan Hak Asasi Manusia Republik Indonesia            was informed to the Minister of Law and Human Rights of the
dan memperoleh surat penerimaan pemberitahuan No. AHU-                   Republic of Indonesia and accepted notification letter No. AHU-
AH.01.09-0028671 tahun 2023 tanggal 21 Januari 2023.                     AH.01.09-0028671 of year 2023 dated January 21, 2023.

Saat ini, Perusahaan melakukan aktivitas usaha yang meliputi jasa        Currently, the Company carries out business activities which
pendistribusian Bahan Bakar Minyak (“BBM”) dan pengelolaan               include fuel oil (“BBM”) distribution services and management
truk tangki BBM, jasa pengelolaan Depo (layanan khusus dan               of fuel tank trucks, depot management services (special services
KSO Infrastruktur), perdagangan Bahan Bakar Minyak Industri              and KSO infrastructure), trade in industrial & marine fuel oil (“BBM
& Marine (“BBM Inmar”), pelumas dan bahan kimia serta                    Inmar”), lubricants and chemicals as well as management of public
pengelolaan stasiun pengisian bahan bakar umum (“SPBU”) dan              fuel filling stations (“SPBU”) and bulk LPG filling stations (“SPBE”).
stasiun pengisian bulk elpiji (“SPBE”).


 KOMPOSISI KEPEMILIKAN SAHAM PER 31 DESEMBER 2024
 Composition of Share Ownership as of December 31, 2024

                                         Jumlah Saham            Persentase
                                        Ditempatkan dan         Kepemillikan
                                                                                           Jumlah
              Pemegang Saham             Disetor Penuh          Percentage of                                        Description
                                                                                            Total
                                       Total Shares Issued       Ownership
                                        and Fully Paid-up            (%)

 PT Elnusa Tbk                                    207.350                  99,99          20.735.000.000                        PT Elnusa Tbk
 PT Sigma Cipta Utama                                     150               0,01             15.000.000                 PT Sigma Cipta Utama
 Jumlah                                           207.500                 100,00          20.750.000.000                                 Total




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MANAJEMEN KUNCI PER 31 DESEMBER 2024
Key Management as of December 31, 2024
                      Jabatan                                   Nama | Name                                      Position
 Komisaris Utama                                                Yovita Octaviani                                    President Commissioner
 Komisaris                                                      Stanley Iriawan                                                Commissioner
 Direksi                                                        Doni Indrawan                                               Board of Directors
                                                                 Ferdiansyah
                                                                  Yogi Firdaus

KINERJA KEUANGAN 2023–2024
Financial Performance 2023–2024

                                                                                      Pertumbuhan
                                               2024                 2023
                                                                                       2023–2024
                  Uraian                     (Rp juta)            (Rp juta)                                         Description
                                                                                    2023–2024 Growth
                                            (Rp million)         (Rp million)
                                                                                           (%)

 Pendapatan                                      7.089.362              7.049.741                  0,6                                Income
 Beban Usaha                                     6.583.446              6.624.571                 (0,6)                     Operating Income
 Laba Bersih                                       389.216               320.581                  21,4                              Net Profit
 Aset                                            4.035.700              3.679.254                  9,7                                 Assets
 Liabilitas                                      2.385.006              2.234.171                  6,8                              Liabilities
 Ekuitas                                         1.650.694              1.445.083                 14,2                                 Equity




PT ELNUSA FABRIKASI KONSTRUKSI
PT Elnusa Fabrikasi Konstruksi ( EFK ) didirikan berdasarkan Akta No.     PT Elnusa Fabrikasi Konstruksi (EFK) was established based on
15 oleh Notaris Sinta Susikto, SH tanggal 7 Mei 1982. Pendirian EFK       Deed No. 15 by Notary Sinta Susikto, S.H. dated May 7, 1982.
telah memperoleh pengesahan dari Menteri Kehakiman Republik               The establishment of EFK obtained approval from the Minister
Indonesia melalui Surat Keputusan No. C2-5406HT.01.01TH’83                of Justice of the Republic of Indonesia through Decree No. C2-
Tanggal 6 Agustus 1983. Anggaran Dasar Perusahaan terakhir                5406HT.01.01TH’83 dated August 6, 1983. The Company’s last
berdasarkan Akta No. 43 oleh Notaris Aulia Taufani SH. tanggal            revised version of the Articles of Association based on Deed No. 43
26 Juni 2018 terkait peningkatan modal ditempatkan dan disetor            by Notary Aulia Taufani S.H. dated June 26, 2018, is related to the
Perusahaan. Perubahan ini telah diterima oleh Kementerian                 increase in the Company’s issued and paid-up capital. This change
Hukum dan Hak Asasi Manusia Republik Indonesia melalui                    was approved by the Ministry of Law and Human Rights of the
Surat Penerimaan Pemberitahuan Perubahan Anggaran Dasar                   Republic of Indonesia through the Letter of Acceptance Notification
Perusahaan No. AHU-AH.01.10-0006497 tanggal 29 Juni 2018.                 of the Changes to the Company’s Articles of Association No. AHU-
Saat ini Perusahaan bergerak dalam bidang jasa penguliran pipa,           AH.01.10-0006497 dated June 29, 2018. Currently, the Company
penjualan pipa, pembuatan connector, coupling, dan peralatan              is engaged in pipe threading services, pipe sales, manufacture
lainnya yang digunakan untuk pengeboran minyak dan gas bumi.              of connectors, couplings, and other equipment used for
                                                                          oil and gas drilling.

KOMPOSISI KEPEMILIKAN SAHAM PER 31 DESEMBER 2024
Composition of Share Ownership as of December 31, 2024

                                          Jumlah Saham           Persentase
                                         Ditempatkan dan        Kepemillikan
                                                                                         Jumlah
              Pemegang Saham              Disetor Penuh         Percentage of                                       Description
                                                                                          Total
                                        Total Shares Issued      Ownership
                                         and Fully Paid-up           (%)

 PT Elnusa Tbk                                     443.851                 99,98       44.385.100.000                           PT Elnusa Tbk
 Annas Mappe Siri                                          68                0,02           6.800.000                       Annas Mappe Siri
 Jumlah                                            443.919                100,00       44.391.900.000                                    Total




                                                                                               2024 Annual Report PT ELNUSA Tbk          123
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MANAJEMEN KUNCI PER 31 DESEMBER 2024
Key Management as of December 31, 2024
                     Jabatan                                Nama | Name                                      Position
 Dewan Komisaris                                              Nur Kholis                                         Board of Commissioners
 Direksi                                                      Ari Wijaya                                                Board of Directors


KINERJA KEUANGAN 2023–2024
Financial Performance 2023–2024

                                                                                 Pertumbuhan
                                            2024                2023
                                                                                  2023–2024
                 Uraian                   (Rp juta)           (Rp juta)                                          Description
                                                                               2023–2024 Growth
                                         (Rp million)        (Rp million)
                                                                                      (%)

 Pendapatan                                     664.993             838.958                 (20,7)                                Income
 Beban Usaha                                    606.196             793.284                 (23,6)                      Operating Income
 Laba Bersih                                      17.405              10.066                 72,9                               Net Profit
 Aset                                           430.884             359.142                  20,0                                  Assets
 Liabilitas                                     378.791             324.295                  16,8                               Liabilities
 Ekuitas                                          52.093              34.848                 49,5                                  Equity




PT PATRA NUSA DATA
PT Patra Nusa Data (“Perusahaan”) didirikan pada tanggal 4           PT Patra Nusa Data (“Company”) was established on November 4,
November 1997 berdasarkan Akta Pendirian No. 5 dari Notaris          1997, based on Establishment Deed No. 5 by Notary Pudji Redjeki
Pudji Redjeki Irawati,S.H., yang kemudian diubah dan diperbaiki      Irawati, S.H., which subsequently amended and improved with
dengan Akta Notaris No. 15 tanggal 12 Mei 1999 dari notaris          Notarial Deed No. 15 dated May 12, 1999, by the same notary. This
yang sama. Perubahan akta pendirian Perusahaan tersebut              change in the Company’s establishment deed obtained approval
telah mendapat pengesahan dari Menteri Kehakiman Republik            from the Minister of Justice of the Republic of Indonesia through
Indonesia melalui Surat Keputusan No. C-15964 HT.01.01.Th.99         Decree No. C-15964 HT.01.01.Th.99 dated September 3, 1999, and
tanggal 3 September 1999 dan telah diumumkan dalam Berita            was announced in the State Gazette of the Republic of Indonesia
Negara Republik Indonesia No. 96 dan Tambahan Lembaran               No. 96 and Supplement to the State Gazette No. 8044 dated
Negara No. 8044 tanggal 30 November 1999.                            November 30, 1999.

Anggaran Dasar Perusahaan telah mengalami beberapa kali              The Company’s Articles of Association were revised several times.
perubahan. Perubahan Anggaran Dasar terakhir berdasarkan             The last revision of the Articles of Association was based on the
keputusan pemegang saham yang dinyatakan dalam Akta Notaris          shareholders’ decision as stated in the Notarial Deed of Nuzulla
Nuzulla Khairani, S.H., M.Kn. No. 09 tanggal 9 Juli 2022 mengenai    Khairani S.H., M.Kn. No. 09 dated July 9, 2022, regarding the change
perubahan Direksi. Perubahan Anggaran Dasar ini telah disetujui      in the Board of Directors. This change in the Articles of Association
oleh Menteri Hukum dan Hak Asasi Manusia berdasarkan Surat           was approved by the Minister of Law and Human Rights based
Keputusan No. AHU.AH.01.09-0031789 tanggal 12 Juli 2022.             on Decree No. AHU.AH.01.09-0031789 dated July 12, 2022. The
Ruang lingkup kegiatan Perusahaan meliputi usaha dalam bidang        Company’s scope of activities includes business in the field of oil
jasa perolehan dan pengelolaan data minyak dan gas bumi yang         and gas data acquisition and management services which covers
mencakup studi perencanaan dan kelayakan, pembuatan sistem           planning and feasibility studies, creating information systems and
informasi dan proses pengelolaan data, konsultasi pengelolaan        data management processes, data management consultations,
data serta mendapatkan data spatial melalui kegiatan foto udara/     and obtaining spatial data through aerial photography/satellite
citra satelit.                                                       imagery activities.




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KOMPOSISI KEPEMILIKAN SAHAM PER 31 DESEMBER 2024
Composition of Share Ownership as of December 31, 2024

                                        Jumlah Saham               Persentase
                                       Ditempatkan dan            Kepemillikan
                                                                                            Jumlah
              Pemegang Saham            Disetor Penuh             Percentage of                                      Description
                                                                                             Total
                                      Total Shares Issued          Ownership
                                       and Fully Paid-up               (%)

 PT Elnusa Tbk                                    19.900                      99,5               597.000                        PT Elnusa Tbk
 PT Elnusa Trans Samudra                                100                       0,5                3.000          PT Elnusa Trans Samudra
 Jumlah                                           20.000                     100,0               600.000                                 Total



MANAJEMEN KUNCI PER 31 DESEMBER 2024
Key Management as of December 31, 2024
                      Jabatan                                     Nama | Name                                    Position
 Dewan Komisaris                                              Arief Prasetyo Handoyo                                 Board of Commissioners
 Direksi                                                       Adi Yatama Adi Guna                                          Board of Directors


KINERJA KEUANGAN 2023–2024
Financial Performance 2023–2024

                                                                                          Pertumbuhan
                                            2024                      2023
                                                                                           2023–2024
                  Uraian                  (Rp juta)                 (Rp juta)                                        Description
                                                                                        2023–2024 Growth
                                         (Rp million)              (Rp million)
                                                                                               (%)

 Pendapatan                                       13.808                    17.744                   (22,2)                           Income
 Beban Usaha                                      12.976                    19.474                   (33,4)                 Operating Income
 Laba Bersih                                       4.674                     5.248                   (10,9)                         Net Profit
 Aset                                            146.112                  142.452                      2,6                             Assets
 Liabilitas                                       14.791                    10.051                    47,2                          Liabilities
 Ekuitas                                         131.321                  132.401                     (0,8)                            Equity




PT SIGMA CIPTA UTAMA
PT Sigma Cipta Utama (SCU) yang merupakan anak perusahaan                  PT Sigma Cipta Utama (SCU), a subsidiary of PT Elnusa Tbk, was
dari PT Elnusa Tbk telah didirikan sejak 8 April 1980. Perusahaan          established on April 8, 1980. This entity started business with
bisnis dimulai dengan manajemen data di industri minyak dan                data management in the oil and gas industry. Consistent with
gas. Konsisten dengan Kebijakan Holding Company Elnusa, SCU                Elnusa Holding Company’s Policy, SCU was appointed as the only
ditunjuk sebagai satu-satunya anak tunggal yang bertanggung                subsidiary responsible for Elnusa Group Data Management. Since
jawab atas Manajemen Data di Elnusa Group. Sejak November                  November 2007, PT Elnusa Telematika has experience in the field
2007 PT Elnusa Telematika berpengalaman dalam bidang                       of telematics (since 1984), and PT Elnusa Rentrakom, with its
telematika (sejak 1984) dan PT Elnusa Rentrakom berpengalamn               experience in the field of telecommunication (since 1997), jointly
dalam bidang telekomunikasi (sejak 1997), bergabung dengan SCU             work with SCU to strengthen and complete the competency as a
untuk memperkuat dan melengkapi kompetensi dan perusahaan                  business entity in the fields of Data Management Services and ICT.
bisnis di bidang Jasa Manajemen Data dan ICT.




                                                                                                  2024 Annual Report PT ELNUSA Tbk       125
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               Company Profile




KOMPOSISI KEPEMILIKAN SAHAM PER 31 DESEMBER 2024
Composition of Share Ownership as of December 31, 2024

                                       Jumlah Saham               Persentase
                                      Ditempatkan dan            Kepemillikan
                                                                                           Jumlah
              Pemegang Saham           Disetor Penuh             Percentage of                                     Description
                                                                                            Total
                                     Total Shares Issued          Ownership
                                      and Fully Paid-up               (%)

 PT Elnusa Tbk                                  1.155.450                   99,99       115.545.000.000                        PT Elnusa Tbk
 PT Elnusa Trans Samudra                               150                   0,01            15.000.000            PT Elnusa Trans Samudra
 Jumlah                                         1.155.600                  100,00       115.560.000.000                                 Total

MANAJEMEN KUNCI PER 31 DESEMBER 2024
Key Management as of December 31, 2024
                      Jabatan                                    Nama | Name                                    Position
 Dewan Komisaris                                             Arief Prasetyo Handoyo                                Board of Commissioners
 Direksi                                                        Didik Purwanto                                             Board of Directors


KINERJA KEUANGAN 2023–2024
Financial Performance 2023–2024

                                                                                        Pertumbuhan
                                           2024                      2023
                                                                                         2023–2024
                  Uraian                 (Rp juta)                 (Rp juta)                                       Description
                                                                                      2023–2024 Growth
                                        (Rp million)              (Rp million)
                                                                                             (%)

 Pendapatan                                      453.852                 408.194                    11,2                             Income
 Beban Usaha                                     417.431                 364.769                    14,4                   Operating Income
 Laba Bersih                                      25.375                   27.941                   (9,2)                          Net Profit
 Aset                                            385.642                 372.578                     3,5                              Assets
 Liabilitas                                      165.926                 170.186                    (2,5)                          Liabilities
 Ekuitas                                         219.716                 202.393                     8,6                              Equity




PT ELNUSA TRANS SAMUDERA
PT Elnusa Trans Samudera (ETSA) didirikan berdasarkan Akta                PT Elnusa Trans Samudera (ETSA) was established based on
No. 01 oleh notaris Ariani L. Rachim, S.H. tanggal 8 November             Deed No. 01 by notary Ariani L. Rachim, S.H., dated November
2013 dan telah memperoleh pengesahan dari Menteri Kehakiman               8, 2013, and obtained ratification from the Minister of Justice
Republik Indonesia melalui Surat Keputusan No. AHU-64876.                 of the Republic of Indonesia through Decree No. AHU-64876.
AH.01.01 Tahun 2013 tanggal 11 Desember 2013. Anggaran dasar              AH.01.01 of Year 2013 dated December 11, 2013. The Articles of
telah mengalami beberapa kali perubahan, terakhir berdasarkan             Association were revised several times, with the last version set
Akta Notaris Nuzulla Khairani, S.H., M.Kn No. 9 tanggal 23                based on the Notarial Deed of Nuzulla Khairani, S.H., M.Kn No. 9
September 2022 mengenai perubahan pasal 3 Anggaran Dasar                  dated September 23, 2022, concerning the change in article 3 of
Perseroan. Perubahan Anggaran Dasar tersebut telah disetujui              the Company’s Articles of Association. This change in the Company
oleh Menteri Hukum dan Hak Asasi Manusia Republik Indonesia               Articles of Association was approved by the Minister of Law and
berdasarkan Surat Keputusan No. AHU0070266.AH.01.02 Tahun                 Human Rights of the Republic of Indonesia based on Decree
2022 tanggal 29 September 2022. Adapun perubahan tersebut                 No. AHU-0070266.AH.01.02 of Year 2022 dated September
mencakup maksud dan tujuan Perseroan.                                     29, 2022. The changes include the purpose and objectives of
                                                                          the Company.




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KOMPOSISI KEPEMILIKAN SAHAM PER 31 DESEMBER 2024
Composition of Share Ownership as of December 31, 2024

                                         Jumlah Saham            Persentase
                                        Ditempatkan dan         Kepemillikan
                                                                                        Jumlah
              Pemegang Saham             Disetor Penuh          Percentage of                                      Description
                                                                                         Total
                                       Total Shares Issued       Ownership
                                        and Fully Paid-up            (%)

 PT Elnusa Tbk                                    273.630                  99,58         273.630.000                          PT Elnusa Tbk
 PT Elnusa Fabrikasi Konstruksi                           150               0,42           1.143.000          PT Elnusa Fabrikasi Konstruksi
 Jumlah                                           273.780                 100,00         274.773.000                                   Total



MANAJEMEN KUNCI PER 31 DESEMBER 2024
Key Management as of December 31, 2024
                      Jabatan                                   Nama | Name                                    Position
 Dewan Komisaris                                                Hera Handayani                                     Board of Commissioners
 Direksi                                                        Kurniawati Adjie                                          Board of Directors


KINERJA KEUANGAN 2023–2024
Financial Performance 2023–2024

                                                                                     Pertumbuhan
                                              2024                  2023
                                                                                      2023–2024
                  Uraian                    (Rp juta)             (Rp juta)                                        Description
                                                                                   2023–2024 Growth
                                           (Rp million)          (Rp million)
                                                                                          (%)

 Pendapatan                                       573.918                461.515                  24,4                              Income
 Beban Usaha                                      556.758                432.899                  28,6                    Operating Income
 Laba Bersih                                        11.867                27.842                 (57,4)                           Net Profit
 Aset                                             603.523                577.050                   4,6                               Assets
 Liabilitas                                       143.372                121.647                  17,9                            Liabilities
 Ekuitas                                          460.151                455.404                   1,0                               Equity




PT ELNUSA DAYA KREATIF
PT Elnusa Daya Kreatif (EDK) yang merupakan anak perusahaan              PT Elnusa Daya Kreatif (EDK) which is a subsidiary of PT Elnusa
dari PT Elnusa Petrofin telah didirikan sejak 6 Maret 2015. Saat ini     Petrofin has been established since March 6, 2015. Currently it is
belum beroperasi.                                                        not yet operational.


PT PETROFIN ENERGI NUSANTARA
PT Petrofin Energi Nusantara yang merupakan anak perusahaan              PT Petrofin Energi Nusantara which is a subsidiary of PT Elnusa
dari PT Elnusa Petrofin telah didirikan sejak 24 Oktober 2019. Saat      Petrofin has been established since October 24, 2019. Currently,
ini belum beroperasi.                                                    it is not yet operational.




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           Company Profile




Kronologi Pencatatan Saham
Chronology of Stock Listing



KRONOLOGI PENERBITAN DAN PENCATATAN SAHAM
Chronology of Stock Issuance and Listing
                                                                                            Modal
                                                                                         Ditempatkan
                                                                                                          Nilai Nominal      Jumlah
                                                                         Modal Dasar     dan Disetor
                                                                                                         Saham (Rp per       Lembar
                                                                          (Rp miliar)        Penuh
                Aksi Korporasi                       Tanggal Peristiwa                                   lembar saham)     Saham yang
                                                                         Authorized       (Rp miliar)
               Corporate Action                        Date of Event                                          Shares       Dikeluarkan
                                                                            Capital       Issued and
                                                                                                          Nominal Value    Total Shares
                                                                          (Rp billion)    Fully Paid-
                                                                                                          (Rp per share)      Issued
                                                                                           up Capital
                                                                                          (Rp billion)
Sebelum Aksi Korporasi                                                             750          583,35              500    1.167.700.000
Before Corporate Action
Peningkatan Modal Dasar                           9 Oktober 2007                  2250          583,35              500    5.838.500.000
Increase in Authorized Capital                    October 9, 2007
Pemecahan Nilai Nominal Saham 1:5                 9 Oktober 2007                  2250          583,35              500    5.838.500.000
Stock Split of Share Nominal Value 1:5            October 9, 2007
Penawaran Umum Perdana Sebanyak 20% dari          9–31 Januari 2008               2250          729,85              100    7.298.500.000
Modal Dasar atau Sebanyak 1.460.0000.0000         January 9-31, 2008
Lembar Saham
Initial Public Offering of 20% of Authorized
Capital or a total of 1,460,0000.0000 shares
Mencatatkan Saham Perseroan yang Beredar          6 Februari 2008                 2250          729,85              100    7.298.500.000
Sebanyak 7.298.500.000 Lembar Saham di BEI        February 6, 2008
dengan Kode Perdagangan “ELSA”
Company’s Outstanding Shares of
7,298,500,000 Shares Listed on IDX under
“ELSA” Ticker
Pembelian Kembali 99.738.000 Lembar Saham         13 Oktober 2008                 2250          729,85              100    7.298.500.000
dan Mencatatkannya sebagai Saham Treasury         12 Januari 2009
Repurchase of 99,738,000 Shares and Listed as     October 13, 2008
Treasury Shares                                   January 12, 2009
Menerbitkan Keterbukaan Informasi untuk           16 Desember 2011                2250          729,85              100    7.298.500.000
Melakukan Penjualan Kembali atas Saham            December 16, 2011
Treasury melalui BEI, Efektif Mulai 2 Januari
2012
Issued Disclosure of Information to Resell
Treasury Shares through IDX, Effective Starting
January 2, 2012
Menerbitkan Keterbukaan Informasi,            28 Juni 2013                        2250          729,85              100    7.298.500.000
Perseroan Telah Melakukan Pengalihan/         June 28, 2013
Penjualan atas Seluruh Saham Hasil Pembelian
Kembali
Issued Disclosure of Information, the Company
Transferred/Sold All Shares Resulting from
Buyback




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KRONOLOGI PENAWARAN UMUM PERDANA                                   CHRONOLOGY OF INITIAL PUBLIC OFFERING
SAHAM
Sebelum melakukan Penawaran Umum Perdana Saham, jumlah             Prior to conducting the Initial Public Offering, the Company’s
saham Perseroan adalah 5.838.500.000 lembar. Pada tanggal          total shares were recorded at 5,838,500,000. On October 9, 2007,
9 Oktober 2007, Perseroan meningkatkan modal dasar dan             the Company increased its authorized capital and split the share
pemecahan nilai nominal saham 1:5, dari jumlah saham Perseroan     nominal value to 1:5, from the total shares of 1,167,700,000 prior
sebelum melakukan aksi korporasi yang sebesar 1.167.700.000        to the corporate action.
lembar saham.

Pada tanggal 25 Januari 2008, Badan Pengawas Pasar Modal           On January 25, 2008, the Capital Markets and Financial Institutions
dan Lembaga Keuangan (“Bapepam-LK”) menerbitkan Surat              Supervisory Agency (“Bapepam-LK”) issued the Effective
Pemberitahuan Efektif Pernyataan Pendaftaran sehubungan            Notification Letter for Registration Statement in connection with
dengan Penawaran Umum Saham Perdana Perseroan sebanyak             the Company’s Initial Public Offering of 1,460,000,000 shares. As
1.460.000.000 saham. Mulai tanggal 6 Februari 2008, saham          of February 6, 2008, the Company’s shares were traded on the
Perseroan diperdagangkan di Bursa Efek Indonesia (BEI) dengan      Indonesia Stock Exchange (IDX) with an initial offering price of
harga penawaran perdana sebesar Rp400 (nilai penuh) per saham.     Rp400 (full value) per share.

Per 31 Desember 2024, komposisi Pemegang Saham Perseroan           As of December 31, 2024, the composition of the Company’s
adalah PT Pertamina Hulu Energi 51,1%, PT Panin Sekuritas Tbk      Shareholders is PT Pertamina Hulu Energi 51.1%, PT Panin
6,2%, dan Publik 42,7%.                                            Sekuritas Tbk 6.2%, and Public 42.7%.

KRONOLOGI PENCATATAN EFEK LAINNYA                                  CHRONOLOGY OF OTHER SECURITIES LISTING
Hingga 31 Desember 2024, Perseroan tidak menerbitkan efek          As of December 31, 2024, the Company did not issue any other
lainnya, sehingga informasi pencatatan lainnya, perubahan          securities. Therefore, information on other listings, changes in the
jumlah efek lainnya, tindakan korporasi (corporate action) yang    amount of other securities, corporate actions that cause changes
menyebabkan perubahan jumlah efek lainnya, nama bursa di           in the amount of other securities, the name of the exchange
mana efek lainnya dicatatkan, dan diperingkat efek lainnya tidak   where other securities are listed, and the rating of other securities
disajikan dalam Laporan Tahunan ini.                               are not presented in this Annual Report.




                                                                                         2024 Annual Report PT ELNUSA Tbk         129
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Kantor Akuntan Publik
Public Accounting Firm



Nama Akuntan Publik                      Budi Hartono
Name of Public Accountant
Kantor Akuntan Publik                    KAP Purwantono, Sungkoro & Surja
Public Accounting Firm                   (anggota firma Ernst & young Global Limited)
                                         (member of Ernst & Young Global Limited firm)
Alamat                                   Indonesia Stock Exchange Building
Address                                  Tower II, Lantai 7 | 7th Floor
                                         Jl. Jend. Sudirman Kav. 52–53
                                         Jakarta 12190, Indonesia
                                         Tel.: (021) 5289 5000
                                         Fax.: (021) 5289 4100
                                         www.ey.com/ID/EN
Periode Penugasan                        Audit per 31 Desember 2024
Period of Assignment                     Audit as of December 31, 2024
Audit Keuangan                           Audit atas Laporan Keuangan Konsolidasian PT Elnusa Tbk dan Anak Perusahaan untuk tahun
Financial Audit                          buku yang berakhir pada 31 Desember 2024
                                         Audit of the Consolidated Financial Statements of PT Elnusa Tbk and its Subsidiaries for the
                                         financial year ended December 31, 2024
Biaya                                    Rp3.264.000.000,00
Fee                                      Rp3,264,000,000.00
Audit Non Keuangan                       Tidak ada audit yang diberikan selain audit atas Laporan Keuangan
Non-Financial Audit                      No audit was provided other than the audit of the Financial Statements
Biaya Jasa Non Keuangan                  Tidak ada
Non-Financial Service Fee                None




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Daftar Lembaga dan Profesi
Penunjang Perusahaan
List of Company’s Supporting Institutions
and Professions
       Lembaga                     Nama                           Alamat                           Jenis Jasa                    Biaya (Rp)
      Institution                  Name                           Address                        Type of Service                  Fee (Rp)

Biro Administrasi Efek    PT Datindo Entrycom        Jl. Hayam Wuruk No. 28 Jakarta      Jasa administrasi saham di Pasar            40.000.000
Securities                                           10210, Indonesia                    Sekunder berupa pencatatan              (sebelum PPN)
Administration Bureau                                Tel.: (021) 350 8077                Daftar Pemegang Saham (DPS)                (before VAT)
                                                     Fax.: (021) 350 8078                dan pencatatan atas perubahan
                                                     Website: www.datindo.com            pada DPS atas nama Perusahaan
                                                                                         yang tercatat di Bursa Efek
                                                                                         Indonesia.
                                                                                         Documentation of Shareholders
                                                                                         Registration List (DPS) or share
                                                                                         administration services on the
                                                                                         Secondary Market listed on the
                                                                                         Indonesia Stock Exchange
Kustodian                 PT Kustodian Sentral       Gedung Bursa Efek Indonesia,        Jasa Kustodian Sentral                      20.000.000
Custodian                 Efek Indonesia             Tower I, 5th floor                  Central Custodian Services              (sebelum PPN)
                                                     Jl. Jendral Sudirman Kav. 52–53,                                               (before VAT)
                                                     Jakarta 12190, Indonesia
                                                     Tel.: (021) 5299 1099
                                                     Fax.: (021) 5299 1199
                                                     Website: www.ksei.co.id
Pemeringkat Efek          PT Pemeringkat Efek        Equity Tower Lt. 30, Sudirman       Pemeringkatan Perusahaan                  135.000.000
Securities Rating         Indonesia (PEFINDO)        Central Business District, Lot. 9   periode Desember 2024                   (sebelum PPN)
                                                     Jl. Jend. Sudirman Kav. 52-53,      Company Rating for the period              (before VAT)
                                                     Jakarta 12190, Indonesia            of December 2024
                                                     Tel.: (021) 7278 2380
                                                     Fax.: (021) 7278 2370
                                                     Website: www.Pefindo.com
Kantor Akuntan Publik     KAP Purwantono,            Indonesia Stock Exchange            Audit Laporan Keuangan                   1.403.556.000
Public Accounting Firm    Sungkoro & Surja           Building, Tower 2, 7th Floor        Konsolidasian PT Elnusa Tbk dan         (sebelum PPN)
                          (anggota firma Ernst &     Jl. Jend. Sudirman Kav. 52–53       Anak Perusahaan Tahun Buku                 (before VAT)
                          Young Global Limited)      Jakarta 12190, Indonesia            2024
                                                     Tel.: (021) 5289 5000               Audit of the Consolidated
                                                     Fax.: (021) 5289 4100               Fnancial Statement of
                                                     Website: www.ey.com/id              PT Elnusa Tbk and Subsidiaries
                                                                                         for the 2024 Financial Year
Notaris                   Aulia Taufani, S.H.        Menara Sudirman Lantai 18 ABD,      Jasa Penyusunan Akta Berita                 45.000.000
Notary                                               Jl. Sudirman Kav. 60, Jakarta       Acara dan Akta Pernyataan               (sebelum PPN)
                                                     12190                               Keputusan RUPS Tahunan Tahun               (before VAT)
                                                     Tel.: (021) 520 4778                Buku 2023 dan RUPS Luar Biasa
                                                     Fax.: (021) 520 4779                Deed of Minutes and Deed of
                                                     E-mail: ataufani@ataa.id            Statement of Resolutions of
                                                                                         the Annual General Meeting of
                                                                                         Shareholders for the Financial
                                                                                         Year 2023 and Extraordinary
                                                                                         General Meeting of Shareholders
Konsultan Hukum                  Tidak Ada                       Tidak Ada                          Tidak Ada                    Tidak Ada
Legal Consultant                   None                            None                               None                         None

DAFTAR PENTING LAINNYA
Other Important List
Informasi Perdagangan dan                        BURSA EFEK INDONESIA                            INDONESIA STOCK EXCHANGE
Pencatatan Saham                                 Gedung Bursa Efek Indonesia                     Indonesia Stock Exchange Building
Information on Stock Trading and Listing         Jl. Jend. Sudirman Kav. 52–53                   Jl. Jend. Sudirman Kav. 52-53,
                                                 Jakarta 12190, Indonesia                        Jakarta 12190, Indonesia
                                                 Call Center: 150515                             Call Center: 15 0515
                                                 E-mail: callcenter@idx.co.id                    E-mail: callcenter@idx.co.id
                                                 Website: ww.idx.co.id                           Website: www.idx.co.id




                                                                                                 2024 Annual Report PT ELNUSA Tbk             131
Page 134
            PROFIL PERUSAHAAN
            Company Profile




Informasi Website Perusahaan
Information on Company Website




Perseroan memberikan kemudahan kepada para pemegang                   The Company provides convenience to shareholders and other
saham dan pemangku kepentingan lainnya dalam mengakses                stakeholders in accessing the Company’s data and information in
data dan informasi berkaitan dengan Perseroan secara akurat,          an accurate, precise, and transparent manner. The Company has
tepat, dan transparan. Perseroan memiliki situs resmi yakni           an official website at www.elnusa.co.id to improve reliability in
www. elnusa. co. id untuk meningkatkan keandalan dalam                providing integrated information, which can be accessed in Bahasa
penyediaan informasi secara terintegrasi, yang dapat diakes dalam     Indonesia and English.
bahasa Indonesia dan Inggris.

Situs Perseroan dibuat untuk memenuhi informasi yang wajib            The Company’s is made to fulfill the information that must be in
selaras dengan Peraturan Otoritas Jasa Keuangan (POJK) No. 8/         line with the Financial Services Authority Regulation (POJK) No.
POJK.4/2015 tentang Situs Emiten atau Perusahaan Publik yang          8/POJK.4/2015 on the Website of Issuers or Public Companies,
telah ditetapkan pada tanggal 25 Juni 2015, seperti:                  established on June 25, 2015, such as:
1. Informasi Umum Emiten atau Perusahaan Publik.                      1. General Information on Issuer or Public Company.
2. Informasi bagi Pemodal atau Investor.                              2. Information for Capital Provider or Investor.
3. Informasi Tata Kelola Perusahaan.                                  3. Information on Corporate Govvernance.
4. Informasi Tanggung Jawab Sosial Perusahaan.                        4. Information on Corporate Social Responsibility.

Situs Perseroan menjadi portal digital resmi korporasi yang dapat     The Company’s became the corporate official digital portal that
diakses secara terbuka, dengan tujuan memberikan informasi yang       may be accessed openly to provide information comprehensively
komprehensif tentang Perseroan kepada khalayak luas. Berikut          on the Company to the general public. It conveys the suitability
disampaikan kesesuaian situs web Perseroan dengan kebutuhan           of the Company’s website with the information required by the
informasi kepada publik, khususnya kepada pemegang saham, dan         public, specifically for the shareholders and stakeholders.
pemangku kepentingan.


                         Tautan                                                               Uraian
                          Link                                                              Description

 https://www.elnusa.co.id/profil-perusahaan             Struktur grup perusahaan dan informasi pemegang saham sampai dengan pemilik
                                                        akhir.
                                                        Company group structure and information on shareholders up to the ultimate
                                                        shareholder.
 https://www.elnusa.co.id/kebijakan-perusahaan          Isi Kode Etik
                                                        Content of the Code of Conduct
 https://www.elnusa.co.id/rapat-umum-pemegang-saham     Informasi Rapat Umum Pemegang Saham (RUPS) paling kurang meliputi bahan
                                                        mata acara yang dibahas dalam RUPS, ringkasan risalah RUPS, dan informasi tanggal
                                                        penting yaitu tanggal pengumuman RUPS, tanggal pemanggilan RUPS, tanggal
                                                        RUPS, tanggal ringkasan risalah RUPS diumumkan
                                                        Information on the General Meeting of Shareholders (GMS) at least includes the
                                                        agenda materials discussed at the GMS, a summary of the minutes of the GMS, and
                                                        important date information, namely the date of the announcement of the GMS, the
                                                        date of the invitation to the GMS, the date of the GMS, the date the summary of the
                                                        minutes of the GMS is announced
 https://www.elnusa.co.id/laporan-keuangan              Laporan keuangan tahunan (5 tahun terakhir)
                                                        Annual financial statements (the last 5 years)
 https://www.elnusa.co.id/dewan-komisaris               Profil Dewan Komisaris dan Direksi
 https://www.elnusa.co.id/direksi                       Profiles of the Board of Commissioners and Board of Directors
 https://www.elnusa.co.id/kebijakan-perusahaan          Piagam/Charter Dewan Komisaris, Direksi, Komite-komite, dan Unit Audit Internal
                                                        Charters of the Board of Commissioners, Board of Directors, Committees, and
                                                        Internal Audit Units




 132    PT ELNUSA Tbk Laporan Tahunan 2024
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                    PROFIL PERUSAHAAN
                       Company Profile




2024 Annual Report PT ELNUSA Tbk   133
Page 136
FUNGSI
PENDUKUNG
BISNIS
Business Support Functions
136 Sumber Daya Manusia
      Human Resources

163 Sistem Informasi
      Information System

168 Rantai Pasok
      Supply Chain
Page 137

          
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           FUNGSI PENDUKUNG BISNIS
           Business Support Functions




Sumber Daya Manusia
Human Resources




PT Elnusa Tbk (“Elnusa,” “Perseroan”) menjadi Sumber Daya               PT Elnusa Tbk (“Elnusa,” “the Company”) recognizes Human
Manusia (SDM) sebagai mitra strategis yang sangat penting dalam         Resources (HR) as an important strategic partner in achieving
mendukung pencapaian usaha serta visi dan misi Perseroan. Untuk         business objectives and the Company’s vision and mission. As a
itu, Perseroan melakukan pengelolaan dan pengembangan SDM               result, the company manages and develops its human resources
secara tepat dan berkesinambungan dalam rangka menghasilkan             in an appropriate and continuous manner in order to produce
talenta yang berkualitas. Upaya ini sangat penting untuk                quality talent. This effort is critical to strengthening the Company’s
memperkuat posisi Perseroan di tengah persaingan industri yang          position in an increasingly competitive industry and business
semakin ketat dan lingkungan bisnis yang semakin kompetitif.            environment.

JUMLAH DAN PRODUKTIVITAS SDM                                            NUMBER AND PRODUCTIVITY OF HC
Jumlah SDM Perseroan pada tahun 2024 mencapai 1.879 orang,              The Company’s total HR in 2024 reached 1,879 people, an increase
mengalami kenaikan dibandingkan tahun 2023 sebanyak 1.821               compared to 2023 of 1,821 people. The number of employees in
orang. Jumlah pekerja pada tahun 2024 telah memperhitungkan             2024 took into account the Company’s organizational needs both
kebutuhan organisasi Perseroan baik dari sisi kuantitas maupun          in terms of quantity and quality.
kualitas.

            PERGERAKAN JUMLAH SDM PERSEROAN DAN ENTITAS ANAK DALAM 3 (TIGA) TAHUN
            TERAKHIR 2022–2024
            Movement in the Number of Human Resources of the Company and Its Subsidiaries in the Last
            3 (Three) Years 2022–2024
            pekerja | employee

                                                   1.829      1.821            1.879




                                                    801           769           775




                                                   1.054      1.052            1.078
                                                                                                      Elnusa Holding

                                                                                                      Anak Perusahaan
                                                                                                      Subsidiary

                                                   2022       2023             2024




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Perseroan menghitung tingkat produktivitas SDM berdasarkan                  The Company calculates HR productivity level by comparing
pendapatan, laba operasi dan laba bersih dibandingkan dengan                revenue, operating profit, and net profit to the number of HR on a
jumlah SDM secara konsolidasi (termasuk SDM entitas anak                    consolidated basis (including HR of subsidiaries). The table below
usaha). Rincian produktivitas selama 3 (tiga) tahun terakhir                summarizes productivity over the last 3 (three) years.
diuraikan melalui tabel di bawah ini.

TINGKAT PRODUKTIVITAS SDM 2022–2024                                         PRODUCTIVITY LEVEL OF HR 2022–2024
Tingkat produktivitas SDM Perseroan secara umum mengalami                   The productivity level of the Company’s HR generally experienced
perkembangan yang meningkat dalam 3 (tiga) tahun terakhir. Pada             an increasing development in the last 3 (three) years. In 2024,
tahun 2024, ditinjau dari sisi pendapatan per jumlah SDM tercatat           in terms of revenue per number of HR, it was recorded at 3.2%.
sebesar 3,2% sedangkan dari segi laba bersih, per jumlah SDM                Meanwhile, in terms of net profit, per number of HR, it increased
meningkat 37,0%.                                                            by 37.0%.


                                     Produktivitas (Rp juta)                           Pertumbuhan (%)
            Uraian                   Productivity (Rp million)                            Growth (%)                                     Description
                                  2024            2023           2022           2024           2023           2022
 Pendapatan per Jumlah SDM          7.121           6.904         6.730             3,1           2,6            (16,1)               Revenue per Headcount
 Laba Operasi per Jumlah SDM          494            368            273            34,2          34,8            (18,9)                    Operating Profit per
                                                                                                                                                   Headcount
 Laba Bersih per Jumlah SDM           378            276            206            37,0          34,0            (38,2)             Net Profit per Headcount


PROFIL DAN KOMPOSISI SDM                                                    HR PROFILE AND COMPOSITION
Perseroan terus berupaya menjaga komposisi SDM sesuai dengan                The Company continues to strive to maintain the composition
kebutuhan dan perkembangan bisnis. Perseroan melakukan                      of HR in accordance with business needs and developments.
beberapa penguatan dalam pengelolaan SDM selaras dengan                     The Company has strengthened its HR management in line with
berbagai tantangan dan perkembangan bisnis saat ini. Penguatan              current business challenges and developments. The strengthening
tersebut juga dilakukan agar Perseroan dapat lebih efektif dan              is also carried out so that the Company can be more effective
efisien untuk menciptakan SDM unggul serta dapat beradaptasi                and efficient in creating outstanding HR and can adapt to the
dengan perkembangan lingkungan bisnis yang berubah cepat.                   development of a rapidly changing business environment.

KOMPOSISI SDM BERDASARKAN CORE                                              HR COMPOSITION BASED ON CORE FUNCTION
FUNCTION
Melalui dukungan transformasi digital yang dilakukan secara                 Through the support of continuous digital transformation, the
berkesinambungan, Perseroan terus berfokus pada kegiatan                    Company continues to focus on operational activities in order
operasi dalam rangka mendukung penyelesaian proyek-proyek dari              to support the completion of customer projects and optimally
pelanggan dan mengatur komposisi SDM pada support function                  manage the composition of HR in the support function against
secara optimal terhadap core function. Keberhasilan Perseroan               the core function. The Company’s success in maintaining this
menjaga komposisi ini menunjukkan efektivitas pengembangan                  composition shows the effectiveness of business development
bisnis dan optimalisasi biaya operasional Perseroan dari sisi               and optimization of the Company’s operational costs in terms of
biaya SDM.                                                                  HR costs.

                                                                                                       orang, kecuali disebutkan lain | person, unless otherwise stated

                                             2024                           2023                           2021
 No.          Core Function                       Persentase                    Persentase                      Persentase                Core Function
                                    Jumlah                         Jumlah                        Jumlah
                                                  Percentage                    Percentage                      Percentage
                                     Total                          Total                         Total
                                                      (%)                           (%)                             (%)
   1    Operasi                          1.507            80,2          1.485           81,5          1.483             81,1                            Operation
   2    Shared Service                      372           19,8            336           18,5            346             18,9                      Shared Service
        Jumlah                           1.879           100,0          1.821          100,0          1.829            100,0                                   Total




                                                                                                        2024 Annual Report PT ELNUSA Tbk                        137
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           FUNGSI PENDUKUNG BISNIS
           Business Support Functions




KOMPOSISI SDM BERDASARKAN GENERASI                                    HR COMPOSITION BASED ON AGE
USIA                                                                  GENERATION

                                                                                           orang, kecuali disebutkan lain | person, unless otherwise stated

                                            2024                      2023                      2021
 No.          Generasi Usia                     Persentase                Persentase                Persentase               Age Generation
                                   Jumlah                    Jumlah                    Jumlah
                                                Percentage                Percentage                Percentage
                                    Total                     Total                     Total
                                                    (%)                       (%)                       (%)
  1     Gen Z                             97           5,2        45             2,5       119                6,5                            Gen Z
        (Lahir 1995–2012)                                                                                                         (Born 1995–2012)
  2     Gen Y                           1.161         61,8     1.106            60,7       985              53,9                             Gen Y
        (Lahir 1982–1995)                                                                                                         (Born 1982–1995)
  3     Gen X                            620          33,0        668           36,7       723              39,5                             Gen X
        (Lahir 1965–1981)                                                                                                         (Born 1965–1981)
  4     Baby Boomers                        1          0,1            2          0,1            2             0,1                    Baby Boomers
        (Lahir 1946–1964)                                                                                                         (Born 1946–1964)
        Jumlah                          1.879       100,0      1.821          100,0      1.829             100,0                                   Total


Saat ini, komposisi SDM Perseroan yang didominasi oleh Gen            Currently, the composition of the Company’s HR, which is
Y (millenial), menghadirkan tantangan bagi Perseroan dalam            dominated by Gen Y (millennials), poses a challenge for the
menciptakan budaya organisasi yang kuat dan adaptif. Untuk itu,       Company in creating a robust and adaptive organizational culture.
Perseroan berkomitmen melaksanakan program work-life balance,         For this reason, the Company is committed to implementing work-
serta berbagai sarana pengembangan dan aktualisasi diri guna          life balance programs, as well as various means of development
mendukung pertumbuhan karier dan meningkatkan keterampilan            and self-actualization to support career growth and improve skills
yang selaras dengan perkembangan teknologi dan inovasi.               in line with technological developments and innovations.

Keberhasilan dalam pengelolaan SDM berdasarkan kelompok               The success in managing HR based on generational groups is
generasi tersebut dibuktikan dengan adanya pekerja Gen Y              indicated by the presence of Gen Y workers who have occupied
yang sudah menduduki posisi kunci (3 dari 14 posisi BOD-1) di         key positions (3 out of 14 BOD-1 positions) in the Company. More
Perseroan. Informasi lebih detail mengenai komposisi SDM, telah       detailed information on the composition of HR has been displayed
ditampilkan pada Bab Profil Perusahaan yang terdapat dalam            in the Company Profile Chapter of this Annual Report.
Laporan Tahunan ini.

STRATEGI PENGELOLAAN DAN                                              HR MANAGEMENT AND DEVELOPMENT
PENGEMBANGAN SDM                                                      STRATEGY
Dalam menghadapi tantangan dan dinamika pasar yang terus              In facing the challenges and changing market dynamics, the
berubah, Perseroan menempatkan pengelolaan SDM sebagai pilar          Company considers HR management as the main pillar of success.
utama keberhasilan. Strategi SDM dirancang untuk membangun            The HR strategy is designed to build a competent, adaptive, and
tenaga kerja yang kompeten, adaptif, dan produktif, sehingga          productive workforce so as to contribute optimally to supporting
mampu berkontribusi secara optimal dalam mendukung                    the Company’s vision, mission, and long-term target achievement.
pencapaian visi, misi, serta target jangka panjang perusahaan.

Melalui pendekatan yang berorientasi pada pengembangan                Through an approach oriented towards skills development,
keterampilan, inovasi, dan budaya kerja yang kolaboratif,             innovation, and a collaborative work culture, the Company
Perseroan memastikan bahwa setiap individu memiliki peluang           ensures that every individual has the opportunity to grow and
untuk bertumbuh dan memberikan nilai tambah bagi organisasi.          provide added value to the organization. Thus, the Company can
Dengan demikian, Perseroan dapat terus meningkatkan daya saing        continue to improve its competitiveness and maintain its position
dan mempertahankan posisinya sebagai pemimpin di industri             as a leader in an ever-evolving industry.
yang terus berkembang.

Perseroan melalui Divisi Human Capital, berkomitmen untuk terus       The Company, through the Human Capital Division, is committed
mengembangkan dan mempertahankan SDM unggul yang siap                 to continuously developing and maintaining excellent human
menghadapi perubahan dan tantangan di masa depan. Upaya               resources who are ready to face future changes and challenges.
ini diwujudkan melalui pendekatan strategis yang berfokus pada        This effort is realized through a strategic approach focusing




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peningkatan produktivitas, kompetensi, serta penguatan budaya        on increasing productivity, competence, and strengthening an
kerja yang inovatif dan kolaboratif.                                 innovative and collaborative work culture.

Perseroan secara proaktif menerapkan berbagai program                The Company proactively implements various technology-
pengembangan berbasis teknologi, pelatihan berkelanjutan, serta      based development programs, continuous training, and a
sistem manajemen talenta yang mendukung pertumbuhan karier           talent management system that supports employee career
karyawan. Dengan strategi ini, Perseroan memastikan bahwa SDM        advancement. With this strategy, the Company ensures that its
yang dimiliki tidak hanya memiliki kapabilitas yang relevan dengan   HR not only has capabilities relevant to business needs but can
kebutuhan bisnis, tetapi juga mampu beradaptasi dan memberikan       also adapt and make maximum contributions in supporting the
kontribusi maksimal dalam mendukung keberlanjutan perusahaan.        Company’s sustainability.

Pada tahun 2024, Perseroan mengimplementasikan berbagai              In 2024, the Company implemented various strategic measures in
langkah strategis dalam bidang SDM yang dirancang untuk              the HR sector designed to strengthen the competitiveness of the
memperkuat daya saing organisasi, di antaranya:                      organization, including:
1. Meningkatkan Efektivitas Organisasi                               1. Improving Organizational Effectiveness
    Evaluasi struktur organisasi, penyelarasan proses bisnis, dan        Evaluating the organizational structure, business process
    analisis beban kerja, Perseroan memastikan organisasi tetap          alignment, and workload analysis, the Company ensures the
    efisien dan responsif terhadap kebutuhan operasional dan             organization remains efficient and responsive to operational
    pasar.                                                               and market needs.
2. Pengembangan Kompetensi Teknis dan Kepemimpinan                   2. Technical and Leadership Competency Development
    Program pengembangan keterampilan dirancang secara                   The skills development program is designed comprehensively
    komprehensif untuk menjembatani kesenjangan kompetensi               to balance existing competency gaps, focusing on improving
    yang ada, dengan fokus pada peningkatan kemampuan teknis             technical and leadership capabilities in line with the Company’s
    dan kepemimpinan sesuai kebutuhan strategis perusahaan.              strategic needs.
3. Peningkatan Kesejahteraan Fisik dan Mental                        3. Improved Physical and Mental Well-being
    Dalam mendukung keseimbangan hidup karyawan, Perseroan               To support employees’ life balance, the Company implements
    mengimplementasikan program peningkatan kesehatan yang               a measurable and sustainable health improvement program
    terukur dan berkelanjutan, guna menciptakan tenaga kerja             to create a physically and mentally healthy workforce.
    yang sehat secara fisik dan mental.
4. Memperkuat Daya Saing melalui Compensation & Benefit              4. Strengthening Competitiveness through Compensation &
                                                                        Benefit
   Implementasi program kompensasi dan manfaat yang                     The implementation of competitive compensation and
   kompetitif dilakukan untuk menarik, mempertahankan, dan              benefits programs is conducted to attract, retain, and motivate
   memotivasi talenta terbaik di industri.                              the best talents in the industry.
5. Membangun Budaya Perusahaan yang Kuat                             5. Building a Robust Corporate Culture
   Perseroan terus memperkuat implementasi budaya kerja                 The Company continues to strengthen the implementation
   berbasis nilai-nilai inti AKHLAK sebagai landasan perilaku           of a work culture based on the core values of AKHLAK as the
   seluruh karyawan dalam mencapai tujuan bersama.                      basis for all employees’ behavior in achieving common goals.

Upaya penerapan langkah strategis ini mencerminkan komitmen          The implementation of this strategic step reflects the Company’s
Perseroan dalam menjadikan SDM sebagai motor penggerak utama         commitment to making HR the main driving force in supporting
dalam mendukung keberlanjutan bisnis, sekaligus memastikan           business sustainability while ensuring readiness to face challenges
kesiapan menghadapi tantangan di era yang semakin dinamis.           in an increasingly dynamic era. Several HR management programs
Beberapa program pengelolaan SDM berdasarkan strategi SDM            based on the HR 2024 strategy have been implemented as
2024 yang telah diimplementasikan sebagaimana yang diuraikan         described further below.
lebih lanjut di bawah ini.

Organisasi & Pengembangan                                            Organization & Development
Dalam Organisasi & Pengembangan, Perseroan menjalankan               In Organization & Development, the Company runs various
berbagai program yang menjadi bagian tidak terpisahkan dari          programs that are an integral part of organizational management
pengelolaan dan pengembangan organisasi, antara lain meliputi        and development, including organization, manpower planning,
Organisasi, Perencanaan Tenaga Kerja, Pengelolaan Rekrutmen          recruitment management, and talent management.
dan Pengelolaan Talenta.




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Organisasi                                                           Organization
Perseroan terus melakukan berbagai inisiatif peningkatan             The Company continues to carry out various initiatives to improve
efektivitas organisasi dalam upaya mengakselerasi kinerja dan        organizational effectiveness to accelerate performance and ensure
memastikan organisasi dapat beroperasi secara optimal. Salah         that the organization can operate optimally. One of the main steps
satu langkah utamanya adalah penyelarasan proses bisnis              is the alignment of business processes with the organizational
dengan struktur organisasi. Melalui pengembangan Responsibility      structure. Through the development of the Responsibility
Assignment Matrix (RASCI) dan penetapan tugas serta tanggung         Assignment Matrix (RASCI) and the assignment of duties and
jawab jabatan, Perseroan memastikan bahwa setiap fungsi dalam        responsibilities, the Company ensures that each function in the
organisasi memiliki peran yang terdefinisi dengan baik.              organization has a well-defined role.

Lebih lanjut, Perseroan juga melakukan review organisasi berbasis    Furthermore, the Company also conducts organizational reviews
analisis proses bisnis dan beban kerja guna memastikan bahwa         based on business process and workload analysis to ensure that the
struktur organisasi dirancang secara efektif sesuai dengan           organizational structure is effectively designed in accordance with
kebutuhan operasional dan target produktivitas. Pendekatan           operational needs and productivity targets. This approach allows
ini memungkinkan Perseroan untuk mengoptimalkan sumber               the Company to optimize resources, improve work efficiency, and
daya, meningkatkan efisiensi kerja, serta mempercepat proses         accelerate a more strategic decision-making process.
pengambilan keputusan yang lebih strategis.

Dengan menerapkan metode yang menyeluruh dan terukur,                By applying a comprehensive and measurable method, the
Perseroan yakin bahwa inisiatif ini akan menciptakan organisasi      Company believes that this initiative will create a more adaptive,
yang lebih adaptif, kompetitif, dan responsif terhadap dinamika      competitive, and responsive organization to industry dynamics.
industri. Seluruh langkah tersebut selaras dengan visi dan           All of these steps are aligned with the Company’s vision and
misi perusahaan, memastikan bahwa setiap unit kerja dapat            mission, ensuring that each work unit can contribute optimally to
berkontribusi secara optimal dalam mendukung pertumbuhan             supporting sustainable growth.
yang berkelanjutan.

Perencanaan Tenaga Kerja                                             Manpower Planning
Perseroan melakukan berbagai langkah komprehensif pengelolaan        The Company takes various comprehensive HR management
SDM dalam rangka beradaptasi dengan perkembangan bisnis yang         measures to adapt to dynamic business developments, especially
dinamis, khususnya melalui perencanaan tenaga kerja (manpower        through integrated manpower planning in the Company and its
planning) yang terintegrasi di Perseroan dan entitas anak.           subsidiaries.

Perencanaan tenaga kerja yang terintegrasi dan strategis ini         This integrated and strategic manpower planning is designed
dirancang untuk mengoptimalkan jumlah dan alokasi SDM,               to optimize the number and allocation of HR, ensure readiness
memastikan kesiapan dalam memenuhi kebutuhan operasional             to meet operational needs, and support the achievement of
serta mendukung pencapaian target bisnis korporasi. Dengan           corporate business targets. With a data-driven approach and
pendekatan berbasis data dan analisis kebutuhan, Perseroan           needs analysis, the Company can dynamically adjust manpower
dapat menyesuaikan kapasitas tenaga kerja secara dinamis guna        capacity to improve efficiency and productivity in every line of
meningkatkan efisiensi dan produktivitas di setiap lini bisnis.      business.

Melalui strategi ini, Elnusa memastikan bahwa tenaga kerja           Through this strategy, Elnusa ensures that the workforce is
tersedia dalam jumlah dan kualitas yang tepat, tidak hanya untuk     available in the right quantity and quality, not only to maintain the
menjaga keberlanjutan bisnis yang sudah berjalan (sustain)           sustainability of the existing business (sustain) but also to support
tetapi juga untuk mendukung rencana pengembangan bisnis di           future business development plans (growth). With a competent
masa depan (growth). Dengan tenaga kerja yang kompeten dan           and optimally distributed workforce, the Company is ready to face
terdistribusi secara optimal, Perseroan siap menghadapi tantangan    industry challenges and continue to promote sustainable growth.
industri serta terus mendorong pertumbuhan yang berkelanjutan.

Perseroan melaksanakan strategi manpower planning disesuaikan        The Company implements a manpower planning strategy
dengan analisis produktivitas, kebutuhan spesifik setiap fungsi      adjusted to productivity analysis, specific needs of each function
dan unit bisnis, serta proyeksi pengembangan perusahaan.             and business unit, and company development projections.
Pendekatan ini tidak hanya memastikan efisiensi pengelolaan          This approach not only ensures the efficiency of workforce
tenaga kerja, tetapi juga memberikan fleksibilitas bagi organisasi   management but also provides flexibility for the organization to
untuk beradaptasi terhadap perubahan dan tantangan bisnis            adapt to business changes and challenges effectively.
secara efektif.




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            Manpower Planning                    2024             2023              2022                   Manpower Planning
 Sustainability                                         13                16                16                               Sustainability
 Growth for New Business                                50                77                91                   Growth for New Business
 Growth based on Project                                264               313              177                    Growth based on Project
 Jumlah                                                 327               406              284                                       Total



Selain menerapkan strategi perencanaan SDM untuk memenuhi              In addition to implementing HR planning strategies to meet existing
kebutuhan bisnis yang sudah berjalan (existing) maupun rencana         business needs and growth plans, the Company is also committed
pengembangan (growth), Perseroan juga berkomitmen menjaga              to maintaining a lean yet productive organizational structure. It is
struktur organisasi yang lean, namun tetap produktif. Hal ini          realized through managing the percentage of vacant positions at a
diwujudkan melalui pengelolaan persentase kekosongan jabatan           maximum level of 10%.
(vacant) pada tingkat maksimal 10%.

Pengelolaan Rekrutmen                                                  Recruitment Management
Dalam rangka menyediakan SDM yang kompeten dan berkualitas             In order to provide competent and qualified HR to support the
untuk menunjang operasional serta pertumbuhan organisasi               organization’s operations and growth in achieving its vision
dalam mencapai visi dan misi, Perseroan menjalankan proses             and mission, the Company runs a structured and procedural
rekrutmen yang terstruktur dan sesuai prosedur. Setiap tahapan         recruitment process. Each selection stage is designed to ensure
seleksi dirancang untuk memastikan bahwa tenaga kerja yang             that the recruited workforce has the skills, experience, and values
direkrut memiliki keterampilan, pengalaman, dan nilai yang             aligned with the Company’s needs.
selaras dengan kebutuhan perusahaan.

Pelaksanaan rekrutmen juga dilakukan secara independen,                Recruitment is also conducted independently, transparently,
transparan, dan objektif, membuka peluang bagi masyarakat              and objectively, opening opportunities for the wider community
luas tanpa memandang unsur suku, agama, ras, gender, maupun            regardless of ethnicity, religion, race, gender, or sex. With a
jenis kelamin. Dengan komitmen terhadap prinsip kesetaraan             commitment to equality and inclusiveness principles, the Company
dan inklusivitas, Perseroan menciptakan lingkungan kerja yang          creates a diverse, dynamic work environment that encourages
beragam, dinamis, serta mendorong inovasi dan kolaborasi yang          innovation and stronger collaboration.
lebih kuat

Sepanjang tahun 2024, Perseroan merekrut 184 Pekerja baru              Throughout 2024, the Company recruited 184 new employees
dibandingkan tahun 2023 yang sebanyak 172 Pekerja, terjadi             compared to 172 employees in 2023, an increase of 7.0%. Details
kenaikan 7,0%. Rincian penerimaan SDM baru untuk memenuhi              of the recruitment of new HR to meet the needs of the Company’s
kebutuhan kegiatan usaha Perseroan diuraikan melalui tabel             business activities are described in the following table:
sebagai berikut:


                         Uraian                               Jumlah | Total                             Description
 SDM 2023                                                         1.821                                                           HR 2023
 Pekerja yang Direkrut di 2024                                      184                                         Workers Recruited in 2024
 SDM yang Berakhir Hubungan Kerja Selama 2024:                      126                     HR who Ended Their Employment Relationship:
   Pensiun/Meninggal                                                 43                                           Retirement/Pass Away
   Atas Permintaan Sendiri                                           37                                                 At Own Request
   Berakhir Kontrak                                                  20                                                 Contract Ended
   Revitalisasi                                                       8                                                   Revitalization
   Mutasi                                                            18                                                       Mutation
 Total SDM Akhir Tahun 2024                                       1.879                           Total Human Resources End of Year 2024




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Pengelolaan Talenta                                                    Talent Management
Kebijakan pengelolaan talenta Perseroan diarahkan untuk                The Company’s talent management policy is directed towards
menyediakan SDM yang memiliki kemampuan di beberapa                    providing employees with multi-skilled capabilities in several
bidang (multi skill). Upaya ini termasuk inisisasi Perseroan untuk     areas. This effort includes the Company’s initiative to prepare
mempersiapkan SDM unggul yang mampu beradaptasi dengan                 excellent human resources capable of adapting to the dynamic
dinamika perkembangan bisnis yang kerap berubah.                       changes in the business environment.

Perseroan menerapkan sistem pengembangan SDM berbasis                  The Company implements a talent management-based HR
talent management untuk mendukung kelangsungan operasional             development system to support operational continuity and
serta menjaga kesinambungan bisnis. Pendekatan ini memastikan          maintain business continuity. This approach ensures that every
bahwa setiap individu memiliki kesempatan untuk bertumbuh,             individual has the opportunity to grow, hone their skills, and
mengasah keterampilan, serta berkontribusi secara optimal dalam        contribute optimally to achieving the Company’s goals.
mencapai tujuan perusahaan.

Program pengembangan SDM dirancang menggunakan                         HR development programs are designed using the blended
metode blended learning, yaitu kombinasi antara pembelajaran           learning method, a combination of self-learning, coaching and
mandiri, coaching dan mentoring, serta pembelajaran berbasis           mentoring, and assignment-based learning. With this structured
penugasan. Dengan pendekatan yang terstruktur dan adaptif ini,         and adaptive approach, the Company can build outstanding,
Perseroan dapat membangun SDM yang unggul, inovatif, serta             innovative human resources who are ready to face future business
siap menghadapi tantangan bisnis di masa depan, sekaligus              challenges while strengthening a collaborative and performance-
memperkuat budaya kerja yang kolaboratif dan berorientasi              oriented work culture.
pada kinerja.

Beberapa program pengembangan SDM yang telah dilakukan pada            Several HR development programs that have been carried out in
tahun 2024 adalah sebagai berikut:                                     2024 are as follows:

Perencanaan Suksesor                                                   Successor Planning
Strategi dan rencana mendapatkan calon pemimpin dilakukan              Comprehensive strategies and plans for identifying potential leaders
secara komprehensif melalui pengembangan potensi, talenta              are carried out through the development of potential, talent, and
dan kemampuan yang dimiliki oleh SDM yang termasuk dalam               capabilities possessed by employees included in the talent pool.
talent pool. Setiap posisi kunci harus memiliki setidaknya 3 (tiga)    Each key position should have at least 3 (three) successor lists
successor list yang dipilih melalui proses talent management yang      selected through a comprehensive talent management process.
komprehensif. Fungsi SDM bertanggung jawab untuk membantu              The HR function is responsible for facilitating the successors to
memfasilitasi para successor untuk mengembangkan segala                develop all necessary skills related to career success factors (soft
kemampuan terkait career success factor (soft competency,              competency, technical competency, exposure, and character).
technical competency, exposure, dan character).

Pada tahun 2024, ketersediaan successor adalah 100% dan seluruh        In 2024, the availability of successors was 100%, and all key
posisi kunci diisi oleh successor yang telah ditetapkan berdasarkan    positions were filled by successors who had been determined
persentase tingkat kesesuaiannya dengan career success factor          based on the percentage of their compatibility level with the
jabatan yang diproyeksikan bagi successor.                             career success factor of the position projected for the successor.

Pengelolaan Kompetensi                                                 Competency Management
Sejalan dengan perkembangan dan tuntutan bisnis, Perseroan             In line with business development and demands, the Company
selalu berupaya memastikan pengelolaan dan pengembangan                always ensures that human resource management and
SDM didasarkan pada kompetensi yang sejalan dengan visi, misi          development are based on competencies aligned with the
dan strategi Perseroan. Pengelolaan SDM berbasis kompetensi            Company’s vision, mission, and strategy. Competency-based
tidak hanya mencakup kompetensi teknis tetapi juga kompetensi          human resource management not only covers technical
perilaku berlandaskan Tata Nilai Budaya AKHLAK, profil karakteristik   competencies but also behavioral competencies based on the
kepribadian dan eksposur tugas yang ditujukan untuk memastikan         AKHLAK Cultural Values, personality characteristics profile, and job
tersedianya SDM yang mampu bersaing.                                   exposure intended to ensure the availability of competitive human
                                                                       resources.

Dalam hal kompetensi teknis, Perseroan telah melakukan                 Regarding technical competencies, the Company has identified
identifikasi kamus kompetensi teknis, Kebutuhan Kompetensi             technical competency dictionaries, Job Competency Needs (JCN),




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Jabatan (KKJ), serta mengembangkan skema pengukuran                 and developed schemes for measuring employees’ technical
kompetensi teknis pekerja. Beberapa metode pengukuran               competencies. Some methods of measuring technical competency
technical competency yang telah dilakukan seperti metode tes        that have been implemented include written tests and interviews.
tertulis dan wawancara. Proses pengukuran technical competency      The technical competency measurement process is also carried
juga dilakukan dengan metode multiple assessor untuk                out using a multiple-assessor method to ensure objectivity in
memastikan objektivitas pada hasil pengukuran. Kegiatan tersebut    the measurement results. These activities are conducted in
dilakukan bekerja sama dengan assessor yang telah memiliki          collaboration with assessors certified by BNSP to ensure the
sertifikasi assessor dari BNSP untuk menjamin bahwa seluruh         accountability of the entire measurement process.
proses pengukuran yang dilakukan dapat dipertanggungjawabkan.

Sedangkan dalam hal behavior competency, Perseroan juga telah       In terms of behavioral competency, the Company has also gradually
melakukan pengukuran kompetensi pekerja secara bertahap             measured employees’ competencies using several approaches,
dengan menggunakan beberapa pendekatan, antara lain self            including self-assessment, panel assessment, and assessment
assessment, panel assessment, dan assessment center. Hasil          centers. The results of competency measurements are used as
pengukuran kompetensi akan digunakan sebagai bagian dari acuan      references in employee development. Behavioral competency
dalam pembinaan pekerja. Pengelolaan behaviour competency di        management in the Company refers to the Pertamina Behavior
Perseroan mengacu pada ketentuan Pertamina Behaviour Skill          Skill for the Future (BEST) regulations as a guide to behavioral
for the Future (BEST) sebagai panduan kompetensi perilaku yang      competencies divided into categories of employee levels:
dibagi berdasarkan kategori level pekerja:
a. Strategic Leader Competencies (SLC),                             a.   Strategic Leader Competencies (SLC)
b. Executive Leader Competencies (ELC),                             b.   Executive Leader Competencies (ELC)
c. Performance Leader Competencies (PLC),                           c.   Performance Leader Competencies (PLC)
d. Frontier Leader Competencies (FLC),                              d.   Frontier Leader Competencies (FLC)
e. Professional Contributor Competencies (PCC).                     e.   Professional Contributor Competencies (PCC)

Dari keseluruhan SDM di Perseroan yang telah melakukan              Overall, for all Company employees who have undergone
pengukuran behaviour competency, hasil yang didapatkan secara       behavioral competency measurements, the results generally
umum telah menunjukkan kesesuaian dengan level kebutuhan di         showed alignment with the level requirements in each position.
masing-masing jabatan.

Pemetaan Talenta                                                    Talent Mapping
Pemetaan pekerja bertalenta dilakukan dengan mengidentifikasi       Talent mapping is carried out by identifying employees in the
Pekerja di Perseroan ke dalam talent matrix, yang mengacu pada      Company and placing them into a talent matrix, which refers
kompetensi, kinerja, aspirasi serta karakter pekerja. Pemetaan      to competencies, performance, aspirations, and employee
ini berguna untuk memastikan talenta dapat ditempatkan sesuai       characteristics. This mapping is useful to ensure talent is placed
dengan strategi bisnis Perseroan. Termasuk, memastikan program      according to the Company’s business strategy. It also ensures that
pengembangan sesuai dengan kebutuhan spesifik yang telah            development programs are tailored to specific needs, making
diidentifikasi, sehingga pengembangan pekerja menjadi lebih         employee development more focused and efficient.
fokus dan efisien.

Selama tahun 2024, Fungsi Human Capital telah melakukan             During 2024, the Human Capital Function mapped 35% of the
pemetaan talent pool sebanyak 35% (656 dari total 1.868 pekerja),   talent pool (656 out of a total of 1,868 employees), grouped into
yang dikelompokkan dalam kategori:                                  the following categories:
1. High Flyer.                                                      1. High Flyer.
2. High Performer.                                                  2. High Performer.
3. High Potential.                                                  3. High Potential.
4. Key Performer.                                                   4. Key Performer.

Job Bidding Program                                                 Job Bidding Program
Pada tahun 2024, Perseroan tetap menjalankan program                In order to provide open opportunities for all employees to achieve
job bidding secara terintegrasi dengan anak Perseroan guna          career goals, the Company continued to implement an integrated
memberikan kesempatan yang terbuka bagi seluruh pekerja             job bidding program with its subsidiaries in 2024. This activity
untuk mencapai tujuan karier. Kegiatan ini merupakan mekanisme      serves as a mechanism for filling vacant positions by providing
pengisian posisi vacant dengan memberikan kesempatan terbuka        open and competitive opportunities for employees who have the




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dan kompetitif bagi pekerja yang memiliki kualifikasi yang          qualifications needed to participate in a transparent and objective
dibutuhkan untuk mengikuti proses seleksi secara transparan dan     selection process. The main objectives of this program include:
objektif. Tujuan utama program ini antara lain:
1. Mendapatkan new leaders yang potensial.                          1. Obtaining potential new leaders.
2. Memberikan kesempatan kepada seluruh pekerja Perseroan           2. Providing opportunities for all Company employees to become
    menjadi successor jabatan struktural yang vacant.                  successors for vacant structural positions.
3. Memacu akselerasi karier bagi pekerja berprestasi (meritocracy   3. Accelerating career progression for high-performing
    over seniority).                                                   employees (meritocracy over seniority).

Proses seleksi dalam program job bidding dilakukan melalui 3        The selection process in the job bidding program is carried out
(tiga) tahapan: seleksi administrasi, seleksi kompetensi, seleksi   through 3 (three) stages: administrative selection, competency
TOEIC, dan wawancara panel. Bagi yang berhasil melalui seluruh      selection, TOEIC selection, and panel interviews. For those who
tahapan dan menduduki jabatan yang dituju, akan diberikan masa      successfully pass all stages and occupy the desired positions, a
prajabatan selama 6 (enam) bulan sebelum ditetapkan sebagai         probationary period of 6 (six) months will be given before being
pejabat definitif atau sebaliknya.                                  appointed as permanent officials, or vice versa.

Program Pembelajaran                                                Learning Program
Penyelenggaraan pengembangan kompetensi dalam bentuk                The implementation of competency development in the form of
pelatihan di lingkungan Perseroan dilakukan oleh Fungsi HC          training within the Company is carried out by the HC Learning
Learning. Unit kerja ini bertanggung jawab untuk memastikan         Function. This unit is responsible for ensuring the implementation
penyelenggaraan program pelatihan dan pembelajaran, melakukan       of training and learning programs, evaluating employee
evaluasi terhadap kompetensi pekerja setelah mendapatkan            competencies after participating in training activities, and ensuring
kegiatan pelatihan dan memastikan adanya dokumentasi serta          the documentation and updating of employee learning materials
pemutakhiran materi pembelajaran pekerja dalam rangka               to support the improvement of the Company’s human resource
mendukung peningkatan kompetensi SDM Perseroan.                     competencies.

Pada tahun 2024, jumlah jam pembelajaran yang ditargetkan           In 2024, the number of learning hours targeted by the Company
oleh Perseroan mengalami penyesuaian berdasarkan arahan             has been adjusted based on the direction of the Upstream Sub-
dari Subholding Upstream. Fokus utama diarahkan pada                holding. The main focus is on the development of self-learning
pengembangan jam pembelajaran mandiri (self-learning hours)         hours to foster a culture of self-learning among Workers. The self-
untuk menumbuhkan budaya belajar mandiri di kalangan Pekerja.       learning hours component is designed to provide flexibility and
Komponen self-learning hours dirancang untuk memberikan             diversity in learning, including:
fleksibilitas dan keberagaman dalam pembelajaran, meliputi:
1. Mobile Learning/E-Learning                                       1. Mobile Learning/E-Learning
    Metode pembelajaran yang dilakukan melalui metode                  A learning method conducted through mobile learning (EPS
    mobile learning (EPS Library/portal lainnya yang difasilitasi      Library/other portals facilitated by the Company) and PCU
    Perusahaan) dan E-learning PCU.                                    E-learning.
2. Leaders Forum/Leaders Insight                                    2. Leaders Forum/Leaders Insight
    Pembelajaran secara tatap muka ataupun online berupa               Face-to-face or online learning in the form of learning
    pembelajaran yang diberikan oleh experts dalam bentuk              provided by experts through sharing experiences, insights, or
    sharing pengalaman, insight, ataupun inspirational thoughts        inspirational thoughts initiated independently by the worker.
    yang diikuti atas inisiasi pekerja secara mandiri.
3. Pengajar/Narasumber                                              3. Lecturer/Narrator
    Pembelajaran melalui pemberian materi pengajaran dalam             Learning through the provision of teaching materials. In this
    hal ini pekerja bertindak sebagai narasumber pengetahuan,          case, the employee acts as a resource person for knowledge,
    pengalaman, kasus yang diberikan untuk pihak internal              experience, and cases provided to internal and external parties
    maupun eksternal dalam bentuk sharing knowledge,                   in the form of knowledge sharing, socialization, workshops,
    sosialisasi, workshop, dan lainnya yang bersifat menambah          and others that add to knowledge.
    pengetahuan
4. Forum Webinar                                                    4. Webinar Forum
    a. Forum KOMET Webinar dalam rangka menambah                       a. KOMET Webinar Forum to broaden insights and
          wawasan dan ilmu pengetahuan.                                   knowledge.
    b. Pertamina Online Learning & Sharing (POLS).                     b. Pertamina Online Learning & Sharing (POLS).
    c. Webinar yang dilaksanakan selain KOMET Webinar dan              c. Webinars conducted other than KOMET Webinar and
          POLS, atau oleh pihak eksternal dalam rangka menambah           POLS, or by external parties to gain insight and knowledge.
          wawasan dan ilmu pengetahuan.




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5. Self Study. Pembelajaran pribadi untuk menambah                             5. Self-Study. Personal learning to increase knowledge/skills
   pengetahuan/keterampilan dan pengembangan lain dalam                           and other development through reading books, journals,
   bentuk baca buku, journal, e-learning, mobile learning, dan                    e-learning, mobile learning, and Podcasts.
   podcast.
6. Training/Sertifikasi Mandiri. Training/sertifikasi atas inisiasi            6. Self-Training/Certification. Training/certification at the
   dan biaya pribadi pekerja.                                                     worker’s initiative and expense.
7. Sharing Session. Kegiatan pembelajaran berbagi pengalaman,                  7. Sharing Session, Learning activities to share experiences,
   pengetahuan, atau wawasan dari pekerja internal maupun                         knowledge, or insights from internal workers and external
   pihak eksternal kepada pekerja Perseroan yang dilaksanakan                     parties with the Company’s Workers, which are carried out
   secara tatap muka atau daring.                                                 face-to-face or online.
8. Coaching & Mentoring (di luar coaching IDP). Setiap proses                  8. Coaching & Mentoring (excluding IDP coaching). Any coaching/
   coaching/mentoring (offline & online) yang melibatkan                          mentoring process (offline & online) involving employees as
   pekerja sebagai coach/mentor maupun coachee/mentee,                            coaches/mentors and coaches/mentees, as well as external
   serta coach/mentor eksternal maupun internal dalam rangka                      and internal coaches/mentors in the context of developing
   pengembangan kompetensi pekerja.                                               employee competencies.

Melalui penerapan self-learning hours, Perseroan berharap dapat                Through the implementation of self-learning hours, the Company
menciptakan SDM yang adaptif, inovatif, dan memiliki budaya                    hopes to develop human resources that are adaptive, innovative,
belajar yang berkelanjutan. Langkah ini menjadi bukti nyata                    and have a culture of continuous learning. This step is clear proof
komitmen Perseroan dalam mendukung pengembangan talenta                        of the Company’s commitment to supporting the development of
yang selaras dengan kebutuhan bisnis masa depan.                               talents that are in line with future business needs.

Jumlah jam belajar mandiri Pekerja Perseroan dalam 3 (tiga) tahun              The number of self-learning hours of the Company’s employees in
terakhir adalah sebagai berikut:                                               the last 3 (three) years is as follows:


                       Jam Belajar Mandiri (jam)                                                Pertumbuhan Man Hour Pelatihan (%)
                       Self Learning Hours (hours)                                                  Training Man Hour Growth (%)
          2024                    2023                       2022                      2024                       2023                     2022
        197.470                  104.246                    318.175                     89                        (67)                      28,5


Tabel di atas menunjukkan adanya peningkatan jam belajar mandiri               The table above shows an increase in Workers’ self-learning
Pekerja. Hal ini disebabkan karena adanya penambahan aktivitas                 hours. It is due to the addition of learning activities, including the
pembelajaran, termasuk penguatan pembelajaran mandiri melalui                  strengthening of self-learning through mobile learning platforms
platform mobile learning serta peningkatan jumlah agenda                       as well as an increase in the number of knowledge sharing
sharing knowledge yang diselenggarakan oleh fungsi HC Learning                 agendas organized by the HC Learning function compared to the
dibandingkan dengan tahun sebelumnya.                                          previous year.

Kegiatan belajar mandiri Pekerja Perseroan selama 3 (tiga) tahun               The Company’s Workers self-learning activities for the last 3
terakhir tersaji dalam tabel di bawah ini:                                     (three) years are presented in the table below:


                                         Jam Belajar Mandiri (jam)                          Persentase (%)
              Uraian                     Self Learning Hours (hours)                        Percentage (%)                         Description
                                     2024            2023           2022        2024            2023           2022
 Mobile Learning/E-Learning           58.882          22.588          33.403         161            (32)              3      Mobile Learning/E-Learning
 Leaders Forum/Leaders Insight              71              30          257          137            (88)              30   Leaders Forum/Leaders Insight
 Pengajar/Narasumber                     6.284              84         2.652       7381             (97)              4          Lecturer/Source Person
 Forum Webinar                        13.522          17.095          71.764        (21)            (76)              89                 Forum Webinar
 Self Study                           21.715          29.715          95.156        (27)            (69)              60                       Self Study
 Training/Sertifikasi Mandiri               72              0              0         100               0              0        Self-Training/Certification
 Sharing Session                      94.931          26.018        113.502          265            (77)              12                 Sharing Session
 Coaching Mentoring                      1.983         8.716           1.441        (77)            505               30            Coaching Mentoring
 Jumlah                              197.460         104.246        318.175            89           (67)          28,5                              Total




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Selain memperkuat program belajar mandiri, Perseroan tetap                 In addition to strengthening self-learning programs, the Company
berkomitmen untuk meningkatkan kapabilitas Sumber Daya                     remains committed to improving the capabilities of its Human
Manusia (SDM) secara berkelanjutan. Komitmen ini diwujudkan                Resources (HR) on an ongoing basis. This commitment is
melalui pelaksanaan berbagai program pelatihan dan sertifikasi             realized through various training and certification programs to
guna mendukung pengembangan kompetensi pekerja sesuai                      support the development of employee competencies according
kebutuhan bisnis. Pada tahun 2024, realisasi biaya pengembangan            to business needs. In 2024, the realization of HR competency
kompetensi SDM mencapai Rp29,4 miliar, meningkat signifikan                development costs reached Rp29.4 billion, a significant increase
sebesar 60% dibandingkan dengan tahun 2023 yang tercatat                   of 60% compared to 2023, which was recorded at Rp18.3 billion.
sebesar Rp18,3 miliar. Kenaikan ini mencerminkan komitmen                  This increase reflects the Company’s commitment to investing in
Perseroan dalam berinvestasi pada pengembangan talenta                     talent development to support the achievement of the Company’s
guna mendukung pencapaian visi strategis perusahaan serta                  strategic vision and ensure the readiness of HR to face dynamic
memastikan kesiapan SDM menghadapi tantangan bisnis                        business challenges.
yang dinamis.

Rincian realisasi investasi untuk biaya pelatihan Perseroan dalam 3        Details of investment realization for the Company’s training costs
(tiga) tahun terakhir tersaji pada tabel di bawah ini.                     in the last 3 (three) years are presented in the table below.


                      Biaya Pelatihan (Rp juta)                                            Pertumbuhan Biaya Pelatihan (%)
                      Training Cost (Rp billion)                                               Training Cost Growth (%)
         2024                   2023                      2022                   2024                   2023                   2022
        29.452                 18.372                     8.712                    60                    111                   (14)



                                               BIAYA PELATIHAN
                                               Training Cost
                                               Rp juta | Rp million


                                                          8.712       18.372     29.452




                                                          2022        2023        2024




Berdasarkan tabel di atas, terlihat bahwa biaya pelatihan di               Based on the table above, it can be seen that training costs in
tahun 2024 mengalami kenaikan sebesar 60% jika dibandingkan                2024 have increased by 60% when compared to the previous year.
dengan tahun sebelumnya. Kenaikan ini mencerminkan komitmen                This increase reflects the Company’s commitment to improve the
Perseroan untuk meningkatkan kualitas SDM, sehingga terdapat               quality of human resources, so that there are additional learning
penambahan aktivitas pembelajaran pekerja Perseroan khususnya              activities for the Company’s workers, especially those focused on
yang difokuskan kepada kompetensi Leadership, yaitu Elnusa                 Leadership competencies, namely the Elnusa Leader Development
Leader Development Program (4 batch), beserta program                      Program (4 batches), along with technical competency
pengembangan kompetensi teknis berupa program academy                      development programs in the form of academy programs aimed
yang ditujukan sebagai upskilling dan refreshment pengetahuan              at upskilling and refreshing the knowledge of the company’s
pekerja perseroan dan anak perusahaan. selain itu dilakukan juga           workers and subsidiaries. in addition, there were also 3 batches
program masa persiapan pensiun sebanyak 3 batch bertujuan                  of retirement preparation programs aimed at helping workers
untuk membantu pekerja untuk mempersiapkan diri menuju masa                prepare for retirement.
purna bakti.




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Perseroan memberikan kesempatan yang sama bagi segenap                The Company provides equal opportunities for all HR at every
SDM di setiap level/jenjang jabatan untuk mendapatkan program         level/position level to obtain learning programs. The Company’s
pembelajaran. Pengembangan kompetensi SDM Perseroan tidak             HR competency development is not only provided for the level of
hanya diberikan untuk level pekerja yang bekerja di proyek-proyek     workers who work on the Company’s projects but also for all HR at
Perseroan, tetapi juga untuk seluruh SDM di setiap jenjang jabatan.   every position level.

Komposisi jam pembelajaran atau man hour pelatihan                    The composition of learning hours or training man hours by
berdasarkan jenjang jabatan dalam 3 (tiga) tahun terakhir adalah      position level in the last 3 (three) years is as follows:
sebagai berikut:


                                     Jam Belajar Mandiri (jam)                      Persentase (%)
             Uraian              Independent Learning Hours (hours)                 Percentage (%)                       Description
                                   2024        2023         2022       2024             2023           2022
 Direktur                              124         126          511           (2)           (75)              0                        Director
 Wakil Presiden Direktur             1.716        1.481       1.406           16               5              1                Vice President
 Senior Manager                      5.837        2.805       6.216        108              (55)              5               Senior Manager
 Manager                            16.941        5.894      17.125        187              (66)              13                       Manager
 Assistant Manager                  24.897      15.438       87.658           61            (82)              24           Assistant Manager
 Staff/Officer                     147.945      78.502      205.259           88            (62)              57                 Staff/Officer
 Jumlah                            197.460     104.246      318.175           89            (67)          28,5                          Jumlah


Secara umum, dari tabel di atas dapat disimpulkan bahwa               Generally, from the table above, it can be concluded that the
Perseroan memiliki komitmen yang tinggi dalam pengembangan            Company has a high commitment to the development of human
SDM bagi semua level pekerja. Fokus pembelajaran untuk                resources (HR) for all levels of employees. The learning focus for
pekerja level manajer ke atas adalah membangun kompetensi             managers and above is on building managerial competencies.
manajerial. Sedangkan fokus untuk pekerja level junior manager        Meanwhile, the focus for junior managers and below is on fulfilling
ke bawah adalah untuk pemenuhan kompetensi dalam                      competencies in project implementation.
melaksanakan proyek.

Akademi Elnusa                                                        Elnusa Academy
Akademi Elnusa adalah program pembelajaran komprehensif               Elnusa Academy is a comprehensive learning program using a
melalui metode blended learning (10% in class training, 20%           blended learning method (10% in-class training, 20% coaching
coaching mentoring, dan 70% assignment). Metode ini bertujuan         mentoring, and 70% assignment). This method aims to upskill
untuk upskilling kompetensi teknis pekerja. Selama tahun 2024,        employees’ technical competencies. During 2024, the Company
Perseroan menyelenggarakan 14 (empat belas) program Elnusa            organized 14 (fourteen) Elnusa Academy programs, namely:
Academy, yaitu:
1. Elnusa Leaders Development Program (ELDP)                          1. Elnusa Leaders Development Program (ELDP)
    Program Pengembangan ELDP 2024 ditujukan kepada                      The ELDP 2024 Development Program is aimed at all structural-
    seluruh pekerja di level struktural, baik di Perseroan maupun        level employees, both in the Company and its subsidiaries, to
    Anak Perusahaan agar mampu mengelola, memotivasi dan                 be able to manage, motivate, and direct the team to achieve
    mengarahkan tim guna mencapai target pertumbuhan dalam               the growth targets in the Company’s RJPP and the vision and
    RJPP Perusahaan serta visi misi menjadi “Perusahaan Jasa             mission of becoming “A Leading Energy Services Company
    Energi Terkemuka yang Memberikan Solusi Total”. Program              that Provides Total Solutions.” The learning program in ELDP
    pembelajaran dalam ELDP mencakup lima topik pembelajaran             includes five main learning topics arranged comprehensively,
    utama yang disusun secara komprehensif, yaitu Leadership             namely Leadership Capability, Corporate Values Program, Risk
    Capability, Corporate Values Program, Risk & Compliance              & Compliance Awareness, Self-Motivation & Nation Character
    Awareness, Self Motivation & Nation Character Building, HSSE         Building, HSSE Awareness, and Business Process & Continuous
    Awareness, serta Business Process & Continuous Improvement.          Improvement. The ELDP 2024 program has been implemented
    Program ELDP 2024 ini telah dilaksanakan dalam 4 batch               in four batches with 119 participants.
    dengan total peserta sebanyak 119 pekerja.
2. Wireline School                                                    2. Wireline School
    a. Junior Field Engineer (JFE) School                                a. Junior Field Engineer (JFE) School
        Program akademi yang ditujukan kepada pekerja new                   An academy program aimed at new hires in the Upstream
        hire pada divisi Upstream Services departemen Wireline              Services division of the Wireline Services department with




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        Services dengan level jabatan setingkat Junior Field               a position level of Junior Field Engineer. This academy
        Engineer. Akademi ini bertujuan untuk meningkatkan                 aims to improve the competence and knowledge of Junior
        kompetensi dan pengetahuan Junior Field Engineer Trainee           Field Engineer Trainees to create competent engineers.
        dalam rangka menciptakan engineer yang kompeten.                   Throughout 2024, 2 (two) batches were held and 13
        Sepanjang tahun 2024 telah terlaksana sebanyak 2 (dua)             trainees graduated from new recruitment in the Wireline
        batch dan meluluskan 13 trainee hasil rekrutmen baru               Services Business Line.
        pada Business Line Wireline Services.
   b. Junior Operator Wireline Logging School                         b. Junior Operator Wireline Logging School
        Program akademi yang ditujukan kepada pekerja new hire             An academy program aimed at new hires and existing
        dan existing pada divisi Upstream Services departemen              employees in the Upstream Services division of the
        Wireline Services dengan level jabatan setingkat Junior            Wireline Services department with a position level of
        Operator. Akademi ini bertujuan untuk meningkatkan                 Junior Operator. This academy aims to improve the
        kompetensi dan pengetahuan Junior Operator Wireline                competence and knowledge of Wireline Junior Operators
        dalam rangka menciptakan operator yang kompeten.                   to create competent operators. The activity was attended
        Kegiatan tersebut diikuti oleh 9 (sembilan) pekerja (5             by 9 (nine) workers (5 (five) new hires and 4 (four) existing
        (lima) new hire dan 4 (empat) existing) hasil rekrutmen            workers) as a result of new recruitment in the Wireline
        baru pada Business Line Wireline Services.                         Services Business Line.
3. Mud School                                                      3. Mud School
   Program akademi yang ditujukan kepada karyawan new hire            An academy program aimed at new hires in the Upstream
   pada divisi Upstream Services Department Drilling & Workover       Services Department Drilling & Workover Services division and
   Services dan existing yang memiliki potensi menjadi Drilling       existing employees who have the potential to become Drilling
   Fluids Engineer (Mud Engineer). Program ini bertujuan untuk        Fluids Engineer (Mud Engineer). This program aims to support
   mendukung pengembangan kompetensi dan pengetahuan                  the development of Mud Engineer Trainee’s competency
   Mud Engineer Trainee. Program ini terdiri dari 2 (dua) bagian      and knowledge. The program consists of 2 (two) main parts,
   utama, yaitu sesi kelas teori yang membahas konsep drilling        namely theoretical classroom sessions that discuss the
   fluids, fungsi lumpur pengeboran, reologi, pengelolaan HSE,        concept of drilling fluids, drilling mud functions, rheology, HSE
   hingga manajemen limbah, serta praktik laboratorium yang           management, and waste management, as well as laboratory
   melibatkan pengujian lumpur pengeboran berbasis air dan            practices involving water-based and non-aqueous drilling mud
   non-aqueous, pencampuran fluida, dan pengujian properti            testing, fluid mixing, and specialized property testing. The
   khusus. Program ini diikuti dan meloloskan 20 pekerja (12 new      program was graduated 20 workers (12 new hires and 8 (eight)
   hire dan 8 (delapan) existing).                                    existing employees).
4. Rig Superintendent & Supervisor Refreshment Program (SRP)       4. Rig Superintendent & Supervisor Refreshment Program (SRP)
   Program akademi yang dirancang untuk memperbarui,                  An academy program designed to update, strengthen,
   memperkuat, dan meningkatkan kompetensi serta                      and improve workers’ competencies and knowledge in Rig
   pengetahuan pekerja pada posisi Rig Superintendent dan Rig         Superintendent and Rig Supervisor positions within the
   Supervisor dalam unit bisnis Hydraulic Workover. Program ini       Hydraulic Workover business unit. The program includes
   mencakup 3 (tiga) tahap pembelajaran, 2 (dua) di antaranya         3 (three) stages of learning, 2 (two) of which have been
   telah berjalan di tahun 2024, yaitu Technical Classroom            running in 2024, namely Technical Classroom Training, which
   Training yang berfokus pada pengisian gap kompetensi               focuses on filling competency gaps in the fields of Hydraulics
   di bidang Hydraulics Well Services, Completion Fluid,              Well Services, Completion Fluid, Instrumentation System,
   Instrumentation System, Workover Services Improvement              Workover Services Improvement & Expansion Activities,
   & Expansion Activities, Standard Operating Procedure and           Standard Operating Procedure and Work Instruction and HSSE
   Work Instruction dan HSSE Session yang merupakan pelatihan         Session which is a classroom training on HSSE Leadership and
   classroom mengenai HSSE Leadership serta Safety Awareness.         Safety Awareness. The third phase of this learning program
   Tahap ketiga pada program pembelajaran ini akan dilakukan          will be conducted by 2025, namely LMS Online Training for
   pada tahun 2025 yaitu LMS Online Training untuk sesi               refreshment sessions related to 22 Worker competencies in
   refreshment terkait 22 kompetensi Pekerja sesuai dengan            accordance with the Technical Competency Dictionary. This
   Kamus Kompetensi Teknis yang dimiliki. Program ini diikuti         program was attended by 31 Rig Superintendent workers and
   oleh 31 pekerja posisi Rig Superintendent dan 32 pekerja           32 Rig Supervisor workers.
   posisi Rig Supervisor.
5. Marketing Academy                                               5. Marketing Academy
   Program akademi yang ditujukan untuk meningkatkan                  An academy program aimed at enhancing the capabilities of
   kapabilitas seluruh pekerja tim Sales, Marketing, dan              all Sales, Marketing, and Business Development team workers
   Business Development melalui pelatihan terstruktur berbasis        through structured competency-based training. Starting with
   kompetensi. Dimulai dengan pelatihan fundamental                   fundamental training to build a thorough understanding




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   untuk membangun pemahaman dasar yang menyeluruh,                   of the basics, the program continues with a comprehensive
   program ini dilanjutkan dengan asesmen komprehensif                assessment that identifies participants’ true potential, in line
   yang mengidentifikasi true potential peserta, sesuai tema          with the Marketing Academy 2024 theme. Participants are
   Marketing Academy 2024. Peserta diarahkan ke jalur                 directed to specific learning paths and tested through applied
   pembelajaran spesifik dan diuji melalui tugas aplikatif yang       tasks that measure technical skills as well as the application of
   mengukur kemampuan teknis serta penerapan pengetahuan              knowledge on the job.
   dalam bekerja.
6. HSSE Academies, terdiri dari 4 (empat) program utama,           6. HSSE Academies, consisting of 4 (four) main programs,
   antara lain:                                                       including:
   a. HSSE 101 Academy                                                a. HSSE 101 Academy
       Program peningkatan kompetensi dan engagement                      A tiered competency and engagement improvement
       berjenjang untuk pekerja level Manager, General Manager,           program for Manager, General Manager, Senior Manager,
       Senior Manager, Vice President. Program ini bertujuan              and Vice President-level employees. This program aims
       untuk meningkatkan awareness HSE kepada key person                 to increase HSE awareness among key persons in each
       di setiap fungsi terutama pekerja yang memiliki bawahan            function, especially workers who have subordinates,
       serta meningkatkan engagement HSE kepada pekerja                   and increase HSE engagement with manager-level
       setingkat manajer agar dapat menjadi kepanjangan tangan            workers so that they can become an extension of the
       dari Divisi HSSE dalam mempromosikan Keselamatan                   HSSE Division in promoting Safety in the workplace. This
       di tempat kerja. Program ini tersebut dilaksanakan                 program was conducted using a self-learning method as
       dengan metode pembelajaran mandiri (self learning),                well as assignments. The program was attended by 160
       serta pemberian penugasan (assignments). Program ini               employees from the HSSE Division of the Company and its
       diikuti oleh 160 pekerja dari Divisi HSSE Perseroan dan            subsidiaries.
       entitas anak.
   b. HSSE+ Gen 1 Academy                                             b. HSSE+ Gen 1 Academy
       Program akademi yang ditujukan untuk memperdalam                  An academy program aimed at deepening the level of
       level pengetahuan yang diikuti oleh tim HSSE yang pernah          knowledge attended by HSSE teams who participated in
       berpartisiapsi dalam pelatihan HSSE+ pada tahun 2022              the HSSE+ training in 2022 and 2023. This program aims to
       dan 2023. Program ini bertujuan untuk memberikan                  refresh and improve soft and technical skills competencies
       penyegaran dan peningkatan kompetensi softskill dan               that focus on the HSSE scope to support performance in
       technical skills yang berfokus pada lingkup HSSE guna             the HSSE function. The program was conducted offline
       mendukung kinerja pada fungsi HSSE. Program ini                   with lectures, interactive discussions, and workshops
       dilakukan secara offline dengan metode pembelajaran               learning methods. The program was attended by 24
       kuliah, diskusi interaktif, dan workshop. Program ini             employees from the HSSE Division of the Company and its
       diikuti oleh 24 pekerja dari Divisi HSSE Perseroan dan            subsidiaries.
       entitas anak.
   c. HSSE+ Gen 2 Academy                                             c. HSSE+ Gen 2 Academy
       Program akademi ini dirancang untuk mengenalkan                   This academy program was designed to introduce Elnusa’s
       proses bisnis Elnusa dengan fokus pada fungsi                     business processes with a focus on Finance, Marketing,
       Finance, Marketing, Asset Management, Supply Chain                Asset Management, Supply Chain Management, Human
       Management, Human Capital, dan Management Tools.                  Capital, and Management Tools functions. The program
       Ditujukan untuk tim HSSE, program ini melibatkan 20               was aimed at the HSSE team and involved 20 participants
       peserta dari Perseroan dan entitas anak. Seluruh modul            from the Company and its subsidiaries. All modules were
       dipelajari oleh setiap peserta secara menyeluruh,                 thoroughly studied by each participant, accompanied
       didampingi oleh trainer yang merupakan ahli di bidangnya.         by trainers who are experts in their fields. The trainers
       Para trainer tidak hanya memberikan pelatihan tetapi juga         not only provided training but also acted as mentors,
       bertindak sebagai mentor, membimbing presentasi akhir             guiding the final presentation of each group, representing
       dari setiap kelompok yang mewakili fokus masing-masing            the focus of each module. The program aims to build
       modul. Program ini bertujuan membangun pemahaman                  comprehensive understanding and cross-functional
       komprehensif dan kolaborasi lintas fungsi, mendukung              collaboration, supporting the strengthening of strategic
       penguatan kompetensi strategis dalam organisasi.                  competencies within the organization.
   d. Joint Sharing Session HSE Operation                             d. Joint Sharing Session HSE Operation
       Program ini ditujukan bagi seluruh tim HSSE dari                  This program is intended for all HSSE teams from the
       Perseroan dan entitas anak, dengan fokus pada penguatan           Company and its subsidiaries, focusing on strengthening
       soft skills yang mendukung optimalisasi proses kerja              soft skills that support the optimization of work processes
       serta memperluas wawasan peserta. Diselenggarakan                 and broaden participants’ horizons. The sharing sessions
       secara daring, sesi berbagi ini menghadirkan pembicara            are organized online and feature internal and external




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        ahli, baik dari internal maupun eksternal, yang berbagi             expert speakers who share their knowledge and
        pengetahuan dan pengalaman sesuai bidang keahliannya                experience in their fields of expertise to support the
        untuk mendukung pengembangan kompetensi tim HSSE                    overall competency development of the HSSE team.
        secara menyeluruh.
7. Controller Academy                                               7. Controller Academy
   Program Akademi ini ditujukan kepada tim controller yang            The Academy program is aimed at the controller team and
   dirancang untuk memperkuat kompetensi melalui tiga fokus            is designed to strengthen competencies through three main
   utama. Pertama, general knowledge dengan pelatihan yang             focuses. First, general knowledge with training focusing on
   berfokus untuk mengenalkan proses bisnis Elnusa. Kedua,             introducing Elnusa’s business processes. Second, technical
   pengembangan technical skills melalui program unggulan              skills development through the flagship Brevet A & B program,
   Brevet A & B yang dilaksanakan secara berjenjang hingga             which is implemented in stages until participants obtain
   peserta memperoleh sertifikasi Certified Tax Technician (CTT).      Certified Tax Technician (CTT) certification. Third, training
   Ketiga, pelatihan yang berfokus pada financial accounting,          focuses on financial accounting, providing an in-depth
   memberikan pemahaman mendalam mengenai prinsip-                     understanding of financial accounting principles to improve
   prinsip akuntansi keuangan untuk meningkatkan akurasi dan           the accuracy and transparency of the Company’s financial
   transparansi laporan keuangan perusahaan.                           statements.
8. Learning and Fit Academy                                         8. Learning and Fit Academy
   Program Akademi ini ditujukan bagi seluruh personel                 This Academy program is aimed at all Finance & Treasury
   Finance & Treasury Perseroan, dengan pendekatan holistik            employees of the Company, with a holistic approach that not
   yang tidak hanya berfokus pada penguatan technical skills,          only focuses on strengthening technical skills but also covers
   tetapi juga mencakup pengetahuan umum terkait HSSE dan              general HSSE-related knowledge and soft skills development.
   pengembangan soft skills. Diselenggarakan secara hybrid,            The program is organized in a hybrid manner, combining
   program ini menggabungkan metode classroom, praktik                 classroom, direct practice and mentoring methods, thus
   langsung dan pendampingan melalui sesi mentoring, sehingga          ensuring comprehensive and applicable learning to support
   memastikan pembelajaran yang komprehensif dan aplikatif             the overall improvement of employee competencies.
   untuk mendukung peningkatan kompetensi personel secara
   menyeluruh.
9. Quality Academy                                                  9. Quality Academy
   Program Akademi ini dirancang untuk meningkatkan                    This Academy program is designed to improve the competence
   kompetensi seluruh tim Quality Management (QM) internal             of the entire internal Quality Management (QM) team of
   Perseroan dan entitas anak, serta memperdalam pemahaman             the Company and its subsidiaries, as well as deepen cross-
   lintas fungsi terkait dengan pilar Quality Management.              functional understanding related to the Quality Management
   Program ini bertujuan menyelaraskan pemahaman terhadap              pillars. The program aims to align the comprehension of
   program kerja dan kompetensi teknis QM, menetapkan                  QM work programs and technical competencies, establish
   learning path yang konsisten dan memastikan regenerasi              a consistent learning path, and ensure optimal knowledge
   pengetahuan berjalan optimal. Selain itu, pelatihan ini fokus       regeneration. In addition, this training focuses on improving
   meningkatkan pemahaman PIC Fungsi dan auditee mengenai              the understanding of Function PICs and auditees regarding
   kualitas, proses bisnis, dan implementasi ISO, sehingga             quality, business processes, and ISO implementation.
   mereka tidak hanya memenuhi persyaratan dokumen, tetapi             Thus, they not only meet document requirements but also
   juga memahami esensi dan menjalankan program kualitas               understand the essence and run quality programs effectively.
   secara efektif.

Coaching & Mentoring Program                                        Coaching & Mentoring Program
Perseroan dan Sub Holding Upstream terus menggalakkan               The Company and its Sub Holding Upstream continue to promote
program coaching & mentoring dalam rangka pengembangan              coaching & mentoring programs for employee capability
kapabilitas pekerja. Program tersebut dilakukan melalui platform    development. These programs are carried out through the
digital Elnusa Coaching Mentoring Academy (ECMA). Aplikasi          digital platform Elnusa Coaching Mentoring Academy (ECMA).
ini memudahkan pekerja untuk melakukan kegiatan coaching &          This application facilitates employees to engage in coaching &
mentoring, karena bisa dilakukan di mana saja dan kapan saja        mentoring activities, as it can be done anywhere and anytime,
serta memastikan semua aset pengetahuan dapat terdokumentasi        ensuring that all knowledge assets are well documented. In 2024,
dengan baik. Pada tahun 2024, tercatat 179 pairing pelaksanaan      there were 179 pairs involved in coaching & mentoring activities
kegiatan coaching & mentoring di lingkungan Elnusa Group.           within the Elnusa Group.

Sistem Manajemen Pengetahuan                                        Knowledge Management System
Dalam rangka menghindari hilangnya aset pengetahuan intelektual     In order to prevent the loss of intellectual knowledge assets when
ketika seorang pekerja meninggalkan Perseroan, sejak tahun 2017     an employee leaves the Company, since 2017, the Company




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Perseroan terus memperkuat knowledge management system                has been strengthening its knowledge management system
untuk mendokumentasikan aset pengetahuan (explicit dan tacit          to document the knowledge assets (both explicit and tacit
knowledge) yang dimiliki oleh SDM Perseroan. Kegiatan ini telah       knowledge) held by its employees. This activity has been carried
dilakukan secara berkelanjutan hingga sekarang.                       out continuously until now.

Aset pengetahuan dimuat dalam portal knowledge management             Knowledge assets are loaded into the knowledge management
yang terintegrasi dengan pengelolaan aset pengetahuan yang            portal integrated with knowledge asset management managed
dikelola oleh PT Pertamina (Persero). Selain melalui portal KOMET     by PT Pertamina (Persero). In addition to the KOMET portal
(knowledge management), Perseroan juga memiliki platform              (knowledge management), the Company also has the EPS E-Library
EPS E-Library, perpustakaan elektronik yang berfungsi untuk           platform, an electronic library designed to store all knowledge
menyimpan seluruh aset pengetahuan, serta mendistribusikan            assets and distribute that knowledge to employees in need.
pengetahuan tersebut kepada pekerja yang membutuhkan.

Sesi berbagi Pengetahuan                                              Sharing Session
Perseroan melalui Fungsi HC Learning menyelenggarakan program         Through the HC Learning Function, the Company organizes
sharing knowledge sebagai wadah pertukaran ide, pengetahuan,          knowledge-sharing programs as a forum for exchanging ideas,
dan informasi di antara pekerja. Program ini diselenggarakan secara   knowledge, and information among employees. This program is
rutin setiap minimal 2 (dua) kali dalam sebulan, dengan topik         held regularly, twice a month with various topics still relevant to
bervariasi namun tetap relevan dengan core business Perseroan.        the Company’s core business.

Narasumber program sharing session diisi oleh pemateri internal,      The speakers for the sharing session program consist of internal
yaitu pekerja Perseroan, dan pemateri eksternal, yaitu public         speakers, i.e., Company employees, and external speakers, such
figure, praktisi, dan sosok inspiratif yang mampu memberikan          as public figures, practitioners, and inspirational figures who
wawasan bagi pekerja Perseroan. Pada tahun 2024, Elnusa               can provide insights to Company employees. In 2024, Elnusa
berkontribusi melakukan sharing knowledge di lingkungan               contributed to knowledge-sharing activities within PT Pertamina
PT Pertamina (Persero) dan Sub Holding Upstream dengan jumlah         (Persero) and Sub Holding Upstream, with 10 topics in centralized
topik sharing sebanyak 10 topik dalam kegiatan KOMET webinar          webinar KOMET events and 37 topics in local KOMET forums.
terpusat dan 37 topik pada forum KOMET lokal.

Perseroan juga mengadakan program Elnusa Leader Sharing &             The Company also organizes the Elnusa Leader Sharing & Action
Action (ELSA), sebuah program CSR Perseroan yang berfokus             (ELSA) program, a Company CSR program focused on education. In
pada edukasi. Dalam program itu, jajaran manajemen Perseroan          this program, Company management provides knowledge sharing
memberikan sharing knowledge kepada mahasiswa di sejumlah             to students at several universities in Indonesia. This program was
universitas di Indonesia. Program ini terselenggara sebanyak 4        held at 4 (four) in 2024.
(empat) di tahun 2024.

Sistem Pengelolaan Kinerja                                            Performance Management System
Dalam rangka menyelaraskan kinerja individu dengan visi, misi,        In order to align individual performance with the Company’s
strategi, serta proses bisnis, Perseroan menerapkan Sistem            vision, mission, strategy, and business processes, the Company
Pengelolaan Kinerja (SPK) yang mampu menyelaraskan kinerja            implements a Performance Management System (PMS) capable
Perseroan. Pada tahun 2024, Perseroan telah berhasil melakukan        of aligning company performance. In 2024, the Company
cascading dan alignment Key Performance Indicator (KPI) dari          successfully cascaded and aligned Key Performance Indicators
korporasi hingga ke level individu pekerja menggunakan aplikasi       (KPIs) from corporate to individual employee levels using an online
Performance Management System (PMS) secara online yang juga           Performance Management System (PMS) application, which also
dapat membantu memberikan gambaran pencapaian kinerja                 helps provide real-time insights into employee and Company
Pekerja dan Perseroan secara real time.                               performance achievements.

Secara umum, proses dalam Sistem Pengelolaan Kinerja (SPK)            Overall, the process in the Company’s Performance Management
Perseroan adalah sebagai berikut:                                     System (PMS) is as follows:

Perencanaan Kinerja                                                   Performance Planning
KPI Perseroan (level korporasi) ditetapkan dan ditandatangani         The Company’s KPIs (corporate level) are set and signed by
oleh seluruh Direksi pada awal tahun. KPI tersebut menjadi dasar      all Directors at the beginning of the year. These KPIs form the
proses cascading KPI ke seluruh unit bisnis sampai level individu     basis of the KPI cascading process to all business units down to
pekerja, baik di Perseroan maupun di anak usaha.                      the individual employee level, both in the Company and in its
                                                                      subsidiaries.




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Monitoring Kinerja                                                     Monitoring Kinerja
Monitoring atas kinerja Perseroan di level korporasi dan unit bisnis   Monitoring of the Company’s performance at the corporate,
serta anak usaha dilakukan menggunakan aplikasi Performance            business unit, and subsidiary levels is carried out using the
Management Online, yaitu suatu sistem monitoring pencapaian            Performance Management Online application, a web and app
kinerja berbasis web dan apps yang berisi KPI Perseroan. Update        based performance achievement monitoring system containing
data pencapaian indikator kinerja pada Dashboard KPI dilakukan         the Company’s KPIs. Data updates on performance indicator
setiap saat, sehingga dapat dimonitor secara real time.                achievements on the KPI Dashboard are done in real-time,
                                                                       allowing for real-time monitoring.

Penilaian Kinerja                                                      Performance Evaluation
Penilaian kinerja Perseroan di level korporasi dan unit bisnis serta   Performance evaluation of the Company at the corporate, business
anak perusahaan dilakukan menggunakan aplikasi Performance             unit, and subsidiary levels is conducted using the Performance
Management System (PMS) Online yang secara otomatis                    Management Online application, which automatically displays
menampilkan hasil pencapaian KPI Fungsi, pencapaian Individual         the achievement results of function KPIs, Individual Contributory
Contributory (berupa penilaian terhadap HSSE Objectives, Talent        achievements (such as assessments of HSSE Objectives, Talent
Development, dan Project & Community Involvement Pekerja),             Development, and Project & Community Involvement by
serta penilaian perilaku penting individu pekerja yang mendukung       employees), and assessments of important individual behaviors
pekerjaan dan pencapaian kinerja berlandaskan Tata Nilai Budaya        that support work and performance achievements based on the
AKHLAK menggunakan metode AKHLAK Behavior Survey (ABS)                 AKHLAK Cultural Values using the AKHLAK Behavior Survey (ABS)
360 feedback.                                                          360 feedback method.

Metode ABS 360 Feedback merupakan penilaian yang melibatkan            The ABS 360 Feedback method involves assessments from parties
pihak-pihak yang memiliki hubungan kerja langsung dengan               who have direct working relationships with employees, including
pekerja untuk memberikan penilaian, antara lain: pekerja, atasan       employees, employee supervisors, employee subordinates, and
pekerja, bawahan pekerja, dan rekan kerja pekerja. Metode ini          employee coworkers. This method is aimed at improving the
ditujukan untuk meningkatkan objektivitas penilaian kompetensi,        objectivity of competency assessments, providing a more accurate
memberikan gambaran kebutuhan pengembangan kompetensi                  picture of employee competency development needs, and
pekerja yang lebih akurat, serta meningkatkan kepedulian pekerja       increasing employee awareness of fulfilling their work results in
dalam pemenuhan hasil kerjanya kepada fungsi/bagian lain               other functions and areas based on AKHLAK Cultural Values.
berlandaskan Tata Nilai Budaya AKHLAK.

Hasil penilaian kinerja selanjutnya digunakan dalam                    The outcomes of performance evaluations are then used in
pengembangan kompetensi, pengembangan karier SDM, seperti              competency development, employee career development, such
promosi dan rotasi, pengkajian pemberian kompensasi bagi SDM           as promotions and rotations, employee compensation review, and
serta penentuan reward kinerja.                                        determining performance rewards.

Kompensasi dan Benefit                                                 Compensation & Benefit
Pemenuhan hak pekerja berupa kompensasi dan benefit                    The fulfillment of employee rights in the form of compensation
yang disusun Perseroan bertujuan untuk dapat menarik,                  and benefits, as structured by the Company, aims to attract, retain,
mempertahankan, memotivasi, dan meningkatkan keterikatan               motivate, and enhance employee engagement. Consequently,
Pekerja. Dengan demikian, para pekerja secara terus menerus            employees continuously deliver optimal performance and support
memberikan kinerja yang optimal, mendukung visi dan misi, serta        the Company’s vision, mission, and strategies.
strategi Perseroan.

Untuk remunerasi atau imbalan kerja yang diberikan kepada              Regarding remuneration or rewards provided to employees,
pekerja merupakan bentuk komitmen imbal jasa kepada pekerja.           it represents the Company‘s commitment to compensating
Perseroan telah memenuhi ketentuan Upah Minimum Provinsi/              employees. The Company has complied with the provisions of
Kabupaten/Kota (UMP/UMK) wilayah masing-masing unit                    the Provincial/Regency/City Minimum Wage (UMP/UMK) in the
kerja Perseroan yang ditetapkan oleh pemerintah. Sementara             respective regions where the Company‘s units are located, as
kompensasi program kesejahteraan dan fasilitas pekerja mengacu         determined by the government. Meanwhile, compensation for
kepada ketentuan dan Peraturan Kementerian Tenaga Kerja,               welfare programs and employee facilities follows the regulations
termasuk pemenuhan upah yang berlaku.                                  of the Ministry of Manpower, including the fulfillment of
                                                                       applicable wages.




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Pada tahun 2024, Perseroan juga melakukan beberapa program             In 2024, the Company also carried out several programs related to
yang berkaitan dengan kompensasi dan benefit, yaitu sebagai            compensation and benefits as follows:
berikut:

1. Review Kompensasi                                                   1. Compensation Review
   Untuk menjaga total remunerasi agar tetap bisa cukup                   To ensure that total remuneration remains competitive in
   kompetitif di market juga sebagai bagian dari reward strategy          the market and as part of the reward strategy to enhance
   untuk meningkatkan motivasi pekerja serta bagian dari                  employee motivation and maintain internal equity. In order to
   upaya untuk menjaga internal equity. Bahwa dalam rangka                realize a performance-based high-performance organization
   mewujudkan high performance organization yang berbasis                 and to express appreciation to employees for increasing
   kinerja dan untuk memberikan apresiasi kepada pekerja guna             motivation and contribution in achieving the Company’s best
   meningkatkan motivasi serta kontribusi dalam pencapaian                performance, it is deemed necessary to reward Employee
   kinerja terbaik Perseroan, maka dipandang perlu memberikan             performance in 2023 in the form of a salary increase
   penghargaan atas kinerja pekerja tahun 2023 berupa                     adjustment in 2024. Additionally, in the context of harmonizing
   penyesuaian remunerasi pada tahun 2024, serta dalam rangka             remuneration within the Upstream Sub Holding, the Company
   harmonisasi remunerasi di lingkungan Sub Holding Upstream,             provides incentives and bonuses while taking into account the
   Perseroan memberikan insentif dan bonus dengan tetap                   availability of the Company’s budget and capabilities.
   melihat ketersediaan anggaran dan kemampuan Perseroan.

2. Review Benefit                                                      2. Review Benefit
   Untuk meningkatkan efektivitas benefit kesehatan yang                  To increase the effectiveness of health benefits provided by
   diberikan Perseroan kepada pekerja (asuransi kesehatan &               the Company to workers (health insurance & BPJS Kesehatan)
   BPJS Kesehatan) di tahun 2024, Program Flexibel benefit masih          in 2024, the Flexibel benefit program is still running because
   tetap berjalan karena banyak Pekerja yang tertarik untuk               many workers are interested in joining this program.
   mengikuti program ini.

   Flexible benefit adalah benefit non cash yang diberikan                 Flexible benefits are non-cash benefits provided by the
   Perseroan yang memungkinkan pekerja memilih benefit sesuai              Company that allow employees to choose benefits according
   kebutuhannya berdasarkan paket program yang ditawarkan                  to their needs based on the package programs offered by the
   oleh Perseroan. Tujuan program ini adalah:                              Company. The objectives of this program are:
   a. Memberikan pilihan kepada pekerja untuk menentukan                   a. To provide employees with the option to determine
       program benefit yang sesuai preferensi/kebutuhan                        benefit programs according to their preferences/needs;
       masing-masing;
   b. Mengikuti perkembangan demografi pekerja dengan                      b. To accommodate the benefit needs aspirations of each
       mengakomodasi aspirasi kebutuhan benefit dari setiap                   generation, including Baby Boomer, X, Y, and Z generations.
       generasi, baik generasi Baby Boomer, X, Y, dan Z.

    Program flexible benefit yang ditawarkan merupakan                     The flexible benefit program offered is a combination of Inner
    kombinasi antara Asuransi inner limit & plafon flexible benefit.       Limit Insurance & flexible benefit ceiling. Health insurance
    Asuransi kesehatan dengan inner limit, yaitu desain asuransi           with inner limits, which is an insurance design with a ceiling
    dengan batasan plafon di setiap jenis perawatan, namun tidak           limit on each type of treatment but with no annual limit for
    memiliki limit tahunan untuk rawat inap.                               inpatient care.

    Asuransi kesehatan yang diberikan Perseroan saat ini adalah            The health insurance provided by the Company currently is as
    as charge, yaitu desain asuransi yang tidak ada batasan plafon         charge, which is an insurance design with no ceiling limit on
    di setiap jenis perawatan, tetapi memiliki limit tahunan.              each type of treatment but has an annual limit. If employees
    Jika pekerja menggunakan asuransi as charge, maka tidak                use it as charge insurance, they will not receive the flexible
    mendapatkan program flexible benefit.                                  benefit program.

    Pilihan flexible benefit yang dapat digunakan oleh pekerja         Several flexible benefits that employees can choose from, among
    di antaranya:                                                          others:
    • Pembelian laptop/handphone.                                          • Purchasing laptop/phone.
    • Pembayaran pajak kendaraan/PBB.                                      • Payment of vehicle tax/property tax.
    • Top-up DPLK.                                                         • DPLK top-up.
    • Traveling.                                                           • Traveling.
    • Top-up plafon kacamata.                                              • Top-up eyeglass limit.




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    •   Biaya pendidikan/kursus/sertifikasi.                            •   Education/course/certification expenses.
    •   Membership olahraga/gym/alat olahraga (kecuali baju/            •   Membership in sports/gym/sports equipment (excluding
        sepatu).                                                            clothes/shoes).
    •   Tabungan emas/logam mulia.                                      •   Gold/silver bullion savings.
    •   Top-up perawatan gigi.                                          •   Dental care top-up.

Selain meningkatkan efektivitas benefit kesehatan melalui program   In addition to improving the effectiveness of health benefits
flexible benefit, Perseroan juga melakukan sosialisasi penggunaan   through the flexible benefit program, the Company also conducted
telemedicine yang digunakan dalam proses pengobatan rawat           socialization on the use of telemedicine for outpatient treatment.
jalan. Pengobatan melalui telemedicine sangat efektif dan efisien   Treatment through telemedicine is highly effective and efficient in
secara waktu dan biaya.                                             terms of time and cost.

PROGRAM KESEJAHTERAAN SDM                                           HR WELFARE PROGRAM
Dalam rangka menciptakan lingkungan kerja yang produktif            The Company has implemented a series of sustainable employee
serta meningkatkan engagement dan kesejahteraan SDM,                welfare programs to create a productive work environment
Perseroan telah mengimplementasikan serangkaian program             and improve human resource engagement and welfare. These
employee welfare yang berkelanjutan. Program ini dirancang          programs are designed to support the balance between
untuk mendukung keseimbangan antara kehidupan profesional           employees’ professional and personal lives, thereby increasing
dan personal karyawan, sehingga dapat meningkatkan motivasi,        motivation, loyalty, and overall performance.
loyalitas, serta kinerja secara keseluruhan.

Kegiatan employee welfare dilaksanakan secara mingguan,             These weekly, monthly, and annual employee welfare programs
bulanan, dan tahunan, mencakup berbagai aspek seperti kegiatan      cover various aspects such as religious spiritual activities, sports,
rohani keagamaan, olahraga, serta aktivitas pengembangan            and other self-development activities. With this holistic approach,
diri lainnya. Dengan pendekatan yang holistik ini, Perseroan        the Company is committed to creating a healthy, inclusive work
berkomitmen untuk menciptakan lingkungan kerja yang sehat,          environment that encourages collaboration and innovation to
inklusif, serta mendorong kolaborasi dan inovasi, guna mendukung    support its sustainable growth.
pertumbuhan perusahaan yang berkelanjutan.

Beberapa kegiatan yang dilakukan seperti pemberian bantuan          Several activities are carried out, such as providing welfare
kesejahteraan dalam bentuk:                                         assistance in the form of:
1. Penghargaan masa kerja/Ulang Tahun Dinas (UTD);                  1. Length of service/Service Anniversary Award (UTD);
2. Program Pelatihan Masa Persiapan Pensiun MANTAP;                 2. MANTAP Retirement Preparation Period Training Program;
3. Penghargaan pekerja Masa Persiapan Pensiun (MPP) usia 55         3. Award for Retirement Preparation Period (MPP) workers aged
    tahun;                                                              55 years;
4. Penghargaan Pekerja Berprestasi (Employee Excellence             4. Employee Excellence Award;
    Award);
5. Bantuan Ibadah: Haji, Umrah, dan Wisata Religi;                  5. Worship Assistance: Hajj, Umrah, and Religious Tourism;
6. Medical Check-Up (MCU) massal;                                   6. Mass Medical Check-Up (MCU);
7. Kegiatan Health Talk;                                            7. Health Talk Activity;
8. Fasilitas kesehatan (klinik, dokter, dan ambulans);              8. Health facilities (clinic, doctor, and ambulance);
9. Bantuan pembelian kacamata dan persalinan;                       9. Glasses and maternity assistance;
10. Bantuan biaya pemakaman;                                        10. Funeral assistance expenses;
11. Beasiswa untuk anak pekerja berprestasi;                        11. Scholarships for workers’ outstanding children;
12. Bantuan anak yatim piatu dan dhuafa;                            12. Orphan and poor children assistance;
13. Fasilitas tempat olahraga dengan 10 cabang olahraga dan         13. Sports facilities with 10 sports and one art branch;
    1 cabang kesenian;
14. Program acara kegamaan (Ramadan, Iduladha, pengajian            14. Religious event program (Ramadan, Eid al-Adha, monthly
    bulanan, kajian muslimah, pendalaman iman, dan Natal);              recitation, muslimah study, faith deepening, and Christmas);
15. Fasilitas ibadah (masjid dan musala di setiap lantai gedung)    15. Worship facilities (mosque and musala on each floor of the
    dan fasilitas untuk kegiatan keagamaan;                             building) and facilities for religious activities;
16. Rangkaian acara perayaan Hari Ulang Tahun (HUT)                 16. A series of events to celebrate PT Elnusa Tbk’s Anniversary
    PT Elnusa Tbk (kompetisi olahraga dan seni budaya, sharing          (sports and cultural arts competitions, sharing sessions,
    session, beasiswa, CSR, dan lain sebagainya);                       scholarships, CSR, etc.);




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17. Bantuan kemanusiaan untuk bencana alam (seperti bantuan          17. Humanitarian assistance for natural disasters (such as
    gempa dan banjir), dan bantuan sembako untuk tenaga harian           earthquake and flood relief) and basic food assistance for daily
    dan outsourcing.                                                     workers and outsourcing.

HUMAN RESOURCE MANAGEMENT SERVICES                                   HUMAN RESOURCE MANAGEMENT SERVICES
Perseroan mengelola program service management dikelola              The Company manages the service management program to
untuk memastikan bahwa seluruh layanan Fungsi Human Capital          ensure that all Human Capital Function services can be received
dapat diterima oleh pekerja sesuai dengan standar yang berlaku       by workers in accordance with applicable standards in the
di Perseroan. Inisiatif ini bertujuan untuk menciptakan lingkungan   Company. This initiative aims to create a work environment that
kerja yang nyaman, aman, produktif, dan efisien dengan               is comfortable, safe, productive, and efficient by ensuring that
memastikan bahwa setiap pekerja mendapatkan dukungan                 each worker receives optimal support and services to support the
serta pelayanan yang optimal dalam menunjang aktivitas dan           activities and professional development of each individual.
pengembangan profesional tiap individu.

Employee Engagement Survey dan Practice Pulse                        Employee Engagement Survey and Practice Pulse
Check Survey                                                         Check Survey
Perseroan ikut berpartisipasi pada Employee Engagement               The Company participated in the Employee Engagement Survey
Survey dan Practice Pulse Check Survey diselenggarakan oleh          and Practice Pulse Check Survey organized by PT Pertamina
PT Pertamina (Persero) pada tanggal 1–12 Agustus 2024. Hasil         (Persero) from August 1–12, 2024. The survey results showed that
survei menunjukkan keterikatan pekerja terhadap Perseroan            employee engagement with the Company to improve productivity
untuk meningkatkan produktivitas pekerja memperoleh skor             received a score of 80.66%. The Practice Pulse Check Survey,
80,66. Practice Pulse Check Survey yang mengukur persepsi dan        which measures perceptions and management practices regarding
praktik manajemen terhadap kinerja budaya memperoleh skor            cultural performance, scored 86.53% (category “Very High”).
86,53 (kategori "Sangat Tinggi”).

Service Level Agreement                                              Service Level Agreement
Perseroan mengatur mekanisme pembuatan, pelaksanaan,                 The Company sets up mechanisms for creating, implementing,
pemantauan dan pelaporan kemajuan pelaksanaan Service Level          monitoring, and reporting on the progress of the implementation
Agreement (SLA) Fungsi Human Capital, agar terlaksana secara         of the Human Capital Function’s Service Level Agreement
terencana, terukur, efektif dan efisien sesuai dengan ketetapan      (SLA) to be carried out in a planned, measurable, effective, and
yang berlaku. SLA pada beberapa kegiatan Fungsi Human Capital        efficient manner according to applicable provisions. SLAs in
yang dapat diukur adalah ketepatan pemenuhan rekrutmen,              several Human Capital Function activities that can be measured
administrasi payroll, administrasi benefit, contract management,     include recruitment accuracy, payroll administration, benefits
outsourcing management, administrasi perubahan pangkat,              administration, contract management, outsourcing management,
jabatan dan remunerasi.                                              promotion, position, and remuneration administration.

HUMAN RESOURCE INFORMATION SYSTEM                                    HUMAN RESOURCE INFORMATION SYSTEM
(HRIS)                                                               (HRIS)
Perseroan senantiasa mengembangkan sistem HRIS yang telah ada.       The Company continues to develop the existing HRIS system. In
Pada tahun 2024, Perseroan melakukan pengembangan Elnusa             2024, the Company developed Elnusa Integrated People System
Integrated People System (ELIPS), sebuah platform pengelolaan        (ELIPS), a process management platform in human capital
proses dalam human capital management, yang terdiri dari 3 (tiga)    management, which consists of 3 (three) major pillars: Online
pilar besar: Recruitment Online, Elnusa Talent Management, dan       Recruitment, Elnusa Talent Management, and HC Services &
HC Services & Administration. Detail fitur-fitur yang dikembangkan   Administration. The detailed features developed in ELIPS are:
di dalam ELIPS adalah:

1. Proses Recruitment (Recruitment Online)                           1. Recruitment Process (Online Recruitment)
   Dengan adanya aplikasi Recruitment Online pengelolaan                With the Recruitment Online application, the management of
   proses rekrutmen dapat dilaksanakan secara komprehensif              the recruitment process can be carried out comprehensively
   dan terintegrasi. Sehingga memudahkan karyawan untuk                 and integrated. Making it easier for employees to access and
   mengakses dan melihat historical dari kebutuhan rekrutmen            view historical employee recruitment needs, the sub menus in
   karyawan, sub menu yang ada di dalam Recruitment Online              Recruitment Online include:
   antara lain:
   a. Pengajuan dan Approval Perencanaan Manpower (MPP).                 a. Submission and Approval of Manpower Planning (MPP).
   b. Pengajuan dan Approval Permintaan Tenaga Kerja (PTK).              b. Submission and Approval of Manpower Request (PTK).




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    c. Pengajuan dan Approval Permintaan Tenaga Kerja tanpa                    c. Submission and Approval of Manpower Request without
       MPP (PTK Without MPP).                                                     MPP (PTK Without MPP).
    d. Job Posting & Proses Rekrutmen.                                         d. Job Posting & Recruitment Process.
    e. Pembuatan, Pengajuan, & Approval Offering Letter.                       e. Offering Letter Creation, Submission & Approval.
    f. Pembuatan dan Approval Dokumen Kontrak.                                 f. Creation and Approval of Contract Documents.
    g. Pemenuhan fasilitas karyawan baru.                                      g. Fulfillment of New Employee Facilities.
    h. Pemenuhan fasilitas karyawan.                                           h. Fulfillment of Employee facilities.
    i. Dashboard reporting pada aplikasi untuk memudahkan                      i. Dashboard reporting on the Application to make it easier
       melihat data yang masuk di aplikasi Recruitment Online.                    to see the incoming data in the Recruitment Online
                                                                                  application.

2. Elnusa Talent Management                                                2. Elnusa Talent Management
   Pengelolaan talenta dalam aplikasi Elnusa Talent Management                Talent management in the Elnusa Talent Management
   di tahun 2024 terus dikembangkan dan ditambahkan fiturnya                  application in 2024 continued to be developed and added
   untuk menjawab kebutuhan di human capital yang akan                        features to answer the needs in human capital that will
   memudahkan proses pengembangan talenta Elnusa. Aplikasi                    facilitate the process of developing Elnusa talent. Applications
   di dalam Elnusa Talent Management adalah sebagai berikut:                  in Elnusa Talent Management are as follows:
   a. Bisnis Proses                                                           a. Business Process
        Untuk melengkapi kebutuhan data job description di                         To complete the job description data needs in the
        dalam aplikasi, Perseroan membuat aplikasi bisnis proses                   application, the Company created a business process
        yang berfungsi untuk memasuk semua aktivitas-aktivitas                     application that serves to enter all business process
        bisnis proses, mulai dari level 1 sampai level paling bawah.               activities, starting from level 1 to the lowest level. In
        Di aplikasi tersebut, Perseroan juga menyediakan fitur                     the application, the Company also provides a feature to
        untuk menentukan PIC RACI (Responsible, Accountable,                       determine the PIC of RACI (Responsible, Accountable,
        Consulted, Informed). Setelah RACI ditentukan oleh PIC,                    Consulted, Informed). After RACI is determined by the PIC,
        aktivitas bisnis proses akan masuk ke dalam jobdesc sesuai                 the business process activities will be included in the job
        jabatan yang sudah ditentukan.                                             description according to the predetermined position.
   b. Jobdesc Online                                                          b. Online Jobdesc
        Menu ini berfungsi untuk pengelolaan data job description                  This menu functions to manage job description data for
        jabatan semua pekerja, dari mulai pembuatan hingga                         all workers, from preparation to approval. In addition,
        approval. Dan juga pekerja bisa melihat secara online                      workers can also see online jobdesc data from their
        data jobdesc dari jabatan mereka, selain itu jobdesc online                positions. This online Jobdesc serves as the main data
        ini berfungsi sebagai data utama untuk kepentingan di                      for the benefit of other applications in Elnusa Talent
        aplikasi lain yang ada di Elnusa Talent Management.                        Management.
   c. Competency Management.                                                  c. Competency management.
        Pada menu competency management, Perseroan                                 In the competency management menu, the Company
        menambahkan fitur untuk memasukkan berbagai                                added a feature to input various behavioral competency
        penilaian kompetensi perilaku yang sudah dilakukan                         assessments carried out by workers (ELC, PLC, FLC, and
        pekerja (ELC, PLC, FLC dan PCC, dll). Melalui fitur ini, pekerja           PCC, etc.). Through this feature, workers can easily view all
        bisa dengan mudah melihat semua hasil assessment yang                      of their assessment results. This data is useful for internal
        sudah dilakukan. Data ini berguna untuk analisis penilaian                 HC competency assessment analysis. In addition, the data
        kompetensi di internal HC. Selain itu, data juga digunakan                 is also used to determine career success factors.
        untuk penentuan career success factor.
   d. Individual Development Plan                                              d. Individual Development Plan
        Menu ini berfungsi untuk pengajuan dan realisasi                          This menu serves for the Submission and realization of
        perencanaan pengembangan pekerja terkait assignment,                      employee development plans related to assignments,
        coaching, training, dan self learning. Pada tahun 2024,                   coaching, training, and self-learning. In 2024, the
        Perseroan mengintegrasikan matriks learning dengan                        Company integrated the learning matrix with the existing
        form yang ada di IDP agar training yang diajukan oleh                     form in IDP so that the training submitted by workers in
        pekerja pada IDP sesuai dengan matriks yang sudah                         IDP is in accordance with the predetermined matrix.
        ditetapkan.
   e. Performance management system                                            e. Performance management system
        Menu ini berfungsi untuk mengukur performa pekerja.                       This menu serves to measure worker performance. In this
        Di aplikasi ini, pekerja bisa memasukkan indikator KPI,                   application, employees can input KPI indicators, cascade
        melakukan cascade dan shared KPI agar kinerja Perseroan                   and share KPIs so that the Company’s performance is in
        sejalan dengan kinerja level-level di bawahnya. Di                        line with the performance of the lower levels. In 2024, the




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      tahun 2024, Perseroan melakukan pembaruan untuk                       Company updated the structure of the system so that the
      struktur pada sistem agar kinerja aplikasi performance                performance management application will be faster.
      management semakin cepat.
   f. Elsyst (Elnusa Learning System).                                 f.   Elsyst (Elnusa Learning System).
      Menu ini berfungsi untuk pengelolaan data training                    This menu serves to manage training data (training
      (penjadwalan training, approval training dan monitoring               schedule, training approval, and training data monitoring)
      data training), berdasarkan pengajuan dari pekerja dari               based on submissions from workers from the career
      menu career aspiration, training mandatory pekerja, dan               aspiration menu, mandatory training for workers, and
      training adhoc untuk pekerja. Di tahun 2024, Perseroan                adhoc training for workers. In 2024, the Company added
      melakukan penambahan menu untuk bisa memasukkan                       a menu to input training matrix data into the application,
      data matriks training ke dalam aplikasi, penggabungan                 combining ALP & adhoc training input forms to facilitate
      form input training ALP & adhoc untuk memudahkan                      input and a menu to manage worker certificates in the
      penginputan, serta menu untuk mengelola sertifikat-                   application.
      sertifikat pekerja di dalam aplikasi.
   g. Task Management                                                  g. Task Management
      Menu task management dibuat pada tahun 2024, untuk                  The task management menu was created in 2024 to
      kebutuhan pencatatan task harian semua pekerja untuk                record the daily tasks of all workers to see the workload
      melihat workload pekerja, task management ini berisi                of workers, where this task management contains task
      kategori task, list task, dan waktu penyelesaian task.              categories, task lists, and task completion times. This
      Aplikasi ini juga bisa berfungsi sebagai reminder apabila           application also reminds you if the task is approaching
      task sudah mendekati deadline dan bisa memberi                      the deadline and can alert you if the task has passed the
      tanda apabila task tersebut sudah melewati batas                    completion time limit. Eventually, this report can show the
      waktu penyelesaian. Dan pada akhirnya report ini bisa               daily and monthly task load of each worker.
      menunjukan seberapa load task harian hingga bulanan di
      masing-masing pekerja.

3. HC Services & Administration Application                        3. HC Services & Administration Application
   HC Services & Administration Application merupakan fitur           HC Services & Administration HC Services & Administration
   one stop services untuk pengelolaan administrasi kebutuhan         Application is a one-stop service feature for managing
   pekerja yang bisa dilakukan pekerja secara mandiri. Sampai         employee administrative needs that can be done
   dengan tahun 2024, Perseroan memiliki aplikasi HC Services &       independently by employees. Until 2024, the Company had
   Administration yang terdiri dari:                                  HC Services & Administration application which consisted of:
   a. Employee Self Service (Equanta)                                 a. Employee Self-Service (Equanta)
       Di dalam Equanta, karyawan bisa meminta atau                       In Equanta, employees can request or submit their
       mengajukan kebutuhannya terkait proses administrasi                needs independently related to the human capital
       human capital secara mandiri. Fitur-fiturnya terdiri dari          administration process. The features consist of applying
       pengajuan cuti, izin, memperbarui data pribadi, pengajuan          for leave and permits, updating personal data, and
       surat-menyurat yang berhubungan dengan divisi Human                submitting correspondence related to the Human Capital
       Capital.                                                           division.
   b. Presensi Online                                                 b. Online Presence
       Menu ini berfungsi untuk melakukan presensi secara                 This menu provides online attendance, which is used
       online, ini digunakan oleh Perseroan untuk mendukung               by the Company to support the utilization of digital
       pemanfaatan teknologi digital untuk menunjang efektivitas          technology to support work effectiveness and efficiency.
       dan efisiensi pekerjaan. Aplikasi dikembangkan dengan              The application was developed by adding GPS tagging
       menambahkan fitur GPS tagging dan diintegrasikan                   features and integrated with the Equanta application so
       dengan aplikasi Equanta, sehingga karyawan tetap dapat             that employees can still take attendance according to
       melakukan presensi sesuai dengan kebutuhan aktivitasnya            their activity needs to support their work without being in
       untuk menunjang pekerjaan tanpa harus berada di kantor.            the office.
   c. Employee Self Service (Equanta)                                 c. Employee Self Service (Equanta)
       Di dalam Equanta karyawan bisa meminta atau                        In Equanta, employees can request or submit their needs
       mengajukan kebutuhannya terkait proses administrasi                related to the human capital administration process
       human capital secara mandiri. Fitur-fiturnya terdiri dari          independently. The features consist of applying for
       pengajuan cuti, izin, memperbarui data pribadi, pengajuan          leave, permits, updating personal data, and submitting
       surat-menyurat yang berhubungan dengan divisi Human                correspondence related to the Human Capital division.
       Capital.




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   d. Surat HC Services                                                d. HC Services Letter
       Menu ini berfungsi untuk mengotomasi surat kebutuhan               This menu serves to automate letters of employee needs in
       karyawan yang ada di divisi Human Capital. Dalam menu              the Human Capital division. In this menu, the submission
       ini, proses pengajuan dilakukan secara pribadi oleh                process is conducted personally by the employee and
       pekerja, kemudian disetujui di dalam aplikasi.                     then approved in the application.
   e. Benefit                                                          e. Benefit
       Menu ini berfungsi untuk pengajuan dan persetujuan                 This menu serves for submission and approval of
       reimburse benefit yang didapatkan oleh pekerja, seperti:           reimburse benefits obtained by Employees such as:
       kacamata, melahirkan, dan flexi benefit.                           glasses, maternity, and flexi benefits.
   f. Pengajuan Training Mandiri.                                      f. Self Training Request.
       Untuk memudahkan proses pengajuan training bagi semua              To facilitate the training submission process for all workers,
       pekerja. Perseroan membuatkan menu untuk melakukan                 the Company created a menu to submit their training
       pengajuan training secara mandiri oleh masing-masing               independently by each worker. Furthermore, submissions
       pekerja. Selanjutnya, pengajuan yang sudah disetujui               that have been approved by their respective superiors will
       oleh atasan masing-masing akan otomatis masuk ke                   automatically enter the Elsyst (Elnusa Learning System)
       aplikasi Elsyst (Elnusa Learning System). Kemudian,                application. Then, the EPS (Elnusa Petroleum School)
       tim EPS (Elnusa Petroleum School) akan mendapatkan                 team will get a notification to do scheduling and other
       notifikasi untuk melakukan penjadwalan dan administrasi            training administration.
       training lainnya.
   g. Timesheet Online                                                 g. Timesheet Online
       Aplikasi ini berfungsi untuk proses administrasi                   This application functions for the administration process
       pembayaran tunjangan lapangan pekerja PT Elnusa Tbk,               of PT Elnusa Tbk workers’ field allowance payments. This
       aplikasi ini sebelumnya sudah ada, tetapi karena                   application previously existed, but since the framework
       framework-nya masih menggunakan framework lama                     was still using an old framework that was out of date, then
       yang sudah out of date, maka pada tahun 2024 aplikasi              in 2024, the online timesheet application was regenerated
       timesheet online dibuat ulang dengan menggunakan                   using a new framework so that the online timesheet
       framework baru agar selanjutnya aplikasi timesheet online          application was easy to develop in the future, thus making
       mudah untuk dilakukan pengembangan agar aplikasi                   the online timesheet application more accurate for the
       timesheet online semakin akurat untuk pembayaran uang              payment of PT Elnusa Tbk workers’ field allowances.
       tunjangan lapangan pekerja PT Elnusa Tbk.
   h. Personal Update                                                  h. Personal Update
       Untuk mendigitalisasi proses administrasi di Human                 To digitize the administration process in Human Capital, in
       Capital, pada tahun 2024 Perseroan membuat aplikasi                2024, the Company created a Personal update application
       personal update di dalam platform Equanta yang                     in the Equanta platform which allows all employees to
       berfungsi agar semua pekerja bisa melakukan update                 update their personal data independently in Equanta, and
       personal datanya secara mandiri di dalam Equanta, dan              then the submission will be reviewed and approved by the
       selanjutnya pengajuannya akan di-review dan di-approve             PIC of human capital services and the personal data will
       oleh PIC human capital services dan personal datanya akan          be automatically updated and changed according to the
       otomatis ter-update dan berubah sesuai data pengajuan              latest submission data.
       terbaru.
   i. Personal Reporting                                               i.   Personal reporting
       Pada tahun 2024, selain membuat personal update,                     In 2024, in addition to making personal updates, the
       Perseroan juga membuat menu Personal Reporting                       Company also created a Personal reporting menu in
       di dalam Equanta. Aplikasi ini bertujuan agar masing-                Equanta. This application aims to allow each Employee to
       masing pekerja bisa melihat dan memeriksa kesesuaian                 see and check the suitability of each Employee’s data in
       personal data masing-masing pekerja yang ada di sistem               the human capital system.
       human capital.
4. Role ELIPS untuk HC Anak Perusahaan                             4. Role ELIPS for HC of Subsidiary
   Sebagai bentuk corporation management, Perseroan mulai             As a form of corporation management, the Company began to
   mengimplementasikan penggunaan aplikasi ELIPS ke anak              implement the use of ELIPS application in subsidiaries, so that
   perusahaan, agar pengelolaan SDM di anak perusahaan                HC management in subsidiaries is carried out digitally. With
   dilakukan secara digital. Dengan penggunaan ELIPS di               the use of ELIPS in subsidiaries, the data is integrated with the
   entitas anak, datanya terintegrasi dengan Perseroan dan            Company and makes it easier when needed as material for
   memudahkan apabila dibutuhkan sebagai bahan analisis data          group data analysis.
   secara grup.




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5. HC Dashboard                                                       5. HC Dashboard
   HC Dashboard merupakan sebuah portal yang berisi informasi            HC Dashboard is a portal containing general employee
   demografi pekerja yang sifatnya umum dan dapat diakses oleh           demographic information accessible to all parts of the Human
   seluruh bagian di Fungsi Human Capital dan level manajemen.           Capital Function and management levels. The demographics
   Demografi yang tersedia di portal ini antara lain:                    available on this portal include:
   a. Data Demografi Pekerja (usia, strata, gender, generasi,            a. Employee Demographic Data (age, strata, gender,
       jabatan, pensiun dan lain-lain);                                      generation, position, retirement, and others);
   b. Data Productivity;                                                 b. Productivity Data;
   c. Data Talent;                                                       c. Talent Data;
   d. Data Presensi;                                                     d. Presence Data;
   e. Data Turnover;                                                     e. Turnover Data;
   f. Data MPP & Rekrutmen.                                              f. MPP & Rekrutmen Data.

    HC Dashboard ini berbasis Power BI dan bisa diakses melalui           HC Dashboard is based on Power BI and can be accessed
    web. Dashboard ini berfungsi sebagai informasi dan analisis           via the web. This dashboard serves as information and data
    data dalam rangka pengambilan keputusan terkait SDM.                  analysis for decision-making related to HC.

HUBUNGAN INDUSTRIAL                                                   INDUSTRIAL RELATIONS
Perseroan selalu berupaya menciptakan suasana kerja yang terbuka      The Company always strives to create an open and positive work
dan positif dalam rangka meningkatkan hubungan industrial             environment in order to enhance harmonious, dynamic, and fair
yang harmonis, dinamis, dan adil yang diatur dalam Peraturan          industrial relations as regulated in the Company Regulations. The
Perusahaan. Perseroan berupaya membangun hubungan                     Company aims to build employment relations that guarantee the
ketenagakerjaan yang menjamin kebebasan semua pekerja untuk           freedom of all workers to join professionally managed workers’
masuk dalam organisasi pekerja (serikat pekerja) yang dikelola        organizations (labor unions) as a means of communication
secara profesional sebagai sarana penghubung antara pekerja dan       between workers and the Company, as stipulated in Law No. 13
Perseroan, sebagaimana diatur dalam Undang-Undang No. 13              of 2003 and Law of the Republic of Indonesia No. 6 of 2023
Tahun 2003 dan Undang-Undang RI No. 6 Tahun 2023 tentang              concerning the Stipulation of Government Regulation in Lieu of
Penetapan Peraturan Pemerintah Pengganti Undang-Undang                Law No. 2 of 2022 concerning Job Creation into Law.
No. 2 Tahun 2022 tentang Cipta Kerja menjadi Undang-Undang.

Serikat pekerja Elnusa bernama SP Elnusa (SPE) bersama Perseroan      The Elnusa workers’ union, named SP Elnusa (SPE), collaborates
saling bersinergi dalam penyusunan Peraturan Perusahaan (PP)          with the Company in the preparation of Company Regulations (PP)
tahun 2024-2026 yang mengatur hak dan kewajiban pekerja kepada        for the years 2024–2026, which regulate the rights and obligations
Perseroan dan sebaliknya. Dokumen Peraturan Perusahaan (PP)           of workers to the Company and vice versa. The Company
yang mengikat pihak Manajemen Perseroan dan SP Elnusa terakhir        Regulations (PP) document that binds the Management of the
disahkan melalui Surat Keputusan Direktur Jenderal Pembinaan          Company and SP Elnusa was last ratified through the Decree of the
Hubungan Industrial dan Jaminan Sosial Tenaga Kerja No. KEP.          Director General of Industrial Relations and Social Security of Labor
4/HI.00.00/00.000.231229008/B/VI/2024 tentang Pengesahan              No. KEP. 4/HI.00.00/00.000.231229008/B/VI/2024 Regarding the
Peraturan Perusahaan PT Elnusa Tbk tanggal 25 Juni 2024.              Ratification of the Company Regulations of PT Elnusa Tbk dated
                                                                      June 25, 2024.

Sepanjang tahun 2024, Perseroan terbilang cukup berhasil dalam        Throughout 2024, the Company was quite successful in managing
melakukan pengelolaan hubungan industrial yang kondusif               conducive industrial relations with workers. Thus, there were
dengan pekerja. Sehingga, sepanjang tahun tersebut tidak terjadi      no labor strikes involving workers and the Company throughout
labor strike yang melibatkan pekerja dan Perseroan.                   the year.

Peraturan Perusahaan                                                  Company Regulations
Peraturan Perusahaan merupakan kaidah tatanan organisasi yang         Company regulations are organizational rules that serve as the
dijadikan landasan untuk bersikap dan bertingkah laku di lingkungan   basis for behavior and conduct within the Company‘s environment
Perseroan agar sesuai dengan norma dan nilai yang berbudi luhur.      to align with noble norms and values. In 2024, the Company
Pada tahun 2024, Perseroan telah melakukan perpanjangan               extended and socialized the Company Regulations for 2024–2026
dan sosialisasi serta membagikan buku Peraturan Perusahaan            and distributed the booklets that had been ratified through the
2024–2026 yang telah disahkan melalui Surat Keputusan Direktur        Decree of the Director General of Industrial Relations and Social
Jenderal Pembinaan Hubungan Industrial dan Jaminan Sosial             Security of Labor of the Ministry of Manpower of the Republic




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Tenaga Kerja No. KEP. 4/HI.00.00/00.000.231229008/B/VI/2024              of Indonesia No. KEP. 4/HI.00.00/00.000.231229008/B/VI/2024
tentang Pengesahan Peraturan Perusahaan PT Elnusa Tbk tanggal            Regarding the Ratification of the Company Regulations of
25 Juni 2024.                                                            PT Elnusa Tbk dated June 25, 2024.

Sanksi Disiplin                                                          Disciplinary Sanctions
Dalam rangka menerapkan prinsip keadilan bagi seluruh Insan              In order to apply the principle of justice to all Company insiders, in
Perseroan, selain memberikan apresiasi kepada pekerja yang               addition to appreciating workers who perform well, the Company
berkinerja baik, Perseroan juga memiliki kebijakan terkait dengan        also has policies regarding the imposition of sanctions on workers
pemberian sanksi kepada pekerja yang melakukan pelanggaran               who violate regulations as a form of implementing Good Corporate
sebagai bentuk penerapan Good Corporate Governance (GCG).                Governance (GCG). The types of sanctions applied to the Company
Jenis sanksi yang berlaku di Perseroan didasarkan pada jenis             are based on the type of violation, the elements of the act, and the
pelanggaran yang dilakukan, unsur perbuatan, serta dampak yang           resulting impact, including: First, Second, Third & Final Warning
ditimbulkan meliputi: Surat Peringatan 1, 2, 1 & terakhir, serta skor.   Letters, and suspension.

Pemberian sanksi selama 3 (tiga) tahun terakhir di Perseroan             The imposition of sanctions over the past 3 (three) years in the
disampaikan melalui tabel di bawah ini.                                  Company is presented in the table below.


    Jenis Surat Tindakan Disiplin/Sanksi           2024              2023             2022            Types of Disciplinary/Sanction Letters
 Surat Peringatan 1 (Pertama)                              38               22                21                          First Warning Letter
 Surat Peringatan 2 (Kedua)                                 2                0                 1                       Second Warning Letter
 Surat Peringatan 3 (Ketiga) & Terakhir                    12               11                14                  Third & Final Warning Letter
 Surat Pembebasan Sementara (Skorsing)                      3                1                 2       Temporary Release Letter (Suspension)
 Jumlah                                                    55               34                38                                         Total



CULTURE                                                                  CULTURE
Pentingnya mempertahankan budaya Perseroan adalah untuk                  The importance of maintaining the Company’s culture is to ensure
memastikan identitas Perseroan melalui budaya yang kuat dan              the Company’s identity through a strong and characterful culture.
berkarakter. Selain itu, penciptaan budaya yang kuat penting             Additionally, establishing a strong culture is important to ensure
untuk memastikan citra Perseroan di lingkungan internal maupun           the Company’s image in both internal and external environments.
eksternal.

Core Values Tata Nilai AKHLAK                                            Core Values of AKHLAK
Berdasarkan Surat Keputusan Direktur Utama PT Pertamina                  Based on the Decree of the President Director of PT Pertamina
(Persero) No. KPTS-33/C0000/2020-S0 tentang Penerapan Tata               (Persero)     No.    KPTS-33/C0000/2020-S0       regarding    the
Nilai-nilai Utama (Core Values) AKHLAK di Pertamina, Anak                Implementation of Core Values AKHLAK at Pertamina, Subsidiaries,
Perusahaan, serta Afiliasi Terkonsolidasi tanggal 8 September            and Consolidated Affiliates dated September 8, 2020, and the
2020, dan Surat Perintah Direktur SDM dan Penunjang Bisnis               Directive of the HR and Business Support Director of PT Pertamina
PT Pertamina Hulu Energi No. Prin-003/PHE50000/2020-S8                   Hulu Energi No. Prin-003/PHE50000/2020-S8 regarding the
tentang Tim Implementasi Tata Nilai AKHLAK dan Program Budaya            AKHLAK Value System Implementation Team and Core Culture
Inti 135 Sub Holding Upstream tanggal 5 Oktober 2020, maka pada          Program 135 Sub Holding Upstream dated October 5, 2020,
tahun 2021 Perseroan mulai menerapkan nilai-nilai dasar (core            in 2021, the Company began implementing the core values of
values) tata nilai AKHLAK (Amanah, Kompeten, Harmonis, Loyal,            AKHLAK (Trustworthy, Competent, Harmonious, Loyal, Adaptive,
Adaptif, Kolaboratif) yang menjadi bagian dari Budaya Perusahaan.        Collaborative) which are part of the Company’s Culture.




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Tata nilai AKHLAK merupakan identitas dan perekat budaya kerja       AKHLAK’s core values are the identity and adhesive of a working
yang mendukung peningkatan kinerja Pekerja dan Perseroan             culture that supports the sustainable improvement of employees
secara berkelanjutan. Perseroan melaksanakan program sosialisasi     and the Company’s performance. The Company carries out
dan internalisasi Tata Nilai AKHLAK mengacu pada dimensi program     socialization and internalization programs of AKHLAK Core Values,
Living Core Values yang ditetapkan oleh PT Pertamina (Persero),      referring to the dimensions of the Living Core Values program
sesuai dengan Surat Keputusan Direktur Utama PT Pertamina            established by PT Pertamina (Persero), following the Decree of
(Persero) No. KPTS-01/C00000/2022-S0 tentang pengelolaan             the President Director of PT Pertamina (Persero) No. KPTS-01/
Program Living Core Values di Lingkungan Pertamina Group.            C00000/2022-S0 regarding the management of the Living Core
                                                                     Values Program in the Pertamina Group Environment.

Terkait program internalisasi tata nilai AKHLAK yang dijalankan      Regarding the internalization program of AKHLAK core values
Perseroan selama tahun 2024 dapat dilihat pada bab “Profil           implemented by the Company during 2024, it can be seen in the
Perusahaan” yang terdapat dalam Laporan Tahunan ini.                 “Company Profile” section of this Annual Report.

Code of Conduct                                                      Code of Conduct
Sebagai entitas bisnis yang berstatus perseroan terbuka, penerapan   As a publicly listed business entity, the application of business
standar etika usaha perlu menjadi perhatian untuk memastikan         ethics standards needs to be a concern to ensure that the Company
Perseroan memenuhi hak dan kewajiban Perseroan terhadap para         fulfills its rights and obligations to stakeholders. The Code of
pemangku kepentingan. Code of Conduct harus bersumber dari           Conduct must originate from the values held by the Company,
nilai-nilai yang dianut Perseroan, dan penerapannya berlaku bagi     and its implementation applies to all employees and management
semua pekerja dan manajemen (termasuk Dewan Komisaris dan            (including the Board of Commissioners and the Board of Directors)
Direksi) tanpa terkecuali.                                           without exception.

Code of Conduct ditinjau ulang secara berkala, serta                 The Code of Conduct is periodically reviewed and reintroduced
disosialisasikan kembali kepada seluruh elemen Perseroan. Sejak      to all elements of the Company. Since 2021, the Company has
tahun 2021, Perseroan telah memperoleh sertifikat Anti Bribery       obtained ISO 37001:2016 Anti-Bribery Management System
Management System ISO 37001:2016 atau Sistem Manajemen               certification, as a system that helps the Company maintain its
Anti Penyuapan, sebagai sistem yang membantu Perseroan untuk         Code of Conduct.
tetap mempertahankan Code of Conduct.

Work-Life Balance                                                    Work-Life Balance
Perseroan menerapkan beberapa program dalam rangka mencapai          The Company implements several programs in order to achieve
keseimbangan antara pekerjaan dengan kehidupan pribadi/              a balance between work and personal/family life so that workers
keluarga, sehingga pekerja dapat mengatur waktu yang baik            can manage their time well (balanced) between jobs at work and
(seimbang) antara pekerjaan di tempat kerja dengan kebutuhan         their personal needs. The work-life balance program is expected
pribadinya. Melalui program work-life balance, diharapkan akan       to further increase worker productivity, provide high performance,
semakin meningkatkan produktivitas pekerja, memberikan kinerja       and make them happier and more creative in work and personal
tinggi, lebih bahagia dan kreatif dalam kehidupan di pekerjaan       life. The Company has managed various work-life balance
maupun pribadi. Perseroan telah mengelola berbagai program           programs, including sports, arts, religious activities, and personal/
work-life balance, antara lain kegiatan olahraga, kesenian,          family matters.
keagamaan, dan personal/family matters.

Program peningkatan Derajat Kesehatan Pekerja Elnusa Goes to P1      Elnusa Goes to P1 (EGOP1) is a company program that aims to
(EGOP1) merupakan program perusahaan yang bertujuan untuk            improve and maintain the quality of workers’ health by increasing
meningkatkan dan mempertahankan kualitas kesehatan Pekerja           awareness in forming a healthy lifestyle, and helping to maintain
dengan meningkatkan kesadaran dalam membentuk pola hidup             the physical and mental health of workers so as to increase
sehat, dan membantu menjaga kesehatan fisik dan mental Pekerja       productivity.
sehingga dapat meningkatkan produktivitas.




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Elnusa Goes to P1 (EGOP1) dilakukan melalui 2 (dua) program      Elnusa Goes to P1 (EGOP1) is carried out through 2 (two) main
utama:                                                           programs:
1. Intervention Wellness Program EGOP1, merupakan program        1. Intervention Wellness Program EGOP1, is a program focusing
    berfokus kepada kegiatan fisik dalam meningkatkan derajat        on physical activities in improving the health status of workers
    kesehatan Pekerja dalam target waktu tertentu dalam              in a certain target time in the community through several
    komunitas melalui beberapa kegiatan seperti pemeriksaan          activities such as routine health checks, body composition
    kesehatan rutin, body composition measurement, olahraga          measurements, routine exercise programs accompanied by
    rutin terpogram didampingi oleh Trainer yang dilakukan 2         trainers conducted 2 (two) times per week, and consultation
    (dua) kali setiap seminggu, dan konsultasi setiap individu       of each individual worker with a nutritionist;
    Pekerja dengan nutrisionis;

2. Prevention Wellness Program EGOP1, merupakan program          2. Prevention Wellness Program EGOP1, is a program that focuses
   yang berfokus kepada kegiatan pencegahan dengan                  on prevention activities by maintaining the physical and mental
   mempertahankan kesehatan fisik dan mental Pekerja berbasis       health of Workers based on consultation applications with
   aplikasi konsultasi dengan para profesional di bidangnya         professionals in their fields through Psychology consultation
   melalui kegiatan konsultasi Psikologi, program olahraha          activities, exercise programs with Fitness Coach, consultation
   dengan Fitness Coach, konsultasi dengan Dietitian, dan           with Dietitian, and consultation with Financial Planner.
   konsultasi dengan Finansial Planner.




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Sistem Informasi
Information System




KEBIJAKAN PEMANFAATAN DAN                                            POLICY OF UTILIZATION AND MANAGEMENT
PENGELOLAAN TEKNOLOGI INFORMASI                                      OF INFORMATION TECHNOLOGY
PT Elnusa Tbk (“Elnusa,” “Perseroan”) memanfaatkan dan               PT Elnusa Tbk (“Elnusa,” “the Company”) utilizes and manages
mengelola Teknologi Informasi (TI) melalui Departemen                Information Technology (IT) through the Information System (IS)
Information System (IS). Selain untuk pengelolaan TI di Perseroan,   Department. In addition to managing IT in the Company, the IS
Departemen IS juga bertanggung jawab dalam melakukan                 Department is also responsible for standardizing, coordinating,
standardisasi, koordinasi, konsolidasi dan integrasi sistem TI       consolidating and integrating IT systems with all subsidiaries for
dengan seluruh anak perusahaan untuk tujuan meningkatkan             the purpose of improving insight, productivity, efficiency, speed of
insight, produktivitas, efisiensi, kecepatan layanan, keamanan dan   service, security and integration of existing information.
integrasi informasi yang ada.

Menghadapi tantangan serangan siber yang semakin kompleks,           Facing the challenges of increasingly complex cyber-attacks,
khususnya di sektor energi, Perseroan perlu untuk meningkatkan       especially in the energy sector, the Company took the initiative
sistem keamanan informasi di lingkungan operasional bisnis.          to improve the information security system within business
Keamanan informasi yang terjaga dengan baik tidak hanya              operations. Well-maintained information security not only protects
melindungi data dan operasional, tetapi juga menjaga reputasi        data and operations but also maintains the reputation and trust
dan kepercayaan pelanggan serta mitra bisnis. Dengan semakin         of customers and business partners. With the development of
berkembangnya teknologi dan ketergantungan pada sistem digital,      technology and dependence on digital systems, maintaining data
menjaga keamanan data dan infrastruktur TI menjadi prioritas         security and IT infrastructure is a priority that must be managed
yang harus dikelola secara terus-menerus, agar sistem Teknologi      continuously so that information within Elnusa Group remains safe
Informasi yang ada di lingkungan Elnusa Group tetap aman dan         and protected from cyber attacks that can harm the Company.
terlindungi dari serangan siber yang dapat merugikan perusahaan.

Departemen IS senantiasa melakukan pengembangan produk               The IS department is constantly developing IT products while
TI sekaligus menjalankan proyek yang sedang berjalan secara          simultaneously running ongoing projects. The implementation
bersamaan. Pelaksanaan proyek yang sedang berjalan tersebut          of such ongoing projects requires good cooperation between the
memerlukan kerja sama yang baik antara tim proyek dan                project team and management, as well as careful monitoring to
manajemen, sekaligus pemantauan yang cermat untuk menjamin           ensure that the project goes according to plan.
proyek berjalan sesuai rencana.

Dengan sistem yang terintegrasi secara menyeluruh, standardisasi     With a fully integrated, standardized system that covers all of
yang baik dan yang telah mencangkup keseluruhan proses               the Company’s internal business processes, the IS Department
bisnis internal Perseroan, Departemen IS mengembangkan dan           develops and enhances the value of the data for monitoring and
meningkatkan nilai dari Data tersebut untuk keperluan monitoring     further analysis to help accelerate decision making with greater
dan analisa lanjutan untuk membantu mempercepat pengambilan          accuracy. Which in turn can reduce potential risks within the
keputusan dengan akurasi yang lebih baik. Yang pada akhirnya         Company.
dapat mengurangi potensi risiko dalam Perusahaan.

TATA KELOLA TEKNOLOGI INFORMASI                                      INFORMATION TECHNOLOGY GOVERNANCE
Dalam penerapan tata kelola TI, Perseroan melalui Departemen IS      In implementing IT governance, the Company, through the IS
menyediakan berbagai kebutuhan TI seperti Enterprise Resource        Department, provides various Enterprise Resource Planning (ERP)
Planning (ERP), pengelolaan aset TI, pengembangan aplikasi           system needs, IT asset management, application development,
kustom, penyediaan alat kerja TI, pengelolaan server dan data        provision of IT work tools, server and data center management,
center, infrastruktur TI, dan juga mendukung operasi khususnya       IT infrastructure, and also supports operations, especially in IT
dalam kebutuhan infrastruktur TI.                                    infrastructure needs.




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Tata Kelola Teknologi Informasi yang dijalankan selalu                Information Technology Governance always prioritizes Agile,
mengedepankan Agile, inline dan impact terhadap Bisnis. Agile         inline, and impact on the Business. Agile is how quickly IT can assist
dalam artian seberapa cepat TI dapat membantu Perseroan untuk         the Company in adjusting to the needed changes. This becomes
menyesuaikan dengan perubahan yang dibutuhkan. Ini menjadi            fundamental in building IT Architecture and IT roadmap.
fundamental dalam membangun IT Architecture dan roadmap TI.

Dalam menjalankan fungsi layanannya, baik pengembangan sistem         In carrying out its service functions, both system development
maupun layanan lainnya, Departemen IS menggunakan software            and other services, the IS Department uses software that can
yang dapat di monitor secara online sehingga terpantau secara         be monitored online so that it can be tracked in real time. The
realtime agar dapat dipantau penyelesaian sesuai dengan target        completion can be monitored in accordance with the agreed KPI
KPI dan SLA yang telah disepakati untuk dapat dilakukan analisa       and SLA targets so that continuous analysis and improvement can
serta improvement berkelanjutan berdasarkan kecenderungan             be carried out based on ongoing trends.
yang terjadi.

Mekanisme Identifikasi Disrupsi (Gangguan)                            Disruption Identification Mechanisms
Mekanisme identifikasi disrupsi (gangguan) di lingkungan TI telah     The mechanisms for identifying disruptions within the information
dikembangkan dan diimplementasikan dengan baik pada tahun             technology (IT) environment have been thoroughly developed and
2024. Mekanisme ini mencakup:                                         put into action in 2024. These mechanisms include:
1. Pemantauan Datacenter secara terus-menerus melalui sistem          1. Continuous Data center monitoring through the Data center’s
    monitoring realtime Datacenter.                                       real-time monitoring system.
2. Pemantauan jaringan secara terus-menerus melalui sistem            2. Continuous network monitoring through the network’s real-
    monitoring realtime network (NMS).                                    time monitoring system (NMS).
3. Pemantauan server secara terus-menerus melalui sistem              3. Continuous server monitoring through the server’s real-time
    monitoring realtime server.                                           monitoring system.
4. Pemantauan aplikasi secara terus-menerus melalui sistem            4. Continuous application monitoring through the application’s
    monitoring realtime application.                                      real-time monitoring system.
5. Pemantauan end point secara terus-menerus melalui sistem           5. Continuous endpoint monitoring through the endpoint’s real-
    monitoring realtime endpoint.                                         time monitoring system.
6. Pemantauan keamanan siber secara terus-menerus melalui             6. Continuous cybersecurity monitoring through the real-
    sistem monitoring realtime security information and event             time monitoring systems of security information and event
    management (SIEM) dan Security Operations Center (SOC).               management (SIEM) and Security Operations Center (SOC).

Mekanisme tersebut telah mampu mendeteksi dan memberikan              These mechanisms have demonstrated the capability to detect and
peringatan dini terhadap potensi gangguan TI, sehingga gangguan       issue early warnings regarding potential IT disruptions, facilitating
dapat diantisipasi dan dimitigasi dengan lebih cepat dan efektif.     swift and efficient anticipation and mitigation of such disruptions.



Strategi Keamanan Sistem Siber (Cyber Security)                       Cyber Security System Strategy
Perseroan menerapkan strategi keamanan sistem siber di                The Company implemented a cybersecurity strategy in the IT
lingkungan TI secara konsisten pada tahun 2024. Strategi ini          environment consistently in 2024. This strategy can maintain the
mampu menjaga keamanan TI perusahaan dari berbagai ancaman,           Company’s IT security from various threats, such as cyberattacks,
seperti serangan siber, malware, dan pelanggaran data. Strategi ini   malware, and data breaches. This strategy includes:
mencakup:                                                             1. Network protection with firewalls.
1. Perlindungan jaringan dengan firewall.                             2. Application protection with web application firewalls (WAF).
2. Perlindungan aplikasi dengan Web Application Firewall (WAF).       3. Computer and server protection with endpoint security.
3. Perlindungan komputer dan server dengan endpoint security.         4. Implementation of the Multi-factor authentication system for
4. Implementasi multi-factor authentication system.                       application and Critical System.
5. Analisis keamanan siber dengan SIEM.                               5. Cybersecurity analysis with SIEM.
6. Monitoring sistem dengan NMS.                                      6. System monitoring with NMS.

Strategi/Proses Pemulihan Bencana (Disaster                           Disaster Recovery Strategy/Process
Recovery)
Perseroan merancang dan menerapkan strategi/proses pemulihan          The Company properly designed and implemented a disaster
bencana (disaster recovery) di lingkungan TI dengan baik pada         recovery strategy/process in the IT environment in 2024. This
tahun 2024. Strategi/proses ini telah mampu memastikan bahwa          strategy/process has been able to ensure that the Company’s
sistem TI perusahaan dapat dipulihkan dengan cepat dan efisien        IT systems can be recovered quickly and efficiently in case of a




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jika terjadi bencana. Strategi/proses ini mencakup:                    disaster. This strategy/process includes:
1. Duplikasi data dan sistem ke lokasi cadangan.                       1. Data and system duplication to backup locations.
2. Pembentukan tim pemulihan bencana sebagai bagian dari               2. Formation of disaster recovery teams as part of the BCMS.
     BCMS.                                                             3. Routine testing of DR strategies/processes.
3. Pengujian rutin terhadap strategi/proses DR.

PROGRAM KERJA DAN REALISASI DI BIDANG                                  WORK PROGRAM AND REALIZATION IN THE
TEKNOLOGI INFORMASI 2024                                               INFORMATION TECHNOLOGY FIELD IN 2024
Departemen IS berkomitmen untuk melakukan pengelolaan TI               The IS Department is committed to optimizing IT management
secara optimal dan memberikan pelayanan terbaik di lingkungan          and providing the best service within Elnusa Group in accordance
Elnusa Group sesuai dengan SLA yang disepakati. Sebagai program        with the agreed SLA. As a cross-functional digitalization program
digitalisasi lintas fungsi dengan standar pengembangan aplikasi yang   with integrated application development standards, the use
terintegrasi, penggunaan aplikasi bisnis proses yang terintegrasi      of integrated business process applications can maintain the
dapat menjaga konsistensi proses, data dan informasi. Hal ini dapat    consistency of processes, data, and information. It can make
membuat proses bisnis menjadi lebih cepat dan efisien. Dengan          business processes faster and more efficient. With this integration,
integrasi ini, data yang terkumpul dapat digunakan untuk menjadi       the data collected can be used to become reliable information
informasi yang dapat dipercaya (single source of truth).               (single source of truth).

Pengembangan aplikasi yang ada mencakup aplikasi baru,                 The development of existing applications includes new
pengembangan modul dan sub modul baik di Elnusa maupun                 applications, module and sub module development both in Elnusa
pengembangan di Anak Perusahaan. Digitalisasi proses                   and development in Subsidiaries. Digitalization of integrated end-
bisnis menyeluruh yang terintegrasi terus dilanjutkan dan              to-end business processes continues and is implemented, including
diimplementasikan, di antaranya aplikasi Business Support              Business Support System applications, Online RKAP, Online CIP,
System, RKAP Online, CIP Online, Sport Center Portal & Tenant          Sport Center Portal & Tenant Services Online and others. These
Services Online dan lain-lain. Pengembangan ini dilakukan untuk        developments were carried out to support business processes in
mendukung bisnis proses di Perseroan dan di Anak Perusahaan            the Company, its subsidiaries, and many functions such as Human
dan di banyak fungsi seperti Human Capital, Keuangan, Operasi,         Capital, Finance, Operations, Procurement, Procedures, GA, and
Pengadaan, Prosedure, GA dan lainnya.                                  others.

Departemen IS juga melakukan migrasi beberapa aplikasi lama            The IS Department also migrated several existing applications
ke arsitektur dan teknologi yang terbaru untuk mendukung               to the latest architecture and technology to support increased
peningkatan kemanan, kemudahan pengembangan, pemeliharaan              security, ease of development, maintenance, and agility of IT
dan agility sistem TI.                                                 systems.

Tahun 2024 merupakan tahun yang penuh tantangan untuk                  The year 2024 is a challenging year for the IS Department, with
Departemen IS, dengan maraknya serangan siber terutama yang            the increasing number of cyber attacks, especially those targeting
menargetkan ke perusahaan sektor energi dan pendukungnya.              energy sector companies and their supporters. It makes the
Hal ini membuat Perseroan melalui Departemen IS lebih waspada          Company, through the IS Department, more vigilant so as to
sehingga melakukan peningkatan keamanan sistem yang ada,               improve the security of existing systems and create new policies
membuat kebijakan-kebijakan baru yang berhubungan dengan               related to information technology security, such as:
keamanan teknologi informasi seperti:                                  1. Implementation of endpoint security throughout Elnusa
1. Implementasi end point security di seluruh Elnusa Group,                Group,
2. Implementasi IT architecture terbaru,                               2. Implementation of the latest IT architecture,
3. Upgrade Endpoint Security dan operating system server,              3. Upgrade of Endpoint Security and server operating system,
4. Upgrade dan penambahan firewall.                                    4. Upgrade and addition of firewalls.

Dalam hal mengetahui tingkat kematangan keamanan siber (Cyber          In terms of knowing the level of cyber security maturity (Cyber
Secruity Maturity) di lingkungan PT Elnusa Tbk, Perseroan menjalin     Security Maturity) within PT Elnusa Tbk, the Company collaborates
kerja sama dengan Badan Siber dan Sandi Negara (BSSN). Dengan          with the National Cyber and Crypto Agency (BSSN). By knowing
diketahuinya tingkat kematangan tersebut diharapkan perusahaan         the level of maturity, the Company is expected to get an overview
mendapatkan gambaran tentang kekuatan dan kelemahan yang               of the strengths and weaknesses that need to be improved in
perlu ditingkatkan pada setiap aspek keamanan siber.                   every aspect of cyber security.

Hasil pengukuran Cyber Security Maturity (CSM) di tahun 2024,          Based on the results of the Cyber Security Maturity (CSM)
PT Elnusa Tbk mendapatkan skor 4,21 sehingga dapat ditentukan          measurement in 2024, PT Elnusa Tbk received a score of 4.21, so
bahwa level kematangannya ada pada Level 4, yaitu Implementasi         it can be determined that the maturity level is at Level 4, namely




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Terkelola. PT Elnusa Tbk juga melakukan pengukuran Tingkat          Managed Implementation. PT Elnusa Tbk also measured BSSN’s
Maturitas Penanganan Insiden (TMPI) BSSN dengan Indeks              Incident Handling Maturity Level (TMPI) with a Maturity Index of
Kematangan 3,82 dan Level Kematangan Tingkat 4 (Dynamic).           3.82 and Maturity Level 4 (Dynamic).



PENGEMBANGAN PRODUK TEKNOLOGI                                       DEVELOPMENT OF INFORMATION
INFORMASI 2024                                                      TECHNOLOGY PRODUCTS IN 2024
Pada tahun 2023, Perseroan melakukan perubahan struktur             In 2023, the Company changed its organizational structure and
organisasi dan strategi bisnis. Perubahan ini menggabungkan         business strategy. This change merged the IS Department into the
Departemen IS ke Divisi PMGS dan pengalihan bisnis teknologi        PMGS Division and transferred the IoT technology business to a
IoT ke anak perusahaan (PT. Sigma Cipta Utama) menjadikan           subsidiary (PT. Sigma Cipta Utama), making the IS Department
Departemen IS kembali memfokuskan kegiatannya kepada                refocus its activities on IT services within the Elnusa Group.
layanan TI di lingkungan Elnusa Group. Namun, inovasi ataupun       However, technology product innovation or development remains
pengembangan produk teknologi tetap dilanjutkan.                    to be continued.

Salah satu pengembangan produk di tahun 2024 adalah aplikasi        One of the product developments in 2024 is an integrated
Business Support System yang terpadu, penggunaan aplikasi ini       Business Support System application. The use of this application
bertujuan untuk meningkatkan keandalan pengendalian internal        aims to improve the reliability of internal controls related to
terkait verifikasi, pencatatan dan pembayaran transaksi keuangan,   verification, recording, and payment of financial transactions,
sehingga menunjang kinerja perusahaan dalam mencapai                thereby supporting company performance in achieving its goals.
tujuan perusahaan. Selain itu juga dilakukan penambahan dan         In addition, the addition and implementation of the Sales &
implementasi modul Sales & Distribution di sistem ERP Perseroan     Distribution module in the Company’s ERP system was also carried
untuk meningkatkan support bisnis di anak perusahaan.               out to improve business support in subsidiaries.

INVESTASI TI DI TAHUN 2024                                          IT INVESTMENT IN 2024
Investasi dalam Teknologi Informasi (TI) sangat penting bagi        Investment in Information Technology (IT) is crucial to the
operasional bisnis Perseroan. Investasi dalam pengembangan TI       Company’s business operations. Investment in IT development
juga menjadi salah satu cara untuk memastikan bahwa Perseroan       is also one of the means to ensure that the Company continues
terus berkembang dan tetap dapat menjalankan bisnis tanpa           to thrive and remain capable of conducting business without
gangguan. Dalam hal ini, upaya yang dilakukan Perseroan adalah      interruption. In this regard, the Company has made efforts
dengan meningkatkan kompetensi sumber daya dan melakukan            to improve the competence of its resources and upgrade its
peremajaan perangkat.                                               equipment.

Investasi dalam kompetensi sumber daya akan memastikan bahwa        Investment in resource competencies will ensure that the
staf perusahaan memiliki pengetahuan dan keterampilan yang          Company’s staff have the necessary knowledge and skills to
diperlukan untuk mengatasi tantangan yang dihadapi saat ini         overcome current and future challenges. Several trainings that
dan masa depan. Beberapa pelatihan yang sudah dilaksanakan          have been implemented are Digital Forensic, Security for Engineer,
adalah Digital Forensic, Security for Engineer dan Secure Coding    and Secure Coding for Application Developer.
for Application Developer.

Kemudian, peremajaan perangkat akan memastikan bahwa                Furthermore, device rejuvenation will ensure that the Company
perusahaan memiliki teknologi yang tepat guna sehingga dapat        has the right technology so that it can assist in overcoming business
membantu mengatasi tantangan bisnis dan memenuhi kebutuhan          challenges and meeting business needs. Regarding the need for
bisnis. Terkait kebutuhan upgrade teknologi, pengamanan system,     technology upgrades and system security, in 2024, including server
di tahun 2024 diantaranya dilakukan peremajaan server, firewall,    upgrades, firewalls, web application firewalls, operating systems,
web application firewall, operating system dan endpoint security.   and endpoint security. Overall, in 2024, the Company invested
Secara keseluruhan, pada tahun 2024, Perseroan telah melakukan      Rp1.65 billion in IT.
investasi TI sebesar Rp1,65 miliar.



RENCANA KE DEPAN                                                    FUTURE PLANS
Pada tahun 2025, Perseroan melalui Departemen IS, sebagai           In 2025, the Company through the IS Department, as part of
bagian dari Transformasi Digital yang berkelanjutan, akan terus     the sustainable Digital Transformation, will continue to develop
melakukan pengembangan sistem TI untuk mendukung keamanan           IT systems to support information security, Business Process
informasi, Digitalisasi Proses Bisnis serta Inovasi Digital.        Digitalization, and Digital Innovation.




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Kemudian, dalam menjalankan tata kelola IT dan pemanfaatan          Furthermore, in carrying out IT governance and utilizing the latest
Teknologi terbaru khususnya dibidang Teknologi Informasi,           technology, especially in the field of Information Technology, the IS
Departemen IS terus mengembangkan talent, knowledge, system,        Department continues to develop the talent, knowledge, systems,
dan ecosystem yang dibutuhkan.                                      and ecosystem needed.

Transformasi Digital akan terus dilanjutkan dengan lebih fokus      Digital Transformation will be continued with more focus on:
pada:
1. Improvement & Utilization existing Aplikasi                      1. Improvement & Utilization of existing Application
2. Pengembangan Analytical Dashboard & Artificial Intelligence      2. Development of Analytical Dashboard & Artificial Intelligence
    (AI) dengan memanfaatkan data yang sudah terkumpul di              (AI) by utilizing data that has been collected in the Company’s
    BigData Perseroan                                                  BigData
3. Penyelesaian proses migrasi arsitektur Aplikasi                  3. Completion of Application architecture migration process
4. Standardisasi dan Integrasi Arsitektur Pengembangan Aplikasi     4. Standardization and Integration of Application Development
    ke Anak Perusahaan                                                 Architecture to Subsidiaries
5. Standardisasi dan Integrasi Arsitektur Keamanan Sistem IT ke     5. Standardization and Integration of IT System Security
    Anak Perusahaan                                                    Architecture to Subsidiaries
6. Peningkatan platform pengembangan aplikasi, Big Data dan         6. Improvement of application development platform, Big Data,
    Analytical Dashboard System                                        and Analytical Dashboard System
7. Meningkatkan resilient dalam keamanan siber dengan               7. Improving resilience in cybersecurity by rejuvenating IT
    peremajaan sistem IT serta sosialisasi terkait cyber security      systems and socializing cybersecurity awareness to all
    awareness kepada seluruh karyawan                                  employees
8. Peningkatan Budaya Digital khususnya untuk mencapai Data         8. Improving Digital Culture, specifically to achieve Data-Driven
    Driven Organization                                                Organization
9. Sertifikasi ISO 27001                                            9. ISO 27001 Certification




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Rantai Pasok
Supply Chain




KEBIJAKAN PENGADAAN BARANG DAN JASA                                  POLICY OF THE PROCUREMENT OF GOODS
                                                                     AND SERVICES
PT Elnusa Tbk (“Elnusa”, “Perseroan”) terus menunjukkan              PT Elnusa Tbk (“Elnusa,” “the Company”) continues to demonstrate
komitmennya dengan memberikan perhatian besar terhadap               its commitment by paying great attention to the supply partners
mitra pemasok dalam ekosistem Perseroan. Upaya ini dilakukan         in the Company’s ecosystem. This effort is executed with the
dengan harapan bahwa setiap mitra dapat memberikan pelayanan         expectation that each partner can provide the best service, as well
terbaik, serta memastikan kelancaran operasional perusahaan.         as ensure the Company’s smooth operations. The involvement of
Keterlibatan mitra yang andal dan berkompeten sangat penting         reliable and competent partners is essential in strengthening the
dalam memperkuat fondasi bisnis dan meningkatkan efisiensi           business foundation and improving operational efficiency.
operasional.

Sebagai bagian penting dalam proses pengadaan barang dan             As a crucial part of the goods and services procurement process,
jasa, Elnusa telah memiliki dan menerapkan kebijakan dalam           Elnusa established and implemented a policy for managing supply
pengelolaan mitra pemasok. Hal tersebut dilakukan sejak dari         partners. Starting from the registration process to become a
proses pendaftaran untuk menjadi mitra, Perseroan menerapkan         partner, the Company applies specific criteria so that only qualified
kriteria khusus, sehingga hanya mitra kerja yang berkualitas dapat   partners can cooperate with the Company.
bekerja sama dengan Perseroan.

Sejak tahun 2022 Elnusa sudah melakukan enhancement portal           Since 2022, Elnusa has enhanced the Vendor Management System
pendaftaran aplikasi Vendor Management System dalam direktori        application registration portal in the main directory of the Elnusa
utama website Elnusa dengan alamat: https://vms.elnusa.co.id/        website at https://vms.elnusa.co.id/login. The development of
login. Pengembangan aplikasi tersebut juga merupakan bagian          the application is also part of the application of the transparency
dari penerapan prinsip transparansi dalam proses pengadaan           principle in the procurement process of goods and services and
barang dan jasa serta peluasan sumber (sourcing). Kemudian pada      the expansion of sources (sourcing). Later in 2024, the Company
tahun 2024, Perseroan melakukan penambahan jumlah mitra              increased the number of partners or commonly called Approved
kerja atau biasa disebut Approved Vendor List (AVL) sebanyak 230     Vendor List (AVL) by 230 AVL, thereby increasing the total from
AVL, sehingga secara total naik dari 1.118 menjadi 1.348 AVL di      1,118 to 1,348 AVL within the holding.
lingkungan holding.

Setelah mendapatkan informasi yang cukup tentang profil calon        After obtaining sufficient information about the profile of
mitra yang mendaftar sebagai rekanan, Tim Elnusa melakukan           prospective partners who register as associates, the Elnusa Team
verifikasi. Kegiatan ini dilakukan untuk memastikan legalitas dan    conducts verification to ensure that legality and competence are
kompetensi yang dimiliki sesuai dengan standar yang dibutuhkan.      in accordance with the required standards. In addition, it ensures
Selain itu, memastikan fasilitas penunjang yang dimiliki sesuai      that the supporting facilities owned are in accordance with the
dengan bisnis yang ditawarkan.                                       business offered.

Sebelum menjadi mitra Elnusa yang melakukan pekerjaan dengan         Before becoming an Elnusa partner who performs work with a high
tingkat risiko tinggi, calon mitra Perseroan harus melalui tahapan   level of risk, prospective partners of the Company must go through
prakualifikasi Contractor Safety Management System (CSMS) dan        the Contractor Safety Management System (CSMS) & Contractor
Contractor Quality Management System (CQMS). Para mitra harus        Quality Management System (CQMS) prequalification stage.
memiliki nilai cukup untuk mendapatkan nomor identifikasi dan        The partners must have sufficient scores to get an identification
menjadi Approved Vendor List Elnusa.                                 number and become Elnusa’s Approved Vendor List.




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Prakualifikasi CSMS merupakan sistem pengelolaan aspek                 CSMS prequalification is a system of managing aspects of
Keselamatan, Kesehatan Kerja, dan Lindungan Lingkungan (K3LL)          Occupational Safety, Health, and Environmental Protection (K3LL)
oleh mitra kerja/vendor dalam pelaksanaan pekerjaannya.                by work partners/vendors in carrying out their work. Meanwhile,
Sedangkan prakualifikasi CQMS adalah metode pengukuran                 CQMS prequalification is a measurement method to assess
untuk menilai bahwa suatu perusahaan mengelola day to day              that a company manages day-to-day operations in accordance
operasional sesuai dengan prinsip-prinsip kualitas kerja serta         with the principles of work quality and meets the performance
memenuhi persyaratan kinerja yang diterapkan oleh Elnusa.              requirements applied by Elnusa.

CSMS FULL CYCLE                                                        CSMS FULL CYCLE
Penerapan CSMS full cycle oleh Perseroan, terutama pada kegiatan       The implementation of full-cycle CSMS by the Company, especially
operasional dengan risiko menengah dan tinggi, menunjukkan             in medium and high-risk operational activities, indicates Elnusa’s
komitmen Elnusa terhadap keselamatan dan kepatuhan terhadap            commitment to safety and regulatory compliance. A review and
regulasi. Proses kajian dan evaluasi yang dilakukan oleh Divisi HSSE   evaluation process is conducted by the HSSE Division to ensure
untuk memastikan bahwa setiap tahap operasional berjalan sesuai        that every stage of operations runs in accordance with applicable
dengan ketentuan keselamatan yang berlaku. Kebijakan ini tidak         safety provisions. This policy not only protects workers and the
hanya melindungi pekerja dan lingkungan, tetapi juga mendukung         environment but also supports smooth operations by mitigating
kelancaran operasional dengan memitigasi potensi risiko.               potential risks.

Pemenuhan proses CSMS full cycle dilakukan untuk memastikan            Fulfillment of the full-cycle CSMS process is carried out to ensure
para mitra kerja telah menjalankan tahapan proses CSMS secara          that partners have completed the stages of the CSMS process
lengkap satu siklus. Proses ini merupakan bagian dari mitigasi         in one cycle. This process is part of risk and hazard mitigation
risiko dan bahaya untuk mencegah terjadinya accident, yang kerap       to prevent accidents, which are often caused by partners’ HSSE
ditimbulkan dari kinerja HSSE mitra kerja yang tidak sesuai standar    performance that does not meet established standards.
yang ditetapkan.

Tahapan proses CSMS dimaksud adalah sebagai berikut:                   The stages of the CSMS process are as follows:




                                       Risk                  Pre                        Contracted
                                    Assessment           Qualification                    Work

                                                Selection                   C
                                             Contract Award
                                                                            S
                                  Pre Job Activity          Work in
                                                                            M
                                                            Progress
                                                                            S           Contractor
                                             Final Evaluation                           Data Bank




       Risk                  Pre                   Selection             Pre Job             Work in               Final
       Assessment            Qualification                               Activity            Progress              Evaluation




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1. Risk Assesment                                                     1. Risk Assessment
   Memastikan proses Identifikasi Bahaya & Kaji Risiko (Hazard           Ensures the Hazard Identification & Risk Assessment (HIRA)
   Identification & Risk Assessment/HIRA) telah dilakukan                process has been conducted for every work stage to be
   terhadap setiap tahap pekerjaan yang akan dilakukan, baik             performed, whether it involves services or materials. The
   yang bersifat jasa ataupun material. Hasil dari proses HIRA ini       results of the HIRA process determine the risk categories/
   berupa penetapan kategori/level risiko dari pekerjaan yang            levels of the work to be performed.
   akan dilakukan.
2. Prakualifikasi                                                     2. Prequalification
   Memastikan proses prakualifikasi sudah diterapkan kepada              Ensures the prequalification process has been applied to all
   seluruh mitra kerja sesuai dengan kategori/level risiko               vendors according to risk categories/levels of their work.
   pekerjaannya. Hasil dari proses prakualifikasi ini adalah daftar      The results of the prequalification process provide a list of
   rekomendasi vendor/mitra kerja terpilih yang memenuhi                 recommended vendors who meet HSSE criteria.
   kriteria HSSE.
3. Selection (HSSE Plan)                                              3. Selection (HSSE Plan)
   Proses ini bertujuan untuk memilih calon mitra kerja terbaik          This process aims to select the best prospective vendors
   yang memenuhi persyaratan HSSE yang telah ditetapkan oleh             who meet the HSSE requirements set by the Company. The
   PT Elnusa Tbk. Hasil dari proses ini adalah dokumen HSSE              outcome of this process is the HSSE Plan document detailing
   Plan yang berisi rincian kegiatan pengelolaan aspek HSSE oleh         the HSSE management activities of the prospective working
   calon mitra kerja.                                                    partner.
4. Pre Job Activity (PJA)                                             4. Pre Job Activity (PJA)
   Memastikan proses Pre Job Activity (PJA) telah dilaksanakan           Ensures the Pre-Job Activity (PJA) process has been carried
   kepada seluruh mitra kerja sebelum pekerjaan dimulai. Hasil           out for all vendors before work commences. The outcome of
   dari proses PJA ini adalah kesiapan personel, peralatan dan           the PJA process ensures employee readiness, equipment, and
   elemen lain yang telah memenuhi standar HSSE.                         other elements meet HSSE standards.
5. Work in Progress (WIP)                                             5. Work in Progress (WIP)
   Setelah melalui proses pengadaan dan mitra kerja                      After going through the procurement process, the work
   mendapatkan penghargaan untuk menjalankan pekerjaan                   partner obtains an offer to carry out work within Elnusa. In a
   di lingkungan Elnusa. Dalam kurun waktu tertentu, Elnusa              specified timeframe, Elnusa conducts reviews of the partner’s
   melakukan review atas pekerjaan yang dilakukan perusahaan             work implementation on-site. The review ensures that the
   mitra dengan melihat secara langsung pelaksanaan pekerjaan            partner performs work according to the quality principles
   di lapangan. Hasil review akan memastikan perusahaan                  specified by CQMS and OHS, allowing for accident-free
   melakukan pekerjaan sesuai prinsip-prinsip kualitas yang              completion of work and achieving operational plan results.
   sudah di tentukan oleh CQMS dan K3 agar pekerjaan dapat               The WIP implementation involves representatives from
   selesai tanpa kecelakaan serta mendapatkan hasil yang sesuai          Operations, SCM, CQMS, and HSSE.
   dengan rencana operasional. Pelaksanaan WIP ini dihadiri
   oleh perwakilan dari Operations, SCM dan CQMS dan HSSE.
6. Final Evaluation (FE)                                              6. Final Evaluation (FE)
   Memastikan proses final evaluation/penilaian akhir terhadap           Ensures the final evaluation process towards the vendor
   mitra kerja telah dipenuhi segera setelah pekerjaan selesai.          is conducted promptly after the work is completed. The
   Hasil dari proses FE ini adalah penilaian atas kinerja dan            outcome of the FE process is an assessment of the vendors’
   kepatuhan HSSE mitra kerja dari pekerjaan yang telah                  HSSE performance and compliance with the work, serving as a
   dilaksanakan, sebagai rekomendasi kemitraan selanjutnya.              recommendation for future partnerships.

CONTRACT REVIEW MEETING (CRM)                                         CONTRACT REVIEW MEETING (CRM)
CRM merupakan pengawasan kinerja mitra kerja (vendor/                 CRM is the supervision of the working partner’s performance
subkontraktor) sesuai dengan ketentuan kontrak kerja sama yang        (vendor/subcontractor) according to the terms of the cooperation
dilakukan secara berkala selama periode kontrak. Kegiatan ini         contract conducted periodically during the contract period. This
melibatkan fungsi terkait, seperti fungsi pengguna, asset, quality,   activity involves relevant functions such as user, asset, quality,
HSSE, keuangan, dan legal.                                            HSSE, finance, and legal.




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Tujuan dari aktivitas tersebut adalah untuk melakukan review         The purpose of this activity is to strategically review the
secara strategis terhadap kinerja mitra Elnusa dalam memenuhi        performance of Elnusa’s partners in meeting the agreed-upon
Service Level Agreement (SLA) yang disepakati seperti tertuang       Service Level Agreement (SLA) as stated in the contract. CRM can be
dalam kontrak. CRM dapat dilakukan sesuai kompleksitas               conducted according to the complexity of the work. Thus, vendors
pekerjaannya. Dengan demikian, para mitra kerja diharapkan           are expected to perform work according to quality principles to
melakukan pekerjaan sesuai prinsip-prinsip kualitas agar pekerjaan   complete work on time and provide optimal performance as per
dapat selesai tepat waktu dan memberikan kinerja yang optimal        the contract.
sesuai kontrak.

DEMAND & SUPPLY ANALYSIS                                             DEMAND & SUPPLY ANALYSIS
Perseroan melakukan analisis terhadap demand dan supply              The Company analyzes the demand and supply in operational
dalam kegiatan operasional. Analisis tersebut digunakan untuk        activities. The analysis is used to determine the right procurement
menentukan kebijakan pengadaan yang tepat bagi semua                 policy for all of Elnusa’s operational needs. Therefore, the goal
kebutuhan operasional Elnusa. Dengan demikian, tujuan kinerja        of better, faster, cheaper, and closer SCM performance can be
SCM yang semakin baik, cepat, murah, dan dekat (better, faster,      achieved.
cheaper, & closer) dapat tercapai.

LOGISTICS SERVICES                                                   LOGISTICS SERVICES
Kegiatan logistics services memiliki peran yang sangat penting       Logistics services play a crucial role in supply chain management.
dalam supply chain management. Dengan merencanakan,                  By planning, implementing, and controlling the flow and storage
mengimplementasikan, dan mengendalikan aliran serta                  of goods effectively and efficiently, logistics supports the smooth
penyimpanan barang secara efektif dan efisien, logistik mendukung    running of business processes from the point of origin to the point
kelancaran proses bisnis dari titik asal hingga titik konsumsi.      of consumption. The application of the Warehouse Management
Penerapan teknologi seperti Warehouse Management System              System (WMS) technology allows the Company to better manage
(WMS) memungkinkan Perseroan untuk mengelola kompleksitas            the complexity of logistics activities, from modeling and analyzing
kegiatan logistik dengan lebih baik, mulai dari pemodelan            the flow of goods to visualizing and optimizing the process.
dan analisis aliran barang hingga visualisasi dan optimalisasi       Combined with the use of the Enterprise Resource Planning
prosesnya. Ditambah dengan penggunaan aplikasi Enterprise            (ERP) software application, the Company can improve integration
Resource Planning (ERP) software, Perseroan dapat meningkatkan       and overall resource management. The development of internal
integrasi dan pengelolaan sumber daya secara menyeluruh.             information technology competencies is essential to ensure that
Pengembangan kompetensi teknologi informasi internal sangat          this system runs well and supports operational efficiency. With
penting untuk memastikan bahwa sistem ini berjalan dengan            the use of this technology, the Company can not only accelerate
baik dan mendukung efisiensi operasional. Dengan penggunaan          the distribution process but also ensure accuracy and precision in
teknologi ini, Perseroan tidak hanya dapat mempercepat proses        meeting customer needs.
distribusi, tetapi juga memastikan akurasi dan ketepatan dalam
memenuhi kebutuhan pelanggan.

Adapun kegiatan logistik yang dilakukan, di antaranya mencakup:      The logistics activities carried out include:
1. Pengelolaan jasa transportasi baik itu ekspor-impor,              1. Transportation services management, including export-
   pengurusan custom clearance, dan jasa transportasi (mob/              import, customs clearance, and local transportation services
   demob) lokal.                                                         (mob/demob).
2. Pengelolaan persediaan mulai dari pengelolaan master              2. Inventory management, including master data material
   data material, pengelolaan permintaan, penerimaan,                    management, demand management, receipt, storage, and
   penyimpanan, dan pengeluaran barang.                                  issuance of goods.
3. Pengelolaan warehouse mulai dari standardisasi spesifikasi,       3. Warehouse management, including standardization of
   optimalisasi layout dan fasilitas warehouse, kepatuhan                specifications, optimization of warehouse layout and facilities,
   terhadap peraturan pemerintah, serta memberikan jaminan               compliance with government regulations, and ensuring the
   kesehatan dan keamanan untuk personel yang bekerja di                 health and safety of employees working within the warehouse.
   dalamnya.

Lebih lanjut, Perseroan juga menerapkan sistem Vendor Managed        Furthermore, the Company also implemented a Vendor Managed
Inventory (VMI), yang menyediakan tempat di gudang bagi para         Inventory (VMI) system, which provides warehouse space for work
mitra kerja untuk dapat mendekatkan stock persediaan mereka ke       partners to bring their inventory closer to end users.
end user.




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            Business Support Functions




ELSA SCM                                                              ELSA SCM
Elnusa telah memiliki sistem Source to Pay (S2P) terintegrasi         Elnusa has an integrated and paperless Source-to-Pay (S2P)
dan paperless dalam satu platform, sebagai bagian dari program        system in one platform as part of the SCM development program,
pengembangan SCM, yaitu ELSA SCM. Dalam tools ini, seluruh            namely ELSA SCM. In this tool, all goods and services procurement
kegiatan pengadaan barang dan jasa sejak awal request hingga          activities from the initial request to closing can be conducted in
closing dapat dilakukan dalam satu pintu, yaitu ELSA SCM.             one door, namely ELSA SCM. The dashboard in SCM can identify
Dashboard dalam SCM dapat mengidentifikasi segala kegiatan di         all activities within. This system provides procurement services
SCM. Sistem ini memberi layanan pengadaan dengan Service Level        with a Service Level Agreement (SLA) that can be measured and
Agreement (SLA) yang dapat diukur dan dianalisis.                     analyzed.

VENDOR PERFORMANCE EVALUATION                                         VENDOR PERFORMANCE EVALUATION
Perseroan mengelompokkan mitra kerja Elnusa menjadi 3 (tiga)          The Company categorizes Elnusa’s vendors into 3 (three) segments
segmen sesuai dengan kompetensinya yakni Strategic (memiliki          according to their competencies, namely Strategic (has long-
kontrak jangka panjang), Preffered (digunakan untuk menunjang         term contracts), Preferred (used to support the Company’s core
kegiatan operasional inti Perseroan), dan Indirect/Transactional      operational activities), and Indirect/Transactional Operation (used
Operation (digunakan untuk menunjang kegiatan operasional             to support operational activities that are not the Company’s main
yang bukan kompetensi utama Perseroan dan bersifat transaksi          competencies and are non-routine transactions, one-time POs, or
tidak rutin, one time PO, atau pekerjaan-pekerjaan yang memiliki      low-risk jobs). Performance measurement is carried out from the
risiko rendah). Pengukuran kinerja dilakukan sejak mitra kerja        time the vendor obtains the job until the completion of the job
mendapatkan pekerjaan hingga selama menyelesaikan pekerjaan           from Elnusa.
dari Elnusa.

VENDOR ANNUAL MEETING (VAM)                                           VENDOR ANNUAL MEETING (VAM)
Kegiatan Vendor Annual Meeting (VAM) merupakan program kerja          The Vendor Annual Meeting (VAM) activity is a work program to
untuk memberikan wawasan kepada mitra kerja guna meyakinkan           provide insight to our vendors to convince Elnusa that our vendors
Elnusa bahwa mitra kerja memiliki kompetensi dan kapabilitas          have the necessary competencies and capabilities. Thus, it can
yang diperlukan. Dengan demikian, dapat memenuhi komitmen             fulfill the commitment to the work as needed.
terhadap pekerjaan sesuai dengan kebutuhan.

Perseroan menyelenggarakan kegiatan VAM yang dilaksanakan             The Company held a VAM on July 9, 2024, at Udaya Room, Graha
pada tanggal 9 Juli 2024 di Ruang Udaya, Gedung Graha Elnusa,         Elnusa Building, Jakarta. The event was attended by 200 business
Jakarta. Acara ini dihadiri sebanyak 200 mitra usaha secara offline   partners offline and 215 business partners through live Zoom,
dan 215 mitra usaha melalui live zoom, yang diselenggarakan           which was held as Elnusa’s effort to maintain harmonious working
sebagai upaya Elnusa dalam menjaga hubungan kerja sama yang           relationships and improve positive aspects of collaboration with
harmonis dan meningkatkan aspek kolaborasi yang positif dengan        vendors.
para mitra kerja.

Beberapa materi yang disampaikan dalam acara tersebut antara          Several materials presented at the event included AKHLAK Values
lain nilai-nilai AKHLAK sebagai pedoman perilaku sehari-hari,         as a guideline for daily behavior, Elnusa 2024 Business Outlook,
Elnusa, 2024 Business Outlook, digital supply chain management        digital supply chain management outlook, aspects of taxation
outlook, aspek perpajakan dalam pengadaan barang dan jasa,            in procurement of goods and services, and certainly material
serta tentunya materi mengenai HSSE.                                  on HSSE.




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Elnusa juga senantiasa berupaya memperkuat proses bisnis            Elnusa also constantly strives to strengthen business processes by
dengan mengimplementasikan digitalisasi dalam banyak hal,           implementing digitalization in many ways, especially in the process
terutama dalam proses pengadaan barang dan jasa mulai dari          of procuring goods and services, starting from the Sourcing
proses Sourcing sampai proses Payment (S2P) dengan tujuan untuk     process to the Payment process (S2P) to increase procurement
meningkatkan efisiensi pengadaan, namun tetap mengedepankan         efficiency while still promoting the principles of transparency and
prinsip-prinsip transparansi dan dapat diaudit.                     auditability.

KOMPOSISI MITRA KERJA
Partner Composition
                     Uraian                         2024                 2023                            Description
 Mitra Kerja Lokal                                          2.249                2.365                                   Local Partners
 Mitra Kerja Asing                                            57                   60                                  Foreign Partners
 Jumlah                                                     2.306                2.425                                                Total


NILAI PEMBELIAN
Purchase Value
                                                                                                                        Rp miliar | Rp billion

                     Uraian                         2024                 2023                            Description
 Mitra Kerja Lokal                                      9.903,58             9.946,90                                    Local Partners
 Mitra Kerja Asing                                         601,78               267,13                                 Foreign Partners
 Jumlah                                               10.505,36             10.214,03                                                 Total




                                                                                         2024 Annual Report PT ELNUSA Tbk              173
Page 176

          
Page 177
ANALISIS DAN
PEMBAHASAN
MANAJEMEN
Management Discussion & Analysis
176    Tinjauan Perekonomian dan Industri                                    232 Informasi dan Fakta Material yang Terjadi setelah Tanggal Laporan
       Economic and Industry Overview                                               Akuntan
                                                                                    Material Information and Facts Occurring after the Accountant’s
182    Tinjauan Operasi per Segmen Usaha
                                                                                    Report Date
       Operational Review per Business Segment

210    Tinjauan Keuangan                                                     232 Dampak Nilai Tukar Mata Uang Asing
       Financial Review                                                             Impact of Foreign Exchange Rates

210    Standar Penyajian Informasi dan Kesesuaian terhadap Standar           233 Prospek Usaha
       Akuntansi Keuangan                                                           Business Prospect
       Information Reporting Standards and Compliance with Financial         234 Aspek Pemasaran
       Accounting Standards                                                         Marketing Aspect

226    Struktur Modal dan Kebijakan Manajemen atas Struktur Modal            237 Kebijakan Dividen dan Pembagiannya
       Capital Structure and Management Policy on Capital Structure                 Dividend Policy and Its Distribution

228    Ikatan yang Material untuk Investasi Barang Modal                     238 Kontribusi terhadap Negara melalui Perpajakan
       Material Commitment for Capital Expenditure                                  Contribution to the Country through Taxation

229    Realisasi Penggunaan Dana Penawaran Umum                              239 Informasi Transaksi Material yang Mengandung Benturan
       Realization of Proceeds from Public Offering                                 Kepentingan dan/atau Transaksi dengan Pihak Afiliasi/Pihak Berelasi
                                                                                    Information on Material Transactions Containing Conflicts of Interest
229 Informasi Material mengenai Investasi, Ekspansi, Divestasi,                     and/or Transactions with Affiliated/Related Parties
       Penggabungan Usaha, Akuisisi, dan/atau Restrukturisasi
       Utang/Modal                                                           243 Informasi Kelangsungan Usaha
       Material Information on Investment, Expansion, Divestment, Business          Information on Business Sustainability
       Merger, Acquisition, and/or Debt/Capital Restructuring
                                                                             244 Laporan Pencapaian Kpi Dan Tingkat Kesehatan Perusahaan
230 Perbandingan antara Target Anggaran dengan Realisasi, dan                       KPI Achievement Report and Company Health Level
       Proyeksi Usaha
       Comparison between Budget Targets and Realization, and Business
       Outlook
Page 178
            ANALISIS DAN PEMBAHASAN MANAJEMEN
            Management Discussion and Analysis




Tinjauan Perekonomian dan Industri
Economic and Industry Overview




TINJAUAN EKONOMI                                                      ECONOMIC REVIEW
Kinerja perekonomian global pada tahun 2024 mengalami                 The performance of the global economy in 2024 slowed down
perlambatan dibandingkan tahun sebelumnya. Menurut proyeksi           compared to the previous year. According to projections by the
International Monetary Fund (IMF), pertumbuhan ekonomi                International Monetary Fund (IMF), global economic growth
global berada pada angka 3,2%, lebih rendah dari tahun 2023           will be at 3.2%, lower than in 2023, which was 3.3. This decline
yaitu sebesar 3,3. Penurunan ini dipengaruhi oleh ketegangan          was influenced by global political tensions, including the Russia-
politik global, termasuk konflik Rusia-Ukraina dan serangan Israel    Ukraine conflict and Israel’s attacks on Palestine. In addition, the
ke Palestina. Selain itu, terpilihnya kembali Presiden Trump di       re-election of President Trump in the US with the “America First”
AS dengan kebijakan “America First” menambah ketidakpastian           policy adds to global uncertainty because it has the potential to
global karena berpotensi mengubah lanskap geopolitik dan              change the geopolitical and economic landscape of the world.
perekonomian dunia.

Pola pertumbuhan antarnegara juga menunjukkan divergensi              Growth patterns between countries also show divergence due to
akibat fragmentasi ekonomi dan perdagangan global. Negara maju        global economic and trade fragmentation. Developed countries
seperti Amerika Serikat mengalami pertumbuhan yang didorong           such as the United States are experiencing growth driven by loose
oleh kebijakan moneter longgar dan pasar tenaga kerja yang kuat.      monetary policy and a strong labor market. In contrast, China faces
Sebaliknya, Cina menghadapi tantangan penurunan konsumsi              the challenge of declining consumption and an unstable property
dan sektor properti yang belum stabil. Jepang juga mengalami          sector. Japan also experienced a decline due to supply disruptions.
penurunan akibat gangguan pasokan. Uni Eropa menunjukkan              The European Union showed recovery, while the ASEAN-5
pemulihan, sementara ASEAN-5 (Indonesia, Malaysia, Filipina,          (Indonesia, Malaysia, the Philippines, Singapore, and Thailand)
Singapura, dan Thailand) mengalami pertumbuhan lebih tinggi,          experienced higher growth, driven by recovering consumption
didorong oleh pemulihan konsumsi dan ekspor, meskipun masih           and exports, although still facing uncertainties over trade policy
menghadapi ketidakpastian kebijakan perdagangan dan inflasi.          and inflation.


                PERTUMBUHAN EKONOMI
                Economic Growth
                Sumber | Source : IMF, BPS
    6

    5

    4

    3

    2

    1

    0
              Global              Amerika        Uni Eropa           China            Jepang           Indonesia          ASEAN-5
    -1                             Serikat
                                                      2022            2023           2024




Di Indonesia, Badan Pusat Statistik (BPS) mencatat pertumbuhan        In Indonesia, the Central Statistics Agency (BPS) recorded
ekonomi sebesar 5,03% pada tahun 2024, sedikit melambat               economic growth of 5.03% in 2024, slightly slower than 2023
di bandingkan tahun 2023 sebesar 5,05%, akibat penurunan              at 5.05%, due to a decrease in export contributions, weakening
kontribusi ekspor, melemahnya daya beli masyarakat, kontraksi         purchasing power, contraction of the manufacturing sector, and
sektor manufaktur, dan tantangan ekonomi global. Dari sisi            global economic challenges. In terms of business field growth,
pertumbuhan lapangan usaha pertumbuhan tertinggi terjadi              the highest growth occurred in the Other Service Business Field
pada Lapangan Usaha Jasa Lainnya sebesar 9,80%. Sementara             at 9.80%. Meanwhile, the highest growth in terms of expenditure




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                                                                                                                      ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                                         Management Discussion and Analysis




itu, pertumbuhan tertinggi dari sisi pengeluaran dicapai oleh                          was achieved by the Consumption Expenditure Component of
Komponen Pengeluaran Konsumsi Lembaga Nonprofit yang                                   Non-Profit Institutions Serving Households (PK-LNPRT) at 12.48%.
Melayani Rumah Tangga (PK-LNPRT) sebesar 12,48%.

Di sisi lain, pada tahun 2024 menurut data Badan Pusat Statistik                       On the other hand, in 2024, according to data from the Central
(BPS) inflasi Indonesia menurun menjadi 1,57% dibandingkan                             Statistics Agency (BPS), Indonesia’s inflation decreased to 1.57%
tahun 2023 yang mencapai 2,61%. Adapun penurunan inflasi ini                           compared to 2023, which reached 2.61%. The decrease in inflation
dikontribusikan adanya kebijakan pemerintah terkait penurunan                          was contributed to by government policies related to reducing
harga pangan pokok. Sementara itu, komoditas lain di luar                              staple food prices. Meanwhile, other commodities outside this
kelompok tersebut yang turut mendorong inflasi 2024, yakni                             group that also drove inflation in 2024 were gold jewelry with a
perhiasan emas dengan andil 0,35%.                                                     contribution of 0.35%.



                                        INFLASI INDONESIA
                                        Inflation in Indonesia
                                        Sumber | Source : BPS

                                                5,51


                                                                         2,6

                                                                                              1,57




                                               2022                      2023                2024




Dari nilai tukar rata-rata Rupiah pada tahun 2024 terhadap                             The average exchange rate of the Rupiah in 2024 against the
dolar Amerika Serikat (AS) tercatat sebesar Rp15.859 per                               United States (US) dollar was recorded at Rp15,859 per US dollar,
dolar AS, melemah 4,34% (point-to-point) atau 3,74% (rerata)                           weakening by 4.34% (point-to-point) or 3.74% (average) compared
dibandingkan dengan level 2023 dan melampaui asumsi APBN                               to the 2023 level and exceeding the 2024 state budget assumption,
2024 yang dipatok pada Rp15.000 per dolar AS. Pelemahan ini                            which was set at Rp15,000 per US dollar. This weakening is lower
lebih rendah dibandingkan dengan nilai tukar mata uang negara                          compared to the exchange rates of other developing countries. The
berkembang lainnya. Perkembangan nilai tukar Rupiah sepanjang                          development of the Rupiah exchange rate throughout 2024 has an
tahun 2024 memberikan pengaruh terhadap harga investasi aset                           impact on the price of the Company’s investment assets obtained
Perseroan yang diperoleh melalui impor sehingga nilai Rupiah                           through imports, where the deeper depreciation of the Rupiah will
yang terdepresiasi lebih dalam tentu akan meningkatkan harga                           certainly increase the price of the investment equipment.
peralatan investasi tersebut.




                                    NILAI TUKAR
                                    Exchange Rate
                                    Sumber | Source : BI
        16.500,00


        16.000,00


        15.500,00


        15.000,00


        14.500,00
                      Jan   Feb   Mar    Apr   May     Jun   Jul   Aug   Sep    Oct   Nov   Dec   Jan   Feb   Mar   Apr   May   Jun   Jul   Aug   Sep   Oct   Nov   Dec
                                                        2023                                                                     2024




                                                                                                                    2024 Annual Report PT ELNUSA Tbk                      177
Page 180
            ANALISIS DAN PEMBAHASAN MANAJEMEN
            Management Discussion and Analysis




Dengan perlambatan ekonomi global, dinamika geopolitik, dan            With the global economic slowdown, geopolitical dynamics,
ketidakpastian pasar global dapat mempengaruhi permintaan              and global market uncertainty can affect energy demand and
energi dan meningkatkan volatilitas harga energi yang berdampak        increase energy price volatility which impacts the Company’s
biaya operasional Perseroan. Namun, pertumbuhan ekonomi                operating costs. However, Indonesia’s economic growth shows
Indonesia menunjukkan pertumbuhan ekonomi yang stabil di               stable economic growth amidst global uncertainty, this provides
tengah ketidakpastian global, hal ini memberikan peluang bagi          an opportunity for the Company to strengthen the domestic
Perseroan untuk memperkuat pasar domestik, yang dapat menjadi          market, which can be a reference for the Company’s financial
acuan pertumbuhan kinerja keuangan Perseroan.                          performance growth.

Perseroan dapat memanfaatkan pertumbuhan sektor jasa                   The Company can take advantage of the growth of other service
lainnya, terutama yang terkait dengan infrastruktur energi dan         sectors, especially those related to energy infrastructure and
teknologi. Walaupun tantangan global dapat mempengaruhi                technology. Although global challenges can affect the funding of
pendanaan proyek-proyek besar, kebijakan pemerintah Indonesia          large projects, the Indonesian government’s policy that focuses on
yang berfokus pada penguatan sektor infrastruktur memberikan           strengthening the infrastructure sector provides an opportunity
peluang bagi Perseroan untuk mengembangkan proyek dan tetap            for the Company to develop projects and maintain stable
menjaga kinerja yang stabil.                                           performance.

TINJAUAN INDUSTRI                                                      INDUSTRY REVIEW
Pada tahun 2024, harga minyak mentah global mengalami                  In 2024, global crude oil prices fluctuate influenced by various
fluktuasi yang dipengaruhi oleh berbagai faktor ekonomi dan            economic and geopolitical factors. Based on data from the U.S.
geopolitik. Berdasarkan data dari U.S. Energy Information              The Energy Information Administration (EIA), the average price of
Administration (EIA), harga rata-rata minyak mentah Brent tercatat     Brent crude oil was recorded at USD 81 per barrel, slightly lower
sebesar USD81 per barel, sedikit lebih rendah dibandingkan             than USD 82 per barrel in 2023. Throughout the year, Brent prices
dengan USD82 per barel pada tahun 2023. Sepanjang tahun, harga         moved in the range of USD 70 to USD 90 per barrel, where pressure
Brent bergerak dalam kisaran USD70 hingga USD90 per barel, di          from increased production from non-OPEC+ countries and weak
mana tekanan dari peningkatan produksi negara-negara non-              demand were the main factors in the price decline. Meanwhile, the
OPEC+ serta permintaan yang melemah menjadi faktor utama               price of West Texas Intermediate (WTI) crude oil showed a similar
penurunan harga. Sementara itu, harga minyak mentah West               trend to Brent, supported by record oil production in the United
Texas Intermediate (WTI) menunjukkan tren yang serupa dengan           States which reached 13.5 million barrels per day in October 2024.
Brent, didukung oleh rekor produksi minyak di Amerika Serikat
yang mencapai 13,5 juta barel per hari pada Oktober 2024.

Di sisi lain, harga minyak mentah Indonesia (Indonesian Crude Price/   On the other hand, the price of Indonesian Crude Price (ICP) also
ICP) juga mengalami fluktuasi sepanjang tahun 2024. Berdasarkan        fluctuated throughout 2024. Based on the report of the Ministry
laporan Kementerian Energi dan Sumber Daya Mineral (ESDM),             of Energy and Mineral Resources (ESDM), the ICP was recorded at
ICP tercatat sebesar USD83,79 per barel pada Maret 2024,               USD 83.79 per barrel in March 2024, an increase of USD 3.69 from
mengalami peningkatan USD3,69 dari bulan sebelumnya. Namun,            the previous month. However, in June 2024, the ICP decreased to
pada Juni 2024, ICP mengalami penurunan menjadi USD79,31               USD 79.31 per barrel, which continued until December 2024 at a
per barel, yang berlanjut hingga Desember 2024 dengan harga            price of USD 71.61 per barrel. This decline was mainly influenced
sebesar USD71,61 per barel. Penurunan ini terutama dipengaruhi         by the weakening global economy and the strengthening of the
oleh pelemahan ekonomi global serta penguatan nilai tukar dolar        US dollar exchange rate, which put pressure on energy commodity
AS yang menekan harga komoditas energi. Perkembangan harga             prices. The development of oil prices greatly affects the Company’s
minyak sangat berpengaruh pada kinerja Perseroan. Jika harganya        performance. If the price is stable, it means that more oil and gas
stabil, berarti semakin banyak aktivitas migas yang dilaksanakan       activities are being carried out, thus creating job opportunities for
sehingga menjadi peluang pekerjaan untuk jasa yang dilayani oleh       the services provided by the Company.
Perseroan.




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                                                                                                               ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                                  Management Discussion and Analysis




                                        DINAMIKA HARGA MINYAK MENTAH
                                        Crude Oil Price Dynamics
                                        Sumber | Source : EIA, ESDM


     95
     90
     85
     80
     75
     70
     65
     60
              Jan   Feb   Mar   Apr   May   Jun   Jul   Aug   Sep   Oct   Nov   Dec   Jan   Feb   Mar   Apr    May   Jun   Jul   Aug   Sep   Oct   Nov   Dec
                                             2023                                                                     2024



Di sisi lifting, pada tahun 2024 lifting minyak bumi Indonesia                   On the lifting side, in 2024, Indonesia’s oil lifting experienced
mengalami penurunan yang signifikan. Tingkat penurunan lifting                   a significant decline. The rate of decline in lifting reached 579.7
(decline rate) mencapai 579,7 Thousand Barrels of Oil Per Day                    Thousand Barrels of Oil Per Day (mbopd), down from 605.5
(mbopd), turun dari 605,5 (mbopd) pada tahun sebelumnya.                         (mbopd) in the previous year. This realization is also below the
Realisasi ini juga berada di bawah target Anggaran Pendapatan                    State Budget (APBN) target of 645 (mbopd). This decline indicates
dan Belanja Negara (APBN) sebesar 645 (mbopd). Penurunan ini                     ongoing challenges in the upstream oil sector, including technical
mengindikasikan tantangan berkelanjutan di sektor hulu minyak                    production constraints, declining reserves in old fields, and delays
bumi, termasuk kendala teknis produksi, penurunan cadangan                       in new well development projects.
di lapangan tua, dan keterlambatan proyek pengembangan
sumur baru.

Berbeda dengan minyak bumi, lifting gas bumi menunjukkan                         In contrast to oil, natural gas lifting showed an increase. In 2024,
peningkatan. Pada tahun 2024, realisasi lifting gas bumi tercatat                the realization of natural gas lifting was recorded at 1,026.1 million
sebesar 1.026,1 juta million standard cubic feet per day (mmscfd),               standard cubic feet per day (mmscfd), up from 960 (mmscfd) in
meningkat dari 960 (mmscfd) pada tahun sebelumnya. Namun,                        the previous year. However, this figure is still slightly below the
angka ini masih sedikit di bawah target APBN 2024 sebesar 1.033                  2024 APBN target of 1,033 (mmscfd). The increase in natural
(mmscfd). Peningkatan lifting gas bumi ini dapat mencerminkan                    gas lifting can reflect improvements in production, optimization
perbaikan dalam produksi, optimalisasi proyek gas yang lebih                     of more efficient gas projects, and increased domestic demand
efisien, serta peningkatan permintaan domestik yang mendorong                    that drives more stable production. Currently, 67% of natural gas
produksi lebih stabil. Saat ini, 67% konsumsi gas bumi digunakan                 consumption is used for domestic needs, while 33% is exported.
untuk kebutuhan domestik, sementara 33% diekspor.

Bagi Perseroan, fluktuasi dalam kinerja lifting hulu migas ini menjadi           The fluctuations in upstream oil and gas lifting performance are a
faktor kunci dalam menentukan strategi bisnis ke depan. Semakin                  key factor in determining the Company’s future business strategies.
tinggi lifting migas, semakin besar pula peluang bagi perusahaan                 The higher the oil and gas lifting, the greater the opportunity for
dalam menjual jasanya, baik di sektor eksplorasi, pengeboran,                    the Company to sell its services, both in the exploration, drilling,
maupun perawatan sumur. Selain itu, dengan meningkatnya                          and well maintenance sectors. In addition, with the increasing role
peran gas bumi dalam proporsi energi nasional, Perseroan dapat                   of natural gas in the proportion of national energy, the Company
memanfaatkan peluang ini untuk mengembangkan kapabilitas                         can take advantage of this opportunity to develop capabilities in
dalam layanan terkait infrastruktur gas.                                         services related to gas infrastructure.




                                                                                                              2024 Annual Report PT ELNUSA Tbk            179
Page 182
            ANALISIS DAN PEMBAHASAN MANAJEMEN
            Management Discussion and Analysis




        LIFTING MINYAK INDONESIA                                   LIFTING GAS INDONESIA
        Indonesia Oil Lifting                                      Indonesia Gas Lifting
        Sumber | Source : BPS                                      Sumber | Source : BPS

           660          605.5   635          579.7                     1110          960           1033      1026.1




                                                                                                                        APBN

                                                                                                                        Realisasi
                                                                                                                        Realization


                 2023                 2024                                    2023                        2024




Dari segmen downstream, konsumsi BBM bersubsidi di Indonesia                         From the downstream segment, consumption of subsidized fuel
mengalami dinamika yang signifikan dalam dua tahun terakhir.                         in Indonesia has experienced significant dynamics in the last
Konsumsi BBM Pertalite dan Solar pada tahun 2024 mengalami                           two years. Consumption of Pertalite and Solar fuel in 2024 has
penurunan dibandingkan dengan tahun 2023, bahkan di bawah                            decreased compared to 2023, even below the quota provided
kuota yang telah disediakan pemerintah tahun 2024 yaitu 31.6                         by the government in 2024, which is 31.6 million kiloliters for
Juta Kiloliter untuk Pertalite dan 16.9 Juta Kiloliter untuk Solar.                  Pertalite and 16.9 million kiloliters for Solar. This decline was
Penurunan ini diakibatkan oleh beberapa faktor seperti kebijakan                     caused by several factors, such as the subsidy restriction policy
pembatasan subsidi melalui digitalisasi MyPertamina dan adanya                       through the digitalization of MyPertamina and early indications
indikasi awal pergeseran menuju bahan bakar non subsidi atau                         of a shift towards non-subsidized fuel or electric vehicles. If the
kendaraan listrik. Jika penurunan konsumsi BBM bersubsidi                            decline in consumption of subsidized fuel continues, the volume of
terus berlanjut, maka volume distribusi BBM yang dikelola oleh                       fuel distribution managed by the Company (through downstream
Perseroan (melalui unit usaha downstream yang menangani                              business units that handle fuel transportation and logistics) may
transportasi dan logistik BBM) dapat terdampak.                                      be affected.

Namun, dengan adanya indikasi pergeseran menuju kendaraan                            However, with indications of a shift towards electric vehicles and
listrik dan bahan bakar non-subsidi membuka peluang bagi                             non-subsidized fuel, it opens up opportunities for the Company
Perseroan untuk mendiversifikasi layanan seperti masuk ke dalam                      to diversify its services, such as entering the Electric Vehicle
bisnis Electric Vehicle Ecosystem.                                                   Ecosystem business.



                                                     KONSUMSI BBM
                                                     fuel consumption
                                                     Juta kiloliter | million kiloliters

                                                       30.03          17.57       29.7            16.6




                                                                                                                        APBN
                                                                                                                        Realisasi
                                                                                                                        Realization


                                                               2023                        2024




 180    PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                   Management Discussion and Analysis




STRATEGI 2024                                                          2024 STRATEGY
Menghadapi       perkembangan,    kondisi, serta tantangan             In the midst of developments, conditions, and challenges of
ketidakpastian kondisi eksternal sebagaimana yang diuraikan            external uncertainty as described previously, Elnusa has prepared
sebelumnya, Elnusa telah mempersiapkan untuk menerapkan                to implement strategies in 2024 that include:
strategi pada tahun 2024 yang meliputi:


                      Kondisi/Tantangan                                                 Program/Rencana Strategis
                     Conditions/Challenges                                                Strategic Program/Plans
 1. Ketidakstabilan geopolitik dan perubahan kebijakan          1. Enhance People Development for Long Term Advantages:
 2. Kompetensi bisnis semakin ketat                                a. Peningkatan Kompetensi yang terstruktur dan berorientasi jangka
 3. Stagnansi pasar dan ketidakpastian pasar hulu serta masih          panjang
    terbukanya peluang market development                          b. Peningkatan Budaya HSSE, AKHLAK dan perbaikan berkelanjutan
 4. Kebutuhan peningkatan kompetensi guna menjadi pemain           c. Peningkatan Efektivitas Organisasi dan corporate management dengan
    global                                                             pendekatan berorientasi data
                                                                2. Process Optimization to Increase Competitiveness:
                                                                   a. Penguatan operation excellent dalam proses supply chain
                                                                       management, project management, dan asset management dengan
                                                                       dukungan digitalisasi
                                                                   b. Penguatan HSSE dan Sustainability dengan pedoman ESG dalam setiap
                                                                       bisnis process
                                                                   c. Peningkatan kualitas produk/ jasa sehingga meningkatkan kepuasan
                                                                       pelanggan dan daya saing
                                                                3. Encourage Business Development for More Aggressive Growth:
                                                                   a. Mendorong pertumbuhan usaha dengan optimasi existing portfolio
                                                                   b. Menciptakan recuring income dan diversifikasi bisnis dengan
                                                                       pengembangan kompetensi inti
                                                                   c. Peningkatan synergi dan kolaborasi antar Elnusa Group
                                                                   d. Peningkatan Investasi yang prudent, strategic partnership dan selective
                                                                       M&A
                                                                4. Increased Profitability and Financial Stability:
                                                                   a. Penguatan implementasi dan monitoring mitigasi risiko
                                                                   b. Melakukan peningkatan optimalisasi cost dan melakukan akselerasi
                                                                       koleksi AR
                                                                   c. Meningkatkan rasio credit rating serta menjaga covenant financial dan
                                                                       stabilitas posisi financial
                                                                   d. Percepatan peningkatan net profit dari RJPP 2026

 1. Geopolitical instability and policy changes                 1. Enhance People Development for Long Term Advantages:
 2. Increasingly tight business competencies                       a. Structured and long-term oriented competence Improvement
 3. Market stagnation and uncertainty of upstream markets and      b. HSSE Culture Improvement, AKHLAK and continuous improvement
    remaining open market development opportunities                c. Organizational Effectiveness and corporate management improvement
 4. The need to improve competencies to become a global                with a data-oriented approach
    player                                                      2. Process Optimization to Increase Competitiveness:
                                                                   a. Strengthening operation excellence in the supply chain management,
                                                                       project management and Asset management processes with
                                                                       digitalization support
                                                                   b. Strengthening HSSE and Sustainability with ESG guidelines in every
                                                                       business process
                                                                   c. Improving product/service quality to increase customer satisfaction
                                                                       and competitiveness
                                                                3. Encourage Business Development for More Aggressive Growth:
                                                                   a. Encouraging business growth by optimizing existing portfolio
                                                                   b. Creating recurring income and business diversification by developing
                                                                       core competencies
                                                                   c. Increasing Synergy and collaboration between Elnusa Group
                                                                   d. Increasing prudent Investment, strategic partnership and selective
                                                                       M&A
                                                                4. Increased Profitability and Financial Stability:
                                                                   a. Strengthening implementation and monitoring of risk mitigation
                                                                   b. Improving cost optimization and accelerating AR collection
                                                                   c. Increasing credit rating tatio and maintaining financial covenant and
                                                                       financial position stability
                                                                   d. Accelerating net profit increase from RJPP 2026




                                                                                              2024 Annual Report PT ELNUSA Tbk          181
Page 184
           ANALISIS DAN PEMBAHASAN MANAJEMEN
           Management Discussion and Analysis




Tinjauan Operasi per Segmen Usaha
Operational Review per Business Segment




Pembahasan mengenai Tinjauan Operasi per Segmen berikut             The discussion on the Operational Review per Segment below
merupakan pengelompokan kegiatan usaha PT Elnusa Tbk                is a grouping of PT Elnusa Tbk’s (“Elnusa,” “Company”) business
(“Elnusa”, “Perseroan”) yang merujuk pada Pernyataan Standar        activities referring to the Financial Accounting Standards
Akuntansi Keuangan (PSAK) 5 (Revisi 2009) tentang “Segmen           Statement (PSAK) 5 (Revised 2009) on “Operating Segments.” In
Operasi”. Sesuai dengan standar tersebut, kegiatan usaha            accordance with the standard, the Company’s business activities
Perseroan pada tahun buku 2024 terbagi menjadi 3 (tiga) segmen      in the 2024 financial year are divided into 3 (three) business
usaha: Jasa Hulu Migas, Penjualan Barang dan Jasa Distribusi dan    segments: Upstream Oil and Gas Services, Sales of Goods and
Logistik Energi, serta Jasa Penunjang Migas.                        Services Distribution and Energy Logistics , and Oil and Gas
                                                                    Support Services.

Informasi mengenai operasi masing-masing segmen dalam               Information on the operations of each segment in the segment
pelaporan segmen sebagai berikut:                                   reporting is as follows:

●   Jasa Hulu Migas Terintegrasi                                    •   Integrated Upstream Oil and Gas Services
    Jasa hulu migas terintegrasi menyediakan jasa pengukuran            Integrated upstream oil and gas services provide geophysical
    data geofisika (Seismik), jasa Pemboran Migas, jasa Oilfield        data measurement services (Seismic), Oil and Gas Drilling
    dan Engineering, Production and Construction–Operation &            services, Oilfield services and Engineering, Production, and
    Maintenance (EPC OM).                                               Construction–Operation & Maintenance (EPC OM).

●   Penjualan Barang dan Jasa Distribusi & Logistik Energi          •   Sales of Goods and Energy Distribution & Logistics Services
    Penjualan Barang dan Jasa distribusi dan logistik energi            Sales of Goods and Energy distribution and logistics services
    menyediakan jasa penyimpanan, perdagangan, pendistribusian          provide storage, trading, distribution, and marketing services
    dan pemasaran produk minyak dan gas di Indonesia.                   for oil and gas products in Indonesia.

●   Jasa Penunjang Migas                                            •   Oil and Gas Supporting Services
    Jasa penunjang migas menyediakan jasa penguliran (threading)        Oil and gas supporting services provide threading and
    dan perdagangan (trading) pipa Oil Country Tubular Goods            trading services for Oil Country Tubular Goods (OCTG)
    (OCTG) serta fabrikasi, jasa pengelolaan data dan informasi         pipes and fabrication, data management and information
    energi dan sumber daya mineral (khususnya eksplorasi dan            services for energy and mineral resources (especially oil
    eksploitasi minyak dan gas bumi), jasa pengelolaan data             and gas exploration and exploitation), oil and gas data
    migas, jasa pembangunan sistem teknologi informasi terpadu,         management services, integrated information technology
    jasa telekomunikasi, jasa penyediaan jaringan, telekomunikasi       system development services, telecommunications services,
    satelit dan sistem komunikasi Very-Small-Aperture Terminal          network provision services, satellite telecommunications and
    (VSAT), jasa penyewaan kapal untuk keperluan operasional            Very-Small-Aperture Terminal (VSAT) communication systems,
    lapangan minyak, survei seismik dan operasional bisnis              vessel charter services for oil field operations, seismic surveys,
    selain migas.                                                       and non-oil and gas business operations.

PROFITABILITAS DAN KONTRIBUSI SEGMEN                                PROFITABILITY AND CONTRIBUTION OF
OPERASI TERHADAP KINERJA KEUANGAN                                   OPERATING SEGMENTS TO FINANCIAL
                                                                    PERFORMANCE
Sekilas tentang kinerja profitabilitas dan kontribusi segmen        A brief overview of the profitability performance and contribution
operasi terhadap kinerja keuangan konsolidasi Elnusa diuraikan      of operating segments to Elnusa’s consolidated financial
melalui tabel di bawah ini.                                         performance is described in the table below.




 182    PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                        ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                           Management Discussion and Analysis




JUMLAH DAN KONTRIBUSI SEGMEN OPERASI TERHADAP PENDAPATAN
Total and Contribution of the Operating Segments to Revenue
                                                                           dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                                             Kenaikan (Penurunan)
                                  2024                            2023
                                                                                              Increase (Decrease)

   Segmen Operasi                      Kontribusi                      Kontribusi                                Kontribusi             Operating Segment
                         Jumlah                          Jumlah                              Jumlah
                                      Contribution                    Contribution                              Contribution
                          Total                           Total                               Total
                                          (%)                             (%)                                       (%)
                            (1)                             (2)                               (3=1-2)                (3:2)

Penjualan Barang dan      7.089.362               52,9    7.049.741            56,1              39.621                       0,6        Sales of Goods and
Jasa Distribusi dan                                                                                                                     Services Distribution
Logistik Energi                                                                                                                         and Energy Logistics
Jasa Hulu Migas           5.097.003               38,1    4.257.537            33,9             839.466                      19,7       Integrated Upstream
Terintegrasi                                                                                                                             Oil and Gas Services
Jasa Penunjang Migas      1.800.517               13,4    1.820.835            14,5            (20.318)                      (1,1)       Oil and Gas Support
                                                                                                                                                     Services
Rekonsiliasi              (593.869)              (4,4)    (563.722)            (4,5)           (30.147)                       5,3                Reconciliation
Jumlah Pendapatan        13.393.013              100,0   12.564.391          100,0              828.622                       6,6                 Total Income




    KONTRIBUSI TERHADAP PENDAPATAN
    Contribution to Revenue
    dalam % | in %

                 11,6%                                            13,1%




                                                                                                                             Penjualan Barang dan Jasa

                     2024                                                 2023
   37,8%                                 50,6%                                                          53,3%                Distribusi dan Logistik Energi
                                                          33,6%                                                              Sales of Goods and Services
                                                                                                                             Distribution and Energy Logistics
                                                                                                                             Jasa Hulu Migas Terintegrasi
                                                                                                                             Integrated Upstream Oil and Gas
                                                                                                                             Services
                                                                                                                             Jasa Penunjang Migas
                                                                                                                             Oil and Gas Support Services




JUMLAH DAN KONTRIBUSI SEGMEN OPERASI TERHADAP BEBAN POKOK PENDAPATAN
Total and Contribution of the Operating Segments to Cost of Revenue
                                                                           dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                                             Kenaikan (Penurunan)
                                  2024                            2023
                                                                                              Increase (Decrease)

   Segmen Operasi                      Kontribusi                      Kontribusi                                Kontribusi             Operating Segment
                         Jumlah                          Jumlah                              Jumlah
                                      Contribution                    Contribution                              Contribution
                          Total                           Total                               Total
                                          (%)                             (%)                                       (%)
                            (1)                             (2)                               (3=1-2)                (3:2)

Penjualan Barang dan      6.453.027               53,5    6.511.828            57,2            (58.801)                      (0,9)       Sales of Goods and
Jasa Distribusi dan                                                                                                                     Services Distribution
Logistik Energi                                                                                                                         and Energy Logistics
Jasa Hulu Migas           4.643.384               38,4    3.856.178            33,8             787.206                      20,4       Integrated Upstream
Terintegrasi                                                                                                                             Oil and Gas Services
Jasa Penunjang Migas      1.563.863               13,0    1.587.362            13,9            (23.499)                      (1,5)       Oil and Gas Support
                                                                                                                                                     Services
Rekonsiliasi              (592.159)              (4,9)    (560.679)            (4,9)           (31.480)                       5,6                Reconciliation
Jumlah Beban Pokok       12.068.115              100,0   11.394.689          100,0              673.426                       5,9     Total Cost of Revenue
Pendapatan




                                                                                                    2024 Annual Report PT ELNUSA Tbk                         183
Page 186
                ANALISIS DAN PEMBAHASAN MANAJEMEN
                Management Discussion and Analysis




     KONTRIBUSI TERHADAP BEBAN PENDAPATAN
     Contribution to Cost of Revenue
     dalam % | in %

                  12,4%                                                   12,5%




                                                                                                                                     Penjualan Barang dan Jasa

                      2024                                                        2023
    36,7%                                     51,0%                                                             54,2%                Distribusi dan Logistik Energi
                                                              33,4%                                                                  Sales of Goods and Services
                                                                                                                                     Distribution and Energy Logistics
                                                                                                                                     Jasa Hulu Migas Terintegrasi
                                                                                                                                     Integrated Upstream Oil and Gas
                                                                                                                                     Services
                                                                                                                                     Jasa Penunjang Migas
                                                                                                                                     Oil and Gas Support Services




JUMLAH DAN KONTRIBUSI SEGMEN OPERASI TERHADAP LABA TAHUN BERJALAN
Total and Contribution of the Operating Segments to Profit for the Year
                                                                                   dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                                                     Kenaikan (Penurunan)
                                       2024                              2023
                                                                                                      Increase (Decrease)

    Segmen Operasi                           Kontribusi                        Kontribusi                                Kontribusi             Operating Segment
                            Jumlah                            Jumlah                                 Jumlah
                                            Contribution                      Contribution                              Contribution
                             Total                             Total                                  Total
                                                (%)                               (%)                                       (%)
                              (1)                               (2)                                   (3=1-2)                (3:2)

 Penjualan Barang dan         389.244                  54,5    321.851                 64,0              67.393                      20,9        Sales of Goods and
 Jasa Distribusi dan                                                                                                                            Services Distribution
 Logistik Energi                                                                                                                                and Energy Logistics
 Jasa Hulu Migas              223.105                  31,3      67.016                13,3             156.089                  232,9          Integrated Upstream
 Terintegrasi                                                                                                                                    Oil and Gas Services
 Jasa Penunjang Migas          96.109                  13,5    107.665                 21,4            (11.556)                  (10,7)          Oil and Gas Support
                                                                                                                                                             Services
 Rekonsiliasi                       5.214               0,7           6.599              1,3             (1.385)                 (21,0)                  Reconciliation
 Jumlah Laba Tahun            713.672                 100,0    503.131               100,0              210.541                      41,8          Total Profit for the
 Berjalan                                                                                                                                                         Year




     KONTRIBUSI TERHADAP LABA TAHUN BERJALAN
     Contribution to Profit for the Year
     dalam % | in %

                  14,2%                                                   21,4%




                                                                                                                                     Penjualan Barang dan Jasa

                      2024                                                        2023
    31,3%                                     54,5%                                                             64,0%                Distribusi dan Logistik Energi
                                                              14,6%                                                                  Sales of Goods and Services
                                                                                                                                     Distribution and Energy Logistics
                                                                                                                                     Jasa Hulu Migas Terintegrasi
                                                                                                                                     Integrated Upstream Oil and Gas
                                                                                                                                     Services
                                                                                                                                     Jasa Penunjang Migas
                                                                                                                                     Oil and Gas Support Services




184      PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                         ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                            Management Discussion and Analysis




JUMLAH DAN KONTRIBUSI SEGMEN OPERASI TERHADAP ASET
Total and Contribution of the Operating Segments to Assets
                                                                            dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                                              Kenaikan (Penurunan)
                                   2024                           2023
                                                                                               Increase (Decrease)

    Segmen Operasi                       Kontribusi                     Kontribusi                                Kontribusi             Operating Segment
                          Jumlah                         Jumlah                               Jumlah
                                        Contribution                   Contribution                              Contribution
                           Total                          Total                                Total
                                            (%)                            (%)                                       (%)
                             (1)                            (2)                                (3=1-2)                (3:2)

 Penjualan Barang dan      4.046.001             38,1     3.679.254             38,3             366.747                      10,0        Sales of Goods and
 Jasa Distribusi dan                                                                                                                     Services Distribution
 Logistik Energi                                                                                                                         and Energy Logistics
 Jasa Hulu Migas           7.991.605             75,2     7.055.508             73,5             936.097                      13,3       Integrated Upstream
 Terintegrasi                                                                                                                             Oil and Gas Services
 Jasa Penunjang Migas      1.629.318             15,3     1.511.198             15,7             118.120                       7,8        Oil and Gas Support
                                                                                                                                                      Services
 Rekonsiliasi             (3.038.624)           (28,6)   (2.644.478)          (27,5)           (394.146)                      14,9                Reconciliation
 Jumlah Aset              10.628.300              100     9.601.482           100,0           1.026.818                       10,7                   Total Assets




     KONTRIBUSI TERHADAP ASET
     Contribution to Assets
     dalam % | in %

                  11,9%                                            15,7%




     29,6%                                                                                                                    Penjualan Barang dan Jasa

                      2024                                                 2023                          38,3%                Distribusi dan Logistik Energi
                                                          46,0%                                                               Sales of Goods and Services
                                                                                                                              Distribution and Energy Logistics
                                                                                                                              Jasa Hulu Migas Terintegrasi
                                        58,5%                                                                                 Integrated Upstream Oil and Gas
                                                                                                                              Services
                                                                                                                              Jasa Penunjang Migas
                                                                                                                              Oil and Gas Support Services




JUMLAH DAN KONTRIBUSI SEGMEN OPERASI TERHADAP LIABILITAS
Total and Contribution of the Operating Segments to Liabilities
                                                                            dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                                              Kenaikan (Penurunan)
                                   2024                           2023
                                                                                               Increase (Decrease)

    Segmen Operasi                       Kontribusi                     Kontribusi                                Kontribusi             Operating Segment
                          Jumlah                         Jumlah                               Jumlah
                                        Contribution                   Contribution                              Contribution
                           Total                          Total                                Total
                                            (%)                            (%)                                       (%)
                             (1)                            (2)                                (3=1-2)                (3:2)

 Penjualan Barang dan      2.385.006             41,7     2.234.171             43,1             150.835                       6,8        Sales of Goods and
 Jasa Distribusi dan                                                                                                                     Services Distribution
 Logistik Energi                                                                                                                         and Energy Logistics
 Jasa Hulu Migas           3.000.643             52,4     2.552.298             49,2             448.345                      17,6       Integrated Upstream
 Terintegrasi                                                                                                                             Oil and Gas Services
 Jasa Penunjang Migas        702.904             12,3       626.202             12,1              76.702                      12,2        Oil and Gas Support
                                                                                                                                                      Services
 Rekonsiliasi              (363.727)             (6,4)    (227.257)             (4,4)          (136.470)                      60,1                Reconciliation
 Jumlah Liabilitas         5.724.826            100,0     5.185.414           100,0              539.412                      10,4              Total Liabilities




                                                                                                     2024 Annual Report PT ELNUSA Tbk                         185
Page 188
             ANALISIS DAN PEMBAHASAN MANAJEMEN
             Management Discussion and Analysis




     KONTRIBUSI TERHADAP LIABILITAS
     Contribution to Liabilities
     dalam % | in %

                  12,3%                                                12,1%




                                                                                                                 Penjualan Barang dan Jasa

                      2024                                                     2023
    46,0%                                 41,7%                                                    43,1%         Distribusi dan Logistik Energi
                                                           44,8%                                                 Sales of Goods and Services
                                                                                                                 Distribution and Energy Logistics
                                                                                                                 Jasa Hulu Migas Terintegrasi
                                                                                                                 Integrated Upstream Oil and Gas
                                                                                                                 Services
                                                                                                                 Jasa Penunjang Migas
                                                                                                                 Oil and Gas Support Services




SEGMEN PENJUALAN BARANG DAN JASA                                          SEGMENT OF GOODS AND SERVICES SALES OF
DISTRIBUSI DAN LOGISTIK ENERGI                                            ENERGY DISTRIBUTION AND LOGISTICS
Elnusa menjalankan kegiatan bisnis hilir di bidang jasa distribusi        Elnusa carries out downstream business activities in the field of
logistik energi dikelola oleh entitas anak, yaitu Elnusa Petrofin         energy logistics distribution services managed by a subsidiary,
(EPN). EPN bergerak di bidang jasa logistik dan distribusi BBM,           namely Elnusa Petrofin (EPN). EPN is engaged in the field of fuel
terutama Jasa Transportasi BBM, Energy Storage Management                 logistics and distribution services, especially fuel transportation
(Fuel, Gas, Aviation), Industry and Marine Fuel, Lubricant dan            services, Energy Storage Management (Fuel, Gas, and Aviation),
Chemical Integrated Service. Elnusa Petrofin merupakan salah satu         Industry and Marine Fuel, Lubricant and Chemical Integrated
ujung tombak PT Pertamina (Persero) untuk menyalurkan BBM                 Service. Elnusa Petrofin is one of the forefronts of PT Pertamina
PSO (Public Service Obligation) ke seluruh penjuru Nusantara.             (Persero) to distribute PSO (Public Service Obligation) fuel
                                                                          throughout the archipelago.

Segmen usaha ini bertujuan untuk mendukung bisnis utama                   This business segment aims to support the Company’s main
Perseroan di bidang jasa hulu hilir migas. Fokus kegiatan operasinya      business in the field of upstream and downstream oil and gas
mencakup:                                                                 services. The focus of its operational activities includes:
1. Pengelolaan angkutan Bahan Bakar Minyak (BBM) dari                     1. Management of fuel transportation from Pertamina’s fuel
    Terminal BBM Pertamina ke Stasiun Pengisian Bahan Bakar                   terminal to public fuel filling stations (SPBU) and premium
    Umum (SPBU) dan Agen Premium Minyak Solar (APMS) serta                    diesel fuel agents (APMS) and bunker fuel filling stations
    Stasiun Pengisian Bahan Bakar Bunker (SPBB).                              (SPBB).
2. Pengelolaan Depo BBM milik swasta, mulai dari kegiatan                 2. Management of privately-owned fuel depots, starting from
    administrasi pembelian BBM, pengangkutan BBM,                             administrative activities of fuel purchases, fuel transportation,
    penyimpanan BBM dan penyaluran BBM di lokasi pelanggan.                   fuel storage and fuel distribution at customer locations.
3. Pengelolaan Depo LPG Milik sendiri (Amurang).                          3. Management of self-owned LPG depots (Amurang).
4. Penjualan BBM keekonomian (non subsidi) kepada pelanggan               4. Sales of economic fuel (non-subsidized) to Industrial & Marine
    Industri & Marine.                                                        customers.
5. Penjualan specialty chemical dan commodity chemical untuk              5. Sales of specialty chemicals and commodity chemicals for the
    industri migas.                                                           oil and gas industry.
6. Penjualan pelumas Pertamina kepada pelanggan swasta.                   6. Sales of Pertamina lubricants to private customers.
7. Pengelolaan operasional SPBU dan SPBE milik sendiri dan milik          7. Operational management of self-owned and privately-owned
    swasta dengan metode profit sharing, yang menjual produk                  gas stations and gas stations with a profit-sharing method,
    BBM dan BBK serta pengisian produk LPG bersubsidi produksi                which sells fuel and gas products as well as filling subsidized
    Pertamina.                                                                LPG products produced by Pertamina.




 186    PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                  ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                     Management Discussion and Analysis




Proses Kegiatan usaha jasa hilir migas dapat digambarkan sebagai         The downstream oil and gas service business activity process can
berikut:                                                                 be described as follows:




                                                            Transportasi Industri             Industri
                                                                  Industrial               & Pengapalan
                                                               Transportation                Industrial
         KILANG MINYAK                                                                      & Shipping
            Oil Refinery




                                                             Transportasi Mobil           Pangkalan Mobil
                                                                   Tangki                     Tangki
                                                                  Tank Car                 Tank Car Base
                                    DEPOT                      Transportation                                                KONSUMEN
                                    Depot                                                                                     Consumer




                                                               Transportasi                                                 Mobil Pribadi
                                                             Premium & Solar                                                 Private Car
                                                             Premium & Solar                   SPBU
             IMPOR                                            Transportation
             Import

                                                                                                                          Kendaraan Umum
                                                                                                                         Public Transportation


Proses kegiatan perdagangan bahan kimia khusus digambarkan               The process of specialty chemical trading activities is described as
sebagai berikut:                                                         follows:



     BAHAN BAKU KIMIA               PABRIK                            PRODUK KIMIA                          KONSUMEN
     Raw Material Chemical          Blending Plant                    Chemical Product                      • Perusahaan Migas
                                                                                                            • Perusahaan Kilang Minyak
                                                                                                            Consumer
                                                                                                            • Oil and Gas Company
                                                                                                            • Oil Refinery Company




Pada tahun 2024, EPN terus melakukan perbaikan berkelanjutan             In 2024, EPN continued to make continuous improvements and
dan merealisasikan sejumlah strategi pengembangan agar semua             implement a variety of development strategies to enable all
unit bisnis dapat tumbuh. Hasilnya, pertumbuhan terjadi pada             business units to grow. As a result, growth occurred in almost all
hampir semua unit bisnis, baik dari sisi operasional maupun              business units, both operationally and financially, compared to the
finansial dibandingkan dengan tahun lalu.                                previous year.

Peningkatan di tahun 2024 berasal dari pertumbuhan volume                The increase in 2024 came from the growth in the volume of
proyek existing dan penambahan 31 kelola baru selama tahun               existing projects and the addition of 31 new managements
2024 antara lain yaitu ekspansi bisnis Transportasi BBM & non            during 2024, including the expansion of the Fuel & Non-Fuel
BBM (APMS Udara, FMS LPG, BWP Meruap, PLN Arun, 39 titik                 Transportation business (Air APMS, FMS LPG, BWP Meruap, PLN
angkutan Polri), Project Fuel Petrochemical Service (penambahan          Arun, and 39 Polri transportation points), Fuel Petrochemical
kelola 4 Franco & 2 VHS), Project Joint Operation & Infrastructure       Service Project (additional management of 4 Franco & 2 VHS),
(ATG/LTSA Maintenance, Drum Avtur Gas) serta project Chemical            Joint Operation & Infrastructure Project (ATG / LTSA Maintenance,
(Drilling Fluid PHE OSES, SLS PHR, RU VI Balongan, Totetank PHE          Avtur Gas Drum), and Chemical projects (Drilling Fluid PHE OSES,
ONWJ, PPD RU III Plaju, Liquid treatment service PHM dan specialty       SLS PHR, RU VI Balongan, Totetank PHE ONWJ, PPD RU III Plaju,
chemical lainnya).                                                       Liquid treatment service PHM, and other specialty chemicals).




                                                                                                2024 Annual Report PT ELNUSA Tbk                 187
Page 190
           ANALISIS DAN PEMBAHASAN MANAJEMEN
           Management Discussion and Analysis




Fuel & Petrochemical Service atau biasa disebut Depo VHS Franco      Fuel & Petrochemical Service or commonly referred to as VHS
menambah pengelolaan project baru di tahun 2024, yaitu Franco        Franco Depot, added new project management in 2024, namely
(Bukit Prima Bahari, Texcal, SMO, Baramulti) dan VHS (PHKT,          Franco (Bukit Prima Bahari, Texcal, SMO, Baramulti) and VHS
GBPC). Dengan demikian, sampai akhir tahun 2024, EPN mengelola       (PHKT, GBPC). Therefore, until the end of 2024, EPN managed 64
64 Depo VHS Franco. Dari sisi operasi Depo VHS Franco juga           VHS Franco Depot. In terms of operations, VHS Franco Depot also
mengalami peningkatan volume dibandingkan tahun lalu seiring         experienced an increase in volume compared to the previous year
dengan meningkatnya kebutuhan Customer karena peningkatan            in line with the increasing needs of Customers due to increased
produksi batu bara, yang mayoritas pengelolaan Depo VHS Franco       Coal production, where the majority of VHS Franco Depot
di sektor Tambang.                                                   management is in the Mining sector.

Joint Operation & Infrastructure (JOI) atau biasa disebut Depo JOI   In 2024, Joint Operation & Infrastructure (JOI), or commonly
di tahun 2024 mengalami peningkatan volume thruput, terutama         referred to as JOI Depot, experienced an increase in throughput
pada project aviasi (DPPU/Depot Pengisian Pesawat Udara) dan         volume, especially in aviation projects (DPPU/Aircraft Filling Depot)
TBBM Pulau Laut (Adaro). Hal ini seiring dengan peningkatan          and TBBM Pulau Laut (Adaro). This is in line with the increase in
aktivitas Masyarakat pada terutama pada Lokasi DPPU yang             community activities, especially in DPPU locations managed by
dikelola EPN di antaranya yang cukup signifikan DPPU Lampung,        EPN, including the significant DPPU in Lampung, Luwuk, Sibolga
Luwuk, Sibolga & Sitoli. Di tahun 2014 juga terdapat penambahan      & Sitoli. In 2014, there were also additional projects, namely the
project, yaitu pengadaan Drum Avtur Gas, LTSA ATG Tanjung Wangi      procurement of Avtur Gas Drums, LTSA ATG Tanjung Wangi, and
dan KSO Refueller.                                                   KSO Refueller.

Perseroan juga turut berperan aktif mendukung program                The Company also plays an active role in supporting the
Pemerintah dalam penyebaran LPG secara merata antara lain            Government’s program in distributing LPG evenly, including by
dengan pengelolaan SPBE di wilayah Bima & Nias. Sampai akhir         managing SPBE in the Bima & Nias regions. Until the end of the
tahun, EPN tercatat mengelola 25 project Depo JOI dan Ritel          year, EPN was recorded as managing 25 JOI Depots and Fuel
Bahan Bakar.                                                         Retail projects.

Di sisi lain, unit bisnis Transportasi sebagai kontributor utama     On the other hand, the Transportation business unit, as the
bagi EPN masih terus mengembangkan pengelolaan Transportasi          main contributor to EPN, continues to develop Transportation
melalui penambahan proyek baru atau titik kelola, di antaranya       management by adding new projects or management points,
APMS Udara MOR VIII (Multimoda) di Timika serta beberapa             including Air APMS MOR VIII (Multimodal) in Timika and
proyek Non BBM seperti BWP Meruap, PLN Arun, dll. Sehingga           several Non-Fuel projects such as BWP Meruap, PLN Arun, etc.
sampai akhir tahun 2024, total pengelolaan Transportasi BBM          Consequently, by the end of 2024, the total management of Fuel
mencapai 96 unit kerja.                                              Transportation reached 96 work units.

BBM Inmar di tahun 2024 melakukan terobosan baru dengan              In 2024, Inmar Fuel made a new breakthrough by adding a supply
melakukan penambahan titik supply point untuk melakukan              point to blend B35 products. Therefore, by the end of 2024, there
blending produk B35. Sehingga di akhir tahun 2024 terdapat           were several Storage blending locations, namely Palaran, Vopak-
lokasi storage blending, yaitu Depo Palaran, Vopak, Jakarta dan      Jakarta, and Pendingin Depots. In addition, EPN also has a strategy
Pendingin. Selain itu, EPN juga berstrategi untuk melakukan multi    to multi-source B0 products, ensuring that it can increase the
sourcing produk B0 sehingga dapat meningkatkan profit margin         profit margin of Inmar Fuel Sales in 2024.
penjualan BBM Inmar di tahun 2024.

EPN juga memiliki Chemical Integrated Supply & Services              EPN also has Chemical Integrated Supply & Services, which offers
yang menawarkan cakupan jasa, mulai dari upstream sampai             a range of services from upstream to downstream of the oil and
downstream industri migas. Di antaranya, meliputi drilling fluid     gas industry. These includes drilling fluid chemicals, upstream &
chemicals, upstream & refinery specialty chemicals, Chemicals for    refinery specialty chemicals, Chemicals for Enhanced Oil Recovery
Enhanced Oil Recovery (C-EOR), dan fuel additives for downstream/    (C-EOR), and fuel additives for downstream/retail business. In
retail business. Pada tahun 2024, EPN mengembangkan pasar            2024, EPN developed the market in South Sumatra and Kalimantan
di daerah Sumatera Selatan dan Kalimantan melalui perolehan          through the acquisition of the following projects: PHR, PHM North
beberapa proyek berikut: PHR, Kilang PHM North Area, PHR SSF         Area Refinery, PHR SSF, and DF PHE OSES.
dan DF PHE OSES.

Dengan beragam pengembangan dan penambahan proyek yang               With various developments and additional projects carried out
dijalankan sepanjang tahun 2024, EPN berhasil membukukan             throughout 2024, EPN managed to record income amounted to
pendapatan sebesar Rp7,09 triliun dan laba bersih Rp389,2 miliar     Rp7.09 trillion and net profit of Rp389.2 billion (NPM 5.5%). This




188     PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                  ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                     Management Discussion and Analysis




(NPM 5,5%). Pencapaian tersebut berhasil melampaui target profit         achievement managed to exceed the profit target in 2024 and also
di tahun 2024 dan juga pertumbuhan dibandingkan tahun lalu.              the growth compared to the previous year.

Dari sisi operasi, peningkatan penjualan terjadi pada hampir             In terms of operations, sales increased in almost all business units:
semua unit bisnis: Transportasi tumbuh 4%, Depo dan Retail               Transportation grew 4%, and Fuel Depot and Retail grew 11%
Bahan Bakar tumbuh 11% dibandingkan tahun lalu. Pencapaian               compared to the previous year. This achievement comes from
ini berasal dari peningkatan volume penjualan proyek existing dan        an increase in sales volume of existing projects and additional
penambahan proyek di sepanjang tahun 2024. Adapun kontribusi             projects throughout 2024. The contribution of each business unit
setiap unit bisnis terhadap pendapatan kinerja usaha EPN masing-         to EPN’s respective business performance incomes is as follows:
masing adalah sebagai berikut:

KAPASITAS USAHA EPN
EPN Business Capacity
                                                                                                        Produksi/Kapasitas
                                 Unit Bisnis                                                            Production/Capacity
                                Business Unit
                                                                                                2024                            2023
 Transportasi                Kelola mobil tangki BBM PSO dengan Pola All In       1.728 Unit                      1.907 Unit
 Transportation              Plus                                                 1.728 Units                     1.907 Units
                             Manage PSO Fuel (BBM) tank vehicles with All-In-
                             Plus Scheme
                             Kelola angkutan BBMK sistem tarif (Rp/KL/KM)         53 unit                         40 unit
                             Manage Special Fuel (BBMK) transportation tariff     53 units                        40 units
                             system (Rp/KL/KM)
                             Menyewakan mobil tangki milik sendiri ke             • 773 unit mobil tangki         • 656 unit mobil tangki
                             Pertamina (sewa mobil tangki)                          BBM                             BBM
                             Rental of Company-owned tank vehicles to             • 16 unit mobil tangki LPG      • 22 unit mobil tangki LPG
                             Pertamina (rental of fuel tank)                      • 6 unit MT Avtur               • 3 unit MT Avtur
                                                                                  • Angkutan Non BBM              • Angkutan Non BBM
                                                                                  • 773 units of Fuel tank        • 656 units of Fuel tank
                                                                                    vehicles                        vehicles
                                                                                  • 16 units of LPG tank          • 22 units of LPG tank
                                                                                    vehicles                        vehicles
                                                                                  • 6 units of Avtur MT           • 3 units of Avtur MT
                                                                                  • Non-Fuel transportation       • Non-Fuel transportation
                             Distribusi BBM subsidi ke APMS                       Jumlah transportir: 195         Jumlah transportir: 195
                             Distribution of subsidized Fuel (BBM) to APMS        Jumlah APMS: 478                Jumlah APMS: 478
                                                                                  Total transporter: 195          Total transporter: 195
                                                                                  Total APMS: 478                 Total APMS: 478
                             Pengelolaan angkutan SPBB                            Jumlah transportir: 17          Jumlah transportir: 19
                             Management of (Bunker Fuel Filling Stations          Jumlah SPBB: 25                 Jumlah SPBB: 30
                             (SPBB) transportation                                Total transporter: 17           Total transporter: 19
                                                                                  Total SPBB: 25                  Total SPBB: 30
                             Kelola angkutan Industri Pama Persada                8 unit                          8 unit
                             Manage Pama Persada Industry transportation          8 units                         8 units
                             Pengelolaan angkutan Pertashop                       Jumlah titik: 3.197             Jumlah titik: 3.171
                             Management of Pertashop transportation               Total locations: 3.197          Total locations: 3.171
                             Angkutan Pola Tarif dengan Sistem                    16 proyek (2 proyek poltasis    Jumlah transportir: 32
                             Transportation with Tarrif –Scheme System            di Kalimantan berubah           Total transporter: 32
                                                                                  menjadi FMS Kalimantan)
                                                                                  16 projects (2 poltasis
                                                                                  projects in Kalimantan
                                                                                  changed to FMS Kalimantan)
                             Angkutan Pola Tarif Avtur                            Jumlah transportir: 5           Jumlah transportir: 13
                             Transportation with Avtur-Tarrif Scheme              Total transporter: 5            Total transporter: 13
 Depot                       Fleet Safety Management System (FMS) Angkutan        Jumlah titik: 13                –
                             BBM/K                                                Total locations: 13
                             Fleet Safety Management System (FMS) for Fuel/
                             Gas Transportation
                             Fleet Safety Management System (FMS) Angkutan        Jumlah titik: 14                –
                             LPG                                                  Total locations: 14
                             Fleet Safety Management System (FMS) for Gas
                             Transportation




                                                                                                 2024 Annual Report PT ELNUSA Tbk           189
Page 192
           ANALISIS DAN PEMBAHASAN MANAJEMEN
           Management Discussion and Analysis




                                                                                                            Produksi/Kapasitas
                                    Unit Bisnis                                                             Production/Capacity
                                   Business Unit
                                                                                                    2024                            2023
                              Distribusi BBM subsidi ke APMS Multimoda Udara           Jumlah titik: 1                  –
                              Distribution of subsidized fuel to APMS Multimodal       Total locations: 1
                              Air
                              Kelola depo milik swasta dengan sistem Vendor            Kelola VHS di depo: 28 klien     Kelola VHS di depo: 27 klien
                              Held Stock (VHS)                                         Manage VHS in depots: 28         Manage VHS in depots: 27
                              Manage private-owned depots with Vendor Held             clients                          clients
                              Stock (VHS) system
Ritel Bahan Bakar (RBB)       Handling marine dengan sistem Franco                     Pelanggan: 27 klien              Pelanggan: 22 klien
Retail Fuel (RBB)             Marine handling with Franco system                       Customer: 27 clients             Customer: 22 clients
                              Joint Operation & Infrastructure                         • Kelola 8 DPPU                  • Kelola 8 DPPU
                                                                                       • TBBM Tanjung Pandan            • TBBM Tanjung Pandan
                                                                                       • TBBM Pulau Laut                • TBBM Pulau Laut
                                                                                       • Depo LPG Amurang               • Depo LPG Amurang
                                                                                       • TBBM Tembilahan                • TBBM Tembilahan
                                                                                       • Manage 8 DPPU                  • Manage 8 DPPU
                                                                                       • Tanjung Pandan TBBM            • Tanjung Pandan TBBM
                                                                                       • Pulau Laut TBBM                • Pulau Laut TBBM
                                                                                       • Amurang LPG Depot              • Amurang LPG Depot
                                                                                       • Tembilahan TBBM                • Tembilahan TBBM
Trading                       Maintenance                                              LTSA ATG MOR II, IV, MOR V,      LTSA MOR IV, WAYAME, ATG
Ritel Bahan Bakar (RBB)                                                                MOR VI LTSA BITUNG, LTSA         BITUNG, ATG NORMALISASI,
Trading                                                                                WAYAME, LTSA ATG PARE            NGS, LTSA ATG MOR II, Sewa
                                                                                       PARE. ATG Normalisasi            & Maintenance ATG Pare
                                                                                       LTSA ATG MOR II, IV, MOR V,      Pare
                                                                                       MOR VI LTSA BITUNG, LTSA         LTSA MOR IV, WAYAME,
                                                                                       WAYAME, LTSA ATG PARE            ATG BITUNG, ATG
                                                                                       PARE. ATG Normalization          NORMALIZATION, NGS, LTSA
                                                                                                                        ATG MOR II, ATG Pare-Pare
                                                                                                                        Rental & Maintenance
                              Jasa pengelolaan SPBE/SPPBE                              2 SPBE                           2 SPBE
                              Gas Station (SPBU), Bulk LPG Filling Stations (SPBE)     1 SPPBE                          1 SPPBE
                              Management Services
                              Jasa pengelolaan SPBU                                    1 SPBU                           1 SPBU
                              SPBU management services
                              Specialty Chemical                                       Pelanggan: Pertamina Group       Pelanggan: Pertamina Group
                                                                                       dan Swasta                       dan Swasta
                                                                                       Customer: Pertamina Group        Customer: Pertamina Group
                                                                                       and Private-owned                and Private-owned


REALISASI PRODUKSI
Product Realization
                                                                           Produksi
                                                   Satuan                 Production
           Volume per Unit Bisnis                                                                              Volume per Business Unit
                                                    Unit
                                                                   2024                2023
Volume Throughput Transportasi                       KL           21.022.907         20.270.506                 Throughput Transportation Volume
Volume Transportasi Non BBM                        Drum,           1.100.613             618.074      Throughput Transportation Non BBM Volume
                                                   Pile, Kg
                                                     Ton              16.836               18.475
Volume Penyaluran BBM–Depo                           KL            4.546.809           4.092.342                      BBM-Depo Distribution Volume
Volume Ritel Bahan Bakar SPBU                        KL               11.031                7.184                           SPBU Retail Fuel Volume
Volume Ritel Bahan Bakar SPBESPPBE                   Ton              49.763               47.937                      SPBESPPBE Retail Fuel Volume
Volume Depo LPG Amurang                              Ton              76.609               77.416                        Amurang LPG Depo Volume
Volume BBM Inmar                                     KL              135.697             161.481                                  Inmar BBM Volume
Trading Specialty & Mud Chemical                   Drum              227.276             236.650                 Trading Specialty & Mud Chemical
Trading Pelumas                                      KL                 4.100               2.794                                  Lubricant Trading




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                                                                                                 ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                    Management Discussion and Analysis




Proyek baru EPN sepanjang tahun 2024, antara lain:                       EPN’s new projects throughout 2024 include:


               Unit Bisnis
                                                           Proyek                                                Project
              Business Unit

 VHS                                  • PHKT                                               • PHKT
                                      • Gunung Bayan Pratama Coal (GBPC)                   • Gunung Bayan Pratama Coal (GBPC)
 FRANCO                               • TEXCAL                                             • TEXCAL
                                      • Bukit Prima Bahari                                 • Bukit Prima Bahari
                                      • Sodium Methylate Oxide (SMO)                       • Sodium Methylate Oxide (SMO)
                                      • Baramulti                                          • Baramulti
 Transportasi BBM                     • Project APMS MOR VIII (Timika)                     • Project APMS MOR VIII (Timika)
 Fuel Transportation                  • LPG MOR VII                                        • LPG MOR VII
                                      • Handling BBM Polri (39 titik)                      • Handling BBM Polri (39 points)
                                      • FMS Sampit                                         • FMS Sampit
                                      • FMS Kota Baru                                      • FMS Kota Baru
                                      • FMS LPG (7 titik)                                  • FMS LPG (7 points)
                                      • Angkutan BBM/BBK PITSA                             • PITSA Fuel/Special Fuels Transportation
 Transportasi Non BBM                 • Angkutan PTPL Expedisi                             • PTPL Expedition Transportation
 Non-Fuel Transportation              • Angkutan PTPL Katalis                              • PTPL Katalis Transportation
                                      • Angkutan BWP Meruap                                • BWP Meruap Transportation
                                      • Angkutan PLN Arun                                  • PLN Arun Transportation
                                      • Angkutan KRP (kendaraan ringan penumpang)          • KRP (light passenger vehicle) PPL Transportation
                                        PPL
                                      • Angkutan SPBP Sulsel                               • SPBP South Sulawesi Transportation
                                      • Angkutan PTK MOR II                                • PTK MOR II Transportation
 BBM Inmar                            Blending produk B35 dari Kilang                      Blending of B35 products from Refineries
 Inmar Fuel
 Lubricant                            Handling Supply Lubricant PT Timah                   Handling of PT Timah Lubricant Supply
 Chemical                             • PHR SLS                                            • PHR SLS
                                      • DFS PHE OSES                                       • DFS PHE OSES
                                      • C-EOR SSF BALAM SOUTH                              • C-EOR SSF BALAM SOUTH
                                      • PHR Soda Ash                                       • PHR Soda Ash
                                      • RU VI Balongan – Fouling Inhibitor                 • RU VI Balongan – Fouling Inhibitor
                                      • PHE ONWJ Tote Tank 350                             • PHE ONWJ Tote Tank 350
                                      • Star Energy Natuna – Paraffin Dispersant           • Star Energy Natuna – Paraffin Dispersant
                                      • RU III Plaju – Pour Point Depressant               • RU III Plaju – Pour Point Depressant
                                      • Caustic Soda Matindok                              • Caustic Soda Matindok
                                      • PHM North Area                                     • PHM North Area
                                      • PHM – Demulsifier CPA                              • PHM – Demulsifier CPA


Profitabilitas                                                           Profitability
Pada tahun 2024, total pendapatan yang dibukukan oleh segmen             In 2024, total revenue booked by the sales of goods and distribution
usaha penjualan barang dan jasa distribusi dan logistik mencapai         and logistics services business segment reached Rp7.08 trillion, an
Rp7,08 triliun, meningkat 0,6% dibandingkan tahun 2023 yang              increase of 0.6% compared to 2023 which amounted to Rp7.04
sebesar Rp7,04 triliun. Penyebabnya, terutama berasal dari               trillion. This was mainly due to an increase in thruput volume in
peningkatan volume thruput seiring dengan peningkatan aktivitas          line with the increase in community activities, the addition of
masyarakat, penambahan proyek baru, serta pengembangan                   new projects, and the development of non-BBM transportation
proyek angkutan non-BBM.                                                 projects.

Beban pokok pendapatan yang harus dikeluarkan pada tahun                 The cost of income that incurred in the financial year reached
buku mencapai Rp6,4 triliun. Dibandingkan tahun sebelumnya               Rp6.4 trillion. In comparison to the previous year, which amounted
yang Rp6,5 triliun, lebih rendah 0,9% seiring dengan penurunan           to Rp6.5 trillion, it was 0.9% lower, in line with the decrease in
pendapatan.                                                              income.

Hingga berakhirnya tahun buku 2024, laba tahun berjalan segmen           Until the end of the 2024 financial year, profit for the year from
usaha penjualan barang dan jasa distribusi dan logistik tercatat         the sales of goods and distribution and logistics services business
mencapai Rp389,2 miliar. Dibandingkan tahun 2023 yang sebesar            segment was recorded at Rp389.2 billion. In comparison to 2023,
Rp321,9 miliar, terjadi kenaikan 20,9%. Sehingga, net profit margin      which amounted to Rp321.9 billion, there was an increase of
tahun 2024 menjadi 5,5% atau tumbuh dibandingkan tahun lalu              20.9%. Therefore, the net profit margin in 2024 grew to 5.5% from
yang 4,6%.                                                               4.6% in the previous year.




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Page 194
              ANALISIS DAN PEMBAHASAN MANAJEMEN
              Management Discussion and Analysis




Rincian kinerja profitabilitas disampaikan melalui tabel di                The details of the profitability performance are presented in the
bawah ini.                                                                 table below.

KINERJA KEUANGAN DAN PROFITABILITAS SEGMEN PENJUALAN BARANG DAN JASA DISTRIBUSI DAN
LOGISTIK ENERGI
Financial Performance and Profitability of Sales of Goods and Services Distribution and Energy Logistics
                                                                              (Dalam jutaan rupiah, kecuali dinyatakan lain | In million Rupiah, unless stated otherwise)

                                                                               Kenaikan(Penurunan)
                                                                                Increase (Decrease)
     Penjualan Barang dan Jasa            2024             2023                                                             Sales of Goods and Services
                                                                              Selisih           Persentase (%)
    Distribusi dan Logistik Energi                                                                                        Distribution and Energy Logistics
                                                                            Difference          Percentage (%)
                                            (1)              (2)               (3=1-2)                  (3:2)

 Laporan Laba (Rugi)                                                                                                               Statement of Profit or Loss
 Pendapatan                               7.089.362        7.049.741               39.621                         0,6                                      Revenues
 Pendapatan eksternal                     6.781.794        6.694.064               87.730                         1,3                           External revenues
 Pendapatan antarsegmen                     307.568          355.677             (48.109)                       (13,5)                  Inter-segment revenues
 Beban Pokok Pendapatan                  (6.453.027)      (6.511.828)              58.801                        (0,9)                   Total Cost of Revenues
 Laba Kotor                                 636.335          537.913               98.422                        18,3                                   Gross Profit
 Beban Penjualan                                  (880)        (1.709)                   829                    (48,5)                              Sales Expenses
 Beban Umum dan Administrasi               (129.539)        (111.035)            (18.504)                        16,7              General and Administrative
                                                                                                                                                   Expenses
 Penghasilan Bunga                            24.328               7.602           16.726                       220,0                              Interest Income
 Beban Keuangan                             (27.761)         (29.033)                1.272                       (4,4)                         Financial Expenses
 Lain-lain–Neto                               (3.353)          (4.463)               1.110                      (24,9)                                  Others–Net
 Laba Sebelum Pajak Final dan Pajak         499.130          399.275               99.855                        25,0     Profit Before Final Tax and Income
 Penghasilan                                                                                                                                              Tax
 Beban Pajak Final                            (3.080)          (3.940)                   860                    (21,8)                         Final Tax Expenses
 Laba Sebelum Pajak Penghasilan             496.050          395.335              100.715                        25,5                  Profit Before Income Tax
 Beban pajak penghasilan                   (106.806)         (73.484)              33.322                        45,3                      Income Tax Expenses
 Laba Tahun Berjalan                        389.244          321.851               67.393                        20,9                          Profit for the Year
 Penghasilan komprehensif lain                (7.234)               296            (7.530)               (2.543,9)              Other comprehensive income
 Total Laba Komprehensif Tahun              382.010          322.147               59.863                        18,6          Total Comprehensive Profit for
 Berjalan                                                                                                                                           the Year
 Informasi-Informasi Lain                                                                                                                      Other Information
 Total Aset                               4.046.001        3.679.254              366.747                        10,0                                   Total Assets
 Total Liabilitas                         2.385.006        2.234.171              150.835                         6,8                               Total Liabilities
 Ekuitas–Neto                             1.660.995        1.445.083              215.912                        14,9                                    Equity–Net
 Penyusutan dan Amortisasi                 (320.470)        (308.754)            (11.716)                         3,8         Depreciation and Amortization
 Penambahan Aset Tetap                      165.479          216.120             (50.641)                    (23,4)                     Additional Fixed Assets



SEGMEN JASA HULU MIGAS TERINTEGRASI                                        INTEGRATED UPSTREAM OIL AND GAS
                                                                           SERVICES SEGMENT
Kegiatan pada segmen usaha hulu migas terintegrasi dilaksanakan            Activities in the integrated upstream oil and gas business segment
oleh 2 (dua) divisi di Perseroan, yaitu Divisi Upstream Services dan       are carried out by 2 (two) divisions in the Company, namely the
Divisi Engineering, Production and Construction – Operation &              Upstream Services Division and the Engineering, Production, and
Maintenance (EPC-OM). Divisi Upstream Services memiki 2 (dua)              Construction – Operation & Maintenance (EPC-OM) Division.
kelompok jasa penyelidikan dan pengolahan jasa seismik atau                The Upstream Services Division has 2 (two) groups of seismic
Geoscience & Reservoir Services (GRS) dan jasa pemeliharaan dan            investigation and processing services, or Geoscience & Reservoir
pengelolaan lapangan migas atau Oil Field Services (OFS).                  Services (GRS), and oil and gas field maintenance and management
                                                                           services, or Oil Field Services (OFS).




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                                                                                                             ANALISIS DAN PEMBAHASAN MANAJEMEN
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Proses kegiatan usaha jasa pemeliharaan dan pengelolaan                            The process of oil and gas field maintenance and management
lapangan migas secara umum terbagi menjadi:                                        services is generally divided into:
1. Jasa Intervensi Sumur (WLI): Jasa perawatan sumur yang sudah                    1. Well Intervention Services (WLI): Well maintenance services
    beroperasi, bertujuan untuk memonitor performa sumur dan                           that are already in operation, aiming to monitor well
    meningkatkan produktivitasnya (terutama yang sudah turun                           performance and increase their productivity (especially those
    produktivitasnya). Hal itu dilakukan dengan memadukan jasa                         whose productivity has decreased). This is done by combining
    utama coiled & pumping services, slickline services, welltest                      the main services of coiled & pumping services, slickline
    processing services, dan electric wireline logging.                                services, welltest processing services, and electric wireline
                                                                                       logging.
2. Jasa Pemboran & Jasa Kerja Ulang Sumur (DWO): Jasa                              2. Drilling Services & Well Workover Services (DWO): Integrated
   pemboran terintegrasi dari drilling services, drilling support                      drilling services from drilling services, drilling support services,
   services serta jasa perawatan sumur yang sudah beroperasi                           and well maintenance services that are already in operation
   yang bertujuan meningkatkan produktivitas sumur yang                                that aim to increase the productivity of existing wells.
   ada. Perpaduan ini menghasilkan solusi menyeluruh bagi                              This combination produces a comprehensive solution for
   konsumen yang memiliki permasalahan dengan sumur tua                                consumers who have problems with old wells and the process
   dan proses pembuatan sumur baru. Jasa ini juga memiliki lini                        of making new wells. This service also has a business line of
   bisnis pengolahan gas sumur menjadi tenaga listrik.                                 processing well gas into electricity.

Konsep bisnis bidang Jasa pemeliharaan dan pengelolaan lapangan                    The business concept of the field of oil and gas field maintenance
migas memiliki product line yang terdiri dari:                                     and management services has a product line consisting of:


  No.                     Group Services                                                              Product Line
   1     Drilling & Workover Services                         Drilling Services (DRS), Hydraulic Workover & Snubbing Group Services (HWS), Drilling
                                                              Support Services (DSS), Artificial Lift Services & Power (ALS & P), Well Completion Services
                                                              (WCS)
   2     Well Intervention Services                           Coiled Tubing (CTU), Cementing & Pumping Services (CPS), Electric Wireline Logging (EWL),
                                                              Slickline Services (SLS), Welltesting & Procesing Services (WPS)


        KONTRIBUSI PENDAPATAN PER BISNIS: JASA PEMELIHARAAN DAN PENGELOLAAN LAPANGAN MIGAS
        Revenue Contribution Per Business: Oil and Gas Field Maintenance and Management Services
        dalam % | in %

                                   SL                                                                                SL
                                3,5%                                                                              3,2%
                                                   HWU                                                                               HWU
                                                   20,5%                                                                             20,3%
                DFS                                                                                  DFS
              18,0%                                                                                24,7%


                                 2024                  CMT
                                                                                                                  2023                   CMT
                                                       8,5%                                                                              6,7%
              EWL                                                                                  EWL
             17,5%                                                                                13,9%
                                                    CTU                                                                               CTU
                                                    9,6%                                                                              9,1%
                          DRS                WT                                                             DRS
                         5,7%           DES 6,1%                                                           6,9%                WT
                                                                                                                          DES 5,7%
                                        7,4%                                                                              6,4%
                    MLU & H2S                        WCS                                                MLU & H2S                      WCS
                         2,9%                        0,3%                                                    2,5%                      0,8%


Kinerja Operasi dan Produksi                                                       Operational and Production Performance

A. Jasa Pemboran & Jasa Kerja Ulang Sumur (DWO)                                    A. Drilling Services & Well Workover Services (DWO)
    DWO memberikan jasa layanan di bidang drilling & workover                           DWO provides services in the field of drilling & workover
    services. Saat ini, Perseroan fokus pada onshore drilling sesuai                    services. Currently, the Company focuses on onshore drilling
    dengan kompetensi dan alat yang dimiliki, namun tetap                               in accordance with the competencies and tools it has but
    melakukan penjajakan dan pengembangan potensi pada                                  continues to explore and develop potential in offshore drilling
    offshore drilling serta panas bumi mengingat masih besarnya                         and geothermal considering the large potential for growth in
    potensi pertumbuhan pada sektor tersebut.                                           these sectors.

    Sementara pada jasa supporting drilling, yang ditawarkan                            Meanwhile, in supporting drilling services, what is offered is
    adalah mud engineering services, mud logging, H2S dan                               mud engineering services, mud logging, H₂S, and others. In




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            ANALISIS DAN PEMBAHASAN MANAJEMEN
            Management Discussion and Analysis




   lainnya. Pada jasa workover, Perseroan memberikan layanan             workover services, the Company provides services in the field
   di bidang kerja ulang sumur minyak dan gas, baik offshore             of oil and gas well workovers, both offshore and onshore. The
   maupun onshore. Jasa yang ditawarkan adalah hydraulic                 services offered are hydraulic workover services, artificial lift &
   workover services, artificial lift & power service, dan well          power services, and well completion.
   completion.

   Berikut ini adalah penjelasan masing-masing unit usaha dari           The following is an explanation of each business unit of drilling
   jasa pemboran:                                                        services:
   1. Integrated Drilling Management: Jasa manajemen untuk               1. Integrated Drilling Management: Management services to
       mengintegrasikan seluruh pelaksanaan pemboran,                        integrate all drilling implementation through drilling rigs
       melalui drilling rig dan drilling supporting.                         and drilling supporting.
   2. Drilling Rig: Jasa pelaksanaan aktivitas utama pemboran.           2. Drilling Rig: Services for implementing the main drilling
                                                                             activities.
   3. Drilling Supporting: Jasa pendukung kegiatan pemboran              3. Drilling Supporting: Supporting services for drilling
      yang meliputi:                                                         activities, including:
      - Mud Logging: Jasa untuk mengetahui parameter                         - Mud Logging: Services to determine drilling
           pemboran, termasuk jasa untuk mendeteksi                               parameters, including services to detect H₂S content
           kandungan H2S di sekitar sumur.                                        around the well.
      - Mud Engineering: Jasa untuk menyediakan material                     - Mud Engineering: Services to provide materials and
           dan lumpur                                                             mud
      - Hydrogen Sulphide Services H2S: Jasa penyediaan                      - Hydrogen Sulphide Services (H2S): Services to provide
           keamanan pemboran dari gas dan kondisi berbahaya                       drilling safety from gas and hazardous conditions in
           di area operasi pemboran.                                              the drilling operation area.
   4. Hydraulic Workover Services: Jasa pekerjaan ulang sumur            4. Hydraulic Workover Services: Well rework services with Rig
      dengan Rig Snubbing dengan tujuan menjaga performa                     Snubbing with the aim of maintaining the performance of
      sumur minyak dan gas, sehingga berproduksi sesuai                      oil and gas wells, ensuring that production is in accordance
      dengan harapan klien.                                                  with client expectations.
   5. Artificial Lift Services (ALS): Seperangkat jasa menjaga           5. Artificial Lift Services (ALS): A set of services to maintain
      produksi sumur dengan menggunakan alat bantu buatan                    well production using man-made tools. The tool used is
      manusia. Adapun alat yang digunakan adalah Electric                    the Electric Submersible Pump (ESP), which helps increase
      Submersible Pump (ESP), yang membantu meningkatkan                     production by inserting a pump into the well. In addition
      produksi dengan memasukkan pompa ke dalam sumur.                       to ESP, ALS also has a generator that uses well exhaust gas,
      Selain ESP, ALS juga memiliki genset yang berbahan bakar               allowing it to be used as electricity.
      gas buang sumur sehingga dapat dimanfaatkan menjadi
      tenaga listrik.

   Peralatan yang digunakan dalam bisnis DWO bervariasi, di              The equipment used in the DWO business varies, including
   antaranya hydraulic workver unit, drilling rig, MLU, H2S serta        hydraulic workover units, drilling rigs, MLU, H₂S, and mud
   tangki peralatan mud plant. Utilisasi peralatan dibanding             plant equipment tanks. Equipment utilization compared to
   tahun 2023 dapat dijabarkan sebagai berikut:                          2023 can be described as follows:


                                                 2024                                 2023

                                       Kapasitas           Utilitas         Kapasitas           Utilitas
                                       Capacity            Utility          Capacity            Utility

Hydraulic Workover                  11 Hydraulic Rig            97%     13 Hydraulic Rig             89%               Hydraulic Workover
Drilling Rig Services              1 Unit Drilling Rig         100%     1 Unit Drilling Rig         100%               Drilling Rig Services
Mud Logging Services             14 Unit Mud Logging           100%   14 Unit Mud Logging            95%             Mud Logging Services
H2S Remover Services              9 Unit H2S Remover           100%    9 Unit H2S Remover            92%            H2S Remover Services
Drilling Fluid Services           15 Liquid Mud Plant          100%    15 Liquid Mud Plant          100%             Drilling Fluid Services


B. Jasa Intervensi Sumur (WLI)                                        B. Well Intervention Services (WLI)
   Jasa WLI menawarkan jasa perawatan sumur migas. Segmen                WLI services offer oil and gas well maintenance services.
   jasa ini memiliki 4 (empat) lini bisnis utama: electric wireline      This service segment has 4 (four) main business lines:
   logging services, coiled & pumping services, slickline services,      electric wireline logging services, coiled & pumping services,




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   dan welltesting & processing services. Sebaran wilayah               slickline services, and welltesting & processing services. The
   operasinya dari Sumatera, Jawa hingga Kalimantan.                    distribution of its operational areas is from Sumatra and Java
                                                                        to Kalimantan.

   Kompetensi peralatan yang dimiliki pada jasa tersebut                The equipment competencies owned by these services cover
   mencakup untuk kebutuhan di area offshore dan onshore.               the needs in offshore and onshore areas. The following is an
   Berikut penjelasan dari masing-masing bisnis yang                    explanation of each business that supports WLI:
   mendukung WLI:
   1. Electric Wireline Services: Jasa pelayanan perforasi,             1. Electric Wireline Services: Perforation services,
       evaporasi logging sumur migas dan panas bumi dengan                 evaporation logging of oil and gas and geothermal wells
       menggunakan peralatan logging. Proses perforasi dan                 using logging equipment. The perforation and evaporation
       evaporasi dilakukan dengan cara mengambil data sumur                process is carried out by taking well data, which is used
       yang digunakan untuk mengetahui kondisi dan keadaan                 to determine the condition and state of the well as a
       sumur sebagai bahan pengambil keputusan treatment                   decision-making material for well treatment that needs to
       sumur yang perlu dikerjakan.                                        be carried out.
   2. Coiled & Pumping Services: Jasa pelayanan intervensi              2. Coiled & Pumping Services: Well intervention services
       sumur dengan menggunakan peralatan coiled tubing yang               using coiled tubing equipment assisted by pumping
       dibantu peralatan pompa-pompa yang dapat memompa                    equipment that can pump fluids and chemicals to restore
       fluida dan chemical untuk mengembalikan kondisi sumur               well conditions according to the client’s program.
       sesuai dengan program klien.
   3. Slickline Services: Jasa pelayanan intervensi sumur dengan        3. Slickline Services: Well intervention services using Slickline
       menggunakan peralatan Slikcline Unit dan peralatan                  Unit equipment and well support equipment are used to
       bantu sumur yang digunakan untuk membersihkan scale                 clean scale in oil and gas production wells.
       pada sumur produksi minyak dan gas bumi.
   4. Welltesting & Processing Services: Jasa pelayanan sumur           4. Welltesting & Processing Services: Production well
       produksi dengan menggunakan peralatan dan pemisahan                 services using equipment and oil separation, ensuring
       minyak bumi sehingga bisa mendapatkan data kondisi                  that data on the condition of oil and gas produced by the
       minyak dan gas yang diproduksi oleh sumur. Minyak dan               well can be obtained. The oil and gas are evaluated and
       gas bumi tersebut dievaluasi serta dimanipulasi di atas             manipulated above ground, allowing production to be
       tanah sehingga produksinya dapat dijaga dan ditingkatkan.           maintained and increased.

   Terkait dengan peralatan yang digunakan WLI serta tingkat            The table below details the equipment used by WLI and the
   utilisasinya untuk mendukung kegiatan operasi selama tahun           rate at which it was utilized to support operational activities in
   2024 dibanding dengan tahun 2023, diuraikan melalui tabel di         2024 as opposed to 2023.
   bawah ini.


                                                2024                                 2023

                                     Kapasitas           Utilitas         Kapasitas              Utilitas
                                     Capacity            Utility          Capacity               Utility

Coiled Tubing                     5 Coil Tubing Unit        100%      5 Coil Tubing Unit            100%             Hydraulic Workover
Cementing                         4 Cementing Unit            96%     5 Cementing Unit                65%            Drilling Rig Services
Slickline                       12 Portable Slick Line        85%    12 Portable Slick Line           72%          Mud Logging Services
Testing Barge                      9 Testing Barge          100%        3 Testing Barge             100%          H2S Remover Services
Surface Testing                   5 Surface Testing         100%       5 Surface Testing            100%           Drilling Fluid Services
Drill Steam                      6 Mobile Welltest          100%             4 DST                  100%                      Drill Steam
Wireline Logging Services               3 DST               100%       19 Unit Wireline               89%      Wireline Logging Services
                                                                           Logging
                                  19 Units Wireline           92%   3 Wireline Combo Units            92%
                                      Logging




                                                                                              2024 Annual Report PT ELNUSA Tbk      195
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          ANALISIS DAN PEMBAHASAN MANAJEMEN
          Management Discussion and Analysis




C. Jasa Penyelidikan dan Pengolahan Data Seismik                    C. Seismic Data Investigation and Processing Services
   Jasa Penyelidikan dan Pengolahan Data Seismik merupakan             Seismic Data Investigation and Processing Services are
   layanan yang terpadu dan terintegrasi dalam eksplorasi sumur-       integrated services in the exploration of oil and gas wells that
   sumur migas yang mencakup semua tahap yang dibutuhkan               cover all stages required in geophysical research (seismic).
   dalam penelitian geofisika (seismic).

   Proses dalam tahapan tersebut, dimulai dari pengumpulan             The process in these stages starts from data collection and
   data dan survei lapangan, pemrosesan data hasil survei, hingga      field surveys, processing survey data, to data interpretation
   interpretasi data untuk pengambilan langkah selanjutnya             for taking the next steps in oil and gas well exploration.
   dalam eksplorasi sumur-sumur migas. Namun, layanan                  However, these services can also be adjusted to the needs of
   tersebut juga dapat disesuaikan dengan kebutuhan pelanggan          the Company’s service customers.
   jasa Perseroan.

   Para pelanggan memerlukan data geologi bawah permukaan              Customers require sub-surface geological data to determine
   (sub-surface) untuk mengetahui keberadaan migas serta               the existence of oil and gas and the size of the oil and gas
   ukuran besarnya kandungan migas di perut bumi, di lokasi            content in the earth’s bowels at the locations where these
   perusahaan-perusahaan tersebut beroperasi, yaitu di wilayah         companies operate, namely in their respective work areas,
   kerja masing-masing, baik di daratan, lepas pantai (marine)         both on land and offshore (marine) and in the transition
   maupun transisi antara daratan dan pesisir pantai.                  between land and coast.

   Rincian jasa yang diberikan dalam lini bisnis ini adalah:           Details of services provided in this business line are:
   1. Geo Data Acquisition Land (GDL): Seismic Data Acquisition        1. Geo Data Acquisition Land (GDL): Seismic Data Acquisition
       Land Survey 3D and 2D, dan Seismic Design, Navigation              Land Survey 3D and 2D and Seismic Design, Navigation,
       and Non Seismic (Land Survey, Geodetic Control Point,              and Non-Seismic (Land Survey, Geodetic Control Point,
       Rig and Wellsite Positioning, Road and Pipeline Routing,           Rig and Wellsite Positioning, Road and Pipeline Routing,
       Magnetotelluric, Microgravity).                                    Magnetotelluric, Microgravity).
   2. Geo Data Acquisition TZ & Marine (GDM): Seismic Data             2. Geo Data Acquisition TZ & Marine (GDM): Seismic Data
       Acquisition Transition Zone and Marine Survey, Seismic             Acquisition Transition Zone and Marine Survey, Seismic
       Design, Marine Survey, Geodetic Control Point, Rig                 Design, Marine Survey, Geodetic Control Point, Rig
       and Wellsite Positioning, Road and Pipeline Routing,               and Wellsite Positioning, Road and Pipeline Routing,
       Magnetotelluric, Microgravity.                                     Magnetotelluric, Microgravity.
   3. Geo Data Processing (GDP): Seismic Data Processing               3. Geo Data Processing (GDP): Seismic Data Processing
       2D/3D (Land, Marine, TZ), quantify seismic amplitude               2D/3D (Land, Marine, TZ), quantify seismic amplitude
       information, lithology, Petrophysical properties of                information, lithology, Petrophysical properties of
       reservoirs, Geology Geophysics & Reservoir (Seismic                reservoirs, and Geology Geophysics & Reservoir
       Interpretation and Geological Modelling, 2D/3D                     (Seismic Interpretation and Geological Modeling, 2D/3D
       Depth Imaging, AVO, Petrophysics Analysis, Reservoir               Depth Imaging, AVO, Petrophysics Analysis, Reservoir
       Simulation).                                                       Simulation).




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                                                                                                           Management Discussion and Analysis




   Secara umum proses jasa ini digambarkan sebagai berikut:                     In general, this service process is described as follows:


         STUDI GEOLOGI            STUDI SEISMIK              PROSES AKUISISI DATA                  PENGOLAHAN              INTERPRESTASI
         Geological Studies       Seismic Studies            Data Acquisition Process                Processing             Interpretation


                                                                          DESAIN SEISMIK
                                                                           Seismic Design


                                                                          OPERASIONAL
                                                                              KAPAL                                        INTERPRESTASI
                                                       TOPOGRAFI &        Vessel Operation                               SEISMIK & PROSES
         STUDI GEOLOGI            DESAIN SEISMIK         NAVIGASI                               PENGOLAHAN DATA
                                                                                                                                 GGR
         Geological Studies        Seismic Design      Topography &                               Data Processing
                                                                                                                        Seismic Interpretation
                                                         Navigation        NON SEISMIK                                      & GGR Process
                                                                            Non Seismic



                                                                           SEISMIK PASIF
                                                                           Passive Seismic


                STUDI & DESAIN GEOLOGI                                                  PERALATAN GEOFISIKA
                Geological Studies & Design                                              Geophysical Equipment


                                                              PERANGKAT LUNAK
                                                                  Software




   Di jasa akuisisi seismik darat, sebanyak 2 (dua) proyek 3D                   In land seismic acquisition services, as many as 2 (two) 3D
   Seismic Land diselesaikan pada tahun 2024, dengan lokasi                     Seismic Land projects were completed in 2024, with project
   proyek di Pulau Sumatera (3D Balam, 2D Amalia & Amalia Ext)                  locations on Sumatra Island (3D Balam, 2D Amalia & Amalia
   dan di Karawang, Jawa Barat (3D Kepuh). Sedangkan untuk                      Ext) and in Karawang, West Java (3D Kepuh). Meanwhile, for
   pekerjaan akuisisi seismik laut di tahun 2024, yakni di Bone &               marine seismic acquisition work in 2024, namely in Bone &
   Seram (3D) dan North Ketapang (3D).                                          Seram (3D) and North Ketapang (3D).

KAPASITAS DAN VOLUME PRODUKSI
Production Capacity and Volume
                                                                        Produksi/Kapasitas
                                                    Satuan              Production/Capacity
         Alat Penyelidikan Seismik                                                                               Seismic Acquisition Equipment
                                                     Unit
                                                                      2024                 2023
Seismic Data Capacity                                                                                                          Seismic Data Capacity
  Seismic Data Acquisition Land                     Crew                        4                   4                Seismic Data Acquisition Land
  Seismic Data Acquisition TZ                       Crew                        1                   1                  Seismic Data Acquisition TZ
  Seismic Data Acquisition Marine                   Crew                        1                   1              Seismic Data Acquisition Marine
Seismic Data Acquisition                                                                                                    Seismic Data Acquisition
  2D Data Collection                                 Km                      389                    0                           2D Data Collection
  3D Data Collection                                Kmsq                   2.765                  767                           3D Data Collection
  2D Data Processing                                 Km                    1.867                2.178                           2D Data Processing
  3D Data Processing                                Kmsq                   2.487                1.054                           3D Data Processing




                                                                                                     2024 Annual Report PT ELNUSA Tbk            197
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              ANALISIS DAN PEMBAHASAN MANAJEMEN
              Management Discussion and Analysis




    KONTRIBUSI PENDAPATAN PER BISNIS JASA PENYELIDIKAN DAN PENGOLAHAN DATA SEISMIK
    Income Contribution per Business Seismic Data Investigation and Processing Services
    dalam % | in %

                     7,0%
                                                                            4,8%




      42,0%                                                                                                                GDL
                       2024                 51,1%
                                                                  28,2%
                                                                                   2023             67,0%
                                                                                                                           GDM

                                                                                                                           GDP




D. Engineering Procurement & Construction and                             D. Engineering Procurement & Construction and
   Operation Maintenance (EPC-OM)                                            Operation Maintenance (EPC-OM)
   Jasa perawatan lapangan yang sudah berproduksi, antara lain               Field maintenance services that are already in production,
   dilakukan dengan operation & maintenance (O&M) terhadap                   including operation & maintenance (O&M) of existing pipelines
   jaringan pipa yang sudah ada atau bahkan membangun pipa-                  or even building new pipes and maintaining them. Meanwhile,
   pipa baru dan merawatnya. Sedangkan untuk engineering,                    engineering, procurement, & construction (EPC) relates to
   procurement, & construction (EPC), berkaitan dengan tangki,               tanks, pipelines, and offshore and onshore platforms.
   pipeline, platform offshore dan onshore.

   Pada tahun 2024, pendapatan lini bisnis EPC-OM mencapai                   In 2024, the EPC-OM business line revenue reached Rp966
   Rp966 miliar. Dibandingkan tahun 2023 yang sebesar Rp720                  billion. Compared to 2023 which amounted to Rp720 billion,
   miliar, terjadi kenaikan 34%. Kenaikan ini dipengaruhi oleh               there was an increase of 34%. This increase was influenced by
   perolehan project baru yang berjalan di tahun 2024 serta                  the acquisition of new projects running in 2024 as well as an
   adanya peningkatan penyerapan nilai kontrak dan percepatan                increase in the absorption of contract value and acceleration
   penyelesaian project EPC.                                                 of EPC project completion.



                              PENDAPATAN UNIT BISNIS OM EPC TAHUN 2022–2024
                              Revenue of the OM EPC Business Unit in 2022–2024
                              dalam miliar Rupiah | in billion Rupiah

                                           612                 720            955




                                          2022                2023            2024




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                                                                                                        Management Discussion and Analysis




Profitabilitas                                                       Profitability
Pada tahun 2024, total pendapatan yang dibukukan oleh segmen         In 2024, the total income recorded by the integrated upstream
usaha jasa hulu migas terintegrasi mencapai Rp5,1 triliun.           oil and gas services business segment reached Rp5.1 trillion.
Dibandingkan tahun 2023 yang sebesar Rp4,3 triliun, terjadi          In comparison to 2023, which amounted to Rp4.3 trillion, there
kenaikan 19,7%. Kenaikan ini seiring dengan pertumbuhan              was an increase of 19.7%. This increase was in line with income
pendapatan terutama pada bisnis seismik, oil field services          growth, especially in the seismic services, oil field services and
dan EPC-OM. Sedangkan beban pokok pendapatan yang harus              EPC-OM businesses. Meanwhile, the cost of income incurred by
dikeluarkan oleh Perseroan pada tahun buku adalah Rp4,6 triliun,     the Company in the financial year was Rp4.6 trillion, up 20.4%
naik 20,4% dibandingkan tahun sebelumnya yang sebesar Rp3,9          from Rp3.9 trillion in the previous year.
triliun.

Hingga berakhirnya tahun buku 2024, laba tahun berjalan              Until the end of the 2024 financial year, profit for the year for the
segmen usaha jasa hulu migas tercatat mencapai Rp223 miliar.         upstream oil and gas services business segment was recorded at
Dibandingkan tahun 2023 yang sebesar Rp67,0 miliar, terjadi          Rp223 billion. In comparison to 2023, which amounted to Rp67.0
kenaikan 232,9%.                                                     billion, there was an increase of 232.9%.

Rincian kinerja profitabilitas disampaikan melalui tabel di          Details of profitability performance are presented in the table
bawah ini.                                                           below.

KINERJA KEUANGAN DAN PROFITABILITAS SEGMEN JASA HULU MIGAS TERINTEGRASI
Financial Performance and Profitability of the Integrated Upstream Oil and Gas Services Segment
                                                                          dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                         Kenaikan (Penurunan)
                                                                          Increase (Decrease)
                                        2024            2023                                 Persentase            Integrated Upstream Oil and Gas
     Jasa Hulu Migas Terintegrasi                                       Selisih
                                                                                             Percentage                        Services
                                                                      Difference
                                                                                                 (%)
                                         (1)             (2)             (3=1-2)                  (3:2)

 Laporan Laba (Rugi)                                                                                                         Statement of Profit or Loss
 Pendapatan                             5.097.003       4.257.537          839.466                         19,7                                      Revenues
 Pendapatan eksternal                   5.063.401       4.225.808          837.593                         19,8                           External revenues
 Pendapatan antarsegmen                    33.602          31.729              1.873                        5,9                   Inter-segment revenues
 Beban Pokok Pendapatan               (4.643.384)     (3.856.178)         (787.206)                        20,4                    Total Cost of Revenues
 Laba Kotor                              453.619         401.359             52.260                        13,0                                   Gross Profit
 Beban Penjualan                           (2.266)         (4.522)             2.256                      (49,9)                              Sales Expenses
 Beban Umum dan Administrasi            (301.608)       (306.428)              4.820                       (1,6)             General and Administrative
                                                                                                                                             Expenses
 Penghasilan Bunga                       154.523           55.851            98.672                       176,7                              Interest Income
 Beban Keuangan                          (75.607)        (73.770)            (1.837)                        2,5                          Finansial Expenses
 Lain-lain – Neto                          45.556          26.805            18.751                        70,0                                  Others – Net
 Laba Sebelum Pajak Final dan Pajak      274.217           99.295          174.922                        176,2     Profit Before Final Tax and Income
 Penghasilan                                                                                                                                        Tax
 Beban Pajak Final                       (13.973)        (12.196)            (1.777)                       14,6                          Final Tax Expenses
 Laba Sebelum Pajak Penghasilan          260.244           87.099          173.145                        198,8                  Profit Before Income Tax
 Beban pajak penghasilan                 (37.139)        (20.083)          (17.056)                        84,9                       Income tax expenses
 Laba Tahun Berjalan                     223.105           67.016          156.089                        232,9                           Profit for the Year
 Penghasilan komprehensif lain           (25.046)        (15.242)            (9.804)                       64,3           Other comprehensive income
 Total Laba Komprehensif Tahun           198.059           51.774          146.285                        282,5         Total Comprehensive Profit for
 Berjalan                                                                                                                                    the Year
 Informasi-informasi Lain                                                                                                               Other Information
 Total Aset                             7.991.605       7.055.508          936.097                         13,3                                   Total Assets
 Total Liabilitas                       3.000.643       2.552.298          448.345                         17,6                               Total Liabilities




                                                                                                  2024 Annual Report PT ELNUSA Tbk                         199
Page 202
            ANALISIS DAN PEMBAHASAN MANAJEMEN
            Management Discussion and Analysis




                                                                           dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                          Kenaikan (Penurunan)
                                                                           Increase (Decrease)
                                         2024            2023                                 Persentase            Integrated Upstream Oil and Gas
    Jasa Hulu Migas Terintegrasi                                         Selisih
                                                                                              Percentage                        Services
                                                                       Difference
                                                                                                  (%)
                                          (1)              (2)            (3=1-2)                  (3:2)

 Ekuitas – Neto                          4.990.962        4.503.210         487.752                        10,8                                   Equity – Net
 Penyusutan dan Amortisasi               (255.012)        (221.966)         (33.046)                       14,9          Depreciation and Amortization
 Penambahan Aset Tetap                     139.846         177.850          (38.004)                    (21,4)                      Additional Fixed Assets


SEGMEN JASA PENUNJANG MIGAS                                           OIL AND GAS SUPPORTING SERVICES
                                                                      SEGMENT
Segmen jasa penunjang migas dikelola oleh 4 (empat) entitas anak      The oil and gas supporting services segment is managed by 4 (four)
Perseroan: PT Sigma Cipta Utama (SCU), PT Patra Nusa Data (PND),      subsidiaries of the Company: PT Sigma Cipta Utama (SCU), PT Patra
PT Elnusa Fabrikasi dan Konstruksi (EFK) dan PT Elnusa Trans          Nusa Data (PND), PT Elnusa Fabrikasi dan Konstruksi (EFK), and PT
Samudera (ETSA). Rincian kinerjanya diuraikan di bawah ini.           Elnusa Trans Samudera (ETSA). Details of their performance are
                                                                      described below.

Kinerja Operasi dan Produksi                                          Operational and Production Performance

PT Sigma Cipta Utama (SCU)                                            PT Sigma Cipta Utama (SCU)
Lini bisnis SCU adalah penyedia jasa bidang pengelolaan data.         SCU’s business line is a data management service provider. As
Sebagai penunjang industri migas, Perseroan memegang peranan          a supporter of the oil and gas industry, the Company plays an
penting dalam pengelolaan dan pelestarian hasil eksplorasi serta      important role in the management and preservation of exploration
produksi sumur-sumur perminyakan dan gas bumi. Data-data              results and the production of oil and gas wells. Old data in the form
lama dalam bentuk dokumen kertas dapat ditransfer ke bentuk           of paper documents can be transferred to digital form, allowing it
digital, sehingga dapat diolah kembali. Layanan ini sejalan dengan    to be reprocessed. This service is in line with one of the Company’s
salah satu layanan Perseroan, yaitu jasa pemindaian dokumen.          services, namely document scanning services. The Company also
Perseroan juga memiliki kemampuan dan fasilitas untuk melakukan       has the ability and facilities to carry out maintenance, preservation,
pemeliharaan, pelestarian dan re-identifikasi geological sample.      and re-identification of geological samples.

Di bidang Teknologi Informasi dan Komunikasi (Information             In the field of Information and Communication Technology (ICT) in
Communication Technology/ICT) sektor industri migas, Perseroan        the oil and gas industry sector, the Company offers these services
menawarkan jasa tersebut untuk kegiatan eksplorasi dan                for oil and gas exploration and exploitation activities. Not limited
eksploitasi migas. Tidak terbatas untuk komunikasi personel,          to personnel communications, but also data and tracking of assets
tetapi juga data dan pelacakan (tracking) aset dan personal, serta    and personnel, as well as Radio Frequency Identification (RFiD).
Radio Frequency Identification (RFiD).

Di wilayah terpencil dan remote area, komunikasi radio menjadi        In remote areas, radio communication is the best choice. For these
pilihan terbaik. Untuk kebutuhan tersebut, Perseroan juga             needs, the Company also provides communication services and
memberikan jasa penyediaan dan pelayanan komunikasi                   services with radio wave frequencies (Radio Trunking, Broadband
dengan frekuensi gelombang radio (Radio Trunking, Broadband           Communication, and Wireless Data Communication), IT and
Communication, Wireless Data Communication), jasa penyediaan          automation device provision services, sensors and trackers for
perangkat IT dan automation, sensor dan pelacak untuk aset            assets and personnel, including software development services
maupun personel, termasuk jasa membangun perangkat lunak              related to these needs (Control Equipment Monitoring, Vessel
terkait keperluan tersebut (Control Equipment Monitoring, Vessel      Tracking Monitoring System, Fuel Monitoring, GPS Tracking,
Tracking Monitoring System, Fuel Monitoring, GPS Tracking,            Inventory and Tagging with RFID).
Inventory dan Tagging dengan RFID).

Selain itu, SCU juga memberikan Jasa layanan ICT lain, yang           In addition, SCU also provides other ICT services, including Data
meliputi: Data Center & Disaster Recovery Services, IT Solution,      Center & Disaster Recovery Services, IT Solution, IT Service
IT Service Management (ITSM), Well Monitoring, IoT Solutions,         Management (ITSM), Well Monitoring, IoT Solutions, Smart Meter
Smart Meter dan sebagainya.                                           and others.




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                                                                                       Proses Usaha ICT
                                                                                   ICT Business Process



       DEFINISI           DESAIN SISTEM                         PEMROGRAMAN                                    UJI KELAYAKAN                       DELIVERY                   PEMELIHARAAN
       KEBUTUHAN          Design System                         Programming                                    Feasibility Test                    KEPADA                     Maintenance
       PENGGUNA                                                                                                                                    KONSUMEN
       User Requirement                                                                                                                            Delivery to
       Definition                                                                                                                                  Consumer




                                                                      UMPAN BALIK
                                                                        Feedback




                                                                                          Proses Usaha Automation
                                                                                          Automation Business Process



                             Local Wellhead Control System



                                                                                                       Wireless Telco
                                                                                                         Network
                                                                                                                                                           Central Cotrol
                                                                                                                                GPRS/3G                       Room
                                                                                       UNO 1150GH                              Base Station
                                    FPM-8151H                                          DIN-rail PC
                                 Industrial Stainless                                  with 2 x LAN,
                                      Monitor                                          3 x COM


                                        ADAM-4117
                                   8 ch Analog Input


                                                                                                                GPRS Modem                    GPRS Modem



                                                                                                                                       Oil FIeld Drilling Monitoring System



                                                  Voltage Regulator   Current Sensor                              Total Automation System




Pada tahun 2024, lini bisnis yang dikelola PT Sigma Cipta                                                     In 2024, the business lines managed by PT Sigma Cipta Utama
Utama menghasilkan pendapatan sebesar Rp453 miliar, naik                                                      generated Rp453 billion in income, up 11% compared to 2023,
11% dibandingkan tahun 2023 yang sebesar Rp408 miliar.                                                        which amounted to Rp408 billion. This income growth was largely
Pertumbuhan pendapatan ini sebagian besar dikontribusikan dari                                                contributed to by the synergy of the Pertamina Group.
sinergi Pertamina Group.

Secara proporsi, kenaikan pendapatan tersebut dikarenakan                                                     In terms of proportion, the increase in income was due to the
adanya kontribusi dari unit bisnis Information Communication                                                  contribution of the Information Communication Technology (ICT)
Technology (ICT) yang pada tahun 2024 mencapai 60% sementara                                                  business unit, which in 2024 reached 60%, while in 2023 it was
pada tahun 2023 sebesar 61%. Kontribusi terbesar pendapatan                                                   61%. The largest contribution to income from this business unit
dari unit bisnis ini adalah jasa solusi manajemen informasi dan                                               is information and communication management solution services
komunikasi serta automation.                                                                                  and automation.

Kontributor kedua dari unit bisnis Warehouse dan Data manajemen                                               The second contributor is the Warehouse and Data Management
dengan kontribusi sebesar 40%, naik dari tahun sebelumnya                                                     business unit with a contribution of 40%, up from the previous
sebesar 39%. Penyumbang terbesar pencapaian tersebut berasal                                                  year of 39%. The largest contributor to this achievement came
dari pendapatan okupansi pada layanan warehouse general asset,                                                from occupancy income from general asset warehouse services
dan warehouse data fisik dan digital serta layanan alih media                                                 and physical and digital data warehouses and media transfer
untuk industri migas.                                                                                         services for the oil and gas industry.




                                                                                                                                                    2024 Annual Report PT ELNUSA Tbk         201
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              ANALISIS DAN PEMBAHASAN MANAJEMEN
              Management Discussion and Analysis




KONTRIBUSI PENDAPATAN PER BISNIS UNIT                                       INCOME CONTRIBUTION PER BUSINESS UNIT




                                                                                                                      Warehouse

                      2024                                                       2023
    39,4%                                   60,6%              38,7%                                  61,3
                                                                                                                      ICT




Sementara okupansi produksi jasa layanan warehouse, kinerjanya              Meanwhile, the occupancy of warehouse service production, its
disampaikan melalui tabel di bawah ini.                                     performance is presented through the table below.


                                                             Kapasitas                         Okupansi
                                 Satuan                      Capacity                          Accupancy                    Management of Physical
   Pengelolaan Data Fisik
                                  Unit                                                                                             Data
                                                    2024                 2023          2024                  2023
 Tape Storage                     M2                         216                216            216                  216                Tape Storage
                                  Reel                223.300             210.000        209.300              151.846
 Cartridge Room                   M2                         427                427            427                  427             Cartridge Room
                                Cartridge             453.906             340.154        350.556              330.154
 Document Storage                 M2                       6.530            6.530             6.530             6.530             Document Storage
                                  Box                 484.190             484.190        469.603              447.236
 Core Storage                     M2                       1.797            1.797             1.797             1.797                  Core Storage
                                  Box                  98.965              98.965            99.150            98.965
 General Storage                  M3                   38.174              34.674            38.174            34.674               General Storage
                                  M2                   12.725              11.878            12.725            11.878



Volume penjualan jasa pengelolaan alih media (remastering) pada             The sales volume of media transfer management services
jasa layanan warehouse adalah sebagai berikut.                              (remastering) in warehouse services is as follows.


                                                                          Volume Penjualan
                                                    Satuan                  Sales Volume
           Warehouse Alih Media Data                                                                            Warehouse Remastering
                                                     Unit
                                                                         2024          2023
 Scanner                                            Page                  950.208        710.083                                            Scanner
 Remastering Tape Magnetic                           Reel                  14.390             3.300                       Remastering Tape Magnetic
 Remastering Catridge                                CTR                   15.759             6.575                            Remastering Catridge
 Digitalisasi Log                                   Meter                         –          28.380                                  Digitalisasi Log
 Radiography                                        Sheet                  32.770             6.450                                    Radiography




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                                                                                                 ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                    Management Discussion and Analysis




Penjualan jasa layanan Information Communication Technology             Sales of Information Communication Technology (ICT) services are
(ICT) disampaikan dalam tabel berikut.                                  presented in the following table.


                                                                      Volume Penjualan
       Layanan Information Communication          Satuan                Sales Volume               Information Communication Technology
                   Technology                      Unit                                                          Services
                                                                     2024           2023
    Radio Telecommunication                        Unit                 1.696            1.612                    Radio Telecommunication
    Vessel Tracking Management System             Vessel                    370             59         Vessel Tracking Management System
    GPS                                            Unit                     627            572                                         GPS
    Well Monitoring                                Unit                     48              50                             Well Monitoring



PT Elnusa Fabrikasi dan Konstruksi (EFK)                                PT Elnusa Fabrikasi dan Konstruksi (EFK)
Didirikan pada Tahun 1982, PT Elnusa Fabrikasi Konstruksi (EFK)         Established in 1982, PT Elnusa Fabrikasi Konstruksi (EFK) is a
merupakan anak perusahaan PT Elnusa Tbk yang merupakan                  subsidiary of PT Elnusa Tbk, which is part of the Pertamina Group.
bagian dari Pertamina Group. EFK fokus pada penyediaan layanan          EFK focuses on providing oil pipeline services (OCTG), oil and gas
pipa minyak (OCTG), layanan pemeliharaan dan perbaikan                  equipment maintenance and repair services, and fabrication and
peralatan minyak dan gas, dan layanan fabrikasi dan konstruksi.         construction services. The business fields managed by EFK are as
Bidang usaha yang dikelola oleh EFK adalah sebagai berikut:             follows:
- Trading & Threading services (OCTG)                                   - Trading & Threading services (OCTG)
- GRE/PE Lining Services (OCTG)                                         - GRE/PE Lining Services (OCTG)
- Jasa Perbaikan Peralatan Migas (Maintenance Services)                 - Oil and Gas Equipment Repair Services (Maintenance Services)
- Fabrikasi dan Pengadaan Peralatan Migas (Fabrication)                 - Oil and Gas Equipment Fabrication and Procurement
                                                                             (Fabrication)
-     Onshore & Offshore Facility Construction (EPC)                    - Onshore & Offshore Facility Construction (EPC)

Proses kegiatan usaha jasa OCTG digambarkan seperti pada skema          The OCTG service business activity process is illustrated in the
di bawah ini.                                                           scheme below.


                       IMPOR PIPA CASING                   PROSES PENGULIRAN               PENJUALAN
                       OCTG                                Threading Process               (PERDAGANGAN PIPA)
                       Import OCTG Casing Pipe                                             Pipe Trading




Pada tahun 2024, unit bisnis yang dikelola EFK mencatatkan              In 2024, the business units managed by EFK generated Rp664.7
pendapatan sebesar Rp664,7 miliar, turun 20% dibandingkan               billion in income, down 20% compared to income in 2023, which
pendapatan tahun 2023 yang tercatat sebesar Rp834,6 miliar. EFK         amounted to Rp834.6 billion. EFK managed to achieve a net
berhasil meraih laba bersih sebesar Rp17 miliar yang melampaui          profit of Rp17 billion, exceeding the 2024 WP&B target with an
target RKAP 2024 dengan pencapaian sebesar 105%.                        achievement of 105%.

Dari sisi operasi, layanan Oil Country Tubular Goods (OCTG)             In terms of operations, the Oil Country Tubular Goods (OCTG)
membukukan catatan yang memuaskan dan menjadi kontributor               service posted a satisfactory record and became the company’s
pendapatan terbesar perusahaan dengan mencatat nilai sebesar            largest income contributor by recording a value of Rp455.2 billion,
Rp 455,2 miliar atau 68% dari total pendapatan PT Elnusa Fabrikasi      or 68% of the total income of PT Elnusa Fabrikasi and Konstruksi, in
dan Konstruksi di Tahun 2024. Peningkatan pendapatan ini                2024. This increase in income was obtained from the COO Tubing
diperoleh dari project COO Tubing & Pup Joint Tubing PHR.               & Pup Joint Tubing PHR project.




                                                                                              2024 Annual Report PT ELNUSA Tbk       203
Page 206
            ANALISIS DAN PEMBAHASAN MANAJEMEN
            Management Discussion and Analysis




Pada lini bisnis Maintenance Services, pendapatan mengalami              Income in the Maintenance Services business line decreased. This
penurunan. Hal ini disebabkan oleh penundaan jadwal beberapa             was due to the postponement of the schedule of several projects
proyek yang sebelumnya telah mendapatkan penghargaan, serta              that had previously received awards, as well as the acceleration of
percepatan penyelesaian proyek multi-year yang selesai lebih awal        the completion of multi-year projects that were completed earlier
dari rencana.                                                            than planned.

Layanan Fabrikasi dan Konstruksi setelah melalui masa evaluasi           The Fabrication and Construction service, after going through a
menyeluruh selama satu tahun kini telah kembali beroperasi               comprehensive evaluation period for one year, has now resumed
dengan aktif dan secara bertahap melakukan peningkatan. Tahun            active operations and is gradually improving. This year, the service
ini, layanan tersebut memulai kembali operasionalnya dengan              restarted its operations by working on strategic projects, including:
mengerjakan proyek-proyek strategis, di antaranya:
1. Proyek sinergi bersama EPN melalui Jasa Karoseri Mobil Tangki         1. Synergy project with EPN through 16 KL Tanker Vehicle
     16 KL.                                                                 Carrosserie Services.
2. Proyek Blanket Order Construction di wilayah JTB Pertamina            2. Blanket Order Construction project in the JTB Pertamina EP
     EP Cepu.                                                               Cepu area.

Dari sisi produksi jasa ulir, pencapaian kinerja operasi pada tahun      From the thread service production side, the achievement of
buku 2024 adalah sebagai berikut:                                        operational performance in the 2024 financial year is as follows:

PRODUKSI JASA ULIR
Threading Services Production
                                                                       Volume Penjualan
                                                 Satuan                  Sales Volume
              Jenis Pekerjaan                                                                                    Type of Work
                                                  Unit
                                                                      2024            2023
 Threading OCTG                                    MT                    8.853            8.268                              Threading OCTG
 Trade OCTG                                        MT                         –              131                                 Trade OCTG
 Trade & Threading OCTG                            MT                    5.225            3.785                      Trade & Threading OCTG
 Thread & GRE/PE Lining OCTG                       MT                        45              163               Thread & GRE/PE Lining OCTG
 Thread & Welding                                  MT                         –                –                           Thread & Welding



PT Patra Nusa Data (PND)                                                 PT Patra Nusa Data (PND)
PND merupakan perusahaan yang bisnis utamanya adalah                     PND is a company whose main business is oil and gas data
manajemen data migas dengan kompetensi utamanya dalam hal                management, with its main competence in managing oil and gas
mengelola data subsurface migas baik fisik maupun digital dengan         subsurface data, both physical and digital, supported by oil and
didukung kemampuan data teknis migas serta teknologi informasi           gas technical data capabilities and information technology that
yang memperkuat posisi perusahaan dalam bisnis migas sebagai             strengthens the company’s position in the oil and gas business as a
mitra utama pengelolaan data migas.                                      major partner in oil and gas data management.

Jasa yang disediakan PND secara garis besar dikelompokkan ke             The services provided by PND are broadly grouped into 2 (two)
dalam 2 (dua) kategori:                                                  categories:
1. Jasa Data Management                                                  1. Data Management Services
    Mengelola data migas nasional dengan lingkup utama,                      Managing national oil and gas data with the main scope
    yaitu mengumpulkan, mengelola, menyimpan, dan                            of collecting, managing, storing, and disseminating data
    memasyarakatkan data terkait wilayah kerja migas baik migas              related to oil and gas work areas, both conventional and
    konvensional maupun non konvensional (Coal Bed Methane-                  non-conventional oil and gas (Coal Bed Methane-CBM and
    CBM dan Shale Gas).                                                      Shale Gas).
2. Jasa Information Management Solution                                  2. Information Management Solution Services
    Meliputi layanan solusi IT Data manajemen untuk data                     This includes IT Data Management solution services for
    subsurface mulai Alih Media (scan, digitasi, vektorisasi,                subsurface data starting from Media Transfer (scanning,
    re- drawing, re-mapping) dan Penataan Data Digital dengan                digitizing, vectorizing, re-drawing, and re-mapping) and Digital
    menggunakan perangkat lunak utama INAMETA Plus/                          Data Arrangement using the INAMETA Plus/Enterprise main
    Enterprise.                                                              software.




204     PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                                 ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                                    Management Discussion and Analysis




Pada tahun 2024, lini bisnis yang dikelola PT Patra Nusa Data                          In 2024, the business line managed by PT Patra Nusa Data
menghasilkan pendapatan sebesar Rp 13,8 miliar, mengalami                              generated Rp13.8 billion in income, a decrease of 22% compared
penurunan 22% dibandingkan tahun 2023 yang mendapatkan                                 to 2023, which amounted to Rp17.7 billion. This income was largely
pendapatan sebesar Rp 17,7 miliar. Pendapatan ini sebagian                             contributed by the synergy of the Pertamina Group, through the
besar dikontribusikan dari sinergi Pertamina Group, melalui                            implementation of SK 038.
implementasi SK 038.

Adapun dari unit bisnis Data Manajemen yang pada tahun                                 As for the Data Management business unit, in 2024 it reached 98%,
2024 mencapai 98% sementara pada tahun 2023 sebesar 63%.                               while in 2023 it was 63%. The largest contribution to income from
Kontribusi terbesar pendapatan dari unit bisnis ini adalah                             this business unit is digital & physical data management services.
jasa pengelolaan data digital & fisik. Kontributor kedua, yaitu                        The second contributor is from the Information Management
dari unit bisnis Information Management Solution dengan                                Solution business unit with a contribution of 2%, down from
kontribusi sebesar 2%, turun dari tahun sebelumnya sebesar                             the previous year of 37%. The contributor to this achievement
37%. Penyumbang pencapaian tersebut berasal dari layanan jasa                          came from the acquisition and presentation of well status data
akuisisi dan penyajian data status sumur (Technical Oil & Gas Data                     (Technical Oil & Gas Data Management Services).
Management Services).

REALISASI PRODUKSI
Production Realization
                                                                                                                                 Volume Penjualan
                                                 Jenis Pekerjaan                                             Satuan                Sales Volume
                                                  Type of Work                                                Unit
                                                                                                                               2024             2023
 Data Collecting (kumulatif)                              Seismic 2D (Post Stack)                               Line              61.924            60.876
 Data Collecting (cumulative)
                                                          Seismic 2D (Field Data)                               Line              25.527            24.125
                                                          Seismic 3D                                            Area                  228              214
                                                          Well                                                  Well              33.910            28.774
 Data Remastering (kumulatif)                             Seismic Vektorisasi                                   Sheet                   –           57.905
 Data Remastering (cumulative)                            Seismic Vectorization
                                                          Master Log                                            Well                    –            2.914
                                                          GGR                                                Report               10.437            12.968
                                                          Map                                                   Sheet                 155           38.324
                                                          Supporting Document                                   Sheet             16.787             3.640
 Catatan:
 • Jumlah data yang disajikan adalah kumulatif dari tahun ke tahun.
 Remarks:
 • The amount of data is cumulative from year to year.




Dari sisi pelayanan data kepada pelanggan, perbandingan kinerja                        In terms of data service to customers, the comparison of operational
operasi tahun 2024 dan 2023 untuk bisnis Data Management                               performance in 2024 and 2023 for the Data Management business
adalah sebagai berikut:                                                                is as follows:


                                                                      Satuan
                       Jenis Data                                                   2024           2023                       Type of Data
                                                                       Unit

 3D Poststack Data                                                     Files           1.619            4.911                            3D Poststack Data
 3D Angle Stack Data                                                   Files                 –             19                          3D Angle Stack Data
 2D Poststack Data                                                     Files           7.689            4.820                            2D Poststack Data
 2D Angle Stack Data                                                   Files                –               –                          2D Angle Stack Data
 Well Log                                                              Files          12.731           10.975                                     Well Log
 Well Report                                                           Files           8.160            9.862                                  Well Report
 Report                                                                Files           9.091            6.670                                       Report
 2D Field Data                                                         Files           3.991           13.590                                2D Field Data
 2D Navigation                                                         Files               449          3.864                                2D Navigation




                                                                                                             2024 Annual Report PT ELNUSA Tbk          205
Page 208
              ANALISIS DAN PEMBAHASAN MANAJEMEN
              Management Discussion and Analysis




                                                Satuan
                   Jenis Data                                        2024             2023                      Type of Data
                                                 Unit

 Velocity                                        Files                       31              198                                      Velocity
 Inversi                                         Files                        –                –                                     Inversion
 Bundle All Data                                 Files                    20.952            1.226                              Bundle All Data
 Supp Doc                                        Files                      958             1.912                                   Supp Doc
 Sample Well                                     Bags                       110               55                                 Sample Well



Volume produksi jasa Geo IT tahun 2024 dan 2023 dapat disajikan           The production volume of Geo IT services in 2024 and 2023 can be
sebagai berikut:                                                          presented as follows:


                                                Satuan
                   Jenis Data                                        2024             2023                      Type of Data
                                                 Unit

 Technical Oil & Gas Data Management            Proyek                1                 1              Technical Oil & Gas Data Management
 Services                                       Project                                                                             Services
 Advance Well Data Management Solution          Proyek                1                 1           Advance Well Data Management Solution
                                                Project



PT Elnusa Trans Samudera (ETSA)                                           PT Elnusa Trans Samudera (ETSA)
ETSA merupakan entitas anak Perseroan yang didirikan pada                 ETSA is a subsidiary of the Company established on November 8,
8 November 2013 dan fokus pada penyediaan jasa marine &                   2013, and focuses on providing marine & offshore support vessel
offshore support vessel. Sejak pendiriannya, ETSA telah berhasil          services. Since its establishment, ETSA has successfully operated
mengoperasikan seluruh armada milik PT Elnusa Tbk yang terdiri            the entire fleet owned by PT Elnusa Tbk, consisting of Landing
dari Landing Craft Tank (LCT), Work Barge, dan Accommodation              Craft Tank (LCT), Work Barges, and Accommodation Work Barge
Work Barge (AWB) serta berhasil membangun armada baru pada                (AWB), and has successfully built a new fleet in 2015, acquired a
tahun 2015, mengakuisisi kapal seismik pada tahun 2016 dan AWB            seismic vessel in 2016, and acquired AWB Offshore in 2023, which
Offshore pada tahun 2023 yang saat ini beroperasi di wilayah kerja        is currently operating in the Kalimantan working area.
Kalimantan.

Selain menambah kepemilikan aset, ETSA juga telah menambah                In addition to increasing asset ownership, ETSA has also increased
pengoperasian armada melalui skema strategic partnership                  fleet operations through a strategic partnership scheme by
dengan memulai penyediaan utility vessel pada tahun 2018.                 starting the provision of utility vessels in 2018. Moreover, the
Kemudian, penyediaan small marine services serta perolehan Izin           provision of small marine services and the acquisition of a
Usaha Pengerukan dan Reklamasi (IUPR), serta penyediaan jasa              Dredging and Reclamation Business License (IUPR), as well as the
pengerukan (dredging) pada tahun 2019, ekspansi pada proyek               provision of dredging services in 2019, expansion of the Single
refurbishment Single Buoy Mooring (SBM) tahun 2020, penyediaan            Buoy Mooring (SBM) refurbishment project in 2020, provision of a
Diving Support Vessel (DSV) pada tahun 2021 dan memulai                   Diving Support Vessel (DSV) in 2021, and starting the provision of
penyediaan manpower services pada tahun 2022. Pada tahun                  manpower services in 2022. In 2023, ETSA acquired the Offshore
2023, ETSA mengakuisisi Offshore Accomodation Work Barge dan              Accommodation Work Barge and completed the modification
menyelesaikan proses modifikasi untuk Dredging Barge.                     process for the Dredging Barge.

Pada tahun 2024, ETSA semakin bertumbuh. Pengoperasian kapal              In 2024, ETSA continued to grow. Ship operations reached 72 ship
mencapai 72 unit kapal yang ditempuh melalui penyediaan kapal-            units due to the provision of seismic project support vessels, as
kapal pendukung proyek seismik, penambahan penyediaan kapal               well as the addition of small marine and dredging vessels. In the
small marine dan dredging. Dalam kurun waktu 6 (enam) tahun               last 6 (six) years, the number of ships operated by ETSA has grown
terakhir, jumlah kapal yang dioperasikan ETSA tumbuh secara               consistently.
konsisten.




206        PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                   Management Discussion and Analysis




                                        JUMLAH OPERASI KAPAL ETSA
                                        Number of ETSA Ship Operations
                                        dalam unit | in units

                                           60          66        72




                                          2022        2023      2024




Seiring dengan semakin bertambahnya portofolio penyediaan              As the ship provision portfolio continues to grow, ETSA maps its
kapal, secara keseluruhan ETSA memetakan kompetensi dan                overall competencies and capabilities in the provision of ships and
kapabilitasnya dalam penyediaan kapal dan jasa sebagai berikut:        services as follows:



                                   Kapal Pendukung                                Multipurpose
                                   Pipelay & Cable                                Working Barges
                                   Installation


                    Kapal Seismic                                                                Support Vessel
                    Survey


               Kapal dan Jasa                                                                           Kapal dan Jasa SBM
               Pekerjaan Salvage


                    Kapal                                                                        Kapal dan Jasa
                    Pendukung ASR                                                                Dredging


                                                                                  Kapal Pendukung Geophysical
                                   DSV & SAT Diving                               & Geotechnical Support
                                   Services                                       Services



                                                                       In 2024, ETSA successfully recorded Rp573,9 billion in income,
Pada tahun 2024, ETSA berhasil membukukan pendapatan sebesar           up 24,4% compared to the previous year of Rp461.5 billion and
Rp573,9 miliar, naik 24,4% dibandingkan tahun sebelumnya yang          the achievement of net profit above target. The improvement in
sebesar Rp461,5 miliar serta pencapaian net profit di atas target.     financial performance was supported by the addition of owned
Membaiknya kinerja keuangan didukung oleh penambahan aset              assets and the addition of operated fleets.
milik serta penambahan armada yang dioperasikan.
                                                                       From the HSSE side, ETSA is committed to continuing to prioritize
Dari sisi HSSE, ETSA berkomitmen untuk tetap mengedepankan             the Quality, Health, Safety, Security, and Environment (QHSSE)
aspek Quality, Health, Safety, Security, and Environment (QHSSE)       aspects in every activity carried out by continuing to strive to reduce
pada setiap kegiatan yang dilakukan dengan terus berupaya              incidents. This initiative is realized through the implementation of
mengurangi terjadinya insiden. Inisiatif tersebut direalisasikan       policies and guidelines and improving employee competencies.
melalui penerapan kebijakan, pedoman dan peningkatan                   ETSA also has management system certifications, namely ISO
kompetensi karyawan. ETSA juga telah memiliki sertifikasi sistem       9001, ISO 14001, and ISO 45001. With all these commitments,
manajemen, yaitu ISO 9001, ISO 14001, dan ISO 45001. Dengan            in 2024, ETSA has succeeded in maintaining the Total Recordable
segala komitmen tersebut, pada tahun 2024, ETSA telah berhasil         Incident Rate (TRIR) at 0.
mempertahankan Total Recordable Incident Rate (TRIR) tetap
berada pada nilai 0.
                                                                       In addition to ETSA’s efforts to increase its business portfolio




                                                                                              2024 Annual Report PT ELNUSA Tbk         207
Page 210
              ANALISIS DAN PEMBAHASAN MANAJEMEN
              Management Discussion and Analysis




Di samping upaya ETSA dalam meningkatkan portofolio                   in upstream oil and gas services throughout 2024, ETSA also
bisnisnya pada jasa hulu migas, sepanjang tahun 2024, ETSA            continued to explore the potential for developing new businesses in
juga terus menjajaki potensi pengembangan bisnis baru dalam           order to diversify its business into downstream oil and gas services
rangka melakukan diversifikasi bisnis ke jasa hilir migas maupun      and diversify into non-oil & gas industries. The development of
diversifikasi ke industri non oil & gas. Pengembangan bisnis baru     these new businesses still considers the scope of ETSA’s current
tersebut tetap mempertimbangkan lingkup kapabilitas ETSA saat         capabilities (adjacent to the core).
ini (adjacent to the core).

Profitabilitas                                                        Profitability
Pada tahun 2024, total pendapatan yang dibukukan oleh segmen          In 2024, the total revenue booked by the oil and gas supporting
usaha jasa penunjang migas mencapai Rp1,8 triliun. Dibandingkan       services business segment reached Rp1.8 trillion. Compared to the
tahun 2023 yang sebesar Rp1,82 triliun, terjadi penurunan 1,1%.       year 2023 which amounted to Rp1.82 trillion, there was a decrease
Penurunan ini terjadi pada bisnis Jasa Information Management         of 1.1%. This decrease occurred in the Information Management
System di PND yang disebabkan oleh berakhirnya masa kontrak           System Services business in PND due to the expiration of
proyek jasa akuisisi dan penyajian data status sumur dan belum        the contract period of the well status data acquisition and
adanya penambahan proyek baru. Selain itu, penurunan juga             presentation services project and the absence of additional new
terjadi pada bisnis Maintenance Service di EFK yang disebabkan        projects. In addition, the decline also occurred in the Maintenance
oleh penundaan jadwal beberapa proyek yang sebelumnya telah           Service business at EFK due to delays in the schedule of several
mendapatkan award. Sedangkan beban pokok pendapatan yang              projects that had previously been awarded. Meanwhile, the cost
harus dikeluarkan oleh Perseroan pada tahun buku adalah Rp1,5         of revenues incurred by the Company in the year under review
triliun, naik 1,5% dibandingkan tahun sebelumnya yang sebesar         was Rp1.5 trillion, an increase of 1.5% compared to the previous
Rp1,6 triliun.                                                        year which amounted to Rp1.6 trillion.

Hingga berakhirnya tahun buku 2024, laba tahun berjalan segmen        Until the end of the 2024 financial year, profit for the year for the
usaha jasa penunjang migas tercatat mencapai Rp96 miliar.             oil and gas supporting services business segment was recorded at
Dibandingkan tahun 2023 yang sebesar Rp107,7 miliar, terjadi          Rp96 billion. In comparison to 2023, which amounted to Rp107.7
penurunan 10,7%.                                                      billion, there was a decrease of 10.7%.

KINERJA KEUANGAN DAN PROFITABILITAS SEGMEN JASA PENUNJANG MIGAS
Financial Performance and Profitability of Oil and Gas Support Services Segment
                                                                         (Dalam jutaan rupiah, kecuali dinyatakan lain | In million rupiah, unless stated otherwise)

                                                                          Kenaikan (Penurunan)
                                                                           Increase (Decrease)
                                        2024             2023                                 Persentase
       Jasa Penunjang Migas                                              Selisih                                        Oil and Gas Support Services
                                                                                              Percentage
                                                                       Difference
                                                                                                  (%)
                                          (1)             (2)             (3=1-2)                  (3:2)

 Laporan Laba (Rugi)                                                                                                          Statement of Profit or Loss
 Pendapatan                             1.800.517        1.820.835          (20.318)                        (1,1)                                     Revenues
 Pendapatan eksternal                   1.547.818        1.644.519          (96.701)                        (5,9)                          External revenues
 Pendapatan antarsegmen                   252.699         176.316             76.383                        43,3                  Inter-segment revenues
 Beban Pokok Pendapatan                (1.563.863)     (1.587.362)            23.499                        (1,5)                   Total Cost of Revenues
 Laba Kotor                               236.654         233.473               3.181                        1,4                                   Gross Profit
 Beban Penjualan                            (1.329)         (1.331)                   2                     (0,2)                              Sales Expenses
 Beban Umum dan Administrasi              (90.034)        (84.016)            (6.018)                        7,2              General and Administrative
                                                                                                                                              Expenses
 Penghasilan Bunga                          22.285          14.641              7.644                       52,2                              Interest Income
 Beban Keuangan                           (25.198)        (16.374)            (8.824)                       53,9                          Financial Expenses
 Lain-lain – Neto                         (14.110)          (4.951)           (9.159)                      185,0                                  Others – Net
 Laba Sebelum Pajak Final dan Pajak       128.268         141.442           (13.174)                        (9,3)   Profit Before Final Tax and Income
 Penghasilan                                                                                                                                        Tax
 Beban Pajak Final                          (8.702)       (12.607)              3.905                      (31,0)                         Final Tax Expenses
 Laba Sebelum Pajak Penghasilan           119.566         128.835             (9.269)                       (7,2)                 Profit Before Income Tax




208     PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                        ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                           Management Discussion and Analysis




                                                           (Dalam jutaan rupiah, kecuali dinyatakan lain | In million rupiah, unless stated otherwise)

                                                            Kenaikan (Penurunan)
                                                             Increase (Decrease)
                                2024         2023                               Persentase
       Jasa Penunjang Migas                                 Selisih                                       Oil and Gas Support Services
                                                                                Percentage
                                                          Difference
                                                                                    (%)
                                 (1)          (2)           (3=1-2)                  (3:2)

Beban Pajak Penghasilan          (23.457)     (21.170)          (2.287)                       10,8                      Income Tax Expenses
Laba Tahun Berjalan                96.109     107.665         (11.556)                    (10,7)                            Profit For the Year
Penghasilan Komprehensif Lain      (1.853)      (1.499)           (354)                       23,6          Other Comprehensive Income
Total Laba Komprehensif Tahun      94.256     106.166         (11.910)                       (11,2)        Total Comprehensive Profit for
Berjalan                                                                                                                        the Year
Informasi-informasi Lain                                                                                                   Other Information
Total Aset                      1.629.318    1.511.198        118.120                          7,8                                   Total Assets
Total Liabilitas                 702.904      626.202           76.702                        12,2                               Total Liabilities
Ekuitas – Neto                   926.414      884.996           41.418                         4,7                                  Equity – Net
Penyusutan dan Amortisasi        (87.845)     (94.270)            6.425                       (6,8)        Depreciation and Amortization
Penambahan Aset Tetap            109.590      133.128         (23.538)                    (17,7)                      Additional Fixed Assets




                                                                                     2024 Annual Report PT ELNUSA Tbk                         209
Page 212
               ANALISIS DAN PEMBAHASAN MANAJEMEN
               Management Discussion and Analysis




Tinjauan Keuangan
Financial Review




STANDAR PENYAJIAN INFORMASI DAN                                     INFORMATION PRESENTATION STANDARDS
KESESUAIAN TERHADAP STANDAR AKUNTANSI                               AND COMPLIANCE WITH FINANCIAL
KEUANGAN                                                            ACCOUNTING STANDARDS
Tinjauan kinerja keuangan PT Elnusa Tbk (“Elnusa”, “Perseroan”)     The financial performance review of PT Elnusa Tbk (“Elnusa,”
yang disampaikan dalam Laporan tahunan ini mengacu pada             “Company”) presented in this Annual Report refers to the
Laporan Keuangan untuk tahun yang berakhir pada 31 Desember         Financial Statements for the years ended December 31, 2024, and
2024 dan 31 Desember 2023 yang telah diaudit oleh Kantor            December 31, 2023, which have been audited by Public Accounting
Akuntan Publik KAP Purwantono, Sungkoro & Surja (anggota firma      Firm KAP Purwantono, Sungkoro & Surja (a member firm of Ernst
Ernst & Young Global Limited) dengan pendapat laporan keuangan      & Young Global Limited) with the opinion that the consolidated
konsolidasian menyajikan secara wajar, dalam semua hal yang         financial statements present fairly, in all material respects, the
material, posisi keuangan konsolidasian Grup tanggal 31 Desember    consolidated financial position of the Group as of December 31,
2024, serta kinerja keuangan dan arus kas konsolidasiannya untuk    2024, and its consolidated financial performance and cash flows
tahun yang berakhir pada tanggal tersebut, sesuai dengan standar    for the year then ended, in accordance with financial accounting
akuntansi keuangan di Indonesia.                                    standards in Indonesia.

POSISI KEUANGAN KONSOLIDASIAN
Consolidated Financial Position
                                                                         dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                        Kenaikan (Penurunan)
                                                                         Increase (Decrease)
                                        2024            2023                                Persentase
                 Uraian                                                Selisih                                                   Description
                                                                                            Percentage
                                                                     Difference
                                                                                                (%)
                                         (1)             (2)            (3=1-2)                  (3:2)

 Aset                                                                                                                                                   Assets
 Aset Lancar                            7.062.456       6.106.301         956.155                         15,7                               Current Assets
 Aset Tidak Lancar                      3.565.844       3.495.181           70.663                         2,0                        Non-Current Assets
 Jumlah Aset                           10.628.300       9.601.482       1.026.818                         10,7                                   Total Assets
 Liabilitas                                                                                                                                         Liabilities
 Liabilitas Jangka Pendek               5.411.187       4.234.123       1.177.064                         27,8                      Short-Term Liabilities
 Liabilitas Jangka Panjang               313.639         951.291         (637.652)                       (67,0)                      Long-Term Liabilities
 Jumlah Liabilitas                      5.724.826       5.185.414         539.412                         10,4                               Total Liabilities
 Utang Berbunga                          314.507         171.231          143.276                         83,7                      Interest Bearing Debt
 Ekuitas                                4.903.474       4.416.068         487.406                         11,0                                          Equity
 Modal Kerja – Neto                     1.651.269       1.872.178       (220.909)                     (11,8)                       Working Capital – Net


ASET                                                                ASSETS
Pada tahun buku 2024, Elnusa membukukan aset mencapai               In the 2024 financial year, Elnusa recorded assets amounting to
Rp10,6 trilliun, naik 11% dibandingkan tahun 2023 yang sebesar      Rp10.6 trillion, up 11% from Rp9.6 trillion in 2023. The increase
Rp9,6 triliun. Kenaikan aset disebabkan oleh meningkatnya kas       in assets was due to the increase in cash and cash equivalents,
dan setara kas, piutang usaha, persediaan, dan aset tetap.          accounts receivable, inventory, and fixed assets.




 210       PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                           ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                              Management Discussion and Analysis




ASET LANCAR
Current Assets

                                                                                dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                               Kenaikan (Penurunan)
                                                                                Increase (Decrease)
                                          2024             2023                                    Persentase
               Uraian                                                         Selisih                                                   Description
                                                                                                   Percentage
                                                                            Difference
                                                                                                       (%)
                                            (1)              (2)               (3=1-2)                  (3:2)

 Kas dan Setara Kas                       2.949.057        2.077.725             871.332                         41,9               Cash and Cash Equivalents
 Piutang Usaha – Neto                     3.154.215        3.011.104             143.111                          4,8               Accounts Receivable – Net
 Aset Keuangan Lancar Lainnya –             119.881            39.478              80.403                       203,7          Other Current Financial Assets
 Neto                                                                                                                                                   – Net
 Persediaan – Neto                          515.267          452.691               62.576                        13,8                            Inventories – Net
 Uang Muka                                  122.817            43.759              79.058                       180,7                           Advance Payment
 Pajak Dibayar di Muka                      150.712          406.888            (256.176)                       (63,0)                                Prepaid Taxes
 Beban Dibayar di Muka                        50.507           74.656            (24.149)                       (32,3)            Prepaid Expenses and Other
 dan Aset Lancar Lainnya                                                                                                                       Current Assets
 Jumlah Aset Lancar                       7.062.456        6.106.301             956.155                         15,7                       Total Current Assets


Aset lancar Perseroan pada tahun 2024 tercatat mencapai Rp7,0              In 2024, the Company’s current assets were recorded at Rp7.0
triliun. Dibandingkan tahun 2023 yang sebesar Rp6,1 triliun, terjadi       trillion. In comparison to 2023, which amounted to Rp6.1 trillion,
kenaikan 16%. Kenaikan aset lancar terutama dipengaruhi oleh               there was an increase of 16%. The increase in current assets was
meningkatnya kas dan setara kas, piutang usaha dan persediaan.             mainly influenced by the increase in cash and cash equivalents,
Hal ini seiring dengan peningkatan revenue dan percepatan                  accounts receivable, and inventory. This is in line with the increase
collection period.                                                         in income and the acceleration of the collection period.

KAS DAN SETARA KAS
Cash and Cash Equivalent
                                                                                dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                               Kenaikan (Penurunan)
                                                                                Increase (Decrease)
                                          2024             2023                                    Persentase
               Uraian                                                         Selisih                                                   Description
                                                                                                   Percentage
                                                                            Difference
                                                                                                       (%)
                                            (1)              (2)               (3=1-2)                  (3:2)

 Kas                                              550              1.050             (500)                      (47,6)                                            Cash
 Bank                                                                                                                                                            Bank
   Rupiah                                 1.945.258        1.277.478             667.780                         52,3                                      Rupiah
   Dolar Amerika Serikat                    173.249            99.197              74.052                        74,7                    United States Dollar
 Jumlah Kas pada Bank                     2.118.507        1.376.675             741.832                         53,9                          Total Cash in Bank
 Call Deposit dan Deposito                                                                                                                        Call Deposit and
 Berjangka                                                                                                                                          Time Deposits
   Rupiah                                   830.000          700.000             130.000                         18,6                                      Rupiah
   Jumlah Call Deposit dan                  830.000          700.000             130.000                         18,6                 Total Call Deposits and
   Deposito Berjangka                                                                                                                          Time Deposits
 Jumlah Kas dan Setara Kas                2.949.057        2.077.725             871.332                         41,9       Total Cash and Cash Equivalents


Jumlah kas dan setara kas Perseroan pada tahun 2024 mencapai               The Company’s cash and cash equivalents in 2024 reached Rp2.9
Rp2,9 triliun. Dibandingkan tahun 2023 yang sebesar Rp2,0 triliun,         trillion. In comparison to 2023, which amounted to Rp2.0 trillion,
terjadi kenaikan 42%. Kenaikan kas dan setara kas terutama                 there was an increase of 42%. The increase in cash and cash
disebabkan oleh percepatan collection period dari 87 hari di tahun         equivalents was mainly due to the acceleration of the collection
2023 menjadi 86 hari di tahun 2024.                                        period from 87 days in 2023 to 86 days in 2024.




                                                                                                        2024 Annual Report PT ELNUSA Tbk                          211
Page 214
               ANALISIS DAN PEMBAHASAN MANAJEMEN
               Management Discussion and Analysis




PIUTANG USAHA
Account Receivable

                                                                                dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                               Kenaikan (Penurunan)
                                                                                Increase (Decrease)
                                          2024             2023                                    Persentase
                  Uraian                                                      Selisih                                                   Description
                                                                                                   Percentage
                                                                            Difference
                                                                                                       (%)
                                            (1)              (2)               (3=1-2)                  (3:2)

 Difakturkan                              1.328.385          994.942             333.443                         33,5                                           Billed
 Belum Difakturkan                        2.028.236        2.213.911            (185.675)                        (8,4)                                       Unbilled
 Jumlah Piutang Usaha                     3.356.621        3.208.853             147.768                          4,6                   Total Trade Receivables
 Cadangan Kerugian Penurunan Nilai         (202.406)        (197.749)              (4.657)                        2,4               Allowance for Impairment
 Jumlah Piutang Usaha Neto                3.154.215        3.011.104             143.111                          4,8       Total Account Receivables – Net


Total Piutang Usaha Perseroan pada tahun 2024 mencapai Rp3,2               The Company’s Total Accounts Receivables in 2024 reached Rp3.2
triliun. Dibandingkan tahun 2023 yang sebesar Rp3,0 triliun, terjadi       trillion. In comparison to 2023, which amounted to Rp3.0 trillion,
kenaikan 5%. Kenaikan disebabkan oleh peningkatan aktivitas di             there was a 5% increase. The increase was due to increased activity
tahun 2024 yang mengakibatkan pertumbuhan revenue dari tahun               in 2024, which resulted in income growth from the previous year.
sebelumnya.

ASET TIDAK LANCAR
Non-current Assets
                                                                                dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                               Kenaikan (Penurunan)
                                                                                Increase (Decrease)
                                          2024             2023                                    Persentase
                  Uraian                                                      Selisih                                                   Description
                                                                                                   Percentage
                                                                            Difference
                                                                                                       (%)
                                            (1)              (2)               (3=1-2)                  (3:2)

 Aset Keuangan Tidak Lancar Lainnya         229.602          379.502            (149.900)                       (39,5)           Other Non-Current Financial
                                                                                                                                                      Assets
 Pajak Dibayar di Muka – Bagian             970.970          606.051             364.919                         60,2            Prepaid Taxes – Non-Current
 Tidak Lancar                                                                                                                                        Portion
 Aset Pajak Tangguhan                       146.672          129.282               17.390                        13,5                        Deferred Tax Assets
 Investasi Pada Saham – Neto                  38.578           38.375                    203                      0,5              Investment in Shares – Net
 Uang Muka Bagian Tidak Lancar                11.716           37.074            (25.358)                       (68,4)    Advances for Non-Current Portion
 Aset Tetap – Neto                        1.934.147        1.889.189               44.958                         2,4                          Fixed Assets – Net
 Aset Hak Guna – Neto                       114.490          335.995            (221.505)                       (65,9)                Right of Use Assets – Net
 Aset Tak Berwujud                            20.359               6.637           13.722                       206,8                            Intangible Assets
 Properti Investasi – Neto                    50.873           50.961                    (88)                    (0,2)            Investment Properties – Net
 Aset Lain-Lain                               48.437           22.115              26.322                       119,0                                  Other Assets
 Jumlah Aset Tidak Lancar                 3.565.844        3.495.181               70.663                         2,0                       Total Current Assets


Aset tidak lancar Perseroan pada tahun 2024 tercatat mencapai              In 2024, the Company’s non-current assets were recorded at Rp3.6
Rp3,6 triliun. Dibandingkan tahun 2023 yang sebesar Rp3,5 triliun,         trillion. In comparison to 2023, which amounted to Rp3.5 trillion,
terjadi kenaikan 2%.                                                       there was an increase of 2%.




 212    PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                       ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                          Management Discussion and Analysis




ASET TETAP
Fixed Assets
                                                                            dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                           Kenaikan (Penurunan)
                                                                            Increase (Decrease)
                                        2024            2023                                   Persentase
               Uraian                                                     Selisih                                                   Description
                                                                                               Percentage
                                                                        Difference
                                                                                                   (%)
                                         (1)             (2)               (3=1-2)                  (3:2)

 Tanah                                   316.740         273.463               43.277                        15,8                                            Land
 Bangunan, Prasarana, dan Instalasi      148.214         169.177             (20.963)                       (12,4)            Building, Infrastructure, and
                                                                                                                                                Installation
 Mesin dan Peralatan                     307.523         368.945             (61.422)                       (16,6)              Machinery and Equipment
 Perabotan dan Perlengkapan                    (963)           157             (1.120)                 (713,4)               Office Furniture, Fixture, and
 Kantor                                                                                                                                         Equipment
 Alat Transportasi                       355.850         254.106             101.744                         40,0                               Transportation
 Konstruksi Baja                         537.862         653.348            (115.486)                       (17,7)                         Steel Construction
 Aset dalam Penyelesaian (Mesin          284.398         185.470               98.928                        53,3                Construction in Progress
 dan Peralatan)                                                                                                               (Machinery and Equipment)
 Provisi Penurunan Nilai                 (15.477)        (15.477)                      0                      0,0               Allowance for Impairment
 Nilai Buku Neto                        1.934.147       1.889.189              44.958                         2,4                              Net Book Value


Aset tetap Perseroan pada tahun 2024 mencapai Rp1,93 triliun,          In 2024, the Company’s fixed assets reached Rp1.93 trillion, up
naik 2% dibandingkan tahun 2023 yang sebesar Rp1,89 triliun.           2% compared to 2023, which amounted to Rp1.89 trillion. The
Kenaikan disebabkan oleh investasi yang dilakukan selama tahun         increase was due to investments made during 2024. As much as
2024. Sebesar 55% digunakan untuk investasi yang bersifat rutin        55% was used for routine investments to maintain production
guna mempertahankan kapasitas produksi, mengganti peralatan            capacity, replace equipment that is no longer productive or has
yang sudah tidak produktif atau telah habis masa ekonomisnya           reached the end of its economic life, and the rest was used to
dan sisanya digunakan untuk pembenahan fasilitas gedung kantor.        improve office building facilities.

Liabilitas                                                             Liabilities
Pada tahun 2024, total liabilitas Elnusa tercatat mencapai Rp5,7       In 2024, Elnusa’s total liabilities were recorded at Rp5.7 trillion, up
triliun, naik 9,6% dibandingkan tahun 2023 yang sebesar Rp5,2          9.6% from Rp5.2 in 2023. The increase was due to an increase in
triliun. Kenaikan disebabkan peningkatan utang usaha dan beban         accounts payable and accrued expenses.
yang masih harus dibayar.

LIABILITAS JANGKA PENDEK
Short-term Liabilities
                                                                            dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                           Kenaikan (Penurunan)
                                                                            Increase (Decrease)
                                        2024            2023                                   Persentase
               Uraian                                                     Selisih                                                   Description
                                                                                               Percentage
                                                                        Difference
                                                                                                   (%)
                                         (1)             (2)               (3=1-2)                  (3:2)

 Pinjaman Bank Jangka Pendek             130.068         171.231             (41.163)                       (24,0)                   Short-Term Bank Loans
 Utang Usaha                            1.154.736       1.004.817            149.919                         14,9                           Accounts Payable
 Liabilitas Keuangan Lainnya –             79.565          65.978              13.587                        20,6      Other Current Financial Liabilities
 Jangka Pendek
 Liabilitas Imbalan Kerja Jangka         284.091         274.538                 9.553                        3,5           Short-Term Employee Benefit
 Pendek                                                                                                                                       Liabilities
 Utang Pajak                               62.616          60.975                1.641                        2,7                                Taxes Payable
 Akrual                                 2.839.889       2.405.488            434.401                         18,1                                         Accrual
 Utang Sukuk                             699.418                   –         699.418                        100,0                                Sukuk Payable




                                                                                                    2024 Annual Report PT ELNUSA Tbk                          213
Page 216
            ANALISIS DAN PEMBAHASAN MANAJEMEN
            Management Discussion and Analysis




                                                                            dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                           Kenaikan (Penurunan)
                                                                            Increase (Decrease)
                                        2024            2023                                   Persentase
                Uraian                                                    Selisih                                                   Description
                                                                                               Percentage
                                                                        Difference
                                                                                                   (%)
                                         (1)             (2)               (3=1-2)                  (3:2)

 Utang Jangka Panjang yang Jatuh                                                                                       Long-Term Accounts Payable Due
 tempo dalam waktu satu tahun:                                                                                                       Within One Year:
   Pendapatan ditangguhkan                 10.700          10.700                      0                      0,0                        Deferred Income
   Liabilitas Sewa                       119.104         240.396            (121.292)                       (50,5)                         Lease Liabilities
   Utang Bank                              31.000                  -           31.000                       100,0                             Bank Payable
 Jumlah Liabilitas Jangka Pendek        5.411.187       4.234.123          1.177.064                         27,8              Total Short-Term Liabilities


Liabilitas jangka pendek Perseroan pada tahun 2024 mencapai            In 2024, the Company’s current liabilities reached Rp5.4 trillion, up
Rp5,4 triliun, naik 28% dibandingkan tahun 2023 yang sebesar           28% from Rp4.2 trillion in 2023. The increase in account payable is
Rp4,2 triliun. Kenaikan utang usaha seiring dengan kenaikan            in line with the increase in activity in 2024 and the reclassification
aktivitas tahun 2024 dan reklas utang sukuk keporsi lancar.            of sukuk payable to the current portion.

LIABILITAS JANGKA PANJANG
Long-term Liabilities
                                                                            dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                           Kenaikan (Penurunan)
                                                                            Increase (Decrease)
                                        2024            2023                                   Persentase
                Uraian                                                    Selisih                                                   Description
                                                                                               Percentage
                                                                        Difference
                                                                                                   (%)
                                         (1)             (2)               (3=1-2)                  (3:2)

 Pendapatan yang Ditangguhakan –           37.450          48.150            (10.700)                       (22,2)      Deferred Income – Non-Current
 Bagian Tidak Lancar                                                                                                                           Portion
 Utang Jangka Panjang – Setelah                                                                                       Long-Term Loans – Net of Current
 Dikurangi Bagian yang Jatuh Tempo                                                                                                          Maturities
 dalam Waktu Satu Tahun
   Liabilitas Sewa                        23.973         132.983            (109.010)                   (82,0)                         Lease Liabilities
   Utang Bank                            153.439               -              153.439                    100,0                           Bank Payable
   Utang Sukuk                                 -         698.607            (698.607)                  (100,0)                          Sukuk Payable
   Liabilitas Imbalan Kerja               95.256          71.551               23.705                     33,1             Employee Benefit Liabilities
   Liabilitas Pajak Tangguhan              3.521               -                3.521                    100,0                  Deferred Tax Liabilities
   Jumlah Liabilitas Jangka Panjang      313.639         951.291            (637.652)                   (67,0)              Total Long-Term Liabilities


Liabilitas jangka panjang Perseroan pada tahun 2024 mencapai           The Company’s non-current liabilities in 2024 reached Rp314
Rp314 miliar, turun 67% dibandingkan tahun 2023 yang sebesar           billion, down 67% from Rp951 billion in 2023. The decrease was
Rp951 miliar. Penurunan disebabkan oleh turunnya liabilitas sewa       due to a decline in lease liabilities and the reclassification of sukuk
dan reklas utang sukuk ke porsi lancar.                                payable to the current portion.

STATUS PINJAMAN BANK PERSEROAN
Bank Loan Status of the Company
                                                                            dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                           Kenaikan (Penurunan)
                                                                            Increase (Decrease)
                                        2024            2023                                   Persentase
                Uraian                                                    Selisih                                                   Description
                                                                                               Percentage
                                                                        Difference
                                                                                                   (%)
                                         (1)             (2)               (3=1-2)                  (3:2)

 PT Bank UOB Indonesia                     47.544          67.434            (19.890)                       (29,5)               PT Bank UOB Indonesia
 PT Bank ICBC Indonesia                    37.652          66.290            (28.638)                       (43,2)               PT Bank ICBC Indonesia
 PT Bank Mandiri (Persero) Tbk             44.872          37.507               7.365                         19,6         PT Bank Mandiri (Persero) Tbk



 214    PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                      ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                         Management Discussion and Analysis




                                                                           dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                          Kenaikan (Penurunan)
                                                                           Increase (Decrease)
                                       2024            2023                                   Persentase
               Uraian                                                    Selisih                                                   Description
                                                                                              Percentage
                                                                       Difference
                                                                                                  (%)
                                        (1)             (2)               (3=1-2)                  (3:2)

 PT Bank Mega Tbk                         52.206               -             52.206                        100,0                      PT Bank Mega Tbk
 PT Bank Syariah Indonesia               132.233               -            132.233                        100,0               PT Bank Syariah Indonesia
 Jumlah                                  314.507         171.231            143.276                         83,7                                   Total


Hingga akhir tahun 2024, total pinjaman bank Perseroan mencapai       As of the end of 2024, the Company’s total bank loans reached
Rp314,5 miliar. Dibandingkan tahun 2023 yang sebesar Rp171,2          Rp314.5 billion. In comparison to 2023, which amounted to
miliar, terjadi kenaikan 84%. Kenaikan tersebut terjadi karena        Rp171.2 billion, there was an increase of 84%. The increase
peningkatan kebutuhan pembiayaan atas transaksi perdagangan.          occurred due to the rise in financing needs for trade transactions.

KOMPOSISI PINJAMAN BANK DALAM MATA UANG ASLI
Composition of Bank Loans based on the Currency
                                                                           dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                          Kenaikan (Penurunan)
                                                                           Increase (Decrease)
                                       2024            2023                                   Persentase
               Uraian                                                    Selisih                                                   Description
                                                                                              Percentage
                                                                       Difference
                                                                                                  (%)
                                        (1)             (2)               (3=1-2)                  (3:2)

 Rupiah                                  307.682         114.558            193.124                        168,6                                         Rupiah
 Dolar AS                                     6.825       56.673            (49.848)                       (88,0)                       United States Dollar
 Total Pinjaman Bank                     314.507         171.231            143.276                         83,7                             Total Bank Loan


Komposisi pinjaman bank Perseroan dari sisi mata uang, sebagian       The composition of the Company’s bank loans in terms of currency
besar dalam denominasi rupiah, yaitu Rp307 miliar atau 97,8%          is mostly in rupiah denomination, which amounted to Rp307
dari total pinjaman dari bank. Sedangkan dalam dolar Amerika          billion, or 97.8% of total loans from banks. Meanwhile, in US
Serikat sebesar Rp6,8 miliar atau 2,2%                                dollars it amounts to Rp6.8 billion or 2.2%.

EKUITAS
Equity
                                                                           dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                          Kenaikan (Penurunan)
                                                                           Increase (Decrease)
                                       2024            2023                                   Persentase
               Uraian                                                    Selisih                                                   Description
                                                                                              Percentage
                                                                       Difference
                                                                                                  (%)
                                        (1)             (2)               (3=1-2)                  (3:2)

 Modal Saham Ditempatkan dan             729.850         729.850                      0                      0,0        Issued and Fully-Paid Up Capital
 Disetor Penuh 7.298.500.000                                                                                                      7,298,500,000 Shares
 Saham
 Tambahan Modal Disetor                  435.691         435.691                      0                      0,0                 Additional Paid-In Capital
 Saldo Laba                            3.809.473       3.297.025            512.448                         15,5                           Retained Earnings
 Penghasilan Komprehensif Lain           (73.132)       (48.086)            (25.046)                        52,1          Other Comprehensive Income
 Jumlah Ekuitas yang Diatribusikan     4.901.882       4.414.480            487.402                         11,0 Total Equity Attributable to Owners
 kepada Pemilik Entitas Induk                                                                                                     of the Parent Entity
 Kepentingan Non-pengendali                   1.592           1.588                   4                      0,3                 Non-Controlling Interests
 Jumlah Ekuitas                        4.903.474       4.416.068            487.406                         11,0                                   Total Equity




                                                                                                   2024 Annual Report PT ELNUSA Tbk                          215
Page 218
              ANALISIS DAN PEMBAHASAN MANAJEMEN
              Management Discussion and Analysis




Pada tahun 2024, total ekuitas Elnusa tercatat mencapai Rp4,9            In 2024, Elnusa’s total equity was recorded at Rp4.9 trillion, up
triliun, naik 11% dibandingkan tahun 2023 yang sebesar Rp4,4             11% from 2023, which amounted to Rp4.4 trillion. The increase in
triliun. Kenaikan ekuitas seiring dengan peningkatan laba                equity is in line with the increase in the company’s profit.
perusahaan.

LAPORAN PERUBAHAN EKUITAS KONSOLIDASI
Consolidated Report on the Change of Equity
                                                                             (Dalam jutaan rupiah, kecuali dinyatakan lain | In million rupiah, unless stated otherwise)

                                         Tambahan                     Saldo       Penghasilan                                      Kepentingan
                                           Modal       Saldo Laba   Laba Tidak   Komprehensif                                          Non
                           Modal
        Uraian                             Disetor    Dicadangkan Dicadangkan         Lain                         Jumlah           Pengendali             Jumlah
                           Saham
      Description                        Additional     Retained  Unappropriated     Other                          Total              Non-                 Total
                         Capital Stock
                                          Paid-Up       Earnings     Retained    Comprehensive                                      Controlling
                                           Capital                   Earnings       Income                                           Interests
 Saldo Balance per/          729.850       435.691       135.229         2.329.556               (55.288)          3.575.038                 1.660       3.576.698
 31/12/2019
 Balance as of
 31/12/2019
 Saldo Balance per/          729.850       435.691       145.971         2.479.251               (51.325)          3.739.438                 1.508       3.740.946
 31/12/2020
 Balance as of
 31/12/2020
 Saldo Balance per/          729.850       435.691       155.934         2.503.303               (48.253)          3.776.525                 1.609       3.778.134
 31/12/2021
 Balance as of
 31/12/2021
 Saldo Balance per/          729.850       435.691       158.109         2.824.819               (32.844)          4.115.625                 1.586       4.117.211
 31/12/2022
 Balance as of
 31/12/2022
 Saldo Balance per/          729.850       435.691       158.109         3.138.916               (48.086)          4.414.480                 1.588       4.416.068
 31/12/2023
 Balance as of
 31/12/2023
 Saldo Balance per/          729.850       435.691       158.109         3.651.364               (73.132)          4.901.882                 1.592       4.903.474
 31/12/2024
 Balance as of
 31/12/2024



LABA (RUGI) DAN PENGHASILAN KOMPREHENSIF LAIN
Profit (Loss) and Other Comprehensive Income
                                                                              dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                             Kenaikan (Penurunan)
                                                                              Increase (Decrease)
                                            2024            2023                                  Persentase
                Uraian                                                       Selisih                                                   Description
                                                                                                  Percentage
                                                                           Difference
                                                                                                      (%)
                                             (1)             (2)             (3=1-2)                   (3:2)

 Pendapatan                                13.393.013      12.564.391           828.622                          6,6                                       Revenue
 Beban Pokok Pendapatan                   (12.068.115)    (11.394.689)        (673.426)                          5,9                             Cost of Revenue
 Laba Bruto                                 1.324.898       1.169.702           155.196                         13,3                                   Gross Profit
 Beban Usaha                                  519.484        (500.050)        1.019.534                   (203,9)                           Operating Expenses
 Laba Usaha                                   805.414         669.652           135.762                         20,3                             Operating Profit
 EBITDA                                     1.454.585       1.281.770           172.815                         13,5                                         EBITDA
 Penghasilan Bunga                            198.558          75.068           123.490                        164,5                             Interest Income
 Pendapatan Lain-lain Neto                     27.452          17.112             10.339                        60,4                        Other Income – Net
 Beban Keuangan                              (124.595)       (115.221)            (9.374)                        8,1                          Finansial Expenses




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                                                                                                                  ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                                     Management Discussion and Analysis




                                                                                     dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                                    Kenaikan (Penurunan)
                                                                                     Increase (Decrease)
                                             2024                2023                                   Persentase
                 Uraian                                                            Selisih                                                      Description
                                                                                                        Percentage
                                                                                 Difference
                                                                                                            (%)
                                              (1)                 (2)               (3=1-2)                  (3:2)

 Laba Sebelum Pajak Final dan Pajak            906.829            646.611             260.217                         40,2     Profit Before Final Tax and Income
 Penghasilan                                                                                                                                                   tax
 Beban Pajak Final dan Pajak                 (193.157)           (143.480)            (49.677)                        34,6     Final tax and Income Tax Expenses
 Penghasilan
 Laba (Rugi) Tahun Berjalan                    713.672            503.131             210.541                         41,8                      Profit (Loss) for the Year
 Laba komprehensif Tahun Berjalan              688.626            487.889             200.737                         41,1      Comprehensive Profit for the Year
 Laba Tahun Berjalan yang Dapat                        4                   2                      2                  100,0       Profit for the Year Attributable to
 Diatribusikan Kepada Kepentingan                                                                                                         Non-Controlling Interests
 Non-Pengendali
 Laba Tahun Berjalan yang Dapat                713.668            503.129             210.539                         41,8       Profit for the Year Attributable to
 Diatribusikan                                                                                                                         Owners of the Parent Entity
 Kepada Pemilik Entitas Induk
 Laba Tahun Berjalan yang Dapat                714.044            503.099             211.417                         41,9         Profit for the Year Attributable
 Diatribusikan kepada Pemilik                                                                                                      to Owners of the Parent Entity
 Entitas Induk Tanpa Penjualan Aset                                                                                              Excluding Gain (Loss) on Sales of
                                                                                                                                                             Assets
 Marjin Laba Bruto                                   9,9%                9,3%                 0,6                      6,5                          Gross Profit Margin
 Marjin EBITDA                                      10,9%               10,2%                 0,7                      6,9                               EBITDA Margin
 Marjin Laba Bersih                                  5,3%                4,0%                 1,3                     32,5                             Net Profit Margin
 Marjin Laba Bersih Tanpa                            5,3%                4,0%                 1,3                     32,5       Net Profit Margin Excluding Gain
 Penjualan Aset                                                                                                                          (Loss) on Sales of Assets




PENDAPATAN
Revenue
                                                                                   (Dalam jutaan rupiah, kecuali dinyatakan lain | In million rupiah, unless stated otherwise)

                                                                                                                             Persentase
                                             Kontribusi                          Kontribusi             Selisih
                                2024                             2023                                                        Percentage
         Uraian                             Contribution                        Contribution          Difference                                       Description
                                                                                                                                 (%)
                                                (%)                                 (%)
                                  (1)                              (2)                                  (3=1-2)                 (3:2)

 Penjualan barang dan           7.089.362             50,6       7.049.741               53,3               39.621                       0,6         Sales of goods and
 Jasa Distribusi dan                                                                                                                                   Distribution and
 Logistik Energi                                                                                                                                        Energy Logistics
                                                                                                                                                                services
 Jasa Hulu Migas                5.097.003             37,8       4.257.537               33,6             839.466                       19,7       Integrated Upstream
 Terintegrasi                                                                                                                                       Oil and Gas Services
 Jasa Penunjang Migas           1.800.517             11,6       1.820.835               13,1             (20,318)                      (1,1)       Oil and Gas Support
                                                                                                                                                                Services
 Rekonsiliasi                   (593.869)                   -    (563.722)                    -           (30.147)                       5,3              Reconciliation
 Jumlah Pendapatan             13.393.013              100      12.564.391                100             828.622                        6,6               Total Income


Total pendapatan yang berhasil dibukukan Perseroan mencapai                     The total income recorded by the Company reached Rp13.3
Rp13,4 triliun, naik 6,6% dibandingkan tahun 2023 yang sebesar                  trillion, up 6.6% from Rp12.6 trillion in 2023. The increase was due
Rp12,6 triliun. Kenaikan disebabkan oleh kenaikan baik di jasa hulu             to increases in both integrated upstream oil and gas services and
migas terintegrasi serta Penjualan barang dan Jasa Distribusi dan               Sales of goods and Energy Distribution and Logistics Services.
Logistik Energi.

Pendapatan dari kegiatan usaha penjualan barang dan jasa                        Revenue from the Sales of goods and Distribution and Energy Logistics
distribusi dan logistik energi pada tahun 2024 mencapai Rp7,1                   services business in 2024 reached Rp7.1 trillion. Compared to




                                                                                                             2024 Annual Report PT ELNUSA Tbk                          217
Page 220
               ANALISIS DAN PEMBAHASAN MANAJEMEN
               Management Discussion and Analysis




triliun. Dibandingkan tahun 2023 yang sebesar Rp7,0 triliun,            Rp7.0 trillion in 2023, there was a slight increase of 0.6%. This
terjadi peningkatan tipis 0,6%. Kegiatan usaha ini berkontribusi        business activity contributed 50.6% to total revenue. The increase
50,6% terhadap total pendapatan. Kenaikan pendapatan dari               in revenue from the Sales of goods and Energy Distribution and
kegiatan usaha Penjualan barang dan Jasa Distribusi dan Logistik        Logistics Services business activities was driven by an increase in
Energi didorong oleh peningkatan volume thruput seiring dengan          thruput volume in line with the increase in community activities,
peningkatan aktivitas masyarakat, penambahan proyek baru, serta         the addition of new projects, and the development of non-BBM
pengembangan proyek angkutan non-BBM.                                   transportation projects.

Pendapatan dari jasa hulu migas terintegrasi pada tahun 2024            Revenue from integrated upstream oil and gas services in 2024
mencapai Rp5,1 triliun, naik 19,8% dibandingkan tahun 2023              reached Rp5.1 trillion, up 19.8% compared to Rp4.3 trillion in
yang sebesar Rp4,3 triliun. Kegiatan usaha ini berkontribusi 37,8%      2023. This business activity contributed 37.8% to total revenue.
terhadap total pendapatan. Kenaikan pendapatan dari jasa hulu           The increase in revenue from integrated upstream oil and
migas terintegrasi terutama disebabkan oleh lini bisnis Geoscience      gas services was mainly due to the Geoscience & Reservoir
& Reservoir Services (GRS) yang mengalami peningkatan                   Services (GRS) business line which experienced an increase in
penyelesaian proyek seismik serta lini bisnis Engineering,              seismic project completions and the Engineering, Procurement,
Procurement, Construction, Operation & Maintenance                      Construction, Operation & Maintenance (EPCOM) business
(EPCOM) yang berhasil menerapkan strategi perusahaan dalam              line which successfully implemented the company’s strategy in
mengoptimalkan layanan berbasis teknologi dan efisiensi                 optimizing technology-based services and operational efficiency in
operasional di sektor hulu migas.                                       the upstream oil and gas sector.

Sedangkan pendapatan dari jasa penunjang migas pada tahun               Meanwhile, revenue from oil and gas supporting services in
2024 mencapai Rp1,8 triliun. Dibandingkan tahun 2023 yang               2024 reached Rp1.8 trillion. Compared to the year 2023 which
sebesar Rp1,82 triliun, terjadi penurunan 1,1%. Kegiatan usaha          amounted to Rp1.82 trillion, there was a decrease of 1.1%.
ini berkontribusi 11,6% terhadap total pendapatan. Penurunan            This business activity contributed 11.6% to total revenue. This
ini disebabkan oleh penurunan pada anak perusahaan yaitu pada           decrease was caused by a decrease in subsidiaries, namely in the
lini bisnis jasa Information Management System di Patra Nusa            Information Management System services business line at Patra
Data dan pada lini bisnis Maintenance Services di Elnusa Fabrikasi      Nusa Data and in the Maintenance Services business line at Elnusa
Konstruksi.                                                             Fabrication Construction.




       KONTRIBUSI PENDAPATAN ELNUSA
       Elnusa Revenue Contibution
       dalam % | in %

                    11,6%                                            13,1%




                                                                                                                              Penjualan Barang dan Jasa

                        2024                                                 2023
    37,8%                                50,6%                                                            53,3%               Distribusi dan Logistik energi
                                                         33,6%                                                                Sales of Goods and Services
                                                                                                                              Energy Distribution and Logistics
                                                                                                                              Jasa Hulu Migas Terintegrasi
                                                                                                                              Integrated Upstream Oil and Gas
                                                                                                                              Services
                                                                                                                              Jasa Penunjang Migas
                                                                                                                              Oil and Gas Support Services




BEBAN POKOK PENDAPATAN
Cost of Revenue
                                                                              dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                             Kenaikan (Penurunan)
                                                                              Increase (Decrease)
                                         2024            2023                                    Persentase
                  Uraian                                                   Selisih                                                    Description
                                                                                                 Percentage
                                                                         Difference
                                                                                                     (%)
                                          (1)              (2)               (3=1-2)                  (3:2)

 Jasa Subkontraktor                      3.434.639        3.220.236            214.403                         6,7                     Subcontractor Services
 Gaji , Upah dan kesejahteraan           2.083.588        1.803.640            279.948                        15,5              Salary, Wage, and Employee
 karyawan                                                                                                                                          Welfare



 218      PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                        ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                           Management Discussion and Analysis




                                                                             dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                            Kenaikan (Penurunan)
                                                                             Increase (Decrease)
                                          2024            2023                                  Persentase
                 Uraian                                                    Selisih                                                   Description
                                                                                                Percentage
                                                                         Difference
                                                                                                    (%)
                                           (1)              (2)             (3=1-2)                  (3:2)

 Bahan Bakar                              1.164.298         913.925           250.373                         27,4                                             Fuel
 Penyusutan dan Amortisasi                 646.960          609.012             37.948                         6,2         Depreciation and Amortization
 Biaya Lainnya                            4.738.630       4.847.876          (109.246)                        (2,3)                             Other Expenses
 Jumlah Beban Pokok Pendapatan          12.068.115       11.394.689           673.426                          5,9                     Total Cost of Revenue


Pada tahun 2024, total beban pokok pendapatan Perseroan                 In 2024, the Company’s total cost of income reached Rp12.06
mencapai Rp12,06 triliun, naik 6% dibandingkan tahun 2023 yang          trillion, up 6% from 2023, which amounted to Rp11.4 trillion. Along
sebesar Rp11,4 triliun. Seiring dengan kenaikan pendapatan di           with the increase in income in almost all business lines, there has
hampir semua lini bisnis, kenaikan biaya terutama pada biaya            been an increase in costs, especially in direct labor, subcontractors,
direct labor, subkontraktor, overhead, dan bahan bakar. Hal ini         overhead, and fuel. This was influenced by increased activity in
dipengaruhi oleh peningkatan aktivitas di hampir semua lini bisnis.     almost all business lines.

LABA BRUTO
Gross Profit
                                                                             dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                            Kenaikan (Penurunan)
                                                                             Increase (Decrease)
                                          2024            2023                                  Persentase
                 Uraian                                                    Selisih                                                   Description
                                                                                                Percentage
                                                                         Difference
                                                                                                    (%)
                                           (1)              (2)             (3=1-2)                  (3:2)

 Penjualan barang dan Jasa                 636.335          537.913             98.422                        18,3         Sales of goods and Distribution
 Distribusi dan Logistik Energi                                                                                              and Energy Logistics Services
 Jasa Hulu Migas Terintegrasi              453.619          401.359             52.260                        13,0      Integrated Upstream Oil and Gas
                                                                                                                                                Services
 Jasa Penunjang Migas                      236.654          233.473               3.181                        1,4            Oil and Gas Support Services
 Rekonsiliasi                                (1.710)          (3.043)             1.333                      (43,8)                               Reconciliation
 Jumlah Laba Bruto                        1.324.898       1.169.702           155.196                         13,3                           Total Gross Profit



Dari kegiatan operasional sepanjang tahun buku 2024, Elnusa             From operational activities throughout the 2024 financial year,
membukukan laba bruto sebesar Rp1,3 triliun, meningkat 13%              Elnusa booked a gross profit of Rp1.3 trillion, an increase of 13%
dibandingkan tahun 2023 yang sebesar Rp1,1 triliun. Kenaikan            compared to the year 2023 which amounted to Rp1.1 trillion.
disebabkan membaiknya profitabilitas pada segmen bisnis jasa            The increase was due to improved profitability in the upstream
hulu migas terutama pada bisnis jasa penyelidikan dan pengolahan        oil and gas services business segment, especially in the seismic
data seismik, oilfield services seiring dengan meningkatnya             investigation and data processing services business, oilfield
produktivitas alat dan penyelesaian beberapa proyek yang tertunda       services in line with increased equipment productivity and
pada bisnis EPCOM. Selain itu segmen bisnis jasa penunjang hulu         completion of several pending projects in the EPCOM business. In
migas juga mengalami peningkatan laba kotor sebesar 1% dari             addition, the upstream oil and gas supporting services business
tahun lalu, terutama disebabkan oleh membaiknya profitabilitas          segment also experienced a 1% increase in gross profit from last
di EFK. Di samping itu, terdapat peningkatan profitabilitas dari        year, mainly due to improved profitability at EFK. In addition, there
pengelolaan warehouse dan pekerjaan ICT.                                was an increase in profitability from warehouse management
                                                                        and ICT services.




                                                                                                     2024 Annual Report PT ELNUSA Tbk                          219
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             ANALISIS DAN PEMBAHASAN MANAJEMEN
             Management Discussion and Analysis




BEBAN USAHA
Operating Expenses
                                                                              dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                             Kenaikan (Penurunan)
                                                                              Increase (Decrease)
                                         2024            2023                                    Persentase
               Uraian                                                       Selisih                                                   Description
                                                                                                 Percentage
                                                                          Difference
                                                                                                     (%)
                                          (1)              (2)               (3=1-2)                  (3:2)

 Beban Penjualan                                4.475            7.562           (3.087)                      (40,8)                              Sales Expenses
 Beban Umum dan Administrasi               515.009         492.488               22.521                         4,6              General and Administrative
                                                                                                                                                 Expenses
 Jumlah Beban Usaha                        519.484         500.050               19.434                         3,9                Total Operating Expenses

Beban usaha Perseroan terdiri dari 2 (dua) komponen utama, yaitu         The Company’s operating expenses consist of 2 (two) main
beban penjualan serta beban umum dan beban administrasi. Pada            components, namely sales expenses and general and administrative
tahun 2024, total beban usaha mencapai Rp519 miliar, naik 4%             expenses. In 2024, total operating expenses reached Rp519
dibandingkan tahun 2023 yang sebesar Rp500,0 miliar. Kenaikan            billion, up 4% compared to 2023, which amounted to Rp500.0
terdapat pada peningkatan biaya gaji upah, kesejahteraan                 billion. The increase was due to an increase in salary expenses,
karyawan, training, dan transportation & travelling pasca kondisi        employee welfare, training, and transportation & traveling after
pandemi.                                                                 the pandemic.

LABA SEBELUM BEBAN BUNGA, PAJAK, DEPRESIASI DAN AMORTISASI (EBITDA)
Profit before Interest Expense, Tax, Depreciation, and Amortization (EBITDA)
                                                                              dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                             Kenaikan (Penurunan)
                                                                              Increase (Decrease)
                                         2024            2023                                    Persentase
               Uraian                                                       Selisih                                                   Description
                                                                                                 Percentage
                                                                          Difference
                                                                                                     (%)
                                          (1)              (2)               (3=1-2)                  (3:2)

 Laba Operasional                          805.414         669.652             135.762                         20,3                             Operating Profit
 Beban Depresiasi                          649.171         612.118               37.053                         6,1                    Depreciation Expenses
 EBITDA                                  1.454.585        1.281.770            172.815                         13,5                                         EBITDA
 Persentase Depresiasi terhadap                 44,6%            47,8%            (3,2%)                       (6,7)         Percentage of Depreciation to
 EBITDA (%)                                                                                                                                   EBITDA (%)
 Persentase Laba Operasional                     6,0%             5,3%                 0,7%                    13,2      Percentage of Operating Profit to
 terhadap Pendapatan (%)                                                                                                                      Income (%)
 Persentase EBITDA terhadap                     10,9%            10,2%                 0,7%                     6,9       Percentage of EBITDA to Income
 Pendapatan (%)                                                                                                                                       (%)



Pada tahun 2024, EBITDA yang dicatat Perseroan mencapai Rp1,4            In 2024, the Company’s EBITDA reached Rp1.4 trillion. In
triliun. Dibandingkan tahun 2023 yang sebesar Rp1,2 triliun,             comparison to 2023, which amounted to Rp1.2 trillion, there
terjadi kenaikan 13,5%. Peningkatan EBITDA disebabkan karena             was an increase of 13.5%. The increase in EBITDA was due to the
meningkatnya laba operasional di segmen bisnis jasa hulu migas           increase in operating profit in the integrated upstream oil and gas
terintegrasi dan penjualan barang dan jasa distribusi dan logistik       support services and sales of goods and distribution and energy
energi. Selain itu beban depresiasi mengalami peningkatan 6,1%           logistics services. In addition, depreciation expenses increased by
                                                                         6.1%.




220       PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                           ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                              Management Discussion and Analysis




PENDAPATAN (BEBAN) LAIN-LAIN
Other Income (Expenses)
                                                                                dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                               Kenaikan (Penurunan)
                                                                                Increase (Decrease)
                                           2024             2023                                   Persentase
                Uraian                                                        Selisih                                                   Description
                                                                                                   Percentage
                                                                            Difference
                                                                                                       (%)
                                            (1)              (2)               (3=1-2)                  (3:2)

 Laba (Rugi) Penjualan Aset Tetap                 (376)              30              (406)               (1.353,3)               Profit (Loss) on Sales of Fixed
                                                                                                                                                         Assets
 Penghasilan Bunga                           198.558           75.068            123.490                        164,5                              Interest Income
 Beban Bunga                               (124.595)         (115.221)             (9.374)                        8,1                           Interest Expenses
 Laba (Rugi) Selisih Kurs                     18.291           (8.460)             26.751                  (316,2)              Proft (Loss) on Exchange Rate
 Lain-lain - bersih                               9.538        25.071            (15.533)                       (62,0)                                 Others – Net
 Jumlah Pendapatan (Beban) Lain-             101.415          (23.041)           124.456                   (540,2)            Total Other Income (Expenses)
 lain
 Pendapatan (Beban) Lain-lain                     14,2%       (4,58%)               18,7%                  (410,0)          Other Income (Expenses) to Net
 terhadap Laba Bersih                                                                                                                                Profit

Pendapatan lain-lain tahun 2024 secara kumulatif mencapai                  Other income in 2024 cumulatively reached Rp101 billion, up
Rp101 miliar, naik 540% dibandingkan tahun 2023 yang sebesar               540% compared to Rp23.0 billion in 2023. The increase was due
Rp23,0 miliar. Kenaikan disebabkan oleh adanya laba selisih kurs           to foreign exchange gain of Rp18.3 billion compared to last year’s
sebesar Rp18,3 miliar dibandingkan tahun lalu rugi selisih kurs            foreign exchange loss of Rp8.5 billion. In addition, there was
sebesar Rp8,5 miliar. Selain itu adanya penghasilan bunga sebesar          interest income of Rp198.6 billion, an increase of 165% from 2023
Rp198,6 milliar, meningkat 165% dari tahun 2023 disebabkan oleh            due to interest income from the refund of Bank Mega’s principal
pendapatan bunga dari penerimaan pengembalian dana pokok                   deposits.
deposito Bank Mega.

LABA BERSIH DAN MARGIN LABA BERSIH
Net Profit and Net Profit Margin
                                                                                dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                               Kenaikan (Penurunan)
                                                                                Increase (Decrease)
                                           2024             2023                                   Persentase
                Uraian                                                        Selisih                                                   Description
                                                                                                   Percentage
                                                                            Difference
                                                                                                       (%)
                                            (1)              (2)               (3=1-2)                  (3:2)

 Penjualan barang dan Jasa                   389.244          321.851              67.393                        20,9         Sales of goods and Distribution
 Distribusi dan Logistik Energi                                                                                                  and Energy Logistic Services
 Jasa Hulu Migas Terintegrasi                223.105           67.016            156.089                        232,9      Integrated Upstream Oil and Gas
                                                                                                                                                   Services
 Jasa Penunjang Migas                         96.109          107.665            (11.556)                       (10,7)           Oil and Gas Support Services
 Rekonsiliasi                                     5.214            6.599           (1.385)                      (21,0)                               Reconciliation
 Jumlah Laba bersih Tahun Berjalan           713.672          503.131            210.541                         41,8              Total Net Profit for the Year
 Net Profit Margin                                 5,3%            4,0%                  1,3%                    32,5                           Net Profit Margin



Pada tahun 2024, total laba bersih Perseroan mencapai Rp713,6              In 2024, the Company’s total net profit reached Rp713.6 billion, up
miliar, naik 42% dibandingkan tahun 2023 yang sebesar Rp503,1              42% from Rp503.1 billion in 2023. This net profit achievement was
miliar. Capaian laba bersih ini dikontribusikan dari lini bisnis Jasa      contributed from the Integrated Upstream Oil and Gas Services
Hulu Migas Terintegrasi serta Penjualan Barang dan Jasa Distribusi         business line and Sales of Goods and Energy Distribution and
dan Logistik Energi.                                                       Logistics Services.




                                                                                                        2024 Annual Report PT ELNUSA Tbk                          221
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            ANALISIS DAN PEMBAHASAN MANAJEMEN
            Management Discussion and Analysis




ARUS KAS KONSOLIDASIAN
Consolidated Cash Flow
                                                                              dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                              Kenaikan (Penurunan)
                                                                               Increase (Decrease)
                                          2024             2023                                  Persentase
               Uraian                                                        Selisih                                                  Description
                                                                                                 Percentage
                                                                           Difference
                                                                                                     (%)
                                           (1)              (2)              (3=1-2)                  (3:2)

Kas neto yang diperoleh dari              1.747.142        1.389.990            357.152                        25,7      Net cash obtained from operating
aktivitas operasi                                                                                                                                 activities
Kas neto yang digunakan untuk             (477.660)         (487.739)             10.079                       (2,1)            Net cash used for investing
aktivitas investasi                                                                                                                               activities
Kas neto yang digunakan untuk             (406.037)         (477.631)             71.594                      (15,0)           Net cash used for financing
aktivitas pendanaan                                                                                                                               activities
Dampak perubahan selisih kurs                    7.887        (3.870)             11.757                  (303,8)       Impact of change in exchange rate
terhadap setara kas                                                                                                                    to cash equivalents
Kenaikan (Penurunan) neto kas dan           871.332          420.750            450.582                       107,1    Increase (Decrease) in net cash and
setara kas                                                                                                                                cash equivalents
Kas dan setara kas pada awal tahun        2.077.725        1.656.975            420.750                        25,4       Cash and Cash Equivalents at the
                                                                                                                                     beginning of the year
Kas dan setara kas pada akhir tahun       2.949.057        2.077.725            871.332                        41,9       Cash and Cash Equivalents at the
                                                                                                                                           end of the year


Pada akhir tahun buku 2024, saldo kas dan setara kas Elnusa               As of the end of the 2024 financial year, Elnusa’s cash and cash
mencapai Rp2,9 triliun, mengalami kenaikan 42% dibandingkan               equivalents reached Rp2.9 trillion, an increase of 42% from
posisi tahun 2023 yang sebesar Rp2,1 triliun. Tahun ini                   the 2023 position of Rp2.1 trillion. The year saw a significant
menunjukkan perbaikan signifikan dalam arus kas perseroan,                improvement in the company’s cash flow, particularly an increase
terutama kenaikan dari aktivitas operasi sebesar Rp357 milliar yang       from operating activities of Rp357 billion from improved cash to
berasal dari perbaikan cash to cash cycle, kenaikan penerimaan            cash cycle, increased cash receipts from customers, additional
kas dari pelanggan, penambahan penerimaan penghasilan bunga               interest income receipts and tax refund receipts.
dan penerimaan restitusi pajak.

ARUS KAS DARI AKTIVITAS OPERASI
Cash Flow from Operating Activities
                                                                              dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                              Kenaikan (Penurunan)
                                                                               Increase (Decrease)
                                          2024             2023                                  Persentase
               Uraian                                                        Selisih                                                  Description
                                                                                                 Percentage
                                                                           Difference
                                                                                                     (%)
                                           (1)              (2)              (3=1-2)                  (3:2)

 Penerimaan Kas dari Pelanggan           13.442.402       12.647.968           794.434                          6,3          Cash Receipts from Customers
 Pembayaran Kas kepada Pemasok,        (12.307.216)      (11.471.740)         (835.476)                        7 ,3             Cash Payments to Suppliers,
 Kontraktor dan Karyawan                                                                                                        Contractors, and Employees
 Penerimaan Penghasilan Bunga              198.064            74.648           123.416                        165,3          Receipts from Interest Income
 Pembayaran Beban Keuangan                 (21.415)          (16.025)            (5.390)                       33,6        Payments of Financial Expenses
 Penerimaan Restitusi Pajak                478.580           293.766           184.814                         62,9                   Receipts of Tax Refunds
 Pembayaran Pajak                          (17.308)          (17.749)                  441                    (2,5)                           Payment of Taxes
 Pembayaran kepada Pemerintah             (141.525)        (126.195)           (15.330)                        12,1           Payments to the Government
 Penerimaan atas Aktivitas Operasi         115.560                5.317        110.243                   2.073,4            Receipts from Other Operating
 Lainnya – Bersih                                                                                                                          Activities – Net
 Kas Neto Diperoleh dari (Digunakan       1.747.142        1.389.990           357.152                         25,7                 Net Cash from (Used for)
 untuk) Aktivitas Operasi                                                                                                                Operating Activities




222     PT ELNUSA Tbk Laporan Tahunan 2024
Page 225
                                                                                                            ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                               Management Discussion and Analysis




Arus kas bersih yang diperoleh dari aktivitas operasi Perseroan             Net cash flow from operating activities increased by 26% from
mengalami kenaikan 26% dari Rp 1,3 triliun di tahun 2023 menjadi            Rp 1.3 trillion in 2023 to Rp1.7 trillion in 2024. The increase
Rp1,7 triliun pada tahun 2024. Peningkatan aktivitas operasi                in operating activities was due to an increase in cash receipts
disebabkan oleh kenaikan penerimaan kas dari pelanggan sebesar              from customers by Rp794 billion in line with the increase in the
Rp794 milliar seiring dengan kenaikan pendapatan perseroan dan              company’s revenue and increased effectiveness in collecting
peningkatan efektivitas dalam penagihan piutang. Peningkatan                receivables. The increase in other receipts was from tax refund
dari penerimaan lainnya yaitu dari penerimaan restitusi Pajak               receipts by 63% from Rp293.8 billion in 2023 to Rp478.6 billion
sebesar 63% dari Rp293,8 milliar di tahun 2023 menjadi Rp478,6              in 2024. And also an increase in interest income by 165% from
milliar pada tahun 2024. Dan juga peningkatan dari penerimaan               Rp74.6 billion in 2023 to Rp198.1 billion in 2024, which showed
penghasilan bunga sebesar 165% dari Rp74,6 miliar di tahun                  that the Company was effective in optimizing the placement of
2023 menjadi Rp198,1 miliar pada tahun 2024 yang menunjukan                 funds as well as receiving interest income from the refund of Bank
Perseroan efektif dalam optimalisasi penempatan dana serta                  Mega’s principal deposits.
adanya penerimaan pendapatan bunga dari pengembalian dana
pokok deposito Bank Mega.

ARUS KAS DARI AKTIVITAS INVESTASI
Cash Flow from Investing Activities
                                                                                 dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                                Kenaikan (Penurunan)
                                                                                 Increase (Decrease)
                                           2024             2023                                    Persentase
               Uraian                                                          Selisih                                                   Description
                                                                                                    Percentage
                                                                             Difference
                                                                                                        (%)
                                            (1)              (2)                (3=1-2)                  (3:2)

 Penerimaan dari Penjualan Aset                   703              846                (143)                      (16,9)   Revenue from Sales of Fixed Assets
 Tetap
 Pembelian Aset Tetap                      (354.762)         (480.334)            125.572                        (26,1)                 Purchase of Fixed Assets
 Pembelian Aset Tak Berwujud                 (20.089)          (2.795)            (17.294)                       618,7           Purchase of Intangible Assets
 Pembelian Barang Konsumsi Tahan             (49.710)          (5.456)            (44.254)                       811,1         Purchase of Durable Consumer
 Lama                                                                                                                                                 Goods
 Penerimaan Dividen Kas dari                  15.345                    –           15.345                       100,0      Proceeds of Cash Dividends from
 Perusahaan Asosiasi                                                                                                                  Associated Companies
 Penempatan Deposito Berjangka               (69.147)                   –         (69.147)                  (100,0)                Placement of Time Deposits
 Kas Neto Diperoleh dari (Digunakan        (477.660)         (487.739)              10.079                        (2,1)   Net Cash Obtained from (Used for)
 untuk) Aktivitas Investasi                                                                                                              Investing Activities


Arus kas bersih dari aktivitas investasi Perseroan pada tahun 2024          in 2024 reached Rp477.6 billion or decreased by 2% compared to
mencapai Rp477,6 miliar atau turun 2% dibandingkan tahun 2023               2023 which amounted to Rp487.7 billion. Purchases of capital goods
yang sebesar Rp487,7 miliar. Pembelian barang modal sebesar 47%             amounting to 47% were used for the development of the Company’s
digunakan untuk pengembangan bisnis Perseroan yaitu di sektor               business, namely in the upstream sector, which was mostly used for
hulu yang sebagian besar digunakan untuk investasi 68 Unit Mobil            investment in 68 Tank Car (MT) Rental Pattern Units amounting to
Tanki (MT) Pola Sewa sebesar Rp45,6 miliar, investasi pembelian             Rp45.6 billion, investment in the purchase of SCU Warehouse General
lahan Warehouse General Storage SCU sebesar Rp41 miliar, investasi          Storage land amounting to Rp41 billion, investment in Dredging Barge
Dredging Barge ETSA sebesar Rp18,3 miliar, dan sektor hilir yang            ETSA amounting to Rp18.3 billion, and the largest downstream sector
terbesar yaitu investasi pembangunan TBBM Labuan Bajo sebesar               was investment in the construction of TBBM Labuan Bajo amounting
Rp16,6 miliar. Pembelian barang modal sebesar 53% digunakan                 to Rp16.6 billion. 53% of capital goods purchases were used for
untuk investasi yang bersifat rutin guna mempertahankan kapasitas           routine investments to maintain production capacity, the largest
produksi, pembelian barang modal terbesar antara lain untuk                 capital goods purchases included the procurement of 79 All-In Plus
pengadaan 79 Unit Mobil Tanki Pola All-In Plus sebesar Rp45,6 miliar,       Pattern Tank Cars at Rp45.6 billion, investment in 5,000 Geophone &
investasi 5.000 String Geophone & Promax sebesar Rp39 miliar, dan           Promax Strings at Rp39 billion, and investment in 2 Sets of C/O Log
investasi 2 Set C/O Log Reservoir Monitoring sebesar Rp17,9 miliar.         Reservoir Monitoring at Rp17.9 billion.




                                                                                                         2024 Annual Report PT ELNUSA Tbk                         223
Page 226
             ANALISIS DAN PEMBAHASAN MANAJEMEN
             Management Discussion and Analysis




ARUS KAS DARI AKTIVITAS PENDANAAN
Cash Flow from Financing Activities
                                                                                          dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                                       Kenaikan (Penurunan)
                                                                                        Increase (Decrease)
                                            2024                 2023                                        Persentase
               Uraian                                                                 Selisih                                                     Description
                                                                                                             Percentage
                                                                                    Difference
                                                                                                                 (%)
                                               (1)                (2)                  (3=1-2)                    (3:2)

 Penerimaan Pinjaman Bank                     540.150              353.977                 186.173                         52,6               Proceeds from Bank Loans
 Pembayaran Pinjaman Bank                   (399.386)            (310.716)                 (88.670)                        28,5                 Payments of Bank Loans
 Pembayaran Dividen Kas                     (201.220)            (189.032)                 (12.188)                          6,4             Payments of Cash Dividend
 Pembayaran Liabilitas Sewa                 (258.490)            (258.639)                      149                        (0,1)            Payments of Lease Liabilities
 Pembayaran Beban Keuangan                   (87.091)             (73.221)                 (13.870)                        18,9        Payments of Bank Loan Financial
 Pinjaman Bank                                                                                                                                                Expenses
 Kas Neto Diperoleh dari (Digunakan         (406.037)            (477.631)                   71.594                       (15,0)      Net Cash Obtained from (Used for)
 untuk) Aktivitas Pendanaan                                                                                                                         Financing Activities

Sedangkan arus kas bersih yang digunakan untuk aktivitas pendanaan                 Meanwhile, the Company’s net cash flow for financing activities
Perseroan pada tahun 2024 mencapai Rp406,0 miliar, mengalami                       in 2024 reached Rp406.0 billion, a 15% decrease compared to
penurunan 15% dibandingkan tahun 2023 sebesar Rp477,6 miliar.                      Rp477.6 billion in 2023. The 53% increase in bank loan receipts
Peningkatan 53% penerimaan pinjaman Bank dari sebesar Rp354,0                      from Rp354.0 billion in 2023 to Rp540.1 billion in 2024, came from
milliar di tahun 2023 menjadi sebesar Rp540,1 miliar di tahun 2024,                the withdrawal of long-term loans by Elnusa Petrofin amounting
berasal dari penarikan pinjaman jangka panjang oleh Elnusa Petrofin                to Rp155 billion to fund capital expenditures. In addition, a 29%
sebesar Rp155 milliar untuk mendanai belanja barang modal. Selain                  increase in bank loan repayments in 2023 from Rp310.7 billion to
itu, peningkatan 29% pembayaran pinjaman Bank di tahun 2023 dari                   Rp399.4 billion in 2024 due to maturing bank loan obligations.
Rp310,7 milliar menjadi Rp399,4 miliar di tahun 2024 karena kewajiban
jatuh tempo pinjaman bank.

Pada tahun 2024, sesuai dengan keputusan Rapat Umum                                In 2024, in accordance with the decision of the General Meeting
Pemegang Saham Tahun buku 2023, Perseroan mendistribusikan                         of Shareholders for the fiscal year 2023, the Company distributed
sebesar 40% dari total laba berjalan setelah pajak tahun buku 2023                 40% of the total profit after tax for the fiscal year 2023 or equivalent
atau setara dengan Rp201,2 milliar untuk pembayaran dividen                        to Rp201 billion for dividend payments for shareholders which
bagi pemegang saham yang meningkat 6% dari tahun sebelumnya.                       increased by 6% from the previous year.

KEMAMPUAN MEMBAYAR UTANG DAN RASIO KEUANGAN
Ability to Pay Debts and Financial Ratio
                                                                                                 Kenaikan (Penurunan)
                                                                                                  Increase (Decrease)
                                      Satuan            2024            2023                                        Persentase
             Uraian                                                                              Selisih                                             Description
                                       Unit                                                                         Percentage
                                                                                               Difference
                                                                                                                        (%)
                                                         (1)                 (2)                  (3=1-2)                  (3:2)

 Rasio Profitabilitas                                                                                                                                  Profitability Ratio
 Marjin Laba Bruto                      %                       9,9                 9,3                0,006                        6,5              Gross Profit Margin
 Marjin Laba Operasi                    %                       6,0                 5,3                0,007                       13,2          Operating Profit Margin
 Marjin Laba Bersih                     %                       5,3                 4,0                0,013                       32,5                Net Profit Margin
 Rasio Laba Bersih terhadap             %                       6,7                 5,2                0,015                       28,8          Net Profit to Asset Ratio
 Aset
 Rasio Laba Bersih terhadap             %                      14,6                11,4                0,032                       28,1         Net Profit to Equity Ratio
 Ekuitas
 Rasio Likuiditas                                                                                                                                            Liquidity Ratio
 Rasio Kas                        Kali | Times                 0,54                0,49                  0,05                      10,2                          Cash Ratio
 Rasio Lancar                     Kali | Times                 1,33                1,44                (0,11)                      (7,6)                       Current Ratio
 Rasio Solvabilitas                                                                                                                                         Solvency Rasio
 Rasio Liabilitas terhadap        Kali | Times                 1,17                1,17                (0,01)                       0,0            Liability to Equity Ratio
 Ekuitas
 Rasio Liabilitas terhadap Aset   Kali | Times                 0,54                0,54               (0,00 )                       0,0             Liability to Asset Ratio




224     PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                                ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                                   Management Discussion and Analysis




                                                                                              Kenaikan (Penurunan)
                                                                                               Increase (Decrease)
                                       Satuan            2024                2023                               Persentase
             Uraian                                                                           Selisih                                      Description
                                        Unit                                                                    Percentage
                                                                                            Difference
                                                                                                                    (%)
                                                          (1)                 (2)              (3=1-2)             (3:2)

 Debt Services Coverage Rasio        Kali | Times                0,14                0,13            0,01                   7,7    Debt Services Coverage Ratio
 Kolektibilitas Piutang                                                                                                             Collectibility of Receivables
 Periode Rata-rata Tertagihnya       Hari | Days                 86,0                87,5            (1,5)                 (1,7)   Average Period of Receivable
 Piutang Usaha                                                                                                                                       Collectibility
 Perputaran Persediaan                                                                                                                       Inventory Turnover
 Periode Rata-rata Perputaran        Hari | Days                 14,0                13,2                0,8                6,1     Average Period of Inventory
 Persediaan                                                                                                                                             Turnover
 Perputaran Aset                                                                                                                                  Asset Turnover
 Periode Rata-rata Perputaran        Hari | Days                126,0               130,9            (4,9)                 (3,7)         Average Ratio of Asset
 Aset                                                                                                                                                   Turnover


Kinerja Perseroan berdasarkan margin profitabilitas untuk                           The Company’s performance, based on profitability margin to
mengukur kemampuan Perseroan dalam menghasilkan laba                                measure the Company’s ability to generate profits, shows an
menunjukkan peningkatan baik secara nominal maupun margin                           increase in both nominal and profitability margins. This is driven
profitabilitas. Hal ini di dorong dari peningkatan produktivitas pada               by increased productivity in the upstream oil and gas service
segmen jasa hulu migas serta meningkatnya aktivitas hulu migas.                     segment and increased upstream oil and gas activities.

Dalam hal kemampuan membayar utang, Perseroan berkomitmen                            In terms of debt repayment ability, the Company is committed to
untuk senantiasa mengedepankan pemenuhan atas hak-                                  always prioritizing the fulfillment of creditors’ rights as reflected
hak kreditur tercermin melalui konsistensi dalam melakukan                          in the consistency in making loan and interest payments on time.
pembayaran pinjaman dan bunga dengan tepat waktu. Perseroan                         The Company continues to manage liquidity carefully and closely
terus mengelola likuiditas dengan cermat dan memantau secara                        monitor the due date for principal and interest payments.
ketat jadwal jatuh tempo pembayaran pokok dan bunga pinjaman.

Kemampuan Perseroan dalam memenuhi seluruh kewajiban baik                           The Company’s ability to meet all obligations, both long-term
kewajiban jangka panjang maupun jangka pendek diukur melalui                        and short-term, is measured through several ratios, including
beberapa rasio, antara lain rasio likuiditas dan rasio solvabilitas. Rasio          the liquidity ratio and solvency ratio. The liquidity ratio is used to
likuiditas digunakan untuk mengukur kemampuan melunasi kewajiban                    measure the ability to pay off short-term obligations, while the
jangka pendek, sedangkan rasio solvabilitas digunakan untuk digunakan               solvency ratio is used to measure the ability to meet all obligations.
untuk mengukur kemampuan memenuhi seluruh kewajiban.

Rasio likuiditas berdasarkan data rasio kas dan rasio lancar yang                   The liquidity ratio based on cash ratio and current ratio data is
relatif hampir sama dengan tahun sebelumnya, hal ini dorong                         relatively the same as the previous year. This drives an increase
adanya peningkatan kas dan setara kas dengan melakukan                              in cash and cash equivalents by making improvements on the
perbaikan di sisi pendanaan serta penerapan selektif dalam                          funding side and selective implementation in choosing investment
pemilihan realisasi investasi yang didasari dari kepastian market                   realizations based on market certainty and work implementation
dan tata waktu pelaksanaan pekerjaan.                                               timelines.

Rasio solvabilitas bertujuan untuk menunjukkan kemampuan                            The solvency ratio aims to show the Company’s ability to pay its
Perseroan dalam membayar kewajiban-kewajibannya, antara lain                        obligations, which can be measured, among others, through the
dapat diukur melalui rasio liabilitas terhadap ekuitas yang dihitungkan             ratio of liabilities to equity, which is calculated by comparing the
dengan cara membandingkan jumlah liabilitas dengan jumlah ekuitas,                  amount of liabilities with the amount of equity, and the ratio of
serta rasio liabilitas terhadap aset yang dapat dihitung dengan                     liabilities to assets, which can be calculated by comparing the
cara membandingkan jumlah liabilitas dengan jumlah aset. Secara                     amount of liabilities with the amount of assets. Overall, the ability
keseluruhan, kemampuan Perseroan untuk menyelesaikan utang                          of the Company to pay off its long-term debts is still fairly good, as
jangka panjangnya masih cukup baik dilihat dari Utang Perseroan                     evidenced by the debts that the Company’s assets can still cover.
yang masih dapat ditutup dengan Aset dari Perseroan.




                                                                                                               2024 Annual Report PT ELNUSA Tbk              225
Page 228
              ANALISIS DAN PEMBAHASAN MANAJEMEN
              Management Discussion and Analysis




TINGKAT KOLEKTIBILITAS PIUTANG                                              RECEIVABLES COLLECTABILITY LEVEL
Tingkat kolektibilitas piutang dipengaruhi oleh kemampuan                   The level of receivables collectability is influenced by the
Perseroan dalam menagih. Pada akhir tahun 2024, periode                     Company’s ability to collect. In contrast to 2023, when it was
kolektibilitas mencapai 86 hari dibandingkan tahun 2023 yang                recorded at 87.5 days, the collectability period at the end of 2024
tercatat selama 87,5 hari. Hal ini menunjukkan bahwa kemampuan              was 86 days. This shows that the Company’s ability to convert
Perseroan untuk mengkonversi piutang menjadi kas tetap baik.                receivables into cash remains good.

Perseroan telah memiliki kebijakan untuk mengantisipasi potensi             The Company has a policy to anticipate the potential for
adanya piutang yang tak tertagih, yakni dengan membentuk                    uncollectible receivables, namely by forming a provision for
pencadangan penurunan nilai. Selain itu, Perseroan juga                     impairment losses. In addition, the Company has also formed a
membentuk tim kerja untuk melakukan percepatan pencairan                    work team to accelerate the disbursement of receivables.
piutang.

STRUKTUR MODAL DAN KEBIJAKAN                                                CAPITAL STRUCTURE AND MANAGEMENT
MANAJEMEN ATAS STRUKTUR MODAL                                               POLICY ON CAPITAL STRUCTURE

STRUKTUR MODAL DAN PERUBAHANNYA
Capital Structure and Its Change
                                                                                              Kenaikan (Penurunan)
                                      2024                             2023
                                                                                               Increase (Decrease)
                           Jumlah                           Jumlah                             Selisih
     Struktur Modal                         Kontribusi                       Kontribusi                      Persentase         Capital Structure
                          (Rp Juta)                        (Rp Juta)                         (Rp Juta)
                                           Contribution                     Contribution                     Percentage
                            Total                            Total                           Difference
                                               (%)                              (%)                              (%)
                         (Rp Million)                     (Rp Million)                      (Rp Million)
                             (1)                              (2)                              (3=1-2)          (3:2)

 Total Liabilitas          5.724.826              53,90     5.185.414              54,01        539.412                 10,4         Total Liabilities
 Liabilitas Jangka         5.411.187              50,91     4.234.123              44,10      1.177.064                 27,8   Short-Term Liabilities
 Pendek
 Liabilitas Jangka           313.639               2,95       951.291               9,91       (637.652)           (67,0)       Long-Term Liabilities
 Panjang
 Total Ekuitas             4.903.474              46,14     4.416.068              45,99        487.406                 11,0             Total Equity
 Ekuitas yang dapat        4.901.882              46,12     4.414.480              45,98        487.402                 11,0   Equity Attributable to
 diatribusikan kepada                                                                                                          Owners of the Parent
 Pemilik Entitas Induk                                                                                                                         Entity
 Ekuitas yang dapat                1.592           0,01             1.588           0,02                 4               0,3     Equity Attributable
 diatribusikan kepada                                                                                                            to Non-Controlling
 Kepentingan Non-                                                                                                                          Interests
 Pengendali
 Jumlah Liabilitas dan    10.628.300               100      9.601.482             100,00      1.026.818                 10,7     Total Liabilities and
 Ekuitas                                                                                                                                        Equity


Perseroan melakukan pengelolaan permodalan untuk melindungi                 The Company manages capital to protect its ability to maintain
kemampuan dalam mempertahankan kelangsungan usaha                           business continuity through an optimal capital structure by
melalui struktur permodalan yang optimal dengan mengurangi                  reducing capital costs. Capital consists of a number of equity
biaya modal. Modal terdiri dari sejumlah komponen ekuitas yang              components, which are considerations between the use of equity
merupakan pertimbangan antara penggunaan modal sendiri                      and the Company’s loans or debts.
dengan pinjaman atau utang Perseroan.

Struktur modal Perseroan lebih didominasi oleh modal sendiri                The Company’s capital structure is more dominated by equity than
dibandingkan liabilitas, dengan rasio interest bearing debt to              liabilities, with the interest-bearing debt-to-equity ratio calculated
equity dihitung terhadap total seluruh utang (pinjaman bank)                against the total debts (bank loans) to total equity. Meanwhile,
terhadap total ekuitas. Sementara rasio interest bearing debt to            the interest-bearing debt-to-EBITDA ratio is calculated against
EBITDA dihitung terhadap total EBITDA. Rasio liabilitas terhadap            total EBITDA. The debt-to-equity ratio is calculated based on
ekuitas dihitung berdasarkan total liabilitas dibandingkan dengan           total liabilities compared to net equity. The debt repayment ratio
ekuitas neto. Rasio pengembalian utang dihitung berdasarkan                 is calculated based on profit before tax, interest, depreciation,
laba sebelum pajak, bunga, penyusutan, dan amortisasi dikurangi             and amortization net of dividends against principal and interest
dividen terhadap pembayaran pokok pinjaman dan bunga, namun                 payments but excluding accelerated repayment.
tidak termasuk pelunasan yang dipercepat.



226      PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                      ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                         Management Discussion and Analysis




Kebijakan Manajemen atas Struktur Modal                                Management Policy on the Company’s Capital
Perusahaan                                                             Structure
Pengelolaan modal dimaksudkan untuk mempertahankan                     Capital management is intended to maintain business continuity
kelangsungan usaha dan memberikan imbal hasil usaha yang               and provide maximum business returns to stakeholders by
maksimal kepada para pemangku kepentingan dengan menjaga               maintaining an optimal capital structure. These efforts include
struktur modal yang optimal. Upaya tersebut meliputi utang             debt and equity to reduce capital costs. The Company has a
dan ekuitas untuk mengurangi biaya modal. Perseroan memiliki           policy to maintain a strong capital base as a basis for selecting
kebijakan untuk mempertahankan basis modal yang kuat sebagai           management policies on capital structure by considering business
dasar pemilihan kebijakan manajemen atas struktur modal dengan         conditions, capital return rates, and dividends distributed. The
mempertimbangkan kondisi bisnis, tingkat pengembalian modal            Company monitors capital based on the ratio of total liabilities to
serta dividen yang dibagikan. Perseroan memonitor permodalan           equity in the range of 30%–70%.
berdasarkan rasio jumlah liabilitas terhadap ekuitas pada kisaran
30%–70%.

Dasar Pemilihan Kebijakan Manajemen atas                               Basis for Selecting Management Policy on Capital
Struktur Modal                                                         Structure
Kebijakan struktur modal Perseroan juga mengikuti rasio yang           The Company’s capital structure policy also follows the ratio
disyaratkan oleh kreditur. Kondisi industri migas juga menjadi         required by creditors. The condition of the oil and gas industry
pertimbangan Perseroan dalam menentukan kebijakan struktur             is also a consideration for the Company in determining its
modalnya. Kondisi industri migas yang fluktuatif membuat               capital structure policy. The fluctuating condition of the oil
manajemen lebih mengutamakan permodalan Perseroan                      and gas industry makes management prioritize the Company’s
menggunakan ekuitas walaupun secara rasio keuangan Perseroan           capitalization using equity even though the Company’s financial
masih sangat baik dalam posisi net cash. Penggunaan ekuitas ini        ratio is still considerably good in a net cash position. The use of
merupakan strategi Perseroan untuk mengurangi beban keuangan           equity is the Company’s strategy to reduce financial expenses and
dan memanfaatkan likuiditas Perseroan.                                 utilize the Company’s liquidity.

Seperti disyaratkan oleh Undang-Undang No. 40 tahun 2007 tentang       As required by Law No. 40 of 2007 concerning Limited Liability
Perseroan Terbatas, Perseroan mengalokasikan dana cadangan             Companies, the Company allocates reserve funds that cannot
yang tidak boleh didistribusikan hingga 20% dari modal saham           be distributed up to 20% of the issued and fully paid share
ditempatkan dan disetor penuh. Persyaratan permodalan eksternal        capital. The external capital requirements are considered by the
tersebut dipertimbangkan oleh Perseroan dalam Rapat Umum               Company in the General Meeting of Shareholders. The Company
Pemegang Saham. Perseroan dan anak perusahaan disyaratkan              and its subsidiaries are required to maintain a certain level of
untuk memelihara tingkat permodalan tertentu oleh perjanjian           capitalization by bank loan agreements. The Company also has a
pinjaman bank. Perseroan juga memiliki kebijakan dan strategi untuk    policy and strategy to maintain a maximum debt-to-equity ratio of
mempertahankan rasio utang terhadap ekuitas maksimal sebesar 3         3 times and a minimum debt repayment ratio of 1.1 times.
kali dan rasio pengembalian utang minimal sebesar 1,1 kali.

Rasio utang terhadap ekuitas dihitung berdasarkan total liabilitas     The debt-to-equity ratio is calculated based on total liabilities
dibandingkan dengan ekuitas neto. Perhitungan rasio utang              compared to net equity. The calculation of the debt-to-equity ratio
terhadap ekuitas adalah sebagai berikut:                               is as follows:

                                                                           dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                      Uraian                            2024                 2023                                          Description
 Total liabilitas                                         5.724.826             5.185.414                                                       Total Liabilities
 Ekuitas - neto                                           4.903.474             4.416.068                                                           Equity - net
 Rasio Utang terhadap Ekuitas (kali)                             1,2                      1,2                                Debt-to-equity Ratio (times)




                                                                                                    2024 Annual Report PT ELNUSA Tbk                         227
Page 230
               ANALISIS DAN PEMBAHASAN MANAJEMEN
               Management Discussion and Analysis




IKATAN YANG MATERIAL UNTUK INVESTASI                                 MATERIAL COMMITMENTS FOR CAPITAL
BARANG MODAL                                                         GOODS INVESTMENT
Tidak ada ikatan material untuk investasi barang modal dalam         There are no material commitments for capital goods investment
rangka pendanaan barang modal. Pinjaman sindikasi Perseroan          in the context of capital goods funding. The Company’s syndicated
telah lunas sejak tahun 2022.                                        loan has been fully paid since 2022.

REALISASI INVESTASI BARANG MODAL 2024
Realization of Capital Expenditures in 2023
                                                                           dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                                                   Kenaikan
                                                                                 (Penurunan)
                                              Nilai 2024      Nilai 2023
            Investasi Barang Modal                                                 Increase                             Capital Expenditure
                                              2024 Value      2023 Value
                                                                                  (Decrease)
                                                                                      (%)
 Upstream                                         156.990           135.308                   16,0                                                    Upstream
 Upstream Services                                155.537           135.308                   15,0                                        Upstream Services
 Engineering, Procurement & Construction             1.453                 –                 100,0         Engineering, Procurement & Construction
 (EPC)                                                                                                                                       (EPC)
 Distribution & Logistics                         144.637           209.140                 (30,8)                                  Distribution & Logistics
 PT Elnusa Petrofin (EPN)                         144.637           209.140                 (30,8)                                 PT Elnusa Petrofin (EPN)
 Support                                          115.429           132.191                 (12,7)                                                       Support
 PT Sigma Cipta Utama (SCU) & PT Patra Nusa        71.615            14.092                  408,2            PT Sigma Cipta Utama (SCU) & PT Patra
 Data (PND)                                                                                                                        Nusa Data (PND)
 PT Elnusa Trans Samudera (ETSA)                   40.979           115.021                 (64,4)                     PT Elnusa Trans Samudera (ETSA)
 PT Elnusa Fabrikasi Konstruksi (EFK)                2.834            3.078                   (7,9)                PT Elnusa Fabrikasi Konstruksi (EFK)
 Shared Services                                   11.459            18.231                 (37,1)                                            Shared Services
 Konsolidasi                                      428.515           494.870                 (13,4)                                               Consolidation


Pada tahun 2024, pengeluaran biaya Perseroan untuk investasi         In 2024, the Company’s expenditure for capital goods investment
barang modal adalah sebesar Rp428,5 miliar. Realisasi investasi      was Rp428.5 billion. The realization of this investment decreased
ini turun sebesar 13% dibandingkan tahun lalu sebesar Rp494,9        by 13% compared to the previous year’s Rp494.9 billion. The
miliar. Pembelian barang modal sebesar 47% digunakan untuk           purchase of capital goods amounting to 47% was used for
pengembangan bisnis Perseroan, dan sebesar 53% digunakan             the Company’s business development, and 53% was used for
untuk investasi yang bersifat rutin guna mempertahankan kapasitas    routine investments to maintain production capacity and replace
produksi, mengganti peralatan yang sudah tidak produktif atau        equipment that is no longer productive or has expired, and the
telah habis masa ekonomisnya dan sisanya digunakan untuk             rest was used for improving office building facilities.
pembenahan fasilitas gedung kantor.
                                                                     The purchase of capital goods for the Company’s business
Pembelian barang modal untuk pengembangan bisnis Perseroan           development is mostly used for upstream and downstream
sebagian besar digunakan untuk pengembangan bisnis hulu dan          business development, including investment in 68 Rental Tanker
hilir yakni antara lain untuk investasi 68 Unit Mobil Tanki (MT)     Vehicles (MT), investment in the purchase of Warehouse General
Pola Sewa, investasi pembelian lahan Warehouse General Storage       Storage SCU land, investment in Dredging Barge ETSA, and
SCU, investasi Dredging Barge ETSA, dan investasi pembangunan        investment in the construction of TBBM Labuan Bajo. In order
TBBM Labuan Bajo. Guna mempertahankan kapasitas produksi,            to maintain production capacity, the purchase of capital goods
pembelian barang modal yang dilakukan yakni antara lain untuk        made includes the procurement of 79 All-In Plus Tanker Vehicles,
pengadaan 79 Unit Mobil Tanki Pola All-In Plus, investasi 5000       investment in 5000 String Geophone & Promax, and investment in
String Geophone & Promax, dan investasi 2 Set C/O Log Reservoir      2 Sets of C/O Log Reservoir Monitoring. In addition to developing
Monitoring. Selain untuk pengembangan bisnis Perseroan,              the Company’s business, capital goods investment is also used
investasi barang modal juga digunakan untuk revitalisasi dan         for revitalization and replacement of equipment that is no longer
penggantian peralatan yang sudah tidak produktif atau telah habis    productive or has reached the end of its economic life, especially
masa ekonomisnya terutama pada segmen bisnis jasa hulu migas         in the upstream oil and gas services and distribution & logistics
dan jasa distribusi & logisitik untuk memenuhi kebutuhan pada        services business segments to meet the needs of several large
beberapa proyek besar yang dikerjakan selama tahun 2024.             projects carried out during 2024.




228      PT ELNUSA Tbk Laporan Tahunan 2024
Page 231
                                                                                                                ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                                   Management Discussion and Analysis




Pada tahun 2024, beberapa investasi barang modal dengan nilai                        In 2024, several significant capital goods investments made by the
signifikan yang dilakukan Perseroan antara lain:                                     Company include:

                                                                                                                                   dalam jutaan rupiah | in million rupiah

                                                                          Nilai Investasi
      Investasi Barang Modal                      Tujuan                   Investment                   Objective                        Capital Expenditure
                                                                              Value
 79 Unit Mobil Tanki (MT)           Mempertahankan Kapasitas                      45.614                Maintaining Capacity         79 Units All-In Plus Scheme
 Pola All-In Plus                                                                                                                                  Tank Car (MT)
 68 Unit Mobil Tanki (MT)           Peningkatan Kapasitas dan                     41.542     Capacity Increase and Business         68 Units Lease Scheme Tank
 Pola Sewa                          Ekspansi Bisnis                                                              Expansion                             Car (MT)
 Lahan Warehouse General            Peningkatan Kapasitas dan                     41.000     Capacity Increase and Business                   SCU General Storage
 Storage SCU                        Ekspansi Bisnis                                                              Expansion                       Warehouse Land
 5000 String Geophone &             Mempertahankan Kapasitas                      39.013                Maintaining Capacity            5000 String Geophone &
 Promax                                                                                                                                                 Promax
 Dredging Barge ETSA                Peningkatan Kapasitas dan                     18.366     Capacity Increase and Business                   Dredging Barge ETSA
                                    Ekspansi Bisnis                                                              Expansion
 2 Set C/O Log Reservoir            Mempertahankan Kapasitas                      17.976                Maintaining Capacity              2 Set C/O Log Reservoir
 Monitoring                                                                                                                                           Monitoring
 TBBM Labuan Bajo                   Peningkatan Kapasitas dan                     16.613     Capacity Increase and Business                     TBBM Labuan Bajo
                                    Ekspansi Bisnis                                                              Expansion


REALISASI PENGGUNAAN DANA PENAWARAN                                                  REALIZATION OF PROCEEDS FROM PUBLIC
UMUM                                                                                 OFFERING
Pada tahun 2024, tidak ada realisasi terkait dengan penggunaan                       In 2024, there were no realizations related to the use of public
dana penawaran umum, mengingat seluruhnya telah direalisasikan                       offering funds, considering that all of them had been realized
tahun 2021.                                                                          in 2021.

Informasi mengenai realisasi penggunaan Dana Sukuk Ijarah                            Information regarding the realization of the use of the Company’s
Berkelanjutan Tahap I Perseroan tahun 2021.                                          Shelf-Registered Sukuk Ijarah Funds Phase I Year 2021.

                                      Nilai Realisasi Hasil Penawaran
                                                   Umum                      Rencana Penggunaan Dana                 Realisasi Penggunaan Dana
                                      Value of Realization of Proceeds         Funds Utilization Plan                Funds Utilization Realization
                                            from Public Offering                                                                                       Sisa Hasil
                                                                                                                                                      Penawaran
         Jenis                         Jumlah       Biaya                                                                                                Umum
                        Tanggal         Hasil    Penawaran
      Penawaran                                                         Pembayaran                             Pembayaran                               (Rp juta)
                         Efektif    Penawaran Umum &           Hasil                  Pembayaran                             Pembayaran
 No.    Umum                                                            Modal Kerja                            Modal Kerja                             Remaining
                        Effective      Umum         PPN       Bersih                    Investasi     Total                    Investasi     Total
     Type of Public                                                       (Rp juta)                              (Rp juta)                              Proceeds
                          Date        (Rp juta) (Rp juta) (Rp juta)                      (Rp juta)  (Rp juta)                   (Rp juta)  (Rp juta) from Public
       Offering                                                           Payment                                Payment
                                        Total     Expenses     Net                     Payment of     Total                   Payment of     Total      Offering
                                                                         of Working                             of Working
                                     Proceeds of Public Proceeds                       Investment (Rp million)                Investment (Rp million) (Rp million)
                                                                           Capital                                Capital
                                    from Public Offering & (Rp million)                (Rp million)                           (Rp million)
                                                                         (Rp million)                           (Rp million)
                                      Offering     VAT Tax
                                    (Rp million) (Rp million)

  1     Sukuk Ijarah   11 Agustus     700.000        1.210     698.790     349.395       349.395     698.790       349.395        349.395        698.790           –
        Tahap I        2020
        Ijarah Sukuk   August 11,
        Phase I        2020



INFORMASI MATERIAL MENGENAI                                                          MATERIAL INFORMATION ON INVESTMENT,
INVESTASI, EKSPANSI, DIVESTASI,                                                      EXPANSION, DIVESTMENT, MERGER,
PENGGABUNGAN USAHA, AKUISISI, DAN/                                                   ACQUISITION, AND/OR DEBT/CAPITAL
ATAU RESTRUKTURISASI UTANG/MODAL                                                     RESTRUCTURING
Selama tahun 2024, Perseroan tidak melakukan ekspansi,                               In 2024, the Company did not carry out any material expansion,
divestasi, penggabungan usaha, akuisisi dan restrukturisasi utang/                   divestment, merger, acquisition, or debt/capital restructuring.
modal yang material.




                                                                                                               2024 Annual Report PT ELNUSA Tbk                    229
Page 232
             ANALISIS DAN PEMBAHASAN MANAJEMEN
             Management Discussion and Analysis




PERBANDINGAN ANTARA TARGET ANGGARAN                                      COMPARISON OF BUDGET TARGET WITH
DENGAN REALISASI, DAN PROYEKSI USAHA                                     REALIZATION AND BUSINESS PROJECTION
Penentuan target serta proyeksi Pendapatan Usaha menggunakan             The determination of the target and projection of Operating
asumsi-asumsi internal dan data makro yang digunakan pada                Income uses internal assumptions and macro data used in the
penyusunan anggaran tahun 2024, pergerakan harga minyak                  preparation of the 2024 budget, including the movement of
dunia diperkirakan akan mengalami perbaikan pada rentang                 world oil prices, which is expected to improve in the price range
harga USD84/barel. Perseroan juga memperhitungkan adanya                 of USD84/barrel. The Company also considers the demand for an
permintaan peningkatan harga jual jasa hulu migas dan tarif              increase in the selling price of upstream oil and gas services and
transportasi BBM berlanjut pada tahun 2024.                              fuel transportation rates continuing in 2024.

Di tahun 2024, Perseroan berhasil mencatatkan pendapatan                 In 2024, the Company managed to record income amounting
sebesar Rp13,4 triliun lebih tinggi 28% dari target RKAP 2024            to Rp13.4 trillion, 28% higher than the 2024 WP&B target, with
dengan kontributor pendapatan dari segmen jasa hulu migas                income contributors from the integrated upstream oil and gas
terintegrasi sebesar 37%, Penjualan barang dan jasa distribusi dan       services segment of 37%, Sales of energy distribution and logistics
logistik energi 51% dan sisanya dari segmen jasa penunjang migas.        goods and services of 51%, and the rest from the oil and gas
                                                                         supporting services segment.

Pencapaian pendapatan Perseroan didorong oleh keberhasilan               The Company’s income achievement was driven by success in
pada hampir seluruh unit bisnis Perseroan. Pada segmen jasa              almost all of the Company’s business units. In the integrated
hulu migas terintegrasi pencapaian signifikan dicatatkan oleh            upstream oil and gas services segment, significant achievements
bisnis Geoscience & Reservoir Services (GRS), Engineering,               were recorded by the Geoscience & Reservoir Services
Procurement, Construction, Operation & Maintenance (EPCOM)               (GRS), Engineering, Procurement, Construction, Operation &
dan Oilfield Services (OFS). Jasa Distribusi dan Logistik Energi juga    Maintenance (EPCOM), and Oilfield Services (OFS) businesses.
berhasil meningkatkan kinerja operasinya melalui Bisnis Depo dan         Energy Distribution and Logistics Services also succeeded in
Transportasi dengan peningkatan volume throughput penjualan              improving its operational performance through the Depot and
BBM secara signifikan. Begitu pula dengan segmen jasa hulu migas         Transportation Business with a significant increase in fuel sales
terintegrasi juga menunjukkan keberhasilan pencapaian target             throughput volume. Similarly, the integrated upstream oil and gas
pada seluruh lini bisnisnya.                                             services segment also demonstrated success in achieving targets
                                                                         in all of its business lines.

Sedangkan Laba Perseroan ditargetkan meningkat walaupun                  Meanwhile, the Company’s profit is targeted to increase despite
dengan kondisi industri migas tahun 2024 belum menunjukkan               the condition of the oil and gas industry in 2024, which has
peningkatan aktivitas yang signifikan. Elnusa menargetkan margin         not shown a significant increase in activity. Elnusa is targeting
laba bersih sebesar 3,9% pada tahun 2024 dengan pencapaian               a net profit margin of 3.9% in 2024 with an achievement of
sebesar 5,3%. Pencapaian ini seiring dengan penerapan strategi           5.3%. This achievement is in line with the implementation of
optimalisasi operasional dan efisiensi yang dilakukan secara             operational optimization and efficiency strategies that are carried
konsisten, sehingga turut berkontribusi dalam memperkuat                 out consistently, thus contributing to strengthening business
fundamental bisnis.                                                      fundamentals.

LABA (RUGI) DAN PENGHASILAN KOMPREHENSIF LAIN
Profit (Loss) and Other Comprehensive Income
                                                                             dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                         Pencapaian
                                                           Realisasi                        Proyeksi 2025
                                                                                                                   Proyeksi 2025
                                                           terhadap                           Terhadap
                                                                                                                      terhadap
                       Realisasi 2024                    Target 2024                        Realisasi 2024
                                         Target 2024                     Proyeksi 2025                              Target 2024
                           2024                              2024                           2025 Outlook
        Uraian                           2024 Target                     2025 Outlook                              2025 Outlook                 Description
                        Realization                       Realization                          to 2024
                                                                                                                   to 2024 Target
                                                         Achievement                         Realization
                                                                                                                         (%)
                                                           to Target                             (%)
                                                              (%)
                             (1)             (2)             (1-2)            (3)                   (3:1)                  (3:2)

 Pendapatan               13.393.013       10.456.776            128,1     12.335.974                       92,1               118,0                       Income
 Penjualan barang          6.781.794        6.173.178            109,9      7.380.042                   108,8                  119,6            Sales of energy
 dan jasa distribusi                                                                                                                           distribution and
 dan logistik energi                                                                                                                        logistics goods and
                                                                                                                                                        services




230      PT ELNUSA Tbk Laporan Tahunan 2024
Page 233
                                                                                                         ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                            Management Discussion and Analysis




Jasa Hulu Migas            5.063.401      3.559.622            142,2         3.737.131                       73,8               105,0                Integrated
Terintegrasi                                                                                                                                   Upstream Oil and
                                                                                                                                                    Gas Services
Jasa Penunjang             1.324.898      1.410.343            109,7         1.733.751                   112,0                  122,9 Oil and Gas Support
Migas                                                                                                                                             Services
Laba Bruto                   906.829      1.011.282                89,7      1.195.665                   131,9                  118,2                  Gross Profit
Laba (Rugi) Operasi          805.515        623.211            129,9           714.040                       88,2               114,6            Operating Profit
                                                                                                                                                           (Loss)
Laba Rugi Lain-lain          101.415        (96.818)           (28,4)          (49.377)                (179,9)                      51,0      Other Profit (Loss)
Laba (Rugi) Tahun            713.672        412.274            173,1           524.822                       73,5               127,3       Profit (Loss) for the
Berjalan                                                                                                                                                     Year
Laba (Rugi)                  688.626        412.274            167,0           524.822                       76,2               127,3          Comprehensive
Komprehensif Tahun                                                                                                                          Profit (Loss) for the
Berjalan                                                                                                                                                     Year



POSISI KEUANGAN KONSOLIDASIAN DAN STRUKTUR MODAL
Consolidated Financial Position and Capital Structure
                                                                              dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                       Pencapaian
                                                         Realisasi                           Proyeksi 2025
                                                                                                                    Proyeksi 2025
                                                         terhadap                              Terhadap
                                                                                                                       terhadap
                       Realisasi 2024                  Target 2024                           Realisasi 2024
                                        Target 2024                       Proyeksi 2025                              Target 2024
                           2024                            2024                              2025 Outlook
       Uraian                           2024 Target                       2025 Outlook                              2025 Outlook                 Description
                        Realization                     Realization                             to 2024
                                                                                                                    to 2024 Target
                                                       Achievement                            Realization
                                                                                                                          (%)
                                                         to Target                                (%)
                                                            (%)
                            (1)             (2)            (1-2)               (3)                   (3:1)                  (3:2)

Aset lancar                7.062.456      5.779.285                122       5.922.590                        84                    102            Current Assets
Aset Tetap                 1.934.147      1.790.588                108       1.870.071                        97                    104               Fixed Assets
Aset lain-lain             1.631.697      1.518.754                107       3.969.610                       243                    261              Other Assets
Total Aset                10.628.300      9.088.627                117      11.762.271                       111                    129                Total Assets
Liabilitas Lancar          5.411.187      2.715.277                199       4.646.675                        86                    171        Current Liabilities
Liabilitas Tidak             313.639      1.662.163                 19         591.491                       189                     36              Non-Current
Lancar                                                                                                                                                 Liabilities
Total Liabilitas           5.724.826      4.377.440                131       5.238.166                        91                    120           Total Liabilities
Ekuitas                    4.903.474      4.711.187                104       6.524.105                       133                    138                       Equity
Total Liabilitas dan      10.628.300      9.088.627                117      11.762.271                       111                    129      Total Liabilities and
Ekuitas                                                                                                                                                     Equity




                                                                                                       2024 Annual Report PT ELNUSA Tbk                         231
Page 234
              ANALISIS DAN PEMBAHASAN MANAJEMEN
              Management Discussion and Analysis




STRUKTUR MODAL
Capital Structure
                                                                                 dalam jutaan rupiah, kecuali dinyatakan lain | in million rupiah, unless stated otherwise

                                                           Pencapaian
                                                             Realisasi                          Proyeksi 2025
                                                                                                                       Proyeksi 2025
                                                             terhadap                             Terhadap
                                                                                                                          terhadap
                       Realisasi 2024                      Target 2024                          Realisasi 2024
                                          Target 2024                        Proyeksi 2025                              Target 2024
                           2024                                2024                             2025 Outlook
         Uraian                           2024 Target                        2025 Outlook                              2025 Outlook                 Description
                        Realization                         Realization                            to 2024
                                                                                                                       to 2024 Target
                                                           Achievement                           Realization
                                                                                                                             (%)
                                                             to Target                               (%)
                                                                (%)
                            (1)               (2)              (1-2)              (3)                   (3:1)                  (3:2)

 Total liabilitas          5.724.826        4.377.440                  131      5.238.166                       91                     120            Total Liabilities
 Ekuitas - neto            4.903.474        4.711.187                  104      6.524.105                       133                    138                Equity - net
 Rasio utang                        1,2             0,93               126               0,80                   69                      86     Debt to equity ratio
 terhadap ekuitas                                                                                                                                          (times)
 (kali)


KEBIJAKAN DIVIDEN
Dividend Policy
                                                           Pencapaian
                                                             Realisasi                          Proyeksi 2025
                                                                                                                       Proyeksi 2025
                                                             terhadap                             Terhadap
                                                                                                                          terhadap
                       Realisasi 2024                      Target 2024                          Realisasi 2024
                                          Target 2024                        Proyeksi 2025                              Target 2024
                           2024                                2024                             2025 Outlook
         Uraian                           2024 Target                        2025 Outlook                              2025 Outlook                 Description
                        Realization                         Realization                            to 2024
                                                                                                                       to 2024 Target
                                                           Achievement                           Realization
                                                                                                                             (%)
                                                             to Target                               (%)
                                                                (%)
                            (1)               (2)              (1-2)              (3)                   (3:1)                  (3:2)

 Kebijakan                         20%              20%            100%                  20%                100%                       100                 Dividend
 Pembagian Dividen                                                                                                                               Distribution Policy
 (%)                                                                                                                                                            (%)
 Dividen Kas yang            201.220           24.885              809%           278.044                   138%                   1.117              Cash Dividends
 Dibagikan (Rp juta)                                                                                                                           Distributed (Rp millin)
 Dividen per Lembar               27,57             3,41           809%                 38,10               138%                   1.117             Dividends per
 Saham (Rp/lembar)                                                                                                                                 Share (Rp/share)
 Rasio Pembagian                   40%              10%            400%                  50%                125%                       500                 Dividend
 Dividen (%)                                                                                                                                      Distribution Ratio
                                                                                                                                                                 (%)


INFORMASI DAN FAKTA MATERIAL YANG                                            MATERIAL INFORMATION AND FACTS
TERJADI SETELAH TANGGAL LAPORAN                                              OCCURRING FOLLOWING THE DATE OF
AKUNTAN                                                                      ACCOUNTANT’S REPORT
Tidak ada informasi peristiwa/kejadian atau fakta yang terjadi dan           There is no information on events/incidents or facts that occurred
tergolong material setelah periode laporan keuangan Perseroan.               and are classified as material after the Company’s financial
                                                                             reporting period.

DAMPAK NILAI TUKAR MATA UANG ASING                                           IMPACT OF FOREIGN EXCHANGE RATES
Mata uang fungsional Grup adalah rupiah. Grup dapat menghadapi               The Group’s functional currency is the rupiah. The Group may
risiko nilai tukar mata uang asing karena pinjaman, pendapatan               face foreign exchange risk because loans, incomes, and costs of
dan biaya beberapa pembelian utamanya dalam mata uang dolar                  some of its major purchases are denominated in US dollars or their
AS atau harganya secara signifikan dipengaruhi oleh perubahan                prices are significantly affected by changes in benchmark prices in
tolok ukur harga dalam mata uang asing (terutama dolar AS). Grup             foreign currencies (especially the US dollar). The Group does not
tidak mempunyai kebijakan lindung nilai yang formal untuk laju               have a formal hedging policy for foreign exchange rates. However,




232       PT ELNUSA Tbk Laporan Tahunan 2024
Page 235
                                                                                                    ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                       Management Discussion and Analysis




pertukaran mata uang asing. Bagaimanapun, terkait dengan hal-         in relation to the matters discussed in the paragraph above,
hal yang telah didiskusikan pada paragraf di atas, fluktuasi dalam    fluctuations in the rupiah and US dollar exchange rates provide a
nilai tukar rupiah dan dolar AS menghasilkan lindung nilai natural    natural hedge for the Group’s exchange rate.
untuk laju nilai tukar Grup.

PROSPEK USAHA                                                         BUSINESS PROSPECTS
Kementerian Energi dan Sumber Daya Mineral (ESDM) melaporkan          The Ministry of Energy and Mineral Resources (ESDM) reported
bahwa investasi di sektor energi dan mineral sepanjang 2024,          that investment in the energy and mineral sector throughout 2024
tembus USD32,3 miliar atau setara dengan Rp531,7 triliun.             reached USD32.3 billion or equivalent to Rp531.7 trillion. This
Investasi ini terdistribusi di empat sektor utama:                    investment is distributed across four main sectors:

                                                                               dalam miliar USD, kecuali dinyatakan lain | in billion USD, unless stated otherwise

                     Uraian                            2024                 2023                                         Description
 Minyak dan Gas (Migas)                                        17,5                   14,9                                             Oil and Gas (Migas)
 Mineral dan Batu Bara (Minerba)                                7,7                     7,5                                Minerals and Coal (Minerba)
 Listrik                                                        5,3                     5,9                                                         Electricity
 Energi Baru Terbarukan (EBTKE)                                 1,8                     1,5                           New Renewable Energy (EBTKE)



Laporan tersebut menunjukan anggaran investasi pada sektor            The report shows that the investment budget in the Oil and Gas
Minyak dan Gas (Migas) mengalami kenaikan yang dapat                  sector has increased, which the Company can utilize to improve
dimanfaatkan Perseroan untuk meningkatkan kinerja dalam               performance in market share in the upstream segment. In
pangsa pasar di segmen hulu. Selain itu, peningkatan investasi        addition, increased investment in the New and Renewable Energy
di sektor Energi Baru Terbarukan (EBT) pada tahun 2024 juga           (EBT) sector in 2024 also provides an opportunity for the Company
memberikan peluang bagi Perseroan untuk mendorong tren                to drive investment trends towards new and renewable energy.
investasi ke arah energi baru dan terbarukan.

Meskipun harga minta mentah indonesia (ICP) pada bulan                Nevertheless, the Indonesian crude asking price (ICP) in December
Desember 2024 mengalami penurunan sebesar USD3,9 dari                 2024 decreased by USD3.9 from USD75.51 in 2023 to USD71.61.
USD75,51 pada tahun 2023 menjadi USD71,61. Pemerintah                 The government projects that the ICP will be in the range of USD75-
memproyeksikan ICP akan berada di kisaran USD75-85 per barel          85 per barrel in 2025 under the Prabowo Subianto administration.
pada 2025 di bawah pemerintahan Prabowo Subianto.

Berdasarkan data Work Program and Budget Tahun 2025                   Based on the 2025 Work Program and Budget (2025 WP&B) data
(WP&B 2025) bersama dengan Kontraktor Kontrak Kerja Sama              together with the Cooperation Contract Contractors (KKKS), SKK
(KKKS), SKK Migas telah menetapkan target lifting minyak dan          Migas has set a target for oil and condensate lifting of 599 thousand
kondensat sebesar 599 ribu barel per hari (BOPD) dan lifting gas      barrels per day (BOPD) and natural gas lifting of 5,448 million
bumi sebesar 5.448 juta standar kaki kubik per hari (MMSCFD).         standard cubic feet per day (MMSCFD). In order to achieve this
Untuk mencapai target ini, aktivitas utama hulu migas akan            target, the main upstream oil and gas activities will be increased,
ditingkatkan, termasuk pemboran development well sebanyak 993         including development well drilling of 993 wells (an increase of
sumur (meningkat 10,5%), pemboran exploration well sebanyak           10.5%), exploration well drilling of 46 wells (an increase of 17.9%),
46 sumur (meningkat 17,9%), dan well service sebanyak 40.233          and well service of 40,233 activities (an increase of 3.3%).
kegiatan (meningkat 3,3%).

Di sisi lain, Perseroan tetap optimis kebutuhan akan investasi        On the other hand, the Company remains optimistic that the need
sektor Hulu Migas akan semakin meningkat dengan pencapaian            for investment in the Upstream Oil and Gas sector will increase
target produksi minyak sebesar 1 juta barel minyak per hari           with the achievement of the oil production target of 1 million
(BOPD) dan produksi gas sebesar 12 miliar standar kaki kubik per      barrels of oil per day (BOPD) and gas production of 12 billion
hari (BSCFD) di tahun 2030. Diperlukan perbaikan fiskal untuk         standard cubic feet per day (BSCFD) in 2030. Fiscal improvements
meningkatkan investasi migas ke depan dan mendukung program           are needed to increase future oil and gas investment and support
1 juta BOPD Minyak dan 12 BSCFD Gas di tahun 2030. Dampak             the 1 Million BOPD Oil and 12 BSCFD Gas program in 2030. The
positif dari peningkatan produksi migas nasional akan mengurangi      positive impact of increasing national oil and gas production will
Current Account Deficit (CAD), menjaga ketahanan energi nasional,     reduce the current account deficit (CAD), maintain national energy
menciptakan lapangan kerja dan penguatan kapasitas perusahaan         security, create jobs, and strengthen the capacity of national
nasional penunjang industri hulu migas.                               companies supporting the upstream oil and gas industry.




                                                                                                  2024 Annual Report PT ELNUSA Tbk                         233
Page 236
            ANALISIS DAN PEMBAHASAN MANAJEMEN
            Management Discussion and Analysis




Memahami berbagai proyeksi aktivitas utama Hulu Migas tahun           Understanding the various projections of the main Upstream Oil
2025 dan potensi tren peningkatan investasi pada sektor Energi        and Gas activities in 2025 and the potential trend of increasing
Baru Terbarkan (EBT), dengan semangat kolaborasi dan inovasi,         investment in the New and Renewable Energy (EBT) sector, with
Perseroan akan terus memperkokoh posisinya di industri jasa           the spirit of collaboration and innovation, the Company will
energi nasional, berkontribusi pada pembangunan berkelanjutan,        continue to strengthen its position in the national energy services
serta mendukung pencapaian target pemerintah dalam ketahanan          industry, contribute to sustainable development, and support the
energi nasional.                                                      achievement of government targets in national energy security.

Perseroan optimistis menghadapi tantangan di tahun 2025 dengan        The Company is optimistic that it will overcome the obstacles
terus mengedepankan inovasi, efisiensi, dan keberlanjutan.            in 2025 by keeping innovation, efficiency, and sustainability as
Manajemen beserta seluruh karyawan, mitra, dan pemangku               its main priorities. The management, along with all employees,
kepentingan telah menjadi bagian penting dari perjalanan Elnusa       partners, and stakeholders, has become an important part of
dan bersama-sama, akan terus berkontribusi bagi kemajuan              Elnusa’s journey, and together, they will continue to contribute to
industri jasa energi Indonesia.                                       the advancement of the Indonesian energy services industry.

Perseroan juga siap melanjutkan kiprahnya sebagai mitra strategis     The Company is also ready to continue its role as a strategic
dalam mendukung ketahanan energi nasional dan pembangunan             partner in supporting national energy security and sustainable
berkelanjutan. Melalui inovasi yang berkelanjutan, kolaborasi         development. Through continuous              innovation, strong
yang kuat, dan komitmen terhadap tanggung jawab sosial,               collaboration, and commitment to social responsibility, Elnusa is
Elnusa optimis untuk terus memberikan kontribusi positif bagi         optimistic to continue to provide positive contributions to society,
masyarakat, lingkungan, dan industri jasa energi di tahun-tahun       the environment, and the energy services industry in the years
mendatang.                                                            to come.

ASPEK PEMASARAN                                                       MARKETING ASPECT
Sepanjang tahun 2024, Elnusa terus berkomitmen untuk                  Throughout 2024, Elnusa continues to be committed to optimizing
mengoptimalkan strategi pemasaran yang proaktif dan                   proactive and solution-oriented marketing strategies to meet the
berorientasi pada solusi, guna memenuhi kebutuhan pasar energi        needs of the dynamic energy market. Having a complete range
yang dinamis. Memiliki cakupan produk dan jasa yang lengkap dari      of products and services from upstream to downstream enables
hulu hingga ke hilir membuat Elnusa mampu memberikan solusi           Elnusa to provide solutions to every customer’s needs.
terhadap setiap kebutuhan pelanggan.

Dengan cakupan produk dan jasa yang komprehensif dari                 With a comprehensive range of products and services from
hulu hingga hilir, membuat Elnusa terus mampu memberikan              upstream to downstream, Elnusa continues to be able to provide
solusi yang sesuai dengan kebutuhan pelanggan. Pada tahun             solutions that suit customer needs. In 2024, the oil and gas sector
2024, sektor migas tengah menghadapi tantangan besar akibat           is facing major challenges due to global geopolitical instability. In
ketidakstabilan geopolitik global. Dan juga permasalahan climate      addition, the problem of climate change is addressed with the
change (perubahan iklim) yang disikapi dengan isu transisi energi     issue of global energy transition. Nevertheless, the oil and gas
global. Meskipun demikian, sektor migas berhasil meningkatkan         sector has succeeded in increasing the oil and gas work area to
area kerja minyak dan gas untuk mendukung kebutuhan energi            support national energy needs.
nasional.

Efisiensi masih menjadi fokus para pelanggan di tambah dengan         Efficiency is still the focus of customers, coupled with the current
kondisi bisnis industri saat ini yang masih pasang surut. Oleh        business conditions of the industry, which are still fluctuating.
karena itu, market analysis serta strategi selektif dalam pemilihan   Therefore, market analysis and selective strategies in selecting
pasar menjadi kunci untuk meningkatkan profitabilitas dan             markets are the keys to increasing profitability and internal
kapabilitas internal.                                                 capabilities.

Strategi Pemasaran                                                    Marketing Strategy
Perseroan merupakan perusahaan jasa energi terkemuka                  The Company is a leading energy service company that provides
yang memberikan solusi total yang mampu memberikan jasa               total solutions that are able to provide comprehensive and
secara menyeluruh dan profesional serta menguntungkan baik            professional services and are profitable for both customers and
kepada pelanggan maupun kepada Perseroan. Dalam rangka                the Company. In order to maintain its reputation, the Company
mempertahankan reputasi, Perseroan menerapkan strategi                implements innovative and adaptive marketing strategies and is
pemasaran yang inovatif dan adaptif serta dijalankan dengan           carried out by paying attention to the challenges and opportunities
memperhatikan tantangan dan peluang di pasar energi yang terus        in the ever-growing energy market.
berkembang.




234     PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                              ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                 Management Discussion and Analysis




Dalam rangka mewujudkan komitmen Perseroan sebagai                    In order to fulfill the Company’s commitment to becoming a
perusahaan jasa energi terkemuka dan memberikan solusi total          leading energy services company providing total solutions and
yang mampu memberikan jasa secara menyeluruh dan profesional          comprehensive and professional services that are profitable for
serta menguntungkan baik kepada pelanggan maupun kepada               both customers and the Company, the following concrete actions
Perseroan. Beberapa langkah nyata yang dituangkan dalam               are implemented, as outlined in the Company’s marketing and
strategi pemasaran dan pengembangan bisnis Perseroan adalah           business development strategies:
sebagai berikut:

1. Strategi pertama adalah dengan pelaksanaan Baseline Strategy.      1. The first strategy is to implement the Baseline Strategy.
   Perseroan berhasil mempertahankan pasar eksisting dengan              The Company has succeeded in maintaining the existing
   mengoptimalkan sinergi Pertamina Group, meningkatkan                  market by optimizing synergies within the Pertamina Group
   kapasitas dan kapabilitas Perseroan dan perbaikan pada                through increasing the Company’s capacity and capabilities
   contract terms & conditions, price review, serta peningkatan          and improvement in contract terms & conditions and price
   produktivitas dan utilitas aset dan peralatan, peningkatan            reviews, as well as increasing productivity and utility of
   produktivitas, dan penerapan teknologi dan inovasi. Selain itu        assets and equipment and the implementation of technology
   Perseroan mengoptimalkan melalui sinergi Pertamina Group,             and innovation. In addition to optimizing Pertamina Group
   Perseroan juga terus meningkatkan kapasitas dan kapabilitas           synergies, the Company continues to increase the capacity
   anak usahanya guna memperkuat posisinya sebagai penyedia              and capabilities of its subsidiaries in order to strengthen
   jasa energi terintegrasi. Hal ini dilakukan melalui penerapan         its position as an integrated energy service provider. This
   teknologi yang tepat, inovasi, perbaikan proses bisnis internal,      is accomplished through the application of appropriate
   serta peningkatan kualitas layanan jasa energi terintegrasi.          technology, innovation, improvement in internal business
   Perseroan juga fokus upaya penguatan operational excellence           processes, and the quality of integrated energy services.
   dengan meningkatkan kompetensi dan kapabilitas melalui                The Company also focuses on strengthening operational
   investasi dan kemitraan strategis, yang pada akhirnya                 excellence by increasing competence and capabilities through
   berdampak positif pada kinerja Perseroan pada tahun 2024.             investment and strategic partnerships, which ultimately have
                                                                         a positive impact on the Company’s performance in 2024.
2. Strategi berikutnya adalah dengan menjalankan Growth               2. The next strategy is to implement the Growth Strategy. The
   Strategy, Perseroan memperluas pangsa pasar dengan                    company expands its market share by selectively entering new
   memasuki pasar baru secara selektif, memberikan solusi                markets, providing solutions to customer issues, increasing
   terhadap isu-isu pelanggan, meningkatkan market intelligence          market intelligence, and expanding into other energy sectors
   dan melakukan ekspansi ke sektor energi lainnya melalui               through selective investment and expansion into adjacent
   investasi selektif dan perluasan ke bisnis yang berdekatan.           businesses. This strategy has succeeded in supporting the
   Strategi ini berhasil dengan baik dalam mendukung Baseline            Baseline Strategy. The Company expanded its market share
   Strategy. Perseroan melakukan perluasan pangsa pasar                  where the Company succeeded in selectively entering non-
   sehingga Perseroan berhasil memasuki pasar non eksisting              existing markets by:
   secara selektif dengan cara:
   a. Memberikan solusi terhadap isu-isu dan tantangan yang              a. Providing solutions to issues and challenges faced by
       dihadapi oleh pelanggan.                                              customers.
   b. Melalui Sinergi Pertamina Group.                                   b. Through Pertamina Group Synergies.
   c. Meningkatkan Market Intelligence.                                  c. Improving Market Intelligence.
   d. Menerapkan Resilience Strategy for Growth (Memperkuat              d. Implementing         Resilience     Strategy   for    growth
       Bisnis Inti & Memperluas                                              (Strengthening Core Business & Expanding into adjacent
                                                                             businesses)
3. Strategi terakhir yang tidak kalah penting adalah Sustainability   3. The last strategy that is no less important is the Sustainability
   Strategy adalah Perseroan memiliki program jangka pendek              Strategy, where the Company has short-term and long-term
   dan panjang untuk mendapatkan pendapatan berkelanjutan.               programs to obtain sustainable income. This includes the
   Ini meliputi pengembangan produk dan layanan baru,                    development of new products and services, the development
   pengembangan kapabilitas dalam berbagai bidang, termasuk              of capabilities in various fields, including new and renewable
   energi baru dan terbarukan, serta kerja sama dengan                   energy, and cooperation with technology partners for mutual
   mitra teknologi untuk saling menguntungkan. Sementara                 benefit. Meanwhile, the Company’s long-term program is to
   itu, program jangka panjang Perseroan adalah melakukan                carry out continuous development and innovation, including
   pengembangan dan inovasi berkelanjutan di antaranya TPFM              TPFM Commercial, Vibroseis EOR, Command Center, ASR
   Commercial, Vibroseis EOR, Command Center, ASR Program,               Program, Dredging Barge, Flow 2 Max, Pigging and Pipeline
   Dredging Barge, Flow 2 Max, Pigging dan Pipeline Integrity,           Integrity, and Pertasolven.
   Pertasolven.




                                                                                            2024 Annual Report PT ELNUSA Tbk       235
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            ANALISIS DAN PEMBAHASAN MANAJEMEN
            Management Discussion and Analysis




Perseroan optimis, dengan langkah-langkah tersebut, Perseroan        The Company is confident that by taking these steps, it will be able
tidak hanya mampu mempertahankan pangsa pasar di iklim               to not only maintain market share in a highly competitive business
bisnis yang sangat kompetitif, namun dapat meningkatkan pangsa       environment but also increase market share by constantly
pasar yang lebih luas dengan selalu meningkatkan kapasitas dan       increasing the capacity and capabilities of new competencies
kapabilitas yang merupakan kompetensi baru bagi Perseroan            for the Company, ensuring the long-term sustainability of the
sehingga dapat menjaga keberlangsungan kinerja Perseroan             Company’s performance.
secara jangka panjang.

Melalui serangkaian strategi tersebut di atas, Perseroan optimis     The Company optimistic that by implementing the aforementioned
mampu mempertahankan pangsa pasar di iklim bisnis yang               strategies, it will be able to maintain and expand its market
sangat kompetitif, serta meningkatkan pangsa pasar yang lebih        share in a highly competitive business environment. This is also
luas. Hal ini juga dilakukan dengan selalu meningkatkan kapasitas    accomplished by constantly increasing the capacity and capability
dan kapabilitas kompetensi baru bagi Perseroan sehingga dalam        of new competencies for the Company, ensuring that the
jangka panjang dapat menjaga keberlangsungan kinerja Perseroan       Company’s performance is sustainable in the long run.
secara berkelanjutan.

Pangsa Pasar                                                         Market Share
Pada tahun 2024, Perseroan melanjutkan ekspansi pasar di luar        In 2024, the Company continued to expand its market outside of
Subholding Upstream, termasuk Pertamina Patra Niaga, Pertagas,       Subholding Upstream, including Pertamina Patra Niaga, Pertagas,
Kilang Pertamina International, dan Patra Arun Gas. Pada semester    Pertamina International Refinery, and Patra Arun Gas. In the
awal ini, Perseroan berhasil pencapaian yang sangat baik dengan      first semester, the Company has achieved very good results by
berhasil diperolehnya kontrak-kontrak besar, di antaranya adalah     successfully obtaining major contracts, including Integrated
Integrated Drilling Services di Pertamina Hulu Energi OSES, yang     Drilling Services at Pertamina Hulu Energi OSES, which is part of
merupakan bagian dari program Jupiter Subholding Upstream,           the Jupiter Subholding Upstream program; Coiled Tubing Unit
Coiled Tubing Unit Service di Pertamina Hulu Sanga Sanga,            Service at Pertamina Hulu Sanga Sanga; Corridor 3D Seismic
Corridor 3D Seismic Acquisition Services di Medco, Land Seismic      Acquisition Services at Medco; Land Seismic Data Acquisition
Data Acquisition for Lisaman 3D di Pertamina Hulu Rokan senilai,     for Lisaman 3D at Pertamina Hulu Rokan senilai; Drilling &
Drilling & WOWS Support Services di Pertamina Hulu Rokan. GRE        WOWS Support Services at Pertamina Hulu Rokan; and GRE
Lined Tubing di Pertamina Hulu Energi OSES, Perseroan juga aktif     Lined Tubing at Pertamina Hulu Energi OSES. The Company also
berpartisipasi dalam berbagai program dan kegiatan di lingkungan     actively participates in various programs and activities within
Pertamina Group sehingga Perseroan meraih penghargaan                the Pertamina Group, where the Company won an award for
sebagai Best External Market Penetration pada event Synergy          Best External Market Penetration at the Synergy Recharge Expo
Recharge Expo. Selain itu, Perseroan bersama dengan Indonesia        event. In addition, the Company together with Indonesia Baterai
Baterai Corporate (IBC) ikut andil dalam program pemerintah          Corporate (IBC), participated in the government’s program to
mendorong percepatan ekosistem kendaraan listrik di Indonesia        accelerate the electric vehicle ecosystem in Indonesia, namely by
yaitu dengan melakukan pengembangan bisnis di bidang Swap            developing a business in the field of Electric Motor Swap Station,
Station Motor Listrik, serta mengawali inisiatif penetrasi pasar     as well as initiating an international market penetration initiative
internasional dengan menandatangani MOU International                by signing an MOU for International Cooperation with Pertamina
Cooperation bersama Pertamina International EP (PIEP) dan            International EP (PIEP) and Pertamina Drilling Service Indonesia
Pertamina Drilling Service Indonesia (PDSI). Dengan pencapaian-      (PDSI). With these achievements, the Company continues to build
pencapaian ini, Perseroan terus membangun momentum                   momentum to maintain growth and sustainability in the upstream
untuk menjaga pertumbuhan dan keberlanjutan di industri jasa         oil and gas services industry.
hulu migas.

                                                                             dalam miliar USD, kecuali dinyatakan lain | in billion USD, unless stated otherwise

                     Uraian                           2024                 2023                                        Description
 Investasi Hulu Migas Indonesia                               15,3                  13,7            Indonesia Upstream Oil and Gas Investment
                                                                                                                                 (USD billion)
 Pendapatan Elnusa Segmen Hulu Migas                         0,313                0,231            Elnusa Revenue Integrated Upstream Oil and
 Terintegrasi                                                                                                        Gas Segment (USD billion)
 Estimasi Pangsa Pasar (%)                                     2,1                    2,1                                      Estimated Market Share




236     PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                           ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                              Management Discussion and Analysis




KEBIJAKAN DIVIDEN DAN PEMBAGIANNYA                                  DIVIDEND POLICY AND ITS DISTRIBUTION

Dasar Kebijakan Pembagian Dividen                                   Basis of Dividend Distribution Policy
Perseroan telah merencanakan dan berusaha membagikan                The Company has planned and tried to distribute dividends in
dividen dalam bentuk uang tunai sekurang-kurangnya sekali           the form of cash at least once a year. The amount of dividends
dalam setahun. Besaran dividen yang dibagikan dikaitkan dengan      distributed is linked to the Company’s profits in the relevant
keuntungan Perseroan pada tahun buku yang bersangkutan,             financial year, with regards to the Company’s health level and
dengan tidak mengabaikan tingkat kesehatan Perseroan dan tanpa      without prejudice to the rights of the Company’s General Meeting
mengurangi hak dari Rapat Umum Pemegang Saham Perseroan             of Shareholders to determine otherwise, in accordance with the
untuk menentukan lain, sesuai dengan ketentuan Anggaran Dasar       provisions of the Company’s Articles of Association.
Perseroan.

Dengan mengindahkan ketentuan-ketentuan tersebut di atas,           In compliance with the above provisions, the Company tries
Perseroan berusaha untuk mempertahankan rasio pembayaran            to maintain a dividend payment ratio of more than 20% of the
dividen lebih dari 20% dari laba bersih konsolidasi Perseroan       Company’s consolidated net profit for each year. The amount and
untuk setiap tahunnya. Penentuan jumlah dan pembayaran              payment of dividends will be determined by the recommendations
dividen tersebut akan bergantung pada rekomendasi dari Direksi      of the Company’s Board of Directors, but there is no guarantee
Perseroan, namun tidak terdapat kepastian bahwa Perseroan akan      that the Company will pay dividends this year or in the future. The
membayarkan dividen pada tahun ini ataupun pada tahun-tahun         Board of Directors’ decision in providing recommendations for
mendatang. Keputusan Direksi dalam memberikan rekomendasi           dividend payments depends on:
pembayaran dividen tergantung pada:
1. Rencana pengembangan Perseroan dan belanja modal;                1. The Company’s development plan and capital expenditure;
2. Pertimbangan kebijakan pada sektor industri yang sejenis;        2. Policy considerations in similar industrial sectors;
3. Kondisi arus kas dan kebutuhan modal kerja Perseroan;            3. The Company’s cash flow conditions and working capital
                                                                       needs;
4. Kebijakan struktur permodalan Perseroan;                         4. The Company’s capital structure policy;
5. Laba bersih Perseroan.                                           5. The Company’s net profit.

Pada tahun 2024, pembagian dividen untuk hasil usaha di tahun       In 2024, the distribution of dividends for business achievement in
2023 sebagai berikut:                                               2023 is as follows:


                       Uraian                                    2024                                  Description
 Kebijakan pembagian dividen                                     20%                                        Dividend distribution policy
 Dividen kas yang dibagikan                            Rp201.219.644.965                                     Cash dividends distributed
 Dividen per lembar saham                                   Rp27,57                                                  Dividends per share
 Rasio pembagian Dividen                                         40%                                         Dividend distribution ratio
 Tanggal pengumuman                                       16 Mei 2024                                                Announcement date
                                                          May 16, 2024
 Tanggal pembayaran                                        14 Juni 2024                                                   Payment date
                                                          June 14, 2024




                                                                                         2024 Annual Report PT ELNUSA Tbk          237
Page 240
               ANALISIS DAN PEMBAHASAN MANAJEMEN
               Management Discussion and Analysis




PEMBAGIAN DAN PEMBAYARAN DIVIDEN TAHUN 2020 HINGGA 2024
Distribution and Payment of Dividend in 2020 to 2024

    Tahun Pembagian Dividen
                                          2024                 2023                    2022                2021                         2020
    Dividend Distribution Year

 Tahun Buku                               2023                 2022                    2021                2020                         2019
 Fiscal Year
 Tanggal Pengumuman                   16 Mei 2024          7 Juni 2023             21 Juli 2022         21 Juli 2021                9 Juli 2020
 Announcement Date                    May 16, 2024        June 7, 2023            July 21, 2022        July 21, 2021               July 9, 2020
 Tanggal Pembayaran                    14 Juni 2024         6 Juli 2023         19 Agustus 2022      20 Agustus 2021             7 Agustus 2020
 Payment Date                         June 14, 2024        July 6, 2023         August 19, 2022      August 20, 2021             August 7, 2020
 Kebijakan Pembagian Dividen (%)          20%                  20%                      20%                20%                          20%
 Dividend Distribution Policy (%)
 Dividen Kas yang Dibagikan (Rp)     Rp201.220 juta      Rp189.032 juta          Rp54.370 juta        Rp74.724 juta              Rp89.119 juta
 Cash Dividend Distributed (Rp)     Rp201,220 million   Rp189,032 million       Rp54,370 million     Rp74,724 million           Rp89,119 million
 Dividen per Lembar Saham (Rp/          Rp27,57             Rp25,90                    Rp7,45            Rp10,23                      Rp12,21
 lembar)
 Dividend per Share (Rp/share)
 Rasio Pembagian Dividen (%)              40%                  50%                      50%                30%                          25%
 Dividend Distribution Rasio (%)


KONTRIBUSI TERHADAP NEGARA MELALUI                                        CONTRIBUTION TO THE STATE THROUGH
PERPAJAKAN                                                                TAXATION

Kebijakan Pengelolaan Dan Pembayaran Pajak                                Tax Management and Payment Policy
Dalam aspek perpajakan, Perseroan menjalankan kebijakan                   In terms of taxation, the Company implements a policy on tax
terhadap pengelolaan dan pembayaran pajak berdasarkan                     management and payment based on the accuracy of calculations
ketepatan penghitungan dan tingkat akurasi data pajak sesuai              and the level of accuracy of tax data in accordance with applicable
dengan peraturan perundang-undangan perpajakan yang berlaku.              tax laws and regulations.

Realisasi Pembayaran Pajak                                                Tax Payment Realization
Perseroan telah melakukan pemenuhan terkait kewajiban dalam               The Company has fulfilled its obligations in paying taxes, which is
membayar pajak yang merupakan salah satu bentuk kontribusi                one form of the Company’s contribution to the state. The details
Perseroan kepada negara. Adapun rincian kewajiban Perseroan               of the Company’s obligations related to taxation in 2024 and 2023
terkait perpajakan di tahun 2024 dan 2023, adalah sebagai berikut:        are as follows:

                                                                                                                  dalam jutaan rupiah | in million rupiah

                      Uraian                            2024                    2023                             Description
 Pajak Penghasilan badan:                                                                                                 Corporate Income Tax:
 Tahun berjalan                                                 6.425                   1.057                                           Current year
 Tahun-tahun sebelumnya                                              0                   161                                         Previous years
 PPH 4 (2)                                                      1.250                   1.403                                               PPH 4 (2)
 Pajak Final 15                                                 1.260                   1.325                                            Final Tax 15
 PPH 21                                                         4.538                  25.149                                                  PPH 21
 PPH 22                                                         1.743                    811                                                   PPH 22
 PPH 23                                                         8.275                   6.768                                                  PPH 23
 PPH 25 (Badan)                                                  619                          –                                PPH 25 (Corporate)
 PPH 26                                                          392                    1.231                                                  PPH 26
 Pajak Pertambahan Nilai                                       38.123                  23.070                                     Value Added Tax
 Jumlah                                                        62.616                  60.975                                                     Total




238       PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                       ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                          Management Discussion and Analysis




INFORMASI TRANSAKSI MATERIAL YANG                                             MATERIAL TRANSACTION INFORMATION
MENGANDUNG BENTURAN KEPENTINGAN                                               CONTAINING CONFLICT OF INTEREST AND/OR
DAN/ATAU TRANSAKSI DENGAN PIHAK                                               TRANSACTIONS WITH AFFILIATED PARTIES/
AFILIASI/PIHAK BERELASI                                                       RELATED PARTIES
Pada tahun 2024, Perseroan melakukan transaksi dengan pihak-                  In 2024, the Company conducted transactions with affiliated
pihak yang berafiliasi, namun transaksi tersebut dikecualikan dari            parties, but these transactions are exempted from OJK Regulation
Peraturan OJK No. 42 /POJK.04/2020 karena tidak mengandung                    No. 42/POJK.04/2020 because they do not contain a conflict of
benturan kepentingan. Transaksi tersebut merupakan transaksi                  interest. These transactions are ongoing transactions and are the
berkelanjutan serta merupakan kegiatan usaha utama dan                        main business activities and support the business activities of the
penunjang kegiatan usaha Perseroan beserta Anak Perusahaan.                   Company and its Subsidiaries.

Entitas dianggap berelasi jika entitas tersebut baik secara langsung          An entity is considered related if the entity, either directly or
maupun tidak langsung dapat mengendalikan atau mengendalikan                  indirectly, can control or jointly control or has significant influence
bersama atau memiliki pengaruh signifikan atas grup dalam                     over the group in making financial and operational decisions. An
pengambilan keputusan keuangan dan operasional. Entitas juga                  entity is also considered related if the entity is under joint control
dianggap berelasi jika entitas tersebut berada dalam pengendalian             with the Group.
bersama dengan Grup.

PENGUNGKAPAN PIHAK BERELASI
Disclosure of Related Parties

             Sifat Hubungan                        Pihak-pihak Berelasi                                     Sifat Transaksi
          Nature of Relationship                      Related Parties                                    Nature of Transaction

 Entitas induk PT Pertamina Hulu Energi      PT Pertamina (Persero)                Penjualan barang dan jasa dan pembelian barang dagangan
 Parent entity of PT Pertamina Hulu Energi                                         Sales of goods and services and purchases of merchandise
                                                                                   inventories
 Entitas induk                               PT Pertamina Hulu Energi              Penjualan jasa | Sales of services
 Parent entity
 Entitas sepengendali                        PT Pertamina EP                       Penjualan jasa | Sales of services
 Entity under common control
                                             PT Pertamina Hulu Indonesia           Penjualan jasa | Sales of services
                                             PT Pertamina Drilling Services        Penjualan jasa | Sales of services
                                             Indonesia
                                             PT Pertamina EP Cepu                  Penjualan jasa | Sales of services
                                             PT Pertamina Hulu Rokan               Penjualan jasa | Sales of services
                                             PT Pertamina Gas                      Penjualan barang dan jasa | Sales of goods and services
                                             PT Pertamina Geothermal               Penjualan jasa | Sales of services
                                             Energy Tbk
                                             PT Pertamina Lubricant                Penjualan barang dan jasa dan pembelian barang dagangan
                                                                                   Sales of goods and services and purchases of merchandise
                                             PT Nusantara Regas                    Penjualan jasa | Sales of services
                                             PT Perusahaan Gas Negara Tbk          Penjualan jasa | Sales of services
                                             PT Asuransi Tugu Pratama              Pembelian jasa asuransi | Purchases of insurance services
                                             Indonesia Tbk
                                             PT Pertamina Retail                   Pembelian barang dagangan
                                                                                   Purchases of merchandise inventories
                                             PT Pertamina Patra Niaga              Pembelian barang dagangan
                                                                                   Purchases of merchandise inventories
                                             PT Pertamina Trans Kontinental        Pembelian jasa sewa | Purchases of rental services
                                             PT Patra Jasa                         Penjualan jasa | Sales of services
                                             PT Kilang Pertamina                   Penjualan barang dan pembelian barang dagangan
                                             International                         Sales of goods and purchases of merchandise
                                             PT Pertamina Power Indonesia          Penjualan jasa | Sales of services
                                             PT Pertamina Bina Medika              Jasa kesehatan | Healthcare services
                                             PT Pertamina Petrochemical            Penjualan jasa | Sales of services
                                             Trading




                                                                                                     2024 Annual Report PT ELNUSA Tbk          239
Page 242
             ANALISIS DAN PEMBAHASAN MANAJEMEN
             Management Discussion and Analysis




             Sifat Hubungan                  Pihak-pihak Berelasi                                  Sifat Transaksi
          Nature of Relationship                Related Parties                                 Nature of Transaction

                                       PT Pertamina Internasional         Pembelian barang dagangan
                                       Marketing and Distribution Ltd     Purchases of merchandise inventories
                                       PT Pertamina Training &            Penjualan jasa | Sales of services
                                       Consulting
                                       PT Pertamina Shipping              Penjualan jasa | Sales of services
                                       PT Patra Trading                   Pembelian barang dagangan
                                                                          Purchases of merchandise inventories
                                       PT Pertamina Internasional EP      Penjualan jasa | Sales of services
                                       PT Perta Arun Gas                  Regasifikasi LNG|LNG Regasification
 Entitas berelasi dengan pemerintah    PT Bank Negara Indonesia           Jasa perbankan | Banking services
 Government-related entity             (Persero) Tbk
                                       PT Bank Rakyat Indonesia           Jasa perbankan | Banking services
                                       (Persero) Tbk
                                       PT Bank Tabungan Negara            Jasa perbankan | Banking services
                                       (Persero) Tbk
                                       PT Bank Syariah Indonesia Tbk      Jasa perbankan | Banking services
                                       PT Bank Mandiri (Persero) Tbk      Jasa perbankan | Banking services
                                       PT Dahana (Persero)                Pembelian barang proyek | Purchase of project goods
                                       SKK Migas (Satuan Kerja Khusus     Penjualan Jasa | Sales of Services
                                       Pelaksana Kegiatan Usaha Hulu
                                       Minyak dan Gas Bumi)
                                       SKK Migas (Special Work Unit for
                                       Upstream Oil and Gas Business
                                       Activities)
                                       PT Bank Pembangunan Daerah         Jasa perbankan | Banking services
                                       Jawa Barat dan Banten
 Manajemen kunci yang sama             Koperasi Karyawan Elnusa           Pembelian jasa sewa dan alih daya
 Common key management                                                    Purchase of rental and outsourcing services




REALISASI NILAI TRANSAKSI PIHAK BERELASI TAHUN 2024
Realization of Related Party Transaction in 2024
                                                                                                               dalam jutaan rupiah | in million rupiah

                      Uraian                         2024                  2023                                Description
 Kas dan setara Kas                                       2.885.284          1.980.845                            Cash and Cash Equivalents
 Piutang usaha                                            2.916.280          2.793.973                                     Account receivables
 Aset keuangan lancar lainnya                               43.425                36.454                       Other current financial assets
 Aset keuangan tidak lancar lainnya                        229.602             268.502                   Other non-current financial assets
 Pinjaman bank jangka pendek                                44.872                37.507                                Short-term bank loans
 Utang usaha                                               482.732             434.186                                        Account payables
 Pendapatan ditangguhkan                                    48.150                58.850                                       Deferred income
 Kompensasi personil manajemen kunci                        72.884                66.272        Key management personnel compensation
 Pendapatan                                           11.014.061             9.671.155                                                      Income
 Pembelian                                                2.636.908          3.444.910                                                   Purchase




240     PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                             ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                Management Discussion and Analysis




Pemenuhan Peraturan dan Ketentuan Terkait                            Compliance with Related Regulations and
serta Kebijakan Mekanisme Review atas Transaksi                      Provisions and Review Mechanism Policy for
                                                                     Transactions
Perseroan telah memiliki dan menerapkan kebijakan mengenai           The Company has implemented a policy regarding transactions
transaksi yang mengandung benturan kepentingan dan/atau              containing conflicts of interest and/or transactions with related
transaksi dengan pihak berelasi. Transaksi material yang dilakukan   parties. Material transactions carried out must be decided by
harus diputuskan oleh Dewan Komisaris dan dijalankan dengan          the Board of Commissioners and carried out with due regard to
memperhatikan prinsip kehati-hatian, serta telah memenuhi            the principle of prudence and have complied with the provisions
ketentuan maupun peraturan perundang-undangan yang berlaku.          and applicable laws and regulations. In addition, material
Di samping itu, transaksi material juga harus diputuskan oleh        transactions must also be decided by the Board of Commissioners
Dewan Komisaris secara independen.                                   independently.

Selama tahun 2024, tidak terdapat pelanggaran atas peraturan         In 2024, there were no violations of laws and regulations related to
perundang-undangan terkait dengan transaksi dengan pihak             transactions with related parties, and there were no transactions
berelasi serta tidak terdapat transaksi yang mengandung benturan     containing conflicts of interest.
kepentingan.

Kewajaran dan Alasan Dilakukannya Transaksi                          Fairness and Reasons for Transactions
Pada tahun 2024, seluruh transaksi yang dijalankan telah             In 2024, all transactions carried out were carried out fairly (arm’s
dilakukan secara wajar (arm’s length principle) dan sesuai dengan    length principle) and in accordance with normal commercial
persyaratan komersial normal. Kewajaran transaksi dengan pihak       requirements. The fairness of transactions with related parties
terkait atau mengandung benturan kepentingan telah dilakukan         or containing conflicts of interest has been carried out fairly in
secara wajar sesuai peraturan perundang-undangan. Transaksi          accordance with laws and regulations. Transactions are carried
dilakukan atas dasar alasan kebutuhan Perseroan dan bebas dari       out based on the Company’s needs and are free from conflicts of
konflik kepentingan.                                                 interest.

Dengan demikian, pengungkapan selanjutnya mengenai hal               Therefore, further disclosures regarding this matter are adjusted
ini disesuaikan dengan PSAK No. 7 tentang Pengungkapan atas          to PSAK No. 7 concerning Disclosure of Related Parties. In detail,
Pihak-Pihak Berelasi. Secara rinci, informasi mengenai transaksi     information regarding this transaction is contained in Note to the
ini terdapat pada Catatan atas Laporan Keuangan No. 31 tentang       Financial Statements No. 31 regarding “Information regarding
“Informasi mengenai Pihak-Pihak Berelasi”.                           Related Parties.”

Pernyataan Direksi Bahwa Transaksi telah                             Statement of the Board of Directors that
Memenuhi Prosedur Memadai dan Sesuai Praktik                         Transactions Have Fulfilled Adequate Procedures
Bisnis yang Berlaku Umum                                             and Are in Accordance with Generally Accepted
                                                                     Business Practices
Direksi memandang bahwa transaksi dengan pihak berelasi/             The Board of Directors believes that transactions with related/
terafiliasi telah memenuhi prosedur memadai serta sesuai             affiliated parties have fulfilled adequate procedures and are in
dengan praktik bisnis yang berlaku umum. Pada tahun 2024,            accordance with generally accepted business practices. In 2024,
seluruh transaksi dilakukan dengan memperhatikan praktik bisnis      all transactions were carried out by considering generally accepted
yang berlaku umum dan prinsip arm’s length (prinsip transaksi        business practices and the arm’s-length principle.
yang wajar).

Selain itu, seluruh transaksi dengan Pihak Berelasi tesebut telah    In addition, all transactions with Related Parties have been audited
diaudit oleh Kantor Akuntan Publik yang Independen. Transaksi        by an Independent Public Accounting Firm. The transactions have
tersebut juga telah sesuai dengan peraturan perundang-undangan       also complied with applicable laws and regulations.
yang berlaku.




                                                                                           2024 Annual Report PT ELNUSA Tbk        241
Page 244
           ANALISIS DAN PEMBAHASAN MANAJEMEN
           Management Discussion and Analysis




Peran Dewan Komisaris dan Komite Audit untuk                       The Role of the Board of Commissioners and
Memastikan Transaksi Dilakukan Sesuai Praktik                      the Audit Committee to Ensure Transactions
Bisnis yang Berlaku Umum, yang Antara Lain                         Are Carried Out in Accordance with Generally
Dilakukan dengan Memenuhi Prinsip Transaksi                        Accepted Business Practices, which Among Other
yang Wajar (Arms-Length Principle)                                 Things Are Carried Out by Complying with the
                                                                   Arm’s-Length Principle
Sesuai dengan tugas dan fungsinya, Komite Audit selalu melakukan   In accordance with its duties and functions, the Audit Committee
review terhadap kegiatan usaha Perseroan, terutama di bidang       consistently reviews the Company’s business activities, especially
keuangan termasuk transaksi dengan pihak afiliasi/berelasi.        in the financial sector, including transactions with affiliated/related
Dewan Komisaris mendapatkan laporan sebagai bagian dari fungsi     parties. The Board of Commissioners receives reports as part of its
pengawasan. Dewan Komisaris menilai bahwa transaksi yang           supervisory function. The Board of Commissioners assesses that
dilakukan oleh Perseroan sepanjang tahun 2024 telah memenuhi       the transactions carried out by the Company throughout 2024
unsur kepatuhan terhadap regulasi.                                 have fulfilled the elements of regulatory compliance.

Rujukan Informasi Transaksi dengan Pihak                           Reference to Information on Transactions with
Berelasi pada Laporan Keuangan                                     Related Parties in the Financial Statements
Informasi tentang transaksi dengan pihak berelasi diuraikan juga   Information on transactions with related parties is also described
pada Laporan Keuangan yang telah diaudit dan terdapat dalam        in the audited Financial Statements and is included in the Annual
lampiran Laporan Tahunan di halaman 100 (Catatan atas Laporan      Report attachment on page 100 (Notes to the Financial Statements
Keuangan No. 31–Informasi Mengenai Pihak Berelasi).                No. 31–Information Regarding Related Parties).

Informasi Keuangan yang Mengandung Kejadian                        Financial Information Containing Extraordinary
yang Bersifat Luar Biasa dan Jarang Terjadi                        and Rare Events
Selama tahun 2024, tidak terdapat informasi keuangan yang          In 2024, there was no financial information containing extraordinary
mengandung kejadian luar biasa dan jarang terjadi yang             and rare events that had an impact on the Company’s finances or
berdampak pada keuangan maupun operasional Perseroan.              operations.

Perubahan Peraturan Perundang-Undangan yang                        Changes in Laws and Regulations That Have a
Berpengaruh Signifikan terhadap Perusahaan                         Significant Impact on the Company
Selama tahun 2024, tidak terdapat perubahan peraturan              There were no significant law or regulation changes that affected
perundang-undangan yang berpengaruh signifikan terhadap            the Company’s operations or finances in 2024 that would have
Perseroan baik dari sisi keuangan maupun operasional yang          affected the financial statements of the Company.
memberikan pengaruh terhadap Laporan Keuangan Perseroan.




242     PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                     ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                                        Management Discussion and Analysis




PERUBAHAN KEBIJAKAN AKUNTANSI DAN DAMPAKNYA TERHADAP PERUSAHAAN
CHANGES IN ACCOUNTING POLICIES AND THEIR IMPACT ON THE COMPANY
                                                                                                    Dampaknya terhadap Perseroan dan Laporan
        Perubahan Kebijakan Akuntansi                               Penjelasan                                      Keuangan
         Changes in Accounting Policies                             Explanation                        Impact on the Company and Financial
                                                                                                                    Statement
 Nomenklatur Standar Akuntansi Keuangan           Mengatur Penggunaan nomenklatur dalam             Tidak memberikan dampak terhadap laporan
 Nomenclature of Financial Accounting             penyajian laporan keuangan                        keuangan konsolidasian
 Standards                                        Regulates the use of nomenclature in the          No impact on the consolidated financial
                                                  presentation of financial statements              statements
 Amandemen PSAK 201                               Mengatur Persyaratan Pegklasifikasian             Tidak memberikan dampak terhadap laporan
 Amendment to PSAK 201                            liabilitas sebagai jangka pendek atau jangka      keuangan konsolidasian
                                                  panjang                                           No impact on the consolidated financial
                                                  Setting Requirements Classifying liabilities as   statements
                                                  short-term or long-term
 Amandemen PSAK 116                               Mengatur persyaratan yang digunakan               Tidak memberikan dampak terhadap laporan
 Amendment to PSAK 116                            penjual-penyewa dalam mengukur kewajiban          keuangan konsolidasian
                                                  sewa yang timbul dalam transaksi jual beli dan    No impact on the consolidated financial
                                                  sewa-balik                                        statements
                                                  Governs the terms used by seller-lessees in
                                                  measuring lease obligations arising in sale and
                                                  leaseback transactions.
 Amandemen PSAK 207 dan 107                       Mengklarifikasi karakteristik pengaturan          Tidak memberikan dampak terhadap laporan
 Amendments to PSAK 207 and 107                   pembiayaan pemasok dan mensyaratkan               keuangan konsolidasian
                                                  pengungkapan tambahan atas pengaturan             No impact on the consolidated financial
                                                  pembiayaan pemasok tersebut                       statements
                                                  Clarifying the characteristics of supplier
                                                  financing arrangements and requiring
                                                  additional disclosures of such supplier
                                                  financing arrangements



INFORMASI KELANGSUNGAN USAHA                                                 BUSINESS CONTINUITY INFORMATION

Hal-Hal yang Berpotensi Berpengaruh Signifikan                              Issues That Potentially Have a Significant Impact
terhadap Kelangsungan Usaha Perusahaan pada                                 on the Company’s Business Continuity in 2024
Tahun 2024
Perseroan tidak memiliki hal-hal yang berpotensi berpengaruh                The Company has no issues that could have a significant impact on
signifikan terhadap kelangsungan usaha dalam menjalankan kegiatan           business continuity while carrying out current business activities.
bisnis saat ini. Meski demikian, Perseroan tetap akan selalu mewaspadai     However, the Company is always aware of industry challenges
tantangan dalam industri selama tahun 2024 serta hal terkait lainnya        in 2024, as well as other issues that may have an impact on the
yang berpengaruh terhadap pertumbuhan bisnis Perseroan.                     Company’s business growth.

Peristiwa terkait kondisi geopolitik global yang saat ini masih             Events related to global geopolitical conditions that are currently
berlangsung, membawa dampak pada harga komoditas, rantai                    still ongoing have an impact on commodity prices, supply chains,
pasokan, risiko kredit termasuk yang terkait dengan piutang,                credit risks including those related to receivables, commodity
perdagangan komoditas, perbendaharaan dan faktor lainnya.                   trading, treasury, and other factors. Any of these factors,
Salah satu dari faktor-faktor ini, secara individu atau agregat dapat       individually or in the aggregate, could have a material impact on
berdampak material terhadap pendapatan, arus kas, dan kondisi               the Group’s income, cash flow, and financial condition. The Group
keuangan Grup. Grup telah dan mungkin terus menilai dampak                  has and may continue to assess the impact caused by global
yang disebabkan oleh kondisi geopolitik global terhadap operasi             geopolitical conditions on the Company’s operations. Further
Perusahaan. Pengaruh lebih lanjut yang signifikan dari peperangan           significant impacts from the war, if any, will be reflected in the
ini, bila ada akan direfleksikan dalam pelaporan keuangan Grup di           Group’s financial reporting in the following period.
periode berikutnya.




                                                                                                    2024 Annual Report PT ELNUSA Tbk     243
Page 246
           ANALISIS DAN PEMBAHASAN MANAJEMEN
           Management Discussion and Analysis




Assessment Manajemen atas Hal-Hal yang                               Management Assessment on Issues That Have
Berpotensi Berpengaruh Signifikan terhadap                           the Potential to Significantly Influence the
Kelangsungan Usaha Perusahaan pada Tahun                             Company’s Business Continuity in 2024
2024
Manajemen menggunakan Laporan Evaluasi Kinerja tahun 2024            Management uses the 2024 Performance Evaluation Report
yang telah diaudit oleh Kantor Akuntan Publik Purwantono,            audited by the Public Accounting Firm Purwantono, Sungkoro
Sungkoro & Surja (E&Y), dalam mengukur serta menilai hal-hal         & Surja (E&Y) in measuring and assessing issues that have the
yang berpotensi berpengaruh signifikan terhadap kelangsungan         potential to significantly influence the Company’s business
usaha Perusahaan.                                                    continuity.

Asumsi dalam Melakukan Asesmen                                       Assumptions Used in the Assessment
Asumsi yang digunakan Manajemen dalam melakukan pengukuran           The assumptions used by Management in measuring and assessing
dan penilaian terhadap kelangsungan usaha Perseroan meliputi         the Company’s business continuity include the following:
beberapa hal sebagai berikut:
1. Aspek keuangan                                                    1. Financial aspects
   a. Membandingkan saldo-saldo realisasi tahun 2024 dengan             a. Comparing the 2024 realization balances with the audited
        Laporan Keuangan yang telah diaudit.                                Financial Statements.
   b. Menghitung kembali persentase fluktuasi yang dilaporkan           b. Recalculating the percentage of fluctuations reported by
        oleh Manajemen antara saldo-saldo aktual tahun 2024                 Management between the 2024 actual balances with the
        dengan target anggaran/RKAP tahun 2024 dan saldo-                   2024 budget/WP&B targets and the 2024 actual balances.
        saldo aktual tahun 2024.
2. Penilaian tingkat kesehatan Perusahaan                            2. Assessment of the Company’s health level
   a. Melakukan perhitungan ulang dan membandingkan                     a. Recalculating and comparing financial performance
        indikator kinerja keuangan antara realisasi tahun 2024              indicators between the 2024 realization and the 2024
        target anggaran/RKAP tahun 2024 berdasarkan kriteria                budget/WP&B targets based on the criteria set out in
        yang telah ditetapkan dalam Pedoman Penilaian Kinerja               the Pertamina Subsidiary Performance Assessment
        Anak Perusahaan Pertamina.                                          Guidelines.
3. Perkembangan usaha Perusahaan                                     3. Development of the Company’s business
   a. Membandingkan informasi keuangan tahun 2024 dan                   a. Comparing the 2024 and 2023 financial information with
        2023 dengan Laporan Keuangan yang telah diaudit.                    the audited Financial Statements.
   b. Melakukan perhitungan ulang dan membandingkan                     b. Recalculating and comparing financial ratio information
        informasi rasio keuangan tahun 2024 dan 2023.                       for 2024 and 2023.

LAPORAN PENCAPAIAN KPI DAN TINGKAT                                   KPI ACHIEVEMENT REPORT AND COMPANY
KESEHATAN PERUSAHAAN                                                 HEALTH LEVEL

Laporan Pencapaian KPI                                               KPI Achievement Report
Skor KPI Perseroan berikut masih merupakan hasil evaluasi internal   The Company’s KPI score is still the result of an internal evaluation
yang mengacu pada Laporan Keuangan Tahun 2024 Audited,               referring to the 2024 Audited Financial Statement, with a score
dengan skor tercapai 108.61. Pencapaian ini sejalan dengan kinerja   of 108.61. This achievement is in line with the Company’s
Perseroan yang mengalami kenaikan terutama sebagai pengaruh          performance, which has increased, especially as a result of efforts
dari upaya penerapan strategi optimalisasi operasional, efisiensi    to implement operational optimization strategies, efficiency, and
serta diversifikasi portofolio bisnis.                               business portfolio diversification.

Tingkat Kesehatan Perusahaan                                         Company Health Level
Tingkat Kesehatan Perusahaan (TKP) tahun 2024, rating kesehatan      The Company Health Level (TKP) rating in 2024 is carried out
perusahaan dilakukan oleh lembaga independen, yaitu Pefindo          by an independent institution, namely Pefindo, with a rating of
dengan peringkat idAA/stable.                                        idAA/stable.




244     PT ELNUSA Tbk Laporan Tahunan 2024
Page 247
                                                                                      ANALISIS DAN PEMBAHASAN MANAJEMEN
                                                                                         Management Discussion and Analysis




Laporan Penggunaan Tambahan PMN                               Report on Additional PMN Use
Hingga akhir tahun 2024, Perseroan tidak mencatatkan adanya   Until the end of 2024, the Company did not record any additional
penggunaan tambahan Penanaman Modal Negara (PMN).             use of State Capital Investment (PMN).

Pelaksanaan Proyek Strategis Nasional atau                    Implementation of National Strategic Projects or
Penugasan Lain                                                Other Assignments
Perseroan tidak terlibat dalam pelaksanaan Proyek Strategis   The Company is not involved in the implementation of National
Nasional (PSN) atau menerima penugasan khusus lainnya dari    Strategic Projects (PSN) or other special assignments from the
pemerintah. Fokus utama Perseroan tetap pada pengembangan     government. The Company’s main focus remains on developing the
inti bisnis yang telah dirancang dalam rencana strategis      core business that has been designed in the Company’s strategic
Perusahaan. Meski demikian, Perseroan senantiasa memantau     plan. However, the Company continues to monitor developments
perkembangan kebijakan pemerintah dan peluang yang mungkin    in government policies and opportunities that may arise in the
muncul di masa mendatang untuk memastikan kesiapan dalam      future to ensure readiness to support relevant national initiatives.
mendukung inisiatif nasional yang relevan.




                                                                                    2024 Annual Report PT ELNUSA Tbk       245
Page 248

          
Page 249
TATA KELOLA
PERUSAHAAN
Corporate Governance




248 Komitmen Penerapan Tata Kelola Perusahaan                                415 Perkara Penting
      Commitment to the Implementation of the Corporate Governance                  Important Cases

253   Struktur, Infrastruktur, dan Softstructure Tata Kelola Perusahaan      417 Informasi mengenai Sanksi Administratif
      Structure, Infrastructure, and Softstructure of Corporate Governance          Information regarding Administrative Sanction

258   Rapat Umum Pemegang Saham (RUPS)                                       417 Kode Etik
      General Meeting of Shareholders (GMS)                                         Code of Ethics

280 Dewan Komisaris                                                          421 Sistem Manajemen Anti Penyuapan
      Board of Commissioners                                                        Anti-Bribery Management System

300 Direksi                                                                  423 Kebijakan Antikorupsi
      Board of Directors                                                            Anti-Corruption Policy

315   Transparansi Informasi Dewan Komisaris dan Direksi                     424 Pengelolaan Benturan Kepentingan
      Information Transparency of the Board of Commissioners and the                Management of Conflict of Interest
      Board of Directors
                                                                             425 Kompensasi Jangka Panjang
316 Hubungan Afiliasi Dewan Komisaris, Direksi, dan/atau Pemegang                   Long-term Compensation
      Saham Pengendali
      Affiliate Relationship between the Board of Commissioners, the Board   425 Kebijakan Kepemilikan Saham dan Transaksi oleh Orang Dalam
                                                                                    (Insider Trading)
      of Directors, and/or Controlling Shareholder                                  Share Ownership and Insider Trading Policy
318 Rapat Dewan Komisaris dan Direksi                                        427 Sistem Pelaporan Pelanggaran
      Meeting of the Board of Commissioners and the Board of Directors              Violation Reporting System
329 Keberagaman Komposisi Dewan Komisaris dan Direksi                        430 Akses Informasi dan Data Perusahaan
      Diversity in Members Composition of the Board of Commissioners                Accessing Company’s Information and Data
      and the Board of Directors
                                                                             431 Penilaian atau Evaluasi atas Penerapan Tata Kelola
331 Penilaian Kinerja terhadap Dewan Komisaris dan Direksi                          Perusahaan yang Baik
      Performance Assessment of the Board of Commissioners and the                  Assessment or Evaluation of the Implementation of
      Board of Directors                                                            Good Corporate Governance
333 Nominasi dan Remunerasi Dewan Komisaris dan Direksi                      432 Kesesuaian Penerapan Tata Kelola Perusahaan terhadap ASEAN
      Nomination and Remuneration of the Board of Commissioners and                 Corporate Governance Scorecard (ACGS)
      the Board of Directors                                                        Suitability of the Implementation of Corporate Governance to ASEAN
338 Komite Audit                                                                    Corporate Governance Scorecard (ACGS)
      Audit Committee
                                                                             437 Penerapan Aspek dan Prinsip Tata Kelola Perusahaan sesuai
354 Komite Nominasi, Remunerasi dan Good Corporate Governance                       Ketentuan Otoritas Jasa Keuangan
      Nomination, Remuneration Committee and Good Corporate                         Implementation of the Aspects and Principles or Corporate
      Governance                                                                    Governance in Accordance with the Provisions of the Financial
                                                                                    Service Authority
367 Komite Pemantau Risiko dan Investasi
      Risk and Investment Monitoring Committee

378 Sekretaris Perusahaan
      Corporate Secretary

388 Unit Audit Internal
      Unit Audit Internal

397 Sistem Pengendalian Internal
      Internal Control System

399 Sistem Manajemen Risiko
      Risk Management System
Page 250
              TATA KELOLA PERUSAHAAN
              Corporate Governance




Komitmen Penerapan Tata
Kelola Perusahaan
Commitment to the Implementation
of the Corporate Governance

PT Elnusa Tbk (“Elnusa”, “Perseroan”, ”Perusahaan”) berkomitmen        PT Elnusa Tbk (“Elnusa”, “Company”, “Company”) is committed to
untuk menegakkan prinsip-prinsip Tata Kelola Perusahaan (Good          upholding the principles of Good Corporate Governance (GCG) or
Corporate Governance/GCG) atau yang saat ini juga dikenal              what is known more popularly nowadays as corporate governance.
sebagai governansi korporat. Dalam menguatkan penerapan                In strengthening the implementation of GCG, the Company
GCG, Perseroan juga mengimplementasikan budaya dan tata                also implements the culture and values of AKHLAK (Amanah,
nilai AKHLAK (Amanah, Kompeten, Harmonis, Loyal, Adaptif dan           Kompeten, Harmonious, Loyal, Adaptive and Collaborative) by all
Kolaboratif) oleh seluruh entitas Perusahaan.                          Company entities.

Perseroan mengimplementasikan GCG tidak hanya untuk                    The Company implements GCG not only to fulfill obligations, but
menggugurkan kewajiban, namun, sudah merupakan suatu                   also as a necessity in maintaining transparency and accountability
keharusan dalam menjaga transparansi dan akuntabilitas                 of the Company’s management to the public. Continuous
pengelolaan Perseroan kepada publik. Pengembangan GCG yang             development of GCG in line with best practices and/or consistent
selaras dengan best practices secara berkesinambungan dan/             implementation of GCG can provide adequate protection and fair
atau implementasi GCG secara konsisten dapat memberikan                treatment to shareholders and other stakeholders, and encourage
perlindungan yang memadai dan perlakuan yang adil kepada               the Company to create maximum shareholder value.
para pemegang saham dan pemangku kepentingan lainnya, serta
mendorong Perseroan untuk menciptakan shareholder value
secara maksimal.

Penerapan GCG menjadi pilar bagi Perseroan untuk terus                 The implementation of GCG is a pillar for the Company to continue
maju, berkembang, memiliki keunggulan dan daya saing dalam             to advance, develop, have excellence and competitiveness in
menjalankan kegiatan bisnis serta mampu memberikan nilai               running the business and provide added value to the Company,
tambah bagi Perusahaan, pemegang saham dan pemangku                    shareholders and other stakeholders, in order to realize the
kepentingan lainnya, agar terwujudnya Visi dan Misi Perusahaan.        Company’s Vision and Mission. The Company is also committed to
Perseroan juga berkomitmen untuk mengimplementasikan                   implementing the Company’s internal policies, stayring regulatory
kebijakan internal Perusahaan, mentaati aturan perundang-              compliant, adhering to and living up to the Company’s ethical
undangan, mematuhi dan menjalankan standar etika Perusahaan            standards in order to maximize the implementation of Good
agar memaksimalkan penerapan Tata Kelola Perusahaan yang baik.         Corporate Governance.

PRINSIP TATA KELOLA PERUSAHAAN YANG BAIK
Principles of Good Corporate Governance

          Prinsip Dasar            Penjelasan Sesuai Pedoman GCG Elnusa                          Penerapan di Lingkup Elnusa
          Basic Principle    Explanation in accordance with Elnusa GCG Guidelines          Implementation within the Scope of Elnusa
v
    Keterbukaan              Perusahaan menjamin pengungkapan informasi              • Tersedianya situs web Perseroan.
                             material dan relevan mengenai kinerja, kondisi          • Tersedianya Laporan Tahunan dan Laporan
                             keuangan dan informasi lainnya secara jelas, memadai      Keberlanjutan.
                             dan tepat waktu serta mudah diakses oleh pemangku       • Tersedianya siaran pers.
                             kepentingan sesuai dengan haknya. Prinsip ini tidak     • Tersedianya berbagai pedoman secara tertulis dalam
                             mengurangi kewajiban Perusahaan untuk melindungi          situs web Perseroan.
                             informasi rahasia Perusahaan sesuai dengan peraturan
                             yang berlaku.
    Transparency             The Company guarantees the disclosure of material       • Availability of Company website.
                             and relevant information regarding performance,         • Availability of Annual Reports and Sustainability
                             financial condition and other information in a clear,     Reports.
                             adequate and timely manner and is easily accessible     • Availability of press releases.
                             to stakeholders in accordance with their rights. This   • Availability of various written guidelines in the
                             principle does not reduce the Company’s obligation        Company website.
                             to protect the Company’s confidential information in
                             accordance with applicable regulations.




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                                                                                                                      TATA KELOLA PERUSAHAAN
                                                                                                                         Corporate Governance




           Prinsip Dasar           Penjelasan Sesuai Pedoman GCG Elnusa                                Penerapan di Lingkup Elnusa
           Basic Principle   Explanation in accordance with Elnusa GCG Guidelines                Implementation within the Scope of Elnusa
v
    Akuntabilitas            Menjamin kejelasan fungsi, pelaksanaan, dan                   • Perseroan secara berkala menyelenggarakan
                             pertanggungjawaban masing-masing Organ                          penilaian kinerja Dewan Komisaris, Komite Dewan
                             Perusahaan yang memungkinkan pengelolaan                        Komisaris, serta Direksi.
                             Perusahaan terlaksana secara efektif.                         • Melalui Rapat Umum Pemegang Saham
                                                                                             Tahunan, Dewan Komisaris, dan Direksi
                                                                                             mempertanggungjawabkan kinerjanya kepada
                                                                                             Pemegang Saham.
                                                                                           • Direksi mempertanggungjawabkan kinerjanya
                                                                                             kepada Pemegang Saham.
    Accountability           Ensuring the clarity of functions, implementation and         • The Company periodically conducts performance
                             accountability of each organ of the Company that                assessment on the Board of Commissioners, the
                             enables effective management of the Company.                    Committees of the Board of Commissioners, as well
                                                                                             as the Board of Directors.
                                                                                           • Through the Annual General Meeting of
                                                                                             Shareholders, the Board of Commissioners, and
                                                                                             the Board of Directors take accountability of their
                                                                                             performance to the Shareholders.
                                                                                           • The Board of Directors takes accountability for its
                                                                                             performance to the Shareholders.
    Bertanggung jawab        Menjamin kesesuaian dalam melaksanakan aktivitas              • Penerapan standar etika Perusahaan.
                             bisnis berdasarkan prinsip korporasi yang sehat,              • Tersedianya berbagai bisnis proses secara update.
                             pemenuhan kewajiban terhadap Pemerintah sesuai
                             peraturan perundang-undangan yang berlaku,
                             bekerja sama secara aktif untuk manfaat bersama dan
                             berusaha untuk dapat memberikan kontribusi yang
                             nyata kepada masyarakat.
    Responsibility           Ensuring suitability in carrying out business activities      • Implementation of Company’s ethical standards.
                             based on sound corporate principles, fulfilling               • Availability of various updated business processes.
                             obligations to the Government in accordance with
                             applicable laws and regulations, actively cooperating
                             for mutual benefits and striving to be able to make a
                             real contribution to society.
    Kemandirian              Menjamin pengelolaan Perusahaan secara profesional            Perseroan melaksanakan kegiatan usaha secara mandiri
                             tanpa benturan kepentingan dan pengaruh/tekanan               dan tidak mendapat intervensi dari Pemegang Saham
                             dari pihak manapun yang tidak sesuai dengan                   Pengendali maupun pemangku kepentingan lainnya.
                             peraturan perundang-undangan yang berlaku dan
                             prinsip-prinsip tata Kelola Perusahaan.
    Independency             Ensure professional management of the Company                 The Company carried out business activities
                             without conflict of interest and influence/pressure           independently and may not be intervened by the
                             from any party that is not in accordance with the             Controlling Shareholders nor other stakeholders.
                             prevailing laws and regulations and the principles of
                             corporate governance.
    Kewajaran                Menjamin perlakuan yang adil dan setara dalam                 • Pemanggilan RUPS dilakukan 28 hari sebelum
                             memenuhi hal-hak stakeholders berdasarkan ketentuan             pelaksanaan RUPS dengan menggunakan bahasa
                             dan peraturan perundang-undangan yang berlaku.                  Indonesia dan bahasa Inggris.
                                                                                           • Penyampaian CV dari masing-masing calon pengurus
                                                                                             Perseroan dalam situs web Perseroan.
                                                                                           • Tersedianya akses yang memudahkan para
                                                                                             pemegang saham untuk memperoleh dokumen
                                                                                             proxy pemegang saham.
    Fairness                 Ensure fair and equal treatment in fulfilling the rights of   • Invitation to the GMS is carried out 28 days prior to
                             stakeholders based on applicable laws and regulations.          GMS implementation by use of both Indonesian and
                                                                                             English languages.
                                                                                           • Deliverance of the CVs of each Company’s
                                                                                             management candidate.
                                                                                           • Availability of easy access for shareholders to obtain
                                                                                             shareholders’ proxy documents.


TUJUAN PENERAPAN GCG                                                       PURPOSE OF GCG IMPLEMENTATION
Sebagaimana yang tertuang dalam Pedoman Tata Kelola                        As stated in the Corporate Governance Guidelines, the Company’s
Perusahaan, penerapan GCG Perseroan memiliki tujuan:                       GCG implementation has the following objectives:
1. Memaksimalkan nilai Perusahaan dalam bentuk peningkatan                 1. Maximizing the Company’s value in the form of improved
    kinerja dan citra Perusahaan yang baik serta untuk                         performance and a good corporate image and to realize the
    mewujudkan keunggulan daya saing Perusahaan;                               Company’s competitive advantage;




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Page 252
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2. Mewujudkan pengelolaan Perusahaan secara profesional,          2. Realizing professional, transparent, and efficient management
   transparan, dan efisien serta memberdayakan fungsi dan            of the Company as well as empowering the functions and
   meningkatkan koordinasi antar organ-organ Perusahaan;             improving coordination between the organs of the Company;
3. Mengingatkan organ-organ Perusahaan di dalam membuat           3. Reminding the Company’s organs in making decisions and
   keputusan dan menjalankan tindakan harus dilandasi                carrying out actions must be based on high ethical/moral
   dengan nilai etika/moral yang tinggi dan kepatuhan terhadap       values and compliance with Indonesian Company regulations
   peraturan Perusahaan Indonesia dan peraturan perundang-           and other applicable laws and regulations;
   undangan lainnya yang berlaku;
4. Memberikan kesadaran akan adanya tanggung jawab sosial         4. Provide awareness of the Company’s social responsibility to
   Perusahaan terhadap stakeholders;                                 stakeholders;
5. Mendorong pengelolaan sumber daya dan risiko Perusahaan        5. Encourage more efficient and effective management of the
   secara lebih efisien dan efektif;                                 Company’s resources and risks;
6. Mengurangi potensi benturan kepentingan organ Perusahaan       6. Reducing potential conflicts of interest of Company organs
   dan pekerja dalam menjalankan bisnis; serta                       and workers in conducting business; and
7. Menciptakan lingkungan usaha yang kondusif terhadap            7. Creating a business environment that is conducive to the
   pencapaian visi dan misi serta tujuan Perusahaan.                 achievement of the Company’s vision, mission and goals.

DASAR HUKUM                                                       LEGAL BASIS
Perseroan mengimplementasikan GCG merujuk pada beberapa           The Company implements GCG referring to several provisions,
ketentuan, peraturan, serta perundang-undangan yang               regulations, and applicable laws, namely:
berlaku, yaitu:
1. Undang-Undang Republik Indonesia                               1. Laws of the Republic of Indonesia
    a. Undang-Undang Republik Indonesia No. 40 Tahun 2007            a. Law of the Republic of Indonesia No. 40 of Year 2007
        tentang Perseroan Terbatas.                                     regarding Limited Liability Companies.
    b. Undang-Undang No. 19 Tahun 2003 tentang Badan Usaha           b. Law Number 19 of 2003 concerning State-Owned
        Milik Negara (Lembaran Negara Tahun 2003 No. 70,                Enterprises (State Gazette of 2003 Number 70, Supplement
        Tambahan Lembaran Negara No. 4297).                             to State Gazette Number 4297).
    c. Undang-Undang Republik Indonesia No. 8 Tahun 1995             c. Law of the Republic of Indonesia No. 8 of Year 1995
        tentang Pasar Modal.                                            regarding Capital Markets.
    d. Undang-Undang Republik Indonesia No. 28 Tahun 1999            d. Law of the Republic of Indonesia No. 28 of Year 1999
        tentang Penyelenggara Negara yang Bersih dan Bebas dari         regarding the Administration of the State that is Clean and
        Korupsi, Kolusi, dan Nepotisme.                                 Free from Corruption, Collusion, and Nepotism.
    e. Undang-Undang Republik Indonesia No. 5 Tahun 1999             e. Law of the Republic of Indonesia No. 5 of Year 1999
        tentang Larangan Praktik Monopoli dan Persaingan Usaha          regarding Prohibition of Monopolistic and Unfair Business
        Tidak Sehat.                                                    Competition Practices.
    f. Undang-Undang Republik Indonesia No. 13 Tahun 2003            f. Law of the Republic of Indonesia No. 13 of Year 2003
        tentang Ketenagakerjaan.                                        regarding Manpower.
    g. Undang-Undang Republik Indonesia No. 20 Tahun 2001            g. Law of the Republic of Indonesia No. 20 of Year 2001
        tentang Perubahan atas Undang-Undang Republik                   regarding Change in the Law of the Republic of Indonesia
        Indonesia No. 31 Tahun 1999 tentang Pemberantasan               No. 31 of Year 1999 regarding Eradication of the Criminal
        Tindak Pidana Korupsi.                                          Acts of Corruption.
    h. Undang-Undang Republik Indonesia No. 15 Tahun 2002            h. Law of the Republic of Indonesia No. 15 of Year 2002
        tentang Tindak Pidana Pencucian Uang sebagaimana                regarding Criminal Acts of Money Laundering as amended
        telah diubah dengan Undang-Undang Republik Indonesia            by Law of the Republic of Indonesia No. 25 of Year 2003.
        No. 25 Tahun 2003.
    i. Undang-Undang Republik Indonesia No. 11 Tahun 2008             i.Law of the Republic of Indonesia No. 11 of Year 2008
        tentang Informasi dan Transaksi Elektronik.                     regarding Electronic Information and Transaction.
    j. Undang-Undang Republik Indonesia No. 14 Tahun 2008            j. Law of the Republic of Indonesia No. 14 of Year 2008
        tentang Keterbukaan Informasi.                                  regarding Disclosure of Information.
2. Peraturan Otoritas Jasa Keuangan (OJK), Kementerian BUMN,      2. Regulations of the Financial Services Authority (OJK), the
    dan Peraturan Bursa Efek Indonesia (BEI).                        Ministry of SOEs, and the Indonesia Stock Exchange (IDX).
    a. Peraturan OJK No. 33/POJK.04/2014 tentang Direksi dan         a. OJK Regulation No. 33/POJK.04/2014 regarding the Board
        Dewan Komisaris Emiten atau Perusahaan Publik.                  of Directors and the Board of Commissioners of Issuers or
                                                                        Public Companies.
   b. Peraturan OJK No. 34/POJK.04/2014 tentang Komite               b. OJK Regulation No. 34/POJK.04/2014 on Nomination and
      Nominasi dan Remunerasi Emiten atau Perusahaan Publik.            Remuneration Committee of Issuers or Public Companies.




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                                                                                                TATA KELOLA PERUSAHAAN
                                                                                                   Corporate Governance




c. Peraturan OJK No. 35/POJK.04/2014 tentang Sekretaris        c. OJK Regulation No. 35/POJK.04/2014 regarding Corporate
   Perusahaan Emiten atau Perusahaan Publik.                      Secretary of Issuers or Public Companies.
d. Peraturan OJK No. 8/POJK.04/2015 tentang Situs Web          d. OJK Regulation No. 8/POJK.04/2015 concerning Websites
   Emiten atau Perusahaan Publik.                                 of Issuers or Public Companies.
e. Peraturan OJK No. 21/POJK.04/2015 tentang Penerapan         e. OJK Regulation No. 21/POJK.04/2015 on the
   Pedoman Tata Kelola Perusahaan Terbuka.                        Implementation of Public Company Governance
                                                                  Guidelines.
f. Peraturan OJK No. 30/POJK.04/2015 tentang Laporan           f. OJK Regulation No. 30/POJK.04/2015 concerning Report
   Realisasi Penggunaan Dana Hasil Penawaran Umum.                on the Realization of the Use of Public Offering Proceeds.
g. Peraturan OJK No. 31/POJK.04/2015 tentang Keterbukaan       g. OJK Regulation No. 31/POJK.04/2015 regarding Disclosure
   atas Informasi atau Fakta Material oleh Emiten atau            of Material Information or Facts by Issuers or Public
   Perusahaan Publik.                                             Companies.
h. Peraturan OJK No. 45 tahun 2024 tentang Pengembangan        h. OJK Regulation No. 45 of 2024 concerning Development
   dan penguatan Emiten dan Perusahaan Publik                     and strengthening of Issuers and Public Companies.
i. Peraturan OJK No. 55/POJK.04/2015 tentang Pembentukan       i. OJK Regulation No. 55/POJK.04/2015 on Establishment
   dan Pedoman Pelaksanaan Kerja Komite Audit.                    and Implementation Guidelines of Audit Committee Work.
j. Peraturan OJK No. 56/POJK.04/2015 tentang Pembentukan       j. OJK Regulation No. 56/POJK.04/2015 concerning
   dan Pedoman Penyusunan Piagam Unit Audit Internal.             Establishment and Guidelines for the Preparation of the
                                                                  Internal Audit Charter.
k. Peraturan OJK No. 29/POJK.04/2016 tentang Laporan           k. OJK Regulation No. 29/POJK.04/2016 regarding Annul
   Tahunan Emiten atau Perusahaan Publik.                         Report of Issuers or Public Companies.
l. Surat Edaran OJK No. 32/SEOJK.04/2015 tentang Pedoman       l. OJK Circular Letter No. 32/SEOJK.04/2015 concerning
   Tata Kelola Perusahaan Terbuka.                                Guidelines for Governance of Public Companies.
m. Surat Edaran OJK No. 30/SEOJK.04/2016 tentang Bentuk        m. OJK Circular Letter No. 30/SEOJK.04/2016 on Form and
   dan Isi Laporan Tahunan Emiten atau Perusahaan Publik.         Content of Annual Reports of Issuers or Public Companies.
n. Peraturan OJK No 4 tahun 2024 tentang Laporan               n. OJK Regulation No. 4 of 2024 concerning Report on
   Kepemilikan atau Setiap Perubahan Kepemilikan Saham            Ownership or Any Change in Share Ownership of Public
   Perusahaan Terbuka dan Laporan Aktivitas Menjaminkan           Companies and Report on Activities of Pledging Shares of
   Saham Perusahaan Terbuka.                                      Public Companies.
o. Peraturan OJK No. 9 Tahun 2023 tentang Penggunaan Jasa      o. OJK Regulation No. 9 of 2023 concerning the Use of
   Akuntan Publik dan Kantor Akuntan Publik dalam Kegiatan        Public Accountant Services and Public Accounting Firm in
   Jasa Keuangan.                                                 Financial Services Activities.
p. Peraturan Otoritas Jasa Keuangan No. 15/POJK.04/2020        p. Financial Service Authority Regulation Noo. 15/
   tentang Rencana dan Penyelenggaraan Rapat Umum                 POJK.04/2020 on Plans and Implementation of General
   Pemegang Saham Perusahaan Terbuka.                             Meeting of Shareholders of Public Companies.
q. Peraturan Otoritas Jasa Keuangan No. 16/POJK.04/2020        q. Financial Services Authority Regulation No. 16/
   tentang Pelaksanaan Rapat Umum Pemegang Saham                  POJK.04/2020 concerning Implementation of Electronic
   Perusahaan Terbuka secara Elektronik                           General Meeting of Shareholders of Public Companies.
r. Peraturan Otoritas Jasa Keuangan No. 17/POJK.04/2020        r. Financial Services Authority Regulation No. 17/
   tentang Transaksi Material dan Perubahan Kegiatan              POJK.04/2020 on Material Transaction and Changes in
   Usaha.                                                         Business Activities.
s. Peraturan Otoritas Jasa Keuangan No. 42/POJK.04/2020        s. Financial Services Authority Regulation No. 42/
   tentang Transaksi Afiliasi dan Transaksi Benturan              POJK.04/2020 regarding Affiliated Transactions and
   Kepentingan.                                                   Conflict of Interest Transactions.
t. Surat Edaran Menteri BUMN SE-7/MBU/07/2020 tanggal          t. Circular Letter of the Minister of SOEs SE-7/MBU/07/2020
   01 Juli 2020 tentang Nilai-Nilai Utama (Core Values)           dated July 01, 2020 concerning Core Values of Human
   Sumber Daya Manusia Badan Usaha Milik Negara.                  Capital of State-Owned Enterprises.
u. Lampiran Keputusan Direksi BEI No. Kep-305/BEJ/07-2004      u. Attachment of the IDX Board of Directors’ Decree No.
   tanggal 19 Juli 2004 tentang Peraturan No. I-A Pencatatan      Kep305/BEJ/07-2004 dated 19 July 2004 regarding
   Saham dan Efek Bersifat Ekuitas Selain Saham yang              Regulation No. I-A Share and Equity Securities Listing
   diterbitkan oleh Perseroan Tercatat.                           Other than Shares issued by listed companies.
v. Surat Keputusan Direksi BEI No. Kep-00066/BEI/09-2022       v. IDX Board of Directors Decree No. Kep-00066/BEI/09-2022
   tentang Perubahan Peraturan No I-E tentang Kewajiban           concerning Amendments to Regulation No. I-E concerning
   Penyampaian Informasi.                                         Obligation to Submit Information.




                                                                                2024 Annual Report PT ELNUSA Tbk      251
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3. Pedoman Umum Governansi Korporat Indonesia (PUGKI) 2021            3. General Guidelines on Indonesia Good Corporate Governance
   yang diterbitkan oleh Komite Nasional Kebijakan Governansi.           of Year 2006 published by the National Committee of
                                                                         Governance Policy.
4. Anggaran Dasar Perseroan terakhir, yang telah disahkan             4. The latest Company Articles of Association, ratified through
   melalui No. 8 tanggal 17 Desember 2022.                               No. 8 dated December 17, 2022.
5. ISO 37001 tentang Sistem Manajemen Anti Penyuapan.                 5. ISO 37001 regarding Anti-Bribery Management System.
6. OECD 2004 Principles of Corporate Governance.                      6. OECD 2004 Principles of Corporate Governance.

PERKEMBANGAN PENERAPAN TATA KELOLA                                    DEVELOPMENT OF GOOD CORPORATE
PERUSAHAAN YANG BAIK                                                  GOVERNANCE IMPLEMENTATION
Perseroan memiliki dan menerapkan Pedoman Tata Kelola Perusahaan      The Company has and implements the Corporate Governance
yang telah disahkan pada Februari 2024. Pedoman tersebut menjadi      Guidelines that were approved in February 2024. The guidelines
landasan dalam pelaksanaan GCG di lingkungan Perseroan serta          serve as the foundation for the implementation of GCG within
dalam rangka menciptakan nilai tambah yang berkelanjutan bagi para    the Company and in order to create sustainable added value
pemegang saham, masyarakat secara luas, dan berbagai pemangku         for shareholders, the community at large, and various other
kepentingan lainnya (pegawai, konsumen, regulator, mitra kerja, dan   stakeholders (employees, consumers, regulators, partners, etc.)
lain-lain) baik dalam jangka pendek maupun jangka panjang.            both in the short and long term.

Tata Kelola yang dijalankan Perseroan didasari oleh prinsip-prinsip   Governance carried out by the Company is based on GCG principles:
GCG: Transparency, Accountability, Responsibility, Independency,      Transparency, Accountability, Responsibility, Independency
dan Fairness. Prinsip ini merupakan komitmen kuat Perseroan           and Fairness. These principles are strong commitments of the
untuk selalu menjaga dan meningkatkan nilai perusahaan                Company to always maintain and improve corporate value,
(corporate value), mendorong pengelolaan Perusahaan yang              encourage for professional, transparent and efficient management
profesional, transparan dan efisien sehingga fundamental dan          of the Company so that the fundamental and competitiveness of
daya saing Perseroan semakin kuat dan terjaga dengan baik.            the Company become even stronger and well maintained.

Perkembangan penerapan tata kelola perusahaan selama tahun            Development in the implementation of corporate governance
2024 di antaranya mencakup:                                           during the year 2024, among others, encompasses the following:
1. Pembaruan code of conduct.                                         1. Update on the code of conduct.
2. Pembaruan prosedur penerimaan pemberian hadiah dan                 2. Update on procedures of receiving/giving gifts & entertainment
    hiburan.                                                              (gratuity).
3. Pembaruan prosedur pelaksanaan pengendalian anti                   3. Update on procedures of anti-bribery control implementation.
    penyuapan.
4. Pembaruan prosedur investigasi dan penanganan penyuapan.           4. Update on procedures of investigation and handling of bribery.
5. Penerapan Compliance Online Systems (COMPOLS).                     5. Implementation of Compliance Online Systems (COMPOLS).
6. Sosialisasi GCG.                                                   6. GCG socialization.Sosialisasi GCG.

Kendati demikian, Perseroan juga menyadari bahwa Pedoman              However, the Company also realizes that the General Guidelines
Umum GCG Perusahaan Indonesia (PUGKI) yang diterbitkan                for GCG of Indonesian Companies (PUGKI) issued by the National
oleh Komite Nasional Korporat Governansi pada tahun 2021              Committee for Corporate Governance in 2021 is an important
merupakan acuan penting dalam meningkatkan kualitas tata kelola       reference in improving the quality of corporate governance.
perusahaan. Pedoman ini menegaskan empat prinsip utama,               This guideline emphasizes four main principles, namely Ethics,
yaitu Etika, Transparansi, Akuntabilitas, dan Keberlanjutan, yang     Transparency, Accountability and Sustainability, which serve as the
menjadi landasan dalam membangun bisnis yang berintegritas            foundation in building a business with integrity and responsibility.
dan bertanggung jawab.

Saat ini, Perseroan masih dalam tahap pengkajian mendalam             Currently, the Company is still in the in-depth assessment stage to
untuk memastikan kesiapan dalam menerapkan PUGKI secara               ensure readiness to optimally implement PUGKI. The evaluation
optimal. Evaluasi dilakukan dengan mempertimbangkan                   is conducted by considering the alignment of this guideline with
keselarasan pedoman ini dengan kebijakan internal, regulasi           internal policies, applicable regulations, and the impact of its
yang berlaku, serta dampak penerapannya terhadap operasional          implementation on the Company’s operations. The Company
Perseroan. Perseroan juga terus memantau perkembangan praktik         also monitors the development of best practices in the industry
terbaik di industri dalam rangka memastikan bahwa penerapan           to ensure that the implementation of PUGKI principles not only
prinsip-prinsip PUGKI tidak hanya memperkuat tata kelola, tetapi      strengthens governance, but also provides long-term benefits for
juga memberikan manfaat jangka panjang bagi seluruh pemangku          all stakeholders.
kepentingan.




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Struktur, Infrastruktur, dan Softstructure
Tata Kelola Perusahaan
   Structure, Infrastructure, and Softstructure of Corporate
   Governance

STRUKTUR TATA KELOLA PERUSAHAAN                                   STRUCTURE OF CORPORATE GOVERNANCE
Struktur GCG Perseroan terdiri dari 3 (tiga) organ utama yaitu    The GCG structure of the Company consists of 3 (three) main
Rapat Umum Pemegang Saham (RUPS), Direksi, dan Dewan              organs, namely, the General Meeting of Shareholders (GMS), the
Komisaris. Seperti yang telah diuraikan sebelumnya, sistem        Board of Directors, and the Board of Commissioners. As previously
pengelolaan Perseroan Terbatas menganut model 2 (dua) badan       explained, the management system of the Limited Liability
atau two tier system, yaitu Dewan Komisaris dan Direksi dengan    Company adheres to a 2 (two) organizational model or two-tier
kewenangan dan tanggung jawab yang jelas sesuai fungsinya         system, namely the Board of Commissioners and the Board of
masing-masing sebagaimana diamanahkan dalam peraturan dan         Directors, with clear authority and responsibility in line with their
perundang-undangan serta Anggaran Dasar.                          respective functions as mandated in the regulations and laws.
1. Rapat Umum Pemegang Saham, yang selanjutnya disebut            1. General Meeting of Shareholders, here onwards referred
    RUPS adalah Organ Perseroan yang mempunyai wewenang               to as GMS, is the Company Organ that holds the authority
    yang tidak diberikan kepada Direksi atau Dewan Komisaris          not provided to the Board of Directors or the Board of
    dalam batas yang ditentukan dalam undang-undang dan/atau          Commissioners within limitation determined in the laws and/
    Anggaran Dasar.                                                   or Articles of Association.
2. Dewan Komisaris adalah Organ Perseroan yang bertugas           2. The Board of Commissioners is the Company Organ assigned
    melakukan pengawasan secara umum dan/atau khusus sesuai           to generally and/or specifically supervise in accordance with
    dengan Anggaran Dasar serta memberi nasihat kepada Direksi.       the Articles of Association as well as to provide advices to the
                                                                      Board of Directors.
3. Direksi adalah Organ Perseroan yang berwenang dan              3. The Board of Directors is the Company Organ authorized and
   bertanggung jawab penuh atas pengurusan Perseroan untuk            fully responsible for the management of the Company for
   kepentingan Perseroan, sesuai dengan maksud dan tujuan             the interest of the Company, in accordance with the purpose
   Perseroan serta mewakili Perseroan, baik di dalam maupun di        and objectives of the Company as well as to represent the
   luar pengadilan sesuai dengan ketentuan Anggaran Dasar.            Company, both inside and outside of the court as stipulated in
                                                                      the Articles of Association.



                 Rapat Umum Pemegang Saham
                 General Meeting of Shareholders



                        Dewan Komisaris
                     Board of Commissioners



                            Direksi                                 Komite-komite Dewan Komisaris
                       Board of Directors                           Board of Commissioners Committees
                                                                    1. Komite Audit
                                                                       Audit Committee
                                                                    2. Komite Nominasi, Remunerasi, dan Good
                             Divisi
                                                                       Corporate Governance
                            Divisions
                                                                       Nomination, Remuneration, and Good Corporate
                                                                       Governance Committee
                                                                    3. Komite Pemantau Risiko dan Investasi
                                                                       Risk and Investment Monitoring Committee




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INFRASTRUKTUR TATA KELOLA PERUSAHAAN                                INFRASTRUCTURE OF CORPORATE
                                                                    GOVERNANCE
Infrastruktur keorganisasian Perseroan Terbatas mencakup            The organizational infrastructure of a Limited Liability Company
kepentingan pemegang saham yang dituangkan melalui Rapat            encompasses the interests of the shareholders as conveyed
Umum Pemegang Saham (RUPS); Direksi dengan tugasnya untuk           through the General Meeting of Shareholders (GSM); the Board
mengelola; serta Dewan Komisaris yang berfungsi melakukan           of Directors with its duty to manage; as well as the Board of
pengawasan. Sistem kepengurusan perseroan terbatas menganut         Commissioners that functions to supervise. The management
model 2 (dua) badan atau two tier system, yaitu Dewan Komisaris     system of a public company embraces 2 (two) organizational
dan Direksi dengan kewenangan dan tanggung jawab yang jelas         models or two-tier system, namely the Board of Commissioners
sesuai fungsinya masing-masing sebagaimana diamanatkan dalam        and the Board of Directors with the clear authorities and
peraturan dan perundang-undangan serta Anggaran Dasar.              responsibilities in accordance with their respective functions as
                                                                    mandated in the laws and regulations as well as the Articles of
                                                                    Association.

Perseroan memiliki ketiga organ utama tersebut, baik RUPS,          The Company has the abovementioned three main organs, the
Dewan Komisaris dan Direksi. Dewan Komisaris dan Direksi            GMS, The Board of Commissioners and the Board of Directors.
memiliki tanggung jawab untuk memelihara kesinambungan              The Board of Commissioners and the Board of Directors have the
usaha Perseroan dalam jangka panjang. Oleh karena itu, Dewan        responsibilities to maintain the Company’s business continuity
Komisaris dan Direksi harus memiliki kesamaan persepsi terhadap     for the long run. For this reason, the Board of Commissioners
visi, misi, dan nilai-nilai inti serta budaya Perseroan.            and the Board of Directors must hold the same perception of the
                                                                    Company’s vision, mission and core values as well as culture.

Infrastruktur GCG Perseroan juga mengikutsertakan beberapa          The Company’s GCG infrastructure also adheres to several important
aspek penting yang berperan untuk mendukung penguatan               aspects that play the role in supporting the strengthening of
kontrol dan pengelolaan terhadap Perseroan, terdiri dari organ      control and management of the Company, consisting of supporting
pendukung yang meliputi Sekretaris Perusahaan dan Unit Audit        organs that include the Corporate Secretary and Internal Audit
Internal yang berada di bawah Direksi, serta Komite Audit, Komite   Unit under the supervision of the Board of Directors, as well as
Nominasi, Remunerasi dan Good Corporate Governance (“Komite         the Audit Committee, Nomination and Remuneration Committee
NR dan GCG”), dan Komite Pemantau Risiko dan Investasi yang         and the Risk and Investment Monitoring Committee under the
berada di bawah Dewan Komisaris. Selain itu, terdapat proses        supervision of the Board of Commissioners. Apart from that, there
audit independen atas laporan keuangan dan laporan lainnya          is an independent audit process of the financial statements by an
yang dilakukan oleh akuntan eksternal dalam memperkuat kontrol      external accountant in strengthening control, specifically related
khususnya terkait laporan kinerja Perseroan. Struktur tersebut      to the Company financial performance report. This structure is in
telah sesuai dengan ketentuan regulasi yang berlaku di Indonesia.   accordance with provisional regulations applicable in Indonesia.




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SOFTSTRUCTURE TATA KELOLA PERUSAHAAN                             SOFTSTRUCTURE OF CORPORATE
                                                                 GOVERNANCE
Perseroan memiliki softstructure GCG sebagai mekanisme           The Company has a GCG soft structure as a mechanism for
penerapan prinsip GCG di lingkup entitas usaha. Softstructure    implementing GCG principles within the business entity. This
tersebut terdiri dari berbagai peraturan dan kebijakan yang      softstructure consists of various regulations and policies that
mengatur lingkup tanggung jawab organ GCG, dan hubungan kerja    regulate the scope of responsibilities of GCG organs, and the work
antar-organ GCG; termasuk dengan pemangku kepentingan baik       relationship among GCG organs, including with internal as well as
internal maupun eksternal.                                       external stakeholders.

Perseroan telah menyusun, menerapkan dan memperbarui             The Company has prepared, implemented and updated the GCG
softstructure GCG yang terdiri dari kebijakan dan prosedur       softstructure consisting of policies and operating procedures,
operasional, meliputi antara lain:                               which include the following:


                           Softstructure GCG                                               GCG Softstructure
 Anggaran Dasar Perusahaan                                      Company Articles of Association
 Pedoman Tata Kelola Perusahaan (GCG Code)                      Code of Corporate Governance
 Panduan Perilaku (Code of Conduct)                             Code of Conduct
 Board Manual (Buku Panduan Dewan Komisaris dan Direksi)        Board Manual (Board of Commissioners and Board of Directors
                                                                Handbook)
 Piagam Komite Audit                                            Audit Committee Charter
 Piagam Komite Nominasi, Remunerasi                             Nomination and Remuneration Committee Charter
 dan Good Corporate Governance (“Komite NR dan GCG”)
 Piagam Komite Pemantau Risiko dan Investasi                    Risk and Investment Monitoring Charter
 Piagam Sekretaris Perusahaan                                   Corporate Secretary Charter
 Piagam Internal Audit                                          Internal Audit Charter
 Pedoman Etika Perilaku Manajemen                               Management Code of Conduct Guidelines
 Pedoman Pemberian dan Penerimaan Hadiah                        Guidelines on Gratuity
 Pedoman Benturan Kepentingan                                   Guidelines on Conflict of Interest
 Pedoman Whistleblowing System                                  Guidelines on Whistleblowing System
 Pedoman Anti-Fraud                                             Anti-Fraud Guidelines
 Pedoman Anti Suap dan Korupsi                                  Anti-Bribery and Corruption Guidelines
 Pedoman Kepemilikan dan Transaksi bagi Orang Dalam             Guidelines on Ownership and Insider Transactions
 Pedoman Perlindungan Hak Kreditur                              Creditors’ Rights Protection Guidelines
 Kebijakan SOP dan Instruksi Kerja                              Policy on Standard Operating Procedures and Work Instructions
 Kebijakan Bisnis Proses                                        Business Process Policy
 Pedoman Manual Mutu                                            Quality Manual Guidelines




                                                                                          2024 Annual Report PT ELNUSA Tbk      255
Page 258
            TATA KELOLA PERUSAHAAN
            Corporate Governance




HIERARKI KEBIJAKAN DAN PROSEDUR                                         COMPANY’S HIERARCHY OF OPERATING
OPERASIONAL PERSEROAN                                                   POLICIES AND PROCEDURES
Perseroan telah menerbitkan Kebijakan dan Prosedur Operasional          The Company has published Policies and Operational Procedures
terkait penerapan GCG dalam situs website dengan alamat                 related to the implementation of GCG on its official website at
www.elnusa.co.id, yang dapat diakses dalam Bahasa Indonesia             www.elnusa.co.id, which can be accessed in both Indonesian
dan Inggris. Situs tersebut selalu dilakukan pemutakhiran secara        and English. The site is regularly updated to align with current
berkala untuk disesuaikan dengan kondisi dan best practices serta       conditions, best practices, and regulatory changes.
perubahan peraturan perundang-undangan yang berlaku.



                                                              PRINSIP GCG
                                                              GCG Principles

                        TRANSPARANSI                                                                INDEPENDENSI
                         Transparency                                                                Independency
                                                            RESPONSIBILITAS
                                                              Responsibility
                       AKUNTABILITAS                                                                 KEWAJARAN
                        Accountibaility                                                                Fairness




                                                    PEDOMAN TATA KELOLA PERUSAHAAN
                                                     Corporate Governance Guidelines


                     PIAGAM                     KEBIJAKAN DAN PEDOMAN MANAJEMEN                               KODE ETIK
                      Charter                      Management Policies and Guidelines                       Code of Conduct


     • Board Manual                             • SOP dan Intruksi Kerja                      • Pedoman Etika Perilaku Manajemen
     • Piagam Komite Audit                        SOP and Work Instructions                     Guidelines for Management Behaviour
       Audit Committee Charter                  • Bisnis Proses                                 Ethics
     • Piagam Komite Nominasi, Remunerasi dan     Business Process                            • Pedoman Pemberian dan Penerimaan
       Good Corporate Governance                • Manual Mutu                                   Hadiah
       Nomination, Remuneration and Good          Quality Manual                                Guidelines for the Giving and Receiving
       Corporate Governance Committee Charter                                                   of Prizes
     • Piagam Komite Pemantau Risiko                                                          • Pedoman Benturan Kepentingan
       dan Investasi                                                                            Guidelines for Conflict of Interest
       Risk and Investment Monitoring                                                         • Pedoman Whistleblowing Systems
       Committee                                                                                Guidelines for Whistleblowing Systems
     • Piagam Internal Audit                                                                  • Anti Kecurangan
       Internal Audit Charter                                                                   Anti-fraud
     • Piagam Sekretaris Perusahaan                                                           • Anti Suap dan Korupsi
       Corporate Secretary Charter                                                              Anti Bribery and Corruption
                                                                                              • Pedoman Kepemilikan dan Transaksi bagi
                                                                                                Orang Dalam
                                                                                                Guidelines for Ownership and Transactions
                                                                                                for Insiders
                                                                                              • Pedoman Perlindungan Hak Kreditur
                                                                                                Guidelines for the Protection of Creditors’
                                                                                                Rights




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ROADMAP PENGEMBANGAN TATA KELOLA PERUSAHAAN YANG BAIK
Good Corporate Governance Development Roadmap


                                                                                                                  GCG
                                                                                                                  CITIZENSHIP
                                                                                        GCG AS A
                                                                                        CULTURE
                                                            GCG                                                   Perusahaan menjadi
                                                            GOVERNANCE                                            masyarakat/warga energi
                                                            COMPLY                      Terciptanya seluruh       industri yang etikal dan
                                GCG COMPLY                                              elemen GCG sebagai        bertanggung jawab
                                                                                        budaya Perusahaan.        melalui pendekatan
  BAD                                                       Terkelolanya operasional                              CSR (5P).
  GOVERNANCE                                                Perusahaan yang baik        Parameter:
                                Memenuhi ketentuan          melalui kontrol internal,   • Sustainability          Parameter:
                                dan peraturan               pengendalian risiko, dan      performance             • ISO-26000
                                (mandatory maupun           penerapan WBS.              • Award/penghargaan       • Sustainable
  Belum terpenuhinya
                                voluntary) dalam Tata                                   • Behaviour Guidance        Development Goals
  Tata Kelola Perusahaan                                    Parameter:
                                Kelola Perusahaan.                                                                • SR Award
  yang Baik, di mana                                        • GCG Mechanism             The creation of all       • Share Price
  kepentingan publik                                        • Beyond Compliance
                                Parameter:                                              elements of GCG as a
  belum sebagai prioritas                                   • Award/penghargaan
                                • GCG Structure                                         corporate culture.        The Company becomes
  utama.                                                    • Memiliki
                                • Terpenuhinya                                                                    an ethical and responsible
                                  kewajiban pelaporan         Whistleblowing System     Parameter:                society/citizen of the
  Parameter:                                                  yang dikelola dengan
                                  kepatuhan                                             • Sustainability          energy industry through a
  • Dominasi Kekuasaan                                        baik
                                • Seluruh pedoman                                         performance             CSR approach (5P).
  • Birokrasi yang rumit
                                  internal telah sesuai                                 • Award/penghargaan
  • Bisnis proses yang tidak                                Good corporate
                                  dengan regulasi untuk                                 • Behaviour Guidance      Parameter:
    jelas                                                   operational management
                                  Perusahaan Terbuka                                                              • ISO-26000
  • Kurangnya pedoman                                       through internal control,                             • Sustainable
    internal sebagai acuan                                  risk control and WBS
                                Meeting the provisions                                                              Development Goals
    Tata Kelola Perusahaan                                  implementation.
                                and regulations                                                                   • SR Award
                                (mandatory and                                                                    • Share Price
  Good Corporate                                            Parameter:
  Governance has not been       voluntary) in Corporate
                                Governance.                 • GCG Mechanism
  fulfilled, where the public                               • Beyond Compliance
  interest is not yet a top                                 • Award
  priority.                     Parameter:
                                • GCG Structure             • Presence of
                                • Compliance reporting        well-managed
  Parameter:                                                  Whistleblowing System
  • Power Domination              obligations
  • Complicated                 • All internal guidelines
    bureaucracy                   are in accordance with
  • Unclear business              regulations for Public
    processes                     Company
  • Lack of internal
    guidelines as a
    reference for Corporate
    Governance



    POOR PRACTICES                  FOUNDATIONS                   EMERGING                  ESTABLISHED                 SUSTAINED




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Rapat Umum Pemegang Saham (RUPS)
    General Meeting of Shareholders (GMS)

Rapat Umum Pemegang Saham (RUPS) merupakan organ tata                 The General Meeting of Shareholders (GMS) is the main
kelola utama yang memiliki wewenang yang tidak diberikan              governance organ that has authorities delegated to neither the
kepada Direksi atau Dewan Komisaris dalam batas yang ditentukan       Board of Directors nor the Board of Commissioners within the
oleh Undang-Undang Perseroan terbatas dan/atau Anggaran               limits specified by the Limited Liability Company Law and/or the
Dasar Perseroan. RUPS menjadi wadah bagi para pemegang saham          Company’s Articles of Association. The GMS serves as a forum
dalam memutuskan arah Perseroan dan merupakan forum bagi              for shareholders to decide the direction of the Company and is
Dewan Komisaris dan Direksi untuk menyampaikan laporan dan            a platform for the Board of Commissioners and the Board of
pertanggungjawaban atas pelaksanaan tugas serta hasil kinerja         Directors to present reports and accountability for the execution
Perusahaan kepada para Pemegang Saham.                                of their duties and the Company’s performance results to the
                                                                      shareholders.

Perseroan menyelenggarakan RUPS yang terdiri dari RUPS                The Company convenes GMS, which consists of the Annual
Tahunan yang diselenggarakan 1 (satu) kali setiap tahun, dan RUPS     GMS that shall be held once a year, and the Extraordinary GMS
Luar Biasa (“RUPSLB”) yang dapat dilaksanakan sewaktu-waktu           (“EGMS”) which can be held at any time based on necessity.
berdasarkan kebutuhan.

PENYELENGGARAAN RUPS DI TAHUN 2024                                    GMS IMPLEMENTATION IN 2024
Pada tahun 2024, Perseroan mengadakan 1 (satu) kali RUPS              In 2024, the Company held 1 (one) Annual GMS held at Sheraton
Tahunan yang diadakan di Sheraton Grand Jakarta Gandaria City         Grand Jakarta Gandaria City Hotel and 1 (one) EGMS held at Udaya
Hotel dan 1 (satu) kali RUPSLB yang diadakan di Ruang Udaya,          Room, Graha Elnusa Jl. TB. Simatupang Kav. 1B Jakarta 12560.
Graha Elnusa Jl. TB. Simatupang Kav. 1B Jakarta 12560.


                     RUPS                                   Tanggal | Date                                  GMS
 RUPS Luar Biasa                                   17 Januari 2024 | January 17, 2024                                Extraordinary GMS
 RUPS Tahunan                                         15 Mei 2024 | May 15, 2024                                           Annual GMS


PENYELENGGARAAN RUPS LUAR BIASA DI                                    ORGANIZATION OF EXTRAORDINARY GMS IN
2024                                                                  2024
Selama tahun 2024, Perseroan menyelenggarakan 1 (satu) kali RUPS      During 2024, the Company held 1 (one) Extraordinary GMS
Luar Biasa (“RUPSLB”) pada 17 Januari 2024. Penyelenggaraan           (“EGMS”) on January 17, 2024. The convention of the EGMS is based
RUPSLB tersebut berdasarkan Peraturan Otoritas Jasa Keuangan          on Financial Services Authority Regulation No. 15/POJK.04/2020
No. 15/POJK.04/2020 tentang Rencana dan Penyelenggaraan               regarding the Plan and Implementation of the General Meeting of
Rapat Umum Pemegang Saham Perusahaan Terbuka dan Peraturan            Shareholders of Public Companies and Financial Services Authority
Otoritas Jasa Keuangan No. 16/POJK.04/2020 tentang Pelaksanaan        Regulation No. 16/POJK.04/2020 regarding the convention of the
Rapat Umum Pemegang Saham Perusahaan Terbuka secara                   Electronic General Meeting of Shareholders of Public Companies.
Elektronik. Proses rencana dan pelaksanaan RUPS Perseroan telah       The process of planning and implementing the Company’s GMS
tertuang dalam surat Perseroan yang telah disampaikan kepada          had been stated in the Company’s letter submitted to the Financial
Otoritas Jasa Keuangan (OJK) serta melakukan pengumuman               Services Authority (OJK) as well as making announcements
melalui situs web Bursa Efek Indonesia, situs Web eASY.KSEI dan       through the Indonesia Stock Exchange website, eASY.KSEI website
situs web Perseroan.                                                  and the Company’s website.

Rapat dipimpin oleh Bapak Wakhid Hasyim selaku Komisaris              The Meeting was chaired by Mr. Wakhid Hasyim as Commissioner
dengan terlebih dahulu menyampaikan bahwa pelaksanaan RUPS            by first conveying that the convention of the GMS refered to the
mengacu pada tata tertib RUPS yang telah disampaikan kepada           GMS rules that had been submitted to the Shareholders through
Pemegang Saham melalui web Perseroan sebelum Rapat dimulai.           the Company’s website before the Meeting began. The Chairperson
Pimpinan Rapat memberikan kesempatan kepada Pemegang                  of the Meeting gave an opportunity to the Shareholders and/or
Saham dan/atau kuasanya untuk mengajukan pertanyaan dan/              their proxies to submit questions and/or responses in writing to
atau tanggapan secara tertulis atas setiap agenda Rapat yang          each Meeting agenda discussed.
dibicarakan.




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Pimpinan Rapat atau Direktur yang ditunjuk oleh Pimpinan            The Chairman of the Meeting or the Director appointed by
Rapat menjawab pertanyaan dan/atau menanggapi pertanyaan,           the Chairman of the Meeting answered the questions and/
tanggapan dan/atau usulan Pemegang Saham. Setelah semua             or responded to the questions, responses and/or proposals of
pertanyaan dijawab dan ditanggapi selanjutnya dilakukan             the Shareholders. After all questions had been answered and
pemungutan suara dan hanya pemegang saham dan/atau                  responded, voting was held and only shareholders and/or their
kuasanya yang sah yang berhak untuk mengeluarkan suara.             authorized proxies were entitled to cast votes.

Tahapan tata waktu penyelenggaraan RUPS Luar Biasa Perseroan        The stages of the procedure for organizing the Extraordinary GMS
sepanjang 2024 sebagai berikut:                                     of the Company throughout 2024 are as follows:


                                                                  Tanggal
 No.                   Aktivitas                                                                             Activity
                                                                   Date

       RUPSLB Tahun 2024                                                                                   EGMS of Financial Year 2024
  1    Penyampaian rencana RUPSLB kepada OJK     27 November 2023 | November 27, 2023         Disclosure of plans of Annual EGMS to OJK
  2    Pengumuman RUPSLB                           4 Desember 2023 | December 4, 2023                          Announcement of EGMS
  3    Pemanggilan RUPSLB                         19 Desember 2023 | December 19, 2023                                  Invitation to EGMS
  4    Pelaksanaan RUPSLB                           17 Januari 2024 | January 17, 2024                        Implementation of EGMS
  5    Penyampaian Ringkasan risalah RUPSLB         18 Januari 2024 | January 18, 2024        Submission of Minutes of Meeting of EGMS


KETENTUAN KUORUM                                                    QUORUM REQUIREMENTS
Kuorum kehadiran dan kuorum keputusan RUPS untuk mata acara         GMS attendance quorum and resolution quorum for the agenda
yang harus diputuskan dalam RUPS dilakukan dengan mengikuti         that must be decided on during the GMS are carried out by
ketentuan berdasarkan Peraturan Otoritas Jasa Keuangan              following the provisions based on the Financial Services Authority
dan Anggaran Dasar Perseroan. Dalam RUPSLB tersebut telah           Regulation and the Company’s Articles of Association. In this
dihadiri oleh Pemegang Saham atau Kuasa Pemegang Saham              Annual GMS, attendants included the Company Shareholders or
Perseroan yang sah berjumlah 4.258.882.845 saham atau sebesar       authorized Shareholder Proxies which totalled 4.258.882.845
58,35285% dari jumlah saham dengan hak suara yang sah yang          shares or 58,35285% of the total shares with legal rights to vote as
telah dikeluarkan oleh Perseroan.                                   issued by the Company.

PROSES PERHITUNGAN SUARA DAN                                        PROCESS OF VOTE COUNTING AND
KETERLIBATAN PIHAK INDEPENDEN                                       INVOLVEMENT OF AN INDEPENDENT PARTY
Perhitungan suara dan prosedur pemungutan suara dalam RUPS          Vote counting and voting process in an GMS is explained in the
dijelaskan dalam tata tertib RUPS yang disampaikan kepada           GMS implementation procedures as conveyed to the Shareholders
Pemegang Saham melalui situs Perusahaan sebelum Rapat               through the Company website prior to the start of the Meeting.
dimulai. Adapun mekanisme pengambilan keputusan Rapat               The mechanism of the Meeting’s decision-making as regulated
yang diatur Tata Tertib Rapat dengan memperhatikan ketentuan        by the Meeting Procedures by taking into account the Company’s
Anggaran Dasar Perseroan dan peraturan yang berlaku.                Articles of Association and applicable regulation.

Perseroan telah menunjuk pihak independen yaitu Biro                The Company appointed an independent party, namely the
Administrasi Efek (BAE) PT Datindo Entrycom dan Kantor Notaris      Securities Administration Bureau of PT Datindo Entrycom and
Aulia Taufani, S.H., untuk menyampaikan penghitungan suara dan/     Notary Office of Aulia Taufani, S.H., to disclose the vote counting
atau melakukan validasi serta menyusun Berita Acara Rapat.          and/or to validate as well as prepare the Minutes of Meeting.

KEHADIRAN DEWAN KOMISARIS, DIREKSI,                                 ATTENDANCE OF THE BOARD OF
LEMBAGA, DAN PROFESI PENUNJANG PASAR                                COMMISSIONERS, THE BOARD OF DIRECTORS,
MODAL DALAM RUPSLB                                                  CAPITAL MARKET SUPPORTING INSTITUTIONS,
                                                                    AND PROFESSIONALS IN THE EGMS
RUPSLB dihadiri seluruh anggota Dewan Komisaris, Direksi,           The Annual GMS is attended by all members of the Board of
Pemegang Saham Mayoritas, dan Pemegang saham lainnya dan            Commissioners, the Board of Directors, Majority Shareholders
atau kuasanya dengan kuorum kehadiran adalah sebagai berikut:       and other Shareholders and/or proxies with attendance quorum
                                                                    as follows:




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KEHADIRAN DEWAN KOMISARIS DAN DIREKSI DALAM RUPSLB
Attendance of the Board of Commissioners and the Board of Directors in the EGMS
                           Nama                                                   Jabatan                     Kehadiran
                           Name                                                   Position                    Attendance
RUPSLB | EGMS
Agus Prabowo                                                      Komisaris Utama                                Hadir
                                                                  President Commissioner                       Attendant
Lusiaga Levi Susila                                               Komisaris Independen                           Hadir
                                                                  Independent Commissioner                     Attendant
Hernawan Bekti Sasongko                                           Komisaris Independen                           Hadir
                                                                  Independent Commissioner                     Attendant
Wakhid Hasyim                                                     Komisaris                                      Hadir
(Pimpinan Rapat)                                                  Commissioner                                 Attendant
(Chairman of Meeting)
John Hisar Simamora                                               Direktur Utama                                 Hadir
                                                                  President Director                           Attendant
Bachtiar Soeria Atmadja                                           Direktur Keuangan                              Hadir
                                                                  Director of Finance                          Attendant
Charles Harianto Lumbantobing                                     Direktur Operasi                               Hadir
                                                                  Director of Operation                        Attendant
Ratih Esti Prihatini                                              Direktur Pengembangan Usaha                    Hadir
                                                                  Director of Business Development             Attendant
Hera Handayani                                                    Direktur SDM & Umum                            Hadir
                                                                  Director of Human Capital                    Attendant
                                                                  & General Affairs


KEHADIRAN LEMBAGA DAN PROFESI PENUNJANG PASAR MODAL
Attendance of Capital Market Supporting Institutions and Professionals

                                                                  Kehadiran                             Capital Market Supporting
 Lembaga Penunjang Pasar Modal
                                                                  Attendance                                    Institution

Notaris                           Notaris Aulia Taufani, S.H.                                                                  Notary
                                  Notary of Aulia Taufani, S.H.
Kantor Akuntan Publik             KAP Purwanto, Sungkoro & Surja – Ernst & Young                               Public Accounting Firm
                                  Public Accounting Firm Purwanto, Sungkoro & Surja – Ernst & Young
Biro Administrasi Efek            PT Datindo Entrycom                                                 Securities Administration Bureau



                                                                  Kehadiran                             Capital Market Supporting
 Lembaga Penunjang Pasar Modal
                                                                  Attendance                                    Institution

Biro Administrasi Efek                                        Hadir | Attendant                       Securities Administration Bureau
Kantor Akuntan Publik                                         Hadir | Attendant                                Public Accounting Firm
Notaris                                                       Hadir | Attendant                                                Notary




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KEPUTUSAN RUPS LUAR BIASA                                         RESOLUTION OF THE EXTRAORDINARY GMS

RUPSLB 17 JANUARI 2024
Extraordinary GMS January 17, 2024

                  Mata Acara                                       Keputusan                                          Realisasi
 No.
                   Agenda                                          Resolution                                        Realization

  1    Persetujuan Perubahan Susunan   A. Memberhentikan dengan hormat anggota Direksi terhitung            Telah ditindaklanjuti
       Pengurus Perseroan                 sejak penutupan Rapat Umum Pemegang Saham Luar Biasa
                                          ini, dengan ucapan terima kasih atas sumbangan tenaga dan
                                          pikiran yang diberikan selama menjabat sebagai anggota
                                          Direksi sebagai berikut:
                                          1. Sdr. John Hisar Simamora selaku Direktur Utama,
                                               sehubungan arahan Kementerian Badan Usaha Milik
                                               Negara, sebagaimana mengacu pada Berita Acara Konsultasi
                                               Perwakilan Pertamina dengan Kementerian Badan Usaha
                                               Milik Negara (KBUMN) No. BA-168/DSI.MBU.A/12/2023
                                               dan No. BA-09/K00000/2023-S8 tanggal 15 Desember 2023
                                               tentang Aspirasi Perubahan Pengurus Cucu Perusahaan/
                                               Perusahaan Afiliasi Pertamina Group.
                                          2. Sdr. Bachtiar Soeria Atmadja selaku Direktur Keuangan,
                                               sehubungan dengan arahan Kementerian Badan Usaha
                                               Milik Negara, sebagaimana mengacu pada Berita Acara
                                               Konsultasi Perwakilan Pertamina dengan Kementerian
                                               Badan Usaha Milik Negara (KBUMN) No. BA-168/DSI.
                                               MBU.A/12/2023 dan No. BA-09/K00000/2023-S8 tanggal 15
                                               Desember 2023 tentang Aspirasi Perubahan Pengurus Cucu
                                               Perusahaan/Perusahaan Afiliasi Pertamina Group.
                                          3. Sdr. Charles Harianto Lumbantobing selaku Direktur
                                               Operasi, sehubungan dengan arahan Kementerian
                                               Badan Usaha Milik Negara, sebagaimana mengacu pada
                                               Berita Acara Konsultasi Perwakilan Pertamina dengan
                                               Kementerian Badan Usaha Milik Negara (KBUMN) No.
                                               BA-5/DSI.MBU.A/01/2024 dan No. BA-01/K00000/2024-S8
                                               tanggal 9 Januari 2024 tentang Rapat Aspirasi Perubahan
                                               Pengurus Anak dan Cucu Perusahaan/Perusahaan Afiliasi
                                               PT Pertamina (Persero).
                                       B. Memberhentikan dengan hormat Sdri. Ratih Esti Prihatini
                                          selaku Direktur Pengembangan Usaha, terhitung sejak
                                          tanggal 14 November 2023, dengan ucapan terima kasih atas
                                          sumbangan tenaga dan pikiran yang diberikan selama menjabat
                                          sebagai Direktur Pengembangan Usaha, sebagaimana mengacu
                                          pada:
                                          1. Surat Menteri BUMN No SR-557/MBU/11/2023 tanggal
                                               10 November 2023 perihal Usulan Perubahan Pengurus
                                               PT Perusahaan Gas Negara Tbk; dan
                                          2. Rapat Umum Pemegang Saham Luar Biasa PT Perusahaan
                                               Gas Negara Tbk tanggal 14 November 2023 yang
                                               mengangkat Sdri. Ratih Esti Prihatini sebagai Direktur Sales
                                               dan Operasi.
                                       C. Memberhentikan dengan hormat anggota Dewan Komisaris
                                          terhitung sejak penutupan Rapat Umum Pemegang Saham Luar
                                          Biasa ini, dengan ucapan terima kasih atas sumbangan tenaga
                                          dan pikiran yang diberikan selama menjabat sebagai anggota
                                          Dewan Komisaris, sebagai berikut:
                                          1. Sdr. Agus Prabowo selaku Komisaris Utama, sehubungan
                                               dengan arahan Kementerian Badan Usaha Milik Negara,
                                               sebagaimana mengacu pada Berita Acara Konsultasi
                                               Perwakilan Pertamina dengan Kementerian Badan Usaha
                                               Milik Negara (KBUMN) No.BA-168/DSI.MBU.A/12/2023
                                               dan No.BA-09/K00000/2023-S8 tanggal 15 Desember 2023
                                               tentang Aspirasi Perubahan Pengurus Cucu Perusahaan/
                                               Perusahaan Afiliasi Pertamina Group.




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                 Mata Acara                                       Keputusan                                         Realisasi
No.
                  Agenda                                          Resolution                                       Realization

                                          2. Sdr. Hernawan Bekti Sasongko selaku Komisaris Independen
                                              sehubungan dengan arahan Kementerian Badan Usaha
                                              Milik Negara, sebagaimana mengacu pada Berita Acara
                                              Konsultasi Perwakilan Pertamina dengan Kementerian
                                              Badan Usaha Milik Negara (KBUMN) No.BA-168/DSI.
                                              MBU.A/12/2023 dan No.BA-09/K00000/2023-S8 tanggal 15
                                              Desember 2023 tentang Aspirasi Perubahan Pengurus Cucu
                                              Perusahaan/Perusahaan Afiliasi Pertamina Group.
                                       D. Menyetujui pengangkatan anggota Direksi Perseroan terhitung
                                          efektif sejak tanggal penutupan Rapat Umum Pemegang
                                          Saham Luar Biasa ini sampai dengan penutupan RUPS Tahunan
                                          ke-3 (ketiga) dengan tidak mengurangi hak RUPS untuk
                                          memberhentikan anggota Direksi tersebut sewaktu-waktu
                                          sebelum masa jabatannya berakhir, sebagai berikut:
                                          1. Sdr. Bachtiar Soeria Atmadja sebagai Direktur Utama
                                          2. Sdr. Endro Hartanto sebagai Direktur Operasi
                                          3. Sdr. Arief Prasetyo Handoyo sebagai Direktur
                                              Pengembangan Usaha
                                          4. Sdr. Stanley Iriawan sebagai Direktur Keuangan.
                                       E. Menyetujui pengangkatan anggota Dewan Komisaris Perseroan
                                          terhitung efektif sejak tanggal penutupan Rapat Umum
                                          Pemegang Saham Luar Biasa ini sampai dengan penutupan
                                          RUPS Tahunan ke-3 (ketiga) dengan tidak mengurangi hak RUPS
                                          untuk memberhentikan anggota Dewan Komisaris tersebut
                                          sewaktu-waktu sebelum masa jabatannya berakhir, sebagai
                                          berikut:
                                          1. Sdr. Nur Endro Buwono sebagai Komisaris Utama
                                          2. Sdr. Denie S. Tampubolon sebagai Komisaris Independen
                                       F. Menyetujui Perubahan Susunan Pengurus Perseroan, sehingga
                                          susunan Direksi dan Dewan Komisaris Perseroan menjadi
                                          sebagai berikut:
                                          Direksi:
                                          • Sdr. Bachtiar Soeria Atmadja: Direktur Utama
                                          • Sdr. Stanley Iriawan: Direktur Keuangan
                                          • Sdr. Endro Hartanto: Direktur Operasi
                                          • Sdr. Arief Prasetyo Handoyo: Direktur Pengembangan Usaha
                                          • Sdri. Hera Handayani: Direktur SDM & Umum
                                          Dewan Komisaris:
                                          • Sdr. Nur Endro Buwono: Komisaris Utama
                                          • Sdr. Wakhid Hasyim: Komisaris
                                          • Sdr. Lusiaga Levi Susila: Komisaris Independen
                                          • Sdr. Denie S. Tampubolon: Komisaris Independen
                                       G. Memberikan kuasa dengan hak substitusi kepada seluruh
                                          anggota Direksi Perseroan untuk menyatakan kembali seluruh
                                          keputusan Rapat ke dalam akta notaris dan selanjutnya
                                          memberitahukan susunan anggota Direksi dan/atau Dewan
                                          Komisaris Perseroan tersebut kepada Kementerian Hukum dan
                                          Hak Asasi Manusia Republik Indonesia maupun instansi-instansi
                                          Pemerintah lainnya, serta melakukan segala tindakan yang
                                          diperlukan sesuai dengan ketentuan peraturan perundang-
                                          undangan yang berlaku.

                                           Rapat menyetujui dengan total suara setuju berjumlah
                                           4.221.466.845 saham atau 99,12% dari total seluruh suara yang
                                           dikeluarkan dalam Rapat.
      Approval of Changes in the       A. Honorably discharged the members of the Board of Directors        Followed-Up
      Company’s Management Structure      as of the closing of this Extraordinary General Meeting of
                                          Shareholders, with gratitude for the contribution of energy and
                                          thought given during his tenure as a member of the Board of
                                          Directors as follows:
                                          1. Mr. John Hisar Simamora as President Director, in
                                              connection with the direction of the Ministry of State-
                                              Owned Enterprises, as referred to in the Minutes of
                                              Consultation of Pertamina Representative with the Ministry
                                              of State-Owned Enterprises (KBUMN) No. BA-168/DSI.
                                              MBU.A/12/2023 and No. BA-09/K00000/2023-S8 dated
                                              December 15, 2023 concerning Aspirations for Changes
                                              in the Management of the Grandson Company/Affiliated
                                              Company of Pertamina Group.




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      Mata Acara                                Keputusan                                           Realisasi
No.
       Agenda                                   Resolution                                         Realization

                      2. Mr. Bachtiar Soeria Atmadja as Director of Finance, in
                          connection with the direction of the Ministry of State-
                          Owned Enterprises, as referred to in the Minutes of
                          Consultation of Pertamina Representative with the Ministry
                          of State-Owned Enterprises (KBUMN) No. BA-168/DSI.
                          MBU.A/12/2023 and No. BA-09/K00000/2023-S8 dated
                          December 15, 2023 concerning Aspirations for Changes in
                          the Management of Grandchildren of Companies/Affiliated
                          Companies of Pertamina Group.
                      3. Mr. Charles Harianto Lumbantobing as Director of
                          Operations, in connection with the direction of the Ministry
                          of State-Owned Enterprises, as referred to in the Minutes
                          of Consultation of Pertamina’s Representative with the
                          Ministry of State-Owned Enterprises (KBUMN) No. BA-5/
                          DSI.MBU.A/01/2024 and No. BA-01/K00000/2024-S8
                          dated January 9, 2024 concerning Meeting of Aspirations
                          for Changes in the Management of Subsidiaries and
                          Grandchildren of Companies/Affiliated Companies of
                          PT Pertamina (Persero).
                   B. Honorably dismissed Sdri. Ratih Esti Prihatini as Director of
                      Business Development, effective as of November 14, 2023,
                      with gratitude for the contribution of energy and thought given
                      during her tenure as Director of Business Development, as
                      referred to:
                      1. Letter of the Minister of SOEs No. SR-557/MBU/11/2023
                          dated November 10, 2023 regarding Proposed Changes in
                          the Management of PT Perusahaan Gas Negara Tbk; and
                      2. Extraordinary General Meeting of Shareholders of
                          PT Perusahaan Gas Negara Tbk dated November 14, 2023
                          which appointed Sdri. Ratih Esti Prihatini as Director of Sales
                          and Operations.
                   C. Honorably discharged the members of the Board of
                      Commissioners as of the closing of this Extraordinary General
                      Meeting of Shareholders, with gratitude for the contribution of
                      energy and thought given during their tenure as members of
                      the Board of Commissioners, as follows:
                      1. Mr. Agus Prabowo as President Commissioner, in
                          connection with the direction of the Ministry of State-
                          Owned Enterprises, as referred to in the Minutes
                          of Consultation of Pertamina’s Representative with
                          the Ministry of State-Owned Enterprises Minutes of
                          Consultation of Pertamina’s Representative with the
                          Ministry of State-Owned Enterprises (KBUMN) No.BA-168/
                          DSI.MBU.A/12/2023 and No.BA-09/K00000/2023-S8 dated
                          December 15, 2023 concerning Aspirations for Changes
                          in the Management of Grandson Companies/Affiliated
                          Companies of Pertamina Group.
                      2. Mr. Hernawan Bekti Sasongko as Independent
                          Commissioner in connection with the direction of the
                          Ministry of State-Owned Enterprises, as referred to in the
                          Minutes of Consultation of Pertamina’s Representative
                          with the Ministry of State-Owned Enterprises No.BA-168/
                          DSI.MBU.A/12/2023 and No.BA-09/K00000/2023-S8 dated
                          December 15, 2023 concerning Aspirations for Changes
                          in the Management of Grandson Companies/Affiliated
                          Companies of Pertamina Group.
                   D. Approved the appointment of members of the Company’s
                      Board of Directors effective as of the closing date of this
                      Extraordinary General Meeting of Shareholders until the closing
                      of the 3rd (third) Annual General Meeting of Shareholders
                      without prejudice to the right of the GMS to dismiss the
                      members of the Board of Directors at any time before their
                      term of office ends, as follows:
                      1. Mr. Bachtiar Soeria Atmadja as President Director
                      2. Mr. Endro Hartanto as Director of Operations
                      3. Mr. Arief Prasetyo Handoyo as Director of Business Development
                      4. Mr. Stanley Iriawan as Finance Director.




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                   Mata Acara                                           Keputusan                                     Realisasi
 No.
                    Agenda                                              Resolution                                   Realization

                                           E. Approved the appointment of members of the Board of
                                              Commissioners of the Company effective as of the closing date
                                              of this Extraordinary General Meeting of Shareholders until
                                              the closing of the 3rd (third) Annual GMS without prejudice to
                                              the right of the GMS to dismiss the members of the Board of
                                              Commissioners at any time before their term of office expires,
                                              as follows:
                                              1. Mr. Nur Endro Buwono as President Commissioner
                                              2. Mr. Denie S. Tampubolon as Independent Commissioner
                                           F. Approved the Changes in the Company’s Management
                                              Structure, so that the composition of the Company’s Board of
                                              Directors and Board of Commissioners is as follows:
                                              Board of Directors:
                                              • Mr. Bachtiar Soeria Atmadja: President Director
                                              • Mr. Stanley Iriawan: Director of Finance
                                              • Mr. Endro Hartanto: Director of Operations
                                              • Mr. Arief Prasetyo Handoyo: Director of Business
                                                  Development
                                              • Mrs. Hera Handayani: Director of Human Capital & General Affairs
                                              Board of Commissioners:
                                              • Mr. Nur Endro Buwono: President Commissioner
                                              • Mr. Wakhid Hasyim: Commissioner
                                              • Mr. Lusiaga Levi Susila: Independent Commissioner
                                              • Mr. Denie S. Tampubolon: Independent Commissioner

                                           G. To authorize with the right of substitution to all members of the
                                              Board of Directors of the Company to restate the resolutions
                                              of the Meeting in a notarial deed and subsequently notify the
                                              composition of the members of the Board of Directors and/or
                                              the Board of Commissioners of the Company to the Ministry
                                              of Law and Human Rights of the Republic of Indonesia and
                                              other Government agencies, and take all necessary actions
                                              in accordance with the provisions of applicable laws and
                                              regulations.
                                              The Meeting approved with total affirmative votes totaling
                                              4,221,466,845 shares or 99.12% of the total votes cast in the
                                              Meeting.


PENYELENGGARAAN RUPS TAHUNAN DI 2024                                   ANNUAL GMS IMPLEMENTATION IN 2024
Perseroan melaksanakan RUPS Tahunan berdasarkan Peraturan              The Company convened the AGM based on the Financial Services
Otoritas Jasa Keuangan No. 15/POJK.04/2020 tentang Rencana             Authority Regulation No. 15/POJK.04/2020 regarding the Plan and
dan Penyelenggaraan Rapat Umum Pemegang Saham Perusahaan               Implementation of General Meeting of Shareholders of Public
Terbuka dan Peraturan Otoritas Jasa Keuangan No. 16/                   Companies and Financial Services Authority Regulation No. 16/
POJK.04/2020 tentang Pelaksanaan Rapat Umum Pemegang                   POJK.04/2020 regarding the Implementation of Electronic General
Saham Perusahaan Terbuka secara Elektronik. Proses rencana dan         Meeting of Shareholders of Public Companies. The process of
pelaksanaan RUPS Perseroan telah tertuang dalam surat Perseroan        planning and implementing the Company’s GMS has been stated in
yang telah disampaikan kepada Otoritas Jasa Keuangan (OJK) serta       the Company’s letter submitted to the Financial Services Authority
melakukan pengumuman melalui situs web Bursa Efek Indonesia,           (OJK) as well as making announcements through the Indonesia Stock
situs Web eASY.KSEI dan situs web Perseroan.                           Exchange website, eASY.KSEI website and the Company’s website.

Selama tahun 2024, Perseroan menyelenggarakan 1 (satu) kali            During 2024, the Company held 1 (one) Annual GMS. The Annual
RUPS Tahunan. Pada pelaksanaan RUPS Tahunan untuk Kinerja              GMS for the 2023 Financial Year Performance held on May 15,
Tahun Buku 2023 yang diselenggarakan pada tanggal 15 Mei 2024,         2024 was chaired by Mr. Denie S. Tampubolon as Independent
rapat dipimpin oleh Bapak Denie S. Tampubolon selaku Komisaris         Commissioner by first stating that the implementation of the
Independen dengan terlebih dahulu menyampaikan bahwa                   GMS refers to the GMS rules that have been submitted to the
pelaksanaan RUPS mengacu pada tata tertib RUPS yang telah              Shareholders through the Company’s website before the Meeting
disampaikan kepada Pemegang Saham melalui web Perseroan                begins. The Chairman of the Meeting provided an opportunity to
sebelum Rapat dimulai. Pimpinan Rapat memberikan kesempatan            the Shareholders and/or their proxies to submit questions and/
kepada Pemegang Saham dan/atau kuasanya untuk mengajukan               or responses in writing to each agenda of the Meeting discussed.
pertanyaan dan/atau tanggapan secara tertulis atas setiap agenda
Rapat yang dibicarakan.




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Pimpinan Rapat atau Direktur yang ditunjuk oleh Pimpinan            The Chairman of the Meeting or the Director appointed by
Rapat menjawab pertanyaan dan/atau menanggapi pertanyaan,           the Chairman of the Meeting answered the questions and/
tanggapan dan/atau usulan Pemegang Saham. Setelah semua             or responded to the questions, responses and/or proposals of
pertanyaan dijawab dan ditanggapi selanjutnya dilakukan             the Shareholders. After all questions had been answered and
pemungutan suara dan hanya pemegang saham dan/atau                  responded, voting was held and only shareholders and/or their
kuasanya yang sah yang berhak untuk mengeluarkan suara.             authorized proxies were entitled to cast votes.

Tahapan tata waktu penyelenggaraan RUPS Tahunan Perseroan           The stages of the procedure for organizing the Company’s Annual
sepanjang 2024 sebagai berikut:                                     GMS throughout 2024 are as follows:


                                                                  Tanggal
 No.                      Aktivitas                                                                       Activity
                                                                   Date

       RUPS Tahunan Tahun Buku 2023                                                                 Annual GMS for Financial Year 2023
  1    Penyampaian rencana RUPS Tahunan kepada OJK           22 Maret 2024                       Submission of Annual GMS plans to OJK
                                                             March 22, 2024
  2    Pengumuman RUPS Tahunan                                1 April 2024                                     Announcement of AGMS
                                                              April 1, 2024
  3    Pemanggilan RUPS Tahunan                              16 April 2024                                           Invitation to AGMS
                                                             April 16, 2024
  4    Pelaksanaan RUPS Tahunan                               15 Mei 2024                                     Implementation of AGMS
                                                              May 15, 2024
  5    Penyampaian Ringkasan risalah RUPS Tahunan             16 Mei 2024              Submission of Summary of Minutes of Meeting of
                                                              May 16, 2024                                                    AGMS



KETENTUAN KUORUM                                                    QUORUM REQUIREMENTS
Kuorum kehadiran dan kuorum keputusan RUPS untuk mata acara         GMS attendance quorum and resolution quorum for the agenda
yang harus diputuskan dalam RUPS dilakukan dengan mengikuti         that must be decided on during the GMS are carried out by
ketentuan berdasarkan Peraturan Otoritas Jasa Keuangan dan          following the provisions based on the Financial Services Authority
Anggaran Dasar Perseroan. Dalam RUPS Tahunan tersebut telah         Regulation and the Company’s Articles of Association. In this
dihadiri oleh Pemegang Saham atau Kuasa Pemegang Saham              Annual GMS, attendants included the Company Shareholders or
Perseroan yang sah berjumlah 4.263.031.275 saham atau sebesar       authorized Shareholder Proxies which totalled 4.263.031.275
58,40969% dari jumlah saham dengan hak suara yang sah yang          shares or 58,40969% of the total shares with legal rights to vote as
telah dikeluarkan oleh Perseroan.                                   issued by the Company.

PROSES PERHITUNGAN SUARA DAN                                        PROCESS OF VOTE COUNTING AND
KETERLIBATAN PIHAK INDEPENDEN                                       INVOLVEMENT OF AN INDEPENDENT PARTY
Perhitungan suara dan prosedur pemungutan suara dalam RUPS          Vote counting and voting process in an GMS is explained in the
dijelaskan dalam tata tertib RUPS yang disampaikan kepada           GMS implementation procedures as conveyed to the Shareholders
Pemegang Saham melalui situs Perusahaan sebelum Rapat               through the Company website prior to the start of the Meeting.
dimulai. Adapun mekanisme pengambilan keputusan Rapat               The mechanism of the Meeting’s decision-making as regulated
yang diatur Tata Tertib Rapat dengan memperhatikan ketentuan        by the Meeting Procedures by taking into account the Company’s
Anggaran Dasar Perseroan dan peraturan yang berlaku.                Articles of Association and applicable regulation.

Perseroan telah menunjuk pihak independen yaitu Biro                The Company appointed an independent party, namely the
Administrasi Efek (BAE) PT Datindo Entrycom dan Kantor Notaris      Securities Administration Bureau of PT Datindo Entrycom and
Aulia Taufani, S.H., untuk menyampaikan penghitungan suara dan/     Notary Office of Aulia Taufani, S.H., to disclose the vote counting
atau melakukan validasi serta menyusun Berita Acara Rapat.          and/or to validate as well as prepare the Minutes of Meeting.

KEHADIRAN DEWAN KOMISARIS, DIREKSI,                                 ATTENDANCE OF THE BOARD OF
LEMBAGA, DAN PROFESI PENUNJANG PASAR                                COMMISSIONERS AND THE BOARD OF
MODAL DALAM RUPS TAHUNAN                                            DIRECTORS IN GMS
RUPS Tahunan dihadiri seluruh anggota Dewan Komisaris, Direksi,     The Annual GMS is attended by all members of the Board of
Pemegang Saham Mayoritas, dan Pemegang saham lainnya dan            Commissioners, the Board of Directors, Majority Shareholders
atau kuasanya dengan kuorum kehadiran adalah sebagai berikut:       and other Shareholders and/or proxies with attendance quorum
                                                                    as follows:




                                                                                          2024 Annual Report PT ELNUSA Tbk        265
Page 268
             TATA KELOLA PERUSAHAAN
             Corporate Governance




KEHADIRAN DEWAN KOMISARIS DAN DIREKSI DALAM RUPS TAHUNAN
Attendance of the Board of Commissioners, and the Board of Directors in the Annual GMS
                                 Nama                                                         Jabatan                        Kehadiran
                                 Name                                                         Position                       Attendance
RUPS Tahunan | Annual GMS
Nur Endro Buwono                                                                 Komisaris Utama                                Hadir
                                                                                 President Commissioner                       Attendant
Denie S. Tampubolon                                                              Komisaris Independen                           Hadir
(Pimpinan Rapat)                                                                 Independent Commissioner                     Attendant
(Chairman of Meeting)
Lusiaga Levi Susila                                                              Komisaris Independen                           Hadir
                                                                                 Independent Commissioner                     Attendant
Wakhid Hasyim                                                                    Komisaris                                      Hadir
                                                                                 Commissioner                                 Attendant
Bachtiar Soeria Atmadja                                                          Direktur Utama                                 Hadir
                                                                                 President Director                           Attendant
Stanley Iriawan                                                                  Direktur Keuangan                              Hadir
                                                                                 Director of Finance                          Attendant
Endro Hartanto                                                                   Direktur Operasi                               Hadir
                                                                                 Director of Operation                        Attendant
Arief Prasetyo Handoyo                                                           Direktur Pengembangan Usaha                    Hadir
                                                                                 Director of Business Development             Attendant
Hera Handayani                                                                   Direktur SDM & Umum                            Hadir
                                                                                 Director of Human Capital &                  Attendant
                                                                                 General Affairs


KEHADIRAN LEMBAGA DAN PROFESI PENUNJANG PASAR MODAL
Attendance of Capital Market Supporting Institutions and Professionals

                                                                 Kehadiran                                       Capital Market Supporting
 Lembaga Penunjang Pasar Modal
                                                                 Attendance                                              Institution

Notaris                          Notaris Aulia Taufani, S.H.                                                                              Notary
                                 Notary of Aulia Taufani, S.H.
Kantor Akuntan Publik            KAP Purwanto, Sungkoro & Surja – Ernst & Young                                         Public Accounting Firm
                                 Public Accounting Firm Purwanto, Sungkoro & Surja – Ernst & Young
Biro Administrasi Efek           PT Datindo Entrycom                                                           Securities Administration Bureau



                                                                 Kehadiran                                       Capital Market Supporting
 Lembaga Penunjang Pasar Modal
                                                                 Attendance                                              Institution

Biro Administrasi Efek                                       Hadir | Attendant                                 Securities Administration Bureau
Kantor Akuntan Publik                                        Hadir | Attendant                                          Public Accounting Firm
Notaris                                                      Hadir | Attendant                                                            Notary




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KEPUTUSAN RUPS TAHUNAN                                                RESOLUTION OF THE ANNUAL GMS
Perseroan telah menerbitkan keputusan RUPS Tahunan, yang              The Company has issued the resolutions of the AGM, the details of
rinciannya disampaikan di bawah ini.                                  which are presented below.

RUPS TAHUNAN 15 MEI 2024
Annual GMS May 15, 2024

                Mata Acara                                     Keputusan                                           Realisasi
 No.
                 Agenda                                        Resolution                                         Realization

  1    Persetujuan Laporan              1. Menyetujui Laporan Tahunan untuk Perseroan Tahun     Telah ditindaklanjuti
       Tahunan 2023 termasuk               Buku 2023 serta mengesahkan Laporan Keuangan
       Laporan Pengawasan Dewan            Perseroan untuk tahun buku yang berakhir 31 Desember
       Komisaris dan Pengesahan            2023 beserta penjelasannya yang telah diaudit
       Laporan Keuangan Perseroan          oleh Kantor Akuntan Publik Purwantono, Sungkoro
       yang berakhir pada tanggal          & Surja sebagaimana termuat dalam Laporan No.
       31 Desember 2023                    00100/2.1032/AU.1/02/1726-1/1/II/2024 tanggal 28
                                           Februari 2024 dengan pendapat “wajar dalam semua
                                           hal yang material”.
                                        2. Memberikan pelunasan dan pembebasan sepenuhnya
                                           dari tanggung jawab (volledig acquit et de charge)
                                           kepada Direksi atas tindakan pengurusan dan kepada
                                           Dewan Komisaris atas tindakan pengawasan yang
                                           telah dilakukan dalam Tahun Buku yang berakhir 31
                                           Desember 2023 sepanjang:
                                           a. Tindakan tersebut tercermin dalam Laporan Tahunan
                                               Perseroan (termasuk Laporan Keuangan) Tahun Buku
                                               yang berakhir 31 Desember 2023.
                                           b. Tindakan-tindakan tersebut bukan merupakan
                                               tindak pidana dan/atau perbuatan melawan hukum.

                                        Rapat menyetujui dengan total suara setuju berjumlah
                                        4.260.031.275 saham atau 99,93% dari total seluruh suara
                                        yang dikeluarkan dalam Rapat.
       Approval of the 2023 Annual      1. Approved the Annual Report for the Company for the       Followed-Up
       Report including the Board of       Financial Year 2023 and ratify the Company’s Financial
       Commissioners’ Supervisory          Statements for the financial year ended December 31,
       Report and Ratification of the      2023 along with its explanation which has been audited
       Company’s Financial Statements      by Public Accounting Firm Purwantono, Sungkoro
       which ended on December 31,         & Surja as contained in Report No. 00100/2.1032/
       2023                                AU.1/02/1726-1/1/II/2024 dated February 28, 2024
                                           with the opinion of “fair in all material respects”.
                                        2. Granted full release and discharge from liability
                                           (volledig acquit et de charge) to the Board of
                                           Directors for management actions and to the Board of
                                           Commissioners for supervisory actions taken during the
                                           Financial Year ended December 31, 2023 to the extent
                                           of:
                                           a. Such actions are reflected in the Company’s Annual
                                               Report (including Financial Statements) for the
                                               Financial Year ended December 31, 2023.
                                           b. Such actions do not constitute criminal and/or
                                               unlawful acts.

                                        The Meeting approved with a total of 4,260,031,275 shares
                                        or 99.93% of the total votes cast in the Meeting.




                                                                                             2024 Annual Report PT ELNUSA Tbk    267
Page 270
          TATA KELOLA PERUSAHAAN
          Corporate Governance




                Mata Acara                                       Keputusan                                             Realisasi
No.
                 Agenda                                          Resolution                                           Realization
 2    Penetapan Penggunaan Laba         1. Menyetujui menetapkan penggunaan Laba Bersih                 Tata cara pembayaran dividen tunai
      Bersih Perseroan Tahun Buku          Perseroan yang dapat diatribusikan kepada                    tahun buku 2023 tercantum dalam
      2023                                 pemilik entitas induk Tahun Buku 2023 sebesar                Pengumuman Hasil Keputusan RUPS
                                           Rp503.129.000.000 sebagai berikut:                           Tahunan yang telah dipublikasikan
                                           a. Sebesar Rp201.251.600.000 (dua ratus satu miliar          melalui situs web PT Bursa Efek
                                               dua ratus lima puluh satu juta enam ratus ribu           Indonesia (IDXnet), situs web eASY.KSEI
                                               Rupiah) atau 40% (empat puluh persen) dari Laba          dan situs web Perseroan pada tanggal
                                               Bersih Tahun Buku 2023 ditetapkan sebagai Dividen        16 Mei 2024.
                                               Tunai untuk Tahun Buku 2023.
                                           b. Sisanya sebesar Rp301.877.400.000 (tiga ratus satu        Pembayaran dividen tunai tahun buku
                                               miliar delapan ratus tujuh puluh tujuh juta empat        2023 telah direalisasikan pada tanggal
                                               ratus ribu Rupiah) atau 60% (enam puluh persen)          14 Juni 2024.
                                               dari Laba Bersih Tahun Buku 2023 akan menjadi Laba
                                               Ditahan atau Retained Earning Perseroan.
                                        2. Menyetujui memberi kuasa dan wewenang kepada
                                           Direksi untuk mengatur tata cara pembayaran dividen
                                           tunai tersebut.

                                        Rapat menyetujui dengan total suara setuju berjumlah
                                        4.259.235.375 saham atau 99,91% dari total seluruh suara
                                        yang dikeluarkan dalam Rapat.
      Determining the appropriation     1. Approved to determine the use of the Company’s               The procedure for the payment of cash
      of the Company’s Net Profit for      Net Income attributable to owners of the parent              dividends for the financial year 2023
      the Financial Year 2023              entity for the Financial Year 2023 amounting to              is stated in the Announcement of the
                                           Rp503,129,000,000 as follows:                                Resolutions of the Annual GMS which
                                           a. Rp201,251,600,000 (two hundred one billion two            has been published on the website
                                               hundred fifty one million six hundred thousand           of PT Bursa Efek Indonesia (IDXnet),
                                               Rupiah) or 40% (forty percent) of the Net Income for     eASY.KSEI website and the Company’s
                                               the Financial Year 2023 shall be designated as Cash      website on May 16, 2024.
                                               Dividend for the Financial Year 2023.
                                           b. The remaining amount of Rp301,877,400,000 (three          Payment of cash dividends for the
                                               hundred one billion eight hundred seventy-seven          financial year 2023 was realized on
                                               million four hundred thousand Rupiah) or 60% (sixty      June 14, 2024.
                                               percent) of the Net Profit for the Financial Year 2023
                                               shall be the Retained Earning of the Company.
                                        2. Approved to grant power and authority to the Board of
                                           Directors to regulate the procedures for payment of the
                                           cash dividends.

                                        The Meeting approved with a total of 4,259,235,375 shares
                                        or 99.91% of the total votes cast in the Meeting.
 3    Penetapan Tantiem Tahun 2023      1. Memberikan kuasa dan wewenang kepada Dewan                   Telah ditindaklanjuti
      dan Remunerasi Tahun 2024             Komisaris Perseroan dengan terlebih dahulu
      bagi Anggota Direksi dan Dewan        mendapatkan persetujuan Pemegang Saham Perseroan,
      Komisaris                             yaitu PT Pertamina Hulu Energi untuk menetapkan
                                            Tantiem bagi anggota Direksi dan Dewan Komisaris
                                            Perseroan untuk tahun buku 2023.
                                        2. Memberikan kuasa dan wewenang kepada Dewan
                                            Komisaris Perseroan, dengan terlebih dahulu mendapatkan
                                            persetujuan pemegang saham Perseroan, PT Pertamina
                                            Hulu Energi untuk menetapkan besaran gaji/honorarium,
                                            tunjangan dan fasilitas bagi anggota Direksi dan Dewan
                                            Komisaris Perseroan untuk tahun 2024.

                                        Rapat menyetujui dengan total suara setuju berjumlah
                                        4.260.011.175 saham atau 99,93% dari total seluruh suara
                                        yang dikeluarkan dalam Rapat.
      Determining the Tantiem of        1. Granted the power and authority to the Commpany’s            Followed-Up
      2023 and Remuneration of             Board of Commissioners with prior approval from the
      2024 for members of the Board        Company’s Shareholder, PT Pertamina Hulu Energi,
      of Directors and the Board of        to determine Tantiem for members of the Company’s
      Commissioners                        Board of Directors and the Board of Commissioners for
                                           the financial year 2023.
                                        2. Granted the power and authority to the Company’s
                                           Board of Commissioners with prior approval from the
                                           Company’s shareholder, PT Pertamina Hulu Energi to
                                           determine the amount of Tantiem for members of the
                                           Board of Directors and the Board of Commissioners for
                                           financial year 2023.

                                        The Meeting approved with a total of 4,260,011,175 shares
                                        or 99.93% of the total votes cast in the Meeting.


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                Mata Acara                                     Keputusan                                             Realisasi
No.
                 Agenda                                        Resolution                                           Realization
4     Penunjukan Akuntan Publik        Menyetujui memberikan kuasa dan melimpahkan                    Dewan Komisaris telah mengeluarkan
      dan/atau Kantor Akuntan Publik   kewenangan kepada Dewan Komisaris Perseroan untuk              Surat Keputusan No. L8.014C-2024.030
      untuk Melakukan Audit Laporan    menetapkan Akuntan Publik dan/atau Kantor Akuntan              tentang Hasil Pengadaan Kantor
      Keuangan Tahunan Perseroan       Publik (KAP) dalam rangka melakukan pemeriksaan atas           Akuntan Publik atas Jasa Audit Laporan
      Tahun Buku 2024                  Laporan Keuangan Perseroan untuk tahun buku yang               Keuangan Konsolidasian PT Elnusa
                                       berakhir pada tanggal 31 Desember 2024 berikut besaran         Tbk dan Anak Perusahaan untuk
                                       nilai jasanya, termasuk untuk menunjuk KAP pengganti           tahun yang berakhir pada tanggal 31
                                       bilamana karena sebab apapun juga berdasarkan ketentuan        Desember 2024.
                                       Pasar Modal di Indonesia apabila KAP yang ditunjuk tidak
                                       dapat melakukan tugasnya sesuai ketentuan dan peraturan        Mengacu pada surat tersebut, Dewan
                                       yang berlaku, dengan kriteria bahwa:                           Komisaris memutuskan menunjuk
                                       a. KAP yang ditunjuk Perseroan dikonsultasikan/                Kantor Akuntan Publik Purwanto,
                                           dikoordinasikan terlebih dahulu dengan PT Pertamina        Sungkoro & Surja (firma anggota
                                           Hulu Energi;                                               Ernst & Young Global Limited) dengan
                                       b. KAP terserbut terdaftar di Otoritas Jasa Keuangan;          Akuntan Publik Sdr. Irwan Haswir
                                       c. KAP tersebut masuk dalam data tabulasi KAP yang             untuk melakukan jasa audit Laporan
                                           diterbitkan oleh Kementrian BUMN.                          Keuangan Konsolidasian Perseroan dan
                                                                                                      Anak Perusahaan untuk tahun yang
                                       Rapat menyetujui dengan total suara setuju berjumlah           berakhir pada tanggal 31 Desember
                                       4.102.147.011 saham atau 96,23% dari total seluruh suara       2024 dengan imbalan jasa sebesar
                                       yang dikeluarkan dalam Rapat.                                  Rp3.264.415.000 (sudah termasuk PPh,
                                                                                                      namun belum termasuk PPN) dengan
                                                                                                      ruang lingkup audit umum.

                                                                                                      Direksi telah menyampaikan Laporan Hasil
                                                                                                      Penunjukan AP dan/atau KAP kepada OJK
                                                                                                      pada tanggal 5 November 2024.

                                                                                                      Perseroan telah menyampaikan Laporan
                                                                                                      Perubahan Akuntan Publik kepada OJK,
                                                                                                      yang semula Sdr. Irwan Haswir menjadi
                                                                                                      Sdr. Budi Hartono.
      Appointment of a Public          Approved to grant power and delegated authority to the         The Board of Commissioners has
      Accountant to Audit the          Company’s Board of Commissioners to determine the Public       issued Decree No. L8.014C-2024.030
      Company’s Annual Accounts for    Accountant and/or Public Accounting Firm (KAP) in order to     on the Result of Procurement of Public
      the Financial Year 2024          conduct an audit of the Company’s Financial Statements for     Accountant Firm for Audit Services of
                                       the financial year ending December 31, 2024 along with the     Consolidated Financial Statements of
                                       amount of service value, including to appoint a replacement    PT Elnusa Tbk and Subsidiaries for the
                                       KAP if for any reason based on the provisions of the Capital   year ending December 31, 2024.
                                       Market in Indonesia if the appointed KAP cannot perform its
                                       duties in accordance with applicable rules and regulations,    Referring to the letter, the Board of
                                       with the criteria that:                                        Commissioners decided to appoint
                                       a. The KAP appointed by the Company shall be consulted/        Public Accounting Firm Purwanto,
                                          coordinated with PT Pertamina Hulu Energi;                  Sungkoro & Surja (a member firm of
                                       b. The KAP is registered with the Financial Services           Ernst & Young Global Limited) with
                                          Authority;                                                  Public Accountant Mr. Irwan Haswir
                                       c. The KAP is included in the KAP tabulation data published    to conduct audit services of the
                                          by the Ministry of BUMN.                                    Consolidated Financial Statements
                                                                                                      of the Company and Subsidiaries for
                                       The Meeting approved with total affirmative votes totaling     the year ending December 31, 2024
                                       4,102,147,011 shares or 96.23% of the total votes cast in      with a service fee of Rp3,264,415,000
                                       the Meeting.                                                   (including income tax, but excluding
                                                                                                      VAT) with a general audit scope.

                                                                                                      The Board of Directors has submitted
                                                                                                      the AP and/or KAP Appointment
                                                                                                      Report to OJK on November 5, 2024.

                                                                                                      The Company has submitted a Change
                                                                                                      of Public Accountant Report to OJK,
                                                                                                      from Mr. Irwan Haswir to Mr. Budi
                                                                                                      Hartono.




                                                                                              2024 Annual Report PT ELNUSA Tbk          269
Page 272
          TATA KELOLA PERUSAHAAN
          Corporate Governance




               Mata Acara                                     Keputusan                                            Realisasi
No.
                Agenda                                        Resolution                                          Realization

 5    Persetujuan Perubahan Susunan   1. Memberhentikan dengan hormat anggota Dewan                 Telah ditindaklanjuti
      Pengurus Perseroan                 Komisaris terhitung sejak penutupan Rapat ini, dengan
                                         ucapan terima kasih atas sumbangan tenaga dan pikiran
                                         yang diberikan selama menjabat sebagai anggota
                                         Dewan Komisaris, sebagai berikut:
                                         a. Sdr. Nur Endro Buwono selaku Komisaris Utama,
                                            sehubungan dengan penyegaran organisasi
                                            sebagaimana mengacu pada Keputusan Pemegang
                                            Saham Secara Sirkuler PT Pertamina Hulu Energi
                                            tentang Penempatan Wakil Perseroan Sebagai
                                            Anggota Dewan Komisaris PT Elnusa Tbk tanggal 30
                                            April 2024.
                                         b. Sdr. Lusiaga Levi Susila selaku Komisaris Independen,
                                             sehubungan dengan penyegaran organisasi
                                             sebagaimana mengacu pada Keputusan Pemegang
                                             Saham Secara Sirkuler PT Pertamina Hulu Energi
                                             tentang Penempatan Wakil Perseroan Sebagai
                                             Anggota Dewan Komisaris PT Elnusa Tbk tanggal 30
                                             April 2024.
                                         c. Sdr. Wakhid Hasyim selaku Komisaris, sehubungan
                                             dengan penyegaran organisasi sebagaimana
                                             mengacu pada Keputusan Pemegang Saham
                                             Secara Sirkuler PT Pertamina Hulu Energi tentang
                                             Penempatan Wakil Perseroan Sebagai Anggota
                                             Dewan Komisaris PT Elnusa Tbk tanggal 30 April
                                             2024.
                                      2. Menyetujui pengangkatan anggota Dewan Komisaris
                                         Perseroan terhitung efektif sejak tanggal penutupan
                                         Rapat ini sampai dengan penutupan RUPS Tahunan
                                         ke-3 (ketiga) dengan tidak mengurangi hak RUPS untuk
                                         memberhentikan anggota Dewan Komisaris tersebut
                                         sewaktu-waktu sebelum masa jabatannya berakhir,
                                         sebagai berikut:
                                         a. Sdr. Eko Ariantoro sebagai Komisaris Utama
                                             merangkap Komisaris Independen.
                                         b. Sdr. Ariana Soemanto sebagai Komisaris.
                                         c. Sdr. Nur Endro Buwono sebagai Komisaris.
                                      3. Menyetujui Perubahan Susunan anggota Dewan
                                         Komisaris Perseroan, sehingga susunan anggota Dewan
                                         Komisaris Perseroan menjadi sebagai berikut:
                                         Dewan Komisaris:
                                         Sdr. Eko Ariantoro: Komisaris Utama merangkap
                                         Komisaris Independen
                                         Sdr. Nur Endro Buwono: Komisaris
                                         Sdr. Denie S. Tampubolon: Komisaris Independen
                                         Sdr. Ariana Soemanto: Komisaris

                                         Sedangkan untuk susunan anggota Direksi tidak
                                         mengalami perubahan, yaitu:
                                         Direksi:
                                         Sdr. Bachtiar Soeria Atmadja: Direktur Utama
                                         Sdr. Stanley Iriawan: Direktur Keuangan
                                         Sdr. Endro Hartanto: Direktur Operasi
                                         Sdr. Arief Prasetyo Handoyo: Direktur Pengembangan
                                         Usaha
                                         Sdri. Hera Handayani: Direktur SDM & Umum

                                      4. Memberikan kuasa dan wewenang kepada Direksi
                                         Perseroan dengan hak substitusi untuk melakukan
                                         segala tindakan yang diperlukan berkaitan dengan
                                         keputusan Mata Acara Rapat ini, termasuk
                                         untuk menyatakan dalam Akta Notaris tersendiri
                                         sebagian dan/atau seluruh keputusan Rapat serta
                                         memberitahukan perubahan susunan anggota Direksi
                                         dan Dewan Komisaris Perseroan kepada Kementerian
                                         Hukum dan Hak Asasi Manusia Republik Indonesia serta
                                         mendaftarkan kepada instansi yang berwenang, sesuai
                                         dengan ketentuan dan peraturan perundang-undangan
                                         yang berlaku.

                                      Rapat menyetujui dengan total suara setuju berjumlah
                                      3.790.214.007 saham atau 88,91% dari total seluruh suara
                                      yang dikeluarkan dalam Rapat.


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                Mata Acara                                   Keputusan                                               Realisasi
No.
                 Agenda                                      Resolution                                             Realization

      Approval of Changes in the   1. Honorably discharged the members of the Board of                Followed-Up
      Company’s Management            Commissioners as of the closing of this Meeting, with
      Structure.                      gratitude for the contribution of energy and thought
                                      given during their tenure as members of the Board of
                                      Commissioners, as follows:
                                      a. Mr. Nur Endro Buwono as President Commissioner,
                                          in connection with organizational refreshment as
                                          referred to the Circular Shareholder Decision of
                                          PT Pertamina Hulu Energi regarding the Placement
                                          of Company Representatives as Members of the
                                          Board of Commissioners of PT Elnusa Tbk dated
                                          30 April 2024.
                                      b. Mr. Lusiaga Levi Susila as Independent
                                          Commissioner, in connection with the organizational
                                          refreshment as referred to the Circular Shareholders’
                                          Resolution of PT Pertamina Hulu Energi on the
                                          Placement of the Company’s Representative as
                                          a Member of the Board of Commissioners of
                                          PT Elnusa Tbk dated 30 April 2024.
                                      c. Mr. Wakhid Hasyim as Commissioner, in connection
                                          with the organizational refreshment as referred
                                          to in the Circular Shareholders’ Resolution of
                                          PT Pertamina Hulu Energi on the Placement of the
                                          Company’s Representative as a Member of the
                                          Board of Commissioners of PT Elnusa Tbk dated 30
                                          April 2024.
                                   2. Approved the appointment of members of the Board
                                      of Commissioners of the Company effective as of the
                                      closing date of this Meeting until the closing of the
                                      3rd (third) Annual GMS without prejudice to the right
                                      of the GMS to dismiss the members of the Board of
                                      Commissioners at any time before their term of office
                                      ends, as follows:
                                      a. Mr. Eko Ariantoro as President Commissioner and
                                          concurrently Independent Commissioner.
                                      b. Mr. Ariana Soemanto as Commissioner.
                                      c. Mr. Nur Endro Buwono as Commissioner.
                                   3. Approved the changes in the composition of the
                                      Company’s Board of Commissioners, so that the
                                      composition of the Company’s Board of Commissioners
                                      is as follows:
                                      Board of Commissioners:
                                      Mr. Eko Ariantoro: President Commissioner Concurrently
                                      Independent Commissioner
                                      Mr. Nur Endro Buwono: Commissioner
                                      Mr. Denie S. Tampubolon: Independent Commissioner
                                      Mr. Ariana Soemanto: Commissioner

                                      Meanwhile, the composition of the Board of Directors
                                      has not changed, namely:
                                      Directors:
                                      Mr. Bachtiar Soeria Atmadja: President Director
                                      Mr. Stanley Iriawan: Director of Finance
                                      Mr. Endro Hartanto: Director of Operations
                                      Mr. Arief Prasetyo Handoyo: Director of Business
                                      Development
                                      Mrs. Hera Handayani: Director of Human Capital &
                                      General Affairs

                                   4. Granted power and authority to the Board of Directors of the
                                      Company with the right of substitution to take all necessary
                                      actions related to the resolutions of this Agenda, including
                                      to state in a separate Notarial Deed part and/or all of the
                                      resolutions of the Meeting and to notify the changes in the
                                      composition of the members of the Board of Directors and
                                      the Board of Commissioners of the Company to the Ministry
                                      of Law and Human Rights of the Republic of Indonesia and
                                      to register with the competent authorities, in accordance
                                      with the prevailing laws and regulations.
                                      The Meeting approved with a total affirmative votes of
                                      3,790,214,007 shares or 88.91% of the total votes cast in the
                                      Meeting.



                                                                                             2024 Annual Report PT ELNUSA Tbk     271
Page 274
           TATA KELOLA PERUSAHAAN
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PENYELENGGARAAN RUPS TAHUN                                          GMS IMPLEMENTATION IN THE PREVIOUS
SEBELUMNYA                                                          YEAR
Sepanjang tahun 2023, Perseroan mengadakan 1 (satu) kali RUPS       Throughout 2023, the Company held 1 (one) Annual GMS held
Tahunan yang diadakan di Ruang Udaya, Graha Elnusa Jl. TB.          at Udaya Room, Graha Elnusa Jl. TB. Simatupang Kav. 1B Jakarta
Simatupang Kav. 1B Jakarta 12560.                                   12560.


                     RUPS                                 Tanggal | Date                                  GMS
 RUPS Tahunan                                        6 Juni 2023 | June 6, 2023                                          Annual GMS


Proses penyelenggaraan Rapat Umum Pemegang Saham Tahunan            The implementation process of the Annual General Meeting
dilaksanakan berdasarkan Peraturan Otoritas Jasa Keuangan No.       of Shareholders and the Extraordinary General Meeting
15/POJK.04/2020 tentang Rencana dan Penyelenggaraan Rapat           of Shareholders is carried out based on Financial Services
Umum Pemegang Saham Perusahaan Terbuka dan Peraturan                Authority Regulation No. 15/POJK.04/2020 regarding Plans and
Otoritas Jasa Keuangan No. 16/POJK.04/2020 tentang Pelaksanaan      Implementation of General Meeting of Shareholders of Public
Rapat Umum Pemegang Saham Perusahaan Terbuka secara                 Companies and Financial Services Authority Regulation No. 16/
Elektronik. Proses rencana dan pelaksanaan RUPS Perseroan telah     POJK.04/2020 concerning the Implementation of the Electronic
tertuang dalam surat Perseroan yang telah disampaikan kepada        General Meeting of Shareholders of Public Companies. The
Otoritas Jasa Keuangan (OJK) serta melakukan pengumuman             planning and implementation process of the Company’s GMS is
melalui situs web Bursa Efek Indonesia, situs Web eASY.KSEI dan     provided in the Company letter submitted to the Financial Services
situs web Perseroan.                                                Authority (OJK) as well as through the announcement made
                                                                    through the Indonesia Stock Exchange website, the eASY.KSEI
                                                                    website and the Company’s website.

Pada seluruh pelaksanaan RUPS, rapat dipimpin oleh Bapak Wakhid     In all GMS implementation, the meeting was chaired by Agus
Hasyim selaku Komisaris dengan terlebih dahulu menyampaikan         Prabowo as President Commissioner who first conveyed that the
bahwa pelaksanaan RUPS mengacu pada tata tertib RUPS                GMS implementation referred to the GMS rules and regulations
yang telah disampaikan kepada Pemegang Saham melalui web            as submitted to the Shareholders through the Company’s website
Perseroan sebelum Rapat dimulai. Pimpinan Rapat memberikan          before the Meeting started. Chairman of the Meeting extended
kesempatan kepada Pemegang Saham dan/atau kuasanya untuk            the opportunity to the Shareholders and/or proxies to pose
mengajukan pertanyaan dan/atau tanggapan secara tertulis atas       questions and/or response in writing for each of the discussed
setiap agenda Rapat yang dibicarakan.                               Meeting agenda.

Pimpinan Rapat atau Direktur yang ditunjuk oleh Pimpinan            Chairman of the Meeting or Director appointed by the Meeting
Rapat menjawab pertanyaan dan/atau menanggapi pertanyaan,           Chairman answered and/or responded to the questions, responses
tanggapan dan/atau usulan Pemegang Saham. Setelah semua             and/or suggestions from the Shareholders. After all questions are
pertanyaan dijawab dan ditanggapi selanjutnya dilakukan             answered and responded, subsequently voting is cast and only
pemungutan suara dan hanya pemegang saham dan/atau                  the shareholders and/or legitimate proxies have the right to cast
kuasanya yang sah yang berhak untuk mengeluarkan suara.             their votes.

Berikut adalah tahapan tata waktu penyelenggaraan RUPS              Following is the timeline states in the Company’s GMS
Perseroan sepanjang 2023:                                           implementation during the year 2023:


                                                                  Tanggal
 No.                        Aktivitas                                                                    Activity
                                                                   Date

       RUPS Tahunan Tahun Buku 2022                                                                Annual GMS for Financial Year 2022
  1    Penyampaian rencana RUPS Tahunan kepada OJK           24 Februari 2023                   Submission of Annual GMS plans to OJK
                                                            February 24, 2023
  2    Pengumuman RUPS Tahunan                                3 Maret 2023                              Announcement of Annual GMS
                                                              March 3, 2023
  3    Pemanggilan RUPS Tahunan                              20 Maret 2023                                   Invitation to Annual GMS
                                                             March 20, 2023
  4    Pemanggilan Ulang RUPS Tahunan                         13 April 2023                               Re-invitation to Annual GMS
                                                              April 13, 2023




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                                                                  Tanggal
 No.                       Aktivitas                                                                      Activity
                                                                   Date

  5     Pelaksanaan RUPS Tahunan                               6 Juni 2023                              Implementation of Annual GMS
                                                              June 6, 2023
  6     Penyampaian Ringkasan risalah RUPS Tahunan             7 Juni 2023              Submission of Summary of Minutes of Meeting of
                                                              June 7, 2023                                                Annual GMS



KETENTUAN KUORUM                                                    QUORUM REQUIREMENTS
Kuorum kehadiran dan kuorum keputusan RUPS untuk mata acara         GMS attendance quorum and resolution quorum for the agenda
yang harus diputuskan dalam RUPS dilakukan dengan mengikuti         that must be decided on during the GMS are carried out by
ketentuan berdasarkan Peraturan Otoritas Jasa Keuangan dan          following the provisions based on the Financial Services Authority
Anggaran Dasar Perseroan. Dalam RUPS Tahunan tersebut telah         Regulation and the Company’s Articles of Association. In this
dihadiri oleh Pemegang Saham atau Kuasa Pemegang Saham              Annual GMS, attendants included the Company Shareholders or
Perseroan yang sah berjumlah 4.436.821.143 saham atau sebesar       authorized Shareholder Proxies which totalled 4.436.821.143
60,79086% dari jumlah saham dengan hak suara yang sah yang          shares or 60,79086% of the total shares with legal rights to vote as
telah dikeluarkan oleh Perseroan.                                   issued by the Company.

PROSES PERHITUNGAN SUARA DAN                                        PROCESS OF VOTE COUNTING AND
KETERLIBATAN PIHAK INDEPENDEN                                       INVOLVEMENT OF AN INDEPENDENT PARTY
Perhitungan suara dan prosedur pemungutan suara dalam RUPS          Vote counting and voting process in an GMS is explained in the
dijelaskan dalam tata tertib RUPS yang disampaikan kepada           GMS implementation procedures as conveyed to the Shareholders
Pemegang Saham melalui situs Perusahaan sebelum Rapat               through the Company website prior to the start of the Meeting.
dimulai. Adapun mekanisme pengambilan keputusan Rapat               The mechanism of the Meeting’s decision-making as regulated
yang diatur Tata Tertib Rapat dengan memperhatikan ketentuan        by the Meeting Procedures by taking into account the Company’s
Anggaran Dasar Perseroan dan peraturan yang berlaku.                Articles of Association and applicable regulation.

Perseroan telah menunjuk pihak independen yaitu Biro                The Company appointed an independent party, namely the
Administrasi Efek (BAE) PT Datindo Entrycom dan Kantor Notaris      Securities Administration Bureau of PT Datindo Entrycom and
Aulia Taufani, S.H., untuk menyampaikan penghitungan suara dan/     Notary Office of Aulia Taufani, S.H., to disclose the vote counting
atau melakukan validasi serta menyusun Berita Acara Rapat.          and/or to validate as well as prepare the Minutes of Meeting.

KEHADIRAN DEWAN KOMISARIS, DIREKSI,                                 ATTENDANCE OF THE BOARD OF
LEMBAGA, DAN PROFESI PENUNJANG PASAR                                COMMISSIONERS AND THE BOARD OF
MODAL DALAM RUPS                                                    DIRECTORS IN GMS
RUPS Tahunan dihadiri seluruh anggota Dewan Komisaris, Direksi,     The Annual GMS is attended by all members of the Board of
Pemegang Saham Mayoritas, dan Pemegang saham lainnya dan            Commissioners, the Board of Directors, Majority Shareholders
atau kuasanya dengan kuorum kehadiran adalah sebagai berikut:       and other Shareholders and/or proxies with attendance quorum
                                                                    as follows:

KEHADIRAN DEWAN KOMISARIS DAN DIREKSI DALAM RUPS DI TAHUN 2023
Attendance of the Board of Commissioners, and the Board of Directors in the GMS in 2023
                                   Nama                                                  Jabatan                     Kehadiran
                                   Name                                                  Position                    Attendance
 RUPS | GMS
 Agus Prabowo                                                               Komisaris Utama                             Hadir
                                                                            President Commissioner                    Attendant
 Lusiaga Levi Susila                                                        Komisaris Independen                        Hadir
                                                                            Independent Commissioner                  Attendant
 Hernawan Bekti Sasongko                                                    Komisaris Independen                        Hadir
                                                                            Independent Commissioner                  Attendant
 Wakhid Hasyim                                                              Komisaris                                   Hadir
 (Pimpinan Rapat)                                                           Commissioner                              Attendant
 (Chairman of Meeting)
 John Hisar Simamora                                                        Direktur Utama                              Hadir
                                                                            President Director                        Attendant




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                                 Nama                                                         Jabatan                            Kehadiran
                                 Name                                                         Position                           Attendance
Bachtiar Soeria Atmadja                                                          Direktur Keuangan                                 Hadir
                                                                                 Director of Finance                             Attendant
Charles Harianto Lumbantobing                                                    Direktur Operasi                                  Hadir
                                                                                 Director of Operation                           Attendant
Ratih Esti Prihatini                                                             Direktur Pengembangan Usaha                       Hadir
                                                                                 Director of Business Development                Attendant
Tenny Elfrida                                                                    Direktur SDM & Umum                               Hadir
                                                                                 Director of Human Capital &                     Attendant
                                                                                 General Affairs


KEHADIRAN LEMBAGA DAN PROFESI PENUNJANG PASAR MODAL
Attendance of Capital Market Supporting Institutions and Professionals

                                                                 Kehadiran                                        Capital Market Supporting
 Lembaga Penunjang Pasar Modal
                                                                 Attendance                                               Institution

Notaris                          Notaris Aulia Taufani, S.H.                                                                                 Notary
                                 Notary of Aulia Taufani, S.H.
Kantor Akuntan Publik            KAP Purwanto, Sungkoro & Surja – Ernst & Young                                           Public Accounting Firm
                                 Public Accounting Firm Purwanto, Sungkoro & Surja – Ernst & Young
Biro Administrasi Efek           PT Datindo Entrycom                                                           Securities Administration Bureau



                                                                 Kehadiran                                        Capital Market Supporting
 Lembaga Penunjang Pasar Modal
                                                                 Attendance                                               Institution

Biro Administrasi Efek                                       Hadir | Attendant                                 Securities Administration Bureau
Kantor Akuntan Publik                                        Hadir | Attendant                                            Public Accounting Firm
Notaris                                                      Hadir | Attendant                                                               Notary


KEPUTUSAN RUPS TAHUNAN                                                 RESOLUTION OF THE ANNUAL GMS
Perseroan telah menerbitkan keputusan RUPS Tahunan, yang               The Company has issued the resolutions of the AGM, the details of
rinciannya disampaikan di bawah ini.                                   which are presented below.

RUPS TAHUNAN 6 JUNI 2023
Annual GMS June 6, 2023

                   Mata Acara                                    Keputusan                                              Realisasi
 No.
                    Agenda                                       Resolution                                            Realization

  1    Persetujuan Laporan Tahunan     A. Menyetujui dan mengesahkan Laporan Tahunan                     Telah ditindaklanjuti
       2022 termasuk Laporan              Perseroan Tahun Buku 2022, termasuk Laporan
       Pengawasan Dewan Komisaris         Pengawasan Dewan Komisaris Perseroan Tahun Buku
       dan Pengesahan Laporan             2022;
       Keuangan Perseroan yang         B. Mengesahkan Laporan Keuangan Konsolidasian
       berakhir pada tanggal 31           Perseroan dan Entitas Anak untuk Tahun Buku yang
       Desember 2022                      berakhir pada tanggal 31 Desember 2022 beserta
                                          penjelasannya yang telah diaudit oleh Kantor Akuntan
                                          Publik Purwantono, Sungkoro & Surja sebagaimana
                                          termuat dalam Laporan No. 00130/2.1032/
                                          AU.1/02/0697-2/1/II/2023 tanggal 27 Februari 2023
                                          dengan pendapat “Wajar dalam semua hal yang
                                          material”. Dengan demikian memberikan pelunasan
                                          dan pembebasan tanggung jawab sepenuhnya kepada
                                          Direksi atas tindakan pengurusan dan kepada Dewan
                                          Komisaris atas tindakan pengawasan yang dilakukan
                                          dalam Tahun Buku yang berakhir 31 Desember 2022
                                          sepanjang:




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                Mata Acara                                    Keputusan                                             Realisasi
No.
                 Agenda                                       Resolution                                           Realization

                                         1. Tindakan-tindakan tersebut tercermin dalam
                                            Laporan Tahunan Perseroan (termasuk laporan
                                            keuangan) Tahun Buku yang berakhir 31 Desember
                                            2022.
                                         2. Tindakan-tindakan tersebut bukan merupakan
                                            tindak pidana dan/atau perbuatan melawan hukum.

                                      Rapat menyetujui dengan jumlah suara setuju berjumlah
                                      4.436.777.143 saham atau 99,99% dari total seluruh suara
                                      yang dikeluarkan dalam Rapat.
      Approval of the 2022 Annual     A. Approved and ratified the Company Annual Report             Followed-Up
      Report including the Board of      for the Financial Year 2022, including the Supervisory
      Commissioners Supervisory          Report of the Company’s Board of Commissioners for
      Report and Ratification of         the Financial Year 2022;
      the Company’s Financial         B. Ratification of the Consolidated Financial Statements
      Statements which ended on          of the Company and Subsidiaries for the Financial
      December 31, 2022                  Year which ended on December 31, 2022 and its
                                         explanations audited by the Public Accounting Firm
                                         Purwantono, Sungkoro & Surja as contained in
                                         the Report No. 00130/2.1032/AU.1/02/0697-2/1/
                                         II/2023 dated February 27, 2023 with the opinion of
                                         “Reasonable in all material matters”. Thereby granting
                                         full release and discharge from responsibility (Volledig
                                         Acquite et de Charge) to the Board of Directors for
                                         management actions and to the Board of commissioners
                                         for supervisory actions carried out I the Financial Year
                                         which ended on December 31, 2022 to the extent of:
                                         1. These actions are reflected in the Company’s Annual
                                              Report (including financial statements) for the
                                              Financial Year which ended on December 31, 2022.
                                         2. These actions do not constitute criminal and/or
                                              unlawful acts.

                                      The Meeting approved with total affirmative votes totalling
                                      to 4,436,777,143 shares or 99,99% of the total votes validly
                                      cast in the meeting.
2     Penetapan penggunaan Laba       A. Menyetujui menetapkan penggunaan laba bersih                Tata cara pembayaran dividen tunai
      Bersih Perseroan Tahun Buku        Perseroan (yang diatribusikan kepada pemilik entitas        tahun buku 2022 tercantum dalam
      2022                               induk) untuk Tahun Buku 2022 yang tercatat sebesar          Pengumuman Hasil Keputusan RUPS
                                         Rp378.064.598.287 (tiga ratus tujuh puluh delapan           Tahunan yang telah dipublikasikan
                                         miliar enam puluh empat juta lima ratus sembilan puluh      melalui situs web PT Bursa Efek
                                         delapan ribu dua ratus delapan puluh tujuh Rupiah)          Indonesia (IDXnet), situs web eASY.KSEI
                                         sebagai berikut:                                            dan situs web Perseroan pada tanggal
                                         1. Sebesar Rp189.032.299.143,50 (seratus delapan            7 Juni 2023.
                                             puluh sembilan miliar tiga puluh dua juta dua ratus
                                             sembilan puluh sembilan ribu seratus empat puluh        Pembayaran dividen tunai tahun buku
                                             tiga koma lima puluh Rupiah) atau 50% dari Laba         2022 telah direalisasikan pada tanggal
                                             Bersih Tahun Buku 2022 ditetapkan sebagai Dividen       6 Juli 2023.
                                             Tunai untuk Tahun Buku 2022.
                                         2. Sisanya sebesar Rp189.032.299.143,50 (seratus
                                             delapan puluh sembilan miliar tiga puluh dua juta
                                             dua ratus sembilan puluh sembilan ribu seratus
                                             empat puluh tiga koma lima puluh Rupiah) atau 50%
                                             dari Laba Bersih Tahun Buku 2022 akan menjadi Laba
                                             Ditahan atau Retained Earning Perseroan.
                                      B. Menyetujui memberi kuasa dan wewenang kepada
                                         Direksi untuk mengatur tata cara pembayaran dividen
                                         tunai termaksud.

                                      Rapat menyetujui dengan jumlah suara setuju berjumlah
                                      4.436.777.143 saham atau 99,99% dari total seluruh suara
                                      yang dikeluarkan dalam Rapat.




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                Mata Acara                                      Keputusan                                            Realisasi
No.
                 Agenda                                         Resolution                                          Realization

      Determining the appropriation     A. Approved to determine the appropriation of the             The Procedure for Payment of Cash
      of the Company’s Net Profit for      Company’s net profit (attributable to the owners of        Dividends for the Financial Year 2022
      the Financial Year 2022              the parent entity) for the Financial Year 2022 which       is stated in the Announcement of
                                           recorded a total of Rp378,064,598,287 (three hundred       the Resolutions of the Annual GMS
                                           seventy-eight billion sixty-four million five hundred      published on PT Indonesia Stock
                                           ninety-eight thousand two hundred eighty-seven             Exchange (IDXNet), eASY. KSEI website
                                           Rupiah) as follows:                                        and the Company website on June 7,
                                           1. An amount of Rp189,032,299,143.50 (one hundred          2023.
                                               eightynine billion thirty-two million two hundred
                                               ninety-nine thousand one hundred forty-three           Payment of Cash Dividends for the
                                               point fifty Rupiah) or 50% of the Net Profit for the   Financial Year 2021 was made on July
                                               Financial Year 2022 is determined as Cash Dividend     6, 2023.
                                               for the Financial Year 2022.
                                           2. Remaining amount of Rp189,032,299,143.50 (one
                                               hundred eighty-nine billion thirty-two million two
                                               hundred ninetynine thousand one hundred forty-
                                               three point fifty Rupiah) or 50% of the total Net
                                               Profit of the Financial Year 2022 as the Company’s
                                               Retained Earning.
                                        B. Approved to provide proxy and authority to the Board
                                           of Directors to regulate the procedures to pay the
                                           concerned cash dividends.

                                        The Meeting approved with total affirmative votes of
                                        4,436,777,143 shares or 99,99% of the total votes cast in
                                        the Meeting.
 3    Penetapan Tantiem tahun 2022      A. Tantiem                                                    Telah ditindaklanjuti
      dan Remunerasi tahun 2023            Menyetujui memberikan kuasa dan wewenang kepada
      bagi anggota Direksi dan Dewan       Dewan Komisaris Perseroan dengan terlebih dahulu
      Komisaris                            mendapatkan persetujuan Pemegang Saham Pengendali
                                           Perseroan, yaitu PT Pertamina Hulu Energi untuk
                                           menetapkan tantiem bagi anggota Direksi dan Dewan
                                           Komisaris Perseroan untuk tahun buku 2022.
                                        B. Remunerasi
                                           Menyetujui memberikan kuasa dan wewenang kepada
                                           Dewan Komisaris Perseroan dengan terlebih dahulu
                                           mendapatkan persetujuan Pemegang Saham Pengendali
                                           Perseroan, yaitu PT Pertamina Hulu Energi untuk
                                           menetapkan besarnya gaji/ honorarium, tunjangan
                                           dan fasilitas bagi anggota Direksi dan Dewan Komisaris
                                           Perseroan untuk tahun 2023.

                                        Rapat menyetujui dengan jumlah suara setuju berjumlah
                                        4.432.869.843 saham atau 99,91% dari total seluruh suara
                                        yang dikeluarkan dalam Rapat.
      Determining the Tantiem of        A. Tantiem                                                    Followed-Up
      2022 and Remuneration in             Approved the granting of power and authority to the
      2023 for members of the Board        Company’s Board of Commissioners with prior approval
      of Directors and the Board of        from the Company’s Controlling Shareholders, namely
      Commissioners                        PT Pertamina Hulu Energi to determine the tantiem for
                                           members of the Company’s Board of Directors and the
                                           Board of Commissioners for the financial year 2022.
                                        B. Remuneration
                                           Approved the granting of power and authority to the
                                           Board of Commissioners of the Company with prior
                                           approval from the Company’s Controlling Shareholder,
                                           namely PT Pertamina Hulu Energi to determine the
                                           amount of salary/honorarium, allowances and facilities
                                           for members of the Board of Directors and the Board of
                                           Commissioners of the Company for the year 2023.

                                        The Meeting approved with a total affirmative votes of
                                        4,432,869,843 shares or 99,91% of the total votes cast in
                                        the Meeting.




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                Mata Acara                                        Keputusan                                             Realisasi
No.
                 Agenda                                           Resolution                                           Realization

4     Penunjukan Akuntan Publik           Menyetujui mendelegasikan wewenang kepada Dewan                Dewan Komisaris telah mengeluarkan
      untuk melakukan audit Laporan       Komisaris Perseroan untuk menunjuk Akuntan Publik              Surat Keputusan No. L8.014C-2023.023
      Keuangan Tahunan Perseroan          Independen dari Kantor Akuntan Publik (KAP) dalam rangka       tentang Hasil Pengadaan Kantor
      Tahun Buku 2023                     melakukan pemeriksaan atas Laporan Keuangan Perseroan          Akuntan Publik atas Jasa Audit Laporan
                                          untuk tahun buku yang berakhir pada tanggal 31 Desember        Keuangan Konsolidasian PT Elnusa Tbk
                                          2023 berikut besaran nilai jasanya, termasuk untuk             dan Anak Perusahaan untuk tahun
                                          menunjuk KAP pengganti bilamana karena sebab apapun            yang berakhir pada tanggal 31
                                          juga berdasarkan ketentuan Pasar Modal di Indonesia            Desember 2023.
                                          apabila KAP yang ditunjuk tidak dapat melakukan tugasnya
                                          sesuai ketentuan dan peraturan yang berlaku, dengan            Mengacu pada surat tersebut, Dewan
                                          kriteria bahwa:                                                Komisaris memutuskan menunjuk
                                          a. KAP yang ditunjuk Perseroan dikonsultasikan/                Kantor Akuntan Publik Purwanto,
                                              dikoordinasikan terlebih dahulu dengan PT Pertamina        Sungkoro & Surja (firma anggota
                                              Hulu Energi;                                               Ernst & Young Global Limited) dengan
                                          b. KAP tersebut terdaftar di Otoritas Jasa Keuangan;           Akuntan Publik Sdr. Irwan Haswir
                                          c. KAP tersebut masuk dalam data tabulasi KAP yang             untuk melakukan jasa audit Laporan
                                              diterbitkan oleh Kementerian BUMN.                         Keuangan Konsolidasian Perseroan dan
                                                                                                         Anak Perusahaan untuk tahun yang
                                          Sesuai dengan Pasal 59 ayat 3 huruf (a) POJK 15/2020           berakhir pada tanggal 31 Desember
                                          pelimpahan kewenangan dan kuasa kepada Dewan                   2023 dengan imbalan jasa sebesar
                                          Komisaris Perseroan dilakukan dengan alasan penunjukan         Rp2.900.000.000 (sudah termasuk PPh,
                                          KAP akan dikonsultasikan/dikoordinasikan dengan                namun belum termasuk PPN) dengan
                                          Pemegang Saham Pengendali dikarenakan untuk                    ruang lingkup pemeriksaan umum.
                                          kemudahan dan ketepatan waktu laporan konsolidasian
                                          PT Pertamina Hulu Energi.                                      Direksi telah menyampaikan Laporan
                                                                                                         Hasil Penunjukan AP dan/atau KAP
                                          Rapat menyetujui dengan jumlah suara setuju berjumlah          kepada OJK pada tanggal 27 Oktober
                                          4.241.791.416 saham atau 95,60% dari total seluruh suara       2023.
                                          yang dikeluarkan dalam Rapat.
      Appointment of a Public             Approved to delegate the authority to the board of             The Board of Commissioners issued
      Accountant to Audit the             Commissioners of the Company to appoint an Independent         Decree No. L8.014C-2023.023
      Company’s Annual Financial          Public Accountant from a Public Accounting Firm (KAP)          regarding Result of Procurement of
      Statements for the Financial Year   for the audit of the Company’s Financial Statements for        Public Accounting Office for Audit
      2023                                the financial year which ended on December 31, 2023,           Services of the Consolidated Financial
                                          along with the amount of service value, including for the      Statements of PT Elnusa Tbk and
                                          appointment of a KAP replacement in the event that for         Subsidiaries for the year ending on
                                          any reason, based on the provisions of the Capital Markets     December 31, 2023.
                                          in Indonesia, the assigned KAP is unable to complete the
                                          assignment in accordance with applicable provisions and        Referring to the letter, The Board of
                                          regulations, with the following criteria:                      Commissioners decided to appoint
                                          a. The KAP appointed by the Company to be consulted/           Public Accounting Firm Purwantono,
                                              coordinated in advance with PT Pertamina Hulu Energi;      Sungkoro and Surja (member firm
                                          b. The concerned KAP is registered in the Financial Services   of Ernst & Young) with Irwan Hazwir
                                              Authority;                                                 to audit the Consolidated Financial
                                          c. The concerned KAP is included in the KAP tabulation         Statements for the year ending on
                                              data published by the Ministry of BUMN.                    December 31, 2023 with services fee
                                                                                                         of Rp2,900,000,000 (including PPh
                                          According to Article 59 paragraph 3 point (a) of POJK          tax, excluding PPN tax) with general
                                          15/2020 on the delegation of authority and power to the        inspection scope of work.
                                          Board of Commissioners is carried out on the grounds that
                                          the appointment of KAP will be consulted/coordinated with      The Board of Directors submitted the
                                          the Controlling Shareholders due to the convenience and        Report on the Appointment of AP and/
                                          timeliness of the consolidated report of PT Pertamina Hulu     or KAP Result to OJK on October 27,
                                          Energi.                                                        2023.

                                          The Meeting approved with a total affirmative votes of
                                          4,241,791,416 shares or 95.60% of the total votes cast in
                                          the Meeting.
5     Persetujuan Perubahan Susunan       A. Memberhentikan dengan hormat Sdri. Tenny Elfrida            Telah ditindaklanjuti
      Pengurus Perseroan                     selaku Direktur SDM & Umum dengan alasan telah
                                             selesainya satu periode masa jabatan terhitung efektif
                                             sejak penutupan RUPS ini, dengan ucapan terima kasih
                                             atas sumbangan tenaga dan pikiran yang diberikan
                                             selama menjabat sebagai Direktur SDM & Umum.




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                Mata Acara                                     Keputusan                                             Realisasi
No.
                 Agenda                                        Resolution                                           Realization

                                       B. Menyetujui pengangkatan Sdri. Hera Handayani selaku
                                          Direktur SDM & Umum Perseroan terhitung efektif sejak
                                          penutupan RUPS ini sampai dengan penutupan RUPS
                                          Tahunan ke-3 (ketiga) dengan tidak mengurangi hak
                                          RUPS untuk memberhentikan anggota Direksi tersebut
                                          sewaktu-waktu sebelum masa jabatannya berakhir.
                                       C. Mengangkat kembali Sdr. Agus Prabowo selaku
                                          Komisaris Utama Perseroan terhitung efektif sejak
                                          penutupan RUPS ini sampai dengan penutupan RUPS
                                          Tahunan ke-3 (ketiga) dengan tidak mengurangi hak
                                          RUPS untuk memberhentikan anggota Dewan Komisaris
                                          sewaktu-waktu sebelum masa jabatannya berakhir.
                                       D. Menyetujui Perubahan Susunan Direksi Perseroan,
                                          sehingga susunan Direksi Perseroan menjadi sebagai
                                          berikut:
                                          1. Sdr. John Hisar Simamora: Direktur Utama
                                          2. Sdr. Bachtiar Soeria Atmadja: Direktur Keuangan
                                          3. Sdr. Charles Harianto Lumbantobing: Direktur
                                              Operasi
                                          4. Sdri. Ratih Esti Prihatini: Direktur Pengembangan
                                              Usaha
                                          5. Sdri. Hera Handayani: Direktur SDM & Umum

                                          Sedangkan untuk susunan Dewan Komisaris Perseroan
                                          tidak mengalami perubahan, yaitu:
                                          1. Sdr. Agus Prabowo: Komisaris Utama
                                          2. Sdr. Wakhid Hasyim: Komisaris
                                          3. Sdr. Lusiaga Levi Susila: Komisaris Independen
                                          4. Sdr. Hernawan Bekti Sasongko: Komisaris
                                              Independen
                                       E. Memberikan kuasa dan wewenang kepada Direksi
                                          Perseroan dengan hak substitusi untuk melakukan
                                          segala tindakan yang diperlukan berkaitan dengan
                                          keputusan Mata Acara Rapat ini, termasuk
                                          untuk menyatakan dalam Akta Notaris tersendiri
                                          sebagian dan/atau seluruh keputusan Rapat serta
                                          memberitahukan perubahan Direksi dan/atau Dewan
                                          Komisaris Perseroan kepada Kementerian Hukum
                                          dan Hak Asasi Manusia Republik Indonesia serta
                                          mendaftarkan kepada instansi yang berwenang, sesuai
                                          dengan ketentuan dan peraturan perundang-undangan
                                          yang berlaku.

                                       Rapat menyetujui dengan jumlah suara setuju berjumlah
                                       3.934.288.268 saham atau 88,67% dari total seluruh suara
                                       yang dikeluarkan dalam Rapat.
      Approval of the Changes in the   A. Honorably discharged Tenny Elfrida as Director of           Followed-Up
      Company’s Management                Human Capital & General Affairs with the completion
                                          of the term of office for one period effective as of the
                                          closing of the GMS, in gratitude for the contribution
                                          given during her term of office as Director of Human
                                          Capital & General Affairs.
                                       B. Approved the appointment of Hera Handayani as the
                                          Company’s Director of Human Capital & General Affairs
                                          effective as of the closing of the 3rd (third) Annual GMS
                                          without prejudice to the right of the GMS to dismiss
                                          the concerned member of the Board of Directors at any
                                          time before the term of office ends.
                                       C. Reappointed Agus Prabowo as the President
                                          Commissioner of the Company effective as of the
                                          closing of this GMS until the closing of the 3rd (third)
                                          Annual GMS without prejudice of the rights of the GMS
                                          to dismiss at any time of the concerned member of the
                                          Board of Commissioners before the term of office ends.




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      Mata Acara                           Keputusan                                         Realisasi
No.
       Agenda                              Resolution                                       Realization

                   D. Approved the Changes in Composition of the Company’s
                      Board of Directors that the composition of the Board of
                      Directors of the Company is as follows:
                      1. John Hisar Simamora: President Director
                      2. Bachtiar Soeria Atmadja: Director of Finance
                      3. Charles Harianto Lumbantobing: Director of
                          Operation
                      4. Ratih Esti Prihatini: Director of Business
                          Development
                      5. Hera Handayani: Director of Human Capital &
                          General Affairs

                      The composition of the Board of Commissioners of the
                      Company remained the same, namely as follows:
                      1. Agus Prabowo: President Commissioner
                      2. Wakhid Hasyim: Commissioner
                      3. Lusiaga Levi Susila: Independent Commissioner
                      4. Hernawan Bekti Sasongko: Independent
                          Commissioner
                   E. Approved the delegation of power and authority to
                      the Board of Directors of the Company with right to
                      substitution to carry out all necessary actions related
                      to the resolutions of this Meeting Agenda, including to
                      make the statement in its own separate Notarial Deed
                      of a part and/or the entire Meeting resolutions as well
                      as to inform the changes in the Board of Directors and/
                      or the Board of Commissioners of the Company to
                      the Ministry of Law and Human Rights of the Republic
                      of Indonesia as well as to register on the authorized
                      institution in accordance with applicable provisions,
                      laws and regulations.

                   The Meeting approved with total affirmative votes of
                   3,934,288,268 shares or 88.67% of the total votes cast in
                   the Meeting.




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Dewan Komisaris
    Board of Commissioners

Dewan Komisaris merupakan organ tata kelola utama yang berperan     The Board of Commissioners is the main governance organ that
dalam melakukan pengawasan dan pemberian nasihat kepada             plays a role in overseeing and providing advice to the Board of
Direksi yang menjalankan kepengurusan Perseroan, sebagaimana        Directors who manage the Company, as stipulated in the Articles
yang ditetapkan dalam Anggaran Dasar. Dewan Komisaris juga          of Association. The Board of Commissioners also has the duty
memiliki tugas dan tanggung jawab untuk melakukan pemantauan        and responsibility to monitor the implementation of GCG within
terhadap penerapan GCG di Perseroan, termasuk efektivitas           the Company, including the effectiveness of the internal control
sistem pengendalian internal dan manajemen risiko.                  system and risk management.

Dewan Komisaris secara berkelanjutan melakukan pemantauan           The Board of Commissioners monitors the effectiveness of the
atas efektivitas strategi dan kebijakan Perseroan, pencapaian       Company’s strategies and policies, as well as the achievement of
kinerja usaha, proses pengambilan keputusan oleh Direksi, serta     business performance, decision making process by the Board of
pelaksanaan strategi dan kebijakan dalam rangka mencapai tujuan     Directors, as well as the implementation of strategies to achieve
Perseroan dan memenuhi harapan para pemegang saham serta            Company goals and to fulfill the expectations of shareholders and
pemangku kepentingan lainnya. Dewan Komisaris juga melakukan        other stakeholders. The Board of Commissioners also assesses
evaluasi dan/atau menyetujui Rencana Kerja dan Anggaran             and/or approves the Work Plan and Budget of the Company
Perseroan yang disusun Direksi setiap tahunnya.                     prepared by the Board of Directors every year.

DASAR HUKUM                                                         LEGAL BASIS
1. Undang-undang Republik Indonesia Nomor 40 tahun 2007             1. Law of the Republic of Indonesia No. 40 of year 2007 regarding
   tentang Perseroan Terbatas.                                         Limimted Liability Companies.
2. Peraturan Otoritas Jasa Keuangan Nomor 33/POJK.04/2014           2. Financial Services Authority Regulation No. 33/POJK.04/2014
   tanggal 8 Desember 2014 tentang Direksi dan Dewan                   dated December 8, 2014 regarding the Board of Directors and
   Komisaris Emiten atau Perusahaan Publik.                            the Board of Commissioners of Issuers or Public Companies.
3. Peraturan Menteri Negara Badan Usaha Milik Negara Nomor          3. Regulation of the Minister of State-Owned Enterprises No.
   PER-3/MBU/03/2023 tentang Organ dan Sumber Daya                     PER3/MBU/03/2023 on the Organ and Human Capital of
   Manusia Badan Usaha Milik Negara.                                   StateOwned Enterprises.
4. Anggaran Dasar Perseroan yang telah beberapa kali diubah         4. Articles of Association of the Company which have been
   dan terakhir berdasarkan Akta Pernyataan Keputusan Rapat            amended several times and the last amended was based on
   dan Perubahan Anggaran Dasar No. 8 tanggal 17 Oktober               Deed of Statement of Resolutions and Changes in the Articles
   2022 yang dibuat oleh Notaris Aryanti Artisari, S.H., M.Kn. di      of Associatiton No. 8 dated October 17, 2022 made before
   Jakarta.                                                            Notary Aryanti Artisari, S.H., M.Kn. in Jakarta.

KRITERIA ANGGOTA DEWAN KOMISARIS                                    CRITERIA OF MEMBERS OF THE BOARD OF
                                                                    COMMISSIONERS
Anggota Dewan Komisaris Perseroan berkewajiban untuk                Members of the Board of Commissioners are obligated to adhere
mengikuti persyaratan dan ketentuan Undang-Undang tentang           to the requirements and provisions of the Laws on Limited Liability
Perseroan Terbatas, peraturan perundang-undangan di bidang          Companies, laws and regulations in the Capital Market sector as
Pasar Modal serta Peraturan perundang-undangan lain yang            well as other applicable laws and regulations and those related to
berlaku dan yang terkait dengan kegiatan usaha Perseroan.           the Company’s business activities. Based on Articles of Association
Berdasarkan Anggaran Dasar Perseroan Pasal 17 Ayat (2), yakni       Article 17 Paragraph (2), namely that Members of the Board of
Anggota Dewan Komisaris Elnusa adalah warga negara Indonesia        Commissioners of Elnusa are Indonesian citizens that have fulfilled
yang memenuhi persyaratan yang ditentukan Peraturan Otoritas        the requirements set-forth under the Financial Services Authority
Jasa Keuangan No. 33/POJK.04/2014 dan perundang-undangan            Regulations No. 33/POJK.04/2014 and applicable laws and
yang berlaku. Adapun kriteria anggota Dewan Komisaris di            regulation. This include the following:
antaranya:
1. Mempunyai akhlak, moral, dan integritas yang baik;               1. Having good moral values, character, and integrity.
2. Cakap melakukan perbuatan hukum;                                 2. Competent in carrying out legal actions.
3. Dalam 5 (lima) tahun sebelum pengangkatan dan selama             3. Within 5 (five) years prior to appointment and during term of
    menjabat:                                                          office:
    a. Tidak pernah dinyatakan pailit;                                 a. Never been declared bankrupt;




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   b. Tidak pernah menjadi anggota Direksi dan/atau anggota          b. Never been a member of the Board of Directors and/or a
      Dewan Komisaris yang dinyatakan bersalah menyebabkan              member of the Board of Commissioners found guilty of
      suatu perusahaan dinyatakan pailit;                               causing a company to be declared bankrupt;
   c. Tidak pernah dihukum karena melakukan tindak pidana            c. Never been convicted of a criminal offense that is
      yang merugikan keuangan negara dan/atau yang berkaitan            detrimental to state finances and/or related to the
      dengan sektor keuangan; dan                                       financial sector; and
   d. Tidak pernah menjadi anggota Direksi dan/atau anggota          d. Never been a member of the Board of Directors and/or
      Dewan Komisaris yang selama menjabat:                             member of the Board of Commissioners, who during the
                                                                        term of office:
       •   Pernah tidak menyelenggarakan RUPS tahunan;                  • Never hold an annual GMS;
       •   Pertanggungjawabannya sebagai anggota Direksi                • Accountability as member of the Board of Directors
           dan/atau anggota Dewan Komisaris pernah tidak                     and/or member of the Board of Commissioners
           diterima oleh RUPS atau pernah tidak memberikan                   was not accepted by the GMS or has not provided
           pertanggungjawaban sebagai anggota Direksi dan/                   accountability as a member of the Board of Directors
           atau anggota Dewan Komisaris kepada RUPS; dan                     and/or a member of the Board of Commissioners to
                                                                             the GMS; and
       •    Pernah menyebabkan perusahaan yang memperoleh               • Has caused a company that obtained a license,
            izin, persetujuan, atau pendaftaran dari OJK tidak               approval, or registration from OJK yet not fulfill the
            memenuhi kewajiban menyampaikan laporan                          obligation to submit annual reports and/or financial
            tahunan dan/atau laporan keuangan kepada OJK.                    reports to OJK.
4. Memiliki komitmen untuk mematuhi peraturan perundang-             4. Having the commitment to comply with laws and
   undangan;                                                            regulations.
5. Memiliki pengetahuan dan/atau keahlian di bidang yang             5. Having the knowledge and/or expertise in the field
   dibutuhkan Perseroan; dan                                            required by the Company.
6. Memenuhi persyaratan lainnya sebagaimana ditentukan               6. Fulfill other requirements specified in the Limited Liability
   dalam Undang-Undang Perseroan Terbatas, Peraturan Pasar              Company Law, Capital Market Regulations and other
   Modal dan Peraturan Perundang-Undangan lainnya yang                  applicable laws and regulations.
   berlaku.

STRUKTUR DAN KOMPOSISI ANGGOTA                                   STRUCTURE AND COMPOSITION OF MEMBERS
DEWAN KOMISARIS                                                  OF THE BOARD OF COMMISSIONERS
1. Struktur keanggotaan Dewan Komisaris Perseroan terdiri dari   1. The membership structure of the Board of Commissioners
   Komisaris Utama dan Komisaris.                                   of the Company consists of the President Commissioner and
                                                                    Commissioner.
2. Komposisi Dewan Komisaris Perseroan terdiri dari Komisaris    2. The composition of the Board of Commissioners of the
   Non Independen dan Komisaris Independen.                         Company consists of Non-Independent Commissioner and
                                                                    Independent Commissioner.
3. Dewan Komisaris merupakan majelis dan setiap anggota          3. The Board of Commissioners is an assembly and each member
   Dewan Komisaris tidak dapat bertindak sendiri-sendiri,           of the Board of Commissioners may not act individually, but
   melainkan berdasarkan keputusan Dewan Komisaris (kolektif        based on decisions of the Board of Commissioners (collective
   kolegial).                                                       collegial).

Komposisi dan jumlah anggota Dewan Komisaris ditetapkan oleh     The composition and number of members of the Board of
RUPS. Pada tahun 2024 terjadi 2 (dua) kali perubahan komposisi   Commissioners are determined by the GMS. In 2024 there were 2
dalam Dewan Komisaris dengan alasan penyegaran organisasi.       (two) changes in the composition of the Board of Commissioners
RUPS Luar Biasa tanggal 17 Januari 2024 memutuskan untuk         due to organizational refreshment. The Extraordinary GMS on
memberhentikan dengan hormat Bapak Agus Prabowo selaku           January 17, 2024 decided to respectfully dismiss Mr. Agus Prabowo
Komisaris Utama dan Bapak Hernawan Bekti Sasongko selaku         as President Commissioner and Mr. Hernawan Bekti Sasongko as
Komisaris Independen serta menyetujui pengangkatan Bapak         Independent Commissioner and approved the appointment of Mr.
Nur Endro Buwono sebagai Komisaris Utama dan Bapak Denie S.      Nur Endro Buwono as President Commissioner and Mr. Denie S.
Tampubolon sebagai Komisaris Independen.                         Tampubolon as Independent Commissioner.

Sedangkan RUPS Tahunan tanggal 15 Mei 2024 memutuskan            Meanwhile, the Annual GMS dated 15 May 2024 decided
untuk memberhentikan dengan hormat Bapak Nur Endro               to respectfully dismiss Mr. Nur Endro Buwono as President
Buwono selaku Komisaris Utama, Bapak Lusiaga Levi Susila         Commissioner, Mr. Lusiaga Levi Susila as Independent
selaku Komisaris Independen, dan Bapak Wakhid Hasyim selaku      Commissioner, and Mr. Wakhid Hasyim as Commissioner.




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Komisaris. Selanjutnya, RUPS yang sama juga mengangkat Bapak     Furthermore, the same GMS also appointed Mr. Eko Ariantoro as
Eko Ariantoro sebagai Komisaris Utama merangkap Komisaris        President Commissioner concurrently Independent Commissioner,
Independen, dan Bapak Ariana Soemanto sebagai Komisaris serta    and Mr. Ariana Soemanto as Commissioner and reappointed Mr.
mengangkat kembali Bapak Nur Endro Buwono sebagai Komisaris.     Nur Endro Buwono as Commissioner.

SUSUNAN DEWAN KOMISARIS HINGGA 17 JANUARI 2024
Board of Commissioners composition until January 17, 2024

            Nama                       Jabatan                                       Dasar Pengangkatan
            Name                       Position                                      Basis of Appointment

 Agus Prabowo               Komisaris Utama               Akta Pernyataan Keputusan Rapat No. 7 Tahun 2023
                            President Commissioner        Deed of Statement of the Meeting Resolution No. 7 of Year 2023
 Lusiaga Levi Susila        Komisaris Independen          Akta Pernyataan Keputusan Rapat No. 3 Tahun 2021
                            Independent Commissioner      Deed of Statement of the Meeting Resolution No. 3 of Year 2021
 Hernawan Bekti Sasongko    Komisaris Independen          Akta Pernyataan Keputusan Rapat No. 30 Tahun 2022
                            Independent Commissioner      Deed of Statement of the Meeting Resoution No. 30 of Year 2022
 Wakhid Hasyim              Komisaris                     Akta Pernyataan Keputusan Rapat No. 3 Tahun 2021
                            Commissioner                  Deed of Statement of the Meeting Resolution No. 3 of Year 2021

SUSUNAN DEWAN KOMISARIS PERIODE 17 JANUARI-15 MEI 2024
Board of Commissioners composition Period of January 17-May 15, 2024

            Nama                       Jabatan                                       Dasar Pengangkatan
            Name                       Position                                      Basis of Appointment

 Nur Endro Buwono           Komisaris Utama               Akta Pernyataan Keputusan Rapat No. 33 Tahun 2024
                            President Commissioner        Deed of Statement of the Meeting Resolution No. 33 of Year 2024
 Lusiaga Levi Susila        Komisaris Independen          Akta Pernyataan Keputusan Rapat No. 3 Tahun 2021
                            Independent Commissioner      Deed of Statement of the Meeting Resolution No. 3 of Year 2021
 Denie S. Tampubolon        Komisaris Independen          Akta Pernyataan Keputusan Rapat No. 33 Tahun 2024
                            Independent Commissioner      Deed of Statement of the Meeting Resolution No. 33 of Year 2024
 Wakhid Hasyim              Komisaris                     Akta Pernyataan Keputusan Rapat No. 3 Tahun 2021
                            Commissioner                  Deed of Statement of the Meeting Resolution No. 3 of Year 2021

SUSUNAN DEWAN KOMISARIS PERIODE 15 MEI 2024-LAPORAN TAHUNAN TERBIT
Board of Commissioners composition Period of May 15, 2024-Publication of This Annual Report

            Nama                       Jabatan                                       Dasar Pengangkatan
            Name                       Position                                      Basis of Appointment

 Eko Ariantoro              Komisaris Utama               Akta Pernyataan Keputusan Rapat No. 17 Tahun 2024
                            merangkap Komisaris           Deed of Statement of the Meeting Resolution No. 17 of Year 2024
                            Independen
                            President Commissioner
                            Concurrently Independent
                            Commissioner
 Nur Endro Buwono           Komisaris                     Akta Pernyataan Keputusan Rapat No. 17 Tahun 2024
                            Commissioner                  Deed of Statement of the Meeting Resolution No. 17 of Year 2024
 Denie S. Tampubolon        Komisaris Independen          Akta Pernyataan Keputusan Rapat No. 33 Tahun 2024
                            Independent Commissioner      Deed of Statement of the Meeting Resolution No. 33 of Year 2024
 Ariana Soemanto            Komisaris                     Akta Pernyataan Keputusan Rapat No. 17 Tahun 2024
                            Commissioner                  Deed of Statement of the Meeting Resolution No. 17 of Year 2024


KOMISARIS INDEPENDEN                                             INDEPENDENT COMMISSIONER
Komisaris Independen merupakan anggota Dewan Komisaris yang      Independent Commissioner is member of the Board of
berasal dari luar Emiten atau Perusahaan Publik dan memenuhi     Commissioners coming from outside of the organization of Issuers
persyaratan sebagai Komisaris Independen sesuai dengan           or Public Companies and fulfill the requirement as Independent
Peraturan OJK No. 33/POJK.04/2014 tentang Direksi dan Dewan      Commissioner in accordance with OJK Regulation No. 33/
Komisaris Emiten atau Perusahaan Publik di antaranya:            POJK.04/2014 regarding the Board of Directors and the Board
                                                                 of Commissioners of Issuers or Public Companies including the
                                                                 following:




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Kriteria Komisaris Independen                                      Criteria of Independent Commissioner
Mengacu pada Peraturan OJK No. 33/POJK.04/2014, kriteria           Referring to OJK Regulation No. 33/POJK.04/2014, the criteria of
Komisaris Independen mencakup:                                     Independent Commissioner include the following:
1. Bukan merupakan orang yang bekerja atau mempunyai               1. Not a person with authority and responsibility for planning,
   wewenang dan tanggung jawab untuk merencanakan,                     leading, controlling, or supervising the Company’s activities
   memimpin, mengendalikan, atau mengawasi kegiatan                    during the last 6 (six) months, except for re-appointment as an
   Perusahaan dalam waktu 6 (enam) bulan terakhir, kecuali             Independent Commissioner.
   untuk pengangkatan kembali sebagai Komisaris Independen.
2. Tidak mempunyai saham baik langsung maupun tidak                2. Not having direct or indirect Company’s share ownership.
   langsung pada Perusahaan.
3. Tidak mempunyai hubungan usaha baik langsung maupun             3. Not having any direct or indirect business relationship in
   tidak langsung yang berkaitan dengan kegiatan usaha                connection with the Company’s business activities.
   Perusahaan.
4. Tidak mempunyai hubungan Afiliasi dengan Perusahaan,            4. Not having affiliation with the Company, members of the
   anggota Dewan Komisaris, anggota Direksi, atau Pemegang            Board of Commissioners, members of the Board of Directors,
   Saham Pengendali Perusahaan.                                       or Controlling Shareholders of the Company.



      Jumlah Komisaris Independen
      Number of Independent
      Commissioner
                                                                      30%                                         50%
      4 Komisaris dengan 2 Komisaris            30% dari Keseluruhan Komisaris             50% dari Keseluruhan Komisaris
      Independen                                adalah Komisaris Independen                adalah Komisaris Independen
      4 Commissioners with 2 Independent        30% of All Commissioners are               50% of All Commissioners are
      Commissioners                             Independent Commissioners                  Independent Commissioners



Perseroan memiliki Komisaris Independen yang telah memenuhi        The Company retains an Independent Commissioner who fulfils
ketentuan Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014     the provision of the Financial Services Authority Regulation
tanggal 8 Desember 2014 tentang Direksi dan Dewan Komisaris        No. 33/POJK.04/2014 dated December 8, 2014 regarding the
Emiten atau Perusahaan Publik. Sesuai dengan peraturan             Board of Directors and the Board of Commissioners of Issuers
tersebut, dalam hal Dewan Komisaris terdiri lebih dari 2 (dua)     or Public Companies. The regulation affirms that Independent
orang anggota Dewan Komisaris, jumlah Komisaris Independen         Commissioner is obligated to at least make up 30% of the total
wajib paling kurang 30% (tiga puluh persen) dari jumlah seluruh    members of the Board of Commissioners and 1 (one) of the
anggota Dewan Komisaris dan 1 (satu) di antara anggota Dewan       members of the Board of Commissioners is appointed as the
Komisaris diangkat menjadi Komisaris Utama.                        President Commissioner.

Komposisi Komisaris Perseroan per 31 Desember 2024 berjumlah       The composition of the Company’s Commissioners as of
4 (empat) orang yang terdiri dari 1 (satu) orang Komisaris Utama   December 31, 2024 totaled 4 (four) consisting of 2 (two) President
merangkap Komisaris Independen, 1 (satu) orang Komisaris           Commissioners, 1 (one) Independent Commissioners and 1
Independen dan 2 (dua) orang Komisaris. Dengan demikian,           (one) Commissioner. Thus, the composition of Independent
komposisi Komisaris Independen Perseroan adalah lebih dari         Commissioner of the Company is more than 30% of the total
30% dari seluruh jumlah Dewan Komisaris serta telah memenuhi       members of the Board of Commissioners and complies with the
Peraturan Otoritas Jasa Keuangan maupun telah memenuhi             Financial Services Authority Regulation and meets the minimum
jumlah minimal Komisaris Independen yang diatur dalam ASEAN        number of Independent Commissioners stipulated in the ASEAN
Corporate Governance Scorecard yang mensyaratkan jumlah            Corporate Governance Scorecard which requires the number of
Komisaris Independen berjumlah 50% dari jumlah seluruh anggota     Independent Commissioners to be 50% of the total number of
Dewan Komisaris.                                                   members of the Board of Commissioners.




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Page 286
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PEMENUHAN KRITERIA INDEPENDENSI KOMISARIS INDEPENDEN
Fulfillment of Independence Criteria of Independent Commissioner
                                                                            Kriteria Independensi Komisaris Independen
                                                                       Criteria of Independency of Independent Commissioner

                                       Sebagai orang yang bekerja atau mempunyai
                                          wewenang dan tanggung jawab untuk                                         Memiliki hubungan
                                        merencanakan, memimpin, mengendalikan,                                         Afiliasi dengan      Memiliki hubungan
                                        atau mengawasi kegiatan Perseroan dalam                                      Komisaris, Direksi
                                                                                             Memiliki saham                                    usaha dengan
  Komisaris Independen                 waktu 6 (enam) bulan terakhir, kecuali untuk                                   dan Pemegang
                                                                                              Perseroan baik                                  Perseroan baik
      Independent                        pengangkatan kembali sebagai Komisaris                                        saham Utama
                                                                                            langsung maupun                                 langsung maupun
     Commissioner                          Independen Perseroan pada periode                                             Perseroan
                                                                                              tidak langsung                                  tidak langsung
                                                          berikutnya                                                Affiliation with the
                                                                                              Owns Company                                        Business
                                        As a person who works or has authority and                                    Commissioners,
                                                                                             shares directly or                            relationship with the
                                      responsibility to plan, lead, control, or supervise                               the Board of
                                                                                                 indirectly                                Company directly or
                                       the Company’s activities within the last 6 (six)                             Directors and Major          indirectly
                                        months, unless for the reappointment as the                                 Shareholders of the
                                       Company’s Independent Commissioner for the                                         Company
                                                          next period

 Eko Ariantoro****                                            x                                      x                       x                      x
 Denie S. Tampubolon**                                        x                                      x                       x                      x
                         ***
 Lusiaga Levi Susila                                          x                                      x                       x                      x
 Hernawan Bekti                                               x                                      x                       x                      x
 Sasongko*
 √ = ada | x = tidak ada
 Keterangan:
 *
      Menjabat hingga 17 Januari 2024
 **
      Mulai menjabat sejak 17 Januari 2024
 ***
      Menjabat hingga 15 Mei 2024
 ****
      Mulai menjabat sejak 15 Mei 2024
 √ = yes | x = no
 Description:
 *
      Served in office until January 17, 2024
 **
      Started serving in office since January 17, 2024
 ***
      Served in office until May 15, 2024
 ****
      Started serving in office since May 15, 2024



                   Nama                                     Jabatan                    Tanggal Pernyataan
                                                                                                                                     Status
                   Name                                     Position                  Date of Establishment

 Eko Ariantoro****                               Komisaris Utama merangkap           15 Mei 2024                  Pertama kali sebagai Komisaris Independen
                                                 Komisaris Independen                May 15, 2024                 First time as Independent Commissioner
                                                 President Commissioner
                                                 concurrently Independent
                                                 Commissioner
 Denie S. Tampubolon**                           Komisaris Independen                17 Januari 2024              Pertama kali sebagai Komisaris Independen
                                                 Independent Commissioner            January 17, 2024             First time as Independent Commissioner
 Lusiaga Levi Susila***                          Komisaris Independen                21 Juli 2021                 Periode Kedua sebagai Komisaris Independen
                                                 Independent Commissioner            July 21, 2021                Second Period as Independent Commissioner
 Hernawan Bekti Sasongko*                        Komisaris Independen                20 Juli 2022                 Pertama kali sebagai Komisaris Independen
                                                 Independent Commissioner            July 20, 2024                First time as Independent Commissioner
 Keterangan:
 *
      Menjabat hingga 17 Januari 2024
 **
      Mulai menjabat sejak 17 Januari 2024
 ***
      Menjabat hingga 15 Mei 2024
 ****
      Mulai menjabat sejak 15 Mei 2024
 Description:
 *
      Served in office until January 17, 2024
 **
      Started serving in office since January 17, 2024
 ***
      Served in office until May 15, 2024
 ****
      Started serving in office since May 15, 2024



Para Komisaris Independen Perseroan juga telah menyatakan                               The Company’s Independent Commissioners have also declared
independensinya melalui Surat Pernyataan Independensi. Dengan                           their independence through the Independence Statement Letter.
demikian, Komisaris Independen Perseroan telah memenuhi                                 Thus, the Company’s Independent Commissioners have met the
kriteria sesuai dengan peraturan perundang-undangan yang                                criteria in accordance with the prevailing laws and regulations.
berlaku.




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PERIODE JABATAN ANGGOTA DEWAN                                      TERM OF OFFICE OF MEMBERS OF THE BOARD
KOMISARIS                                                          OF COMMISSIONERS
Setelah masa jabatannya berakhir, anggota Dewan Komisaris          Upon completion of the term of office, members of the Board of
dapat diangkat kembali oleh RUPS:                                  Commissioners may be reappointed by the GMS:
• Para anggota Dewan Komisaris diangkat untuk jangka waktu         • Members of the Board of Commissioners are appointed for a
    terhitung sejak tanggal yang ditetapkan oleh RUPS yang            period of time effective as of the date determined by the GMS
    mengangkatnya dan berakhir pada penutupan RUPS Tahunan            that appoints the Commissioner and ends on the closing of
    yang ke-3 (ketiga) setelah tanggal pengangkatannya. Namun         the 3rd (third) Annual GMS after the date of the appointment.
    dengan tidak mengurangi hak dari RUPS untuk sewaktu-              However, without prejudice to the right of the GMS to dismiss
    waktu dapat memberhentikan para anggota Dewan Komisaris           the members of the Board of Commissioners at any time
    sebelum masa jabatannya berakhir.                                 before their term of office ends.
• Sesuai POJK No. 33/POJK.04/2014 tanggal 8 Desember 2014          • In accordance with POJK No. 33/POJK.04/2014 dated
    tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan        December 8, 2014 regarding the Board of Directors and the
    Publik bahwa Komisaris Independen dapat diangkat lebih dari       Board of Commissioners of Issuers or Public Companies,
    2 (dua) periode sepanjang yang bersangkutan menyatakan            Independent Commissioners may be reappointed for more
    dirinya independen kepada RUPS.                                   than 2 (two) periods as long as the concerned commissioner
                                                                      states himself/ herself as independent.

Mengacu pada Pasal 17 Ayat (4) Anggaran Dasar Perseroan,           Referring to Article 17 paragraph (4) of the Company’s Articles of
jabatan Dewan Komisaris berakhir apabila:                          Association, the term of office of the Board of Commissioners ends
                                                                   in the event:
a. Pengunduran dirinya telah efektif;                              a. Resignation is effective;
b. Tidak lagi memenuhi persyaratan Peraturan OJK dan peraturan     b. No longer fulfils the requirements of OJK Regulations and
   perundang-undangan lainnya;                                          other laws and regulations;
c. Meninggal dunia;                                                c. Passed away;
d. Diberhentikan berdasarkan RUPS;                                 d. Dismissed based on GMS.;

MEKANISME PEMBERHENTIAN DAN                                        MECHANISM FOR DISMISSAL AND
PENGUNDURAN DIRI DEWAN KOMISARIS                                   RESIGNATION OF THE BOARD OF
                                                                   COMMISSIONERS
Berdasarkan      Anggaran       Dasar    Perseroan,  mekanisme     Based on the Company’s Articles of Association, the mechanism
pemberhentian dan pengunduran diri anggota Dewan Komisaris         for dismissal and resignation of members of the Board of
adalah sebagai berikut:                                            Commissioners is as follows:
1. Seorang anggota Dewan Komisaris berhak mengundurkan diri        1. A member of the Board of Commissioners has the right to resign
    dari jabatannya sebelum masa jabatannya berakhir dengan            from his/her position before his/her term of office ends by
    memberitahukan secara tertulis mengenai maksudnya tersebut         notifying the Company in writing on his/her intention.
    kepada Perseroan.
2. Perseroan wajib menyelenggarakan RUPS untuk memutuskan          2. The Company is obligated to hold GMS to decide on the requests
    permohonan pengunduran diri anggota Dewan Komisaris dalam         for resignation of members of the Board of Commissioners within
    jangka waktu paling lambat 90 (sembilan puluh) hari setelah       a period of no later than 90 (ninety) days after receipt of the
    diterimanya surat pengunduran diri.                               resignation request letter.
3. Perseroan wajib melakukan keterbukaan informasi kepada          3. The Company is obligated to disclose information to the public
    masyarakat dan menyampaikan kepada OJK paling lambat 2            and notify OJK at the latest within 2 (two) working days after
    (dua) hari kerja setelah diterimanya permohonan pengunduran       receipt of the resignation request of members of the Board of
    diri anggota Dewan Komisaris.                                     Commissioners.
4. Sebelum pengunduran diri berlaku efektif, anggota Dewan         4. Before the resignation is effective, the concerned member of
    Komisaris yang bersangkutan tetap berkewajiban menyelesaikan      the Board of Commissioners remains obligated to complete
    tugas dan tanggung jawabnya sesuai dengan Anggaran Dasar ini      the assigned duties and responsibilities in accordance with the
    dan peraturan perundang-undangan yang berlaku.                    Articles of Association and applicable laws and regulations.
5. Terhadap anggota Dewan Komisaris yang mengundurkan              5. Resigning members of the Board of Commissioners as mentioned
    diri sebagaimana tersebut di atas tetap dapat diminta             above remain accountable as members of the Board of
    pertanggungjawabannya sebagai anggota Dewan Komisaris sejak       Commissioners from the date of appointment of the concerned
    pengangkatan yang bersangkutan hingga tanggal disetujuinya        members until the date of approval of the resignation in the
    pengunduran dirinya dalam RUPS.                                   GMS.
6. Pembebasan tanggung jawab anggota Dewan Komisaris               6. Release of responsibility of resigning members of the Board of
    yang mengundurkan diri diberikan setelah RUPS Tahunan             Commissioners is granted after the Annual GMS releases the
    membebaskannya.                                                   concerned members.



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7. Dalam hal anggota Dewan Komisaris mengundurkan diri sehingga     7. In the event members of the Board of Commissioners
   mengakibatkan jumlah anggota Dewan Komisaris menjadi kurang         resign resulting in the number of members of the Board of
   dari jumlah minimum Komisaris yang dipersyaratkan, harus            Commissioners less than the minimum number of Commissioners
   diselenggarakan RUPS untuk mengisi lowongan dalam jangka waktu      required, a GMS must be held to fill the vacancy within 90 (ninety)
   90 (sembilan puluh) hari setelah tanggal terjadinya lowongan.       days after the date of the vacancy.

PEDOMAN DAN TATA TERTIB KERJA DEWAN                                 WORK GUIDELINES AND RULES OF THE BOARD
KOMISARIS                                                           OF COMMISSIONERS
Dewan Komisaris memiliki Board Manual atau Pedoman Kerja/           The Board of Commissioners has a Board Manual or Work Guidelines/
Piagam Dewan Komisaris dan Direksi yang mempermudah dalam           Charter for the Board of Commissioners and the Board of Directors,
memahami peraturan-peraturan yang terkait dengan tata kerja         which facilitates the understanding of the regulations related to the
Dewan Komisaris dan Direksi. Terakhir, Pedoman Kerja/Piagam         workings of the Board of Commissioners and the Board of Directors,
Dewan Komisaris dan Direksi ditandatangani oleh Dewan Komisaris     Work Guidelines/Charter of the Board of Commissioners and the
dan Direksi pada tanggal 2 Januari 2018. Pedoman Kerja tersebut     Board of Directors signed by the Board of Commissioners and the
ditinjau secara berkala dan dimutakhirkan apabila dianggap perlu    Board of Directors on January 2, 2018. The Work Guidelines is
dengan memperhatikan ketentuan perundangan yang berlaku.            reviewed periodically and updated if regarded as necessary by taking
Informasi secara detail dapat dilihat melalui situs Perusahaan      into account of applicable regulatory provisions. Details on this are
www.elnusa.co.id.                                                   available on the Company website www.elnusa.co.id.

Adapun cakupan Pedoman dan Tata Tertib Kerja Dewan Komisaris        The scope of the Work Guidelines and Rules of the Board of
meliputi:                                                           Commissioners is as follow:
1. Fungsi Dewan Komisaris                                           1. Function of the Board of Commissioners
2. Tugas dan Kewajiban Dewan Komisaris                              2. Duties and Obligations of the Board of Commissioners
3. Hak dan Wewenang Dewan Komisaris                                 3. Rights and Authorities of the Board of Commissioners
4. Pembagian Kerja Dewan Komisaris                                  4. Division of Work of the Board of Commissioners
5. Persyaratan Dewan Komisaris                                      5. Requirements of the Board of Commissioners
6. Keanggotaan Dewan Komisaris                                      6. Membership of the Board of Commissioners
7. Rangkap Jabatan                                                  7. Concurrent Position
8. Masa Jabatan Dewan Komisaris                                     8. Term of Office of the Board of Commissioners
9. Pemberhentian Anggota Dewan Komisaris                            9. Dismissal of Members of the Board of Commissioners
10. Pengunduran Diri Anggota Dewan Komisaris                        10. Resignation of Members of the Board of Commissioners
11. Pengisian Jabatan Lowong Anggota Dewan Komisaris                11. Filling Vacant Positions of Members of the board of Commissioners
12. Keadaan Seluruh Anggota Dewan Komisaris Lowong                  12. Vacancy of All Members of the Board of Commissioners
13. Komisaris Independen                                            13. Independent Commissioner
14. Program Pengenalan dan Peningkatan Kapabilitas                  14. Introduction and Capability Improvement Program
15. Waktu Kerja Dewan Komisaris                                     15. Working Hours of the Board of Commissioners
16. Etika Jabatan Dewan Komisaris                                   16. Office Ethics of the Board of Commissioners
17. Rapat Dewan Komisaris                                           17. Meeting of the Board of Commissioners
18. Organ Pendukung Dewan Komisaris                                 18. Supporting Organs of the Board of Commissioners
19. Evaluasi Kinerja Dewan Komisaris                                19. Performance Assessment of the Board of Commissioners
                                                                        Committees
20. Pertanggungjawaban Dewan Komisaris                              20. Board of Commissioners accountability

TUGAS DAN TANGGUNG JAWAB DEWAN                                      DUTIES AND RESPONSIBILITIES OF THE BOARD
KOMISARIS                                                           OF COMMISSIONERS
Dalam peran pengawasan dan pemberian nasihat, secara kolegial       In its supervisory and advisory role, the Board of Commissioners
Dewan Komisaris Perseroan mengemban tugas dan tanggung              collegially carries out its duties and responsibilities, among others,
jawab antara lain sebagai berikut:                                  as follows:
1. Tunduk pada ketentuan peraturan perundang-undangan yang          1. Comply with provisions of applicable laws and regulations,
    berlaku, Anggaran Dasar Perseroan dan keputusan RUPS.                Articles of Association of the Company and GMS resolutions.
2. Beritikad baik dan dengan penuh tanggung jawab menjalankan       2. Carry out duties in good faith and with full responsibility for
    tugas untuk kepentingan dan usaha Perseroan.                         the interests and business of the Company.
3. Melakukan pengawasan untuk kepentingan Perseroan dengan          3. Supervise for the interests of the Company by taking into
    memperhatikan kepentingan para pemegang saham dan                    account the interests of the shareholders and responsible
    bertanggung jawab kepada RUPS.                                       to the GMS.
4. Melakukan tugas pengawasan terhadap kebijakan Direksi            4. Carry out supervisory duties on the policies of the Board of Directors
    dalam melaksanakan pengurusan Perseroan termasuk                     in managing the Company including the implementation of the



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     pelaksanaan Rencana Jangka Panjang Perseroan (RJPP),                Company’s Long Term Plan (RJPP), the Company’s Work Plan and
     Rencana Kerja dan Anggaran Perseroan (RKAP), ketentuan              Budget (RKAP), the provisions of the Articles of Association and
     Anggaran Dasar dan keputusan RUPS serta peraturan                   resolutions of the GMS as well as prevailing laws and regulations,
     perundang-undangan yang berlaku, untuk kepentingan                  for the interests of the Company and in line with the Company’s
     Perseroan dan sesuai dengan maksud dan tujuan Perseroan.            purpose and objectives.
5.   Memberikan pendapat dan saran kepada Direksi berkaitan         5.   Providing opinions and suggestions to the Board of Directors
     dengan pengurusan Perseroan. Pemberian rekomendasi                  regarding the management of the Company. Providing
     kepada Direksi setelah mendapatkan penelaahan komite-               recommendations to the Board of Directors after reviewing the
     komite di bawah Dewan Komisaris sebagaimana tercantum               committees under the Board of Commissioners as stated in the
     dalam Laporan Pelaksanaan Tugas Komite Audit, Komite NR             Task Implementation Report of the Audit Committee, NR and
     dan GCG serta Komite Pemantau Risiko dan Investasi.                 GCG Committee and Risk and Investment Monitoring Committee.
6.   Memberikan pendapat dan saran kepada Direksi berkaitan         6.   Provide opinions and suggestions to the Board of Directors
     dengan penyusunan visi, misi serta rencana-rencana strategis        concerning the preparation of the vision, mission and other
     lain yang diatur dalam Anggaran Dasar.                              strategic plans stipulated in the Articles of Association.
7.   Menerapkan Good Corporate Governance secara konsisten.         7.   Implement Good Corporate Governance consistently.
8.   Melaporkan kepada Perseroan mengenai kepemilikan               8.   Report to the Company on his/her share ownership and/or
     sahamnya dan/atau keluarganya pada Perseroan tersebut dan           of his/her family in the Company and on other companies
     Perseroan lain termasuk perubahannya.                               including changes in the ownership.
9.   Melakukan pembagian kerja di antara para anggota Dewan         9.   Carry out division of work among the members of the Board
     Komisaris yang diatur oleh mereka sendiri dan untuk                 of Commissioners which they regulate themselves and for
     kelancaran tugasnya Dewan Komisaris dapat dibantu oleh              the smooth run of implementing their duties, the Board
     seorang Sekretaris Dewan Komisaris atas beban Perseroan.            of Commissioner be assisted by a Secretary to the Board of
                                                                         Commissioners at the expense of the Company.

PEMBAGIAN PERAN DAN TANGGUNG JAWAB                                  DIVISION OF ROLES AND SUPERVISORY
PENGAWASAN MASING-MASING ANGGOTA                                    RESPONSIBILITIES OF EACH MEMBER OF THE
DEWAN KOMISARIS                                                     BOARD OF COMMISSIONERS
Tugas Komisaris Utama antara lain:                                  Duties of the President Commissioner, among others, are as follows:
1. Sebagai koordinator pelaksanaan tugas-tugas Dewan                1. As coordinator for the implementation of duties of the Board
    Komisaris.                                                          of Commissioners
2. Memimpin Rapat Dewan Komisaris.                                  2. Chairing over the Board of Commissioners Meeting
3. Mewakili Dewan Komisaris memimpin Rapat Umum Pemegang            3. Represent the Board of Commissioners to chair the General
    Saham Perusahaan.                                                   Meeting of Shareholders of the Company.

Selain tugas dan tanggung jawab Komisaris Utama sebagaimana         Apart from the duties and responsibilities as explained above,
dijelaskan di atas, masing-masing anggota Dewan Komisaris           each member of the Board of Commissioners has an additional
memiliki pembagian peran dan tanggung jawab tambahan.               division of roles and responsibilities. The division of work of
Pembagian kerja anggota Dewan Komisaris antara lain dilakukan       members of the Board of Commissioners, among others, is
dengan menetapkan pembagian anggota Dewan Komisaris                 carried out by determining the division of members of the Board
sebagai anggota Komite-komite yang dibentuk Dewan Komisaris         of Commissioners as members of Committees established by the
untuk membantu kelancaran tugas Dewan Komisaris, yang terdiri       Board of Commissioners to assist the smooth run of the duties of
dari Komite Audit, Komite NR dan GCG serta Komite Pemantau          the Board of Commissioners, consisting of the Audit Committee,
Risiko dan Investasi. Penetapan masing-masing anggota Dewan         Nomination and Remuneration Committee and Risk Monitoring
Komisaris sebagai anggota komite-komite dimaksud ditetapkan         Committee. The assignment of each member of the Board of
dalam Surat Keputusan Dewan Komisaris.                              Commissioners as members of the said committees is stipulated in
                                                                    a Decree of the Board of Commissioners.

Pembagian tugas anggota Dewan Komisaris sebagai anggota             The assignment of members of the Board of Commissioners as
komite tersebut mengalami perubahan-perubahan sebagai               members of the said committees has undergone changes as an
penyesuaian terhadap kebutuhan dan perkembangan kondisi             adjustment to the needs and development of the latest condition
terkini termasuk adanya perubahan komposisi Dewan Komisaris,        including changes in the composition of members of the Board
dengan perubahan terakhir susunan keanggotaan Dewan                 of Commissioners, where the last changes in the composition as
Komisaris sebagai ketua dan anggota komite sesuai dengan            chairman and members of committees are as follows:
periode jabatannya adalah sebagai berikut:




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PEMBAGIAN TUGAS DEWAN KOMISARIS PERIODE HINGGA 17 JANUARI 2024
Division of Duties of the Board of Commissioners Period until January 17, 2024

               Nama                       Jabatan                                     Pembagian Bidang Tugas
               Name                       Position                                       Division of Duties

 Agus Prabowo                  Komisaris Utama                 Koordinator pelaksanaan tugas-tugas Dewan Komisaris
                               President Commissioner          Coordinator of the implementation of duties of the Board of
                                                               Commissioners
 Lusiaga Levi Susila           Komisaris Independen            • Ketua Komite Nominasi dan Remunerasi
                               Independent Commissioner        • Anggota Komite Pemantau Risiko
                                                               • Chairman of the Nomination and Remuneration Committee
                                                               • Member of the Risk Monitoring Committee
 Hernawan Bekti Sasongko       Komisaris Independen            Ketua Komite Audit
                               Independent Commissioner        Chairman of the Audit Committee
 Wakhid Hasyim                 Komisaris                       Ketua Komite Pemantau Risiko
                               Commissioner                    Chairman of the Risk Monitoring Committee



PEMBAGIAN TUGAS DEWAN KOMISARIS PERIODE 17 JANUARI-15 MEI 2024
Division of Duties of the Board of Commissioners Period January 17-May 15, 2024

               Nama                       Jabatan                                     Pembagian Bidang Tugas
               Name                       Position                                       Division of Duties

 Nur Endro Buwono              Komisaris Utama                 Koordinator pelaksanaan tugas-tugas Dewan Komisaris
                               President Commissioner          Coordinator of the implementation of duties of the Board of
                                                               Commissioners
 Lusiaga Levi Susila           Komisaris Independen            • Ketua Komite Nominasi dan Remunerasi
                               Independent Commissioner        • Anggota Komite Pemantau Risiko
                                                               • Chairman of the Nomination and Remuneration Committee
                                                               • Member of the Risk Monitoring Committee
 Denie S. Tampubolon           Komisaris Independen            Ketua Komite Audit
                               Independent Commissioner        Chairman of the Audit Committee
 Wakhid Hasyim                 Komisaris                       Ketua Komite Pemantau Risiko
                               Commissioner                    Chairman of the Risk Monitoring Committee



PEMBAGIAN TUGAS DEWAN KOMISARIS PERIODE 15 MEI 2024-LAPORAN TAHUNAN TERBIT
Division of Duties of the Board of Commissioners Period May 15, 2024-Publication of the Annual Report

               Nama                       Jabatan                                     Pembagian Bidang Tugas
               Name                       Position                                       Division of Duties

 Eko Ariantoro                 Komisaris Utama merangkap       • Koordinator pelaksanaan tugas-tugas Dewan Komisaris
                               Komisaris Independen            • Ketua Komite NR dan GCG
                               President Commissioner          • Coordinator of the implementation of duties of the Board of
                               concurrently Independent          Commissioners
                               Commissioner                    • Chairman of NR and GCG Committee
 Nur Endro Buwono              Komisaris                       Ketua Komite Pemantau Risiko dan Investasi
                               Commissioner                    Chairman of the Risk Monitoring and Investment Committee
 Denie S. Tampubolon           Komisaris Independen            Ketua Komite Audit
                               Independent Commissioner        Chairman of the Audit Committee
 Ariana Soemanto               Komisaris                       Anggota Komite Pemantau Risiko dan Investasi
                               Commissioner                    Member of the Risk Monitoring and Investment Committee



PENDELEGASIAN WEWENANG DEWAN                                      DELEGATION OF AUTHORITY OF THE BOARD
KOMISARIS                                                         OF COMMISSIONERS
Pendelegasian wewenang oleh seorang anggota Dewan Komisaris       Delegation of Authority by a member of the Board of
kepada anggota Dewan Komisaris lainnya hanya dapat dilakukan      Commissioners to other members of the Board of Commissioners
melalui surat kuasa khusus untuk keperluan dimaksud dan           can only be conducted through a special power of attorney for this
pendelegasian wewenang tersebut tidak melepaskan tanggung         purpose and this delegation of authority does not abdicate the
jawab Dewan Komisaris secara kolektif.                            responsibility of the Board of Commissioners collectively.




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FOKUS PENGAWASAN SERTA REALISASI                                   FOCUS OF SUPERVISION AND REALIZATION
PELAKSANAAN TUGAS DAN TANGGUNG                                     OF THE IMPLEMENTATION OF DUTIES
JAWAB DEWAN KOMISARIS TAHUN 2024                                   AND RESPONSIBILITIES OF THE BOARD OF
                                                                   COMMISSIONERS IN 2024
Dewan Komisaris memberikan perhatian utama pada pencapaian         The Board of Commissioners pays primary attention to
target bisnis dengan memperhatikan pengelolaan risiko dengan       accomplishing business targets by attending to risk management
prinsip kehati-hatian dan kepatuhan atas semua ketentuan yang      with the principle of prudence and compliance with all applicable
berlaku. Selama tahun 2024, fokus pengawasan Dewan Komisaris       regulations. During 2024, the focus of supervision of the Board of
yang mencakup beberapa aspek penting antara lain:                  Commissioners was on some important aspects, as given below:
1. Menyetujui Rencana Kerja dan Anggaran Perusahaan untuk          1. To approve the Company’s Work Plan and Budget for 2024.
    tahun 2024.
2. Memantau, menganalisis dan memberi masukan atas rencana         2. To monitor, analyze, and provide input of the Company’s
    strategis Perseroan.                                              strategic plans.
3. Melakukan kajian secara berkala atas kinerja Perseroan baik     3. To conduct periodic review of the Company’s performance
    aspek HSSE, Operasional, Pengembangan Usaha, Sumber               such as on the aspects of HSSE, Operational, Business
    Daya Manusia maupun Keuangan Perseroan dalam setiap               Development, Human Capital, as well as the Company’s
    rapat Dewan Komisaris dan/atau rapat komite-komitenya             Finance in each of the Board of Commissioners’ meeting and/
    juga mengundang divisi terkait untuk menyampaikan kinerja         or its committees’ meeting and also inviting related divisions
    masing-masing.                                                    to present each of their performance.
4. Memastikan bahwa Direksi dan/atau Manajemen telah               4. To ensure that the Board of Directors and/or the Management
    menindaklanjuti temuan audit dan rekomendasi dari auditor         follow-up on the audit findings and recommendations from
    internal Perseroan, termasuk perbaikan terhadap hasil temuan      the Company’s internal auditor, including improvements
    pemeriksaan oleh auditor eksternal Perseroan dan regulator        to audit findings by the Company’s external auditors and
    yang mencakup di antaranya temuan dan rekomendasi Badan           regulators, among others findings and recommendations from
    Pemeriksa Keuangan Republik Indonesia (BPKRI).                    the Audit Board of the Republic of Indonesia (BPKRI).
5. Memantau, mengevaluasi, mengawasi dan menerima                  5. To receive the latest report on the Company’s performance
    laporan terkini atas pencapaian kinerja Perseroan termasuk        accomplishment including investment achievement.
    pencapaian investasi.
6. Melakukan pengkajian dan persetujuan atas aksi korporasi        6. To conduct review and approval of corporate actions that
    yang memerlukan persetujuan hingga tingkat Dewan                  require approval to the level of the Board of Commissioners.
    Komisaris.
7. Melalui Komite Audit melakukan penelaahan atas laporan          7. Through the Audit Committee, conduct review of the
    keuangan mencakup penyajian laporan keuangan, perlakuan            financial reports which include the presentation of financial
    akuntansi dan kesesuaiannya dengan prinsip akuntansi yang          report, accounting treatment and adjustments with generally
    berlaku umum dan pelaporan kepada otoritas.                        applicable accounting principles and reporting to the
                                                                       authorities.
8. Atas rekomendasi Komite Audit, melakukan evaluasi kinerja       8. On the recommendation of the Audit Committee, conduct
   auditor eksternal tahun buku 2023 dan penunjukan auditor            performance assessment of the external auditor for the
   eksternal untuk tahun buku 2024.                                    financial year 2023 and the appointment of an external
                                                                       auditor for the financial year 2024.
9. Melalui Komite Nominasi dan Remunerasi dan GCG melakukan        9. Through the Nomination and Remuneration Committee,
   penilaian kinerja tahun buku 2023 untuk Dewan Komisaris,            conduct performance assessment for the financial year 2023
   Direksi dan Komite-Komite di bawah Dewan Komisaris                  on the Board of Commissioners, the Board of Directors and the
   termasuk usulan imbalan hasil kerja serta menyampaikan              Committees under the Board of Commissioners including the
   usulan mengenai susunan pengurus Perseroan kepada                   proposals on work compensation and submitting proposals
   Pemegang Saham Pengendali.                                          regarding the composition of the Company’s management to
                                                                       the controlling Shareholders.
10. Fungsi pengawasan risiko telah dijalankan melalui Komite       10. Risk monitoring function is carried out through the Risk
    Pemantau Risiko dan Investasi yang memberikan rekomendasi          Monitoring Committee that provides recommendations to the
    kepada Dewan Komisaris dalam rangka mendukung efektivitas          Board of Commissioners in supporting the effectiveness of the
    pelaksanaan tugas dan tanggung jawab Dewan Komisaris yang          implementation of duties and responsibilities of the Board of
    berkaitan dengan manajemen risiko.                                 Commissioners in relation to risk management.




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MEKANISME PELAKSANAAN TUGAS                                        MECHANISM FOR IMPLEMENTING THE
PENGAWASAN DEWAN KOMISARIS                                         SUPERVISORY DUTIES OF THE BOARD OF
                                                                   COMMISSIONERS
Dewan Komisaris melaksanakan fungsi, tugas, dan kewajibannya       The Board of Commissioners performs its functions, duties, and
dilakukan melalui mekanisme sebagai berikut:                       obligations through a mechanism as follows:
1. Mekanisme Rapat Dewan Komisaris yang dilakukan secara           1. The mechanism of the Board of Commissioners’ meetings
    internal Dewan Komisaris, atau dengan mengundang Direktur          is carried out internally in the Board of Commissioners, or
    atau Manajemen terkait agenda pembahasan serta rapat               by inviting a Director or Management officials related to the
    Dewan Komisaris bersama Direksi secara rutin.                      agenda of discussion as well as routine joint meetings between
                                                                       the Board of Commissioners and the Board of Directors.
2. Peran aktif Komite-komite di bawah Dewan komisaris dalam        2. The active role of the committees under the Board of
   membantu dan mendukung kelancaran tugas Dewan Komisaris             Commissioners in assisting and supporting the smooth run
   antara lain melalui pelaksaan rapat-rapat Komite, serta             of duties implementation of the Board of Commissioners,
   pelaksanaan/pembuatan evaluasi, kajian atau penelaahan              among others, through the implementation of Committee
   terhadap hal-hal yang menjadi tugas Dewan Komisaris.                meetings, as well as implementation of assessments, reviews
                                                                       or analysis of matters that are part of the duties of the Board
                                                                       of Commissioners.
3. Pemberian arahan, pendapat atau keputusan Dewan Komisaris       3. Providing directives, opinions or decisions of the Board of
   secara tertulis kepada Direksi sebagai:                             Commissioners in writing to the Board of Directors which
                                                                       serve as the following:
     a. Tindak lanjut hasil Rapat Dewan Komisaris atau rapat           a. Follow-up on results of the Board of Commissioners
        Dewan Komisaris bersama Direksi.                                    Meeting or Joint Meeting of the Board of Commissioners
                                                                            with the Board of Directors.
   b. Tanggapan terhadap permohonan persetujuan, konsultasi            b. A response to request for approval, consultation or
       atau usulan yang disampaikan oleh Direksi kepada Dewan               suggestion presented by the Board of Directors to the
       Komisaris, serta informasi mengenai permasalahan-                    Board of Commissioners, as well as information on
       permasalahan yang bersifat strategis dan signifikan                  problems considered strategic and significant based
       berdasarkan hasil evaluasi dan penelaahan Dewan                      on results of assessment and analysis by the Board of
       Komisaris.                                                           Commissioners.
4. Pelaksanaan kunjungan kerja Dewan Komisaris ke lingkungan       4. Working visits by the Board of Commissioners to areas of the
   unit kerja maupun Anak Perusahaan Perseroan serta                   Company’s work units and of Subsidiaries as well as providing
   pemberian arahan dan pendapat Dewan Komisaris kepada                directives and opinions to the Board of Directors based on
   Direksi berdasarkan hasil kunjungan Kerja Dewan Komisaris           results of the Board of Commissioners’ working visits.
   dimaksud.


 KUNJUNGAN KERJA DEWAN KOMISARIS DAN KOMITE DI 2024
 Management Walkthrough of the Board of Comissioners and Committee in 2024

 No.        Lokasi             Proyek               Nama                                         Jabatan
           Location            Project              Name                                         Posision

 1      Bojonegoro       WH Kalitidu         Nur Endro Buwono      Komisaris
                                                                   Commissioner
                         EFK PEPC            Denie S. Tampubolon   Komisaris Independen
                                                                   Independent Commissioner
 2      Jakarta          WH Cakung           Nur Endro Buwono      Komisaris
        (Cakung & BSD)                                             Commissioner
                         PND - Taman Tecno   Denie S. Tampubolon   Komisaris Independen
                                                                   Independent Commissioner
                                             Taufiq Martakusuma    Komite Pemantau Risiko dan Investasi
                                                                   Risk Monitoring and Investment Committee
                         WH BSD              Widianto Soepeno      Komite Pemantau Risiko dan Investasi
                                                                   Risk Monitoring and Investment Committee

                                             Yudo Irianto          Komite Nominasi, Remunerasi dan Good Corporate Governance (GCG)
                                                                   Nomination, Remuneration and Good Corporate Governance (GCG) Committee
 3      Cirebon          EWL Zona 7/WH       Denie S. Tampubolon   Komisaris Independen
                         Mundu                                     Independent Commissioner
                         CTU Zona 7          Adil Nusyirwan        Komite Audit
                                                                   Audit Committee
                         OM Static
                         DFS Zona 7

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 4     Pekanbaru         WH Duri & OM PHR      Eko Ariantoro          Komisaris Utama merangkap Komisaris Independen
                                                                      President Commissioner concurrently Independent Commissioner
                         Project EFK WTP       Nur Endro Buwono       Komisaris
                                                                      Commissioner
                         Welltest Minas        Widianto Soepeno       Komite Pemantau Risiko dan Investasi
                                                                      Risk Monitoring and Investment Committee
                         GRS 3D Lisaman
 5     Prabumulih        EFK Prabumulih        Denie S. Tampubolon    Komisaris Independen
                                                                      Independent Commissioner
                         GRS 3D Corridor       Widianto Soepeno       Komite Pemantau Risiko dan Investasi
                                                                      Risk Monitoring and Investment Committee
                         EWL Unit
                         EPC OM TAP
 6     Balikpapan        ELSA 4                Eko Ariantoro          Komisaris Utama merangkap Komisaris Independen
                                                                      President Commissioner concurrently Independent Commissioner
                         ELSA 7
                         EHR 05 (Sea Haven     Maryanto Makhdori      Komite Audit
                         Barge)                                       Audit Committee
                         ELSA 8
 7     Jambi             EPN IT Makassar       Eko Ariantoro          Komisaris Utama merangkap Komisaris Independen
                                                                      President Commissioner concurrently Independent Commissioner
                         EPN IT Donggala
                         H2S                   Nur Endro Buwono       Komisaris
                                                                      Commissioner
                         EWL


KEPUTUSAN YANG MEMERLUKAN                                             DECISIONS REQUIRING THE APPROVAL OF THE
PERSETUJUAN DEWAN KOMISARIS                                           BOARD OF COMMISSIONERS
Selama tahun 2024, tindakan yang dilakukan oleh Direksi               During the year 2024, actions carried out by the Board of Directors
Perusahaan yang memerlukan persetujuan tertulis dari Dewan            of the Company that require written approval from the Board of
Komisaris sesuai dengan Anggaran Dasar Perseroan Pasal 18             Commissioners in accordance with Article 18 of the Company’s
antara lain sebagai berikut:                                          Articles of Association, among others as follows:
1. Penyelenggaraan RUPS Tahunan dan Luar Biasa untuk tahun            1. Implementation of Annual and Extraordinary GMS for the
    buku 2023.                                                            financial year 2023.
2. Pelaksanaan evaluasi auditor eksternal tahun buku 2023 dan         2. Evaluation of external auditors for fiscal year 2023 and
    penunjukan auditor eksternal tahun buku 2024.                         appointment of external auditors for fiscal year 2024.
3. Persetujuan atas investasi baik di Unit Bisnis Perusahaan          3. Approval of investments in both the Company’s Business Units
    maupun Anak Perusahaan.                                               and Subsidiaries.
4. Persetujuan fasilitas pembiayaan.                                  4. Approval of financing facilities.
5. Persetujuan Rencana Kerja dan Anggaran Perusahaan                  5. Approval of the Company’s Work Plan and Budget Year 2025.
    Tahun 2025.
6. Persetujuan pengangkatan Pejabat Strategis di lingkungan           6. Approval of the appointment of Strategic Officers within the
    grup Perseroan dan Direksi Anak Perusahaan.                          Company’s group and Directors of Subsidiaries.

PROGRAM ORIENTASI DAN PENGENALAN                                      ORIENTATION AND INDUCTION PROGRAM
ANGGOTA KOMISARIS BARU                                                FOR NEW COMMISSIONERS
Program orientasi dan pengenalan bagi anggota Dewan                   The orientation and induction program for new members of the
Komisaris baru disampaikan dengan cara penyampaian dokumen,           Board of Commissioners is administered by means of providing
pemaparan atau penjelasan yang dapat dilakukan oleh Sekretaris        documents, presentation or explanation that may be carried out
Perusahaan, Divisi-divisi atau unit-unit terkait, yang secara umum    by the Corporate Secretary, related Divisions or Units, of which in
antara lain mencakup informasi/hal-hal sebagai berikut:               general may include the following information/matters:
1. Visi, misi, struktur organisasi Perseroan, kegiatan usaha/bisnis   1. Vision, mission, Company organizational structure, business
    dan jaringan operasional;                                             activities and operational network;
2. Laporan Tahunan, Rencana Kerja dan Anggaran Perusahaan             2. Annual Report, Company Work Plan and Budget (RKAP) and
    (RKAP) dan Rencana Jangka Panjang Perusahaan (RJPP), Kode             Company Long-Term Plan (RJPP), Company Code of Ethics,
    Etik Perseroan, Budaya Kerja, Pedoman Tata Tertib Kerja               Work Culture, Guidelilnes for the Board of Commissioners’
    Dewan Komisaris, dan Anggaran Dasar Perseroan;                        Work Rules, and Regulations;




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3. Good Corporate Governance (rangkap jabatan, kepemilikan            3. Good Corporate Governance (concurrent position, share
   saham dan Komisaris Independen);                                      ownership and independen commissioner);
4. Tugas, wewenang dan tanggung jawab Dewan Komisaris                 4. Duties, authorities and responsibilities of the Boardof
   dan Direksi, pendelegasian kewenangan serta batasan                   Commissioners and the Board of Directors, delegation of
   kewenangan Dewan Komisaris dalam melakukan tugas                      authority as well as limitation of authority of the Board of
   pengawasan terhadap perseroan berdasarkan peraturan                   Commissioners in carrying out supervisory duties on the
   perundang-undangan yang berlaku;                                      company based on applicable laws and regulations;
5. Komite-komite di bawah Dewan Komisaris yang dibentuk               5. Committees under the Board of Commissioners formed and
   dan bertanggung jawab langsung terhadap Dewan Komisaris,              responsible directly to the Board of Commissioners, Secretar
   Sekretaris Dewan Komisaris dan Kesekretariatan Dewan                  to the Board of Commissioners and the Secretariate of the
   Komisaris yang membantu kelancaran tugas Dewan Komisaris;             Board of Commissioners that assists the smooth run the
                                                                         duties implementation of the Board of Commissioners.
6. Remunerasi dan fasilitas yang diberikan kepada anggota             6. Remuneration and facilities provided to members of the Board
   Dewan Komisaris.                                                      of Commissioners.

Pada tanggal 19-24 Januari 2024 telah dilakukan serangkaian           On January 19–24, 2024, a series of orientation and induction
program pengenalan perusahaan untuk anggota Dewan Komisaris           programs were held for the new members of the Board of
yang baru diangkat berdasarkan Keputusan RUPS Luar Biasa 17           Commissioners appointed based on the Resolutions of the
Januari 2024, yakni kepada Bapak Nur Endro Buwono dan Bapak           Extraordinary GMS of January 17, 2024, namely for Nur Endro
Denie S. Tampubolon. Sedangkan untuk anggota Dewan Komisaris          Buwono and Denie S. Tampubolon. As for the newly appointed
yang baru diangkat berdasarkan Keputusan RUPS Tahunan 15              members of the Board of Commissioners based on the Resolution
Mei 2024, yakni kepada Bapak Eko Ariantoro dan Bapak Ariana           of the Annual GMS on 15 May 2024, namely Mr. Eko Ariantoro
Soemanto, program pengenalan perusahaan telah diselenggarakan         and Mr. Ariana Soemanto, the company introduction program was
pada tanggal 20 Mei 2024.                                             held on May 20, 2024.

KEBIJAKAN KEPEMILIKAN SAHAM ANGGOTA                                   POLICY ON SHARE OWNERSHIP BY MEMBERS
DEWAN KOMISARIS PERUBAHANNYA                                          OF THE BOARD OF COMMISSIONERS AND ITS
                                                                      AMENDMENTS
Perseroan mewajibkan Dewan Komisaris untuk mengungkapkan              The Company is requiring members of the Board of Commissioners
kepemilikan sahamnya baik, pada Perseroan maupun pada                 to disclose their share ownership in the Company as well as in other
perusahaan lain yang berkedudukan di dalam dan di luar negeri.        companies both domestically and overseas. For every change in
Setiap adanya perubahan portofolio kepemilikan saham Dewan            the share ownership portfolio of the Board of Commissioners in
Komisaris di Perseroan, maka Dewan Komisaris wajib melaporkan         the Company, the Board of Commissioners is obligated to report
kepada Vice Preident (VP) Corporate Secretary melalui penyerahan      to the Corporate Secretary Vice President (VP) through the
Daftar Khusus Kepemilikan Saham untuk selanjutnya disampaikan         submission of the Special List of Share Ownership to be further
kepada Otoritas Pasar Modal.                                          submitted to the Capital Market Authority.

Berdasarkan ketentuan POJK No. 4 Tahun 2024 tentang Laporan           Based on the provisions of POJK No. 11/POJK.04/2017 regarding
Kepemilikan atau Setiap Perubahan Kepemilikan Saham                   Ownership Report or Any Changes in Share Ownership of Public
Perusahaan Terbuka dan Laporan Aktivitas Menjaminkan Saham            Companies and Activity Report on Pledging Shares of Public
Perusahaan Terbuka, Dewan Komisaris wajib melaporkan kepada           Companies, it is mandatory for the Board of Commissioners to report
Otoritas Jasa Keuangan atas kepemilikan dan setiap perubahan          to the Financial Services Authority on the ownership and every
kepemilikan saham Elnusa. Laporan tersebut wajib disampaikan          change in share ownership in ELNUSA. This report must be submitted
paling lambat 5 (lima) hari kerja sejak terjadinya kepemilikan atau   at the last in 5 (five) business days from the occurrence of ownership
setiap perubahan kepemilikan hak suara atas saham ELNUSA.             or any change in ownership of voting rights over ELNUSA shares.

Dewan Komisaris juga dapat memberikan kuasa tertulis kepada VP        The Board of Commissioners may also provide written power
Corporate Secretary untuk melaporkan kepemilikan dan perubahan        of attorney to the Corporate Secretary VP to report the share
kepemilikan sahamnya atas Elnusa dan disampaikan paling lambat        ownership and change in ownership in Elnusa and submit at
5 (lima) hari kerja sejak terjadinya perubahan kepemilikan atas       the latest in 5 (five) work days since the change in ownership of
saham Perseroan tersebut kepada OJK. Kepemilikan saham Dewan          the Company’s shares to the OJK. The share ownership of the
Komisaris Perseroan selama 2024 dapat dilihat pada tabel di           Company’s Board of Commissioners during 2024 can be seen in
bawah ini:                                                            the table below:




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KEPEMILIKAN SAHAM DEWAN KOMISARIS PERIODE HINGGA 17 JANUARI 2024
Board of Commissioners Share Ownership Period until January 17, 2024

                                                                                                            Kepemilikan Saham
                           Nama                                              Jabatan                            Perseroan
                           Name                                              Position                        Ownership of the
                                                                                                             Company’s Shares

 Agus Prabowo                                             Komisaris Utama                                          Nihil
                                                          President Commissioner                                    Nil
 Lusiaga Levi Susila                                      Komisaris Independen                                     Nihil
                                                          Independent Commissioner                                  Nil
 Hernawan Bekti Sasongko                                  Komisaris Independen                                     Nihil
                                                          Independent Commissioner                                  Nil
 Wakhid Hasyim                                            Komisaris                                                Nihil
                                                          Commissioner                                              Nil


KEPEMILIKAN SAHAM DEWAN KOMISARIS PERIODE 17 JANUARI 2024-15 MEI 2024
Board of Commissioners Share Ownership Period until January 17, 2024-May 15, 2024

                                                                                                            Kepemilikan Saham
                       Nama                                               Jabatan                               Perseroan
                       Name                                               Position                           Ownership of the
                                                                                                             Company’s Shares

 Nur Endro Buwono                                   Komisaris Utama                                                Nihil
                                                    President Commissioner                                          Nil
 Lusiaga Levi Susila                                Komisaris Independen                                           Nihil
                                                    Independent Commissioner                                        Nil
 Denie S. Tampubolon                                Komisaris                                                      Nihil
                                                    Commissioner                                                    Nil
 Wakhid Hasyim                                      Komisaris                                                      Nihil
                                                    Commissioner                                                    Nil


KEPEMILIKAN SAHAM DEWAN KOMISARIS PERIODE 15 MEI 2024-LAPORAN TAHUNAN TERBIT
Board of Commissioners Share Ownership Period until May 15, 2024-Publication of This Annual Report

                                                                                                            Kepemilikan Saham
                       Nama                                               Jabatan                               Perseroan
                       Name                                               Position                           Ownership of the
                                                                                                             Company’s Shares

 Eko Ariantoro                                      Komisaris Utama merangkap Komisaris Independen                 Nihil
                                                    President Commissioner concurrently Independent                 Nil
                                                    Commissioner
 Nur Endro Buwono                                   Komisaris                                                      Nihil
                                                    Commissioner                                                    Nil
 Denie S. Tampubolon                                Komisaris Independen                                           Nihil
                                                    Independent Commissioner                                        Nil
 Ariana Soemanto                                    Komisaris                                                      Nihil
                                                    Commissioner                                                    Nil


Selama tahun 2024, tidak terdapat perubahan kepemilikan saham      During 2024, there was no change in the share ownership of the
yang dimiliki Dewan Komisaris di Perusahaan karena anggota         Board of Commissioners in the Company as none of the members
Dewan Komisaris tidak ada yang memiliki saham di Elnusa.           of the Board of Commissioners owned shares in Elnusa.

KEBIJAKAN RANGKAP JABATAN DEWAN                                    POLICY ON CONCURRENT POSITION OF THE
KOMISARIS                                                          BOARD OF COMMISSIONERS
Ketentuan mengenai rangkap jabatan Dewan Komisaris ELNUSA          Provisions on concurrent position of Elnusa’s Board of
juga tercantum dalam Peraturan Otoritas Jasa Keuangan No. 33/      Commissioners are also stated in the Financial Services Authority
POJK.04/2014 tentang Direksi dan Dewan Komisaris Emiten atau       Regulation No. 33/ POJK.04/2014 regarding the Board of Directors
Perusahaan Publik serta Peraturan Perundang-undangan lainnya.      and the Board of Commissioners of Issuers or Public Companies as
                                                                   well as in other Laws and Regulations.



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RANGKAP JABATAN DEWAN KOMISARIS PADA                                 CONCURRENT POSITION OF THE BOARD OF
PERUSAHAAN/INSTANSI LAIN                                             COMMISSIONERS IN OTHER COMPANIES/
                                                                     INSTITUTIONS

RANGKAP JABATAN DEWAN KOMISARIS PERIODE HINGGA 17 JANUARI 2024
Concurrent Position of Board of Commissioners Period until January 17, 2024

               Nama             Jabatan pada Perusahaan Lain         Jabatan pada Instansi Lain pada Saat Menjabat sebagai Komisaris
               Name              Position in Other Companies        Position in Other Institutions at the Time of Serving as Commissioner

 Agus Prabowo                                 –                 Staf Khusus Menteri PUPR Bidang Pengadaan
                                                                Special Staff to the Minister of Public Works and Public Housing for
                                                                Procurement
 Lusiaga Levi Susila                          –                 –
 Hernawan Bekti Sasongko                      –                 –
 Wakhid Hasyim                                –                 Sekretaris Badan Pengembangan Sumber Daya Manusia, Kementerian
                                                                Energi dan Sumber Daya Mineral
                                                                Secretary to the Human Resource Development Agency, Ministry of
                                                                Energy and Mineral Resources


RANGKAP JABATAN DEWAN KOMISARIS PERIODE 17 JANUARI 2024-15 MEI 2024
Concurrent Position of Board of Commissioners Period January 17-May 15, 2024

               Nama             Jabatan pada Perusahaan Lain         Jabatan pada Instansi Lain pada Saat Menjabat sebagai Komisaris
               Name              Position in Other Companies        Position in Other Institutions at the Time of Serving as Commissioner

 Nur Endro Buwono                             –                 –
 Lusiaga Levi Susila                          –                 –
 Denie S. Tampubolon                          –                 –
 Wakhid Hasyim                                –                 Sekretaris Badan Pengembangan Sumber Daya Manusia, Kementerian
                                                                Energi dan Sumber Daya Mineral
                                                                Secretary to the Human Resource Development Agency, Ministry of
                                                                Energy and Mineral Resources



RANGKAP JABATAN DEWAN KOMISARIS PERIODE 15 MEI 2024-LAPORAN TAHUNAN TERBIT
Concurrent Position of Board of Commissioners Period May 15-Publication of This Annual Report

               Nama             Jabatan pada Perusahaan Lain         Jabatan pada Instansi Lain pada Saat Menjabat sebagai Komisaris
               Name              Position in Other Companies        Position in Other Institutions at the Time of Serving as Commissioner

 Eko Ariantoro                                –                 –
 Nur Endro Buwono                             –                 –
 Denie S. Tampubolon                          –                 –
 Ariana Soemanto                              –                 Direktur Pembinaan Usaha Hulu Minyak dan Gas Bumi di Direktorat
                                                                Jenderal Minyak dan Gas Bumi
                                                                Director of Upstream Oil and Gas Business Development at the
                                                                Directorate General of Oil and Gas




PENGELOLAAN BENTURAN KEPENTINGAN                                     MANAGEMENT OF CONFLICT OF INTEREST OF
DEWAN KOMISARIS                                                      THE BOARD OF COMMISSIONERS
Benturan kepentingan merupakan suatu kondisi di mana                Conflict of interest is a condition where the Company’s economic
kepentingan ekonomis Perusahaan berbenturan dengan                  interests are conflicting with personal economic interests. In this
kepentingan ekonomis pribadi. Atas hal tersebut maka Anggota        respect, Members of the Board of Commissioners must always be
Komisaris hendaknya senantiasa harus:                               in such positions as follows:
1. Mengutamakan kepentingan Perseroan dan tidak mengurangi          1. Prioritize the interests of the Company and not reducing the
   keuangan Perseroan dalam hal terjadi benturan kepentingan;            Company’s finances in the event a conflict of interest occurs;
2. Menghindari diri dari pengambilan keputusan dalam situasi        2. Avoid having to make decisions in such situation and condition
   dan kondisi adanya benturan kepentingan;                              with conflict of interest;




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3. Melakukan pengungkapan hubungan kekeluargaan, hubungan                3. Disclose family relationships, financial relationships,
   keuangan, hubungan kepengurusan, hubungan kepemilikan                    management relationships, ownership relationships with
   dengan Anggota Komisaris lain dan/atau anggota Direksi dan/              Other Members of the Board of Commissioners and/or
   atau pemegang saham pengendali dan atau pihak lainnya                    the members of the Board of Directors and/or controlling
   dalam rangka bisnis Perseroan;                                           shareholders and/or other parties in the context of the
                                                                            Company’s business;
4. Melakukan pengungkapan dalam hal pengambilan                          4. Disclosure in the context of decision making must remain in
   keputusan tetap harus diambil pada kondisi adanya benturan               such condition with conflict of interest.
   kepentingan.

PENGEMBANGAN KOMPETENSI DEWAN                                            COMPETENCY DEVELOPMENT OF THE BOARD
KOMISARIS                                                                OF COMMISSIONERS

Kebijakan Pelatihan dan/atau Peningkatan                                 Policy on Training and/or Competency
Kompetensi Dewan Komisaris                                               Development of the Board of Commissioners
Sebagaimana diatur juga di dalam Program Kerja Dewan Komisaris,          As also regulated in the Work Program of the Board of
program pengembangan kompetensi Dewan Komisaris dilakukan                Commissioners, the competency development program of the
di antaranya untuk mendukung pelaksanaan tugas Dewan                     Board of Commissioners, among others, is set to support the
Komisaris untuk mencapai pertumbuhan yang berkelanjutan dan              implementation of duties of the Board of Commissioners in order
pengelolaan yang efektif. Perseroan memfasilitasi dilakukannya           to accomplish sustainable growth and effective management.
pengembangan kompetensi melalui program pelatihan bagi                   The Company facilitates the administration of the competency
Dewan Komisaris sejalan dengan industri dan tata kelola yang             development through training programs for the Board of
terus berkembang. Komitmen tersebut tercermin dari pelatihan             Commissioners that are in line with the continuously developing
yang diikuti oleh Dewan Komisaris sepanjang tahun 2024.                  industry and governance. Such commitment is reflected from the
                                                                         training followed by the Board of Commissioners throughout the
                                                                         year 2024.

REALISASI PENGEMBANGAN KOMPETENSI
Competency Development Realization

       Nama           Nama Pelatihan                Tempat                       Tanggal                   Penyelenggara/Pemateri
       Name            Training Name                 Place                        Date                       Organizer/Presenter

 Eko Ariantoro      Certified Risk        PHE Tower, Jakarta              17 Mei 2024              PT Indonesia Business & Risk Advisory
                    Professional
 Nur Endro Buwono   Chartered             Diselenggarakan secara          8 Juni–31 Agustus 2024   PPA FEB UI
                    Accountant            daring                          June 8–August 31, 2024
                    Foundation Level      Held online
 Eko Ariantoro      TBOSIET               STS Training Center, Niffaro    1–2 Agustus 2024         PT Safety Training Solusindo
                                          Park Jakarta Selatan            August 1–2, 2024
 Nur Endro Buwono
                                          STS Training Center, Niffaro
                                          Park South Jakarta
 Eko Ariantoro      Workshop Dewan        Pullman Ciawi Vimalla Hills,    16–17 Oktober 2024       Direktorat Jenderal Energi Baru,
                    Komisaris-Komite      Bogor, Jawa Barat               October 16–17, 2024      Terbarukan, dan Konservasi Energi
 Nur Endro Buwono
                    Board of              Pullman Ciawi Vimalla Hills,                             Directorate General of New, Renewable
 Denie S            Commissioners         Bogor, West Java                                         Energy and Energy Conservation
 Tampubolon         Workshop -
                    Committee
 Ariana Soemanto
 Nur Endro Buwono   Legal Preventive      Graha Elnusa, Jakarta           8 November 2024          PT Elnusa Tbk
                    Program: Pengaruh                                     November 8, 2024
 Denie S
                    Peraturan
 Tampubolon
                    Perundang
                    -undangan yang
                    Diberlakukan untuk
                    BUMN terhadap
                    Elnusa
                    Legal Preventive
                    Program: Impact of
                    the Prevailing Laws
                    and Regulations for
                    SOE of Indonesia
                    on Elnusa




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       Nama            Nama Pelatihan                Tempat                  Tanggal                   Penyelenggara/Pemateri
       Name             Training Name                 Place                   Date                       Organizer/Presenter

 Eko Ariantoro       Building Resilience   Graha Elnusa, Jakarta     13 Desember 2024          PT Elnusa Tbk
                     & Ensure
 Nur Endro Buwono
                     Continuity of
 Denie S             Operations
 Tampubolon
 Ariana Soemanto


KELENGKAPAN ORGAN DEWAN KOMISARIS                                   EXTENSIVENESS OF THE ORGAN OF THE
                                                                    BOARD OF COMMISSIONERS
Pembentukan dan pelaksanaan Sekretariat Dewan Komisaris             The establishment and implementation of the Board of
dan Komite-komite di bawah Dewan Komisaris dilakukan dengan         Commissioners Secretariat and the Committees under the Board of
memperhatikan Peraturan perundang-undangan yang berlaku             Commissioners are carried out with takin ginto account the applicable
antara lain Peraturan Otoritas Jasa Keuangan (POJK) serta           Laws and Regulation including the Financial Services Authority
Peraturan Menteri Badan Usaha Milik Negara (BUMN) No. PER-3/        Regulations (POJK) as well as Regulations of the Minister of State-
MBU/03/2023 tentang Organ dan Sumber Daya Manusia Badan             Owned Enterprises (BUMN) No. PER-3/MBU/03/2023 regarding the
Usaha Milik Negara.                                                 Organ and Human Capital of State-Owned Enterprises.

Komite-komite di bawah Dewan Komisaris                              Committees under the Board of Commissioners
Komite-komite di bawah Dewan Komisaris terdiri dari Komite Audit,   Committees under the Board of Commissioners consist of the
Komite Nominasi dan Remunerasi dan Good Corporate Governance        Audit Committee, Nomination and Remuneration Committee
(GCG) serta Komite Pemantau Risiko dan Investasi. Setiap Komite     as well as the Risk Monitoring Committee. Each Committee
memiliki suatu pedoman yang mengatur tata cara pengangkatan,        retains the guidelines that regulate the rules and procedures in
pemberhentian dan pengaturan tugas yang secara terus menerus        the appointment, dismissal and assignment of duties which are
disempurnakan dan diperbarui sesuai dengan perkembangan/            continually updated in accordance with the development/changes
perubahan peraturan hukum yang berlaku serta kondisi terkini.       in applicable legal regulations as well as in most current conditions.

Sejalan dengan penambahan struktur organisasi di induk usaha        In line with the addition of the organizational structure in the
Perseroan dan pentingnya pengelolaan risiko yang efektif dalam      Company’s parent company and the importance of effective risk
rangka mewujudkan Tata Kelola yang baik di internal Perseroan,      management in order to realize good governance within the
maka pada 4 Juni 2024 dilakukan perubahan penamaan dan fungsi       Company, on June 4, 2024, a change in the naming and function of
di Komite Pemantau Risiko menjadi Komite Pemantau Risiko dan        the Risk Monitoring Committee to become the Risk and Investment
Investasi dan perubahan nama Komite Nominasi dan Remunerasi         Monitoring Committee and a change in the name of the Nomination
menjadi Komite Nominasi, Remunerasi dan Good Corporate              and Remuneration Committee to become the Nomination,
Governance.                                                         Remuneration and Good Corporate Governance Committee.

Mekanisme Kerja Komite-komite di Bawah                              Work Mechanism of Committees under the Board
Dewan Komisaris                                                     of Commissioners
Komite-komite di bawah Dewan Komisaris melaksanakan tugasnya        Committees under the Board of Commissioners carry out
sesuai Piagam dan Program Rencana Kerja masing-masing Komite        their duties in accordance with the Charter and Work Plan
yang ditetapkan dalam rangka membantu pelaksanaan tugas             Program of each Committee set-forth in the context to assist
Dewan Komisaris, dengan melakukan pemantauan, penelaahan/           the implementation of duties of the Board of Commissioners, by
reviu serta pemberian saran atau rekomendasi kepada Dewan           conducting monitoring, review as well as provide recommendation
Komisaris terhadap hal-hal yang terkait dengan fungsi dan tugas     to the Board of Commissioners on matters related to the functions
komite-komite yang bersangkutan melalui mekanisme sebagai           and duties of the concerned committees through the following
berikut:                                                            mechanism:
1. Komite melakukan rapat baik secara internal maupun dengan        1. Committees conduct meetings both internally as well as with
    mengundang Direktur terkait, satuan dan/atau divisi dan/atau         inviting related Directors, units and/or divisions.
    unit terkait.
2. Komite melakukan penelaahan/evaluasi/reviu serta diskusi/        2. Committees conduct reviews/ evaluations as well as
    pembahasan di luar forum rapat yang apabila diperlukan             discussions outside of the meeting forums when required to
    dilakukan diskusi bersama satuan atau divisi-divisi/unit-unit      hold discussions with related units or divisions.
    terkait.




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3. Hasil rapat atau evaluasi/reviu serta diskusi/pembahasan            3. Meeting results or reviews as well as discussions outside of
   di luar forum rapat disampaikan oleh Ketua Komite kepada               meeting forums are conveyed by the Committee Chairman
   Dewan Komisaris sebagai laporan baik secara tertulis atau              to the Board of Commissioners as report, both in writing and
   dalam forum Rapat Dewan Komisaris yang membahas agenda                 in Board of Commissioners Meeting forums that discuss the
   terkait.                                                               related agenda.

Penjelasan dan paparan mengenai masing-masing Komite                   Explanations on each of the Committee is available in its own sub-
disampaikan dalam sub bab tersendiri.                                  chapter.

RAPAT ANGGOTA KOMITE NON DEWAN                                         MEETINGS OF NON-BOARD OF
KOMISARIS                                                              COMMISSIONERS COMMITTEE MEMBERS
Selain rapat masing-masing Komite, juga diselenggarakan rapat          In addition to the meetings of each Committee, meetings of
anggota Komite yang bukan merupakan anggota Dewan Komisaris            Committee members who are not members of the Board of
untuk memastikan kelancaran aktivitas Dewan Komisaris.                 Commissioners are also held to ensure the smooth running of
Selama 2024, Anggota Komite Non Dewan Komisaris telah                  the Board of Commissioners’ activities. During 2024, Non-Board
menyelenggarakan 24 (dua puluh empat) rapat.                           of Commissioners Committee Members held 24 (twenty four)
                                                                       meetings.

AGENDA RAPAT ANGGOTA KOMITE NON DEWAN KOMISARIS
Meeting Agenda of Non-Board of Commissioners Committee Members

                                                                 Agenda
                                                                 Agenda
  1    Kinerja YTD Desember 2023
       YTD Performance December 2023
  2    Kinerja YTD Januari 2024
       YTD Performance January 2024
  3    Kinerja YTD Februari 2024
       YTD Performance February 2024
  4    Permohonan Persetujuan Investasi 2 Cementing Units dan 2 CTU Units
       Application for Investment Approval for 2 Cementing Units and 2 CTU Units
  5    Permohonan Persetujuan Investasi Pembelian Lahan dan Pembangunan Warehouse General Storage PT Sigma Cipta Utama
       Application for Investment Approval for Land Purchase and Construction of Warehouse General Storage PT Sigma Cipta Utama
  6    Rencana Penyelesaian Case Bank Mega
       Bank Mega Case Settlement Plan
  7    Permohonan Persetujuan Investasi Cementing Unit dan CTU
       Application for Investment Approval for Cementing Units and CTU Units
  8    Kinerja YTD Maret 2024
       YTD Performance March 2024
  9    Piagam dan Nomenklatur Komite-Komite di bawah Dewan Komisaris
       Charter and Nomenclature of Committees under the Board of Commissioners
 10    Kinerja YTD April 2024
       YTD Performance April 2024
 11    Enlargement Scope dan Piagam Komite-komite di bawah Dewan Komisaris
       Enlargement Scope and Charter of Committees under the Board of Commissioners
 12    a. Pembahasan Tata Kelola
       b. Finalisasi Piagam Komite-Komite di bawah Dewan Komisaris
       a. Discussion on Governance
       b. Finalization of Charter of Committees under the Board of Commissioners
 13    Kinerja YTD Mei 2024
       YTD Performance May 2024
 14    a. Pembahasan Tata Kelola
       b. Finalisasi Piagam Komite-Komite di bawah Dewan Komisaris
       a. Discussion on Governance
       b. Finalization of Charter of Committees under the Board of Commissioners
 15    Format dan Substansi Laporan Kinerja dalam Rapat Dewan Komisaris-Direksi
       Format and Substance of Performance Report in the Board of Commissioners-Directors Meeting
 16    Kinerja YTD Juni 2024
       YTD Performance June 2024
 17    Kinerja YTD Juli 2024
       YTD Performance July 2024
 18    Kinerja YTD Agustus 2024
       YTD Performance August 2024
 19    Kinerja YTD September 2024
       YTD Performance September 2024

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  20    Penyusunan Materi Retreat Dewan Komisaris-Direksi
        Preparation of the Board of Commissioners-the Board of Directors Retreat Materials
  21    Hasil Evaluasi Permohonan Persetujuan Investasi 74 Unit Mobil Tangki
        Evaluation Result of Investment Approval Request for 74 Tanker Trucks
  22    Kinerja YTD Oktober 2024
        YTD Performance October 2024
  23    Hasil Evaluasi Permohonan Persetujuan Investasi Terminal LPG Kolaka
        Evaluation Result of Investment Approval Request for Kolaka LPG Terminal
  24    Kinerja YTD November 2024
        YTD Performance November 2024


FREKUENSI DAN KEHADIRAN RAPAT ANGGOTA KOMITE NON DEWAN KOMISARIS
Frequency and Attendance of Non-Board of Commissioners Committee Meetings

         Nama                                  Jabatan saat Rapat                         Jumlah Rapat       Kehadiran       Persentase
         Name                                  Position at Meeting                      Number of Meeting    Attendance      Percentage

 Adil Nusyirwan            Anggota Komite Audit                                                        24              24           100%
                           Audit Committee Member
 Maryanto Makhdori         Anggota Komite Audit                                                        24              24           100%
                           Audit Committee Member
 Yudo Irianto              Anggota Komite NR dan GCG                                                   24              24           100%
                           NR and GCG Committee Member
 Widianto Soepeno          Anggota Komite Pemantau Risiko dan Investasi                                24              24           100%
                           Member of Risk and Investment Monitoring Committee
 Taufiq Martakusuma        Anggota Komite Pemantau Risiko dan Investasi                                24              20            83%
                           Member of Risk and Investment Monitoring Committee


PENILAIAN KINERJA KOMITE DI BAWAH                                         PERFORMANCE ASSESSMENT OF COMMITTEES
DEWAN KOMISARIS                                                           UNDER THE BOARD OF COMMISSIONERS
Dalam menjalankan tugas dan tanggung jawabnya, Dewan                      In carrying out its duties and responsibilities, the Board of
Komisaris dibantu oleh komite-komite di bawah Dewan Komisaris             Commissioners is assisted by committees under the Board of
yang terdiri dari Komite Audit, Komite Nominasi, Remunerasi dan           Commissioners consisting of the Audit Committee, Nomination
Good Coporate Governance (Komite NR dan GCG) serta Komite                 and Remuneration Committee as well as Risk Monitoring
Pemantau Risiko dan Investasi.                                            Committee and Investment Monitoring Committee.

PROSEDUR PENILAIAN                                                        ASSESSMENT PROCEDURES
Prosedur penilaian kinerja Komite di bawah Dewan Komisaris                Performance assessment of Committee under the Board of
dilakukan dengan mengevaluasi rencana program kerja tahunan               Commissioners is carried out by evaluating the annual work
sesuai KPI masing-masing Komite yang telah disepakati bersama             program plan in accordance with the Key Performance Indicator
dengan Dewan Komisaris beserta realisasinya.                              (KPI) of each Committee as mutually agreed with the Board of
                                                                          Commissioners along with its realization.

KRITERIA PENILAIAN                                                        CRITERIA OF ASSESSMENT
Evaluasi atau penilaian terhadap kinerja anggota komite meliputi          Assessment or evaluation of committee members’ performance
Indikator Penilaian Kinerja yang antara lain namun tidak terbatas         covers the Performance Assessment Indicators which include
pada kompetensi dan keahlian, kualitas output, kedisiplinan               but not limited to the competency and expertise, output quality,
dan tingkat kehadiran anggota komite yang bersangkutan pada               discipline and level of attendance of related committee members,
Perseroan, serta pelaksanaan tugas dan kewajiban sesuai dengan            as well as the implementation of duties and obligations according
piagam komite.                                                            to committee charter.

Hasil evaluasi dan penilaian sebagaimana dimaksud disampaikan             Results of the evaluation and assessment are presented as
sebagai rekomendasi kepada Dewan Komisaris untuk                          recommendations to the Board of Commissioners to extend or
memperpanjang atau melanjutkan atau mengakhiri pengangkatan               ends the appointment of concerned committee members in the
anggota komite yang bersangkutan pada perseroan.                          company.




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Pada tahun 2024, Dewan Komisaris menilai bahwa komite-komite           In 2024, the Board of Commissioners assessed that the committees
tersebut telah menjalankan fungsi, tugas, dan tanggung jawab           have carried out their functions, duties, and responsibilities
dengan baik yang terlihat dari:                                        appropriately well as shown from the following:
• Tercapainya seluruh Rencana/Program Kerja Komite-komite              • The accomplishment of the whole Work Program/Plan of the
    yang ditetapkan pada akhir tahun 2024, serta                           Committees set-forth at the end of the year 2024, and
• Pelaksanaan Rapat Komite dan tingkat kehadiran anggota               • The implementation of Committee Meetings and the level of
    Komite.                                                                attendance of members of the Committees.

Pelaksanaan program/rencana kerja komite-komite dilakukan              Implementation of the committees’ work program/plan is carried
melalui mekanisme rapat komite termasuk dengan mengundang              out through the mechanism of committee meeting including
Direktorat atau divisi-divisi/satuan kerja terkait serta penelaahan/   inviting related Directorate or divisions/work units as well as in-
evaluasi/review secara mendalam oleh masing-masing komite di           depth reviews by each of the committee outside of the meeting
luar forum rapat yang hasilnya disampaikan secara tertulis kepada      forums of which the results are conveyed in writing to the Board
Dewan Komisaris.                                                       of Commissioners.

Penjelasan lebih detil terkait fungsi, tugas, dan tanggung jawab       A more detailed explanation of the functions, duties and
masing-masing Komite dijelaskan lebih rinci pada bagian masing-        responsibilities of each Committee is provided in the respective
masing komite pada laporan tahunan ini.                                committee sections of this annual report.

Berdasarkan realisasi penyelesaian seluruh program/rencana             Based on the realization of the completion of all the work
kerja serta pelaksanaan tugasnya komite-komite di bawah Dewan          programs/plans as well as the implementation of the set duties
Komisaris yang ditetapkan dapat dilihat bahwa frekuensi dan            of committees under the Board of Commissioners, it is visible
tingkat kehadiran rapat dan laporan pelaksanaan kegiatan Komite        that the meeting frequency and level of attendance and report
Audit, Komite NR dan GCG serta Komite Pemantau Risiko dan              of activity implementation of the Audit Committee, Nomination
Investasi menunjukkan bahwa tiap-tiap komite telah menjalankan         and Remuneration Committee as well as Risk Monitoring
tugasnya dengan baik.                                                  Committee show that each committee has carried out their duties
                                                                       appropriately well.




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Direksi
    Board of Directors

Direksi merupakan organ tata kelola utama Perseroan yang           The Board of Directors is a company organ with the collective
memiliki tugas dan tanggung jawab secara kolektif untuk            duty and responsibility to manage the Company for the interests
melakukan pengelolaan atas Perseroan untuk kepentingan dan         and objectives of the Company in accordance with the provisions
tujuan Perseroan sesuai dengan ketentuan Anggaran Dasar serta      of the Articles of Association as well as to implement GCG at all
melaksanakan GCG pada seluruh tingkatan atau jenjang organisasi.   levels of the organization. In carrying out its duties, the Board of
Dalam melaksanakan tugasnya, Direksi bertanggung jawab kepada      Directors is responsible to the GMS as a form of accountability for
RUPS sebagai bentuk perwujudan akuntabilitas pengelolaan           managing the company according to the principles of corporate
Perseroan sesuai dengan prinsip-prinsip tata kelola perusahaan.    governance.

DASAR HUKUM PENGANGKATAN DIREKSI                                   LEGAL BASIS OF APPOINTMENT OF THE
                                                                   BOARD OF DIRECTORS
1. Undang-Undang No. 40 Tahun 2007 tentang Perseroan               1. Law No. 40 of Year 2007 regarding Limited Liability Companies.
   Terbatas.
2. Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014            2. Financial Services Authority Regulation No. 33/POJK.04/2014
   tentang Direksi dan Dewan Komisaris Emiten atau Perusahaan         regarding the Board of Directors and the Board of
   Publik.                                                            Commissioners of Issuers or Public Companies.
3. Anggaran Dasar Perseroan sebagaimana telah diubah dengan        3. Articles of Association of the Company as amended through
   No. 8 tanggal 17 Oktober 2022.                                     Deed No. 8 dated October 17, 2022.

MASA JABATAN DIREKSI                                               TERM OF OFFICE OF THE BOARD OF
                                                                   DIRECTORS
Berdasarkan Anggaran Dasar Perseroan, anggota Direksi menjabat     Based on the Company’s Articles of Association, members of
untuk jangka waktu terhitung sejak tanggal ditetapkan oleh RUPS    the Board of Directors are appointed for a certain period of time
dan berakhir pada penutupan RUPS Tahunan yang ke-3 setelah         effective as the date determined by the GMS and ends upon
pengangkatannya.                                                   closing of the third Annual GMS after the appointment.

KRITERIA DAN PERSYARATAN DIREKSI                                   CRITERIA AND REQUIREMENTS OF THE BOARD
                                                                   OF DIRECTORS
Seluruh anggota Direksi yang diangkat dan diberhentikan oleh       All members of the Board of Directors, appointed and dismissed
RUPS telah sesuai dengan Anggaran Dasar Perseroan serta sesuai     by the GMS, are in compliance with the Company’s Articles of
dengan persyaratan yang terdapat dalam Peraturan Otoritas          Association as well as in accordance with the requirements set-
Jasa Keuangan No. 33/POJK.04/2014 tentang Direksi dan Dewan        forth under the Financial Services Authority Regulation No. 33/
Komisaris Emiten atau Perusahaan Publik.                           POJK.04/2014 regarding the Board of Directors and the Board of
                                                                   Commissioners of Issuers or Public Companies.

Direksi berkewajiban untuk memenuhi syarat umum dan syarat         The Board of Directors must fulfill the general requirements and
khusus yang juga tertuang dalam Board Manual Perseroan, yang       specific requirements that are also stated in the Company’s Board
mencakup antara lain:                                              Manual which, among others, covers the following:
1. Persyaratan umum:                                               1. General Requirements:
    a. Orang perseorangan;                                             a. Individual;
    b. Memiliki akhlak, moral dan integritas yang baik;                b. Having good moral values, character and integrity;
    c. Mampu melaksanakan perbuatan hukum;                             c. Capable to carry out legal actions;
    d. Tidak pernah dinyatakan pailit oleh pengadilan dalam            d. Never been declared bankrupt by the court within the last
        waktu lima tahun terakhir sebelum pencalonan;                       five years prior to nomination;
    e. Tidak pernah menjadi Direktur yang dinyatakan bersalah          e. Never been a Director found guilty by the Court within the
        oleh Pengadilan dalam waktu lima tahun terakhir sebelum             last five years prior to nomination;
        pencalonan;
    f. Tidak boleh ada hubungan keluarga sedarah sampai                f.   There must be no by-blood family relationship up to
        dengan derajat ketiga, baik menurut garis lurus maupun              the third degree, either in a straight line or sideway line




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       garis ke samping atau hubungan semenda (menantu                    or through marital relationship (son/daughter-in-law
       atau ipar) dengan Direktur lain dan/atau Anggota Dewan             or brother/sister-in-law) with other Directors and/or
       Komisaris;                                                         Members of the Board of Commissioners;
   g. Tidak boleh merangkap jabatan lain yang dapat                    g. No concurrent position that may cause direct or indirect
       menimbulkan benturan kepentingan secara langsung                   conflict of interest with the Company and/or contrary to
       atau tidak langsung dengan Perseroan dan atau yang                 applicable laws and regulations;
       bertentangan dengan ketentuan peraturan perundang-
       undangan yang berlaku;
   h. Memiliki integritas dan moral yang baik;                        h. Having integrity and good morals;
   i. Berwatak baik dan mempunyai kemampuan untuk                     i. Having good character and have the ability to develop
       mengembangkan usaha guna kemajuan Perseroan;                      business for the advancement of the Company;
   j. Memiliki kompetensi, yaitu kemampuan dan pengalaman             j. Having competency, namely the capability and experience
       dalam bidang-bidang yang menunjang pelaksanaan tugas              in the fields that support the implementation of duties
       dan kewajiban Direksi;                                            and obligations of the Board of Directors;
   k. Memiliki komitmen untuk mematuhi peraturan                      k. Having the commitment to adhere to applicable laws and
       perundang-undangan yang berlaku;                                  regulations;
   l. Bukan pengurus partai politik dan/atau calon anggota            l. Not part of the administrator of a political party and/or
       legislatif.                                                       candidate member of legislative.
2. Persyaratan khusus:                                             2. Special Requirements:
   a. Memiliki pengalaman menangani korporasi sebagai senior          a. Having the experience in handling corporations as senior
       management dan dapat memberikan rekomendasi dan                   management and can provide recommendations and
       solusi yang diperlukan;                                           solutions as needed;
   b. Memahami ketentuan-ketentuan terkait dengan                     b. Understand the provisions related to ublic companies and
       perusahaan terbuka dan pasar modal;                               capital market;
   c. Berani dan cepat (less bureaucracy) di dalam pengambilan        c. Having courage and quickness (less bureaucracy) in
       keputusan;                                                        decision making;
   d. Mempunyai rekam jejak yang bersih dari aspek integritas;        d. Having a clean track record in terms of integrity;
   e. Memiliki leadership, sense of enterpreneurship, dan             e. Having leadership, sense of entrepreneurship and
       pengalaman;                                                       experience;
   f. Networking yang memadai dan interpersonal skill.                f. Having adequate networking and interpersonal skill.

3. Pertimbangan lainnya:                                           3. Other considerations:
   Keberagaman komposisi anggota Direksi dapat digunakan              Diversity in the composition of members of the Board of
   sebagai salah satu bahan pertimbangan dalam proses                 Directors may be used as a material to consider in processing
   nominasi dan suksesi anggota Direksi dengan memperhatikan          nomination and succession of members of the Board of
   pengetahuan, keahlian dan pengalaman yang sesuai                   Directors by paying attention to knowledge, expertise and
   dengan kebutuhan dan kondisi perusahaan sehingga                   experience in accordance with the needs and conditions
   mendapatkan komposisi yang optimal serta efektivitas dalam         of the Company so as to obtain optimal composition and
   pengambilan keputusan. Direksi Perseroan diwajibkan untuk          effectiveness in decision making. The Company’s Board of
   menandatangani surat pernyataan terkait dengan pemenuhan           Directors is obligated to sign a statement letter related to
   persyaratan tersebut di atas dan didokumentasikan oleh             the fulfillment of such requirements and documented by the
   Perseroan.                                                         Company.

Pengangkatan Direksi Perseroan telah melalui proses fit & proper   The appointment of the Company’s Board of Directors has
test (uji kemampuan dan kepatutan) yang dilakukan oleh pemegang    passed through the fit & proper test conducted by the controlling
saham pengendali sesuai dengan peraturan perundangan-              shareholder in accordance with prevailing laws and regulations
undangan yang berlaku dan ketentuan tata kelola perusahaan,        and provisions of corporate governance, to then be submitted to
untuk kemudian diajukan kepada RUPS untuk dilakukan proses         the GMS for further processing.
selanjutnya.




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Berikut adalah status uji kemampuan dan kepatutan Direksi               Following is the status of the fit and proper test of the Company’s
Perseroan sesuai dengan periode masa jabatan:                           Board of Directors according to the term of office:

PERIODE 17 JANUARI 2024-LAPORAN TAHUNAN TERBIT
Period of January 17, 2024–Publication of This Annual Report

            Nama                          Jabatan                    Hasil Fit & Proper Test                        Pelaksana
            Name                          Position                  Result of Fit & Proper Test                      Executor

 Bachtiar Soeria Atmadja     Direktur Utama                                   Lulus
                             President Director                               Pass
 Endro Hartanto              Direktur Operasi                                 Lulus
                             Director of Operation                            Pass
                                                                                                    PT Pertamina (Persero) selaku Pemegang
 Stanley Iriawan             Direktur Keuangan                                Lulus
                                                                                                    Saham Pengendali
                             Director of Finance                              Pass
                                                                                                    PT Pertamina (Persero) as Controlling
 Arief Prasetyo Handoyo      Direktur Pengembangan Usaha                      Lulus                 Shareholder
                             Director of Business Development                 Pass
 Hera Handayani              Direktur SDM & Umum                              Lulus
                             Director of Human Capital &                      Pass
                             General Affairs


Keterangan terkait dengan keberagaman dalam pendidikan,                 Information related to diversity in education, work experience
pengalaman kerja dan usia dapat dilihat secara rinci pada Bab           and age is available in details in the Chapter on Company Profile,
Profil Perusahaan, Sub Bab Identitas dan riwayat hidup singkat          Subchapter on Identity and Brief life history of members of the
anggota Direksi.                                                        Board of Directors.

KOMPOSISI DIREKSI                                                       COMPOSITION OF THE BOARD OF DIRECTORS
Komposisi Direksi Perseroan harus sedemikian rupa disesuaikan           The composition of the Company’s Board of Directors must be
dengan besarnya kegiatan kompleksitas bisnis Perseroan dan              adjusted to the scale of the Company’s business complexity
struktur organisasi sehingga memungkinkan pengambilan putusan           activities and the organizational structure that it allows for
yang efektif, tepat, dan cepat dalam rangka pencapaian tujuan-          effective, accurate, and quick decision-making to reach the
tujuan Perseroan.                                                       Company’s goals.

Sepanjang tahun buku 2024, komposisi Direksi telah mengalami 1          Throughout the year 2024 until the publication of this annual
(satu) kali perubahan sebagaimana yang telah diungkapkan dalam          report, the composition of the Board of Directors has changed 1
Laporan Tahunan sebelumnya. Adapun komposisi dan susunan                (one) times. A series of changes in the composition of the Board of
Direksi hingga Laporan Tahunan ini terbit adalah sebagai berikut:       Directors is as follows:

PERIODE 17 JANUARI 2024-LAPORAN TAHUNAN TERBIT
Period of January 17, 2024–Publication of This Annual Report

            Nama                           Jabatan                                                 Dasar Penunjukan
            Name                           Position                                               Basis of Appointment

 Bachtiar Soeria Atmadja     Direktur Utama                         Akta Pernyataan Keputusan Rapat No. 33 tanggal 17 Januari 2024 yang
                             President Director                     dibuat di hadapan Aulia Taufani, S.H. Notaris di Kota Administrasi Jakarta
                                                                    Selatan
                                                                    Deed of Statement of Meeting Resolution No. 33 dated December 17,
                                                                    2024 made before Aulia Taufani, S.H. Notary in the Administrative City of
                                                                    South Jakarta
 Endro Hartanto              Direktur Operasi                       Akta Pernyataan Keputusan Rapat No. 33 tanggal 17 Januari 2024 yang
                             Director of Operation                  dibuat di hadapan Aulia Taufani, S.H. Notaris di Kota Administrasi Jakarta
                                                                    Selatan
                                                                    Deed of Statement of Meeting Resolution No. 33 dated December 17,
                                                                    2024 made before Aulia Taufani, S.H. Notary in the Administrative City of
                                                                    South Jakarta
 Stanley Iriawan             Direktur Keuangan                      Akta Pernyataan Keputusan Rapat No. 33 tanggal 17 Januari 2024 yang
                             Director of Finance                    dibuat di hadapan Aulia Taufani, S.H. Notaris di Kota Administrasi Jakarta
                                                                    Selatan
                                                                    Deed of Statement of Meeting Resolution No. 33 dated December 17,
                                                                    2024 made before Aulia Taufani, S.H. Notary in the Administrative City of
                                                                    South Jakarta




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 Arief Prasetyo Handoyo       Direktur Pengembangan Usaha            Akta Pernyataan Keputusan Rapat No. 33 tanggal 17 Januari 2024 yang
                              Director of Business Development       dibuat di hadapan Aulia Taufani, S.H. Notaris di Kota Administrasi Jakarta
                                                                     Selatan
                                                                     Deed of Statement of Meeting Resolution No. 33 dated December 17,
                                                                     2024 made before Aulia Taufani, S.H. Notary in the Administrative City of
                                                                     South Jakarta
 Hera Handayani               Direktur SDM & Umum                    Akta Pernyataan Keputusan Rapat No. 8 tanggal 6 Juni 2023 yang dibuat
                              Director of Human Capital & General    di hadapan Aulia Taufani, S.H. Notaris di Kota Administrasi Jakarta Selatan
                              Affairs                                Deed of Statement of Meeting Resolution No. 8 dated June 6, 2023 made
                                                                     before Aulia Taufani, S.H. Notary in the Administrative City of South
                                                                     Jakarta



DIREKSI INDEPENDEN                                                      INDEPENDENT MEMBERS OF THE BOARD OF
                                                                        DIRECTORS
Hingga tahun 2024, Perseroan tidak memiliki Direktur Independen.        Until the year 2024, the Company did not retain Independent
                                                                        Director.

PEDOMAN DAN TATA TERTIB KERJA DIREKSI                                   WORK GUIDELINES AND RULES OF THE BOARD
                                                                        OF DIRECTORS
Dalam menjalankan tugas dan tanggung jawabnya, Direksi                  In discharging its duties and responsibilities, The Board of Directors
Perseroan memiliki Pedoman Kerja (Board Manual) yang                    of the Company has retained the Work Guidelines (Board Manual)
digunakan sebagai acuan dalam menjalankan tugas, tanggung               used as reference in carrying out its duties, responsibilities and
jawab dan wewenangnya. Board Manual tersebut berisi tentang             authorities. The Board Manual contains instructions on work
petunjuk tata laksana kerja Direksi serta menjelaskan tahapan           procedures for the Board of Directors as well as explanation on
aktivitas secara terstruktur, sistematis, mudah dipahami dan dapat      the stages of activities in structured manner, systematic, easy
dijalankan dengan konsisten untuk menjadi acuan bagi Direksi            to understand and may be carried out consistently serving as
dalam melaksanakan tugas sesuai dengan standar prinsip tata             reference for the Board of Directors in performing its duties in
kelola perusahaan untuk mencapai visi misi Perusahaan.                  accordance with the standard corporate governance to achieve
                                                                        the Company’s vision and mission.

Secara berkala Board Manual tersebut dievaluasi agar sejalan            The Board Manual is periodically evaluated to keep it aligned
dengan perubahan peraturan perundang-undangan yang berlaku              with regulatory changes and best corporate governance practices
dan praktik terbaik tata kelola Perusahaan yang disesuaikan dengan      that are customized to the Company’s needs. The Board Manual
kebutuhan Perseroan. Board Manual disusun berdasarkan prinsip-          is prepared based on company legal principles, provisions of the
prinsip hukum perusahaan, ketentuan anggaran dasar, peraturan           Articles of Association, applicable laws and regulations, directives
perundang-undangan yang berlaku, arahan dari pemegang saham             from the shareholders as well as corporate governance best
serta best practices tata kelola perusahaan.                            practices.

Ruang Lingkup Pedoman Kerja Direksi:                                    Scope of the Board Manual of the Board of Directors:
1. Fungsi Direksi                                                       1. Function of the Board of Directors
2. Tugas dan Kewajiban Direksi                                          2. Duties and Obligations of the Board of Directors
3. Hak dan Wewenang Direksi                                             3. Rights and Authorities of the Board of Directors
4. Persyaratan Direksi                                                  4. Requirements for the Board of Directors
5. Keanggotaan Direksi                                                  5. Membership of the Board of Directors
6. Rangkap Jabatan Direksi                                              6. Concurrent Position of the Board of Directors
7. Masa Jabatan Direksi                                                 7. Term of Office of the Board of Directors
8. Pemberhentian Anggota Direksi                                        8. Dismissal of Members of the Board of Directors
9. Pengunduran Diri Anggota Direksi                                     9. Resignation of Members of the Board of Directors
10. Keadaan Direksi Lowong                                              10. Vacant Position of Members of the Board of Directors
11. Pengalihan Tugas Sementara Anggota Direksi                          11. Temporary Transfer of Duties of Members of the Board of
                                                                            Directors
12. Rencana Pergantian atau Perubahan Direksi                           12. Plans for Replacement or Change in the Board of Directors
13. Independensi Direksi                                                13. Independency of the Board of Directors
14. Program Pengenalan dan Peningkatan Kapabilitas                      14. Introduction and Competency Development Program
15. Waktu Kerja Anggota Direksi                                         15. Working Hours of Members of the Board of Directors
16. Etika Jabatan Direksi                                               16. Code of Ethics of the Board of Directors




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17. Penetapan Kebijakan Pengurusan Perusahaan oleh Direksi      17. Determining the Company Management Policies by the Board
                                                                    of Directors
18. Pendelegasian Wewenang di antara Direktur Perusahaan        18. Delegation of Authorities among the Company’s Directors
19. Komposisi dan Pembagian Tugas Direksi                       19. Composition and Division of Duties of the Board of Directors
20. Rapat Direksi                                               20. Meetings of the Board of Directors
21. Organ Pendukung Direksi                                     21. Supporting Organs of the Board of Directors
22. Hubungan Kerja antara Dewan Komisaris dan Direksi           22. Work Relationship between the Board of Commissioners and
                                                                    the Board of Directors
23. Pertanggungjawaban Direksi                                  23. Accountability of the Board of Directors

TUGAS, KEWAJIBAN, DAN WEWENANG                                  DUTIES, OBLIGATIONS, AND AUTHORITY OF
DIREKSI                                                         THE BOARD OF DIRECTORS
Direksi menjalankan tugas dan kewenangan pengurusan Perseroan   The Board of Directors performs its duties and authorities in
untuk tujuan dan kepentingan Perseroan termasuk mewakili        managing the Company for the purpose and interests of the
Perseroan baik di dalam maupun di luar pengadilan.              Company including representing the Company both inside and
                                                                outside of the court.
1. Prinsip dasar pelaksanaan tugas dan kewajiban Direksi        1. The basic principles in carrying out duties and authorities of
   Perseroan sebagai berikut:                                       the Board of Directors of the Company are as follows:
   a. Bertanggung jawab penuh dalam melaksanakan tugasnya           a. Fully responsible for carrying out duties for the interests
       untuk kepentingan dan usaha Perseroan dalam mencapai             and efforts of the Company in achieving its goals and
       maksud dan tujuannya.                                            objectives.
   b. Memimpin dan mengurus Perseroan sesuai dengan                 b. Lead and manage the Company based on purposes and
       maksud dan tujuan Perseroan dan senantiasa berusaha              objectives of the Company and always strive to improve
       meningkatkan efisiensi dan efektivitas Perseroan.                efficiency and effectiveness of the Company.
   c. Menguasai, memelihara, dan mengurus kekayaan                  c. Control, maintain, and manage the Company’s assets.
       Perseroan.
   d. Dalam setiap pengambilan keputusan/tindakan, harus           d. In every decision/action taken, business risks must be
       mempertimbangkan risiko usaha.                                  considered.
2. Dalam melaksanakan tugas dan kewajiban tersebut, Direksi     2. In implementing such duties and obligations, the Company’s
   Perseroan wajib memperhatikan kebijakan umum yang diatur        Board of Directors is obligated to pay attention to the general
   dalam pedoman kerja (Board Manual) Perseroan sebagai            policies stipulated in the Company’s work guidelines (Board
   berikut:                                                        Manual) as follows:
   a. Dengan itikad baik dan penuh tanggung jawab                  a. With good intention and full responsibility, carry out tasks
       menjalankan tugas untuk kepentingan Perseroan.                  for the benefit of the Company.
   b. Tunduk pada ketentuan peraturan perundang-undangan           b. Comply with the provisions of applicable laws and
       yang berlaku, Anggaran Dasar, dan keputusan RUPS serta          regulations, the Articles of Association and resolution
       memastikan seluruh aktivitas Perseroan telah sesuai             of the GMS as well as ensure that all Company activities
       dengan ketentuan peraturan perundang-undangan yang              adhere to the provisions of prevailing laws and regulations,
       berlaku, Anggaran Dasar dan keputusan RUPS.                     the Articles of Association and GMS resolutions.
   c. Menerapkan Good Corporate Governance secara                  c. Implement Good Corporate Governance consistently.
       konsisten.
   d. Mematuhi peraturan internal Perseroan.                        d. Comply with Company’s internal regulations.
   e. Melaksanakan pengurusan Perseroan untuk kepentingan           e. Implement management of the Company for the interests
       dan tujuan Perseroan.                                           and objectives of the Company.
   f. Menetapkan susunan organisasi Perseroan lengkap               f. Determine the Company’s organizational structure
       dengan pelaksanaan tugasnya.                                    complete with duty implementation.
   g. Bertindak selaku pimpinan dalam pengurusan Perseroan.         g. Act as the leader in managing the Company.
   h. Memelihara dan mengurus kekayaan Perseroan.                   h. Maintain and manage Company’s assets.
   i. Bertanggung jawab penuh dalam melaksanakan tugasnya           i. Fully responsible in carrying out duties for the interests of
       untuk kepentingan Perseroan dalam mencapai maksud               the Company in achieving its goals and objectives.
       dan tujuannya.
   j. Mewakili Perseroan baik di dalam maupun di luar               j. Represent the Company both inside and outside of the
       pengadilan.                                                     court.
   k. Memperhatikan masukan-masukan yang diberikan oleh             k. Attend to inputs provided by the Board of Commissioners.
       Dewan Komisaris.




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   l.  Melakukan segala tindakan dan perbuatan, baik mengenai        l.   Perform all actions regarding both the management and
       pengurusan maupun kepemilikan kekayaan Perseroan                   ownership of the Company’s assets and bind the Company
       serta mengikat Perseroan dengan pihak lain dengan                  with other parties with certain restrictions.
       pembatasan tertentu.
   m. Wajib menyelenggarakan dan menyimpan Daftar Khusus             m. Mandatory to hold and keep Special Register containing
       yang memuat keterangan mengenai kepemilikan saham                information regarding share ownership of the Board
       Direktur dan Komisaris beserta keluarganya dalam                 of Directors and the Board of Commissioners and their
       Perusahaan dan/atau pada perusahaan lain serta tanggal           families in the Company and/or in other companies and
       saham itu diperoleh.                                             the date the shares were obtained.
   n. Bertanggung jawab penuh secara pribadi atas kerugian           n. Personally fully responsible for the Company’s loss if the
       Perseroan apabila yang bersangkutan bersalah atau lalai          concerned person is guilty or negligent in performing
       menjalankan tugasnya untuk kepentingan dan usaha                 duties for the interests and business of the Company.
       Perseroan.
3. Tugas terkait Rapat Umum Pemegang Saham                       3. Duties related to the General Meeting of Shareholders
   a. Direksi wajib menyelenggarakan dan menyimpan Daftar           a. The Board of Directors is obligated to hold and keep safe
       Pemegang Saham dan dokumen-dokumen terkait dengan                the List of Shareholders and documents related to the
       RUPS sesuai ketentuan peraturan perundang-undangan.              GMS in accordance with regulatory provisions.
   b. Memberikan informasi material secara accurate, reliable,      b. Provide material information accurately, reliably, timely,
       timely, consistent, dan useful yang memungkinkan bagi            consistent and useful for the shareholders to make
       pemegang saham untuk membuat keputusan.                          decisions.
   c. Menyediakan bahan RUPS dan disampaikan kepada                 c. Provide GMS materials and submit to the shareholders of
       pemegang saham Perseroan.                                        the Company.
   d. Memberikan laporan berkala kepada pemegang saham              d. Provide periodic reports to the shareholders in accordance
       menurut cara dan waktu sesuai dengan ketentuan yang              with the method and time stipulated by applicable
       berlaku.                                                         provisions.
   e. Memberikan pertanggungjawaban dan segala keterangan           e. Provide accountability and all information concerning the
       tentang keadaan dan jalannya Perseroan, terutama                 Company’s condition and operation, especially financial
       laporan keuangan baik dalam bentuk laporan tahunan               statements both in the form of annual reports as well as
       maupun dalam bentuk laporan berkala lainnya menurut              other periodic reports in accordance with the method and
       cara dan waktu yang ditentukan dalam Anggaran Dasar.             time stipulated under the Articles of Association.
   f. Menandatangani Laporan Tahunan, dalam hal terdapat            f. Sign the Annual Report, in the event the Board of Directors
       Direktur yang tidak menandatangani Laporan Tahunan,              does not sign the Annual Report, then the concerned
       maka yang bersangkutan harus menyebutkan alasannya               party must state the reason in a separate letter attached
       dalam surat tersendiri yang dilekatkan dalam Laporan             to the Annual Report. In the event a Director does not sign
       Tahunan. Dalam hal terdapat Direktur yang tidak                  the Annual Report nor provide the reason in writing, thus
       menandatangani Laporan Tahunan dan tidak memberikan              the concerned party is regarded to have approved the
       alasan secara tertulis, maka yang bersangkutan dianggap          content of the report.
       menyetujui isi laporan tahunan tersebut.
   g. Memanggil dan menyelenggarakan RUPS Tahunan dan/               g. Invite and hold the Annual GMS and/or Extraordinary GMS.
       atau RUPS Luar Biasa.
   h. Membuat dan memelihara Risalah RUPS.                          h. Make and maintain the GMS Minutes of Meeting.
4. Tugas terkait dengan Anak Perusahaan. Menetapkan prosedur     4. Duties related to Subsidiaries. Establish procedures for the
   pengangkatan anggota Direksi dan Dewan Komisaris Anak            appointment of members of the Board of Directors and the
   Perusahaan, sebagai berikut:                                     Board of Commissioners of Subsidiaries, as follows:
   a. Direksi membentuk Tim Evaluasi calon Anggota Direksi          a. The Board of Directors forms the Evaluation Team for
       dan Dewan Komisaris Anak Perusahaan yang diketuai oleh           prospective Members of the Board of Directors and the
       Direktur SDM dan Umum.                                           Board of Commissioners of Subsidiaries chaired by the
                                                                        Director of Human Capital and General Affairs.
   b. Tim Evaluasi menunjuk tenaga ahli atau Lembaga                b. The Evaluation Team appoints experts or Professional
      Profesional untuk melakukan penilaian (jika diperlukan),          Institutions to assess (if required), to screen candidates
      melakukan penjaringan calon kemudian diserahkan                   and then submit to the Board of Directors for approval.
      kepada Direksi untuk memperoleh persetujuannya.
   c. Tim Evaluasi melakukan penilaian terhadap calon-calon          c. The Evaluation Team evaluates candidates that made the
      yang masuk dalam daftar bakal calon yang telah disetujui          list of prospective as approved by the Board of Directors.
      Direksi.




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   d. Dalam hal penilaian dilakukan oleh ahli atau lembaga              d. In the event assessment is carried out by an expert or
       profesional yang ditunjuk, Tim Evaluasi mengevaluasi                appointed professional institution, Evaluation Team
       berdasarkan hasil penilaian oleh ahli atau lembaga                  assess based on results of the expert’s or professional
       profesional.                                                        institution’s assessment.
   e. Tim Evaluasi menyampaikan hasil penilaian tersebut                e. The Evaluation Team submits results of assessment to
       kepada Direksi untuk penetapan calon Anggota Direksi/               the Board of Directors to confirm selected candidate
       Dewan Komisaris anak Perusahaan terpilih.                           Members of the Board of Directors of Subsidiaries.
   f. Direksi melakukan evaluasi akhir atas hasil penilaian untuk       f. The Board of Directors conducts final evaluation on
       menetapkan Direksi dan Komisaris terpilih untuk masing-             assessment results to establish the Board of Directors and
       masing jabatan Anggota Direksi dan Dewan Komisaris                  the Board of Commissioners of Subsidiaries.
       Anak Perusahaan.
5. Tugas terkait dengan strategi dan rencana kerja diuraikan        5. Duties related to strategies and work plans as described
   sebagai berikut:                                                    below:
   a. Menyiapkan visi, misi, tujuan, strategi, dan budaya              a. Draft Company’s vision, mission, purpose, strategies and
       Perseroan, termasuk logo Perseroan.                                 culture, including Corporate logo.
   b. Mengusahakan dan menjamin terlaksananya usaha dan                b. Undertake and guarantee business implementation
       kegiatan Perseroan sesuai dengan maksud dan tujuan                  and Company’s activities in line with the purpose and
       serta kegiatan usahanya.                                            objectives as business activities.
   c. Menyiapkan rencana pengembangan Perseroan tepat                  c. Draft the Company’s development plan on time as
       pada waktunya.                                                      scheduled.
   d. Mengupayakan tercapainya sasaran-sasaran jangka                  d. Undertake efforts to achieve long-term targets stated in
       panjang yang tercantum dalam RJPP.                                  the RJPP.
   e. Menyampaikan Rencana Kerja yang memuat juga                      e. Submit the Work Plan that contains the Company’s annual
       anggaran tahunan Perseroan kepada Dewan Komisaris                   budget to the Board of Commissioners at the latest within
       selambat-lambatnya 30 (tiga puluh) hari sebelum tahun               30 (thirty) days before the next financial year begins.
       buku berikutnya dimulai.
   f. Mengupayakan tercapainya target-target jangka pendek              f. Undertake efforts to achieve short-term targets stated in
       yang tercantum dalam RKAP.                                          the RKAP.
6. Terkait dengan Manajemen Risiko diuraikan sebagai berikut:       6. Related to Risk Management as described below:
   a. Menyusun kebijakan dan strategi manajemen risiko                 a. Establish written and comprehensive risk management
       secara tertulis dan komprehensif di tingkat korporat                policies and strategies at the corporate level including the
       termasuk penetapan dan persetujuan limit risiko secara              establishment and approval of overall risk limits, per risk
       keseluruhan, per jenis risiko dan per aktivitas fungsional          type and per functional activity (business activity) of the
       (kegiatan usaha) Perseroan.                                         Company.
   b. Mengembangkan budaya manajemen risiko pada seluruh               b. Develop risks management culture at all levels of the
       jenjang organisasi, antara lain meliputi komunikasi yang            organization, among others, on adequate communication
       memadai kepada seluruh jenjang organisasi tentang                   to all levels of the organization on the importance of
       pentingnya pengendalian intern yang efektif.                        effective internal control.
   c. Bertanggung jawab atas pelaksanaan kebijakan                     c. Responsible for the implementation of risk management
       manajemen risiko dan paparan risiko yang diambil oleh               policies and review of overall risks taken by the Company,
       Perseroan secara keseluruhan, termasuk mengevaluasi                 including to evaluate and provide directives on risk
       dan memberikan arahan strategi manajemen risiko                     management strategies submitted by appointed risk
       berdasarkan laporan yang disampaikan oleh pejabat risk              management officers.
       management yang ditunjuk.
   d. Mengevaluasi dan memutuskan transaksi yang melampaui              d. Evaluate and decide on transactions that go beyond
       kewenangan pejabat satu level di bawah Direksi atau                 the authority of officials one level below the Board of
       transaksi yang memerlukan persetujuan sesuai dengan                 Directors or transactions requiring approval in accordance
       kebijakan dan prosedur intern yang berlaku.                         with applicable internal policies and procedures.
   e. Memastikan peningkatan kompetensi sumber daya                     e. Ensure the increase in human resource competencies
       manusia yang terkait dengan penerapan manajemen                     related to the application of risk management, among
       risiko, antara lain dengan cara program pendidikan                  others, by continuous education and training programs
       dan latihan secara berkesinambungan terutama yang                   especially related to risk management systems and
       berkaitan dengan sistem dan proses manajemen risiko.                processes.
   f. Memastikan bahwa fungsi manajemen risiko telah                    f. Ensure that risk management function is implemented
       diterapkan secara independen yang dicerminkan antara                independently as reflected, among others, in the




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        lain adanya hubungan antara unit Manajemen Risiko yang            relationship between the Risk Management unit that
        melakukan identifikasi, pengukuran, pemantauan, dan               identifies, measures, monitors and controls risks with the
        pengendalian risiko dengan Satuan Kerja yang melakukan            Work Units that perform and complete transactions.
        dan menyelesaikan transaksi.
   g. Melaksanakan kaji ulang secara berkala dengan frekuensi        g. Conduct periodic reviews for a frequency as needed by
        sesuai dengan kebutuhan Perseroan untuk memastikan:              the Company to ensure the following:
        i. Keakuratan metodologi manajemen risiko.                       i. Accuracy of risk management methodology.
        ii. Kecukupan       implementasi    sistem    informasi          ii. Adequacy of risk management information system
             manajemen risiko.                                                implementation.
        iii. Ketepatan kebijakan, prosedur dan penetapan limit           iii. Accuracy of policies, procedures and establishment of
             risiko.                                                          risk limits.
7. Terkait dengan pemberantasan korupsi diuraikan sebagai         7. Related to corruption eradication as described below: The
   berikut: Direksi dilarang untuk memberikan atau menawarkan        Board of Directors is prohibited from giving or offering
   atau menerima baik langsung ataupun tidak langsung sesuatu        or receiving, directly or indirectly, anything of value to
   yang berharga kepada pejabat pemerintah dan pihak-pihak           government officials and other parties that influence or
   lain yang mempengaruhi atau sebagai imbalan atas apa yang         as reward for what they have exerted and other actions in
   telah dilakukannya dan tindakan lainnya sesuai peraturan          accordance with applicable laws and regulations.
   perundang-undangan yang berlaku.
8. Terkait dengan sistem pengendalian internal dapat diuraikan    8. Related to internal control system as described below:
   sebagai berikut:
   Sistem Pengendalian Intern yang efektif merupakan                  Effective internal control system is an important component
   komponen penting dalam manajemen dan menjadi dasar bagi            in management and becomes the basis for the Company’s
   kegiatan operasional Perseroan. Sistem Pengendalian Intern         operational activities. The Internal Control System must
   harus dapat memastikan seluruh aktivitas bisnis mematuhi           ensure that all business activities comply with the laws and
   peraturan perundang-undangan, pedoman Good Corporate               regulations, the guidelines to Good Corporate Governance as
   Governance maupun kebijakan Perseroan.                             well as Company policies.

   Sistem Pengendalian Internal harus dapat mendayagunakan            The Internal Control System must be able to empower
   informasi-informasi yang meliputi:                                 information including the following:
   a. Laporan manajemen.                                              a. Management report.
   b. Laporan auditor internal.                                       b. Internal auditor report
   c. Opini dan laporan auditor eksternal.                            c. Opinion and report of external auditor.
   d. Laporan dan pendapat aktuaris mengenai tingkat risiko           d. Report and opinion on risk and premium levels.
        dan premi.
   e. Hal-hal lain yang dianggap perlu.                              e. Other matters deemed necessary.
9. Terkait dengan keterbukaan dan kerahasiaan informasi dapat     9. Related to information transparency and confidentiality as
   diuraikan sebagai berikut:                                        described below:
   a. Direksi wajib mengungkapkan informasi penting dalam            a. The Board of Directors is required to disclose important
        Laporan Tahunan dan Laporan Keuangan kepada pihak                information in the Annual Report and Financial
        lain sesuai peraturan perundang-undangan yang berlaku.           Statements to other parties according to applicable laws
                                                                         and regulations.
   b. Informasi yang disampaikan berupa:                             b. Information provided in the form of the following:
      i. Informasi/data non publik yaitu informasi/data                  i. Non-public information/data, namely information/
          yang diberikan atau disampaikan untuk keperluan                    data provided or submitted for internal corporate
          intern Perseroan baik yang bersifat reguler maupun                 needs both regular and incidental.
          insidental.
      ii. Informasi/data publik yaitu informasi/data yang                 ii. Public information/data namely information/data
          diberikan atau disampaikan sebagai laporan kepada                   provided or submitted as a report to the Shareholders
          Pemegang Saham dalam rangka memenuhi kewajiban                      in order to fulfill routine obligations and incidental
          rutin maupun keterbukaan informasi yang bersifat                    information disclosure.
          insidental.
   c. Direksi harus mengungkapkan pelaksanaan prinsip Good            c. The Board of Directors must disclose in the Annual Report
      Corporate Governance yang telah dilaksanakan dalam                 the implementation of the principles of Good Corporate
      Laporan Tahunan.                                                   Governance carried out.
   d. Informasi rahasia yang diperoleh sewaktu menjabat               d. Confidential information obtained during the time period
      sebagai Direksi Perseroan, termasuk rahasia Perseroan              serving as the Company’s Board of Directors, including




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       harus tetap dijaga sesuai dengan peraturan perundang-                Company’s secrets that must be kept in accordance with
       undangan yang berlaku.                                               applicable laws and regulations.
    e. Dalam hal menjaga kerahasiaan informasi Perseroan,               e. In the context of maintaining Company’s confidential
       Direksi dituntut untuk mengutamakan kepentingan                      information, the Board of Directors is demanded to be
       Perseroan daripada kepentingan individu atau kelompok.               able to prioritize the Company’s interests more than
                                                                            individual or group interests.
10. Terkait dengan hubungan dengan para Pemangku Kepentingan        10. Related to relationship with Stakeholders as described below:
    dapat diuraikan sebagai berikut:
    a. Memastikan terjaminnya hak-hak para pemangku                     a. Ensure guarantee of the rights of stakeholders that arise
        kepentingan (stakeholders) yang timbul berdasarkan                 based on applicable laws and regulations or agreements
        peraturan perundang-undangan yang berlaku dan                      made by the Company with employees, associates, work
        atau perjanjian yang dibuat oleh Perseroan dengan                  partners, suppliers, customers and other stakeholders.
        karyawan, rekanan, mitra kerja, pemasok, pelanggan, dan
        stakeholders lainnya.
    b. Memastikan Perseroan melakukan tanggung jawab                    b. Ensure the Company carries out its corporate social
        sosialnya (corporate social responsilibility) secara               responsibility consistently and sustainably.
        konsisten dan berkesinambungan.
    c. Memastikan Perseroan memperhatikan kepentingan                   c. Ensure the Company pays attention to stakeholders’
        stakeholders.                                                      interests.
    d. Memastikan bahwa aset-aset dan lokasi usaha serta                d. Ensure that Company’s assets and business locations
        fasilitas Perseroan lainnya memenuhi peraturan                     as well as facilities comply with applicable laws
        perundang-undangan yang berlaku berkenaan dengan                   and regulations in connection with environmental
        pelestarian lingkungan hidup, kesehatan dan keselamatan            preservation, occupational health and safety.
        kerja.
    e. Dalam mempekerjakan, menetapkan besarnya gaji,                   e. In hiring, setting salary levels. Providing training, setting
        memberikan pelatihan, menetapkan jenjang karier, serta             career paths, and determining other work requirements
        menentukan persyaratan kerja lainnya untuk karyawan,               for employees, the Company does not discriminate due to
        Perseroan tidak melakukan diskriminasi karena latar                one’s ethnic background, religion, gender, age, disability of
        belakang etnik seseorang, agama, jenis kelamin, usia,              a person or other special circumstances that are protected
        cacat tubuh yang dipunyai seseorang atau keadaan                   by statutory regulations.
        khusus lainnya yang dilindungi oleh peraturan perundang-
        undangan.
    f. Direksi wajib menyediakan lingkungan kerja yang bebas            f.  The Board of Directors is obligated to provide work
        dari segala bentuk tekanan (pelecehan/harrasment).                  environment that is free from all forms of harassment.
11. Terkait dengan teknologi informasi dapat diuraikan sebagai      11. Related to information technology as described below:
    berikut:
    a. Menetapkan tata kelola informasi yang efektif.                   a. Establish effective information governance.
    b. Menyampaikan laporan pelaksanaan tata kelola teknologi           b. Submit period reports on the implementation of
        informasi secara periodik kepada Dewan Komisaris.                   information technology governance to the Board of
                                                                            Commissioners.
    c. Menjaga dan mengevaluasi kualitas fungsi tata kelola             c. Maintain and evaluate the quality of information
        informasi di Perseroan.                                             governance function in the Company.
12. Terkait sistem akuntansi dan keuangan dapat diuraikan sebagai   12. Related to accounting and financial systems as described
    berikut:                                                            below:
    a. Menyusun sistem akuntansi berdasarkan prinsip-prinsip            a. Set up accounting system based on the principles of
        standar akuntansi keuangan yang berlaku umum.                       generally applicable financial accounting standards.
    b. Memastikan keandalan data yang mencakup kelengkapan,             b. Ensure reliability of data covering the completeness,
        akurasi, klasifikasi, dan otorisasi yang memadai sehingga           accuracy, classification and adequate authorization so that
        laporan keuangan yang dihasilkan tepat waktu, tepat guna            the resulting financial statements are timely, appropriate
        dan bebas dari salah saji material.                                 and free from material misstatements.
    c. Mengadakan dan memelihara pembukuan dan                          c. Hold and maintain Company’s bookkeeping and
        administrasi       Perseroan       untuk    menghasilkan            administration to generate orderly bookkeeping,
        penyelenggaraan pembukuan yang tertib, kecukupan                    adequacy of working capital with efficient capital costs, a
        modal kerja dengan biaya modal yang efisien, struktur               good and firm balance sheet structure.
        neraca yang baik dan kokoh.




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13. Terkait dengan tugas dan kewajiban lain dapat diuraikan            13. Related to other duties and obligations as described below:
    sebagai berikut:
    Menjalankan kewajiban-kewajiban lainnya sesuai dengan                   Perform other obligations in line with the provisions stipulated
    ketentuan-ketentuan yang diatur dalam Anggaran Dasar dan                in the Articles of Association and those determined by GMS
    yang ditetapkan oleh RUPS berdasarkan peraturan perundang-              based on applicable laws and regulations.
    undangan yang berlaku.

PEMBAGIAN PERAN DAN TANGGUNG JAWAB                                     DIVISION OF SUPERVISORY ROLES AND
PENGAWASAN MASING-MASING ANGGOTA                                       RESPONSIBILITIES OF EACH MEMBER OF THE
DIREKSI                                                                BOARD OF DIRECTORS
Rincian tugas dan tanggung jawab masing-masing anggota Direksi         Details of duties and responsibilities of each member of the Board
sebagai berikut:                                                       of Directors are as follows:


             Jabatan                                                     Tugas dan Tanggung Jawab
             Position                                                     Duties and Responsibility

 Direktur Utama                 Menentukan, memutuskan, dan menetapkan strategi perencanaan serta pelaksanaan seluruh kegiatan
 President Director             Perseroan, di antaranya Internal Audit, Legal and Contract, HSSE, dan Corporate Secretary yang mana seluruh
                                kegiatan tersebut dikaitkan dengan usaha pencapaian visi dan misi Perusahaan.
                                Determines, decides, and establishes the planning strategy as well as implementation of all Company
                                activities, among others, Internal Audit, Legal and Contract, HSSE, and Corporate Secretary where all such
                                activities are related to efforts to achieve the Company’s vision and mission.
 Direktur Keuangan              Menentukan, memutuskan, menetapkan, dan mengendalikan pembuatan kebijakan dan strategi keuangan
 Director of Finance            Perseroan untuk meningkatkan profitabilitas, likuiditas Perseroan guna mencapai tujuan dan sasaran
                                Perseroan secara efektif dan efisien.
                                Determines, decides, establishes, and controls the making of the Company’s financial policies and strategies
                                to increase the Company’s profitability, liquidity in order to achieve the Company’s purpose and objectives
                                effectively and efficiently.
 Direktur Operasi               Menentukan, memutuskan, menetapkan dan mengendalikan pembuatan kebijakan operasi Perseroan
 Director of Operation          meliputi Divisi Upstream Services, Divisi EPCOM, dan Divisi Asset Reliability & Productivity serta mengevaluasi
                                dan mengkaji kinerja operasi unit usaha dan Anak Perusahaan.
                                Determines, decides, establishes and controls the making of the Company’s operational policies that include
                                the Upstream Services Division, EPCOM Division, and Asset Reliability & Productivity Division as well as
                                evaluates and reviews the operational performance of business units and Subsidiaries.
 Direktur Pengembangan Usaha    Menentukan, memutuskan, menetapkan, dan mengendalikan kebijakan kegiatan Pengembangan usaha
 Director of Business           Perseroan, melalui pemantauan dan evaluasi baik operasi di dalam Perseroan maupun di luar Perseroan,
 Development                    guna meningkatkan dan melakukan upaya-upaya optimalisasi kegiatan pengembangan usaha di bidang migas
                                dalam rangka mencapai target yang telah ditetapkan.
                                Determines, decides, establishes, and controls the Company’s policies on business development activities,
                                through monitoring and assessing both operations inside the Company as well as outside of the Company, in
                                order to improve and conduct optimization efforts on business development activities in the field of oil and
                                gas in the context of achieving the set targets.
 Direktur SDM & Umum            Menentukan, memutuskan, menetapkan, dan mengendalikan kegiatan sumber daya manusia & umum
 Director of Human Capital &    meliputi Human Capital, Supply Chain Management, Property Management & General Affair, Information
 General Affairs                System, dan Elnusa Petroleum School dalam rangka menyiapkan sumber daya manusia yang handal
                                mendukung kegiatan operasi rutin secara tepat waktu, accountable, dan auditable.
                                Determines, decides, establishes, and controls activities concerning human resources & general affairs,
                                including Human Capital, Supply Chain Management, Property Management & General Affairs, Information
                                System and Elnusa Petroleum School in the context of preparing reliable human resources that support
                                routine operational activities accurately, on time, accountable, and auditable.



ORIENTASI BAGI ANGGOTA DIREKSI                                         ORIENTATION FOR MEMBERS OF THE BOARD
                                                                       OF DIRECTORS
Perseroan telah memiliki dan menjalankan program orientasi atau        The Company retains and implements the Company orientation or
pengenalan Perseroan bagi anggota Direksi yang baru menjabat           introduction program for new members of the Board of Directors
dengan tujuan memberikan gambaran kondisi Perseroan secara             with the objective to provide an overview of the Company’s
umum. Program pengenalan disusun dan disampaikan oleh                  condition in general. The program is set up and presented by the
Corporate Secretary dalam bentuk tampilan presentasi serta hard        Corporate Secretary in the form of a presentation display and hard
copy, meliputi:                                                        copy that includes the following:
1. Profil Perseroan                                                    1. Company Profile
2. Update Kinerja Perseroan                                            2. Update on Company Performance
3. CoC                                                                 3. CoC




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4.    Board Manual                                                           4.   Board Manual
5.    HSE                                                                    5.   HSE
6.    Rencana Kerja dan Anggaran (RKAP)                                      6.   Work Plan and Budget (RKAP)
7.    RJPP                                                                   7.   RJPP

Pada tahun 2024 dilakukan program pengenalan Perseroan                       In the year 2024, the introduction program was held for the new
terhadap anggota Direksi yang baru diangkat pada RUPS Luar Biasa             members of the Board of Directors on January 17, 2024. The
17 Januari 2024. Program Pengenalan dilakukan secara bertahap                Introduction Program was held in stages by each of the functions
oleh masing-masing fungsi sepanjang tanggal 18–23 Januari 2024.              during the period of January 18–23, 2024.

PENGEMBANGAN KOMPETENSI                                                      COMPETENCY DEVELOPMENT

Kebijakan Pelatihan dan/atau Peningkatan                                     Policies on Training and/or Competency
Kompetensi Direksi                                                           Development of the Board of Directors
Perseroan merancang program pelatihan dan peningkatan                        The Company also designs a program to provide new insights for
kompetensi Direksi untuk memberikan wawasan baru bagi Direksi                the Board of Directors to increase the Company’s capacity in a
untuk meningkatkan kapasitas Perseroan dalam lingkungan                      competitive business environment as well as provide opportunities
usaha yang kompetitif, serta memberikan kesempatan untuk                     to develop network in the context of empowering available
membangun jaringan dalam rangka memberdayakan sumber daya                    resources within the organization so as to make the Company a
yang ada dalam organisasi sehingga menjadikan Perseroan sebagai              high-performing organization.
organisasi berkinerja tinggi.

Realisasi Pengembangan Kompetensi                                            Realization of Competency Development

PELATIHAN DAN/ATAU PENINGKATAN KOMPETENSI YANG DIIKUTI ANGGOTA DIREKSI TAHUN 2024
Training and/or Competency Development Joined by Members of the Board of Directors in 2024

       Nama Peserta                 Jenis Pelatihan                   Waktu                       Tempat                   Penyelenggara
     Name of Participant            Type of Training                  Date                         Venue                      Provider

 Bachtiar Soeria Atmadja   Certified Risk Professional        5 Desember 2024             Graha Elnusa, Lantai    Indonesian Risk Business
                                                              December 5, 2024            17-Executive Lounge     Advisory
 Stanley Iriawan           Certified Risk Professional        5 Desember 2024             Graha Elnusa, Lantai    Indonesian Risk Business
                                                              December 5, 2024            17-Executive Lounge     Advisory
 Endro Hartanto            Certified Risk Professional        5 Desember 2024             Graha Elnusa, Lantai    Indonesian Risk Business
                                                              December 5, 2024            17-Executive Lounge     Advisory
 Arief Prasetyo Handoyo    Certified Risk Professional        5 Desember 2024             Graha Elnusa, Lantai    Indonesian Risk Business
                                                              December 5, 2024            17-Executive Lounge     Advisory
 Hera Handayani            Certified Risk Professional        5 Desember 2024             Graha Elnusa, Lantai    Indonesian Risk Business
                                                              December 5, 2024            17-Executive Lounge     Advisory
 Hera Handayani            Aligning Company Objective         16 Februari 2024            Menara 165               Elnusa
                           Into Team Performance with         February 16, 2024
                           “Objective Based KPI”
 Hera Handayani            Full Day Seminar “Work Without     29 Februari 2024            Gran Mahakam Jakarta    K Talents Asia
                           Wall”-Koeshartanto                 February 29, 2024
 Hera Handayani            Webinar Leadership                 18 Januari 2024             Virtual/Online          Bravespeakers
                           Communication Skills               January 18, 2024
 Stanley Iriawan           Pengajar/Narasumber: Elnusa        2 Juli 2024                 Universitas Brawijaya   Elnusa
                           Leader’s Sharing & Action “Basic   July 2, 2024
                           Finance for Engineer”
                           Lecturer/Source: Elnusa Leader’s
                           Sharing & Action “Basic Finance
                           for Engineer”
 Hera Handayani            Pengajar/Narasumber: ESG           30 Agustus 2024             Graha Elnusa-Udaya      Elnusa
                           Evolution-Transformasi Menuju      August 30, 2024
                           Keberlanjutan
                           Lecturer/Source: ESG Evolution
                           - Transformation towards
                           Sustainability




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     Nama Peserta                Jenis Pelatihan                    Waktu                     Tempat                   Penyelenggara
   Name of Participant           Type of Training                   Date                       Venue                      Provider

 Hera Handayani          Pengajar/Narasumber: Sharing       10 Oktober 2024           PHE Tower                 PHE
                         Session Employee Well-Being        October 10, 2024
                         Week & Health Expo 2024
                         Chapter Subholding Upstream
                         Lecturer/Source: Sharing Session
                         Employee Well-Being Week
                         & Health Expo 2024 Chapter
                         Subholding Upstream



LAPORAN SINGKAT PELAKSANAAN TUGAS                                       BRIEF REPORT ON THE IMPLEMENTATION OF
DAN TANGGUNG JAWAB DIREKSI TAHUN 2024                                   DUTIES AND RESPONSIBILITIES OF THE BOARD
                                                                        OF DIRECTORS IN 2024
Sepanjang tahun 2024, Direksi telah mengeluarkan berbagai              During the year 2024, the Board of Directors issued various
keputusan baik di bidang operasional, keuangan, maupun                 decisions in the fields of operation, finance, as well as several
beberapa penunjang usaha melalui perangkat kebijakan berupa            business supports through the policy tools in the forms of Decrees
Keputusan Direksi, Peraturan Direksi, Surat Edaran, dan Instruksi      of the Board of Directors, Regulations of the Board of Directors,
Direksi.                                                               Circular Letters and Instructions of the Board of Directors.

SURAT KEPUTUSAN DIREKSI
Decreed/Decision Letter of the Board of Directors

              Nomor Surat                Tanggal                                                Perihal
 No.
             Letter Number                Date                                                 Regarding

  1    015/EN/KPTS/005D/2024     31 Januari 2024            Surat Keputusan Pembentukan Tim Kepanitiaan Bulan K3 Nasional PT Elnusa Tbk
                                 January 31, 2024           Decree on the Establishment of the National K3 Committee Team at PT Elnusa Tbk
  2    001/EN/PRT/000D/2024      1 Februari 2024            Surat Perintah tentang Agent of Change Tata Nilai AKHLAK di Lingkungan
                                 February 1, 2024           PT Elnusa Tbk dan Anak Perusahaan
                                                            Order Regarding the Agent of Change for AKHLAK Values in the Environment of
                                                            PT Elnusa Tbk and Subsidiaries
  3    001/EN/EDR/005D/2024      1 Februari 2024            Surat Edaran Cuti Bersama Tahun 2024–Tahun Baru Imlek 2575 Kongzili
                                 February 1, 2024           Circular on Joint Leave for the Year 2024–Lunar New Year 2575 Kongzili
  4    020/EN/KPTS/000D/2024     6 Februari 2024            Surat Keputusan tentang Panjar Insentif Kedua atas Kinerja Tahun 2023 bagi
                                 February 6, 2024           Pekerja di Lingkungan PT Elnusa Tbk dan Anak Perusahaan
                                                            Decree on the Second Incentive Advance Based on Performance for the Year 2023
                                                            for Employees at PT Elnusa Tbk and Subsidiaries
  5    022/EN/KPTS/000D/2024     7 Februari 2024            Surat Keputusan Pengelolaan Organisasi Terkait Corporation Management Aspek
                                 February 7, 2024           Human Capital di PT Elnusa Tbk dan Anak Perusahaan
                                                            Decree on the Management of Organization Related to Corporation Management
                                                            Aspects of Human Capital at PT Elnusa Tbk and Subsidiaries
  6    002/EN/EDR/005D/2024      10 Februari 2024           Surat Edaran tentang Pemilihan Umum Tahun 2024
                                 February 10, 2024          Circular on the 2024 General Election
  7    023/EN/KPTS/005D/2024     13 Februari 2024           Surat Keputusan Pengelolaan Organisasi Terkait Corporation Management Aspek
                                 February 13, 2024          Human Capital di PT Elnusa Tbk dan Anak Perusahaan
                                                            Decree on the Management of Organization Related to Corporation Management
                                                            Aspects of Human Capital at PT Elnusa Tbk and Subsidiaries
  8    032/EN/KPTS/000D/2024     21 Februari 2024           Surat Keputusan Penetapan Tim Cost Optimization untuk Pencapaian Target Laba
                                 February 21, 2024          RKAP Tahun 2024 PT Elnusa Tbk
                                                            Decree on the Establishment of the Cost Optimization Team for Achieving the
                                                            RKAP Profit Target for 2024 at PT Elnusa Tbk
  9    035/EN/KPTS/005D/2024     21 Februari 2024           Surat Keputusan Penetapan Tim Monitoring Kegiatan CIP dan Verifikasi Keuangan
                                 February 21, 2024          CIP di Elnusa Group 2024
                                                            Decree on the Establishment of the Monitoring Team for CIP Activities and
                                                            Financial Verification of CIP in the Elnusa Group 2024
  10   003/EN/EDR/005D/2024      5 Maret 2024               Surat Edaran Cuti Bersama Tahun 2024–Hari Suci Nyepi Tahun Baru Saka 1946
                                 March 5, 2024              Circular on Joint Leave for the Year 2024–Holy Nyepi Day and Saka New Year 1946
  11   004/EN/EDR/005D/2024      5 Maret 2024               Surat Edaran Perubahan Waktu Kerja selama Bulan Ramadan, Libur, dan Cuti
                                 March 5, 2024              Bersama Idulfitri 1445 H/Tahun 2023 di Lingkungan PT Elnusa Tbk & Group
                                                            Circular on Changes in Working Hours During Ramadan, Holidays, and Joint Leave
                                                            for Idulfitri 1445 H/2023 in the Environment of PT Elnusa Tbk & Group




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           Nomor Surat                Tanggal                                        Perihal
No.
          Letter Number                Date                                         Regarding

12    047/EN/KPTS/005D/2024   16 Maret 2024     Surat Keputusan tentang Tunjangan Hari Raya Keagamaan (THRK) Tahun 2024 bagi
                              March 16, 2024    Pekerja Direct di Lingkungan PT Elnusa Tbk & Anak Perusahaan
                                                Decree on Religious Holiday Allowance (THRK) for the Year 2024 for Direct
                                                Employees in the Environment of PT Elnusa Tbk & Subsidiaries
13    048/EN/KPTS/005D/2024   22 Maret 2024     Surat Keputusan Tim Task Force Review dan Perumusan Revitalisasi Area Operasi
                              March 22, 2024    di Kalimantan Timur
                                                Decree on the Task Force Team for Reviewing and Formulating the Revitalization of
                                                Operational Areas in East Kalimantan
14    049/EN/KPTS/000D/2024   22 Maret 2024     Surat Keputusan Tim Penghapusan Asset & Inventory PT Elnusa Tbk
                              March 22, 2024    Decree on the Asset & Inventory Disposal Team at PT Elnusa Tbk
15    059/EN/KPTS/000D/2024   3 April 2024      Surat Keputusan Penunjukan Tim Quality Management Assessement (QMA)
                              April 3, 2024     Kriteria Kinerja Ekselen Pertamina (KKEP) PT Elnusa Tbk Tahun 2024
                                                Decree on the Appointment of the Quality Management Assessment (QMA) Team
                                                for Pertamina’s Excellent Performance Criteria (KKEP) at PT Elnusa Tbk for 2024
16    060/EN/KPTS/000D/2024   3 April 2024      Surat Keputusan Penunjukkan Tim Auditor Internal Sistem Manajemen Elnusa
                              April 3, 2024     (SME) PT Elnusa Tbk dan Cross Function Internal Audit (CFIA) Elnusa Grup Tahun
                                                2024
                                                Decree on the Appointment of the Internal Auditor Team for Elnusa Management
                                                System (SME) and Cross-Function Internal Audit (CFIA) of the Elnusa Group for
                                                2024
17    061/EN/KPTS/005D/2024   24 April 2024     Addendum SK No. 065/EN/KPTS/005D/2023 tentang Ketentuan Remunerasi dan
                              April 24, 2024    Fasilitas Pengurus Perseroan pada Anak Perusahaan PT Elnusa Tbk
                                                Addendum to Decree No. 065/EN/KPTS/005D/2023 Regarding Remuneration and
                                                Facilities for Company Management at PT Elnusa Tbk Subsidiaries
18    066/EN/KPTS/005D/2024   3 Mei 2024        Surat Keputusan Pembentukan Tim Investigasi dan Pendalaman Kasus
                              May 3, 2024       Decree on the Establishment of the Investigation and Case Deepening Team
19    005/EN/EDR/005D/2024    6 Mei 2024        Surat Edaran Cuti Bersama Tahun 2024—Kenaikan Isa Al Masih dan Hari Raya
                              May 6, 2024       Waisak
                                                Circular on Joint Leave for the Year 2024–The Ascension of Isa Al Masih and
                                                Waisak Day
20    006/EN/EDR/005D/2024    6 Mei 2024        Surat Edaran tentang Kebijakan Pengadaan Barang dan Jasa, serta Ketentuan
                              May 6, 2024       Khusus untuk Pengadaan Proyek Jasa Operation dan Maintenance yang
                                                Mensyaratkan SLA Pemenuhan Pekerjaan di Bawah 30 Hari Kalender dari Perintah
                                                Kerja Klien hingga Delivery Barang/Jasa
                                                Circular on the Procurement Policy for Goods and Services, and Special Provisions
                                                for the Procurement of Operation and Maintenance Services Projects Requiring
                                                SLA Fulfillment of Work Under 30 Calendar Days from Client Work Order to
                                                Delivery of Goods/Services
21    007/EN/EDR/005D/2024    15 Mei 2024       Surat Edaran Pemberian Bantuan Fasilitas Paket Data/Internet di Lingkungan
                              May 15, 2024      PT Elnusa Tbk
                                                Circular on Providing Data/Internet Package Assistance in the Environment of
                                                PT Elnusa Tbk
22    008/EN/EDR/000D/2024    21 Mei 2024       Surat Edaran tentang Larangan bagi Pekerja Elnusa Grup untuk Berinvestasi di
                              May 21, 2024      Proyek Elnusa Grup
                                                Circular on the Prohibition for Elnusa Group Employees to Invest in Elnusa Group
                                                Projects
23    074/EN/KPTS/005D/2024   21 Mei 2024       Surat Keputusan Tim Task Force Pengaktifan PT Elnusa Oilfield Services dan
                              May 21, 2024      PT Elnusa Geosains Indonesia
                                                Decree on the Task Force Team for Activating PT Elnusa Oilfield Services and
                                                PT Elnusa Geosains Indonesia
24    077/EN/KPTS/000D/2024   28 Mei 2024       Surat Keputusan tentang Insentif Final atas Kinerja Tahun 2023 bagi Pekerja di
                              May 28, 2024      Lingkungan PT Elnusa Tbk dan Anak Perusahaan
                                                Decree on Final Incentives Based on Performance for the Year 2023 for Employees
                                                in the Environment of PT Elnusa Tbk and Subsidiaries
25    004/EN/KPTS/000D/2024   30 Mei 2024       Surat Keputusan Tim Pelaksana Environment, Social & Governance (ESG)
                              May 30, 2024      Management PT Elnusa Tbk
                                                Decree on the Environment, Social & Governance (ESG) Management Team at
                                                PT Elnusa Tbk
26    009/EN/EDR/005D/2024    30 Mei 2024       Surat Edaran Upacara Peringatan Hari Lahir Pancasila 2024
                              May 30, 2024      Circular on the Commemoration Ceremony of Pancasila’s Birthday 2024




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                                                                                                            Corporate Governance




           Nomor Surat               Tanggal                                            Perihal
No.
          Letter Number               Date                                             Regarding

27    087/EN/KPTS/005D/2024   1 Juni 2024          Surat Keputusan Pembentukan Tim Panitia Vendors Annual Meeting (VAM) Tahun
                              June 1, 2024         2024
                                                   Decree on the Establishment of the Vendors Annual Meeting (VAM) Committee
                                                   Team for 2024
28    089/EN/KPTS/005D/2024   10 Juni 2024         Surat Keputusan Pembentukan dan Penunjukan Pengurus Badan Dakwah Islam
                              June 10, 2024        (BDI) PT Elnusa Tbk dan Grup Periode 2024–2025
                                                   Decree on the Establishment and Appointment of the Islamic Dawah Body (BDI) at
                                                   PT Elnusa Tbk and Group for the Period 2024–2025
29    010/EN/EDR/005D/2024    11 Juni 2024         Surat Edaran Cuti Bersama Tahun 2024–Hari Raya Iduladha 1445 Hijriah
                              June 11, 2024        Circular on Joint Leave for the Year 2024–Iduladha 1445 Hijriah
30    091/EN/KPTS/005D/2024   25 Juni 2024         Surat Keputusan tentang Ketentuan Schedule Kerja, Tunjangan Dinas Luar Provinsi
                              June 25, 2024        Riau, Tunjangan Remote Area & Extra Fooding Pekerja Man Power Supply (MPS)
                                                   PT Pertamina Hulu Rokan
                                                   Decree on the Work Schedule Provisions, Out-of-Province Duty Allowance for Riau,
                                                   Remote Area Allowance & Extra Fooding for Man Power Supply (MPS) Employees
                                                   at PT Pertamina Hulu Rokan
31    114/EN/KPTS/000D/2024   20 Agustus 2024      Surat Keputusan Pembentukan Tim Pelaksana Kajian Strategi Sinergi Bisnis Proyek
                              August 20, 2024      Arjuna
                                                   Decree on the Establishment of the Task Force Team for the Business Synergy
                                                   Strategy Study of the Arjuna Project
32    115/EN/KPTS/005D/2024   23 Agustus 2024      Surat Keputusan Tim Task Force Implementasi UU Perlindungan Data Pribadi
                              August 23, 2024      Decree on the Task Force Team for the Implementation of the Personal Data
                                                   Protection Law
33    133/EN/KPTS/000D/2024   30 Agustus 2024      Surat Keputusan tentang Bonus Tahun 2023 bagi Pekerja di Lingkungan
                              August 30, 2024      PT Elnusa Tbk dan Anak Perusahaan
                                                   Decree on Bonuses for the Year 2023 for Employees in the Environment of
                                                   PT Elnusa Tbk and Subsidiaries
34    012/EN/EDR/000D/2024    25 September 2024    Surat Edaran Aturan Penggunaan Panjar Kerja dan Cash Card
                              September 25, 2024   Circular on the Rules for Using Work Advances and Cash Cards
35    013/EN/EDR/005D/2024    30 September 2024    Surat Edaran Upacara Peringatan Hari Kesaktian Pancasila Tahun 2024
                              September 30, 2024   Circular on the Commemoration Ceremony of the Pancasila Sanctity Day in 2024
36    160/EN/KPTS/000D/2024   11 Oktober 2024      Surat Keputusan Perlindungan Data Pribadi
                              October 11, 2024     Decree on Personal Data Protection
37    187/EN/KPTS/005D/2024   11 November 2024     Surat Keputusan Pembentukan Tim Kepanitiaan Elnusa Contractors HSSE Meeting
                              November 11, 2024    (ENCORE) PT Elnusa Tbk Tahun 2024
                                                   Decree on the Establishment of the Elnusa Contractors HSSE Meeting (ENCORE)
                                                   Committee Team for PT Elnusa Tbk in 2024
38    014/EN/EDR/005D/2024    22 November 2024     Surat Edaran Ketentuan Mendengarkan Lagu Kebangsaan Indonesia Raya di
                              November 22, 2024    Lingkungan PT Elnusa Tbk dan Anak Perusahaan
                                                   Circular on the Provisions for Listening to the National Anthem “Indonesia Raya” in
                                                   the Environment of PT Elnusa Tbk and Subsidiaries
39    015/EN/EDR/005D/2024    22 November 2024     Surat Edaran Pemilihan Gubernur dan Wakil Gubernur, Bupati dan Wakil Bupati,
                              November 22, 2024    serta Wali Kota dan Wakil Wali Kota Tahun 2024
                                                   Circular on the Election of Governors and Deputy Governors, Regents and Deputy
                                                   Regents, as well as Mayors and Deputy Mayors in 2024
40    016/EN/EDR/000D/2024    25 November 2024     Surat Edaran tentang Ketentuan Pemberian Biaya Representasi dan Corporate
                              November 25, 2024    Credit Card untuk Direksi Anak Perusahaan PT Elnusa Tbk & Pekerja PT Elnusa Tbk
                                                   Circular on the Provisions for Providing Representation Costs and Corporate Credit
                                                   Cards for the Board of Directors of PT Elnusa Tbk Subsidiaries & Employees of
                                                   PT Elnusa Tbk
41    204/EN/KPTS/000D/2024   5 Desember 2024      Surat Keputusan tentang Panjar Insentif atas Kinerja Tahun 2024 di Lingkungan
                              December 5, 2024     PT Elnusa Tbk dan Anak Perusahaan
                                                   Decree on Incentive Advances Based on Performance for the Year 2024 in the
                                                   Environment of PT Elnusa Tbk and Subsidiaries
42    205/EN/KPTS/005D/2024   5 Desember 2024      Ketentuan Panjar Insentif atas Kinerja Tahun 2024 di Lingkungan PT Elnusa Tbk
                              December 5, 2024     dan Anak Perusahaan
                                                   Provisions for Incentive Advances Based on Performance for the Year 2024 in the
                                                   Environment of PT Elnusa Tbk and Subsidiaries




                                                                                      2024 Annual Report PT ELNUSA Tbk           313
Page 316
          TATA KELOLA PERUSAHAAN
          Corporate Governance




            Nomor Surat               Tanggal                                           Perihal
 No.
           Letter Number               Date                                            Regarding

 43    206/EN/KPTS/000D/2024   9 Desember 2024     Surat Keputusan tentang Panjar Insentif atas Kinerja Tahun 2024 Pekerja Tenaga
                               December 9, 2024    Kerja Outsourcing di Lingkungan PT Elnusa Tbk dan Anak Perusahaan
                                                   Decree on Incentive Advances Based on Performance for the Year 2024 for
                                                   Outsourcing Employees in the Environment of PT Elnusa Tbk and Subsidiaries
 44    207/EN/KPTS/005D/2024   9 Desember 2024     Surat Keputusan Pembentukan Tim Ahli K3 Muda Lingkungan Kerja PT Elnusa Tbk
                               December 9, 2024    Decree on the Establishment of the Young Occupational Health and Safety (K3)
                                                   Expert Team in the Work Environment of PT Elnusa Tbk
 45    209/EN/KPTS/000D/2024   11 Desember 2024    Surat Keputusan tentang Kenaikan Upah Tahun 2024 PT Elnusa Tbk dan Anak
                               December 11, 2024   Perusahaan
                                                   Decree on Wage Increases for the Year 2024 at PT Elnusa Tbk & Subsidiaries
 46    017/EN/EDR/005D/2024    12 Desember 2024    Surat Edaran Cuti Bersama Tahun 2024–Hari Raya Natal
                               December 12, 2024   Circular on Joint Leave for the Year 2024–Christmas Holiday
 47    018/EN/EDR/005D/2024    13 Desember 2024    Surat Edaran Imbauan Menaati Aturan, Norma, dan Etika saat Bekerja di Luar Jam
                               December 13, 2024   Kerja
                                                   Circular on the Appeal to Comply with Rules, Norms, and Ethics While Working
                                                   Outside of Working Hours
 48    019/EN/EDR/005D/2024    17 Desember 2024    Surat Edaran Libur Nasional dan Cuti Bersama Tahun 2025 di Lingkungan
                               December 17, 2024   PT Elnusa Tbk & Group
                                                   Circular on National Holidays and Joint Leave for the Year 2025 in the Environment
                                                   of PT Elnusa Tbk & Group
 49    211/EN/KPTS/000D/2024   19 Desember 2024    Surat Keputusan Skala Upah 2024
                               December 19, 2024   Decree on Wage Scale 2024
 50    212/EN/KPTS/000D/2024   19 Desember 2024    Surat Keputusan tentang Penetapan Nilai Tunjangan-Tunjangan dalam Sistem
                               December 19, 2024   Remunerasi 2024
                                                   Decree on the Determination of Allowance Values in the 2024 Remuneration
                                                   System
 51    234/EN/KPTS/005D/2024   24 Desember 2024    Surat Keputusan tentang Petunjuk Teknis SK Penetapan Nilai Tunjangan-Tunjangan
                               December 24, 2024   dalam Sistem Remunerasi
                                                   Decree on Technical Guidelines for the Decree on the Determination of Allowance
                                                   Values in the Remuneration System
 52    235/EN/KPTS/005D/2024   24 Desember 2024    Surat Keputusan tentang Petunjuk Teknis SK Skala Upah 2024
                               December 24, 2024   Decree on Technical Guidelines for the Wage Scale Decree 2024




PENILAIAN DIREKSI TERHADAP KINERJA                             ASSESSMENT OF THE BOARD OF DIRECTORS
KOMITE YANG MENDUKUNG PELAKSANAAN                              ON THE PERFORMANCE OF COMMITTEES
TUGAS DIREKSI TAHUN 2024                                       THAT SUPPORT THE IMPLEMENTATION OF
                                                               DUTIES OF THE BOARD OF DIRECTORS IN THE
                                                               YEAR 2024
Pada tahun 2024, Perseroan tidak memiliki komite di bawah      In 2024, the Company did not retain committees under the Board
Direksi yang mendukung pelaksanaan tugas Direksi.              of Directors that support the implementation of duties of the
                                                               Board of Directors.




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Transparansi Informasi Dewan Komisaris
dan Direksi
    Information Transparency of the Board of Commissioners
    and the Board of Directors

HUBUNGAN DEWAN KOMISARIS DAN DIREKSI                               RELATIONSHIP BETWEEN THE BOARD OF
                                                                   COMMISSIONERS AND THE BOARD OF
                                                                   DIRECTORS
Dalam menjalankan tugas dan tanggung jawabnya, Dewan               In carrying out their duties and responsibilities, The Board of
Komisaris dan Direksi memiliki hubungan sebagaimana                Commissioners and the Board of Directors retain a relationship in
diamanahkan dalam Anggaran Dasar Perseroan maupun Pedoman          carrying out their duties and responsibilities as mandated in the
Kerja/Board Manual Dewan Komisaris dan Direksi serta peraturan     Company’s Articles of Association as well as in the Board Manual
perundang-undangan yang berlaku. Hubungan Dewan Komisaris          of the Board of Commissioners and the Board of Directors as well
dengan Direksi dapat mencakup tetapi tidak terbatas pada hal-hal   as applicable laws and regulations. The relationship of the Board
antara lain sebagai berikut:                                       of Commissioners with the Board of Directors consists but not
                                                                   limited to matters, among others, as follows:
1. Dewan Komisaris menyetujui secara tertulis usulan Direksi       1. The Board of Commissioners approves in writing of
   mengenai RJPP, RKAP, Pengangkatan dan pemberhentian Chief            recommendations by the Board of Directors on RJPP, RKAP,
   Audit Executive dan Sekretaris Perusahaan serta hal-hal lain         Appointment and Dismissal of Chief Audit Executive and
   sebagaimana tercantum dalam Anggaran Dasar Perseroan dan             Corporate Secretary as well as on other matters as stated in
   peraturan perundang-undangan yang berlaku;                           the Company’s Articles of Association and prevailing laws and
                                                                        regulations;
2. Direksi wajib menyampaikan laporan berkala kepada Dewan         2. The Board of Directors is obligated to periodically report to
   Komisaris sebagai fungsi pengawasan Dewan Komisaris                  the Board of Commissioners as the supervisory function of
   terhadap kebijakan pengurusan Perseroan serta bersama-               the Board of Commissioners on the Company’s management
   sama dengan Direksi menyampaikan Laporan tahunan                     policies as well as jointly with the Board of Directors in
   kepada RUPS;                                                         submitting the Annual Report to the GMS;
3. Dewan Komisaris wajib mengadakan rapat bersama Direksi          3. The Board of Commissioners is obligated to hold joint meetings
   dalam rangka mengikuti perkembangan kegiatan Perseroan,              with the Board of Directors in the context of following
   memberikan pendapat, saran dan nasihat kepada Direksi                developments of the Company’s activities, provide opinions,
   dalam melakukan pengurusan Perseroan;                                suggestions and advice to the Board of Directors in managing
                                                                        the Company.
4. Dewan Komisaris bersama dengan Direksi melakukan kajian         4. The Board of Commissioners jointly with the Board of Directors
   visi dan misi Perusahaan;                                            conduct a review of the Company’ vision and mission;
5. Apabila diperlukan, Dewan Komisaris dibantu Direksi dalam       5. If required, the Board of Commissioners is assisted by the
   proses penunjukan calon auditor eksternal sesuai dengan              Board of Directors in the process of appointing a prospective
   ketentuan pengadaan barang & jasa, dan penunjukan penilai            external auditor in accordance with provisions on the
   (assessor) independen dalam proses asesmen penerapan GCG             procurement of goods & services, and the appointment of
   di Perseroan;                                                        an independent assessor for the assessment process of GCG
                                                                        implementation in the Company;
6. Dewan Komisaris berhak memperoleh akses atas informasi          6. The Board of Commissioners has the right to obtain access
   Perseroan secara tepat waktu, terukur, dan lengkap;                  to Company information on timely manner, measurable and
                                                                        complete;
7. Dengan pemberitahuan terlebih dahulu sebelumnya, Dewan          7. With prior notice, the Board of Commissioners may attend
   Komisaris dapat menghadiri rapat Direksi dan memberikan              meetings of the Board of Directors and provide views on
   pandangan-pandangan terhadap hal-hal yang dibicarakan;               matters discussed;
8. Hal-hal lainnya sebagaimana tercantum dalam Pedoman Kerja/      8. Other matters as stated in the Board Manual of the Board
   Board Manual Dewan Komisaris dan Direksi serta Anggaran              Commissioners and the Board of Directors as well as in the
   Dasar Perseroan dan peraturan perundang-undangan yang                Company’s Articles of Association and prevailing laws and
   berlaku.                                                             regulations.




                                                                                        2024 Annual Report PT ELNUSA Tbk       315
Page 318
           TATA KELOLA PERUSAHAAN
           Corporate Governance




Tugas dan tanggung jawab yang terkait hubungan Dewan Komisaris     Duties and responsibilities related to this relationship of the Board
dan Direksi tersebut telah dilaksanakan oleh Perseroan secara      of Commissioners with the Board of Directors are carried out by
efektif dan sesuai Anggaran Dasar, Pedoman Kerja/Board Manual      the Company effectively and in accordance with the Articles of
Dewan Komisaris dan Direksi.                                       Association, the Board Manual of the Board of Commissioners and
                                                                   the Board of Directors.




Hubungan Afiliasi Dewan Komisaris,
Direksi, dan/atau Pemegang Saham
Pengendali
   Affiliate Relationship between the Board of Commissioners,
   the Board of Directors, and/or Controlling Shareholder

PEMEGANG SAHAM UTAMA, PEMEGANG
SAHAM PENGENDALI, HINGGA NAMA PEMILIK
AKHIR                                                              MAJOR SHAREHOLDERS, CONTROLLING
Pemegang Saham Utama/Pengendali Perseroan adalah                   SHAREHOLDERS, TO THE NAME OF ULTIMATE
PT Pertamina Hulu Energi dengan kepemilikan sebesar 51,10%.        OWNER
PT Pertamina Hulu Energi (PHE) merupakan anak perusahaan           The Major/Controlling Shareholder of the Company is PT Pertamina
PT Pertamina (Persero) yang mengelola portofolio blok-blok migas   Hulu Energi with ownership of 51.10%. PT Pertamina Hulu Energi
di dalam dan luar negeri, serta bergerak di kegiatan usaha hilir   (PHE) is subsidiary of PT Pertamina (Persero) that manages
migas dan services. Sementara PT Pertamina (Persero) adalah        the portfolio of oil and gas blocks domestically and overseas,
perusahaan energi nasional yang 100% kepemilikan sahamnya          and engages in downstream oil and gas business activities and
dimiliki oleh Pemerintah Republik Indonesia, melalui Kementerian   services. Meanwhile PT Pertamina (Persero) is a national energy
Negara Badan Usaha Milik Negara (BUMN) selaku Kuasa Pemegang       company of which 100% of its shares is owned by the Government
Saham. Dengan demikian, entitas induk tertinggi, atau ultimate     of the Republic of Indonesia, through the Ministry of State-Owned
parent entity Perseroan adalah Pemerintah Republik Indonesia.      Enterprises (BUMN) as the Shareholder Authority. Thus, the
                                                                   highest parent entity, or ultimate parent entity of the Company is
PENGUNGKAPAN HUBUNGAN AFILIASI                                     the Government of the Republic of Indonesia.
ANTARA DIREKSI, DEWAN KOMISARIS, DAN
PEMEGANG SAHAM UTAMA/PENGENDALI                                    DISCLOSURE OF AFFILIATE RELATIONSHIP
                                                                   BETWEEN THE BOARD OF DIRECTORS, THE
Pemegang Saham Pengendali, Dewan Komisaris dan Direksi saling      BOARD OF COMMISSIONERS, AND MAJOR/
menghormati pelaksanaan tugas, tanggung jawab, dan wewenang        CONTROLLING SHAREHOLDERS
masing-masing sesuai peraturan perundang-undangan dan              The Controlling Shareholders, the Board of Commissioners and the
Anggaran Dasar. Dewan Komisaris dan Direksi Perseroan memiliki     Board of Directors mutually respect each other’s implementation
pedoman dan tata tertib kerja yang mencantumkan antara lain        of duties, responsibilities and authorities in accordance with the
tanggung jawab, kewajiban, wewenang, dan hak masing-masing.        laws and regulations and the Articles of Association. The Board
                                                                   of Commissioners and the Board of Directors of the Company
                                                                   retain guidelines and work procedures that state, among others,
                                                                   responsibilities, obligations authorities and rights of each
Setiap anggota Dewan Komisaris dan Direksi yang baru menjabat      respective party.
juga wajib untuk membuat surat pernyataan terkait dengan
pemenuhan persyaratan yang wajib dipenuhi oleh setiap anggota      Each newly appointed member of the Board of Commissioners
Dewan Komisaris dan Direksi, di antaranya adalah menyatakan        and the Board of Director is also obligated to make a statement
status hubungan afiliasi, dan hubungan kepengurusan di             letter related to the fulfilment of requirements that must be met
perusahaan lain. Hal ini untuk memastikan tidak adanya rangkap     by each member of the Board of Commissioners and the Board of
jabatan yang dapat menimbulkan benturan kepentingan secara         Directors, among others, to state the status of affiliate relationship
langsung atau tidak langsung dengan Perseroan atau yang            and management relationship in other companies. This is to
bertentangan dengan ketentuan peraturan perundang-undangan         ensure there is no concurrent position that may cause direct or
yang berlaku dan Anggaran Dasar Perseroan.                         indirect conflict of interest with the Company or that may be in
                                                                   conflict with applicable regulatory provisions and the Articles of
                                                                   Association of the Company.



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                                                   Hubungan Keluarga dengan                                    Hubungan Keuangan dengan
                                                    Family Relationship with                                    Financial Relationship with

                                                                                    Pemegang                                              Pemegang
     Nama dan Jabatan                                                             Saham Utama/                                          Saham Utama/
                                            Dewan                                                     Dewan
     Name and Position                                        Direksi               Pengendali                           Direksi          Pengendali
                                          Komisaris                                                 Komisaris
                                                             Board of               Perseroan                           Board of          Perseroan
                                           Board of                                                  Board of
                                                             Directors           Company Major/                         Directors      Company Major/
                                        Commissioners                                             Commissioners
                                                                                    Controlling                                           Controlling
                                                                                   Shareholder                                           Shareholder

Dewan Komisaris |Board of Commissioners
Eko Ariantoro****                             x                   x                           x         x                   x                 x
                          **
Nur Endro Buwono                              x                   x                           x         x                   x                 x
Denie S. Tampubolon**                         x                   x                           x         x                   x                 x
                        ****
Ariana Soemanto                               x                   x                           x         x                   x                 x
Agus Prabowo*                                 x                   x                           x         x                   x                 x
                         ***
Lusiaga Levi Susila                           x                   x                           x         x                   x                 x
Hernawan Bekti Sasongko*                      x                   x                           x         x                   x                 x
Wakhid Hasyim***                              x                   x                           x         x                   x                 x
Direksi | Board of Directors
John Hisar Simamora*                          x                   x                           x         x                   x                 x
Bachtiar Soeria Atmadja                       x                   x                           x         x                   x                 x
Charles Harianto                              x                   x                           x         x                   x                 x
Lumbantobing*
Ratih Esti Prihatini*                         x                   x                           x         x                   x                 x
Hera Handayani                                x                   x                           x         x                   x                 x
Endro Hartanto**                              x                   x                           x         x                   x                 x
                   **
Stanley Iriawan                               x                   x                           x         x                   x                 x
Arief Prasetyo Handoyo**                      x                   x                           x         x                   x                 x
Keterangan:                                             Description:
*                                                       *
      Menjabat hingga 17 Januari 2024                         Served until January 17, 2024
**                                                      **
      Menjabat mulai 17 Januari 2024                          Served since January 17, 2024
***                                                     ***
      Menjabat hingga 15 Mei 2024                             Served until May 15, 2024
****                                                    ****
      Menjabat mulai 15 Mei 2024                              Served since May 15, 2024




                                                                                                            2024 Annual Report PT ELNUSA Tbk      317
Page 320
           TATA KELOLA PERUSAHAAN
           Corporate Governance




Rapat Dewan Komisaris dan Direksi
    Meeting of the Board of Commissioners and the Board of
    Directors


MEKANISME RAPAT DEWAN KOMISARIS DAN                                  MECANISM OF MEETING OF THE BOARD OF
RAPAT DEWAN KOMISARIS BERSAMA DIREKSI                                COMMISSIONERS AND JOINT MEETINGS OF
                                                                     THE BOARD OF COMMISSIONERS WITH THE
                                                                     BOARD OF DIRECTORS
Rapat Dewan Komisaris dan Rapat Direksi merujuk pada Anggaran        The meetings of the Board of Commissioners and Board of
Dasar Perseroan dan Peraturan Otoritas Jasa Keuangan No. 33/         Directors meetings refer to the Company’s Articles of Association
POJK.04/2014 tanggal 8 Desember 2014 mengenai Direksi dan            and Financial Services Authority Regulation No. 33/POJK.04/2014
Dewan Komisaris Emiten atau Perusahaan Publik. Dalam peraturan       dated 8 December 2014 regarding the Board of Directors and
tersebut disebutkan bahwa Dewan Komisaris wajib mengadakan           the Board of Commissioners of Issuers or Public Companies. The
Rapat paling kurang 1 (satu) kali dalam 2 (dua) bulan dan            regulation states that the Board of Commissioners is obligated to
mengadakan rapat bersama Direksi secara berkala paling kurang        hold at least 1 (one) Meeting in 2 (two) months and Joint Meeting
1 (satu) kali dalam 4 (empat) bulan. Selain itu, Dewan Komisaris     with the Board of Directors periodically at least 1 (one) time in 4
dapat mengadakan rapat sewaktu-waktu atas permintaan 1 (satu)        (four) months. In addition, the Board of Commissioners may hold
atau beberapa anggota Dewan Komisaris atau Direksi, dengan           a meeting at any time upon request of 1 (one) or several members
menyebutkan hal-hal yang akan dibicarakan.                           of the Board of Commissioners or the Board of Directors by stating
                                                                     the matters to be discussed.

Dewan Komisaris dapat mengambil keputusan yang sah tanpa             The Board of Commissioners may make legitimate decisions
menyelenggarakan Rapat Dewan Komisaris dengan ketentuan              without the Board of Commissioners’ Meeting subject to term
semua anggota Dewan Komisaris telah diinformasikan secara            that all members of the Board of Commissioners are informed in
tertulis dan semua anggota Dewan Komisaris memberikan                writing and all members of the Board of Commissioners extend
persetujuan mengenai usul yang diajukan secara tertulis serta        their approval on the recommendations proposed in writing as
menandatangani persetujuan tersebut.                                 well as their signatures on the concerned approval.

RAPAT DEWAN KOMISARIS                                                MEETING OF THE BOARD OF COMMISSIONERS

Kebijakan Rapat                                                      Meeting Policy

Rapat Dewan Komisaris terdiri atas:                                  Meeting of the Board of Commissioners consists of the following:
1. Rapat Internal Dewan Komisaris yang terdiri dari Rapat            1. Board of Commissioners Meeting that entails Internal Meeting
   Internal khusus anggota Dewan Komisaris dan Rapat Internal           of the Board of Commissioners.
   Dewan Komisaris bersama Komite-komite di bawah Dewan
   Komisaris.
2. Rapat Dewan Komisaris dengan mengundang Direktur terkait          2. Board of Commissioners Meeting that invites related Director
   dan/atau manajemen.                                                  and the management.
3. Rapat Dewan Komisaris bersama Direksi yaitu Rapat Dewan           3. Board of Commissioners Meeting together with the Board
   Komisaris bersama Direksi yang dihadiri Corporate Secretary          of Directors, namely Joint Meeting between the Board of
   dan Sekretaris Dewan Komisaris.                                      Commissioners and the Board of Directors attended by
                                                                        the Corporate Secretary and the Secretary to the Board of
                                                                        Commissioners.

Rapat Dewan Komisaris diselenggarakan sekurang-kurangnya             The meeting of the Board of Commissioners is held at least once
sekali setiap 2 (dua) bulan, selaras dengan yang tertuang dalam      every 2 (two) months, in accordance with the Company’s Articles
Anggaran Dasar Perseroan. Rapat Dewan Komisaris adalah sah dan       of Association. Meetings of the Board of Commissioners are
berhak mengambil keputusan yang mengikat apabila dihadiri atau       legitimate and entitled to make binding decisions if attended or
diwakili oleh paling kurang 2/3 (dua per tiga) dari jumlah anggota   represented by at least 2/3 (two-thirds) of the total number of
Dewan Komisaris.                                                     members of the Board of Commissioners.




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Rapat Dewan Komisaris disampaikan kepada peserta rapat paling            The Board of Commissioners meeting materials are provided to the
lambat 5 (lima) hari sebelum rapat diselenggarakan. Jika rapat           meeting participants no later than 5 (five) days before the meeting
yang diselenggarakan di luar jadwal yang telah disusun, bahan            is held. If the meeting is not held on schedule, its materials shall
rapat disampaikan kepada peserta rapat paling lambat sebelum             be delivered to meeting participants at the latest right before the
rapat diselenggarakan.                                                   meeting begins.

Rapat Internal Dewan Komisaris dipimpin oleh Komisaris Utama,            Internal meeting of the Board of Commissioners is chaired by the
dalam hal Komisaris Utama tidak dapat hadir atau berhalangan,            President Commissioner, in the event the President Commissioner
rapat Dewan Komisaris dipimpin oleh seorang anggota Dewan                is unable to attend or is absent, the meeting of the Board of
Komisaris lainnya yang ditunjuk oleh Komisaris Utama. Dalam              Commissioners is chaired by another member of the Board
hal Komisaris Utama tidak melakukan penunjukan, maka anggota             of Commissioners appointed by the President Commissioner.
Dewan Komisaris yang paling lama menjabat sebagai anggota                In the event the President Commissioner does not make the
Dewan Komisaris bertindak sebagai pimpinan Rapat Dewan                   appointment, then the member of the Board of Commissioners
Komisaris. Dalam hal anggota Dewan Komisaris yang paling lama            who has served the longest as member of the Board of
menjabat lebih dari satu orang, maka yang memimpin rapat adalah          Commissioners acts as chairman of the Meeting of the Board of
anggota Dewan Komisaris yang tertua dalam usia.                          Commissioners. In the event there are more than one members
                                                                         of the Board of Commissioners who have served the longest, then
                                                                         the meeting shall be chaired by the oldest member of the Board
                                                                         of Commissioners.

Realisasi Rapat                                                          Meeting Realization
Rapat Internal Dewan Komisaris dipimpin oleh Komisaris Utama.            The Internal Board of Commissioners meetings shall be chaired
Rapat Dewan Komisaris yang membahas kinerja bulanan                      by the President Commissioner. The Board of Commissioners
Perseroan telah diagendakan sebelum tahun berjalan yang                  meetings that discuss the Company’s monthly performance have
dituangkan di dalam program kerja Dewan Komisaris. Rapat yang            been scheduled prior to the current year, as outlined in the Board
bersifat unplanned juga dapat dilaksanakan sewaktu-waktu sesuai          of Commissioners’ work program. Unplanned meetings may also
dengan kebutuhan. Selama tahun 2024, Rapat Internal Dewan                be held at any time as needed. During the year 2024, the Board of
Komisaris telah dilakukan sebanyak 37 (tiga puluh tujuh) kali.           Commissioners held 37 (thirty-seven) internal meetings. Below are
Berikut disajikan agenda dan frekuensi kehadiran Rapat Internal          presented the agenda and attendance frequency of the Internal
Dewan Komisaris.                                                         Board of Commissioners meetings.

AGENDA RAPAT INTERNAL DEWAN KOMISARIS
Agenda of the Internal Board of Commissioners Meeting

                                                                   Agenda Rapat
 No.
                                                                  Meeting Agenda

  1    Kinerja YTD Desember 2023
       YTD Performance December 2023
  2    Kinerja YTD Januari 2024
       YTD Performance January 2023
  3    Hasil penilaian kinerja Dewan Komisaris, Direksi, dan Komite Tahun Buku 2023
       Performance assessment results of the Board of Commissioners, Board of Directors, and Committees for the fiscal year 2023
  4    Usulan Tantiem 2023 dan Remunerasi 2024
       Proposal for bonuses for 2023 and remuneration for 2024
  5    Kinerja YTD Februari 2024
       YTD Performance February 2024
  6    1. Kinerja YTD Maret 2024
       2. Persiapan Pelaksanaan RUPS Tahun Buku 2023
       3. Lain-lain
       1. YTD Performance March 2024
       2. Preparation for the GMS for the fiscal year 2023
       3. Miscellaneous
  7    1. Permohonan Persetujuan Investasi 2 Set Coil Tubing Unit 2 Set Cementing Unit, dan Pembelian Lahan serta Pembangunan Warehouse
          General Storage (“WH GS”) PT Sigma Cipta Utama
       2. Rencana Permohonan Persetujuan Fasilitas Kredit
       1. Investment Approval Request of 2 Sets of Coil Tubing Unit 2 Sets of Cementing Unit, and Land Acquisition and Construction of General
          Storage Warehouse (“WH GS”) of PT Sigma Cipta Utama
       2. Plan for Credit Facility Approval Request




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                                                                   Agenda Rapat
No.
                                                                  Meeting Agenda

 8    1. Surat Komite NR dan GCG terkait Tantiem Dewan Komisaris dan Direksi
      2. Surat Komite Audit terkait Hasil Evaluasi Kantor Akuntan Publik Tahun Buku 2023
      1. Letter from the NR and GCG Committee regarding the bonuses for the Board of Commissioners and Board of Directors
      2. Letter from the Audit Committee regarding the Evaluation Results of the Public Accounting Firm for the fiscal year 2023
 9    Permohonan Persetujuan Fasilitas Kredit
      Credit Facility Approval Request
10    1. Update Permohonan Persetujuan Fasilitas Kredit
      2. Update Investasi 2 Set Coil Tubing Unit dan 2 Set Cementing Unit
      1. Update Credit Facility Approval Request
      2. Update on the Investment of 2 Sets of Coil Tubing Unit and 2 Sets of Cementing Unit
11    Pembahasan Tantiem bagi Dewan Komisaris dan Direksi PT Elnusa Tbk
      Discussion on Bonuses for the Board of Commissioners and Directors of PT Elnusa Tbk
12    Program Pengenalan Internal Dewan Komisaris
      Internal Introduction Program for the Board of Commissioners
13    Kinerja YTD April 2024
      YTD Performance April 2024
14    1. Internal Control of Financial Reporting (ICoFR)
      2. Piagam Komite-komite di Bawah Dewan Komisaris
      1. Internal Control of Financial Reporting (ICoFR)
      2. Charters of the Committees under the Board of Commissioners
15    Permohonan Persetujuan Usulan Kandidat Direktur SCU-PND
      Approval Request for the Proposed Candidate for SCU-PND Director
16    Monitoring terhadap Tindak Lanjut Rapat Kinerja yang telah dilakukan
      Monitoring of Follow-up Performance Meetings that have been conducted
17    Kinerja YTD Mei 2024
      YTD Performance May 2024
18    Kinerja YTD Juni 2024
      YTD Performance June 2024
19    Peraturan Menteri BUMN No. PER-3/MBU/03/2023 tentang Organ dan SDM BUMN
      Minister of SOEs Regulation No. PER-3/MBU/03/2023 regarding SOE Organizations and Human Capital
20    Kinerja YTD Juli 2024
      YTD Performance July 2024
21    1. Hasil Wawancara Kandidat Staf Sekretariat Dewan Komisaris
      2. Draft RKAP Tahun 2025 Base Scenario
      1. Results of Interviews with Candidates for the Board of Commissioners Secretariat Staff
      2. Draft RKAP 2025 Base Scenario
22    1. Rekomendasi Komite Audit atas Surat Direktur Utama Perihal Permohonan Persetujuan Kerangka Acuan Kerja, Owner’s Estimate
         dan Pelimpahan Proses Pengadaan Kantor Akuntan Publik atas Jasa Audit Laporan Keuangan Konsolidasian PT Elnusa Tbk dan Anak
         Perusahaan untuk Tahun yang Berakhir pada Tanggal 31 Desember 2024 ke PT Pertamina Hulu Energi selaku Subholding Upstream
      2. Hasil Wawancara Kandidat Staf Sekretariat Dewan Komisaris
      1. Recommendations from the Audit Committee on the President Director’s Letter regarding the Approval Request for the Terms
         of Reference, Owner’s Estimate, and Delegation of the Procurement Process for the Audit Services of the Consolidated Financial
         Statements of PT Elnusa Tbk and Subsidiaries for the Year Ended December 31, 2024, to PT Pertamina Hulu Energi as the Upstream
         Subholding
      2. Results of Interviews with Candidates for the Board of Commissioners Secretariat Staff
23    Kinerja YTD Bulan Agustus 2024
      YTD Performance August 2024
24    Rapat Dewan Komisaris bersama Komite NR dan GCG: Pembahasan Pembayaran Tantiem
      Board of Commissioners Meeting with the NR and GCG Committees: Discussion on Bonus Payments
25    Penyusunan Materi Retreat Dewan Komisaris dan Direksi
      Preparation of Materials for the Board of Commissioners and Directors Retreat
26    Reviu Materi Retreat Dewan Komisaris dan Direksi
      Review of Materials for the Board of Commissioners and Directors Retreat
27    Rapat Dewan Komisaris bersama Komite NR dan GCG: Pembahasan Pembayaran Tantiem
      Board of Commissioners Meeting with the NR and GCG Committees: Discussion on Bonus Payments
28    Kinerja YTD Bulan September 2024
      YTD Performance September 2024
29    Penyusunan Materi Retreat Dewan Komisaris–Direksi
      Preparation of Materials for the Board of Commissioners-Directors Retreat
30    Pembahasan RKAP dan RJPP 2025
      Discussion on RKAP and RJPP 2025
31    On Boarding Sekretaris Dewan Komisaris Baru
      Onboarding of the New Board of Commissioners Secretary
32    Pembahasan Persetujuan Investasi 74 Unit Mobil Tangki
      Discussion on Investment Approval for 74 Tanker Trucks




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                                                                                Agenda Rapat
 No.
                                                                               Meeting Agenda

 33      Kinerja YTD Bulan Oktober 2024
         YTD Performance October 2024
 34      Pembahasan Persetujuan Ulang ke-2 Investasi TLPG Kolaka
         Discussion on Second Approval of TLPG Kolaka Investment
 35      1. Persetujuan atas RKAP 2025
         2. Lain-lain
         1. Approval of RKAP 2025
         2. Miscellaneous
 36      Monitoring terhadap Tindak Lanjut Rapat Kinerja yang telah dilakukan
         Monitoring of Follow-up Performance Meetings that have been conducted
 37      Kinerja YTD Bulan November 2024
         YTD Performance November 2024



FREKUENSI DAN KEHADIRAN RAPAT INTERNAL DEWAN KOMISARIS
Frequency and Attendance of the Board of Commissioners Meeting
                                         Rapat Internal Dewan Komisaris              Rapat Gabungan dengan Direksi
                                                                                                                              Kehadiran di RUPS
                                         Internal Meeting of the Board of            Joint Meeting with the Board of
                                                                                                                            Attendance at the GMS
                                                  Commissioners                                 Directors

                                         Jumlah                                       Jumlah                             Jumlah
                        Jabatan saat      Rapat                                        Rapat                              Rapat
       Nama                Rapat         Selama                                       Selama                             Selama
       Name              Position at              Jumlah                                       Jumlah                             Jumlah
                                        Menjabat                                     Menjabat                           Menjabat
                          Meeting                Kehadiran                                    Kehadiran                          Kehadiran
                                        Number                                %      Number                      %      Number                      %
                                                 Number of                                    Number of                          Number of
                                            of                                           of                                 of
                                                 Meetings                                     Meetings                           Meetings
                                        Meetings                                     Meetings                           Meetings
                                         During                                       During                             During
                                          Office                                       Office                             Office

Eko                  Komisaris Utama              26               26         100%         15           15       100%          1           1        100%
Ariantoro****        merangkap
                     Independen
                     President
                     concurrently
                     Independent
                     Commissioner
Nur Endro            Komisaris Utama              36               36         100%         19           19       100%          2           2        100%
Buwono**             President
                     Commissioner
Denie S.             Komisaris                    36               36         100%         19           19       100%          2           2        100%
Tampubolon**         Independen
                     Independent
                     Commissioner
Ariana               Komisaris                    26               20         77%          15           12        80%          1           1        100%
Soemanto****         Commissioner
Agus                 Komisaris Utama               1                 1        100%          1            1       100%          1           1        100%
Prabowo*             President
                     Commissioner
Lusiaga Levi         Komisaris                    11               11         100%          5            5       100%          2           2        100%
Susila***            Independen
                     Independent
                     Commissioner
Hernawan             Komisaris                     1                 1        100%          1            1       100%          1           1        100%
Bekti                Independen
Sasongko*            Independent
                     Commissioner
Wakhid               Komisaris                    11               10         100%          5            5       100%          2           2        100%
Hasyim***            Commissioner
Keterangan:                             Description:
*                                       *
      Menjabat hingga 17 Januari 2024         Served until January 17, 2024
**                                      **
      Menjabat mulai 17 Januari 2024          Served since January 17, 2024
***                                     ***
      Menjabat hingga 15 Mei 2024             Served until May 15, 2024
****                                    ****
      Menjabat mulai 15 Mei 2024              Served since May 15, 2024




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RAPAT DIREKSI                                                           DIRECTORS MEETINGS

Kebijakan Rapat                                                         Meeting Policy
Direksi wajib menyelenggarakan rapat internal paling kurang             The Board of Directors is obligated to hold at least 1 (one) internal
1 (satu) kali dalam setiap bulan, selaras dengan ketentuan yang         meeting every month. Meetings are held to discuss strategic or
tertuang alam Anggaran Dasar Perseroan dan Board Manual. Rapat          operational matters. Strategic means matters that are decided
Direksi dilakukan untuk membicarakan mengenai hal-hal strategis         by requiring the issuance of a Board of Directors decision letter
atau operasional. Strategis memiliki makna yakni hal-hal yang           or Board of Directors memo that impacts all work units. While
diputuskan dengan memerlukan diterbitkannya surat keputusan             operational means matters involving follow-up actions required
Direksi atau memo Direksi yang berdampak pada semua unit kerja.         for the implementation of strategic decisions.
Sedangkan operasional bermakna hal-hal yang berkenaan dengan
tindak lanjut yang diperlukan untuk pelaksanaan keputusan
strategis.

Materi rapat Direksi disiapkan oleh Sekretaris Perusahaan               Meeting materials are prepared by the Corporate Secretary and
dan disampaikan paling lambat lima hari sebelum rapat                   delivered at the latest by five days before the meeting is held.
diselenggarakan. Materi rapat disampaikan bersamaan dengan              Meeting materials are delivered together with the invitation to the
penyampaian undangan rapat. Semua keputusan dalam rapat                 meeting. All decisions in the Board of Directors meeting are taken
Direksi diambil dengan musyawarah untuk mufakat. Apabila tidak          by deliberation to reach consensus. In the event deliberation for
tercapai musyawarah mufakat, maka keputusan diambil dengan              consensus is not reached, then decision is taken by voting based
pemungutan suara berdasarkan suara setuju paling sedikit 1/2            on affirmative votes at least by 1/2 (one-half) of the total votes
(satu per dua) dari jumlah suara yang dikeluarkan dalam rapat.          issued in the meeting.

Realisasi Rapat                                                         Meeting Realization
Sepanjang 1 Januari–31 Desember 2024, Direksi melaksanakan              During the period of January 1–December 31, 2024, the Board of
rapat sebanyak 66 (enam puluh enam) kali. Berikut disampaikan           Directors held 66 (sixty-six) meetings. Following is recapitulation of
rekapitulasi tingkat kehadiran Direksi dalam rapat tersebut.            the attendance level of the Board of Directors at these meetings.

FREKUENSI DAN KEHADIRAN RAPAT DIREKSI
Frequency and Attendance of Meetings of the Board of Directors
                                                                        Rapat Gabungan dengan Dewan
                                          Rapat Internal Direksi
                                                                                  Komisaris                         Kehadiran di RUPS
                                     Internal Meeting of the Board of
                                                                        Joint Meeting with the Board of           Attendance at the GMS
                                                Directors
                                                                                Commissioners

                  Jabatan saat        Jumlah                             Jumlah                                Jumlah
    Nama             Rapat             Rapat                              Rapat                                 Rapat
    Name           Position at        Selama                             Selama                                Selama
                                               Jumlah                             Jumlah                                Jumlah
                    Meeting          Menjabat                           Menjabat                              Menjabat
                                              Kehadiran                          Kehadiran                             Kehadiran
                                     Number                     %       Number                     %          Number                      %
                                              Number of                          Number of                             Number of
                                         of                                 of                                    of
                                              Meetings                           Meetings                              Meetings
                                     Meetings                           Meetings                              Meetings
                                      During                             During                                During
                                       Office                             Office                                Office

John Hisar      Direktur Utama              1             1     100 %           1            1     100 %             1           1    100 %
Simamora*       President Director
Bachtiar        Direktur Utama             66           60       91 %         18            16      89 %             2           2    100 %
Soeria          President Director
Atmadja
Charles         Direktur                    1             1     100 %           1            1     100%              1           1    100 %
Harianto        Director
Lumbantobing*
Ratih Esti      Direktur                    1             0       0%            -            -            -          1           1    100 %
Prihatini*      Director
Hera            Direktur                   66           56       85 %         16            15      94%              2           2    100 %
Handayani       Director
Endro           Direktur                   65           53       82 %         17            16      94%              1           1    100 %
Hartanto**      Director




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                                                                                       Rapat Gabungan dengan Dewan
                                                Rapat Internal Direksi
                                                                                                 Komisaris                       Kehadiran di RUPS
                                           Internal Meeting of the Board of
                                                                                       Joint Meeting with the Board of         Attendance at the GMS
                                                      Directors
                                                                                               Commissioners

                        Jabatan saat       Jumlah                                       Jumlah                             Jumlah
       Nama                Rapat            Rapat                                        Rapat                              Rapat
       Name              Position at       Selama                                       Selama                             Selama
                                                    Jumlah                                       Jumlah                             Jumlah
                          Meeting         Menjabat                                     Menjabat                           Menjabat
                                                   Kehadiran                                    Kehadiran                          Kehadiran
                                          Number                                %      Number                      %      Number                         %
                                                   Number of                                    Number of                          Number of
                                              of                                           of                                 of
                                                   Meetings                                     Meetings                           Meetings
                                          Meetings                                     Meetings                           Meetings
                                           During                                       During                             During
                                            Office                                       Office                             Office

Stanley              Direktur                       65               59         91 %         17           16        94%             1           1        100 %
Iriawan**            Director
Arief Prasetyo       Direktur                       65               57         88 %         15           13        87%             1           1        100 %
Handoyo**            Director
Keterangan:                               Description:
*                                         *
      Menjabat hingga 17 Januari 2024           Served until January 17, 2024
**                                        **
      Menjabat mulai 17 Januari 2024            Served since January 17, 2024




AGENDA RAPAT DIREKSI
Agenda of the Board of Directors Meetings
 No.                                    Agenda Rapat                                                               Meeting Agenda
  1       Arahan Direksi atas Surat PT PHE No. R-001/PHE500000/2024-S8                   Direction from the Board of Directors regarding PT PHE Letter
          perihal Tindak Lanjut Pengajuan Usulan Pengangkatan Pejabat                    No. R-001/PHE500000/2024-S8 concerning Follow-Up on
          Anak Perusahaan (AP) PT Elnusa Tbk.                                            the Proposal for the Appointment of Subsidiary Officials of
                                                                                         PT Elnusa Tbk.
  2       Kinerja Elnusa Holding W3 Januari 2024                                         Elnusa Holding Performance W3 January 2024
          1. Laporan HSSE                                                                1. HSSE Report
          2. Laporan Kinerja Elnusa Holding                                              2. Elnusa Holding Performance Report
          3. Usulan Perubahan Pengurus AP Elnusa                                         3. Proposal for Changes in Elnusa Subsidiary Management
  3       Update Tindak Lanjut Pengadaan Coriolis dan Vortex Investasi                   Update on Follow-Up for Coriolis and Vortex Procurement for
          Mobile Well Test                                                               Mobile Well Test Investment
  4       Laporan Kinerja AP Elnusa W1 Februari 2024 yaitu EPN dan EFK                   Elnusa Subsidiary Performance Report W1 February 2024, namely
                                                                                         EPN and EFK
  5       Pembahasan Tindak Lanjut terkait Performance Operasi, HSSE, dan                Discussion on Follow-Up related to Operational Performance, HSSE,
          Peralatan Elnusa                                                               and Elnusa Equipment
  6       Persetujuan Penerbitan SP3MK Penyedia Kapal dan Peralatan                      Approval for the Issuance of SP3MK for Ship and Equipment
          untuk Project Seismic 3D Marine Bone Seram                                     Providers for the 3D Marine Seismic Project Bone Seram
  7       Kinerja AP Elnusa W2 Februari 2024, yaitu ETSA & SCU-PND                       Elnusa Subsidiary Performance W2 February 2024, namely ETSA &
                                                                                         SCU-PND
          1. Laporan Kinerja ETSA & Target RKAP ETSA Januari 2024                        1. ETSA Performance Report & RKAP ETSA Target January 2024
          2. Laporan Kinerja SCU-PND                                                     2. SCU-PND Performance Report
  8       Update Kinerja Elnusa Holding W3 Februari 2024                                 Update on Elnusa Holding Performance W3 February 2024
          1. Laporan HSSE                                                                1. HSSE Report
          2. Laporan Kinerja Elnusa Holding                                              2. Elnusa Holding Performance Report
  9       Laporan Kinerja AP Elnusa W4 Februari 2024, yaitu EPN & EFK                    Elnusa Subsidiary Performance Report W4 February 2024, namely
                                                                                         EPN & EFK
  10      Permohonan Persetujuan Investasi Cementing Unit, Coiled Tubing                 Investment Approval Request for Cementing Unit, Coiled Tubing
          Unit (CTU) & Peralatan Lab Cementing                                           Unit (CTU) & Cementing Lab Equipment
  11      1. Rencana Investasi 3 Hopper Barge                                            1. Investment Plan for 3 Hopper Barges
          2. Rencana Investasi Fire Fighting untuk Warehouse BSD                         2. Investment Plan for Fire Fighting for BSD Warehouse
          3. Rencana Investasi Lift Graha Elnusa                                         3. Investment Plan for Elnusa Graha Lift
  12      1. HC Matters                                                                  1. HC Matters
          2. Update Signature Authorization Matrix (SAM)                                 2. Update on Signature Authorization Matrix (SAM)
          3. Update Lahan SCU oleh Tim Kajian Lahan ENHO                                 3. Update on SCU Land by the ENHO Land Study Team
  13      Laporan Kinerja AP Elnusa W2 Maret 2024                                        Elnusa Subsidiary Performance Report W2 March 2024
  14      1. HC Matters (oleh tim HC)                                                    1. HC Matters (by the HC team)
          2. Re-Ekspor Sparepart Vibroseis (oleh tim SCM, ARP dan                        2. Re-Export of Vibroseis Spare Parts (by the SCM, ARP, and
             Upstream GRS)                                                                  Upstream GRS teams)




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No.                              Agenda Rapat                                                           Meeting Agenda
 15   Update Kinerja Elnusa Holding W3 Maret 2024                             Update on Elnusa Holding Performance W3 March 2024
      1. Laporan HSSE                                                         1. HSSE Report
      2. Laporan Kinerja Elnusa Holding                                       2. Elnusa Holding Performance Report
 16   1. Investasi General Warehouse di SCU dan Investasi Rak PUDC di         1. Investment in General Warehouse at SCU and Investment in
         PND                                                                     PUDC Rack at PND
      2. Investasi Unit Electrical Cutter (Ecutter) dan Unit Ultrasonic CBL   2. Investment in Electrical Cutter (Ecutter) and Ultrasonic CBL Tool
         Tool (USIT) pada Div. Upstream                                          (USIT) in the Upstream Division
 17   1. Proses Pengadaan Booster Pump Rokan PT Pertagas oleh tim             1. Procurement Process for Booster Pump Rokan PT Pertagas by
         SCM                                                                     the SCM team
      2. Bisnis Proses BOD-1 oleh tim HC                                      2. BOD-1 Business Process by the HC team
      3. Update Tim Task Force Balikpapan                                     3. Update from the Balikpapan Task Force Team
 18   1. Kinerja AP Elnusa W4 Maret 2024 yaitu EPN & EFK                      1. Elnusa Subsidiary Performance W4 March 2024, namely EPN &
                                                                                 EFK
      2. Penetapan KPI Direksi Elnusa Tahun 2024 oleh Tim SPCM                2. Establishment of Elnusa Board of Directors KPI for 2024 by the
                                                                                 SPCM Team
      3. Update Struktur Organisasi Balikpapan oleh Tim Kajian Struktur       3. Update on Balikpapan Organizational Structure by the
         Organisasi Balikpapan                                                   Balikpapan Organizational Structure Study Team
 19   Sirkuler Permohonan Persetujuan Kembali Investasi 2 Unit Coiled         Circular Request for Re-Approval of Investment for 2 Coiled Tubing
      Tubing                                                                  Units
 20   Update Kinerja AP dari aspek HSSE, Marketing, Operational,              Update on Subsidiary Performance from the aspects of HSSE,
      strategic Issue, dan financial W4 April 2024 - ETSA & SCU-PND           Marketing, Operational, Strategic Issues, and Financial W4 April
                                                                              2024 - ETSA & SCU-PND
 21   1. Update progress tindak lanjut insiden di salah satu Business         1. Update on the progress of follow-up on incidents in one of the
         Unit oleh VP HSSE                                                       Business Units by the VP of HSSE
      2. Usulan dividen ke SHU dan penarikan dividen AP Tahun Buku            2. Proposal for dividends to SHU and withdrawal of dividends
         2023 oleh VP Finance & Treasury                                         from Subsidiaries for the fiscal year 2023 by the VP of Finance
                                                                                 & Treasury
      3. Usulan Jadwal dan Proxy RUPST AP Elnusa Tahun Buku 2023              3. Proposal for Schedule and Proxy for the 2023 GMS of Elnusa
         oleh Pjs. VP SPCM                                                       Subsidiaries by the Acting VP of SPCM
 22   1. Gangguan IT oleh VP PMGS                                       1. IT Disruptions by the VP of PMGS
      2. Mitigasi Kendala Proses Aktivitas Keuangan dan Closing Laporan 2. Mitigation of Financial Activity Process Constraints and Closing
         Konsolidasi Periode April 2024 oleh VP Controller                 of Consolidated Reports for the April 2024 Period by the VP of
                                                                           Controller
 23   1. Permohonan Peminjaman Dana (Shareholder Loan) oleh                   1. Request for Shareholder Loan by PT Elnusa Fabrikasi Konstruksi
         PT Elnusa Fabrikasi Konstruksi                                       2. Request for Approval for Renovation of Graha Elnusa Building
      2. Permohonan Persetujuan Renovasi Gedung Graha Elnusa dan                 and Additional Space for PHI by the PMGS Division
         Penambahan Space PHI oleh Divisi PMGS
 24   1. Rencana Bisnis dan Permohonan Persetujuan Aktivasi Anak              1. Business Plan and Request for Approval for Activation of
         Perusahaan (EDK & Finera) oleh EPN                                      Subsidiaries (EDK & Finera) by EPN
      2. Rencana Pengembangan Kantor EIR Balikpapan oleh PMGS                 2. Office Development Plan for EIR Balikpapan by PMGS
 25   Update Kinerja ENHO W3 Mei 2024                                         Update on ENHO Performance W3 May 2024
      1. Laporan HSSE                                                         1. HSSE Report
      2. Laporan Kinerja Elnusa Holding                                       2. Elnusa Holding Performance Report
 26   Laporan AP W4 Mei 2024                                                  Subsidiary Report W4 May 2024
      1. Update Kinerja & menjelaskan Sentralisasi Business Fleet             1. Update on Performance & explanation of Centralized Business
         Management EPN                                                          Fleet Management EPN
      2. Update Kinerja EFK                                                   2. Update on EFK Performance
 27   Update Kinerja AP W1 Juni 2024 - ETSA & SCU-PND                         Update on Subsidiary Performance W1 June 2024 - ETSA & SCU-
                                                                              PND
 28   1. Strategic Initiatives Elnusa Tahun 2024 oleh Divisi SPCM             1. Strategic Initiatives of Elnusa for 2024 by the SPCM Division
      2. Recovery Data SAP oleh Divisi Controller                             2. SAP Data Recovery by the Controller Division
      3. Penyediaan Ruangan dan Workshop Balikpapan oleh Divisi               3. Provision of Rooms and Workshop in Balikpapan by the PMGS
         PMGS                                                                    Division
 29   1. Persiapan Quality Management Assessment oleh Divisi HC               1. Preparation for Quality Management Assessment by the HC
                                                                                 Division
      2. Permohonan Persetujuan Term of Payment Kontrak Lumpsum               2. Request for Approval of Terms of Payment for Lumpsum
         dengan Hebei Huatong - Project Seismik 3D Petronas oleh Divisi          Contract with Hebei Huatong - 3D Seismic Project for Petronas
         Upstream                                                                by the Upstream Division
 30   1. Permohonan Persetujuan Investasi Server SDP oleh Upstream            1. Request for Investment Approval for SDP Server by Upstream
         GRS                                                                     GRS
      2. Persetujuan Investasi Docking Elsa 5 oleh ETSA                       2. Approval of Investment for Docking Elsa 5 by ETSA
      3. Persiapan Challenge Session SHU RKAP 2025                            3. Preparation for Challenge Session for SHU RKAP 2025
 31   Penjelasan permasalahan proyek Crude Distillation Unit (CDU) IV         Explanation of issues related to the Crude Distillation Unit (CDU) IV
      Kilang Pertamina Balikpapan (KPB) oleh Direktur EFK                     project at Pertamina Balikpapan Refinery (KPB) by the EFK Director
 32   Update Kinerja ENHO W4 Juni 2024                                        Update on ENHO Performance W4 June 2024
 33   Update Kinerja AP W2 Juli 2024 - EPN & EFK                              Update on Subsidiary Performance W2 July 2024 - EPN & EFK




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                                                                                                            TATA KELOLA PERUSAHAAN
                                                                                                               Corporate Governance




No.                             Agenda Rapat                                                   Meeting Agenda
34    1. Usulan Perubahan Struktur Organisasi Divisi Corporate        1. Proposal for Organizational Structure Changes in the Corporate
         Secretary                                                       Secretary Division
      2. Rapat Tinjauan Manajemen – Sistem Manajemen Anti             2. Management Review Meeting – Anti-Bribery Management
         Penyuapan                                                       System
35    Update Kinerja AP W2 Juli 2024 - ETSA & SCU-PND                 Update on Subsidiary Performance W2 July 2024 - ETSA & SCU-
                                                                      PND
36    Update Kinerja ENHO W4 Juli 2024                                Update on ENHO Performance W4 July 2024
37    Update Kinerja AP W4 Juli 2024 - EPN & EFK                      Update on Subsidiary Performance W4 July 2024 - EPN & EFK
38    Laporan Kinerja AP W2 Agustus 2024 - ETSA & SCU-PND             Subsidiary Performance Report W2 August 2024 - ETSA & SCU-PND
39    Kinerja ENHO W3 Agustus 2024                                    ENHO Performance W3 August 2024
40    1. Kinerja AP W4 Agustus 2024 - EPN & EFK                       1. Subsidiary Performance W4 August 2024 - EPN & EFK
      2. HC Matters                                                   2. HC Matters
41    1. HC Matters                                                   1. HC Matters
      2. Kickoff RKAP 2025                                            2. Kickoff for RKAP 2025
      3. Update Progres Pengadaan Proyek TLPG Kolaka                  3. Update on Progress of TLPG Kolaka Project Procurement
42    1. Kinerja AP (SCU-PND) Ytd W4 Agustus 2024                     1. Subsidiary Performance (SCU-PND) YTD W4 August 2024
      2. Permohonan Persetujuan SHL SCU                               2. Request for Approval of SHL SCU
      3. Pemaparan Roadmap ESG Elnusa                                 3. Presentation of Elnusa ESG Roadmap
43    Pembahasan Laporan Hasil Audit Internal:                        Discussion on Internal Audit Results:
      1. Audit HSSE                                                   1. HSSE Audit
      2. Audit Cashcard & PK                                          2. Cashcard & PK Audit
      3. Audit Investigasi Proyek Beringin                            3. Investigation Audit of Beringin Project
      4. Audit Investigasi Tangki T901                                4. Investigation Audit of Tank T901
44    Update Kinerja AP-ETSA & ENHO W3 September 2024                 Update on Subsidiary Performance - ETSA & ENHO W3 September
                                                                      2024
45    Permohonan Keputusan Penyelesaian Keterlambatan Material Non    Request for Decision on Resolution of Non-AML Material Delays
      AML KPS, Ryuichi – Project OM TAR Jambi Merang                  KPS, Ryuichi – OM TAR Jambi Merang Project
46    Update Progres Pengadaan Proyek TBBM Kolaka oleh Tim SCM        Update on Progress of TBBM Kolaka Project Procurement by the
                                                                      SCM Team
47    Tanggapan Somasi Onasis dan Tagihan kepada Onasis               Response to Onasis’ Legal Notice and Invoice to Onasis
48    Sirkuler Pelaksanaan Pekerjaan Proyek Pembangunan TLPG Kolaka   Circular on the Implementation of TLPG Kolaka Project
                                                                      Construction
49    Kinerja AP W1 Oktober 2024 - EPN & EFK                          Subsidiary Performance W1 October 2024 - EPN & EFK
50    Rapat Tinjauan Manajemen – Sistem Manajemen Quality, HSSE &     Management Review Meeting – Quality, HSSE & Asset
      Asset Tahun 2024                                                Management System for 2024
51    Usulan Pembentukan Organisasi Perlindungan Data Pribadi (PDP)   Proposal for the Establishment of a Personal Data Protection
      oleh Tim HC                                                     Organization (PDP) by the HC Team
52    Update Pembahasan RKAP Stretch 2025 oleh Tim SPCM               Update on RKAP Stretch 2025 Discussion by the SPCM Team
53    Kinerja AP - ETSA & SCU/PND W3 Oktober 2024                     Subsidiary Performance - ETSA & SCU/PND W3 October 2024
54    1. Permohonan Persetujuan Investasi MT Pola All In EPN          1. Request for Investment Approval for MT All In Pattern EPN
      2. Permohonan Persetujuan Investasi MT Pola Sewa EPN            2. Request for Investment Approval for MT Rental Pattern EPN
      3. Permohonan Persetujuan Ulang Investasi TLPG Kolaka EPN       3. Request for Re-Approval of TLPG Kolaka Investment EPN
      4. Update Progres Investasi Cementing Bunyu Upstream            4. Update on Cementing Investment Progress in Bunyu Upstream
55    1. Update Progres Gangguan IT oleh Tim PMGS                     1. Update on IT Disruption Progress by the PMGS Team
      2. Rencana Renovasi Ruang Kerja BOD lt. 16 oleh Tim PMGS        2. Plan for Renovation of BOD Office on the 16th Floor by the
                                                                         PMGS Team
56    Update Progres Kolaka                                           Update on Kolaka Progress
57    Kinerja ENHO W2 November 2024                                   ENHO Performance W2 November 2024
58    Update Progres Kolaka                                           Update on Kolaka Progress
59    Kinerja AP - EPN & EFK W3 November 2024                         Subsidiary Performance - EPN & EFK W3 November 2024
60    1. Investment 2 DST UNIT (OSES & PEPC)                          1. Investment in 2 DST UNITS (OSES & PEPC)
      2. Investment Peralatan Electric Wireline Logging               2. Investment in Electric Wireline Logging Equipment
61    Kinerja AP - SCUPND W4 November 2024                            Subsidiary Performance - SCU-PND W4 November 2024
62    Kinerja ENHO W1 Desember 2024                                   ENHO Performance W1 December 2024
63    1. Kinerja AP - EPN W3 Desember 2024                            1. Subsidiary Performance - EPN W3 December 2024
      2. Update Project Kolaka                                        2. Update on Kolaka Project




                                                                                          2024 Annual Report PT ELNUSA Tbk            325
Page 328
             TATA KELOLA PERUSAHAAN
             Corporate Governance




  No.                              Agenda Rapat                                                        Meeting Agenda
  64     Permohonan Persetujuan Pengadaan instalasi cabling dan sewa          Request for Approval for the Procurement of Cabling Installation
         pakai perangkat peningkatan utilitas CCTV perimeter dan jaringan     and Rental of Equipment to Enhance CCTV Perimeter Utilities and
         RU IV Cilacap kerja sama dengan PT Intikom Berlian Mustika           RU IV Cilacap Network in collaboration with PT Intikom Berlian
                                                                              Mustika
  65     Rapat Direksi Khusus Investasi Pre-Approval AHTS: ETSA               Special Board of Directors Meeting for Pre-Approval Investment
                                                                              AHTS: ETSA
  66     Rapat Direksi Khusus - Investasi CNC Coupling EFK                    Special Board of Directors Meeting - Investment in CNC Coupling
                                                                              EFK



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

Kebijakan Rapat                                                             Meeting Policy
Sesuai Anggaran Dasar Perseroan, Rapat Dewan Komisaris                      In accordance with the Company’s Articles of Association, Joint
bersama Direksi diselenggarakan secara berkala paling kurang 1              Meetings of the Board of Commissioners and the Board of Directors
(satu) kali dalam 4 (empat) bulan, dengan agenda pembahasan di              are held periodically at least 1 (one) time in 4 (four) months, with
antaranya membahas progres kinerja Perusahaan, isu-isu strategis            agenda for discussion including on the Company’s performance
Perseroan atau corporate action yang perlu diketahui/disetujui              progress, Company strategic issues or corporate actions that need
oleh Dewan Komisaris.                                                       to be acknowledged/approved by the Board of Commissioners.

Rapat Dewan Komisaris bersama Direksi untuk tahun 2024 telah                Joint Meetings of the Board of Commissioners and the Board of
diagendakan sebelum tahun berjalan yang dituangkan di dalam                 Directors for the year 2024 were scheduled before the current
program kerja Dewan Komisaris tahun 2024, yakni Rapat Dewan                 year as stated in the Board of Commissioners’ work program of
Komisaris yang mengundang Direksi akan dilaksanakan 1 (satu)                2024, whereby meeting with the Board of Directors was to be
kali dalam sebulan.                                                         conducted once a month.

Realisasi Rapat                                                             Meeting Realization
Pada tahun 2024, Rapat Dewan Komisaris yang mengundang                      In 2024, the Board of Commissioners held 20 (twenty) meetings
Direksi telah dilakukan sebanyak 20 (dua puluh) kali.                       with the Board of Directors.

FREKUENSI DAN KEHADIRAN RAPAT DEWAN KOMISARIS DAN DIREKSI DALAM RAPAT GABUNGAN
Frequency and Attendance of the Board of Commissioners Joint Meetings with the Board of Directors

                                                                                    Jumlah Rapat
                                                                                  Selama Menjabat
             Nama                            Jabatan saat Rapat                                           Kehadiran             Persentase
                                                                                      Number of
             Name                            Position at Meeting                                          Attendance            Percentage
                                                                                   Meetings during
                                                                                        Office

 Eko Ariantoro****              Komisaris Utama merangkap Independen                             15                     15                100%
                                President concurrently Independent
                                Commissioner
 Nur Endro Buwono**             Komisaris Utama                                                  19                     19                100%
                                President Commissioner
 Denie S. Tampubolon**          Komisaris Independen                                             19                     19                100%
                                Independent Commissioner
 Ariana Soemanto****            Komisaris                                                        15                     12                   80%
                                Commissioner
 Agus Prabowo*                  Komisaris Utama                                                    1                    1                 100%
                                President Commissioner
 Lusiaga Levi Susila***         Komisaris Independen                                               5                    5                 100%
                                Independent Commissioner




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                                                                                                                           Corporate Governance




                                                                                            Jumlah Rapat
                                                                                          Selama Menjabat
              Nama                                       Jabatan saat Rapat                                      Kehadiran         Persentase
                                                                                              Number of
              Name                                       Position at Meeting                                     Attendance        Percentage
                                                                                           Meetings during
                                                                                                Office

Hernawan Bekti Sasongko*                Komisaris Independen                                             1                    1            100%
                                        Independent Commissioner
Wakhid Hasyim***                        Komisaris                                                        5                    5            100%
                                        Commissioner
John Hisar Simamora*                    Direktur Utama                                                   1                    1            100%
                                        President Director
Bachtiar Soeria Atmadja                 Direktur Utama                                                  18                    16                89%
                                        President Director
Charles Harianto                        Direktur                                                         1                    1            100%
Lumbantobing*                           Director
Ratih Esti Prihatini*                   Direktur                                                             -                 -                  -
                                        Director
Hera Handayani                          Direktur                                                        16                    15                94%
                                        Director
Endro Hartanto**                        Direktur                                                        17                    16                94%
                                        Director
Stanley Iriawan**                       Direktur                                                        17                    16                94%
                                        Director
Arief Prasetyo Handoyo**                Direktur                                                        15                    13                87%
                                        Director
Keterangan:                             Description:
*                                       *
      Menjabat hingga 17 Januari 2024         Served until January 17, 2024
**                                      **
      Menjabat mulai 17 Januari 2024          Served since January 17, 2024
***                                     ***
      Menjabat hingga 15 Mei 2024             Served until May 15, 2024
****                                    ****
      Menjabat mulai 15 Mei 2024              Served since May 15, 2024




AGENDA RAPAT GABUNGAN DEWAN KOMISARIS BERSAMA DIREKSI
Agenda of the Board of Commissioners and the Board of Directors Joint Meetings

                                                                                Agenda Rapat
 No.
                                                                               Meeting Agenda

  1      Kinerja YTD Bulan Desember 2023
         YTD Performance for December 2023
  2      Kinerja YTD Bulan Januari 2024
         YTD Performance for January 2024
  3      Laporan Hasil Investigasi HSSE
         HSSE Investigation Report
  4      Kinerja YTD Bulan Februari 2024
         YTD Performance for February 2024
  5      Kinerja YTD Bulan Maret 2024
         YTD Performance for March 2024
  6      Kinerja YTD Bulan April 2024
         YTD Performance for April 2024
  7      Kinerja YTD Bulan Mei 2024
         YTD Performance for May 2024
  8      Rapat Agenda Khusus : Sistem Teknologi Informasi
         Special Agenda Meeting: Information Technology System
  9      Laporan Pemeriksaan Audit Eksternal
         External Audit Examination Report
 10      Updating (Reaktivasi) PT Elnusa Geosains Indonesia (“EGI”) dan PT Elnusa Oilfield Services (“EOS”)
         Updating (Reactivation) of PT Elnusa Geosains Indonesia (“EGI”) and PT Elnusa Oilfield Services (“EOS”)




                                                                                                        2024 Annual Report PT ELNUSA Tbk    327
Page 330
           TATA KELOLA PERUSAHAAN
           Corporate Governance




                                                                  Agenda Rapat
 No.
                                                                 Meeting Agenda

  11   Kinerja YTD Bulan Juni 2024
       YTD Performance for June 2024
  12   PT Elnusa Petrofin-Updating Progress Penyelesaian Proyek Pembangunan Sarana Fasilitas dan Instalasi VHS
       PT Antam Tbk Site Halmahera Timur
       PT Elnusa Petrofin-Update on Progress of the Development Project for Facilities and VHS Installation at
       PT Antam Tbk Site Halmahera Timur
  13   Kinerja YTD Bulan Juli 2024
       YTD Performance for July 2024
  14   Laporan Hasil Audit Internal
       Internal Audit Results Report
  15   Kinerja YTD Bulan Agustus 2024
       YTD Performance for August 2024
  16   Tindak Lanjut GAP Availability Asset
       Follow-Up on Asset Availability GAP
  17   Kinerja YTD Bulan September 2024
       YTD Performance for September 2024
  18   Kinerja YTD Bulan Oktober 2024
       YTD Performance for October 2024
  19   Pemaparan Laporan Risk Management
       Presentation of Risk Management Report
  20   Kinerja YTD Bulan November 2024
       YTD Performance for November 2024


Rencana Pelaksanaan Rapat Dewan Komisaris                               Implementation Plan of the Board of
dan Direksi Tahun 2025                                                  Commissioners and the Board of Directors Joint
                                                                        Meetings in 2025
Pelaksanaan Rapat Dewan Komisaris dan Rapat Direksi diatur              Meetings of the Board of Commissioners and Board of Directors
dalam Anggaran Dasar Perseroan, yakni bahwa Rapat Dewan                 are regulated in the Company’s Articles of Association: the Board
Komisaris dilaksanakan minimal sekali setiap 2 (dua) bulan, Rapat       of Commissioners meeting shall be held at least once every 2 (two)
Dewan Komisaris mengundang Direksi dilaksanakan minimal sekali          months, the Board of Commissioners Meeting inviting the Board
setiap 4 (empat) bulan, serta Rapat Direksi dilaksanakan minimal        of Directors at least once every 4 (four) months, and the Board of
sekali setiap 1 (satu) bulan.                                           Directors Meeting once every 1 (one) month.

Selaras dengan Program Kerja Dewan Komisaris, Rapat Internal            In line with the Work Program of the Board of Commissioners,
Dewan Komisaris dan Rapat Dewan Komisaris yang mengundang               Internal Board of Commissioners meetings and Board of
Direksi akan dilaksanakan sekali dalam 1 (satu) bulan, agar lebih       Commissioners meetings that invite the Board of Directors shall
meningkatkan koordinasi dan pengambilan keputusan yang                  be held once every 1 (one) month to enhance coordination and
lebih efektif. Penyelenggaraan rapat Dewan Komisaris tersebut           facilitate more effective decision-making. Implementation of such
direncanakan dilakukan setiap minggu ke-3 atau ke-4 pada bulan          meeting of the Board of Commissioners is planned for every 3rd or
berjalan dengan agenda rapat di antaranya membahas tentang              4th week of the current month with the meeting agenda to include
laporan bulanan kinerja, evaluasi terhadap pelaksanaan keputusan        discussions on monthly performance report, evaluation on the
Rapat Dewan Komisaris sebelumnya serta tindak lanjut atas arahan        implementation of the previous Board of Commissioners Meeting
dan/atau keputusan Dewan Komisaris dan/atau tindak lanjut yang          decisions as well as on follow-ups of directives and/or decisions
dilaksanakan oleh Direksi serta hal-hal lain yang dianggap perlu        of the Board of Commissioners and/or follow-ups carried out by
sesuai tugas dan fungsi pengawasan Dewan Komisaris.                     the Board of Directors and other matters considered necessary
                                                                        in line with the supervisory duties and function of the Board of
                                                                        Commissioners.

Untuk Rapat Direksi di tahun 2025 direncanakan untuk                    The Board of Directors Meetings in 2025 are planned to be
dilaksanakan 1 (satu) kali dalam 1 (satu) minggu, dengan waktu          conducted 1 (one) time in a week with implementation timeline
pelaksanaan pada setiap hari Rabu di minggu berjalan. Agenda            on every Wednesday of the current week. Meeting agenda,
rapat di antaranya membahas tentang laporan bulanan masing-             among others, to include discussions on weekly report of each of
masing Direktorat, penetapan kebijakan strategis Perusahaan,            the Directorate and Weekly Report of Subsidiaries, establishing
kinerja operasional, strategi perusahaan serta hal-hal lain yang        Company strategic policies, operational performance, company
dianggap perlu sesuai tugas dan fungsi Direksi.                         strategies as well as other matters regarded as necessary in line
                                                                        with the duties and function of the Board of Directors.



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                                                                               Tahun Buku 2025
                   Rapat
 No.
                  Meeting
                                        Jan     Feb     Mar      Apr     Mei      Jun     Jul     Agu      Sep     Okt      Nov     Des
  1    Rapat Internal Dewan             M3      M3       M3      M3      M3       M3      M3       M3      M3       M3      M3       M3
       Komisaris
       Internal Meeting of the Board
       of Commissioners
  2    Rapat Dewan Komisaris            M3      M3       M3      M3      M3       M3      M3       M3      M3       M3      M3       M3
       bersama Direksi
       Joint Meeting of the Board of
       Commissioners and the Board
       of Directors
  3    Rapat Direksi                    M1      M1       M1      M1      M1       M1      M1       M1      M1       M1      M1       M1
       Meeting of the Board of          M2      M2       M2      M2      M2       M2      M2       M2      M2       M2      M2       M2
       Directors                        M3      M3       M3      M3      M3       M3      M3       M3      M3       M3      M3       M3
                                        M4      M4       M4      M4      M4       M4      M4       M4      M4       M4      M4       M4




Keberagaman Komposisi Dewan
Komisaris dan Direksi
      Diversity in Members Composition of the Board of
      Commissioners and the Board of Directors

Mekanisme pemilihan dan pengangkatan anggota Dewan Komisaris           The mechanism in selecting and appointing members of the
Perseroan dilakukan melalui Rapat Umum Pemegang Saham                  Board of Commissioners of the Company is conducted through
(RUPS). Secara umum calon anggota ditetapkan dengan memenuhi           the General Meeting of Shareholders (GMS). In general, candidate
prinsip fairness setelah memenuhi aspek terkait keberagaman,           members are determined by complying to the principle of
non-diskriminasi, dan hak asasi manusia. Pengangkatan atau             fairness after fulfilling all the aspects related to diversity, non-
pemilihan Dewan Komisaris mempertimbangkan kompetensi                  discrimination, and human rights. The appointment or selection
dan keahlian serta latar belakang yang dibutuhkan Perusahaan,          of members of the Board of Commissioners takes into account the
juga penilaian atas integritas. Meski belum ada kebijakan tertulis     competency and expertise as well as background required by the
mengenai hal ini, Pemegang Saham Pengendali Perseroan                  Company, in addition to evaluation on integrity. Although there
memperhatikan penerapan prinsip GCG dan UU No. 39 tahun                are yet written policies on this matter, the Controlling Shareholder
1999 tentang Hak Asasi Manusia di dalam mekanisme tersebut.            takes notice of the implementation of GCG principles and Law No.
                                                                       39 of year 1999 regarding Human Rights within this mechanism.

Perusahaan berupaya untuk menjaga bauran keahlian dan                  The Company strives to maintain a mix of expertise and experience
pengalaman anggota Dewan Komisaris dan Direksi yang mencakup           of members of the Board of Commissioners and the Board of
di antaranya bidang supply chain management, keuangan, tata            Directors that include, among others, the fields of supply chain
kelola, sumber daya manusia, perminyakan, komunikasi maupun            management, finance, governance, human resources, petroleum,
energi. Identifikasi keahlian Dewan Komisaris dan Direksi dilakukan    communication as well as energy. Identification of expertise of the
berdasarkan latar belakang pendidikan, pengalaman kerja serta          Board of Commissioners and the Board of Directors is performed
pelatihan yang pernah diikuti. ELNUSA juga berkomitmen untuk           based on educational background, work experience as well as
meningkatkan kompetensi Dewan Komisaris dan Direksi, baik              joined training programs. Elnusa is also committed to enhancing
melalui training, workshop serta kegiatan lainnya yang relevan         the competency of the Board of Commissioners and the Board of
bagi peningkatan kompetensi Dewan Komisaris dan Direksi.               Directors, both through training, workshop, and other activities
                                                                       relevant to improving competency of the Board of Commissioners
                                                                       and the Board of Directors.




                                                                                             2024 Annual Report PT ELNUSA Tbk       329
Page 332
               TATA KELOLA PERUSAHAAN
               Corporate Governance




Keberagaman Komposisi Dewan Komisaris dan Direksi diuraikan                        The diversity of the composition of the Board of Commissioners
sebagai berikut:                                                                   and the Board of Directors is described as follows:


           Nama                              Jabatan                                     Latar Belakang Keahlian dan Kecakapan   Tingkat Pendidikan
                                                                   Gender
           Name                              Position                                     Expertise and Competency Background     Educational Level

 Eko Ariantoro****                Komisaris Utama merangkap   Laki-laki              Manajemen, Keuangan, Regulasi               Magister
                                  Independen                  Male                   Management, Finance, Regulation             Master
                                  President Commissioners
                                  concurrently Independent
                                  Commissioners
 Nur Endro Buwono**               Komisaris                   Laki-laki              Oil & Gas                                   Sarjana
                                  Commissioners               Male                                                               Bachelor
 Denie S. Tampubolon**            Komisaris Independen        Laki-laki              Oil & Gas                                   Sarjana
                                  Commissioners               Male                                                               Bachelor
 Ariana Soemanto****              Komisaris                   Laki-laki              Oil & Gas                                   Magister
                                  Commissioners               Male                                                               Master
 Agus Prabowo*                    Komisaris Utama             Laki-laki              Supply Chain Management, Lingkungan Hidup   Doktor
                                  Commissioners               Male                   Supply Chain Management, Environment        Doctoral
 Lusiaga Levi Susila***           Komisaris Independen        Laki-laki              Oil & Gas                                   Sarjana
                                  Commissioners               Male                                                               Bachelor
 Hernawan Bekti                   Komisaris Independen        Laki-laki              Manajemen, Keuangan, Regulasi               Magister
 Sasongko*                        Commissioners               Male                   Management, Finance, Regulation             Master
 Wakhid Hasyim***                 Komisaris                   Laki-laki              Teknik Kimia, Lingkungan, Sumber Daya       Magister
                                  Commissioners               Male                   Manusia                                     Master
                                                                                     Chemical Engineering, Environment, Human
                                                                                     Resource
 John Hisar Simamora*             Direktur Utama              Laki-laki              Manajemen, Oil and Gas                      Magister
                                  President Director          Male                   Management, Oil, and Gas                    Master
 Bachtiar Soeria Atmadja          Direktur Utama              Laki-laki              Keuangan, Oil and Gas                       Magister
                                  President Director          Male                   Financial, Oil, and Gas                     Master
 Charles Harianto                 Direktur                    Laki-laki              Oil and Gas                                 Magister
 Lumbantobing*                    Director                    Male                                                               Master
 Ratih Esti Prihatini*            Direktur                    Perempuan              Pemasaran, Commercial                       Magister
                                  Director                    Female                 Marketing, Commercial                       Master
 Hera Handayani                   Direktur                    Perempuan              Sumber Daya Manusia                         Magister
                                  Director                    Female                 Human Capital                               Master
 Endro Hartanto**                 Direktur                    Laki-laki              Geofisika, Manajemen                        Magister
                                  Director                    Male                   Geophysical, Management                     Master
 Stanley Iriawan**                Direktur                    Laki-laki              Keuangan                                    Sarjana
                                  Director                    Male                   Financial                                   Bachelor
 Arief Prasetyo                   Direktur                    Laki-laki              Geologi, Manajemen                          Magister
 Handoyo**                        Director                    Male                   Geological, Management                      Master
Keterangan:                                                   Description:
*
      Menjabat hingga 17 Januari 2024                         *
                                                                    Served until January 17, 2024
**
      Menjabat mulai 17 Januari 2024                          **
                                                                    Served since January 17, 2024
***
      Menjabat hingga 15 Mei 2024                             ***
                                                                    Served until May 15, 2024
****
      Menjabat mulai 15 Mei 2024                              ****
                                                                    Served since May 15, 2024




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Penilaian Kinerja terhadap Dewan
Komisaris dan Direksi
   Performance Assessment of the Board of Commissioners and
   the Board of Directors

Perseroan melaksanakan penilaian atas kinerja Dewan Komisaris     The Company makes assessments of the performance of the Board
dan Direksi dengan merujuk pada ketentuan Pemegang Saham          of Commissioners and the Board of Directors with reference to the
Pengendali, yang telah mengacu pada ketentuan perundang-          provisions of the Controlling Shareholders and in compliance with
undangan, antara lain:                                            regulatory provisions, including:
1. Peraturan Menteri Negara Badan Usaha Milik Negara No. PER-     1. Minister of State-Owned Enterprises Regulation No. PER-11/
    11/MBU/11/2020 tentang Kontrak Manajemen dan Kontrak              MBU/11/2020 regarding Management Contract and Annual
    Manajemen Tahunan Direksi Badan Usaha Milik Negara.               Management Contract of the Board of Directors of State-
                                                                      Owned Enterprises.
2. Keputusan Sekretaris Kementerian Badan Usaha Milik             2. Secretary to the Ministry of State-Owned Enterprises Decision
   Negara No. SK-16/S.MBU/2012 tentang Indikator/Parameter            No. SK-16/S.MBU/2012 regarding Indicator/Parameter of
   Penilaian dan Evaluasi Atas Penerapan Tata Kelola Perusahaan       Assessment and Evaluation on the Implementation of Good
   yang Baik (Good Corporate Governance) Pada Badan Usaha             Corporate Governance in State-Owned Enterprises.
   Milik Negara.
3. Pedoman Umum Governansi Korporat Indonesia tahun 2021          3. General Guidelines of Corporate Governance of year 2021 by
   oleh Komite Nasional Kebijakan Governansi.                        the National Committee for Governance Policy.

PENILAIAN KINERJA DEWAN KOMISARIS                                 PERFORMANCE ASSESSMENT OF THE BOARD
                                                                  OF COMMISSIONERS
Secara umum, Dewan Komisaris bertugas melakukan pengawasan        In general, the Board of Commissioners is tasked to carry out
terhadap kebijakan pengurusan dan jalannya pengurusan baik        supervision of the management policies and management
mengenai Perseroan maupun usaha Perseroan yang dilakukan          implementation both on the Company and the Company’s
oleh Direksi. Selain itu, Dewan Komisaris juga bertugas           business performed by the Board of Directors. In addition, the
memberikan nasihat kepada Direksi, termasuk pengawasan            Board of Commissioners is also tasked to provide advices to the
terhadap pelaksanaan Rencana Jangka Panjang Perseroan,            Board of Directors, including supervising the implementation of
Rencana Kerja dan Anggaran Tahunan Perseroan, ketentuan           the Company’s Long-Term Plan, the Company’s Annual Work Plan
Anggaran Dasar dan Keputusan RUPS, serta peraturan perundang-     and Budget, provisions of the Articles of Association and GMS
undangan, untuk kepentingan Perseroan sesuai dengan maksud        Resolutions, as well as laws and regulations, for the interests of
dan tujuan Perseroan. Tugas-tugas tersebut telah diformulasikan   the Company in accordance with the purpose and objectives of
dalam bentuk Key Performance Indicator (KPI) pengawasan Dewan     the Company. Such tasks are formulated in the form of the Board
Komisaris dan juga AKHLAK Behavior.                               of Commissioners’ Supervisory Key Performance Indicator (KPI)
                                                                  and also AKHLAK Behavior.

Agregasi hasil evaluasi pada tahun 2024 menunjukkan bahwa         The aggregate assessment results in the year 2024 show that the
Dewan Komisaris telah melaksanakan tugas pengawasan               Board of Commissioners has carried out its supervisory duties
dengan baik.                                                      appropriately well.

Prosedur Penilaian                                                Assessment Procedures
Proses pelaksanaan evaluasi kinerja Dewan Komisaris diuraikan     The implementation process of performance assessment of the
sebagai berikut:                                                  Board of Commissioners is described as follows:
1. Self-assessment untuk menilai pencapaian target kinerja atau   1. Self-assessment to assess the achievement of performance
    realisasi KPI anggota Dewan Komisaris.                           targets or KPI realization of members of the Board of
                                                                     Commissioners.
2. Survei 360° dilakukan oleh subordinate, peer dan pimpinan      2. Survey 360° performed by subordinates, peers and supervisors
   atau pejabat lainnya untuk menilai kesesuaian perilaku kerja      or other officials to assess work behavioral suitability to
   terhadap indikator-indikator dalam AKHLAK Behavior.               indicators in AKHLAK Behavior.




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3. Reviu atau evaluasi terhadap realisasi KPI anggota Dewan        3. Review or evaluation on KPI realization of members of the
   Komisaris dan score AKHLAK Behavior hasil self-assessment          Board of Commissioners and AKHLAK Behavior score of self-
   dan survei 360°.                                                   assessment and survey 360° results.
4. Penentuan dan penetapan predikat kinerja berdasarkan            4. Determining and establish performance assessment result
   konversi nilai kinerja dari dua komponen di atas (KPI dan          based on performance value conversion from the above two
   AKHLAK Behavior).                                                  components (KPI and AKHLAK Behavior).

Kriteria Penilaian                                                 Assessment Criteria
Kriteria penilaian kinerja berdasarkan KPI Program Kerja Dewan     Criteria in performance assessment based on Work Program KPI
Komisaris terdiri dari tiga aspek yakni:                           of the Board of Commissioners consisting of three aspects namely
                                                                   as follows:
1.   Aspek Perencanaan                                             1. Planning Aspect
2.   Aspek Pengawasan dan Nasihat                                  2. Supervision and Advice Aspects
3.   Aspek Pelaporan                                               3. Reporting Aspect
4.   Aspek Dinamis                                                 4. Dynamic Aspect

Pihak yang Melakukan Penilaian                                     Assessor
Penilaian Dewan Komisaris dilakukan melalui self-assessment dan    Assessment of the Board of Commissioners is carried out
penilaian 360° untuk AKHLAK Behavior Survey.                       through the self-assessment and 360° assessment for AKHLAK
                                                                   Behavior Survey.

PENILAIAN KINERJA DIREKSI                                          PERFORMANCE ASSESSMENT OF THE BOARD
                                                                   OF DIRECTORS
Setiap awal tahun buku, Direksi menyusun kontrak manajemen         At the beginning of every financial year, the Board of Directors
yang berisi KPI Korporasi untuk mengukur hasil kinerja dari        prepare the management contract that contain Corporate KPI to
sasaran-sasaran yang ditetapkan dalam RKAP yang dievaluasi oleh    measure performance results from predetermined targets set-
Dewan Komisaris dan disampaikan kepada Pemegang Saham.             forth in the RKAP as evaluated by the Bboard of Commissioners
                                                                   and submitted to the Shareholders.

Prosedur Penilaian                                                 Assessment Procedures
Proses pelaksanaan evaluasi kinerja Direksi diuraikan              The implementation process of performance assessment of the
sebagai berikut:                                                   Board of Directors is described below:
1. Pelaksanaan self-assessment dan Performance Dialog atas         1. Implementation of self-assessment and Performance Dialog
    pencapaian KPI untuk memperoleh angka Realisasi KPI Direkur.      on KPI achievements to obtain the KPI Realization scores for
                                                                      the Directors.
2. Pelaksanaan Penilaian ABS untuk memperoleh Rata-Rata            2. Implementation of ABS Assessment to obtain the Average
   Score ABS Direktur. Pekerja atau Pejabat yang dapat dipilih        ABS Score for the Directors. Employees or Officials who
   sebagai Penilai 360° adalah yang memiliki hubungan kerja           can be selected as 360° Assessors are those who have a
   selama periode penilaian, baik yang merupakan Subordinate,         working relationship during the assessment period, including
   Peer, Pimpinan, Anggota Tim, maupun yang mewakili Fungsi/          Subordinates, Peers, Superiors, Team Members, or those
   Unit/Direktorat/Entitas sebelum maupun sesudah dari proses,        representing Functions/Units/Directorates/Entities before or
   atau kinerja yang dilakukan Direksi.                               after the process, or the performance delivered by the Board
                                                                      of Directors.
3. Pelaksanaan evaluasi dan pengusulan rating kinerja Direktur     3. Implementation of evaluation and proposal of performance
   berdasarkan konversi nilai dari Performa KPI dan Tingkatan         ratings for the Directors based on the conversion of KPI
   AKHLAK Behavior Direktur serta mengacu target distribusi           performance scores and the AKHLAK Behavior Levels of the
   rating kinerja yang ditetapkan di tahun penilaian sesuai           Directors, as well as referring to the performance rating
   kelompok penilaian.                                                distribution targets set in the assessment year according to
                                                                      the assessment group.
4. Penetapan rating kinerja Direktur berdasarkan usulan rating     4. Establishment of performance ratings for the Directors based
   kinerja serta mengacu kepada target distribusi rating kinerja      on the proposed performance ratings and referring to the
   yang ditetapkan di tahun penilaian sesuai kelompok penilaian.      performance rating distribution targets set in the assessment
                                                                      year according to the assessment group.




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Kriteria Penilaian                                                  Performance Criteria
Mengacu kepada Pedoman Tata Kelola Perusahaan, Board Manual,        Referring to the Corporate Governance Guidelines, Board Manual,
serta Pedoman Penilaian Kinerja Direksi, Dewan Komisaris, dan       and Guidelines for Performance Assessment of the Board of
Komite Penunjang Dewan Komisaris di Subholding dan Anak             Directors, Board of Commissioners, and Supporting Committee
Perusahaan Pertamina.                                               of the Board of Commissioners in Pertamina Subholding and
                                                                    Subsidiaries.

Pihak yang Melakukan Penilaian                                      Assessor
Penilaian Direksi dilakukan melalui self-assessment dan penilaian   The assessment of the Board of Directors is conducted through
360° untuk AKHLAK Behavior Survey. Pekerja atau Pejabat yang        self-assessment and a 360° assessment for the AKHLAK Behavior
dapat dipilih sebagai Penilai 360° adalah yang memiliki hubungan    Survey. Employees or Officials eligible for 360° Assessors are
kerja selama periode penilaian, baik yang merupakan Subordinate,    those with working relationship during the assessment period,
Peer, Pimpinan, Anggota Tim, maupun yang mewakili Fungsi/Unit/      including Subordinates, Peers, Superiors, Team Members, or those
Direktorat/Entitas.                                                 representing Functions/Units/Directorates/Entities.

PENILAIAN PENERAPAN GCG UNTUK ASPEK                                 ASSESSMENT ON GCG IMPLEMENTATION FOR
DEWAN KOMISARIS DAN DIREKSI                                         THE BOARD OF COMMISSIONERS AND THE
                                                                    BOARD OF DIRECTORS ASPECTS
Hasil Assessment Dewan Komisaris dan Direksi sesuai Surat           The results of the assessment of the Board of Commissioners
Edaran Otoritas Jasa Keuangan No. 32/SEOJK.04/2015 tanggal 17       and the Board of Directors in accordance with the Financial
November 2015 tentang Pedoman Tata Kelola Perusahaan Terbuka        Services Authority Circular Letter No. 32/SEOJK.04/2015 dated
dan berdasarkan ASEAN CG Scorecard dapat dilihat dalam Section      November 17, 2015, regarding the Guidelines for Good Corporate
Tata Kelola Perusahaan bagian Penilaian dan Evaluasi Penerapan      Governance for Public Companies, and based on the ASEAN CG
Tata Kelola Perusahaan yang Baik dan Kesesuaian Penerapan           Scorecard, can be found in the Corporate Governance Section
Tata Kelola Perusahaan Terhadap ASEAN Corporate Governance          under the Assessment and Evaluation of the Implementation of
Scorecard (ACGS).                                                   Good Corporate Governance and the Compliance of Corporate
                                                                    Governance Implementation with the ASEAN Corporate
                                                                    Governance Scorecard (ACGS).




Nominasi dan Remunerasi Dewan
Komisaris dan Direksi
    Nomination and Remuneration of the Board of
    Commissioners and the Board of Directors

PROSEDUR NOMINASI DEWAN KOMISARIS                                   NOMINATION PROCEDURES OF THE BOARD
DAN DIREKSI                                                         OF COMMISSIONERS AND THE BOARD OF
                                                                    DIRECTORS
Prosedur nominasi anggota Dewan Komisaris dilaksanakan              The nomination procedure for members of the Board of
berdasarkan rekomendasi yang diberikan oleh Komite NR dan           Commissioners is carried out based on recommendations provided
GCG kepada Dewan Komisaris, berdasarkan kriteria nominasi dan       by the Nomination and Remuneration Committee (NR) and the
kandidat sesuai dengan kualifikasi yang diperlukan dan peraturan    Good Corporate Governance Committee (GCG) to the Board of
pasar modal serta peraturan lainnya sebagai referensi.              Commissioners, based on nomination criteria and candidates
                                                                    in accordance with qualification criteria and capital market
                                                                    regulations as well as other regulations as references.

Sama halnya dengan proses nominasi anggota Direksi,                 Similarly, for the nomination process of the Board of Directors,
pengangkatan dan pemberhentian anggota Direksi dilakukan oleh       Board members are appointed and dismissed by the General
RUPS. Proses nominasi dilakukan oleh Komite NR dan GCG yang         Meeting of Shareholders (GMS). The nomination process is carried




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kemudian disampaikan kepada Dewan Komisaris. Komite NR dan         out by the NR and GCG Committee, which is then submitted to the
GCG mengkaji struktur dan komposisi Direksi, menetapkan kriteria   Board of Commissioners. The NR and GCG Committee reviews the
pencalonan dan mencari kandidat dengan kualifikasi yang sesuai     structure and composition of the Board of Directors, establishes
dengan kebutuhan Perusahaan dan peraturan pasar modal serta        nomination criteria, and seeks candidates with qualifications that
peraturan lainnya sebagai referensi.                               meet the Company’s needs and capital market regulations as well
                                                                   as other referred regulations.

REMUNERASI DEWAN KOMISARIS DAN                                     REMUNERATION OF THE BOARD OF
DIREKSI                                                            COMMISSIONERS AND THE BOARD OF
                                                                   DIRECTORS
Remunerasi bagi Dewan Komisaris dan Direksi ditetapkan             Remuneration for the Board of Commissioners and the Board of
dengan Keputusan Pemegang Saham saat RUPS dengan                   Directors is determined by the Resolutions of the Shareholders at
mempertimbangkan kondisi dan kinerja Perseroan. Penetapan          the GMS by taking into account the conditions and performance
remunerasi Dewan Komisaris dan Direksi Perseroan mengacu pada      of the Company. Determining the remuneration for the Board of
ketentuan:                                                         Commissioners and the Board of Directors of the Company refers
                                                                   to the following provisions:
1. Peraturan Menteri Negara Badan Usaha Milik Negara No. PER-      1. Minister of the State-Owned Enterprises (BUMN) Regulation
   3/MBU/03/2023 tentang Organ dan Sumber Daya Manusia                 No. PER-3/MBU/03/2023 regarding Organs and Human
   Badan Usaha Milik Negara.                                           Capital of State-Owned Enterprises.
2. Peraturan Menteri BUMN No. PER-13/MBU/09/2021 tentang           2. Minister of BUMN Regulation No. PER-13/MBU/09/2021
   Perubahan Keenam Atas Peraturan Menteri BUMN No. PER-               regarding the Sixth Amendment of the Minister of BUMN
   04/MBU/2014 tentang Pedoman Penetapan Penghasilan                   Regulation No. PER-04/MBU/2014 regarding Guidelines to
   Direksi, Dewan Komisaris dan Dewan Pengawasan BUMN.                 Determining the Remuneration of the Board of Directors, the
                                                                       Board of Commissioners, and BUMN Supervisory Board.
3. Anggaran Dasar Perseroan yang telah beberapa kali diubah        3. Company’s Articles of Association which have been amended
   dan terakhir berdasarkan Akta Pernyataan Keputusan Rapat            several times and the last amendment was based on Deed
   dan Perubahan Anggaran Dasar No. 8 tanggal 17 Oktober               of Statement of the Meeting Resolution and Change in the
   2022 yang dibuat oleh Notaris Aryanti Artisari, S.H., M.Kn.         Articles of Association No. 8 dated October 17, 2022 made
   di Jakarta.                                                         before Notary Aryanti Artisari, S.H., M.Kn. in Jakarta.

Berdasarkan Keputusan RUPS Tahunan Perseroan Tahun Buku            Based on the Company’s Annual GMS Resolutions of Financial Year
2023 RUPS memutuskan:                                              2023 whereby the GMS decided on the following:
1. Memberikan kuasa dan wewenang kepada Dewan Komisaris            1. Granted the power and authority to the Board of
    Perseroan dengan terlebih dahulu mendapat persetujuan              Commissioners of the Company with prior approval from the
    pemegang saham pengendali Perseroan yaitu PT Pertamina             controlling shareholder of the Company, namely PT Pertamina
    Hulu Energi untuk menetapkan tantiem bagi anggota Direksi          Hulu Energi, to determine the tantiem for members of the
    dan Dewan Komisaris Perseroan untuk tahun buku 2023.               Board of Directors and the Board of Commissioners of the
                                                                       Company for financial year 2023.
2. Memberikan kuasa dan wewenang kepada Dewan Komisaris            2. Granted the power and authority to the Board of
   Perseroan dengan terlebih dahulu mendapat persetujuan               Commissioners of the Company with prior approval from the
   pemegang saham pengendali Perseroan yaitu PT Pertamina              controlling shareholder of the Company, namely PT Pertamina
   Hulu Energi untuk menetapkan besarnya gaji/honorarium,              Hulu Energi to determine the amount of salary/honorarium,
   tunjangan dan fasilitas bagi anggota Direksi dan Dewan              allowances and facilities for members of the Board of Directors
   Komisaris Perseroan untuk tahun buku 2024.                          and the Board of Commissioners of the Company for financial
                                                                       year 2024.

Prosedur Penetapan Remunerasi                                      Procedures for Establishing Remuneration
Prosedur penetapan remunerasi Dewan Komisaris dan Direksi          The procedures in determining remuneration of the Board of
dilakukan melalui tahapan berikut:                                 Commissioners and the Board of Directors are carried out through
                                                                   the following stages:
1. Komite NR dan GCG melakukan evaluasi terhadap kajian            1. The Nomination and Remuneration Committee evaluates
   remunerasi yang berlaku bagi Dewan Komisaris dan Direksi            remuneration reviews applicable to the Board of




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   Perseroan.                                                                Commissioners and the Board of Directors of the Company.
2. Selanjutnya Komite NR dan GCG akan memberikan                          2. Subsequently, the Nomination and Remuneration Committee
   rekomendasi kepada Dewan Komisaris mengenai kajian                        will provide recommendations to the Board of Commissioners
   remunerasi bagi Dewan Komisaris dan Direksi Perseroan.                    concerning remuneration reviews for the board of
                                                                             Commissioners and the Board of Directors of the Company.
3. Dewan Komisaris menyampaikan usulan rekomendasi                        3. The Board of Commissioners submit the remuneration
   remunerasi bagi Dewan Komisaris dan Direksi Perseroan                     recommendation for the Board of Commissioners and
   kepada Pemegang Saham Pengendali.                                         the Board of Directors of the Company to the Controlling
                                                                             Shareholder.
4. Remunerasi Dewan Komisaris dan Direksi Perseroan                       4. Remuneration of the Board of Commissioners and the Board of
   ditetapkan dengan Keputusan Pemegang Saham dalam RUPS.                    Directors of the Company is determined by the Shareholders
                                                                             Resolution in the GMS.



                               KOMITE NOMINASI DAN         DEWAN KOMISARIS                 RAPAT UMUM
                               REMUNERASI                  Usulan Besaran                  PEMEGANG SAHAM
                               Kajian Remunerasi           Remunerasi Dewan                Menetapkan Remunerasi
                               Dewan Komisaris dan         Komisaris dan Direksi           Dewan Komisaris dan
                               Direksi Perseroan           Perseroan                       Direksi Perseroan

                               NOMINATION AND              THE BOARD OF                    GENERAL MEETING OF
                               REMUNERATION                COMMISSIONERS                   SHAREHOLDERS
                               COMMITTEE                   Recommendation on the           Determining
                               Remuneration Review         Amount of Remuneration          Remuneration of the
                               of the Board of             of the Board of                 Board of Commissioners
                               Commissioners and the       Commissioners and the           and the Board of
                               Board of Directors of the   Board of Directors of the       Directors of the Company
                               Company                     Company




STRUKTUR REMUNERASI ANGGOTA DEWAN KOMISARIS DAN DIREKSI
Remuneration Structure of Members of the Board of Commissioners and the Board of Directors

             Struktur Remunerasi Dewan Komisaris                                               Struktur Remunerasi Direksi
       Remuneration Structure of the Board of Commissioners                            Remuneration Structure of the Board of Directors

HONORARIUM DEWAN KOMISARIS                                               GAJI DIREKSI
Penghasilan tetap berupa uang yang diterima setiap bulan karena          Penghasilan tetap berupa uang yang diterima setiap bulan karena
kedudukannya sebagai anggota Dewan Komisaris Perseroan, dengan           kedudukannya sebagai anggota Direksi Perseroan, dengan ketentuan
ketentuan sebagai berikut:                                               sebagai berikut:
• Honorarium Komisaris Utama adalah 45% dari Gaji Direktur Utama         • Gaji Direktur Utama sebesar 100%
• Honorarium Komisaris adalah 90% dari Honorarium Komisaris              • Gaji Direktur adalah 85% dari Gaji Direktur Utama
   Utama

HONORARIUM FOR THE BOARD OF COMMISSIONERS                                SALARY FOR THE BOARD OF DIRECTORS
Fixed income in the form of money received each month for the            Fixed income in the form of money received each month for the
position undertaken as a member of the Board of Commissioners of         position undertaken as member of the Board of Directors of the
the Company, with the following provisions:                              Company, with the following provisions:
• Honorarium for the President Commissioner is 45% of the salary of      • Salary for the President Director is 100%
   the President Director
• Honorarium for a Commissioner is 90% of the honorarium of the          • Salary for a Director is 85% of the salary of the President Director
   President Commissioner
TUNJANGAN DEWAN KOMISARIS                                                TUNJANGAN DIREKSI
Penghasilan berupa uang atau yang dapat dinilai dengan uang yang         Penghasilan berupa uang atau yang dapat dinilai dengan uang yang
diterima pada waktu tertentu oleh anggota Dewan Komisaris selain         diterima pada waktu tertentu oleh anggota Direksi selain Gaji, yang
Honorarium, yang dapat berupa antara lain:                               dapat berupa antara lain:
• Tunjangan Hari Raya Keagamaan                                          • Tunjangan Hari Raya Keagamaan
• Tunjangan Transportasi                                                 • Tunjangan Perumahan
• Asuransi Purna Jabatan                                                 • Asuransi Purna Jabatan

ALLOWANCE FOR THE BOARD OF COMMISSIONERS                                 ALLOWANCE FOR THE BOARD OF DIRECTORS
Income in the form of money or that can be valued with money             Income in the form of money or that may be valued with money
received at a certain time by members of the Board of Commissioners      received at certain times by members of the Board of Directors other
other than the Honorarium, that can be in the form, among others, of     than Salary, that can be in the form, among others, of the following:
the following:
• Religious Holiday Allowance                                            • Religious Holiday Allowance
• Transportation Allowance                                               • Housing Allowance
• Post Term of Office Insurance                                          • Post Term of Office Insurance




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               Struktur Remunerasi Dewan Komisaris                                             Struktur Remunerasi Direksi
         Remuneration Structure of the Board of Commissioners                          Remuneration Structure of the Board of Directors

 FASILITAS DEWAN KOMISARIS                                                  FASILITAS DIREKSI
 Penghasilan berupa sarana dan/atau kemanfaatan dan/atau                    Penghasilan berupa sarana dan/atau kemanfaatan dan/atau
 penjaminan yang digunakan/dimanfaatkan oleh anggota Dewan                  penjaminan yang digunakan/dimanfaatkan oleh anggota Direksi dalam
 Komisaris dalam rangka pelaksanaan tugas, wewenang, kewajiban dan          rangka pelaksanaan tugas, wewenang, kewajiban dan tanggung jawab
 tanggung jawab berdasarkan peraturan perundang-undangan, yang              berdasarkan peraturan perundang-undangan, yang dapat berupa
 dapat berupa antara lain:                                                  antara lain:
 • Fasilitas Kesehatan                                                      • Fasilitas Kesehatan
 • Fasilitas Bantuan Hukum                                                  • Fasilitas Kendaraan
                                                                            • Fasilitas Bantuan Hukum

 FACILITIES FOR THE BOARD OF COMMISSIONERS                                  FACILITIES FOR THE BOARD OF DIRECTORS
 Income in the form of facilities and/or benefits and/or guarantees         Income in the form of facilities and/or benefits and/or guarantees
 used/ benefited by members of the Board of Commissioners in the            used/ benefited by members of the Board of Directors in the context
 context of carrying out their duties, authorities, obligations and         of carrying out their duties, authorities, obligations and responsibilities
 responsibilities based on laws and regulations, that can be in the form,   based on laws and regulations, that can be in the form, among others,
 among others of the following:                                             of the following:
 • Health Facilities                                                        • Health Facilities
 • Legal Aid Facilities                                                     • Vehicle Facilities
                                                                            • Legal Aid Facilities
 TANTIEM DEWAN KOMISARIS                                                    TANTIEM DIREKSI
 Penghasilan yang merupakan penghargaan yang diberikan kepada               Penghasilan yang merupakan penghargaan yang diberikan kepada
 anggota Dewan Komisaris atas pencapaian kinerja.                           anggota Direksi atas pencapaian kinerja.

 TANTIEM FOR THE BOARD OF COMMISSIONERS                                     TANTIEM FOR THE BOARD OF DIRECTORS
 Income as an appreciation reward given to members of the Board of          Income as an appreciation reward given to members of the Board of
 Commissioners for their performance achievements.                          Directors for their performance achievements.


Dalam rangka menjaga independensi, transparansi dan                          To maintain independence, transparency, and accountability,
akuntabilitas, Komisaris Independen tidak menerima tantiem                   Independent Commissioners do not receive bonuses (profit-based
(bonus berbasis keuntungan perusahaan) agar tetap netral dalam               incentives) to remain impartial in discharging their supervisory
menjalankan tugas pengawasan. Meski demikian, Komisaris                      duties. Nevertheless, Independent Commissioners are entitled to
Independen tetap berhak mendapatkan honorarium tetap atau                    receive a fixed honorarium or reasonable allowances in accordance
tunjangan yang wajar sesuai perannya.                                        with their roles.

Indikator Penetapan Remunerasi Dewan                                         Indicators for Determining the Remuneration of
Komisaris dan Direksi                                                        the Board of Commissioners and the Board of
                                                                             Directors
Dalam menetapkan indikator remunerasi yang diterima anggota                  Determining remuneration indicators received by members of the
Dewan Komisaris dan Direksi Perseroan mengacu kepada                         Board of Commissioners and the Board of Directors of the Company
Peraturan Menteri BUMN No. PER-13/MBU/09/2021 tentang                        refers to BUMN Minister Regulation No. PER-13/MBU/09/2021
Perubahan Keenam Atas Peraturan Menteri BUMN No. PER-04/                     regarding the Sixth Amendment to BUMN Minister Regulation No.
MBU/2014 tentang Pedoman Penetapan Penghasilan Direksi,                      PER-04/MBU/2014 on the Guidelines to Determining Income of
Dewan Komisaris dan Dewan Pengawasan BUMN sebagai berikut:                   the Board of the Directors, the Board of Commissioners and BUMN
                                                                             Supervisory Board which include the following considerations:
1.   Faktor skala usaha                                                      1. Business scale factor
2.   Faktor kompleksitas usaha                                               2. Business complexity factor
3.   Tingkat inflasi                                                         3. Inflation rate
4.   Kondisi dan kemampuan keuangan Perusahaan                               4. Condition and financial capability of the Company
5.   Faktor-faktor lain yang relevan, serta tidak boleh bertentangan         5. Other factors that are relevant and are not conflicting with
     dengan peraturan perundang-undangan.                                        laws and regulations.

Transparansi Remunerasi Dewan Komisaris dan                                  Transparency of Remuneration of the Board of
Direksi Tahun 2024                                                           Commissioners and the Board of Directors in
                                                                             2024
Rincian jumlah nominal remunerasi bagi Dewan Komisaris dan                   Details on the nominal amount of remuneration for the Board
Direksi berdasarkan struktur remunerasi adalah sebagai berikut:              of Commissioners and the Board of Directors based on the
                                                                             remuneration structure are as follows:




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JUMLAH NOMINAL REMUNERASI DEWAN KOMISARIS DAN DIREKSI TAHUN 2024
Total Nominal of Remuneration of the Board of Commissioners and the Board of Directors in 2024
                                                              Jumlah Diterima
                                                              Amount Received
                     Komponen                                                                                   Component
                                               Dewan Komisaris                 Direksi
                                            Board of Commissioners        Board of Directors
 Honorarium/Gaji, THR, Tantiem (termasuk               16.939.724.939           43.922.658.796          Honorarium/Salary, Religious Holiday
 pajak)                                                                                             Allowance (THR), Tantiem (including tax)
 Purna Jabatan                                          4.493.411.674            3.668.557.076                           Retirement Insurance
 Lain-lain (Iuran)                                       202.427.841              548.580.028                                   Others (Dues)


JUMLAH REMUNERASI DEWAN KOMISARIS DAN DIREKSI TAHUN 2024
Amount of Remuneration of the Board of Commissioners and the Board of Directors in 2024

                                                               Jumlah (Rp)
                          Uraian                                                                           Description
                                                               Amount (Rp)

 Jumlah Remunerasi Dewan Komisaris                                  21.635.564.454             Total Amount of Remuneration of the Board of
                                                                                                                            Commissioners
 Jumlah Remunerasi Direksi                                          48.139.795.899             Total Amount of Remuneration of the Board of
                                                                                                                                  Directors
 Jumlah Remunerasi Dewan Komisaris dan Direksi Tahun                69.775.360.353    Total Remuneration of the Board of Commissioners and
 2024                                                                                                         the Board of Directors in 2024



Bonus Non Kinerja dan Opsi Saham Dewan                                  Non-Performance Bonus and Stock Options of
Komisaris dan Direksi                                                   the Board of commissioners and the Board of
                                                                        Directors
Struktur dan komponen remunerasi yang diterima oleh Dewan               The structure and components of the remuneration received by
Komisaris dan Direksi tidak terdapat pemberian bonus non                the Board of Commissioners and the Board of Directors do not
kinerja, dan/atau opsi saham bagi setiap anggota Dewan Komisaris        include providing non-performance bonuses, and/or stock options
dan Direksi.                                                            for each member of the Board of Commissioners and the Board
                                                                        of Directors.




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Komite Audit
    Audit Committee

Komite Audit merupakan komite yang dibentuk oleh/dan                 The Audit Committee is a committee established by/and
bertanggung jawab kepada Dewan Komisaris. Fungsi Komite Audit        responsible to the Board of Commissioners. The Committee’s
adalah membantu memastikan efektivitas sistem pengendalian           function is to assist in ensuring the effectiveness of the internal
internal di semua lini Perseroan dan keandalan informasi keuangan.   control system in all levels of the Company and the reliability of
                                                                     financial information.

LANDASAN HUKUM                                                       LEGAL BASIS
Pembentukan Komite Audit berpedoman dan berlandaskan pada            The establishment of the Audit Committee is guided and based on
peraturan perundang-undangan yang berlaku serta best practices       the applicable laws and regulations as well as best practices that
yang dapat diterapkan pada Perseroan, yaitu:                         can be applied within the Company, namely:
1. Undang-Undang No. 40 Tahun 2007 tanggal 16 Agustus 2007           1. Law No. 40 of 2007 dated August 16, 2007, concerning Limited
    tentang Perseroan Terbatas.                                          Liability Companies.
2. Undang-Undang No. 21 Tahun 2011 tanggal 22 November               2. Law No. 21 of 2011 dated November 22, 2011, concerning the
    2011 tentang Otoritas Jasa Keuangan.                                 Financial Services Authority.
3. Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014              3. Financial Services Authority Regulation No. 33/POJK.04/2014
    tanggal 8 Desember 2014 tentang Direksi dan Dewan                    dated December 8, 2014, concerning the Board of Directors
    Komisaris Emiten atau Perusahaan Publik.                             and the Board of Commissioners of Issuers or Public
                                                                         Companies.
4. Peraturan Otoritas Jasa Keuangan No. 55/POJK.04/2015              4. Financial Services Authority Regulation No. 55/POJK.04/2015
   tanggal 23 Desember 2015 tentang Pembentukan dan                      dated December 23, 2015, concerning the Establishment and
   Pedoman Pelaksanaan Kerja Komite Audit.                               Guidelines for the Implementation of the Audit Committee.
5. Peraturan Otoritas Jasa Keuangan No. 9 Tahun 2023 tanggal 11      5. Financial Services Authority Regulation No. 9 of 2023 dated
   Juli 2023 tentang Penggunaan Jasa Akuntan Publik dan Kantor           July 11, 2023, concerning the Use of Public Accountant
   Akuntan Publik Dalam Kegiatan Jasa Keuangan.                          Services and Public Accounting Firms in Financial Services
                                                                         Activities.
6. Peraturan Otoritas Jasa Keuangan No. 30 Tahun 2023 tanggal        6. Financial Services Authority Regulation No. 30 of 2023 dated
   29 Desember 2023 tentang Pengkomunikasian Hal Audit                   December 29, 2023, concerning the Communication of
   Utama Dalam Laporan Akuntan Publik Atas Laporan Keuangan              Main Audit Matters in the Public Accountant’s Report on the
   Yang Diaudit Di Pasar Modal.                                          Audited Financial Statements in the Capital Market.
7. Peraturan Menteri Negara Badan Usaha Milik Negara No. PER-        7. Regulation of the Minister of State-Owned Enterprises
   3/MBU/03/2023 tentang Organ dan Sumber Daya Manusia                   No. PER-3/MBU/03/2023 concerning the Organization and
   Badan Usaha Milik Negara                                              Human Capital of State-Owned Enterprises.
8. Anggaran Dasar Perseroan yang telah beberapa kali diubah          8. The Articles of Association of the Company, which have been
   dan terakhir berdasarkan Akta Pernyataan Keputusan Rapat              amended several times, most recently based on the Deed of
   dan Perubahan Anggaran Dasar No. 8 tanggal 17 Oktober                 Statement of Meeting Resolutions and Amendments to the
   2022 yang dibuat oleh Notaris Aryanti Artisari, S.H., M.Kn. di        Articles of Association No. 8 dated October 17, 2022, made by
   Jakarta.                                                              Notary Aryanti Artisari, S.H., M.Kn. in Jakarta.

PIAGAM KOMITE AUDIT                                                  CHARTER OF THE AUDIT COMMITTEE
Komite Audit Perseroan telah memiliki piagam sebagai pedoman         The Company’s Audit Committee has a charter as a guideline
tata cara pelaksanaan kegiatan operasional yang secara terus         for the procedures for implementing operational activities that
menerus disempurnakan dan diperbaharui sesuai dengan                 are continuously refined and updated in accordance with the
perkembangan peraturan perundang-undangan yang berlaku               development of applicable laws and regulations and current
serta kondisi terkini. Piagam Komite Audit bertujuan sebagai         conditions. The Audit Committee Charter aims as a guideline for
pedoman bagi Komite Audit dalam melaksanakan tugas dan               the Audit Committee in carrying out its duties and responsibilities
tanggung jawab secara efektif, efisien, transparan, independen       effectively, efficiently, transparently, independently and
dan dapat dipertanggungjawabkan. Pembaruan/penyempurnaan             accountably. The last update/refinement of the Company’s Audit
atas Piagam Komite Audit Perseroan terakhir dilakukan pada bulan     Committee Charter was conducted in June 2024.
Juni 2024.




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Piagam Komite Audit tersebut memuat:                                 The Audit Committee Charter contains the following:
1. Landasan hukum;                                                   1. Legal Basis;
2. Pengangkatan dan Pemberhentian Anggota Komite;                    2. Appointment and Dismissal of Committee Members;
3. Komposisi dan Struktur;                                           3. Composition and Structure;
4. Persyaratan Keanggotaan;                                          4. Membership Requirements;
5. Masa Tugas dan Kompensasi;                                        5. Term of Office and Compensation;
6. Tugas dan Tanggung Jawab;                                         6. Duties and Responsibilities;
7. Wewenang;                                                         7. Authority;
8. Hubungan Kerja;                                                   8. Working Relationships;
9. Rapat Komite;                                                     9. Committee Meetings;
10. Pengungkapan dan Pelaporan;                                      10. Disclosure and Reporting;
11. Kode Etik Kerahasiaan.                                           11. Code of Ethics and Confidentiality.

PENGANGKATAN DAN PEMBERHENTIAN                                       APPOINTMENT AND DISMISSAL OF
ANGGOTA KOMITE                                                       COMMITTEE MEMBERS
Anggota Komite Audit diangkat dan diberhentikan oleh Dewan           Members of the Audit Committee are appointed and dismissed by
Komisaris berdasarkan Ketetapan Rapat Dewan Komisaris, serta         the Board of Commissioners based on the Resolution of the Board
ditetapkan melalui Surat Keputusan Dewan Komisaris.                  of Commissioners’ Meeting and are formalized through a Decree
                                                                     of the Board of Commissioners.

KOMPOSISI DAN STRUKTUR                                               COMPOSITION AND STRUCTURE
1. Komite Audit paling kurang terdiri dari 3 (tiga) orang anggota,   1. The Audit Committee shall consist of at least 3 (three)
   yaitu 1 (satu) orang ketua merangkap anggota yang merupakan          members, including 1 (one) chairperson who also serves as
   Komisaris Independen dan anggota komite lainnya merupakan            a member and is an Independent Commissioner, while the
   pihak yang berasal dari luar Perseroan.                              other committee members must be individuals from outside
                                                                        the Company.
2. Dalam hal anggota Komite Audit ditetapkan lebih dari 3 (tiga)     2. In the event that the Audit Committee has more than 3 (three)
   orang, maka seluruh anggota merupakan pihak Independen.              members, all members must be independent parties.

Susunan Komite Audit                                                 Composition of the Audit Committee
Susunan Komite Audit per 31 Desember 2024 adalah sebagai             The composition of the Audit Committee of the Company until
berikut:                                                             December 31, 2024 was as follows:


         Nama                    Jabatan                      Dasar Pengangkatan                   Masa Jabatan       Periode Jabatan
         Name                    Position                     Basis of Appointment                 Term of Office    Period of Position

 Denie S. Tampubolon     Ketua Komite/Komisaris   SK Dewan Komisaris No. 001 Tahun 2024             2024-2026              Ke-1
                         Independen               Decree of the Board of Commissioners No.                                  1st
                         Committee Chairman/      001 of Year 2024
                         Independent
                         Commissioner
 Adil Nusyirwan          Anggota                  SK Dewan Komisaris No. 006 Tahun 2023             2023-2026              Ke-2
                         Member                   Decree of the Board of Commissioners No.                                  2nd
                                                  006 of Year 2023
 Maryanto Makhdori       Anggota                  SK Dewan Komisaris No. 005 Tahun 2023             2023-2026              Ke-1
                         Member                   Decree of the Board of Commissioners No.                                  1st
                                                  005 of Year 2023



Untuk memenuhi Peraturan OJK No. 55/POJK.04/2015 tanggal 23          To fulfil OJK Regulation No. 55/POJK.04/2015 dated 23 December
Desember 2015 tentang Pembentukan dan Pedoman Pelaksanaan            2015 regarding Establishment and Work Implementation
Kerja Komite Audit, informasi mengenai pengangkatan dan              Guidelines for the Audit Committee, information on the
pemberhentian Komite Audit telah disampaikan kepada Otoritas         appointment and dismissal of the Audit Committee is submitted
Jasa Keuangan dalam jangka waktu paling lama 2 (dua) hari kerja      to the Financial Services Authority within the period at the latest
setelah pengangkatan atau pemberhentian, dan telah dimuat            2 (two) working after the appointment or dismissal, and published
dalam situs web bursa efek dan/atau situs web Perseroan.             on the Stock Exchange’s Website and/or the Company’s Website.
Perseroan telah menyampaikan informasi tersebut kepada               The Company submitted this information to the Financial Services
OJK pada tanggal 22 Januari 2024 bertepatan dengan tanggal           Authority (OJK) on January 22, 2024, the date on which the new




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pengangkatan Komite Audit yang baru.                                        Audit Committee was appointed.

Profil Komite Audit                                                         Profile of the Audit Committee

Denie S. Tampubolon                                                         Denie S. Tampubolon
Ketua Komite Audit                                                          Chairman of the Audit Committee

Profil Bapak Denie S. Tampubolon disajikan pada “Profil Dewan               The profile of Mr. Denie S. Tampubolon is presented in the “Board
Komisaris” dalam bab “Profil Perusahaan” yang terdapat dalam                of Commissioners Profile” section of the “Company Profile”
Laporan Tahunan ini.                                                        chapter of this Annual Report.


                                        ADIL NUSYIRWAN
                                        Anggota Komite Audit
                                        Member of Audit Committee

                                        DATA PRIBADI | PERSONAL DATA
                                        Warga Negara Indonesia | Indonesian Citizen
                                        Usia 67 tahun per 31 Desember 2024 | Age 67 years old as of December 31, 2024
                                        Domisili Jakarta | Domicile Jakarta


                                         Dasar Hukum                Surat Keputusan Dewan Komisaris              Decree of the Board of Commissioners
                                         Penunjukan                 No. 006 Tahun 2023                           No. 006 of Year 2023
                                         Legal Basis of
                                         Appointment
                                         Periode Jabatan            2023–2026, Periode Ke-2                      2023–2026, 2nd Period
                                         Term of Office
                                         Pendidikan                 • Master Akuntansi, University of Illinois   • Master degree in Accounting,
                                         Education                    at Urbana Champaign, USA (1994)              University of Illinois at Urbana
                                                                    • Sarjana Akuntansi, Jurusan Akuntansi,        Champaign, USA (1994)
                                                                      Universitas Sumatera Utara (1982)          • Bachelor degree (Sarjana) in
                                                                                                                   Accounting, Major in Accounting,
                                                                                                                   Universitas Sumatera Utara (1982)
                                         Pengalaman Kerja           • Direktur Keuangan PT Patra Jasa            • Director of Finance of PT Patra Jasa
                                         Work Experience              (2009-2013)                                  (2009–2013)
                                                                    • Direktur Keuangan & Administrasi           • Director of Finance & Administration
                                                                      PT Patra Niaga (2005-2009)                   of PT Putra Niaga (2005–2009)
                                                                    • Direktur Keuangan & Administrasi           • Director of Finance & Administration
                                                                      PT Elnusa Harapan (2003-2005)                of PT Elnusa Harapan (2003–2005)
                                         Rangkap Jabatan            Tidak ada                                    None
                                         Concurrent Position
                                         Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan      Has no affiliation with other members of
                                         Affiliated Relationships   anggota Dewan Komisaris lainnya,             the Board of Commissioners, the Board
                                                                    Direksi, dan Pemegang Saham Utama            of Directors, and Major Shareholders
                                         Kepemilikan Saham          Nihil                                        Nil
                                         ELSA
                                         ELSA Share Ownership




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                                         MARYANTO MAKHDORI
                                         Anggota Komite Audit
                                         Member of Audit Committee

                                         DATA PRIBADI | PERSONAL DATA
                                         Warga Negara Indonesia | Indonesian Citizen
                                         Usia 59 tahun per 31 Desember 2024 | Age 59 years old as of December 31, 2024
                                         Domisili Serang | Domicile Serang


                                          Dasar Hukum                Surat Keputusan Dewan Komisaris           Decree of the Board of Commissioners
                                          Penunjukan                 No. 005 Tahun 2023                        No. 005 of Year 2023
                                          Legal Basis of
                                          Appointment
                                          Periode Jabatan            2023–2026, Periode Ke-1                   2023–2026, 1st Period
                                          Term of Office
                                          Pendidikan                 • Magister Manajemen Keuangan, STIE       • Master (Magister) in Financial
                                          Education                    IPWI, Jakarta (2001)                      Management, STIE IPWI, Jakarta
                                                                                                                 (2001)
                                                                     • Sarjana Akuntansi, Universitas          • Bachelor (Sarjana) in Accounting,
                                                                       Indonesia, Jakarta (1996)                 Universitas Indonesia, Jakarta (1996)
                                          Pengalaman Kerja           PT Elnusa Tbk & Group:                    PT Elnusa Tbk & Group
                                          Work Experience            • Risk Management Expert (2021)           • Risk Management Expert (2021)
                                                                     • Komite Pengembangan Usaha               • Division Head of Risk & Portfolio
                                                                       PT Elnusa Petrofin (2013-2021)            Management (2014–2015)
                                                                     • Division Head of Risk & Portfolio       • Business Development Committee of
                                                                       Management (2014-2015)                    PT Elnusa Petrofin (2013–2021)
                                                                     • Department Head of Risk &               • Department Head of Risk &
                                                                       Performance Management (2012-             Performance Management (2012–
                                                                       2014)                                     2014)
                                                                     • Section Head of Risk Management         • Section Head of Risk Management
                                                                       (2010-2011)                               (2010–2011)
                                                                     • Analis Manajemen Risiko (2008-2009)     • Risk Management Analyst (2008-2009)

                                                                     Badan Pengawasan Keuangan dan             Financial and Development Supervisory
                                                                     Pembangunan (BPKP)                        Agency (BPKP)
                                                                     Ketua Tim Audit; Leader of GCG and Risk   Head of the Audit Team, Leader of GCG
                                                                     Management (1988-2009)                    and Risk Management (1988-2009)
                                          Rangkap Jabatan            Tidak ada                                 None
                                          Concurrent Position
                                          Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan   Has no affiliation with other members of
                                          Affiliated Relationships   anggota Dewan Komisaris lainnya,          the Board of Commissioners, the Board
                                                                     Direksi, dan Pemegang Saham Utama         of Directors, and Major Shareholders
                                          Kepemilikan Saham          Nihil                                     Nil
                                          ELSA
                                          ELSA Share Ownership




PERSYARATAN KEANGGOTAAN                                                      MEMBERSHIP REQUIREMENTS

Persyaratan Umum                                                             General Requirements
1. Memiliki integritas yang tinggi, akhlak dan moral yang baik,              1. Must have high integrity, good morals and ethics, abilities,
   kemampuan, pengetahuan, pengalaman sesuai dengan bidang                      knowledge, and experience relevant to their field of work, as
   pekerjaannya, serta mampu berkomunikasi dengan baik.                         well as the ability to communicate effectively.
2. Tidak memiliki kepentingan/keterkaitan pribadi yang dapat                 2. Must not have personal interests/relationships that could
   menimbulkan conflict of interest terhadap Perseroan.                         create a conflict of interest with the Company.

Persyaratan Kompetensi                                                       Competency Requirements
1. Wajib memiliki kemampuan, pengetahuan, pengalaman                         1. Must possess the necessary abilities, knowledge, and
   sesuai dengan bidang pekerjaannya dengan baik.                               experience relevant to their field of work.
2. Wajib memahami laporan keuangan, bisnis perusahaan                        2. Must understand financial statements, the company’s
   khususnya yang terkait dengan layanan jasa atau kegiatan                     business, especially related to services or business activities
   usaha Perusahaan, proses audit, manajemen risiko, dan                        of the Company, audit processes, risk management, and
   peraturan perundang-undangan di bidang Pasar Modal serta                     regulations in the Capital Market as well as other related laws
   peraturan perundang-undangan terkait lainnya.                                and regulations.
3. Wajib mematuhi kode etik Komite Audit yang ditetapkan oleh                3. Must comply with the code of ethics of the Audit Committee
   Perusahaan.                                                                  established by the Company.




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4. Bersedia meningkatkan kompetensi secara terus menerus               4. Must be willing to continuously improve competencies
   melalui pendidikan dan pelatihan.                                      through education and training.
5. Wajib memiliki paling kurang satu anggota yang berlatar             5. Must have at least one member with an educational
   belakang pendidikan dan keahlian di bidang akuntansi dan/              background and expertise in accounting and/or finance.
   atau keuangan.

Persyaratan Independen bagi Komite Audit                               Independence Requirements for the Audit
                                                                       Committee
1. Bukan merupakan orang dalam Kantor Akuntan Publik, Kantor           1. Must not be an insider of a Public Accounting Firm, Law
   Konsultan Hukum, Kantor Jasa Penilai Publik atau pihak lain            Consulting Firm, Public Appraisal Services, or other parties
   yang memberi jasa assurance, jasa non-assurence, jasa penilai          providing assurance services, non-assurance services,
   dan/atau jasa konsultasi lain kepada Perseroan dalam waktu 6           appraisal services, and/or other consulting services to the
   (enam) bulan terakhir.                                                 Company within the last 6 (six) months.
2. Bukan merupakan orang yang bekerja atau mempunyai                   2. Must not be someone who has worked or has the authority
   wewenang dan tanggung jawab untuk merencanakan,                        and responsibility to plan, lead, control, or supervise the
   memimpin, mengendalikan, atau mengawasi kegiatan                       Company’s activities over the last 6 (six) months, except for
   Perseroan dalam waktu 6 (enam) bulan terakhir, kecuali                 Independent Commissioners.
   Komisaris Independen.
3. Tidak mempunyai saham langsung maupun tidak langsung                3. Must not have direct or indirect shares in the Company.
   pada Perseroan.
4. Dalam hal anggota Komite Audit memperoleh saham                     4. In the event that a member of the Audit Committee acquires
   Perseroan baik langsung maupun tidak langsung akibat                   shares in the Company, either directly or indirectly, as a result
   suatu peristiwa hukum, maka saham tersebut wajib dialihkan             of a legal event, such shares must be transferred to another
   kepada pihak lain dalam jangka waktu paling lama 6 (enam)              party within a maximum period of 6 (six) months after the
   bulan setelah diperolehnya saham tersebut.                             acquisition of such shares.
5. Tidak mempunyai hubungan Afiliasi dengan anggota Dewan              5. Must not have an affiliate relationship with members of the
   Komisaris, anggota Direksi, atau Pemegang Saham Utama                  Board of Commissioners, members of the Board of Directors,
   Perseroan.                                                             or the Company’s Major Shareholders.
6. Tidak mempunyai hubungan usaha baik langsung maupun                 6. Must not have a direct or indirect business relationship related
   tidak langsung yang berkaitan dengan kegiatan usaha                    to the Company’s business activities.
   Perseroan.

PENGEMBANGAN KOMPETENSI                                                COMPETENCY DEVELOPMENT
Perseroan memfasilitasi pelaksanaan program pengembangan bagi          The Company facilitates the implementation of development
Komite Audit dalam rangka meningkatkan kompetensi anggota              programs for the audit Committee in the effort to enhance the
Komite Audit. Program ini diharapkan mampu memberikan                  competency of members of the Audit committee. These programs
dampak positif terhadap produktivitas dan efektivitas kinerja          are hoped to be able to provide positive impact on productivity
Komite Audit.                                                          and effectiveness of the Audit Committee’s performance.

PELATIHAN DAN PENGEMBANGAN
Training Development

         Nama                 Pelatihan dan Pengembangan                  Tempat dan Tanggal                      Penyelenggara
         Name                     Training Development                      Place and Date                          Organizer

 Denie S Tampubolon      disajikan pada “Profil Dewan Komisaris” dalam bab “Profil Perusahaan” yang terdapat dalam Laporan Tahunan ini
                         presented in “Profile of the Board of Commissioners” in the chapter “Company Profile” contained in this Annual
                         Report.
 Adil Nusyirwan          Workshop Dewan Komisaris-Komite            Jawa Barat, 16-17 Oktober 2024     PT Elnusa Tbk
                         Workshop of the Board of                   West Java, October 16-17, 2024
 Maryanto Makhdori       Commissioners-Audit Committee
 Adil Nusyirwan          Executive Workshop Governance and Risk     Yogyakarta, 5-6 Juni 2024          Pusat Pengembangan Akuntansi
                                                                    Yogyakarta, June 5-6, 2024         Fakultas Ekonomi dan Bisnis
 Maryanto Makhdori
                                                                                                       Universitas Indonesia
                                                                                                       Accounting Development Center,
                                                                                                       Faculty of Economics and Business,
                                                                                                       University of Indonesia




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 Adil Nusyirwan             Legal Preventive Program: Pengaruh            Jakarta, 8 November 2024              PT Elnusa Tbk
                            Peraturan Perundang -undangan yang            Jakarta, November 8, 2024
 Maryanto Makhdori
                            Diberlakukan untuk BUMN terhadap
                            Elnusa
                            Legal Preventive Program: Impact of the
                            Prevailing Laws and Regulations for SOE
                            of Indonesia on Elnusa


SERTIFIKASI
Certification

           Nama                                                              Jenis Sertifikasi Profesi
           Name                                                                Type of Certification

 Maryanto MakhdorI                                                     Sertifikasi Manajemen Risiko Level 4
                                                                      Level 4 Risk Management Certification



INDEPENDENSI ANGGOTA                                                         INDEPENDENCY OF MEMBERS OF THE AUDIT
                                                                             COMMITTEE
Anggota Komite Audit bertindak secara independen dalam                       Members of the Audit Committee act independently in carrying out
melaksanakan tugas dan tanggung jawabnya. Artinya, setiap                    their duties and responsibilities. This means that each members of
anggota Komite Audit memberikan penilaian secara wajar dan                   the Audit Committee provide fair and balanced assessment of all
seimbang terhadap seluruh kondisi yang relevan dan tidak                     relevant conditions and are not influenced by personal interests or
terpengaruh oleh kepentingan pribadi atau pihak lain dalam                   other parties in extending their opinion.
menyampaikan pendapatnya.

Berdasarkan Peraturan Otoritas Jasa Keuangan No. 55/                         Based on Financial Services Authority Regulation No. 55/
POJK.04/2015 tentang Pembentukan dan Pedoman Pelaksanaan                     POJK.04/2015 regarding Establishment and Work Implementation
Kerja Komite Audit, seluruh Anggota Komite Audit berasal dari                Guidelines of the Audit Committee, all Members of the Audit
pihak independen yang tidak memiliki hubungan keuangan,                      Committee from independent parties do not have affiliation in
kepengurusan, kepemilikan saham dan/atau hubungan keluarga                   finance, management, share ownership and/or family relationship
dengan Dewan Komisaris, Direksi dan/atau Pemegang Saham                      with the Board of Commissioners, the Bboard of Directors and/
Pengendali, yang dapat mempengaruhi kemampuannya bertindak                   or Controlling Shareholder, that may influence their ability to act
independen. Pemenuhan kriteria independensi oleh anggota                     independently. Fulfilment of independency criteria by members of
Komite Audit disajikan dalam tabel berikut:                                  the Audit Committee is presented in the Table below:


                                     Aspek Independensi                                              Denie S.            Adil        Maryanto
                                    Independency Aspect                                            Tampubolon         Nusyirwan      Makhdori

 Bukan merupakan orang dalam Kantor Akuntan Publik, Kantor Konsultan Hukum, Kantor                         √              √                 √
 Jasa Penilai Publik atau pihak lain yang memberi jasa assurance, jasa non-assurance, jasa
 penilai dan/atau jasa konsultasi lain kepada Perusahaan dalam waktu 6 (enam) bulan
 terakhir.
 Not a person from inside a Public Accounting Firm, Legal Consultant Firm, Public Appraisal
 Service Office or other parties providing assurance services, non-assurance services,
 appraisal services and/or other consulting services to the Company within the last 6 (six)
 months.
 Bukan merupakan orang yang bekerja atau mempunyai wewenang dan tanggung jawab                             √              √                 √
 untuk merencanakan, memimpin, mengendalikan, atau mengawasi kegiatan Perusahaan
 dalam waktu 6 (enam) bulan terakhir kecuali Komisaris Independen.
 Not a person who works or has authority and responsibility to plan, lead, control, or
 supervise the Company’s activities within the last 6 (six) months except as an Independent
 Commissioner
 Tidak mempunyai saham langsung maupun tidak langsung pada Perusahaan.                                     √              √                 √
 Has no direct or indirect shares in the Company.
 Tidak mempunyai hubungan Afiliasi dengan anggota Dewan Komisaris, anggota Direksi,                        √              √                 √
 atau Pemegang Saham Utama Perusahaan.
 Has no affiliation with members of the Board of Commissioners, members of the Board of
 Directors, or Major Shareholders of the Company.
 Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang berkaitan                         √              √                 √
 dengan kegiatan usaha Perusahaan.
 No direct or indirect business affiliation related to business activities of the Company.
 Keterangan | Notes:
 √: memenuhi | complied




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Page 346
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           Corporate Governance




MASA TUGAS DAN KOMPENSASI                                          TERM OF OFFICE AND COMPENSATION
1. Masa jabatan anggota Komite Audit tidak boleh lebih lama        1. The term of office of members of the Audit Committee
   dari masa jabatan Dewan Komisaris dan dapat dipilih kembali        may not be longer than the term of office of the Board
   hanya untuk 1 (satu) periode berikutnya.                           of Commissioners and may be re-elected only for 1 (one)
                                                                      subsequent period.
2. Apabila masa tugas sebagai Dewan Komisaris berakhir, maka       2. If the term of office as the Board of Commissioners ends, then
   berakhir pula masa tugasnya sebagai Anggota Komite Audit.          the term of office as a Member of the Audit Committee also
                                                                      ends.
3. Anggota Komite Audit yang berasal dari pihak luar diberi        3. Members of the Audit Committee who come from outside
   honorarium yang jumlahnya ditetapkan oleh Dewan Komisaris          parties are given an honorarium, the amount of which is
   dengan tetap mengacu pada ketentuan perundangan yang               determined by the Board of Commissioners while still referring
   berlaku.                                                           to the applicable laws and regulations.
4. Penggantian anggota Komite Audit yang bukan berasal dari        4. Replacement of members of the Audit Committee who do not
   Dewan Komisaris dilakukan paling lambat 60 (enam puluh)            come from the Board of Commissioners is carried out no later
   hari sejak anggota Komite Audit dimaksud tidak dapat lagi          than 60 (sixty) days since the Audit Committee member in
   melaksanakan fungsinya.                                            question can no longer carry out his/her functions.
5. Keanggotaan Komite dapat berakhir sewaktu-waktu sebelum         5. Membership of the Committee may end at any time before
   masa jabatan berakhir sesuai Keputusan Dewan Komisaris.            the term of office ends in accordance with the Decision of the
                                                                      Board of Commissioners.

TUGAS DAN TANGGUNG JAWAB                                           DUTIES AND RESPONSIBILITIES OF THE AUDIT
                                                                   COMMITTEE
Komite Audit bertindak secara independen dalam melaksanakan        The Audit Committee acts independently in carrying out its duties
tugas dan tanggung jawabnya. Dalam melaksanakan tugasnya,          and responsibilities. In performing its tasks, the Audit Committee
Komite Audit bertanggung jawab kepada Dewan Komisaris. Tugas       is accountable to the Board of Commissioners. The duties and
dan tanggung jawab Komite Audit adalah sebagai berikut:            responsibilities of the Audit Committee are as follows:
1. Melakukan penelaahan atas informasi keuangan yang akan          1. Review compliance with laws and regulations related to the
    dikeluarkan Perusahaan kepada publik dan/atau pihak otoritas       Company’s activities.
    antara lain laporan keuangan, proyeksi, dan laporan lainnya
    terkait dengan informasi keuangan Perusahaan.
2. Melakukan penelaahan atas ketaatan terhadap peraturan           2. Review compliance with laws and regulations related to the
    perundang undangan yang berhubungan dengan kegiatan               Company’s activities.
    Perusahaan.
3. Memberikan pendapat independen dalam hal terjadi                3. Provide independent opinion in the event of a difference of
    perbedaan pendapat antara manajemen dan Akuntan atas              opinion between the management and the Accountant on the
    jasa yang diberikannya.                                           services provided.
4. Memberikan rekomendasi kepada Dewan Komisaris mengenai          4. Provide recommendations to the Board of Commissioners
    penunjukan maupun penggantian Akuntan Publik dan/                 regarding the appointment and/or replacement of Public
    atau Kantor Akuntan Publik. Untuk penunjukan Akuntan              Accountants and/or Public Accounting Firms. For the
    Publik dan/atau Kantor Akuntan Publik persyaratan minimal         appointment of Public Accountants and/or Public Accounting
    mempertimbangkan aspek independensi, ruang lingkup                Firms, the minimum requirements should consider aspects of
    penugasan, imbalan jasa audit dan keahlian serta pengalaman.      independence, scope of assignment, audit fees, and expertise
                                                                      as well as experience.
5. Melakukan evaluasi pelaksanaan pemberian jasa audit.            5. Evaluate the implementation of audit services.
6. Melakukan penelaahan atas pelaksanaan pemeriksaan oleh          6. Review the implementation of examinations by internal
    auditor internal dan mengawasi pelaksanaan tindak lanjut          auditors and oversee the follow-up actions by the Board of
    oleh Direksi atas temuan auditor internal.                        Directors on the findings of internal auditors.
7. Menelaah pengaduan yang berkaitan dengan proses akuntansi       7. Review complaints related to the Company’s accounting and
    dan pelaporan keuangan Perusahaan.                                financial reporting processes.
8. Melakukan komunikasi mengenai hal yang akan ditentukan          8. Communicate regarding matters to be determined as Key
    sebagai Hal Audit Utama yang disampaikan oleh Akuntan             Audit Matters presented by the Public Accountant.
    Publik.
9. Mendokumentasikan dan menyimpan hasil komunikasi                9. Document and retain the results of communications with the
    dengan Akuntan Publik mengenai Hal Audit Utama.                    Public Accountant regarding Key Audit Matters.
10. Melakukan review atas permohonan persetujuan Direksi           10. Review the Board of Directors’ requests for approval from the
    kepada Dewan Komisaris atas rencana corporate actions              Board of Commissioners regarding corporate action plans,




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    antara lain investasi, Pembentukan Anak Perusahaan,                including investments, establishment of subsidiaries, work
    Rencana Kerja dan Anggaran Perusahaan, Rencana Jangka              plans and budgets, long-term corporate plans, financing,
    Panjang Perusahaan, Pembiayaan (Financing), Kontrak Kerja          cooperation contracts, oil and gas working areas, asset
    Sama Operasi, Wilayah Kerja Migas, Pengelolaan Aset dan            management, and asset guarantees.
    Penjaminan Aset.
11. Menelaah dan memberikan saran kepada Dewan Komisaris           11. Review and provide advice to the Board of Commissioners
    terkait dengan adanya potensi benturan kepentingan                 regarding potential conflicts of interest within the Company.
    Perusahaan.
12. Melaksanakan tugas lainnya yang diberikan oleh Dewan           12. Carry out other tasks assigned by the Board of Commissioners.
    Komisaris.

Tanggung Jawab Komite Audit dalam                                  Responsibilities of the Audit Committee in
Pemberian Rekomendasi atas Penunjukan dan                          Providing Recommendations on the Appointment
Pemberhentian Auditor Eksternal                                    and Dismissal of the External Auditor
Membantu Dewan Komisaris dalam melakukan pengawasan aktif          Assist the Board of Commissioners in carrying out active
terhadap aktivitas auditor eksternal dengan:                       supervision on external auditor’s activities with the following:
1. Memberikan rekomendasi kepada Dewan Komisaris mengenai          1. Provide recommendations to the Board of Commissioners on
    penunjukan dan/atau penggantian Akuntan Publik dan/                the appointment and/or replacement of the Public Accountant
    atau Kantor Akuntan Publik yang didasarkan pada dan tidak          and/or Public Accounting Firm based on and not limited to
    terbatas pada independensi, ruang lingkup penugasan, biaya,        the independency, scope of assignment, fees, expertise and
    keahlian dan metode yang digunakan.                                method used.
2. Mendiskusikan rencana audit yang meliputi sifat dan ruang       2. Discuss audit plans that covers the characteristics and scope of
    lingkup audit dengan para pihak terkait.                           the audit with related parties.
3. Menelaah kecukupan pemeriksaan oleh Kantor Akuntan              3. Review the adequacy of the audit by the Public Accounting
    Publik.                                                            Firm.
4. Memantau dan mengevaluasi pelaksanaan pemberian                 4. Monitor and evaluate the implementation of audit services
    jasa audit atas informasi keuangan historis tahunan oleh           provided on annual historical financial information by the
    Akuntan Publik dan/atau Kantor Akuntan Publik termasuk             Public Accountant and/or Public Accounting Firm including
    kesesuaiannya dengan standar akuntansi keuangan yang               the suitability with applicable financial accounting standards,
    berlaku, kecukupan waktu pekerjaan lapangan, kecukupan uji         adequacy of time for field work, adequacy of test ase and
    petik dan rekomendasi perbaikan yang diberikan.                    recommendation for improvement provided.

Pembagian Tugas dan Tanggung Jawab Dalam                           Division of Duties and Responsibilities in the
Keanggotaan Komite Audit                                           Membership of the Audit Committee
Anggota Komite Audit Perseroan selama tahun 2024 terdiri dari      Members of the Audit Committee consist of 3 (three), of which
3 (tiga) orang, dan 2 (dua) orang di antaranya berlatar belakang   2 (two) have educational background including in accounting and
pendidikan dan keahlian di bidang akuntansi dan/atau keuangan.     finance as well as with diverse work experience. The characteristic
Sesuai dengan sifat pekerjaan Komite Audit yang kolektif           of the work of the Audit Committee is collective collegial. Thus, the
kolegial, maka pelaksanaan tugas Komite Audit dapat dilakukan      implementation of duties of the Audit Committee may be carried
secara bersama-sama sesuai dengan latar belakang pendidikan        out simultaneously in accordance with the educational background
dan kompetensi yang dimiliki dari masing-masing anggota            and competency of each of the member of the Audit Committee.
Komite Audit.

WEWENANG                                                           AUTHORITY
Dalam melaksanakan tugasnya Komite Audit mempunyai                 In carrying out its duties, the Audit Committee has authorities as
wewenang sebagai berikut:                                          follows:
1. Mengakses dokumen, data, dan informasi Perseroan tentang        1. To access documents, data and information of the Company
    karyawan, dana, aset, dan sumber daya perusahaan yang               regarding employees, funds, assets, and company resources
    diperlukan.                                                         as required.
2. Berkomunikasi langsung dengan karyawan, termasuk Direksi        2. To communicate directly with employees, including the Board
    dan pihak yang menjalankan fungsi audit internal, manajemen         of Directors and parties that conduct the functions of internal
    risiko, dan Akuntan terkait tugas dan tanggung jawab                audit, risk management, and accounting related to the duties
    Komite Audit.                                                       and responsibilities of the Audit Committee.
3. Melibatkan pihak independen di luar anggota Komite Audit        3. To engage an independent party outside of the Audit
    yang diperlukan untuk membantu pelaksanaan tugasnya (jika           Committee required to assist in the implementation of duties
    diperlukan).                                                        (if necessary).




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4. Melakukan kewenangan lain yang diberikan oleh Dewan                  4. To act on other authorities provided by the Board of
   Komisaris.                                                              Commissioners.

HUBUNGAN KERJA                                                          WORK RELATIONSHIP
Dalam melaksanakan wewenang, tugas dan tanggung jawabnya,               In carrying out its authority, duties, and responsibilities, the Audit
Komite Audit:                                                           Committee:
1. Bekerja sama dan berkoordinasi dengan Divisi Internal Audit          1. Collaborates and coordinates with the Company’s Internal
    Perseroan, Divisi Controller Perseroan, Divisi Enterprise Risk          Audit Division, the Company’s Controller Division, the
    Management dan unit kerja terkait lainnya.                              Enterprise Risk Management Division, and other relevant
                                                                            work units.
2. Dengan persetujuan dan/atau melalui Dewan Komisaris, dapat           2. With the approval and/or through the Board of Commissioners,
   meminta bantuan pihak luar untuk melakukan pemeriksaan                   may request assistance from external parties to conduct
   yang bersifat khusus dan sangat teknis.                                  special and highly technical examinations.
3. Berkoordinasi dengan komite-komite lain di bawah Dewan               3. Coordinates with other committees under the Board of
   Komisaris.                                                               Commissioners.
4. Dalam menjalankan tugas dan tanggung jawabnya, anggota               4. In performing its duties and responsibilities, members of the
   Komite Audit dapat melakukan kunjungan kerja ke lapangan.                Audit Committee may conduct field visits.

Secara khusus, berikut adalah hubungan kerja Komite Audit               Specifically, the following are the working relationships of the
dengan beberapa pihak:                                                  Audit Committee with several parties:


       Jenis Hubungan Kerja                                                          Kegiatan
     Type of Work Relationship                                                       Activities

 Hubungan Kerja Komite Audit      1. Melakukan penelaahan atas pelaksanaan pemeriksaan oleh Auditor Internal dan mengawasi pelaksanaan
 dengan Auditor Internal             tindak lanjut oleh Direksi atas temuan Auditor Internal.
 Work Relationship of the Audit   2. Mengawasi pelaksanaan tindak lanjut oleh Direksi atas temuan Auditor Internal.
 Committee with the Internal      3. Melakukan komunikasi secara langsung dengan pihak yang menjalankan fungsi Audit Internal.
 Auditor                          4. Mengadakan rapat secara berkala dan insidentil dengan Auditor Internal.
                                  1. Review audit implementation by internal auditor and supervise implementation of follow-ups by the
                                     Board of Directors on findings of the Internal Auditor.
                                  2. Supervise implementation of follow-ups by the Board of Directors on findings of the Internal Auditor.
                                  3. Communicate directly with the party that conducts the internal audit function.
                                  4. Hold meetings periodically and incidentally with the Internal Auditor.
 Hubungan Kerja Komite Audit      1. Memberikan rekomendasi penunjukan Auditor Eksternal kepada Dewan Komisaris.
 dengan Auditor Eksternal         2. Melakukan evaluasi pelaksanaan pemberian jasa audit.
 Work Relationship of the Audit   3. Melakukan Penelaahan atas laporan keuangan.
 Committee with the External      1. Provide recommendations on the appointment of External Auditor to the Board of Commissioners.
 Auditor                          2. Evaluate the implementation of audit services provided by the External Auditor.
                                  3. Review financial statements.
 Hubungan Kerja Komite Audit      1. Melakukan penelaahan atas informasi keuangan yang akan dikeluarkan Perseroan kepada publik dan/
 dengan Accounting/Controller        atau pihak otoritas antara lain laporan keuangan, proyeksi, dan laporan lainnya terkait dengan informasi
 Work Relationship of the Audit      keuangan Perseroan.
 Committee with Accounting/       2. Melakukan penelaahan atas ketaatan terhadap peraturan perundang-undangan yang berhubungan
 Controller                          dengan kegiatan Perseroan.
                                  1. To review the financial information that will be released by the Company to the public and/or regulatory
                                     authorities, including financial statements, projections, and other reports related to the Company’s
                                     financial information.
                                  2. To review compliance with laws and regulations related to the Company’s activities.


PENILAIAN KINERJA (KEY PERFORMANCE                                      PERFORMANCE ASSESSMENT (KPI) OF THE
INDICATORS)                                                             AUDIT COMMITTEE
Penilaian kinerja Komite Audit dilakukan setidaknya 1 (satu)            The performance assessment of the Audit Committee is carried out
tahun sekali, dengan mempertimbangkan efektivitas Komite Audit          at least one a year, by taking into account the effectiveness of the
dalam menjalankan fungsinya, tingkat kehadiran dalam rapat, dan         Audit Committee in performing its function, level of attendance in
tingkat pemahaman akan masalah yang dihadapi Perusahaan yang            meetings, and level of comprehension on the problems faced by
diformulasikan dalam bentuk Key Performance Indicator (KPI) dan         the Company formulated in the form of Key Performance Indicator
juga AKHLAK Behavior.                                                   (KPI) and also AKHLAK Behavior.

REMUNERASI                                                              REMUNERATION
Penentuan jumlah remunerasi Komite Audit ditetapkan dengan              Determining the amount of remuneration of the Audit Committee




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mengacu pada Peraturan Menteri Negara Badan Usaha Milik             refers to the Minister of State-Owned Enterprises Regulation
Negara nomor PER-3/MBU/03/2023 tentang Organ dan Sumber             No. PER3/MBU/03/2023 regarding Organs and Human Capital of
Daya Manusia Badan Usaha Milik Negara yang mengatur bahwa           StateOwned Enterprises which regulates that income of members
penghasilan anggota Komite Audit, yakni berupa honorarium           of the Audit Committee, namely in the form of honorarium at
maksimal sebesar 20% (dua puluh persen) dari gaji Direktur Utama    maximum of 20% (twenty percent) of the salary of the Company’s
Perusahaan dengan ketentuan pajak ditanggung Perusahaan dan         President Director with the provision that taxes are borne by the
tidak diperkenankan menerima penghasilan lain selain honorarium     Company and are not permitted to receive income other than the
tersebut. Anggota Dewan Komisaris yang menjadi Ketua/Anggota        honorarium. Member of the Board of Commissioners serving as
Komite Audit tidak diberikan penghasilan tambahan dari jabatan      Chairman/Member of the Audit Committee is not provided with
tersebut.                                                           additional income from the assigned position.

RAPAT KOMITE AUDIT                                                  MEETINGS OF THE AUDIT COMMITTEE

Kebijakan Rapat                                                     Meeting Policy
1. Rapat Komite Audit diselenggarakan sesuai dengan kebutuhan       1. The Audit Committee holds periodic meetings at least once in
    Perseroan, secara berkala paling kurang 1 (satu) kali dalam 3      3 (three) months.
    (tiga) bulan.
2. Rapat Komite Audit hanya dapat dilaksanakan apabila dihadiri     2. The Audit Committee meeting can only be conducted if
    oleh mayoritas dari jumlah anggota Komite.                         attended by the majority of the Committee members.
3. Rapat dipimpin oleh Ketua Komite Audit, dan apabila Ketua        3. The meeting is chaired by the Chairperson of the Audit
    Komite berhalangan hadir, maka rapat dipimpin oleh anggota         Committee, and if the Chairperson is unable to attend, the
    komite senior yang ditunjuk/disepakati dalam rapat.                meeting is chaired by a senior committee member appointed/
4. Dalam hal anggota Komite Audit dengan sebab apapun                  agreed upon in the meeting.
    berhalangan hadir maka kehadiran anggota Komite tersebut        4. In the event that a Committee member is unable to attend for
    dapat diwakili oleh anggota Komite lainnya berdasarkan surat       any reason, their attendance may be represented by another
    kuasa.                                                             Committee member based on a power of attorney.
5. Anggota Komite hanya dapat mewakili seorang anggota              5. A Committee member may only represent one other
    Komite lainnya.                                                    Committee member.
6. Pengambilan keputusan rapat Komite Audit dilakukan               6. Decisions in the Audit Committee meeting are made based on
    berdasarkan musyawarah mufakat. Dalam hal tidak terjadi            consensus. If consensus is not reached, decisions are made
    musyawarah mufakat, maka pengambilan keputusan dilakukan           based on a majority vote. In the event of a tie in the voting,
    berdasarkan suara terbanyak. Jika dalam pengambilan                the decision is made by the Chair of the meeting.
    keputusan yang dilakukan dengan cara pemungutan suara
    terjadi suara yang sama banyaknya, maka keputusan diambil
    oleh Ketua Rapat.
7. Hasil rapat Komite Audit dituangkan dalam suatu risalah          7. The results of the Audit Committee meeting are documented
    rapat yang ditandatangani oleh seluruh anggota Komite,             in minutes signed by all Committee members, submitted to
    disampaikan kepada Dewan Komisaris dan didokumentasikan            the Board of Commissioners, and properly documented.
    dengan baik.
8. Perbedaan pendapat (dissenting opinions) yang terjadi dalam      8. Dissenting opinions that arise during the Audit Committee
    rapat Komite wajib dicantumkan secara jelas dalam risalah           meeting must be clearly stated in the minutes along with the
    rapat beserta alasan perbedaan pendapat tersebut.                   reasons for the differing opinions.
9. Kehadiran anggota Komite Audit dalam rapat dilaporkan            9. The attendance of Audit Committee members at meetings is
    dalam laporan tahunan Komite Audit.                                 reported in the annual report of the Audit Committee.
10. Rapat dapat dilakukan baik secara tatap muka maupun virtual     10. Meetings can be conducted either in person or virtually
    melalui media telekonfrensi atau sarana media lainnya yang          through teleconferencing or other media that allow all
    memungkinkan semua peserta rapat saling melihat dan/atau            meeting participants to see and/or hear each other directly
    mendengar secara langsung serta berpartisipasi dalam rapat.         and participate in the meeting.

Realisasi Rapat                                                     Meeting Realization
Selama tahun 2024, rapat Komite Audit telah membahas agenda-        During 2024, the Audit Committee meetings discussed the
agenda antara lain:                                                 following agendas:
1. Memberikan rekomendasi kepada Dewan Komisaris mengenai           1. Providing recommendations to the Board of Commissioners
    penunjukan maupun evaluasi Akuntan Publik dan/atau Kantor            regarding the appointment and evaluation of Public
    Akuntan Publik.                                                      Accountants and/or Public Accounting Firms.
2. Rapat dengan Direktur Keuangan dan pejabat eksekutif untuk       2. Meetings with the Finance Director and executive officials to




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      membahas:                                                                 discuss:
      a. penelaahan atas laporan keuangan mencakup penyajian                    a. Review of financial statements including presentation and
         dan pengungkapan dalam laporan keuangan, perlakuan                         disclosure in financial statements, accounting treatment
         dan kebijakan akuntansi dan kesesuaiannya dengan                           and policies, and their compliance with generally accepted
         prinsip akuntansi yang berlaku umum.                                       accounting principles.
      b. penelaahan atas kinerja keuangan dan kecukupan laporan                 b. Review of financial performance and adequacy of public
         keuangan publikasi dan pelaporan kepada OJK.                               financial reporting and reporting to the Financial Services
                                                                                    Authority (OJK).
   c. rekomendasi serta progress tindak lanjut hasil audit dari                 c. Recommendations and progress on follow-up actions
       auditor eksternal.                                                           from external auditor findings.
3. Rapat dengan Chief Audit Executive untuk membahas:                        3. Meetings with the Chief Audit Executive to discuss:
   a. rencana audit, ruang lingkup dan temuan audit, tindak                     a. Audit plans, scope, and audit findings, follow-up actions,
       lanjut, rekomendasi hasil audit dan kecukupan sistem                         recommendations from audit results, and adequacy of
       pengendalian internal.                                                       internal control systems.
   b. Kinerja internal audit.                                                   b. Performance of internal audit.
4. Rapat dengan Akuntan Publik untuk membahas rencana audit,                 4. Meetings with Public Accountants to discuss audit plans, audit
   ruang lingkup audit, temuan audit, rekomendasi hasil audit                   scope, audit findings, recommendations from audit results,
   dan management letter yang telah disampaikan.                                and management letters that have been submitted.
5. Pemutakhiran piagam atau pedoman kerja serta rencana                      5. Updating the charter or work guidelines and the work program
   program kerja Komite Audit untuk tahun buku 2025.                            plan of the Audit Committee for the fiscal year 2025.

Selama tahun 2024, Komite Audit telah melaksanakan 32 (tiga                  During the year 2024, the Audit Committee conducted 32
puluh dua) kali, baik rapat internal Komite maupun rapat bersama             (thirtytwo) meetings, both the Committee’s internal meeting as
Direktur dan Divisi terkait seperti Fungsi Audit Internal, dan               well as joint meetings with the Board of Directors and related
Accounting/Controller. Komite Audit juga aktif hadir dan terlibat            Divisions such as Internal Audit Function and Accounting/
dalam Rapat Dewan Komisaris dengan tujuan agar hal-hal yang                  Controller. The Audit Committee also actively attended and
bersifat substantif dapat segera dilaporkan kepada Dewan                     involved in the Meeting of the Board of Commissioners with the
Komisaris.                                                                   objective so that matters that were substantive were immediately
                                                                             reported to the Board of Commissioners.

AGENDA RAPAT KOMITE AUDIT
Agenda of Audit Committee Meetings

 No.                                                                       Agenda

  1      Tindak Lanjut Progres Ke-2 Year End Audit Laporan Keuangan Konsolidasian Tahun 2023
         Follow-Up on Progress of the 2nd Year-End Audit of Consolidated Financial Statements for 2023
  2      Pembahasan Bersama KAP Purwantono, Sungkoro & Surja: Hal Audit Utama atas Laporan Keuangan Konsolidasian 31 Desember 2023
         Discussion with KAP Purwantono, Sungkoro & Surja: Key Audit Matters on the Consolidated Financial Statements as of December 31, 2023
  3      Draft Laporan Keuangan 31 Desember 2023 PT Elnusa Tbk Konsolidasian
         Draft Consolidated Financial Statements as of December 31, 2023, PT Elnusa Tbk
  4      Closing Meeting Audit Laporan Keuangan Konsolidasian PT Elnusa Tbk dan Anak Perusahaan Tahun Buku 2023 (Year End)
         Closing Meeting for the Audit of Consolidated Financial Statements of PT Elnusa Tbk and Subsidiaries for the 2023 Financial Year (Year-
         End)
  5      Rapat Koordinasi 2 bulanan Komite Audit-Internal Audit
         Bi-Monthly Coordination Meeting of the Audit Committee-Internal Audit
  6      1. Progres pelaksanaan audit Elnusa oleh auditor eksternal
         2. Tindak Lanjut Management Letter Auditor External atas Laporan Keuangan Elnusa Group
         1. Progress of the Elnusa audit by external auditors
         2. Follow-Up on the External Auditor’s Management Letter regarding the Elnusa Group
  7      Sosialisasi Internal Control over Financial Report (ICoFR)
         Financial Statements Internal Control over Financial Report (ICoFR) Socialization
  8      Evaluasi kinerja KAP Tahun Buku 2023
         Evaluation of KAP Performance for the 2023
  9      Rapat Koordinasi 2 bulanan Komite Audit-Internal Audit
         Financial Year Bi-Monthly Coordination Meeting of the Audit Committee-Internal Audit




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No.                                                                    Agenda

10    Draft Laporan Keuangan 31 Maret 2024 PT Elnusa Tbk Konsolidasian
      Draft Consolidated Financial Statements as of March 31, 2024, PT Elnusa Tbk
11    Rapat Koordinasi 2 bulanan Komite Audit-Internal Audit
      Bi-Monthly Coordination Meeting of the Audit Committee-Internal Audit
12    Draft Laporan Keuangan 30 Juni 2024 PT Elnusa Tbk Konsolidasian
      Draft Consolidated Financial Statements as of June 30, 2024, PT Elnusa Tbk
13    Rapat Koordinasi 2 bulanan Komite Audit-Internal Audit
      Bi-Monthly Coordination Meeting of the Audit Committee-Internal Audit
14    Hasil Audit Pengelolaan Cash Card & Panjar Kerja PT Elnusa Tbk
      Results of the Audit on Cash Card Management & Working Advances of PT Elnusa Tbk
15    Persetujuan Kerangka Acuan Kerja, Owner’s Estimate (OE) dan Pelimpahan Proses Pengadaan Kantor Akuntan Publik (KAP) atas Jasa Audit
      Laporan Keuangan untuk Tahun Buku yang Berakhir 31 Desember 2024 ke PT Pertamina Hulu Energi selaku Subholding Upstream
      Approval of the Terms of Reference, Owner’s Estimate (OE), and Delegation of the Public Accountant Firm (KAP) Procurement Process for
      Audit Services of the Financial Statements for the Financial Year Ending December 31, 2024, to PT Pertamina Hulu Energi as the Upstream
      Subholding
16    Audiensi antara Elnusa dengan KAP PSS (EY)-POJK No. 09 tahun 2023
      Audiences between Elnusa and KAP PSS (EY) - POJK No. 09 of 2023
17    Rapat Koordinasi 2 bulanan Komite Audit-Internal Audit
      Bi-Monthly Coordination Meeting of the Audit Committee-Internal Audit
18    Koordinasi dalam rangka pelaksanaan audit laporan keuangan tahun buku 2024 oleh KAP PSS (EY)
      Coordination for the implementation of the 2024 financial statement audit by KAP PSS (EY)
19    Progress Meeting Ke-1 Audit Laporan Keuangan Lingkup PT Elnusa Tbk dan Anak Perusahaan Tahun Buku 2024 (Interim)
      1st Progress Meeting for the Financial Statement Audit Scope of PT Elnusa Tbk and Subsidiaries for the 2024 Financial Year (Interim)
20    Draft Laporan Keuangan 30 September 2024 PT Elnusa Tbk Konsolidasian
      Draft Consolidated Financial Statements as of September 30, 2024, PT Elnusa Tbk
21    Progress Meeting Ke-2 Audit Laporan Keuangan Lingkup PT Elnusa Tbk dan Anak Perusahaan Tahun Buku 2024 (Interim)
      2nd Progress Meeting for the Financial Statement Audit Scope of PT Elnusa Tbk and Subsidiaries for the 2024 Financial Year (Interim)
22    Progress Meeting Ke-3 Audit Laporan Keuangan Lingkup PT Elnusa Tbk dan Anak Perusahaan Tahun Buku 2024 (Interim)
      3rd Progress Meeting for the Financial Statement Audit Scope of PT Elnusa Tbk and Subsidiaries for the 2024 Financial Year (Interim)
23    Permohonan Persetujuan Investasi 74 Unit Mobil Tangki
      Investment Approval Request for 74 Tanker Trucks
24    Progress Meeting Ke-4 Audit Laporan Keuangan Lingkup PT Elnusa Tbk dan Anak Perusahaan Tahun Buku 2024 (Interim)
      4th Progress Meeting for the Financial Statement Audit Scope of PT Elnusa Tbk and Subsidiaries for the 2024 Financial Year (Interim)
25    Permohonan Persetujuan Investasi Terminal LPG Kolaka
      Investment Approval Request for Kolaka LPG Terminal
26    Progress Meeting Ke-5 Audit Laporan Keuangan Lingkup PT Elnusa Tbk dan Anak Perusahaan Tahun Buku 2024 (Interim)
      5th Progress Meeting for the Financial Statement Audit Scope of PT Elnusa Tbk and Subsidiaries for the 2024 Financial Year (Interim)
27    Progress Meeting Ke-6 Audit Laporan Keuangan Lingkup PT Elnusa Tbk dan Anak Perusahaan Tahun Buku 2024 (Interim)
      6th Progress Meeting for the Financial Statement Audit Scope of PT Elnusa Tbk and Subsidiaries for the 2024 Financial Year (Interim)
28    Progress Meeting Ke-7 Audit Laporan Keuangan Lingkup PT Elnusa Tbk dan Anak Perusahaan Tahun Buku 2024 (Interim)
      7th Progress Meeting for the Financial Statement Audit Scope of PT Elnusa Tbk and Subsidiaries for the 2024 Financial Year (Interim)
29    Rapat Koordinasi 2 bulanan Komite Audit-Internal Audit
      Bi-Monthly Coordination Meeting of the Audit Committee-Internal Audit
30    Pembahasan Dokumen ICoFR
      Discussion of ICoFR Documents
31    Progress Meeting Ke-8 Audit Laporan Keuangan Lingkup PT Elnusa Tbk dan Anak Perusahaan Tahun Buku 2024 (Interim)
      8th Progress Meeting for the Financial Statement Audit Scope of PT Elnusa Tbk and Subsidiaries for the 2024 Financial Year (Interim)
32    Progress Meeting Ke-9 Audit Laporan Keuangan Lingkup PT Elnusa Tbk dan Anak Perusahaan Tahun Buku 2024 (Interim)
      9th Progress Meeting for the Financial Statement Audit Scope of PT Elnusa Tbk and Subsidiaries for the 2024 Financial Year (Interim)




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Frekuensi dan Tingkat Kehadiran Rapat Komite                        Frequency and Attendance Rate of the Audit
Audit Selama Tahun 2024                                             Committee Meetings in 2024
Selain Rapat Internal, Komite Audit juga aktif hadir dan terlibat   In addition to Internal Meetings, the Audit Committee was also
dalam Rapat Dewan Komisaris dengan tujuan agar hal-hal yang         actively present and involved in the Board of Commissioners’
bersifat substantif dapat segera dilaporkan kepada Dewan            Meetings to ensure that substantive matters could be reported to
Komisaris. Berikut frekuensi dan tingkat kehadiran Rapat            the Board of Commissioners immediately. Below is the frequency
Komite Audit:                                                       and attendance rate of the Audit Committee Meetings:


                                                                    Jumlah Rapat selama Menjabat
         Nama                            Jabatan                                                              Kehadiran
                                                                    Number of Meetings during the
         Name                            Position                                                             Attendance
                                                                            Term of Office
 Denie S. Tampubolon     Ketua Komite/Komisaris Independen                                      32                           100%
                         Chairman of Committee/Independent
                         Commissioners
 Adil Nusyirwan          Anggota                                                                32                           100%
                         Member
 Maryanto Makhdori       Anggota                                                                32                           100%
                         Member



RENCANA PELAKSANAAN RAPAT KOMITE                                    PLANS FOR IMPLEMENTATION OF AUDIT
AUDIT TAHUN 2025                                                    COMMITTEE MEETINGS IN 2025
Dalam rangka meningkatkan koordinasi yang lebih efektif, sesuai     In the effort to improve a more effective coordination, in line
Program Kerja Komite Audit tahun buku 2024 bahwa rapat              with the Work Program of the Audit Committee for financial
dengan Fungsi Internal Audit Elnusa direncanakan dilakukan          year 2024 that meetings with Elnusa’s Internal Audit Function
setiap setidaknya minggu ke-2 setiap 2 (dua) bulan dengan           are planned to be conducted every second week at least every 2
agenda rapat di antaranya membahas tentang progres penugasan        (two) months with the meeting agenda to include discussions on
audit termasuk tindak lanjutnya. Begitupun rapat dengan Fungsi      audit assignment progress and its follow-ups. So as the meetings
Accounting/Controller Elnusa rencananya dilakukan per kwartal.      with Elnusa Accounting Function are planned to be conducted
Selain itu direncanakan pula pertemuan dengan Akuntan Publik        per quarter. While meetings with the Public Accountant and/
dan/atau Kantor Akuntan Publik diantaranya untuk membahas           or Public Accounting Firm, among others, are to review financial
ruang lingkup audit tahunan, management letter, isu-isu strategis   information. Unplanned meetings may also be held at any time
maupun significant audit findings. Rapat juga dapat dilaksanakan    as needed.
sewaktu-waktu sesuai dengan kebutuhan.

PENGUNGKAPAN DAN PELAPORAN                                          DISCLOSURE AND REPORTING
Piagam Komite Audit mengatur bahwa:                                 The Audit Committee Charter stipulates that:
1. Komite Audit wajib membuat laporan kepada Dewan Komisaris        1. The Audit Committee is required to submit a report to the
    atas setiap penugasan yang diberikan.                               Board of Commissioners on each assignment given.
2. Komite Audit wajib membuat laporan tahunan pelaksanaan           2. The Audit Committee is required to submit an annual report
    kegiatan Komite Audit yang diungkapkan dalam Laporan                on the implementation of activities of the Audit Committee
    Tahunan Perusahaan.                                                 disclosed in the Company’s Annual Report.
3. Laporan Komite tersebut merupakan bagian dari laporan            3. The Committee’s report is part of the report on the
    pelaksanaan tugas Dewan Komisaris dan disampaikan dalam             implementation of the Board of Commissioners’ duties and is
    Rapat Umum Pemegang Saham.                                          presented at the General Meeting of Shareholders.
4. Perusahaan wajib menyampaikan kepada Otoritas                    4. The Company is required to inform the Financial Services
    Jasa Keuangan informasi mengenai pengangkatan dan                   Authority about the appointment and dismissal of the Audit
    pemberhentian Komite Audit dalam jangka waktu paling lama           Committee within a maximum period of 2 (two) working days
    2 (dua) hari kerja setelah pengangkatan atau pemberhentian.         after the appointment or dismissal.
5. Informasi mengenai pengangkatan dan pemberhentian
    sebagaimana dimaksud dalam poin No. 4 di atas wajib dimuat      5. Information regarding the appointment and dismissal as
    dalam laman (website) bursa dan/atau laman (website)               referred to in point no. 4 above must be published on the
    Perusahaan.                                                        stock exchange website and/or the Company’s website.




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Laporan Singkat Pelaksanaan Kegiatan Komite                           Brief Report on the Implementation of Activities
Audit Tahun 2024                                                      of the Audit Committee in 2024
Dalam rangka pelaksanaan GCG, Dewan Komisaris membentuk               In order to implement Good Corporate Governance (GCG), the
Komite Audit dengan berpedoman kepada ketentuan yang                  Board of Commissioners has established an Audit Committee
berlaku. Untuk memenuhi POJK No. 55/POJK.04/2015 tentang              in accordance with applicable regulations. To comply with
Pembentukan dan Pedoman Pelaksanaan Kerja Komite Audit,               POJK No. 55/POJK.04/2015 concerning the Establishment and
Perseroan telah menyusun Piagam Komite Audit yang memuat              Guidelines for the Work of the Audit Committee, the Company
tugas dan tanggung jawab Komite Audit serta informasi lainnya         has prepared an Audit Committee Charter that includes the duties
yang diwajibkan dalam POJK tersebut pada Situs Web Perusahaan.        and responsibilities of the Audit Committee as well as other
                                                                      information required by the regulation on the Company’s Website.

Selama tahun buku 2024, Komite Audit melalui rapat-rapat Komite       In the financial year 2024, the Audit Committee, through
Audit telah melakukan pembahasan dengan pihak-pihak terkait           Committee meetings, carried out discussions with related parties
antara lain:                                                          including the following:
1. Manajemen                                                          1. Management
    Komite Audit melakukan penelaahan atas laporan keuangan               The Audit Committee reviewed the audited and unaudited
    audited dan unaudited yang dipublikasikan pada tahun 2024,            financial statements published in the year 2024, in order
    guna memastikan bahwa isi dan pengungkapan informasi                  to ensure that the content and disclosure of information
    telah sesuai dengan standar akuntansi dan ketentuan yang              comply with applicable accounting standards and provisions.
    berlaku. Evaluasi terhadap efektivitas pelaksanaan audit oleh         Evaluation of the effectiveness in the audit implementation
    auditor eksternal, independensi, objektivitas, serta kecukupan        by the external auditor, the independency, objectivity, as well
    lingkup pemeriksaannya juga dilakukan oleh Komite Audit               as adequacy of the scope of the audit was also conducted by
    melalui pembahasan bersama Manajemen. Komite Audit juga               the Audit Committee through discussions and monitoring of
    melakukan pembahasan dan pengawasan terhadap tindak                   follow-ups in completing the Audit findings both by Internal
    lanjut penyelesaian temuan audit, baik Audit Internal maupun          and External Audits, monitoring of follow-ups in completing
    Audit Eksternal, pengawasan tindak lanjut penyelesaian kasus-         the cases that occurred in the context of accelerating
    kasus yang terjadi dalam rangka mendorong percepatan                  completion.
    penyelesaian.
2. Auditor Eksternal                                                  2. External Auditor
    • Dalam rangka proses audit laporan keuangan perusahaan              In the audit process of the Company’s financial statements as
         per 31 Desember 2024 yang dilakukan oleh Kantor Akuntan         per December 31, 2024 conducted by the Public Accounting
         Publik (KAP), Komite Audit membahas rencana audit,              Firm (KAP), the Audit Committee discussed audit plans,
         pengawasan progres pelaksanaan audit termasuk temuan            monitoring the audit implementation progress including
         yang memerlukan penyesuaian-penyesuaian, evaluasi               findings that require adjustments, evaluation on internal
         terhadap pengendalian internal termasuk pengendalian            control including internal control of the Company’s financial
         internal atas pelaporan keuangan Perseroan, serta kualitas      statements, as well as the quality of the overall Company’s
         pelaporan keuangan Perseroan secara keseluruhan.                financial reporting.
    • Untuk memenuhi Peraturan OJK No. 9 Tahun 2023 tanggal              • To comply with OJK Regulation Number 9 of 2023 dated
         11 Juli 2023 tentang Penggunaan Jasa Akuntan Publik dan              July 11, 2023, concerning the Use of Public Accountant
         Kantor Akuntan Publik dalam Kegiatan Jasa Keuangan,                  Services and Public Accounting Firms in Financial Services
         Komite Audit telah:                                                  Activities, the Audit Committee has:
         – menyampaikan laporan hasil evaluasi pelaksanaan                    – to submit a report on the evaluation results of the
             pemberian jasa audit atas informasi keuangan historis                audit services provided for the annual historical
             tahunan tahun buku 2024 kepada OJK pada bulan                        financial information for the 2024 financial year to
             Mei 2024.                                                            OJK in May 2024.
         – memberikan rekomendasi kepada Dewan Komisaris                      – to provide recommendations to the Board of
             mengenai penunjukan dan/atau penggantian                             Commissioners regarding the appointment and/
             Akuntan Publik dan/atau Kantor Akuntan Publik untuk                  or replacement of Public Accountants and/or Public
             pelaksanaan pemberian jasa audit atas informasi                      Accounting Firms for the provision of audit services
             keuangan historis tahunan tahun buku 2024.                           for the annual historical financial information for the
                                                                                  2024 financial year.




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   •   Komite Audit juga telah melakukan kegiatan                  •   The Audit Committee also carried out communication with
       pengkomunikasian kepada Akuntan Publik dan/atau                 the Public Accountant and/or Public Accounting Firm and
       Kantor Akuntan Publik dan pendokumentasiannya terkait           documented the activities related to key audit matters in order
       hal audit utama atau key audit matters guna memenuhi            to comply with OJK Regulation No. 30 dated December 29,
       Peraturan OJK No. 30 tanggal 29 Desember 2023 tentang           2023 regarding Communication on Key Audit Matters in the
       Pengkomunikasian Hal Audit Utama dalam Laporan                  Public Accountant Report on the Audited Financial Statements
       Akuntan Publik atas Laporan Keuangan yang Diaudit di            in the Capital Market.
       Pasar Modal.
3. Unit Audit Internal                                             3. Internal Audit Unit
   • Komite Audit melakukan penelaahan terhadap rencana               • The Audit Committee reviewed the annual internal audit
       audit internal tahunan, memonitor pelaksanaan dan hasil            plan, monitored the implementation and audit results,
       pemeriksaan, serta tindak lanjut penyelesaiannya oleh              as well as follow-ups on its completion by the Company’s
       Manajemen Perseroan. Komite Audit juga melakukan                   Management. The Audit Committee also discussed with
       pembahasan dengan Unit Audit Internal, dalam upaya                 the Internal Audit Unit in the effort to encourage the
       mendorong efektivitas dan penguatan fungsi Unit Audit              effectiveness and strengthening of the function of the
       Internal.                                                          Internal Audit Unit.
   • Berkenaan dengan upaya untuk lebih mengoptimalkan                • In the effort to heighten optimization of the Internal Audit
       fungsi Unit Audit Internal, Komite Audit telah                     Unit’s function, the Audit Committee recommended the
       merekomendasikan untuk menerapkan Risk Based Audit                 implementation of Risk Based Audit as an audit method
       sebagai metode dan pendekatan audit yang digunakan                 and approach to be used by the Internal Audit Unit in
       Unit Audit Internal dalam melakukan pemeriksaan.                   conducting audits.
4. Dewan Komisaris                                                 4. The Board of Commissioners
   Pelaksanaan tugas dan tanggung jawab, serta rekomendasi            Implementation of duties and responsibilities, as well as
   Komite Audit, secara periodik dilaporkan kepada Dewan              recommendation of the Audit Committee is periodically
   Komisaris. Secara garis besar, kegiatan-kegiatan tersebut          reported to the Board of Commissioners generally as follows:
   adalah sebagai berikut:
   • Melakukan penelaahan atas usulan penunjukan KAP                   •   Review of the recommendation on KAP appointment
       dan memberikan rekomendasi kepada Dewan Komisaris                   and the Audit Committee provided recommendation to
       untuk menunjuk KAP Purwantono, Sungkoro & Surja                     the Board of Commissioners to appoint KAP Purwanto,
       (member of Ernst & Young) untuk melakukan audit atas                Sungkoro & Surja (member of Ernst & Young) to conduct
       Laporan Keuangan Konsolidasian Perseroan yang berakhir              the audit of the Company’s consolidated Financial
       31 Desember 2024, serta melakukan penelaahan atas                   Statements which ended on 31 December 2024, as well
       efektivitas pelaksanaan Jasa Audit Kantor Akuntan Publik            as review on the effectiveness of the implementation of
       termasuk aspek independensi dan objektivitas.                       Public Accounting Firm Audit Services including the aspect
                                                                           of independency and objectivity.
   •   Melakukan penelaahan atas Laporan Keuangan audited              •   Review of the audited and unaudited Financial Statements
       dan unaudited yang dipublikasikan pada tahun 2024.                  published in the year 2024.
   •   Melakukan tinjauan atas efektivitas fungsi Internal Audit       ª   Review of the effectiveness of the Internal Audit function
       berkaitan dengan realisasi RKAP Tahunan, temuan-temuan              related to the realization of the RKAT, audit findings
       dan rekomendasi audit mencakup kepatuhan atas Internal              and recommendations that include compliance of the
       Control, proses pengelolaan risiko dan pelaksanaan GCG.             Internal Control, the process of risk management and
                                                                           implementation of GCG.
   •   Melakukan tinjauan efektivitas tindak lanjut atas               •   Review of the effectiveness of follow-ups on the
       penyelesaian temuan-temuan Auditor Internal maupun                  completion of the Internal and External Auditors’ findings.
       Auditor Eksternal.
   •   Melakukan penelaahan antara lain terhadap laporan               •   Review, among others, of the Company’s monthly
       kinerja bulanan Perseroan, usulan RKAP Tahun 2025 dan               performance report, suggestions on 2025 RKAP and
       usulan-usulan Manajemen yang memerlukan persetujuan                 Management’s suggestions that require the approval
       Dewan Komisaris.                                                    of the Board of Commissioners. • Update the charter or




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   •   Melakukan pemutakhiran piagam atau pedoman kerja               work guidelines of the Audit committee for suitability with
       Komite Audit disesuaikan dengan peraturan perundang-           the laws and regulations as well as Company activities.
       undangan maupun kegiatan Perseroan.                        •   Preparation of work plan of the Audit Committee for the
   •   Menyusun rencana kerja Komite Audit tahun 2025.                year 2025.



KODE ETIK KERAHASIAAN                                          CODE OF ETHICS ON CONFIDENTIALITY
1. Anggota Komite yang masih atau yang sudah tidak menjabat    1. Members of the Committee, whether incumbent or no longer
   lagi sebagai Anggota Komite, wajib menjaga kerahasiaan         serving shall keep the confidentiality of documents, data,
   dokumen, data dan informasi Perseroan yang diperoleh           and information of the Company they came to know during
   sewaktu menjabat sebagai Anggota Komite, baik dari pihak       their tenure as Committee Members, both from internal and
   internal maupun pihak eksternal dan hanya digunakan untuk      external parties, and may only use such information for the
   kepentingan pelaksanaan tugasnya.                              purpose of carrying out their duties.
2. Anggota Komite dilarang menyalahgunakan informasi penting   2. Committee Members shall refrain from misusing important
   yang berkaitan dengan kepentingan Perusahaan untuk             information related to the interests of the Company for
   kepentingan pribadi.                                           personal gain.
3. Anggota Komite dalam melaksanakan tugas dan tanggung        3. Committee Members shall comply with the Company’s Code
   jawabnya wajib menaati Kode Etik Perusahaan.                   of Ethics in discharging their duties and responsibilities.




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Komite Nominasi, Remunerasi dan Good
Corporate Governance
     Nomination, Remuneration Committee and Good Corporate
     Governance

Komite Nominasi, Remunerasi dan Good Corporate Governance            Nomination, Remuneration and Good Corporate Governance
(“Komite NR dan GCG”) adalah organ pendukung Dewan Komisaris         Committee (“NR and GCG Committee”) is a supporting organ of
yang bertugas dan bertanggung jawab untuk membantu Dewan             the Board of Commissioners with duties and responsibilities to
Komisaris dalam menjalankan tugas pengawasan dan pemberian           assist the Board of Commissioners in carrying out its supervisory
nasihat di bidang pengelolaan dan pengembangan Sumber Daya           and advisory duties in the field of management and development
Manusia (SDM) termasuk proses remunerasi dan nominasi Dewan          of Human Capital (HC) including the remuneration and nomination
Komisaris dan Direksi Perseroan.                                     process of the Board of Commissioners and the Board of Directors
                                                                     of the Company.

LANDASAN HUKUM                                                       LEGAL BASIS
1. Undang-Undang No. 40 Tahun 2007 tanggal 16 Agustus 2007           1. Law No. 40 of 2007 dated August 16, 2007 concerning Limited
   tentang Perseroan Terbatas.                                          Liability Companies.
2. Undang-Undang No. 21 Tahun 2011 tanggal 22 November               2. Law No. 21 of 2011 dated November 22, 2011 concerning the
   2011 tentang Otoritas Jasa Keuangan.                                 Financial Services Authority.
3. Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014              3. Financial Services Authority Regulation No. 33/POJK.04/2014
   tanggal 8 Desember 2014 tentang Direksi dan Dewan                    dated December 8, 2014 regarding the Board of Directors and
   Komisaris Emiten atau Perusahaan Publik.                             Board of Commissioners of Issuers or Public Companies.
4. Peraturan Otoritas Jasa Keuangan No. 34/POJK.04/2014              4. Financial Services Authority Regulation No. 34/POJK.04/2014
   tanggal 8 Desember 2014 tentang Komite NR dan GCG Emiten             dated December 8, 2014 regarding NR and GCG Committee of
   atau Perusahaan Publik.                                              Issuers or Public Companies.
5. Peraturan Menteri Negara Badan Usaha Milik Negara No. PER-        5. Regulation of the Minister of State-Owned Enterprises No.
   3/MBU/03/2023 tentang Organ dan Sumber Daya Manusia                  PER-3/MBU/03/2023 concerning Organs and Human Capital
   Badan Usaha Milik Negara.                                            of State-Owned Enterprises.
6. Anggaran Dasar Perseroan yang telah beberapa kali diubah          6. Articles of Association of the Company which have been
   dan terakhir berdasarkan Akta Pernyataan Keputusan Rapat             amended several times and most recently based on Deed of
   dan Perubahan Anggaran Dasar No. Dasar No. 8 tanggal 17              Meeting Resolution and Amendment to Articles of Association
   Oktober 2022 yang dibuat oleh Notaris Aryanti Artisari, S.H.,        No. 8 dated October 17, 2022 made by Notary Aryanti Artisari,
   M.Kn. di Jakarta.                                                    S.H., M.Kn. in Jakarta.

PIAGAM KOMITE NR DAN GCG                                             CHARTER OF THE NR AND GCG COMMITTEE
Komite NR dan GCG Perseroan telah memiliki piagam sebagai            The NR and GCG Committee of the Company has a charter as
pedoman bagi Komite NR dan GCG dalam melaksanakan tugas dan          a guideline for the NR and GCG Committee in carrying out its
tanggung jawab secara efektif, efisien, transparan, independen dan   duties and responsibilities effectively, efficiently, transparently,
dapat dipertanggungjawabkan. Piagam ini secara terus-menerus         independently and accountably. This charter is continuously
disempurnakan dan diperbaharui sesuai dengan perkembangan            refined and updated in accordance with the development of
peraturan perundang-undangan yang berlaku serta kondisi terkini.     prevailing laws and regulations and current conditions. The last
Pembaharuan/penyempurnaan atas Piagam Komite NR dan GCG              update/refinement of the Company’s NR and GCG Committee
Perseroan terakhir dilakukan pada Juni 2024.                         Charter was carried out in June 2024.

Piagam Komite NR dan GCG tersebut antara lain memuat:                The Nomination and Remuneration Committee Charter consists of
                                                                     the following:
1.   Landasan hukum;                                                 1. Legal basis;
2.   Pengangkatan dan Pemberhentian Anggota Komite;                  2. Appointment and Dismissal of Committee Members;
3.   Komposisi dan Struktur;                                         3. Composition and Structure;
4.   Persyaratan keanggotaan;                                        4. Membership requirements;
5.   Masa Tugas dan Kompensasi;                                      5. Term of Service and Compensation;
6.   Tugas dan Tanggung jawab;                                       6. Duties and Responsibilities;




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7. Wewenang;                                                       7. Authority;
8. Hubungan Kerja;                                                 8. Working Relationship;
9. Rapat Komite;                                                   9. Committee Meeting;
10. Pengungkapan dan Pelaporan;                                    10. Disclosure and Reporting;
11. Kode Etik Kerahasiaan.                                         11. Confidentiality Code of Conduct.

PENGANGKATAN DAN PEMBERHENTIAN                                     APPOINTMENT AND DISMISSAL OF
ANGGOTA KOMITE                                                     COMMITTEE MEMBERS
Anggota Komite NR dan GCG diangkat dan diberhentikan oleh          Members of the NR and GCG Committee are appointed and
Dewan Komisaris berdasarkan Ketetapan Rapat Dewan Komisaris,       dismissed by the Board of Commissioners based on the Resolution
serta ditetapkan melalui Surat Keputusan Dewan Komisaris.          of the Meeting of the Board of Commissioners, and stipulated
                                                                   through a Decree of the Board of Commissioners.

KOMPOSISI DAN STRUKTUR                                             COMPOSITION AND STRUCTURE
Komite NR dan GCG paling kurang terdiri dari 3 (tiga) orang        The NR and GCG Committee shall consist of at least three (3)
anggota dengan ketentuan:                                          members with the following provisions:
1. 1 (satu) orang ketua merangkap anggota yang merupakan           1. One (1) chairman who also serves as a member and shall be an
   Komisaris Independen; dan                                          Independent Commissioner.
2. anggota lainnya yang dapat berasal dari:                        2. Other members who may come from:
   a. anggota Dewan Komisaris;                                        a. Members of the Board of Commissioners;
   b. pihak yang berasal dari luar Perseroan; atau                    b. External parties outside the Company; or
   c. pihak yang menduduki jabatan manajerial di bawah                c. Individuals holding managerial positions under the Board
       Direksi yang membidangi Sumber Daya Manusia.                       of Directors overseeing Human Capital.

Komite NR dan GCG lainnya, selain jumlah minimal anggota           For the NR and GCG Committee, aside from meeting the minimum
yang harus terpenuhi sebagaimana disebutkan di atas, sebagian      membership requirement stated above, the majority of its
besar anggotanya tidak dapat berasal dari pihak yang menduduki     members must not come from individuals holding managerial
jabatan manajerial di bawah Direksi yang membidangi Sumber         positions under the Board of Directors overseeing Human Capital.
Daya Manusia.

Anggota Direksi Perseroan tidak dapat menjadi Anggota Komite NR    Members of the Company’s Board of Directors cannot be part of
dan GCG dan dalam hal anggota Komite NR dan GCG ditetapkan         the NR and GCG Committee. If the committee consists of more
lebih dari 3 (tiga) orang, maka mayoritas anggota merupakan        than three (3) members, the majority must be independent
pihak Independen.                                                  parties.

SUSUNAN KOMITE NR DAN GCG
Composition of the NR and GCG Committee


       Nama                    Jabatan                       Dasar Pengangkatan               Masa Jabatan        Periode Jabatan
       Name                    Position                       Basis Appointment               Term of Office     Period of Position

 Eko Ariantoro      Ketua Komite/Komisaris          SK Dewan Komisaris No. 002 Tahun 2024       2024-2027              Ke-1
                    Utama merangkap Komisaris       Decree of the Board of Commissioners                                1st
                    Independen                      No. 002 of Year 2024
                    Committee Chairman/ President
                    Commissioner concurrently
                    Independent Commissioner
 Yudo Irianto       Anggota                         SK Dewan Komisaris No. 009 Tahun 2023       2023-2026              Ke-2
                    Member                          Decree of the Board of Commissioners                                2nd
                                                    No. 009 of Year 2024
 Agung Wahidin      Anggota                         SK Dewan Komisaris No. 010 Tahun 2023       2023-2026              Ke-2
 Wibisana           Member                          Decree of the Board of Commissioners                                2nd
                                                    No. 010 of Year 2024




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PROFIL ANGGOTA KOMITE NR DAN GCG                                              PROFILE OF NR AND GCG COMMITTEE
                                                                              MEMBERS

Eko Ariantoro                                                                 Eko Ariantoro
Ketua Komite NR dan GCG                                                       Chairman of NR and GCG Committee

Profil disajikan pada “Profil Dewan Komisaris” dalam bab “Profil              The profile is presented in the “Profile of the Board of
Perusahaan” yang terdapat dalam Laporan Tahunan ini.                          Commissioners” section of the “Company Profile” chapter
                                                                              contained in this Annual Report.

                                          YUDO IRIANTO
                                          Anggota Komite NR dan GCG
                                          Member of NR and GCG Committee

                                          DATA PRIBADI | PERSONAL DATA
                                          Warga Negara Indonesia | Indonesian Citizen
                                          Usia 61 tahun per 31 Desember 2024 | Age 61 years old as of December 31, 2024
                                          Domisili Bekasi | Domicile Bekasi


                                           Dasar Hukum                Surat Keputusan Dewan Komisaris           Decree of the Board of Commissioners
                                           Penunjukan                 No. 009 Tahun 2023                        No. 009 of Year 2023
                                           Legal Basis of
                                           Appointment
                                           Periode Jabatan            2023–2026, Periode Ke-2                   2023–2026, 2nd Period
                                           Term of Office
                                           Pendidikan                 • Sarjana Ekonomi Akuntansi,              • Bachelor (Sarjana) in Economics -
                                           Education                    Universitas Diponegoro, Semarang          Accounting, Universitas Diponegoro,
                                                                        (1988)                                    Semarang (1988)
                                                                      • Magister Management, Human              • Master (Magister) in Management,
                                                                        Resources Management, Universitas         Human Resources Management,
                                                                        Padjajaran, Bandung dan College           Universitas Padjajaran, Bandung and
                                                                        Business Administration, Kentucky         College Business Administration,
                                                                        University, USA (1996)                    Kentucky University, USA (1996)
                                           Pengalaman Kerja           • Dewan Pengawas di Dana Pensiun          • Supervisory Board at Pertamina
                                           Work Experience              Pertamina (sejak 2021)                    Pension Fund (since 2021)
                                                                      • Komisaris Independen di PT Pertalife    • Independent Commissioner at
                                                                        Insurance (2021–2022)                     PT Pertalife Insurance (2021–2022)
                                                                      • SVP HRD PT Pertamina (Persero)          • SVP HRD of PT Pertamina (Persero)
                                                                        (2017–2018)                               (2017–2018)
                                                                      • VP People Management PT Pertamina       • VP People Management of
                                                                        (Persero) (2013–2017)                     PT Pertamina (Persero)(2013–2017)
                                                                      • VP HR Operation PT Pertamina            • VP HR Operation of PT Pertamina
                                                                        (Persero) (2009–2013)                     (Persero)(2009–2013)
                                                                      • VP HR Group Shared Services             • VP HR Group Shared Services of
                                                                        PT Pertamina (Persero) (2008–2009)        PT Pertamina(Persero) (2008–2009)
                                                                      • Presiden Komisaris PT Pertamina         • President Commissioner of
                                                                        Pedeve Indonesia (2018)                   PT Pertamina Pedeve Indonesia (2018)
                                                                      • Presiden Komisaris PT Pertamina Dana    • President Commissioner of
                                                                        Ventura (2013–2018)                       PT Pertamina Dana Ventura
                                                                                                                  (2013– 2018)
                                                                      • Komisaris Perseroan (2017–2018)         • Commissioner of the Company
                                                                                                                  (2017–2018)
                                                                      • Dewan Pengawas di Dana Pensiun          • Supervisory Board at Pertamina
                                                                        Pertamina (2009–2013)                     Pension Fund (2009–2013)
                                           Rangkap Jabatan            Tidak ada                                 None
                                           Concurrent Position
                                           Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan   Has no affiliation with other members of
                                           Affiliated Relationships   anggota Dewan Komisaris lainnya,          the Board of Commissioners, the Board
                                                                      Direksi, dan Pemegang Saham Utama         of Directors, and Major Shareholders
                                           Kepemilikan Saham          Nihil                                     Nil
                                           ELSA
                                           ELSA Share Ownership




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                                       AGUNG WAHIDIN WIBISANA
                                       Anggota Komite NR dan GCG
                                       Member of NR and GCG Committee

                                       DATA PRIBADI | PERSONAL DATA
                                       Warga Negara Indonesia | Indonesian Citizen
                                       Usia 49 tahun per 31 Desember 2024 | Age 49 years old as of December 31, 2024
                                       Domisili Bekasi | Domicile Bekasi


                                        Dasar Hukum                Surat Keputusan Dewan Komisaris            Decree of the Board of Commissioners
                                        Penunjukan                 No. 010 Tahun 2023                         No. 010 of Year 2023
                                        Legal Basis of
                                        Appointment
                                        Periode Jabatan            2023–2026, Periode Ke-2                    2023–2026, 2nd Period
                                        Term of Office
                                        Pendidikan                 • Sarjana Hukum Bisnis, Universitas   • Bachelor (Sarjana) in Business Law,
                                        Education                    Parahyangan, Bandung (1999)           Universitas Parahyangan, Bandung
                                                                                                           (1999)
                                                                   • Diploma Human Capital Management, • Diploma in Human Capital
                                                                     Singapore Human Resources Institute   Management, Singapore Human
                                                                     (2009)                                Resources Institute (2009)
                                                                   • Master in Business Administration,  • Master in Business Administration,
                                                                     IPMI Business School (2022)           IPMI Business School (2022)
                                        Pengalaman Kerja           • Senior Manager of Human Capital          • Senior Manager of Human Capital
                                        Work Experience              Business Partner Perseroan                 Business Partner of the Company
                                                                     (2018– 2020)                               (2018–2020)
                                                                   • Department Head of Human                 • Department Head of Human
                                                                     Resources Drilling & Oilfield Services     Resources Drilling & Oilfield Services
                                                                     Perseroan (2016–2018)                      of the Company (2016–2018)
                                                                   • Department Head of Organization          • Department Head of Organization
                                                                     Development & Talent Management            Development & Talent Management
                                                                     Perseroan (2012–2016)                      of the Company (2012–2016)
                                                                   • Section Head of Sourcing Perseroan       • Section Head of Sourcing of the
                                                                     (2010–2012)                                Company (2010–2012)
                                                                   • Human Resources Policy & System          • Human Resources Policy & System
                                                                     Manager PT Infomedia Nusantara             Manager of PT Infomedia Nusantara
                                                                     (2010)                                     (2010)
                                                                   • Human Resource Performance               • Human Resource Performance
                                                                     Manager PT Infomedia Nusantara             Manager of PT Infomedia Nusantara
                                                                     (2008–2010)                                (2008–2010)
                                                                   • Human Resource Operation Manager         • Human Resource Operation Manager
                                                                     PT Infomedia Nusantara (2006–2008)         of PT Infomedia Nusantara (2006–
                                                                                                                2008)
                                                                   • Associate di Konsultan Hukum             • Associate at Law Consultant (1999–
                                                                     (1999–2002)                                2002)
                                        Rangkap Jabatan            VP Human Capital Perseroan                 VP Human Capital (2020-current)
                                        Concurrent Position        (2020-saat ini)
                                        Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan    Has no affiliation with other members of
                                        Affiliated Relationships   anggota Dewan Komisaris lainnya,           the Board of Commissioners, the Board
                                                                   Direksi, dan Pemegang Saham Utama          of Directors, and Major Shareholders
                                        Kepemilikan Saham          Nihil                                      Nil
                                        ELSA
                                        ELSA Share Ownership




PERSYARATAN KEANGGOTAAN                                                    MEMBERSHIP REQUIREMENTS

Persyaratan Umum                                                           General Requirements
1. Memiliki integritas, akhlak dan moral yang baik.                        1. Possess integrity, good character, and strong moral values.
2. Mampu bekerja sama dan memiliki kemampuan berkomunikasi                 2. Has the ability to colaborate, communicate effectively, and
   dengan baik dan efektif serta bersedia menyediakan waktu                   dedicate sufficient time to fulfill their duties.
   yang cukup untuk melaksanakan tugasnya.
3. Tidak memiliki kepentingan/keterkaitan pribadi yang dapat               3. Have no personal interests or affiliations that could create a
   menimbulkan conflict of interest terhadap Perseroan.                       conflict of interest with the Company.




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Persyaratan Kompetensi                                           Competency Requirements
1. Pihak yang menduduki jabatan manajerial di bawah Direksi      1. Members holding managerial positions under the Board of
   yang membidangi Sumber Daya Manusia yang menjadi                 Directors overseeing Human Capital shall have knowledge of
   anggota Komite NR dan GCG harus memiliki pengetahuan             the Company’s remuneration system, nomination process,
   mengenai sistem remunerasi, nominasi serta rencana suksesi       and succession planning.
   (succession plan) Perseroan.
2. Memiliki keahlian, kemampuan, pengetahuan dan pengalaman      2. Possess adequate expertise, skills, knowledge, and experience
   yang memadai yang berhubungan dengan tugas dan tanggung          relevant to their duties and responsibilities, particularly
   jawabnya, khususnya terkait ketentuan sistem remunerasi          regarding remuneration, nomination systems, and succession
   dan/atau nominasi serta succession plan Perseroan serta          planning, and be able to communicate these functions
   mampu mengkomunikasikan pelaksanaan tugas dan fungsinya          effectively to the Board of Commissioners.
   kepada Dewan Komisaris.
3. Sekurang-kurangnya salah satu Anggota Komite harus            3. At least one member of the Committee shall have an
   memiliki latar belakang dan kompetensi dalam pendidikan          educational background or expertise in Human Capital.
   atau memiliki keahlian dalam bidang Sumber Daya Manusia.
4. Memiliki pengetahuan yang memadai tentang bisnis dan          4. Have sufficient knowledge of the Company’s business, Articles
   Anggaran Dasar Perseroan, peraturan perundangan di bidang        of Association, Capital Market regulations, and other relevant
   Pasar Modal dan peraturan perundangan terkait lainnya.           legal provisions.
5. Bersedia meningkatkan kompetensi secara terus-menerus         5. Be willing to continuously enhance their competencies
   melalui pendidikan dan pelatihan.                                through education and training.

Persyaratan Independen Bagi Anggota Komite NR                    Independence Requirements for Independent
dan GCG yang berasal dari pihak independen                       Members of the NR and GCG Committee
1. Anggota Komite NR dan GCG yang berasal dari luar Perseroan    1. Independent members of the NR and GCG Committee must
   tidak merangkap jabatan sebagai anggota komite lainnya yang      not serve in any other committee within the Company.
   dimiliki Perseroan.
2. Tidak memiliki saham baik langsung maupun tidak langsung      2. Must not hold shares in the Company, either directly or
   pada Perusahaan.                                                 indirectly.
3. Tidak mempunyai hubungan usaha baik langsung maupun           3. Must not have any business relationships, direct or indirect,
   tidak langsung yang berkaitan dengan kegiatan usaha              related to the Company’s operations.
   Perusahaan.
4. Tidak mempunyai hubungan afiliasi dengan Perusahaan,          4. Must not have any affiliation with the Company, members
   Anggota Dewan Komisaris, Anggota Direksi atau pemegang           of the Board of Commissioners, Board of Directors, or major
   saham utama Perusahaan.                                          shareholders.
5. Bukan merupakan orang yang bekerja atau mempunyai             5. Must not have been employed or held any authority in
   wewenang dan tanggung jawab untuk merencanakan,                  planning, leading, controlling, or supervising the Company
   memimpin, mengendalikan atau mengawasi Perusahaan ini            within six (6) months prior to their appointment by the Board
   dalam waktu 6 (enam) bulan sebelum diangkat oleh Dewan           of Commissioners.
   Komisaris.

Kerahasiaan                                                      Confidentiality
Anggota Komite NR dan GCG wajib menjaga kerahasiaan atas         Members of the NR and GCG Committee must maintain
seluruh dokumen dan/atau informasi Perseroan serta segala        the confidentiality of all Company documents, information,
sesuatu yang berhubungan dengan Perseroan dan pelaksanaan        and matters related to the Company and the Committee’s
tugas Komite. Adapun pengklasifikasian kerahasiaan dokumen       responsibilities. The classification of confidential documents and/
dan/atau informasi Perseroan tersebut mengacu pada ketentuan     or information is subject to the Company’s internal policies and
internal dan peraturan perundang-undangan yang berlaku.          applicable legal regulations.

PENGEMBANGAN KOMPETENSI                                          COMPETENCY DEVELOPMENT
Perseroan mengikutsertakan Komite NR dan GCG dalam kegiatan      The Company ensures the NR and GCG Committee participates in
pengembangan kompetensi sebagai bentuk program untuk             competency development programs to enhance their knowledge
menambah wawasan dan pengetahuan.                                and skills.




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PELATIHAN DAN PENGEMBANGAN
Training and Development

        Nama                       Pelatihan dan Pengembangan                       Tempat dan Tanggal                     Penyelenggara
        Name                         Training and Development                         Place and Date                         Organizer
 Eko Ariantoro           disajikan pada “Profil Dewan Komisaris” dalam bab “Profil Perusahaan” yang terdapat dalam Laporan Tahunan ini.
                         presented in “Profile of the Board of Commissioners” in the “Company Profile” chapter contained in this Annual Report.
 Yudo Irianto            Executive Workshop Governance and Risk               Yogyakarta, 5–6 Juni 2024          Pusat Pengembangan Akuntansi
                                                                              Yogyakarta, June 5–6, 2024         Fakultas Ekonomi dan Bisnis
                                                                                                                 Universitas Indonesia
 Yudo Irianto            Workshop Dewan Komisaris-Komite                      Jawa Barat, 16–17 Oktober 2024 PT Elnusa Tbk
                         Board of Commissioners-Committee Workshop            West Java, October 16–17, 2024
 Agung Wahidin           Company Objective Into Team Performance with         16 Februari 2024                   PT Elnusa Tbk
 Wibisana                “Objective Based KPI”                                February 16, 2024
 Agung Wahidin           Reimagining HR                                       27 Januari 2024                    Alatan
 Wibisana                                                                     January 27, 2024
 Yudo Irianto            Legal Preventive Program: Pengaruh Peraturan         Jakarta, 8 November 2024           PT Elnusa Tbk
 Agung Wahidin           Perundang -undangan yang Diberlakukan untuk          Jakarta, November 8, 2024
 Wibisana                BUMN terhadap Elnusa
                         Legal Preventive Program: Impact of the Prevailing
                         Laws and Regulations for SOE of Indonesia on
                         Elnusa


SERTIFIKASI
Certification

           Nama                              Jenis Sertifikasi Profesi                      Tanggal Sertifikat              Penyelenggara
           Name                                Type of Certification                        Date of Certificate               Organizer
 Eko Ariantoro               Certified Risk Professional                              17 Mei 2024                   Indonesia Risk and Business
                                                                                      May 17, 2024                  Advisory
                             TBOSIET                                                  1-2 Agustus 2024              PT Safety Training Solusindo
                                                                                      August 1-2, 2024


INDEPENDENSI ANGGOTA                                                        INDEPENDENCY OF MEMBER
Seluruh anggota Komite NR dan GCG yang berasal dari pihak                   All members of the NR and GCG Committee who come from
independen tidak memiliki hubungan keuangan, kepengurusan,                  independent parties shall have no financial, management,
kepemilikan saham dan/atau hubungan keluarga dengan Dewan                   share ownership and/or family relationships with the Board
Komisaris, Direksi dan/atau Pemegang Saham pengendali, yang                 of Commissioners, Board of Directors and/or Controlling
dapat mempengaruhi kemampuannya bertindak independen.                       Shareholders, which may keep them from acting independently.

                                                                                                                                      Agung
                                       Aspek Independensi                                       Eko Ariantoro     Yudo Irianto       Wahidin
                                                                                                                                     Wibisana
 Tidak berasal dari pihak yang menduduki jabatan manajerial di bawah Direksi yang                      √               √                √
 membidangi sumber daya manusia
 Not from a party that holds managerial position under the Board of Directors in charge of
 human resources.
 Tidak mempunyai saham langsung maupun tidak langsung di Perusahaan                                    √               √                   √
 Not having direct or indirect shares in the Company
 Tidak mempunyai hubungan Afiliasi dengan anggota Dewan Komisaris, anggota Direksi,                    √               √                   √
 atau Pemegang Saham Utama Perusahaan
 No affiliation with members of the Board of Commissioners, members of the Board of
 Directors, or Major Shareholders of the Company
 Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang berkaitan                     √               √                   √
 dengan kegiatan usaha Perusahaan
 No direct or indirect business relationship related to the Company’s business activities
 Tidak menjabat sebagai pengurus partai politik dan/atau calon/anggota legislatif dan/atau             √               √                   √
 merupakan calon atau menjabat sebagai kepala/wakil kepala pemerintahan daerah;
 Not serving as a political party administrator and/or legislative candidate/member and/or a
 candidate or serving as head/deputy head of a regional government
 Tidak memiliki jabatan lain yang dapat menimbulkan benturan kepentingan terkait dengan                √               √                   √
 jabatan di Perusahaan
 Having no other positions that may cause conflict of interest related to the position in the
 Company
 √ memenuhi | complied




                                                                                                    2024 Annual Report PT ELNUSA Tbk           359
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MASA TUGAS DAN KOMPENSASI                                          TERM OF SERVICE AND COMPENSATION
1. Masa tugas anggota Komite NR dan GCG tidak boleh lebih          1. The term of service for members of the NR and GCG Committee
   lama dari masa jabatan Dewan Komisaris sebagaimana diatur          shall not exceed the tenure of the Board of Commissioners as
   dalam Anggaran Dasar Perseroan dan dapat dipilih kembali           stipulated in the Company’s Articles of Association and may be
   untuk 1 (satu) periode berikutnya.                                 reappointed for one (1) additional term.
2. Apabila masa tugas sebagai Dewan Komisaris berakhir, maka       2. If a member’s tenure on the Board of Commissioners ends,
   berakhir pula masa tugasnya sebagai Anggota Komite NR              their membership in the NR and GCG Committee shall also be
   dan GCG.                                                           terminated.
3. Anggota Komite NR dan GCG yang berasal dari pihak luar diberi   3. External members of the NR and GCG Committee are entitled
   honorarium yang jumlahnya ditetapkan oleh Dewan Komisaris          to an honorarium, the amount of which is determined by
   dengan tetap mengacu pada ketentuan perundangan yang               the Board of Commissioners in compliance with applicable
   berlaku.                                                           regulations.
4. Penggantian anggota Komite NR dan GCG yang bukan berasal        4. Replacement of NR and GCG Committee members who are
   dari Dewan Komisaris dilakukan paling lambat 60 (enam              not part of the Board of Commissioners shall be completed
   puluh) hari sejak anggota Komite NR dan GCG dimaksud tidak         within 60 (sixty) days from the date the respective member
   dapat lagi melaksanakan fungsinya.                                 can no longer perform their duties.
5. Keanggotaan Komite NR dan GCG dapat berakhir sewaktu-           5. Membership in the NR and GCG Committee may be terminated
   waktu sebelum masa jabatan berakhir sesuai Keputusan               at any time before the end of the official term based on a
   Dewan Komisaris.                                                   decision by the Board of Commissioners.

TUGAS DAN TANGGUNG JAWAB                                           DUTIES AND RESPONSIBILITIES
Komite NR dan GCG bertindak secara independen dalam                The NR and GCG Committee shall act independently in carrying
melaksanakan tugas dan tanggung jawabnya. Dalam melaksanakan       out its duties and responsibilities. In carrying out its duties, the NR
tugasnya, Komite NR dan GCG bertanggung jawab kepada Dewan         and GCG Committee is responsible to the Board of Commissioners.
Komisaris.

Terkait dengan Fungsi Nominasi                                     Related to the nomination function
1. Memberikan rekomendasi kepada Dewan Komisaris                   1. Provide recommendations to the Board of Commissioners
   mengenai:                                                          regarding the following:
   a. Komposisi jabatan anggota Direksi dan/atau anggota              a. Composition of positions of members of the Board of
      Dewan Komisaris;                                                    Directors and/or members of the Board of Commissioners;
   b. Kebijakan dan kriteria yang dibutuhkan dalam proses             b. Policies and criteria required in the Nomination process;
      Nominasi; dan                                                       and
   c. Kebijakan evaluasi kinerja bagi anggota Direksi dan/atau        c. Performance evaluation policy for members of the
      anggota Dewan Komisaris.                                            Board of Directors and/or members of the Board of
                                                                          Commissioners.
2. Membantu Dewan Komisaris melakukan penilaian kinerja            2. Assist the Board of Commissioners in assessing the
   anggota Direksi dan/atau anggota Dewan Komisaris.                  performance of members of the Board of Directors and/or
                                                                      members of the Board of Commissioners.
3. Memberikan rekomendasi kepada Dewan Komisaris mengenai          3. Provide recommendations to the Board of Commissioners
   program pengembangan kemampuan anggota Direksi dan/                regarding capacity development programs for members
   atau anggota Dewan Komisaris;                                      of the Board of Directors and/or members of the Board of
                                                                      Commissioners.
4. Memberikan usulan/rekomendasi calon anggota Direksi dan/        4. Provide proposals/recommendations for prospective members
   atau calon anggota Dewan Komisaris yang memenuhi syarat            of the Board of Directors and/or prospective members of
   kepada Dewan Komisaris untuk disampaikan kepada Rapat              the Board of Commissioners who meet the requirements to
   Umum Pemegang Saham;                                               the Board of Commissioners to be submitted to the General
                                                                      Meeting of Shareholders.
5. Dapat memberikan saran kepada Dewan Komisaris mengenai          5. May provide advice to the Board of Commissioners regarding
   Pihak Independen yang akan menjadi kandidat anggota                Independent Parties who will be candidates for members of
   Komite Audit dan Komite Pemantau Risiko dan Investasi;             the Audit Committee and the Risk Monitoring and Investment
                                                                      Committee;




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Terkait dengan Fungsi Remunerasi                                 Regarding Remuneration Function
1. Memberikan rekomendasi kepada Dewan Komisaris mengenai        1. Provide recommendations to the Board of Commissioners
   struktur remunerasi, kebijakan remunerasi, dan besaran           regarding the remuneration structure, remuneration policy,
   remunerasi.                                                      and remuneration amount.
2. Membantu Dewan Komisaris melakukan penilaian kinerja          2. Assist the Board of Commissioners in assessing performance
   dengan kesesuaian remunerasi yang diterima masing-masing         with the suitability of the remuneration received by each
   Anggota Direksi dan/atau Anggota Dewan Komisaris.                Member of the Board of Directors and / or Member of the
                                                                    Board of Commissioners.
3. Struktur remunerasi sebagaimana dimaksud dapat berupa         3. The Remuneration structure as intended can be in the form
   gaji/honorarium, insentif dan/atau tunjangan yang bersifat       of salary/honorarium, incentives and/or allowances that are
   tetap dan/atau variabel.                                         fixed and/or variable.
4. Penyusunan struktur, kebijakan dan besaran remunerasi harus   4. The preparation of the structure, policy and amount of
   memperhatikan:                                                   Remuneration shall pay attention to:
   a. Remunerasi yang berlaku pada industri sesuai dengan           a. Remuneration applicable in the industry in accordance
        kegiatan usaha Perusahaan sejenis dan skala usaha dari          with the business activities of similar companies and the
        Perusahaan dalam industrinya.                                   business scale of the Company in the industry.
   b. Tugas, tanggung jawab dan wewenang Anggota Direksi            b. Duties, responsibilities and authorities of Members of
        dan/atau Anggota Dewan Komisaris dikaitkan dengan               the Board of Directors and / or Members of the Board of
        pencapaian tujuan dan kinerja Perusahaan.                       Commissioners are associated with the achievement of
                                                                        the Company’s goals and performance.
   c. Target kinerja masing-masing Anggota Direksi dan/atau         c. Performance targets of each Member of the Board of
      Anggota Dewan Komisaris.                                          Directors and/or Member of the Board of Commissioners.
   d. Keseimbangan tunjangan antara yang bersifat tetap dan         d. Balance of benefits between fixed and variable.
      bersifat variable.

Terkait dengan Fungsi Good Corporate                             Regarding the Function of Good Corporate
Governance (GCG)                                                 Governance (GCG)
Membantu Dewan Komisaris dalam melakukan pengawasan              The NR and GCG Committee assists the Board of Commissioners in
terhadap pelaksanaan Tata Kelola Perusahaan yang Baik sesuai     overseeing the implementation of Good Corporate Governance in
dengan prinsip-prinsip dasar GCG, di antaranya:                  accordance with fundamental GCG principles, including:
1. Melakukan penelaahan atas pelaksanaan praktik keterbukaan     1. Reviewing the implementation of the Company’s information
    informasi Perusahaan.                                            disclosure practices.
2. Melakukan penelaahan atas tindak lanjut hasil pelaksanaan     2. Reviewing the follow-up actions on the results of GCG
    assessment terhadap implementasi GCG.                            implementation assessments.
3. Mendokumentasikan hasil-hasil pelaksanaan tugas Komite        3. Documenting the outcomes of the Committee’s duties and
    dan melaporkannya kepada Dewan Komisaris secara periodik.        reporting them periodically to the Board of Commissioners.
4. Menjaga independensi dan menghindari adanya benturan          4. Maintaining independence and avoiding conflicts of interest
    kepentingan para Dewan Komisaris dan organ Dewan                 among the Board of Commissioners and its other organs.
    Komisaris yang lain.

Tugas dan Tanggung Jawab Lainnya                                 Other Duties and Responsibilities
1. Melaksanakan tugas lainnya yang diberikan oleh Dewan          1. Carry out other duties assigned by the Board of Commissioners
   Komisaris terkait fungsi nominasi dan remunerasi.                related to the nomination and remuneration function.
2. Melakukan evaluasi terhadap calon wakil Perseroan yang        2. Evaluate candidates for the Company’s representatives who
   akan diusulkan sebagai anggota Direksi atau anggota Dewan        will be proposed as members of the Board of Directors or
   Komisaris Anak Perusahaan Perseroan.                             members of the Board of Commissioners of the Company’s
                                                                    subsidiaries.




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WEWENANG                                                              AUTHORITY
1. Melakukan komunikasi dengan Manajemen dan pihak-pihak              1. Communicating with the Management and other parties in
   lain di Perseroan untuk memperoleh informasi, klarifikasi             the Company to obtain information, clarification and request
   serta meminta dokumen dan laporan yang diperlukan.                    the necessary documents and reports.
2. Mengakses catatan atau informasi tentang karyawan, dana,           2. Access records or information about employees, funds, assets
   aset serta sumber daya perusahaan lainnya yang berkaitan              and other company resources related to the performance of
   dengan pelaksanaan tugasnya.                                          its duties.
3. Komite NR dan GCG atas persetujuan Dewan Komisaris                 3. The NR and GCG Committee, with the approval of the Board
   berhak mendapatkan masukan dan atau saran dari pihak                  of Commissioners, is entitled to obtain input and or advice
   luar Perseroan yang berkaitan dengan tugasnya termasuk                from outside the Company relating to its duties, including
   menunjuk pihak ketiga (orang atau badan usaha) untuk                  appointing third parties (persons or business entities) to assist
   membantu pelaksanaan tugasnya.                                        in carrying out its duties.
4. Melakukan kewenangan lain yang diberikan oleh Dewan                4. Perform other authorities granted by the Board of
   Komisaris.                                                            Commissioners.

HUBUNGAN KERJA                                                        WORK RELATIONSHIPS
Dalam melaksanakan wewenang, tugas dan tanggung jawabnya,             In carrying out its authority, duties, and responsibilities, the NR
Komite NR dan GCG:                                                    and GCG Committee:
1. Bekerja sama dan berkoordinasi dengan Divisi Human Capital,        1. Collaborates and coordinates with the Human Capital Division,
    Divisi Corporate Secretary dan unit kerja terkait lainnya dalam       Corporate Secretary Division, and other relevant units in
    proses menetapkan kebijakan remunerasi yang bersifat                  determining variable remuneration policies for the Board of
    variabel bagi Direksi dan Dewan Komisaris.                            Directors and the Board of Commissioners.
2. Dengan persetujuan dan/atau melalui Dewan Komisaris, dapat         2. With the approval and/or through the Board of Commissioners,
    meminta bantuan pihak luar untuk melakukan pemeriksaan                may seek external assistance for specialized and highly
    yang bersifat khusus dan sangat teknis.                               technical examinations.
3. Berkoordinasi dengan komite-komite lain di bawah Dewan             3. Coordinates with other committees under the Board of
    Komisaris.                                                            Commissioners.
4. Dalam menjalankan tugas dan tanggung jawabnya, anggota             4. In performing its duties and responsibilities, members of the
    Komite NR dan GCG dapat melakukan kunjungan kerja ke                  NR and GCG Committee may conduct field visits.
    lapangan.

PENILAIAN KINERJA (KEY PERFORMANCE                                    PERFORMANCE ASSESSMENT (KEY
INDICATORS)                                                           PERFORMANCE INDICATORS)
Penilaian kinerja Komite NR dan GCG dilakukan setidaknya 1 (satu)     The performance assessment of the NR and GCG Committee
tahun sekali, dengan mempertimbangkan efektivitas Komite NR           is conducted at least once a year, taking into account the
dan GCG dalam menjalankan fungsinya, tingkat kehadiran dalam          effectiveness of the NR and GCG Committee in carrying out its
rapat, dan tingkat pemahaman akan masalah yang dihadapi               functions, the level of attendance at meetings, and the level of
Perusahaan yang diformulasikan dalam bentuk Key Performance           understanding of the problems faced by the Company which are
Indicator (KPI) dan juga AKHLAK Behavior.                             formulated in the form of Key Performance Indicators (KPI) as well
                                                                      as AKHLAK Behavior.

REMUNERASI                                                            REMUNERATION
Remunerasi Komite NR dan GCG ditetapkan dengan mengacu pada           The remuneration of the NR and GCG Committee is determined
Peraturan Menteri Negara Badan Usaha Milik Negara No. PER-3/          by referring to the Regulation of the Minister of State for State-
MBU/03/2023 tentang Organ dan Sumber Daya Manusia Badan               Owned Enterprises No. PER-3/MBU/03/2023 concerning Organs
Usaha Milik Negara yang mengatur terkait penghasilan anggota          and Human Capital of State-Owned Enterprises which regulates
Komite yakni berupa honorarium maksimal sebesar 20% (dua              the income of Committee members, namely in the form of a
puluh persen) dari gaji Direktur Utama Perusahaan dengan              maximum honorarium of 20% (twenty percent) of the salary of
ketentuan pajak ditanggung Perusahaan dan tidak diperkenankan         the Company’s President Director provided that the tax is borne
menerima penghasilan lain selain honorarium tersebut. Anggota         by the Company and no other income other than the honorarium
Dewan Komisaris yang menjadi Ketua/anggota Komite NR dan              is permitted. Members of the Board of Commissioners who are
GCG tidak diberikan penghasilan tambahan dari jabatan tersebut.       Chair/ members of the NR and GCG Committee are not given
                                                                      additional income from that position.




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RAPAT KOMITE NR DAN GCG                                                  MEETINGS OF THE NR AND GCG COMMITTEE

Kebijakan Rapat                                                          Meeting Policies
1. Komite NR dan GCG mengadakan rapat secara berkala paling              1. The NR and GCG Committee holds their regular meetings at
   kurang 1 (satu) kali dalam 4 (empat) bulan;                               least 1 (once) every 4 (four) months;
2. Rapat Komite NR dan GCG dapat mengambil keputusan                     2. The NR and GCG Committee meetings can make decisions
   apabila sekurang-kurangnya dihadiri oleh lebih dari 1/2 (satu             if at least attended by more than 1/2 (one half) of the total
   per dua) dari jumlah anggota termasuk Ketua Komite.                       members including the Committee Chairman.
3. Keputusan rapat komite dilakukan berdasarkan musyawarah               3. Committee meeting decisions are made based on deliberation
   mufakat. Dalam hal tidak terjadi musyawarah mufakat,                      to reach consensus. In the event deliberation and consensus
   pengambilan keputusan dilakukan dengan suara terbanyak;                   are not reached, decisions are then made through a majority
                                                                             vote;
4. Rapat dipimpin oleh Ketua Komite NR dan GCG yang                      4. The meeting is led by the Chairman of the NR and GCG
   merupakan Komisaris Independen.                                           Committee who is an Independent Commissioner.
5. Rapat Komite NR dan GCG dituangkan dalam risalah rapat                5. Meeting of the NR and GCG Committee must benoted in
   yang ditandatangani oleh seluruh anggota Komite NR dan                    the minutes of the meeting signed by all members of the
   GCG yang hadir. Perbedaan pendapat yang terjadi dalam rapat               NR and GCG Committee present. Differences of opinion that
   komite wajib dicantumkan secara jelas dalam risalah rapat                 occur during committee meetings must be stated clearly in
   beserta alasan perbedaan tersebut.                                        the minutes of the meeting along with the reasons for the
                                                                             differences.

Realisasi Rapat                                                          Meeting Realization
Sepanjang tahun 2024 dilakukan 12 (dua belas) kali rapat yang            Throughout 2024, 12 (twelve) meetings were held to discuss one
dalam rapat tersebut dapat dilakukan pembahasan lebih dari satu          or more meeting agenda.
agenda rapat.

Adapun agenda rapat dimaksud adalah sebagai berikut:                     The meeting agenda are as follows:

AGENDA RAPAT KOMITE NR DAN GCG
Meeting Agenda of NR and GCG Committee

 No.                                                                  Agenda

  1    Usulan Komisaris Anak Perusahaan Elnusa
       Elnusa Subsidiary Commissioner Proposal
  2    1. Persiapan Rapat Umum Pemegang Saham Tahunan Tahun Buku 2023 PT Elnusa Tbk
       2. Penilaian Hasil Kinerja Dewan Komisaris, Direksi, dan Komite Penunjang Dewan Komisaris Tahun Buku 2023
       1. Preparation of Annual General Meeting of Shareholders for the Financial Year 2023 of PT Elnusa Tbk
       2. Assessment of the Performance Results of the Board of Commissioners, Board of Directors, and Supporting Committee of the Board of
          Commissioners for the Financial Year 2023
  3    1. Persiapan Rapat Umum Pemegang Saham Tahunan Tahun Buku 2023 PT Elnusa Tbk
       2. Penilaian Hasil Kinerja Dewan Komisaris, Direksi, dan Komite Penunjang Dewan Komisaris Tahun Buku 2023
       1. Preparation of Annual General Meeting of Shareholders for the Financial Year 2023 of PT Elnusa Tbk
       2. Assessment of the Performance Results of the Board of Commissioners, Board of Directors, and Supporting Committee of the Board of
          Commissioners for the Financial Year 2023
  4    Pembahasan Tantiem
       Tantiem Discussion
  5    Pembahasan Tantiem
       Tantiem Discussion
  6    Permohonan Persetujuan atas Usulan Kandidat Direktur Anak Perusahaan
       Request for Approval of Proposed Candidates for Director of Subsidiaries
  7    Pembahasan Organ Pendukung Dewan Komisaris
       Discussion of Supporting Organizations of the Board of Commissioners
  8    Staf Sekretariat Dewan Komisaris
       Board of Commissioners Secretariat Staff




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  9     Pembahasan Pembayaran Tantiem
        Discussion on Tantiem Payment
  10    Tindak Lanjut Pembayaran Tantiem
        Tantiem Payment Follow-up
  11    Pembahasan Biaya Representasi dan Corporate Card
        Discussion on Representation Fee and Corporate Card
  12    Pembahasan Fasilitas Komite
        Facility Committee Discussion


Frekuensi dan Tingkat Kehadiran Rapat Komite                        Frequency and Attendance of NR and GCG
NR dan GCG Selama Tahun 2024                                        Committee Meetings During the Year 2024
Selain Rapat Internal, Komite NR dan GCG juga aktif hadir dan       In addition to Internal Meetings, the NR and GCG Committee also
terlibat dalam Rapat Dewan Komisaris dengan tujuan agar hal-hal     actively attended and participated in Board of Commissioners
yang bersifat substantif dapat segera dilaporkan kepada Dewan       Meetings with the aim that substantive matters could be
Komisaris. Berikut frekuensi dan tingkat kehadiran Rapat Komite     immediately reported to the Board of Commissioners. The
NR dan GCG:                                                         following is the frequency and attendance of the NR and GCG
                                                                    Committee Meetings:


                                                                      Jumlah Rapat Selama
         Nama                                Jabatan                       Menjabat              Kehadiran            Persentase
         Name                                Position                  Number of Meetings        Attendance           Percentage
                                                                         During Office

 Eko Ariantoro             Ketua Komite/Komisaris Utama merangkap                         7                    7               100%
                           Komisaris Independen
                           Committee Chairman/ President
                           Commissioner concurrently Independent
                           Commissioner
 Yudo Irianto              Anggota                                                       12                   12               100%
                           Member
 Agung Wahidin             Anggota                                                       12                   12               100%
 Wibisana                  Member



Rencana Pelaksanaan Rapat Komite NR dan GCG                         Implementation Plan for the 2025 NR and GCG
Tahun 2025                                                          Committee Meetings
Komite NR dan GCG melaksanakan rapat sesuai dengan kebutuhan        The NR and GCG Committee will hold meetings as needed or at
atau minimal 4 (empat) bulan sekali sejalan dengan yang diatur      least once every 4 (four) months as regulated in the Nomination
dalam Piagam Komite NR dan GCG. Selaras dengan cara bekerja         and Remuneration Committee Charter. In line with the new way of
baru (hybrid working) pelaksanaan rapat Komite NR dan GCG           working (hybrid working), the NR and GCG Committee meetings
dapat dilaksanakan baik pertemuan secara fisik atau luring (luar    can be held either physically or offline (outside the network),
jaringan), virtual atau daring (dalam jaringan) maupun hybrid       virtual or online (on the network) or hybrid (physical/offline and
(fisik/luring dan virtual/daring).                                  virtual/online).

PENGUNGKAPAN DAN PELAPORAN                                          DISCLOSURE AND REPORTING
1. Komite NR dan GCG wajib membuat laporan kepada Dewan             1. The NR and GCG Committee is required to submit a report to
   Komisaris atas setiap penugasan yang diberikan.                     the Board of Commissioners on each assigned task.
2. Komite NR dan GCG wajib membuat laporan tahunan                  2. The NR and GCG Committee must prepare an annual report on
   pelaksanaan kegiatan Komite NR dan GCG yang diungkapkan             the committee’s activities, which is disclosed in the Company’s
   dalam Laporan Tahunan Perusahaan.                                   Annual Report.
3. Laporan Komite NR dan GCG tersebut merupakan bagian dari         3. The NR and GCG Committee report is part of the Board of
   laporan pelaksanaan tugas Dewan Komisaris dan disampaikan           Commissioners’ performance report and is presented at the
   dalam Rapat Umum Pemegang Saham.                                    General Meeting of Shareholders.




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Laporan Singkat Pelaksanaan Kegiatan Komite NR                    Summary Report on the Implementation of NR
dan GCG Selama Tahun 2024                                         and GCG Committee Activities in 2024
Selama tahun 2024, Komite NR dan GCG telah melaksanakan tugas     Throughout 2024, the NR and GCG Committee carried out its duties
dan tanggung jawabnya dalam rangka membantu pelaksanaan           and responsibilities in assisting the Board of Commissioners. The
tugas Dewan Komisaris. Mekanisme pelaksanaan kegiatan/tugas       implementation mechanism was conducted through NR and GCG
Komite NR dan GCG dilakukan melalui pelaksanaan Rapat Komite      Committee meetings as well as reviews and evaluations outside
NR dan GCG maupun penelaahan/evaluasi/reviu di luar forum         the meeting forum. The results were submitted to the Board of
rapat yang hasilnya disampaikan kepada Dewan Komisaris sebagai    Commissioners in the form of reports and recommendations,
laporan dan rekomendasi baik secara tertulis maupun dalam         either in writing or presented during Board of Commissioners
forum Rapat Dewan Komisaris.                                      meetings.

Pelaksanaan kegiatan Komite NR dan GCG tersebut secara umum       The implementation of the NR and GCG Committee’s activities in
antara lain:                                                      general includes, among others:
1. Pelaksanaan tugas nominasi:                                    1. Nomination Duties:
    a. Melakukan reviu/penelaahan terhadap calon pengurus             a. Reviewing candidates for management positions from
         yang berasal dari pihak internal Perseroan serta                 within the Company and providing recommendations
         memberikan usulan/rekomendasi mengenai calon                     on eligible candidates for the General Meeting of
         pengurus yang memenuhi persyaratan untuk diusulkan               Shareholders (GMS).
         dalam RUPS.
    b. Melakukan reviu/penelaahan terhadap para calon                 b. Reviewing candidates for subsidiary management
         pengurus Anak Perusahaan yang akan diusulkan kepada             positions to be proposed to Subholding Upstream.
         Subholding Upstream.
    c. Sebagai fasilitator pelaksanaan penilaian kinerja Dewan       c. Acting as a facilitator for performance assessments of
         Komisaris, Direksi, dan Komite-komite di bawah Dewan           the Board of Commissioners, Directors, and committees
         Komisaris.                                                     under the Board of Commissioners.
2. Pelaksanaan tugas remunerasi:                                  2. Remuneration Duties:
    a. Melakukan evaluasi atas sistem/kebijakan remunerasi           a. Evaluating the remuneration system and policies for
         bagi anggota Direksi dan Dewan Komisaris.                      members of the Board of Directors and the Board of
                                                                        Commissioners.
   b. Menelaah usulan tantiem untuk tahun buku 2023 dan              b. Reviewing proposed bonuses (tantiem) for the 2023
      remunerasi Direksi dan Dewan Komisaris untuk tahun                financial year and the remuneration for the Board of
      buku 2024 untuk disampaikan kepada Dewan Komisaris                Directors and Board of Commissioners for the 2024
      dan untuk selanjutnya diusulkan dalam RUPS.                       financial year before submitting them to the Board of
                                                                        Commissioners for further approval in the GMS.

KODE ETIK KERAHASIAAN                                             CONFIDENTIALITY CODE OF CONDUCT
1. Anggota Komite NR dan GCG yang masih atau yang sudah tidak     1. Members of the NR and GCG Committee who are still or who
   menjabat lagi sebagai Anggota Komite NR dan GCG, wajib            no longer serve as Members of the NR and GCG Committee,
   menjaga kerahasiaan dokumen, data dan informasi Perseroan         must maintain the confidentiality of the Company’s
   yang diperoleh sewaktu menjabat sebagai Anggota Komite NR         documents, data and information obtained while serving as
   dan GCG, baik dari pihak internal maupun pihak eksternal dan      Members of the NR and GCG Committee, both from internal
   hanya digunakan untuk kepentingan pelaksanaan tugasnya.           and external parties and only used for the purpose of carrying
                                                                     out their duties.
2. Anggota Komite NR dan GCG dilarang menyalahgunakan             2. Members of the NR and GCG Committee are prohibited from
   informasi penting yang berkaitan dengan kepentingan               misusing important information relating to the Company’s
   Perusahaan untuk kepentingan pribadi.                             interests for personal gain.
3. Anggota Komite NR dan GCG dalam melaksanakan tugas dan         3. Members of the NR and GCG Committee in carrying out their
   tanggung jawabnya wajib mentaati Kode Etik Perusahaan.            duties and responsibilities must comply with the Company’s
                                                                     Code of Ethics.




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KEBIJAKAN SUKSESI DIREKSI                                            BOARD OF DIRECTORS SUCCESSION POLICY
Perseroan memiliki komitmen untuk mencapai pertumbuhan               The Company is committed to achieving sustainable business
usaha yang berkelanjutan, termasuk kesinambungan pengelolaan         growth, ensuring continuity in corporate management through
perusahaan oleh pemimpin yang profesional, berintegritas,            professional leaders with integrity, dedication, and competence in
berdedikasi dan memiliki kompetensi dalam menjalankan kegiatan       running the Company’s operations.
operasional Perusahaan.

Sebagaimana tercantum dalam POJK No. 33/POJK.04/2014,                As stipulated in POJK No. 33/POJK.04/2014, proposals for the
usulan pengangkatan, pemberhentian, dan/atau penggantian             appointment, dismissal, and/or replacement of Board of Directors
anggota Direksi kepada RUPS harus memperhatikan rekomendasi          members in the General Meeting of Shareholders (RUPS) must
dari Dewan Komisaris atau Komite yang menjalankan fungsi             consider recommendations from the Board of Commissioners or
nominasi. Dalam hal ini, Perseroan memiliki Komite NR dan GCG        the committee responsible for the nomination function. In this
yang memiliki peran dalam proses pencalonan Anggota Direksi          regard, the Company has the NR and GCG Committee, which plays
Perseroan.                                                           a role in the nomination process for Board of Directors candidates.

Lebih lanjut diatur dalam peraturan internal sumber nominasi         It is further stipulated in the internal regulations that the source of
anggota Direksi dapat berasal dari:                                  nomination for members of the Board of Directors can come from:
a. Anggota Direksi Anak Perusahaan yang sedang menjabat;             a. Current members of the Board of Directors of Subsidiaries.
b. Pejabat internal Perusahaan setingkat di bawah Direksi;           b. Internal executives one level below the Board of Directors.
c. Sumber lain yang telah memiliki reputasi yang baik, relevan       c. Other reputable and relevant sources that can be
    dan dapat dipertanggungjawabkan.                                       accounted for.

Komite NR dan GCG berperan dalam proses pengusulan calon             The NR and GCG Committee plays a crucial role in the nomination
anggota Direksi yang berasal dari internal Perseroan, yaitu proses   process for internal candidates, conducting a Fit and Proper Test
Fit and Proper Test untuk calon yang merupakan pejabat 1 (satu)      for executives one level below the Board of Directors who have
level di bawah Direksi yang telah memenuhi kualifikasi melalui       met the qualifications. This assessment is carried out by an
assessment yang dilakukan oleh Lembaga Independen.                   independent institution to ensure competency and suitability.




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Komite Pemantau Risiko dan Investasi
   Risk and Investment Monitoring Committee

Dewan Komisaris membentuk Komite Pemantau Risiko dan               The Board of Commissioners formed the Risk and Investment
Investasi dalam rangka membantu Dewan Komisaris untuk              Monitoring Committee to assist the Board of Commissioners to
memantau dan memastikan bahwa Direksi telah menetapkan             monitor and ensure that the Board of Directors has established the
kebijakan, prinsip dan sistem pengelolaan manajemen risiko         Company’s risk management policies, principles and management
Perseroan serta melaksanakannya secara konsisten dalam seluruh     system and implement them consistently in all aspects of the
aspek kegiatan perusahaan.                                         company’s activities.

LANDASAN HUKUM                                                     LEGAL BASIS
1. Undang-undang No. 40 Tahun 2007 tanggal 16 Agustus 2007         1. Law No. 40 of 2007 dated August 16, 2007 concerning Limited
   tentang Perseroan Terbatas.                                        Liability Companies.
2. Undang-Undang No. 21 Tahun 2011 tanggal 22 November             2. Law No. 21 of 2011 dated November 22, 2011 regarding the
   2011 tentang Otoritas Jasa Keuangan.                               Financial Services Authority.
3. Peraturan Otoritas Jasa Keuangan No. 33/POJK.04/2014            3. Financial Services Authority Regulation No. 33/POJK.04/2014
   tanggal 8 Desember 2014 tentang Direksi dan Dewan                  dated December 8, 2014 regarding the Board of Directors and
   Komisaris Emiten atau Perusahaan Publik.                           Board of Commissioners of Issuers or Public Companies.
4. Anggaran Dasar Perseroan yang telah beberapa kali diubah        4. Articles of Association of the Company which have been
   dan terakhir berdasarkan Akta Pernyataan Keputusan Rapat           amended several times and most recently based on Deed of
   dan Perubahan Anggaran Dasar No. Dasar No. 8 tanggal 17            Meeting Resolution and Amendment to Articles of Association
   Oktober 2022 yang dibuat oleh Notaris Aryanti Artisari, S.H.,      No. 8 dated October 17, 2022 made by Notary Aryanti Artisari,
   M.Kn. di Jakarta.                                                  S.H., M.Kn. in Jakarta.

PIAGAM KOMITE PEMANTAU RISIKO DAN                                  CHARTER OF THE RISK AND INVESTMENT
INVESTASI                                                          MONITORING COMMITTEE
Komite Pemantau Risiko dan Investasi memiliki piagam sebagai       The Risk Monitoring and Investment Committee has a charter as
pedoman sebagai pedoman bagi Komite Pemantau Risiko                a guideline for the Risk Monitoring and Investment Committee
dan Investasi dalam melaksanakan tugas dan tanggung jawab          in carrying out its duties and responsibilities effectively,
secara efektif, efisien, transparan, independen dan dapat          efficiently, transparently, independently and accountably. The
dipertanggungjawabkan. Piagam tersebut secara terus-menerus        charter is continuously refined and updated in accordance with
disempurnakan dan diperbarui sesuai dengan perkembangan/           developments/changes in the prevailing laws and regulations
perubahan peraturan perundang-undangan yang berlaku serta          and current conditions. The last update/refinement of the Risk
kondisi terkini. Pembaruan/penyempurnaan atas Piagam Komite        Monitoring and Investment Committee Charter was conducted
Pemantau Risiko dan Investasi terakhir dilakukan pada bulan        in June 2024. The Risk Monitoring and Investment Committee
Juni tahun 2024. Piagam Komite Pemantau Risiko dan Investasi       Charter contains, among others:
tersebut memuat antara lain:
1. Tujuan umum;                                                    1. General objectives;
2. Landasan hukum;                                                 2. Legal basis;
3. Pengangkatan dan Pemberhentian Anggota Komite                   3. Appointment and Dismissal of Committee Members
4. Komposisi dan struktur;                                         4. Composition and structure
5. Persyaratan keanggotaan;                                        5. Membership requirements;
6. Masa tugas dan kompensasi;                                      6. Term of service and compensation;
7. Tugas dan tanggung jawab;                                       7. Duties and responsibilities;
8. Wewenang;                                                       8. Authority;
9. Hubungan kerja;                                                 9. Working relationship;
10. Rapat Komite;                                                  10. Committee meetings
11. Pengungkapan dan pelaporan;                                    11. Disclosure and reporting;
12. Kode etik kerahasiaan                                          12. Code of conduct on confidentiality




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PENGANGKATAN DAN PEMBERHENTIAN                                       APPOINTMENT AND DISMISSAL OF
ANGGOTA KOMITE                                                       COMMITTEE MEMBERS
Anggota Komite Pemantau Risiko dan Investasi diangkat dan            Members of the Risk and Investment Monitoring Committee are
diberhentikan oleh Dewan Komisaris berdasarkan Ketetapan             appointed and dismissed by the Board of Commissioners based
Rapat Dewan Komisaris, serta ditetapkan melalui Surat Keputusan      on the Resolution of the Board of Commissioners Meeting and are
Dewan Komisaris.                                                     formalized through a Decree of the Board of Commissioners.

KOMPOSISI DAN STRUKTUR                                               COMPOSITION AND STRUCTURE
1. Komite Pemantau Risiko dan Investasi paling kurang terdiri dari   1. The Risk and Investment Monitoring Committee shall consist
   3 (tiga) orang anggota yaitu 1 (satu) orang ketua merangkap          of at least three (3) members, including one (1) chairperson
   anggota yang merupakan anggota Dewan Komisaris                       who also serves as a member and is a member of the Board
   merangkap sebagai ketua dan anggota komite lainnya dapat             of Commissioners, while the other committee members may
   berasal dari anggota Dewan Komisaris dan pihak yang berasal          come from the Board of Commissioners or external parties
   dari luar Perseroan.                                                 outside the Company.
2. Dalam hal anggota Komite Pemantau Risiko dan Investasi            2. If the number of members in the Risk and Investment
   ditetapkan lebih dari 3 (tiga) orang, maka mayoritas anggota         Monitoring Committee exceeds three (3), the majority of the
   merupakan pihak Independen.                                          members shall be Independent parties.



Susunan Komite Pemantau Risiko dan Investasi                         Composition of the Risk Monitoring and
                                                                     Investment Committee
Susunan Komite Pemantau Risiko dan Investasi per 31 Desember         The composition of the Risk Monitoring and Investment Committee
2024 adalah sebagai berikut:                                         as of December 31, 2024 is as follows:


         Nama                    Jabatan                      Dasar Pengangkatan                Masa Jabatan       Periode Jabatan
         Name                    Position                     Basis of Appointment              Term of Office    Period of Position

 Nur Endro Buwono        Ketua Komite/Komisaris   SK Dewan Komisaris No. 003 Tahun 2024          2024-2027              Ke-1
                         Committee Chairman/      Decree of the Board of Commissioners                                   1st
                         Commissioner             No. 003 of Year 2024
 Ariana Soemanto         Anggota                  SK Dewan Komisaris No. 003 Tahun 2024          2024-2027              Ke-1
                         Member                   Decree of the Board of Commissioners                                   1st
                                                  No. 003 of Year 2024
 Taufiq Martakusuma      Anggota                  SK Dewan Komisaris No. 002 Tahun 2022          2022-2025              Ke-1
                         Member                   Decree of the Board of Commissioners                                   1st
                                                  No. 002 of Year 2022
 Widianto Soepeno        Anggota                  SK Dewan Komisaris No. 004 Tahun 2023          2023-2026              Ke-1
                         Member                   Decree of the Board of Commissioners                                   1st
                                                  No. 004 of Year 2023




Profil Anggota Komite Pemantau Risiko dan                            Profile of the Risk and Investment Monitoring
Investasi                                                            Committee

Nur Endro Buwono                                                     Nur Endro Buwono
Ketua Komite Pemantau Risiko dan Investasi                           Chairman of the Risk an Investment Monitoring Committee

Profil disajikan pada “Profil Dewan Komisaris” dalam bab “Profil     Profile is available in the section on “Profile of the Board of
Perusahaan” yang terdapat dalam Laporan Tahunan ini.                 Commissioners” in the chapter on “Company Profile” contained
                                                                     in this Annual Report.

Ariana Soemanto                                                      Ariana Soemanto
Anggota Komite Pemantau Risiko dan Investasi                         Member of the Risk an Investment Monitoring Committee

Profil disajikan pada “Profil Dewan Komisaris” dalam bab “Profil     Profile is available in the section on “Profile of the Board of
Perusahaan” yang terdapat dalam Laporan Tahunan ini.                 Commissioners” in the chapter on “Company Profile” contained
                                                                     in this Annual Report.




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TAUFIQ MARTAKUSUMA
Anggota Komite Pemantau Risiko dan Investasi
Member of the Risk an Investment Monitoring Committee

DATA PRIBADI | PERSONAL DATA
Warga Negara Indonesia | Indonesian Citizen
Usia 58 tahun per 31 Desember 2024 | Age 58 years old as of December 31, 2024
Domisili Jakarta | Domicile Jakarta




Dasar Hukum                Surat Keputusan Dewan Komisaris            Decree of the Board of Commissioners
Penunjukan                 No. 002 Tahun 2022                         No. 002 of Year 2022
Legal Basis of
Appointment
Periode Jabatan            2022–2025, Periode Ke-1                    2022–2025, 1st Period
Term of Office
Pendidikan                 • Sarjana Ekonomi Akuntansi, Sekolah       • Bachelor (Sarjana) of Economics
Education                    Tinggi Ilmu Ekonomi Nasional               in Accounting, Indonesia National
                             Indonesia, Jakarta (1997)                  College of Economics, Jakarta (1997)
                           • Magister Administrasi Publik, Sekolah    • Master (Magister) in Public
                             Tinggi Ilmu Administrasi, Lembaga          Administration, College of
                             Administrasi Negara, Jakarta (2015)        Administration, Lembaga Administrasi
                                                                        Negara, Jakarta (2015)
Pengalaman Kerja           • Koordinator Pengawasan dan               • Coordinator of Natural Gas Monitoring
Work Experience              Pengelolaan Informasi Gas Bumi, BPH        and Information Management, BPH
                             Migas, KESDM (2022-saat ini)               Migas, MEMR (2022-current)
                           • Koordinator Penatausahaan Barang         • Coordinator of State Property
                             Milik Negara, Sekretariat Jenderal,        Administration, Secretariat
                             Pusat Pengelolaan Barang Milik             General, Center for State Property
                             Negara KESDM (2020–2022)                   Management, MEMR (2020-2022)
                           • Kepala Bidang Penatausahaan Barang       • Head of State Property Administration
                             Milik Negara, Sekretariat Jenderal,        Division, Secretariat General, Center
                             Pusat Pengelolaan Barang Milik             for State Property Management
                             Negara KESDM (2019–2020)                   KESDM (2019–2020)
                           • Kepala Bagian Umum dan Hukum,            • Head of General and Legal Affairs,
                             Sekretariat Badan Pengembangan             Human Resources Development
                             Sumber Daya Manusia, KESDM (2019)          Agency Secretariat, KESDM (2019)
                           • Kepala Bagian Keuangan, Sekretariat      • Head of Finance, Secretariat of the
                             Direktorat Jenderal Minyak dan Gas         Directorate General of Oil and Gas,
                             Bumi, KESDM (2015–2019)                    KESDM (2015–2019)
                           • Kepala Subbagian Akuntansi,              • Head of Accounting Subdivision,
                             Sekretariat Direktorat Jenderal Minyak     Secretariat of the Directorate General
                             dan Gas Bumi, KESDM (2011–2015)            of Oil and Gas, KESDM (2011–2015)
                           • Kepala Subbagian Akuntansi dan           • Head of Accounting and Reporting
                             Pelaporan, Sekretariat Direktorat          Subdivision, Secretariat of the
                             Jenderal Minyak dan Gas Bumi,              Directorate General of Oil and Gas,
                             KESDM (2007–2011)                          KESDM (2007–2011)
Rangkap Jabatan            • Koordinator Pengawasan dan               • Coordinator of Natural Gas Monitoring
Concurrent Position          Pengelolaan Informasi Gas Bumi, BPH        and Information Management, BPH
                             Migas, KESDM (2022-saat ini)               Migas, MEMR (2022-current)
                           • Analis Kebijakan Ahli Madya, KESDM       • Intermediate Expert Policy Analyst,
                             (2020–sekarang)                            KESDM (2020–present)
Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan    Has no affiliation with other members of
Affiliated Relationships   anggota Dewan Komisaris lainnya,           the Board of Commissioners, the Board
                           Direksi, dan Pemegang Saham Utama          of Directors, and Major Shareholders
Kepemilikan Saham          Nihil                                      Nil
ELSA
ELSA Share Ownership




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                                       WIDIANTO SOEPENO
                                       Anggota Komite Pemantau Risiko dan Investasi
                                       Member of the Risk an Investment Monitoring Committee

                                       DATA PRIBADI | PERSONAL DATA
                                       Warga Negara Indonesia | Indonesian Citizen
                                       Usia 58 tahun per 31 Desember 2024 | Age 58 years old as of December 31, 2024
                                       Domisili Jakarta | Domicile Jakarta


                                        Dasar Hukum                Surat Keputusan Dewan Komisaris           Decree of the Board of Commissioners
                                        Penunjukan                 No. 004 Tahun 2023                        No. 004 of Year 2023
                                        Legal Basis of
                                        Appointment
                                        Periode Jabatan            2023–2026, Periode Ke-1                   2023–2026, 1st Period
                                        Term of Office
                                        Pendidikan                 Teknik Perminyakan, Universitas           Petroleum Engineering, Veteran National
                                        Education                  Pembangunan Nasional Veteran,             Development University, Yogyakarta
                                                                   Yogyakarta
                                        Pengalaman Kerja           • BOD & General Manager PT Samudra        • General Manager of PT Samudra
                                        Work Experience              Energy BWPMeruap (KSO Pertamina)          Energy-BWPMeruap (KSO Pertamina)
                                                                     (2016–2022)                               (2016–2022)
                                                                   • President Commissioner PT Obsidian      • President Commissioner of
                                                                     Muara Mandiri (Seismic Services)          PT Obsidian Muara Mandiri (Seismic
                                                                     (2010–2016)                               Services) (2010–2016)
                                                                   • Director PT Geo Link Nusantara          • Director of PT Geo Link Nusantara
                                                                     (Drilling & Workover Services)            (Drilling & Workover Services)
                                                                     (2006–2011)                               (2006–2011)
                                                                   • Operation Director PT Batam Dwi         • Operation Director % General
                                                                     Karya & General Manager PT Barata         Manager of PT Barata Nusatama
                                                                     Nusatama Prima (Drilling & Workover       Prima (Drilling & Workover Services)
                                                                     Services) (2005–2007)                     (2005–2007)
                                                                   • Operation Manager & Acting General      • Operation Manager & Acting General
                                                                     Manager PT Prakarsa Betung Meruo          Manager of PT Prakarsa Betung Meruo
                                                                     Senami (TAC Pertamina) (2004–2005)        Senami (TAC Pertamina) (2004–2005)
                                                                   • Sr. Drilling Engineer PT Jasa Karya     • Sr. Drilling Engineer of PT Jasa Karya
                                                                     Utama (Drilling & Workover Services)      Utama (Drilling & Workover Services)
                                                                     (2001–2004)                               (2001–2004)
                                                                   • Petroleum/Drilling Engineer GAT         • Petroleum/Drilling Engineer at GAT
                                                                     Bangkudulis Petroleum Company Ltd.        Bangkudulis Petroleum Company Ltd.
                                                                     (TAC Pertamina) (1997–2001)               (TAC Pertamina) (1997–2001)
                                                                   • Petroleum Engineer PT Tri Jaya          • Petroleum Engineer at PT Tri
                                                                     Gasanugraha (Consultant)                  Jaya Gasanugraha (Consultant)
                                                                     (1993– 1997)                              (1993– 1997)
                                        Rangkap Jabatan            Tidak ada                                 None
                                        Concurrent Position
                                        Hubungan Afiliasi          Tidak memiliki hubungan afiliasi dengan   Has no affiliation with other members of
                                        Affiliated Relationships   anggota Dewan Komisaris lainnya,          the Board of Commissioners, the Board
                                                                   Direksi, dan Pemegang Saham Utama         of Directors, and Major Shareholders
                                        Kepemilikan Saham          Nihil                                     Nil
                                        ELSA
                                        ELSA Share Ownership




PERSYARATAN KEANGGOTAAN                                                    MEMBERSHIP REQUIREMENTS

Persyaratan Umum                                                           General requirements
1. Memiliki integritas, akhlak dan moral yang baik.                        1. Have integrity, good character and morals.
2. Mampu bekerja sama dan memiliki kemampuan berkomunikasi                 2. Able to work together and have the ability to communicate
   dengan baik dan efektif serta bersedia menyediakan waktu                   well and effectively and willing to provide sufficient time to
   yang cukup untuk melaksanakan tugasnya.                                    carry out their duties.
3. Tidak memiliki kepentingan/keterkaitan pribadi yang dapat               3. Have no personal interest/relationship that may cause conflict
   menimbulkan conflict of interest terhadap Perseroan.                       of interest to the Company.

Persyaratan Kompetensi                                                     Competency Requirements
1. Memiliki keahlian, kemampuan, pengetahuan dan pengalaman                1. Possess adequate expertise, skills, knowledge, and experience
   yang memadai yang berhubungan dengan tugas dan tanggung                    relevant to their duties and responsibilities.
   jawabnya.
2. Sekurang-kurangnya salah satu Anggota Komite harus                      2. At least one committee member must have an educational
   memiliki latar belakang dan kompetensi dalam pendidikan                    background and competency in risk management, accounting,
   atau memiliki keahlian dalam bidang manajemen risiko,                      and/or finance, or the oil & gas sector.
   akuntansi dan/atau keuangan, oil & gas.



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3. Memiliki pengetahuan yang memadai tentang bisnis dan              3. Have sufficient knowledge of the company’s business, Articles
   Anggaran Dasar Perseroan, peraturan perundangan di bidang            of Association, capital market regulations, and other relevant
   Pasar Modal dan peraturan perundangan terkait lainnya.               laws and regulations.
4. Bersedia meningkatkan kompetensi secara terus – menerus           4. Willing to continuously enhance competencies through
   melalui pendidikan dan pelatihan.                                    education and training.

Persyaratan Independen bagi Komite Pemantau                          Independence Criteria for Members of Risk and
Risiko dan Investasi yang Berasal dari Pihak                         Investment Monitoring Committee
Independen
1. Tidak memiliki saham baik langsung maupun tidak langsung          1. Do not own shares in the company, either directly or indirectly.
   pada Perusahaan.
2. Tidak mempunyai hubungan usaha baik langsung maupun               2. Have no business relationship, either directly or indirectly,
   tidak langsung yang berkaitan dengan kegiatan usaha                  related to the Company’s business activities.
   Perusahaan.
3. Tidak mempunyai hubungan afiliasi dengan Perusahaan,              3. Have no affiliation with the Company, members of the Board
   Anggota Dewan Komisaris, Anggota Direksi atau pemegang               of Commissioners, members of the Board of Directors, or the
   saham utama Perusahaan.                                              company’s major shareholders.
4. Bukan merupakan orang yang bekerja atau mempunyai                 4. Are not individuals who have worked for or had authority and
   wewenang dan tanggung jawab untuk merencanakan,                      responsibility in planning, leading, controlling, or supervising
   memimpin, mengendalikan atau mengawasi Perusahaan ini                the company within six (6) months before being appointed by
   dalam waktu 6 (enam) bulan sebelum diangkat oleh Dewan               the Board of Commissioners
   Komisaris.

Kerahasiaan                                                          Confidentiality
Anggota Komite wajib menjaga kerahasiaan atas seluruh                Committee members are required to maintain the confidentiality
dokumen dan/atau informasi Perseroan serta segala sesuatu            of all company documents and/or information, as well as all matters
yang berhubungan dengan Perseroan dan pelaksanaan tugas              related to the company and the execution of the Committee’s
Komite. Adapun pengklasifikasian kerahasiaan dokumen dan/atau        duties. The classification of confidential company documents and/
informasi Perseroan tersebut mengacu pada ketentuan internal         or information shall adhere to internal regulations and applicable
dan peraturan perundang-undangan yang berlaku.                       laws and regulations.

PENGEMBANGAN KOMPETENSI                                              COMPETENCY DEVELOPMENT
Perseroan memfasilitasi pelaksanaan program pengembangan             The Company facilitates the implementation of development
bagi Komite Pemantau Risiko dan Investasi dalam rangka               programs for the Risk and Investment Monitoring Committee in
meningkatkan kompetensi anggota Komite Pemantau Risiko dan           order to enhance the competency of the Risk Monitoring and
Investasi. Program ini diharapkan mampu memberikan dampak            Investment Committee members. This program is expected to
positif terhadap produktivitas dan efektivitas kinerja Komite        have a positive impact on the productivity and effectiveness of the
Pemantau Risiko dan Investasi.                                       Risk and Investment Monitoring Committee’s performance.

PELATIHAN DAN PENGEMBANGAN
Training and Development

        Nama                  Pelatihan dan Pengembangan                  Tempat dan Tanggal                    Penyelenggara
        Name                    Training and Development                    Place and Date                        Organizer

 Nur Endro Buwono      disajikan pada “Profil Dewan Komisaris” dalam bab “Profil Perusahaan” yang terdapat dalam Laporan Tahunan ini.
                       presented in “Profile of the Board of Commissioners” in the “Company Profile” chapter contained in this Annual
                       Report.
 Widianto Soepeno      Executive Workshop Governance and Risk         Yogyakarta, 5–6 Juni 2024      Pusat Pengembangan Akuntansi
                                                                      Yogyakarta, June 5–6, 2024     Fakultas Ekonomi dan Bisnis
                                                                                                     Universitas Indonesia
                                                                                                     Accounting Development Center,
                                                                                                     Faculty of Economics and Business,
                                                                                                     University of Indonesia
 Widianto Soepeno      Workshop Dewan Komisaris-Komite                Jawa Barat, 16–17 Oktober      PT Elnusa Tbk
                       Board of Commissioners-Committee               2024
 Taufiq Martakusuma
                       Workshop                                       West Java, October 16–17,
                                                                      2024




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           Nama                      Pelatihan dan Pengembangan                     Tempat dan Tanggal                  Penyelenggara
           Name                        Training and Development                       Place and Date                      Organizer

 Nur Endro Buwono           Legal Preventive Program: Pengaruh Peraturan         Jakarta, 8 November 2024     PT Elnusa Tbk
                            Perundang -undangan yang Diberlakukan                Jakarta, November 8, 2024
 Widianto Soepeno
                            untuk BUMN terhadap Elnusa
                            Legal Preventive Program: Impact of the
                            Prevailing Laws and Regulations for SOE of
                            Indonesia on Elnusa



SERTIFIKASI
Certification

           Nama                      Jenis Sertifikasi Profesi            Tanggal Sertifikat                     Penyelenggara
           Name                        Type of Certification              Date of Certificate                      Organizer

 Nur Endro Buwono           disajikan pada “Profil Dewan Komisaris” dalam bab “Profil Perusahaan” yang terdapat dalam Laporan Tahunan ini.
                            presented in “Profile of the Board of Commissioners” in the “Company Profile” chapter contained in this Annual
                            Report.
 Widianto Soepeno           Certified in Enterprise Risk Governance      2023                   Enterprise Risk Management Academy (ERMA)




INDEPENDENSI ANGGOTA                                                            INDEPENDENCY OF THE MEMBERS
Seluruh anggota Komite Pemantau Risiko dan Investasi yang                       All members of the Risk and Investment Monitoring Committee
berasal dari pihak independen tidak memiliki hubungan keuangan,                 who are from independent parties have no financial, management,
kepengurusan, kepemilikan saham dan/atau hubungan keluarga                      share ownership and/or family relationships with the Board of
dengan Dewan Komisaris, Direksi dan/atau Pemegang Saham                         Commissioners, Directors and/or controlling Shareholders, which
pengendali, yang dapat mempengaruhi kemampuannya bertindak                      could keep the from acting independently..
independen.


                            Aspek Independensi                                     Nur Endro         Ariana          Taufiq         Widianto
                           Independency Aspect                                      Buwono         Soemanto       Martakusuma       Soepeno

 Tidak mempunyai saham langsung maupun tidak langsung di Perseroan                     √                 √              √               √
 Having not direct nor indirect share of the Company.
 Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung                    √                 √              √               √
 yang berkaitan dengan kegiatan usaha Perseroan
 Having no direct or indirect business relationship related to the
 Company’s business activities
 Tidak menjabat sebagai pengurus partai politik dan/atau calon/anggota                 √                 √              √               √
 legislatif dan/atau merupakan calon atau menjabat sebagai kepala/wakil
 kepala pemerintahan daerah;
 Not serving as a political party administrator and/or legislative candidate/
 member and/or being a candidate or serving as head/deputy head of
 regional government.
 Tidak memiliki jabatan lain yang dapat menimbulkan benturan                           √                 √              √               √
 kepentingan terkait dengan jabatan di Perseroan
 Not having other positions that may cause conflict of interest related to
 positions in the Company.
 Keterangan | Notes:
 √: memenuhi | complied



MASA TUGAS DAN KOMPENSASI                                                       TENURE AND COMPENSATION
1. Masa tugas anggota Komite Pemantau Risiko dan Investasi                      1. The term of office of the members of the Risk Monitoring and
   tidak boleh lebih lama dari masa jabatan Dewan Komisaris                        Investment Committee shall not exceed the term of office of
   sebagaimana diatur dalam Anggaran Dasar dan dapat dipilih                       the Board of Commissioners as stipulated in the Articles of
   kembali untuk 1 (satu) periode berikutnya.                                      Association and may be re-elected for 1 (one) subsequent
                                                                                   period.
2. Apabila masa tugas sebagai Dewan Komisaris berakhir,                         2. When the term of service as a member of the Board of
   maka berakhir pula masa tugasnya sebagai Anggota Komite                         Commissioners ends, the term of service as a member of the
   Pemantau Risiko dan Investasi.                                                  Risk Monitoring and Investment Committee also ends.




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3. Anggota Komite Pemantau Risiko dan Investasi yang berasal          3. Members of the Risk Monitoring and Investment Committee
   dari pihak luar diberi honorarium yang jumlahnya ditetapkan           who come from outside parties are given honorarium, the
   oleh Dewan Komisaris dengan tetap mengacu pada ketentuan              amount of which is determined by the Board of Commissioners
   perundangan yang berlaku.                                             with reference to the prevailing laws and regulations.
4. Penggantian anggota Komite Pemantau Risiko dan Investasi           4. Replacement of members of the Risk and Investment
   yang bukan berasal dari Dewan Komisaris dilakukan paling              Monitoring Committee who are not from the Board of
   lambat 60 (enam puluh) hari sejak anggota Komite Pemantau             Commissioners shall be carried out no later than 60 (sixty)
   Risiko dan Investasi dimaksud tidak dapat lagi melaksanakan           days since the member of the Risk and Investment Monitoring
   tugasnya.                                                             Committee in question can no longer carry out his/her duties.
5. Keanggotaan Komite dapat berakhir sewaktu-waktu sebelum            5. The membership of the Committee may be terminated at any
   masa jabatan berakhir sesuai Keputusan Dewan Komisaris.               time prior to the expiration of the term of office in accordance
                                                                         with the decision of the Board of Commissioners.

TUGAS DAN TANGGUNG JAWAB                                              DUTIES AND RESPONSIBILITIES
Komite Pemantau Risiko dan Investasi bertindak secara                 The Risk and Investment Monitoring Committee shall act
independen dalam melaksanakan tugas dan tanggung jawabnya.            independently in carrying out its duties and responsibilities.
Dalam melaksanakan tugasnya, Komite Pemantau Risiko dan               In carrying out its duties, the Risk and Investment Monitoring
Investasi bertanggung jawab kepada Dewan Komisaris.                   Committee is responsible to the Board of Commissioners.
1. Melakukan reviu atas permohonan persetujuan Direksi kepada         1. Reviewing the request for approval from the Board of
    Dewan Komisaris atas rencana investasi dan rencana aksi               Directors to the Board of Commissioners for investment plans
    korporasi lainnya antara lain Pembentukan Anak Perusahaan,            and other corporate action plans, including the establishment
    Rencana Kerja dan Anggaran Perusahaan, Rencana Jangka                 of subsidiaries, the Company’s Work Plan and Budget, the
    Panjang Perusahaan, Pembiayaan (Financing), Kontrak Kerja             Company’s Long-Term Plan, Financing, Cooperation Operation
    Sama Operasi, Wilayah Kerja Migas, Pengelolaan Aset dan               Contracts, Oil and Gas Working Areas, Asset Management and
    Penjaminan Aset.                                                      Asset Guarantee.
2. Melakukan evaluasi kebijakan dan strategi manajemen risiko         2. Evaluate risk management policies and strategies for both
    baik operasional dan pengembangan usaha Perusahaan;                   operational and business development of the Company;
3. Memantau dan melakukan evaluasi penerapan manajemen                3. Monitor and evaluate the implementation of risk management
    risiko dan mitigasinya atas rencana bisnis dan investasi              and its mitigation of the Company’s business and investment
    Perusahaan serta pelaksanaan operasional ditinjau dari sisi           plans as well as operational implementation from a financial
    keuangan dan legal;                                                   and legal perspective;
4. Melaporkan hasil pemantauan dan evaluasi serta memberikan          4. Report the results of monitoring and evaluation and provide
    rekomendasi atas hal-hal yang perlu mendapat perhatian                recommendations on matters that need the attention of the
    Dewan Komisaris.                                                      Board of Commissioners.
5. Melakukan reviu dan memberikan rekomendasi atas                    5. Reviewing and providing recommendations on the
    efektivitas pelaksanaan manajemen risiko Perusahaan yang              effectiveness of the Company’s risk management
    dilakukan oleh Divisi Manajemen Risiko melalui pertemuan              implementation carried out by the Risk Management Division
    secara berkala maupun cara lainnya untuk membahas                     through regular meetings and other means to discuss the
    progres dari tahapan-tahapan tugas dan tanggung jawab yang            progress of the stages of duties and responsibilities carried out
    dilakukan oleh Divisi Enterprise Risk Management Perseroan.           by the Company’s Enterprise Risk Management Division.
6. Melakukan pengawasan atas kegiatan Divisi Enterprise               6. Supervising the activities of the Enterprise Risk Management
    Risk Management selaku risk manager dalam memantau                    Division as risk manager in monitoring the implementation of
    pelaksanaan mitigasi risiko oleh unit-unit kerja terkait selaku       risk mitigation by related work units as risk owners.
    risk owner.
7. Melakukan pengawasan atas pelaksanaan rekomendasi                  7. Supervise the implementation of the Committee’s
    Komite atas pelaksanaan manajemen risiko yang dilakukan              recommendations on the implementation of risk management
    oleh Divisi Enterprise Risk Management Perseroan.                    by the Company’s Enterprise Risk Management Division.
8. Melakukan penelaahan atas informasi risiko dan manajemen           8. Reviewing the Company’s risk and risk management
    risiko Perusahaan dalam laporan-laporan yang akan                    information in reports to be published through a process of
    dipublikasikan melalui proses diskusi bersama dengan                 discussion with management and review of drafts of reports
    manajemen dan reviu atas draft dari laporan yang akan                to be published.
    dipublikasikan.                                                   9. In the event that the Board of Directors deems it necessary
9. Dalam hal Direksi menganggap perlu menggunakan konsultan              to use an independent risk management consultant to
    manajemen risiko independen untuk melakukan penelaahan               conduct a review of the risk management process that has
    kembali atas proses manajemen risiko yang telah diterapkan           been implemented by the Company, the Committee’s duties
    perusahaan, maka tugas Komite adalah memberikan masukan              are to provide input on the criteria and competence of the




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    tentang kriteria dan kompetensi konsultan serta melakukan           consultant and to monitor the work of the consultant through
    monitoring pekerjaan konsultan melalui Divisi Enterprise Risk       the Company’s Enterprise Risk Management Division.
    Management Perseroan.
10. Melaksanakan tugas lainnya yang diberikan oleh Dewan            10. Carry out other duties assigned by the Board of Commissioners.
    Komisaris.

WEWENANG                                                            AUTHORITY
1. Melakukan komunikasi dengan Manajemen dan pihak-pihak            1. Communicating with the Management and other parties in
   lain di Perseroan untuk memperoleh informasi, klarifikasi           the Company to obtain information, clarification and request
   serta meminta dokumen dan laporan yang diperlukan.                  the necessary documents and reports.
2. Mengakses catatan atau informasi tentang karyawan, dana,         2. Access records or information about employees, funds, assets
   aset serta sumber daya perusahaan lainnya yang berkaitan            and other company resources related to the performance of
   dengan pelaksanaan tugasnya.                                        their duties.
3. Komite Pemantau Risiko dan Investasi atas persetujuan Dewan      3. The Risk Monitoring and Investment Committee, with the
   Komisaris berhak mendapatkan masukan dan atau saran                 approval of the Board of Commissioners, is entitled to obtain
   dari pihak luar Perseroan yang berkaitan dengan tugasnya            input and or advice from outside the Company relating to its
   termasuk menunjuk pihak ketiga (orang atau badan usaha)             duties, including appointing third parties (persons or business
   untuk membantu pelaksanaan tugasnya.                                entities) to assist in carrying out its duties.
4. Melakukan kewenangan lain yang diberikan oleh Dewan              4. Perform other authorities granted by the Board of
   Komisaris.                                                          Commissioners.

HUBUNGAN KERJA                                                      WORK RELATIONSHIPS
Dalam melaksanakan wewenang, tugas dan tanggung jawabnya,           In carrying out its authority, duties and responsibilities, the Risk
Komite Pemantau Risiko dan Investasi:                               Monitoring and Investment Committee:
1. Bekerja sama dan berkoordinasi dengan Divisi Enterprise Risk     1. Cooperate and coordinate with the Company’s Enterprise Risk
    Management Perseroan dan unit kerja terkait lainnya.                Management Division and other related work units.
2. Dengan persetujuan dan/atau melalui Dewan Komisaris, dapat       2. With the approval of and/or through the Board of
    meminta bantuan pihak luar untuk melakukan pemeriksaan              Commissioners, may request the assistance of outside parties
    yang bersifat khusus dan sangat teknis.                             to conduct special and highly technical examinations.
3. Berkoordinasi dengan komite-komite lain di bawah Dewan           3. Coordinate with other committees under the BOC.
    Komisaris.
4. Dalam menjalankan tugas dan tanggung jawabnya, anggota           4. In carrying out their duties and responsibilities, members of
    Komite Pemantau Risiko dan Investasi dapat melakukan               the Risk Monitoring and Investment Committee may pay work
    kunjungan kerja ke lapangan.                                       visits to the fields.

PENILAIAN KINERJA (KEY PERFORMANCE                                  PERFORMANCE ASSESSMENT (KEY
INDICATORS)                                                         PERFORMANCE INDICATORS)
Penilaian kinerja Komite Pemantau Risiko dan Investasi dilakukan    The performance assessment of the Risk and Investment
setidaknya 1 (satu) tahun sekali, dengan mempertimbangkan           Monitoring Committee is conducted at least once a year, taking
efektivitas Komite Pemantau Risiko dan Investasi dalam              into account the effectiveness of the Risk and Investment
menjalankan fungsinya, tingkat kehadiran dalam rapat, dan           Monitoring Committee in carrying out its functions, the level of
tingkat pemahaman akan masalah yang dihadapi Perusahaan yang        attendance at meetings, and the level of understanding of the
diformulasikan dalam bentuk Key Performance Indicator (KPI) dan     problems faced by the Company which are formulated in the form
juga AKHLAK Behavior.                                               of Key Performance Indicators (KPI) as well as AKHLAK Behavior..

REMUNERASI                                                          REMUNERATION
Penentuan jumlah remunerasi Komite Pemantau Risiko dan              Determination of the amount of remuneration of the Risk
Investasi ditetapkan dengan mengacu pada Peraturan Menteri          Monitoring and Investment Committee is determined with
Negara Badan Usaha Milik Negara nomor PER-3/MBU/03/2023             reference to the Regulation of the Minister of State-Owned
tentang Organ dan Sumber Daya Manusia Badan Usaha Milik             Enterprises number PER-3/MBU/03/2023 concerning Organs and
Negara yang mengatur bahwa penghasilan anggota Komite, yakni        Human Capital of State-Owned Enterprises which stipulates that




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berupa honorarium maksimal sebesar 20% (dua puluh persen)         the income of Committee members, in the form of honorarium, is
dari gaji Direktur Utama Perusahaan dengan ketentuan pajak        a maximum of 20% (twenty percent) of the salary of the President
ditanggung Perusahaan dan tidak diperkenankan menerima            Director of the Company with the provision of taxes borne by
penghasilan lain selain honorarium tersebut. Anggota Dewan        the Company and is not allowed to receive other income besides
Komisaris yang menjadi Ketua/anggota Komite Pemantau              the honorarium. Members of the Board of Commissioners who
Risiko dan Investasi tidak diberikan penghasilan tambahan dari    are Chairmen/members of the Risk Monitoring and Investment
jabatan tersebut.                                                 Committee are not given additional income from this position.

RAPAT KOMITE PEMANTAU RISIKO DAN                                  RISK AND INVESTMENT MONITORING
INVESTASI                                                         COMMITTEE MEETINGS

Kebijakan Rapat                                                   Meeting Policy
1. Rapat Komite Pemantau Risiko dan Investasi diselenggarakan     1. Risk Monitoring and Investment Committee meetings are held
    sesuai dengan kebutuhan Perseroan, secara berkala paling         in accordance with the needs of the Company, periodically at
    kurang dilaksanakan 4 (empat) kali dalam setahun.                least 4 (four) times a year.
2. Rapat Komite Pemantau Risiko dan Investasi hanya dapat         2. Risk Monitoring and Investment Committee meetings can only
    dilaksanakan apabila dihadiri oleh mayoritas dari jumlah         be held if attended by a majority of the Committee members.
    anggota Komite.
3. Rapat dipimpin oleh Ketua Komite Pemantau Risiko dan           3. The meeting is chaired by the Chairman of the Risk
    Investasi, dan apabila Ketua Komite berhalangan hadir, maka      Monitoring and Investment Committee, and if the Chairman
    rapat dipimpin oleh anggota komite senior yang ditunjuk/         of the Committee is absent, the meeting is chaired by a senior
    disepakati dalam rapat.                                          committee member appointed/agreed upon at the meeting.
4. Dalam hal anggota Komite Pemantau Risiko dan Investasi         4. In the event that a member of the Risk Monitoring and
    dengan sebab apapun berhalangan hadir maka kehadiran             Investment Committee for any reason is unable to attend, the
    anggota Komite tersebut dapat diwakili oleh anggota Komite       attendance of the Committee member can be represented by
    lainnya berdasarkan surat kuasa.                                 another Committee member based on a power of attorney.
5. Anggota Komite hanya dapat mewakili seorang anggota            5. A Committee member may only represent one other
    Komite lainnya.                                                  Committee member.
6. Pengambilan keputusan rapat Komite Pemantau Risiko             6. Decision-making of the Risk Monitoring and Investment
    dan Investasi dilakukan berdasarkan musyarawarah                 Committee meetings is based on consensus. In the event that
    mufakat. Dalam hal tidak terjadi musyawarah mufakat,             there is no consensus, then the decision is made based on a
    maka pengambilan keputusan dilakukan berdasarkan suara           majority vote. If in the decision-making process carried out
    terbanyak. Jika dalam pengambilan keputusan yang dilakukan       by voting there are equal votes, the decision is made by the
    dengan cara pemungutan suara terjadi suara yang sama             Chairman of the Meeting.
    banyaknya, maka keputusan diambil oleh Ketua Rapat.
7. Hasil rapat Komite Pemantau Risiko dan Investasi dituangkan    7. The results of the Risk Monitoring and Investment
    dalam suatu risalah rapat yang ditanda-tangani oleh seluruh       Committee meetings are set forth in a meeting minutes
    anggota Komite, disampaikan kepada Dewan Komisaris dan            signed by all Committee members, submitted to the Board of
    didokumentasikan dengan baik.                                     Commissioners and well documented.
8. Perbedaan pendapat (dissenting opinions) yang terjadi dalam    8. Dissenting opinions that occur in Committee meetings must
    rapat Komite wajib dicantumkan secara jelas dalam risalah         be clearly stated in the minutes of the meeting along with the
    rapat beserta alasan perbedaan pendapat tersebut.                 reasons for the dissenting opinions.
9. Kehadiran anggota Komite Pemantau Risiko dan Investasi         9. The attendance of Risk Monitoring and Investment Committee
    dalam rapat dilaporkan dalam laporan tahunan Komite               members in meetings is reported in the annual report of the
    Pemantau Risiko dan Investasi.                                    Risk Monitoring and Investment Committee.
10. Rapat dapat dilakukan baik secara tatap muka maupun virtual   10. Meetings can be conducted either face-to-face or virtually
    melalui media telekonfrensi atau sarana media lainnya yang        through teleconferencing media or other media facilities that
    memungkinkan semua peserta rapat saling melihat dan/atau          allow all meeting participants to see and/or hear each other
    mendengar secara langsung serta berpartisipasi dalam rapat.       directly and participate in the meeting.




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Realisasi Rapat                                                          Meeting Realization
Selama tahun 2024, Komite Pemantau Risiko dan Investasi telah            During the year, the Risk Monitoring and Investment Committee
menyelenggarakan 6 (enam) rapat yang membahas berbagai                   held 6 (six) meetings that discussed various agendas, among
agenda, antara lain:                                                     others:

AGENDA RAPAT KOMITE PEMANTAU RISIKO DAN INVESTASI
Agenda of Risk Monitoring and Investment Committee Meetings

 No.                                                                   Agenda

  1    Laporan Pelaksanaan Pengelolaan Manajemen Risiko Kuartal IV Tahun 2023
       Report on the Implementation of Risk Management in the Fourth Quarter of 2023
  2    Laporan Pelaksanaan Pengelolaan Manajemen Risiko Kuartal I Tahun 2024
       Report on the Implementation of Risk Management in the First Quarter of 2024
  3    Laporan Pelaksanaan Pengelolaan Manajemen Risiko Kuartal II Tahun 2024
       Report on the Implementation of Risk Management in the Second Quarter of 2024
  4    Laporan Pelaksanaan Pengelolaan Manajemen Risiko Kuartal III Tahun 2024
       Report on the Implementation of Risk Management in the Third Quarter of 2024
  5    Permohonan Persetujuan Investasi 74 Unit Mobil Tangki Pola All in Plus
       Request for Investment Approval of 74 Tanker Trucks
  6    Permohonan Persetujuan Investasi Terminal LPG Kolaka
       Request for Investment Approval of Kolaka LPG Terminal



Frekuensi dan Tingkat Kehadiran Rapat Komite                             Frequency and Attendance of Risk Monitoring
Pemantau Risiko dan Investasi Selama Tahun                               and Investment Committee Meetings During the
2024                                                                     Year 2024
                                                                         The Risk and Investment Monitoring Committee also actively
Komite Pemantau Risiko dan Investasi juga aktif hadir dan terlibat       attended and was involved in the Board of Commissioners’
dalam Rapat Dewan Komisaris dengan tujuan agar hal-hal yang              Meetings with the aim that substantive matters could be
bersifat substantif dapat segera dilaporkan kepada Dewan                 immediately reported to the Board of Commissioners. The
Komisaris. Berikut frekuensi dan tingkat kehadiran Rapat Komite          frequency and attendance of the Risk and Investment Monitoring
Pemantau RIsiko dan Investasi:                                           Committee Meetings are as follows:


                                                                            Jumlah Rapat Selama
         Nama                                Jabatan                             Menjabat             Kehadiran           Persentase
         Name                                Position                        Number of Meetings       Attendance          Percentage
                                                                               During Office

 Nur Endro Buwono         Ketua Komite/Komisaris                                               4                   4               100%
                          Committee Chairman/Commissioner
 Ariana Soemanto          Anggota/Komisaris Independen                                         4                   4               100%
                          Member/Independent Commissioner
 Taufiq Martakusuma       Anggota                                                              6                   6               100%
                          Member
 Widianto Soepeno         Anggota                                                              6                   6               100%
                          Member


Rencana Pelaksanaan Rapat Komite Pemantau                                Implementation Plan for the 2025 Risk and
Risiko dan Investasi Tahun 2025                                          Investment Monitoring Committee Meeting
Rencana pelaksanaan rapat mengacu pada Program Kerja Komite              The meeting implementation plan refers to the Risk and Investment
Pemantau Risiko dan Investasi tahun buku 2025 bahwa rapat                Monitoring Committee Work Program for the 2025 financial year
dengan Fungsi Enterprise Risk Management Elnusa direncanakan             that meetings with Elnusa’s Enterprise Risk Management Function
dilakukan setiap kuartal dengan agenda rapat di antaranya                are planned to be held every quarter with the meeting agenda
membahas tentang laporan pengelolaan manajemen risiko per                which includes discussing quarterly risk management reports.
kuartal. Rapat yang bersifat unplanned juga dapat dilaksanakan           Unscheduled meetings can also be held at any time according to
sewaktu-waktu sesuai dengan kebutuhan.                                   the requirement.




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PENGUNGKAPAN DAN PELAPORAN                                        DISCLOSURE AND REPORTING
1. Komite Pemantau Risiko dan Investasi wajib membuat             1. The Risk and Investment Monitoring Committee shall make
   laporan kepada Dewan Komisaris atas setiap penugasan yang         a report to the Board of Commissioners on each assignment
   diberikan.                                                        given.
2. Komite Pemantau Risiko dan Investasi wajib membuat laporan     2. The Risk and Investment Monitoring Committee shall make
   tahunan pelaksanaan kegiatan Komite Pemantau Risiko               an annual report on the implementation of the Risk and
   dan Investasi yang diungkapkan dalam Laporan Tahunan              Investment Monitoring Committee activities disclosed in the
   Perusahaan.                                                       Company’s Annual Report.
3. Laporan Komite tersebut merupakan bagian dari laporan          3. The Committee’s report shall be part of the report on the
   pelaksanaan tugas Dewan Komisaris dan disampaikan dalam           implementation of the duties of the Board of Commissioners
   Rapat Umum Pemegang Saham.                                        and is submitted to the General Meeting of Shareholders.

Laporan Singkat Pelaksanaan Kegiatan Komite                       Brief Report on the Implementation of Risk and
Pemantau Risiko dan Investasi Tahun 2024                          Investment Monitoring Committee Activities in
                                                                  2024
Dalam menjalankan tugas dan fungsinya, Komite Pemantau Risiko     In carrying out its duties and functions, the Risk and Investment
dan Investasi telah melaksanakan pembahasan baik bersama          Monitoring Committee has conducted discussions both with the
Dewan Komisaris, Manajemen dan internal Komite. Selama tahun      Board of Commissioners, Management and internal Committees.
2024, realisasi atas pelaksanaan tugas Komite Pemantau Risiko     During 2024, the realization of the implementation of the duties of
dan Investasi antara lain:                                        the Risk and Investment Monitoring Committee included:
1. Menyampaikan rekomendasi berkaitan dengan aspek                1. Delivering recommendations related to risk management
    manajemen risiko kepada Dewan Komisaris atas kebijakan            aspects to the Board of Commissioners on policies that have
    yang telah diterapkan.                                            been implemented.
2. Melakukan penelaahan atas usulan perubahan threshold           2. Reviewing the proposed changes to the threshold of the Board
    Dewan Komisaris.                                                  of Commissioners.
3. Melakukan reviu antara lain terhadap laporan kinerja bulanan   3. Reviewing, among others, the Company’s monthly
    Perseroan, usulan RKAP Tahun 2025 dan usulan-usulan               performance report, the proposed RKAP Year 2025 and
    Manajemen yang memerlukan persetujuan Dewan Komisaris.            Management proposals that require the approval of the Board
                                                                      of Commissioners.
4. Melakukan reviu atas permohonan persetujuan Direksi            4. Reviewing the request for approval from the Board of Directors
   kepada Dewan Komisaris atas rencana investasi dan rencana          to the Board of Commissioners on investment plans and other
   aksi korporasi lainnya                                             corporate action plans.
5. Melakukan pengawasan atas kegiatan Divisi Enterprise Risk      5. Supervise the activities of the Enterprise Risk Management
   Management                                                         Division
6. Melakukan pemutakhiran piagam atau pedoman kerja Komite        6. Updating the charter or work guidelines of the Risk Monitoring
   Pemantau Risiko dan Investasi disesuaikan dengan peraturan         and Investment Committee in accordance with laws and
   perundang-undangan maupun kegiatan Perseroan.                      regulations and the Company’s activities.
7. Menyusun rencana kerja Komite Pemantau Risiko dan Investasi    7. Preparing the work plan of the Risk and Investment Monitoring
   tahun 2025.                                                        Committee in 2025.

KODE ETIK                                                         CODE OF ETHICS
1. Anggota Komite yang masih atau yang sudah tidak menjabat       1. Committee Members who are still or who have ceased to serve
   lagi sebagai Anggota Komite, wajib menjaga kerahasiaan            as Committee Members, must maintain the confidentiality of
   dokumen, data dan informasi Perseroan yang diperoleh              the Company’s documents, data and information obtained
   sewaktu menjabat sebagai Anggota Komite, baik dari pihak          while serving as Committee Members, both from internal and
   internal maupun pihak eksternal dan hanya digunakan untuk         external parties and only used for the purpose of carrying out
   kepentingan pelaksanaan tugasnya.                                 their duties.
2. Anggota Komite dilarang menyalahgunakan informasi penting      2. Committee Members are prohibited from misusing important
   yang berkaitan dengan kepentingan Perusahaan untuk                information relating to the Company’s interests for personal
   kepentingan pribadi.                                              gain.
3. Anggota Komite dalam melaksanakan tugas dan tanggung           3. Members of the Committee in carrying out their duties and
   jawabnya wajib mentaati Kode Etik Perusahaan.                     responsibilities shall comply with the Company’s Code of
                                                                     Ethics.




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Sekretaris Perusahaan
    Corporate Secretary

Sekretaris Perusahaan memiliki tugas dan tanggung jawab untuk       The Corporate Secretary is responsible for facilitating
memfasilitasi komunikasi antara organ Perseroan, bertanggung        communication between the company’s organs, formulating
jawab dalam penyusunan kebijakan, perencanaan serta                 policies, planning, and ensuring the effectiveness and transparency
memastikan efektivitas dan transparansi komunikasi perusahaan,      of corporate communication, institutional relations, investor
hubungan kelembagaan, hubungan investor dan pelaku pasar            relations, and interactions with capital market participants.
modal lainnya dengan tetap memperhatikan prinsip standar            These responsibilities are carried out while adhering to corporate
etika perusahaan, prinsip tata kelola Perusahaan, dan nilai-nilai   ethical standards, good corporate governance principles, and the
Perseroan. Sekretaris Perusahaan bertanggung jawab langsung         company’s core values. The Corporate Secretary reports directly
kepada Direksi serta diangkat dan diberhentikan berdasarkan         to the Board of Directors and is appointed or dismissed based
Keputusan Direksi berdasarkan mekanisme internal Perusahaan         on a Board of Directors’ decision through the company’s internal
dengan persetujuan Dewan Komisaris.                                 mechanism with the approval of the Board of Commissioners.

PIHAK YANG MENGANGKAT DAN                                           THE PARTY IN CHARGE OF THE APPOINTMENT
MEMBERHENTIKAN SEKRETARIS PERUSAHAAN                                AND DISMISSAL OF THE CORPORATE
                                                                    SECRETARY
Sekretaris Perusahaan merupakan pejabat senior Perseroan yang       The Corporate Secretary is a senior official of the Company who
diangkat secara khusus bertanggung jawab dalam melaksanakan         is specifically appointed to carry out the functions of Corporate
fungsi Sekretaris Perusahaan serta diangkat dan diberhentikan       Secretary and is appointed and dismissed by the President
oleh Direktur Utama berdasarkan mekanisme internal Perseroan        Director based on the Company’s internal mechanism with the
dengan persetujuan Dewan Komisaris. Sekretaris Perusahaan           approval of the Board of Commissioners. The Corporate Secretary
bertanggung jawab dan melaporkan kegiatannya langsung kepada        is responsible and reports his activities directly to the President
Direktur Utama. Sekretaris Perusahaan dilarang merangkap            Director. The Corporate Secretary is prohibited from holding any
jabatan apa pun di emiten atau perusahaan publik lain.              other positions in issuers or other public companies.




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STRUKTUR ORGANISASI SEKRETARIS                                                   ORGANIZATIONAL STRUCTURE OF THE
PERUSAHAAN                                                                       CORPORATE SECRETARY
Struktur organisasi Sekretaris Perusahaan ditetapkan sesuai                      The organizational structure of the Corporate Secretary is
Keputusan Direksi No. 803/EN/KPTS/005D/2022 tentang Struktur                     appointed in accordance with the Board of Directors’ Decree
& Susunan Organisasi Corporate Secretary.                                        No. 803/EN/ KPTS/005D/2022 regarding the Corporate Secretary
                                                                                 Organizational Structure & Composition.



                                                                     DIREKTUR UTAMA
                                                                      President Director



                                                              SEKRETARIS PERUSAHAAN
                                                                 Corporate Secretary



                                   BOD Support & Investor Relation                            Corporate Governance



                          Manager of Corporate                                                          Senior Manager of Corporate
                            Communication                                                                        Relations




                                               Internal
                External                                                                   Manager of Community                Corporate Social
                                         Communications & Brand
             Communications                                                                      Relation                 Responsibility & Sponsorship
                                             Management




                                                                     Asst. Manager of Community         Asst. Manager of Community
                                                                          Relations Upstream              Relations EPCOM & PM




                                                                                           Community Relations




PEJABAT SEKRETARIS PERUSAHAAN                                                    CORPORATE SECRETARY OFFICER
Penetapan Pejabat Sekretaris Perusahaan sesuai dengan                            The appointment of the Corporate Secretary Officer is in
Keputusan Direksi No. 051/EN/KPTS/000D/2024 yang                                 accordance with the Board of Directors’ Decree No. 051/EN/
mengangkat Frida Lidwina sebagai Sekretaris Perusahaan dan                       KPTS/000D/2024, appointing Frida Lidwina as the Corporate
telah mendapat persetujuan Dewan Komisaris. Pengangkatan                         Secretary, with approval from the Board of Commissioners. The
Sekretaris Perusahaan telah dipublikasikan di situs web Perseroan                appointment has been published on the Company’s website and
dan dilaporkan kepada OJK pada 3 April 2024 untuk memenuhi                       reported to the Financial Services Authority (OJK) on April 3, 2024,
Peraturan OJK No. 35/POJK.04/2014 tentang Sekretaris Perusahaan                  to comply with OJK Regulation No. 35/POJK.04/2014 concerning
Emiten atau Perusahaan Publik.                                                   Corporate Secretaries of Issuers or Public Companies.




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PROFIL SEKRETARIS PERUSAHAAN
CORPORATE SECRETARY PROFILE

                                            FRIDA LIDWINA
                                            Sekretaris Perusahaan
                                            Corporate Secretary

                                            DATA PRIBADI | PERSONAL DATA
                                            Warga Negara Indonesia | Indonesian Citizen
                                            Usia 50 tahun per 31 Desember 2024 | Age 50 years old as of December 31, 2024
                                            Domisili Jakarta | Domicile Jakarta


                                             Dasar Hukum             No. 629/EN/DKP/005D/2022                    No. 629/EN/DKP/005D/2022
                                             Penunjukan
                                             Legal Basis of
                                             Appointment
                                             Pendidikan              • BSc. In Economics and Mass                • BSc. In Economics and Mass
                                             Education                 Communications from University of           Communications from University of
                                                                       California, Berkeley, California (1996)     California, Berkeley, California (1996)
                                                                     • MBA in Finance from University of         • MBA in Finance from University of
                                                                       Western Australia, Perth, Western           Western Australia, Perth, Western
                                                                       Australia (2000)                            Australia (2000)
                                             Pengalaman Kerja        Jabatan di Perseroan:                       Positions in the Company:
                                             Work Experience         • Corporate Secretary Perseroan             • Corporate Secretary (2024–present)
                                                                       (2024–sekarang)
                                                                     • Senior Anchor CNBC/CNN Indonesia          • Senior Anchor, CNBC/CNN Indonesia
                                                                       (2015–2024)                                 (2015–2024)
                                                                     • News Anchor Metro TV (2004–2015)          • News Anchor, Metro TV (2004–2015)
                                             Rangkap Jabatan         Tidak memiliki rangkap jabatan sesuai       Does not hold any concurrent positions
                                             Concurrent Position     POJK No. 35/POJK.04/2014                    in accordance with OJK Regulation No.
                                                                                                                 35/POJK.04/2014




PROGRAM PENGEMBANGAN KEAHLIAN                                             CORPORATE SECRETARY’S SKILLS
SEKRETARIS PERUSAHAAN                                                     DEVELOPMENT PROGRAM
Sepanjang tahun 2024, program pengembangan keahlian yang                  Throughout 2024, the Corporate Secretary participated in the
diikuti Sekretaris Perusahaan, sebagai berikut:                           following skill development programs:


                          Pelatihan/Workshop                                            Tanggal                                 Penyelenggara
 No.
                           Training/Workshop                                             Date                                     Organizer

  1    Tanggung Jawab Lingkungan dan Sosial (TJSL)                    Rabu, 7 Agustus 2024                           MM Sustainability Univ. Trisakti
       Environmental and Social Responsibility                        Wednesday, August 7, 2024
  2    Workshop Investor Relations                                    Rabu, 30 Oktober 2024                          Indonesia Corporate Secretary
                                                                      Wednesday, October 30, 2024                    Association (ICSA)
  3    Mini Magister Manajemen/MBA                                    4 November 2024–15 Februari 2025               PPM School of Manajemen
                                                                      November 4, 2024–February 15, 2025




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TUGAS DAN TANGGUNG JAWAB SEKRETARIS                              DUTIES AND RESPONSIBILITIES OF THE
PERUSAHAAN                                                       CORPORATE SECRETARY
Tugas dan tanggung jawab Sekretaris Perusahaan tercantum         The duties and responsibilities of the Corporate Secretary are
dalam Uraian Jabatan tanggal 26 Mei 2015 di mana Sekretaris      stated in the Position Description dated May 26, 2015 where
Perusahaan memiliki lima fungsi utama dalam mendukung            the Corporate Secretary has five main functions supporting the
hubungan Perusahaan dengan stakeholders, yaitu:                  Company’s relationship with stakeholders, namely:
1. Sebagai pejabat penghubung.                                   1. As a liaison officer.
2. Sebagai komunikator perusahaan.                               2. As a company communicator.
3. Sebagai pelaksana GCG.                                        3. As GCG implementer.
4. Sebagai penatausahaan dokumen perusahaan.                     4. As administrator of company documents.
5. Sebagai pusat informasi dan publikasi resmi perusahaan.       5. As the company’s official information and publication center..

Adapun tugas dan tanggung jawab Sekretaris Perusahaan telah      The duties and responsibilities of the Corporate Secretary were
disesuaikan dengan Peraturan Otoritas Jasa Keuangan No. 35/      adjusted in accordance to the Financial Services Authority
POJK.04/2014, sebagai berikut:                                   Regulation No. 35/POJK.04/2014, as follows:
1. Persiapan, penyelenggaraan, penyediaan untuk Rapat Direksi,   1. Preparation, organization, provision for Board of Diretors’
    Rapat Dewan Komisaris, Rapat Umum Pemegang Saham                 Meetings, Board of Commissioners’ Meetings, General
    (RUPS), serta monitoring pelaksanaan keputusan dalam rapat       Shareholders’ Meetings (GMS)s, as well as monitoring the
    Direksi, rapat Dewan Komisaris dan RUPS dan mengelola            implementation of decisions at Directors’ Meetings, Board
    dan mengkoordinasikan sumber daya yang ada terkait hal           of Commissioners’ meetings and GMS and managing and
    tersebut.                                                        coordinating existing resources related to this matter.
2. Menjadi gerbang informasi perusahaan dan pengelolaan          2. Become the gateway to company information and manage
    berbagai communications channel (e-mail blast, internal          various communication channels (email blast, internal
    magazine, website, intranet, press release) baik untuk           magazine, website, intranet, press releases) for both internal
    kepentingan internal maupun eksternal.                           and external purposes.
3. Penyusunan strategi untuk peningkatan citra (image) dan       3. Develop strategies to improve the company’s image and
    kinerja perusahaan serta meredam isu negatif yang mungkin        performance as well as reduce negative issues that may or
    atau telah timbul dan mempunyai dampak terhadap citra, dan       have emerged and have impact on the company’s image and
    kinerja perusahaan.                                              performance.
4. Memastikan perusahaan melakukan kepatuhan terhadap            4. Ensure that the company complies with capital market
    peraturan pasar modal dan melakukan review terhadap              regulations and reviews all information disclosures issued by
    seluruh keterbukaan informasi yang dikeluarkan perusahaan        the company related to capital market regulations.
    terkait dengan ketentuan pasar modal tersebut.
5. Penanggung jawab Good Corporate Governance (GCG) dengan       5. Responsible for Good Corporate Governance (GCG) with
    pengaturan terkait pengawalan terhadap penerapan GCG            regulations related to monitoring the implementation of the
    Code dan Code of Conduct (CoC) Perusahaan.                      Company’s GCG Code and Code of Conduct (CoC).
6. Pendamping kegiatan Corporate Social Responsibility (CSR)     6. Accompany Corporate Social Responsibility (CSR) activities
    untuk komunitas internal maupun eksternal agar mendukung        for internal and external communities to support operational
    kegiatan operasi maupun pembentukan/pengembangan citra          activities and the formation/development of a positive image
    positif perusahaan.                                             of the company.
7. Mengarahkan, mengelola, memonitor, dan mengevaluasi           7. Direct, manage, monitor and evaluate all activities related
    seluruh kegiatan yang terkait dengan corporate event            to corporate events, especially those that will affect the
    khususnya yang akan mempengaruhi citra perusahaan sesuai        company’s image according to the company’s needs.
    kebutuhan perusahaan.
8. Bertanggung jawab atas pelaksanaan program pengenalan         8. Responsible for implementing the company introduction
    perusahaan bagi Dewan Komisaris dan Direksi yang baru           program for the newly appointed Board of Commissioners
    diangkat.                                                       and Directors.




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          TATA KELOLA PERUSAHAAN
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PELAKSANAAN TUGAS SEKRETARIS                                               IMPLEMENTATION OF THE CORPORATE
PERUSAHAAN 2024                                                            SECRETARY DUTIES IN 2024

Terkait Corporate Governance                                               Related to Corporate Governance
Berkaitan dengan fungsi Corporate Governance, Sekretaris                   Corporate Secretary in its function related to Corporate
Perusahaan diuraikan sebagai berikut:                                      Governance, can be describe as follows:


                                    Aktivitas                                                            Keterangan
 No.
                                    Activities                                                           Description

  1    Kepatuhan kepada Peraturan Pasar Modal (Laporan Tahunan,              Bertujuan untuk memenuhi dan memastikan bahwa Perseroan
       laporan keuangan, laporan terkait RUPS, laporan registrasi            mematuhi peraturan yang berlaku sebagai public & listed company
       pemegang efek, dll).                                                  sesuai dengan peraturan yang ditetapkan oleh OJK dan BEI.
       Compliance with Capital Market Regulations (Annual Reports,           Aims to fulfill and ensure that the Company complies with
       financial reports, reports related to GMS, securities holder          applicable regulations as a public & listed company in accordance
       registration reports, etc.).                                          with the regulations set by OJK and BEI.
  2    Manajemen registrasi pemegang saham.                                  Melakukan manajemen registrasi pemegang saham dibantu
       Shareholder registration management.                                  dengan BAE Perseroan.
                                                                             Conduct shareholder registration management assisted by the
                                                                             Company’s BAE.
  3    Pelaksanaan RUPS.                                                     Selama tahun buku 2024, Perseroan menyelenggarakan 1 (satu)
       Implementation of the GMS.                                            kali RUPS Tahunan dan 1 kali RUPS Luar Biasa.
                                                                             During the 2024 financial year, the Company held 1 (one) Annual
                                                                             GMS and 1 Extraordinary GMS.
  4    Manajemen dan administrasi pembayaran dividen tahun buku              Melakukan manajemen proses administrasi pembayaran dividen
       2023.                                                                 sesuai dengan peraturan yang berlaku.
       Manage and administer the dividend payments for the 2023              Manage the administration process for dividend payments in
       financial year.                                                       accordance to applicable regulations.
  5    Melaksanakan assessment implementasi GCG Perseroan tahun              Perseroan melaksanakan assement GCG dengan parameter ASEAN
       2023.                                                                 CG Scorecard.
       Conduct the assessment for Company’s GCG implementation in            The Company conducts the GCG assessment using the ASEAN CG
       2023.                                                                 Scorecard parameters.
  6    Melakukan review dan pembaruan Corporate Governance Policy.           Pada tahun 2024 Perseroan melakukan beberapa update atau
       Review and renew Corporate Governance Policy.                         pembaruan atas beberapa prosedur terkait dengan Corporate
                                                                             Governance di antaranya: prosedur pelaksanaan pengendalian
                                                                             anti penyuapan, prosedur investigasi dan penanganan penyuapan,
                                                                             prosedur pemberian & penerimaan hadiah dan hiburan
                                                                             In 2024, the Company conducted several updates or improvements
                                                                             to several procedures related to Corporate Governance, including:
                                                                             procedures for implementing anti-bribery control, procedures for
                                                                             investigating and handling bribery and procedures for receiving,
                                                                             giving gifts and entertainment.
  7    Memastikan kepatuhan Pekerja terhadap Code of Conduct,                Pada tahun 2024 Perseroan mulai menggunakan aplikasi
       pernyataan tidak dalam kondisi Conflict of Interest dan menolak       COMPOLS, menggantikan Pakta Integritas yang setiap tahun
       gratifikasi melalui aplikasi Compliance online system (COMPOLS)       ditandatangani secara manual oleh Pekerja.
       Ensuring Employee compliance with the Code of Conduct,                In 2024, the Company began using the COMPOLS application,
       statements of no Conflict of Interest and rejecting gratuities        replacing the Integrity Pact that is signed manually every year by
       through the Compliance online system (COMPOLS) application.           Employees.
  8    Melakukan uji kelayakan (due delligence) untuk calon Mitra.           Bersama dengan fungsi lain melakukan uji kelayakan untuk
       Conduct a due diligence for prospective partners.                     memastikan calon mitra memenuhi standar kualifikasi yang
                                                                             ditetapkan oleh Perseroan.
                                                                             With other functions, conduct a due diligence to ensure
                                                                             prospective partners meet the qualification standards set by the
                                                                             Company.
  9    Melakukan kegiatan peringatan Hari Antikorupsi Sedunia                Bertujuan untuk meningkatkan awareness antikorupsi kepada
       (HAKORDIA).                                                           seluruh pekerja.
       Conduct activities to commemorate World Anti-Corruption Day           Aim to increase anti-corruption awareness among all workers
       (HAKORDIA).
  10   Melaksanakan pengelolaan upaya kepatuhan terkait antikorupsi,         Perseroan secara berkala melakukan sosialisasi kepada karyawan
       pengendalian gratifikasi dan penyampaian LHKPN serta                  terkait antikorupsi, penanganan gratifikasi, dan LHKPN.
       pelaksanaan sosialisasinya.                                           The Company regularly conducts socialization to employees
       Carry out management of compliance efforts related to                 regarding anti-corruption, handling gratification, and LHKPN.
       anticorruption, control of gratification and delivery of LHKPN as
       well as implementation of socialization.




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Terkait Investor Relations                                             Related to Investor Relations
Sekretaris Perusahaan dalam melaksanakan fungsi sebagai                In carrying out its function as Investor Relations, the Corporate
Investor Relations, melakukan kerja sama dengan Manajemen dari         Secretary collaborates with Management across various functions,
berbagai fungsi (Direktorat Keuangan, Direktorat Pengembangan          including the Finance Directorate, Business Development
Usaha, serta pihak terkait lainnya). Investor Relations merupakan      Directorate, and other relevant parties. Investor Relations is a
fungsi pada Corporate Secretary yang bertugas melingkupi aspek         function within the Corporate Secretary that oversees aspects of
keterbukaan, kinerja keuangan, serta strategi perseroan.               transparency, financial performance, and corporate strategy.

Investor Relations bertugas untuk memberikan informasi yang            Investor Relations is responsible for providing accurate, reliable,
akurat, terpercaya dan tepat waktu kepada pihak-pihak baik             and timely information to both internal and external parties,
internal maupun eksternal termasuk di antaranya pemegang               including shareholders, investors, analysts, the government, and
saham, investor, analis, pemerintah, serta regulator.                  regulators.

Sepanjang tahun 2024, kegiatan Investor Relations adalah sebagai       Throughout 2024, Investor Relations activities included the
berikut:                                                               following:


                  Aktivitas                                                         Keterangan
 No.
                  Activities                                                        Description

  1    Paparan Publik                   Perseroan telah melaksanakan 1 (satu) kali Paparan Publik pada tanggal 27 Agustus 2024 yang
       Public Expose                    diselenggarakan oleh Bursa Efek Indonesia secara digital melalui media webinar Zoom Meeting,
                                        bertempat di Graha Elnusa untuk menyampaikan bisnis outlook, highlight kinerja keuangan per Juni
                                        2024, inisiatif pengembangan bisnis Perseroan serta strategic direction untuk tahun 2024.
                                        The Company carried out 1 (one) Public Expose on August 27, 2024 held by the Indonesia Stock
                                        Exchange digitally through Zoom Meeting webinar media, at Graha Elnusa to convey the business
                                        outlook, financial performance highlights as of June 2024, the Company’s business development
                                        initiatives and strategic direction for 2024.
  2    Analis Meeting dan conference    Perseroan melakukan beberapa pertemuan analis meeting atau conference call dengan investor, analis
       call dengan Analis Sekuritas &   maupun asset management antara lain PT RHB Sekuritas, PT Sinarmas Sekuritas, PT Stockbit Sekuritas,
       Asset Management                 PT Sucor Sekuritas, PT Valbury Sekuritas, PT Trimegah Sekuritas Tbk, PT Majoris Asset Management,
       Analyst Meeting and conference   PT Panin Sekuritas Tbk, Eatspring Investment, PT Syailendra Capital, PT KISI Asset Management,
       call with Security & Asset       PT UOB Sekuritas, PT UBS Sekuritas, PT Mandiri Manajemen Investasi, PT BRI Danareksa Sekuritas,
       Management Analysts              PT Semesta Sekuritas dan PT BNI Sekuritas.
                                        The Company held several analyst meetings or conference calls with investors, analysts, and asset
                                        management firms, including PT RHB Sekuritas, PT Sinarmas Sekuritas, PT Stockbit Sekuritas, PT Sucor
                                        Sekuritas, PT Valbury Sekuritas, PT Trimegah Sekuritas Tbk, PT Majoris Asset Management, PT Panin
                                        Sekuritas Tbk, Eatspring Investment, PT Syailendra Capital, PT KISI Asset Management, PT UOB
                                        Sekuritas, PT UBS Sekuritas, PT Mandiri Manajemen Investasi, PT BRI Danareksa Sekuritas, PT Semesta
                                        Sekuritas, and PT BNI Sekuritas.
  3    Investor Call Meeting            Perseroan melakukan beberapa pertemuan secara online dengan investor dalam bentuk Webinar
                                        yang diikuti juga oleh beberapa analis dari sekuritas, antara lain Webinar dengan PT OCBC Sekuritas,
                                        PT RHB Sekuritas dan Rivan Kurniawan.
                                        The Company held several online meetings with investors in the form of Webinars, which were also
                                        attended by several analysts from securities firms, including Webinars with PT OCBC Sekuritas, PT RHB
                                        Sekuritas, and Rivan Kurniawan.
  4    Emiten Report                    Analis sekuritas melakukan emiten report penulisan laporan analis Perseroan secara berkala baik yang
                                        sifatnya coverage maupun daily notes. Beberapa research report dari PT RHB Sekuritas, PT Sinarmas
                                        Sekuritas, PT Sucor Sekurtias, dan PT Trimegah Sekuritas.
                                        Securities analysts prepared issuer reports and regularly write analysis reports on the Company,
                                        both in the form of coverage and daily notes. Several research reports come from PT RHB Sekuritas,
                                        PT Sinarmas Sekuritas, PT Sucor Sekuritas, and PT Trimegah Sekuritas.
  5    Internal Research Report         Perseroan melakukan market analyst report terkait saham ELSA maupun kondisi pasar modal kepada
                                        internal perusahaan, manajemen maupun pemegang saham setiap periode kuartal selama tahun
                                        2024.
                                        The company provided market analysis reports regarding ELSA shares and capital market conditions
                                        for internal purpose, management and shareholders every quarter throughout 2024.



Terkait Corporate Communication                                        Related to Corporate Communication
Berkaitan dengan Corporate Communications Elnusa (Corcomm),            Regarding Corporate Communications Elnusa (Corcomm),
Sekretaris Perusahaan memiliki tugas dalam memastikan                  the Corporate Secretary has the duty of ensuring that the
visi, misi, strategi maupun nilai perseroan dapat diterima dan         company’s vision, mission, strategy, and values are well received
dipahami oleh setiap stakeholders. Secara spesifik Corporate           and understood by all stakeholders. Specifically, Corporate
Communications memiliki peran, pada Internal Communication,            Communications plays a role in Internal Communication, Brand
Brand Management, dan External Communication.                          Management, and External Communication.



                                                                                              2024 Annual Report PT ELNUSA Tbk          383
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           TATA KELOLA PERUSAHAAN
           Corporate Governance




Internal Communications                                                 Internal Communications
Internal Communications bertujuan untuk memastikan strategi,            Internal Communications aims to ensure that strategies, policies,
kebijakan, pesan-pesan Direksi dan informasi Perseroan lainnya          messages from the Board of Directors and other Company’s
tersebar dan dipahami oleh seluruh manajemen dan karyawan.              information are spread and understood by all management
Corporate Communications sebagai fungsi yang khusus menangani           and employees. Corporate Communications as a function that
hal ini telah melakukan berbagai inisiatif dan program kegiatan         specifically handles this matter carries out various initiatives
untuk penyebaran informasi tersebut, baik melalui channel dan           and activity programs to spread this information, both through
tools communications di media online dan offline maupun melalui         communication channels and tools through online and offline
pertemuan.                                                              media as well as through meetings.


 Communications Tools                                           Keterangan                                             Jumlah Publikasi
     & Program                                                  Description                                          Number of Publication
Tools & Program
ELSA News Publishing     Perseroan secara terkini senantiasa memberikan Informasi yang dirangkum menjadi sebuah                        184
                         narasi singkat menggunakan bahasa produktif kepada stakeholder internal khususnya
                         karyawan.
                         The Company is always current to provide information summarized into a short narrative
                         using productive language for internal stakeholders, especially employees.
Digital Creative Content Perseroan menyampaikan pesan strategis maupun campaign melalui komunikasi kreatif.                            823
                         The company presents strategic as well as campaign messages through creative
                         communications.
Corporate Event          Perseroan memiliki wadah yang dikemas dalam bentuk kegiatan yang melibatkan pekerja                           136
                         dengan tujuan penyampaian pesan strategis dari Top Management melalui Corporate
                         Secretary maupun dari fungsi-fungsi lainnya.
                         The Company’s platform packaged in the form of activities involving employees with the
                         aim to convey strategic messages from Top Management through the Corporate Secretary
                         and from other functions.
News Flash               Perseroan menyampaikan pencapaian maupun kegiatan strategis lainnya melalui berita                             18
                         singkat dilengkapi dengan gambar yang mendukung.
                         The Company submits its achievements as well as other strategic activities through short
                         news with supporting images.
ELSA Top Moment          Perseroan merangkum kejadian demi kejadian melalui album foto digital sebagai salah satu                       30
                         program komunikasi yang transparan kepada stakeholder internal.
                         The Company summarizes events after events through digital photo albums as a transparent
                         communication program to internal stakeholders.
Key Visual               Perseroan konsisten dalam menyampaikan pesan kepada stakeholder dengan menggunakan                             42
Communications           digital design menyesuaikan konsep kegiatan namun tetap merujuk pada key visual di tahun
                         tersebut.
                         The Company consistently provides messages to stakeholders by using digital design,
                         adapting the activity concept but still refers to key visuals for the concerned year.
Video Campaign           Perseroan senantiasa meningkatkan awareness karyawan atas perkembangan                                         67
                         perusahaan yang perlu diketahui oleh karyawan. Salah satunya membuat kampanye yang
                         divisualisasikan melalui video
                         The Company always increases employee awareness about the company’s developments
                         that employees need to know. Among them is creating a campaign that is visualized through
                         video
Internal                 Promosi pesan-pesan perusahaan maupun kegiatan yang memang menjadi prioritas untuk                          2.478
Communications           disampaikan kepada seluruh karyawan
Campaign                 Promote company messages and activities as priority to be conveyed to all employees
Internalisasi Kebijakan  Tim Komunikasi Elnusa secara khusus mendukung capaian atas pemahaman kebijakan                                 18
Management               management Perseroan.
Internalization of       The Elnusa Communication Team specifically supports the achievement of understanding to
Management Policy        the Company’s management policies.
Pedoman & Prosedur       Perseroan berkomitmen untuk menerapkan standar komunikasi perusahaan                                           13
Guidelines & Procedures yang terstruktur dan memiliki planing yang jelas, dalam hal ini melalui Corporate
                         Communications, pengelolaan pedoman dan prosedur terdiri atas pengelolaan komunikasi
                         perusahaan, penyelenggaraan acara, dll
                         The Company is committed to implement structured and clear planned corporate
                         communication standards, in this case through Corporate Communications, managing
                         guidelines and procedures consisting of managing corporate communications, organizing
                         events, etc.
Outcome-Internal         Pemahaman karyawan mengenai Visi Elnusa secara utuh hingga ke bawah                                           95%
Engagament               Employees’ understanding of the Elnusa Vision as in full and down to the bottom




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Brand Management                                                       Brand Management
Pengelolaan merek atau brand management adalah fungsi                  Brand management is Corcom’s function, although it’s not on
Corcomm, namun bukan pada pengelolaan merek secara                     the brand management as a whole as the main function of brand
keseluruhan karena fungsi utama pengelolaan merek menjadi              management is the duty and responsibility of the Marketing
tugas dan tanggung jawab fungsi Marketing. Pengelolaan merek           function. Brand management within Corcom’s scope is limited to
dalam ruang lingkup Corcomm terbatas pada standardisasi dan            standardization and harmonization of the use of the Company’s
penyelarasan penggunaan logo Perseroan, termasuk aplikasinya           logo, including its application in presentation materials,
dalam materi presentasi, media promosi dan atau penggunaan             promotional media and/or other uses both online and physically.
lainnya baik secara online maupun secara fisik.

Sebagai penguatan brand Elnusa yang merupakan anak perusahaan          To strengthen the Elnusa brand, as a subsidiary of Pertamina
dari Pertamina Hulu Energi yang merupakan pengelola kegiatan           Hulu Energi which is n charge of managing the operational
operasi di Subholding Upstream, Elnusa membuat cover hymne             activities at Upstream Subholding, Elnusa created a cover of the
Pertamina dan lagu kebangsaan Indonesia Raya yang di konsepkan         Pertamina hymn and the national anthem Indonesia Raya which
ulang dengan menampilkan lebih banyak jasa Elnusa dan Anak             was reimagined by featuring more Elnusa and Subsidiary services.
Perusahaan. Adapun beberapa apresiasi yang merupakan                   There are several appreciations which are concrete evidence of the
bukti nyata atas kompetensi yang dimiliki pekerja yang mampu           competence of employees who are able to support and maintain
mendukung dan menjaga image Perseroan. Apresiasi tersebut              the Company’s image. This appreciation includes assessing Elnusa’s
diantaranya menilai eksistensi Elnusa di media online maupun           existence in online and print media today, including: The Most
media cetak saat ini, di antaranya: The Most Anticipated High          Anticipated High Engagement from BUMN Track, Best Popular
Engagement dari BUMN Track, Best Popular Company Tbk, Best             Company Plc, Best Corporate Secretary, Best Press Release from
Corporate Secretary, Best Press Release dari Serikat perusahaan        the Press Company Union, Indonesian PR Person from Perhumas
Pers, Perwira PR Indonesia dari Perhumas serta Best Spoke Person       and Best Spoke Person from E2S.
dari E2S.

External Communication                                                 External Communication
External Communications bertujuan untuk menciptakan                    External Communications is aimed at creating good and
hubungan yang baik dan harmonis antara Perseroan dan publik            harmonious relationships between the Company and the
eksternal (media massa, komunitas, Pemerintah, klien, vendor)          external public (mass media, community, Government, clients,
guna mendukung program-program Perseroan, membangun                    vendors) in order to support the Company’s programs, build a
citra positif dan reputasi perusahaan melalui berbagai aktivitas       positive image and reputation of the company through various
komunikasi.                                                            communication activities.


                                                       Aktivitas                                                        Realisasi
 No.
                                                       Activities                                                      Realization

  1    Pemberitaan Elnusa di berbagai media cetak, online maupun elektronik                                        4.758 Pemberitaan
       News about on Elnusa in various print, online and electronic media
  2    Tone Pemberitaan Positive                                                                                          96%
       Tone Positive News
  3    Viewership/Reach                                                                                            7,894,538,737 views
  4    Exhibition                                                                                                           5
  5    Press Release Production                                                                                           106
  6    Media Interview                                                                                                     13
  7    Media Gathering                                                                                                      1
  8    Media Meeting                                                                                                        5



Terkait Corporate Relations                                            Related to Corporate Relation

1. Community Relation                                                  1. Community Relation
   Membawahi fungsi strategis untuk membangun hubungan                    Supervise strategic functions to build relationships with
   dengan stakeholder dan masyarakat di area site services,               stakeholders and the community at the site services area,
   melakukan penggalangan untuk mendapatkan dukungan                      mobilize support from stakeholders and the community at
   dari pihak stakeholder dan masyarakat di area site services            the site services area in carrying out operational activities
   dalam pelaksanaan kegiatan operasional dan melaksanakan                and carry out handling of damage claims that affected




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 penanganan damage claim kepada masyarakat yang                    communities through operational activities in a transparent
 terdampak dengan adanya kegiatan operasional secara               manner involving relevant stakeholders. So that we can
 transparan dengan melibatkan pihak stakeholder yang terkait.      monitor operational targets at each existing service site
 Sehingga dapat mengawal target-target operasi di setiap site      and achieve well with OTOBOSOR (on time, on budget, on
 services yang ada bisa tercapai dengan baik secara OTOBOSOR       schedule, on return).
 (on time, on budget, on schedule, on return).

 Dalam pelaksanaannya fungsi community relation akan               In its implementation, the community relations function will
 dilibatkan dari tahapan pra-proyek dengan melakukan social        be involved from the pre-project phase by carrying out social
 mapping dengan indikator ideologi, politik, ekonomi, sosial       mapping with indicators of ideology, politics, economics,
 dan budaya, dan keamanan, karena hal ini diperlukan untuk         social and culture, and security, where this is necessary to get
 mendapatkan gambaran secara menyeluruh dari suatu                 a comprehensive picture of the condition of the community
 kondisi masyarakat di sekitar site services sehingga dalam        around the services site so that in development of mitigation of
 pengembangan mitigasi dari berbagai risiko yang timbul karena     various risks that arise due to interactions between the project
 adanya interaksi antara project entity dengan masyarakat tepat    entity and the community are in appropriate and measurable
 sasaran dan terukur. Key indicator tersebut akan didetailkan      manner. These key indicators will be detailed according to
 sesuai dengan isu-isu yang dominan hingga terindentifikasi        the dominant issues until the key person who influences
 key person yang mempengaruhi isu tersebut yang pada               the issue is identified, which ultimately becomes the object
 akhirnya menjadi objek penggalangan untuk diberdayakan            of mobilization for further empowerment in strengthening
 lebih lanjut dalam memperkuat langkah-langkah mitigasi            the necessary mitigation measures. Identification of key
 yang diperlukan. Indentifikasi key indicator akan memberikan      indicators will provide direction in efforts to handle damage
 arah dalam upaya penanganan damage claim yang tepat               claims appropriately and completely, where by identifying
 dan tuntas, di mana dengan identifikasi terhadap komoditas        the dominant community economic commodities, a common
 perekonomian masyarakat yang dominan akan didapatkan              thread will be obtained which will be able to bring out relevant
 benang merah yang mampu memunculkan pihak stakeholder             stakeholders who must collaborate and determine technical
 terkait yang harus di lakukan kerja sama dan menentukan           methods for carrying out impact reduction effort, inventory,
 metode secara teknis untuk melakukan upaya pengurangan            and determining compensation value, making it possible to
 dampak, inventarisasi, dan penentuan nilai kompensasinya,         obtain a fair and accountable settlement of damage claims to
 sehingga memungkinkan untuk mendapatkan penyelesaian              the community.
 terhadap damage claim yang fair dan accountable kepada
 masyarakat.

 Pada tahapan pelaksanaan operasional proyek, community            At the operational phase of the project, community relation
 relation akan melakukan sosialisasi bertahap secara community     will carry out gradual socialization on a community to
 hingga individual kepada stakeholder dan masyarakat, serta        individual scale to stakeholders and the community, as well
 melakukan pengawalan unit operasional di site dengan              as supervise operational units at the site by monitoring the
 memonitor terhadap munculnya risiko yang menghambat dan           emergence of risks that hinder and immediately carry out
 segera melakukan mitigasi dengan melibatkan stakeholder           mitigation by involving stakeholders and key persons who have
 dan key person yang sebelumnya telah dilibatkan. Monitoring       previously been involved. This monitoring is an early detection
 ini merupakan upaya deteksi dini terhadap potensi risiko          effort of potential risks to ensure that operational activities at
 yang ada untuk memastikan kegiatan operasional di site tidak      the site do not experience delays that result in the cessation
 mengalami hambatan (delay) yang berakibat terhentinya             of operational activities. Early detection also runs in parallel
 kegiatan operasi. Deteksi dini juga berjalan secara pararel       with efforts to maintain good relations with stakeholders
 dengan upaya untuk memelihara hubungan baik dengan                and key persons by regularly communicating to coordinate
 stakeholder dan key person dengan secara berkala melakukan        operational goals and plans so that it is possible to involve
 komunikasi untuk mengkoordinasikan tujuan dan rencana             local community resources around the service site which aims
 operasional sehingga memungkinkan melibatkan sumber               to support community empowerment. Social responsibility
 daya masyarakat lokal di sekitaran site services yang bertujuan   efforts (Corporate Social Responsibility) also play a strategic
 untuk mendukung pemberdayaan masyarakat. Upaya                    role in building mutually supportive relationships between
 tanggung jawab sosial (Corporate Social Responsibility) juga      the project entity, stakeholders and the local community,
 memegang peran strategis dalam membangun hubungan yang            which ultimately creates productive collaboration for smooth
 saling mendukung antara project entity dengan stakeholder         operational activities and the benefit of the local community.
 dan masyarakat setempat yang pada akhirnya menjadi
 tercipta kolaborasi yang produktif untuk kelancaran kegiatan
 operasional dan kemaslahatan bagi masyarakat setempat.




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    Sementara untuk tahapan pasca operasi, fungsi community             Meanwhile, for the post-operation stage, the community
    relation harus berupaya untuk memastikan bahwa dalam                relations function must make sure that in closing the project,
    closing project harus tuntas dan tidak meninggalkan                 it has to be complete and does not leave problems related to
    permasalahan terkait damage claim kepada masyarakat. Hal            damage claims to the community. This can be achieved with a
    tersebut bisa tercapai dengan pemahaman yang baik terhadap          good understanding of the existing community commodities
    komoditi masyarakat yang ada dengan melibatkan asistensi            by involving assistance from relevant stakeholders so that
    dari pihak stakeholder terkait sehingga didapatkan langkah          appropriate handling steps are obtained.
    penanganan yang tepat.

    Dari beberapa site project yang berjalan di Upstream dan EPC        From several operational project sites at the Upstream and
    OM, fungsi community relation telah memberikan pengawalan           EPC OM, the community relations function has provided
    dan dukungan terhadap pelaksanaan kegiatan operasi,                 supervision and support for the implementation of
    sehingga dari setiap kendala-kendala yang timbul akibat             operational activities, where any obstacles that arise due to
    adanya gesekan antara entity project dengan masyarakat              friction between the project entity and the local community
    setempat dapat diselesaikan dan mendapatkan solusinya               can be resolved and obtained a good solution. This will of
    dengan baik. Hal ini tentunya akan menambah experience dan          course increase the experience and knowledge so that it will
    knowledge sehingga makin melengkapi competency personel             further complement the competency of community relations
    community relation yang tersebar di berbagai penjuru area           personnel who are spread across various corners of the project
    site project.                                                       site area.

    Hal ini tentunya akan menjadikan rasa optimisme kepada              This will certainly create a sense of optimism for community
    personil community relation dalam menghadapi berbagai               relations personnel to face various existing challenges and
    tantangan dan kendala yang ada. Sehingga dengan berjalannya         obstacles. So that as time goes by, professionalism basedon
    waktu, profesionalisme yang berpijak dari kompetensi akan           competence will continue to develop and complement each
    terus berkembang dan saling melengkapi, yang menjadikan             other, making community relations personnel reliable..
    personil community relation yang dapat diandalkan.

2. CSR & Event                                                      2. CSR & Event
   Fungsi CSR & Corporate Event adalah fungsi yang diberikan           The CSR & Corporate Event function is entrusted with
   amanah untuk mengembangkan dan menetapkan standar                   developing and establishing governance and implementation
   tata kelola dan tata laksana program tanggung jawab sosial          standards for the company’s social and environmental
   dan lingkungan perseroan. Dalam hal ini, Tanggung Jawab             responsibility programs. In this regard, the company’s Social
   Sosial Lingkungan (TJSL) atau CSR Perseroan lebih mengarah          and Environmental Responsibility (TJSL) or CSR programs focus
   kepada program community involvement dan development.               more on community involvement and development.

    Pada 2024, secara konsolidasi Perseroan telah memberikan        In 2024, the company has provided benefits to 86,873 people
    manfaat kepada 86.873 orang yang tersebar di seluruh                across Indonesia. The total consolidated funds disbursed by
    Indonesia. Dana yang telah dikeluarkan perseroan secara             the company amounted to Rp6,389,448,301.
    konsolidasian adalah sebesar Rp6.389.448.301.

    Kegiatan TJSL meliputi bidang lingkungan, pendidikan,               The TJSL activities cover the fields of environment, education,
    kesehatan, ekonomi dan sosial. Sebaran data yang diperoleh          health, economy, and social welfare. The distribution of data
    sepanjang tahun 2024 adalah sebagai berikut:                        collected throughout 2024 is as follows:


                                                         Jumlah Dana (Rp)
                  Bidang                                                                                     Fields
                                                        Amount of Funds (Rp)

 Lingkungan                                                                887.008.255                                   Environment
 Pendidikan                                                               1.058.208.472                                     Education
 Kesehatan                                                                 771.603.623                                         Health
 Ekonomi                                                                   532.673.961                                       Economy
 Sosial                                                                   3.099.161.320                                         Social




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Unit Audit Internal
   Unit Audit Internal

Unit Audit Internal memiliki tugas untuk memberikan evaluasi      The Internal Audit Unit is responsible for providing an objective
yang objektif terhadap operasional dan kepatuhan Perseroan        evaluation of the Company’s operations and compliance with
terhadap kebijakan serta regulasi yang berlaku. Unit Audit        applicable policies and regulations. The Internal Audit Unit is also
Interal juga berkomitmen untuk meningkatkan transparansi,         committed to enhancing transparency, efficiency, and supporting
efisiensi, serta mendukung pencapaian tujuan bisnis Perseroan     the sustainable achievement of the company’s business objectives
secara berkelanjutan melalui proses audit yang sistematis dan     through a systematic and risk-based audit process.
berbasis risiko.

DASAR PENGANGKATAN CHIEF AUDIT                                    BASIS OF APPOINTMENT OF THE CHIEF AUDIT
EXECUTIVE                                                         EXECUTIVE
Fungsi Internal Audit PT Elnusa Tbk dipimpin oleh seorang Chief   The Internal Audit function of PT Elnusa Tbk is led by a Chief
Audit Executive yang diangkat dan diberhentikan oleh Direktur     Audit Executive, who is appointed and dismissed by the President
Utama atas persetujuan Dewan Komisaris. Pada tahun 2024           Director with the approval of the Board of Commissioners. In
Chief Audit Executive dijabat oleh Tugimin yang ditetapkan        2024, the position of Chief Audit Executive is held by Tugimin,
berdasarkan Surat Keputusan Direksi PT Elnusa Tbk No.764/EN/      as stipulated in the Decision Letter of the Board of Directors of
KPTS/000D/2022 tanggal 1 September 2022 tentang Penunjukan        PT Elnusa Tbk No. 764/EN/KPTS/000D/2022 dated September 1,
Chief Audit Executive.                                            2022, regarding the Appointment of the Chief Audit Executive.




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PROFIL CHIEF AUDIT EXECUTIVE
PROFILE OF THE CHIEF AUDIT EXECUTIVE


                                       TUGIMIN
                                       Chief Audit Executive

                                       DATA PRIBADI | PERSONAL DATA
                                       Warga Negara Indonesia | Indonesian Citizen
                                       Usia 43 tahun per 31 Desember 2024 | Age 43 years old as of December 31, 2024
                                       Domisili Bekasi | Domicile Bekasi

                                        Dasar Hukum               No.764/EN/KPTS/000D/2022                   No.764/EN/KPTS/000D/2022
                                        Penunjukan
                                        Legal Basis of
                                        Appointment
                                        Pendidikan                Sarjana Akuntansi, Universitas Indonesia   Bachelor in Accounting, Universitas
                                        Education                 (2004)                                     Indonesia (2004)
                                        Pengalaman Kerja          • Manager Region I dan Manager Region      • Region I Manager and Region III
                                        Work Experience             III PT Kilang Pertamina Internasional      Manager of PT Kilang Pertamina
                                                                    (Oktober 2020–Agustus 2022)                Internasional (October 2020–August
                                                                  • Auditor dan Senior Auditor                 2022)
                                                                    PT Pertamina (Persero) (Februari         • Auditor and Senior Auditor of
                                                                    2012–September 2020)                       PT Pertamina (February 2012–
                                                                  • Pemeriksa pada Badan Pemeriksa             September 2020)
                                                                    Keuangan Republik Indonesia (BPK RI)     • Auditor at the Financial Audit Agency
                                                                    (Juli 2007–Januari 2011)                   of the Republic of Indonesia (BPK RI)
                                                                                                               (July 2007– January 2011)
                                        Rangkap Jabatan           Tidak ada                                  None
                                        Concurrent Position
                                        Sertifikasi Profesi     1. Chartered Accountant (CA)                 1. Chartered Accountant (CA)
                                        Professional            2. Qualified Internal Auditor (QIA)          2. Qualified Internal Auditor (QIA)
                                        Certifications          3. Certified Fraud Examiner (CFE)            3. Certified Fraud Examiner (CFE)
                                                                4. Certified Internal Auditor (CIA)          4. Certified Internal Auditor (CIA)
                                        Daftar Training/        1. Fraud Auditing I (Class room, 16          1. Fraud Auditing I (Classroom, August
                                        Sertifikasi/Workshop/       Agustus 2024)                                16, 2024)
                                        Seminar yang Diikuti    2. Undang-Undang Perlindungan Data           2. Personal Data Protection Law Batch 1
                                        pada tahun 2024             Pribadi Batch 1 (Class room, 20              (Classroom, August 20, 2024)
                                        List of Training/           Agustus 2024)
                                        Certification/Workshop/ 3. ELDP - Leader’s Sharing Human             3. ELDP - Leader’s Sharing Human
                                        Seminar Attended in         Capital Management (Webinar, 25             Capital Management (Webinar,
                                        2024                        Januari 2024)                               January 25, 2024)
                                                                4. Meningkatkan Kapabilitas Bisnis           4. Enhancing Business Capability in
                                                                    Seismic Transisi Zone dengan                Seismic Transition Zone with PGDS
                                                                    Pembuatan PGDS (Portable Gun                (Portable Gun Deployment System)
                                                                    Deployment System ) di Area Zona            Development in Shallow Water
                                                                    Perairan Dangkal pada Proyek 2D             Zones at the 2D Multizone Buton
                                                                    Multizona Buton secara mandiri di           Project, conducted independently by
                                                                    PT Elnusa Tbk ( Webinar, 6 Juni 2024);      PT Elnusa Tbk (Webinar, June 6, 2024)
                                                                5. Legal Preventive Program (Webinar, 8      5. Legal Preventive Program (Webinar,
                                                                    November 2024);                             November 8, 2024)
                                                                6. Leader Motivation Session:                6. Leader Motivation Session:
                                                                    Extraordinary Leadership                    Extraordinary Leadership (November
                                                                    (25 November 2024)                          25, 2024)




PIHAK YANG MENGANGKAT DAN                                              THE PARTY RESPONSIBLE FOR THE
MEMBERHENTIKAN CHIEF AUDIT EXECUTIVE                                   APPOINTMENT AND DISMISSAL OF THE CHIEF
                                                                       AUDIT EXECUTIVE
Internal Audit dipimpin oleh seorang Chief Audit Executive             The Internal Audit Unit led by a Chief Audit Executive who is
yang diangkat dan diberhentikan oleh Direktur Utama dengan             appointed and dismissed by the President Director with approval
persetujuan Dewan Komisaris. Selanjutnya setiap pengangkatan           from the Board of Commissioners. Furthermore, every time the
atau pemberhentian Chief Audit Executive, perusahaan                   Chief Audit Executive is appointed or dismissed, the company
wajib menyampaikan pemberitahuan kepada Otoritas Jasa                  is required to provide notification to the Financial Services
Keuangan (OJK).                                                        Authority (OJK).




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STRUKTUR ORGANISASI DAN KEDUDUKAN                                                ORGANIZATIONAL STRUCTURE AND THE
INTERNAL AUDIT                                                                   POSITION OF THE INTERNAL AUDIT
Secara struktural Chief Audit Executive bertanggungjawab kepada                  Structurally, the Chief Audit Executive is responsible to the
Direktur Utama dan mempunyai hubungan fungsional dengan                          President Director and has a functional relationship with the Audit
Komite Audit.                                                                    Committee.

STRUKTUR ORGANISASI INTERNAL AUDIT
Internal Audit Organizational Structure


                                                 DIREKTUR UTAMA                                     KOMITE AUDIT
                                                  President Director                                Audit Committee



                                               CHIEF AUDIT EXECUTIVE
                                                 Kepala Internal Audit




                              Senior Auditor                   Auditor Planning& Monitoring



                                   Auditor



                              Junior Auditor




Jumlah SDM Unit Audit Internal ada 9 (sembilan) orang dengan                     The Internal Audit Unit consisted of 9 (nine) personnel with with
rincian sebagai berikut:                                                         details as follows:


                                                                       Jumlah (orang)
                         Jabatan                                                                                       Position
                                                                        Total (person)

 Chief Audit Executive                                                       1                                                    Chief Audit Executive
 Audit Planning & Monitoring                                                 1                                         Audit Planning & Monitoring
 Senior Auditor Operation                                                    1                                             Senior Auditor Operation
 Senior Auditor Support                                                      1                                               Senior Auditor Support
 Auditor                                                                     2                                                                 Auditor
 Junior Auditor                                                              3                                                          Junior Auditor
 Jumlah                                                                      9                                                                    Total


SERTIFIKASI PROFESI INTERNAL AUDIT                                               CERTIFICATION OF NTERNAL AUDIT
                                                                                 PROFESSION
Sesuai dengan Standar Profesi Internal Audit, personel Internal                  In accordance with the Internal Audit Professional Standards,
Audit wajib mengembangkan pengetahuan dan kompetensi                             Internal Audit personnel must develop knowledge and
melalui sertifikasi profesi. Auditor wajib memenuhi kualifikasi dan              competence through professional certification. Auditors must
persyaratan antara lain:                                                         meet the qualifications and requirements, among others:
1. Memiliki integritas dan perilaku yang profesional, independen,                1. Have integrity and professional, independent, honest and
    jujur dan objektif dalam pelaksanaan tugasnya,                                   objective behavior in the performance of their duties,
2. Memiliki pengetahuan dan pengalaman mengenai teknis audit                     2. Have knowledge and experience of technical auditing and
    dan disiplin ilmu lain yang relevan dengan bidang tugasnya,                      other disciplines relevant to his/her field of work,
3. Memiliki pengetahuan tentang peraturan perundang-                             3. Knowledge of capital market laws and regulations and other
    undangan di bidang pasar modal dan peraturan perundang-                          laws and regulations,
    undangan lainnya,




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4. Memiliki kecakapan untuk berinteraksi dan berkomunikasi            4. Have the ability to interact and communicate both orally and
   baik lisan maupun tertulis secara efektif,                            in writing effectively,
5. Wajib mematuhi standar profesi yang dikeluarkan oleh asosiasi      5. Must comply with professional standards issued by the
   Audit Internal,                                                       Internal Audit association,
6. Wajib mematuhi kode etik Internal Audit (Integritas,               6. Must comply with the Internal Audit code of ethics (Integrity,
   Objektivitas, Kerahasiaan dan Kompetensi),                            Objectivity, Confidentiality and Competence),
7. Wajib menjaga kerahasiaan informasi dan/atau data                  7. Must maintain the confidentiality of Company information
   Perusahaan terkait pelaksanaan tugas dan tanggung jawab               and/or data related to the implementation of Internal Audit
   Audit Internal kecuali diwajibkan berdasarkan peraturan               duties and responsibilities unless required by laws and
   perundang-undangan atau penetapan/putusan pengadilan,                 regulations or court decisions,
8. Memahami prinsip-prinsip tata kelola perusahaan yang baik          8. Understanding the principles of good corporate governance
   dan manajemen risiko dan                                              and risk management and
9. Bersedia meningkatkan pengetahuan, keahlian dan                    9. Willing to continuously improve their knowledge, skills and
   kemampuan profesionalismenya secara terus menerus.                    professionalism.

Untuk itu seluruh auditor dilengkapi dengan pengetahuan yang          For this reason, all auditors are equipped with knowledge that
perlu ditingkatkan secara berkelanjutan. Berikut daftar sertifikasi   needs to be improved on an ongoing basis. The following is a list of
pekerja Internal Audit:                                               Internal Audit employee certifications:
1. Satu orang yaitu Chief Audit Executive yang memiliki sertifikat    1. One person is the Chief Audit Executive who holds Certified
    Certified Internal Auditor (CIA), Chartered Accountant (CA),          Internal Auditor (CIA), Chartered Accountant (CA), Certified
    Certified Fraud Examiner (CFE) dan Qualified Internal Auditor         Fraud Examiner (CFE) and Qualified Internal Auditor (QIA)
    (QIA);                                                                certificates;
2. Empat orang Auditor memiliki sertifikat Qualified Internal         2. Four Auditors have a Qualified Internal Auditor (QIA)
    Auditor (QIA); dan                                                    certificate; and
3. Tiga orang Junior Auditor saat ini dalam proses pendidikan         3. Three Junior Auditors are currently in the process of tiered
    sertifikasi berjenjang.                                               certification education.

PIAGAM UNIT AUDIT INTERNAL                                            INTERNAL AUDIT UNIT CHARTER
Dalam melaksanakan tugas dan tanggung jawabnya, Internal              In carrying out its duties and responsibilities, Internal Audit refers
Audit mengacu pada Piagam Audit Internal (Audit Charter)              to the Internal Audit Charter (Audit Charter) which was first
yang ditetapkan pertama kali oleh Direksi PT Elnusa Tbk melalui       established by the Board of Directors of PT Elnusa Tbk through SK
SK No. 053/EN/KPTS/000d/2009 tanggal 2 Januari 2009 dan               No. 053/EN/KPTS/000d/2009 dated January 2, 2009 and has been
telah dilakukan pembaharuan terakhir pada tahun 2023 yang             renewed last in 2023 signed by the President Director, President
ditandatangani oleh Direktur Utama, Komisaris Utama dan Chief         Commissioner and Chief Audit Executive. The renewal of the
Audit Executive. Pembaruan Piagam Internal Audit mengacu              Internal Audit Charter refers to the prevailing laws and regulations
pada Peraturan dan Perundang-undangan yang berlaku dan                and the International Standards for the Professional Practice of
International Standards for the Professional Practice of Internal     Internal Auditing (IPPF) established by The Institute of Internal
Auditing (IPPF) yang ditetapkan oleh The Institute of Internal        Auditors. Broadly speaking, the contents of the Internal Audit
Auditors. Secara garis besar, isi dari Piagam Internal Audit adalah   Charter are as follows:
sebagai berikut:
1. Visi                                                               1. Vision
2. Misi                                                               2. Mission
3. Tujuan                                                             3. Destination
4. Ruang lingkup                                                      4. Scope
5. Prinsip Utama                                                      5. Key Principles
6. Kedudukan                                                          6. Position
7. Independensi                                                       7. Independence
8. Wewenang                                                           8. Authority
9. Tugas dan Tanggung Jawab                                           9. Duties and Responsibilities
10. Standar Pelaksanaan Internal Audit                                10. Internal Audit Implementation Standards

TUGAS DAN TANGGUNG JAWAB                                              DUTIES AND RESPONSIBILITIES
Fungsi Internal Audit bertugas membantu perusahaan dalam              The Internal Audit function is tasked with assisting the company
mencapai tujuannya dengan cara mengevaluasi dan meningkatkan          in achieving its objectives by evaluating and improving the
efektivitas GCG, proses pengendalian intern dan manajemen             effectiveness of GCG, internal control processes and risk
risiko. Untuk dapat mewujudkan hal tersebut, maka sebagaimana         management. To be able to realize this, then as stated in the
yang tertuang dalam Piagam Internal Audit, Fungsi Internal Audit      Internal Audit Charter, the Internal Audit Function has the
memiliki tugas dan tanggung jawab sebagai berikut:                    following duties and responsibilities:

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1. Melaksanakan kegiatan pengawasan melalui kegiatan               1. Carry out supervisory activities through assurance and
   assurance dan consulting di seluruh area kegiatan operasional      consulting activities in all areas of the Company’s operations
   dan bisnis Perusahaan;                                             and business activities;
2. Memastikan aspek integritas, objektivitas, kerahasiaan dan      2. Ensure that aspects of integrity, objectivity, confidentiality and
   kompetensi diterapkan secara memadai;                              competence are adequately applied;

3. Menyusun dan mengusulkan Annual Audit Plan (AAP) yang           3. Prepare and propose an Annual Audit Plan (AAP) which
   mencakup antara lain objek penugasan, jadwal penugasan, dan        includes, among others, the assignment object, assignment
   resources yang dibutuhkan untuk mendapatkan persetujuan            schedule, and resources required to obtain approval from the
   Direktur Utama, dan Dewan Komisaris melalui Komite Audit;          President Director, and the Board of Commissioners through
                                                                      the Audit Committee;
4. Melakukan reviu AAP yang sedang berjalan, untuk memastikan      4. Review the ongoing AAP, to ensure its suitability to the
    kesesuaiannya dengan proses bisnis dan risiko Perusahaan,         Company’s business processes and risks, as well as the scope
    serta lingkup dan tujuan penugasan;                               and objectives of the assignment;
5. Mengkomunikasikan keterbatasan sumber daya pelaksanaan          5. Communicate resource constraints, AAP changes, and policy
    penugasan, perubahan AAP, dan perubahan arah kebijakan            direction changes to the President Director, and the Board of
    kepada Direktur Utama, dan Dewan Komisaris melalui Komite         Commissioners through the Audit Committee;
    Audit;
6. Memastikan setiap penugasan dilakukan dengan supervisi          6. Ensure that each assignment is carried out with supervision
    dan didukung dengan kertas kerja yang memadai, serta              and supported by adequate working papers, and that the
    rekomendasi, advice, dan insight yang disampaikan dapat           recommendations, advice and insights delivered can be
    diimplementasikan oleh Auditee;                                   implemented by the Auditee;
7. Memastikan Fungsi Internal Audit secara kolektif memiliki/      7. Ensure that the Internal Audit Function collectively possesses/
    memperoleh pengetahuan, keterampilan dan kompetensi               acquires adequate knowledge, skills and competencies.
    yang memadai.
8. Melaksanakan koordinasi pengelolaan kegiatan Internal Audit     8. Coordinate the management of Internal Audit activities that
    yang tidak terbatas pada kegiatan assurance dan consulting         are not limited to assurance and consulting activities with
    dengan Internal Audit Anak Perusahaan Services;                    Internal Audit Subsidiary Services;
9. Menguji dan mengevaluasi efektivitas pengendalian dan           9. Test and evaluate the effectiveness of controls and risk
    manajemen risiko;                                                  management;
10. Melaksanakan pemeriksaan kepatuhan terhadap peraturan          10. Carry out compliance checks with relevant laws and
    perundangan terkait;                                               regulations;
11. Mengidentifikasi alternatif perbaikan dan peningkatan          11. Identify alternatives to improve and increase the Company’s
    efisiensi operasional Perusahaan;                                  operational efficiency;
12. Melaksanakan koordinasi dengan Komite Audit;                   12. Coordinate with the Audit Committee;
13. Melaporkan hasil pengawasan kepada Direktur Utama dan          13. Report the results of supervision to the President Director and
    Direktur lainnya yang relevan;                                     other relevant Directors;
14. Memonitor pelaksanaan tindak lanjut hasil audit internal,      14. Monitor the implementation of follow-up results of internal,
    eksternal dan institusi pengawasan lainnya dan melaporkan          external and other supervisory institutions and report
    secara periodik kepada Direktur Utama dan Komite Audit;            periodically to the President Director and Audit Committee;
15. Melaksanakan koordinasi kegiatan audit/pemeriksaan oleh        15. Coordinate audit/examination activities by external auditors;
    auditor eksternal;
16. Melaksanakan koordinasi dengan Fungsi Pengawas                 16. Coordinate with the Company’s Supervisory Function in
    Perusahaan dalam melakukan tindak lanjut atas pengaduan/           conducting follow-up on complaints / disclosures through the
    penyingkapan melalui Whistleblowing System (WBS) dan               Whistleblowing System (WBS) and complaints from the public
    pengaduan masyarakat atau pihak lainnya sesuai dengan              or other parties in accordance with applicable regulations;
    ketentuan yang berlaku;
17. Melaksanakan audit investigasi terhadap masalah yang dapat     17. Carry out investigative audits on issues that may cause losses
    menimbulkan kerugian bagi Perusahaan, di Elnusa Holding            to the Company, in Elnusa Holding and Subsidiaries;
    dan Anak Perusahaan;
18. Melaksanakan evaluasi dan peningkatan mutu (improvement        18. Carry out evaluation and quality improvement (improvement
    program) kegiatan Internal Audit;                                  program) of Internal Audit activities;
19. Melaporkan hasil kegiatan Internal Audit kepada Direktur       19. Report the results of Internal Audit activities to the President
    Utama, dan Dewan Komisaris melalui Komite Audit;                   Director, and the Board of Commissioners through the Audit
                                                                       Committee;
20. Melaksanakan penugasan lain yang diamanatkan oleh Direksi,     20. Carry out other assignments mandated by the Board of
    Dewan Komisaris dan/atau Komite Audit.                             Directors, Board of Commissioners and/or Audit Committee.



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WEWENANG INTERNAL AUDIT                                              INTERNAL AUDIT AUTHORITY
Untuk mendukung kelancaran pelaksanaan tugasnya, Unit Audit          To support the smooth implementation of its duties, the Internal
Internal diberikan wewenang untuk:                                   Audit Unit is authorized to:
1. Memiliki akses tidak terbatas atas semua data, dokumen,           1. Have unrestricted access to all data, documents, functions,
    fungsi, kegiatan, dan sumber daya Perusahaan lainnya                 activities, and other Company resources including requesting
    termasuk meminta keterangan atau penjelasan pada semua               information or explanations to all officials / workers in the
    pejabat/pekerja dalam rangka pelaksanaan tugas Internal              context of carrying out Internal Audit duties;
    Audit;
2. Menentukan ruang lingkup, metode, cara, teknik, strategi dan      2. Determine the scope, methods, means, techniques, strategies
    pendekatan audit;                                                   and approaches of the audit;
3. Melaksanakan komunikasi secara langsung dengan Direksi,           3. Communicate directly with the Board of Directors, Board of
    Dewan Komisaris, dan/atau Komite Audit;                             Commissioners, and/or Audit Committee;
4. Melaksanakan koordinasi dengan auditor eksternal dan              4. Coordinate with external auditors and other supervisory
    institusi pengawasan lainnya;                                       institutions;
5. Meminta atau mendapatkan bantuan dari pekerja internal            5. Request or obtain assistance from the Company’s internal
    Perusahaan maupun dari pihak luar Perusahaan, dalam rangka          workers or from outside the Company, in the context of
    pelaksanaan tugasnya;                                               carrying out its duties;
6. Mengadakan rapat secara berkala dan pada saat diperlukan          6. Hold meetings regularly and when necessary with the Board of
    dengan Direksi, Dewan Komisaris, dan/atau Komite Audit;             Directors, Board of Commissioners, and/or Audit Committee;
7. Menentukan arah kebijakan, struktur organisasi, pengelolaan       7. Determining policy direction, organizational structure,
    pembinaan karier pekerja (mutasi dan/atau promosi),                 management of employee career development (mutation
    pengelolaan manpower pelaksanaan penugasan, serta                   and/or promotion), management of manpower assignments,
    melakukan koordinasi dan pengawasan kegiatan Internal               as well as coordinating and supervising Internal Audit activities
    Audit di Elnusa Holding, dan Anak Perusahaan;                       in Elnusa Holding, and Subsidiaries;
8. Melaksanakan kegiatan assurance, consulting, dan audit            8. Carry out assurance, consulting, and investigative audit
    investigasi di Elnusa Holding dan Anak Perusahaan melalui           activities in Elnusa Holding and Subsidiaries through a
    mekanisme yang ditentukan sebelumnya.                               predetermined mechanism.

LAPORAN SINGKAT PELAKSANAAN KEGIATAN                                 BRIEF REPORT ON THE IMPLEMENTATION OF
INTERNAL AUDIT TAHUN 2024                                            INTERNAL AUDIT ACTIVITIES IN 2024
Pelaksanaan kegiatan internal audit dilakukan berdasarkan AAP        The implementation of internal audit activities is based on the AAP
yang telah disetujui oleh Direktur Utama dan Ketua Komite Audit.     approved by the President Director and the Chairman of the Audit
Aktivitas yang dilakukan oleh internal audit mencakup kegiatan       Committee. Activities carried out by internal audit include audit
audit yang direncanakan dalam AAP (Planned Assignment) dan           activities planned in the AAP (Planned Assignment) and other
kegiatan audit lainnya seperti Audit Khusus dan Konsultansi yang     audit activities such as Special Audits and Consultancies that are
tidak direncanakan dalam Annual Audit Plan (AAP) (Unplanned          not planned in the AAP (Unplanned Assignment). The following is
Assignment). Berikut gambaran aktivitas Audit tahun 2024:            an overview of Audit activities in 2024:



                          Planned Audit                                                      Unplanned Audit
 Audit Operasional                           6 Laporan              Audit Khusus                                  2 Laporan
 Audit Khusus                                1 Laporan
 Total                                       7 Laporan              Total                                         2 Laporan



Hasil pelaksanaan audit tertuang dalam Laporan Hasil Audit (LHA)     Results of the audit implementation are stated in the Audit Result
yang antara lain memuat rekomendasi perbaikan dan laporan            Report (LHA), which, among others, contains recommendations
tersebut disampaikan kepada pihak Manajemen dan Komite Audit,        for improvements that are reported to the Management and
serta tindak lanjutnya dimonitor secara berkala. Selain melakukan    the Audit Committee, and follow-up actions are monitored
monitoring penyelesaian tindak lanjut rekomendasi audit internal,    periodically. Apart from monitoring the completion of follow-
juga melakukan monitoring terhadap rekomendasi hasil audit           up actions to internal audit recommendations, we also monitor
eksternal seperti Audit BPK RI dan Kantor Akuntan Publik (KAP).      recommendations from external audits such as the Audit of BPK
                                                                     RI, Pertamina Persero and the Public Accounting Firm (KAP).




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RAPAT INTERNAL AUDIT                                                 INTERNAL AUDIT MEETINGS

Kebijakan Rapat                                                      Kebijakan Rapat
Dalam rangka meningkatkan koordinasi yang efektif, Internal          In order to improve effective coordination, Internal Audit
Audit secara berkala melaksanakan rapat dengan Direksi, Dewan        regularly holds meetings with the Board of Directors, Board of
Komisaris dan/atau Komite Audit. Selama tahun 2024, Internal         Commissioners and/or Audit Committee. During 2024, Internal
Audit melaksanakan rapat dengan Komite Audit setiap dua bulan        Audit held meetings with the Audit Committee every two months
dengan agenda rapat diantaranya membahas tentang progres             with the meeting agenda that discussed the progress of the audit
penugasan audit termasuk tindak lanjutnya. Rapat juga dapat          assignment including their follow-ups.
diselenggarakan secara insidentil sesuai dengan kebutuhan. Selain    Some of the meetings were also held incidentally as needed. In
itu Internal Audit juga menghadiri Rapat Direksi yang dilaksanakan   addition, Internal Audit also attended the Board of Directors
satu kali dalam seminggu.                                            weekly Meetings.

REALISASI RAPAT
Meeting Realization


                                                                      Rapat dengan:
                                                                     Meeting Held with:

                                                 Dewan Komisaris
                               Direksi                                  Komite Audit          Auditor Eksternal
                                                    Board of                                                            Internal
                          Board of Directors                           Audit Committee        External Auditor
                                                  Commissioners

 Jumlah Rapat                    45                     11                    12                     11                    27
 Number of Meetings


PENGEMBANGAN KOMPETENSI UNIT AUDIT                                   COMPETENCY DEVELOPMENT OF THE
INTERNAL                                                             INTERNAL AUDIT UNIT
Pekerja Internal Audit juga mengikuti pelatihan non sertifikasi      Internal Audit personnel also participate in non-certification
selain ikut serta dalam standardisasi kompetensi melalui             training programs in addition to professional certification
sertifikasi profesi. Pengembangan kompetensi ini agar dapat          standardization. This competency development aims to support
menunjang pengembangan manajerial maupun kompetensi audit            both managerial development and direct audit competency
secara langsung, dalam rangka meningkatkan kompetensi dan            enhancement, in order to improve the skills and professionalism
profesionalisme personel Internal Audit.                             of Internal Audit personnel.

Internal Audit juga berperan aktif mengikuti forum Seminar           Internal Audit actively participates in seminar forums such as the
seperti seminar Forum Komunikasi Satuan Pengawasan Intern            Internal Supervision Unit Communication Forum (FKSPI) for the
(FKSPI) ESDM dan BUMN serta koordinasi dengan Internal Audit         Energy and Mineral Resources (ESDM) sector and State-Owned
PT Pertamina Group. Program ini diharapkan mampu memberikan          Enterprises (BUMN), as well as coordination with the Internal
dampak positif terhadap produktivitas dan efektivitas kinerja        Audit division of PT Pertamina Group. This program is expected
Internal Audit.                                                      to have a positive impact on the productivity and effectiveness of
                                                                     Internal Audit’s performance.

Informasi secara rinci mengenai pengembangan serta pelatihan         Detailed information regarding the development and training
Internal Audit selama tahun 2024 sebagai berikut:                    programs undertaken by Internal Audit throughout 2024 is as
                                                                     follows:




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            Nama                Tanggal                       Judul Pelatihan                            Lokasi          Penyelenggara
No.
            Name                 Date                         Name of Training                          Location           Organizer

1     Achmad Dwiana       22 Mei 2024         Company Preparedness for Personal Data              Classroom Training   Elnusa
      Chandra Kus         May 22, 24          Protection Act
      Junior Auditor
                          6 Juni 2024         Meningkatkan Kapabilitas Bisnis Seismic Transisi    Webinar              Elnusa
                          June 6, 2024        Zone dengan Pembuatan PGDS (Portable Gun
                                              Deployment System) di Area Zona Perairan
                                              Dangkal pada Proyek 2D Multizona Buton secara
                                              Mandiri di PT Elnusa Tbk
                                              Improving Seismic Transition Zone Business
                                              Capability by Making PGDS (Portable Gun
                                              Deployment System) in the Shallow Water
                                              Zone Area at the Buton Multizona 2D Project
                                              Independently at PT Elnusa Tbk
                          22 Juli 2024        Pelatihan Pembekalan Certified Internal Auditor     Classroom Training   Pertamina
                          July 22, 2024       Certified Internal Auditor Debriefing Training                           Corporate
                                                                                                                       University
                          26 September 2024   BST (Fire Fighting & First Aid)                     Sertifikasi          Elnusa
                          September 26,
                          2024
                          15 Oktober 2024     Awareness Session Pelindungan Data Pribadi          Sharing Session      Elnusa
                          October 15, 2024
                          6 November 2024     Finance For Finance                                 Classroom Training   Prasetya Mulya
                          November 6, 2024
2     Danang Swastiko-    27 Februari 2024    Training & Workshop CIP untuk Agen CIP:             Classroom Training   Elnusa
      Auditor             February 27, 2024   Batch 2
                          22 Mei 2024         Company Preparedness for Personal Data              Classroom Training   Elnusa
                          May 22, 24          Protection Act
                          6 November 2024     Finance For Finance                                 Classroom Training   Prasetya Mulya
                          November 6, 2024
3     Erika Putri Dewi-   6 Juni 2024         Meningkatkan Kapabilitas Bisnis Seismic Transisi    Webinar              Elnusa
      Audit Planning &    June 6, 2024        Zone dengan Pembuatan PGDS (Portable Gun
      Monitoring                              Deployment System) di Area Zona Perairan
                                              Dangkal pada Proyek 2D Multizona Buton secara
                                              Mandiri di PT Elnusa Tbk
                                              Improving Seismic Transition Zone Business
                                              Capability by Making PGDS (Portable Gun
                                              Deployment System) in the Shallow Water
                                              Zone Area at the Buton Multizona 2D Project
                                              Independently at PT Elnusa Tbk
                          4 Juli 2024         Global Internal Audit Standard-Journey for the      Workshop             FKSPI
                          July 4, 2024        Future of Internal Audit Function to Creating
                                              Value
                          6 Juli 2024         Meningkatkan Keandalan Struktur Rig EHR 01          Webinar              Elnusa
                          July 6, 2024        dengan Pemasangan Outrigger pada Konduktor
                                              Sumur BW 04 & BW 06 di BW Platform
                                              Pertamina EP Asset 4 Field Poleng
                                              Improving the Reliability of EHR 01 Rig Structure
                                              with Outrigger Installation on Well Conductors
                                              BW 04 & BW 06 at BW Platform Pertamina EP
                                              Asset 4 Field Poleng
                          28 Juni 2024        Certified Information System Auditor (CISA)         Classroom Training   Pertamina
                          June 28, 2024       Review Course                                                            Corporate
                                                                                                                       University
                          28 Agustus 2024     Internal Control over Financial Reporting (ICoFR)   Classroom Training   Pertamina
                          August 28, 2024                                                                              Corporate
                                                                                                                       University
4     Fahmi Ramdhan-      4 Juli 2024         Global Internal Audit Standard-Journey for the      Seminar              FKSPI
      Junior Auditor      July 4, 2024        Future of Internal Audit Function to Creating
                                              Value
                          15 Juli 2024        Launching Aplikasi ERMS                             Classroom Training   Elnusa
                          July 15, 2024
                          20 Agustus 2024     Undang-Undang Pelindungan Data Pribadi              Classroom Training   Elnusa
                          August 20, 2024     Batch 1
                          6 November 2024     Finance For Finance                                 Classroom Training   Prasetya Mulya
                          November 6, 2024


                                                                                               2024 Annual Report PT ELNUSA Tbk     395
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          Corporate Governance




             Nama               Tanggal                       Judul Pelatihan                           Lokasi           Penyelenggara
No.
             Name                Date                         Name of Training                         Location            Organizer

5     Irma Devianti-Sr.   6 Juni 2024         Meningkatkan Kapabilitas Bisnis Seismic Transisi    Webinar              Elnusa
      Auditor Support     June 6, 2024        Zone dengan Pembuatan PGDS (Portable Gun
                                              Deployment System) di Area Zona Perairan
                                              Dangkal pada Proyek 2D Multizona Buton secara
                                              Mandiri di PT Elnusa Tbk
                                              Improving Seismic Transition Zone Business
                                              Capability by Making PGDS (Portable Gun
                                              Deployment System) in the Shallow Water
                                              Zone Area at the Buton Multizona 2D Project
                                              Independently at PT Elnusa Tbk
                          6 Juli 2024         Meningkatkan Keandalan Struktur Rig EHR 01          Webinar              Elnusa
                          July 6, 2024        dengan Pemasangan Outrigger pada Konduktor
                                              Sumur BW 04 & BW 06 di BW Platform
                                              Pertamina EP Asset 4 Field Poleng
                                              Improving the Reliability of EHR 01 Rig Structure
                                              with Outrigger Installation on Well Conductors
                                              BW 04 & BW 06 at BW Platform Pertamina EP
                                              Asset 4 Field Poleng
                          28 Juni 2024        Certified Information System Auditor (CISA)         Classroom Training   Pertamina
                          June 28, 2024       Review Course                                                            Corporate
                                                                                                                       University
                          28 Agustus 2024     Internal Control Over Financial Reporting           Classroom Training   Pertamina
                          August 28, 2024     (ICOFR)                                                                  Corporate
                                                                                                                       University
                          11 Desember 2024    Workshop Internal Global Internal Audit             Workshop             IAI
                          December 11, 2024   Standard (GIAS)
6     Siti Nur Utami-     15 Juni 2024        Qualified Internal Auditor (QIA)                    Classroom Training   Pertamina
      Junior Auditor      June 15, 2024                                                                                Corporate
                                                                                                                       University
                          28 Agustus 2024     Internal control over financial Reporting (ICOFR)   Classroom Training   Pertamina
                          August 28, 2024                                                                              Corporate
                                                                                                                       University
                          11 Desember 2024    Workshop Internal Global Internal Audit             Workshop             IAI
                          December 11, 2024   Standard (GIAS)
7     Wirawan             10 Juli 2024        Workshop Implementation BCMS Elnusa                 Workshop             Elnusa
      Moehammad-Sr.       July 10, 2024
      Auditor Operation
                          22 Juli 2024        Pelatihan Pembekalan Certified Internal Auditor     Classroom Training   Pertamina
                          July 22, 2024                                                                                Corporate
                                                                                                                       University
                          20 Agustus 2024     Undang-Undang Pelindungan Data Pribadi Batch        Classroom Training   Elnusa
                          August 20, 2024     1




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Sistem Pengendalian Internal
   Internal Control System

Sistem pengendalian internal merupakan elemen penting dalam       The internal control system is a crucial element in ensuring
memastikan efektivitas operasional, keandalan pelaporan           operational effectiveness, financial reporting reliability, and
keuangan, serta kepatuhan terhadap regulasi yang berlaku.         compliance with applicable regulations. The Company implements
Perseroan menerapkan sistem pengendalian internal secara          a comprehensive internal control system to identify, assess,
menyeluruh guna mengidentifikasi, menilai, dan mengelola risiko   and manage risks that may affect the achievement of business
yang dapat memengaruhi pencapaian tujuan bisnis.                  objectives.

Perseroan menjadikan sistem pengendalian internal menjadi salah   The Company regards the internal control system as one of the
satu sarana utama untuk dapat memastikan bahwa pengelolaan        primary tools to ensure that corporate management is conducted
Perusahaan telah dilaksanakan sesuai dengan prinsip-prinsip       in accordance with Good Corporate Governance (GCG) principles.
GCG. Penerapan sistem pengendalian internal diarahkan untuk       The implementation of the internal control system is aimed at
memastikan bahwa Perseroan telah memiliki suatu sistem yang       ensuring that the Company has a reliable system for regulatory
andal terhadap ketaatan atas peraturan perundang-undangan,        compliance, financial reporting, and asset security.
pelaporan keuangan, dan pengamanan aset.

SISTEM PENGENDALIAN KEUANGAN DAN                                  FINANCIAL AND OPERATIONAL CONTROL
OPERASIONAL                                                       SYSTEM
Penerapan Sistem Pengendalian Internal di lingkup perusahaan      The implementation of the Internal Control System within the
dilakukan pada dua aspek, yaitu pengendalian keuangan dan         company covers two aspects, financial control and operational
pengendalian operasional. Pengendalian keuangan diterapkan        control. Financial control is implemented by providing financial
perusahaan dengan cara menyediakan informasi keuangan bagi        information to all levels of management, shareholders, and
setiap tingkatan Manajemen, para Pemegang Saham, serta            stakeholders as a basis for decision-making. The company also
Pemangku Kepentingan yang dijadikan dasar pengambilan             enforces policies, procedures, and operational systems while
keputusan. Perusahaan juga menjalankan kebijakan, prosedur,       applying the latest accounting standards to accurately reflect its
sistem operasional, dan menerapkan standar akuntansi terbaru      financial performance.
guna menggambarkan kinerja keuangan yang aktual.

Pengendalian operasional yang dilakukan oleh Perusahaan           Operational control is carried out by the Company, among others
antara lain dengan mengevaluasi laporan kinerja operasional       by evaluating the Company’s operational performance reports.
Perusahaan, sehingga Direksi dapat memitigasi dan mendeteksi      With this, the Board of Directors can mitigate and detect control
terjadinya kelemahan pengendalian, kesalahan laporan keuangan,    weaknesses, financial reporting errors or other irregularities.
atau penyimpangan lainnya. Direksi juga menetapkan suatu          The Board of Directors also sets an effective internal control
sistem pengendalian intern yang efektif untuk mengamankan         system to safeguard the company’s investments and assets. The
investasi dan aset perusahaan. Lingkungan pengendalian intern     internal control environment within the company is implemented
dalam perusahaan dilaksanakan dengan disiplin dan terstruktur,    with discipline and structure, high integrity, ethical values and
integritas yang tinggi, nilai etika serta kompetensi karyawan.    employee competency.

PENGENDALIAN KEPATUHAN TERHADAP                                   COMPLIANCE CONTROL OF LAWS AND
PERATURAN PERUNDANG-UNDANGAN                                      REGULATIONS
Perseroan menerapkan sistem pengendalian internal secara          The company implements a comprehensive internal control
komprehensif guna memastikan kepatuhan terhadap peraturan         system to ensure compliance with applicable laws and regulations.
perundang-undangan yang berlaku. Perseroan memastikan             The company ensures that every operational activity, financial
bahwa setiap aktivitas operasional, pelaporan keuangan, serta     reporting, and business decision-making aligns with the
pengambilan keputusan bisnis selaras dengan ketentuan serta       prevailing regulations and legislation. The company is committed
perundang-undangan yang berlaku. Perseroan berkomitmen            to mitigating compliance risks, enhancing transparency, and
untuk memitigasi risiko kepatuhan, meningkatkan transparansi,     maintaining stakeholder trust.
serta menjaga kepercayaan pemangku kepentingan.




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KESESUAIAN SISTEM PENGENDALIAN                                        SUITABILITY OF THE COMPANY’S INTERNAL
INTERNAL PERUSAHAAN DENGAN KERANGKA                                   CONTROL SYSTEM TO THE INTERNATIONALLY
YANG DIAKUI SECARA INTERNASIONAL                                      RECOGNIZED FRAMEWORKS
Perseroan memiliki sistem pengendalian internal yang mengacu          The company has an internal control system that refers to an
kepada kerangka kerja yang diakui secara internasional, yakni         internationally recognized framework, namely the Committee of
Committee of Sponsoring Organization of the Treadway                  Sponsoring Organizations of the Treadway Commission (COSO).
Commission (COSO). Berdasarkan COSO, sistem pengendalian              According to COSO, the internal control system is a process
internal merupakan proses yang melibatkan Dewan Komisaris,            involving the Board of Commissioners, the Board of Directors, and
Direksi dan seluruh personil lainnya, yang selaras dengan sistem      all other personnel, aligning with the company’s existing internal
pengendalian internal yang ada di Perusahaan yang terus berupaya      control system. The company continuously strives to enhance
meningkatkan sistem kontrol organisasi dengan melibatkan              organizational control by involving all available resources.
seluruh sumber daya yang ada.

EVALUASI EFEKTIVITAS SISTEM                                           EVALUATION OF THE EFFECTIVENESS OF THE
PENGENDALIAN INTERNAL                                                 INTERNAL CONTROL SYSTEM
Secara berkala, Perseroan melakukan penelaahan dan evaluasi           Periodically, the Company conducts reviews and evaluations
atas efektivitas sistem pengendalian internal oleh auditor internal   of the effectiveness of its internal control system through both
maupun eksternal sesuai prosedur audit yang berlaku. Evaluasi         internal and external auditors in accordance with applicable audit
dilakukan pada tingkat korporat maupun tingkat operasional            procedures. Evaluations are carried out at both the corporate and
dengan menerapkan dan memelihara sistem pengendalian internal         operational levels by implementing and maintaining an adequate
dan prosedur pelaporan keuangan yang memadai sesuai ketentuan         internal control system and financial reporting procedures in
berlaku melalui fungsi Internal Audit dan Manajemen Risiko.           compliance with prevailing regulations through the Internal Audit
                                                                      and Risk Management functions.

Hasil evaluasi menjadi dasar bagi Perseroan untuk melakukan           The evaluation results serve as a basis for the Company to
perbaikan yang berkelanjutan, memperkuat mekanisme kontrol,           implement continuous improvements, strengthen control
serta meningkatkan efisiensi dan transparansi dalam menjalankan       mechanisms, and enhance efficiency and transparency in business
aktivitas bisnis. Melalui pendekatan ini, Perseroan berkomitmen       operations. Through this approach, the Company is committed to
untuk menjaga implementasi GCG serta memastikan keberlanjutan         upholding GCG implementation and ensuring sustainable, ethical
bisnis yang sehat dan berintegritas.                                  business practices.

PERNYATAAN DIREKSI DAN/ATAU DEWAN                                     STATEMENT OF THE BOARD OF DIRECTORS
KOMISARIS ATAS KECUKUPAN SISTEM                                       AND/ OR BOARD OF COMMISSIONERS WITH
PENGENDALIAN INTERNAL                                                 REGARD TO THE ADEQUACY OF THE INTERNAL
                                                                      CONTROL SYSTEM
Dewan Komisaris, melalui komite-komite yang telah dibentuk            The Board of Commissioners, through its established committees,
secara berkala melakukan pengkajian atas lingkungan pengendalian      periodically reviews the company’s control environment and
perusahaan dan melakukan penilaian secara independen yang             conducts independent assessments, which are communicated to
dikomunikasikan kepada Direksi untuk ditindaklanjuti. Reviu yang      the Board of Directors for follow-up actions. These reviews cover
dilakukan terkait mekanisme, struktur dan kecukupan infrastruktur     mechanisms, structures, and the adequacy of internal control
pengendalian internal.                                                infrastructure.

Hal ini tercermin dari kepatuhan dalam pelaksanaan evaluasi           This is reflected in compliance with evaluations of the adequacy
atas kecukupan efektivitas penerapan pengendalian internal            and effectiveness of internal control implementation, one
yang salah satunya dilakukan melalui kegiatan audit internal.         of which is carried out through internal audit activities. The
Perusahaan selalu menindaklanjuti rekomendasi yang dihasilkan         Company consistently follows up on recommendations resulting
dari pelaksanaan audit internal, sebagai bentuk usaha manajemen       from internal audits as part of its continuous efforts to enhance
perusahaan untuk selalu menyempurnakan sistem pengendalian            the internal control system, ensuring greater effectiveness and
internal agar bisa secara lebih efektif dan efisien serta mematuhi    efficiency while adhering to both internal and external regulations.
ketentuan yang berlaku baik internal maupun eksternal.

Tahun 2024, Direksi dan Dewan Komisaris memandang bahwa               In 2024, the Board of Directors and Board of Commissioners
penerapan sistem pengendalian internal di lingkungan Perusahaan       consider that the implementation of the internal control system
sudah cukup memadai. Namun demikian, Perusahaan akan terus            within the Company is sufficient. But the Company will continue to
melakukan perbaikan terkait penerapan sistem penggendalian            make improvements related to the implementation of the internal
internal agar dapat memberikan manfaat yang lebih besar lagi bagi     control system so that it can provide even greater benefits for the
Perusahaan.                                                           Company.



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Sistem Manajemen Risiko
    Risk Management System

Pelaksanaan pengelolaan risiko oleh Perusahaan, berdasarkan              The implementation of risk management by the Company, based
aspek Good Corporate Governance (GCG) berfokus pada prinsip-             on the aspects of Good Corporate Governance (GCG) focuses on
prinsip tata kelola perusahaan yang baik (TARIF) untuk memastikan        the principles of good corporate governance (TARIF) to ensure
keberlanjutan bisnis dan perlindungan kepentingan pemangku               business sustainability and protection of stakeholder interests.
kepentingan.

STRUKTUR ORGANISASI MANAJEMEN RISIKO                                     ORGANIZATIONAL STRUCTURE OF RISK
                                                                         MANAGEMENT
Enterprise Risk Management (ERM) dalam perusahaan memiliki               Enterprise Risk Management (ERM) within the company has a
struktur yang terorganisir dan sistematis sesuai dengan prinsip          structured and systematic framework aligned with the principles
Good Corporate Governance (GCG). Fungsi ERM berada di                    of Good Corporate Governance (GCG). The ERM function operates
bawah Direktur Keuangan berdasarkan SK Direksi No. 790/EN/               under the Finance Director, as stipulated in the Board of Directors
KPTS/005D/2022 (11 Oktober 2022) tentang Struktur dan Susunan            Decree No. 790/EN/KPTS/005D/2022 (October 11, 2022) regarding
Organisasi Enterprise Risk Management. Risk Owner dan Risk               the Structure and Organization of Enterprise Risk Management.
Champion adalah perpanjang tanganan dari Fungsi ERM dalam                Risk Owners and Risk Champions act as extensions of the ERM
pengelolaan risiko di Fungsi, Proyek, dan Anak Perusahaan, sesuai        function in risk management across Functions, Projects, and
dengan SK Direksi No. 601/EN/KPTS/000D/2022 (1 November                  Subsidiaries, in accordance with the Board of Directors Decree
2022) tentang Penunjukan Risk Owner dan Risk Champion Fungsi             No. 601/EN/KPTS/000D/2022 (November 1, 2022) on the
dan Proyek/Tender.                                                       Appointment of Risk Owners and Risk Champions for Functions
                                                                         and Projects/Tenders.

Peran Fungsi Internal Audit dan Komite Manajemen Risiko                  The role of the Internal Audit Function and the Risk Management
dalam Pengelolaan Risiko adalah melakukan pengawasan atas                Committee in Risk Management is to oversee the implementation
implementasi manajemen risiko untuk memastikan kepatuhan                 of risk management to ensure compliance and effectiveness.
dan efektivitasnya. Pelaporan Risiko dilakukan secara berkala            Risk reporting is conducted periodically to the Board of Directors
kepada Direksi melalui Fungsi ERM dan kepada Dewan Komisaris             through the ERM Function and to the Board of Commissioners
melalui Komite Pemantau Risiko dan Investasi.                            through the Risk and Investment Monitoring Committee.

                                                              FINANCE DIRECTOR
                                                 (Chief Risk Officer; Ketua Komite Manajemen
                                                                      Risiko)


                                                             SENIOR MANAGER
                                                         Enterprise Risk Management




                                       Project & Investment Risk              Strategic Corporate Risk
                                             Management                            Management




JUMLAH PERSONEL, KUALIFIKASI DAN                                         NUMBER OF PERSONNEL, QUALIFICATIONS
SERTIFIKASI FUNGSI ENTERPRISE RISK                                       AND CERTIFICATION OF ENTERPRISE RISK
MANAGEMENT (ERM)                                                         MANAGEMENT (ERM) FUNCTION
Seluruh personil Fungsi ERM yang berjumlah 4 (empat) dari 5              4 (four) of the 5 (five) All ERM Function personnel have obtained
(lima) orang telah memiliki sertifikasi tekait Manajemen Risiko          Risk Management-related certifications in carrying out their duties
dalam menjalankan tugas dan tanggung jawabnya, yaitu sebagai             and responsibilities, as given below:
berikut:




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                                                                                                                     Jumlah Personel Fungsi
                         Sertifikasi                                       Dikeluarkan oleh                                  ERM
 No.
                        Certification                                          Issued by                             Number of Personnel for
                                                                                                                         ERM Function

 1       Certified Risk Management Professional     Lembaga Sertifikasi Profesi Manajemen Risiko (LSPMR)                          3
         (CRMP)                                     Risk Management Professional Certification Institute (LSPMR)
 2       Certified Risk Management Officer (CRMO)   Lembaga Sertifikasi Profesi Manajemen Risiko (LSPMR)                          1
                                                    Risk Management Professional Certification Institute (LSPMR)

                                                                        CAPABILITY DEVELOPMENT PROGRAM OF
PROGRAM PENGEMBANGAN KAPABILITAS                                        RISK MANAGEMENT HUMAN RESOURCES (HR)
SUMBER DAYA MANUSIA (SDM) MANAJEMEN
RISIKO                                                                  In improving the quality of human resources in accordance with the
Dalam meningkatkan kualitas SDM sesuai dengan perkembangan              development and needs of the Company for the implementation
dan kebutuhan Perseroan untuk pelaksanaan tugas manajemen               of risk management tasks in 2024, both ERM Function personnel
risiko di tahun 2024, baik personel Fungsi ERM maupun Risk              and Risk Owners and Risk Champions have participated in
Owner dan Risk Champion telah mengikuti berbagai program                various capability development programs. The aim is to improve
pengembangan kapabilitas. Tujuannya adalah untuk meningkatkan           knowledge and skills.
pengetahuan dan kemampuan.
                                                                        Some of the capability development programs followed are
Beberapa program pengembangan kapabilitas yang diikuti                  as follows:
sebagai berikut:


                                                                                   Waktu Pelaksanaan                        Penyelenggara
 No.                        Training/Workshop/Seminar
                                                                                  Date of Implementation                      Organizer

     1   Workshop Alignment Top Risk 2025 Regional & Anak Perusahaan         Bandung, 4–6 Desember 2024            Sub Holding Upstream
         Upstream                                                            Bandung, December 4–6, 2024           Pertamina
         Regional & Subsidiary Upstream Top Risk 2025 Alignment Workshop
     2   Training Market Outlook 2024 & Banking Instrument                   Graha Elnusa, 20 Juni 2024            Elnusa
                                                                             Graha Elnusa, June 20, 2024
     3   Pertamina Akhlak Festival 2024                                      Istora Senayan, 9 Juli 2024           Pertamina
                                                                             Istora Senayan, July 9, 2024
     4   Program Penguatan & Sesi Coaching LCV 2024 Sub-Holding Upstream     Intercontinental Jakarta, Pondok      Sub Holding Upstream
         LCV 2024 Sub-Holding Upstream Strengthening Program & Coaching      Indah, 24–26 Juli 2024                Pertamina
         Session                                                             Intercontinental Jakarta Pondok
                                                                             Indah, July 24–26, 2024
     5   Pelatihan Pendalaman Undang-Undang Perlindungan Data Pribadi        26–27 Agustus 2024                    Elnusa
         Personal Data Protection Law Deepening Training                     August 26–27, 2024
     6   Executive Training-Trapology at Work                                Graha Elnusa Lt. 17, 11 November      Elnusa
                                                                             2024
                                                                             Graha Elnusa, 17th Fl., November
                                                                             11, 2024

                                                                        ROLES AND RESPONSIBILITIES OF THE
PERAN DAN TANGGUNG JAWAB FUNGSI                                         ENTERPRISE RISK MANAGEMENT FUNCTION
ENTERPRISE RISK MANAGEMENT                                              Detailed roles and responsibilities of the ERM Function are
Rincian peran dan tanggung jawab Fungsi ERM diuraikan di                outlined below:
bawah ini:                                                              1. To assist the Director in charge of the Risk Management
1. Membantu Direktur yang membawahi Fungsi Manajemen                        Function to prepare the company’s risk management system.
    Risiko dalam menyusun sistem manajemen risiko perusahaan.           2. To formulate company’s risk management policies.
2. Merumuskan kebijakan pengelolaan risiko perusahaan.                  3. To Prepare and ensure that the implementation of company
3. Mempersiapkan dan memastikan agar implementasi                           risk management runs smoothly and according to planned
    manajemen risiko perusahaan dapat berjalan dengan lancar                targets in accordance with company risk management policies,
    dan sesuai target yang direncanakan sesuai dengan kebijakan,            procedures and work instructions.
    prosedur, dan instruksi kerja manajemen risiko perusahaan.          4. To coordinate risk owners and risk champions across all
4. Mengkoordinasikan risk owners dan risk champions di seluruh              functions (Operations and Shared Services) implementing the
    Fungsi (Operasi dan Shared Services) melaksanakan proses                company’s risk management process.
    pengelolaan risiko perusahaan.                                      5. To monitor the implementation of risk management strategies
5. Pemantauan pelaksanaan strategi manajemen risiko yang                    approved by the Board of Directors.



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    telah disetujui oleh Direksi.                                     6. To monitor the risk position as a whole (composite), per type
6. Pemantauan posisi risiko secara keseluruhan (composite), per           of risk, and per type of functional activity.
    jenis risiko, dan per jenis aktivitas fungsional.                 7. Periodically review the risk management process.
7. Kaji ulang secara berkala terhadap proses manajemen risiko.        8. To carry out risk management of the company’s routine and
8. Melakukan manajemen risiko aktivitas rutin dan tidak rutin             nonroutine activities.
    perusahaan.                                                       9. To provide recommendations to the Risk Owner Unit and/
9. Memberikan rekomendasi kepada Risk Owner Unit dan/atau                 or to the Risk Management Committee, according to their
    kepada Komite Manajemen Risiko, sesuai kewenangan yang                authority.
    dimiliki.                                                         10. To prepare and submit Risk profile reports to the President
10. Menyusun dan menyampaikan laporan profil Risiko kepada                Director or specially assigned Director and the Risk
    Direktur Utama atau Direktur yang ditugaskan secara khusus            Management committee on a regular basis.
    dan komite Manajemen Risiko secara berkala.                       11. To coordinate with Internal Audit to prepare a risk-based audit
11. Berkoordinasi dengan Internal Audit dalam penyusunan                  planning.
    perencanaan audit berbasis risiko.
                                                                      RISK MANAGEMENT INFORMATION SYSTEM
SISTEM INFORMASI MANAJEMEN RISIKO                                     The Company has implemented an Enterprise Risk Management
Perseroan telah memiliki Enterprise Risk Management System            System (ERMS) as an information system to facilitate the risk
(ERMS) sebagai sistem informasi bagi Perseroan untuk melakukan        management process, enabling bottom-up communication in
proses pengelolaan risiko yang dapat membantu komunikasi              assessment and response. This system supports the achievement
bottom up secara penilaian dan respons, sehingga membantu             of the Company’s Risk Management vision and mission. The
dalam pencapaian visi dan misi Manajemen Risiko Perusahaan.           current scope of ERMS includes Risk Register Self-Assessment
Ruang lingkup ERMS saat ini mencakup Risk Register Self               (RRSA), monitoring, and reporting.
Assessment (RRSA), monitoring, dan reporting.
                                                                      All data entered into the ERMS are verified and validated in stages
Seluruh data yang masuk dalam ERMS telah diverifikasi dan             starting from Risk Champion, Risk Owner to authorized officials
divalidasi secara bertingkat mulai dari Risk Champion, Risk Owner     (Risk Management). The risk profile review and approval process
hingga pejabat berwenang (Risk Management). Proses review dan         is carried out through the ERMS application, which has the same
persetujuan profil risiko dilakukan melalui aplikasi ERMS, sehingga   power as the manual approval process (wet signature/TTD).
memiliki kekuatan yang sama dengan proses persetujuan manual          Information generated through ERMS can be used by the Internal
(tanda tangan/TTD basah). Informasi yang dihasilkan melalui           Audit Division to assist in implementing the risk-based audit
ERMS dapat digunakan oleh Divisi Internal Audit dalam membantu        process (Risk Based Audit).
pelaksanaan proses audit berdasarkan risiko (Risk Based Audit).
                                                                      In 2024, the Company developed the ERMS application for
Pada tahun 2024, Perseroan melakukan pengembangan aplikasi            project & ongoing business risk in accordance with Elnusa’s
ERMS untuk project & ongoing business risk sesuai dengan              business needs.
kebutuhan bisnis Elnusa.
                                                                      MONITORING AND REVIEWING RISK
MONITORING DAN REVIEW KINERJA                                         MANAGEMENT PERFORMANCE
MANAJEMEN RISIKO                                                      Risk management performance is measured and assessed based
Kinerja manajemen risiko diukur dan dinilai berdasarkan               on the achievement of Key Performance Indicators (KPI) which is
pencapaian Key Performance Indicator (KPI) yang dinilai secara        assessed annually and is a form of management commitment from
tahunan dan merupakan bentuk komitmen manajemen mulai dari            the risk owner to the President Director. Several indicators in the
risk owner sampai Direktur Utama. Beberapa indikator dalam KPI        Risk Management KPI performance are as follows:
kinerja Manajemen Risiko adalah sebagai berikut:                      1. Risk assessment;
1. Risk assessment;                                                   2. Risk treatment;
2. Risk treatment;                                                    3. Loss event;
3. Loss event;                                                        4. Communication dan consultation.
4. Communication dan consultation.
                                                                      Based on actual performance in 2024, the average achievement
Berdasarkan realisasi kinerja tahun 2024, rata-rata pencapaian        of risk management KPI performance in 2024 was 110%. Risk
KPI kinerja Manajemen risiko tahun 2024 adalah 110%. Risk             owners and risk champions have carried out their duties and
owner dan risk champion telah menjalankan tugas dan tanggung          responsibilities as risk management, including assessing the
jawabnya sebagai pengelolaan risiko termasuk penilaian efektivitas    effectiveness of risk treatment implementation by Risk owners
pelaksanaan risk treatment oleh Risk owners (pemegang                 (accountability holders) and risk champions (responsibility
akuntabilitas) dan risk champions (pemegang responsibilitas) di       holders) in the Operations Function and Shared Services Function.
Fungsi Operasi maupun Fungsi Shared Services.




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                                                                         THE COMPANY’S MAIN RISKS
RISIKO-RISIKO UTAMA PERUSAHAAN                                           Through the Risk Register On Going Business (RRSA) process, the
Melalui proses Risk Register On Going Business (OGB) Fungsi              RiskManagement Work Unit obtains a map of all the Company’s
Risk Management memperoleh peta seluruh risiko Perseroan                 risks(Corporate Risk Level). Furthermore, the Risk Management
(Corporate Risk Level). Selanjutnya, Unit Kerja Risk Management          Work Unitdetermines risks that have significant influence on the
menentukan risiko-risiko yang berpengaruh signifikan terhadap            direction of the Company which are summarized in the risk profile
arah Perseroan yang terangkum dalam profil risiko yang diperoleh         obtained from the bottom up and top down approaches.
dari pendekatan bottom up dan top down.



PROFIL RISIKO UTAMA DAN PENANGANANNYA TAHUN 2024
Main Risk Profile and its Handling in 2024

                                                                                              Aktivitas Risk Treatment
       Risk Event                        Risk Cause
                                                                                              Risk Treament Activities

 Produktivitas asset     NPT (kerusakan alat);                        • Peningkatan pelaksanaan maintenance preventive & corrective
 based tidak tercapai    NPT (tool malfunction);                        monthly ARP
 Asset-based                                                          • Disiplin melakukan Functional test untuk alat-alat sewa sebelum
 productivity not                                                       dikirim ke lapangan (Operasi, SCM & Asset) Monthly ARP
 achieved                                                             • Improved implementation of preventive & corrective maintenance
                                                                        Monthly ARP
                                                                      • Discipline in conducting Functional tests for rental equipment before
                                                                        being sent to the field (Operations, SCM & Asset) Monthly ARP
                         Kendala Operasional, Kehumasan,              Melakukan koordinasi antar fungsi terkait dalam project dan melakukan
                         Litology dan Faktor Alam;                    monitoring atas program sosialisasi kepada tokoh masyarakat dan
                         Operational constraints, public relations,   pemimpin daerah setempat Corsec
                         lithology and natural factors;               Coordinate between related functions in the project and monitor the
                                                                      socialization program to community leaders and local leaders Corsec

                         Term kontrak on call bases (program Kerja    Meningkatkan upaya negosisasi untuk peningkatan drainase agar utilisasi
                         Klien);                                      ditingkatkan oleh client Marketing
                         Term contract on call bases (Client Work     Increase negotiation efforts for drainage improvement to increase
                         program);                                    utilization by client Marketing
                         Business processes perlu dikembangkan;       • Memaksimalkan potensi pekerjaan lain dalam lingkup pekerjaan yang
                         Business processes need to be developed;       sama
                                                                      • Perbaikan proses bisnis untuk meningkatkan daya saing (supply chain
                                                                        process enhancement)
                                                                      • Maximizing the potential of other work within the same scope of work
                                                                      • Business process improvement to increase competitiveness (supply
                                                                        chain process enhancement)
                         Perlunya peningkatan kompetensi untuk        Memperkuat pengembangan SDM yang berorientasi jangka panjang
                         pengembangan usaha baru;                     (People Management)
                         The need to improve competencies for         Strengthen long-term oriented HR development (People Management)
                         new business development;
 Long Unbilled AR        Proses kontrak yang lama;                    Memastikan terpenuhinya SP3MP dan/atau kontrak seiring pekerjaan
                         Long contract process;                       berjalan
                                                                      Ensure the fulfillment of SP3MP and / or contracts as work progresses
                         Terjadinya hambatan proses SA/BA;            Meningkatkan koordinasi dengan PIC fungsi terkait klien jika ada indikasi
                         SA/BA process bottleneck;                    unbilled lebih dari 30 hari (sebutan bentuknya Memo / email)
                                                                      Improve coordination with PIC functions related to clients if there is an
                                                                      indication of unbilled more than 30 days (as a form of Memo / email)
                         Mekanisme pembayaran mengunakan              • Memastikan kelengkapan kontrak dan dokumen sebelum menjalankan
                         pembayaran berdasarkan job progress;           pekerjaan (Kontrak & PO)
                         Payment mechanism using payment              • Pengusulan ke Klien untuk term of payment bulanan
                         based on job progress;                       • Ensure the completeness of contracts and documents before carrying
                                                                        out work (Contract & PO)
                                                                      • Proposing to the Client for monthly term of payment
                         Hambatan budget di client ;                  Melakukan koordinasi Operation Manager, melakukan roadshow ke klien,
                         Budget constraints at the client;            melakukan rekonsiliasi
                                                                      Coordinate with Operation Manager, conduct roadshows to clients,
                                                                      conduct reconciliation
                         Adanya kerja tambah diluar scope             Peningkatan kelengkapan dokumentasi jika ada penambahan/ perubahan
                         kontrak;                                     pekerjaan dengan melaksanakan tertib adminstrasi Operasi
                         Additional work outside the scope of the     Improving the completeness of documentation if there are additions /
                         contract;                                    changes to the work by carrying out orderly administration Operations




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                                                                                            Aktivitas Risk Treatment
      Risk Event                      Risk Cause
                                                                                            Risk Treament Activities

Target EBITDA tidak   Kenaikan Cost/ ABO;                          Melakukan monitor realisasi P/L dan evaluasi periodic
tercapai              Increase in Cost / ABO;                      Monitor P/L realization and periodic evaluation
EBITDA target not
                      Adanya pelaksanaan pekerjaan bergeser/       • Mencari potensi tender/ pekerjaan alternatif
achieved
                      batal /mundur dari Client;                   • Melakukan komunikasi intensif dengan pihak Client dan berpatispasi
                      The implementation of work shifted /           Aktif dalam kegiatan Sinergi Pertamina
                      canceled / delayed from the Client;          • Seeking potential tenders/alternative work
                                                                   • Intensive communication with clients and active participation in
                                                                     Pertamina Synergy activities.
                      Ketidakpastian Hulu Migas (Seismic);         • Perluasan ekspansi pasar seismic (diluar Pertamina Group)
                      Upstream Oil and Gas Uncertainty             • Meningkatkan upaya negosisasi untuk peningkatan drainase agar
                      (Seismic);                                     utilisasi ditingkatkan oleh client
                                                                   • Expansion of seismic market expansion (outside Pertamina Group)
                                                                   • Increase negotiation efforts for increased drainage so that utilization is
                                                                     increased by the client.
                      Productivity Asset tidak Optimal;            • Peningkatan pelaksanaan maintenance preventive & corrective
                      Productivity Asset is not Optimal;           • Perbaikan di program strategic sourcing
                                                                   • Meningkatkan upaya negosisasi untuk peningkatan drainase agar
                                                                     utilisasi ditingkatkan oleh client
                                                                   • Improved implementation of preventive & corrective maintenance
                                                                   • Improvement in strategic sourcing program
                                                                   • Increased negotiation efforts for increased drainage so that utilization
                                                                     is increased by the client.
                      Gagal/Kalah Tender (harga diatas OE);        • Optimalisasi penyusunan harga dengan Cost Estimator.
                      Failed / Lost Tender (price above OE);       • Melakukan review dan analisis yang lebih mendalam pada dokumen
                                                                     tender (draft kontrak dan RKS) oleh seluruh memastikan kontrak tidak
                                                                     merugikan Perusahaan.
                                                                   • Optimization of price preparation with Cost Estimator.
                                                                   • Conduct more in-depth review and analysis on tender documents
                                                                     (draft contract and RKS) by all ensuring the contract is not detrimental
                                                                     to the Company.
                      Rencana Bisnis Baru di segment hilir tidak   • Melakukan perbaikan strategi pengadaan agar lebih sesuai dengan
                      terealisasi (Skema Blending import BBM         persyaratan client (SCM) termasuk penerapan kontrak blanket
                      di bisnis BBMI);                             • Peningkatan Effective Project Management terutama kompetensi PM
                      New Business Plan in the downstream            dalam planning & eksekusi (Operasi) berdasarkan PMBOK (Operasi
                      segment is not realized (Fuel import           EPCOM)
                      Blending Scheme in BBMI business);           • Melakukan pengajuan kuota import B 0 ke Kemendag (EPN)
                                                                   • Merancang strategi pemasaran dan kebutuhan konsumen (EPN)
                                                                   • Improving procurement strategies to be more in line with client
                                                                     requirements (SCM) including the application of blanket contracts
                                                                   • Improving Effective Project Management, especially PM competencies
                                                                     in planning & execution (Operations) based on PMBOK (EPCOM
                                                                     Operations)
                                                                   • Submitting B 0 import quotas to the Ministry of Trade (EPN)Designing
                                                                     marketing strategies and consumer needs (EPN)
                      C&T tidak melanjutkan skema kerjasama        • Me-define kontrak pengadaan dengan vendor atau sub contractor
                      yang memisahkan sewa dan jasa sehingga         dengan mengacu kepada kontrak dengan client (EPN)
                      dapat terkena penerapan PP 49;               • Meminta penegasan dari Persero dan SHU agar dikecualikan sebagai
                      C&T does not continue the cooperation          Transportasi Umum (EPN)
                      scheme that separates rent and               • Define procurement contracts with vendors or sub contractors with
                      services so that it can be affected by the     reference to contracts with clients (EPN)
                      application of PP 49;                        • Request confirmation from Persero and SHU to be excluded as Public
                                                                     Transportation (EPN)




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                                                                                             Aktivitas Risk Treatment
       Risk Event                       Risk Cause
                                                                                             Risk Treament Activities

Target Occupational     Kaji Risiko yang belum memadai               • Blast email via corsec mengenai trend bulanan PEKA dan critical
Safety tidak tercapai   sehingga ada risiko / mitigasi yang tidak      finding serta mitigasinya
Occupational Safety     teridentifikasi;                             • Melakukan review dan update HIRADC , JS, HRA
target not achieved     Inadequate Risk Assessment so that           • Blast email via corsec regarding monthly PEKA trends and critical
                        there are risks / mitigations that are not     findings and mitigations
                        identified;                                  • Conduct review and update of HIRADC, JS, HRA
                        Terdapat gap Kompetensi Personel             • Melakukan sosilisasi materi HSSE (CLSR, Safety Work Practice)
                        There is a Personnel Competency gap          • Forum komunikasi mitra kerja (Vendor Annual Meeting) dan ENCORE
                                                                       (Elnusa HSSE Contractor Meeting)
                                                                     • Sharing Lesson learned terkait insiden
                                                                     • Conducting HSSE material socialization (CLSR, Safety Work Practice)
                                                                     • Communication forums for partners (Vendor Annual Meeting) and
                                                                       ENCORE (Elnusa HSSE Contractor Meeting)
                                                                     • Sharing Lesson learned related to incidents.
                        Kecelakan kerja yang menyebabkan             Program further action
                        fatality karena kelalaian, kerusakan alat,   1. Supervision:
                        tidak sesuai prosedur;                          • MWT Management.
                        Work accidents that cause fatality due to       • MWT Assessment Guideline.
                        negligence, tool damage, not according to       • High Rank on The Spot (Walk Arround & Safety Patrol).
                        procedures;                                  2. Review & Revise
                                                                        • SOP/IK Based on What is Writen must be followed, Equipment to be
                                                                          used Based on Document, Informed, Socialize & Accessible.
                                                                        • Risk Assessment for Unidentified Things.
                                                                        • MOC for any Changes of SOP/IK, Tools & Equipment.
                                                                     3. Engage Risk Awareness & Knowledge
                                                                        • TEMAN & KARIB reminder in PJSM or Weekly Meeting & etc.
                                                                        • Post Job Shift Review.
                                                                     4. Legal / Contract Compliance
                                                                        • Requirement vs Actual in terms of Personnel, Tools-Equipment &
                                                                          Vehicle.
                                                                     5. Work Pattern Improvement
                                                                        • Crew Work Schedule.
                                                                        • Crew Rotation (Standby Crew for Support Overload Shift).
                                                                        • High Turn Over.
                                                                        • Use of designated equipment instead of manual practice with hand
                                                                          tools.
                                                                     6. Cross Function Assessment
                                                                        • Checklist Tools & Equipment.
                                                                        • Document.
Ilness Fatality         Tidak melakukan follow up MCU;               Memberikan reminder untuk melakukan follow up hasil MCU.
                        Not doing MCU follow-ups;                    Provide reminders to follow up on MCU results.
                        Kurangnya awareness pekerja terhadap         • Program penguatan HSSE terutama dengan meningkatkan Wellness
                        kesehatan                                      program khususnya untuk P4-P5-P6
                        Lack of worker awareness of health           • Rutin dilakukan Daily Check Up di Warehouse
                                                                     • Melakukan health campaign
                                                                     • HSSE strengthening program, especially by improving the Wellness
                                                                       program, especially for P4-P5-P6Routine
                                                                     • Daily Check Up in Warehouse
                                                                     • Conducting health campaigns.
                        Fatigue akibat jam kerja yang berlebihan;    Mengatur jadwal dan jam kerja lembur pekerja
                        Fatigue due to excessive working hours;      Organize workers’ overtime schedules and working hours




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                                                                                            Aktivitas Risk Treatment
      Risk Event                      Risk Cause
                                                                                            Risk Treament Activities

Cyber Attack           Penggunaan aplikasi internal Elnusa yang    • Memastikan semua perangkat dan utility data center terawat dan
                       diakses dari internet publik;                 termonitor baik
                       Use of Elnusa’s internal applications       • Melakukan Penetration test terjadwal terhadap Seluruh system IT baik
                       accessed from the public internet;            aplikasi maupun infrastruktur
                                                                   • Membuat perjanjian tertulis bagi penanggung jawab data dan
                                                                     informasi, mengaktifkan Audit-Log pada aplikasi SAP System, dan
                                                                     menerapkan sanksi.
                                                                   • Memastikan semua perangkat dan utiliti datacenter terawat
                                                                     dan termonitor baik dengan cara salah satunya adalah kontrak
                                                                     maintenance Vendor.
                                                                   • Menerapkan kewajiban penggantian password selama 90 hari
                                                                   • Ensure all data center devices and utilities are well maintained and
                                                                     monitored
                                                                   • Conduct scheduled Penetration tests on all IT systems both
                                                                     applications and infrastructure
                                                                   • Create written agreements for those responsible for data and
                                                                     information, activate Audit-Logs on SAP System applications, and apply
                                                                     sanctions.
                                                                   • Ensure that all datacenter devices and utilities are well maintained
                                                                     and monitored by means of one of them is the Vendor maintenance
                                                                     contract.
                                                                   • Implement the obligation to change passwords for 90 days
Target Thruput tidak   Perubahan kebijakan subholding;             • Memastikan tercapainya target KPI dari Pemberi Kerja
tercapai               Subholding policy changes;                  • Mengedepankan value added pada servis yang diberikan (menekankan
Thruput target not                                                   keunggulan EPN dibanding dengan kompetitor terkait dengan kinerja
achieved                                                             dan efisiensi harga)
                                                                   • Merencanakan strategi bisnis lain diluar bisnis eksisting
                                                                   • Memaksimalkan support dari manajemen untuk melakukan negosiasi
                                                                     bisnis dengan Pertamina Patra Niaga
                                                                   • Ensure the achievement of KPI targets from the Employer
                                                                   • Promote value added in the services provided (emphasizing the
                                                                     advantages of EPN compared to competitors related to performance
                                                                     and price efficiency)
                                                                   • Plan other business strategies outside the existing business
                                                                   • Maximize support from management to conduct business negotiations
                                                                     with Pertamina Patra Niaga.
                       Terdapat klausul yg tidak menguntungkan     Intensive review secara menyeluruh dengan masukan dari seluruh fungsi
                       EPN al: penurunan tarif (angkutan           di Legal, Operasi, Finance SPCM, dan Risk dari mulai tahap perumusan
                       maupun handling);                           klausul di draft kontrak dan dan disampaikan melalui permintaan
                       There are clauses that are unfavorable      klarifikasi ke Klien.
                       to EPN e.g. tariff reduction (freight and   Intensive thorough review with inputs from all functions in Legal,
                       handling);                                  Operations, Finance SPCM, and Risk from the stage of formulating
                                                                   clauses in the draft contract and delivered through clarification requests
                                                                   to the Client.
                       Berkurangnya hak menjual BBM ke INU         • Memperbesar dan memperkuat kemampuan agen dalam menyalurkan
                       (ijin Niaga Umum);                            BBM industri under EPN
                       Reduced right to sell fuel to INU (ijin     • Mengembangkan direct account secara terbatas (mencari customer
                       Niaga Umum);                                  dengan profile pembayaran yang aman)
                                                                   • Secara teratur memberikan update market kepada C&T (terkait harga
                                                                     yang berkembang) agar kebijakan harga yang diberikan oleh C&T bisa
                                                                     selaras dengan kondisi yang ada
                                                                   • Enlarge and strengthen the ability of agents to distribute industrial fuel
                                                                     under EPN
                                                                   • Develop limited direct accounts (looking for customers with a secure
                                                                     payment profile)
                                                                   • Regularly provide market updates to C&T (related to developing
                                                                     prices) so that the price policy provided by C&T can be aligned with
                                                                     existing conditions.




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                                                                                                Aktivitas Risk Treatment
        Risk Event                          Risk Cause
                                                                                                Risk Treament Activities

 Realisasi investasi tidak   Adanya Pergesaran tata waktu atau         Peningkatan monitoring tata waktu pekerjaan di klien dan penyesuaian
 tercapai                    pembatalan pelaksanaan pekerjaan dari     tata waktu investasi
 Investment realization      pihak Client;                             Improved monitoring of client work timelines and adjustment of
 not achieved                There is a shift in the time frame or     investment timelines
                             cancellation of the work implementation
                             from the Client;
                             Keterlambatan dari pihak fabrikator;      Pemilihan vendor peralatan lebih ketat sesuai spesifikasi dengan kualitas
                             Delay from the fabricator;                baik dan peningkatan monitoring s-curve pengerjaan oleh supplier
                                                                       Stricter selection of equipment vendors according to specifications
                                                                       with good quality and increased monitoring of workmanship s-curve by
                                                                       suppliers
                             Terjadinya perubahan spesifikasi dalam    Pengajuan ke klien untuk melakukan inspeksi bersama klien untuk
                             peralatan investasi;                      memastikan kesesuaian spek alat
                             Occurrence of specification changes in    Submission to the client to conduct joint inspection with the client to
                             investment equipment;                     ensure the conformity of tool specs
                             Terjadinya perubahan/penurunan nilai      Melakukan negosiasi penambahan nilai investasi kepada klien
                             investasi;                                berdasarkan market review
                             Changes/decreases in investment value;    Negotiate additional investment value to clients based on market review


BUSINESS CONTINUITY MANAGEMENT                                            BUSINESS CONTINUITY MANAGEMENT
Perusahaan telah menginisiasi penyusunan Pedoman Business                 The Company initiated the preparation of Business Continuity
Continuity Management System (BCMS) yang bertujuan untuk                  Management System (BCMS) Guidelines intended to guide
memandu Perusahaan dalam mengimplementasikan BCMS. BCMS                   the Company in implementing BCMS. BCMS is a necessity as
menjadi suatu keharusan karena mempersiapkan dan melatih                  it prepares and trains companies to have resilience in critical
Perusahaan agar mempunyai ketahanan dalam operasional bisnis              business operations, so that if a disaster occurs or a disruption
kritikal, sehingga apabila terjadi bencana atau gangguan proses           occurs, the business operational processes will continue to run.
operasional bisnis tersebut akan tetap berjalan. Perusahaan harus         The company must have a policy or procedure that is a derivative
memiliki kebijakan atau prosedur yang merupakan turunan dari              of the Company’s Risk Management Policy. These policies or
Kebijakan Pengelolaan Risiko Perusahaan. Kebijakan atau prosedur          procedures can be in the form of general controls and specific
tersebut dapat berupa pengendalian umum dan pengendalian                  controls, such as general and specific operational controls for
spesifik yaitu pengendalian operasional yang bersifat umum dan            each line of business and supporting activities of the Company,
spesifik pada masing-masing lini bisnis dan aktivitas pendukung           therefore the Company must have a BCMS.
Perusahaan oleh sebab itu Perusahaan harus memiliki BCMS.

Pedoman Business Continuity Management System merupakan                   The Business Continuity Management System guidelines are
pedoman bagi Fungsi Enterprise Risk Management serta Fungsi               directions for the Enterprise Risk Management Function and
terkait lainnya sebagai dasar dalam pengelolaan kegiatan                  other related functions as a basis for managing the Company’s
Operasional Perusahaan yang terpadu dan menyeluruh untuk                  operational activities in an integrated and comprehensive manner
menjamin kegiatan Operasional Perusahaan tetap dapat                      to ensure that the Company’s operational activities can continue
berjalan walaupun terdapat gangguan/bencana/kerusakan guna                to run even if there is disruption/disaster/damage in order to
melindungi kepentingan para stakeholder. Gangguan/bencana/                protect the interests of stakeholders. The disruption/disaster/
kerusakan yang dimaksud disebabkan oleh alam maupun manusia               damage in question may be caused by nature or human in the
berupa gempa bumi, bom, kebakaran, banjir, power failure,                 form of earthquakes, bombs, fires, floods, power failures, technical
kesalahan teknis, kelalaian manusia, demo buruh, huru-hara dan            errors, human negligence, labor demonstrations, riots and so on.
sebagainya. Kerusakan yang terjadi tidak hanya berdampak pada             Damage that occurs not only impacts a company’s technological
kemampuan teknologi suatu Perusahaan, tetapi juga berdampak               capabilities, but also impacts the company’s business operations.
pada kegiatan Operasional bisnis Perusahaan. Penanganan suatu             If a disaster is not handled specifically, the Company can face
bencana bila tidak ditangani secara khusus, maka Perusahaan akan          operational risks, it will also affect reputation risks and have an
menghadapi risiko operasional, juga akan mempengaruhi risiko              impact on decreasing the level of public trust in the Company. For
reputasi dan berdampak pada menurunnya tingkat kepercayaan                this reason, it is necessary to manage the Company’s Business
publik kepada Perusahaan. Untuk itu diperlukan adanya                     Continuity.
pengelolaan Business Continuty Perusahaan.




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Kinerja BCMS Tahun 2024                                              BCMS Performance in 2024
BCMS menjadi suatu keharusan karena bertujuan mempersiapkan          Business Continuity Management System (BCMS) is essential to
dan melatih Perusahaan agar mempunyai ketahanan dalam                ensure the Company’s resilience in critical business operations. It
Operasional bisnis kritikal, sehingga apabila terjadi bencana atau   prepares and trains the Company to maintain business continuity
gangguan proses operasional bisnis tersebut akan tetap berjalan.     despite disasters or operational disruptions. BCMS policies and
Kebijakan atau prosedur tersebut dapat berupa pengendalian           procedures include both general and specific operational controls
umum dan pengendalian spesifik yaitu pengendalian operasional        tailored to each business line and supporting activities. Therefore,
yang bersifat umum dan spesifik pada masing-masing lini bisnis       the company must implement a robust Business Continuity
dan aktivitas pendukung Perusahaan oleh sebab itu Perusahaan         Management (BCM) framework.
harus memiliki Business Continuity Management (BCM).

Pengukuran Pengelolaan BCMS dan Pencapaian Deliverables              Measurement of BCMS Management and Achievement of
Pengelolaan Business Continuity Management System (BCMS) di          Deliverables Management of the Business Continuity Management
lingkup Elnusa untuk periode tahun berjalan ditunjukkan dalam        System (BCMS) within Elnusa for the current year period is
tabel Milestone pengelolaan dan Implementasi BCMS berikut:           shown in the following BCMS Management and Implementation
                                                                     Milestone table:

TABEL MILESTONE PENGELOLAAN DAN
IMPLEMENTASI BCMS
BCMS Management and Implementation
Milestone Table


                                                                                              Internal Audit
                               BCM Program                    BCM Testing
                                                                                                 of BCM



                                                                                          Review & Maintenance
                                BCM Policy                     BCM Plan
                                                                                                 of BCM



                                                                                         Management Review of
                               BCM Training                  BCM Strategy
                                                                                            BCM Program




                         Business Impact Analysis           Risk Assessment              Continual Improvement




Selama periode tahun 2024 ini, telah dilakukan:                      During this 2024 period, it has been carried out:
-   Review atas dokumen BCMS di tingkat Holding, guna                - Review of BCMS documents at the Holding level, to ensure
    memastikan kesesuaian dengan standar dan kebijakan yang              compliance with applicable standards and policies.
    berlaku.
-   Pendampingan dan mendorong implementasi BCMS di Anak             -      Assistance and encouragement of BCMS implementation in
    Perusahaan, untuk memastikan efektivitas dan kesiapan                   Subsidiaries, to ensure effectiveness and operational readiness
    operasional dalam menghadapi potensi gangguan.                          in the face of potential disruptions.

UPAYA PENINGKATAN BUDAYA RISIKO                                      EFFORTS TO IMPROVE RISK CULTURE
Fungsi Enterprise Risk Management (ERM) senantiasa berupaya          The Enterprise Risk Management (ERM) function continuously
meningkatkan komitmen Pimpinan Perusahaan untuk memberikan           strives to enhance the company’s leadership commitment to
dukungan dan kontribusi penuh dalam pelaksanaan manajemen            providing full support and contribution in risk management
risiko. Salah satu fokus utama adalah mengembangkan budaya           implementation. One of the main focuses is developing a risk
sadar risiko (risk awareness culture) ke seluruh lini organisasi     awareness culture throughout the organization’s entire structure,
Perusahaan dengan menitikberatkan konsep bahwa risiko                emphasizing the concept that risk is everyone’s responsibility (risk
merupakan tanggung jawab setiap individu (risk is everybody’s        is everybody’s business).
business).




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Upaya ini dilakukan melalui sosialisasi yang berkelanjutan                   This effort is carried out through ongoing socialization,
serta pengembangan kompetensi dan proses pembelajaran                        competency development, and risk learning processes, both in
risiko, baik secara umum maupun khusus. Pada tahun 2024,                     general and specific contexts. In 2024, several training sessions
sejumlah pelatihan dan sosialisasi telah dilaksanakan, antara lain           and socialization programs were conducted, including:
sebagai berikut:
1. Pelatihan Manajemen Risiko Terintegrasi                                   1. Integrated Risk Management Training
     Pelatihan ini bertujuan untuk meningkatkan pemahaman                       This training aims to enhance employees’ understanding
     karyawan terkait identifikasi, penilaian, mitigasi, dan                    of identifying, assessing, mitigating, and monitoring risks
     monitoring risiko yang terintegrasi dalam proses bisnis                    integrated into the company’s business processes.
     Perusahaan.
2. Workshop Risk Awareness untuk Manajemen Lini Pertama                      2. Risk Awareness Workshop for First-Line Management
     Melibatkan para manajer lini pertama untuk meningkatkan                    Involving first-line managers to improve their ability to
     kemampuan dalam mengenali dan merespons risiko secara                      recognize and respond to risks quickly and appropriately.
     cepat dan tepat.
3. Sosialisasi Kebijakan dan Prosedur Manajemen Risiko                       3. Socialization of Risk Management Policies and Procedures
     Dilaksanakan secara berkala untuk memastikan seluruh                       Conducted regularly to ensure that all employees understand
     karyawan memahami kebijakan dan prosedur yang berlaku                      the policies and procedures in risk management.
     dalam pengelolaan risiko.

Dengan adanya program-program ini, diharapkan kesadaran                      Through these programs, it is expected that awareness and
dan pemahaman terhadap manajemen risiko di seluruh tingkat                   understanding of risk management across all organizational levels
organisasi semakin meningkat, mendukung pencapaian tujuan                    will improve, supporting the company’s strategic goals sustainably.
strategis Perusahaan secara berkelanjutan.

Pada tahun 2024 telah dilaksanakan pelatihan dan sosialisasi                 In 2024, training and socialization programs were conducted,
antara lain sebagai berikut:                                                 including:


                                                 Tema/Judul Upskilling                                                     Tanggal
 No.
                                           Skills Improvement Theme/Title                                                   Date

  1    Diskusi Risk Register Investasi Oil Country Tubular Goods (OCTG)                                        9 Desember 2024-Ms Teams
       Discussion of Oil Country Tubular Goods (OCTG) Investment Risk Register                                 December 9, 2024-Ms Teams
  2    Diskusi Kajian Bisnis & Risiko Pengalihan Bisnis Transportasi                                           9 Desember 2024-Ms Teams
       Discussion of Business Review & Risk of Transportation Business Transfer                                December 9, 2024-Ms Teams
  3    Challenge Session Vice President (VP) Usulan Update Business Plan 2025 di Lingkungan SHU                9 Desember 2024-PHE Tower
       Challenge Session Vice President (VP) Proposal for 2025 Business Plan Update in SHU Environment         December 9, 2024-Ms Teams
  4    Contractual Risks and Liabilities in Oil and Gas Services Contracts                                     10 Desember 2024-Graha
       Contractual Risks and Liabilities in Oil and Gas Services Contracts                                     Elnusa, Lt. 17
                                                                                                               December 10, 2024-Graha
                                                                                                               Elnusa, 17th Fl.
  5    Perkenalan dan Koordinasi Project Risk Management                                                       12 Desember 2024-PHE Tower
       Introduction and Coordination of Project Risk Management                                                December 12, 2024-PHE Tower
  6    Diskusi Risk Register Investasi CNC Machine OCTG                                                        12 Desember 2024-Ms Teams
       CNC Machine OCTG Investment Risk Register Discussion                                                    December 12, 2024-Ms Teams
  7    Sharing Session kepada HSE Officer - Risk Management Awareness                                          12 Desember 2024-Ms Teams
       Sharing Session with HSE Officer - Risk Management Awareness                                            December 12, 2024-Ms Teams
  8    MSA/MCA SGN Schlumberger: Diskusi Bersama                                                               17 Desember 2024-Ms Teams
       MSA/MCA SGN Schlumberger: Joint Discussion                                                              December 17, 2024-Ms Teams
  9    Agency Agreement BWTMS & Elnusa Discussion (2) Ops & Risk                                               18 Desember 2024-Ms Teams
       Agency Agreement BWTMS & Elnusa Discussion (2) Ops & Risk                                               December 18, 2024-Ms Teams
  10   Meeting Tinjauan Awal Re-Tender Survei 2D Renantera dan 3D Edelweiss Provinsi Sumatera Selatan          23 Desember 2024-Ms Teams
       Initial Review Meeting of Re-Tender of 2D Renantera and 3D Edelweiss Survey of South Sumatra            December 23, 2024-Ms Teams
       Province
  11   Diskusi Pendampingan Risk Register Proyek HWU Central                                                   23 Desember 2024-Ms Teams
       HWU Central Project Risk Register Mentoring Discussion                                                  December 23, 2024-Ms Teams
  12   Diskusi Risk Investasi AHTS ETSA                                                                        24 Desember 2024-Ms Teams
       AHTS ETSA Investment Risk Discussion                                                                    December 24, 2024-Ms Teams




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                                                 Tema/Judul Upskilling                                                     Tanggal
 No.
                                           Skills Improvement Theme/Title                                                   Date

  13   Diskusi BCMS EPN                                                                                        24 Desember 2024-Ms Teams
       BCMS EPN Discussion                                                                                     December 24, 2024-Ms Teams
  14   Diskusi Risk Register Investasi Oil Country Tubular Goods (OCTG)                                        9 Desember 2024-Ms Teams
       Discussion of Oil Country Tubular Goods (OCTG) Investment Risk Register                                 December 9, 2024-Ms Teams
  15   Talkshow Building Resilience & Ensure Continuity of Operations                                          13 Desember 2024 - Graha
       Talkshow Building Resilience & Ensure Continuity of Operations                                          Elnusa Ruang Udaya
                                                                                                               December 13, 2024 - Graha
                                                                                                               Elnusa Udaya Room
  16   Sharing Session kepada Elnusa Petrofin : Risk Management - Overview, Importance and Processes           21 November 2024 - Hotel
       Sharing Session to Elnusa Petrofin: Risk Management - Overview, Importance and Processes                Mercure TB Simatupang
                                                                                                               November 21, 2024 - Hotel
                                                                                                               Mercure TB Simatupang
  17   Sharing Session kepada peserta Elnusa Leadership Development Program :                                  4 November 2024 - Graha Elnusa
       Risk Management Awareness                                                                               Ruang Udaya
       Sharing Session to Elnusa Leadership Development Program participants:                                  November 4, 2024 - Graha
       Risk Management Awareness                                                                               Elnusa Ruang Udaya
  18   Sosialisasi Pengisian Risk Register di aplikasi ERMS untuk PIC Warehouse                                8 November 2024 - Ms Teams
       Socialization of Risk Register Filling in the ERMS application for Warehouse PICs                       November 8, 2024 - Ms Teams
  19   Business Continuity Management System                                                                   9-10 Juli 2024- Menara 165
       Business Continuity Management System                                                                   Jakarta
                                                                                                               July 9-10, 2024- Menara 165
                                                                                                               Jakarta
  20   Launching & Sosialisasi Aplikasi ERMS 2024                                                              15 Juli 2024- Graha Elnusa Lt 17
       Launching & Socialization of ERMS 2024 Application                                                      July 15, 2024- Graha Elnusa Lt 17
  21   Training Monitoring Risiko di ERMS 2024                                                                 20 September 2024 - Graha
       Risk Monitoring Training in ERMS 2024                                                                   Elnusa Lt 17
                                                                                                               September 20, 2024 - Graha
                                                                                                               Elnusa Lt 17
  22   Sosialisasi Risk Management Awareness & Project Risk Management kepada Upstream Services - OFS.         14-16 Agustus 2024 - Four
       Socialization of Risk Management Awareness & Project Risk Management to Upstream Services - OFS.        Points Hotel by Sheraton
                                                                                                               Balikpapan
                                                                                                               August 14-16, 2024 - Four Points
                                                                                                               Hotel by Sheraton Balikpapan



Pelatihan dan sosialisasi tersebut ditujukan bagi Risk Owner dan            The training and socialization is aimed at Risk Owners and Risk
Risk Champion Fungsi, Project dan Anak Perusahaan Elnusa.                   Champions of Functions, Projects and Elnusa Subsidiaries. Aside
Selain program pelatihan, Fungsi ERM juga telah memberikan                  from the training program, the ERM Function also provided
refreshment mengenai proses manajemen risiko kepada Risk                    refreshment regarding the risk management process to Risk
Owner dan Risk Champion Fungsi/Project/Anak Perusahaan.                     Owners and Risk Champions for Functions/ Projects/Subsidiaries.
Upaya untuk menanamkan sadar risiko juga dilakukan melalui                  Efforts to raise risk awareness were also carried out through
sosialisasi menggunakan media e-mail “Risk Blast” kepada seluruh            socialization by use of the e-mail media “Risk Blast” to all Elnusa
pegawai Elnusa.                                                             employees.

EVALUASI EFEKTIVITAS PENERAPAN                                              EVALUATION OF THE EFFECTIVENESS OF RISK
MANAJEMEN RISIKO (RISK MATURITY LEVEL)                                      MANAGEMENT IMPLEMENTATION (RISK
                                                                            MATURITY LEVEL)
Pengukuran Risk Maturity Level atau tingkat kematangan                      Measurement of Risk Maturity Level is a process to ensure that risk
pengelolaan risiko merupakan suatu proses untuk memastikan                  management implementation aligns with the planned objectives
penerapan manajemen risiko yang sudah dijalankan sesuai                     and adheres to best practices in risk management application. This
dengan yang direncanakan dan sesuai dengan best practice                    measurement uses the Risk Maturity Assessment approach with
suatu penerapan Manajemen Risiko. Dalam pengukuran Risk                     the PRISMA (Pertamina Risk Maturity Self-Assessment) method.
Maturity Level tersebut menggunakan pendekatan Risk Maturity
Assessment dengan metode PRISMA (Pertamina Risk Maturity
Self-Assessment).




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Pelaksanaan Risk Maturity Assessment PRISMA dilaksanakan                        The implementation of PRISMA Risk Maturity Assessment aims to
dalam rangka mendorong tercapainya Risk Maturity Level Cultured                 drive the achievement of a Cultured Risk Maturity Level, in line
sesuai Roadmap Pengembangan Manajemen Risiko Pertamina                          with Pertamina’s Risk Management Development Roadmap and
dan Aspirasi Pemegang Saham.                                                    Shareholders’ Aspirations.

Pengukuran tingkat kematangan pengelolaan risiko Perusahaan                     The Company’s risk management maturity level measurement was
telah dilaksanakan Elnusa untuk pertama kalinya pada tahun lalu,                conducted for the first time by Elnusa in November–December
yaitu pada bulan November–Desember 2022 oleh Tim Assessor                       2022, assessed by the Across Pertamina Group Assessor Team.
Across Pertamina Group. Hasil tinjauan berupa Risk Maturity Index               The review results are reflected in the Risk Maturity Index, which
yang menggambarkan tingkat kematangan Perusahaan dalam                          illustrates the Company’s maturity level in implementing risk
menerapkan manajemen risiko.                                                    management.

Berikut Roadmap Pengembangan Manajemen Risiko Elnusa:                           Following is Elnusa’s Risk Management Development Roadmap:


             Level 1                        Level 2                    Level 3                       Level 4                        Level 5

            Initial                         Basic                 Developed                      Managed                         Cultured
                                             <2019                    2021–2022                    2023–2024                       2024–2026


   1. Belum ada pendekatan          1. Ada pendekatan formal   1. Pendekatan formal         1. Pendekatan formal           1. Menjadi perangkat
      formal dalam                     dalam pengelolaan          dalam pengelolaan            dalam pengelolaan              strategis dalam
      pengelolaan risiko.              risiko, tetapi belum       risiko dan di-review         risiko, menjadi bagian         menciptakan dan
   2. Beum tersedia peranti            lengkap.                   berkala.                     dari pengambilan               melindungi nilai.
      pengelolaan risiko.           2. Sudah mulai tersedia    2. Memiliki strategi dan        keputusan strategis.        2. Keselarasan antara
   3. Bersifat intuitif dan silo.      peranti pengelolaan        kebijakan pengelolaan     2. Perumusan strategi dan         strategi dan kebijakan
                                       risiko                     risiko.                      kebijakan pengelolaan          pengelolaan risiko dengan
   1. There is no formal            3. Bersifat normatif dan   3. Bersifat preventif dan       risiko selaras dengan          konteks perusahaan
       approach to risk                silo                       terkoordinasi.               rencana jangka panjang      3. Generatif dan kolaboratif
       management.                  4. Berjalan secara         4. Pengelolaan risiko           pengelolaan risiko.         4. Pengelolaan risiko
   2. No risk management               insidental.                didukung oleh             3. Bersifat proaktif dan          didukung kepemimpinan
       tools available.                                           kepemimpinan dan             terintegrasi.                  dan terintegrasi dengan
   3. Intuitive and siloed.         1. There is a formal          komitmen telah            4. Pengelolaan risiko             sistem manajemen
                                       approach to risk           menjadi proses               didukung kepemimpinan          lainnya.
                                       management, but it is      berkelanjutan.               dan terintegrasi dengan     5. Komunikasi dan
                                       incomplete.             5. Komunikasi dan               sistem manajemen               konsultasi berjalan secara
                                    2. Risk management tools      konsultasi mulai             lainnya.                       berkelanjutan.
                                       are in place               dijalankan.               5. Komunikasi dan              6. Mampu menjadi
                                    3. Normative and siloed                                    konsultasi dijalankan          early warming bagi
                                    4. Runs incidentally.      1. Formalized approach to       secara periodik.               pengambilan keputusan.
                                                                  risk management and
                                                                  regularly reviewed.       1. Formalized approach         1. Become a strategic tool
                                                               2. Risk management              to risk management,            in creating and protecting
                                                                  strategies and policies      becoming part of               value.
                                                                  in place.                    strategic decision-         2. Alignment between risk
                                                               3. Preventive and               making.                        management strategies
                                                                  coordinated.              2. Formulation of risk            and policies with the
                                                               4. Risk management is           management strategies          corporate context.
                                                                  supported by leadership      and policies aligned        3. Generative and
                                                                  and commitment has           with long-term risk            collaborative
                                                                  become an ongoing            management plans.           4. Risk management is
                                                                  process.                  3. Proactive and integrated.      supported by leadership
                                                               5. Communication and         4. Risk management is             and integrated with other
                                                                  consultation started.        supported by leadership        management systems.
                                                                                               and integrated with         5. Communication and
                                                                                               other management               consultation are ongoing.
                                                                                               systems.                    6. Able to be an early
                                                                                            5. Communication and              warming for decision
                                                                                               consultation are carried       making.
                                                                                               out periodically.




RISIKO ANTI KECURANGAN DAN PENYUAPAN                                            ANTI-FRAUD AND BRIBERY RISKS (FRAUD &
(FRAUD & BRIBERY)                                                               BRIBERY)
Perusahaan         telah      menerapkan     Sistem     Manajemen     Anti      The company has implemented an Anti-Bribery Management




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Penyuapan dan telah memperoleh sertifikasi ISO 37001 sesuai          System and has obtained ISO 37001 certification in accordance
SNI 37001:2016. Elnusa juga sudah melakukan pemetaan dan             with SNI 37001:2016. Elnusa has also conducted fraud and bribery
penilaian risiko fraud dan bribery pada proses bisnis Perusahaan     risk mapping and assessment within its business processes to
dengan tujuan untuk mengetahui potensi terjadinya risiko fraud       identify potential fraud and bribery risks in each process, enabling
dan bribery di setiap proses bisnis sehingga dapat dilakukan         effective control and prevention measures.The fraud and bribery
pengendalian dan pencegahan terjadinya peristiwa tersebut.           risk assessment process considers the company’s business process
Proses penilaian risiko fraud dan bribery mempertimbangkan           perspective. The results of this risk mapping are then assessed
perspektif proses bisnis Perseroan. Hasil pemetaan terhadap risiko   and evaluated to serve as the basis for establishing policies and
penyuapan ini kemudian dinilai dan dievaluasi yang dijadikan         procedures and developing action plans.
dasar untuk menetapkan kebijakan dan prosedur serta membuat
rencana tindakan.

Prosedur Penilaian Risiko Kecurangan (fraud) dan Penyuapan           This Fraud and Bribery Risk Assessment Procedures are intended
(bribery) ini bertujuan sebagai:                                     as follows:
• Panduan Perusahaan dalam menerapkan proses Penilaian               • Company guidelines for implementing the Fraud and Bribery
     Risiko Kecurangan dan Penyuapan terkait Sistem Manajemen             Risk Assessment process related to the Anti-Fraud and Anti-
     Anti Fraud dan Anti Bribery.                                         Bribery Management System.
• Mengidentifikasi peristiwa Risiko Kecurangan dan Penyuapan         • Identify Fraud and Bribery Risk events that have the potential
     yang berpotensi menimbulkan tindak kecurangan dan/atau               to give rise to acts of fraud and/or bribery in every Function in
     penyuapan pada setiap Fungsi di Perseroan.                           the Company.
• Mencegah (berulangnya kembali) terjadinya tindak kecurangan        • Prevent (recurrence) of fraud and/or bribery by mitigating
     dan/atau penyuapan dengan melakukan mitigasi risiko.                 risks.
• Meningkatkan kepedulian terhadap risiko fraud dan bribery          • Increase awareness of the risk of fraud and bribery awareness
     awareness yang dapat terjadi di lingkungan Perusahaan.               that can occur within the Company.
• Memberikan gambaran mengenai potensi kecurangan dan                • Provide overview of the potential fraud and bribery in each
     penyuapan pada setiap fungsi dan menghindari adanya                  function and avoid fraudulent acts committed by Company
     tindakan fraud yang dilakukan oleh karyawan Perseroan.               employees.

Hasil Penilaian risiko fraud dan bribery dimasukkan ke dalam         Results of the fraud and bribery risk assessment are entered into
Enterprise Risk Management System (ERMS). Selanjutnya, menjadi       the Enterprise Risk Management System (ERMS). Furthermore,
bagian dari Risk Register yang dikelola oleh masing-masing Risk      it becomes part of the Risk Register which is managed by each
Owner dan Risk Champion Fungsi/Proyek/Anak Perusahaan,               Risk Owner and Risk Champion Function/Project/Subsidiary, so
sehingga dapat dievaluasi, dinilai, dan dilakukan penanganan (risk   that it can be evaluated, assessed and handled (risk treatment)
treatment) secara berkelanjutan.                                     sustainably.

PERNYATAAN DIREKSI DAN/ATAU DEWAN                                    THE BOARD OF DIRECTORS AND/OR BOARD
KOMISARIS ATAU KOMITE AUDIT ATAS                                     OF COMMISSIONERS OR AUDIT COMMITTEE
KECUKUPAN SISTEM MANAJEMEN RISIKO                                    STATEMENT REGARDING THE ADEQUACY OF
                                                                     THE RISK MANAGEMENT SYSTEM
Direksi atas nama seluruh jajaran perusahaan telah                   The Board of Directors, on behalf of the entire company, signed the
menandatangani komitmen manajemen risiko pada tanggal 31             risk management commitment on October 31, 2022, which was
Oktober 2022 yang telah diperbarui pada tanggal 31 Oktober           renewed on October 31, 2024, as a demonstration of adherence
2024 sebagai bentuk taat pada prinsip, kerangka kerja dan            to principles, frameworks, and risk management processes.
proses Manajemen Risiko. Direksi memandang bahwa penerapan           The Board of Directors considers that the implementation of
manajemen risiko di lingkungan Perusahaan pada tahun 2024            risk management within the company in 2024 is adequate and
sudah memadai serta mampu menjawab tantangan pengelolaan             capable of addressing risk management challenges throughout
risiko sepanjang tahun buku.                                         the fiscal year.

Penerapan sistem manajemen risiko tersebut untuk mencapai            The implementation of risk management is to achieve the
visi Perusahaan menjadi “Perusahaan Jasa Energi Terkemuka            Company’s vision to become a “Leading Energy Services Company
yang Memberikan Solusi Total”. Selain itu, sebagai perwujudan        that Provides Total Solutions”. Apart from that, as an embodiment
misi Perusahaan: Meningkatkan kelangsungan bisnis yang               of the Company’s mission: Increasing sustainable and profitable
berkelanjutan dan menguntungkan dalam industri energi dalam          business continuity in the domestic and international energy
negeri dan internasional serta untuk memenuhi harapan pemegang       industry as well as to meet shareholders’ expectations, fulfill and
saham, memenuhi dan menjaga kepuasan pelanggan dengan                maintain customer satisfaction by providing total solutions through
memberikan solusi total melalui sinergi, operational excellence,     synergy, operational excellence, HSSE, and GCG principles, improve
HSSE, dan prinsip-prinsip GCG, meningkatkan kesejahteraan dan        welfare and provide opportunities for development of employees,
memberikan kesempatan untuk berkembang bagi karyawan,                build harmonious and mutually beneficial relationships with the

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membangun hubungan yang harmonis dan saling menguntungkan            government, partners and society.
dengan pemerintah, mitra, dan masyarakat.

KECUKUPAN KEBIJAKAN, PROSEDUR, DAN                                   ADEQUACY OF POLICIES, PROCEDURES AND
PENETAPAN LIMIT MANAJEMEN RISIKO                                     DETERMINING LIMIT OF RISK MANAGEMENT
Perusahaan telah memiliki kebijakan dan prosedur yang memadai        The Company has adequate policies and procedures for
untuk penerapan kerangka kerja manajemen risiko yang efektif,        implementing effective, efficient and professional risk
efisien, dan profesional dalam mendukung pertumbuhan                 management framework to support the Company’s growth in a
Perusahaan secara prudent, konsisten, dan berkelanjutan serta        prudent, consistent and sustainable manner as well as increasing
meningkatkan nilai tambah Perusahaan di mata seluruh pemangku        the Company’s added value in the eyes of all stakeholders.
kepentingan.

Kebijakan, prosedur, dan penetapan limit risiko didokumentasikan     Policies, procedures and establishing risk limits are documented
dan ditinjau secara berkala serta disesuaikan dengan                 and reviewed periodically and adjusted to internal and
perkembangan internal maupun eksternal. Kecukupan proses             externa ldevelopments. The adequacy of risk identification,
identifikasi, pengukuran, pemantauan, dan pengendalian risiko        measurement,monitoring and control processes as well as the risk
serta sistem informasi manajemen risiko juga dimonitor secara        management information system are also monitored regularly.
berkala.

Perusahaan telah memiliki infrastruktur untuk mengidentifikasi,      The Company has the infrastructure to identify, measure, monitor
mengukur, memantau, dan mengendalikan risiko yang didukung           and control risks which is supported by a management information
dengan sistem informasi manajemen yang cukup memadai dan             system that is adequate and capable of supporting overall risk
mampu mendukung fungsi manajemen risiko secara menyeluruh.           management functions. To anticipate potential risks in the future,
Untuk mengantisipasi potensi risiko di masa mendatang, secara        in a forward looking manner, the Company has developed an
forward-looking, Perusahaan mengembangkan pendekatan                 emerging risk approach as an early warning mechanism to identify
emerging risk sebagai mekanisme early warning untuk                  various potential risks that the Company may face in the future.
mengidentifikasi berbagai potensi risiko yang mungkin akan
dihadapi oleh Perusahaan dalam beberapa waktu mendatang.

Melalui pendekatan emerging risk tersebut, Perusahaan mampu          Through this emerging risk approach, the Company is able to
mengidentifikasi potensi risiko sesuai dengan profil karakteristik   identify potential risks in accordance with the profile of the
bisnis Perseroan, baik berupa besaran dampak risiko (severity        Company’s business characteristics, both in the form of the
of material impact) maupun perkiraan waktu terjadinya risiko         magnitude of the risk impact (severity of material impact) and the
tersebut (imminence), sehingga Perusahaan mampu melakukan            estimated time of occurrence of the risk (imminence), so that the
berbagai tindakan yang diperlukan untuk memitigasi dan               Company is able to take various actions necessary to mitigate and
mengendalikan potensi risiko tersebut.                               control these potential risks.

PENGAWASAN AKTIF DEWAN KOMISARIS                                     ACTIVE SUPERVISION OF THE BOARD OF
DAN DIREKSI                                                          COMMISSIONERS AND THE BOARD OF
                                                                     DIRECTORS
Dewan Komisaris memiliki tugas dan tanggung jawab yang               The Board of Commissioners has clear duties and responsibilities
jelas dalam melaksanakan fungsi pengawasan atas penerapan            in overseeing the implementation of risk management in the
manajemen risiko di Perseroan, di antaranya mengawasi                Company, including supervising the implementation of the
pelaksanaan fungsi manajemen risiko berlangsung sesuai               risk management function in accordance with established
kebijakan yang ditetapkan, memberikan arahan strategis untuk         policies, providing strategic direction to improve the quality and
meningkatkan kualitas dan efektivitas fungsi manajemen risiko,       effectiveness of the risk management function, and reviewing
serta meninjau dan menyetujui rekomendasi dari Komite                and approving recommendations from the Risk and Investment
Pemantau Risiko dan Investasi dalam kaitannya dengan:                Monitoring Committee in relation to:
1. Menciptakan konteks manajemen risiko, terutama dalam              1. Create a risk management context, especially in formulating
     merumuskan risk appetite dan risk tolerance.                        risk appetite and risk tolerance.
2. Mendesain struktur organisasi dan merumuskan tugas pokok          2. Design the organizational structure and formulate the main
     serta fungsi manajemen risiko Perusahaan.                           tasks and functions of the Company’s risk management.
3. Persetujuan transaksi yang melampaui kewenangan pejabat           3. Approval of transactions that exceed the authority of officials
     satu level di bawah Direksi atau transaksi yang memerlukan          one level below the Board of Directors or transactions that
     persetujuan sesuai dengan kebijakan dan prosedur intern             require approval in accordance with applicable internal
     yang berlaku.                                                       policies and procedures.




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Direksi memiliki tugas dan tanggung jawab yang jelas dalam            The Board of Directors has clear duties and responsibilities in
melaksanakan fungsi manajemen risiko, di antaranya:                   carrying out the risk management function, including:
1. Menyusun kebijakan dan strategi manajemen risiko secara            1. Developing written and comprehensive risk management
    tertulis dan komprehensif.                                            policies and strategies.
2. Bertanggung jawab atas pelaksanaan kebijakan manajemen             2. Being responsible for implementing risk management policies
    risiko dan eksposur risiko yang diambil oleh Perseroan secara         and the overall risk exposure undertaken by the Company.
    keseluruhan.
3. Mengevaluasi dan memutuskan transaksi yang memerlukan              3. Evaluating and deciding on transactions that require Board of
    persetujuan Direksi.                                                 Directors’ approval.
4. Mengembangkan budaya manajemen risiko pada seluruh                 4. Developing a risk management culture at all levels of the
    jenjang organisasi Perseroan.                                        Company’s organization.
5. Memastikan kompetensi sumber daya manusia yang terkait             5. Ensuring the competency of human resources related to risk
    dengan manajemen risiko.                                             management.
6. Memastikan fungsi manajemen risiko telah beroperasi secara         6. Ensuring that the risk management function operates
    independen.                                                          independently.
7. Melaksanakan kaji ulang secara berkala sesuai dengan               7. Conducting periodic reviews as needed by the Company to:
    kebutuhan Perseroan untuk:
    a. Memastikan keakuratan metodologi manajemen risiko;                 a. Ensure the accuracy of risk management methodologies;
    b. Kecukupan implementasi sistem informasi manajemen                  b. Assess the adequacy of risk management information
         risiko; dan                                                         system implementation; and
    c. Ketepatan kebijakan, prosedur, dan penetapan limit risiko.         c. Ensure the appropriateness of policies, procedures, and
                                                                             risk limit determination.



MANAJEMEN RISIKO TERHADAP ASPEK                                       RISK MANAGEMENT ON SUSTAINABILITY
KEBERLANJUTAN                                                         ASPECTS
Manajemen risiko keberlanjutan adalah proses proaktif dalam           Sustainability risk management is a proactive process of mitigating
mengurangi dampak negatif dan memanfaatkan peluang terkait            negative impacts and capitalizing on opportunities related
aspek lingkungan, sosial, dan tata kelola (ESG-Environmental,         to environmental, social, and governance (ESG) aspects. This
Social, and Governance). Pendekatan ini membantu Perusahaan           approach helps the Company in facing global challenges such as
dalam menghadapi tantangan global seperti perubahan iklim,            climate change, social inequality, and economic uncertainty.
ketimpangan sosial, dan ketidakpastian ekonomi.

Perusahaan telah melakukan identifikasi risiko yang berdampak         The Company has identified risks that have an impact on
pada aspek keberlanjutan. Untuk aspek keberlanjutan masuk pada        sustainability aspects. For sustainability aspects, it is included in
kategori Business Environment Risk (salah satu Risk Intelligent Map   the Business Environment Risk category (one of the Risk Intelligent
yang dikelaola oleh Perusahaan). Business Environment Risk adalah     Maps managed by the Company). Business Environment Risk is the
risiko akibat perubahan dari kondisi lingkungan bisnis Perseroan.     risk due to changes in the Company’s business environment. Risk
Manajemen risiko terhadap aspek keberlanjutan merupakan               management for sustainability aspects is a systematic approach
pendekatan sistematis dalam mengidentifikasi, menilai, dan            in identifying, assessing, and managing risks that can hinder the
mengelola risiko yang dapat menghambat pencapaian tujuan              achievement of sustainability goals in various sectors, including
keberlanjutan dalam berbagai sektor, termasuk bisnis, lingkungan,     business, environment, and social.
dan sosial.

Beberapa pendekatan yang dilakukan Perusahaan dalam                   Some of the approaches taken by the Company in managing
mengelola risiko keberlanjutan meliputi:                              sustainability risks include:
1. Identifikasi Risiko: Menganalisis faktor risiko yang mungkin       1. Risk Identification: Analyzing risk factors that may impact the
   berdampak pada keberlanjutan organisasi.                               sustainability of the organization.
2. Penilaian Risiko: Menentukan tingkat keparahan dan                 2. Risk Assessment: Determining the severity and possible
   kemungkinan dampak dari risiko tersebut.                               impact of the risk.
3. Mitigasi dan Adaptasi: Mengembangkan strategi untuk                3. Mitigation and Adaptation: Developing strategies to reduce




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   mengurangi dampak atau beradaptasi dengan risiko yang ada.      the impact or adapt to existing risks.
4. Monitoring dan Evaluasi: Memastikan implementasi strategi    4. Monitoring and Evaluation: Ensuring the implementation of
   berjalan dengan baik dan menyesuaikan jika diperlukan.          the strategy is going well and adjusting if necessary.

Manajemen risiko yang efektif terhadap aspek keberlanjutan      Effective risk management of sustainability aspects can help
dapat membantu organisasi menciptakan nilai jangka panjang,     organizations create long-term value, improve competitiveness,
meningkatkan daya saing, dan berkontribusi pada pembangunan     and contribute to sustainable development.
berkelanjutan.




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Perkara Penting
      Important Cases

Selama tahun 2024, Perseroan menghadapi beberapa perkara                 hroughout the year 2024, the Company faced important cases as
penting yang diuraikan melalui tabel di bawah ini:                       described in the table below:


                                                                  Perkara Penting
                                                                  Important Cases
 No.    Pokok Perkara/Gugatan                                                                                        Pengaruhnya terhadap
                                                                Status Penyelesaian
       Subject Matter of the Case/                                                                                     Kondisi Perusahaan
                                                                 Completion Status
                Defense                                                                                              Impact to the Company
PT Elnusa Tbk
  1    Case Bank Mega                Bahwa dengan adanya Perjanjian Perdamaian dan Pemenuhan Putusan                        Neutral
                                     Pengadilan, Penetapan Pencabutan Perkara Eksekusi, Penetapan
                                     Pengangkatan Sita Jaminan dan Berita Acara Pengangkatan Sita Jaminan.
                                     Maka perkara hukum antara Perusahaan dan Bank Mega Tbk dinyatakan
                                     telah selesai.
                                     That with the existence of the Settlement Agreement and Court Decision
                                     Compliance, the Determination of Execution Case Withdrawal, the
                                     Determination of Seizure Lifting, and the Minutes of Seizure Lifting, the
                                     legal case between the Company and Bank Mega Tbk is declared resolved.
  2    PKPU PT Alpha Dwi Marine      Pada tanggal 14 Juni 2024, Perusahaan telah menerima Salinan Putusan                   Neutral
       Indonesia                     No. 264/Pdt.SusKPU/2022/PN.Niaga.Jkt.Pst. Maka perkara hukum gugatan
                                     PKPU kepada ADMI dinyatakan telah selesai.
                                     On June 14, 2024, the Company received a Copy of Decision No. 264/Pdt.
                                     SusKPU/2022/PN.Niaga.Jkt.Pst. Thus, the legal case of the PKPU lawsuit
                                     against ADMI is declared resolved
PT Elnusa Trans Samudera sedang tidak menghadapi perkara baik sebagai penggugat maupun tergugat.
PT Elnusa Trans Samudera is not facing any case either as plaintiff or defendant.
PT Elnusa Petrofin
  1    Perkara di Bitung             Jenis Perkara mengenai Gugatan Perbuatan Melawan Hukum, dengan
                                     jumlah yang diperkarakan terdiri dari kerugian Materiil sebesar
                                     Rp1.657.143.000 (satu miliar enam ratus lima puluh tujuh juta seratus
                                     empat puluh tiga ribu Rupiah) dan Imateriil sebesar Rp10.000.000.000
                                     (sepuluh miliar Rupiah).

                                     Perkara telah selesai (inkracht) melalui Pengadilan Negeri Bitung
                                     sebagaimana putusan No. 189/Pdt.G/2023/PN Bit.
                                     Sesuai dengan putusan di atas, tidak ada kewajiban pembayaran apapun
                                     dari Perusahaan kepada penggugat.

       Cases in Bitung               Type of case regarding tort lawsuit, with the amount in question consisting
                                     of material losses of Rp1,657,143,000 (one billion six hundred fifty seven
                                     million one hundred forty three thousand Rupiah) and immaterial of
                                     Rp10,000,000,000 (ten billion Rupiah).

                                     The case has been completed (inkracht) through the Bitung District Court
                                     as verdict No. 189/Pdt.G/2023/PN Bit. In accordance with the above
                                     decision, there is no obligation to pay anything from the Company to the
                                     plaintiff.




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            TATA KELOLA PERUSAHAAN
            Corporate Governance




                                                                   Perkara Penting
                                                                   Important Cases
 No.     Pokok Perkara/Gugatan                                                                                   Pengaruhnya terhadap
                                                                 Status Penyelesaian
        Subject Matter of the Case/                                                                                Kondisi Perusahaan
                                                                  Completion Status
                 Defense                                                                                         Impact to the Company
  2    Perkara di Area Operasi FT     Jenis Perkara mengenai Tindak Pidana Penggelapan dalam Jabatan oleh
       Wayame                         Terlapor Sdr. FAHMI AFRIANSAH REHALAT selaku Korlap/mekanik/CS
                                      pada PT Elnusa Petrofin FT Wayame, sebagaimana Laporan Pengaduan
                                      No. 51/MLF/LP/VII/2024 Laporan/Pengaduan pada tanggal 15 Juli 2024,
                                      dengan jumlah penggelapan yang dilakukan oleh Terlapor adalah sebesar
                                      Rp469.330.209 (empat ratus enam puluh sembilan juta tiga ratus tiga
                                      puluh ribu dua ratus sembilan Rupiah).

                                      Perkara sedang berjalan/berproses pada tahap penyelidikan sebagaimana
                                      surat Perintah Penyelidikan No. Sp.Lidik/ 509 /IX/2024/Satreskrim,
                                      tanggal 8 Agustus 2024 dengan Pemanggilan Pihak-Pihak untuk dimintai
                                      keterangannya, antara lain:
                                      – Pada tanggal 13 September 2024, Bapak Waliantono Hamzah telah
                                         dipanggil dan dimintai keterangannya;
                                      – Pada tanggal 13 Oktober 2024, Ibu Devi dan Afiany telah dipanggil dan
                                         dimintai keterangannya;
                                      – Pada tanggal 28 November 2024, pemeriksaan terhadap PT Belgika
                                         Semesta Raya telah dipanggil dan dimintai keterangannya;
                                      – Selanjutnya Penyidik akan memeriksa dari Tim Pemeriksa Internal yang
                                         akan dijadwalkan antara tanggal 20–24 Januari 2025.

                                      Berdasarkan Laporan Audit Khusus, maka kemungkinan nilai kerugian yang
                                      akan diderita adalah sebesar Rp469.330.209 (empat ratus enam puluh
                                      sembilanjuta tiga ratus tiga puluh ribu dua ratus sembilan Rupiah).

       Cases in FT Wayame             Type of Case regarding the Crime of Embezzlement in Position by the
       Operation Area                 Reported Officer, Br. FAHMI AFRIANSAH REHALAT as Korlap/mechanic/
                                      CS at PT Elnusa Petrofin FT Wayame, as Report of Complaint No. 51/
                                      MLF/LP/VII/2024 Report/Complaint on July 15, 2024, with the amount
                                      of embezzlement committed by the Reported Officer amounting to
                                      Rp469,330,209 (four hundred sixty nine million three hundred thirty
                                      thousand two hundred and nine Rupiah).

                                      The case is ongoing/processing at the investigation stage as per the
                                      Investigation Order No. Sp.Lidik/509/IX/2024/Satreskrim, dated August 8,
                                      2024 with the summoning of parties to be questioned, among others:
                                      – On September 13, 2024 Mr. Waliantono Hamzah was summoned and
                                         questioned;
                                      – On October 13, 2024 Ms. Devi and Afiany were summoned and
                                         questioned;
                                      – On November 28, 2024 the examination of PT Belgika Semesta Raya was
                                         summoned and questioned;
                                      – Furthermore, the Investigator will examine the Internal Audit Team
                                         which will be scheduled between January 20–24, 2025.

                                      Based on the Special Audit Report, the possible value of the loss to be
                                      suffered is Rp469,330,209 (four hundred sixty nine million three hundred
                                      thirty thousand two hundred nine Rupiah).
 PT Sigma Cipta Utama sedang tidak menghadapi perkara baik sebagai penggugat maupun tergugat.
 PT Sigma Cipta Utama is not facing a case either as a plaintiff or defendant.
 PT Patra Nusa Data sedang tidak menghadapi perkara baik sebagai penggugat maupun tergugat.
 PT Patra Nusa Data is not facing any case either as plaintiff or defendant.
 PT Elnusa Fabrikasi Konstruksi sedang tidak menghadapi perkara baik sebagai penggugat maupun tergugat.
 PT Elnusa Fabrikasi Konstruksi is not facing any case either as plaintiff or defendant.



PELANGGARAN HUKUM TERKAIT                                                VIOLATION OF LAWS RELATED TO LABOR,
KETENAGAKERJAAN, KONSUMEN, KEPAILITAN,                                   CONSUMER, INSOLVENCY, COMMERCIAL,
KOMERSIAL, PERSAINGAN DAN/ATAU                                           COMPETITION AND/OR ENVIRONMENTAL
MASALAH LINGKUNGAN                                                       ISSUES
Selama tahun 2024, Perseroan tidak melakukan pelanggaran                 During 2024, the Company did not violate any laws related to
hukum terkait ketenagakerjaan, konsumen, kepailitan, komersial,          labor, consumer, bankruptcy, commercial, competition and/or
persaingan dan/atau masalah lingkungan.                                  environmental issues.




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                                                                                                               Corporate Governance




Informasi mengenai Sanksi Administratif
    Information regarding Administrative Sanction

Selama tahun 2024, tidak terdapat sanksi administratif yang         Throughout the year 2024, there were no Administrative Sanctions
diterima oleh Perseroan, Dewan Komisaris, Direksi maupun Entitas    received by the Company, the Board of Commissioners, the
Anak baik dari OJK maupun otoritas lainnya.                         Board of Directors or Subsidiaries both from OJK as well as other
                                                                    authorities.

SANKSI PERPAJAKAN                                                   TAXATION SANCTIONS
Perseroan telah melunasi seluruh ketetapan pajak sebagai            The Company has paid all of its due tax based on audit resutls
hasil pemeriksaan yang sudah jatuh tempo pembayaran sesuai          in accordance with applicable regulations, meaning that the
ketentuan yang berlaku, sehingga secara ketentuan Perseroan         Company has no tax payment arrears.
tidak memiliki tunggakan pembayaran pajak.




Kode Etik
    Code of Ethics

Sebagai bagian dari komitmen penerapan GCG, Perseroan               As part of its commitment to GCG implementation, the Company
menetapkan Kode Etik (Code of Conduct/CoC) sebagai pedoman          established a Code of Conduct (CoC) as a guideline that applies
yang berlaku bagi seluruh elemen di organisasi Perusahaan dalam     to all elements in the Company’s organization in carrying out
menjalankan aktivitas bisnis secara profesional, berintegritas,     business activities professionally, with integrity and responsibility.
dan bertanggung jawab. Kode Etik ini menjadi dasar penerapan        This Code of Conduct serves as the basis for the implementation
perilaku yang mengatur hubungan antara pekerja dan manajemen        of behavior that regulates the relationship between employees
Perusahaan, sesama pekerja, konsumen, pemasok, pemegang             and management of the Company, fellow employees, consumers,
saham, permangku kepentingan, Pemerintah dan masyarakat.            suppliers, shareholders, stakeholders, the Government and the
Dengan penerapan Code of Conduct yang konsisten, Elnusa             community. With consistent implementation of the Code of
berkomitmen untuk menciptakan lingkungan kerja yang etis,           Conduct, Elnusa is committed to creating a work environment that
transparan, serta mendukung keberlanjutan usaha yang                is ethical, transparent, and supports business sustainability based
berlandaskan nilai-nilai perusahaan.                                on corporate values.

Sebagai pedoman yang bersifat dinamis, Code of Conduct akan         As a dynamic guideline, the Code of Conduct will continue to be
terus dikaji secara berkala dan berkelanjutan sesuai dengan         reviewed periodically and continuously in accordance with the
dinamika lingkungan usaha yang terjadi. Code of Conduct Elnusa      dynamics of the business environment. Elnusa’s Code of Conduct
memuat di antaranya prinsip-prinsip GCG serta pengelolaan bisnis    includes GCG principles and business management by prioritizing
dengan mengedepankan etika bisnis serta pelaksanaan Etika Kerja     business ethics and the implementation of Work Ethics within
di lingkungan Perusahaan agar setiap individu Perusahaan mampu      the Company so that each individual of the Company is able to
bersikap, berperilaku, berinteraksi dan melakukan proses kerja      behave, interact and carry out work processes both inside and
baik di dalam dan di luar Perusahaan.                               outside the Company.

POKOK-POKOK KODE ETIK                                               PRINCIPLES OF THE CODE OF ETHICS
Penerapan Code of Conduct merupakan petunjuk praktis dan            The implementation of the Code of Conduct is a practical guide
pedoman perilaku bagi seluruh Perwira Elnusa yang wajib dipatuhi    and code of conduct for all Elnusa Officers that must be obeyed in
dalam melakukan interaksi dengan semua pihak dalam rangka           interacting with all parties in order to develop good relationships
mengembangkan hubungan yang baik antara Perusahaan, pekerja         between the Company, employees and stakeholders. The
dan stakeholders. Perseroan tidak akan mentolerir hal-hal terkait   Company will not tolerate matters related to integrity. Therefore,




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           TATA KELOLA PERUSAHAAN
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dengan integritas. Oleh karena itu, beberapa aspek kritikal yang   some critical aspects that are deemed necessary are regulated
dipandang perlu diatur dalam Standar Etika Perusahaan sebagai      in the Company’s Ethical Standards as guidelines for behavior in
pedoman perilaku dalam berhubungan dengan para pemangku            dealing with stakeholders, both internal and external.
kepentingan, baik internal maupun eksternal.

Adapun pokok-pokok Kode Etik Perseroan memuat hal-hal sebagai      The Company’s Code of Ethics contains the following points:
berikut:

Bab I: Pendahuluan                                                 Chapter: I Introduction
1. Latar belakang                                                  1. Background
2. Visi, Misi dan Nilai Perusahaan                                 2. Vision, Mission and Company Values
3. Tujuan CoC                                                      3. CoC objectives
4. Manfaat                                                         4. Benefits
5. Prinsip-prinsip GCG                                             5. GCG principles
6. Istilah-istilah yang digunakan                                  6. Terms used

Bab II: Etika Kerja & Bisnis Elnusa                                Chapter II: Elnusa’s Work & Business Ethics
1. Pedoman Perilaku                                                1. Code of Conduct
2. Perilaku Integritas                                             2. Integrity Behavior
3. Patuh Hukum                                                     3. Compliance with the Laws
4. Anti Suap dan Korupsi                                           4. Anti-Bribery and Corruption
5. Anti Fraud                                                      5. Anti-Fraud
6. Konflik Kepentingan                                             6. Conflict of Interest
7. Sponsor, Hadiah, Jamuan dan Hiburan                             7. Sponsorship, Prizes, Receptions and Entertainment
8. Hubungan dengan Petugas Pemerintahan atau Lembaga               8. Relations with Government Officials or Government
   Pemerintah                                                         Institutions
9. Perilaku Profesional Perwira Elnusa                             9. Professional Behavior of Elnusa Officers

Bab III: Whistleblowing System                                     Chapter III: Whistleblowing System

Bab IV: Petunjuk Pelaksanaan                                       Chapter IV: Implementation Guidelines
1. Prinsip dasar pelaksanaan                                       1. Basic principles of implementation
2. Sosialisasi                                                     2. Socialization
3. Pelaporan pelanggaran                                           3. Reporting violations
4. Sanksi atas pelanggaran                                         4. Sanctions for violations

BENTUK SOSIALISASI KODE ETIK                                       BENTUK SOSIALISASI KODE ETIK
Perseroan secara berkala melakukan sosialisasi standar etika       The Company regularly socializes these ethical standards to all
ini kepada seluruh jajaran karyawan mulai dari jajaran Dewan       levels of employees starting from the Board of Commissioners and
Komisaris dan Direksi, Manajemen, karyawan baik yang berada di     Directors, Management, employees both at the head office and in
kantor pusat maupun yang berada di wilayah operasi. Sosialisasi    the operating areas. The socialization of CoC material is continued
materi CoC dilanjutkan dengan melakukan pengisian Compliance       by filling out the Compliance Online System (COMPOLS) as a form
Online System (COMPOLS) sebagai bentuk kepatuhan & komitmen        of compliance & commitment to employee integrity.
integritas pekerja.

Perseroan juga menempatkan informasi mengenai Standar Etika        The Company also post information regarding Ethical Standards at
melalui website Perseroan dan portal internal dalam rangka         the Company’s website and internal portal. If there are matters
memberikan akses serta pemahaman kepada seluruh Perwira            that are incomplete, employees can at any time ask their respective
Perseroan. Jika terdapat hal-hal yang kurang lengkap, karyawan     direct superiors or the Ethics and GCG Supervisory Compliance
dapat sewaktu-waktu bertanya kepada atasan langsung masing-        Function as the person responsible for the implementation of
masing atau kepada Fungsi Kepatuhan Pengawas Etika dan             Corporate Governance.
GCG sebagai penanggung jawab atas implementasi Tata Kelola
Perusahaan.




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Penerapan standar etika merupakan salah satu bentuk penguatan       The implementation of ethical standards is one form of
budaya Perusahaan yang bertujuan untuk membangun fondasi            strengthening the Company’s culture which aims to build a
yang kuat bagi kelanjutan eksistensi bisnis Perusahaan. Budaya      strong foundation for the continued existence of the Company’s
Perusahaan merupakan kombinasi yang terintegrasi dan selaras        business. Corporate Culture is an integrated combination and in
dengan Tata Nilai AKHLAK yang merupakan turunan dari niai-nilai     harmony with the AKHLAK Values which are derived from the main
utama atau core value Badan Usaha Milik Negara yang dijadikan       values or core values of State-Owned Enterprises set-forth as the
sebagai budaya perusahaan.                                          corporate culture.

UPAYA PENEGAKAN KODE ETIK DAN                                       EFFORTS IN ENFORCING THE CODE OF ETHICS
PENGADUAN PELANGGARAN                                               AND COMPLAINTS OF VIOLATION
Perseroan berkomitmen untuk menegakkan penerapan Pedoman            The Company enforces the Company’s Code of Conduct Standards,
Standar Perilaku Perseroan yang dilakukan dengan melakukan          carried out by periodical monitoring the enforcement of the
pemantauan secara berkala terhadap penegakan Pedoman Etika          Company’s Code of Ethics and providing facilities for complaints
Perseroan dan menyediakan fasilitas bagi pengaduan terhadap         regarding violations of the Code of Conduct Standards that apply
pelanggaran Pedoman Standar Perilaku yang berlaku di lingkungan     within the Company. The mechanism for reporting violations of
Perseroan. Mekanisme pelaporan pelanggaran Pedoman Standar          the Code of Conduct Standards is carried out as stated in the
Perilaku dilakukan sebagaimana tercantum dalam ketentuan            provisions of the Reporting System Violations or Whistle Blowing
Sistem Pelaporan Pelanggaran atau Whistleblowing System (WBS)       System (WBS) that the Company has developed..
yang telah dikembangkan Perseroan.

WBS merupakan sistem yang telah dikembangkan Perseroan dan          WBS is a system developed by the Company and is used to receive,
digunakan untuk menerima, mengelola dan menindaklanjuti             manage and follow up as well as contain reports on information
serta memuat pelaporan atas informasi yang disampaikan oleh         submitted by whistleblowers regarding acts of violation that occur
pelapor mengenai tindakan pelanggaran yang terjadi di lingkungan    within the Company, namely acts that violate the Company’s
Perseroan, yaitu perbuatan melanggar Pedoman Standar Perilaku       Code of Standards of Conduct committed by either employees or
Perseroan yang dilakukan baik oleh karyawan atau pimpinan           management which can be detrimental to the Company and other
yang dapat merugikan Perseroan maupun para pemangku                 stakeholders.
kepentingan lainnya.

Bagi Perwira Perseroan yang terbukti melakukan pelanggaran          Company personnel who are proven to have violated the applicable
terhadap Pedoman Standar Perilaku yang berlaku, akan diberikan      Code of Conduct Standards will be given sanctions in accordance
sanksi sesuai dengan kebijakan dan peraturan perundang-             with applicable policies and laws and regulations. The form of
undangan yang berlaku. Bentuk penindakan berupa pemberian           action is in the form of providing verbal or written warnings to
peringatan lisan maupun tertulis kepada karyawan yang melakukan     employees who commit violations.
pelanggaran.

PERNYATAAN BAHWA KODE ETIK BERLAKU                                  STATEMENT THAT THE CODE OF ETHICS
BAGI ANGGOTA DIREKSI, ANGGOTA DEWAN                                 APPLIES TO MEMBERS OF THE BOARD OF
KOMISARIS, DAN KARYAWAN EMITEN ATAU                                 DIRECTORS, MEMBERS OF THE BOARD OF
PERUSAHAAN PUBLIK                                                   COMMISSIONERS AND EMPLOYEES OF
                                                                    ISSUERS OR PUBLIC COMPANIES
Kode Etik Perseroan merupakan Standar Etika di lingkungan           The Company’s Code of Ethics is an Ethical Standard within the
Perseroan yang wajib dipatuhi dan dilaksanakan oleh:                Company that must be adhered to and implemented by the
                                                                    following:
1. Karyawan Elnusa, di semua level termasuk Dewan komisaris,        1. Elnusa personnel, at all levels including the Board of
   Direksi, dan Organ penunjang Dewan Komisaris.                         Commissioners, the Board of Directors and supporting organs
                                                                         of the Board of Commissioners.
2. Pihak Eksternal yang bertindak untuk dan atas nama Elnusa.       2. External parties working for and on behalf of Elnusa.
3. Seluruh entitas Anak Perusahaan.                                 3. All Subsidiary entities.
4. Mitra Kerja yang bekerja sama dengan Elnusa, seperti             4. Work Partners who collaborate with Elnusa, such as
   konsultan, media partner, lawyer, serta rekanan kerja lainnya.        consultants, media partners, lawyers and other work partners.




                                                                                         2024 Annual Report PT ELNUSA Tbk       419
Page 422
             TATA KELOLA PERUSAHAAN
             Corporate Governance




SANKSI ATAS PELANGGARAN                                                 SANCTIONS FOR VIOLATIONS
Perseroan akan memberikan sanksi serta tidak akan mentolerir            The Company will sanction and will not tolerate matters related
hal-hal terkait dengan integritas. Oleh karena itu, beberapa            to integrity. Therefore, several critical aspects that are deemed
aspek kritikal yang dipandang perlu diatur dalam standar etika          necessary to be regulated in the Company’s ethical standards as
Perusahaan sebagai pedoman perilaku dalam berhubungan                   guidelines for behavior in dealing with stakeholders, both internal
dengan stakeholders, baik internal maupun eksternal antara lain         and external, among others, include:
mencakup:
• Sikap kerja profesional baik sebagai pimpinan maupun                  •   Professional work attitude both as a leader and subordinate
    bawahan
• Selalu melakukan tes etika jika berhadapan dengan situasi             •   Always carry out ethical tests when faced with dilemma
    dilema                                                                  situation
• Berani mengungkapkan masalah                                          •   Have courage to express problems
• Menghindari diskriminasi                                              •   Avoid discrimination
• Kesempatan karier yang sama                                           •   Equal career opportunities
• Bebas narkotika dan obat-obatan terlarang                             •   Free from narcotics and illegal drugs
• Saling menghargai satu sama lain                                      •   Respect each other
• Batasan dalam aktivitas politik                                       •   Limitations on political activity
• Menjaga rahasia Perusahaan                                            •   Maintain company secrets
• Menjaga citra Perusahaan                                              •   Maintain the Company’s image
• Pengambilan keputusan berdasarkan atas kepentingan                    •   Decision making is based on the Company’s interests
    Perusahaan

JUMLAH PELANGGARAN KODE ETIK                                            NUMBER OF CODE OF ETHICS VIOLATIONS
Sebagai realisasi penegakan Pedoman Standar Perilaku Perseroan,         As a realization of the enforcement of the Company’s Code of
rincian sanksi yang dikenakan terkait penegakan Kode Etik selama        Conduct Standards, the following are details of the sanctions
tahun 2024 sebagai berikut:                                             imposed regarding the enforcement of the Code of Ethics
                                                                        during 2024:


                                                              Jumlah
                                                            Pelanggaran
    Kategori Pelanggaran                Jenis Sanksi                                   Type of Sanction            Category of Violation
                                                            Numbers of
                                                             Violations
 Tidak disiplin presensi     Surat Teguran                         0                Undisciplined attendance           Letter of Reprimand
 Tidak kooperatif            Surat Peringatan 1                    0                          Uncooperative               1st Warning Letter
 Kelalaian                   Surat Peringatan 1                    26                             Negligence              1st Warning Letter
 Kelalaian                   Surat Peringatan 2                    1                              Negligence             2nd Warning Letter
 Diduga ethics               Skorsing                              1                        Suspected Ethics                    Suspension
 Kelalaian                   Surat Peringatan 1 &                  9                              Negligence       1st & Last Warning Letter
                             Terakhir
 Diduga ethics               Surat Peringatan 1 &                  0                        Suspected Ethics       1st & Last Warning Letter
                             Terakhir
 Kelalaian                   PHK                                   5                    Kelalaian| Negligence                        Layoff
 Ethics                      PHK                                   0                                      Ethics                     Layoff




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                                                                                                              TATA KELOLA PERUSAHAAN
                                                                                                                 Corporate Governance




Sebagai bagian dari transparansi yang dilakukan Perseroan,           As part of the transparency carried out by the Company, below is
informasi mengenai jumlah penyimpangan internal yang terjadi         the number of internal irregularities that occurred and efforts to
dan upaya penyelesaiannya, sebagai berikut:                          resolve them:


                                                    Jumlah Kasus yang Dilakukan oleh
                                                    Number of Cases Being Handled by
     Penyimpangan
                                                                                                                   Internal Deviations in
    Internal dalam 1              Manajemen                 Pegawai Tetap               Pegawai Tidak Tetap
                                                                                                                           1 Year
         Tahun                    Management             Permanent Employees           Temporary Employees
                            2024           2023           2024           2023          2024            2023
 Telah Diselesaikan           8                7           38             12             3               3                      Resolved
 Dalam proses                 0                4            1             4              0               0              In the process of
 penyelesaian internal                                                                                                internal resolution
 Belum diupayakan             0                0            0             0              0               0              Not yet resolved
 Penyelesaiannya
 Telah ditindaklanjuti        0                0            0             0              0               0             Taken up through
 melalui proses hukum                                                                                                    legal processing
 Jumlah Penyimpangan          8                11          39             16             3               3         Number of Deviation


KAJIAN DAN EVALUASI MANAJEMEN                                        MANAGEMENT REVIEW AND EVALUATION
Manajemen secara konsisten melakukan kajian dalam rangka             The Management consistently conducts studies in order to
mengevaluasi kinerja Perseroan, termasuk keterkaitan antara visi,    evaluate the Company’s performance, including the connection
misi dan budaya perusahaan serta kode etik dengan rencana jangka     between the company’s vision, mission and culture as well as
panjang dan profil risiko yang dihadapi Perseroan. Penerapan         the code of ethics with the long-term plans and risk profile faced
Pedoman Standar Perilaku juga menjadi kajian manajemen untuk         by the Company. The implementation of the Code of Conduct
menjadi salah satu perangkat evaluasi keorganisasian.                Standards is also a management study to become an organizational
                                                                     evaluation tool.




Sistem Manajemen Anti Penyuapan
    Anti-Bribery Management System

Sebagai perusahaan yang berkomitmen pada prinsip tata kelola         As a company committed to good governance principles, the
yang baik, Perseroan terus memperkuat upaya dalam menciptakan        Company continues to strengthen its efforts in creating a clean,
lingkungan kerja yang bersih, transparan, dan berintegritas.         transparent, and integrity-driven work environment. The Company
Perseroan secara konsisten menerapkan Sistem Manajemen Anti          consistently implements the Anti-Bribery Management System
Penyuapan (SMAP) dalam menghadapi tantangan bisnis yang              (SMAP) to address increasingly complex business challenges. The
semakin kompleks. Penerapan SMAP juga merupakan bagian dari          implementation of SMAP is also part of the Company’s efforts
upaya pencegahan praktik korupsi, kolusi, dan nepotisme (KKN) di     to prevent corruption, collusion, and nepotism (KKN) across all
seluruh lini operasional perusahaan.                                 operational lines.

Implementasi SMAP yang mengacu pada standar ISO 37001:2016           SMAP implementation refers to the ISO 37001:2016 standard,
yang memastikan bahwa setiap kebijakan, prosedur, dan                ensuring that every policy, procedure, and supervisory mechanism
mekanisme pengawasan yang diterapkan mampu mendeteksi,               can detect, prevent, and address bribery practices that may harm
mencegah, serta menindak praktik penyuapan yang dapat                the Company and its stakeholders. This system applies not only
merugikan perusahaan dan para pemangku kepentingan. Sistem           to all employees but also to business partners, suppliers, and
ini tidak hanya berlaku bagi seluruh karyawan, tetapi juga           other external parties interacting with the Company. Through
mencakup mitra bisnis, pemasok, dan pihak eksternal lainnya yang     this approach, the Company strives to build a strong compliance
berinteraksi dengan Perseroan. Dengan pendekatan ini, Perseroan      culture and maintain trust from customers, shareholders, and the
berupaya untuk membangun budaya kepatuhan yang kuat serta            wider community.
menjaga kepercayaan dari pelanggan, pemegang saham, dan
masyarakat luas.




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Page 424
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DASAR PENERAPAN SMAP                                              BASIS OF SMAP IMPLEMENTATION
Penerapan SMAP di Perseroan tertuang dalam Kebijakan Anti         The implementation of SMAP in the Company is outlined in the
Penyuapan yang memuat komitmen untuk mengelola anti               Anti-Bribery Policy, which includes a commitment to managing
penyuapan dan dirancang untuk menerapkan pengendalian yang        anti-bribery efforts and is designed to implement appropriate
tepat dalam mendeteksi, mengidentifikasi dan mengurangi potensi   controls to detect, identify, and mitigate bribery risks from the
penyuapan sejak awal, mengembangkan dan menumbuhkan               outset. It also aims to develop and foster an anti-bribery culture
budaya anti-penyuapan bagi seluruh Direksi, Dewan Komisaris,      among the Board of Directors, Board of Commissioners, employees,
karyawan maupun pihak eksternal terkait serta meningkatkan        and relevant external parties while enhancing compliance with
kepatuhan terhadap hukum dan peraturan yang berlaku. Kebijakan    applicable laws and regulations. The Anti-Bribery Policy has been
Anti Penyuapan telah dilaksanakan secara efektif di Perseroan.    effectively implemented within the Company.

Dasar penerapan SMAP Perseroan dilaksanakan mengacup pada         The implementation of the Company’s SMAP is based on several
beberapa peraturan meliputi:                                      regulations, including:
1. Instruksi Presiden No. 10 Tahun 2016 tentang Aksi Pencegahan   1. Presidential Instruction No. 10 of Year 2016 regarding Actions
   dan Pemberantasan Korupsi.                                         to Prevent and Eradicate Corruption.
2. Surat Menteri BUMN No. S-35/MBU/01/2020 tanggal 10             2. Letter from the Minister of BUMN No. S-35/MBU/01/2020
   Januari 2020 perihal Implementasi Sistem Manajemen Anti            dated 10 January 2020 regarding the Implementation of the
   Suap di BUMN sebagai Pelaksanaan Peraturan Presiden No. 54         Anti-Bribery Management System in BUMN as Implementation
   tahun 2018 tentang Strategi Nasional Pencegahan Korupsi.           of Presidential Regulation No. 54 of year 2018 concerning the
                                                                      National Strategy for Preventing Corruption.
3. Surat KBUMN No. S-17/S.MBU/02/2020 tanggal 17 Februari         3. KBUMN Letter No. S-17/S.MBU/02/2020 dated 17 February
   2020 perihal Sertifikasi ISO 37001 Sistem Manajemen Anti           2020 regarding ISO 37001 Certification for Anti-Bribery
   Penyuapan di BUMN.                                                 Management Systems in BUMN.

SERTIFIKASI SMAP                                                  SMAP CERTIFICATION
Dalam rangka mendukung SMAP yang telah diimplementasikan di       In order to support the SMAP that has been implemented in
Perusahaan, maka Perseroan juga telah mewujudkan komitmen         the Company, the Company has also realized its commitment to
penerapan praktik terbaik atas SMAP tersebut dengan diperoleh     applying best practices for SMAP by first obtaining the SMAP ISO
pertama kali dengan Sertifikasi SMAP ISO 37001:2016 pada          37001:2016 Certification in August 2020, which was renewed in
Agustus 2020 dan telah diperbaharui pada bulan Agustus 2023.      August 2023.

PENGENDALIAN GRATIFIKASI                                          GRATUITY CONTROL
Perseroan juga telah memiliki Pedoman Pengelolaan Gratifikasi     The Company also retains the Guidelines for Gratuity Management
di Lingkungan Perseroan dan Entitas Anak, sebagaimana diatur      for in the environment of the Company and Subsidiaries, as
dalam Pedoman Penerimaan dan Pemberian Hadiah/Hiburan.            regulated in the Guideline for Receiving and Giving Gifts/
Pada tahun 2024, Perseroan secara reguler melakukan sosialisasi   Entertainment. In 2023, the Company has regularly socialize the
Kebijakan Anti Gratifikasi kepada karyawan Perseroan maupun       Anti-Gratuity Policy to Company personnel and the Company’s
mitra kerja Perseroan.                                            work partners.

PENERAPAN BERKELANJUTAN                                           SUSTAINABLE IMPLEMENTATION
Perseroan senantiasa mengidentifikasi dan mengevaluasi            The Company continuously identifies and evaluates the suitability,
kesesuaian, kecukupan dan keefektifan penerapan SMAP,             adequacy and effectiveness of SMAP implementation, determining
menentukan peluang untuk tindakan perbaikan dan penerapan         opportunities for corrective action and implementation to meet
untuk memenuhi persyaratan yang berlaku. Perseroan senantiasa     applicable requirements. The Company always strives to increase
berupaya meningkatkan kesadaran Perwira Elnusa agar turut         the awareness of Elnusa Officers to participate in preventing and
serta dalam mencegah dan menghindari praktik penyuapan            avoiding bribery practices as a culture in the Company, among
sebagai budaya di Perseroan, antara lain dengan rutin melakukan   others by regularly socializing the prohibition of receiving or
sosialisasi larangan penerimaan atau pemberian gratifikasi dan    giving gratuities and anti-bribery regularly to employees, e-mail,
anti suap secara berkala kepada pegawai, e-mail, kampanye di      campaigns on social media, Whatsapp broadcasts and the
media sosial, broadcast Whatsapp serta imbauan Direktur Utama     President Director’s appeal to employees and stakeholders.
kepada pegawai serta stakeholders.




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Kebijakan Antikorupsi
    Anti-Corruption Policy

Penerapan antikorupsi merupakan salah satu bentuk penguatan            The implementation of anti-corruption is one form of strengthening
budaya Perusahaan yang bertujuan untuk membangun fondasi               the Company’s culture which aims to build a strong foundation for
yang kuat bagi kelanjutan eksistensi bisnis Perusahaan. Budaya         the continued existence of the Company’s business. Corporate
Perusahaan merupakan kombinasi yang terintegrasi dan selaras           Culture is an integrated and aligned combination with the AKHLAK
dengan Tata Nilai AKHLAK yang merupakan turunan dari nilai-nilai       Values which are derived from the main values or core values of
utama atau core value Badan Usaha Milik Negara yang dijadikan          State-Owned Enterprises which are used as the company’s culture.
sebagai budaya perusahaan.

PROGRAM DAN PROSEDUR ANTI KORUPSI                                      PROGRAM DAN PROSEDUR ANTI KORUPSI
Perseroan berkomitmen untuk menciptakan iklim usaha yang sehat,        The Company is committed to creating a healthy business climate,
menghindari tindakan, perilaku ataupun perbuatan-perbuatan             avoiding actions, behaviors or actions that can lead to conflicts of
yang dapat menimbulkan konflik kepentingan, Korupsi, Kolusi            interest, Corruption, Collusion and Nepotism (KKN) and always
dan Nepotisme (KKN) serta selalu mengutamakan kepentingan              prioritizing the interests of the Company above personal, family,
Perseroan di atas kepentingan pribadi, keluarga, kelompok ataupun      group or group interests.The Company also always pays attention
golongan. Perseroan juga senantiasa memperhatikan kebijakan            to anti-corruption policies as written in Law No. 20 of Year 2001
tentang anti korupsi seperti yang tertulis dalam Undang-Undang         concerning Amendments to Law No. 31 of 1999 concerning
No. 20 Tahun 2001 tentang Perubahan atas Undang-Undang No.             Eradication of Corruption Crimes..
31 Tahun 1999 tentang Pemberantasan Tindak Pidana Korupsi.

Perseroan memiliki program dan prosedur Anti Suap dan Korupsi          The Company has Anti-Bribery and Corruption program and
yang disusun sejak 2018 dengan tujuan, antara lain:                    procedures prepared since 2018 with the aim, among others, to
                                                                       the following:
1. Menetapkan tanggung jawab untuk seluruh karyawan Elnusa             1. Establish responsibility for all Elnusa employees and external
   dan pihak eksternal yang bertindak untuk dan atas nama                  parties acting for and on behalf of Elnusa to comply with and
   Elnusa dalam mematuhi dan mendukung sikap anti terhadap                 support anti-bribery and corruption attitudes.
   penyuapan dan korupsi.                                              2. Promote good behavior in accordance with applicable ethical
2. Meningkatkan perilaku yang baik sesuai dengan standar etika             standards for all employees.
   yang berlaku bagi seluruh pekerja.                                  3. Implement the realization of the Company’s values and culture
3. Mengimplementasikan perwujudan nilai-nilai serta budaya                 in line with the Company’s Vision and Mission.
   Perusahaan yang selaras dengan Visi Misi Perusahaan.

SOSIALISASI DAN INTERNALISASI                                          SOCIALIZATION AND INTERNALIZATION
Perseroan secara berkala melakukan sosialisasi terkait kebijakan       The Company regularly conducts socialization related to anti-
anti korupsi kepada seluruh jajaran karyawan mulai dari jajaran        corruption policies to all levels of employees starting from the
Dewan Komisaris dan Direksi, Manajemen, karyawan baik yang             Board of Commissioners and Directors, Management, employees
berada di kantor pusat maupun yang berada di wilayah operasi,          both at the head office and in the operating area, in order to
agar memberikan pemahaman kepada seluruh Perwira Perseroan.            provide understanding to all Company personnel. The socialization
Sosialisasi kebijakan ini melekat pada sosialisasi dan internalisasi   of this policy is attached to the socialization and internalization
terkait dengan kode etik yang dilanjutkan dengan melakukan             related to the code of ethics followed by signing a statement of
penandatanganan pernyataan kepatuhan atas Kode Etik &                  compliance with the Code of Ethics & integrity commitment.
komitmen integritas.

Perseroan juga menempatkan informasi mengenai kebijakan                The Company also places information on anti-corruption policies
anti korupsi melalui website Perseroan dan portal internal. Jika       through its official website and internal portal. For insufficient
terdapat hal-hal yang kurang lengkap, karyawan dapat sewaktu-          information on certain matters, employees can at any time ask
waktu bertanya kepada atasan langsung masing-masing atau               their direct supervisor or the Compliance Function of the Ethics
kepada Fungsi Kepatuhan Pengawas Etika dan GCG sebagai                 and GCG Supervisor as the person in charge of the implementation
penanggung jawab atas implementasi Tata Kelola Perusahaan.             of Corporate Governance.




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Pengelolaan Benturan Kepentingan
    Management of Conflict of Interest

Benturan kepentingan adalah terjadinya konflik antara kepentingan     Conflict of interest is a conflict between the economic interests of
ekonomis Perseroan dengan kepentingan ekonomis pribadi,               the Company and the economic interests of individuals, owners,
pemilik, anggota Dewan Komisaris, anggota Direksi, Pejabat            members of the Board of Commissioners, members of the Board
Eksekutif, Pegawai dan/atau pihak terafiliasi dengan Perseroan.       of Directors, Executive Officers, Employees and/or parties affiliated
Pencegahan dan mekanisme terkait dengan benturan kepentingan          with the Company. Prevention and mechanisms related to conflicts
diatur dalam: Anggaran Dasar, Board Manual, Pedoman Tata              of interest are regulated in: Articles of Association, Board Manual,
Kelola Perusahaan, CoC serta pedoman khusus mengenai konflik          Code of Corporate Governance, CoC as well as special guidelines
kepentingan.                                                          regarding conflicts of interest.

Prinsip dasar dari benturan kepentingan adalah seluruh karyawan       The basic principle of conflict of interest is that all Elnusa personnel
Elnusa yang karena jabatannya, apabila menemui potensi                who, due to their position, encounter potential or conditions/
atau kondisi/situasi konflik kepentingan dilarang meneruskan          situations of conflict of interest are prohibited to continue the
kegiatan/melaksanakan kewajiban terkait jabatannya tersebut.          activities/carrying out obligations related to their position:
Implementasi atas pelaksanaan ketentuan terkait dengan
benturan kepentingan adalah sebagai berikut:
1. Mencantumkan ketentuan terkait konflik kepentingan sebagai         1. State the provisions regarding conflicts of interest as part of
    bagian dari Code of Conduct Perusahaan.                              the Company’s Code of Conduct.
2. Menyampaikan informasi terkait ketentuan ini dalam                 2. Convey information related to this provision in socialization to
    sosialisasi kepada seluruh karyawan maupun pihak ketiga              all workers and third parties on a regular basis.
    secara reguler.
3. Anggota Dewan Komisaris dan Direksi wajib menyampaikan             3. Members of the Board of Commissioners and Directors
    daftar khusus dan daftar hubungan afiliasi untuk dipublikasikan      are required to submit a special list and list of affiliated
    dalam laporan tahunan dan website Perseroan.                         relationships to be published in the annual report and on the
                                                                         Company’s website.
4. Jika terjadi kondisi Konflik Kepentingan, yang tidak terdapat/     4. If a Conflict of Interest condition occurs, which does not
   tidak diatur dalam ketentuan ini maka Perwira Elnusa wajib            exist/ is not regulated in this provision, Elnusa Personnel are
   membuat Surat Pernyataan Konflik Kepentingan terhadap                 obliged to make a Conflict of Interest Statement regarding the
   kondisi tersebut disertai dengan disertai penjelasan yang             condition accompanied by an explanation which is submitted
   disampaikan kepada atasan langsung atau pimpinan tertinggi            to the direct superior or highest local leadership and third
   setempat dan pihak ketiga apabila diperlukan.                         parties if necessary.

Apabila terjadi situasi konflik kepentingan, maka karyawan Elnusa     If a conflict of interest situation occurs, Elnusa personnel are
wajib melaporkan hal tersebut melalui:                                required to report this through the following:
1. Atasan Langsung Pelaporan melalui atasan langsung dilakukan        1. Direct Supervisor Reporting via direct superiors is carried
    apabila pelapor adalah Perwira Elnusa yang terlibat atau              out if the reporter is an Elnusa employee involved or has
    memiliki potensi untuk terlibat secara langsung dalam                 the potential to be directly involved in a conflict of interest
    situasi konflik kepentingan. Pelaporan dilaksanakan dengan            situation. Reporting is carried out by submitting a Conflict of
    menyampaikan Surat Pernyataan Konflik Kepentingan.                    Interest Statement.
2. Sistem Pelaporan Pelanggaran (Whistleblowing System)               2. Violation Reporting System (Whistleblowing System)
    Pelaporan      melalui      Sistem   Pelaporan    Pelanggaran         is Reporting through the Violation Reporting System
    (Whistleblowing System) dilakukan apabila pelapor adalah              (Whistleblowing System) carried out if the reporter is Elnusa
    Perwira Elnusa atau pihak-pihak lainnya (pelanggan, mitra             Personnel or other parties (customers, work partners, and the
    kerja, dan masyarakat) yang tidak memiliki keterlibatan               community) who do not have direct involvement, but are aware
    secara langsung, namun mengetahui adanya atau potensi                 of the existence or potential existence of conflict of interest in
    adanya konflik kepentingan di Perusahaan. Pelaporan melalui           the Company. Reporting through the Whistleblowing System is
    Sistem Pelaporan Pelanggaran (Whistleblowing System)                  carried out in accordance with the mechanism and conditions
    dilaksanakan sesuai dengan mekanisme dan syarat-syarat yang           stated in the Whistleblowing System guidelines.
    tercantum di dalam pedoman Sistem Pelaporan Pelanggaran
    (Whistleblowing System).




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Setiap Perwira Elnusa yang terbukti melakukan tindakan Konflik   Every Elnusa Personnel who is proven to have committed an
Kepentingan akan ditindaklanjuti berdasarkan peraturan dan       act of Conflict of Interest will be followed-up based on the rules
ketentuan yang berlaku di Perusahaan. Pada 2024, tidak terjadi   and regulations applicable to the Company. In 2024, there were
peristiwa terkait benturan kepentingan yang dilakukan oleh       no incidents related to conflicts of interest carried out by the
Dewan Komisaris dan Direksi Perseroan.                           Company’s Board of Commissioners and Directors..




Kompensasi Jangka Panjang
   Long-term Compensation

Management Stock Option Program (MSOP) dan Employee              The Management Stock Option Program (MSOP) and Employee
Stock Option Program (ESOP) merupakan program untuk              Stock Option Program (ESOP) are programs to provide
memberikan apresiasi terhadap kinerja dan loyalitas manajemen    appreciation for the performance and loyalty of the management
dan karyawan. Persyaratan karyawan dan/atau manajemen yang       and employees. Requirements for employees and/or management
terpilih untuk ikut program MSOP/ESOP ini ditentukan dengan      selected to participate in the MSOP/ESOP program are determined
mempertimbangkan status kepegawaian, posisi/level, dan kinerja   by considering employment status, position/level, and employee
karyawan di perusahaan.                                          performance in the company.

Penyelenggaraan program MSOP dan ESOP telah dilaksanakan         The implementation of this share ownership program by
pada tahun buku 2008 pada saat Elnusa melakukan penerbitan       employees and/or management was carried out in the 2008
saham perdana. Hingga saat ini, program kepemilikan saham oleh   financial year when Elnusa issued its initial shares. The employee
karyawan belum diadakan lagi hingga sekarang.                    share ownership program has not been implemented again
                                                                 until now.




Kebijakan Kepemilikan Saham dan
Transaksi oleh Orang Dalam (Insider
Trading)
   Share Ownership and Insider Trading Policy

Perseroan menjalankan kebijakan keterbukaan informasi            The Company implements an information disclosure policy
mengenai kepemilikan saham oleh Dewan Komisaris maupun           regarding share ownership by the Board of Commissioners and
Direksi. Kebijakan tersebut mengatur antara lain tata cara       Directors. The policy regulates, among others, the procedures for
kepemilikan, transaksi hingga informasi yang harus disampaikan   ownership, transactions and information that must be submitted
terkait kepemilikan saham secara terbuka.                        regarding share ownership in an open manner.

KEBIJAKAN PENGUNGKAPAN INFORMASI                                 STOCK INFORMATION DISCLOSURE POLICY
SAHAM
Prinsip Dasar Kepemilikan Saham yang diterapkan di Elnusa        The following are the Basic Principles of Share Ownership applied
sebagai berikut:                                                 at Elnusa:
1. Anggota Dewan Komisaris, Direksi dan seluruh karyawan         1. Members of the Board of Commissioners, Directors and all
    Perseroan diperbolehkan untuk memiliki saham Perusahaan           employees of the Company are permitted to own shares in
    maupun perusahaan lainnya;                                        the Company or other companies;




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           TATA KELOLA PERUSAHAAN
           Corporate Governance




2. Kepemilikan saham tersebut dapat melalui mekanisme               2. Ownership of these shares can be administered through a
   transaksi jual beli saham Perusahaan melalui pasar bursa            transaction mechanism for buying and selling Company shares
   maupun jual beli langsung antar pihak. Kepemilikan juga dapat       through the stock exchange market or direct buying and
   melalui program ESOP/MSOP yang diberikan oleh Perusahaan.           selling between parties. Ownership can also be done through
                                                                       the ESOP/ MSOP program provided by the Company.
3. Anggota Dewan Komisaris dan Direksi yang memiliki saham          3. Members of the Board of Commissioners and the Board of
   Perusahaan Terbuka wajib menyampaikannya kepada OJK                 Directors who own Public Company shares are required to
   dalam waktu 5 (lima) hari kerja setelah terjadinya kepemilikan      submit to the OJK within 5 (five) work days after the ownership
   dan/atau perubahan kepemilikan.                                     and/or change in ownership occurs.
4. Anggota Dewan Komisaris dan Direksi juga wajib                   4. Members of the Board of Commissioners and Directors
   menyampaikan kepada Perseroan mengenai kepemilikan dan              are also required to inform the Company regarding their
   setiap perubahan kepemilikannya atas saham Perusahaan               ownership and any changes in ownership of Public Company
   Terbuka.                                                            shares.
5. Penyampaian informasi kepada Perseroan tersebut wajib            5. Submission of information to the Company must be carried
   dilakukan paling lambat 3 (tiga) hari kerja setelah terjadinya      out no later than 3 (three) working days after ownership or
   kepemilikan atau perubahan kepemilikan atas saham                   change in ownership of Public Company shares occurs.
   Perusahaan Terbuka.

PRINSIP DASAR TRANSAKSI OLEH ORANG                                  BASIC PRINCIPLES FOR INSIDER
DALAM                                                               TRANSACTIONS
1. Perseroan melarang transaksi efek oleh “Orang Dalam” yang        1. The Company prohibits securities transactions by an “Insider”
   memiliki Informasi “Orang Dalam” sebagai berikut:                   who has the following “Inside” Information:
   a. Mempengaruhi pihak lain untuk melakukan pembelian                a. Influencing other parties to buy or sell the Securities as
       atau penjualan atas efek dimaksud, atau                             mentioned, or
   b. Memberi Informasi orang dalam kepada pihak mana                  b. Providing insider information to any party who is
       pun yang patut diduga dapat menggunakan Informasi                   reasonably suspected of being able to use the information
       dimaksud untuk melakukan pembelian atau penjualan                   mentioned to buy or sell stock.
       atas efek.
   c. Seluruh karyawan yang memiliki Informasi perdagangan              c. All employees who have insider trading information are
       orang dalam dilarang melakukan kegiatan perdagangan                 prohibited from carrying out trading activities (buying or
       (membeli atau menjual) atas efek.                                   selling) on securities.
   d. Seluruh karyawan atau covered person dilarang                     d. All employees or covered persons are prohibited from
       menghubungi investor atau pemegang saham untuk                      contacting investors or shareholders to obtain information
       mendapatkan informasi yang bertujuan untuk kepentingan              for personal trading purposes.
       perdagangan secara pribadi.
   e. Seluruh karyawan atau covered person dapat melakukan              e. All Employees or Covered Persons may carry out securities
       transaksi efek setiap waktu apabila orang tersebut                  transactions at any time if the person does not have inside
       tidak mempunyai informasi orang dalam pada saat                     information at the time of trading.
       perdagangannya.
   f. Sehubungan dengan kegiatan transaksi tersebut, covered            f. In connection with these transaction activities, Covered
       person tidak diperbolehkan melakukan kegiatan transaksi             Persons are not permitted to carry out transaction
       atas efek Perseroan selama periode black out. Kebijakan             activities on the Company’s securities during the black
       ini juga berlaku untuk mekanisme ESOP/MSOP.                         out period. This policy also applies to ESOP/MSOP
                                                                           mechanisms.
    g. Periode black out diartikan sebagai berikut:                     g. The Black Out period is defined as follows:
       i. Sepuluh hari kerja sebelum Perseroan menyampaikan                i. 10 (ten) working days before the Company submits
           keterbukaan atas laporan keuangan Perseroan                         disclosure regarding the Company’s financial reports
           selama tiga kuarter pertama atau satu bulan sebelum                 for the first three quarters or one month before
           Perseroan menyampaikan keterbukaan mengenai                         the Company submits disclosure regarding annual
           hasil kinerja tahunan dan berakhir dua hari kerja                   performance results and ends two working days after
           setelah keterbukaan tersebut disampaikan.                           the disclosure is submitted.
       ii. Periode lainnya sebagaimana ditentukan oleh Direksi             ii. Other periods as determined by the Board of
           sewaktu-waktu sehubungan dengan penyampaian                         Directors at any time in connection with the delivery
           keterbukaan informasi mengenai rencana tindakan                     of information disclosure regarding corporate action
           aksi korporasi yang dilakukan Perseroan.                            plans carried out by the Company.




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    h. Bagi suami atau istri dari karyawan atau covered person           h. For husbands or wives of employees or covered persons
       yang akan melakukan perdagangan atas efek Perseroan                  who wish to trade Company securities or other financial
       atau transaksi keuangan lainnya dengan cara yang tidak               transactions in a manner that is not regulated in this
       diatur dalam kebijakan ini, maka agar menghubungi fungsi             policy, please contact the Corporate Secretary function to
       Corporate Secretary untuk memperoleh arahan.                         obtain direction.
    i. Kegiatan perdagangan karyawan atau covered person                 i. Employee or Covered Person trading activities are
       diharapkan tidak mengganggu tanggung jawab                           expected not to interfere with their work responsibilities.
       pekerjaannya.




Sistem Pelaporan Pelanggaran
    Violation Reporting System

Sebagai upaya untuk mendukung penerapan GCG, Perseroan               As an effort to support the implementation of GCG, the Company
mengimplementasikan Sistem Pelaporan Pelanggaran atau                runs a Whistleblowing System (WBS) to prevent fraud by reporting
Whistleblowing System (WBS) untuk mencegah terjadinya tindak         incidents of misconduct and encouraging a culture of honesty and
kecurangan dengan melaporkan kejadian perilaku pelanggaran           openness. The implementation of WBS can be the foundation for
serta mendorong budaya kejujuran dan keterbukaan. Penerapan          the Company to design the necessary evaluation and follow-up.
WBS dapat menjadi fondasi bagi Perseroan untuk merancang             WBS is also part of an early warning system for the possibility of
evaluasi dan tindak lanjut yang diperlukan. WBS juga menjadi         problems due to a violation.
bagian dari mekanisme deteksi dini (early warning system) atas
kemungkinan terjadinya masalah akibat sebuah pelanggaran.

PENETAPAN PEDOMAN SISTEM PELAPORAN                                   THE USE OF ELNUSA VIOLATION REPORTING
PELANGGARAN ELNUSA                                                   SYSTEM GUIDELINES
Perseroan menerapkan WBS sebagai sistem yang mengelola               The Company implements WBS as a system that manages
pengaduan atas pelanggaran dan atau penyimpangan kode etik,          complaints on violations and or deviations from the code of ethics,
hukum, standar prosedur, kebijakan manajemen serta aturan            laws, standard procedures, management policies and other rules
lainnya yang dipandang perlu. Perseroan menilai pelanggaran-         deemed necessary. The Company considers that violations can
pelanggaran dapat merugikan dan/atau membahayakan Perseroan          harm and/or endanger the Company such as financial losses,
seperti kerugian finansial, lingkungan, kondisi kerja, reputasi      environment, working conditions, organizational reputation,
organisasi, pemangku kepentingan dan lainnya.                        stakeholders and others.

Informasi yang diperoleh dari WBS akan ditindaklanjuti baik          Information obtained from the WBS will be followed up with the
dengan pengenaan sanksi yang tegas dan konsisten agar dapat          imposition of firm and consistent sanctions so that it can have
menimbulkan efek jera bagi pelaku pelanggaran maupun bagi            a deterrent effect on perpetrators of violations and for those
mereka yang berniat melakukan hal sama dan dapat menjadi             who intend to do the same and can become input for system
masukan untuk perbaikan sistem bagi Perseroan ke depan.              improvements for the Company in the future.

MEKANISME DAN RUANG LINGKUP                                          MECHANISM AND SCOPE OF REPORTING
PENYAMPAIAN PELAPORAN                                                SUBMISSION
Perseroan telah menyediakan berbagai media untuk mengakomodir        The Company has provided various media to accommodate
para pemangku kepentingan dalam menyampaikan laporannya              stakeholders in submitting their reports if violations are suspected
jika diduga telah terjadi pelanggaran yang dilakukan oleh karyawan   to have occurred by Company employees with the following
Perseroan dengan mekanisme sebagai berikut:                          mechanism:
1. Website Perseroan: Whistleblower System Center (https://          1. Company website: Whistleblower System Center (https://
     whistleblower.elnusa.co.id/)                                        whistleblower.elnusa.co.id/)
2. E-mail Pengaduan: tim.wbs@elnusa.co.id                            2. Complaint E-mail: tim.wbs@elnusa.co.id
3. Telepon: 021.78830850 ext 1623                                    3. Phone: 021.78830850 ext 1623




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4. Menyampaikan surat resmi kepada:                                4. Submit an official letter to:
   PT Elnusa Tbk up. Tim WBS                                          PT Elnusa Tbk up. WBS Team
   Graha Elnusa Lantai 16, Jl. TB Simatupang Kav. 1B, Cilandak,       Graha Elnusa 16th Floor, Jl. TB Simatupang Kav. 1B, Cilandak,
   Jakarta Selatan                                                    South Jakarta
5. Website WBS Pertamina Group: (https://pertaminaclean.           5. Pertamina Group WBS website: (https://pertaminaclean.
   tipoffs.info/) dapat diakses melalui website www.elnusa.co.id      tipoffs.info/) can be accessed through the website www.
                                                                      elnusa.co.id

Ruang lingkup pengaduan WBS berkaitan dengan fraud, korupsi,       The scope of complaints under the Whistleblowing System (WBS)
pencurian, suap, konflik kepentingan, perbuatan asusila, serta     includes fraud, corruption, theft, bribery, conflicts of interest,
perbuatan melanggar hukum dan peraturan perusahaan.                immoral acts, as well as violations of laws and company regulations.

SOSIALISASI                                                        SOCIALIZATION
Sepanjang tahun 2024, Perseroan telah melakukan sosialisasi        Throughout 2024, the Company has conducted socialization
kepada pemangku kepentingan melalui portal internal, situs         efforts for stakeholders through the internal portal, the Company’s
Perusahaan dan sosialisasi langsung kepada pegawai termasuk        website, and direct socialization sessions with employees,
Anak Perusahaan baik yang berada di kantor Pusat maupun yang       including subsidiaries, both at the Head Office and field locations.
berada di lapangan. Pelaksanaan sosialisasi bertujuan untuk        The purpose of these socialization efforts is to provide an
memberikan pemahaman tentang sistem pelaporan pelanggaran          understanding of the Company’s whistleblowing system, ensure
Perseroan serta jaminan perlindungan bagi pelapor pelanggaran      protection guarantees for whistleblowers, and enhance the trust
serta menambah kepercayaan stakeholders dan shareholders           of stakeholders and shareholders in the Company.
kepada Perseroan.

Sosialisasi WBS dilakukan bersamaan dengan sosialisasi             The WBS socialization is carried out in conjunction with the
pemahaman GCG, standar etika perusahaan, pengendalian              dissemination of knowledge on Good Corporate Governance
gratifikasi, Laporan Harta Kekayaan Penyelenggara Negara           (GCG), corporate ethical standards, gratuity control, State Officials’
(LHKPN), anti penyuapan sesuai Pedoman Pengendalian Gratifikasi    Wealth Report (LHKPN), anti-bribery measures in accordance with
dan Sistem Manajemen Anti Penyuapan.                               gratuity control guidelines, and the anti-bribery management
                                                                   system.

PENGELOLA DAN PROSEDUR PELAPORAN                                   MANAGEMENT AND REPORTING PROCEDURE
PELANGGARAN                                                        FOR VIOLATIONS
Sistem pelaporan pelanggaran Perseroan dikelola oleh Tim WBS di    The Company’s violation reporting system is managed by the WBS
bawah koordinasi dari Fungsi Kepatuhan Pengawas Etika dan GCG      Team under the coordination of the Ethics and GCG Supervisory
(FUKAPEG) dengan mekanisme sebagai berikut:                        Compliance Function (FUKAPEG) with the following mechanism:
1. Tim WBS menerima laporan pelanggaran dan melakukan              1. The WBS team receives violation reports and verifies the
     verifikasi atas laporan yang masuk.                               incoming reports.
2. Tim WBS akan menentukan apakah masih diperlukan informasi       2. The WBS team determines whether further additional
     atau bukti tambahan lebih lanjut.                                 information or evidence is needed.
3. Laporan yang telah diverifikasi selanjutnya diserahkan kepada   3. The verified report is then submitted to FUKAPEG.
     FUKAPEG.




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PENANGANAN PELAPORAN                                                REPORT HANDLING
1. Tim FUKAPEG akan melakukan investigasi atas laporan              1. The FUKAPEG Team carried out investigations regarding
   pengaduan yang telah diverifikasi oleh Pengelola WBS dengan         the complaint reports verified by the WBS Manager in
   bekerja sama dengan fungsi Audit Internal.                          collaboration with the Internal Audit function.
2. Jika pengaduan tidak terbukti benar, maka tidak dilakukan        2. If the complaint is not proven to be true, no further processing
   proses lebih lanjut.                                                will be carried out.
3. Apabila laporan atas pelanggaran valid dan telah terbukti,       3. If the report on the violation is valid and proven, the FUKAPEG
   maka tim FUKAPEG akan memberikan laporan serta                      team will provide a report and recommendations to the
   rekomendasi kepada pihak yang berwenang (manajemen                  authorized parties (management related to the Reported
   terkait atasan Terlapor untuk melaksanakan tindakan koreksi).       Party’s superiors to carry out corrective action).

PERLINDUNGAN BAGI PELAPOR                                           PROTECTION FOR THE WHISTLEBLOWER
1. Pelapor dapat dilakukan secara anonim maupun dilengkapi          1. Reporting can be done anonymously or completed with the
   dengan identitas pelapor dengan memberikan rekomendasi              identity of the informant by providing recommendations or
   atau bukti awal dugaan sementara praktik pelanggaran.               initial evidence of alleged violations.
2. Pelapor dapat membatasi identifikasi mengenai identitas yang     2. The informant can limit its identification regarding the identity
   bersangkutan dengan tetap menyertakan bukti yang berkaitan          of the person concerned but still include evidence related to
   dengan dugaan sementara praktik pelanggaran.                        the alleged violation practice.
3. Tidak ada hukuman yang dijatuhkan kepada pihak pelapor           3. No punishment will be imposed on the reporting party if the
   jika pelanggaran tersebut terbukti benar terjadi. Apabila yang      violation is proven to have occurred. If the person concerned
   bersangkutan juga terlibat dalam pelanggaran, laporan yang          is also involved in a violation, the report submitted can be
   disampaikan dapat dipertimbangkan untuk mengurangi/                 considered to reduce/eliminate the penalty.
   meniadakan hukuman.
4. Kerahasiaan pelapor akan dijaga kecuali apabila pengungkapan     4. The confidentiality of the informant will be maintained unless
   tersebut diperlukan dalam kaitan dengan penyelidikan yang           the disclosure is necessary in connection with an investigation
   dilakukan oleh pihak yang berwenang atau diperlukan untuk           carried out by the authorized party or is necessary to maintain
   mempertahankan posisi Perusahaan di depan hukum.                    the Company’s position before the law.
5. Mekanisme di atas tidak dimaksudkan untuk menyampaikan           5. The above mechanism is not intended to accommodate
   keluhan pribadi.                                                    personal complaints.

SANKSI ATAS PELANGGARAN                                             SANCTIONS FOR VIOLATIONS
1. Sanksi terdiri dari dua jenis, yaitu sanksi moral dan sanksi     1. Sanctions consist of two types, which are moral sanctions and
   administratif.                                                      administrative sanctions.
2. Bentuk sanksi moral meliputi:                                    2. Forms of moral sanctions include:
   a. Diumumkan secara terbuka;                                        a. Announced publically;
   b. Meminta maaf secara terbatas dan/atau terbuka;                   b. Apologize in a limited and/or open manner;
   c. Mengundurkan diri dari jabatannya.                               c. Resigned from his/her position.
3. Bentuk sanksi administratif adalah sebagaimana ditetapkan        3. The form of administrative sanctions is stipulated in the
   dalam Kebijakan Human Capital Management dan Peraturan              Human Capital Management Policy and applicable Company
   Perusahaan yang berlaku.                                            Regulations.
4. Jika terdapat indikasi pelanggaran pidana, akan diteruskan       4. If there are indications of a criminal violation, it will be
   sesuai dengan ketentuan hukum yang berlaku.                         processed in accordance with applicable legal provisions.

PELAPORAN PELANGGARAN TAHUN 2024 DAN                                VIOLATION REPORTING IN 2024 AND FOLLOW-
TINDAK LANJUT                                                       UPS
Selama tahun 2024, terdapat 25 pengaduan pelanggaran yang           Throughout 2024, the Company received 25 violation reports
masuk atau diterima Perseroan melalui media pelaporan WBS.          through the WBS reporting channel. A total of 6 reports have
Sebanyak 6 laporan telah selesai dilakukan proses pemeriksaan       been reviewed and addressed in accordance with the Company’s
dan telah ditindaklanjuti sesuai dengan kebijakan dan peraturan     policies and regulations, while the remaining reports are still
Perusahaan. Adapun laporan lainnya masih dalam proses               under further investigation.
pemeriksaan lebih lanjut.




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Akses Informasi dan Data Perusahaan
    Accessing Company’s Information and Data

Secara berkala, Perseroan melakukan pembaruan informasi dan          Periodically, the Company updates information and provides easy
memberikan akses kemudahan terhadap informasi mengenai               access to details regarding its activities and performance, ensuring
aktivitas dan kinerja perusahaan kepada stakeholder agar             that stakeholders have a clear and transparent understanding
mengetahui kondisi Perseroan secara jelas dan terbuka. Adapun        of the Company’s condition. The channels used for corporate
sarana yang berfungsi sebagai saluran pengungkapan informasi         information disclosure include:
mengenai Perseroan, di antaranya:
1. Pengambilan keputusan tertinggi Perusahaan.                       1. The Company’s highest decision-making.
2. Website: Elnusa melalui tautan www.elnusa.co.id melakukan         2. Website: Elnusa via the link www.elnusa.co.id publishes
    publikasi informasi dalam website yang mengacu pada POJK            information on the website which refers to POJK No. 8/
    No. 8/POJK.04/2015.                                                 POJK.04/2015.
3. E-mail: Elnusa memiliki e-mail resmi perusahaan, yaitu            3. E-mail: Elnusa has an official company email, namely
    corporate@elnusa.co.id.                                             corporate@elnusa.co.id.
4. Media Sosial: Elnusa memiliki akun resmi yang dikelola            4. Social Media: Elnusa has an official account which is managed
    guna menyampaikan keterbukaan informasi terkait dengan              to convey disclosure of information related to the company
    perusahaan melalui beberapa sosial media yang dikelola di           through several managed social media including: LinkedIn:
    antaranya: LinkedIn: Elnusa, Instagram: @elnusaofficial.            Elnusa Instagram: @elnusaofficial.
5. Laporan Tahunan: Perseroan memberikan keterbukaan                 5. Annual Report: The Company provides disclosure of
    informasi terkait dengan Kinerja Perusahaan dalam satu              information related to the Company’s performance in one
    tahun melalui buku yang disusun dalam sajian Laporan                year through books prepared in the Annual Report based on
    Tahunan berdasarkan POJK No. 29/POJK.04/2016 dan SEOJK              POJK No. 29/POJK.04/2016 dan SEOJK No. 16/SEOJK.04/2021.
    No. 16/SEOJK.04/2021.

MEDIA KOMUNIKASI LAINNYA                                             OTHER COMMUNICATION MEDIA
Sarana/media komunikasi lainnya yang digunakan Elnusa untuk          Other communication facilities/media used by Elnusa to
berhubungan dengan pemegang saham ataupun stakeholders               communicate with shareholders or other stakeholders during
lainnya selama tahun 2024 antara lain melalui:                       2024, among others are as follows:
1. Investor Relation Meeting & Conference Call (79 kali);            1. Investor Relations Meeting & Conference Call (79 times);
2. Kegiatan Media Relation meliputi 13 Media Interview, 5            2. Media Relation Activities include 13 Media Interviews, 5
    Media Meeting, 1 Media Gathering. Penerbitan siaran pers            Media Meetings, 1 Media Gathering. The company issued 106
    perusahaan sebanyak 106 siaran pers yang menghasilkan               press releases, resulting in 4,758 news coverages about the
    outcome sebanyak 4758 pemberitaan mengenai perusahaan               company in various national media;
    di berbagai media nasional;
3. Press conference ( 2 kali), news release (106 kali), iklan yang   3. Press conferences (2 times), news releases (106 times),
    terdiri dari advertorial, banner display, informal activity         advertisements consisting of advertorials, banner displays,
    dengan media energy (1 kali);                                       informal activities with energy media (1 time);
4. Pameran (10 kali); dan                                            4. Exhibition (10 times); and
5. Penyampaian laporan kepada OJK dan Bursa Efek Indonesia           5. Submission of reports to OJK and the Indonesian Stock
    (147 kali).                                                         Exchange (147 times)




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Penilaian atau Evaluasi atas Penerapan
Tata Kelola Perusahaan yang Baik
      Assessment or Evaluation of the Implementation of Good
      Corporate Governance

DASAR PENILAIAN DAN METODE                                              BASIS OF ASSESSMENT AND METHOD
Perseroan sebagai perusahaan terbuka wajib untuk melakukan              It is mandatory for the Company, as a public entity, to measure
pengukuran terhadap penerapan GCG yang dilakukan melalui                the implementation of GCG through assessments, in line with OJK
penilaian (assessment), selaras dengan Peraturan OJK (POJK)             Regulation (POJK) No. 21/POJK.04/2015 concerning Guidelines
No. 21/POJK.04/2015 tentang Pedoman Tata Kelola Perusahaan              for Governance of Public Companies. The Company consistently
Terbuka. Perseroan melakukan penilaian penerapan GCG secara             conducts annual GCG implementation assessments to determine
konsisten setiap tahunnya untuk mengetahui tingkat kecukupan            the adequacy level of GCG implementation within the Company.
penerapan GCG di lingkungan Perseroan. Penilaian yang dilakukan         The assessment conducted by the Company refers to various
oleh Perseroan menggunakan berbagai acuan standar praktik               applicable best practice standards. The Company also assesses
terbaik (best practices) yang berlaku. Perseroan juga melakukan         GCG implementation using best practice standards applicable both
penilaian penerapan GCG dengan menggunakan standar praktik              in Indonesia and internationally, namely the ASEAN Corporate
terbaik yang berlaku di Indonesia maupun di luar negeri, yaitu          Governance Scorecard (“ACGS”).
ASEAN Corporate Governance Scorecard (“ACGS”).

PELAKSANAAN PENILAIAN GCG TAHUN 2024                                    IMPLEMENTATION OF CGC ASSESSMENT IN
                                                                        2024
Pelaksanaan assessment penerapan GCG untuk tahun buku 2024,             The assessment of GCG implementation for the 2024 financial
dilakukan oleh Indonesian Institute for Corporate Directorship          year was conducted by the Indonesian Institute for Corporate
dengan menerapkan ACGS. Adapun hasil penilaian implementasi             Directorship by using the ACGS. Results of the assessment of
tata kelola untuk tahun 2024 adalah sebagai berikut.                    governance implementation for 2024 are as follows.

KRITERIA DAN CAPAIAN PENILAIAN ASEAN CG SCORECARD ELNUSA
Assessment Criteria and Achievements of Elnusa’s ASEAN CG Scorecard
                                               Total Nilai untuk Praktik GCG PT Elnusa Tbk
                                               Total Score for PT Elnusa Tbk’s GCG Practices

                                                      Bobot Penilaian
                                                                               Total Skor
                 Komponen Penilaian                      Valuation                                       Valuation Components
                                                                               Total Score
                                                        Component
  A    Hak-hak dan Perlakuan Setara terhadap                 20%                  17,93                  Rights and Equitable Treatment of
       Pemegang Saham                                                                                                         Shareholders
  B    Keberlanjutan dan Ketangguhan                         15%                  12,95                       Sustainability and Resilience
  C    Keterbukaan dan Transparansi                          25%                  24,24                       Disclosure and Transparency
  D    Tanggung Jawab Dewan Komisaris                        40%                  35,55                       Responsibilities of the Board
  E    Bonus                                                                         10                                             Bonus
  F    Penalti                                                                        -2                                           Penalty
       Total Skor Tertimbang                               100%                   98,68                                         Total Score



Total nilai (overall score) praktik GCG yang diperoleh Perusahaan       The total score (overall score) of GCG practices obtained by the
untuk tahun buku 2024 (ASEAN Scorecard 2024) adalah sebesar             Company for the 2024 financial year (ASEAN Scorecard 2024)




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98,68. Secara overall, hasil assessment implementasi GCG Elnusa        was 98.68. Overall, the results of Elnusa’s GCG implementation
mendapatkan predikat “Very Good”, artinya mengadopsi secara            assessment were noted as “Very Good”, meaning that the
penuh standar internasional.                                           implementation has completely adopted international standards.

Apabila dilihat dari nilai atau skor kasar (tidak tertimbang), dapat   Viewed from the raw (unweighted) value or score, it can be
disimpulkan bahwa tingkat kepatuhan perusahaan untuk prinsip           concluded that the company’s level of compliance for the Part A
Bagian A (prinsip hak-hak dan perlakuan setara terhadap pemegang       (principle of equal rights and treatment of shareholders) reaches
saham) mencapai 89,65%. Bagian B (prinsip keberlanjutan dan            89.65%.Part B (principles of sustainability and resilience) reached
ketangguhan) mencapai 86,36%. Bagian C (prinsip pengungkapan           86.36%. Section C (principles of openness and transparency)
dan transparansi) mencapai 96,97%, serta Bagian D (prinsip             reached 96.97%, and Part D (principle of responsibility of the
tanggung jawab Dewan Komisaris) mencapai 88,89%.                       Board of Commissioners) reached 88.89%.




Kesesuaian Penerapan Tata Kelola
Perusahaan terhadap ASEAN Corporate
Governance Scorecard (ACGS)
    Suitability of the Implementation of Corporate Governance to
    ASEAN Corporate Governance Scorecard (ACGS)


ASEAN Corporate Governance Scorecard (ACGS) merupakan                  The ASEAN Corporate Governance Scorecard (ACGS) is a measure
ukuran kepatuhan perusahaan-perusahaan terbuka di ASEAN                of the compliance of listed companies in ASEAN with the
terhadap penerapan tata kelola/governansi menurut praktik-             implementation of governance according to exemplary practices
praktik keteladanan berbasis standar-standar internasional,            based on international standards, especially corporate governance
khususnya prinsip-prinsip corporate governance. ACGS bertujuan         principles. The ACGS aims to improve the competitiveness of
untuk meningkatkan daya saing perusahaan-perusahaan di ASEAN           ASEAN companies in attracting global investors and building a
dalam menarik investor global serta membangun ekosistem bisnis         more trusted and sustainable business ecosystem. The guidelines
yang lebih terpercaya dan berkelanjutan. Pedoman ini diterbitan        are published by the Organization for Economic Cooperation and
oleh The Organization for Economic Cooperation and Development         Development (OECD), which includes:
(OECD), yang mencakup:
1. Hak-hak dan perlakuan setara terhadap para pemegang                 1. Rights and Equitable Treatment of Shareholders;
    saham;
2. Keberlanjutan dan ketangguhan;                                      2. Sustainability and resilience;
3. Pengungkapan dan transparansi;                                      3. Disclosure and transparency;
4. Tanggung jawab Dewan.                                               4. Responsibilities of the Board.

Perseroan telah berinisiatif membangun upaya-upaya perbaikan           The Company has initiated some efforts to improve the
terhadap kinerja tingkat kepatuhannya secara terukur dan               performance of its compliance level in a measurable and planned
terencana untuk memperkuat prinsip-prinsip GCG yang terdapat           manner to strengthen the GCG principles contained in the ACGS
dalam standar ACGS. Perseroan juga memandang perlu referensi           standard. The Company also sees the need for references that are
yang dapat digunakan sebagai acuan dalam mempersiapkan                 useful in preparing effective strategies in order to make efforts to
strategi yang efektif dalam rangka melakukan upaya perbaikan           improve the performance of GCG practices in the future.
terhadap kinerja praktik GCG ke depan.

Perseroan melakukan penilaian rutin terhadap praktik GCG               The Company conducts routine assessments of GCG practices
berdasarkan standar Internasional yang diadopsi dari prinsip-          based on international standards adopted from the corporate
prinsip corporate governance yang dikeluarkan oleh OECD, dan           governance principles issued by the OECD, as outlined in the
tertuang dalam prinsip-prinsip GCG yang diatur dalam ACGS.             GCG principles regulated by ACGS. The results of the routine
Hasil penilaian rutin terhadap praktik GCG tersebut diharapkan         assessment of GCG practices should provide information to the
dapat memberikan informasi kepada perusahaan mengenai tren             Company regarding the trend of performance improvements in




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perbaikan kinerja tingkat kepatuhan yang telah dicapai perusahaan          the compliance level achieved by the company compared to the
dibandingkan dengan kinerja yang telah dilakukan perusahaan                performance achieved in previous years, so that in the future, it
pada tahun-tahun sebelumnya, sehingga untuk ke depannya dapat              will be possible to determine which steps or efforts need to be
diketahui mengenai langkah-langkah atau upaya apa saja yang                improved by the company to optimize the achievement of its
masih harus diperbaiki lagi oleh perusahaan agar kinerja tingkat           compliance performance.
kepatuhannya dapat lebih dioptimalkan lagi pencapaiannya.

Perseroan telah membuat referensi silang terhadap penilaian                The Company has cross-referenced the ACGS assessment to
ACGS untuk mempermudah perolehan data, dengan rincian                      facilitate data acquisition, with details as follows:
sebagai berikut:

PRINSIP A : HAK-HAK DAN PERLAKUAN SETARA TERHADAP PEMEGANG SAHAM
Principle A : Rights and Equitable Treatment of Shareholders
                                                                                        Skor CG untuk Prinsip Hak-hak Pemegang Saham
                                                                                          CG Score for Rights and Equitable Treatment
                                                                                                   of Shareholders Principle

                                                                                  Jumlah Kepatuhan
                                Parameter Penentu                                      terhadap
 No.                                                                               Pertanyaan pada                             Skor per
                              Determining Parameters                                                  Jumlah Pertanyaan
                                                                                    Tiap Parameter                           Komponen
                                                                                                         Number of
                                                                                      Number of                             Score for Each
                                                                                                          Question
                                                                                    Compliance to                            Component
                                                                                  Questions on Each
                                                                                       Parameter

  1    Hak Dasar Pemegang Saham                                                                   1                   1                  100%
       Basic Rights of Shareholders
  2    Hak untuk berpartisipasi secara efektif dan menggunakan suara dalam                       15                  15                  100%
       RUPS serta hak untuk mendapatkan informasi mengenai aturan-aturan
       yang berlaku dalam RUPS (termasuk prosedur voting)
       Right to participate effectively and use votes in the GMS as well as the
       right to obtain information regarding the rules applicable to the GMS
       (including voting procedures)
  3    Pasar untuk pengendalian/kontrol perusahaan seharusnya                                     1                   1                  100%
       dimungkinkan berfungsi dengan cara yang efisien dan transparan
       Market for corporate management/control should be enabled to
       function in an efficient and transparent manner
  4    Pelaksanaan hak kepemilikan pemegang saham, termasuk investor                              1                   1                  100%
       institusi di fasilitasi perusahaan
       The company facilitates the implementation of ownership rights of
       shareholders, including institutional investors
  5    Kepemilikan Saham dan Hak Suara                                                            -                   -                      -
       Share Ownership and Voting Rights
  6    Panggilan RUPST                                                                            3                   5                   60%
       AGSM Invitation
  7    Perdagangan orang dalam dan self-dealing abusif                                            1                   1                  100%
       Insider trading and abusive self-dealing.
  8    Transaksi pihak berelasi yang dilakukan oleh anggota Dewan                                 2                   3                 66,66%
       Komisaris & Direksi
       Related party transactions executed by members of the Board of
       Commissioners and the Board of Directors
  9    Perlindungan kepada para pemengang saham minoritas dari                                    2                   2                  100%
       tindakan-tindakan abusif
       Protection for minority shareholders from abusive actions
 Total Pertanyaan yang Comply dengan Prinsip Hak-hak dan Perlakuan Setara                        26                  29              89,65%
 terhadap Pemegang Saham
 Total Questions that Comply with the Principles of Rights and Equitable
 Treatment of Shareholders




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PRINSIP B: KEBERLANJUTAN DAN KETANGGUHAN
Principle B: Sustainability and Resilience
                                                                                    Skor CG untuk Prinsip Keberlanjutan dan Ketangguhan
                                                                                           CG Score for Sustainability and Resilience

                                                                                 Jumlah Kepatuhan
                                                                                      terhadap
                                Parameter Penentu                                 Pertanyaan pada                             Skor per
 No.                                                                                                 Jumlah Pertanyaan
                              Determining Parameters                               Tiap Parameter                           Komponen
                                                                                                        Number of
                                                                                     Number of                             Score for Each
                                                                                                         Question
                                                                                   Compliance to                            Component
                                                                                 Questions on Each
                                                                                      Parameter

  1    Pengungkapan terkait keberlanjutan harus konsisten, dapat                                 5                   6              83,33%
       dibandingkan, dan dapat diandalkan, serta mencakup materi informasi
       masa lalu dan masa depan yang wajar dan penting bagi investor dalam
       membuat keputusan investasi atau menentukan suara.
       Disclosure related to sustainability must be consistent, comparable,
       and reliable, and must include reasonable and material past and future
       information that is important for investors in making investment
       decisions or casting votes.
  2    Kerangka tata kelola Perusahaan harus memungkinkan adanya dialog                          2                   2                100%
       antara Perusahaan, pemegang saham, dan pemangku kepentingan
       untuk bertukar pandangan mengenai masalah keberlanjutan.
       The corporate governance framework must enable dialogue between
       the Company, shareholders, and stakeholders to exchange views on
       sustainability issues.
  3    Kerangka tata kelola Perusahaan harus memastikan bahwa                                    0                   1                    0%
       dewan Direksi secara memadai mempertimbangkan risiko dan
       peluang keberlanjutan yang material ketika menjalankan perannya
       dalam menelaah, memantau dan memandu praktik tata kelola,
       pengungkapan, strategi, sistem manajemen risiko dan pengendalian
       internal, termasuk yang berkaitan dengan risiko fisik dan transisi
       terkait perubahan iklim.
       The corporate governance framework must ensure that the Board
       of Directors adequately considers material sustainability risks and
       opportunities when performing its role in reviewing, monitoring, and
       guiding governance practices, disclosures, strategies, risk management
       systems, and internal controls, including those related to physical and
       transition risks associated with climate change.
  4    Hak-Hak Para Pemangku Kepentingan yang ditetapkan oleh UU atau                            7                   7                100%
       lewat kesepakatan bersama haruslah dihormati dan mendorong
       kerjasama aktif antara perusahaan dan pemangku kepentingan
       dalam menciptakan kesejahteraan, lapangan kerja, dan keuangan
       berkelanjutan.
       Stakeholder rights established by law or through collective agreements
       should be respected and encourage active cooperation between
       companies and stakeholders in creating prosperity, jobs and
       sustainable finance.
  5    Para pemangku kepentingan haruslah memiliki peluang untuk                                 1                   1                100%
       mendapatkan ganti rugi efektif untuk pelanggaranpelanggaran atas
       hak-hak mereka.
       Stakeholders should have the opportunity to obtain effective redress
       for violations of their rights.
  6    Mekanisme-mekanisme meningkatkan kinerja untuk partisipasi                                2                   3              66,67%
       karyawan haruslah dimungkinkan berkembang.
       Performance-enhancing mechanisms for employee participation
       should be allowed to develop.




434    PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                                 TATA KELOLA PERUSAHAAN
                                                                                                                    Corporate Governance




                                                                                    Skor CG untuk Prinsip Keberlanjutan dan Ketangguhan
                                                                                           CG Score for Sustainability and Resilience

                                                                                 Jumlah Kepatuhan
                                                                                      terhadap
                                Parameter Penentu                                 Pertanyaan pada                               Skor per
 No.                                                                                                 Jumlah Pertanyaan
                              Determining Parameters                               Tiap Parameter                             Komponen
                                                                                                        Number of
                                                                                     Number of                               Score for Each
                                                                                                         Question
                                                                                   Compliance to                              Component
                                                                                 Questions on Each
                                                                                      Parameter

  7    Para pemangku kepentingan, termasuk karyawan individu dan                                 2                    2                 100%
       badan-badan perwakilan mereka, haruslah dapat secara bebas
       mengkomunikasikan keprihatinan mereka kepada dewan atas praktik-
       pratik melanggar hukum dan tidak etis dan hakhak mereka melakukan
       ini haruslah dilindungi.
       Stakeholders, including individual employees and their representative
       bodies, must be able to freely communicate their concerns to the
       board regarding illegal and unethical practices, and their rights to do
       so must be protected.
Total Pertanyaan yang Comply dengan Prinsip Keberlanjutan dan                                   19                   22                 86,36
Ketangguhan
Total Questions that Comply with the Principles of Sustainability and
Resilience



PRINSIP C: PENGUNGKAPAN DAN TRANSPARANSI
Principle C: Disclosure and Transparency
                                                                                    Skor CG untuk Prinsip Pengungkapan dan Transparansi
                                                                                      CG Score for Disclosure and Transparency Principles

                                                                                 Jumlah Kepatuhan
                                                                                      terhadap
                                Parameter Penentu                                 Pertanyaan pada                               Skor per
 No.                                                                                                 Jumlah Pertanyaan
                              Determining Parameters                               Tiap Parameter                             Komponen
                                                                                                        Number of
                                                                                     Number of                               Score for Each
                                                                                                         Question
                                                                                   Compliance to                              Component
                                                                                 Questions on Each
                                                                                      Parameter
  1    Transparansi Struktur Kepemilikan                                                         5                    5                 100%
       Transparency of the Ownership Structure
  2    Kualitas Laporan Tahunan                                                                  6                    6                 100%
       Quality of the Annual Report
  3    Remunerasi Anggota Dewan Komisaris dan Direksi                                            3                    4                     75%
       Remuneration of Board of Commissioners and Directors
  4    Pengungkapan atas Transaksi Hubungan Istimewa                                             2                    2                 100%
       Disclosure of special relationship transaction
  5    Pengungkapan atas transaksi saham perusahaan yang dilakukan oleh                          -                     -                      -
       para anggota Direksi atau Dewan Komisaris
       Disclosure of company share transactions conducted by members of
       the Board of Directors or Board of Commissioners
  6    Eksternal Auditor dan Laporan Auditor                                                     2                    2                 100%
       External Auditor and Auditor’s Report
  7    Media Komunikasi Perusahaan                                                               4                    4                 100%
       Company’s Communication Media
  8    Penyampaian informasi laporan keuangan atau laporan tahunan secara                        3                    3                 100%
       tepat waktu
       On-time submission of information on financial statements or annual
       reports
  9    Website Perusahaan                                                                        6                    6                 100%
       Company Website
 10 Keberadaan Investor Relations dalam Perusahaan                                               1                    1                 100%
       The Existence of Investor Relations in the Company
Total Pertanyaan yang Comply dengan Prinsip Pengungkapan dan                                    32                   33               96,96%
Transparansi
Total Questions that Comply with the Principles of Disclosure and
Transparency




                                                                                                2024 Annual Report PT ELNUSA Tbk        435
Page 438
            TATA KELOLA PERUSAHAAN
            Corporate Governance




PRINSIP D : TANGGUNG JAWAB DIREKSI DAN DEWAN KOMISARIS
Principle D : Responsibilities of the Board

                                                                                        Skor CG untuk Prinsip Tanggung Jawab Direksi
                                                                                                   dan Dewan Komisaris
                                                                                          CG Score for Responsibilities of the Board

                                                                                 Jumlah Kepatuhan
                                 Parameter Penentu                                    terhadap
 No.
                               Determining Parameters                             Pertanyaan pada                              Skor per
                                                                                                     Jumlah Pertanyaan
                                                                                   Tiap Parameter                            Komponen
                                                                                                        Number of
                                                                                     Number of                              Score for Each
                                                                                                         Question
                                                                                   Compliance to                             Component
                                                                                 Questions on Each
                                                                                      Parameter
  1     Tugas dan tanggung jawab Direksi dan Dewan Komisaris                                     6                    6                  100%
        Duties and responsibilities of the Board of Directors and the Board of
        Commissioners
   2    Struktur Dewan Komisaris                                                                21                  24                 837,50%
        Board of Commissioners’ Structure
   3    Proses Dewan Komisaris                                                                  18                  20                    90%
        Board of Commissioners’ Process
   4    Individu dalam Susunan Dewan Komisaris                                                   4                    6                 66,66%
        Individuals in the Composition of the Board of Commissioners
   5    Kinerja Dewan Komisaris                                                                  7                    7                  100%
        Peformance of the Board of Commissioners
 Total Pertanyaan yang Comply dengan Prinsip Tanggung Jawab Direksi dan                         56                  63                 88,88%
 Dewan Komisaris
 Total Questions that Comply with the Principles of Responsibilities of the
 Board




436     PT ELNUSA Tbk Laporan Tahunan 2024
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                                                                                                               TATA KELOLA PERUSAHAAN
                                                                                                                  Corporate Governance




Penerapan Aspek dan Prinsip Tata Kelola
Perusahaan sesuai Ketentuan Otoritas
Jasa Keuangan
    Implementation of the Aspects and Principles or Corporate
    Governance in Accordance with the Provisions of the
    Financial Service Authority


Terdapat 5 (lima) aspek, 8 (delapan) prinsip, serta 25 (dua puluh      There are 5 (five) aspects, 8 (eight) principles, and 25 (twenty-five)
lima) rekomendasi Tata Kelola yang disampaikan oleh OJK,               recommendations of Governance submitted by OJK, as stated
sebagaimana yang tertuang dalam POJK No. 21/POJK.04/2015               in POJK No. 21/POJK.04/2015 regarding the Implementation
tentang Penerapan Pedoman Tata Kelola Perusahaan Terbuka               of Public Company Governance Guidelines and SEOJK No. 32/
dan SEOJK No. 32/SEOJK.04/2015 tentang Pedoman Tata Kelola             SEOJK.04/2015 regarding Public Company Governance Guidelines.
Perusahaan Terbuka. Perseroan telah menerapkan aspek, prinsip,         The Company has implemented these aspects, principles and
dan rekomendasi tersebut berdasarkan pendekatan “comply or             recommendations based on the “comply or explain” approach
explain” dengan informasi secara rinci, sebagai berikut:               with detailed information, as follows:


         Prinsip                              Rekomendasi                                               Implementasi
        Principle                           Recommendation                                             Implementation
 Aspek 1: Hubungan Perusahaan Terbuka dengan Pemegang Saham Dalam Menjamin Hak-Hak Pemegang Saham
 Aspect 1: Relationship of a Public Company with the Shareholders in Guaranteeing the Shareholders’ Rights
 1. Meningkatkan nilai   1. Perusahaan terbuka memiliki cara atau prosedur        1. Terpenuhi: Perseroan telah memiliki aturan terkait
    penyelenggaraan         teknis pengumpulan (voting) baik secara terbuka          penyelenggaraan RUPS di mana voting dilakukan
    Rapat Umum              maupun tertutup yang mengedepankan independensi          secara terbuka dengan mengangkat tangan sesuai
    Pemegang Saham          dan kepentingan pemegang saham.                          dengan aturan yang telah disampaikan oleh pemimpin
    (RUPS)               2. Seluruh anggota Direksi dan anggota Dewan Komisaris      rapat. Sedangkan voting tertutup dilakukan melalui
                            perusahaan terbuka hadir dalam RUPS Tahunan              kartu suara yang dibagikan kepada setiap peserta
                            Perseroan.                                               rapat ataupun dengan penggunaan electronic voting.
                         3. Ringkasan risalah RUPS tersedia dalam situs web          Hal ini disampaikan kepada pemegang saham dalam
                            perusahaan terbuka paling sedikit selama 1 (satu)        tata tertib RUPS.
                            tahun.                                                2. Terpenuhi: RUPS Tahunan dan RUPS Luar Biasa
                                                                                     yang diselenggarakan pada tahun 2024 dihadiri oleh
                                                                                     seluruh anggota Dewan Direksi dan seluruh anggota
                                                                                     Dewan Komisaris.
                                                                                  3. Terpenuhi: Ringkasan risalah RUPS selama 4 (empat)
                                                                                     tahun terakhir tersedia dalam web Perseroan
                                                                                     (www. elnusa.co.id).
 1. Increase the value   1. Public listed companies have their technical methods 1. Fulfilled: The Company has established regulations
    of holding the          or procedures regarding voting, both openly and         regarding the organization of the GMS, where voting
    General Meeting         privately, that prioritize the independency and         is conducted openly by raising hands in accordance
    Shareholders            interests of shareholders.                              with the rules communicated by the meeting leader.
    (GMS)                2. All members of the Board of Directors and members       Meanwhile, closed voting is conducted through
                            of the Board of Commissioners of public companies       ballot cards distributed to each meeting participant
                            are present at the Company’s Annual GMS and             or by using electronic voting. This is conveyed to
                            Extraordinary GMS.                                      shareholders in the GMS rules of conduct.
                         3. A summary of the GMS minutes of meeting is available 2. Fulfilled: The Annual GMS and Extraordinary GMS
                            on the public company website for at least 1 (one)      held in 2024 were attended by all members of the
                            year.                                                   Board of Directors and all members of the Board of
                                                                                    Commissioners.
                                                                                 3. Fulfilled: Summaries of the GMS minutes for the past
                                                                                    four (4) years are available on the Company’s website
                                                                                    (www.elnusa.co.id).




                                                                                             2024 Annual Report PT ELNUSA Tbk         437
Page 440
           TATA KELOLA PERUSAHAAN
           Corporate Governance




        Prinsip                                Rekomendasi                                                 Implementasi
       Principle                             Recommendation                                               Implementation

2. Meningkatkan          1. Perusahaan terbuka memiliki suatu kebijakan               1. Terpenuhi: Perseroan telah memiliki kebijakan
   kualitas komunikasi      komunikasi dengan pemegang saham atau investor.              komunikasi dengan pemegang saham atau investor
   perusahaan            2. Perusahaan terbuka mengungkapkan kebijakan                   melalui aktivitas non deal roadshow, pertemuan
   terbuka dengan           komunikasi perusahaan terbuka dengan pemegang                analyst, conference, dan public expose.
   pemegang saham           saham atau investor dalam situs web.                      2. Terpenuhi: Materi dan informasi yang dimiliki oleh
   atau investor                                                                         Perseroan selalu disampaikan dalam web Perseroan
                                                                                         (www. elnusa.co.id) untuk menjamin kesetaraan
                                                                                         penyampaian informasi kepada para pemegang saham
                                                                                         atau investor.
2. Improve the quality   1. Public listed companies have communication policy         1. Fulfilled: The Company has a communication policy
   of public Company        with shareholders or investors.                              with shareholders or investors through non-deal
   communication         2. Public listed companies disclose the public company’s        roadshows, analyst meetings, conferences and public
   with shareholders        communication policy with shareholders or investors          exposes.
   or investors             on the website.                                           2. Fulfilled: Material and information owned by the
                                                                                         Company is always presented on the Company’s
                                                                                         website (www.elnusa.co.id) to ensure equal deliver.
Aspek 2: Fungsi dan Peran Dewan Komisaris
Aspect 2: Function and Duties of the Board of Commissioners
1. Memperkuat            1. Penentuan jumlah anggota Dewan Komisaris                  1. Terpenuhi: Penentuan jumlah anggota Dewan
   keanggotaan dan          mempertimbangkan kondisi Perusahaan Terbuka.                 Komisaris telah disesuaikan dengan peraturan yang
   komposisi Dewan       2. Penentuan komposisi anggota Dewan Komisaris                  berlaku serta Anggaran Dasar Perseroan sesuai dengan
   Komisaris                memperhatikan keberagaman keahlian, pengetahuan,             kondisi dan kebutuhan. Perseroan memiliki 4 (empat)
                            dan pengalaman yang dibutuhkan.                              anggota Dewan Komisaris.
                                                                                      2. Terpenuhi: Komposisi anggota Dewan Komisaris telah
                                                                                         memenuhi aspek keberagaman keahlian, pengetahuan
                                                                                         dan pengalaman serta kondisi dan kompleksitas bisnis
                                                                                         Perseroan.
1. To streghten the      1. Determining the number of members of the Board of         1. Fulfilled: Determining the number of members of
   membership               Commissioners takes into account the conditions of           the Board of Commissioners is adjusted to applicable
   and composition          the Public Company.                                          laws and regulations as well as Company’s Articles
   of the Board of       2. Determining the composition of members of the                of Association in line with the conditions and need.
   Commissioners            Board of Commissioners takes into account the                The Company has 4 (four) members of the Board of
                            diversity of skills, knowledge and experience Required.      Commissioners.
                                                                                      2. Fulfilled: The composition of members of the Board
                                                                                         of Commissioners has fulfilled the aspect of diversity
                                                                                         of expertise, knowledge and experience as well as the
                                                                                         condition and complexity of the Company’s business.
2. Meningkatkan          1. Dewan Komisaris mempunyai kebijakan penilaian             1. Terpenuhi: Perseroan telah memiliki kebijakan umum
   kualitas                 sendiri (self-assessment) untuk menilai kinerja Dewan        terkait dengan penilaian kinerja Dewan Komisaris
   pelaksanaan tugas        Komisaris.                                                   yang tertuang dalam Board Manual dan situs web
   dan tanggung          2. Kebijakan penilaian sendiri (self-assessment) untuk          Perseroan.
   jawab Dewan              menilai kinerja Dewan Komisaris diungkapkan melalui       2. Terpenuhi: Perseroan menyampaikan kebijakan
   Komisaris                Laporan Tahunan Perusahaan Terbuka.                          penilaian dalam laporan tahunan bagian Tata
                         3. Dewan Komisaris memiliki kebijakan terkait dengan            Kelola Perusahaan sub bab Penilaian kinerja Dewan
                            pengunduran diri anggota Dewan Komisaris apabila             Komisaris.
                            terlibat dalam kejahatan keuangan.                        3. Terpenuhi: Perseroan memiliki kebijakan pengunduran
                         4. Dewan Komisaris atau Komite yang menjalankan                 diri secara umum yang tertuang dalam Anggaran
                            fungsi Nominasi dan Remunerasi menyusun kebijakan            Dasar dan Board Manual Perseroan.
                            suksesi dalam proses Nominasi anggota Direksi.            4. Terpenuhi: Perseroan melalui Komite Nominasi,
                                                                                         Remunerasi dan GCG telah memiliki kebijakan dalam
                                                                                         proses nominasi anggota Direksi sesuai dengan
                                                                                         tujuan jangka panjang Perusahaan. Kebijakan suksesi
                                                                                         dicantumkan dalam situs web Perseroan.




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                                                                                                                     TATA KELOLA PERUSAHAAN
                                                                                                                        Corporate Governance




        Prinsip                                  Rekomendasi                                                 Implementasi
       Principle                               Recommendation                                               Implementation
2. Improving the         1. The Board of Commissioners has a self-assessment          1. Fulfilled: The Company has a general policy regarding
   quality of the           policy to assess the performance of the Board of             the performance assessment of the Board of
   implementation           Commissioners.                                               Commissioners which is stated in the Board Manual
   of duties and         2. The self-assessment policy for assessing the                 and the Company’s website.
   responsibilities         performance of the Board of Commissioners is              2. Fulfilled: The Company conveys its assessment policy
   of the Board of          disclosed in the Public Company’s Annual Report.             in the annual report in the Corporate Governance
   Commissioners         3. The Board of Commissioners has a policy regarding            section, sub-chapter, Performance Assessment of the
                            the resignation of members of the Board of                   Board of Commissioners.
                            Commissioners if they are involved in financial crimes.   3. Fulfilled: The Company has a general resignation policy
                         4. The Board of Commissioners or the Committee                  as stated in the Company’s Articles of Association and
                            that carries out the Nomination and Remuneration             Board Manual.
                            function prepares a succession policy in the              4. Fulfilled: The Company, through the Nomination
                            Nomination process for members of the Board of               and Remuneration Committee, has a policy in the
                            Directors.                                                   nomination process of members of the Board of
                                                                                         Directors in accordance with the Company’s long-
                                                                                         term goals. The succession policy is stated on the
                                                                                         Company’s website.
Aspek 3: Fungsi dan Peran Direksi
Aspect 3: Function and Role of the Directors
1. Memperkuat            1. Penentuan jumlah anggota Direksi                  1. Terpenuhi: Penentuan jumlah anggota Direksi telah
   keanggotaan dan          mempertimbangkan kondisi Perusahaan Terbuka serta    disesuaikan dengan peraturan yang berlaku serta
   komposisi Direksi        efektivitas dalam pengambilan keputusan.             Anggaran Dasar Perseroan sesuai dengan kondisi
                         2. Penentuan komposisi anggota Direksi memperhatikan    dan kebutuhan Perseroan memiliki 5 (lima) anggota
                            keberagaman keahlian, pengetahuan, dan pengalaman    Direksi.
                            yang dibutuhkan.                                  2. Terpenuhi: Komposisi anggota Direksi telah memenuhi
                         3. Anggota Direksi yang membawahi bidang akuntansi      aspek keberagaman keahlian, pengetahuan dan
                            atau keuangan memiliki keahlian dan/atau             pengalaman yang diperlukan oleh Perseroan.
                            pengetahuan di bidang akuntansi.                  3. Terpenuhi: Direktur Keuangan Perseroan memiliki
                                                                                 pengalaman kerja di bidang Keuangan selama lebih
                                                                                 dari 30 tahun.
1. Strengthen the        1. Determination of the number of members of the             1. Fulfilled: Determining the number of members of the
   membership and           Board of Directors considers the condition of the            Board of Directors has been adjusted to applicable
   composition of the       Public Listed Company as well as the effectiveness in        regulations and the Company’s Articles of Association
   Board of Directors       decision making.                                             in accordance with the conditions and needs of the
                         2. Determining the composition of members of the                Company. It has 5 (five) members of the Board of
                            Board of Directors takes into consideration the              Directors.
                            diversity of skills, knowledge and experience required.   2. Fulfilled: The composition of members of the Board of
                         3. The Board of Directors that oversee the Company’s            Directors has fulfilled the diversity of skills, knowledge
                            accounting or finance must have the expertise and/or         and experience required by the Company.
                            knowledge in the field of accounting.                     3. Fulfilled: The Company’s Finance Director has an
                                                                                         experience in the Finance sector for more than 30
                                                                                         years.
2. Meningkatkan          1. Direksi mempunyai kebijakan penilaian sendiri (self-      1. Terpenuhi: Perseroan telah memiliki kebijakan umum
   kualitas                 assessment) untuk menilai kinerja Direksi.                   terkait dengan penilaian untuk menilai kinerja Direksi
   pelaksanaan tugas     2. Kebijakan penilaian sendiri (self-assessment) untuk          yang tertuang dalam Board Manual dan situs web
   dan tanggung             menilai kinerja Direksi diungkapkan melalui Laporan          Perseroan.
   jawab Direksi            Tahunan Perusahaan Terbuka.                               2. Terpenuhi: Perseroan telah menyampaikan kebijakan
                         3. Direksi mempunyai kebijakan terkait dengan                   penilaian dalam Laporan Tahunan bagian Tata Kelola
                            pengunduran diri anggota Direksi apabila terlibat            Perusahaan sub bab Penilaian kinerja Direksi.
                            dalam kejahatan keuangan.                                 3. Terpenuhi: Perseroan telah memiliki kebijakan terkait
                                                                                         dengan pengunduran diri anggota Direksi yang
                                                                                         tertuang dalam Anggaran Dasar dan Board Manual
                                                                                         Perseroan.
2. To improve            1. The Board of Directors has a self-assessment policy to    1. Fulfilled: The Company has a general policy regarding
   the quality of           assess the performance of the Board of Directors.            assessments to assess the performance of the Board
   implementation        2. The self-assessment policy for assessing the                 of Directors as stated in the Board Manual and the
   of the duties and        performance of the Board of Directors is disclosed in        Company’s website.
   responsibilities         the Public Company’s Annual Report.                       2. Fulfilled: The Company has conveyed its assessment
   of the Board of       3. The Board of Directors has a policy regarding the            policy in the Annual Report in the Corporate
   Directors                resignation of members of the Board of Directors if          Governance section, sub-chapter on Assessment of
                            they are involved in financial crimes.                       the Board of Directors’ performance.
                                                                                      3. Fulfilled: The Company has a policy regarding the
                                                                                         resignation of members of the Board of Directors as
                                                                                         stated in the Company’s Articles of Association and
                                                                                         Board Manual.
Aspek 4: Partisipasi Pemangku Kepentingan
Aspect 4: Participation of the Stake Holders




                                                                                                  2024 Annual Report PT ELNUSA Tbk            439
Page 442
           TATA KELOLA PERUSAHAAN
           Corporate Governance




        Prinsip                               Rekomendasi                                                   Implementasi
       Principle                            Recommendation                                                 Implementation

1. Meningkatkan          1. Perusahaan terbuka memiliki kebijakan untuk              1. Terpenuhi: Perseroan telah memiliki kebijakan umum
   aspek tata Kelola        mencegah terjadinya insider trading.                        terkait dengan insider trading yang tertuang dalam
   perusahaan            2. Perusahaan terbuka memiliki kebijakan anti korupsi          situs web Perseroan.
   melalui partisipasi      dan anti-fraud.                                          2. Terpenuhi: Perseroan telah memiliki kebijakan umum
   pemangku              3. Perusahaan terbuka memiliki kebijakan tentang seleksi       terkait dengan antikorupsi dan anti-fraud yang
   kepentingan              dan peningkatan kemampuan pemasok atau vendor.              tertuang dalam CoC Perseroan.
                         4. Perusahaan terbuka memiliki kebijakan tentang            3. Terpenuhi: Perseroan telah memiliki SOP terkait
                            pemenuhan hak-hak kreditur.                                 dengan prosedur persiapan pengadaan barang dan
                         5. Perusahaan terbuka memiliki kebijakan sistem                jasa serta syarat dan ketentuan umum pengadaan
                            whistleblowing.                                             barang dan jasa untuk meningkatkan kualitas
                         6. Perusahaan terbuka memiliki kebijakan pemberian             pengadaan serta kualitas vendor. Hal tersebut
                            insentif jangka panjang kepada Direksi dan karyawan.        tercantum dalam situs web Perseroan.
                                                                                     4. Terpenuhi: Perseroan telah memiliki kebijakan terkait
                                                                                        dengan kewajiban untuk memenuhi hak-hak kreditur
                                                                                        sesuai dengan kebijakan dan ketentuan yang berlaku
                                                                                        yang tertuang dalam Perjanjian Kredit yang telah
                                                                                        disepakati oleh kedua belah pihak. Hal tersebut
                                                                                        tercantum dalam situs web Perseroan.
                                                                                     5. Terpenuhi: Perseroan telah memiliki kebijakan terkait
                                                                                        dengan whistleblowing system. http://www.elnusa.
                                                                                        co.id/ idn/investor/investor-information/corporate-
                                                                                        governance/mekanisme-pengaduan/.
                                                                                     6. Terpenuhi: Perseroan telah memiliki kebijakan
                                                                                        pemberian penghargaan terhadap masa kerja
                                                                                        karyawan sebagai bentuk penghargaan atas loyalitas
                                                                                        pekerja. Untuk Direksi kebijakan insentif tersebut
                                                                                        melekat pada kebijakan remunerasi Perseroan.
1. To improve            1. A public company has the policies to prevent insider     1. Fulfilled: The Company has a general policy regarding
   corporate                trading.                                                    insider trading which is stated on the Company’s
   governance            2. A public company has anti-corruption and antifraud          website.
   aspects through          policies.                                                2. Fulfilled: The Company has a general policy related to
   stakeholder           3. A public company has policies regarding the selection       anticorruption and anti-fraud which is stated in the
   participation            and improvement of suppliers or vendors capabilities.       Company’s CoC.
                         4. A public company has policies regarding fulfilling       3. Fulfilled: The Company has SOPs related to
                            creditor rights.                                            preparation procedures for the procurement of goods
                         5. A public company has the whistleblowing system              and services as well as general terms and conditions
                            policy.                                                     for the procurement of goods and services to improve
                         6. A public company has a policy on providing long-term        the quality of procurement and the quality of vendors.
                            incentives to Directors and employees.                      This is stated on the Company’s website.
                                                                                     4. Fulfilled: The Company has a policy related to the
                                                                                        obligation to fulfill creditors’ rights in accordance with
                                                                                        the applicable policies and provisions contained in the
                                                                                        Credit Agreement which has been agreed upon by
                                                                                        both parties. This is stated on the Company’s website.
                                                                                     5. Fulfilled: The Company has a policy related to the
                                                                                        whistleblowing system. http://www.elnusa.co.id/ idn/
                                                                                        investor/inv estor-information/corporategovernance/
                                                                                        mekanisme-pengaduan/.
                                                                                     6. Fulfilled: The Company has a policy of giving
                                                                                        awards for employees’ length of service as a form
                                                                                        of appreciation for employee loyalty. For Directors,
                                                                                        the incentive policy is attached to the Company’s
                                                                                        remuneration policy.
Aspek 5: Keterbukaan Informasi
Aspect 5: Information Disclosure
1. Meningkatkan          1. Perusahaan terbuka memanfaatkan penggunaan               1. Terpenuhi: Perseroan telah secara rutin
   pelaksanaan              teknologi Informasi secara lebih luas selain situs web      menyampaikan Informasi tidak hanya terbatas pada
   keterbukaan              sebagai media keterbukaan Informasi.                        keterbukaan Informasi yang telah diatur dalam
   informasi             2. Laporan tahunan perusahaan mengungkapkan pemilik            peraturan perundang-undangan, namun juga
                            manfaat akhir dalam kepemilikan saham perusahaan            informasi lain terkait Perseroan melalui portal internal,
                            terbuka paling sedikit 5%, selain pengungkapan              media situs web, news flash, teasers, intranet, Elnusa
                            pemilik manfaat akhir dalam kepemilikan saham               news corner.
                            perusahaan terbuka melalui pemegang saham utama          2. Terpenuhi : Perseroan telah mengungkapkan pemilik
                            dan pengendali.                                             manfaat akhir atas kepemilikan saham Perseroan
                                                                                        paling sedikit 5%, juga pengungkapan pemilik dari
                                                                                        manfaat akhir dari kepemilikan saham oleh pemegang
                                                                                        saham utama dan pengendali dalam Laporan Tahunan
                                                                                        Perseroan.




440    PT ELNUSA Tbk Laporan Tahunan 2024
Page 443
                                                                                                                 TATA KELOLA PERUSAHAAN
                                                                                                                    Corporate Governance




        Prinsip                            Rekomendasi                                                    Implementasi
       Principle                         Recommendation                                                  Implementation
1. To increase the   1. Public listed companies make more use of information        1. Fulfilled: The Company has routinely conveyed
   disclosure of        technology aside from websites as medium for                   information not only limited to the disclosure of
   information          information disclosure.                                        information that has been regulated in statutory
                     2. The Company’s annual report discloses the ultimate             regulations, but also other information related to the
                        beneficial owner in public company share ownership             Company through internal portals, website media,
                        of at least 5%, in addition to disclosure of the ultimate      news flash, teasers, intranet, Elnusa news corner.
                        beneficial owner in public company share ownership          2. Fulfilled: The Company has disclosed the ultimate
                        through the main and controlling shareholders.                 beneficial owner of the Company’s share ownership
                                                                                       of at least 5%, as well as disclosure of the ultimate
                                                                                       beneficial owner of share ownership by the main and
                                                                                       controlling shareholders in the Company’s Annual
                                                                                       Report.




                                                                                               2024 Annual Report PT ELNUSA Tbk          441
Page 444

          
Page 445
TANGGUNG JAWAB
SOSIAL DAN LINGKUNGAN
Social and Environmental
Responsibility Social and
Environmental Responsibility
444 Aspek Ekonomi
      Economic Aspect

444 Aspek Lingkungan
      Environment Aspect

445 Aspek Sosial
      Social Aspect
Page 446
            TANGGUNG JAWAB SOSIAL DAN LINGKUNGAN
            Social and Environmental Responsibility




Aspek Ekonomi                                        [OJK B.1]


Economic Aspect


               Uraian                         2024                    2023                    2022                     Description


                                                     Rp13,4                  Rp12,6                  Rp12,3
Pendapatan                                                                                                                             Revenue
                                            triliun | trillion      triliun | trillion      triliun | trillion


                                                      Rp714                  Rp503                    Rp378
Laba                                                                                                                                    Income
                                             miliar | billion       miliar | billion         miliar | billion


Nilai Pengadaan kepada                                 Rp9,9                   Rp9,9                   Rp8,9              Value of Procurement
Mitra Kerja Lokal                           triliun | trillion      triliun | trillion      triliun | trillion                 to Local Partners


Persentase Mitra Kerja Lokal                          97,5%                  93,61%                 97,15%          Percentage of Local Partners




Aspek Lingkungan                                                 [OJK B.2]


Environment Aspect

               Uraian                         2024                    2023                    2022                     Description


                                              1.731.953,35            2.117.306,46            2.210.864,94
Penggunaan Energi                                                                                                                 Energy Usage
                                                        GJ                      GJ                      GJ


                                                100.377,07              142.357,62              122.799,09
Emisi yang Dihasilkan                                                                                                      Emissions Generated
                                                 Ton CO2eq               Ton CO2eq               Ton CO2eq


                                                    128,45                    64,98                 248,83
Limbah B3                                                                                                                     Hazardous Waste
                                                 Ton | Tons              Ton | Tons              Ton | Tons


                                                  >2.000                  >5.000                   >3.900
Pohon yang Ditanam                                                                                                                Trees Planted
                                            Pohon | Trees           Pohon | Trees            Pohon | Trees




                               29,36%                                                                        27,35%
        Penurunan emisi cakupan 1 dan cakupan 2 pada tahun                           Penurunan konsumsi energi pada tahun 2024, dari tahun
                     2024, dari tahun sebelumnya.                                                         sebelumnya.
       Reduction in scope 1 and scope 2 emissions in 2024, from                         Reduction in energy consumption in 2024, from the
                           the previous year.                                                             previous year.




444     PT ELNUSA Tbk Laporan Tahunan 2024
Page 447
                                                                        TANGGUNG JAWAB SOSIAL DAN LINGKUNGAN
                                                                            Social and Environmental Responsibility




Aspek Sosial                     [OJK B.3]


Social Aspect


                Uraian               2024             2023            2022                        Description


                                        197.460          104.246         318.175
Jam Pelatihan                                                                                                Training Hours
                                     Jam | Hours      Jam | Hours     Jam | Hours


Kecelakaan Kerja yang
                                                 0               1               0    Work Accidents Resulting in Fatalities
Mengakibatkan Fatalitas


Tingkat Kepuasan Pelanggan
                                               4,26            4,34            4,66           Customer Satisfaction Indeks
(Customer Satisfaction Indeks)


Penerima Manfaat                             86.873          97.672          93.191                             Beneficiaries




                                                                             2024 Annual Report PT ELNUSA Tbk          445
Page 448

          
Page 449
LAMPIRAN
Appendix
448   Referensi SEOJK No. 16/SEOJK.04/2021: Laporan Tahunan Emiten
      atau Perusahaan Publik
      SEOJK No. 16/SEOJK.04/2021: Annual Report of Public Company

472   Laporan Keuangan
      Financial Report

628   Glosarium
      Glosarium
Page 450
Referensi SEOJK NO. 16/SEOJK.04/2021:
Laporan Tahunan Emiten atau
Perusahaan Publik
     SEOJK No. 16/SEOJK.04/2021: Annual Report of
     Public Company


                                                               Halaman
                          Keterangan                                                              Description
                                                                 Page

I.   Ketentuan Umum                                                      I.   General Provision
      1. Dalam Surat Edaran Otoritas Jasa Keuangan ini yang                   1. In this Financial Services Authority Circular Letter
         dimaksud dengan:                                                        what is meant by:
         a.    Laporan     Tahunan      adalah     laporan        √               a.    The Annual Report is a report on the Board
               pertanggungjawaban Direksi dan Dewan                                     of Directors and Board of Commissioners
               Komisaris dalam melakukan pengurusan dan                                 accountability in managing and supervising
               pengawasan terhadap emiten atau perusahaan                               issuers or public companies within a period
               publik dalam kurun waktu 1 (satu) tahun                                  of 1 (one) fiscal year to the general meeting
               buku kepada rapat umum pemegang saham                                    of shareholders prepared based on the
               yang disusun berdasarkan ketentuan dalam                                 provisions of the Financial Services Authority
               Peraturan Otoritas Jasa Keuangan mengenai                                Regulation concerning the Annual Report of
               Laporan Tahunan emiten atau perusahaan                                   issuers or public companies.
               publik.
         b.    Emiten adalah pihak        yang   melakukan        √               b.    Issuers are parties who make public offerings
               penawaran umum.
         c.    Perusahaan Publik adalah perseroan yang            √               c.    A Public Company is a company whose shares
               sahamnya telah dimiliki paling sedikit                                   are owned by at least 300 (three hundred)
               oleh 300 (tiga ratus) pemegang saham                                     shareholders and has a paid-up capital of
               dan memiliki modal disetor paling sedikit                                at least Rp3,000,000,000.00 (three billion
               Rp3.000.000.000,00 (tiga miliar rupiah) atau                             rupiah) or a number of shareholders and
               suatu jumlah pemegang saham dan modal                                    paid-up capital as determined by the Financial
               disetor yang ditetapkan oleh Otoritas Jasa                               Services Authority.
               Keuangan.
         d.    Perusahaan Terbuka adalah Emiten yang telah        √               d.    A Public Company is an Issuer that has made
               melakukan penawaran umum efek bersifat                                   a public offering of equity securities or a
               ekuitas atau Perusahaan Publik.                                          Publically-listed Company
         e.    Laporan Keberlanjutan (Sustainability Report)      √               e.    A Sustainability Report is a report published
               adalah laporan yang diumumkan kepada                                     to the public that contains the economic,
               masyarakat yang memuat kinerja ekonomi,                                  financial,   social,   and     environmental
               keuangan, sosial, dan lingkungan hidup                                   performance of a financial service institution,
               suatu lembaga jasa keuangan, Emiten, dan                                 Issuer, and Public Company in running a
               Perusahaan Publik dalam menjalankan bisnis                               sustainable business
               berkelanjutan.
         f     Direksi:                                                           f     Board of Directors:
               1) bagi Emiten atau Perusahaan Publik              √                     1) For an Issuer or a Public Company in
                  berbentuk badan hukum perseroan                                          the form of a limited liability company,
                  terbatas adalah Direksi sebagaimana                                      it is the Board of Directors as referred
                  dimaksud dalam Peraturan Otoritas Jasa                                   to in the Financial Services Authority
                  Keuangan mengenai Direksi dan Dewan                                      Regulation concerning the Board of
                  Komisaris Emiten atau Perusahaan Publik;                                 Directors and Board of Commissioners of
                  dan                                                                      an Issuer or Public Company; and
               2) bagi Emiten atau Perusahaan Publik              √                     2) For an Issuer or a Public Company in
                  berbentuk badan hukum selain perseroan                                   the form of a legal entity other than a
                  terbatas adalah organ yang melaksanakan                                  limited liability company, it is the body
                  pengurusan badan hukum tersebut                                          that carries out the management of the
                  sebagaimana dimaksud dalam peraturan                                     legal entity as referred to in the laws and
                  perundang-undangan mengenai badan                                        regulations concerning the legal entity.
                  hukum tersebut.




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                                                       Halaman
                  Keterangan                                                        Description
                                                         Page

   g.   Dewan Komisaris:                                            g.     Board of Commissioners:
        1) bagi Emiten atau Perusahaan Publik             √                1) For an Issuer or a Public Company in
           berbentuk badan hukum perseroan                                    the form of a limited liability company,
           terbatas    adalah   Dewan   Komisaris                             the Board of Commissioners as referred
           sebagaimana dimaksud dalam Peraturan                               to in the Financial Services Authority
           Otoritas Jasa Keuangan mengenai Direksi                            Regulation concerning the Board of
           dan Dewan Komisaris Emiten atau                                    Directors and Board of Commissioners of
           Perusahaan Publik; dan                                             an Issuer or Public Company; and
        2) bagi Emiten atau Perusahaan Publik             √                2) For the Issuer or Public Company in the
           berbentuk badan hukum selain perseroan                             form of a legal entity other than a limited
           terbatas adalah organ yang melakukan                               liability company, it is the body that
           pengawasan badan hukum tersebut                                    supervises the legal entity as referred to
           sebagaimana dimaksud dalam peraturan                               in the laws and regulations concerning
           perundang-undangan mengenai badan                                  the legal entity.
           hukum tersebut.
   h.   Rapat Umum Pemegang           Saham    yang                 h.     General Meeting of Shareholders hereinafter
        selanjutnya disingkat RUPS:                                        abbreviated as GMS:
        1) bagi Emiten atau Perusahaan Publik             √                1) For an Issuer or a Public Company in the
           berbentuk badan hukum perseroan                                    form of a limited liability company, it is
           terbatas adalah RUPS sebagaimana                                   the GMS as referred to in the Financial
           dimaksud dalam Peraturan Otoritas                                  Services Authority Regulation concerning
           Jasa Keuangan mengenai Rencana dan                                 the Planning and Organizing of the
           Penyelenggaraan Rapat Umum Pemegang                                General Meeting of Shareholders of a
           Saham Perusahaan Terbuka; dan                                      Public Company; and

        2) bagi Emiten atau Perusahaan Publik             √                2) For an Issuer or Public Company in the
           berbentuk badan hukum selain perseroan                             form of a legal entity other than a limited
           terbatas adalah organ yang mempunyai                               liability company, it is the body that has
           wewenang yang tidak diberikan kepada                               authority that is not given to any other
           organ     yang   melaksanakan     fungsi                           body that carries out management and
           pengurusan dan fungsi pengawasan, dalam                            supervisory functions, within the limits
           batas yang ditentukan dalam peraturan                              specified in the legislation and/or articles
           perundang-undangan dan/atau anggaran                               of association governing the legal entity.
           dasar yang mengatur badan hukum
           tersebut.
2. Laporan Tahunan Emiten atau Perusahaan Publik          √      2. The Annual Report of Issuers or Public Companies
   merupakan sumber informasi penting bagi investor                 is an important source of information for investors
   atau pemegang saham sebagai salah satu dasar                     or shareholders as one of the basic considerations
   pertimbangan dalam pengambilan keputusan                         in making investment decisions and a means of
   investasi dan sarana pengawasan terhadap Emiten                  supervision of Issuers or Public Companies.
   atau Perusahaan Publik.
3. Seiring dengan perkembangan pasar modal dan            √      3. Along with the development of the capital market
   meningkatnya kebutuhan investor atau pemegang                    and the increasing need for information disclosure
   saham atas keterbukaan informasi, Direksi dan                    by investors or shareholders, the Board of Directors
   Dewan Komisaris dituntut untuk menyajikan                        and the Board of Commissioners are required
   informasi yang berkualitas, akurat, dan akuntabel                to present quality, accurate, and accountable
   melalui Laporan Tahunan Emiten atau Perusahaan                   information through the Annual Reports of Issuers
   Publik.                                                          or Public Companies.




                                                                 2024 Annual Report PT ELNUSA Tbk          449
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                                                                 Halaman
                            Keterangan                                                                Description
                                                                   Page

      4. Laporan Tahunan yang disusun secara teratur dan            √            4. Annual Reports that are prepared regularly and
         informatif dapat memberikan kemudahan bagi                                 informatively can provide convenience for investors
         investor atau pemegang saham dan pemangku                                  or shareholders and stakeholders in obtaining the
         kepentingan dalam memperoleh informasi yang                                required information.
         dibutuhkan.
      5 Surat Edaran Otoritas Jasa Keuangan ini merupakan           √            5 This Financial Services Authority Circular is a
        pedoman bagi Emiten atau Perusahaan Publik yang                            guideline for Issuers or Public Companies that
        wajib diterapkan dalam menyusun Laporan Tahunan                            must be applied in preparing Annual Reports and
        dan Laporan Keberlanjutan.                                                 Sustainability Reports.

II.   Bentuk Laporan Tahunan                                               II.   Format of Annual Report
      1. Laporan Tahunan disajikan dalam bentuk dokumen             √            1. Annual Report should be presented in the printed
         cetak dan salinan dokumen elektronik.                                      format and in electronic document copy..
      2. Laporan Tahunan yang disajikan dalam bentuk                √            2. The printed version of the Annual Report should be
         dokumen cetak, dicetak pada kertas yang berwarna                           printed on light-colored paper of fine quality, in A4
         terang, berkualitas baik, berukuran A4, dijilid, dan                       size, bound and can be reproduced in good quality.
         dapat diperbanyak dengan kualitas yang baik.
      3. Laporan Tahunan dapat menyajikan informasi                 √            3. The Annual Report may present information in the
         berupa gambar, grafik, tabel, dan/atau diagram                             form of pictures, graphs, tables, and/or diagrams
         dengan mencantumkan judul dan/atau keterangan                              by including clear titles and/or descriptions, so that
         yang jelas, sehingga mudah dibaca dan dipahami.                            they are easy to read and understand.

      4. Laporan Tahunan yang disajikan dalam bentuk                √            4. The Annual Report presented in electronic
         salinan dokumen elektronik merupakan Laporan                               document format is the Annual Report converted
         Tahunan yang dikonversi dalam format pdf.                                  into pdf format.
III. Isi Laporan Tahunan                                                   III. Content Of Annual Report
      1.    Laporan Tahunan paling sedikit memuat informasi         √            1.   Annual Report should contain at least the following
            mengenai:                                                                 information:
            a.   Ikhtisar data keuangan penting;                    √                 a.   Summary of key financial information;
            b. Informasi saham (jika ada);                          √                 b. Stock information (if any);
            c.   Laporan Direksi;                                   √                 c.   The Board of Directors report;
            d. Laporan Dewan Komisaris;                             √                 d. The Board of Commissioners report;
            e.   Profil Emiten atau Perusahaan Publik;              √                 e.   Profile of Issuer or Public Company;
            f.   Analisis dan pembahasan manajemen;                 √                 f.   Management discussion and analysis;
            g.   Tata kelola Emiten atau Perusahaan Publik;         √                 g.   Corporate governance applied by the Issuer or
                                                                                           Public Company;
            h. Tanggung jawab sosial dan lingkungan Emiten          √                 h. Corporate      social     and     environmental
               atau Perusahaan Publik;                                                   responsibility of the Issuer or Public Company;
            i.   Laporan keuangan tahunan yang telah diaudit;       √                 i.   Audited annual report; and
                 dan
            j.   Surat pernyataan anggota Direksi dan anggota       √                 j.   Statement that the Board of Directors and the
                 Dewan Komisaris tentang tanggung jawab atas                               Board of Commissioners are fully responsible
                 Laporan Tahunan;                                                          for the Annual Report;
      2.    Uraian Isi Laporan Tahunan                                           2.   Description of Content of Annual Report
            a. Ikhtisar Data Keuangan Penting                       8                 a. Summary of Key Financial Information
                 Ikhtisar Data Keuangan Penting memuat                                     Summary of Key Financial Information contains
                 informasi keuangan yang disajikan dalam                                   financial information presented in comparison
                 bentuk perbandingan selama 3 (tiga) tahun                                 with previous 3 (three) fiscal years or since
                 buku atau sejak memulai usahanya jika Emiten                              commencement of business if the Issuers or the
                 atau Perusahaan Publik tersebut menjalankan                               Public Company commencing the business less
                 kegiatan usahanya kurang dari 3 (tiga) tahun,                             than 3 (three) years, at least contain:
                 paling sedikit memuat:
                 1)   pendapatan/penjualan;                         8                       1)   income/sales;
                 2)   laba bruto;                                   8                       2)   gross profit;
                 3)   laba (rugi);                                  8                       3)   profit (loss);




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               Keterangan                                                          Description
                                                         Page

    4)   jumlah laba (rugi) yang dapat diatribusikan      8             4)    total profit (loss) attributable to equity
         kepada pemilik entitas induk dan                                     holders of the parent entity and non-
         kepentingan non pengendali;                                          controlling interest;
    5)   total laba (rugi) komprehensif;                  8             5)    total comprehensive profit (loss);
    6)   jumlah laba (rugi) komprehensif yang             8             6)    total comprehensive profit (loss)
         dapat diatribusikan kepada pemilik entitas                           attributable to equity holders of the
         induk dan kepentingan non pengendali;                                parent entity and non controlling interest;
    7)   laba (rugi) per saham;                           8             7)    earning (loss) per share;
    8)   jumlah aset;                                     9             8)    total assets;
    9)   jumlah liabilitas;                               9             9)    total liabilities;
   10) jumlah ekuitas;                                    9             10) total equities;
   11) rasio laba (rugi) terhadap jumlah aset;           10             11) profit (loss) to total assets ratio;
   12) rasio laba (rugi) terhadap ekuitas;               10            12)    profit (loss) to equities ratio;
   13) rasio laba (rugi) terhadap pendapatan/            10            13)    profit (loss) to income ratio;
       penjualan;
   14) rasio lancar;                                     10            14)    current ratio;
   15) rasio liabilitas terhadap ekuitas;                10            15)    liabilities to equities ratio;
   16) rasio liabilitas terhadap jumlah aset; dan        10            16)    liabilities to total assets ratio; and
   17) informasi dan rasio keuangan lainnya yang         10            17)    other information and financial ratios
       relevan dengan Emiten atau Perusahaan                                  relevant to the Issuer or Public Company
       Publik dan jenis industrinya;                                          and type of industry;
b. Informasi Saham                                       11        b. Stock Information
   Informasi Saham (jika ada) paling sedikit             11            Stock Information (if any) at least contains:
   memuat:
    1)   saham yang telah diterbitkan untuk setiap       11             1)    shares issued for each three-month
         masa triwulan (jika ada) yang disajikan                              period in the last 2 (two) fiscal years (if
         dalam bentuk perbandingan selama 2                                   any), at least covering:
         (dua) tahun buku terakhir, paling sedikit
         meliputi:
         a)   jumlah saham yang beredar;                 11                   a)    number of outstanding shares;
         b)   kapitalisasi pasar berdasarkan harga       11                   b)    market capitalization based on the
              pada Bursa Efek tempat saham                                          price at the Stock Exchange where
              dicatatkan;                                                           the shares listed on;
         c)   harga saham tertinggi, terendah, dan       11                   c)    highest share price, lowest share
              penutupan berdasarkan harga pada                                      price, closing share price at the
              Bursa Efek tempat saham dicatatkan;                                   Stock Exchange where the shares
              dan                                                                   listed on; and
         d)   volume perdagangan pada Bursa Efek         11                   d)    share volume at the Stock Exchange
              tempat saham dicatatkan;                                              where the shares listed on;
         Informasi pada huruf a) diungkap oleh           11                   Information in point a) should be
         Emiten yang merupakan Perusahaan                                     disclosed by the Issuer, the public
         Terbuka yang sahamnya tercatat maupun                                company whose shares is listed or not
         tidak tercatat di Bursa Efek;                                        listed in the Stock Exchange;
         Informasi pada huruf b), c), dan huruf d)       11                   Information in point b), point c), and
         hanya diungkapkan jika Emiten merupakan                              point d) only be disclosed if the Issuer is a
         Perusahaan Terbuka dan sahamnya                                      public company whose shares is listed in
         tercatat di Bursa Efek;                                              the Stock Exchange;
    2)   dalam hal terjadi aksi korporasi,               12             2)    in the event of corporate actions,
         seperti pemecahan saham (stock split),                               including stock split, reverse stock,
         penggabungan saham (reverse stock),                                  dividend, bonus share, and change in
         dividen saham, saham bonus, dan                                      par value of shares, then the share price
         perubahan nilai nominal saham, informasi                             referred to in point 1), should be added
         saham sebagaimana dimaksud pada angka                                with explanation on:
         1) ditambahkan penjelasan paling sedikit
         mengenai:




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                       Keterangan                                                       Description
                                                                Page

                 a)   tanggal pelaksanaan aksi korporasi;        -                 a)   date of corporate action;
                 b)   rasio pemecahan saham (stock split),       -                 b)   stock split ratio, reverse stock,
                      penggabungan saham (reverse stock),                               dividend, bonus shares, and change
                      dividen saham, saham                                              in par value of shares;

                 c)   jumlah saham beredar sebelum dan           -                 c)   number of outstanding shares prior
                      sesudah aksi korporasi; dan                                       to and after corporate action; and
                 d)   jumlah efek konversi yang                  -                 d)   The number of convertible
                      dilaksanakan (jika ada); dan                                      securities exercised (if any); and
                 e)   harga saham sebelum dan sesudah            -                 e)   share price prior to and after
                      aksi korporasi;                                                   corporate action;
            3)   dalam hal terjadi penghentian sementara        12            3)   in the event that the company’s shares
                 perdagangan saham (suspension), dan/                              were suspended and/or delisted from
                 atau penghapusan pencatatan saham                                 trading during the year under review,
                 (delisting) dalam tahun buku, Emiten atau                         then the Issuers or Public Company
                 Perusahaan Publik menjelaskan alasan                              should provide explanation on the reason
                 penghentian sementara perdagangan                                 for the suspension and/or delisting; and
                 saham (suspension) dan/atau penghapusan
                 pencatatan saham (delisting) tersebut; dan

            4)   dalam hal penghentian sementara                12            4)   in the event that the suspension and/
                 perdagangan saham (suspension) dan/                               or delisting as referred to in point 3)
                 atau penghapusan pencatatan saham                                 was still in effect until the date of the
                 (delisting) sebagaimana dimaksud pada                             Annual Report, then the Issuer or the
                 angka 3) masih berlangsung hingga akhir                           Public Company should also explain the
                 periode Laporan Tahunan, Emiten atau                              corporate actions taken by the company
                 Perusahaan Publik menjelaskan tindakan                            in resolving the suspension and/or
                 yang dilakukan untuk menyelesaikan                                delisting;
                 penghentian sementara perdagangan
                 saham (suspension) dan/atau penghapusan
                 pencatatan saham (delisting) tersebut;

       c.   Laporan Direksi                                     48      c.   The Board of Directors Report
            Laporan Direksi paling sedikit memuat:              48           The Board of Directors Report should at least
                                                                             contain the following items:
            1)   uraian singkat mengenai kinerja Emiten         48            1)   the performance of the Issuer or Public
                 atau Perusahaan Publik, paling sedikit                            Company, at least covering:
                 meliputi:
                 a)   strategi dan kebijakan strategis         50-52               a)   strategy and strategic policies of the
                      Emiten atau Perusahaan Publik;                                    Issuer or Public Company;
                 b)   peranan Direksi dalam perumusan          52-53               b)   Role of the Board of Directors
                      strategi dan kebijakan strategis                                  in formulating strategies and
                      Emiten atau Perusahaan Publik;                                    strategic policies of Issuers or Public
                                                                                        Companies;
                 c)   proses yang dilakukan Direksi untuk      52-53               c)   Process carried out by the
                      memastikan implementasi strategi                                  Board of Directors to ensure the
                      Emiten atau Perusahaan Publik;                                    implementation of the Issuer’s or
                                                                                        Public Company’s strategy;
                 d)   perbandingan antara hasil yang           54-55               d)   comparison between achievement
                      dicapai dengan yang ditargetkan; dan                              of results and targets; and

                 e)   kendala yang dihadapi Emiten atau        53-54               e)   challenges faced by the Issuer or
                      Perusahaan Publik;                                                Public Company;
            2)   gambaran tentang prospek usaha;               57-58          2)   description on business prospects;
            3)   penerapan tata kelola       Emiten   atau      55            3)   implementation of good corporate
                 Perusahaan Publik; dan                                            governance by Issuer or Public Company;
                                                                                   and
            4)   perubahan komposisi anggota Direksi dan       56-57          4)   changes in the composition of the Board of
                 alasan perubahannya (jika ada);                                   Directors and the reason behind (if any);




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d. Laporan Dewan Komisaris                                   39         d. The Board of Commissioners Report
     Laporan Dewan        Komisaris   paling   sedikit      39               The Board of Commissioners Report should at
     memuat:                                                                 least contain the following items:
     1)   Penilaian terhadap kinerja Direksi                 39               1)   Assessment on the performance of the
          mengenai pengelolaan Emiten atau                                         Board of Directors in managing the Issuer
          Perusahaan Publik;                                                       or the Public Company;
     2)   Pengawasan      terhadap    implementasi           40               2)   Supervision on the implementation of the
          strategi Emiten atau Perusahaan Publik;                                  strategy of the Issuer or Public Company;
     3)   Pandangan atas prospek usaha Emiten              43-44              3)   View on the business prospects of the
          atau Perusahaan Publik yang disusun oleh                                 Issuer or Public Company as established
          Direksi;                                                                 by the Board of Directors;
     4)   Pandangan atas penerapan tata kelola             40-41              4)   View on the implementation of the
          Emiten atau Perusahaan Publik;                                           corporate governance by the Issuer or
                                                                                   Public Company;
     5)   Perubahan komposisi anggota Dewan                  43               5)   Changes in the composition of the Board
          Komisaris dan alasan perubahannya (jika                                  of Commissioners and the reason behind
          ada); dan                                                                (if any); and
e.   Profil Emiten atau Perusahaan Publik                    65         e.   Profile of the Issuer or Public Company
     Profil Emiten atau Perusahaan Publik paling             65              Profile of the Issuer or Public Company should
     sedikit memuat:                                                         cover at least:
     1)   Nama Emiten atau Perusahaan Publik              66-67, 71           1)   Name of Issuer or Public Company,
          termasuk apabila terdapat perubahan                                      including change of name, reason of
          nama, alasan perubahan, dan tanggal                                      change, and the effective date of the
          efektif perubahan nama pada tahun buku;                                  change of name during the year under
                                                                                   review;
     2)   Akses terhadap Emiten atau Perusahaan              67               2)   access to Issuer or Public Company,
          Publik termasuk kantor cabang atau                                       including branch office or representative
          kantor perwakilan yang memungkinkan                                      office, where public can have access
          masyarakat dapat memperoleh informasi                                    of information of the Issuer or Public
          mengenai Emiten atau Perusahaan Publik,                                  Company, which include:
          meliputi:
          a)    Alamat;                                      67                    a)   Address;
          b)   Nomor telepon;                                67                    b)   Telephone number;
          c)   Nomor faksimile;                              67                    c)   Facsimile number;
          d)   Alamat surat elektronik; dan                  67                    d)   E-mail address; and
          e)   Alamat Situs Web;                             67                    e)   Website address;
     3)   Riwayat singkat Emiten atau Perusahaan           68-70              3)   Brief history of the Issuer or Public
          Publik;                                                                  Company;
     4)   Visi dan misi Emiten atau Perusahaan               72               4)   Vision and mission of the Issuer or Public
          Publik;                                                                  Company;
     5)   Kegiatan usaha menurut anggaran dasar            80-85              5)   Line of business according to the latest
          terakhir, kegiatan usaha yang dijalankan                                 Articles of Association, and types of
          pada tahun buku, serta jenis barang dan/                                 products and/or services produced;
          atau jasa yang dihasilkan;
     6)   Wilayah   operasional       Emiten       atau    86-91              6)   Operational area of the Issuer or Public
          Perusahaan Publik;                                                       Company
     7)   Struktur organisasi Emiten atau Perusahaan       94-95              7)   Structure of organization of the Issuer or
          Publik dalam bentuk bagan, paling sedikit                                Public Company in chart form, at least 1
          sampai dengan struktur 1 (satu) tingkat di                               (one) level below the Board of Directors,
          bawah Direksi, disertai dengan nama dan                                  with the names and titles;
          jabatan;
     8)   daftar keanggotaan asosiasi industri baik          93               8)   List of industry association memberships
          dalam skala nasional maupun internasional                                both on a national and international
          yang berkaitan dengan penerapan                                          scale related to the implementation of
          keuangan berkelanjutan                                                   sustainable finance;
     9)   Profil Direksi, paling sedikit memuat:          100-105             9)   The Board of Directors profiles include:




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               a)   Nama dan jabatan yang sesuai dengan          100-105             a)   Name and short description of
                    tugas dan tanggung jawab;                                             duties and functions;
               b)   Foto terbaru;                                100-105             b)   Latest photograph;
               c)   Usia;                                        100-105             c)   Age;
               d)   Kewarganegaraan;                             100-105             d)   Citizenship;
               e)   Riwayat pendidikan;                          100-105             e)   Education;
               f)   Riwayat jabatan, meliputi informasi:         100-105             f)   history position, covering information
                                                                                          on:
                    (1) Dasar    hukum     penunjukan            100-105                  (1)    Legal basis for appointment
                        sebagai anggota Direksi pada                                             as member of the Board of
                        Emiten atau Perusahaan Publik                                            Directors to the said Issuer or
                        yang bersangkutan;                                                       Public Company;
                    (2) Rangkap jabatan, baik sebagai            100-105                  (2)    Dual position, as member
                        anggota Direksi, anggota Dewan                                           of the Board of Directors,
                        Komisaris, dan/atau anggota                                              member of the Board of
                        komite serta jabatan lainnya (jika                                       Commissioners,            and/or
                        ada); dan                                                                member of committee, and
                                                                                                 other position (if any); and
                    (3) Pengalaman    kerja    beserta           100-105                  (3)    Working     experience    and
                        periode waktunya baik di dalam                                           period in and outside the
                        maupun di luar Emiten atau                                               Issuer or Public Company;
                        Perusahaan Publik;
               g)   hubungan afiliasi dengan anggota         100-105, 316-317        g)   Affiliation with other members of the
                    Direksi lainnya, anggota Dewan                                        Board of Directors, members of the
                    Komisaris, pemegang saham utama,                                      Board of Commissioners, majority and
                    dan pengendali baik langsung                                          controlling shareholders, either directly
                    maupun tidak langsung sampai                                          or indirectly to individual owners,
                    kepada pemilik individu, meliputi                                     including names of affiliated parties. In
                    nama pihak yang terafiliasi;                                          the event that a member of the Board
                                                                                          of Directors has no affiliation, the Issuer
                                                                                          or Public Company shall disclose this
                                                                                          matter; and
               h)   perubahan komposisi anggota Direksi           56-57              h)   Changes in the composition of the
                    dan alasan perubahannya. Dalam hal                                    members of the Board of Directors
                    tidak terdapat perubahan komposisi                                    and the reasons for the changes. In the
                    anggota Direksi, maka diungkapkan                                     event that there is no change in the
                    mengenai hal tersebut;                                                composition of the members of the
                                                                                          Board of Directors, this matter shall be
                                                                                          disclosed;
           10) Profil Dewan Komisaris, paling sedikit             96-99         10) The Board of Commissioners profiles, at
               memuat:                                                              least include:
               a)   Nama;                                         96-99              a)   Name;
               b)   Foto terbaru;                                 96-99              b)   Latest photograph;
               c)   Usia;                                         96-99              c)   Age;
               d)   Kewarganegaraan;                              96-99              d)   Citizenship;
               e)   Riwayat pendidikan;                           96-99              e)   Education;
               f)   Riwayat jabatan, meliputi informasi:          96-99              f)   History position, covering information
                                                                                          on:
                    (1) Dasar hukum penunjukan sebagai            96-99                   (1)    Legal basis for the appointment
                        anggota Dewan Komisaris yang                                             as member of the Board of
                        bukan merupakan Komisaris                                                Commissioners who is not
                        Independen     pada    Emiten                                            Independent Commissioner
                        atau Perusahaan Publik yang                                              at the said Issuer or Public
                        bersangkutan;                                                            Company;




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         (2) Dasar    hukum     penunjukan            96-99                         (2)   Legal bases for the first
             pertama       kali     sebagai                                               appointment as member of
             anggota    Dewan     Komisaris                                               the Board of Commissioners
             yang merupakan Komisaris                                                     who       also     Independent
             Independen     pada    Emiten                                                Commissioner at the said
             atau Perusahaan Publik yang                                                  Issuer or Public Company;
             bersangkutan;
         (3) Rangkap jabatan, baik sebagai            96-99                         (3)   Dual position; as member of
             anggota      Dewan      Komisaris,                                           the Board of Commissioners,
             anggota       Direksi,   dan/atau                                            member of the Board of Directors,
             anggota komite serta jabatan                                                 and/or member of committee
             lainnya (jika ada); dan                                                      and other position (if any); and
         (4) Pengalaman    kerja    beserta           96-99                         (4)   Working     experience    and
             periode waktunya baik di dalam                                               period in and outside the
             maupun di luar Emiten atau                                                   Issuer or Public Company;
             Perusahaan Publik;
    g)   Hubungan afiliasi dengan anggota         96-99, 316-317               g)   Affiliation with other members of
         Dewan Komisaris lainnya, pemegang                                          the Board of Commissioners, major
         saham utama, dan pengendali baik                                           shareholders, and controllers either
         langsung maupun tidak langsung                                             directly or indirectly to individual
         sampai kepada pemilik individu,                                            owners, including names of affiliated
         meliputi nama pihak yang terafilias                                        parties; In the event that a member
                                                                                    of the Board of Commissioners has
                                                                                    no affiliation, the Issuer or Public
                                                                                    Company shall disclose this matter;
    h)   Pernyataan independensi Komisaris          96-99, 284                 h)   Statement of independence of
         Independen dalam hal Komisaris                                             Independent Commissioner in
         Independen telah menjabat lebih dari                                       the event that the Independent
         2 (dua) periode (jika ada);                                                Commissioner has been appointed
                                                                                    more than 2 (two) periods (if any);
    i)   Perubahan komposisi anggota Dewan             43                      i)   Changes in the composition of
         Komisaris dan alasan perubahannya.                                         the members of the Board of
         Dalam hal tidak terdapat perubahan                                         Commissioners and the reasons for
         komposisi anggota Dewan Komisaris,                                         the changes. In the event that there
         maka diungkapkan mengenai hal                                              is no change in the composition
         tersebut;                                                                  of the members of the Board of
                                                                                    Commissioners, this matter shall be
                                                                                    disclosed;
11) Dalam hal terdapat perubahan susunan            43, 56-57             11) In the event that there were changes
    anggota Direksi dan/atau anggota Dewan                                    in the composition of the Board of
    Komisaris yang terjadi setelah tahun buku                                 Commissioners and/or the Board of
    berakhir sampai dengan batas waktu                                        Directors occurring between the period
    penyampaian Laporan Tahunan, susunan                                      after year-end until the date the Annual
    yang dicantumkan dalam Laporan Tahunan                                    Report submitted, then the last and
    adalah susunan anggota Direksi dan/atau                                   the previous composition of the Board
    anggota Dewan Komisaris yang terakhir                                     of Commissioners and/or the Board of
    dan sebelumnya;                                                           Directors shall be stated in the Annual
                                                                              Report;
12) Jumlah karyawan menurut jenis kelamin,           111-112              12) Number of employees by gender, position,
    jabatan, usia, tingkat pendidikan, dan                                    age, education level, and employment
    status ketenagakerjaan (tetap/kontrak)                                    status (permanent/contracted) in the fiscal
    dalam tahun buku;                                                         year; Disclosure of information can be
                                                                              presented in tabular form.
13) Nama pemegang saham dan persentase                 113                13) Names of shareholders and ownership
    kepemilikan pada akhir tahun buku, yang                                   percentage at the end of the fiscal year,
    terdiri dari:                                                             including:
    a)   Pemegang saham yang memiliki                  113                     a)   Shareholders having 5% (five
         5% (lima persen) atau lebih saham                                          percent) or more shares of Issuer or
         Emiten atau Perusahaan Publik;                                             Public Company;




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                b)   Anggota Direksi dan anggota Dewan        114, 116        b)    Commissioners and Directors who
                     Komisaris yang memiliki saham                                  own shares of the Issuers or Public
                     Emiten atau Perusahaan Publik; dan                             Company; and

                c)   Kelompok      pemegang    saham          113-114         c)    Groups of public shareholders,
                     masyarakat,     yaitu  kelompok                                or groups of shareholders, each
                     pemegang saham yang masing-                                    with less than 5% (five percent)
                     masing memiliki kurang dari 5%                                 ownership shares of the Issuers or
                     (lima persen) saham emiten atau                                Public Company;
                     perusahaan publik;
           14) Persentase kepemilikan tidak langsung            116      14) The percentage of indirect ownership of
               atas saham Emiten atau Perusahaan Publik                      the shares of the Issuer or Public Company
               oleh anggota Direksi dan anggota Dewan                        by members of the Board of Directors and
               Komisaris pada awal dan akhir tahun buku,                     members of the Board of Commissioners
               termasuk informasi mengenai pemegang                          at the beginning and end of the fiscal year,
               saham yang terdaftar dalam daftar                             including information on shareholders
               pemegang saham untuk kepentingan                              registered in the shareholder register
               kepemilikan tidak langsung anggota Direksi                    for the benefit of indirect ownership of
               dan anggota Dewan Komisaris;                                  members of the Board of Directors and
                                                                             members of the Board of Commissioners;
           15) Jumlah pemegang saham dan persentase             115      15) Number of shareholders and ownership
               kepemilikan per akhir tahun buku                              percentage at the end of the fiscal year,
               berdasarkan klasifikasi:                                      based on:
                a)   Kepemilikan institusi lokal;               115           a)    Ownership of local institutions;
                b)   Kepemilikan institusi asing;               115           b)    Ownership of foreign institutions;
                c)   Kepemilikan individu lokal; dan            115           c)    Ownership of local individual; and
                d)   Kepemilikan individu asing;                115           d)    Ownership of foreign individual;
           16) Informasi mengenai pemegang saham                113      16) Information on major shareholders and
               utama dan pengendali Emiten atau                              controlling shareholders the Issuers of
               Perusahaan Publik, baik langsung maupun                       Public Company, directly or indirectly, and
               tidak langsung, sampai kepada pemilik                         also individual shareholder, presented in
               individu, yang disajikan dalam bentuk                         the form of scheme or diagram;
               skema atau bagan;
           17) Nama entitas anak, perusahaan asosiasi,        118-127    17) Name of subsidiaries, associated
               perusahaan ventura bersama dimana                             companies, joint venture controlled by
               Emiten atau Perusahaan Publik memiliki                        Issuers or Public Company, with entity,
               pengendalian bersama entitas, beserta                         percentage of stock ownership, line of
               persentase kepemilikan saham, bidang                          business, total assets and operating
               usaha, total aset, dan status operasi Emiten                  status of the Issuers of Public Company
               atau Perusahaan Publik tersebut (jika ada);                   (if any);

                Untuk entitas anak, ditambahkan informasi     118-127         For subsidiaries, include the addresses of
                mengenai alamat entitas anak tersebut;                        the said subsidiaries;

           18) Kronologi pencatatan saham, jumlah             128-129    18) Chronology of share listing, number of
               saham, nilai nominal, dan harga penawaran                     shares, par value, and bid price from
               dari awal pencatatan hingga akhir tahun                       the beginning of listing up to the end
               buku serta nama Bursa Efek dimana saham                       of the financial year, and name of Stock
               Emiten atau Perusahaan Publik dicatatkan                      Exchange where the Issuers of Public
               (jika ada);                                                   Company shares are listed;
           19) Informasi pencatatan efek lainnya selain         129      19) Other securities listing information other
               efek sebagaimana dimaksud pada angka                          than the securities as referred to in
               18), yang belum jatuh tempo pada tahun                        number 18), which have not yet matured
               buku paling sedikit memuat nama efek,                         in the fiscal year, at least contain the name
               tahun penerbitan, tingkat suku bunga/                         of the securities, year of issue, interest
               imbal hasil, tanggal jatuh tempo, nilai                       rate/yield, maturity date, offering value,
               penawaran, dan peringkat efek (jika ada);                     and securities rating (if any);




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   20) Informasi penggunaan jasa akuntan                130            20) Information on the use of a Public
       publik (AP) dan kantor akuntan publik                               Accountant (AP) and a Public Accounting
       (KAP) beserta jaringan/asosiasi/aliansinya                          firm (KAP) services and their networks/
       meliputi:                                                           associations/alliances include:
        a)   nama dan alamat;                           130                 a)   name and address;
        b)   periode penugasan;                         130                 b)   period of assignment;
        c)   informasi jasa audit dan/atau non          130                 c)   informasi jasa audit dan/atau non
             audit yang diberikan;                                               audit yang diberikan;
        d)   biaya jasa (fee) audit dan/atau            130                 d)   Audit and/or non-audit fees for
             non audit untuk masing-masing                                       each assignment given during the
             penugasan yang diberikan selama                                     fiscal year; and
             tahun buku; dan
        e)   dalam hal AP dan KAP beserta               130                 e)   In the event that AP and KAP and
             jaringan/asosiasi/aliansinya, yang                                  their network/association/alliance,
             ditunjuk tidak memberikan jasa non                                  which are appointed do not provide
             audit, maka diungkapkan mengenai                                    non-audit services, then the
             informasi tersebut; dan                                             information is disclosed; and
   21) Nama dan alamat lembaga dan/atau                 131           21)   Name and address of capital market
       profesi penunjang pasar modal selain AP                              supporting       institutions    and/or
       dan KAP;                                                             professionals other than AP and KAP
f. Analisis dan Pembahasan Manajemen                    175        f. Management Discussion and Analysis
   Analisis dan pembahasan manajemen memuat             175           Management Analysis and Discussion Annual
   analisis dan pembahasan mengenai laporan                           should contain discussion and analysis on
   keuangan dan informasi penting lainnya dengan                      financial statements and other material
   penekanan pada perubahan material yang                             information emphasizing material changes that
   terjadi dalam tahun buku, yaitu paling sedikit                     occurred during the year under review, at least
   memuat:                                                            including:
   1)   Tinjauan operasi per segmen operasi             182            1)   Operational review per business segment,
        sesuai dengan jenis industri Emiten                                 according to the type of industry of the
        atau Perusahaan Publik, paling sedikit                              Issuer or Public Company including:
        mengenai:
        a)   Produksi, yang meliputi proses,          182-209               a)   Production, including      process,
             kapasitas, dan perkembangannya;                                     capacity, and growth;
        b)   Pendapatan/penjualan; dan                182-209               b)   Income/sales; and
        c)   Profitabilitas;                          182-209               c)   Profitability;
   2)   Kinerja keuangan komprehensif yang              210            2)   comprehensive financial performance
        mencakup perbandingan kinerja keuangan                              analysis which includes a comparison
        dalam 2 (dua) tahun buku terakhir,                                  between the financial performance
        penjelasan tentang penyebab adanya                                  of the last 2 (two) fiscal years, and
        perubahan dan dampak perubahan                                      explanation on the causes and effects of
        tersebut, paling sedikit mengenai:                                  such changes, among others concerning:

        a)   Aset lancar, aset tidak lancar, dan      210-213               a)   Current assets, non-current assets,
             total aset;                                                         and total assets;
        b)   Liabilitas jangka pendek, liabilitas     213-215               b)   Short term liabilities, long term
             jangka panjang, dan total liabilitas;                               liabilities, total liabilities;
        c)   Ekuitas;                                 215-216               c)   Equities;
        d)   Pendapatan/penjualan, beban, laba        216-221               d)   Sales/operating           revenues,
             (rugi), penghasilan komprehensif lain,                              expenses and profit (loss), other
             dan total laba (rugi) komprehensif;                                 comprehensive revenues, and total
             dan                                                                 comprehensive profit (loss); and
        e)   Arus kas                                 222-224               e)   Cash flows
   3)   Kemampuan membayar utang dengan               224-225          3)   The capacity to pay debts by including
        menyajikan perhitungan rasio yang relevan;                          the computation of relevant ratios;




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           4)   Tingkat kolektibilitas piutang emiten atau      226     4)   Accounts receivable collectability of the
                perusahaan publik dengan menyajikan                          Issuer or Public Company, including the
                perhitungan rasio yang relevan;                              computation of the relevant ratios;

           5)   Struktur modal (capital structure) dan        226-227   5)   Capital structure and management
                kebijakan manajemen atas struktur modal                      policies concerning capital structure,
                (capital structure) tersebut disertai dasar                  including the basis for determining the
                penentuan kebijakan dimaksud;                                said policy;

           6)   Bahasan mengenai ikatan yang material           228     6)   discussion on material ties for the
                untuk investasi barang modal dengan                          investment of capital goods, including
                penjelasan paling sedikit meliputi:                          the explanation on at least:
                a)   Tujuan dari ikatan tersebut;                -           a)   The purpose of such ties;
                b)   Sumber dana yang diharapkan untuk           -           b)   Source of funds expected to fulfill
                     memenuhi ikatan tersebut;                                    the said ties;
                c)   Mata uang yang menjadi denominasi;          -           c)   Currency of denomination; and
                     dan
                d)   Langkah yang direncanakan emiten            -           d)   Steps taken by the Issuer of Public
                     atau perusahaan publik untuk                                 Company to protect the position of
                     melindungi risiko dari posisi mata                           a related foreign currency against
                     uang asing yang terkait;                                     risks;
           7)   Bahasan mengenai investasi barang modal       228-229   7)   Discussion on investment of capital
                yang direalisasikan dalam tahun buku                         goods which was realized in the last fiscal
                terakhir, paling sedikit meliputi:                           year, at least include:
                a)   Jenis investasi barang modal;            228-229        a)   Type of investment of capital goods;
                b)   Tujuan investasi barang modal; dan       228-229        b)   Objective of the investment of
                                                                                  capital goods; and
                c)   Nilai investasi barang modal yang        228-229        c)   Value of the investment of capital
                     dikeluarkan;                                                 goods;
           8)   Informasi dan fakta material yang terjadi       232     8)   Material    Information       and facts
                setelah tanggal laporan akuntan (jika ada);                  that occurring after the date of the
                                                                             accountant’s report (if any);
           9)   Prospek usaha dari emiten atau                233-234   9)   Information on the prospects of the
                perusahaan publik dikaitkan dengan                           Issuer or the Company in connection
                kondisi industri, ekonomi secara umum                        with industry,economy in general,
                dan pasar internasional disertai data                        accompanied          with         supporting
                pendukung kuantitatif dari sumber data                       quantitative data if there is a reliable data
                yang layak dipercaya;                                        source;
           10) Perbandingan antara target/proyeksi pada       230-232   10) Comparison between target/projection at
               awal tahun buku dengan hasil yang dicapai                    beginning of year and result (realization),
               (realisasi), mengenai:                                       concerning:
                a)   Pendapatan/penjualan;                    230-232        a)   Income/sales;
                b)   Laba (rugi);                             230-232        b)   Profit (loss);
                c)   Struktur modal (capital structure);      230-232        c)   Capital structure; or
                d)   Kebijakan dividen; atau                  230-232        d)   Dividend policy; or
                e)   Hal lainnya yang dianggap penting        230-232        e)   Others that deemed necessary for
                     bagi Emiten atau Perusahaan Publik;                          the Issuer or Public Company;

           11) Target/proyeksi yang ingin dicapai Emiten      230-232   11) Target/projection at most for the next
               atau Perusahaan Publik untuk 1 (satu)                        one year of the Issuer or Public Company,
               tahun mendatang, mengenai:                                   concerning:
                a)   Pendapatan/penjualan;                    230-232        a)   Income/sales;
                b)   Laba (rugi);                             230-232        b)   Profit (loss);
                c)   Struktur modal (capital structure);      230-232        c)   Capital structure; or
                d)   Kebijakan dividen; atau                  230-232        d)   Dividend policy;




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    e)   Hal lainnya yang dianggap penting          230-232                  e)   Or others that deemed necessary
         bagi Emiten atau Perusahaan Publik;                                      for the Issuer or Public Company;

12) Aspek pemasaran atas barang dan/atau            234-236             12) Marketing aspects of the company’s
    jasa Emiten atau Perusahaan Publik, paling                              products and/or services the Issuer or
    sedikit mengenai strategi pemasaran dan                                 Public Company, among others marketing
    pangsa pasar;                                                           strategy and market share;
13) Uraian mengenai dividen selama 2 (dua)          237-238             13) Description regarding the dividend policy
    tahun buku terakhir (jika ada), paling                                  during the last 2 (two) fiscal years, at
    sedikit:                                                                least:
    a)   Kebijakan dividen;                         237-238                  a)   Dividend policy;
    b)   Tanggal pembayaran dividen kas dan/        237-238                  b)   The date of the payment of cash
         atau tanggal distribusi dividen non                                      dividend and/or date of distribution
         kas;                                                                     of non-cash dividend;
    c)   Jumlah dividen per saham (kas dan/         237-238                  c)   Amount of cash per share (cash
         atau non kas); dan                                                       and/or non cash); and
    d)   Jumlah dividen per tahun yang              237-238                  d)   Amount of dividend per year paid;
         dibayar;
    Dalam hal Emiten atau Perusahaan Publik            –                     Disclosure of information can be
    tidak membagikan dividen dalam 2                                         presented in tabular form. In the event
    (dua) tahun terakhir, maka diungkapkan                                   that the Issuer or Public Company does
    mengenai hal tersebut.                                                   not distribute dividends in the last 2 (two)
                                                                             years, this matter shall be disclosed.
14) Realisasi  penggunaan   dana     hasil            229               14) Use of proceeds from Public Offerings,
    Penawaran Umum, dengan ketentuan:                                       under the condition of:
    a)   Dalam hal selama tahun buku, Emiten           –                     a)   during the year under review, on
         memiliki kewajiban menyampaikan                                          which the Issuer has the obligation
         laporan     realisasi   penggunaan                                       to report the realization of the use
         dana, maka diungkapkan realisasi                                         of proceeds, then the realization of
         penggunaan dana hasil Penawaran                                          the cumulative use of proceeds until
         Umum secara kumulatif sampai                                             the year end should be disclosed;
         dengan akhir tahun buku; dan                                             and

    b)   Dalam hal terdapat perubahan                  –                     b)   In the event that there were
         penggunaan dana sebagaimana                                              changes in the use of proceeds as
         diatur dalam Peraturan Otoritas Jasa                                     stipulated in the Regulation of the
         Keuangan tentang Laporan Realisasi                                       Financial Services Authority on the
         Penggunaan Dana Hasil Penawaran                                          Report of the Utilization of Proceeds
         Umum, maka Emiten menjelaskan                                            from Public Offering, then Issuer
         perubahan tersebut;                                                      should explain the said changes;
15) Informasi material (jika ada), antara lain    229, 239-242          15) Material information (if any), among
    mengenai investasi, ekspansi, divestasi,                                others concerning investment, expansion,
    penggabungan/peleburan usaha, akuisisi,                                 divestment, acquisition, debt/capital
    restrukturisasi utang/modal, transaksi                                  restructuring, transactions with related
    Afiliasi, dan transaksi yang mengandung                                 parties and transactions with conflict of
    benturan kepentingan, yang terjadi pada                                 interest that occurred during the year
    tahun buku, antara lain memuat:                                         under review, among others include:
    a)   Tanggal, nilai, dan objek transaksi;       239-242                  a)   Transaction date, value, and object;
    b)   Nama pihak           yang   melakukan      239-242                  b)   Name of transacting parties;
         transaksi;
    c)   Sifat hubungan Afiliasi (jika ada);        239-242                  c)   Nature of related parties (if any);
    d)   Penjelasan mengenai          kewajaran     239-242                  d)   Description of the fairness of the
         transaksi; dan                                                           transaction; and
    e)   Pemenuhan ketentuan terkait;               239-242                  e)   Compliance with related rules and
                                                                                  regulations;




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               f)   dalam hal terdapat hubungan afiliasi,     239-242        f)   In the event that there is an
                    selain mengungkapkan informasi                                affiliation relationship, apart from
                    sebagaimana     dimaksud     dalam                            disclosing the information as
                    huruf a) sampai dengan huruf e),                              referred to in letter a) to letter e),
                    Emiten atau Perusahaan Publik juga                            the Issuer or Public Company also
                    mengungkapkan informasi:                                      discloses information:

                    1)   Pernyataan      Direksi    bahwa     239-242             1)   A statement from the Board
                         transaksi afiliasi telah melalui                              of Directors that the affiliate
                         prosedur yang memadai untuk                                   transaction has gone through
                         memastikan bahwa transaksi                                    adequate      procedures     to
                         afiliasi  dilaksanakan     sesuai                             ensure that the affiliate
                         dengan praktik bisnis yang                                    transaction is carried out in
                         berlaku umum antara lain                                      accordance with generally
                         dilakukan dengan memenuhi                                     accepted business practices,
                         prinsip transaksi yang wajar                                  by complying with the arms-
                         (arms-length principle); dan                                  length principle; and

                    2)   Peran Dewan Komisaris dan            239-242             2)   The role of the Board of
                         komite audit dalam melakukan                                  Commissioners     and    the
                         prosedur yang memadai untuk                                   audit committee in carrying
                         memastikan bahwa transaksi                                    out adequate procedures
                         afiliasi dilaksanakan    sesuai                               to ensure that affiliated
                         dengan praktik bisnis yang                                    transactions are carried out
                         berlaku umum antara lain                                      in accordance with generally
                         dilakukan dengan memenuhi                                     accepted business practices,
                         prinsip transaksi yang wajar                                  by complying with the arms-
                         (arms-length principle);                                      length principle;

               g)   Dalam hal transaksi afiliasi atau         239-242        g)   For affiliated transactions or material
                    transaksi material dimaksud telah                             transactions which are business
                    diungkapkan dalam laporan keuangan                            activities carried out to generate
                    tahunan, ditambahkan informasi                                business income and are carried
                    mengenai rujukan pengungkapan                                 out regularly, repeatedly, and/or
                    dalam laporan keuangan tahunan                                continuously, an explanation is added
                    tersebut.                                                     that the affiliated transactions or
                                                                                  material transactions are business
                                                                                  activities carried out to generate
                                                                                  operating income. and run regularly,
                                                                                  repeatedly, and/or continuously;
               h)   Untuk      pengungkapan      transaksi       -           h)   For      disclosure     of   affiliated
                    afiliasi dan/atau transaksi benturan                          transactions and/or conflict of
                    kepentingan yang merupakan hasil                              interest transactions resulting from
                    pelaksanaan transaksi afiliasi dan/                           the implementation of affiliated
                    atau transaksi benturan kepentingan                           transactions and/or conflict of
                    yang telah disetujui pemegang saham                           interest transactions that have
                    independen, ditambahkan informasi                             been approved by independent
                    mengenai tanggal pelaksanaan RUPS                             shareholders,               additional
                    yang menyetujui transaksi afiliasi dan/                       information regarding the date
                    atau transaksi benturan kepentingan                           of the GMS which approved the
                    tersebut;                                                     affiliated     transactions    and/or
                                                                                  conflict of interest transactions is
                                                                                  added;
               i)   Dalam hal tidak terdapat transaksi           -           i)   In the event that there is no
                    afiliasi dan/atau transaksi benturan                          affiliated transaction and/or conflict
                    kepentingan, maka diungkapkan                                 of interest transaction, then this
                    mengenai hal tersebut;                                        shall be disclosed;
           16) Perubahan       ketentuan       peraturan        242     16) Changes in regulation which have a
               perundang-undangan yang berpengaruh                          significant effect on the Issuer or Public
               signifikan   terhadap     Emiten      atau                   Company and impacts on the company (if
               Perusahaan Publik dan dampaknya                              any); and
               terhadap laporan keuangan (jika ada); dan




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     17) Perubahan kebijakan akuntansi, alasan dan          243                17) Changes in the accounting policy,
         dampaknya terhadap laporan keuangan                                       rationale and impact on the financial
         (jika ada);                                                               statement (if any);
g.   Tata Kelola Emiten atau Perusahaan Publik              247           g.   Corporate Governance of the Issuer or Public
                                                                               Company
     Tata kelola Emiten atau Perusahaan Publik paling                          Corporate Governance of the Issuer or Public
     sedikit memuat uraian singkat mengenai:                                   Company contains at least:

     1)   RUPS, paling sedikit memuat:                      258                 1)   GMS, at least contains:
          a)   Informasi mengenai keputusan RUPS          261-271                    a)   Information        regarding    the
               pada tahun buku dan 1 (satu) tahun                                         resolutions of the GMS in the fiscal
               sebelum tahun buku meliputi:                                               year and 1 (one) year prior to the
                                                                                          fiscal year include:
               1)   keputusan RUPS pada tahun             261-271                         1)    Resolutions of the GMS in the
                    buku dan 1 (satu) tahun sebelum                                             fiscal year and 1 (one) year
                    tahun buku yang direalisasikan                                              before the fiscal year realized
                    pada tahun buku; dan                                                        in the fiscal year; and

               2)   keputusan RUPS pada tahun             272-279                         2)    Resolutions of the GMS in the
                    buku dan 1 (satu) tahun                                                     fiscal year and 1 (one) year
                    sebelum tahun buku yang belum                                               before the fiscal year that
                    direalisasikan beserta alasan                                               have not been realized and the
                    belum direalisasikan;                                                       reasons for not realizing them;
          b)   dalam hal Emiten atau Perusahaan         259, 265, 273                b)   In the event that the Issuer or Public
               Publik    menggunakan        pihak                                         Company uses an independent
               independen dalam pelaksanaan RUPS                                          party in the conduct of the GMS to
               untuk melakukan perhitungan suara,                                         calculate the votes, then this matter
               maka diungkapkan mengenai hal                                              shall be disclosed;
               tersebut;
     2)   Direksi, mencakup antara lain:                    300                 2)   The Board of Directors, covering:
          a)   Tugas dan tanggung jawab masing-           304-309                    a)   The tasks and responsibilities of each
               masing anggota Direksi;                                                    member of the Board of Directors;
          b)   Pernyataan bahwa Direksi memiliki          303-304                    b)   Statement that the Board of
               pedoman atau piagam (charter)                                              Directors has already have board
               Direksi;                                                                   manual or charter;
          c)   Kebijakan dan pelaksanaan tentang          322-326                    c)   Policies and implementation of
               frekuensi rapat Direksi, termasuk                                          the frequency of meetings of the
               rapat bersama Dewan Komisaris, dan                                         Board of Directors, meetings of the
               tingkat kehadiran anggota Direksi                                          Board of Directors with the Board
               dalam rapat tersebut termasuk                                              of Commissioners, and the level
               tingkat kehadiran dalam RUPS;                                              of attendance of members of the
                                                                                          Board of Directors in the meeting
                                                                                          including attendance at the GMS;
          d)   pelatihan dan/atau peningkatan             310-311                    d)   Training    and/or  competency
               kompetensi anggota Direksi:                                                development of members of the
                                                                                          Board of Directors:
               (1) kebijakan pelatihan dan/atau           310-311                         (1)   Policies for training and/or
                   peningkatan kompetensi anggota                                               improving the competence
                   Direksi,   termasuk   program                                                of members of the Board
                   orientasi bagi anggota Direksi                                               of Directors, including an
                   yang baru diangkat (jika ada);                                               orientation program for newly
                   dan                                                                          appointed members of the
                                                                                                Board of Directors (if any); and
               (2) pelatihan dan/atau peningkatan         310-311                         (2)   Training and/or competency
                   kompetensi yang diikuti anggota                                              improvement attended by
                   Direksi dalam tahun buku (jika                                               members of the Board of
                   ada);                                                                        Directors in the fiscal year (if
                                                                                                any);




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                e)   penilaian Direksi terhadap kinerja           314               e)   The Board of Directors’ assessment
                     komite yang mendukung pelaksanaan                                   of the performance of the
                     tugas Direksi pada tahun buku paling                                committees that support the
                     sedikit memuat:                                                     implementation of the Board of
                                                                                         Directors’ duties for the fiscal year
                                                                                         shall at least contain:
                     (1) prosedur penilaian kinerja; dan           -                     (1)   Performance           appraisal
                                                                                               procedures; and
                     (2) kriteria yang digunakan seperti           -                     (2)   The    criteria    used   are
                         capaian kinerja selama tahun                                          performance      achievements
                         buku, kompetensi dan kehadiran                                        during the fiscal year, are
                         dalam rapat; dan                                                      competence and attendance
                                                                                               at meetings; and
                f)   dalam hal Emiten atau Perusahaan             314               f)   In the event that the Issuer or
                     Publik tidak memiliki komite yang                                   Public Company does not have
                     mendukung       pelaksanaan  tugas                                  a committee that supports the
                     Direksi, maka diungkapkan mengenai                                  implementation of the duties of the
                     hal tersebut.                                                       Board of Directors, this matter shall
                                                                                         be disclosed.
           3)   Dewan Komisaris, mencakup antara lain:            280          3)   The Board of Commissioners, among
                                                                                    others include:
                a)   Tugas dan tanggung jawab Dewan             286-287             a)   Duties and responsibilities of the
                     Komisaris;                                                          Board of Commissioners;
                b)   Pernyataan bahwa Dewan Komisaris             286               b)   Statement that the Board of
                     memiliki pedoman atau piagam                                        Commissioners has already have
                     (charter) Dewan Komisaris;                                          the board manual or charter;
                c)   Kebijakan dan pelaksanaan tentang      318-321, 326-328        c)   Policies and implementation of the
                     frekuensi rapat Dewan Komisaris,                                    frequency of meetings of the Board
                     termasuk rapat bersama Direksi, dan                                 of Commissioners, meetings of the
                     tingkat kehadiran anggota Dewan                                     Board of Commissioners with the
                     Komisaris dalam rapat tersebut                                      Board of Directors and the level of
                     termasuk tingkat kehadiran dalam                                    attendance of members of the Board
                     RUPS;;                                                              of Commissioners in these meetings
                                                                                         including attendance at the GMS;
                d)   pelatihan dan/atau peningkatan               295               d)   Training    and/or      competency
                     kompetensi    anggota   Dewan                                       improvement of members of the
                     Komisaris:                                                          Board of Commissioners:
                     (1) kebijakan pelatihan dan/atau             295                    (1)   Policy on competency training
                         peningkatan kompetensi anggota                                        and/or development of members
                         Dewan Komisaris, termasuk                                             of the Board of Commissioners,
                         program orientasi bagi anggota                                        including orientation programs
                         Dewan Komisaris yang baru                                             for newly appointed members
                         diangkat (jika ada); dan                                              of the Board of Commissioners
                                                                                               (if any); and
                     (2) pelatihan dan/atau peningkatan           295                    (2)   Competency training and/
                         kompetensi yang diikuti anggota                                       or     development    attended
                         Dewan Komisaris dalam tahun                                           by members of the Board of
                         buku (jika ada);                                                      Commissioners in the fiscal year
                                                                                               (if any);
                e)   penilaian terhadap kinerja anggota         331-333             e)   The assessment on the performance
                     Direksi dan anggota Dewan Komisaris                                 of the Board of Directors and
                     dan pelaksanaannya, paling sedikit                                  Board of Commissioners and the
                     memuat:                                                             implementation, at least covering:
                     (1) Prosedur pelaksanaan penilaian         331-333                  (1)   procedure for the implementation
                         kinerja;                                                              of performance assessment;
                     (2) Kriteria yang digunakan seperti        331-333                  (2)   Criteria used are performance
                         capaian kinerja selama tahun                                          achievements during the
                         buku, kompetensi dan kehadiran                                        fiscal year, competency and
                         dalam rapat; dan                                                      attendance at meetings; and




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          (3) Pihak yang melakukan penilaian;     331-333                    (3)   Assessor;

     f)   penilaian Dewan Komisaris terhadap      298-299               f)   Board       of     Commissioners’
          kinerja Komite yang mendukung                                      assessment of the performance of
          pelaksanaan tugas Dewan Komisaris                                  the Committees that support the
          pada tahun buku meliputi:                                          implementation of the duties of the
                                                                             Board of Commissioners in the fiscal
                                                                             year includes:
          (1) prosedur penilaian kinerja; dan     298-299                    (1)   Performance             appraisal
                                                                                   procedures; and
          (2) kriteria yang digunakan seperti     298-299                    (2)   The criteria used are performance
              capaian kinerja selama tahun                                         achievements        during    the
              buku, kompetensi dan kehadiran                                       fiscal year, competency and
              dalam rapat;                                                         attendance at meetings;
4)   Nominasi dan remunerasi Direksi dan            333            4)   The nomination and remuneration of
     Dewan Komisaris, paling sedikit memuat:                            the Board of Directors and the Board of
                                                                        Commissioners shall at least contain:
     a)   prosedur nominasi, meliputi uraian      333-334               a)   Nomination procedure, including
          singkat mengenai kebijakan dan                                     a brief description of the policies
          proses nominasi anggota Direksi dan/                               and process for nomination of
          atau anggota Dewan Komisaris; dan                                  members of the Board of Directors
                                                                             and/or members of the Board of
                                                                             Commissioners; and
     b)   prosedur       dan      pelaksanaan     334-337               b)   Procedures and implementation
          remunerasi Direksi dan Dewan                                       of remuneration for the Board
          Komisaris, antara lain:                                            of Directors and the Board of
                                                                             Commissioners, among others:
          (1) prosedur penetapan remunerasi       334-337                    (1)   Procedures for determining
              Direksi dan Dewan Komisaris;                                         remuneration for the Board
                                                                                   of Directors and the Board of
                                                                                   Commissioners;
          (2) struktur remunerasi Direksi dan     334-337                    (2)   The remuneration structure of
              Dewan Komisaris seperti, gaji,                                       the Board of Directors and the
              tunjangan, tantiem/bonus dan                                         Board of Commissioners such
              lainnya; dan                                                         as salary, allowances, tantiem/
                                                                                   bonus and others; and
          (3) besarnya remunerasi masing-         334-337                    (3)   The amount of remuneration
              masing anggota Direksi dan                                           for each member of the Board
              anggota Dewan Komisaris;                                             of Directors and member of
                                                                                   the Board of Commissioners
5)   Dewan Pengawas Syariah, bagi Emiten             -             5)   Sharia Supervisory Board, for Issuer or
     atau Perusahaan Publik yang menjalankan                            Public Company that conduct business
     kegiatan usaha berdasarkan prinsip syariah                         based on sharia law, as stipulated in the
     sebagaimana tertuang dalam anggaran                                articles of association, at least containing:
     dasar, paling sedikit memuat:
     a)   nama;                                      -                  a)   name;
     b)   dasar hukum pengangkatan dewan             -                  b)   Legal basis for the appointment of
          pengawas syariah;                                                  the sharia supervisory board;
     c)   periode penugasan dewan pengawas           -                  c)   Period of assignment of the sharia
          syariah;                                                           supervisory board;
     d)   tugas dan tanggung jawab Dewan             -                  d)   duty and responsibility of Sharia
          Pengawas Syariah; dan                                              Supervisory Board; and
     e)   frekuensi dan cara pemberian               -                  e)   frequency and procedure in
          nasihat dan saran serta pengawasan                                 providing advice and suggestion,
          pemenuhan Prinsip Syariah di                                       as well as the compliance of Sharia
          Pasar Modal terhadap Emiten atau                                   Principles by the Issuer or Public
          Perusahaan Publik;                                                 Company in the Capital Market;
6)   Komite Audit, mencakup antara lain:            338            6)   Audit Committee, among others covering:




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                a)   Nama dan jabatannya            dalam       339          a)   Name and          position    in   the
                     keanggotaan komite;                                          committee;
                b)   Usia;                                    340-341        b)   Age;
                c)   Kewarganegaraan;                         340-341        c)   Citizenship;
                d)   Riwayat pendidikan;                      340-341        d)   Education background;
                e)   Riwayat jabatan, meliputi informasi:     340-341        e)   History of position; including:
                     (1) Dasar hukum untuk pengangkatan       340-341             (1)    Legal basis for appointment as
                         sebagai anggota komite;                                         committee member;
                     (2) Rangkap jabatan, baik sebagai        340-341             (2)    Dual position, as member
                         anggota      Dewan      Komisaris,                              of Board of Commissioners,
                         anggota       Direksi,   dan/atau                               member of Board of Directors,
                         anggota komite serta jabatan                                    and/or member of committee,
                         lainnya (jika ada); dan                                         and other position (if any); and
                     (3) Pengalaman    kerja    beserta       340-341             (3)    working experience and period
                         periode waktunya baik di dalam                                  in and outside the Issuer or
                         maupun di luar Emiten atau                                      Public Company;
                         Perusahaan Publik;
                f)   Periode dan masa jabatan anggota           339          f)   Period and terms of office of the
                     Komite Audit;                                                member of Audit Committee;
                g)   Pernyataan    independensi    Komite       342          g)   statement of independence of the
                     Audit;                                                       Audit Committee;
                h)   Pendidikan dan/atau pelatihan yang       342-343        h)   Training     and/or      competency
                     telah diikuti dalam tahun buku (jika                         improvement that have been
                     ada); dan                                                    followed in the fiscal year (if any);
                i)   Kebijakan dan pelaksanaan tentang        347-350        i)   Policies and implementation of
                     frekuensi rapat Komite Audit dan                             the frequency of audit committee
                     tingkat kehadiran anggota Komite                             meetings and the level of
                     Audit dalam rapat tersebut;                                  attendance of audit committee
                                                                                  members in those meetings; and
                j)   Pelaksanaan kegiatan Komite Audit        351-353        j)   the activities of the Audit
                     pada tahun buku sesuai dengan yang                           Committee in the year under
                     dicantumkan dalam pedoman atau                               review, in accordance with the Audit
                     piagam (charter) Komite Audit;                               Committee Charter;
           7)   Komite atau fungsi nominasi dan                 354     7)   The nomination and remuneration
                remunerasi Emiten atau Perusahaan                            committee or function of the Issuer or
                Publik, paling sedikit memuat:                               Public Company, at least containing:
                a)   Nama dan jabatannya            dalam     356-357        a)   Name and position in committee
                     keanggotaan komite;                                          membership;
                b)   Usia;                                    356-357        b)   Age;
                c)   Kewarganegaraan;                         356-357        c)   Nationality;
                d)   Riwayat pendidikan;                      356-357        d)   Educational history;
                e)   Riwayat jabatan, meliputi informasi:     356-357        e)   Position     history,        including
                                                                                  information on:
                     (1) Dasar     hukum    penunjukan        356-357             (1)    Legal basis for appointment as
                         sebagai anggota komite;                                         committee member;
                     (2) Rangkap jabatan, baik sebagai        356-357             (2)    Concurrent positions, either
                         anggota      Dewan      Komisaris,                              as a member of the Board of
                         anggota       Direksi,   dan/atau                               Commissioners, member of
                         anggota komite serta jabatan                                    the Board of Directors, and/or
                         lainnya (jika ada); dan                                         committee member and other
                                                                                         positions (if any); and
                     (3) Pengalaman    kerja    beserta       356-357             (3)    Work experience and period of
                         periode waktunya baik di dalam                                  time both inside and outside
                         maupun di luar Emiten atau                                      the Issuer or Public Company;
                         Perusahaan Publik;




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     f)   Periode dan masa jabatan anggota           355                 f)   Period and term of office of the
          komite;                                                             committee members;
     g)   Pernyataan independensi komite;            359                 g)   Statement of committee independence;
     h)   Pendidikan dan/atau pelatihan yang       358-359               h)   Training     and/or      competency
          telah diikuti dalam tahun buku (jika                                improvement that have been
          ada); dan                                                           followed in the fiscal year (if any);
     i)   Uraian tugas dan tanggung jawab;         360-361               i)   Description      of     duties     and
                                                                              responsibilities;
     j)   Pernyataan bahwa telah memiliki          354-355               j)   A statement that it has a guideline
          pedoman atau piagam (charter)                                       or charter;
          komite;
     k)   Kebijakan dan pelaksanaan tentang        363-364               k)   Policies and implementation of the
          frekuensi rapat komite dan tingkat                                  frequency of meetings and the level
          kehadiran anggota komite dalam                                      of attendance of members at the
          rapat tersebut;                                                     meeting;
     l)   uraian singkat pelaksanaan kegiatan        365                 l)   Brief      description   of     the
          pada tahun buku; dan                                                implementation of activities in the
                                                                              fiscal year; and
     m)   dalam hal tidak dibentuk komite             -                  m) In the event that no nomination
          nominasi dan remunerasi, Emiten                                   and     remuneration       committee
          atau Perusahaan Publik cukup                                      is formed, the Issuer or Public
          mengungkapkan             informasi                               Company is sufficient to disclose the
          sebagaimana      dimaksud    dalam                                information as referred to in letter i)
          huruf i) sampai dengan huruf l) dan                               to letter l) and disclose:
          mengungkapkan:
          (1) alasan tidak dibentuknya komite;        -                       (1)    Reasons for not forming the
              dan                                                                    committee; and
          (2) pihak yang melaksanakan fungsi          -                       (2)    The party carrying out the
              nominasi dan remunerasi;                                               nomination and remuneration
                                                                                     function;
8)   Komite lain yang dimiliki Emiten atau         367-377          8)   Other committees owned by Issuers or
     Perusahaan     Publik  dalam     rangka                             Public Companies in order to support the
     mendukung fungsi dan tugas Direksi (jika                            functions and tasks of the Board of Directors
     ada) dan/atau komite yang mendukung                                 (if any) and/or committees that support
     fungsi dan tugas Dewan Komisaris, paling                            the functions and duties of the Board of
     sedikit memuat:                                                     Commissioners, the least contains:
     a)   Nama dan jabatannya            dalam     367-377               a)   Name and          position    in    the
          keanggotaan komite;                                                 Committee;
     b)   Usia;                                    367-377               b)   Age;
     c)   Kewarganegaraan;                         367-377               c)   Citizenship;
     d)   Riwayat pendidikan;                      367-377               d)   Education background;
     e)   Riwayat jabatan, meliputi informasi:                           e)   History of position, including:

          (1) Dasar     hukum    penunjukan        367-377                    (1)    Legal basis for the appointment
              sebagai anggota komite;                                                as member of the committee;
          (2) Rangkap jabatan, baik sebagai        367-377                    (2)    Dual position, as member
              anggota      Dewan      Komisaris,                                     of Board of Commissioners,
              anggota       Direksi,   dan/atau                                      member of Board of Directors,
              anggota komite serta jabatan                                           and/or member of committee,
              lainnya (jika ada); dan                                                and other position (if any); and
          (3) Pengalaman    kerja    beserta       367-377                    (3)    Working     experience    and
              periode waktunya baik di dalam                                         period in and outside the
              maupun di luar Emiten atau                                             Issuer or Public Company;
              Perusahaan Publik;
     f)   Periode dan masa jabatan anggota         367-377               f)   Period and terms of office of the
          komite;                                                             member of Audit Committee;
     g)   Pernyataan independensi komite;          367-377               g)   Statement of committee independence;




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                h)   Pendidikan dan/atau pelatihan yang       324           h)   Training    and/or      competency
                     telah diikuti dalam tahun buku (jika                        improvement that have been
                     ada); dan                                                   followed in the fiscal year (if any);
                                                                                 and
                i)   Uraian tugas dan tanggung jawab;       367-377         i)   Description      of    duties     and
                                                                                 responsibilities;
                j)   Pernyataan bahwa telah memiliki        367-377         j)   A statement that the committee has
                     pedoman atau piagam (charter)                               had guidelines or charters;
                     komite;
                k)   Kebijakan dan pelaksanaan tentang      367-377         k)   Policies and implementation of the
                     frekuensi rapat komite dan tingkat                          frequency of committee meetings
                     kehadiran anggota komite dalam                              and the level of attendance
                     rapat tersebut;                                             of committee members at the
                                                                                 meeting; and
                l)   uraian singkat pelaksanaan kegiatan    367-377         l)   A brief description of the
                     pada tahun buku; dan                                        committee’s activities for the fiscal
                                                                                 year;
           9)   Sekretaris Perusahaan, mencakup antara      367-377    9)   Corporate Secretary, including:
                lain:
                a)   nama;                                    378           a)   name;
                b)   domisili;                                380           b)   domicile;
                c)   riwayat jabatan, meliputi informasi:     380           c)   history of position, including:
                     (1) dasar hukum penunjukan sebagai       380                (1)   legal basis for the appointment
                         Sekretaris Perusahaan; dan                                    as Corporate Secretary; and

                     (2) pengalaman     kerja   beserta       380                (2)   working experience and period
                         periode waktunya baik di dalam                                in and outside the Issuer or
                         maupun di luar Emiten atau                                    Public Company;
                         Perusahaan Publik;
                d)   riwayat pendidikan;                      380           d)   education background;
                e)   pendidikan dan/atau pelatihan yang       380           e)   education and/or training during
                     diikuti dalam tahun buku; dan                               the year under review; and
                f)   uraian singkat pelaksanaan tugas         380           f)   brief    description  on    the
                     Sekretaris Perusahaan pada tahun                            implementation of duties of the
                     buku;                                                       Corporate Secretary in the year
                                                                                 under review;
           10) Unit Audit Internal, mencakup antara lain:   382-387   10)   Internal Audit Unit, among others
                                                                            including:
                a)   Nama kepala Unit Audit Internal;         388           a)   Name of Head of Internal Audit Unit;
                b)   Riwayat jabatan, meliputi informasi:     389           b)   History of position, including:
                     (1) Dasar    hukum    penunjukan         380                (1)   Legal basis for the appointment
                         sebagai Kepala Audit Internal;                                as Head of Internal Audit Unit;
                         dan                                                           and
                     (2) Pengalaman    kerja    beserta       380                (2)   Working     experience    and
                         periode waktunya baik di dalam                                period in and outside the
                         maupun di luar Emiten atau                                    Issuer or Public Company;
                         Perusahaan Publik;
                c)   Kualifikasi atau sertifikasi sebagai     380           c)   Qualification or certification as
                     profesi audit internal (jika ada);                          internal auditor (if any);
                d)   Pendidikan dan/atau pelatihan yang     384-396         d)   Education and/or training during
                     diikuti dalam tahun buku;                                   the year under review;
                e)   Struktur dan kedudukan Unit Audit        390           e)   Structure and position of Internal
                     Internal;                                                   Audit Unit;
                f)   Uraian tugas dan tanggung jawab;       391-393         f)   Description      of    duties     and
                                                                                 responsibilities;




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     g)   Pernyataan bahwa telah memiliki            391                 g)    Statement that the Internal Audit
          pedoman atau piagam (charter) Unit                                   Unit has already have Internal Audit
          Audit Internal; dan                                                  Unit charter; and
     h)   Uraian singkat pelaksanaan tugas Unit    393-394               h)    Brief description on the implementation
          Audit Internal pada tahun buku;                                      of duty of Internal Audit Unit during the
                                                                               year under review;
11) Uraian mengenai sistem pengendalian              397            11) Description on internal control system
    internal (internal control) yang diterapkan                         adopted by the Issuer or Public Company,
    oleh Emiten atau Perusahaan Publik, paling                          at least covering:
    sedikit mengenai:
     a)   Pengendalian      keuangan     dan         397                 a)    Financial and operational control,
          operasional,    serta    kepatuhan                                   and compliance to the other
          terhadap peraturan perundang-                                        prevailing rules; and
          undangan lainnya; dan
     b)   Tinjauan atas efektivitas      sistem      398                 b)    Review on the effectiveness of
          pengendalian internal;                                               internal control systems;
     c)   Pernyataan Direksi dan/atau Dewan        398-399               c)    Statement of the Board of Directors
          Komisaris atas kecukupan sistem                                      and/or Board of Commissioners on the
          pengendalian internal;                                               adequacy of the internal control system;
12) Sistem manajemen risiko yang diterapkan          399            12) Risk management system implemented
    oleh Emiten atau Perusahaan Publik, paling                          by the company, at least includes:
    sedikit mengenai:
     a)   Gambaran umum mengenai sistem            399-402               a)    General description about the
          manajemen risiko Emiten atau                                         company’s risk management system
          Perusahaan Publik;                                                   the Issuer or Public Company;
     b)   Jenis risiko dan cara pengelolaannya;    402-404               b)    Types of risk and the management;
          dan                                                                  and
     c)   Tinjauan atas efektivitas sistem         407-408               c)    Review the effectiveness of the risk
          manajemen risiko Emiten atau                                         management system applied by the
          Perusahaan Publik;                                                   Issuer or Public Company;
     d)   Pernyataan Direksi dan/atau Dewan          409                 d)    Statement of the Board of Directors
          Komisaris atau komite audit atas                                     and/or the Board of Commissioners or
          kecukupan sistem manajemen risiko;                                   the audit committee on the adequacy
                                                                               of the risk management system;
13) Perkara hukum yang berdampak material            413            13) Legal cases that have a material impact
    yang dihadapi oleh Emiten atau Perusahaan                           faced by Issuers or Public Companies,
    Publik, entitas anak, anggota Direksi dan                           subsidiaries, members of the Board of
    anggota Dewan Komisaris (jika ada), antara                          Directors and members of the Board of
    lain meliputi:                                                      Commissioners (if any), at least contain:
     a)   Pokok perkara/gugatan;                   413-414               a)    Substance of the case/claim;
     b)   Status penyelesaian perkara/gugatan;     413-414               b)    Status of settlement of case/claim;
          dan                                                                  and
     c)   Pengaruhnya terhadap kondisi Emiten      413-414               c)    Potential impacts on the condition
          atau Perusahaan Publik;                                              of the Issuer or Public Company;
14) Informasi tentang sanksi administratif yang      415            14) information       about        administrative
    dikenakan kepada Emiten atau Perusahaan                             sanctions imposed to Issuer or Public
    Publik, anggota Dewan Komisaris dan                                 Company, members of the Board
    Direksi, oleh otoritas Pasar Modal dan                              of Commissioners and the Board
    otoritas lainnya pada tahun buku (jika ada);                        of Directors, by the Capital Market
                                                                        Authority and other authorities during
                                                                        the last fiscal year (if any);
15) Informasi mengenai kode etik Emiten atau         415            15) information about codes of conduct of
    Perusahaan Publik meliputi:                                         the Issuer or Public Company, includes:
     a)   Pokok-pokok kode etik;                   415-416               a)    Key points of the code of conduct;
     b)   Bentuk sosialisasi kode etik dan upaya   416-417               b)    Socialization of the code of conduct
          penegakannya; dan                                                    and enforcement; and




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               c)   Pernyataan bahwa kode etik berlaku         417          c)   Statement that the code of
                    bagi anggota Direksi, anggota Dewan                          conduct is applicable for the Board
                    Komisaris, dan karyawan Emiten atau                          of Commissioners, the Board of
                    Perusahaan Publik;                                           Directors, and employees of the
                                                                                 Issuer of Public Company;
           16) Uraian singkat mengenai kebijakan               423     16) A brief description of the policy of
               pemberian kompensasi jangka panjang                         providing long-term performance-based
               berbasis kinerja kepada manajemen                           compensation to management and/
               dan/atau karyawan yang dimiliki oleh                        or employees owned by the Issuer or
               Emiten atau Perusahaan Publik (jika ada),                   Public Company (if any), including the
               antara lain berupa program kepemilikan                      management stock ownership program
               saham oleh manajemen (management                            (MSOP) and/or program employee stock
               stock ownership program/MSOP) dan/                          ownership (ESOP);
               atau program kepemilikan saham oleh
               karyawan (employee stock ownership
               program/ESOP); Dalam hal pemberian
               kompensasi berupa program kepemilikan
               saham oleh manajemen (management
               stock ownership program/MSOP) dan/atau
               program kepemilikan saham oleh karyawan
               (employee stock ownership program/
               ESOP), informasi yang diungkapkan paling
               sedikit memuat:

               a)   jumlah saham dan/atau opsi;                 –           a)   Number of shares and/or options;
               b)   jangka waktu pelaksanaan;                   –           b)   Implementation period;
               c)   persyaratan karyawan dan/atau               –           c)   Requirements for eligible employees
                    manajemen yang berhak; dan                                   and/or management; and
               d)   harga pelaksanaan atau penentuan            –           d)   Exercise price or determination of
                    harga pelaksanaan;                                           exercise price;
           17) Uraian singkat mengenai kebijakan             292-293   17) A brief description of the information
               pengungkapan informasi mengenai:                            disclosure policy regarding:
               a)   Kepemilikan saham anggota Direksi        292-293        a)   Share ownership of members of the
                    dan anggota Dewan Komisaris paling                           Board of Directors and members of
                    lambat 3 (tiga) hari kerja setelah                           the Board of Commissioners no later
                    terjadinya kepemilikan atau setiap                           than 3 (three) working days after
                    perubahan kepemilikan atas saham                             the occurrence of ownership or any
                    Perusahaan Terbuka; dan                                      change in ownership of shares of a
                                                                                 Public Company; and
               b)   Pelaksanaan atas kebijakan dimaksud;     292-293        b)   Implementation of the policy;
           18) Uraian mengenai sistem pelaporan                425     18) Description of whistleblowing system at
               pelanggaran (whistleblowing system) di                      the Issuer or Public Company (if any),
               Emiten atau Perusahaan Publik (jika ada),                   among others include:
               antara lain meliputi:
               a)   Cara      penyampaian          laporan   425-426        a)   Mechanism for violation reporting;
                    pelanggaran;
               b)   Perlindungan bagi pelapor;                 427          b)   Protection for the whistleblower;
               c)   Penanganan pengaduan;                      427          c)   Handling of violation reports;
               d)   Pihak yang mengelola pengaduan;            426          d)   Unit responsible for handling of
                    dan                                                          violation report; and
               e)   Hasil dari penanganan pengaduan,           427          e)   Results from violation           report
                    paling sedikit meliputi:                                     handling, at least includes:
                    (1) Jumlah pengaduan yang masuk            427               (1)   Number        of     complaints
                        dan diproses dalam tahun buku;                                 received and processed during
                        dan                                                            the fiscal year; and
                    (2) Tindak lanjut pengaduan;               427               (2)   Follow up of complaints;




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   19) Uraian mengenai kebijakan anti korupsi           421            19) A description of the anti-corruption
       Emiten atau Perusahaan Publik, paling                               policy of the Issuer or Public Company, at
       sedikit memuat:                                                     least containing:
         a)   program dan prosedur yang dilakukan       421                 a)   Programs        and      procedures
              dalam mengatasi praktik korupsi,                                   implemented in overcoming corrupt
              balas jasa (kickbacks), fraud, suap                                practices, kickbacks, fraud, bribery
              dan/atau gratifikasi dalam Emiten                                  and/or gratification in Issuers or
              atau Perusahaan Publik; dan                                        Public Companies; and

         b)   pelatihan/sosialisasi    anti korupsi     421                 b)   Anti-corruption            training/
              kepada karyawan          Emiten atau                               socialization to employees of Issuers
              Perusahaan Publik;                                                 or Public Companies;
   20) Penerapan atas Pedoman Tata Kelola               429            20) Implementation of the Guidelines
       Perusahaan Terbuka bagi Emiten yang                                 of Corporate Governance for Public
       menerbitkan Efek Bersifat Ekuitas atau                              Companies for Issuer issuing Equity-
       Perusahaan Publik, meliputi:                                        based Securities or Public Company,
                                                                           including:
         a)   pernyataan mengenai rekomendasi         429-430               a)   statement regarding recommendation
              yang telah dilaksanakan; dan/atau                                  that have been implemented; and/or
         b)   penjelasan atas rekomendasi yang          429                 b)   description of recommendation that
              belum dilaksanakan, disertai alasan                                have not been implemented, along
              dan alternatif pelaksanaannya (jika                                with the reason and alternatives of
              ada);                                                              implementation (if any);
h. Tanggung Jawab Sosial dan Lingkungan Emiten          384       h. Social and Environmental Responsibility of the
   atau Perusahaan Publik                                            Issuer or Public Company
    1)   Informasi yang diungkapkan dalam bagian        441            1)   The information disclosed in the social
         tanggung jawab sosial dan lingkungan                               and environmental responsibility section
         merupakan       Laporan     Keberlanjutan                          is a Sustainability Report as referred
         (Sustainability   Report)    sebagaimana                           to in the Financial Services Authority
         dimaksud dalam Peraturan Otoritas Jasa                             Regulation Number 51/POJK.03/2017
         Keuangan Nomor 51/POJK.03/2017 tentang                             concerning the Implementation of
         Penerapan Keuangan Berkelanjutan bagi                              Sustainable Finance for Financial
         Lembaga Jasa Keuangan, Emiten, dan                                 Services Institutions, Issuers, and Public
         Perusahaan Publik, paling sedikit memuat:                          Companies, at at least includes:



         a)   penjelasan strategi keberlanjutan;         –                  a)   Explanation of the sustainability
                                                                                 strategy;
         b)   ikhtisar  aspek     keberlanjutan          –                  b)   Overview      of   sustainability
              (ekonomi, sosial, dan lingkungan                                   aspects (economic, social, and
              hidup);                                                            environmental);
         c)   profil singkat Emiten atau Perusahaan      –                  c)   Brief profile of the Issuer or Public
              Publik;                                                            Company;
         d)   penjelasan Direksi;                        –                  d)   Explanation of the Board of Directors;
         e)   tata kelola keberlanjutan;                 –                  e)   Sustainability governance;
         f)   kinerja keberlanjutan;                     –                  f)   Sustainability performance;
         g)   verifikasi  tertulis     dari   pihak      –                  g)   Written verification from          an
              independen, jika ada;                                              independent party, if any;
         h)   lembar umpan balik (feedback) untuk        –                  h)   Feedback sheet for readers, if any;
              pembaca, jika ada; dan                                             and
         i)   anggapan Emiten atau Perusahaan            –                  i)   The response of the Issuer or Public
              Publik terhadap umpan balik laporan                                Company to the previous year’s
              tahun sebelumnya;                                                  report feedback;




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           2)   Laporan     Keberlanjutan    sebagaimana        –      2)   The Sustainability Report as referred
                dimaksud pada angka 1), harus disusun                       to in number 1) must be prepared in
                sesuai Pedoman Teknis Penyusunan                            accordance with the Technical Guidelines
                Laporan Keberlanjutan (Sustainability                       for the Preparation of a Sustainability
                Report) Bagi Emiten dan Perusahaan Publik                   Report for Issuers and Public Companies
                sebagaimana tercantum dalam Lampiran II                     as contained in Appendix II which is an
                yang merupakan bagian tidak terpisahkan                     integral part of this Financial Services
                dari Surat Edaran Otoritas Jasa Keuangan                    Authority Circular Letter;
                ini;
           3)   Informasi      Laporan    Keberlanjutan         –      3)   Information on the Sustainability Report
                (Sustainability Report) pada angka 1)                       in number 1) can:
                dapat:
                a)   diungkapkan pada bagian lain yang          –           a)   Disclosed in other relevant sections
                     relevan di luar bagian tanggung                             outside the Social and Environmental
                     jawab sosial dan lingkungan, seperti                        Responsibility section, such as the
                     penjelasan Direksi terkait Laporan                          Directors’ explanation regarding the
                     Keberlanjutan diungkapkan dalam                             Sustainability Report disclosed in
                     bagian terkait Laporan Direksi; dan/                        the section related to the Directors’
                     atau                                                        Report; and/or
                b)   merujuk pada bagian lain di luar           –           b)   Refers to other sections outside
                     bagian tanggung jawab sosial dan                            the Social and Environmental
                     lingkungan dengan tetap mengacu                             Responsibility section by still
                     pada Pedoman Teknis Penyusunan                              referring to the Technical Guidelines
                     Laporan Keberlanjutan (Sustainability                       for the Preparation of Sustainability
                     Report) Bagi Emiten dan Perusahaan                          Reports for Issuers and Public
                     Publik sebagaimana tercantum dalam                          Companies as listed in Appendix
                     Lampiran II yang merupakan bagian                           II which is an integral part of this
                     tidak terpisahkan dari Surat Edaran                         Financial Services Authority Circular
                     Otoritas Jasa Keuangan ini, seperti                         Letter, such as the profile of the
                     profil Emiten atau Perusahaan Publik;                       Issuer or Public Company;



           4)   Laporan Keberlanjutan (Sustainability           –      4)   The Sustainability Report as referred to
                Report) sebagaimana dimaksud pada                           in number 1) is an inseparable part of
                angka 1) merupakan bagian yang tidak                        the Annual Report but can be presented
                terpisahkan dari Laporan Tahunan namun                      separately from the Annual Report;
                dapat disajikan secara terpisah dengan
                Laporan Tahunan;
           5)   Dalam hal Laporan Keberlanjutan disajikan       –      5)   In the event that the Sustainability
                secara terpisah dengan Laporan Tahunan,                     Report is presented separately from the
                informasi yang diungkapkan dalam Laporan                    Annual Report, the information disclosed
                Keberlanjutan dimaksud harus:                               in the Sustainability Report must:
                a)   memuat      seluruh    informasi           –           a)   Contains all the information as
                     sebagaimana dimaksud pada angka                             referred to in number 1); and
                     1); dan
                b)   disusun sesuai Pedoman Teknis              –           b)   Prepared in accordance with
                     Penyusunan Laporan Keberlanjutan                            the Technical Guidelines for the
                     (Sustainability Report) Bagi Emiten                         Preparation of a Sustainability
                     dan Perusahaan Publik sebagaimana                           Report for Issuers and Public
                     tercantum dalam Lampiran II yang                            Companies as listed in Appendix
                     merupakan bagian tidak terpisahkan                          II which is an integral part of this
                     dari Surat Edaran Otoritas Jasa                             Financial Services Authority Circular
                     Keuangan ini;                                               Letter;




470   PT ELNUSA Tbk Laporan Tahunan 2024
Page 473
                                                               Halaman
                  Keterangan                                                                           Description
                                                                 Page

        6)   Dalam hal Laporan Keberlanjutan disajikan             –                         6)   In the event that the Sustainability
             secara terpisah dengan Laporan Tahunan,                                              Report is presented separately from
             maka dalam bagian tanggung jawab sosial                                              the Annual Report, then the Social and
             dan lingkungan memuat informasi bahwa                                                Environmental Responsibility section
             informasi mengenai tanggung jawab sosial                                             contains information that information on
             dan lingkungan telah diungkapkan dalam                                               Social and Environmental Responsibility
             Laporan Keberlanjutan yang disajikan                                                 has been disclosed in the Sustainability
             secara terpisah dari Laporan Tahunan; dan                                            Report which is presented separately
                                                                                                  from the Annual Report; and

        7)   Penyampaian Laporan Keberlanjutan                     –                         7)   Submission of the Sustainability Report
             (Sustainability Report) yang disajikan                                               which is presented separately from
             secara terpisah dengan Laporan Tahunan                                               the Annual Report must be submitted
             harus disampaikan bersamaan dengan                                                   together with the Annual Report.
             penyampaian Laporan Tahunan.
i       Laporan Keuangan Tahunan yang Telah Diaudit      (Lampiran | Appendix))     i       Audited Annual Financial Statement

        Laporan keuangan tahunan yang dimuat dalam                                          Financial Statements included in Annual Report
        Laporan Tahunan disusun sesuai dengan                                               should be prepared in accordance with the
        Standar Akuntansi Keuangan di Indonesia dan                                         Financial Accounting Standards in Indonesia
        telah diaudit oleh Akuntan. Laporan keuangan                                        and audited by an Accountant. The said
        dimaksud memuat pernyataan mengenai                                                 financial statement should be included with
        pertanggungjawaban atas laporan keuangan                                            statement of responsibility for financial report
        sebagaimana diatur dalam peraturan perundang-                                       as stipulated in the legislations in the Capital
        undangan di sektor Pasar Modal yang mengatur                                        Markets sector governing the responsibility of
        mengenai tanggung jawab Direksi atas laporan                                        the Board of Directors on the financial report
        keuangan atau peraturan perundang-undangan                                          or the legislations in the Capital Markets sector
        di sektor Pasar Modal yang mengatur mengenai                                        governing the periodic reports of securities
        laporan berkala Perusahaan Efek dalam hal                                           company in the event the Issuer is a Securities
        Emiten merupakan Perusahaan Efek; dan                                               Company; and

    j   Surat Pernyataan Anggota Direksi dan Anggota              62                    j   Letter of Statement of the Board of Directors
        Dewan Komisaris tentang Tanggung Jawab atas                                         and the Board of Commissioners regarding the
        Laporan Tahunan                                                                     Responsibility for Annual Reporting
        Surat pernyataan anggota Direksi dan anggota              62                        Letter of statement of the Board of Directors
        Dewan Komisaris tentang tanggung jawab atas                                         and the Board of Commissioners regarding
        Laporan Tahunan disusun sesuai dengan format                                        the responsibility for Annual Reporting should
        Surat Pernyataan Anggota Direksi dan Anggota                                        be prepared according to the format of letter
        Dewan Komisaris tentang Tanggung Jawab                                              of statement of member of Board of Directors
        atas Laporan Tahunan sebagaimana tercantum                                          and the Board of Commissioners regarding the
        dalam Lampiran yang merupakan bagian tidak                                          responsibility for Annual Reporting as attached
        terpisahkan dari Surat Edaran Otoritas Jasa                                         in the Attachment, which is an integral part of
        Keuangan ini.                                                                       this Circulation Letter of the Financial Services
                                                                                            Authority.




                                                                                  2024 Annual Report PT ELNUSA Tbk            471
Page 474

          
Page 475
LAPORAN
KEUANGAN
Financial Report
Page 476
PT Elnusa Tbk
dan ent it as anaknya/ and it s subsidiaries

Laporan keuangan konsolidasian tanggal 31 Desember 2024
dan untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Consolidated financial statements as of December 31, 2024
and for the year then ended with independent auditors’report
Page 477

          
Page 478
                                                                                  The original consolidated financial statements included herein are in the
                                                                                                                                     Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                PT ELNUSA TBK AND ITS SUBSIDIARIES
      LAPORAN KEUANGAN KONSOLIDASIAN                                                  CONSOLIDATED FINANCIAL STATEMENTS
           TANGGAL 31 DESEMBER 2024                                                         AS OF DECEMBER 31, 2024
       DAN UNTUK TAHUN YANG BERAKHIR                                                      AND FOR THE YEAR THEN ENDED
            PADA TANGGAL TERSEBUT                                                     WITH INDEPENDENT AUDITOR’S REPORT
     BESERTA LAPORAN AUDITOR INDEPENDEN


                              Daftar Isi                                                                Table of Contents


                                                                   Halaman/
                                                                    Page


Laporan Auditor Independen .........................................       i-ix       ................................... Independent Auditor’s Report

Laporan Posisi Keuangan Konsolidasian .......................              1-2        ........... Consolidated Statement of Financial Position

Laporan Laba Rugi dan Penghasilan                                                                        Consolidated Statement of Profit or Loss
    Komprehensif Lain Konsolidasian...........................              3         ...................... and Other Comprehensive Income

Laporan Perubahan Ekuitas Konsolidasian....................                 4         .......... Consolidated Statement of Changes in Equity

Laporan Arus Kas Konsolidasian ..................................           5         .................... Consolidated Statement of Cash Flows

Catatan Atas Laporan Keuangan                                                                                             Notes to the Consolidated
    Konsolidasian ........................................................ 6-141 .......................................... Financial Statements


                                                              **************************
Page 479
                                                               The original report included herein is in the Indonesian
                                                                                                              language.

Laporan Auditor Independen                              Independent Auditor’s Report

Laporan No.      00234/2.1032/AU.1/02/1832-             Report    No.        00234/2.1032/AU.1/02/1832-
1/1/III/2025                                            1/1/III/2025


Pemegang Saham, Dewan Komisaris, dan                    The Shareholders and the Boards of
Direksi                                                 Commissioners and Directors
PT Elnusa Tbk                                           PT Elnusa Tbk

Opini                                                   Opinion

Kami telah mengaudit laporan keuangan                   We have audited the accompanying consolidated
konsolidasian PT Elnusa Tbk (“Perusahaan”)              financial statements of PT Elnusa Tbk
dan entitas anaknya (secara kolektif disebut            (the “Company”) and its subsidiaries (collectively
sebagai “Grup”) terlampir, yang terdiri dari            referred to as the “Group”), which comprise the
laporan posisi keuangan konsolidasian tanggal           consolidated statement of financial position as of
31 Desember 2024, serta laporan laba rugi dan           December 31, 2024, and the consolidated
penghasilan komprehensif lain konsolidasian,            statement of profit or loss and consolidated other
laporan perubahan ekuitas konsolidasian, dan            comprehensive income, consolidated statement of
laporan arus kas konsolidasian untuk tahun yang         changes in equity, and consolidated statement of
berakhir pada tanggal tersebut, serta catatan           cash flows for the year then ended, and notes to
atas laporan keuangan konsolidasian, termasuk           the consolidated financial statements, including
informasi kebijakan akuntansi material.                 material accounting policy information.

Menurut opini       kami,  laporan    keuangan          In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara wajar,        financial statements present fairly, in all material
dalam semua hal yang material, posisi keuangan          respects, the consolidated financial position of
konsolidasian Grup tanggal 31 Desember 2024,            the Group as of December 31, 2024, and its
serta kinerja keuangan dan arus kas                     consolidated financial performance and cash flows
konsolidasiannya untuk tahun yang berakhir pada         for the year then ended, in accordance with
tanggal tersebut, sesuai dengan Standar                 Indonesian Financial Accounting Standards.
Akuntansi Keuangan di Indonesia.

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             Indonesian Institute of Certified Public Accountants
jawab kami menurut standar tersebut diuraikan           (“IICPA”). Our responsibilities under those
lebih lanjut dalam paragraf Tanggung Jawab              standards are further described in the Auditors’
Auditor terhadap Audit atas Laporan Keuangan            Responsibilities for the Audit of the Consolidated
Konsolidasian pada laporan kami. Kami                   Financial Statements paragraph of our report.
independen      terhadap   Grup     berdasarkan         We are independent of the Group in accordance
ketentuan etika yang relevan dalam audit kami           with the ethical requirements relevant to our audit
atas laporan keuangan konsolidasian di Indonesia,       of the consolidated financial statements in
dan kami telah memenuhi tanggung jawab etika            Indonesia, and we have fulfilled our other
lainnya berdasarkan ketentuan tersebut. Kami            ethical responsibilities in accordance with such
yakin bahwa bukti audit yang telah kami peroleh         requirements. We believe that the audit evidence
adalah cukup dan tepat untuk menyediakan suatu          we have obtained is sufficient and appropriate to
basis bagi opini kami.                                  provide a basis for our opinion.
                                                    i
Page 480
                                                                The original report included herein is in the Indonesian
                                                                                                               language.

Laporan Auditor Independen (lanjutan)                    Independent Auditor’s Report (continued)

Laporan No. 00234/2.1032/AU.1/02/1832-                   Report    No.    00234/2.1032/AU.1/02/1832-
1/1/III/2025 (lanjutan)                                  1/1/III/2025 (continued)


Hal audit utama                                          Key audit matter

Hal audit utama adalah hal-hal yang, menurut             Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal             professional judgment, were of most significance in
yang paling signifikan dalam audit kami atas             our audit of the consolidated financial statements
laporan keuangan konsolidasian periode kini. Hal         of the current period. Such key audit matters were
audit utama tersebut disampaikan dalam konteks           addressed in the context of our audit of the
audit kami atas laporan keuangan konsolidasian           consolidated financial statements taken as a whole,
secara keseluruhan, dan dalam merumuskan opini           and in forming our opinion thereon, and we do not
kami atas laporan keuangan konsolidasian terkait,        provide a separate opinion on such key audit
dan kami tidak menyatakan suatu opini terpisah           matters. For the key audit matter below, our
atas hal audit utama tersebut. Untuk hal audit           description of how our audit addressed such key
utama di bawah ini, penjelasan kami tentang              audit matter is provided in such context.
bagaimana audit kami merespons hal tersebut
disampaikan dalam konteks tersebut.

Kami telah memenuhi tanggung jawab yang                  We have fulfilled the responsibilities described in
dijelaskan dalam paragraf Tanggung Jawab                 the Auditors’ Responsibilities for the Audit of the
Auditor terhadap Audit atas Laporan Keuangan             Consolidated Financial Statements paragraph of
Konsolidasian pada laporan kami, termasuk                our report, including in relation to the key audit
sehubungan dengan hal audit utama yang                   matter communicated below. Accordingly, our
dikomunikasikan di bawah ini. Oleh karena itu,           audit included the performance of procedures
audit kami mencakup pelaksanaan prosedur yang            designed to respond to our assessment of the risks
didesain untuk merespons penilaian kami atas             of material misstatement of the accompanying
risiko kesalahan penyajian material dalam laporan        consolidated financial statements. The results of
keuangan konsolidasian terlampir. Hasil prosedur         our audit procedures, including the procedures
audit kami, termasuk prosedur yang dilakukan             performed to address the key audit matter below,
untuk merespons hal audit di bawah ini,                  provide the basis for our opinion on the
memberikan basis bagi opini kami atas laporan            accompanying consolidated financial statements.
keuangan konsolidasian terlampir.




                                                    ii
Page 481
                                                                   The original report included herein is in the Indonesian
                                                                                                                  language.

Laporan Auditor Independen (lanjutan)                       Independent Auditor’s Report (continued)

Laporan No. 00234/2.1032/AU.1/02/1832-                      Report    No.    00234/2.1032/AU.1/02/1832-
1/1/III/2025 (lanjutan)                                     1/1/III/2025 (continued)


Hal audit utama (lanjutan)                                  Key audit matter (continued)

Pengakuan pendapatan                                        Revenue recognition

Penjelasan atas hal audit utama:                            Description of the key audit matter:

Pendapatan Grup untuk tahun yang berakhir pada              The Group’s revenue for the year ended December
tanggal 31 Desember 2024 sebesar Rp13,39                    31, 2024 amounting to Rp13.39 trillion which
triliun yang terutama merupakan penjualan                   primarily consists of sales goods and energy
barang dan jasa distribusi dan logistik energi, dan         distribution and logistics services, and integrated
jasa hulu migas terintegrasi, merupakan ukuran              upstream oil and gas services, is an important
penting yang digunakan untuk mengevaluasi                   measure used to evaluate the performance of the
kinerja Grup dan merupakan pendorong utama                  Group and is the main driver of profitability. The
profitabilitas. Pendapatan dicatat ketika kendali           revenue is recognized when control of these goods
atas barang dan jasa tersebut dialihkan ke                  and services is transferred to the customer at a
pelanggan pada suatu waktu tertentu, dan untuk              point in time, and for certain services transferred
jasa tertentu dialihkan sepanjang waktu, dengan             over time, at an amount that reflects the
jumlah yang mencerminkan imbalan yang                       consideration to which the Group expects to be
diharapkan Grup dapat diperoleh sebagai                     entitled in exchange for those goods or services.
pertukaran atas barang atau jasa tersebut.

Pendapatan mungkin diakui secara tidak tepat,               Revenue may be inappropriately recognized, which
sehingga dapat mengakibatkan meningkatnya                   can lead to increased business results and revenue
hasil usaha dan mencapai pertumbuhan                        growth that may elevate the risk of material
pendapatan yang dapat meningkatkan risiko salah             misstatement. Due to its financial significance,
saji   material.   Karena   signifikansi   nilai            misstatement in revenue can have a substantial
keuangannya,     kesalahan   penyajian     atas             impact on the overall consolidated financial
pendapatan dapat memiliki dampak substansial                statements and the decisions made by
pada laporan keuangan konsolidasian secara                  stakeholders. Accordingly, revenue recognition is
keseluruhan dan keputusan yang dibuat oleh para             determined as a key audit matter. Notes 2, 27, and
pemangku kepentingan. Oleh karena itu,                      32 to the accompanying consolidated financial
pengakuan pendapatan merupakan hal audit                    statements provide the relevant disclosures on the
utama bagi kami. Catatan 2, 27, dan 32 pada                 Group’s revenue.
laporan keuangan konsolidasian terlampir
menyajikan pengungkapan atas pendapatan Grup.




                                                      iii
Page 482
                                                                 The original report included herein is in the Indonesian
                                                                                                                language.

Laporan Auditor Independen (lanjutan)                     Independent Auditor’s Report (continued)

Laporan No. 00234/2.1032/AU.1/02/1832-                    Report    No.    00234/2.1032/AU.1/02/1832-
1/1/III/2025 (lanjutan)                                   1/1/III/2025 (continued)


Hal audit utama (lanjutan)                                Key audit matter (continued)

Pengakuan pendapatan (lanjutan)                           Revenue recognition (continued)

Respons audit:                                            Audit response:

Kami mengevaluasi dan menguji rancangan dan               We evaluated and assessed the design and
efektivitas kendali utama atas proses pendapatan.         operating effectiveness of the key controls over the
Kami melakukan pengujian rinci atas transaksi-            revenue process. We performed detailed testing on
transaksi pisah batas untuk memastikan bahwa              cut-off transactions to ensure that revenues were
pendapatan diakui pada periode yang tepat. Kami           recognized in the correct period. We performed
melakukan pengujian rinci atas transaksi                  test of details of the revenue transactions by
pendapatan dengan melakukan verifikasi ke                 verifying to the supporting documents to ensure
dokumen pendukungnya untuk memastikan                     the occurrence of the revenue and whether it has
keterjadian atas pendapatan serta telah diakui            been recognized in accordance with the applicable
sesuai dengan standar akuntansi yang berlaku dan          accounting standards and recorded in the proper
dicatat pada periode yang tepat.                          period.

Kami melakukan pengujian rinci dengan                     We performed test of details by identifying which
menentukan akun buku besar yang digunakan                 general ledger accounts are used to post entries
untuk mencatat entri antara pendapatan, piutang           between revenue, trade receivables, and cash and
usaha, dan kas dan bank, serta menggunakan                banks and use the correlation (journal entry
korelasi (pencatatan entri jurnal) antara tiga akun       postings) between three accounts to reperform the
tersebut untuk melakukan kembali (reperform)              posting of journal entries. We supplemented this
pencatatan entri jurnal. Kami melengkapi                  procedure with testing of the information produced
prosedur ini dengan pengujian informasi yang              by the Group over cash journal entries to ensure
dihasilkan oleh Grup atas entri jurnal kas untuk          they are real cash from customers. We also
memastikan bahwa kas tersebut adalah kas                  evaluated the appropriateness and adequacy of the
sebenarnya yang berasal dari pelanggan. Kami              presentation and relevant disclosures related to
juga mengevaluasi kepatutan dan kecukupan                 revenue in the notes to the accompanying
penyajian dan pengungkapan yang relevan terkait           consolidated financial statements.
pendapatan dalam catatan atas laporan keuangan
konsolidasian terlampir.




                                                      i
Page 483
                                                          The original report included herein is in the Indonesian
                                                                                                         language.

Laporan Auditor Independen (lanjutan)              Independent Auditor’s Report (continued)

Laporan No. 00234/2.1032/AU.1/02/1832-             Report    No.    00234/2.1032/AU.1/02/1832-
1/1/III/2025 (lanjutan)                            1/1/III/2025 (continued)


Informasi lain                                     Other information

Manajemen bertanggung jawab atas informasi         Management is responsible for the other
lain. Informasi lain terdiri dari informasi yang   information. Other information comprises the
tercantum dalam Laporan Tahunan 2024               information included in the 2024 Annual Report
(“Laporan Tahunan”) selain laporan keuangan        (“The Annual Report”) other than the
konsolidasian terlampir dan laporan auditor        accompanying consolidated financial statements
independen kami. Laporan Tahunan diharapkan        and our independent auditor’s report thereon. The
akan tersedia bagi kami setelah tanggal laporan    Annual Report is expected to be made available to
auditor independen ini.                            us after the date of this independent auditor’s
                                                   report.

Opini kami atas laporan keuangan konsolidasian     Our opinion on the accompanying consolidated
terlampir tidak mencakup Laporan Tahunan, dan      financial statements does not cover the Annual
oleh karena itu, kami tidak menyatakan bentuk      Report, and accordingly, we do not express any
keyakinan apapun atas Laporan Tahunan              form of assurance on the Annual Report.
tersebut.

Sehubungan dengan audit kami atas laporan          In connection with our audit of the accompanying
keuangan konsolidasian terlampir, tanggung         consolidated       financial    statements,    our
jawab    kami      adalah     untuk    membaca     responsibility is to read the Annual Report when it
Laporan    Tahunan      ketika   tersedia dan,     becomes available and, in doing so, consider
dalam melaksanakannya, mempertimbangkan            whether the Annual Report is materially
apakah    Laporan      Tahunan      mengandung     inconsistent with the accompanying consolidated
ketidakkonsistensian material dengan laporan       financial statements or our knowledge obtained in
keuangan      konsolidasian    terlampir  atau     the audit, or otherwise appears to be materially
pemahaman yang kami peroleh selama audit, atau     misstated.
mengandung kesalahan 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      actions based on the applicable laws and
dan melakukan tindakan yang tepat berdasarkan      regulations.
peraturan perundang-undangan yang berlaku.
Page 484
                                                              The original report included herein is in the Indonesian
                                                                                                             language.

Laporan Auditor Independen (lanjutan)                  Independent Auditor’s Report (continued)

Laporan No. 00234/2.1032/AU.1/02/1832-                 Report    No.    00234/2.1032/AU.1/02/1832-
1/1/III/2025 (lanjutan)                                1/1/III/2025 (continued)


Tanggung jawab manajemen dan pihak yang                Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap            charged with governance for the consolidated
laporan keuangan konsolidasian                         financial statements

Manajemen bertanggung jawab atas penyusunan            Management is responsible for the preparation and
dan penyajian wajar        laporan   keuangan          fair presentation of the consolidated financial
konsolidasian tersebut sesuai dengan Standar           statements in accordance with Indonesian Financial
Akuntansi Keuangan di Indonesia, dan atas              Accounting Standards, and for such internal
pengendalian internal yang dianggap perlu oleh         control as management determines is necessary to
manajemen untuk memungkinkan penyusunan                enable the preparation of consolidated financial
laporan keuangan konsolidasian yang bebas dari         statements that are free from material
kesalahan penyajian material, baik yang                misstatement, whether due to fraud or error.
disebabkan oleh kecurangan maupun kesalahan.

Dalam      penyusunan       laporan    keuangan        In preparing the consolidated financial statements,
konsolidasian, manajemen bertanggung jawab             management is responsible for assessing the
untuk    menilai    kemampuan      Grup   dalam        Group’s ability to continue as a going concern,
mempertahankan        kelangsungan    usahanya,        disclosing, as applicable, matters related to going
mengungkapkan, sesuai dengan kondisinya, hal-          concern, and using the going concern basis of
hal yang berkaitan dengan kelangsungan usaha,          accounting, unless management either intends to
dan menggunakan basis akuntansi kelangsungan           liquidate the Group or to cease its operations, or
usaha, kecuali manajemen memiliki intensi untuk        has no realistic alternative but to do so.
melikuidasi Grup atau menghentikan operasi, atau
tidak memiliki alternatif yang realistis selain
melaksanakannya.

Pihak yang bertanggung jawab atas tata kelola          Those charged with governance are responsible for
bertanggung jawab untuk mengawasi proses               overseeing the Group’s financial reporting process.
pelaporan keuangan Grup.




                                                   i
Page 485
                                                                 The original report included herein is in the Indonesian
                                                                                                                language.

Laporan Auditor Independen (lanjutan)                     Independent Auditor’s Report (continued)

Laporan No. 00234/2.1032/AU.1/02/1832-                    Report    No.    00234/2.1032/AU.1/02/1832-
1/1/III/2025 (lanjutan)                                   1/1/III/2025 (continued)


Tanggung jawab auditor terhadap audit atas                Auditors’ responsibilities for the audit of the
laporan keuangan konsolidasian                            consolidated financial statements

Tujuan kami adalah untuk memeroleh keyakinan              Our objectives are to obtain reasonable assurance
memadai tentang apakah laporan keuangan                   about whether the consolidated financial
konsolidasian secara keseluruhan bebas dari               statements taken as a whole are free from material
kesalahan penyajian material, baik yang                   misstatement, whether due to fraud or error, and
disebabkan oleh kecurangan maupun kesalahan,              to issue an independent auditors’ report that
dan untuk menerbitkan laporan auditor                     includes our opinion. Reasonable assurance is a
independen yang mencakup opini kami.                      high level of assurance, but is not a guarantee that
Keyakinan memadai merupakan suatu tingkat                 an audit conducted in accordance with Standards
keyakinan tinggi, namun bukan merupakan suatu             on Auditing established by the IICPA will always
jaminan bahwa audit yang dilaksanakan                     detect a material misstatement when it exists.
berdasarkan Standar Audit yang ditetapkan oleh            Misstatements can arise from fraud or error and
IAPI akan selalu mendeteksi kesalahan penyajian           are considered material if, individually or in the
material ketika hal tersebut ada. Kesalahan               aggregate, they could reasonably be expected to
penyajian dapat disebabkan oleh kecurangan                influence the economic decisions of users taken on
maupun kesalahan dan dianggap material jika,              the basis of these consolidated financial
baik secara individual maupun agregat, dapat              statements.
diekspektasikan secara wajar akan memengaruhi
keputusan ekonomi yang dibuat oleh pengguna
berdasarkan laporan keuangan konsolidasian
tersebut.

Sebagai bagian dari suatu audit berdasarkan               As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami             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 consolidated financial
    konsolidasian, baik yang disebabkan oleh                  statements, whether due to fraud or error,
    kecurangan maupun kesalahan, mendesain                    design and perform audit procedures
    dan melaksanakan prosedur audit yang                      responsive to such risks, and obtain audit
    responsif terhadap risiko tersebut, serta                 evidence that is sufficient and appropriate to
    memeroleh bukti audit yang cukup dan tepat                provide a basis for our opinion. The risk of not
    untuk menyediakan basis bagi opini kami.                  detecting a material misstatement resulting
    Risiko tidak terdeteksinya suatu kesalahan                from fraud is higher than for one resulting
    penyajian material yang disebabkan oleh                   from error, as fraud may involve
    kecurangan lebih tinggi daripada yang                     collusion, forgery, intentional omissions,
    disebabkan     oleh    kesalahan,      karena             misrepresentations, or the override of internal
    kecurangan     dapat    melibatkan     kolusi,            control.
    pemalsuan, penghilangan secara sengaja,
    pernyataan salah, atau pengabaian atas
    pengendalian internal.


                                                     ii
Page 486
                                                                 The original report included herein is in the Indonesian
                                                                                                                language.

Laporan Auditor Independen (lanjutan)                     Independent Auditor’s Report (continued)

Laporan No. 00234/2.1032/AU.1/02/1832-                    Report    No.    00234/2.1032/AU.1/02/1832-
1/1/III/2025 (lanjutan)                                   1/1/III/2025 (continued)


Tanggung jawab auditor terhadap audit atas                Auditors’ responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan)                 consolidated financial statements (continued)

Sebagai bagian dari suatu audit berdasarkan               As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami             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)

   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 Grup.               the Group’s internal control.

   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.

   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 evidence
    diperoleh,     apakah     terdapat      suatu             obtained, whether a material uncertainty
    ketidakpastian material yang terkait dengan               exists related to events or conditions that may
    peristiwa    atau    kondisi    yang    dapat             cast significant doubt on the Group's ability to
    menyebabkan keraguan signifikan atas                      continue as a going concern. If we conclude
    kemampuan Grup untuk mempertahankan                       that a material uncertainty exists, we are
    kelangsungan usahanya.           Ketika kami              required to draw attention in our independent
    menyimpulkan      bahwa      terdapat   suatu             auditors’ report to the related disclosures in
    ketidakpastian material, kami diharuskan                  the consolidated financial statements or, if
    untuk menarik perhatian dalam laporan                     such disclosures are inadequate, to modify our
    auditor independen kami ke pengungkapan                   opinion. Our conclusions are based on the
    terkait dalam laporan keuangan konsolidasian              audit evidence obtained up to the date of our
    atau, jika pengungkapan tersebut tidak                    independent auditors’ report. However, future
    memadai,      memodifikasi      opini   kami.             events or conditions may cause the Group to
    Kesimpulan kami didasarkan pada bukti audit               cease to continue as a going concern.
    yang diperoleh hingga tanggal laporan auditor
    independen kami. Namun, peristiwa atau
    kondisi masa depan dapat menyebabkan Grup
    tidak dapat mempertahankan kelangsungan
    usaha.




                                                    iii
Page 487
                                                               The original report included herein is in the Indonesian
                                                                                                              language.

Laporan Auditor Independen (lanjutan)                   Independent Auditor’s Report (continued)

Laporan No. 00234/2.1032/AU.1/02/1832-                  Report    No.    00234/2.1032/AU.1/02/1832-
1/1/III/2025 (lanjutan)                                 1/1/III/2025 (continued)


Tanggung jawab auditor terhadap audit atas              Auditors’ responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan)               consolidated financial statements (continued)

Sebagai bagian dari suatu audit berdasarkan             As part of an audit in accordance with Standards on
Standar Audit yang ditetapkan oleh IAPI, kami           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)

   Mengevaluasi penyajian, struktur, dan isi              Evaluate the overall presentation, structure
    laporan keuangan konsolidasian secara                   and contents of the consolidated financial
    keseluruhan, termasuk pengungkapannya,                  statements, including the disclosures, and
    dan apakah laporan keuangan konsolidasian               whether the consolidated financial statements
    mencerminkan transaksi dan peristiwa yang               represent the underlying transactions and
    mendasarinya dengan suatu cara yang                     events in a manner that achieves fair
    mencapai penyajian wajar.                               presentation.

   Memeroleh bukti audit yang cukup dan tepat             Obtain sufficient appropriate audit evidence
    terkait informasi keuangan entitas atau                 regarding the financial information of the
    aktivitas bisnis dalam Grup untuk menyatakan            entities or business activities within the Group
    opini atas laporan keuangan konsolidasian.              to express an opinion on the consolidated
    Kami bertanggung jawab atas arahan,                     financial statements. We are responsible for
    supervisi, dan pelaksanaan audit Grup. Kami             the direction, supervision and performance of
    tetap bertanggung jawab sepenuhnya atas                 the Group audit. We remain solely responsible
    opini audit kami.                                       for our audit opinion.

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 significant
signifikan, termasuk setiap defisiensi signifikan       deficiencies in internal control that we identify
dalam pengendalian internal yang teridentifikasi        during our audit.
oleh kami selama audit.

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,    serta       independence, and to communicate with them all
mengomunikasikan kepada pihak tersebut seluruh          relationships and other matters that may
hubungan, serta 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.




                                                    i
Page 488
                                                            The original report included herein is in the Indonesian
                                                                                                           language.

Laporan Auditor Independen (lanjutan)                Independent Auditor’s Report (continued)

Laporan No. 00234/2.1032/AU.1/02/1832-               Report    No.     00234/2.1032/AU.1/02/1832-
1/1/III/2025 (lanjutan)                              1/1/III/2025 (continued)


Tanggung jawab auditor terhadap audit atas           Auditors’ responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan)            consolidated financial statements (continued)

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 mana saja yang paling             matters that were of most significance in the audit
signifikan dalam audit atas laporan keuangan         of the consolidated financial statements of the
konsolidasian periode kini dan oleh karenanya        current period and are therefore the key audit
merupakan hal audit utama. Kami menguraikan          matters. We describe such key audit matters in our
hal audit utama tersebut dalam laporan auditor       independent auditors’ report unless laws or
independen kami kecuali peraturan perundang-         regulations preclude public disclosure about such
undangan melarang pengungkapan publik tentang        key audit matters or when, in extremely rare
hal audit utama tersebut atau ketika, dalam          circumstances, we determine that a key audit
kondisi yang sangat jarang terjadi, kami             matter should not be communicated in our
menentukan bahwa suatu hal audit utama tidak         independent auditors’ report because the adverse
seharusnya dikomunikasikan dalam laporan             consequences of doing so would reasonably be
auditor independen kami karena konsekuensi           expected to outweigh the public interest benefits of
yang merugikan dari mengomunikasikannya akan         such communication.
diekspektasikan secara wajar melebihi manfaat
kepentingan publik atas komunikasi tersebut.


                              KAP Purwantono, Sungkoro & Surja




                                          Budi Hartono
        Registrasi Akuntan Publik No. AP.1832/Public Accountant Registration No. AP.1832

                                19 Maret 2025/March 19, 2025
Page 489
                                                                            The original consolidated financial statements included herein are in the
                                                                                                                               Indonesian language.

       PT ELNUSA TBK DAN ENTITAS ANAKNYA                                           PT ELNUSA TBK AND ITS SUBSIDIARIES
            LAPORAN POSISI KEUANGAN                                                   CONSOLIDATED STATEMENT OF
                   KONSOLIDASIAN                                                            FINANCIAL POSITION
              Tanggal 31 Desember 2024                                                     As of December 31, 2024
           (Disajikan dalam Jutaan Rupiah,                                             (Expressed in Millions of Rupiah,
               Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)



                                                31 Desember/                          31 Desember/
                                                December 31,         Catatan/         December 31,
                                                    2024              Notes              2023
ASET                                                                                                                                    ASSETS

ASET LANCAR                                                                                                                CURRENT ASSETS
                                                                     2f,2g,2h
Kas dan setara kas                                    2.949.057      2j,4,32a            2.077.725                 Cash and cash equivalents
Piutang usaha - neto:                                                2g,2h,5                                          Trade receivables - net:
   Pihak ketiga                                         237.935                            217.131                             Third parties
   Pihak berelasi                                     2.916.280      2j,32b              2.793.973                           Related parties
Aset keuangan lancar lainnya - neto:                                 2g,2h,6                               Other current financial assets - net:
   Pihak ketiga                                          76.456                              3.024                             Third parties
   Pihak berelasi                                        43.425      2j,32c                 36.454                           Related parties
Persediaan - neto                                       515.267       2i,7                 452.691                            Inventories - net
Uang muka - bagian lancar                               122.817         8                   43.759                 Advances - current portion
Pajak dibayar di muka - bagian lancar                   150.712      2u,19a                406.888             Prepaid taxes - current portion
Biaya dibayar di muka dan aset                                                                                    Prepaid expenses and other
   lancar lainnya                                        50.507         9                   74.656                            current assets
Total Aset Lancar                                     7.062.456                          6.106.301                       Total Current Assets
ASET TIDAK LANCAR                                                                                                    NON-CURRENT ASSETS

Aset keuangan tidak lancar lainnya - neto:                           2g,2h,10                      Other non-current financial assets - net:
   Pihak ketiga                                               -         3b                 111.000                          Third parties
   Pihak berelasi                                       229.602       2j,32d               268.502                       Related parties
Investasi pada saham - neto                              38.578         11                  38.375            Investments in shares - net
Uang muka - bagian tidak lancar                          11.716          8                  37.074         Advances - non-current portion
Aset tetap - neto                                     1.934.147      2k,3b,12            1.889.189                       Fixed assets - net
Aset takberwujud - neto                                  20.359      2l,2o,13                6.637                  Intangible assets - net
Properti investasi - neto                                50.873      2n,3b,14               50.961             Investment properties - net
Pajak dibayar di muka -                                                                                       Prepaid taxes - non-current
   bagian tidak lancar                                  970.970  2u,19a                    606.051                                portion
Aset hak-guna - neto                                    114.490   2m,15                    335.995               Right-of-use assets - net
Aset pajak tangguhan - neto                             146.672 2u,3b,19d                  129.282               Deferred tax assets - net
Aset lain-lain                                           48.437                             22.115                            Other assets
Total Aset Tidak Lancar                               3.565.844                          3.495.181                  Total Non-current Assets
TOTAL ASET                                           10.628.300                          9.601.482                             TOTAL ASSETS




         Catatan atas laporan keuangan konsolidasian terlampir                  The accompanying notes to the consolidated financial statements
     merupakan bagian yang tidak terpisahkan dari laporan keuangan               form an integral part of these consolidated financial statements
                 konsolidasian ini secara keseluruhan.                                                   taken as a whole.

                                                                       1
                                                                                                      2024 Annual Report PT ELNUSA Tbk              487
Page 490
                                                                           The original consolidated financial statements included herein are in the
                                                                                                                              Indonesian language.

       PT ELNUSA TBK DAN ENTITAS ANAKNYA                                         PT ELNUSA TBK AND ITS SUBSIDIARIES
            LAPORAN POSISI KEUANGAN                                                 CONSOLIDATED STATEMENT OF
              KONSOLIDASIAN (lanjutan)                                              FINANCIAL POSITION (continued)
              Tanggal 31 Desember 2024                                                   As of December 31, 2024
           (Disajikan dalam Jutaan Rupiah,                                           (Expressed in Millions of Rupiah,
               Kecuali Dinyatakan Lain)                                                 Unless Otherwise Stated)



                                                31 Desember/                        31 Desember/
                                                December 31,         Catatan/       December 31,
                                                    2024              Notes            2023
LIABILITAS DAN EKUITAS                                                                                            LIABILITIES AND EQUITY

LIABILITAS                                                                                                                         LIABILITIES

LIABILITAS JANGKA PENDEK                                                                                             CURRENT LIABILITIES
                                                                2g,2h,16,
Pinjaman bank jangka pendek                             130.068 2j,32e,33d               171.231                       Short-term bank loans
Utang usaha:                                                     2g,2h,17                                                      Trade payables:
   Pihak ketiga                                         672.004                          570.631                                Third parties
   Pihak berelasi                                       482.732    2j,32f                434.186                             Related parties
Liabilitas jangka pendek lainnya                         79.565 2g,2h,18                  65.978                       Other current liabilities
Liabilitas imbalan kerja                                                                                                Short-term employee
   jangka pendek                                        284.091      2g,2h,24d           274.538                            benefit liabilities
Beban akrual                                          2.839.889      2g,2h,20          2.405.488                            Accrued expenses
Utang pajak                                              62.616       2u,19b              60.975                                Taxes payable
Pendapatan ditangguhkan -                                                                                                    Deferred income -
   bagian lancar                                         10.700       23,32g              10.700                             current portion
Utang sukuk                                             699.418      2g,2h,22                  -                                Sukuk payable
Utang jangka panjang yang jatuh tempo                                                                                       Current maturitires
   dalam waktu satu tahun                                                                                               of long term debts
   Utang bank                                            31.000        21                      -                                Bank loans
   Liabilitas sewa                                      119.104       2m,15              240.396                            Lease liabilities
Total Liabilitas Jangka Pendek                        5.411.187                        4.234.123                    Total Current Liabilities
LIABILITAS JANGKA PANJANG                                                                                     NON-CURRENT LIABILITIES
Pendapatan ditangguhkan -                                                                                                   Deferred income -
  bagian tidak lancar                                    37.450      23,32g               48.150                     net of current portion
Utang jangka panjang – setelah dikurangi                                                                                     Long term debts-
  bagian jatuh tempo dalam waktu satu tahun                                                                      net of currrent maturities
  Utang bank                                            153.439         21                       -                             Bank loans
                                                                      2g,2h
   Liabilitas sewa                                       23.973       2m,15              132.983                         Lease liabilities
Utang sukuk                                                   -      2g,2h,22            698.607                             Sukuk payable
Liabilitas pajak tangguhan                                3.521        19d                     -                        Deferred tax liability
Liabilitas imbalan kerja                                 95.256      2s,3b,24             71.551                    Employee benefits liability
Total Liabilitas Jangka Panjang                         313.639                          951.291               Total Non-current Liabilities
TOTAL LIABILITAS                                      5.724.826                        5.185.414                         TOTAL LIABILITIES
EKUITAS                                                                                                                                 EQUITY
Ekuitas yang dapat diatribusikan                                                                                   Equity attributable to
  kepada pemilik entitas induk                                                                          owners of the parent entity
Modal saham - nilai nominal                                                                          Share capital - Rp100 (full amount)
  Rp100 (nilai penuh) per saham                                                                                    par value per share
  Modal dasar - 22.500.000.000 saham                                                              Authorized - 22,500,000,000 shares
  Modal ditempatkan dan disetor penuh -                                                                         Issued and fully paid -
     7.298.500.000 saham                                729.850 25a,37e                  729.850              7,298,500,000 shares
Tambahan modal disetor                                  435.691 2e,2x,25b                435.691                 Additional paid-in capital
Saldo laba:                                                        25c                                                 Retained earnings:
  Dicadangkan                                           158.109                          158.109                          Appropriated
  Tidak dicadangkan                                   3.651.364                        3.138.916                        Unappropriated
Penghasilan komprehensif lain                           (73.132) 2s,25d                  (48.086)          Other comprehensive income
Ekuitas yang dapat diatribusikan                                                                                    Equity attributable to
  kepada pemilik entitas induk - neto                 4.901.882                        4.414.480      owners of the parent entity - net
Kepentingan nonpengendali                                  1.592      2b,26                 1.588                    Non-controlling interests
TOTAL EKUITAS                                         4.903.474                        4.416.068                              TOTAL EQUITY
TOTAL LIABILITAS DAN EKUITAS                         10.628.300                        9.601.482        TOTAL LIABILITIES AND EQUITY

         Catatan atas laporan keuangan konsolidasian terlampir                The accompanying notes to the consolidated financial statements
     merupakan bagian yang tidak terpisahkan dari laporan keuangan             form an integral part of these consolidated financial statements
                 konsolidasian ini secara keseluruhan.                                                 taken as a whole.

                                                                       2
488    PT ELNUSA Tbk Laporan Tahunan 2024
Page 491
                                                                             The original consolidated financial statements included herein are in the
                                                                                                                                Indonesian language.

        PT ELNUSA TBK DAN ENTITAS ANAKNYA                                      PT ELNUSA TBK AND ITS SUBSIDIARIES
        LAPORAN LABA RUGI DAN PENGHASILAN                                   CONSOLIDATED STATEMENT OF PROFIT OR LOSS
         KOMPREHENSIF LAIN KONSOLIDASIAN                                        AND OTHER COMPREHENSIVE INCOME
            Untuk Tahun yang Berakhir pada                                               For the Year Ended
               Tanggal 31 Desember 2024                                                  December 31, 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 December 31,

                                                                     Catatan/
                                                      2024            Notes              2023
                                                                       2j, 2r,
PENDAPATAN                                           13.393.013       27,32i            12.564.391                                    REVENUES
                                                                      2j,2r,
BEBAN POKOK PENDAPATAN                              (12.068.115)      28,32j           (11.394.689)                      COST OF REVENUES
LABA BRUTO                                            1.324.898                           1.169.702                             GROSS PROFIT

Beban penjualan                                          (4.475)                             (7.562)                       Selling expenses
Beban umum dan administrasi                            (515.009)        29                 (492.488)     General and administrative expenses
Pendapatan keuangan                                     198.558                              75.068                          Finance income
Beban keuangan                                         (124.595)        30                 (115.221)                      Finance expenses
Lain-lain - neto                                         27.452         31                   17.112                               Others - net
LABA SEBELUM PAJAK FINAL                                                                                         PROFIT BEFORE FINAL TAX
DAN PAJAK PENGHASILAN                                   906.829                             646.611                      AND INCOME TAX

Beban pajak final                                       (25.755)        2u                  (28.743)                            Final tax expense
LABA SEBELUM PAJAK PENGHASILAN                          881.074                             617.868           PROFIT BEFORE INCOME TAX
Beban pajak penghasilan                                (167.402)     2u,19c                (114.737)                         Income tax expense
LABA TAHUN BERJALAN                                     713.672                             503.131                   PROFIT FOR THE YEAR
PENGHASILAN KOMPREHENSIF LAIN                                                                           OTHER COMPREHENSIVE INCOME
Pos-pos yang tidak akan direklasifikasi                                                              Items that will not be reclassified to
  ke laba rugi                                                                                                            profit or loss
  Pengukuran kembali program                                                                               Remeasurements of defined
    imbalan pasti                                       (31.620)     2s,24a                 (19.303)                     benefit plans
                                                                       2u
  Pajak tangguhan terkait                                  6.574      19d                      4.061                    Related deferred tax
PENGHASILAN KOMPREHENSIF LAIN                                                                           OTHER COMPREHENSIVE INCOME
TAHUN BERJALAN SETELAH PAJAK                            (25.046)       25d                  (15.242)         FOR THE YEAR AFTER TAX
TOTAL LABA KOMPREHENSIF                                                                                  TOTAL COMPREHENSIVE INCOME
TAHUN BERJALAN                                          688.626                             487.889                    FOR THE YEAR

LABA TAHUN BERJALAN YANG                                                                                              PROFIT FOR THE YEAR
DAPAT DIATRIBUSIKAN KEPADA:                                                                                              ATTRIBUTABLE TO:
Pemilik entitas induk                                   713.668                             503.129                  Owners of the parent entity
Kepentingan nonpengendali                                     4                                   2                    Non-controlling interests
Total                                                   713.672                             503.131                                           Total

TOTAL LABA KOMPREHENSIF                                                                                  TOTAL COMPREHENSIVE INCOME
TAHUN BERJALAN YANG                                                                                                      FOR THE YEAR
DAPAT DIATRIBUSIKAN KEPADA:                                                                                         ATTRIBUTABLE TO:
Pemilik entitas induk                                   688.622                             487.887             Owners of the parent entity
Kepentingan nonpengendali                                     4                                   2               Non-controlling interests
Total                                                   688.626                             487.889                                           Total

LABA PER SAHAM                                                                                                        EARNINGS PER SHARE
(NILAI PENUH)                                              97,78     2w,35                     68,94                        (FULL AMOUNT)




         Catatan atas laporan keuangan konsolidasian terlampir                   The accompanying notes to the consolidated financial statements
     merupakan bagian yang tidak terpisahkan dari laporan keuangan                form an integral part of these consolidated financial statements
                 konsolidasian ini secara keseluruhan.                                                    taken as a whole.

                                                                        3
                                                                                                       2024 Annual Report PT ELNUSA Tbk              489
Page 492
                                                                                                                                  The original consolidated financial statements included herein are in the Indonesian language.
                        PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                                              PT ELNUSA TBK AND ITS SUBSIDIARIES
                   LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                       CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
               Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2024                                                                  For the Year Ended December 31, 2024
                (Disajikan dalam Jutaan Rupiah, Kecuali Dinyatakan Lain)                                                       (Expressed in Millions of Rupiah, Unless Otherwise Stated)
                                                              Ekuitas yang dapat diatribusikan kepada pemilik entitas induk/
                                                                     Equity attributable to owners of the parent entity
                                                                               Saldo laba/Retained earnings            Penghasilan
                                                            Tambahan                                                  komprehensif                        Kepentingan
                                                           modal disetor/                            Tidak              lain/Other                       nonpengendali/     Ekuitas -
                          Catatan/     Modal saham/          Additional      Dicadangkan/        dicadangkan/        comprehensive        Neto/          Non-controlling     neto/
                           Notes       Share capital       paid-in capital   Appropriated       Unappropriated            income           Net              Interest       Equity - net
Saldo 31 Desember 2022                        729.850             435.691            158.109            2.824.819           (32.844)        4.115.625             1.586        4.117.211    Balance as of December 31, 2022
Total laba komprehensif                                                                                                                                                                          Total comprehensive income
  tahun berjalan                                       -                 -                  -            503.129            (15.242)          487.887                 2         487.889                       for the year
Dividen kas                 25c                        -                 -                  -            (189.032)                -          (189.032)                -         (189.032)                       Cash dividend
Saldo 31 Desember 2023                        729.850             435.691            158.109            3.138.916           (48.086)        4.414.480             1.588        4.416.068 Balance as of December 31, 2023
Total laba komprehensif                                                                                                                                                                          Total comprehensive income
   tahun berjalan                                      -                 -                  -            713.668            (25.046)          688.622                 4         688.626                      for the year
Dividen kas                 25c                        -                 -                  -            (201.220)                -          (201.220)                -         (201.220)                       Cash dividend
Saldo 31 Desember 2024                        729.850             435.691            158.109            3.651.364           (73.132)        4.901.882             1.592       4.903.474     Balance as of December 31, 2024




                                                                                                                                                                                                                                   PT ELNUSA Tbk Laporan Tahunan 2024
                                                                                                                                                                                                                                   490
        Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan                       The accompanying notes to the consolidated financial statements form an integral part of
                          dari laporan keuangan konsolidasian ini secara keseluruhan.                                                    these consolidated financial statements taken as a whole.
                                                                                                            4
Page 493
                                                                                    The original consolidated financial statements included herein
                                                                                                                  are in the Indonesian language.

       PT ELNUSA TBK DAN ENTITAS ANAKNYA                                         PT ELNUSA TBK AND ITS SUBSIDIARIES
        LAPORAN ARUS KAS KONSOLIDASIAN                                                 CONSOLIDATED STATEMENT
           Untuk Tahun yang Berakhir pada                                                   OF CASH FLOWS
              Tanggal 31 Desember 2024                                                     For the Year Ended
           (Disajikan dalam Jutaan Rupiah,                                                  December 31, 2024
               Kecuali Dinyatakan Lain)                                              (Expressed in Millions of Rupiah,
                                                                                         Unless Otherwise Stated)


                                                           Tahun yang Berakhir
                                                        Pada Tanggal 31 Desember/
                                                         Year Ended December 31,

                                                                     Catatan/
                                                      2024            Notes          2023
ARUS KAS DARI                                                                                                       CASH FLOWS FROM
AKTIVITAS OPERASI                                                                                                OPERATING ACTIVITIES
Penerimaan dari pelanggan                            13.442.402                     12.647.968                    Receipts from customers
Pembayaran kepada pemasok                                                                                           Payments to suppliers
  dan kontraktor                                    (10.164.418)                     (9.819.034)                       and contractors
Pembayaran untuk karyawan                            (2.142.798)                     (1.652.706)                   Payments to employees
Kas yang dihasilkan dari operasi                      1.135.186                       1.176.228           Cash generated from operations
Penerimaan restitusi pajak                              478.580        19e              293.766                   Receipts of tax refunds
Penerimaan pendapatan keuangan                          198.064                          74.648               Receipts of finance income
Pembayaran kepada pemerintah                           (141.525)                       (126.195)                Cash paid to government
Pembayaran beban administrasi bank                      (21.415)                        (16.025)         Payments of bank administrations
Pembayaran pajak penghasilan                            (17.308)                        (17.749)               Payments of income taxes
Penerimaan lainnya - neto                               115.560                           5.317                       Other receipts - net
Kas neto diperoleh dari                                                                                              Net cash provided by
  aktivitas operasi                                   1.747.142                       1.389.990                      operating activities
ARUS KAS DARI                                                                                                        CASH FLOWS FROM
AKTIVITAS INVESTASI                                                                                               INVESTING ACTIVITIES
Penerimaan dari penjualan aset tetap                        703        12                   846         Proceeds from sale of fixed assets
Pembelian aset tetap                                   (354.762)                       (474.377)                  Purchases of fixed assets
Pembelian aset tetap untuk piutang                                                                                 Purchase of fixed assets
  sewa pembiayaan                                               -                         (5.957)         for finance lease receivables
Pembelian barang konsumsi                                                                                              Purchase of long-life
  tahan lama                                            (49.710)                          (5.456)                    consumable goods
Pembelian aset takberwujud                              (20.089)       13                 (2.795)           Purchases of intangible assets
Penerimaan dividen kas dari                                                                               Receipts of cash dividends from
  perusahaan asosiasi                                    15.345                                 -                            associates
Penempatan deposito berjangka                           (69.147)                                -               Placement of time deposits
Kas neto digunakan untuk                                                                                                  Net cash used in
  aktivitas investasi                                  (477.660)                       (487.739)                      investing activities
ARUS KAS DARI                                                                                                         CASH FLOWS FROM
AKTIVITAS PENDANAAN                                                                                               FINANCING ACTIVITIES
Penerimaan dari pinjaman bank                           540.150         38              353.977                  Proceeds from bank loans
Pembayaran pinjaman bank                               (399.386)        38             (310.716)                   Payments for bank loans
Pembayaran liabilitas sewa                             (258.490)                       (258.639)                Payments of lease liabilities
Pembayaran dividen kas                                 (201.220)       25c             (189.032)                Payments of cash dividends
Pembayaran bunga                                                                                                        Payment of interests
  pinjaman dan imbalan sukuk                            (87.091)                        (73.221)                     from loan and sukuk
Kas neto digunakan untuk                                                                                                   Net cash used in
  aktivitas pendanaan                                  (406.037)                       (477.631)                      financing activities
Dampak perubahan selisih kurs                                                                           Effect of exchange rate changes
  terhadap kas dan setara kas                              7.887                          (3.870)       on cash and cash equivalents
KENAIKAN NETO                                                                                                     NET INCREASE IN
KAS DAN SETARA KAS                                      871.332                         420.750        CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS                                                                                    CASH AND CASH EQUIVALENTS
PADA AWAL TAHUN                                       2.077.725                       1.656.975      AT THE BEGINNING OF THE YEAR
KAS DAN SETARA KAS PADA                                                                                CASH AND CASH EQUIVALENTS
AKHIR TAHUN                                           2.949.057         4             2.077.725            AT THE END OF THE YEAR




         Catatan atas laporan keuangan konsolidasian terlampir               The accompanying notes to the consolidated financial statements
     merupakan bagian yang tidak terpisahkan dari laporan keuangan            form an integral part of these consolidated financial statements
                 konsolidasian ini secara keseluruhan.                                                taken as a whole.

                                                                       5
                                                                                                    2024 Annual Report PT ELNUSA Tbk             491
Page 494
                                                                    The original consolidated financial statements included herein are in the
                                                                                                                       Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                      PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                As of December 31, 2024
           dan untuk Tahun yang Berakhir                                           and for the Year Then Ended
               pada Tanggal Tersebut                                             (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                           Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


1.    UMUM                                                     1.       GENERAL

      a.   Pendirian Perusahaan                                         a.    Establishment of the Company

           PT Elnusa Tbk (“Perusahaan”) didirikan dengan                      PT Elnusa Tbk (the “Company”) was established
           nama PT Electronika Nusantara berdasarkan                          under the name of PT Electronika Nusantara
           Akta Notaris No. 18 tanggal 25 Januari 1969                        based on Notarial Deed No. 18 dated
           dari Tan Thong Kie, S.H., sebagaimana diubah                       January 25, 1969 of Tan Thong Kie, S.H., which
           melalui Akta Notaris No. 10 tanggal                                was subsequently amended by Notarial Deed No.
           13 Februari 1969 dari notaris yang sama. Akta                      10 dated February 13, 1969 of the same notary.
           pendirian ini, yang merupakan Anggaran Dasar                       The Deed of Establishment, which is the
           Perusahaan, telah mendapat pengesahan dari                         Company’s Articles of Association, was approved
           Menteri Kehakiman Republik Indonesia melalui                       by the Minister of Justice of the Republic of
           Surat Keputusan No. J.A.5/18/24 tanggal                            Indonesia in his Decision Letter No. J.A.5/18/24
           19 Februari 1969, serta telah diumumkan dalam                      dated February 19, 1969, and was published in
           Berita Negara Republik Indonesia No. 35,                           Supplement No. 35 of State Gazette of the
           Tambahan No. 58 tanggal 2 Mei 1969.                                Republic of Indonesia No. 58 dated May 2, 1969.
           Anggaran Dasar Perusahaan telah mengalami                          The Company’s Articles of Association has been
           beberapa kali perubahan, perubahan terakhir                        amended several times, the latest amendments of
           sehubungan dengan persetujuan pemegang                             which were in connection with the shareholders’
           saham atas perubahan Pasal 3 Anggaran                              approval of the amendments of Article 3 of the
           Dasar Perusahaan untuk disesuaikan dengan                          Company’s Articles of Association to align with
           Klasifikasi Baku Lapangan Usaha Indonesia                           the 2020 Indonesian Standard Industrial
           (“KBLI”) 2020 sebagaimana disebutkan dalam                         Classification (“Klasifikasi Baku Lapangan Usaha
           Akta Notaris Aryanti Artisari, S.H., M.Kn., No. 8                  Indonesia” or “KBLI”) as stated in Notarial Deed of
           tanggal 17 Oktober 2022. Perubahan tersebut                        Aryanti Artisari, S.H., M.Kn., No. 8 dated October
           telah disetujui oleh Menteri Hukum dan Hak                         17, 2022. The said amendments were approved
           Asasi Manusia melalui Surat Keputusan No.                          by the Minister of Law and Human Rights in his
           AHU-0082444.AH.01.02. Tahun 2022 tanggal                           Decision Letter No. AHU-0082444.AH.01.02.
           15 November 2022.                                                  Year 2022 dated November 15, 2022.

           Berdasarkan Anggaran Dasar Perusahaan,                             In accordance with the Company’s Articles of
           ruang lingkup kegiatan Perusahaan adalah                           Association, the scope of its activities is in the
           bergerak di bidang jasa, pengelolaan air dan air                   business of services, water and wastewater
           limbah,      perdagangan,       pertambangan,                      management, trading, mining, construction and
           pembangunan dan perindustrian. Saat ini,                           industry. Currently, the Company is engaged in
           Perusahaan beroperasi di bidang jasa hulu                          upstream oil and gas services and investing in
           migas dan penyertaan saham pada entitas anak                       shares of stock of subsidiaries and joint ventures
           serta ventura bersama yang bergerak dalam                          that are engaged in various businesses in oil and
           berbagai bidang usaha jasa penunjang migas                         gas support services and energy distribution and
           dan jasa distribusi dan logistik energi.                           logistics services. The Company also provides
           Perusahaan juga beroperasi di bidang                               goods and services including providing and
           penyediaan barang dan jasa termasuk                                managing office space for its subsidiaries, related
           penyediaan      dan      pengelolaan      ruang                    parties and third parties.
           perkantoran kepada entitas anak, pihak berelasi
           dan pihak ketiga.

           Perusahaan berdomisili di Graha Elnusa,                            The Company is located at Graha Elnusa,
           Lantai 16, Jl. T.B. Simatupang Kav. 1B, Jakarta                    16th Floor, Jl. T.B. Simatupang Kav. 1B, South
           Selatan, dan mulai beroperasi secara komersial                     Jakarta, and started its commercial operations in
           pada bulan September 1969.                                         September 1969.

           Entitas induk Perusahaan adalah PT Pertamina                       The Company’s parent is PT Pertamina Hulu
           Hulu Energi. Entitas induk terakhir Perusahaan                     Energi. The Company’s ultimate parent is
           adalah PT Pertamina (Persero).                                     PT Pertamina (Persero).




                                                                    6
492    PT ELNUSA Tbk Laporan Tahunan 2024
Page 495
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                     PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                               As of December 31, 2024
          dan untuk Tahun yang Berakhir                                          and for the Year Then Ended
              pada Tanggal Tersebut                                            (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                          Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


1.   UMUM (lanjutan)                                         1.       GENERAL (continued)

     b.   Penawaran umum saham                                        b.    Public offering of shares

          Pada tanggal 25 Januari 2008, Badan                               On January 25, 2008, the Capital Market and
          Pengawas Pasar Modal dan Lembaga                                  Financial Institutions Supervisory Agency
          Keuangan (“Bapepam-LK”) menerbitkan Surat                         (“Bapepam-LK”) issued the Effective Statement
          Pemberitahuan Efektif Pernyataan Pendaftaran                      Letter in accordance with the Company’s Initial
          sehubungan dengan Penawaran Umum Saham                            Public Offering of 1,460,000,000 shares. On
          Perdana Perusahaan sebanyak 1.460.000.000                         February 6, 2008, the Company’s shares were
          saham. Pada tanggal 6 Februari 2008, saham                        listed on the Indonesia Stock Exchange at an
          Perusahaan mulai diperdagangkan di Bursa                          initial offering price of Rp400 (full amount) per
          Efek Indonesia dengan harga penawaran                             share.
          perdana sebesar Rp400 (nilai penuh) per
          saham.

          Ringkasan tindakan korporasi Perusahaan                           The summary of the Company’s corporate actions
          (corporate actions) yang mempengaruhi saham                       affecting its capital stock from the date of its initial
          yang diterbitkan sejak tanggal penawaran                          public offering up to December 31, 2024 is as
          umum perdana sampai dengan tanggal                                follows:
          31 Desember 2024, adalah sebagai berikut:
                                                                                           Jumlah saham                 Nilai nominal
                                                                                            ditempatkan                   per saham
                                                                                            dan disetor                 dalam Rupiah
                                                                                               penuh/                  (angka penuh)/
                                                                                             Number of                  Par value per
                                                 Keterangan/                               shares issued               share in Rupiah
             Tanggal/Date                        Description                               and fully paid               (full amount)

          29-31 Januari 2008/   Penawaran umum perdana sebanyak 20%
          January 29-31, 2008   dari Modal Dasar atau sebanyak
                                1.460.000.000 saham/
                                Initial public offering amounting to 20% of
                                Authorized Capital or equivalent to
                                1,460,000,000 shares                                         7.298.500.000                     100

          6 Februari 2008/      Mencatatkan saham Perusahaan yang
          February 6, 2008      beredar sebanyak 7.298.500.000 saham di
                                BEI dengan kode perdagangan “ELSA”/
                                Listed 7,298,500,000 shares issued at IDX
                                under “ELSA” ticker                                          7.298.500.000                     100

          13 Oktober 2008 -     Pembelian kembali 99.738.000 saham dan
          12 Januari 2009/      mencatatkannya sebagai saham treasury/
          October 13, 2008 -    Buy back of 99,738,000 shares and recorded
          January 12, 2009      as treasury stocks                                           7.298.500.000                     100

          16 Desember 2011/     Menerbitkan Keterbukaan Informasi untuk
          December 16, 2011     melakukan penjualan kembali atas saham
                                treasury efektif mulai 2 Januari 2012/
                                Published an Information Disclosure regarding
                                sell back program on the treasury stocks
                                effective on January 2, 2012                                 7.298.500.000                     100

          28 Juni 2013/         Menerbitkan Keterbukaan Informasi bahwa
          June 28, 2013         Perusahaan telah melakukan pengalihan atau
                                penjualan atas seluruh saham hasil pembelian
                                kembali/
                                Published an Information Disclosure regarding
                                sell back of the Company’s shares on the buy
                                back program                                                 7.298.500.000                     100




                                                                  7
                                                                                           2024 Annual Report PT ELNUSA Tbk            493
Page 496
                                                                 The original consolidated financial statements included herein are in the
                                                                                                                    Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                             As of December 31, 2024
           dan untuk Tahun yang Berakhir                                        and for the Year Then Ended
               pada Tanggal Tersebut                                          (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                        Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


1.    UMUM (lanjutan)                                       1.       GENERAL (continued)

      b.   Penawaran umum saham (lanjutan)                           b.    Public offering of shares (continued)

           Pada tanggal 31 Desember 2024 dan                               As of December 31, 2024 and 2023, all of the
           2023, seluruh saham Perusahaan tercatat di                      Company’s shares are listed on the Indonesia
           Bursa Efek Indonesia.                                           Stock Exchange.

      c.   Penawaran umum berkelanjutan           Sukuk              c.    Public offering of sustainable Sukuk Ijarah 1
           Ijarah Berkelanjutan 1 Tahap 1                                  Phase 1

           Pada tanggal 3 Agustus 2020, Perusahaan                         On August 3, 2020, the Company has obtained an
           telah mendapatkan pernyataan efektif dari                       effective statement from Otoritas Jasa Keuangan
           Otoritas Jasa Keuangan (“OJK”) atas                             (“OJK”) on the issuance of Sukuk Ijarah
           penerbitan Sukuk Ijarah Berkelanjutan 1 Elnusa                  Berkelanjutan (sustainable Sukuk Ijarah) 1 Phase
           Tahap 1 Tahun 2020 dengan sisa imbalan                          1 Year 2020, with Residual Ijarah Benefits
           Ijarah sebesar Rp700.000. Sukuk Ijarah ini                      amounted to Rp700,000. The Sukuk Ijarah is
           diterbitkan tanpa warkat dan dijamin dengan                     issued without notes and guaranteed with full
           kesanggupan penuh (full commitment) dan                         commitments and offered with 100% value of
           ditawarkan dengan nilai 100% dari jumlah sisa                   Residual Ijarah Benefits, with period of 5 (five)
           imbalan ijarah, dengan jangka waktu 5 (lima)                    years from the issue date. The Ijarah Installments
           tahun sejak tanggal emisi. Cicilan Imbalan                      amounted Rp63,000, or equivalent of 9%
           Ijarah adalah sebesar Rp63.000, atau ekuivalen                  annually, which will be paid every 3 (three)
           sebesar 9% per tahun yang akan dibayarkan                       months and will be due on August 11, 2025 (Note
           setiap 3 (tiga) bulan, dan jatuh tempo pada                     22).
           11 Agustus 2025 (Catatan 22).

      d.   Dewan Komisaris, Direksi, Komite Audit dan                d.    Board of Commissioners, Directors, Audit
           karyawan                                                        Committee and employees

           Pada tanggal 31 Desember 2024 dan 2023,                         As of December 31, 2024 and 2023, the
           susunan Dewan Komisaris dan Direksi                             composition of the Company’s Boards of
           Perusahaan adalah sebagai berikut:                              Commissioners and Directors is as follows:

           31 Desember 2024                                                                                    December 31, 2024
           Dewan Komisaris                                                                                 Board of Commissioners
           Komisaris Utama merangkap                                                                   President Commissioner and
             Komisaris Independen                      Eko Ariantoro                                  Independent Commissioner
           Komisaris Independen                  Denie Samuel Tampubolon                                Independent Commissioner
           Komisaris                                Nur Endro Buwono                                                 Commissioner
           Komisaris                                 Ariana Soemanto                                                 Commissioner
           Direksi                                                                                             Board of Directors
           Direktur Utama                          Bachtiar Soeria Atmadja                                     President Director
           Direktur Pengembangan Usaha             Arief Prasetyo Handoyo                          Business Development Director
           Direktur Operasi                            Endro Hartanto                                         Operations Director
           Direktur Keuangan                           Stanley Iriawan                                           Finance Director
           Direktur Sumber Daya Manusia                                                                        Human Resources
             & Umum                                   Hera Handayani                                   & General Affair Director
           31 Desember 2023                                                                                    December 31, 2023
           Dewan Komisaris                                                                                 Board of Commissioners
           Komisaris Utama                             Agus Prabowo                                        President Commissioner
           Komisaris Independen                      Lusiaga Levi Susila                                Independent Commissioner
           Komisaris Independen                   Hernawan Bekti Sasongko                               Independent Commissioner
           Komisaris                                   Wakhid Hasyim                                                 Commissioner

           Direksi                                                                                             Board of Directors
           Direktur Utama                           John Hisar Simamora                                        President Director
           Direktur Pengembangan Usaha                Ratih Esti Prihatini                         Business Development Director
           Direktur Operasi                    Charles Harianto Lumban Tobing                                 Operations Director
           Direktur Keuangan                      Bachtiar Soeria Atmadja                                        Finance Director
           Direktur Sumber Daya Manusia                                                                        Human Resources
             & Umum                                   Hera Handayani                                   & General Affair Director
                                                                 8
494    PT ELNUSA Tbk Laporan Tahunan 2024
Page 497
                                                                                      The original consolidated financial statements included herein are in the
                                                                                                                                         Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                         PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                                NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                                                   As of December 31, 2024
          dan untuk Tahun yang Berakhir                                                              and for the Year Then Ended
              pada Tanggal Tersebut                                                                (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                                              Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


1.   UMUM (lanjutan)                                                             1.       GENERAL (continued)

     d.    Dewan Komisaris, Direksi, Komite Audit dan                                     d.    Board of Commissioners, Directors, Audit
           karyawan (lanjutan)                                                                  Committee and employees (continued)

           Personil manajemen kunci Perusahaan adalah                                           Key management personnel of the Company are
           Dewan Komisaris dan Direksi sebagaimana                                              the above mentioned Boards of Commissioners
           disebutkan di atas (Catatan 32h).                                                    and Directors (Note 32h).

           Pada tanggal 31 Desember 2024 dan 2023,                                              As of     December 31, 2024 and 2023, the
           susunan Komite Audit Perusahaan adalah                                               composition of the Company’s Audit Committee is
           sebagai berikut:                                                                     as follows:

            31 Desember 2024                                                                                                           December 31, 2024
            Ketua                                               Denie Samuel Tampubolon                                                       Chairman
            Anggota                                                   Adil Nusyirwan                                                            Member
            Anggota                                                Maryanto Makhdori                                                            Member

            31 Desember 2023                                                                                                           December 31, 2023
            Ketua                                                  Hernawan Bekti Sasongko                                                    Chairman
            Anggota                                                     Adil Nusyirwan                                                          Member
            Anggota                                                   Maryanto Makhdori                                                         Member

           Perusahaan dan entitas anaknya memiliki 1.879                                        The Company and its subsidiaries have 1,879
           karyawan (1.386 karyawan tetap dan 493                                               employees (1,386 permanent employees and 493
           karyawan kontrak) dan memiliki 1.810                                                 contractual employees) and 1,810 employees
           karyawan (1.385 karyawan tetap dan 425                                               (1,385 permanent employees and 425 contractual
           karyawan kontrak) masing-masing pada                                                 employees) as of December 31, 2024 and 2023,
           tanggal 31 Desember 2024 dan 2023.                                                   respectively.

     e.    Entitas Anak                                                                   e.    Subsidiaries

           Laporan keuangan konsolidasian meliputi                                              The consolidated financial statements include the
           laporan keuangan Perusahaan dan entitas                                              financial statements of the Company and its
           anaknya (secara kolektif disebut sebagai                                             subsidiaries (collectively referred to as the
           “Grup”) sebagai berikut:                                                             “Group”) as follows:
                                                                                                           Persentase kepemilikan      Total aset sebelum
                                                                                              Mulai                 efektif/                eliminasi/
                                                                                          beroperasi       Effective percentage of     Total assets before
                                                                                             secara               ownership                elimination
                                                                       Tempat              komersial/
                                                                     kedudukan/             Start of     31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/
              Nama entitas anak/        Kegiatan usaha/                Place of           commercial     December 31, December 31 December 31, December 31
             Name of subsidiaries      Business activities            domicile            operations         2024         2023         2024         2023

          Kepemilikan langsung/
            Direct ownership
          PT Sigma Cipta Utama      Manajemen data, teknologi          Jakarta                    1980          99,99          99,99    385.642       372.578
             (“SCU”)                  informasi dan
                                      telekomunikasi/
                                      Data management,
                                      information technology
                                      and telecommunications

          PT Elnusa Fabrikasi       Jasa penguliran, perdagangan       Batam                      1983          99,97          99,97    430.884       359.142
             Konstruksi (“EFK”)        dan pabrikasi pipa/
                                       Pipe threading, trading and
                                       manufacturing services

          PT Elnusa Petrofin        SPBU, depo, transportasi dan       Jakarta                    1996          99,99          99,99   4.035.700    3.679.254
             (“EPN”)                  perdagangan BBM dan
                                      bahan kimia/
                                      Retail gas station, fuel
                                      storage, oil and chemicals
                                      distribution and trading




                                                                                      9
                                                                                                                 2024 Annual Report PT ELNUSA Tbk            495
Page 498
                                                                                            The original consolidated financial statements included herein are in the
                                                                                                                                               Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                            PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                                   NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                                           FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                                      As of December 31, 2024
           dan untuk Tahun yang Berakhir                                                                 and for the Year Then Ended
               pada Tanggal Tersebut                                                                   (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                                                 Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


1.    UMUM (lanjutan)                                                                  1.     GENERAL (continued)

      e.    Entitas Anak (lanjutan)                                                           e.    Subsidiaries (continued)

            Laporan keuangan konsolidasian meliputi                                                 The consolidated financial statements include the
            laporan keuangan Perusahaan dan entitas                                                 financial statements of the Company and its
            anaknya (secara kolektif disebut sebagai                                                subsidiaries (collectively referred to as the
            “Grup”) sebagai berikut: (lanjutan)                                                     “Group”) as follows: (continued)
                                                                                                                  Persentase kepemilikan        Total aset sebelum
                                                                                                  Mulai                    efektif/                  eliminasi/
                                                                                              beroperasi          Effective percentage of       Total assets before
                                                                                                 secara                  ownership                  elimination
                                                                             Tempat            komersial/
                                                                           kedudukan/           Start of        31 Desember/ 31 Desember/ 31 Desember/ 31 Desember/
               Nama entitas anak/             Kegiatan usaha/                Place of         commercial        December 31, December 31 December 31, December 31
              Name of subsidiaries           Business activities            domicile          operations            2024         2023         2024         2023

           Kepemilikan langsung/
             Direct ownership

           PT Patra Nusa Data             Jasa perolehan dan                 Jakarta                   1998            99,50          99,50      146.112       142.452
              (“PND”)                        dan produksi migas/
                                             Oil and gas exploration and
                                             production data acquisition
                                             and management services
           PT Elnusa Trans Samudera       Jasa penyewaan kapal laut          Jakarta                   2014            99,99          99,99      603.523       577.050
              (“ETSA”)                       dan agen perkapalan
                                             perusahaan pelayaran/
                                             Ship rental services and
                                             shipping agent of
                                             shipping company
           PT Elnusa Geosains             Belum beroperasi/                  Jakarta                        -          99,99          99,99       12.880        12.686
              Indonesia (“EGI”)              Pre-operating
           PT Elnusa Oilfield Services    Belum beroperasi/                  Jakarta                        -          99,99          99,99       50.276        47.289
              (“EOS”)                        Pre-operating
           KSO Elnusa - RAGA              Jasa pemeliharaan mekanik/
                                             Mechanical maintenance
                                             service                         Jakarta                   2016           100,00         100,00       70.795        68.359
           Kepemilikan melalui EPN/
             Ownership through EPN
           PT Elnusa Daya Kreatif         Belum beroperasi/                  Jakarta                        -          99,99                -     10.001              -
              (“EDK”)                        Pre-operating

           PT Petrofin Energi Nusantara   Belum beroperasi/                  Jakarta                        -          99,67                -        301              -
              (“FINERA”)                     Pre-operating

           Kepemilikan melalui EFK/
             Ownership through EFK
           PT Elnusa Daya Kreatif         Belum beroperasi/                  Jakarta                        -              -          99,99             -       10.001
              (“EDK”)                        Pre-operating




      f.    Penerbitan laporan keuangan konsolidasian                                         f.    Issuance of consolidated financial statements

            Laporan     keuangan      konsolidasian     ini                                         These consolidated financial statements are
            diselesaikan dan diotorisasi untuk terbit oleh                                          completed and authorized for issuance by the
            Direksi     Perusahaan       pada     tanggal                                           Company’s Directors on March 19, 2025. The
            19 Maret 2025. Direksi Perusahaan yang                                                  Company’s Directors who signed the Directors’
            menandatangani Surat Pernyataan Direksi                                                 Statement are responsible for the fair preparation
            bertanggung jawab atas penyusunan dan                                                   and presentation of such consolidated financial
            penyajian      wajar    laporan     keuangan                                            statements.
            konsolidasian tersebut.




                                                                                        10
496    PT ELNUSA Tbk Laporan Tahunan 2024
Page 499
                                                                 The original consolidated financial statements included herein are in the
                                                                                                                    Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                  PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                            As of December 31, 2024
          dan untuk Tahun yang Berakhir                                       and for the Year Then Ended
              pada Tanggal Tersebut                                         (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                       Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                 2.     SUMMARY     OF   MATERIAL                          ACCOUNTING
     MATERIAL                                                      POLICIES INFORMATION

     a.   Dasar    penyajian      laporan     keuangan             a.    Basis of preparation of the consolidated
          konsolidasian                                                  financial statements

          Laporan keuangan konsolidasian telah disusun                   The consolidated financial statements have been
          sesuai dengan Standar Akuntansi Keuangan di                    prepared in accordance with Indonesian Financial
          Indonesia (“SAK”), yang mencakup Pernyataan                    Accounting Standards (“SAK”), which comprise
          dan Interpretasi yang dikeluarkan oleh Dewan                   the Statements and Interpretations issued by the
          Standar Akuntansi Keuangan Ikatan Akuntan                      Financial Accounting Standards Board of the
          Indonesia (“DSAK IAI”) dan Peraturan-                          Institute of Indonesia Chartered Accountants
          Peraturan serta Pedoman Penyajian dan                          (Dewan Standar Akuntansi Keuangan Ikatan
          Pengungkapan Laporan Keuangan yang                             Akuntan Indonesia or “DSAK IAI”) and the
          diterbitkan oleh Otoritas Jasa Keuangan                        Regulations and Guidelines on Financial
          (“OJK”).                                                       Statement Presentation and Disclosures issued
                                                                         by Financial Services Authority (Otoritas Jasa
                                                                         Keuangan” or “ OJK”).

          Laporan keuangan konsolidasian disusun                         The consolidated financial statements have been
          berdasarkan konsep akrual, kecuali laporan                     prepared on the accrual basis, except for the
          arus kas konsolidasian, dengan menggunakan                     consolidated statement of cash flows, using the
          konsep biaya historis, kecuali seperti yang                    historical cost concept of accounting, except as
          disebutkan dalam Catatan atas laporan                          disclosed in the relevant Notes to the consolidated
          keuangan konsolidasian yang relevan.                           financial statements herein.

          Laporan arus kas konsolidasian disajikan                       The consolidated statement of cash flows is
          dengan menggunakan metode langsung yang                        presented using the direct method by classifying
          mengelompokkan            penerimaan        dan                the receipts and disbursements of cash and cash
          pengeluaran kas dan setara kas ke dalam                        equivalents into operating, investing and financing
          aktivitas operasi, investasi dan pendanaan.                    activities.

          Kebijakan akuntansi yang diterapkan oleh Grup                  The accounting policies adopted by the Group are
          adalah selaras bagi tahun yang dicakup oleh                    consistently applied for the years covered by the
          laporan keuangan konsolidasian, kecuali untuk                  consolidated financial statements, except for new
          standar akuntansi baru dan revisi seperti                      and revised accounting standards as disclosed in
          diungkapkan pada Catatan 2c dibawah ini.                       the following Note 2c.

          Grup telah menyusun laporan keuangan                           The Group has prepared the consolidated
          konsolidasian dengan dasar bahwa Grup akan                     financial statements on the basis that it will
          terus beroperasi secara berkesinambungan.                      continue to operate as a going concern.

          Seluruh angka dalam laporan keuangan                           All figures in the consolidated financial statements
          konsolidasian ini, dibulatkan dan disajikan                    are rounded to and expressed in millions of
          dalam jutaan Rupiah (“Rp”), kecuali dinyatakan                 Rupiah (“Rp”), unless otherwise stated.
          lain.




                                                             11
                                                                                          2024 Annual Report PT ELNUSA Tbk            497
Page 500
                                                                      The original consolidated financial statements included herein are in the
                                                                                                                         Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                      PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                As of December 31, 2024
           dan untuk Tahun yang Berakhir                                           and for the Year Then Ended
               pada Tanggal Tersebut                                             (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                           Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

      b.   Prinsip-prinsip konsolidasi                                  b.    Principles of consolidation

           Laporan keuangan konsolidasian meliputi                            The consolidated financial statements comprise
           laporan keuangan Perusahaan dan entitas-                           the financial statements of the Company and its
           entitas anak. Kendali diperoleh bila Grup                          subsidiaries. Control is achieved when the Group
           terekspos atau memiliki hak atas imbal hasil                       is exposed, or has rights, to variable returns from
           variabel dari keterlibatannya dengan investee                      its involvement with the investee and has the
           dan memiliki kemampuan untuk mempengaruhi                          ability to affect those returns through its power
           imbal hasil tersebut melalui kekuasaannya atas                     over the investee. Thus, the Group controls an
           investee.     Dengan      demikian,        investor                investee if and only if the Group has all of the
           mengendalikan investee jika dan hanya jika                         following:
           investor memiliki seluruh hal berikut ini:

           i)   Kekuasaan atas investee, yaitu hak yang                       i) Power over the investee, that is existing rights
                ada saat ini yang memberi investor                               that give the Group current ability to direct the
                kemampuan kini untuk mengarahkan                                 relevant activities of the investee,
                aktivitas relevan dari investee,
           ii) Eksposur atau hak atas imbal hasil variabel                    ii) Exposure, or rights, to variable returns from its
                dari keterlibatannya dengan investee, dan                         involvement with the investee, and
           iii) Kemampuan          untuk       menggunakan
                kekuasaannya       atas     investee  untuk                   iii) The ability to use its power over the investee
                mempengaruhi jumlah imbal hasil.                                   to affect its returns.

           Bila Grup tidak memiliki hak suara atau hak                        When the Group has less than a majority of the
           serupa secara mayoritas atas suatu investee,                       voting or similar rights of an investee, the Group
           Grup mempertimbangkan semua fakta dan                              considers all relevant facts and circumstances in
           keadaan yang relevan dalam mengevaluasi                            assessing whether it has power over an investee,
           apakah mereka memiliki kekuasaan atas                              including:
           investee, termasuk:

           i)   Pengaturan kontraktual dengan pemilik hak                      i) The contractual arrangement with the other
                suara lainnya dari investee,                                       vote holders of the investee,
           ii) Hak yang timbul atas pengaturan                                ii) Rights arising from other contractual
                kontraktual lain, dan                                              arrangements, and
           iii) Hak suara dan hak suara potensial yang                        iii) The Group's voting rights and potential voting
                dimiliki Grup.                                                     rights.

           Grup menilai kembali apakah mereka                                 The Group re-assesses whether or not it controls
           mengendalikan investee bila fakta dan keadaan                      an investee if facts and circumstances indicate
           mengindikasikan adanya perubahan terhadap                          that there are changes to one or more of the three
           satu atau lebih dari ketiga elemen dari                            elements of control. Consolidation of a subsidiary
           pengendalian. Konsolidasi atas entitas-entitas                     begins when the Group obtains control over the
           anak dimulai sejak Grup memperoleh                                 subsidiary and ceases when the Group loses
           pengendalian atas entitas anak dan berakhir                        control of the subsidiary. Assets, liabilities, income
           pada saat Grup kehilangan pengendalian atas                        and expenses of a subsidiary acquired during the
           entitas anak. Aset, liabilitas, penghasilan dan                    year are included in the consolidated financial
           beban dari entitas anak yang diakuisisi pada                       statements from the date the Group gains control
           tahun tertentu disertakan dalam laporan                            until the date the Group ceases to control the
           keuangan konsolidasian sejak tanggal Grup                          subsidiary.
           memperoleh kendali sampai tanggal Grup tidak
           lagi mengendalikan entitas anak tersebut.




                                                                  12
498    PT ELNUSA Tbk Laporan Tahunan 2024
Page 501
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                              As of December 31, 2024
          dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
              pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     b.   Prinsip-prinsip konsolidasi (lanjutan)                     b.    Principles of consolidation (continued)

          Seluruh laba rugi dan setiap komponen                            Profit or loss and each component of other
          penghasilan      komprehensif     lain  (“PKL”)                  comprehensive income (“OCI”) are attributed to
          diatribusikan pada pemilik entitas induk dan                     the equity holders of the parent of the Group and
          pada kepentingan nonpengendali (“KNP”),                          to the non-controlling interests (“NCI”), even if this
          walaupun hal ini akan menyebabkan saldo KNP                      results in the NCI having a deficit balance. When
          yang defisit. Bila dipandang perlu, penyesuaian                  necessary, adjustments are made to the financial
          dilakukan terhadap laporan keuangan entitas                      statements of subsidiaries to bring their
          anak untuk diselaraskan dengan kebijakan                         accounting policies into line with the Group’s
          akuntansi Grup.                                                  accounting policies.

          Seluruh aset dan liabilitas, ekuitas, penghasilan                All intra-group assets and liabilities, equity,
          dan beban dan arus kas atas transaksi antar                      income, expenses and cash flows relation to
          anggota Grup dieliminasi sepenuhnya pada                         transactions between members of the Group are
          saat konsolidasi.                                                eliminated in full on consolidation.

          Perubahan dalam bagian kepemilikan Grup                          A change in the ownership interest of a subsidiary,
          pada entitas anak yang tidak mengakibatkan                       without a loss of control, is accounted for as an
          hilangnya pengendalian dicatat sebagai                           equity transaction. If the Group loses control over
          transaksi ekuitas. Bila kehilangan pengendalian                  a subsidiary, it derecognizes the related assets
          atas suatu entitas anak, maka Grup                               (including goodwill), liabilities, NCI and other
          menghentikan pengakuan atas aset (termasuk                       component of equity, while the difference is
          goodwill), liabilitas dan komponen lain dari                     recognized in the profit or loss. Any investment
          ekuitas terkait, dan selisihnya diakui pada laba                 retained is recognized at fair value.
          rugi. Bagian dari investasi yang tersisa diakui
          pada nilai wajar.

     c.   Perubahan kebijakan akuntansi                              c.    Changes in accounting principles

          Grup menerapkan pertama kali seluruh standar                     The Group made first time adoption of all the
          yang direvisi yang berlaku efektif untuk periode                 revised standards effective for the periods
          yang     dimulai     pada      atau      setelah                 beginning on or after January 1, 2024, including
          1 Januari 2024, termasuk standar yang direvisi                   the following revised standards that have affected
          berikut ini yang mempengaruhi laporan                            the consolidated financial statements of the
          keuangan konsolidasian Grup:                                     Group:

          Nomenklatur Standar Akuntansi Keuangan                           Financial Accounting Standards Nomenclature

          Nomenklatur revisian diatur ulang dan diubah                     The revised nomenclature is reordered and
          sebagaimana yang dipublikasikan oleh DSAK                        amended based on those as published by DSAK
          IAI untuk periode keuangan yang dimulai pada                     IAI for financial periods beginning on and after
          dan setelah tanggal 1 Januari 2024.                              January 1, 2024.




                                                               13
                                                                                            2024 Annual Report PT ELNUSA Tbk            499
Page 502
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                             As of December 31, 2024
           dan untuk Tahun yang Berakhir                                        and for the Year Then Ended
               pada Tanggal Tersebut                                          (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                        Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

      c.   Perubahan kebijakan akuntansi (lanjutan)                  c.    Changes in accounting principles (continued)

           Amandemen PSAK 201: Liabilitas Jangka                           Amendment of PSAK 201: Non-current Liabilities
           Panjang dengan Kovenan                                          with Covenants

           Amandemen ini menentukan persyaratan untuk                      The amendments specify the requirements for
           mengklasifikasikan suatu liabilitas sebagai                     classifying liabilities as current or non-current and
           jangka pendek atau jangka panjang dan                           clarify:
           menjelaskan:
           •   hal yang dimaksud sebagai hak untuk                             what is meant by a right to defer settlement,
               menangguhkan pelunasan,
           •   hak untuk menangguhkan pelunasan harus                          the right to defer must exist at the end of the
               ada pada akhir periode pelaporan,                                reporting period,
           •   klasifikasi tersebut tidak dipengaruhi oleh                     classification is not affected by the likelihood
               kemungkinan entitas akan menggunakan                             that an entity will exercise its deferral right,
               haknya untuk menangguhkan liabilitas, dan                        and
           •   hanya jika derivatif melekat pada liabilitas                    only if an embedded derivative in a convertible
               konversi tersebut adalah suatu instrumen                         liability is an equity instrument would the
               ekuitas, maka syarat dan ketentuan dari                          terms and conditions of a liability will not
               suatu liabilitas konversi tidak akan                             impact its classification.
               berdampak pada klasifikasinya.

           Selain   itu,   entitas  diwajibkan   untuk                     In addition, an entity is required to disclose when
           mengungkapkan ketika kewajiban, yang timbul                     a liability, arising from a loan agreement, is
           dari perjanjian pinjaman, diklasifikasikan                      classified as non-current and the entity’s right to
           sebagai tidak lancar dan hak entitas untuk                      defer settlement is subject to compliance with
           menunda penyelesaian bergantung pada                            future covenants within twelve months.
           kepatuhan terhadap kovenan di masa depan
           dalam jangka waktu dua belas bulan.

           Amandemen ini tidak diharapkan akan                             The amendments are not expected to have an
           memberikan   dampak      terhadap laporan                       impact on the Group’s consolidated financial
           keuangan konsolidasian Grup.                                    statements.

           Amandemen PSAK 116: Liabilitas Sewa dalam                       Amendment of PSAK 116: Lease liability in a Sale
           Jual Beli dan Sewa-balik                                        and Leaseback

           Amandemen ini menetapkan persyaratan yang                       The amendment specifies the requirements that a
           digunakan penjual-penyewa dalam mengukur                        seller-lessee uses in measuring the lease liability
           kewajiban sewa yang timbul dalam transaksi                      arising in a sale and leaseback transaction, to
           jual beli dan sewa-balik, untuk memastikan                      ensure the seller-lessee does not recognise any
           penjual-penyewa tidak mengakui jumlah setiap                    amount of the gain or loss that relates to the right
           keuntungan atau kerugian yang terkait dengan                    of use it retains.
           hak guna yang dipertahankan.

           Amandemen ini tidak diharapkan akan                             The amendments are not expected to have an
           memberikan   dampak      terhadap laporan                       impact on the Group’s consolidated financial
           keuangan konsolidasian Grup.                                    statements.




                                                               14
500    PT ELNUSA Tbk Laporan Tahunan 2024
Page 503
                                                                    The original consolidated financial statements included herein are in the
                                                                                                                       Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                     PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                               As of December 31, 2024
          dan untuk Tahun yang Berakhir                                          and for the Year Then Ended
              pada Tanggal Tersebut                                            (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                          Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     c.   Perubahan kebijakan akuntansi (lanjutan)                    c.    Changes in accounting principles (continued)

          Amandemen PSAK 207 dan PSAK 107:                                  Amendment of PSAK 207 and PSAK 107:
          Pengaturan Pembiayaan Pemasok                                     Supplier Finance Arrangements

          Amandemen ini mengklarifikasi karakteristik                       This amendment clarifies the characteristics of
          pengaturan        pembiayaan     pemasok      dan                 supplier financing arrangements and requires
          mensyaratkan pengungkapan tambahan atas                           additional disclosure of such supplier financing
          pengaturan pembiayaan pemasok tersebut.                           arrangements. The disclosure requirements in
          Persyaratan pengungkapan dalam amandemen                          this amendment are intended to assist users of
          ini dimaksudkan untuk membantu pengguna                           financial statements in understanding the impact
          laporan keuangan dalam memahami dampak                            of supplier financing arrangements on an entity's
          pengaturan pembiayaan pemasok terhadap                            liabilities, cash flows, and exposure to liquidity
          liabilitas, arus kas, dan eksposur terhadap risiko                risk.
          likuiditas suatu entitas.

          Amandemen ini tidak diharapkan akan                               The amendments are not expected to have an
          memberikan   dampak      terhadap laporan                         impact on the Group’s consolidated financial
          keuangan konsolidasian Grup.                                      statements.

     d.   Investasi pada ventura bersama                              d.    Investment in joint ventures

          Ventura bersama adalah semua entitas yang                         Joint ventures are all entities which are jointly
          dikendalikan bersama oleh Grup bersama                            controlled by the Group and other venturers, in
          dengan venturer lain dimana Grup memilik hak                      which the Group has rights to only the net assets
          atas aset neto ventura bersama tersebut.                          of the joint ventures. Investments in joint ventures
          Investasi pada ventura bersama dicatat dengan                     are accounted for using the equity method of
          menggunakan metode ekuitas yang pada                              accounting and initially recognized at cost.
          awalnya diakui pada harga perolehannya.

          Bagian Grup atas laba rugi ventura bersama                        The Group’s share of the joint ventures’ post-
          pasca akuisisi diakui dalam laba rugi dan bagian                  acquisition profits or losses is recognized in profit
          atas mutasi penghasilan komprehensif lain                         or loss, and its share of post-acquisition
          pasca akuisisi diakui di dalam penghasilan                        movements in other comprehensive income is
          komprehensif lain dan diikuti dengan                              recognized in other comprehensive income with a
          penyesuaian pada jumlah tercatat investasi.                       corresponding adjustment to the carrying amount
          Dividen yang akan diterima dari ventura                           of the investment. Dividends receivable from joint
          bersama diakui sebagai pengurang jumlah                           ventures are recognized as reductions in the
          tercatat investasi. Jika bagian Grup atas                         carrying amount of the investment. When the
          kerugian ventura bersama sama dengan atau                         Group’s share of losses in a joint venture equals
          melebihi nilai kepemilikannya di ventura                          or exceeds its interest in the joint venture, the
          bersama, Grup menghentikan pengakuan                              Group does not recognize further losses, unless
          bagian kerugiannya, kecuali Grup memiliki                         the Group has incurred legal or constructive
          kewajiban hukum atau harus melakukan                              obligations or made payments on behalf of the
          pembayaran tertentu atas nama ventura                             joint venture.
          bersama tersebut.




                                                                15
                                                                                             2024 Annual Report PT ELNUSA Tbk            501
Page 504
                                                                       The original consolidated financial statements included herein are in the
                                                                                                                          Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                       PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                 As of December 31, 2024
           dan untuk Tahun yang Berakhir                                            and for the Year Then Ended
               pada Tanggal Tersebut                                              (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                            Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

      d.   Investasi pada ventura bersama (lanjutan)                     d.    Investment in joint ventures (continued)

           Laba rugi yang dihasilkan dari transaksi antara                     Profits and losses resulting from transactions
           Grup dengan ventura bersama diakui dalam                            between the Group and its joint ventures are
           laporan keuangan konsolidasian Grup hanya                           recognized in the Group’s consolidated financial
           sebesar bagian venturer lain yang tidak berelasi                    statements only to the extent of unrelated
           dalam ventura bersama. Pada setiap tanggal                          venturer’s interest in the joint ventures. The Group
           pelaporan, Grup menentukan apakah terdapat                          determines at each reporting date whether there
           bukti obyektif bahwa telah terjadi penurunan                        is any objective evidence that the investment in
           nilai pada investasi di ventura bersama. Jika                       the joint venture is impaired. If this is the case, the
           demikian, maka Grup menghitung besarnya                             Group calculates the amount of impairment as the
           penurunan nilai sebagai selisih antara jumlah                       difference between the recoverable amount of the
           yang terpulihkan dan jumlah tercatat investasi                      joint venture and its carrying amount and
           pada ventura bersama dan mengakui selisih                           recognizes the amount adjacent to “shares of
           tersebut pada “bagian atas laba (rugi) ventura                      profit (loss) of joint ventures” in profit or loss.
           bersama” dalam laba rugi.

      e.   Kombinasi bisnis                                              e.    Business combination

           Kombinasi bisnis dicatat dengan menggunakan                         Business combinations are accounted for using
           metode akuisisi. Biaya perolehan dari sebuah                        the acquisition method. The cost of an acquisition
           akuisisi diukur pada nilai agregat imbalan yang                     is measured as the aggregate of the consideration
           dialihkan, diukur pada nilai wajar pada tanggal                     transferred, measured at acquisition date fair
           akuisisi dan jumlah setiap KNP pada pihak yang                      value and the amount of any NCI in the acquiree.
           diakuisisi. Untuk setiap kombinasi bisnis, Grup                     For each business combination, the Group
           mengukur KNP pada entitas yang diakuisisi,                          measures the NCI in the acquiree either at fair
           baik pada nilai wajar ataupun pada proporsi                         value or at the proportionate share of the
           kepemilikan KNP atas aset neto yang                                 acquiree’s identifiable net assets. Acquisition
           teridentifikasi dari entitas yang diakuisisi. Biaya-                costs incurred are directly expensed and included
           biaya akuisisi yang timbul dibebankan langsung                      in “general and administrative expenses”.
           dan dimasukkan dalam “beban umum dan
           administrasi”.

           Grup menentukan bahwa mereka telah                                  The Group determines that it has acquired
           mengakuisisi bisnis ketika rangkaian aktivitas                      a business when the acquired set of activities and
           dan aset yang diakuisisi mencakup input dan                         assets include an input and a substantive process
           proses substantif yang bersama-sama secara                          that together significantly contribute to the ability
           signifikan berkontribusi pada kemampuan untuk                       to create outputs. The acquired process is
           menghasilkan output. Proses yang diperoleh                          considered substantive if it is critical to the ability
           adalah substantif jika penting bagi kemampuan                       to continue producing outputs, and the inputs
           untuk terus menghasilkan output, dan input                          acquired include an organized workforce with the
           yang diperoleh mencakup tenaga kerja yang                           necessary skills, knowledge, or experience to
           terorganisir         dengan        keterampilan,                    perform that process or it significantly contributes
           pengetahuan,        atau   pengalaman     yang                      to the ability to continue producing outputs and is
           diperlukan untuk melakukan proses itu atau                          considered unique or scarce or cannot be
           secara      signifikan    berkontribusi   pada                      replaced without significant cost, effort, or delay in
           kemampuan untuk terus menghasilkan output                           the ability to continue producing outputs.
           dan dianggap unik atau langka atau tidak dapat
           diganti tanpa biaya, usaha, atau penundaan
           yang signifikan dalam kemampuan untuk terus
           menghasilkan output.




                                                                   16
502    PT ELNUSA Tbk Laporan Tahunan 2024
Page 505
                                                                     The original consolidated financial statements included herein are in the
                                                                                                                        Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                      PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                                As of December 31, 2024
          dan untuk Tahun yang Berakhir                                           and for the Year Then Ended
              pada Tanggal Tersebut                                             (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                           Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

     e.   Kombinasi bisnis (lanjutan)                                  e.    Business combination (continued)

          Ketika melakukan akuisisi atas sebuah bisnis,                      When the Group acquires a business, it assesses
          Grup mengklasifikasikan dan menentukan aset                        the financial assets acquired and liabilities
          keuangan yang diperoleh dan liabilitas                             assumed for appropriate classification and
          keuangan yang diambil alih berdasarkan pada                        designation in accordance with the contractual
          persyaratan kontraktual, kondisi ekonomi dan                       terms, economic circumstances and pertinent
          kondisi terkait lain yang ada pada tanggal                         conditions as at the acquisition date.
          akuisisi.

          Dalam suatu kombinasi bisnis yang dilakukan                        If the business combination is achieved in stages,
          secara bertahap, Grup mengukur kembali                             the acquisition date fair value of the Group’s
          kepentingan ekuitas yang dimiliki sebelumnya                       previously held equity interest in the acquiree is
          pada pihak yang diakuisisi pada nilai wajar                        remeasured to fair value at the acquisition date
          tanggal akuisisi dan mengakui keuntungan atau                      through profit or loss.
          kerugian yang dihasilkan.

          Setiap imbalan kontinjensi yang akan ditransfer                    Any contingent consideration to be transferred by
          oleh perusahaan pengakuisisi akan diakui pada                      the acquirer will be recognized at fair value at the
          nilai wajar pada tanggal akuisisi. Imbalan                         acquisition date. Contingent consideration
          kontinjensi yang diklasifikasikan sebagai                          classified as equity is not re-measured and its
          ekuitas tidak diukur kembali dan penyelesaian                      subsequent settlement is accounted for within
          selanjutnya adalah diperhitungkan dalam                            equity. Contingent consideration classified as an
          ekuitas.      Imbalan      kontinjensi        yang                 asset or liability that is a financial instrument and
          diklasifikasikan sebagai aset atau liabilitas yaitu                within the scope of PSAK 109, is measured at fair
          instrumen keuangan dan dalam lingkup                               value with the changes in fair value recognized in
          PSAK 109, diukur pada nilai wajar dengan                           the statement of profit or loss in accordance with
          perubahan nilai wajar yang diakui dalam laba                       PSAK 109. Other contingent consideration that is
          rugi sesuai dengan PSAK 109. Imbalan                               not within the scope of PSAK 109 is measured at
          kontinjensi lain yang tidak termasuk dalam                         fair value at each reporting date with changes in
          PSAK 109 diukur sebesar nilai wajar pada                           fair value recognized in profit or loss.
          setiap tanggal pelaporan dengan perubahan
          nilai wajar yang diakui pada laba rugi.

          Bila pencatatan awal kombinasi bisnis belum                        If the initial accounting for a business combination
          dapat diselesaikan pada tanggal pelaporan,                         is incomplete by the end of the reporting, the
          Grup melaporkan jumlah sementara bagi item                         Group reports provisional amounts for the items
          yang pencatatannya belum dapat diselesaikan                        for which the accounting is incomplete.
          tersebut.

          Periode pengukuran adalah periode setelah                          The measurement period is the period after the
          tanggal akuisisi yang didalamnya Grup dapat                        acquisition date during which the Group may
          melakukan penyesuaian atas jumlah sementara                        adjust the provisional amounts recognized for
          yang diakui dalam kombinasi bisnis tersebut.                       a business combination. During the measurement
          Selama periode pengukuran, Grup mengakui                           period, the Group recognizes additional assets or
          penambahan aset atau liabilitas bila terdapat                      liabilities if new information is obtained about facts
          informasi terbaru yang diperoleh mengenai                          and circumstances that existed as of the
          fakta dan keadaan pada tanggal akuisisi, yang                      acquisition date and, if known, would have
          bila diketahui pada saat itu, akan menyebabkan                     resulted in the recognition of those assets and
          pengakuan atas aset dan liabilitas pada tanggal                    liabilities as of that date.
          tersebut.




                                                                 17
                                                                                              2024 Annual Report PT ELNUSA Tbk            503
Page 506
                                                                     The original consolidated financial statements included herein are in the
                                                                                                                        Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                     PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                               As of December 31, 2024
           dan untuk Tahun yang Berakhir                                          and for the Year Then Ended
               pada Tanggal Tersebut                                            (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                          Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

      e.   Kombinasi bisnis (lanjutan)                                 e.    Business combination (continued)

           Periode pengukuran berakhir pada saat                             The measurement period ends as soon as the
           pengakuisisi      menerima     informasi    yang                  acquirer receives the information it was seeking
           diperlukan mengenai fakta dan keadaan pada                        about facts and circumstances that existed as of
           tanggal akuisisi atau mengetahui bahwa                            the acquisition date or learns that more
           informasi lainnya tidak dapat diperoleh, namun                    information is not obtainable but shall not exceed
           tidak lebih dari satu tahun dari tanggal akuisisi.                one year from the acquisition date.

           Kombinasi bisnis entitas sepengendali                             Business combinations under common control

           Kombinasi bisnis entitas sepengendali dicatat                     Business combinations under common control are
           dengan menggunakan metode penyatuan                               accounted for using the pooling-of-interests
           kepentingan, dimana selisih antara jumlah                         method, whereby the difference between the
           imbalan yang dialihkan dengan jumlah tercatat                     considerations transferred and the book value of
           aset neto entitas yang diakuisisi diakui sebagai                  the net assets of the acquiree is recognized as
           bagian dari akun "Tambahan Modal Disetor"                         part of "Additional Paid-in Capital" account in the
           pada laporan posisi keuangan konsolidasian.                       consolidated statement of financial position.

           Dalam menerapkan metode penyatuan                                 In applying the said pooling-of-interest method,
           kepentingan tersebut, unsur-unsur laporan                         the components of the financial statements of the
           keuangan dari entitas yang bergabung disajikan                    combining entities are presented as if the
           seolah-olah penggabungan tersebut telah                           combination has occurred since the beginning of
           terjadi sejak awal periode entitas yang                           the period of the combining entity become under
           bergabung berada dalam kesepengendalian.                          common control.

      f.   Kas dan setara kas                                          f.    Cash and cash equivalents

           Kas dan setara kas terdiri dari kas, bank dan                     Cash and cash equivalents are cash on hand,
           deposito berjangka yang jatuh tempo dalam                         cash in banks and time deposits with maturity
           3 (tiga) bulan atau kurang dari tanggal                           periods of 3 (three) months or less at the time of
           penempatannya dan tidak digunakan sebagai                         placement and which are not used as collateral or
           jaminan atau dibatasi penggunaannya.                              not restricted.

           Deposito berjangka dengan jangka waktu lebih                      Time deposits with maturities of more than
           dari 3 (tiga) bulan tapi tidak melebihi 1 (satu)                  3 (three) months but not exceeding 1 (one) year
           tahun dari tanggal penempatannya disajikan                        at the time of placement are presented as part of
           sebagai bagian dari “aset keuangan lancar                         “other current financial assets”.
           lainnya”.

           Kas     dan setara kas        yang dibatasi                       Cash and cash equivalents which are restricted
           penggunaannya yang akan digunakan untuk                           for repayment of current maturing obligations are
           membayar liabilitas yang akan jatuh tempo                         presented as “restricted cash” under “other
           dalam waktu 1 (satu) tahun disajikan sebagai                      current financial assets”. Cash and cash
           “kas yang dibatasi penggunaannya” sebagai                         equivalents which are restricted for repayment of
           bagian dari ”aset keuangan lancar lainnya”. Kas                   obligations maturing after 1 (one) year are
           dan setara kas yang dibatasi penggunaannya                        presented as part of “other non-current financial
           untuk membayar liabilitas yang akan jatuh                         assets”.
           tempo dalam waktu lebih dari 1 (satu) tahun
           disajikan sebagai bagian dari “aset keuangan
           tidak lancar lainnya”.




                                                                 18
504    PT ELNUSA Tbk Laporan Tahunan 2024
Page 507
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                              As of December 31, 2024
          dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
              pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     g.   Instrumen keuangan                                         g.    Financial instruments

          Instrumen keuangan adalah setiap kontrak                         A financial instrument is any contract that gives
          yang memberikan aset keuangan bagi satu                          rise to a financial asset of one entity and a
          entitas dan liabilitas keuangan atau ekuitas bagi                financial liability or equity instrument of another
          entitas lain.                                                    entity.

          i.   Aset keuangan                                               i.    Financial assets

               Pengakuan dan pengukuran awal                                     Initial recognition and measurement

               Pada pengakuan awal, Grup mengukur                                At initial recognition, the Group measures a
               aset keuangan pada nilai wajarnya                                 financial asset at its fair value plus
               ditambah biaya transaksi, dalam hal aset                          transaction costs, in the case of a financial
               keuangan tidak diukur pada nilai wajar                            asset not measured at fair value through
               melalui laba rugi (“NWLR”). Piutang usaha                         profit or loss (“FVTPL”). Trade receivables
               yang tidak mengandung komponen                                    that do not contain a significant financing
               pembiayaan yang signifikan, dimana Grup                           component, for which the Group has applied
               telah menerapkan cara praktis, diukur pada                        the practical expedient are measured at the
               harga transaksi yang ditentukan sesuai                            transaction price determined under PSAK
               PSAK 115.                                                         115.

               Agar aset keuangan diklasifikasikan dan                           In order for a financial asset to be classified
               diukur pada biaya perolehan diamortisasi                          and measured at amortized cost or fair value
               atau nilai wajar melalui penghasilan                              through other comprehensive income
               komprehensif lain (“NWPKL”), aset                                 (“FVOCI”), it needs to give rise to cash flows
               keuangan harus menghasilkan arus kas                              that are solely payments of principal and
               yang semata dari pembayaran pokok dan                             interest (“SPPI”) on the principal amount
               bunga (“SPPB”) dari jumlah pokok                                  outstanding. This assessment is referred to
               terutang. Penilaian ini disebut sebagai uji                       as the SPPI test and is performed at an
               SPPB dan dilakukan pada tingkat                                   instrument level.
               instrumen.

               Model bisnis Grup untuk mengelola aset                            The Groups’s business model for managing
               keuangan mengacu pada bagaimana                                   financial assets refers to how it manages its
               mereka mengelola aset keuangannya                                 financial assets in order to generate cash
               untuk menghasilkan arus kas. Model bisnis                         flows. The business model determines
               menentukan apakah arus kas akan                                   whether cash flows will result from collecting
               dihasilkan dari penerimaan arus kas                               contractual cash flows, selling the financial
               kontraktual, penjualan aset keuangan, atau                        assets, or both.
               keduanya.

               Pengukuran selanjutnya                                            Subsequent measurement

               Untuk tujuan pengukuran selanjutnya, aset                         For purposes of subsequent measurement,
               keuangan diklasifikasikan dalam empat                             financial assets are classified in four
               kategori:                                                         categories:
               -   Aset keuangan pada biaya perolehan                            -    Financial assets at amortized cost (debt
                   diamortisasi (instrumen utang),                                    instruments),
               -   Aset keuangan pada NWPKL dengan                               -    Financial assets at FVOCI with recycling
                   reklasifikasi ke keuntungan dan                                    of cumulative gains and losses (debt
                   kerugian kumulatif (instrumen utang),                              instruments),
               -   Aset keuangan pada NWPKL tanpa                                -    Financial assets designated at FVOCI
                   reklasifikasi ke keuntungan dan                                    with no recycling of cumulative gains and
                   kerugian kumulatif atas pelepasan                                  losses upon derecognition (equity
                   (instrumen ekuitas), dan                                           instruments), and
               -   Nilai wajar melalui laba rugi (NWLR).                         -    Fair value through profit or loss (FVTPL).

                                                               19
                                                                                            2024 Annual Report PT ELNUSA Tbk            505
Page 508
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                  PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                            As of December 31, 2024
           dan untuk Tahun yang Berakhir                                       and for the Year Then Ended
               pada Tanggal Tersebut                                         (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                       Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                 2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

      g.   Instrumen keuangan (lanjutan)                            g.    Financial instruments (continued)

           i.   Aset keuangan (lanjutan)                                  i.    Financial assets (continued)

                Pengukuran selanjutnya (lanjutan)                               Subsequent measurement (continued)

                Pengukuran   selanjutnya  dari    aset                          The subsequent measurement of financial
                keuangan tergantung kepada klasifikasi                          assets depends on their classification as
                masing-masing aset keuangan seperti                             described below:
                berikut ini:

                Aset keuangan pada biaya perolehan                              Financial assets at amortized cost (debt
                diamortisasi (instrumen utang)                                  instruments)

                Grup mengukur aset keuangan pada biaya                          The Group measures financial assets at
                perolehan diamortisasi jika kedua kondisi                       amortized cost if both of the following
                berikut terpenuhi:                                              conditions are met:
                -    Aset keuangan dimiliki dalam model                         -   The financial asset is held within a
                     bisnis dengan tujuan untuk memiliki                            business model with the objective to
                     aset    keuangan     dalam    rangka                           hold financial assets in order to collect
                     mendapatkan arus kas kontraktual,                              contractual cash flows, and
                     dan
                -    Persyaratan kontraktual dari aset                          -     The contractual terms of the financial
                     keuangan menghasilkan arus kas                                   asset give rise on specified dates to
                     pada      tanggal    tertentu   yang                             cash flows that are SPPI on the
                     merupakan SPPB dari jumlah pokok                                 principal amount outstanding.
                     terutang.

                Aset keuangan yang diukur pada biaya                            Financial assets at amortized cost are
                perolehan diamortisasi selanjutnya diukur                       subsequently measured using the effective
                dengan menggunakan metode suku bunga                            interest rate (“EIR”) method and are subject
                efektif (“SBE”) dan menjadi subjek                              to impairment. Gains and losses are
                penurunan nilai. Keuntungan dan kerugian                        recognized in profit or loss when the asset is
                diakui dalam laba rugi pada saat aset                           derecognized, modified or impaired.
                dihentikan pengakuannya, dimodifikasi
                atau diturunkan nilainya.

                Aset keuangan Grup yang diukur pada                             The Group’s financial assets at amortized
                biaya perolehan diamortisasi termasuk kas                       cost includes cash and cash equivalent, trade
                dan setara kas, piutang usaha - neto, aset                      receivables - net, other current financial
                keuangan lancar lainnya dan aset                                assets and other non-current financial assets.
                keuangan tidak lancar lainnya.

                Aset keuangan pada NWPKL tanpa                                  Financial assets designated at FVOCI with no
                pendauran laba dan rugi kumulatif setelah                       recycling of cumulative gains and losses
                penghentian    pengakuan     (instrumen                         upon derecognition (equity instruments)
                ekuitas)

                Pada pengakuan awal, Grup dapat memilih                         Upon initial recognition, the Group can elect
                untuk menetapkan klasifikasi yang tidak                         to classify irrevocably its investments in
                dapat dikembalikan atas investasi pada                          equity instruments at FVOCI when they meet
                instrumen ekuitas sebagai NWPKL jika                            the definition of equity under PSAK 232 and
                memenuhi definisi ekuitas sesuai PSAK                           are not held for trading. The classification is
                232     dan      tidak    dimiliki  untuk                       determined on an instrument-by-instrument
                diperdagangkan. Klasifikasi ditentukan                          basis.
                atas basis instrumen per instrumen.


                                                              20
506    PT ELNUSA Tbk Laporan Tahunan 2024
Page 509
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                              As of December 31, 2024
          dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
              pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     g.   Instrumen keuangan (lanjutan)                              g.    Financial instruments (continued)

          i.   Aset keuangan (lanjutan)                                    i.    Financial assets (continued)

               Pengukuran selanjutnya (lanjutan)                                 Subsequent measurement (continued)

               Keuntungan dan kerugian atas aset                                 Gains and losses on these financial assets
               keuangan ini tidak pernah didaur ke laba                          are never recycled to profit or loss, and these
               rugi, dan aset keuangan ini tidak menjadi                         financial assets are not subject to impairment
               subjek penurunan nilai. Dividen diakui                            assessment. Dividends are recognized as
               sebagai penghasilan lain-lain dalam laba                          other income in the profit or loss when the
               rugi pada saat hak atas pembayaran telah                          right of payment has been established.
               ditetapkan.

               Grup memilih untuk mengklasifikasi secara                         The Group elected to classify irrevocably its
               takterbatalkan investasi ekuitas yang tidak                       non-listed equity investments under this
               terdaftar di bursa masuk dalam kategori ini.                      category.

               Aset keuangan Grup yang diukur pada                               The Group’s financial assets at FVOCI
               NWPKL termasuk investasi pada saham.                              includes invenstment in shares.

               Penghentian pengakuan                                             Derecognition

               Aset keuangan (atau, sesuai dengan                                A financial asset (or, where applicable, a part
               kondisinya, bagian dari aset keuangan atau                        of a financial asset or part of a group of similar
               bagian dari kelompok aset keuangan                                financial assets) is primarily derecognized
               serupa)         terutama         dihentikan                       (i.e., removed from the Group’s statement of
               pengakuannya (yaitu, dihapuskan dari                              financial position) when:
               laporan posisi keuangan Grup) ketika:
               -   Hak untuk menerima arus kas dari                              -     The rights to receive cash flows from
                   aset telah berakhir, atau                                           the asset have expired, or
               -    Grup telah mengalihkan haknya untuk                          -     The Group has transferred its
                    menerima arus kas dari aset atau                                   rights to receive cash flows from the
                    menanggung         kewajiban    untuk                              asset or has assumed an obligation to
                    membayar arus kas yang diterima                                    pay the received cash flows in full
                    tersebut     secara    penuh    tanpa                              without material delay to a third party
                    penundaan yang material kepada                                     under a ‘pass-through’ arrangement;
                    pihak         ketiga      berdasarkan                              and either (a) the Group has
                    kesepakatan ‘pass-through’, dan                                    transferred substantially all the risks
                    salah satu dari (a) Grup telah                                     and rewards of the asset, or (b) the
                    mengalihkan       secara   substansial                             Group has neither transferred nor
                    seluruh risiko dan manfaat atas aset,                              retained substantially all the risks and
                    atau (b) Grup tidak mengalihkan                                    rewards of the asset, but has
                    maupun tidak memiliki secara                                       transferred control of the asset.
                    substansial atas seluruh risiko dan
                    manfaat atas aset, tetapi telah
                    mengalihkan kendali atas aset.




                                                               21
                                                                                            2024 Annual Report PT ELNUSA Tbk            507
Page 510
                                                                    The original consolidated financial statements included herein are in the
                                                                                                                       Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                              As of December 31, 2024
           dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
               pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

      g.   Instrumen keuangan (lanjutan)                              g.    Financial instruments (continued)

           i.   Aset keuangan (lanjutan)                                    i.    Financial assets (continued)

                Penghentian pengakuan (lanjutan)                                  Derecognition (continued)

                Ketika Grup telah mengalihkan haknya                              When the Group has transferred its rights to
                untuk menerima arus kas dari suatu aset                           receive cash flows from an asset or has
                atau telah menandatangani kesepakatan                             entered into a pass-through arrangement, it
                ‘pass-through’, Grup mengevaluasi jika,                           evaluates if, and to what extent, it has
                dan     sejauh   mana,      Grup      masih                       retained the risks and rewards of ownership.
                mempertahankan risiko dan manfaat atas                            When it has neither transferred nor retained
                kepemilikan aset. Ketika Grup tidak                               substantially all of the risks and rewards of
                mengalihkan maupun seluruh risiko dan                             the asset, nor transferred control of the asset,
                manfaat atas aset dipertahankan secara                            the Group continues to recognize the
                substansial, maupun tidak mengalihkan                             transferred asset to the extent of its
                kendali atas aset, Grup tetap mengakui                            continuing involvement. In that case, the
                aset yang dialihkan sebesar keterlibatan                          Group also recognizes an associated liability.
                berkelanjutannya. Dalam kasus tersebut,                           The transferred asset and the associated
                Grup juga mengakui liabilitas terkait. Aset                       liability are measured on a basis that reflects
                yang dialihkan dan liabilitas terkait diukur                      the rights and obligations that the Group has
                dengan basis yang mencerminkan hak dan                            retained.
                kewajiban yang masih dipertahankan oleh
                Grup.

                Keterlibatan berkelanjutan dalam bentuk                           Continuing involvement that takes the form of
                jaminan atas aset yang ditransfer, diukur                         a guarantee over the transferred asset is
                pada nilai yang lebih rendah antara jumlah                        measured at the lower of the original carrying
                tercatat awal aset dan jumlah maksimum                            amount of the asset and the maximum
                imbalan yang dibutuhkan oleh Grup untuk                           amount of consideration that the Group could
                membayar kembali.                                                 be required to repay.

                Penurunan nilai                                                   Impairment

                Grup mengakui penyisihan Kerugian Kredit                          The Group recognizes an allowance for
                Ekspektasian (“KKE”) untuk semua                                  Expected Credit Loss (“ECL”) for all debt
                instrumen utang yang bukan diukur pada                            instruments not held at FVTPL and financial
                NWLR dan kontrak jaminan keuangan.                                guarantee contracts. ECLs are based on the
                KKE ditentukan atas perbedaan antara                              difference between the contractual cash
                arus kas kontraktual menurut kontrak dan                          flows due in accordance with the contract and
                semua arus kas yang diharapkan akan                               all the cash flows that the Group expects to
                diterima oleh Grup, yang didiskontokan                            receive, discounted at an approximation of
                dengan perkiraan SBE orisinal. Arus kas                           the original EIR. The expected cash flows
                yang diharapkan mencakup setiap arus kas                          include any cash flows from the sale of
                dari penjualan agunan yang dimiliki atau                          collateral held or other credit enhancements
                perbaikan kredit lainnya yang merupakan                           that are integral to the contractual terms.
                bagian yang tidak terpisahkan dalam
                ketentuan kontrak.




                                                                22
508    PT ELNUSA Tbk Laporan Tahunan 2024
Page 511
                                                                    The original consolidated financial statements included herein are in the
                                                                                                                       Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                     PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                               As of December 31, 2024
          dan untuk Tahun yang Berakhir                                          and for the Year Then Ended
              pada Tanggal Tersebut                                            (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                          Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     g.   Instrumen keuangan (lanjutan)                               g.    Financial instruments (continued)

          i.   Aset keuangan (lanjutan)                                     i.    Financial assets (continued)

               Penurunan nilai (lanjutan)                                         Impairment (continued)

               KKE diakui dalam dua tahap. Bila belum                             ECLs are recognized in two stages. When
               terdapat peningkatan risiko kredit signifikan                      there have not been significant increases in
               sejak pengakuan awal, KKE diakui untuk                             credit risks since initial recognition, ECLs are
               kerugian kredit yang dihasilkan dari                               provided for credit losses that result from
               peristiwa gagal bayar yang mungkin terjadi                         default events that are possible within the
               dalam jangka waktu 12 bulan ke depan                               next 12-months (a 12-month ECL). However,
               (KKE 12 bulan). Namun, bila telah terdapat                         when there have been significant increases in
               peningkatan signifikan risiko kredit sejak                         credit risks since initial recognition, a loss
               pengakuan awal, penyisihan kerugian                                allowance is recognized for credit losses
               diakui untuk kerugian kredit yang                                  expected over the remaining life of the asset,
               diperkirakan selama sisa umur aset, tanpa                          irrespective of timing of the default (a lifetime
               mempertimbangkan waktu gagal bayar                                 ECL).
               (KKE sepanjang umurnya).

               Karena piutang usaha dan piutang lainnya                           Because its trade and other receivables do
               tidak memiliki komponen pembiayaan                                 not contain significant financing component,
               signifikan, Grup menerapkan pendekatan                             the Group applies a simplified approach in
               yang disederhanakan dalam perhitungan                              calculating ECL. Therefore, the Group does
               KKE. Oleh karena itu, Grup tidak                                   not track changes in credit risk, but instead
               menelusuri perubahan dalam risiko kredit,                          recognizes a loss allowance based on
               namun justru mengakui penyisihan                                   lifetime ECL at each reporting date. The
               kerugian berdasarkan KKE sepanjang                                 Group established a provision matrix that is
               umurnya pada setiap tanggal pelaporan.                             based on its historical credit loss experience,
               Grup      membentuk       matriks    provisi                       adjusted for forward-looking factors specific
               berdasarkan pengalaman kerugian kredit                             to the debtors and the economic
               masa lampau, disesuaikan dengan                                    environment.
               perkiraan masa depan (forward-looking)
               atas faktor yang spesifik untuk debitur dan
               lingkungan ekonomi.

               Grup menganggap aset keuangan dalam                                The Group considers a financial asset in
               gagal bayar ketika pembayaran kontraktual                          default when contractual payments are 360
               telah lewat 360 hari dari tanggal jatuh                            days past due. However, in certain cases, the
               tempo. Namun, dalam kasus tertentu, Grup                           Group may also consider a financial asset to
               juga dapat mempertimbangkan aset                                   be in default when internal or external
               keuangan menjadi gagal bayar ketika                                information indicates that the Group is
               informasi     internal  atau    eksternal                          unlikely to receive the outstanding
               menunjukkan bahwa besar kemungkinan                                contractual amounts in full before taking into
               Grup tidak menerima jumlah kontraktual                             account any credit enhancements held by the
               terutang     secara    penuh     sebelum                           Group. A financial asset is written off when
               memperhitungkan perbaikan kredit yang                              there is no reasonable expectation of
               dimiliki oleh Grup. Aset keuangan                                  recovering the contractual cash flows.
               dihapuskan jika tidak terdapat ekspektasi
               yang wajar untuk memulihkan arus kas
               kontraktual.




                                                                23
                                                                                             2024 Annual Report PT ELNUSA Tbk            509
Page 512
                                                                        The original consolidated financial statements included herein are in the
                                                                                                                           Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                        PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                  As of December 31, 2024
           dan untuk Tahun yang Berakhir                                             and for the Year Then Ended
               pada Tanggal Tersebut                                               (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                             Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                       2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

      g.   Instrumen keuangan (lanjutan)                                  g.    Financial instruments (continued)

           ii.   Liabilitas keuangan                                            ii.   Financial liabilities

                 Pengakuan dan pengukuran awal                                        Initial recognition and measurement

                 Liabilitas keuangan diklasifikasikan, pada                           Financial liabilities are classified, at initial
                 pengakuan      awal,   sebagai     liabilitas                        recognition, as financial liabilities at FVTPL,
                 keuangan yang diukur pada NWLR, utang                                loans and borrowings, or as derivatives
                 dan pinjaman atau derivatif ditetapkan                               designated as hedging instruments in an
                 sebagai instrumen lindung nilai pada                                 effective hedge, as appropriate.
                 lindung nilai yang efektif, sesuai dengan
                 kondisinya.

                 Semua liabilitas keuangan diakui pada nilai                          All financial liabilities are recognized initially
                 wajar saat pengakuan awal dan, dalam hal                             at fair value and, in the case of loans and
                 liabilitas keuangan dilklasifikasi sebagai                           borrowings and payables, net of directly
                 utang dan pinjaman, diakui pada nilai wajar                          attributable transaction costs.
                 setelah dikurangi biaya transaksi yang
                 dapat diatribusikan secara langsung.

                 Grup menetapkan liabilitas keuangannya                               The Group designates its financial liabilities
                 sebagai pinjaman bank jangka pendek,                                 as short-term bank loans, trade payables,
                 utang usaha, liabilitas jangka pendek                                other current liabilities, short-term employee
                 lainnya, liabilitas imbalan kerja jangka                             benefits liability, accrued expenses, sukuk
                 pendek, beban akrual, utang sukuk dan                                payable and lease liabilities. The Group has
                 liabilitas sewa. Grup tidak memiliki liabilitas                      no financial liabilities measured at fair value
                 keuangan yang diukur pada nilai wajar                                through profit or loss.
                 melalui laba rugi.

                 Pengakuan selanjutnya                                                Subsequent measurement

                 Pengukuran selanjutnya dari liabilitas                               The subsequent measurement of financial
                 keuangan ditentukan oleh klasifikasinya                              liabilities depends on their classification as
                 sebagai berikut:                                                     described below:

                 Liabilitas keuangan pada biaya perolehan                             Financial liabilities at amortized cost (Loans
                 diamortisasi (Utang dan pinjaman)                                    and borrowings)

                 i) Utang dan Pinjaman Jangka Panjang                                 i)   Long-term Interest-bearing Loans and
                    yang Dikenakan Bunga                                                   Borrowings

                    Setelah pengakuan awal, utang dan                                      Subsequent to initial recognition, long-
                    pinjaman    jangka     panjang   yang                                  term     interest-bearing     loans       and
                    berbunga diukur pada biaya perolehan                                   borrowings are measured at amortized
                    yang        diamortisasi       dengan                                  acquisition costs using EIR method. At the
                    menggunakan metode SBE. Pada                                           reporting dates, accrued interest is
                    tanggal pelaporan, biaya bunga yang                                    recorded separately from the associated
                    masih harus dibayar dicatat secara                                     borrowings within the current liabilities
                    terpisah, dari pokok pinjaman terkait,                                 section. Gains and losses are recognized
                    dalam bagian liabilitas jangka pendek.                                 in the profit or loss when the liabilities are
                    Keuntungan dan kerugian diakui pada                                    derecognized as well as through the EIR
                    laba rugi ketika liabilitas dihentikan                                 amortization process.
                    pengakuannya maupun melalui proses
                    amortisasi menggunakan metode SBE.


                                                                    24
510    PT ELNUSA Tbk Laporan Tahunan 2024
Page 513
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                              As of December 31, 2024
          dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
              pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     g.   Instrumen keuangan (lanjutan)                              g.    Financial instruments (continued)

          ii.   Liabilitas keuangan (lanjutan)                             ii.   Financial liabilities (continued)

                Pengakuan selanjutnya (lanjutan)                                 Subsequent measurement (continued)

                Liabilitas keuangan pada biaya perolehan                         Financial liabilities at amortized cost (Loans
                diamortisasi (Utang dan pinjaman)                                and borrowings) (continued)
                (lanjutan)

                i)   Utang dan Pinjaman Jangka Panjang                           i) Long-term Interest-bearing Loans and
                     yang Dikenakan Bunga (lanjutan)                                Borrowings (continued)

                     Biaya amortisasi dihitung dengan                                Amortized cost is calculated by taking into
                     mempertimbangkan setiap diskonto                                account any discount or premium on
                     atau premium atas akusisi dan komisi                            acquisition and fees or costs that are an
                     atau biaya yang merupakan bagian                                integral part of the EIR. The EIR
                     tidak terpisahkan dari SBE. Amortisasi                          amortization is included in finance costs in
                     SBE dicatat sebagai beban keuangan                              the profit or loss.
                     pada laba rugi.

                ii) Utang dan Akrual                                             ii) Payables and Accruals

                     Liabilitas untuk utang usaha dan utang                          Liabilities for current trade and other
                     lain-lain jangka pendek, biaya masih                            accounts payable, accrued expenses and
                     harus dibayar dan liabilitas imbalan                            short-term employee benefit liability are
                     kerja jangka pendek dinyatakan                                  stated at carrying amounts (notional
                     sebesar jumlah tercatat (jumlah                                 amounts), which approximate their fair
                     nosional), yang kurang lebih sebesar                            values.
                     nilai wajarnya.

                Penghentian Pengakuan                                            Derecognition

                Suatu liabilitas keuangan dihentikan                             A financial liability is derecognized when the
                pengakuannya pada saat kewajiban yang                            obligation under the contract is discharged or
                ditetapkan dalam kontrak berakhir atau                           cancelled or expires.
                dibatalkan atau kedaluwarsa.

                Ketika sebuah liabilitas keuangan ditukar                        When an existing financial liability is replaced
                dengan liabilitas keuangan lain dari                             by another from the same lender on
                pemberi pinjaman yang sama atas                                  substantially different terms, or the terms of
                persyaratan yang secara substansial                              an existing liability are substantially modified,
                berbeda, atau bila persyaratan dari                              such an exchange or modification is treated
                liabilitas keuangan tersebut secara                              as derecognition of the original liability and
                substansial dimodifikasi, pertukaran atau                        recognition of a new liability, and the
                modifikasi persyaratan tersebut dicatat                          difference in the respective carrying amounts
                sebagai penghentian pengakuan liabilitas                         is recognized in the profit or loss.
                keuangan orisinal dan pengakuan liabilitas
                keuangan baru, dan selisih antara nilai
                tercatat masing-masing liabilitas keuangan
                tersebut diakui pada laba rugi.




                                                               25
                                                                                            2024 Annual Report PT ELNUSA Tbk             511
Page 514
                                                                      The original consolidated financial statements included herein are in the
                                                                                                                         Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                      PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                As of December 31, 2024
           dan untuk Tahun yang Berakhir                                           and for the Year Then Ended
               pada Tanggal Tersebut                                             (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                           Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

      g.   Instrumen keuangan (lanjutan)                                g.    Financial instruments (continued)

           iii. Saling hapus instrumen keuangan                               iii. Offsetting of financial instruments

               Aset keuangan dan liabilitas keuangan                                Financial assets and financial liabilities are
               disaling hapuskan dan nilai netonya                                  offset, and the net amount reported in the
               disajikan dalam laporan posisi keuangan                              consolidated statement of financial position if,
               konsolidasian jika, dan hanya jika, terdapat                         and only if, there is a currently enforceable
               hak secara hukum untuk melakukan saling                              legal right to offset the recognized amounts
               hapus atas jumlah tercatat dari aset                                 and there is an intention to settle on a net
               keuangan dan liabilitas keuangan tersebut                            basis, or to realize the assets and settle the
               dan terdapat intensi untuk menyelesaikan                             liabilities simultaneously.
               secara neto, atau untuk merealisasikan
               aset dan menyelesaikan liabilitas secara
               bersamaan.

      h.   Pengukuran Nilai Wajar                                       h.    Fair Value Measurement

           Grup mengukur pada pengakuan awal                                  The Group initially measures financial instruments
           instrumen keuangan pada nilai wajar, dan aset                      at fair value, and assets and liabilities of the
           dan liabilitas yang diakuisisi pada kombinasi                      acquirees upon business combinations. They also
           bisnis. Grup juga mengukur jumlah terpulihkan                      measure certain recoverable amounts of the cash
           dari unit penghasil kas (“UPK”) tertentu                           generating unit (“CGU”) using fair value less cost
           berdasarkan nilai wajar dikurangi biaya                            of disposal (“FVLCD”) and certain financial assets
           pelepasan, dan aset keuangan tertentu pada                         at fair value through other comprehensive income
           nilai wajar melalui penghasilan komprehensif                       (“FVOCI”).
           lain (“NWPKL”).

           Nilai wajar adalah harga yang akan diterima dari                  Fair value is the price that would be received to sell
           menjual suatu aset atau harga yang akan                           an asset or paid to transfer a liability in an orderly
           dibayar untuk mengalihkan suatu liabilitas                        transaction between market participants at the
           dalam transaksi teratur antara pelaku pasar                       measurement date. The fair value measurement is
           pada tanggal pengukuran. Pengukuran nilai                         based on the presumption that the transaction to
           wajar mengasumsikan bahwa transaksi untuk                         sell the asset or transfer the liability takes place
           menjual aset atau mengalihkan liabilitas terjadi:                 either:
           i) Di pasar utama untuk aset atau liabilitas                       i)    In the principal market for the asset or
                 tersebut, atau                                                     liability, or
           ii) Jika tidak terdapat pasar utama, di pasar                      ii)   In the absence of a principal market, in the
                 yang paling menguntungkan untuk aset                               most advantageous market for the asset or
                 atau liabilitas tersebut.                                          liability.

           Pasar utama atau pasar yang paling                                 The principal or the most advantageous market
           menguntungkan tersebut harus dapat diakses                         must be accessible to by the Group.
           oleh Grup.

           Nilai wajar dari aset atau liabilitas diukur dengan                The fair value of an asset or a liability is measured
           menggunakan asumsi yang akan digunakan                             using the assumptions that market participants
           pelaku pasar ketika menentukan harga aset                          would use when pricing the asset or liability,
           atau liabilitas tersebut, dengan asumsi bahwa                      assuming that market participants act in their
           pelaku pasar bertindak dalam kepentingan                           economic best interest.
           ekonomi terbaiknya.




                                                                  26
512    PT ELNUSA Tbk Laporan Tahunan 2024
Page 515
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                             As of December 31, 2024
          dan untuk Tahun yang Berakhir                                        and for the Year Then Ended
              pada Tanggal Tersebut                                          (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                        Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     h.   Pengukuran Nilai Wajar (lanjutan)                         h.    Fair Value Measurement (continued)

          Pengukuran nilai wajar dari suatu aset                          A fair value measurement of a non-financial asset
          nonkeuangan memperhitungkan kemampuan                           takes into account a market participant's ability to
          pelaku pasar untuk menghasilkan manfaat                         generate economic benefits by using the asset in
          ekonomik dengan menggunakan aset dalam                          its highest and best use or by selling it to another
          penggunaan tertinggi dan terbaiknya atau                        market participant that would use the asset in its
          dengan menjualnya kepada pelaku pasar lain                      highest and best use.
          yang akan menggunakan aset tersebut pada
          penggunaan tertinggi dan terbaiknya.

          Grup menggunakan teknik penilaian yang                          The Group uses valuation techniques that are
          sesuai dengan keadaan dan data yang                             appropriate in the circumstances and for which
          memadai tersedia untuk mengukur nilai wajar,                    sufficient data are available to measure fair value,
          dengan memaksimalkan masukan (input) yang                       maximizing the use of relevant observable inputs
          dapat diamati (observable) yang relevan dan                     and minimizing the use of unobservable inputs.
          meminimalkan masukan (input) yang tidak
          dapat diamati (unobservable).

          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 consolidated
          keuangan konsolidasian dikategorikan dalam                      financial statements are categorized within the fair
          hierarki nilai wajar berdasarkan level masukan                  value hierarchy, described as follows, based on
          (input) paling rendah yang signifikan terhadap                  the lowest level input that is significant to the fair
          pengukuran nilai wajar secara keseluruhan                       value measurement as a whole:
          sebagai berikut:
          i) Level 1 - Harga kuotasian (tanpa                             i)     Level 1 - Quoted (unadjusted) market prices
               penyesuaian) di pasar aktif untuk aset atau                       in active markets for identical assets or
               liabilitas yang identik yang dapat diakses                        liabilities.
               entitas pada tanggal pengukuran.
          ii) Level 2 - Teknik penilaian yang                             ii)    Level 2 - Valuation techniques for which the
               menggunakan tingkat masukan (input)                               lowest level input that is significant to the fair
               yang paling rendah yang signifikan                                value measurement is directly or indirectly
               terhadap pengukuran nilai wajar yang dapat                        observable.
               diamati (observable) baik secara langsung
               atau tidak langsung.
          iii) Level 3 - Teknik penilaian yang                            iii)   Level 3 - Valuation techniques for which the
               menggunakan tingkat masukan (input) yang                          lowest level input that is significant to the fair
               paling rendah yang signifikan terhadap                            value measurement is unobservable.
               pengukuran nilai wajar yang tidak dapat
               diamati (unobservable).

          Untuk aset dan liabilitas yang diakui pada                      For assets and liabilities that are recognized in the
          laporan keuangan konsolidasian secara                           consolidated financial statements on a recurring
          berulang, Grup menentukan apakah terdapat                       basis, the Group determines whether transfers
          perpindahan antara level dalam hierarki dengan                  have occurred between levels in the hierarchy by
          melakukan evaluasi ulang atas penetapan                         re-assessing categorization (based on the lowest
          kategori (berdasarkan level masukan (input)                     level input that is significant to the fair value
          paling rendah yang signifikan terhadap                          measurement as a whole) at the end of each
          pengukuran nilai wajar secara keseluruhan)                      reporting period.
          pada tiap akhir periode pelaporan.




                                                              27
                                                                                           2024 Annual Report PT ELNUSA Tbk            513
Page 516
                                                                       The original consolidated financial statements included herein are in the
                                                                                                                          Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                       PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                 As of December 31, 2024
           dan untuk Tahun yang Berakhir                                            and for the Year Then Ended
               pada Tanggal Tersebut                                              (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                            Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

      h.      Pengukuran Nilai Wajar (lanjutan)                          h.    Fair Value Measurement (continued)

              Tim pelaporan keuangan Grup bertanggung-                         The Group’s financial reporting team in charge of
              jawab atas penilaian dalam menentukan                            valuation to determine the policies and
              kebijakan dan prosedur untuk pengukuran nilai                    procedures for recurring fair value measurement,
              wajar (dikurangi biaya untuk menjual) UPK                        such as biological assets and fair value (less costs
              (untuk uji penurunan nilai) dan aset keuangan                    of disposal) of CGUs (for impairment test
              pada NWPKL.                                                      purpose) and financial assets at FVOCI.

              Penilai eksternal terlibat dalam penilaian aset                  External valuers are involved for valuation of
              signifikan. Keterlibatan penilai eksternal                       significant assets. Involvement of external valuers
              ditentukan setiap tahun setelah dibahas dan                      is decided upon annually after discussion with and
              disetujui oleh Direksi Perusahaan. Kriteria                      approval by the Company’s Board of Directors.
              pemilihan termasuk pengetahuan pasar,                            Selection criteria include market knowledge,
              reputasi, independensi dan kemampuan                             reputation,     independence       and     whether
              mematuhi standar profesi. Metode penilaian                       professional standards are maintained. Valuation
              dan input yang digunakan dibahas dan                             techniques and inputs to use were discussed and
              diputuskan bersama oleh Grup dan penilai                         decided by the Group and external valuers.
              eksternal.

              Untuk tujuan pengungkapan nilai wajar, Grup                      For the purpose of fair value disclosures, the
              menentukan klasifikasi aset dan liabilitas                       Group has determined classes of assets and
              berdasarkan sifat, karakteristik dan risikonya                   liabilities on the basis of the nature, characteristics
              dan level pada hierarki nilai wajar sebagaimana                  and risks of the asset or liability and the level of
              dijelaskan diatas.                                               the fair value hierarchy as explained above.

      i.      Persediaan                                                 i.    Inventories

              Persediaan dinyatakan sebesar nilai terendah                     Inventories are stated at the lower of cost or net
              antara biaya perolehan atau nilai realisasi neto.                realizable value. Cost is determined using the
              Biaya perolehan ditentukan dengan metode                         weighted average cost method and includes
              rata-rata tertimbang dan termasuk semua                          expenditure incurred in acquiring the inventories,
              pengeluaran untuk memperoleh persediaan,                         production or conversion costs and other costs
              biaya produksi atau konversi, dan biaya lainnya                  incurred in bringing the inventory to its existing
              yang timbul untuk membawa persediaan ke                          location and condition. It excludes borrowing
              tempat dan kondisi saat ini. Biaya tersebut tidak                costs. Net realizable value is the estimated sales
              termasuk biaya pinjaman. Nilai realisasi neto                    amount in the ordinary course of business less the
              adalah estimasi harga penjualan dalam                            costs of completion and selling expenses.
              kegiatan usaha normal dikurangi dengan biaya
              penyelesaian dan penjualannya.

              Penyisihan persediaan usang dibentuk untuk                       Allowance for inventory obsolescence is provided
              mengurangi jumlah tercatat persediaan ke nilai                   to reduce the carrying amount of inventories to
              realisasi netonya yang ditentukan melalui                        their net realizable value based on the periodic
              pengujian berkala atas estimasi penggunaan                       review of the estimated future usage or sale of
              atau penjualan masing-masing jenis persediaan                    individual inventory items.
              di masa yang akan datang.




                                                                   28
514        PT ELNUSA Tbk Laporan Tahunan 2024
Page 517
                                                                    The original consolidated financial statements included herein are in the
                                                                                                                       Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                     PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                               As of December 31, 2024
          dan untuk Tahun yang Berakhir                                          and for the Year Then Ended
              pada Tanggal Tersebut                                            (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                          Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     j.   Transaksi dengan pihak-pihak berelasi                       j.    Transactions with related parties

          Perusahaan dan entitas anaknya melakukan                          The Company and subsidiaries have transactions
          transaksi dengan pihak berelasi sesuai dengan                     with related parties as defined in PSAK 224.
          definisi yang diuraikan pada PSAK 224.

          Transaksi    ini  dilakukan     berdasarkan                       The transactions are made based on terms
          persyaratan yang disetujui oleh kedua belah                       agreed by the parties, in which such terms may
          pihak, dimana persyaratan tersebut mungkin                        not be the same as those of the transactions
          tidak sama dengan transaksi lain yang                             between unrelated parties.
          dilakukan dengan pihak-pihak yang tidak
          berelasi.

          Saldo dan transaksi signifikan dengan pihak-                      All significant balances and transactions with
          pihak berelasi diungkapkan dalam Catatan 32.                      related parties are disclosed in Note 32.

          Kecuali diungkapkan khusus sebagai pihak-                         Unless specifically identified as related parties,
          pihak berelasi, maka pihak-pihak lain yang                        the parties disclosed in the notes to the
          disebutkan dalam catatan atas laporan                             consolidated financial statements are third
          keuangan konsolidasian merupakan pihak                            parties.
          ketiga.

     k.   Aset tetap                                                  k.    Fixed assets

          Seluruh aset tetap awalnya diakui sebesar                         All fixed assets are initially recognized at cost,
          biaya perolehan, yang terdiri atas harga                          which comprises the purchase price and any
          perolehan dan biaya-biaya tambahan yang                           costs directly attributable in bringing the assets to
          dapat diatribusikan langsung untuk membawa                        the location and condition necessary for the
          aset ke lokasi dan kondisi yang diinginkan                        assets to be capable of operating in the manner
          supaya aset tersebut siap digunakan sesuai                        intended by management.
          dengan maksud manajemen.

          Aset tetap dinyatakan sebesar biaya perolehan                     Fixed assets are stated at cost less accumulated
          dikurangi dengan akumulasi penyusutan dan                         depreciation and allowance for impairment. Land
          penyisihan penurunan nilai. Tanah tidak                           is not depreciated. The cost includes the cost of
          disusutkan. Termasuk juga ke dalam biaya                          replacing part of the fixed assets when that cost is
          perolehan adalah biaya-biaya penggantian                          incurred, only when it is probable that future
          bagian dari aset tetap jika biaya itu terjadi, dan                economic benefits associated with the item will
          apabila terdapat kemungkinan yang besar                           flow to the Group and the cost of the item can be
          bahwa Grup akan mendapat manfaat ekonomis                         measured reliably. Likewise, when a major
          di masa depan dari bagian aset tersebut serta                     inspection is performed, its cost is recognized in
          biaya perolehannya dapat diukur secara andal.                     the carrying amount of the fixed assets as a
          Demikian pula, pada saat inspeksi yang                            replacement if the recognition criteria are
          signifikan dilakukan, biaya inspeksi itu diakui ke                satisfied. All other repairs and maintenance costs
          dalam jumlah tercatat (carrying amount) aset                      that do not meet the recognition criteria are
          tetap sebagai suatu penggantian jika memenuhi                     recognized in profit or loss as incurred.
          kriteria pengakuan. Semua biaya pemeliharaan
          dan perbaikan yang tidak memenuhi kriteria
          pengakuan diakui dalam laba rugi pada saat
          terjadinya.




                                                                29
                                                                                             2024 Annual Report PT ELNUSA Tbk            515
Page 518
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                             As of December 31, 2024
           dan untuk Tahun yang Berakhir                                        and for the Year Then Ended
               pada Tanggal Tersebut                                          (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                        Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

      k.   Aset tetap (lanjutan)                                     k.    Fixed assets (continued)

           Setelah pengakuan awal, aset ini dinyatakan                     Subsequent to initial recognition, these assets are
           pada biaya perolehan dikurangi akumulasi                        carried at cost less any subsequent accumulated
           penyusutan dan kerugian penurunan nilai.                        depreciation and impairment losses.

           Penyusutan aset dimulai pada saat aset                          Depreciation of an asset is commenced when the
           tersebut siap untuk digunakan sesuai maksud                     asset is available for use in the manner intended
           penggunaannya oleh Grup dan dihitung dengan                     by the Group and is computed using the straight-
           menggunakan metode garis lurus berdasarkan                      line method based on the estimated useful lives of
           estimasi masa manfaat ekonomis sebagai                          the assets as follow:
           berikut:

                                                          Tahun/Year

            Bangunan, prasarana dan instalasi                 4-20                        Buildings, improvements and installations
            Mesin dan peralatan                               2-15                                        Machinery and equipment
            Perabotan dan perlengkapan kantor                 2-5                           Office furniture, fixtures and equipment
            Alat transportasi                                 2-5                                         Transportation equipment
            Konstruksi baja                                   2-15                                                 Steel constructions

           Jumlah tercatat aset ini direviu atas penurunan                 The carrying amounts of these assets are
           nilai jika terdapat peristiwa atau perubahan                    reviewed for impairment when events or changes
           keadaan yang mengindikasikan bahwa jumlah                       in circumstances indicate that their carrying
           tercatat mungkin tidak dapat seluruhnya                         values may not be fully recoverable.
           terealisasi.

           Jumlah tercatat komponen dari suatu aset                        The carrying amount of an item of these assets is
           dihentikan pengakuannya pada saat dilepaskan                    derecognized upon disposal or when no future
           atau saat sudah tidak ada lagi manfaat ekonomi                  economic benefits are expected from its use or
           masa depan yang diharapkan dari penggunaan                      disposal. Any gain or loss arising from the
           maupun pelepasannya. Keuntungan atau                            derecognition of the asset (calculated as the
           kerugian yang timbul dari penghentian                           difference between the net disposal proceeds and
           pengakuan tersebut (ditentukan sebesar selisih                  the carrying amount of the asset) is directly
           antara jumlah hasil pelepasan neto dan jumlah                   included in the profit or loss of year the item is
           tercatatnya) dimasukkan ke dalam laba rugi                      derecognized.
           pada tahun penghentian pengakuan tersebut
           dilakukan.

           Nilai residu, umur manfaat dan metode                           The residual values, useful lives and depreciation
           penyusutan aset tetap dievaluasi setiap akhir                   method of fixed assets are reviewed at the end of
           tahun pelaporan dan disesuaikan secara                          each reporting year and adjusted prospectively, if
           prospektif jika dipandang perlu.                                necessary.

           Aset tetap dalam penyelesaian dicatat sebesar                   Constructions in-progress are stated at cost,
           biaya perolehan, yang mencakup kapitalisasi                     including capitalized borrowing costs and other
           beban pinjaman dan biaya-biaya lainnya yang                     charges incurred in connection with the financing
           terjadi sehubungan dengan pendanaan aset                        of the said asset constructions. The accumulated
           tetap dalam penyelesaian tersebut. Akumulasi                    costs will be reclassified to the appropriate “Fixed
           biaya perolehan akan direklasifikasi ke akun                    Assets” account when the construction is
           “Aset Tetap” yang bersangkutan pada saat aset                   completed. Assets under construction are not
           tetap tersebut telah selesai dikerjakan dan siap                depreciated until they fulfill criteria for recognition
           untuk     digunakan.     Aset     tetap   dalam                 as fixed assets as disclosed above.
           penyelesaian      tidak   disusutkan     sampai
           memenuhi syarat pengakuan sebagai aset
           tetap seperti diungkapkan di atas.


                                                               30
516    PT ELNUSA Tbk Laporan Tahunan 2024
Page 519
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                             As of December 31, 2024
          dan untuk Tahun yang Berakhir                                        and for the Year Then Ended
              pada Tanggal Tersebut                                          (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                        Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     k.   Aset tetap (lanjutan)                                     k.    Fixed assets (continued)

          Beban      pemeliharaan      dan     perbaikan                  Repairs and maintenance expenses are taken to
          dibebankan pada laba rugi pada saat terjadinya.                 the profit or loss when they are incurred. The cost
          Beban pemugaran dan penambahan dalam                            of major renovation and restoration is included in
          jumlah besar dikapitalisasi kepada jumlah                       the carrying amount of the related asset when it is
          tercatat aset terkait bila besar kemungkinan                    probable that future economic benefits in excess
          bagi Grup manfaat ekonomi masa depan                            of the originally assessed standard of
          menjadi lebih besar dari standar kinerja awal                   performance of the existing asset will flow to the
          yang ditetapkan sebelumnya dan disusutkan                       Group and is depreciated over the remaining
          sepanjang sisa masa manfaat aset terkait.                       useful life of the related asset.

          Tanah termasuk biaya pengurusan legal hak                       Land, including legal cost of land rights in the form
          atas tanah dalam bentuk Hak Guna Usaha                          of Right to Cultivate (“Hak Guna Usaha” or
          (“HGU”), Hak Guna Bangunan (“HGB”) dan Hak                      “HGU”), Right to Build (“Hak Guna Bangunan” or
          Pakai (“HP”) ketika tanah diperoleh pertama kali                “HGB”) and Right to Use (“Hak Pakai” or “HP”)
          dinyatakan sebesar biaya perolehan dan tidak                    when the land rights were acquired initially, is
          diamortisasi karena manajemen berpendapat                       stated at cost and not amortized as the
          bahwa kemungkinan besar hak atas tanah                          management is of the opinion that it is probable
          tersebut dapat diperbaharui/diperpanjang pada                   the titles of land rights can be renewed/extended
          saat masa berlakunya selesai.                                   upon expiration.

     l.   Aset takberwujud                                          l.    Intangible assets

          Biaya terkait dengan pembaruan hak atas tanah                   Cost related to renewal of land rights are
          diakui sebagai aset takberwujud dan                             recognized as intangible assets and amortized
          diamortisasi sepanjang umur hukum hak yang                      during the period of the land rights which are
          berkisar antara 20 (dua puluh) sampai                           ranging from 20 (twenty) to 30 (thirty) years.
          30 (tiga puluh) tahun.

          Biaya yang terkait dengan pemeliharaan                          Costs associated with maintaining computer
          program piranti lunak komputer diakui sebagai                   software programs are recognized as an expense
          beban pada saat terjadinya. Biaya perolehan                     as incurred. Acquisition and development costs
          atau pengembangan yang dapat secara                             that are directly attributable to the design and
          langsung diatribusikan kepada desain dan                        testing of software products are recognized as
          pengujian produk piranti lunak diakui sebagai                   intangible assets.
          aset takberwujud.

          Biaya-biaya yang dapat diatribusikan secara                     Directly attributable costs that are capitalized as
          langsung dan dikapitalisasi sebagai bagian dari                 part of the software product include the software
          produk piranti lunak mencakup beban pekerja                     development employee costs and an appropriate
          pengembang piranti lunak dan overhead yang                      portion of the relevant overheads. The acquisition
          relevan. Biaya perolehan dan pengembangan                       and development costs is amortized using the
          piranti lunak diamortisasi dengan menggunakan                   straight-line method over 2 (two) years.
          metode garis lurus selama 2 (dua) tahun.

          Aset takberwujud dihentikan pengakuannya                        Intangible assets is derecognized either when it
          pada saat pelepasan atau aset tersebut tidak                    has been disposed of or when the assets is
          digunakan lagi secara permanen dan tidak                        permanently withdrawn from use and no future
          memiliki manfaat ekonomis di masa depan                         benefit is expected from its disposal. Any gains or
          yang      dapat  diharapkan     pada    saat                    losses on the derecognition or disposal of an
          pelepasannya. Laba atau rugi yang timbul dari                   intangible assets are recognized in profit or loss
          penghentian pengakuan atau pelepasan aset                       on the date of derecognition or disposal.
          takberwujud diakui dalam laba rugi pada saat
          terjadinya penghentian atau pelepasan
          tersebut.

                                                              31
                                                                                           2024 Annual Report PT ELNUSA Tbk            517
Page 520
                                                                The original consolidated financial statements included herein are in the
                                                                                                                   Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                               PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                              FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                         As of December 31, 2024
           dan untuk Tahun yang Berakhir                                    and for the Year Then Ended
               pada Tanggal Tersebut                                      (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                    Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI               2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                         POLICIES INFORMATION (continued)

      m. Sewa                                                     m. Lease

          Grup menilai pada saat insepsi kontrak apabila                The Group assesses at contract inception
          kontrak tersebut adalah, atau mengandung,                     whether a contract is, or contains, a lease. That
          sewa. Yaitu, bila kontrak tersebut memberikan                 is, if the contract conveys the right to control the
          hak untuk mengendalikan penggunaan aset                       use of an identified asset for a period of time in
          identifikasian selama suatu jangka waktu untuk                exchange for consideration.
          dipertukarkan dengan imbalan.

          Grup sebagai Penyewa                                          The Group as Lessee

          Grup menerapkan pendekatan pengakuan dan                      The Group applies a single recognition and
          pengukuran tunggal untuk semua sewa, kecuali                  measurement approach for all leases, except for
          untuk sewa jangka-pendek dan sewa yang aset                   short-term leases and leases of low-value assets.
          pendasarnya bernilai-rendah. Grup mengakui                    The Group recognizes lease liabilities to make
          liabilitas sewa untuk melakukan pembayaran                    lease payments and right-of-use assets
          sewa dan aset hak-guna yang mewakili hak                      representing the right to use the underlying
          untuk menggunakan aset pendasar.                              assets.

          Aset hak-guna                                                 Rights-of-use assets

          Grup mengakui aset hak-guna pada tanggal                      The Group recognizes right-of-use assets at the
          permulaan sewa (yaitu tanggal aset pendasar                   commencement date of the lease (i.e., the date
          tersedia untuk digunakan). Aset hak-guna                      the underlying asset is available for use). Right-
          diukur pada harga perolehan, dikurangi                        of-use assets are measured at cost, less any
          akumulasi penyusutan dan penurunan nilai,                     accumulated depreciation and impairment losses,
          serta disesuaikan dengan pengukuran kembali                   and adjusted for any remeasurement of lease
          liabilitas sewa. Biaya perolehan aset hak-guna                liabilities. The cost of right-of-use assets includes
          mencakup jumlah liabilitas sewa yang diakui,                  the amount of lease liabilities recognized, initial
          biaya langsung awal yang terjadi, dan                         direct costs incurred, and lease payments made
          pembayaran sewa yang dilakukan pada atau                      at or before the commencement date less any
          sebelum tanggal permulaan dikurangi setiap                    lease incentives received. Right-of-use assets are
          insentif sewa yang diterima. Aset hak-guna                    depreciated on a straight-line basis over the lease
          disusutkan dengan metode garis lurus selama                   term.
          masa sewa.

          Jika kepemilikan aset pendasar sewa beralih ke                If ownership of the leased asset transfers to the
          Grup pada akhir masa sewa atau biaya                          Group at the end of the lease term or the cost
          perolehan aset hak-guna merefleksikan Grup                    reflects the exercise of a purchase option,
          akan mengeksekusi opsi beli, maka penyusutan                  depreciation is calculated using the estimated
          aset hak-guna dihitung menggunakan estimasi                   useful life of the asset.The right-of-use assets are
          masa manfaat aset. Aset hak-guna juga                         also assessed for impairment.
          dievaluasi untuk penurunan nilai.

          Liabilitas sewa                                               Lease liabilities

          Pada tanggal permulaan sewa, Grup mengakui                    At the commencement date of the lease, the
          liabilitas sewa yang diukur pada nilai kini                   Group recognizes lease liabilities measured at the
          pembayaran sewa yang harus dilakukan                          present value of lease payments to be made over
          selama masa sewa.                                             the lease term.




                                                            32
518    PT ELNUSA Tbk Laporan Tahunan 2024
Page 521
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                  PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                            As of December 31, 2024
          dan untuk Tahun yang Berakhir                                       and for the Year Then Ended
              pada Tanggal Tersebut                                         (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                       Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     m. Sewa (lanjutan)                                             m. Lease (continued)

        Grup sebagai Penyewa (lanjutan)                                   The Group as Lessee (continued)

        Liabilitas sewa (lanjutan)                                        Lease liabilities (continued)

        Pembayaran sewa juga mencakup harga                               The lease payments also include the exercise
        pelaksanaan dari opsi beli yang secara wajar                      price of a purchase option reasonably certain to
        pasti dilaksanakan oleh Grup dan pembayaran                       be exercised by the Group and payments of
        pinalti untuk mengakhiri sewa, jika masa sewa                     penalties for terminating the lease, if the lease
        merefleksikan adanya opsi dapat mengakhiri                        term reflects exercising the option to terminate.
        sewa. Pembayaran sewa variabel yang tidak                         Variable lease payments that do not depend on
        bergantung pada indeks atau tarif diakui                          an index or a rate are recognized as expenses in
        sebagai beban pada periode terjadinya                             the period in which the event or condition that
        peristiwa atau kondisi yang memicu terjadinya                     triggers the payment occurs.
        pembayaran tersebut.

        Dalam menghitung nilai kini pembayaran sewa,                      In calculating the present value of lease
        Grup menggunakan Suku Bunga Pinjaman                              payments, the Group uses its Incremental
        Inkremental (“SBPI”) pada tanggal permulaan                       Borrowing Rate (“IBR”) at                  the lease
        sewa karena suku bunga implisit dalam sewa                        commencement date because the interest rate
        tidak dapat langsung ditentukan. Setelah                          implicit in the lease is not readily determinable.
        tanggal permulaan, jumlah kewajiban sewa                          After the commencement date, the amount of
        ditingkatkan untuk mencerminkan akresi bunga                      lease liabilities is increased to reflect the accretion
        (atas efek diskonto) dan dikurangi untuk                          of interest and reduced for the lease payments
        pembayaran sewa yang dilakukan. Selain itu,                       made. In addition, the carrying amount of lease
        nilai tercatat liabilitas sewa diukur kembali jika                liabilities is remeasured if there is a modification,
        terdapat modifikasi, perubahan masa sewa,                         a change in the lease term, a change in the lease
        perubahan pembayaran sewa, atau perubahan                         payments or a change in the assessment of an
        penilaian atas opsi untuk membeli aset                            option to purchase the underlying asset.
        pendasar.

        Sewa jangka pendek dan sewa dengan aset                           Short-term leases and leases of low-value assets
        bernilai rendah

        Grup menerapkan pengecualian pengakuan                            The Group applies the short-term lease
        sewa jangka pendek untuk sewa yang jangka                         recognition exemption to its short-term leases
        waktu sewanya pendek (yaitu, sewa yang                            (i.e., those leases that have a lease term of 12
        memiliki jangka waktu sewa 12 bulan atau                          months or less from the commencement date and
        kurang dari tanggal permulaan dan tidak                           do not contain a purchase option). The Group also
        memiliki opsi beli). Grup juga menerapkan                         applies the lease of low-value assets recognition
        pengecualian pengakuan sewa dengan aset                           exemption to leases that are considered to be low
        bernilai rendah untuk sewa yang aset                              value. Lease payments on short-term leases and
        pendasarnya dianggap bernilai rendah.                             leases of low-value underlying assets are
        Pembayaran sewa untuk sewa jangka pendek                          recognized as expense on a straight-line basis
        dan sewa dari aset bernilai rendah diakui                         over the lease term.
        sebagai beban dengan metode garis lurus
        selama masa sewa.




                                                              33
                                                                                           2024 Annual Report PT ELNUSA Tbk            519
Page 522
                                                                    The original consolidated financial statements included herein are in the
                                                                                                                       Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                              As of December 31, 2024
           dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
               pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.     SUMMARY OF MATERIAL ACCOUNTING POLICIES
      MATERIAL (lanjutan)                                             INFORMATION (continued)

      m. Sewa (lanjutan)                                              m. Lease (continued)

           Grup sebagai Pesewa                                              The Group as Lessor

           Sewa yang dalam pengaturannya Grup tidak                         Leases in which the Group does not transfer
           mengalihkan secara substansial seluruh risiko                    substantially all the risks and rewards incidental to
           dan manfaat yang terkait dengan kepemilikan                      ownership of an asset are classified as operating
           suatu aset diklasifikasikan sebagai sewa                         leases. Lease income arising is accounted for on
           operasi. Pendapatan sewa yang timbul dicatat                     a straight-line basis over the lease terms and is
           dengan metode garis lurus selama masa sewa                       included in operating income in the profit or loss
           dan diakui sebagai bagian dari pendapatan                        due to its operating nature. Initial direct costs
           usaha pada laba rugi karena sifatnya. Biaya                      incurred in negotiating and arranging an operating
           langsung awal yang terjadi dalam negosiasi dan                   lease are added to the carrying amount of the
           pengaturan sewa operasi ditambahkan ke                           leased asset and recognized over the lease term
           jumlah tercatat dari aset sewaan dan diakui                      on the same basis as lease income. Contingent
           selama masa sewa atas dasar yang sama                            rent are recognized as revenue in the period in
           dengan pendapatan sewa. Sewa kontijensi                          which they are earned.
           diakui sebagai pendapatan pada periode
           dimana sewa kontijensi tersebut diperoleh.

      n.   Properti investasi                                         n.    Investment properties

           Properti investasi terdiri dari tanah, bangunan                  Investment property consists of land, building
           prasarana dan instalasi, yang dikuasai Grup                      facilities and installations, which are held by the
           untuk disewakan atau untuk mendapatkan                           Group to earn rentals or for capital appreciation or
           keuntungan dari kenaikan nilai atau kedua-                       both, rather than for use in the production or
           duanya dan tidak untuk digunakan dalam                           supply of goods or services or for administrative
           produksi atau penyediaan barang atau jasa                        purposes or sale in the ordinary course of
           atau untuk tujuan administratif atau dijual dalam                business. Investment property is stated at cost,
           kegiatan usaha normal. Properti investasi                        including expenditure that is directly attributable to
           dinyatakan sebesar biaya perolehan termasuk                      acquisition of the investment property.
           pengeluaran yang dapat diatribusikan secara
           langsung untuk perolehan properti investasi.

           Selanjutnya,    properti    investasi    diukur                  Investment property is subsequently measured at
           berdasarkan biaya perolehan dikurangi                            cost less accumulated depreciation (except for
           akumulasi penyusutan (kecuali tanah yang                         land which is not depreciated) and allowance for
           tidak disusutkan) dan penyisihan penurunan                       impairment. The carrying amount includes the
           nilai. Jumlah tercatat termasuk bagian biaya                     cost of replacing part of an existing investment
           penggantian properti investasi yang ada pada                     property at the time that cost is incurred if the
           saat terjadinya biaya, jika kriteria pengakuan                   recognition criteria are met and excludes the costs
           terpenuhi dan tidak termasuk biaya harian                        of day to day servicing of an investment property.
           penggunaan properti investasi. Nilai wajar                       Fair value of the investment property is
           properti investasi ditentukan berdasarkan                        determined with reference to market value for the
           acuan harga pasar untuk properti sejenis.                        same type of property.

           Penyusutan bangunan, prasarana dan instalasi                     Depreciation of buildings, facilities and
           dihitung dengan menggunakan metode garis                         installations are calculated using the straight-line
           lurus selama estimasi umur manfaat aset                          method based on the estimated useful lifes of the
           antara 4 (empat) sampai 20 (dua puluh) tahun.                    assets between 4 (four) and 20 (twenty) years.




                                                                34
520    PT ELNUSA Tbk Laporan Tahunan 2024
Page 523
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                             As of December 31, 2024
          dan untuk Tahun yang Berakhir                                        and for the Year Then Ended
              pada Tanggal Tersebut                                          (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                        Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     n.   Properti investasi (lanjutan)                             n.    Investment properties (continued)

          Properti investasi dihentikan pengakuannya                      Investment property is derecognized either when
          pada saat pelepasan atau ketika properti                        it has been disposed of or when the investment
          investasi tersebut tidak digunakan lagi secara                  property is permanently withdrawn from use and
          permanen dan tidak memiliki manfaat ekonomis                    no future benefit is expected from its disposal. Any
          di masa depan yang dapat diharapkan pada                        gains or losses on the derecognition or disposal
          saat pelepasannya. Laba atau rugi yang timbul                   of an investment property are recognized in profit
          dari penghentian pengakuan atau pelepasan                       or loss on the date of derecognition or disposal.
          properti investasi diakui dalam laba rugi pada
          saat terjadinya penghentian atau pelepasan
          tersebut.

          Transfer ke properti investasi dilakukan jika,                  Transfers to investment property are made when,
          dan    hanya     jika,   terdapat    perubahan                  and only when, there is a change in use,
          penggunaan      yang     ditunjukkan    dengan                  evidenced by the end of owner occupation,
          berakhirnya    pemakaian        oleh    pemilik,                commencement of an operating lease to another
          dimulainya sewa operasi ke pihak lain atau                      party or completion of construction or
          selesainya pembangunan atau pengembangan.                       development. Transfers from investment property
          Transfer dari properti investasi dilakukan jika                 are made when, and only when, there is a change
          dan    hanya      jika   terdapat    perubahan                  in use, evidenced by commencement of owner
          penggunaan      yang     ditunjukkan    dengan                  occupation or commencement of development
          dimulainya penggunaan oleh pemilik atau                         with a view to sale.
          dimulainya pengembangan yang bertujuan
          untuk dijual.

          Untuk transfer dari properti investasi ke aset                  For a transfer from investment property to an
          yang digunakan dalam operasi, Grup                              asset used in operations, the Group uses the cost
          menggunakan metode biaya pada tanggal                           method at the date of change in use. If the asset
          perubahan penggunaan. Jika aset yang                            used by the Group becomes an investment
          digunakan Grup menjadi properti investasi,                      property, the Group accounts for the asset in
          Grup mencatat aset tersebut sesuai dengan                       accordance with the policy stated under fixed
          kebijakan aset tetap sampai dengan tanggal                      assets up to the date of change in use.
          terakhir perubahan penggunaannya.

     o.   Penurunan nilai aset nonkeuangan                          o.    Impairment of non-financial assets

          Pada setiap tanggal pelaporan, Grup menilai                     The Group assesses at the each reporting date
          apakah terdapat indikasi suatu aset mengalami                   whether there is an indication that an asset may
          penurunan nilai. Jika terdapat indikasi tersebut                be impaired. If any such indication exists or when
          atau pada saat pengujian penurunan nilai aset                   annual impairment testing for an asset (i.e. an
          (yaitu aset takberwujud dengan umur manfaat                     intangible asset with an indefinite useful life, an
          tidak terbatas, aset takberwujud yang belum                     intangible asset not yet available for use, or
          dapat digunakan, atau goodwill yang diperoleh                   goodwill acquired in a business combination) is
          dalam suatu kombinasi bisnis) diperlukan,                       required, the Group makes an estimate of the
          maka Grup membuat estimasi formal jumlah                        asset’s recoverable amount.
          terpulihkan aset tersebut.




                                                              35
                                                                                           2024 Annual Report PT ELNUSA Tbk            521
Page 524
                                                                     The original consolidated financial statements included herein are in the
                                                                                                                        Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                     PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                               As of December 31, 2024
           dan untuk Tahun yang Berakhir                                          and for the Year Then Ended
               pada Tanggal Tersebut                                            (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                          Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

      o.   Penurunan       nilai    aset     nonkeuangan               o.    Impairment            of       non-financial           assets
           (lanjutan)                                                        (continued)

           Jumlah terpulihkan yang ditentukan untuk aset                     An asset’s recoverable amount is the higher of an
           individual adalah jumlah yang lebih tinggi antara                 asset’s or CGU’s fair value less costs to sell and
           nilai wajar aset atau UPK dikurangi biaya untuk                   its value in use, and is determined for an individual
           menjual dengan nilai pakainya, kecuali aset                       asset, unless the asset does not generate cash
           tersebut tidak menghasilkan arus kas masuk                        inflows that are largely independent of those from
           yang sebagian besar independen dari aset atau                     other assets or groups of assets. Where the
           kelompok aset lain. Jika nilai tercatat aset atau                 carrying amount of an asset or CGU exceeds its
           UPK       lebih    besar    daripada       jumlah                 recoverable amount, the asset is considered
           terpulihkannya,      maka       aset     tersebut                 impaired and is written down to its recoverable
           dipertimbangkan mengalami penurunan nilai                         amount.
           dan nilai tercatat aset diturunkan menjadi
           sebesar jumlah terpulihkannya.

           Grup mendasarkan perhitungan penurunan                            The Group bases its impairment calculation on
           nilai pada rincian perhitungan anggaran atau                      detailed budgets and forecast calculations which
           prakiraan yang disusun secara terpisah untuk                      are prepared separately for each of the Group’s
           masing-masing UPK Grup atas aset individual                       CGUs to which the individual assets are allocated.
           yang dialokasikan. Perhitungan anggaran dan                       These budgets and forecast calculations are
           prakiraan ini secara umum mencakup periode                        generally covering a period of five or ten years in
           selama lima atau sepuluh tahun sesuai dengan                      accordance with the stability of each estate’s cash
           stabilitas arus kas perkebunan terkait. Setelah                   flows. Beyond the forecasted period, the
           periode yang dianggarkan proyeksi arus kas                        estimated cash flows are determined by
           diestimasi dengan melakukan ekstrapolasi                          extrapolating the forecasted cash flows using a
           proyeksi      yang     dianggarkan      dengan                    steady long term growth rate.
           menggunakan tingkat pertumbuhan jangka
           panjang yang tetap.

           Dalam menghitung nilai pakai, estimasi arus                       In assessing the value in use, the estimated net
           kas masa depan neto didiskontokan ke nilai kini                   future cash flows are discounted to their present
           dengan menggunakan            tingkat    diskonto                 value using a pre-tax discount rate that reflects
           sebelum pajak yang menggambarkan penilaian                        current market assessments of the time value of
           pasar kini dari nilai waktu uang dan risiko                       money and the risks specific to the asset. In
           spesifik atas aset. Dalam menentukan nilai                        determining fair value less costs to sell, recent
           wajar dikurangi biaya untuk menjual, digunakan                    market transactions are taken into account, if
           harga penawaran pasar terakhir, jika tersedia.                    available. If no such transactions can be
           Jika tidak terdapat transaksi tersebut, Grup                      identified, an appropriate valuation model is used
           menggunakan model penilaian yang sesuai                           to determine the fair value of the assets. These
           untuk    menentukan       nilai    wajar     aset.                calculations are corroborated by valuation
           Perhitungan-perhitungan ini dikuatkan oleh                        multiples or other available fair value indicators.
           penilaian berganda atau indikator nilai wajar
           yang tersedia.

           Kerugian penurunan nilai dari operasi yang                        Impairment losses of continuing operations, if
           berkelanjutan, jika ada, diakui pada laba rugi                    any, are recognized in the profit or loss in those
           sesuai dengan kategori biaya yang konsisten                       expense categories consistent with the functions
           dengan fungsi dari aset yang diturunkan                           of the impaired asset.
           nilainya.




                                                                 36
522    PT ELNUSA Tbk Laporan Tahunan 2024
Page 525
                                                                     The original consolidated financial statements included herein are in the
                                                                                                                        Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                      PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                                As of December 31, 2024
          dan untuk Tahun yang Berakhir                                           and for the Year Then Ended
              pada Tanggal Tersebut                                             (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                           Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

     o.   Penurunan       nilai    aset      nonkeuangan               o.    Impairment            of       non-financial           assets
          (lanjutan)                                                         (continued)

          Untuk aset selain goodwill, penilaian dilakukan                    For assets excluding goodwill, an assessment is
          pada akhir setiap tanggal pelaporan apakah                         made at each reporting date as to whether there
          terdapat indikasi bahwa rugi penurunan nilai                       is any indication that previously recognized
          yang telah diakui dalam tahun sebelumnya                           impairment losses may no longer exist or may
          mungkin tidak ada lagi atau mungkin telah                          have decreased. If such indication exists, the
          menurun. Jika indikasi dimaksud ditemukan,                         asset’s or CGU’s recoverable amount is
          maka entitas mengestimasi jumlah terpulihkan                       estimated. A previously recognized impairment
          aset atau UPK tersebut. Kerugian penurunan                         loss for an asset other than goodwill is reversed
          nilai yang telah diakui dalam tahun sebelumnya                     only if there has been a change in the
          untuk aset selain goodwill dibalik hanya jika                      assumptions used to determine the asset’s
          terdapat perubahan asumsi-asumsi yang                              recoverable amount since the last impairment
          digunakan       untuk     menentukan       jumlah                  loss was recognized. If that is the case, the
          terpulihkan aset tersebut sejak rugi penurunan                     carrying amount of the asset is increased to its
          nilai terakhir diakui. Dalam hal ini, jumlah                       recoverable amount. The reversal is limited so
          tercatat     aset     dinaikkan     ke     jumlah                  that the carrying amount of the assets does not
          terpulihkannya. Pembalikan tersebut dibatasi                       exceed its recoverable amount, nor exceed the
          sehingga jumlah tercatat aset tidak melebihi                       carrying amount that would have been
          jumlah terpulihkannya maupun jumlah tercatat,                      determined, net of depreciation, had no
          neto setelah penyusutan, seandainya tidak ada                      impairment loss been recognized for the asset in
          rugi penurunan nilai yang telah diakui untuk                       prior periods/years. Reversal of an impairment
          aset tersebut pada periode/tahun sebelumnya.                       loss is recognized in the profit or loss. After such
          Pembalikan rugi penurunan nilai diakui pada                        a reversal, the depreciation charge on the said
          laba rugi. Setelah pembalikan tersebut,                            asset is adjusted in future periods to allocate the
          penyusutan aset tersebut disesuaikan di                            asset’s revised carrying amount, less any residual
          periode mendatang untuk mengalokasikan                             value, on a systematic basis over its remaining
          jumlah tercatat aset yang direvisi, dikurangi nilai                useful life.
          sisanya, dengan dasar yang sistematis selama
          sisa umur manfaatnya.

          Goodwill diuji untuk penurunan nilai setiap                        Goodwill is tested for impairment annually and
          tahun dan ketika terdapat indikasi bahwa nilai                     when circumstances indicate that the carrying
          tercatatnya mungkin mengalami penurunan                            value may be impaired. Impairment is determined
          nilai. Penurunan nilai bagi goodwill ditetapkan                    for goodwill by assessing the recoverable amount
          dengan menentukan jumlah tercatat tiap UPK                         of each CGU (or group of CGUs) to which the
          (atau kelompok UPK) terkait dari goodwill                          goodwill relates. Where the recoverable amount
          tersebut. Jika jumlah terpulihkan UPK kurang                       of the CGU is less than their carrying amount, an
          dari jumlah tercatatnya, rugi penurunan nilai                      impairment loss is recognized. Impairment losses
          diakui. Rugi penurunan nilai terkait goodwill                      relating to goodwill cannot be reversed in future
          tidak dapat dibalik pada tahun berikutnya.                         years.




                                                                 37
                                                                                              2024 Annual Report PT ELNUSA Tbk            523
Page 526
                                                                    The original consolidated financial statements included herein are in the
                                                                                                                       Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                              As of December 31, 2024
           dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
               pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

      p.   Biaya pinjaman                                             p.    Borrowing costs

           Biaya pinjaman yang terjadi untuk konstruksi                     Borrowing cost for a qualifiying asset should be
           aset kualifikasian, dikapitalisasi selama waktu                  capitalized over the asset construction years. For
           yang     dibutuhkan     untuk     menyelesaikan                  borrowings directly attributable to a qualifying
           konstruksi. Untuk pinjaman yang dapat                            asset, the amount to be capitalized is determined
           diatribusikan secara langsung pada suatu aset                    as the actual borrowing costs incurred during the
           kualifikasian, jumlah yang dikapitalisasi adalah                 year, less any income earned on the temporary
           sebesar biaya pinjaman yang terjadi selama                       investment of such borrowings. For borrowings
           periode berjalan dikurangi pendapatan investasi                  that are not directly attributable to a qualifying
           jangka pendek dari pinjaman tersebut. Untuk                      asset, the amount to be capitalized is determined
           pinjaman yang tidak dapat diatribusi secara                      by applying a capitalization rate to the amount
           langsung pada suatu aset kualifikasian, jumlah                   expended on the qualifying asset. The
           biaya pinjaman yang dikapitalisasi ditentukan                    capitalization rate is the weighted-average of the
           dengan mengalikan tingkat kapitalisasi dengan                    borrowing costs applicable to the total borrowings
           pengeluaran untuk aset kualifikasian. Tingkat                    outstanding during the period, excluding
           kapitalisasi adalah rata-rata tertimbang biaya                   borrowings directly attributable to finance the
           pinjaman dibagi dengan jumlah pinjaman                           qualifying asset.
           selama periode tertentu, tidak termasuk
           pinjaman yang dapat diatribusikan secara
           langsung untuk membiayai aset kualifikasian.

      q.   Provisi                                                    q.    Provision

           Provisi diakui jika, sebagai akibat peristiwa                    A provision is recognized if, as a result of a past
           masa lalu, Grup memiliki kewajiban kini, baik                    event, the Group has a present legal or
           bersifat hukum maupun bersifat konstruktif yang                  constructive obligation that can be estimated
           dapat diukur secara andal dan kemungkinan                        reliably, and it is probable that an outflow of
           besar penyelesaian kewajiban tersebut                            economic benefits will be required to settle the
           mengakibatkan arus keluar sumber daya yang                       obligation. Where the time value of money is
           mengandung manfaat ekonomi. Jika dampak                          material, provision is stated at the present value
           nilai waktu uang cukup material, maka provisi                    of the expenditure expected to be required to
           dinyatakan pada estimasi nilai kini dari jumlah                  settle the obligation.
           kewajiban yang harus diselesaikan.

      r.   Pengakuan pendapatan dan beban                             r.    Revenues and expenses recognition

           Kelompok Usaha menerapkan PSAK 115,                              The Group has adopted PSAK 115, “Revenue
           “Pendapatan dari Kontrak dengan Pelanggan”                       from Contracts with Customers”, which requires
           yang mensyaratkan pengakuan pendapatan                           revenue recognition to fulfill 5 (five) steps of
           untuk memenuhi 5 (lima) langkah analisis                         assessment as follows:
           sebagai berikut:

           1. Identifikasi kontrak dengan pelanggan.                        1. Identify contract(s) with a customer.
           2. Identifikasi kewajiban pelaksanaan dalam                      2. Identify the performance obligations in the
              kontrak.        Kewajiban         pelaksanaan                    contract. Performance obligations are
              merupakan janji-janji dalam kontrak untuk                        promises in a contract to transfer to a
              menyerahkan barang atau jasa yang                                customer goods or services that are distinct.
              memiliki      karakteristik     berbeda     ke
              pelanggan.
           3. Menetapkan harga transaksi, setelah                           3. Determine the transaction price, net of
              dikurangi diskon, retur, insentif penjualan                      discounts, returns, sales incentives and value
              dan pajak pertambahan nilai, yang berhak                         added tax, which an entity expects to be
              diperoleh      suatu       entitas     sebagai                   entitled in exchange for transferring the
              kompensasi atas diserahkannya barang                             promised goods or services to a customer.
              atau jasa yang dijanjikan di kontrak.


                                                                38
524    PT ELNUSA Tbk Laporan Tahunan 2024
Page 527
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                              As of December 31, 2024
          dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
              pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     r.   Pengakuan       pendapatan       dan      beban            r.    Revenues           and        expenses          recognition
          (lanjutan)                                                       (continued)

          Kelompok Usaha menerapkan PSAK 115,                              The Group has adopted PSAK 115, “Revenue
          “Pendapatan dari Kontrak dengan Pelanggan”                       from Contracts with Customers”, which requires
          yang mensyaratkan pengakuan pendapatan                           revenue recognition to fulfill 5 (five) steps of
          untuk memenuhi 5 (lima) langkah analisis                         assessment as follows: (continued)
          sebagai berikut: (lanjutan)

          4. Alokasi harga transaksi ke setiap kewajiban                   4. Allocate the transaction price to each
             pelaksanaan dengan menggunakan dasar                             performance obligation on the basis of the
             harga jual berdiri sendiri relatif dari setiap                   relative stand-alone selling prices of each
             barang atau jasa berbeda yang dijanjikan di                      distinct goods or services promised in the
             kontrak. Ketika tidak dapat diamati secara                       contract. When these are not directly
             langsung, harga jual berdiri sendiri relatif                     observable, the relative standalone selling
             diperkirakan berdasarkan biaya yang                              price are estimated based on expected cost
             diharapkan ditambah marjin.                                      plus margin.

          5. Pengakuan pendapatan ketika kewajiban                         5. Recognise revenue when performance
             pelaksanaan telah dipenuhi dengan                                obligation is satisfied by transferring a
             menyerahkan barang atau jasa yang                                promised goods or services to a customer
             dijanjikan ke pelanggan (ketika pelanggan                        (which is when the customer obtains control of
             telah memiliki kendali atas barang atau jasa                     those goods or services).
             tersebut).

          Untuk pendapatan, kewajiban pelaksanaan                          For revenues, performance obligation is typically
          umumnya terpenuhi, dan pendapatan diakui,                        satisfied, and revenue is recognized, when the
          pada saat jasa telah diserahkan kepada                           services has been transferred to the customer (a
          pelanggan (pada suatu titik waktu atau dari                      point in time or over the time).
          waktu ke waktu).

           Pembayaran harga transaksi berbeda untuk                        Payment of the transaction price differs for each
           setiap kontrak. Aset kontrak diakui apabila                     contracts. Contract asset is recognised when
           kewajiban pelaksanaan yang telah dipenuhi                       performance obligation satisfied is more than the
           melebihi pembayaran yang dilakukan oleh                         payments by customer. Contract liability is
           pelanggan. Liabilitas kontrak diakui ketika                     recognised when the payments by customer is
           pembayaran yang dilakukan oleh pelanggan                        more than the performance obligation satisfied.
           melebihi kewajiban pelaksanaan yang telah                       Contract assets are presented under “Trade
           dipenuhi. Aset kontrak disajikan dalam                          receivables” and contract liabilities are presented
           “Piutang usaha” dan liabilitas kontrak disajikan                under “Unearned revenue”.
           dalam “Pendapatan diterima dimuka”.

           Kriteria tertentu juga harus terpenuhi untuk                    The specific criteria also must be met for each of
           setiap aktivitas Grup seperti yang dijelaskan di                the Group’s activities as described below.
           bawah.

          i.   Penjualan barang                                            i.    Sales of goods

               Pendapatan dari penjualan barang dalam                            Revenue from the sale of goods in the
               kegiatan usaha normal Grup diukur pada                            ordinary course of the Group’s activities is
               nilai wajar imbalan yang diterima atau akan                       measured at the fair value of the
               diterima,     setelah   dikurangi     Pajak                       consideration received or receivable, net of
               Pertambahan Nilai, retur, diskon dan                              Value Added Tax, returns, discounts and
               potongan harga.                                                   rebates.




                                                               39
                                                                                            2024 Annual Report PT ELNUSA Tbk            525
Page 528
                                                                    The original consolidated financial statements included herein are in the
                                                                                                                       Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                              As of December 31, 2024
           dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
               pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

      r.   Pengakuan         pendapatan      dan     beban            r.    Revenues           and        expenses          recognition
           (lanjutan)                                                       (continued)

            Kriteria tertentu juga harus terpenuhi untuk                    The specific criteria also must be met for each of
            setiap aktivitas Grup seperti yang dijelaskan di                the Group’s activities as described below.
            bawah. (lanjutan)                                               (continued)

           i.    Penjualan barang (lanjutan)                                i.    Sales of goods (continued)

                 Pendapatan penjualan barang diakui pada                          Revenue from sales of goods is recognized
                 saat terpenuhinya seluruh kondisi berikut:                       when all of the following conditions are met:

                 -    Grup telah memindahkan risiko dan                           -     the Group has transferred to the buyer
                      manfaat kepemilikan barang secara                                 the significant risks and rewards of
                      signifikan kepada pembeli;                                        ownership of the goods;

                 -    Grup       tidak   lagi    melanjutkan                      -     the Group retains neither continuing
                      pengelolaan yang biasanya terkait                                 managerial involvement to the degree
                      dengan kepemilikan atas barang                                    usually associated with ownership nor
                      maupun melakukan pengendalian                                     effective control over the goods sold;
                      efektif atas barang yang dijual;

                 -    jumlah pendapatan      dapat   diukur                       -     the amount of revenue can be measured
                      secara andal;                                                     reliably;

                 -    kemungkinan besar manfaat ekonomi                           -     it is probable that the economic benefits
                      yang terkait dengan transaksi tersebut                            associated with the transaction will flow
                      akan mengalir ke Grup; dan                                        to the Group; and

                 -    biaya yang terjadi atau akan terjadi                        -     the costs incurred or to be incurred in
                      sehubungan      transaksi   penjualan                             relation to the sales transaction can be
                      tersebut dapat diukur secara andal.                               measured reliably.

           ii.   Penjualan jasa                                             ii.   Sales of services

                 Pendapatan dari penjualan jasa diakui                            Revenue from sales of services is recognized
                 dalam laba rugi pada saat jasa diberikan.                        in profit or loss when the services are
                 Untuk penjualan jasa yang mengacu pada                           rendered. For sales of services in which the
                 tingkat    penyelesaian dari transaksi                           service are rendered by reference to the
                 pada      tanggal    pelaporan,    tingkat                       stage of completion of the transaction at the
                 penyelesaian transaksi ditentukan dengan                         reporting date, the stage of completion is
                 memperhatikan survei pekerjaan yang                              assessed by reference to surveys of work
                 telah dilaksanakan.                                              performed.

                 Pendapatan dari penjualan jasa diakui                            Revenue from rendering of services is
                 pada saat terpenuhinya seluruh kondisi                           recognized when all of the following
                 berikut:                                                         conditions are met:
                 - jumlah pendapatan dapat diukur secara                          -   the amount of revenue can be measured
                    andal;                                                            reliably;

                 -   besar kemungkinan manfaat ekonomi                            -     it is probable that the economic benefits
                     sehubungan dengan transaksi tersebut                               associated with the transaction will flow
                     akan mengalir ke Grup;                                             to the Group;




                                                                40
526    PT ELNUSA Tbk Laporan Tahunan 2024
Page 529
                                                                    The original consolidated financial statements included herein are in the
                                                                                                                       Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                     PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                               As of December 31, 2024
          dan untuk Tahun yang Berakhir                                          and for the Year Then Ended
              pada Tanggal Tersebut                                            (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                          Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     r.   Pengakuan        pendapatan       dan      beban            r.    Revenues           and        expenses          recognition
          (lanjutan)                                                        (continued)

           Kriteria tertentu juga harus terpenuhi untuk                     The specific criteria also must be met for each of
           setiap aktivitas Grup seperti yang dijelaskan di                 the Group’s activities as described below.
           bawah. (lanjutan)                                                (continued)

          ii.   Penjualan jasa (lanjutan)                                   ii.   Sales of services (continued)

                Pendapatan dari penjualan jasa diakui                             Revenue from rendering of services is
                pada saat terpenuhinya seluruh kondisi                            recognized when all of the following
                berikut: (lanjutan)                                               conditions are met: (continued)
                - tingkat      penyelesaian dari    suatu                         -   the stage of completion of the
                   transaksi pada tanggal pelaporan dapat                             transaction at the reporting date can be
                   diukur secara andal; dan                                           measured reliably; and
                - biaya yang timbul untuk transaksi dan                           -   the costs incurred for the transaction and
                   biaya untuk menyelesaikan transaksi                                the costs to complete the transaction can
                   tersebut dapat diukur dengan andal.                                be measured reliably.

                Bila hasil transaksi penjualan jasa tidak                         When the outcome of a transaction involving
                dapat diestimasi dengan andal, pendapatan                         the rendering of services cannot be
                yang diakui hanya sebesar beban yang                              estimated reliably, revenue is recognized
                telah diakui yang dapat diperoleh kembali.                        only to the extent of the expenses recognized
                Taksiran rugi pada jasa segera diakui                             that are recoverable. An expected loss on a
                dalam laba rugi.                                                  service is recognized immediately in profit or
                                                                                  loss.

          iii. Penghasilan sewa                                             iii. Rental income

                Penghasilan sewa dari properti investasi                          Rental income from investment property and
                dan aset tertentu diakui dalam laba rugi                          certain assets is recognized in profit or loss
                dengan dasar garis lurus selama jangka                            on a straight-line basis over the term of the
                waktu sewa.                                                       lease.

          iv. Beban                                                         iv. Expenses

                Beban diakui pada saat            terjadinya                      Expenses are recognized when incurred on
                berdasarkan konsep akrual.                                        an accrual basis.

     s.   Imbalan kerja                                               s.    Employee benefits

          i.    Program imbalan pasti                                       i.    Defined benefit plans

                Liabilitas program pensiun imbalan pasti                          The liability recognized in the consolidated
                yang diakui dalam laporan posisi keuangan                         statement of financial position in respect of
                konsolidasian adalah nilai kini kewajiban                         defined benefit pension plans is the present
                imbalan pasti pada tanggal pelaporan                              value of the defined benefit obligation at the
                dikurangi nilai wajar aset program.                               reporting date less the fair value of plan
                Perhitungan tersebut dilakukan oleh                               assets. The calculation is performed by an
                aktuaris        independen         dengan                         independent actuary using the projected unit
                menggunakan metode projected unit credit.                         credit method.




                                                                41
                                                                                             2024 Annual Report PT ELNUSA Tbk            527
Page 530
                                                                      The original consolidated financial statements included herein are in the
                                                                                                                         Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                      PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                As of December 31, 2024
           dan untuk Tahun yang Berakhir                                           and for the Year Then Ended
               pada Tanggal Tersebut                                             (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                           Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                               POLICIES INFORMATION (continued)

      s.   Imbalan kerja (lanjutan)                                     s.    Employee benefits (continued)

           i.   Program imbalan pasti (lanjutan)                              i.    Defined benefit plans (continued)

                Nilai kini kewajiban imbalan pasti                                  The present value of the defined benefit
                ditentukan       dengan  mendiskontokan                             obligation is determined by discounting the
                estimasi arus kas keluar di masa depan                              estimated future cash outflows using
                menggunakan tingkat bunga obligasi                                  government bond interest rates considering
                pemerintah dengan pertimbangan bahwa                                currently there is no deep market for high
                pada saat ini tidak terdapat pasar aktif                            quality corporate bonds that have terms to
                untuk obligasi korporasi yang berkualitas                           maturity approximating the terms of the
                tinggi yang memiliki periode jatuh                                  related liability.
                temponya berdekatan dengan periode
                liabilitas tersebut.

                Beban yang diakui di laba rugi termasuk                             Expense charged to profit or loss includes
                biaya jasa kini, beban/pendapatan bunga,                            current     service      costs,     interest
                biaya jasa lalu dan keuntungan/kerugian                             expense/income, past-service cost and gains
                penyelesaian.                                                       and losses on settlements.

                Pengukuran       kembali,    terdiri  atas                          Re-measurements, comprising of actuarial
                keuntungan dan kerugian aktuarial, segera                           gains     and     losses,   are    recognized
                diakui pada laporan posisi keuangan                                 immediately in the consolidated statement of
                konsolidasian dengan pengaruh langsung                              financial position with a corresponding debit
                didebit atau dikreditkan kepada saldo laba                          or credit to retained earnings through OCI in
                melalui PKL pada periode terjadinya.                                the period in which they occur. Re-
                Pengukuran kembali tidak direklasifikasi ke                         measurements are not reclassified to profit or
                laba rugi pada periode berikutnya.                                  loss in subsequent periods.

                Biaya jasa lalu harus diakui sebagai beban                          Past service costs are recognized in profit or
                pada saat yang lebih awal antara:                                   loss at the earlier between:
                i) ketika program amandemen atau                                      i) the date of the plan amendment or
                    kurtailmen terjadi; dan                                               curtailment, and
                ii) ketika     Grup      mengakui     biaya                           ii) the date the Group recognizes related
                    restrukturisasi atau imbalan terminasi                                restructuring costs.
                    terkait.

                Bunga neto dihitung dengan menerapkan                               Net interest is calculated by applying the
                tingkat diskonto yang digunakan terhadap                            discount rate to the net defined benefit
                liabilitas imbalan kerja. Grup mengakui                             liability. The Group recognizes the following
                perubahan berikut pada kewajiban obligasi                           changes in the net defined benefit obligation
                neto      pada     akun     “Beban     Pokok                        under “Cost of Goods Revenues” and
                Pendapatan” dan “Beban Umum dan                                     “General and Administrative Expenses” as
                Administrasi” pada laporan laba rugi dan                            appropriate in the consolidated statement of
                penghasilan          komprehensif         lain                      profit or loss and other comprehensive
                konsolidasian:                                                      income:
                i) Biaya jasa terdiri atas biaya jasa kini,                         i) Service costs comprising current service
                    biaya jasa lalu, keuntungan atau                                    costs, past-service costs, gains or losses
                    kerugian         atas        penyelesaian                           on      curtailments   and     non-routine
                    (curtailment) tidak rutin, dan                                      settlements, and
                ii) Beban atau penghasilan bunga neto.                              ii) Net interest expense or income.




                                                                  42
528    PT ELNUSA Tbk Laporan Tahunan 2024
Page 531
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                             As of December 31, 2024
          dan untuk Tahun yang Berakhir                                        and for the Year Then Ended
              pada Tanggal Tersebut                                          (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                        Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     s.   Imbalan kerja (lanjutan)                                  s.    Employee benefits (continued)

          i.    Program imbalan pasti (lanjutan)                          i.    Defined benefit plans (continued)

                Program      imbalan     pasti    yang                          The defined benefit plans provided by the
                diselenggarakan oleh Grup meliputi                              Group cover defined benefit pension and
                pensiun imbalan pasti dan kewajiban                             defined benefit obligation under the law
                imbalan pasti berdasarkan Undang-                               No. 6/2023, and Government Regulation
                Undang (“UU”) No. 6/2023 dan Peraturan                          No. 35/2021, as well as Company
                Pemerintah No. 35/2021, serta Peraturan                         Regulation.
                Perusahaan.

                Keuntungan dan kerugian atas kurtailmen                         Gains and losses on curtailment are
                diakui ketika terdapat komitmen untuk                           recognized when there is a commitment to
                mengurangi jumlah karyawan yang                                 make a material reduction in the number of
                tercakup dalam suatu program secara                             employees covered by a plan or when there
                signifikan atau ketika terdapat perubahan                       is an amendment of defined benefit plan
                ketentuan dalam program imbalan pasti                           terms such as that a material element of
                yang menyebabkan bagian yang material                           future services to be provided by current
                dari jasa masa depan, karyawan tidak lagi                       employees will no longer qualify for benefits,
                memberikan imbalan atau memberikan                              or will qualify only for reduced benefits.
                imbalan yang lebih rendah.

                Program       imbalan      pasti     yang                       The defined benefit plans provided by the
                diselenggarakan oleh Grup meliputi                              Group cover defined benefit pension and
                pensiun imbalan pasti dan kewajiban                             defined benefit obligation under Job Creation
                imbalan pasti berdasarkan Undang-                               Act No. 11/2020 (“Labour Law”) or
                Undang       (“UU”)       Cipta      Kerja                      Government Regulation No. 35/2021, as well
                No. 11/2020 dan Peraturan Pemerintah                            as Collective Labor Contracts.
                No. 35/2021, serta Kontrak Kerja Bersama.

          ii.   Program iuran pasti                                       ii.   Defined contribution plans

                Program iuran pasti merupakan program                           A defined contribution plan is a post-
                imbalan pasca kerja, dimana entitas                             employment benefit plan under which the
                membayar iuran tetap kepada suatu entitas                       entity pays fixed contributions into a separate
                terpisah dan tidak memiliki kewajiban                           entity and will have no legal or constructive
                hukum     ataupun     konstruktif  untuk                        obligation to pay further amounts. Obligations
                membayar iuran lebih lanjut. Kewajiban                          for the regular contributions constitute
                untuk membayar iuran secara reguler                             employee benefit costs for the year during
                merupakan biaya imbalan kerja karyawan                          which services are rendered by employees.
                untuk tahun dimana jasa diberikan oleh
                karyawan.

          iii. Imbalan kerja jangka panjang lainnya                       iii. Other long-term benefits

                Karyawan Grup memiliki hak untuk                                Employees of the Group are entitled to
                menerima penghargaan masa kerja untuk                           receive long service awards, namely Ulang
                jangka waktu tertentu dalam bentuk kas                          Tahun Dinas (“UTD”) in the form of certain
                dalam jumlah tertentu atau barang, yang                         cash awards or goods and long-service paid
                disebut Ulang Tahun Dinas (“UTD”) atau                          leave (“LSL”) in the form of a certain number
                cuti berimbalan jangka panjang (“cuti                           of days of leave benefits based on the length
                besar”) dalam bentuk jumlah hari cuti                           of service requirements.
                berdasarkan     periode    jasa    yang
                dipersyaratkan.


                                                              43
                                                                                           2024 Annual Report PT ELNUSA Tbk            529
Page 532
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                  PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                            As of December 31, 2024
           dan untuk Tahun yang Berakhir                                       and for the Year Then Ended
               pada Tanggal Tersebut                                         (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                       Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                 2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

      s.   Imbalan kerja (lanjutan)                                 s.    Employee benefits (continued)

           iii. Imbalan kerja jangka panjang lainnya                      iii. Other long-term benefits (continued)
                (lanjutan)

                 Kewajiban terkait dengan UTD dihitung                          The obligation with respect to UTD is
                 oleh    aktuaris  independen   dengan                          calculated by an independent actuary using
                 menggunakan metode projected unit credit                       the projected unit credit method, and paid at
                 dan dibayarkan pada saat karyawan                              the time the employees reach certain
                 mencapai UTD tertentu selama masa                              anniversary dates during employment.
                 kerjanya.

                 Cuti besar merupakan imbalan sejumlah                          LSL is a certain number of days leave benefit,
                 hari cuti tertentu, yang tergantung pada                       subject to approval by management,
                 persetujuan manajemen, diberikan kepada                        provided to employees who have met the
                 karyawan       yang    telah   memenuhi                        requisite number of years of service.
                 persyaratan jumlah tahun memberikan
                 jasa.

                 Biaya jasa lalu dan keuntungan atau                            Past service cost and actuarial gains or
                 kerugian aktuarial yang timbul dari                            losses arising from experience adjustments
                 penyesuaian akibat perbedaan antara                            and changes in actuarial assumptions are
                 asumsi aktuarial dan kenyataan dan                             charged immediately to profit or loss.
                 perubahan    asumsi-asumsi      aktuarial
                 dibebankan secara langsung ke laba rugi.

      t.   Mata uang                                                t.    Currency

           i.    Mata uang fungsional dan penyajian                       i.    Functional and presentation currency

                 Pos-pos     dalam    laporan   keuangan                        Items included in the consolidated financial
                 konsolidasian dari setiap entitas dalam                        statements of each of the Group’s entities are
                 Grup diukur dalam mata uang pada                               measured using the currency of the primary
                 lingkungan ekonomi utama dimana entitas                        economic environment in which the entity
                 beroperasi (“mata uang fungsional”).                           operates (the “functional currency”). The
                 Laporan keuangan konsolidasian disajikan                       consolidated financial statements are
                 dalam Rupiah, yang merupakan mata uang                         presented in Rupiah, which is the Group’s
                 fungsional dan penyajian Grup.                                 functional and presentation currency.

           ii.   Transaksi dan saldo dalam mata uang                      ii.   Transactions and balances in foreign
                 asing                                                          currencies

                 Transaksi dalam mata uang selain mata                          Transactions denominated in currencies
                 uang Rupiah dijabarkan menjadi mata                            other than Rupiah are converted into Rupiah
                 uang Rupiah dengan menggunakan kurs                            at the rates prevailing as of the date of the
                 yang berlaku pada tanggal transaksi.                           transaction.




                                                              44
530    PT ELNUSA Tbk Laporan Tahunan 2024
Page 533
                                                                        The original consolidated financial statements included herein are in the
                                                                                                                           Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                         PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                                   As of December 31, 2024
          dan untuk Tahun yang Berakhir                                              and for the Year Then Ended
              pada Tanggal Tersebut                                                (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                              Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                                  POLICIES INFORMATION (continued)

     t.   Mata uang (lanjutan)                                            t.    Currency (continued)

          ii.   Transaksi dan saldo dalam mata uang                             ii.   Transactions and balances in foreign
                asing (lanjutan)                                                      currencies (continued)

                Pada tanggal pelaporan, aset dan liabilitas                           At the reporting date, monetary assets and
                moneter dalam mata uang asing dijabarkan                              monetary liabilities denominated in foreign
                ke mata uang Rupiah dengan kurs JISDOR                                currencies are translated into Rupiah using
                Bank Indonesia untuk mata uang Dolar AS                               JISDOR Bank of Indonesia for US Dollar and
                dan menggunakan kurs tengah Bank                                      using the Bank of Indonesia middle rate
                Indonesia yang berlaku pada tanggal                                   prevailing as of that date for other currencies.
                tersebut untuk mata uang lainnya. Kurs                                The exchange rates of the major foreign
                yang digunakan untuk mata uang asing                                  currencies used are as follows (full amount):
                utama adalah sebagai berikut (nilai penuh):
                                                    31 Desember/    31 Desember/
                                                    December 31,    December 31,
                                                        2024            2023
                Dolar AS (“$AS”)                          16.157                15.439                                  US Dollar (“US$”)
                Dolar Singapura (“$SG”)                   11.919                11.712                          Singapore Dollar (“SG$”)
                Euro (“€”)                                16.851                17.140                                         Euro (“€”)
                Poundsterling Britania Raya (“£”)         20.333                19.760                   Great Britain Poundsterling (“£”)


                Keuntungan atau kerugian dari selisih kurs,                           Realized or unrealized foreign exchange
                yang sudah terealisasi maupun yang                                    gains or losses arising from transactions in
                belum, baik yang berasal dari transaksi                               foreign currency and from the translation of
                dalam mata uang asing maupun                                          foreign currency monetary assets and
                penjabaran aset dan liabilitas moneter                                liabilities are recognized in profit or loss,
                dibebankan dalam laba rugi, kecuali jika                              except       when    deferred    in     other
                ditangguhkan     dalam       penghasilan                              comprehensive income as qualifying cash
                komprehensif lain sebagai lindung nilai                               flow hedges and qualifying net investment
                arus kas dan lindung nilai investasi neto                             hedges.
                yang memenuhi syarat.

     u.   Perpajakan                                                      u.    Taxation

          Pajak final                                                           Final tax

          Sesuai peraturan perpajakan di Indonesia,                             In accordance with the tax regulation in Indonesia,
          pajak final dikenakan atas nilai bruto transaksi,                     final tax is applied to the gross value of
          dan tetap dikenakan walaupun atas transaksi                           transactions, even when the parties carrying the
          tersebut pelaku transaksi mengalami kerugian.                         transaction recognizing losses.

          Pajak final tidak termasuk dalam lingkup yang                         Final tax is scoped out from PSAK 212: Income
          diatur oleh PSAK 212: Pajak Penghasilan.                              Tax.

          Grup menyajikan beban pajak final atas                                The Group presents final tax expense on
          pendapatan dari jasa penyewaan ruangan                                revenues arising from rental of office space and
          kantor dan tongkang serta penjualan bahan                             barges and sales of fuel as a separate line item,
          bakar sebagai pos tersendiri, sementara beban                         while final tax expense on interest income is
          pajak final atas penghasilan bunga disajikan                          presented as net on finance income.
          sebagai neto pada pendapatan keuangan.




                                                                    45
                                                                                                 2024 Annual Report PT ELNUSA Tbk            531
Page 534
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                  PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                            As of December 31, 2024
           dan untuk Tahun yang Berakhir                                       and for the Year Then Ended
               pada Tanggal Tersebut                                         (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                       Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                 2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

      u.   Perpajakan (lanjutan)                                    u.    Taxation (continued)

           Pajak penghasilan kini                                         Current income tax

           Aset dan liabilitas pajak kini untuk periode                   Current income tax assets and liabilities for the
           berjalan diukur sebesar jumlah yang diharapkan                 current period are measured at the amount
           dapat direstitusi dari atau dibayarkan kepada                  expected to be recovered from or paid to the
           otoritas perpajakan. Tarif pajak dan peraturan                 taxation authority. The tax rates and tax laws used
           pajak yang digunakan untuk menghitung jumlah                   to compute the amount are those that have been
           tersebut adalah yang telah berlaku atau secara                 enacted or substantively enacted as at the
           substantif telah berlaku pada tanggal pelaporan                reporting date in the countries where the Group
           di negara tempat Grup beroperasi dan                           operates and generates taxable income.
           menghasilkan pendapatan kena pajak.

           Bunga dan denda disajikan sebagai bagian dari                  Interests and penalties are presented as part of
           penghasilan atau beban operasi lain karena                     other operating income or expenses since they
           tidak dianggap sebagai bagian dari beban pajak                 are not considered as part of the income tax
           penghasilan.                                                   expense.

           Pajak penghasilan kini terkait dengan pos-pos                  Current income tax relating to items recognized
           yang diakui secara langsung di ekuitas diakui                  directly in equity is recognized in equity and not in
           dalam ekuitas dan bukan dalam laporan laba                     the statement of profit or loss. Management
           rugi. Manajemen secara berkala mengevaluasi                    periodically evaluates positions taken in the
           posisi yang diambil dalam Surat Pemberitahuan                  annual tax returns with respect to situations in
           Tahunan (SPT) sehubungan dengan situasi di                     which applicable tax regulations are subject to
           mana peraturan perpajakan yang berlaku                         interpretation and establishes provisions where
           tunduk pada interpretasi dan menetapkan                        appropriate.
           ketentuan yang sesuai.

           Sebagai tanggapan terhadap penerapan                           In response to the implementation of the
           kerangka Pilar Dua Organisasi untuk Kerja                      Organisation for Economic Co-operation and
           Sama      dan      Pembangunan       Ekonomi                   Development (“OECD”) Pillar Two framework, on
           (Organisation for Economic Co-operation and                    December 31, 2024, Indonesian Government
           Development atau "OECD"), pada tanggal                         implemented Pillar Two framework through
           31 Desember 2024, Pemerintah Indonesia                         Ministry of Finance Regulation No. 136/2024
           menerapkan kerangka Pilar Dua melalui                          (PMK 136/2024). The Pillar Two model rules as
           Peraturan Menteri Keuangan No. 136/2024                        implemented under PMK 136/2024 will take effect
           (PMK 136/2024). Aturan model Pilar Dua                         for fiscal years beginning on or after January 1,
           sebagaimana diterapkan dalam PMK 136/2024                      2025. For the year ended December 31, 2024, the
           akan berlaku untuk tahun fiskal yang dimulai                   Group has applied amendments to PSAK 212:
           pada atau setelah tanggal 1 Januari 2025.                      Income Taxes, which provide mandatory
           Untuk tahun yang berakhir pada 31 Desember                     temporary exception from recognizing or
           2024, Grup telah menerapkan amandemen                          disclosing deferred taxes related to Pillar Two.
           PSAK 212: Pajak Penghasilan, yang
           memberikan pengecualian wajib sementara dari
           pengakuan      atau     pengungkapan    pajak
           tangguhan terkait Pilar Dua.

           Pajak tangguhan                                                Deferred tax

           Pajak tangguhan diakui dengan menggunakan                      Deferred tax is provided using the liability method
           metode liabilitas atas perbedaan temporer pada                 on temporary differences at the reporting date
           tanggal pelaporan antara dasar pengenaan                       between the tax bases of assets and liabilities and
           pajak dari aset dan liabilitas dan jumlah                      their carrying amounts for financial reporting
           tercatatnya untuk tujuan pelaporan keuangan                    purposes at the reporting date.
           pada tanggal pelaporan.

                                                              46
532    PT ELNUSA Tbk Laporan Tahunan 2024
Page 535
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                             As of December 31, 2024
          dan untuk Tahun yang Berakhir                                        and for the Year Then Ended
              pada Tanggal Tersebut                                          (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                        Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     u.   Perpajakan (lanjutan)                                     u.    Taxation (continued)

          Pajak tangguhan (lanjutan)                                      Deferred tax (continued)

          Liabilitas pajak tangguhan diakui untuk semua                   Deferred tax liabilities are recognized for all
          perbedaan temporer yang kena pajak, kecuali:                    taxable temporary differences, except:
           i) liabilitas pajak tangguhan yang terjadi dari                 i) where the deferred tax liability arises from the
              pengakuan awal goodwill atau dari aset                          initial recognition of goodwill or of an asset or
              atau liabilitas dari transaksi yang bukan                       liability in a transaction that is not a business
              transaksi kombinasi bisnis, dan pada waktu                      combination and, at the time of the
              transaksi tidak mempengaruhi laba                               transaction, affects neither the accounting
              akuntansi dan laba kena pajak/rugi pajak;                       profit nor taxable profit or loss;

          ii) dari perbedaan temporer kena pajak atas                     ii) in respect of taxable temporary differences
              investasi pada entitas anak, yang saat                          associated with investments in subsidiaries,
              pembalikannya dapat dikendalikan dan                            when the timing of the reversal of the
              besar kemungkinannya bahwa beda                                 temporary differences can be controlled and it
              temporer itu tidak akan dibalik dalam waktu                     is probable that the temporary differences will
              dekat.                                                          not reverse in the foreseeable future.

          Aset pajak tangguhan diakui untuk seluruh                       Deferred tax assets are recognized for all
          perbedaan temporer yang dapat dikurangkan                       deductible temporary differences and carry
          dan akumulasi rugi pajak belum dikompensasi,                    forward of unused tax losses, to the extent that it
          bila kemungkinan besar laba kena pajak akan                     is probable that taxable profits will be available
          tersedia sehingga perbedaan temporer dapat                      against which deductible temporary differences,
          dikurangkan tersebut, dan rugi pajak belum                      and the carry forward of unused tax losses can be
          dikompensasi, dapat dimanfaatkan, kecuali:                      utilized, except:
           i) jika aset pajak tangguhan timbul dari                       i) where the deferred tax asset relating to the
               pengakuan awal aset atau liabilitas dalam                       deductible temporary difference arises from
               transaksi yang bukan transaksi kombinasi                        the initial recognition of an asset or liability in
               bisnis dan tidak mempengaruhi laba                              a transaction that is not a business
               akuntansi maupun laba kena pajak/rugi                           combination and, at the time of the
               pajak; atau                                                     transaction, affects neither the accounting
                                                                               profit nor taxable profit or loss; or

          ii) dari perbedaan temporer yang dapat                          ii) in respect of deductible temporary differences
              dikurangkan atas investasi pada entitas                         associated with investments in subsidiaries,
              anak, aset pajak tangguhan hanya diakui                         deferred tax assets are recognized only to the
              bila besar kemungkinannya bahwa beda                            extent that it is probable that the temporary
              temporer itu tidak akan dibalik dalam waktu                     differences will reverse in the foreseeable
              dekat dan laba kena pajak dapat                                 future and taxable profit will be available
              dikompensasi dengan beda temporer                               against which the temporary differences can
              tersebut.                                                       be utilized.

          Jumlah tercatat aset pajak tangguhan ditelaah                   The carrying amount of a deferred tax asset is
          pada setiap tanggal pelaporan dan diturunkan                    reviewed at each reporting date and reduced to
          apabila laba kena pajak mungkin tidak memadai                   the extent that it is no longer probable that
          untuk mengkompensasi sebagian atau semua                        sufficient taxable profit will be available to allow all
          manfaat aset pajak tangguhan. Aset pajak                        or part of the benefit of that deferred tax asset to
          tangguhan yang tidak diakui ditinjau ulang pada                 be utilized. Unrecognized deferred tax assets are
          setiap tanggal pelaporan dan akan diakui                        reassessed at each reporting date and are
          apabila besar kemungkinan bahwa laba kena                       recognized to the extent that it has become
          pajak pada masa yang akan datang akan                           probable that future taxable profit will allow the
          tersedia untuk pemulihannya.                                    deferred tax assets to be recovered.




                                                              47
                                                                                           2024 Annual Report PT ELNUSA Tbk            533
Page 536
                                                                     The original consolidated financial statements included herein are in the
                                                                                                                        Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                     PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                               As of December 31, 2024
           dan untuk Tahun yang Berakhir                                          and for the Year Then Ended
               pada Tanggal Tersebut                                            (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                          Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

      u.   Perpajakan (lanjutan)                                       u.    Taxation (continued)

           Pajak tangguhan (lanjutan)                                        Deferred tax (continued)

           Aset dan liabilitas pajak tangguhan diukur                        Deferred tax assets and liabilities are measured
           dengan menggunakan tarif pajak yang                               at the tax rates that are expected to apply to the
           diperkirakan akan berlaku pada tahun saat aset                    year when the asset is realized or the liability is
           dipulihkan     atau    liabilitas diselesaikan                    settled, based on tax rates and tax laws that have
           berdasarkan tarif pajak dan peraturan pajak                       been enacted or substantively enacted as at the
           yang telah berlaku atau yang secara substantif                    reporting date.
           telah berlaku pada tanggal pelaporan.

           Pajak tangguhan terkait dengan pos-pos yang                       Deferred tax relating to items recognized outside
           diakui di luar laba rugi diakui di luar laba rugi.                profit or loss is recognized outside profit or loss.
           Item pajak tangguhan diakui sesuai dengan                         Deferred tax items are recognized in correlation to
           transaksi yang mendasarinya baik di PKL                           the underlying transaction either in OCI or directly
           maupun secara langsung di ekuitas.                                in equity.

           Manfaat pajak yang diperoleh sebagai bagian                       Tax benefits acquired as part of a business
           dari kombinasi bisnis, tetapi tidak memenuhi                      combination, but not satisfying the criteria for
           kriteria untuk pengakuan terpisah pada tanggal                    separate recognition at that date, are recogn ised
           tersebut, diakui selanjutnya jika informasi baru                  subsequently if new information about facts and
           tentang fakta dan keadaan berubah.                                circumstances change. The adjustment is either
           Penyesuaian tersebut diperlakukan sebagai                         treated as a reduction in goodwill (as long as it
           pengurangan goodwill (selama tidak melebihi                       does not exceed goodwill) if it was incurred during
           goodwill)    jika   terjadi   selama     periode                  the measurement period or recognized in profit or
           pengukuran atau diakui dalam laba rugi.                           loss.

           Grup melakukan saling hapus aset pajak                            The Group offsets deferred tax assets and
           tangguhan dan liabilitas pajak tangguhan jika                     deferred tax liabilities if and only if it has a legally
           dan hanya jika memiliki hak yang berkekuatan                      enforceable right to set off current tax assets and
           hukum untuk saling hapus aset pajak kini dan                      current tax liabilities and the deferred tax assets
           liabilitas pajak kini dan aset pajak tangguhan                    and deferred tax liabilities relate to income taxes
           dan liabilitas pajak tangguhan terkait dengan                     levied by the same taxation authority on either the
           pajak penghasilan yang dikenakan oleh otoritas                    same taxable entity or different taxable entities
           perpajakan yang sama atas baik entitas kena                       which intend either to settle current tax liabilities
           pajak yang sama atau entitas kena pajak yang                      and assets on a net basis, or to realise the assets
           berbeda yang bermaksud untuk menyelesaikan                        and settle the liabilities simultaneously, in each
           liabilitas dan aset pajak kini secara neto, atau                  future period in which significant amounts of
           untuk merealisasikan aset dan menyelesaikan                       deferred tax liabilities or assets are expected to be
           liabilitas secara bersamaan, pada setiap                          settled or recovered.
           periode masa depan di mana jumlah liabilitas
           atau aset pajak tangguhan yang signifikan
           diharapkan untuk diselesaikan atau dipulihkan.

           Pajak Pertambahan Nilai                                           Value Added Tax

           Pendapatan, beban-beban dan aset-aset diakui                     Revenue, expenses and assets are recognized
           neto atas jumlah PPN kecuali:                                    net of the amount of VAT except:
            PPN yang muncul dari pembelian aset atau                        Where the VAT incurred on a purchase of
              jasa yang tidak dapat dikreditkan, yang                           assets or services is not recoverable, in which
              dalam hal ini PPN diakui sebagai bagian dari                      case the VAT is recognized as part of the cost
              biaya perolehan aset atau sebagai bagian                          of acquisition of the asset or as part of the
              dari item beban-beban yang terkait; dan                           expense item as applicable; and
            Piutang dan utang yang disajikan termasuk                       Receivables and payables that are stated with
              dengan jumlah PPN.                                                the amount of VAT included.

                                                                 48
534    PT ELNUSA Tbk Laporan Tahunan 2024
Page 537
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                              As of December 31, 2024
          dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
              pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     u.   Perpajakan (lanjutan)                                      u.    Taxation (continued)

          Pajak Pertambahan Nilai (lanjutan)                               Value Added Tax (continued)

          Jumlah PPN neto yang diajukan untuk                              The net amount of VAT which is claimed for
          direstitusi, atau terutang kepada, kantor pajak                  restitution from, or payable to, the taxation
          termasuk sebagai bagian dari aset atau liabilitas                authorities is included as part of assets or
          pada laporan posisi keuangan konsolidasian.                      liabilities in the   consolidated statement of
                                                                           financial position.

     v.   Segmen operasi                                             v.    Operating segments

          Segmen operasi adalah suatu komponen dari                        An operating segment is a component of the
          Grup yang melaksanakan aktivitas bisnis                          Group that engages in business activities from
          dimana komponen tersebut memperoleh                              which it may earn revenues and incur expenses,
          pendapatan dan menimbulkan beban, termasuk                       including revenues and expenses that relate to
          pendapatan yang diperoleh dan beban yang                         transactions with other components within the
          timbul dari transaksi dengan komponen lain                       Group.
          dalam Grup yang sama.

          Hasil operasi dari segmen operasi tersebut,                      The operating results of the operating segments,
          dimana tersedia informasi keuangan terpisah                      for which discrete financial information is
          untuk segmen tersebut, dikaji ulang secara                       available, are reviewed regularly by the Chief
          reguler oleh Pengambil Keputusan Operasional                     Operating Decision Maker (“CODM”) to make
          (“PKO”) untuk mengambil keputusan mengenai                       decisions about resource allocation and to assess
          pengalokasian sumber daya dan untuk menilai                      performance. The Group’s CODM are the
          kinerja segmen operasi. PKO Grup adalah                          Directors.
          Direksi.

          Kinerja segmen yang dilaporkan kepada Direksi                    Segment results that are reported to the Directors
          meliputi unsur-unsur yang dapat diatribusikan                    include items directly attributable to a segment as
          secara langsung kepada segmen operasi                            well as those that can be allocated on
          tersebut serta yang dapat dialokasikan secara                    a reasonable basis.
          andal.

          Pelaporan segmen primer atas informasi                           The primary segment reporting of financial
          keuangan disajikan berdasarkan bisnis utama                      information is presented based on the core
          dari setiap segmen yang dilaporkan. Pelaporan                    business of each of the reporting segments. The
          segmen sekunder ditentukan berdasarkan                           secondary segment reporting is defined based on
          kelompok pelanggan.                                              customer grouping.

     w. Laba per saham                                               w. Earnings per share

          Laba per saham dihitung dengan membagi laba                      Earnings per share are calculated by dividing the
          tahun berjalan yang dapat diatribusikan kepada                   profit for the year attributable to owners of the
          pemilik entitas induk dengan jumlah rata-rata                    parent by the weighted average number of shares
          tertimbang saham yang beredar sepanjang                          outstanding during the year.
          tahun berjalan.

          Perusahaan tidak mempunyai efek berpotensi                       The Company has no outstanding dilutive
          saham biasa yang bersifat dilutif pada tanggal                   potential ordinary shares as of December 31,
          31 Desember 2024.                                                2024.




                                                               49
                                                                                            2024 Annual Report PT ELNUSA Tbk            535
Page 538
                                                                    The original consolidated financial statements included herein are in the
                                                                                                                       Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                              As of December 31, 2024
           dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
               pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

      x.   Biaya emisi saham                                          x.    Shares issuance cost

           Biaya langsung yang berkaitan dengan                             Costs directly attributable to the issuance of new
           penerbitan saham baru disajikan dalam akun                       shares are shown in “additional paid-in-capital”
           “tambahan modal disetor” sebagai pengurang,                      account as a deduction, net of tax, from the
           setelah dikurangi pajak, dari jumlah yang                        proceeds.
           diterima.

      y.   Standar akuntansi yang telah diterbitkan                  y.     Accounting standards issued but not yet
           namun belum berlaku efektif                                      effective

           Standar akuntansi yang telah diterbitkan                         The accounting standards that have been issued
           sampai tanggal penerbitan laporan keuangan                       up to the date of issuance of the Group’s
           konsolidasian    Grup namun belum berlaku                        consolidated financial statements, but not yet
           efektif diungkapkan berikut ini. Manajemen                       effective are disclosed below. The management
           bermaksud untuk menerapkan standar-standar                       intends to adopt these standards that are
           tersebut    yang dipertimbangkan relevan                         considered relevant to the Group when they
           terhadap Grup pada saat efektif.                                 become effective.

           Mulai efektif pada atau setelah tanggal                          Effective beginning on or after January 1, 2025
           1 Januari 2025

           Amendemen        PSAK      221:     Kekurangan                   Amendment PSAK 221: Lack of Exchangeability
           Ketertukaran

           Amandemen         tersebut      mengharuskan                     The amendments require disclosure of
           pengungkapan informasi yang memungkinkan                         information that enables users of financial
           pengguna laporan keuangan memahami                               statements to understand the impact of a currency
           dampak mata uang yang tidak dapat                                not being exchangeable into the other currency
           dipertukarkan dengan mata uang lain yang                         affects, or is expected to affect, the entity’s
           memengaruhi,      atau    diperkirakan  akan                     financial performance, financial position and cash
           memengaruhi, kinerja keuangan, posisi                            flows. The amendments apply for annual reporting
           keuangan, dan arus kas entitas. Amandemen                        periods beginning on or after 1 January 2025.
           berlaku untuk periode pelaporan tahunan yang                     Earlier application is permitted which an entity is
           dimulai pada atau setelah 1 Januari 2025.                        required to disclose that fact.
           Penerapan dini diperkenankan dimana entitas
           diharuskan mengungkapkan fakta tersebut.

           Grup saat ini sedang menilai dampak dari                         The Group is currently assessing the impact of the
           amandemen tersebut terhadap pelaporan                            amendment on the Group’s financial reporting.
           keuangan Grup.

           PSAK 117: Kontrak Asuransi                                       PSAK 117: Insurance Contracts

           Standar akuntansi baru yang komprehensif                         A comprehensive new accounting standard for
           untuk kontrak asuransi yang mencakup                             insurance contracts covering recognition and
           pengakuan dan pengukuran, penyajian dan                          measurement, presentation and disclosure, upon
           pengungkapan, pada saat berlaku efektif PSAK                     its effective date, PSAK 117 will replace PSAK
           117 akan menggantikan PSAK 104: Kontrak                          104: Insurance Contracts. PSAK 104 applies to all
           Asuransi. PSAK 104: Kontrak asuransi berlaku                     types of insurance contracts, life, non-life, direct
           untuk semua jenis kontrak asuransi, jiwa, non-                   insurance and re-insurance, regardless of the
           jiwa, asuransi langsung dan reasuransi,                          entities issuing them, as well as to certain
           terlepas dari entitas yang menerbitkannya,                       guarantees and financial instruments with
           serta untuk jaminan dan instrumen keuangan                       discretionary participation features, while a few
           tertentu dengan fitur partisipasi tidak mengikat,                scope exceptions will apply.
           serta beberapa pengecualian ruang lingkup
           akan berlaku.
                                                                50
536    PT ELNUSA Tbk Laporan Tahunan 2024
Page 539
                                                               The original consolidated financial statements included herein are in the
                                                                                                                  Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                               PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                              FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                         As of December 31, 2024
          dan untuk Tahun yang Berakhir                                    and for the Year Then Ended
              pada Tanggal Tersebut                                      (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                    Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI               2.     SUMMARY     OF   MATERIAL     ACCOUNTING
     MATERIAL (lanjutan)                                         POLICIES INFORMATION (continued)

     y.   Standar akuntansi yang telah diterbitkan              y.     Accounting standards issued but not yet
          namun belum berlaku efektif (lanjutan)                       effective (continued)

          Mulai efektif pada atau setelah tanggal                      Effective beginning on or after January 1, 2025
          1 Januari 2025 (lanjutan)                                    (continued)

          PSAK 117: Kontrak Asuransi (lanjutan)                        PSAK 117: Insurance Contracts (continued)

          Tujuan keseluruhan dari PSAK 117 adalah                      The overall objective of PSAK 117 is to provide an
          untuk menyediakan model akuntansi untuk                      accounting model for insurance contracts that is
          kontrak asuransi yang lebih bermanfaat dan                   more useful and consistent for insurers.
          konsisten untuk asuradur.

          PSAK 117 berlaku efektif untuk periode                       PSAK 117 is effective for reporting periods
          pelaporan yang dimulai pada atau setelah                     beginning on or after January 1, 2025, with
          tanggal 1 Januari 2025, dengan mensyaratkan                  comparative figures required. Early application is
          angka      komparatif.    Penerapan     dini                 permitted, provided the entity also applies PSAK
          diperkenankan bila entitas juga menerapkan                   109 and PSAK 115 on or before the date of initial
          PSAK 109 dan PSAK 115 pada atau sebelum                      application of PSAK 117. This standard is not
          tanggal penerapan awal PSAK 117. Standar ini                 expected to have any impact to the financial
          tidak diharapkan memiliki dampak pada                        reporting of the Group upon first-time adoption.
          pelaporan keuangan Grup pada saat diadopsi
          untuk pertama kali.

          Mulai efektif pada atau setelah tanggal                      Effective beginning on or after January 1, 2026
          1 Januari 2026

          PSAK 109: Instrumen Keuangan dan PSAK 107                    PSAK 109: Financial Instruments and PSAK 107
          Instrumen Keuangan: Pengungkapan tentang                     Financial     Instruments:   Disclosure   on
          Klasifikasi dan    Pengukuran    Instrumen                   Classification and Measurement of Financial
          Keuangan                                                     Instruments

          Amendemen        ini    menambahkan       dan                This amendment adds and clarifies provisions in
          mengklarifikasi ketentuan dalam PSAK 109                     PSAK 109 regarding the derecognition of financial
          terkait penghentian pengakuan liabilitas                     liabilities, as well as clarifying the assessment of
          keuangan, serta mengklarifikasi penilaian                    cash flow characteristics for financial assets with
          karakteristik arus kas untuk aset keuangan                   ESG-linked features, financial assets with non-
          dengan fitur ESG-linked, aset keuangan                       recourse features, and contractually bound
          dengan fitur non-recourse, dan instrumen yang                instruments such as tranches. This amendment
          terikat secara kontraktual seperti tranche.                  also modifies the provisions in PSAK 107
          Amendemen ini juga mengubah ketentuan                        regarding the disclosure requirements for
          dalam PSAK 107 terkait persyaratan                           investments in equity instruments measured at
          pengungkapan investasi pada instrumen                        fair value through other comprehensive income
          ekuitas yang diukur pada nilai wajar melalui                 and adds provisions related to financial
          penghasilan komprehensif lain dan menambah                   instruments with contractual requirements that
          ketentuan terkait instrumen keuangan dengan                  alter the timing or amount of contractual cash
          persyaratan kontraktual yang mengubah waktu                  flows.
          atau jumlah arus kas kontraktual.




                                                           51
                                                                                        2024 Annual Report PT ELNUSA Tbk            537
Page 540
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                  PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                            As of December 31, 2024
           dan untuk Tahun yang Berakhir                                       and for the Year Then Ended
               pada Tanggal Tersebut                                         (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                       Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


2.    IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.     SUMMARY     OF   MATERIAL     ACCOUNTING
      MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

      z.   Klasifikasi lancar dan tak lancar                        z.     Current and non-current classification

           Grup menyajikan aset dan liabilitas dalam                       The Group presents assets and liabilities in the
           laporan     posisi   keuangan konsolidasian                     statement of financial position based on
           berdasarkan klasifikasi lancar/tak lancar. Suatu                current/non-current classification. An asset is
           aset disajikan lancar bila:                                     current when it is:
           1) akan direalisasi, dijual atau dikonsumsi                     1) expected to be realized or intended to be sold
               dalam siklus operasi normal,                                     or consumed in the normal operating cycle,
           2) untuk diperdagangkan,                                        2) held primarily for the purpose of trading,
           3) akan direalisasi dalam 12 bulan setelah                      3) expected to be realized within 12 months
               tanggal pelaporan, atau                                          after the reporting period, or
           4) kas atau setara kas kecuali yang dibatasi                    4) cash or cash equivalent unless restricted
               penggunaannya atau akan digunakan untuk                          from being exchanged or used to settle
               melunasi suatu liabilitas dalam kurun waktu                      a liability for at least 12 months after the
               12 bulan setelah tanggal pelaporan.                              reporting period.

           Seluruh aset lain diklasifikasikan sebagai tidak                All other assets are classified as non-current.
           lancar.

           Suatu liabilitas disajikan lancar bila:                         A liability is current when it is:
           1) akan dilunasi dalam siklus operasi normal,                   1) expected to be settled in the normal
           2) untuk diperdagangkan,                                             operating cycle,
           3) akan dilunasi dalam 12 bulan setelah                         2) held primarily for the purpose of trading,
               tanggal pelaporan, atau                                     3) due to be settled within twelve months after
           4) tidak ada hak tanpa syarat untuk                                  the reporting period, or
               menangguhkan          pelunasannya  dalam                   4) there is no unconditional right to defer the
               kurun waktu 12 bulan setelah tanggal                             settlement of the liability for at least twelve
               pelaporan.                                                       months after the reporting period.

           Seluruh liabilitas lain diklasifikasikan sebagai                All other liabilities are classified as non-current.
           tidak lancar.

           Aset      dan     liabilitas pajak   tangguhan                  Deferred tax assets and liabilities are classified as
           diklasifikasikan sebagai aset tidak lancar dan                  non-current assets and liabilities.
           liabilitas jangka panjang.


3.    PERTIMBANGAN, ESTIMASI                DAN   ASUMSI      3.     SIGNIFICANT   ACCOUNTING                           JUDGMENTS,
      AKUNTANSI SIGNIFIKAN                                           ESTIMATES AND ASSUMPTIONS

      Penyusunan laporan keuangan konsolidasian                      The preparation of consolidated financial statements,
      sesuai dengan Standar Akuntansi Keuangan di                    in conformity with Indonesian Financial Accounting
      Indonesia mewajibkan manajemen untuk membuat                   Standards, requires management to make judgments
      estimasi dan asumsi yang mempengaruhi jumlah-                  of estimations and assumptions that affect the
      jumlah yang dilaporkan dari pendapatan, beban,                 amounts reported on income, expenses, assets and
      aset dan liabilitas, dan pengungkapan liabilitas               liabilities and disclosures of contigent liabilities at the
      kontinjensi pada tanggal pelaporan. Ketidakpastian             reporting date. The estimation uncertainty may cause
      mengenai asumsi dan estimasi tersebut dapat                    adjustment to the carrying amounts of assets and
      mengakibatkan penyesuaian nilai tercatat aset dan              liabilities within the next reporting period.
      liabilitas dalam periode pelaporan berikutnya.

      Manajemen berkeyakinan bahwa pengungkapan                      Management believes that the following represent
      berikut telah mencakup ikhtisar pertimbangan,                  a summary of the significant judgments, estimates and
      estimasi dan asumsi signifikan yang dibuat oleh                assumptions made that affected certain reported
      manajemen, yang berpengaruh terhadap jumlah-                   amounts and disclosures in the consolidated financial
      jumlah yang dilaporkan serta pengungkapan dalam                statements.
      laporan keuangan konsolidasian.

                                                               52
538    PT ELNUSA Tbk Laporan Tahunan 2024
Page 541
                                                                    The original consolidated financial statements included herein are in the
                                                                                                                       Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                     PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                               As of December 31, 2024
          dan untuk Tahun yang Berakhir                                          and for the Year Then Ended
              pada Tanggal Tersebut                                            (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                          Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


3.   PERTIMBANGAN, ESTIMASI DAN                  ASUMSI        3.     SIGNIFICANT   ACCOUNTING    JUDGMENTS,
     AKUNTANSI SIGNIFIKAN (lanjutan)                                  ESTIMATES AND ASSUMPTIONS (continued)

     a.   Pertimbangan                                                a.    Judgments

          Pertimbangan-pertimbangan berikut dibuat oleh                     The following judgments, made by management
          manajemen dalam proses penerapan kebijakan                        in the process of applying the Group’s accounting
          akuntansi Grup yang memiliki dampak yang                          policies, have the most significant effects on the
          paling signifikan terhadap jumlah-jumlah yang                     amounts recognized in the consolidated financial
          diakui dalam laporan keuangan konsolidasian:                      statements:

          Penentuan mata uang fungsional                                    Determination of functional currency

          Mata uang fungsional Perusahaan dan entitas                       The functional currency of the Company and its
          anaknya adalah mata uang dari lingkungan                          subsidiaries is the currency of the primary
          ekonomi utama dimana setiap entitas                               economic environment in which each entity
          beroperasi. Mata uang tersebut adalah mata                        operates. It is the currency that mainly influences
          uang      yang   terutama    mempengaruhi                         the revenue and cost of rendering services.
          pendapatan dan beban dari jasa yang
          diberikan.

          Tagihan restitusi pajak                                           Claims for tax refund

          Berdasarkan peraturan perpajakan yang                             Based on tax regulations currently enacted, the
          berlaku        saat       ini,     manajemen                      management judges if the amounts of claims for
          mempertimbangkan apakah jumlah tagihan                            tax refund recorded under prepaid taxes account
          restitusi pajak yang dicatat dalam akun pajak                     are recoverable from and refundable by the Tax
          dibayar di muka dapat dipulihkan dan direstitusi                  Office.
          oleh Kantor Pajak.

          Klasifikasi   aset   keuangan    dan    liabilitas                Classification of financial assets and financial
          keuangan                                                          liabilities

          Grup menetapkan klasifikasi atas aset dan                         The Group determines the classification of certain
          liabilitas tertentu sebagai aset keuangan dan                     assets and liabilities as financial assets and
          liabilitas keuangan dengan mempertimbangkan                       financial liabilities by judging if they meet the
          apakah definisi yang ditetapkan PSAK 109                          definition set forth in PSAK 109. Accordingly, the
          dipenuhi. Dengan demikian, aset keuangan dan                      financial assets and financial liabilities are
          liabilitas keuangan diakui sesuai dengan                          accounted for in accordance with the Group’s
          kebijakan akuntansi Grup seperti diungkapkan                      accounting policies disclosed in Note 2g.
          pada Catatan 2g.

     b.   Estimasi dan asumsi                                         b.    Estimates and assumptions

          Asumsi utama mengenai masa depan dan                              The key assumptions concerning the future and
          sumber utama lain dalam mengestimasi                              other key sources of estimation uncertainty at the
          ketidakpastian pada tanggal pelaporan yang                        reporting date that have a significant risk of
          mempunyai risiko signifikan yang dapat                            causing a material adjustment to the carrying
          menyebabkan penyesuaian material terhadap                         amounts of assets and liabilities within the next
          jumlah tercatat aset dan liabilitas dalam periode                 reporting period are disclosed below. The Group
          pelaporan berikutnya diungkapkan di bawah ini.                    based its assumptions and estimates on
          Grup mendasarkan asumsi dan estimasi pada                         parameters available when the consolidated
          parameter yang tersedia saat laporan keuangan                     financial statements were prepared. Existing
          konsolidasian disusun. Kondisi yang ada dan                       circumstances and assumptions about future
          asumsi mengenai perkembangan masa depan                           developments may change due to market
          dapat berubah karena perubahan situasi pasar                      changes on circumstances arising beyond the
          yang berada di luar kendali Grup. Perubahan                       control of the Group. Such changes are reflected
          tersebut tercermin dalam asumsi ketika                            in the assumptions when they occur.
          keadaan tersebut terjadi.

                                                                53
                                                                                             2024 Annual Report PT ELNUSA Tbk            539
Page 542
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                  PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                            As of December 31, 2024
           dan untuk Tahun yang Berakhir                                       and for the Year Then Ended
               pada Tanggal Tersebut                                         (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                       Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


3.    PERTIMBANGAN, ESTIMASI DAN                 ASUMSI      3.     SIGNIFICANT   ACCOUNTING    JUDGMENTS,
      AKUNTANSI SIGNIFIKAN (lanjutan)                               ESTIMATES AND ASSUMPTIONS (continued)

      b.   Estimasi dan asumsi (lanjutan)                           b.    Estimates and assumptions (continued)

           Penurunan nilai aset keuangan                                  Impairment of financial assets

           Grup menggunakan matriks provisi untuk                         The Group uses a provision matrix to calculate
           menghitung KKE atas piutang usaha. Tarif                       ECLs for trade receivables. The provision rates
           provisi didasarkan pada hari yang lewat jatuh                  are based on days past due for groupings of
           tempo untuk mengelompokkan pelanggan ke                        various customer segments that have similar loss
           segmen yang memiliki pola kerugian serupa.                     patterns. The provision matrix is initially based on
           Matriks provisi awalnya berdasarkan tarif                      the Group’s historical observed default rates. The
           default yang diamati Perusahaan secara                         Group will calibrate the matrix to adjust the
           historis. Grup akan mengkalibrasi matriks                      historical credit loss experience with forward-
           tersebut untuk menyesuaikan pengalaman                         looking information. For instance, if forecast
           kerugian kredit historis dengan informasi                      economic conditions are expected to deteriorate
           kedepan. Misalnya, jika prakiraan kondisi                      over the next year which can lead to an increased
           ekonomi diperkirakan memburuk selama tahun                     number of defaults in the Group’s industry sector,
           depan yang dapat menyebabkan peningkatan                       the historical default rates are adjusted. At every
           jumlah default di sektor usaha Grup, tingkat                   reporting date, the historical observed default
           default historis disesuaikan. Pada setiap                      rates are updated and changes in the forward-
           tanggal pelaporan, tarif default yang diamati                  looking estimates are analysed.
           secara historis diperbarui dan perubahan dalam
           estimasi ke depan dianalisis kembali.

           Penilaian korelasi antara tingkat default yang                 The assessment of the correlation between
           dapat diamati secara historis, taksiran kondisi                historical observed default rates, forecast
           ekonomi dan KKE adalah estimasi yang                           economic conditions and ECLs is a significant
           signifikan. Jumlah KKE sensitif terhadap                       estimate. The amount of ECLs is sensitive to
           perubahan keadaan dan taksiran kondisi                         changes in circumstances and of forecast
           ekonomi. Pengalaman kerugian kredit historis                   economic conditions. The Group’s historical credit
           Grup dan perkiraan kondisi ekonomi mungkin                     loss experience and forecast of economic
           juga tidak mewakili aktual default pelanggan                   conditions may also not be representative of
           yang sebenarnya di masa depan.                                 customer’s actual default in the future.

           Penyusutan, estimasi nilai sisa dan masa                       Depreciation, estimate of residual values and
           manfaat aset tetap dan properti investasi                      useful life of fixed assets and investment
                                                                          properties

           Masa manfaat aset tetap dan properti investasi                 The useful life of the Group’s fixed assets and
           Grup diestimasi berdasarkan jangka waktu aset                  investment properties are estimated based on the
           tersebut    diperkirakan dapat digunakan.                      period over which the assets are expected to be
           Estimasi tersebut didasarkan pada penilaian                    available for use. Such estimation is based on a
           kolektif berdasarkan bidang usaha yang sama,                   collective assessment of similar businesses,
           evaluasi teknis internal dan pengalaman                        internal technical evaluations and experience with
           terhadap aset sejenis. Taksiran masa manfaat                   similar assets. The estimated useful life of each
           setiap aset ditelaah secara berkala dan                        asset is reviewed periodically and updated if
           diperbarui jika estimasi berbeda dari perkiraan                expectations differ from previous estimates due to
           sebelumnya       yang     disebabkan    karena                 physical wear and tear, technical or commercial
           pemakaian, usang secara teknis atau komersial                  obsolescence and legal or other limits on the use
           serta keterbatasan hak atau pembatasan                         of the asset.
           lainnya terhadap penggunaan aset.




                                                              54
540    PT ELNUSA Tbk Laporan Tahunan 2024
Page 543
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                              As of December 31, 2024
          dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
              pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


3.   PERTIMBANGAN, ESTIMASI DAN                  ASUMSI       3.     SIGNIFICANT   ACCOUNTING    JUDGMENTS,
     AKUNTANSI SIGNIFIKAN (lanjutan)                                 ESTIMATES AND ASSUMPTIONS (continued)

     b.   Estimasi dan asumsi (lanjutan)                             b.    Estimates and assumptions (continued)

          Penyusutan, estimasi nilai sisa dan masa                         Depreciation, estimate of residual values and
          manfaat aset tetap dan properti investasi                        useful life of fixed assets and investment
          (lanjutan)                                                       properties (continued)
          Hasil operasi di masa mendatang mungkin                          It is possible, however, that future results of
          dapat terpengaruh secara signifikan oleh                         operations could be materially affected by
          perubahan dalam waktu dan biaya yang terjadi                     changes in the amounts and timing of recorded
          karena perubahan yang disebabkan oleh faktor-                    expenses brought about by changes in the factors
          faktor yang disebutkan di atas. Penurunan                        mentioned above. A reduction in the estimated
          taksiran masa manfaat ekonomis setiap aset                       useful life of any item of fixed assets and
          tetap dan properti investasi akan menyebabkan                    investment properties would increase the
          kenaikan beban penyusutan dan penurunan                          recorded depreciation and decrease the carrying
          nilai tercatat aset tetap dan properti investasi.                values of fixed assets and investment properties.

          Imbalan kerja                                                    Employee benefits

          Penentuan liabilitas imbalan kerja Grup                          The determination of the Group’s employee
          bergantung pada pemilihan asumsi yang                            benefits liability is dependent on its selection of
          digunakan oleh aktuaris independen dalam                         certain assumptions used by the independent
          menghitung jumlah-jumlah tersebut. Asumsi                        actuaries in calculating such amounts. Those
          tersebut termasuk antara lain, tingkat diskonto,                 assumptions include among others, discount
          tingkat kenaikan gaji, tingkat kematian, usia                    rates, salary increase rate, mortality rate,
          pensiun dan tingkat pengunduran diri. Hasil                      retirement age and resignation rate. Actual results
          aktual yang berbeda dari asumsi yang                             that differ from the Group’s assumptions are
          ditetapkan Grup diakui dalam penghasilan                         recognized in other comprehensive income. While
          komprehensif      lain.    Sementara       Grup                  the Group believes that its assumptions are
          berkeyakinan bahwa asumsi tersebut adalah                        reasonable        and    appropriate,   significant
          wajar dan sesuai, perbedaan signifikan pada                      differences in the Group actual results or
          hasil aktual atau perubahan signifikan dalam                     significant changes in the Group’s assumptions
          asumsi     yang    ditetapkan     Grup    dapat                  may materially affect its estimated liabilities for
          mempengaruhi secara material liabilitas                          employee benefits and net employee benefits
          imbalan kerja dan beban imbalan kerja neto                       expense recognized in profit or loss and other
          yang diakui dalam laba rugi dan penghasilan                      comprehensive income.
          komprehensif lain.

          Beban pajak kini                                                 Current tax expense

          Grup mengakui beban pajak kini berdasarkan                       The Group recognizes current tax expense based
          estimasi penghasilan kena pajak periode                          on the estimated taxable income for the period
          berjalan yang dihitung berdasarkan tarif pajak                   computed using the prevailing tax rates.
          yang berlaku.

          Aset pajak tangguhan                                             Deferred tax assets

          Aset pajak tangguhan diakui untuk semua                          Deferred tax assets are recognized for all
          perbedaan temporer yang boleh dikurangkan                        deductible     temporary      differences     and
          dan akumulasi rugi fiskal, sepanjang besar                       accumulated fiscal losses to the extent that it is
          kemungkinan perbedaan temporer yang boleh                        probable that taxable income will be available in
          dikurangkan dan akumulasi rugi fiskal tersebut                   future years against which the deductible
          dapat    dimanfaatkan     untuk   mengurangi                     temporary differences and accumulated fiscal
          penghasilan kena pajak pada masa depan.                          losses can be utilized. Significant management
          Estimasi     signifikan   oleh    manajemen                      estimates are required to determine the amount of
          disyaratkan dalam menentukan total aset pajak                    deferred tax assets that can be recognized, based
          tangguhan yang dapat diakui, berdasarkan saat                    upon the likely timing and the level of the future
          penggunaan dan tingkat penghasilan kena                          taxable income together with future tax planning
          pajak serta strategi perencanaan pajak masa                      strategies.
          depan.
                                                               55
                                                                                            2024 Annual Report PT ELNUSA Tbk            541
Page 544
                                                                     The original consolidated financial statements included herein are in the
                                                                                                                        Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                     PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                               As of December 31, 2024
           dan untuk Tahun yang Berakhir                                          and for the Year Then Ended
               pada Tanggal Tersebut                                            (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                          Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


3.    PERTIMBANGAN, ESTIMASI DAN                  ASUMSI        3.     SIGNIFICANT   ACCOUNTING    JUDGMENTS,
      AKUNTANSI SIGNIFIKAN (lanjutan)                                  ESTIMATES AND ASSUMPTIONS (continued)

      b.    Estimasi dan asumsi (lanjutan)                             b.    Estimates and assumptions (continued)

            Penurunan nilai aset nonkeuangan                                 Impairment of non-financial assets

            Penelaahan atas penurunan nilai dilakukan                        An impairment review is conducted when there
            apabila terdapat indikasi penurunan nilai aset                   are indications of impairment of certain assets.
            tertentu.   Penentuan     nilai   wajar   aset                   Determining the fair value of assets requires an
            membutuhkan estimasi arus kas yang                               estimate of the cash flows expected to be
            diharapkan akan dihasilkan dari pemakaian                        generated from the continued use and eventual
            berkelanjutan dan pelepasan akhir atas aset                      disposal of the assets. Significant changes in the
            tersebut. Perubahan signifikan dalam asumsi-                     assumptions used to determine fair value can
            asumsi yang digunakan untuk menentukan nilai                     significantly impact the recoverable amount and
            wajar dapat berdampak signifikan pada nilai                      the amount of impairment loss, which may have a
            terpulihkan dan jumlah kerugian penurunan nilai                  material impact on the Group's operating results.
            yang terjadi mungkin berdampak material pada
            hasil operasi Grup.


4.    KAS DAN SETARA KAS                                        4.     CASH AND CASH EQUIVALENTS

      Kas dan setara kas terdiri dari:                                 Cash and cash equivalents consist of:

                                                31 Desember/         31 Desember/
                                                December 31,         December 31,
                                                    2024                2023
      Kas                                                550                   1.050                                      Cash on hand
      Bank                                                                                                                Cash in banks
      Rupiah                                                                                                                     Rupiah
       Pihak ketiga                                                                                                Third parties
         PT Bank Maybank Indonesia Tbk                25.252                 46.757           PT Bank Maybank Indonesia Tbk
         PT Bank UOB Indonesia                        21.111                  6.892                  PT Bank UOB Indonesia
         PT Bank Central Asia Tbk                      4.821                  4.470                 PT Bank Central Asia Tbk
         Lain-lain (masing-masing                                                                        Others (each below
            di bawah Rp1.000)                           2.716                  3.283                             Rp1,000)
                                                      53.900                 61.402
       Pihak berelasi (Catatan 32a)                                                                     Related parties (Note 32a)
          PT Bank Tabungan Negara                                                                   PT Bank Tabungan Negara
            (Persero) Tbk                           1.297.223               828.484                            (Persero) Tbk
          PT Bank Mandiri (Persero) Tbk               370.588               246.490              PT Bank Mandiri (Persero) Tbk
          PT Bank Negara Indonesia                                                                  PT Bank Negara Indonesia
            (Persero) Tbk                             82.328                 83.017                            (Persero) Tbk
          PT Bank Syariah Indonesia Tbk               71.394                  7.093             PT Bank Syariah Indonesia Tbk
          PT Bank Rakyat Indonesia                                                                   PT Bank Rakyat Indonesia
            (Persero) Tbk                             69.825                 50.992                            (Persero) Tbk
                                                    1.891.358            1.216.076
      Subtotal                                      1.945.258            1.277.478                                               Sub-total




                                                                 56
542    PT ELNUSA Tbk Laporan Tahunan 2024
Page 545
                                                                        The original consolidated financial statements included herein are in the
                                                                                                                           Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                       PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                 As of December 31, 2024
           dan untuk Tahun yang Berakhir                                            and for the Year Then Ended
               pada Tanggal Tersebut                                              (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                            Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


4.    KAS DAN SETARA KAS (lanjutan)                                4.     CASH AND CASH EQUIVALENTS (continued)

      Kas dan setara kas terdiri dari: (lanjutan)                         Cash and cash equivalents consist of: (continued)

                                                    31 Desember/        31 Desember/
                                                    December 31,        December 31,
                                                        2024               2023
     Bank (lanjutan)                                                                                          Cash in banks (continued)
     Dolar AS                                                                                                                 US Dollar
       Pihak ketiga                                                                                                     Third parties
         MUFG Bank, Ltd.                                   2.397                  2.290                          MUFG Bank, Ltd.
         PT Bank Mizuho Indonesia                          1.988                  1.936                  PT Bank Mizuho Indonesia
         PT Bank UOB Indonesia                             1.708                  1.660                    PT Bank UOB Indonesia
         PT Bank ICBC Indonesia                            1.457                  1.844                   PT Bank ICBC Indonesia
         Lain-lain (masing-masing                                                                              Others (each below
            di bawah Rp1.000)                              1.773                  1.698                                Rp1,000)
                                                           9.323                  9.428
       Pihak berelasi (Catatan 32a)                                                                        Related parties (Note 32a)
          PT Bank Rakyat Indonesia                                                                      PT Bank Rakyat Indonesia
            (Persero) Tbk                                146.610                49.192                            (Persero) Tbk
          PT Bank Mandiri (Persero) Tbk                   12.930                30.598              PT Bank Mandiri (Persero) Tbk
          PT Bank Negara Indonesia                                                                     PT Bank Negara Indonesia
            (Persero) Tbk                                  3.402                  9.038                           (Persero) Tbk
          PT Bank Tabungan Negara                                                                      PT Bank Tabungan Negara
            (Persero) Tbk                                   984                     941                           (Persero) Tbk
                                                         163.926                89.769
      Subtotal                                           173.249                99.197                                              Sub-total
      Total bank                                       2.118.507            1.376.675                                  Total cash in banks

     Call deposit dan deposito berjangka                                                               Call deposits and time deposits
     Rupiah                                                                                                                     Rupiah
       Pihak ketiga                                                                                                  Third parties
         PT Bank Maybank Indonesia Tbk                         -                25.000           PT Bank Maybank Indonesia Tbk

                                                               -                25.000

       Pihak berelasi (Catatan 32a)                                                                        Related parties (Note 32a)
         PT Bank Tabungan Negara Tbk                                                                   PT Bank Tabungan Negara
            (Persero) Tbk                                435.000               140.000                            (Persero) Tbk
         PT Bank Mandiri (Persero) Tbk                   200.000                     -              PT Bank Mandiri (Persero) Tbk
         PT Bank Pembangunan Daerah                                                                PT Bank Pembangunan Daerah
            Jawa Barat dan Banten Tbk                    100.000               100.000               Jawa Barat dan Banten Tbk
         PT Bank Syariah Indonesia Tbk                    85.000               115.000             PT Bank Syariah Indonesia Tbk
         PT Bank Rakyat Indonesia                                                                       PT Bank Rakyat Indonesia
            (Persero) Tbk                                 10.000               320.000                            (Persero) Tbk

                                                         830.000               675.000

     Total call deposit dan deposito berjangka           830.000               700.000              Total call deposits and time deposits

     Total                                             2.949.057            2.077.725                                                   Total


      Tingkat suku bunga tahunan call deposit dan                         Annual interest rates on call deposits and time
      deposito berjangka sebesar 2,90% - 6,92% dan                        deposits are 2.90% - 6.92% and 3.09% - 7.65% for
      3,09% - 7,65% masing-masing untuk tahun 2024                        2024 and 2023, respectively.
      dan 2023.




                                                                    57
                                                                                                 2024 Annual Report PT ELNUSA Tbk            543
Page 546
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                 PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                           As of December 31, 2024
           dan untuk Tahun yang Berakhir                                      and for the Year Then Ended
               pada Tanggal Tersebut                                        (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                      Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


5.    PIUTANG USAHA                                          5.     TRADE RECEIVABLES

                                             31 Desember/         31 Desember/
                                             December 31,         December 31,
                                                 2024                2023
      Pihak ketiga                                                                                                        Third parties
       Difakturkan                                 321.962               321.279                                              Billed
       Belum difakturkan                            99.619                74.552                                           Unbilled

                                                   421.581               395.831
       Penyisihan penurunan nilai                 (183.646)             (178.700)                       Allowance for impairment

       Piutang usaha pihak ketiga - neto           237.935               217.131         Trade receivables third parties - net

      Pihak berelasi (Catatan 32b)                                                                        Related parties (Note 32b)
       Difakturkan                               1.006.423              673.663                                             Billed
       Belum difakturkan                         1.928.617            2.139.359                                           Unbilled

                                                 2.935.040            2.813.022
       Penyisihan penurunan nilai                  (18.760)             (19.049)                        Allowance for impairment

       Piutang usaha pihak berelasi - neto       2.916.280            2.793.973       Trade receivables related parties - net


      Rincian piutang usaha berdasarkan mata uang                   The details of trade receivables based on currencies
      adalah sebagai berikut:                                       are as follows:

                                             31 Desember/         31 Desember/
                                             December 31,         December 31,
                                                 2024                2023
      Rupiah                                     2.577.631            2.409.870                                              Rupiah
      Dolar AS                                     778.689              798.687                                            US Dollar
      Dolar Singapura                                  301                  296                                      Singapore Dollar
      Total                                      3.356.621            3.208.853                                                Total
      Penyisihan penurunan nilai                  (202.406)            (197.749)                           Allowance for impairment
      Neto                                       3.154.215            3.011.104                                                     Net


      Tabel berikut menyajikan analisis umur piutang               The following table presents the aging analysis of trade
      usaha.                                                       receivables.

                                             31 Desember/         31 Desember/
                                             December 31,         December 31,
                                                 2024                2023

      Belum jatuh tempo                          2.806.332            2.765.157                                     Not yet overdue
      Lewat jatuh tempo                                                                                                    Overdue
       1-30 hari                                   274.026               167.212                                       1-30 days
       31-60 hari                                   31.171                44.349                                      31-60 days
       61-150 hari                                  21.294                19.355                                    61-150 days
       Lebih dari 150 hari                         223.798               212.780                                   Over 150 days
      Total                                      3.356.621            3.208.853                                                Total
      Penyisihan penurunan nilai                  (202.406)            (197.749)                           Allowance for impairment
      Neto                                       3.154.215            3.011.104                                                     Net


      Piutang individual yang diturunkan nilainya                   The individually impaired receivables are mainly due
      disebabkan     karena        faktor-faktor   yang             to factors that may affect collectability, such as
      mempengaruhi     kolektibilitas,      antara  lain            probability of insolvency or significant financial
      kemungkinan kesulitan likuiditas atau keuangan                difficulties of the debtor or significant delay in
      yang dialami oleh debitur atau penundaan                      payments.
      pembayaran yang signifikan.

                                                              58
544    PT ELNUSA Tbk Laporan Tahunan 2024
Page 547
                                                                      The original consolidated financial statements included herein are in the
                                                                                                                         Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                      PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                                As of December 31, 2024
          dan untuk Tahun yang Berakhir                                           and for the Year Then Ended
              pada Tanggal Tersebut                                             (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                           Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


5.   PIUTANG USAHA (lanjutan)                                    5.     TRADE RECEIVABLES (continued)

     Mutasi penyisihan penurunan nilai adalah sebagai                   The movements in the allowance for impairment are
     berikut:                                                           as follows:

                                                  31 Desember/        31 Desember/
                                                  December 31,        December 31,
                                                      2024               2023
     Saldo awal                                        197.749               212.622                                 Beginning balance
     Penyisihan tahun berjalan (Catatan 29)              3.850                 5.403                   Allowance for the year (Note 29)
     Pemulihan tahun berjalan (Catatan 31)              (4.714)              (19.192)                   Reversal for the year (Note 31)
     Selisih kurs                                        5.521                (1.084)                     Foreign exchange differences
     Saldo akhir                                       202.406               197.749                                     Ending balance


     Manajemen berkeyakinan bahwa penyisihan                            Management believes that the allowance for
     penurunan nilai cukup untuk menutup kemungkinan                    impairment is adequate to cover possible expected
     kerugian kredit ekspektasian yang timbul dari tidak                credit losses that may arise from the uncollectability of
     tertagihnya piutang usaha (Catatan 37c).                           trade receivables (Note 37c).

     Pada tanggal 31 Desember 2024 dan 2023, tidak                      As of December 31, 2024 and 2023, there is no trade
     terdapat piutang usaha yang digunakan sebagai                      receivables used as collateral.
     jaminan.


6.   ASET KEUANGAN LANCAR LAINNYA                                6.     OTHER CURRENT FINANCIAL ASSETS

     Aset keuangan lancar lainnya terdiri dari:                         Other current financial assets consist of:

                                                  31 Desember/        31 Desember/
                                                  December 31,        December 31,
                                                      2024               2023
     Pihak ketiga:                                                                                                         Third parties:
      Investasi jangka pendek                           69.147                     -                           Short-term investment
      Piutang lain-lain                                 21.899                17.079                               Other receivables
      Penyisihan penurunan nilai                       (14.590)              (14.055)                       Allowance for impairment
     Neto                                               76.456                  3.024                                                   Net
     Pihak berelasi (Catatan 32c):                                                                       Related parties (Note 32c):
      Piutang sewa pembiayaan - bagian lancar           38.900                36.447     Finance lease receivable - current portion
      Kas yang dibatasi penggunaannya                    4.525                     -                               Restricted cash
      Piutang lain - lain                                    -                     7                            Other receivables
     Neto                                               43.425                36.454                                                     Net
     Total                                             119.881                39.478                                                  Total


     Investasi jangka pendek merupakan penempatan                       Short-term investment is the placement of time
     deposito berjangka dengan jangka waktu lebih dari                  deposits with a term of more than three months, but
     tiga bulan, tetapi tidak lebih dari satu tahun pada                not more than one year in PT Bank Mega Tbk.
     PT Bank Mega Tbk.




                                                                  59
                                                                                               2024 Annual Report PT ELNUSA Tbk            545
Page 548
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                  PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                            As of December 31, 2024
           dan untuk Tahun yang Berakhir                                       and for the Year Then Ended
               pada Tanggal Tersebut                                         (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                       Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


6.    ASET KEUANGAN LANCAR LAINNYA (lanjutan)                 6.     OTHER       CURRENT                  FINANCIAL             ASSETS
                                                                     (continued)

      Mutasi   penyisihan penurunan nilai untuk                      The movements in the allowance for impairment in
      31 Desember 2024 dan 2023 adalah sebagai                       December 31, 2024 and 2023 are as follows:
      berikut:

                                              31 Desember/         31 Desember/
                                              December 31,         December 31,
                                                  2024                2023

      Saldo awal                                     14.055                14.158                                Beginning balance
      Selisih kurs                                      535                  (103)                      Foreign exchange difference
      Saldo akhir                                    14.590                14.055                                    Ending balances


      Manajemen berkeyakinan bahwa penyisihan                        Management believes that the allowance for
      penurunan nilai cukup untuk menutup kemungkinan                impairment is adequate to cover possible expected
      kerugian kredit ekspektasian yang timbul dari tidak            credit losses that may arise from the unrecoverability
      terpulihkannya aset keuangan lancar lainnya.                   of other current financial assets.

      Penghasilan bunga dari sewa pembiayaan untuk                   Interest income from finance leases for the year then
      tahun yang berakhir pada tanggal 31 Desember                   ended December 31, 2024 and 2023 amounted to
      2024 dan 2023 masing-masing sebesar Rp20.811                   Rp20,811 and Rp25,998, respectively.
      dan Rp25.998.


7.    PERSEDIAAN                                              7.     INVENTORIES

      Persediaan terdiri dari:                                       Inventories consist of:

                                              31 Desember/         31 Desember/
                                              December 31,         December 31,
                                                  2024                 2023
      Bahan baku                                   277.321                174.666                                       Raw materials
      Barang kebutuhan proyek                      171.423                173.335                                     Project materials
      Barang dagangan                               73.481                111.576                                       Merchandises
      Total                                        522.225                459.577                                             Total
      Penyisihan persediaan usang                   (6.958)                (6.886)            Allowance for inventory obsolescence
      Neto                                         515.267                452.691                                                    Net


      Mutasi penyisihan persediaan usang adalah sebagai              The movements in the allowance for inventory
      berikut:                                                       obsolescence are as follows:
                                              31 Desember/         31 Desember/
                                              December 31,         December 31,
                                                  2024                2023

      Saldo awal                                      6.886                  7.709                                 Beginning balance
      Provisi tahun berjalan                             72                      -                           Provision during the year
      Pemulihan tahun berjalan                            -                   (823)                          Reversal during the year
      Saldo akhir                                     6.958                  6.886                                    Ending balance


      Manajemen berkeyakinan bahwa penyisihan                        Management believes that the allowance for inventory
      persediaan       usang    cukup  untuk  menutup                obsolescence is adequate to cover possible losses
      kemungkinan kerugian yang timbul dari penurunan                that may arise from a decline in the net realizable
      nilai realisasi neto persediaan.                               value of inventories.


                                                               60
546    PT ELNUSA Tbk Laporan Tahunan 2024
Page 549
                                                                The original consolidated financial statements included herein are in the
                                                                                                                   Indonesian language.

     PT ELNUSA TBK DAN ENTITAS ANAKNYA                                PT ELNUSA TBK AND ITS SUBSIDIARIES
      CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                 KONSOLIDASIAN                                               FINANCIAL STATEMENTS
            Tanggal 31 Desember 2024                                          As of December 31, 2024
          dan untuk Tahun yang Berakhir                                     and for the Year Then Ended
              pada Tanggal Tersebut                                       (Expressed in Millions of Rupiah,
         (Disajikan dalam Jutaan Rupiah,                                     Unless Otherwise Stated)
             Kecuali Dinyatakan Lain)


7.   PERSEDIAAN (lanjutan)                                 7.     INVENTORIES (continued)

     Biaya persediaan yang diakui sebagai beban dan               The cost of inventories recognized as an expense and
     termasuk dalam “beban pokok pendapatan”                      included in “cost of revenues” for the years ended
     untuk tahun yang berakhir pada tanggal                       December 31, 2024 and 2023 amounted to
     31 Desember 2024 dan 2023 masing-masing                      Rp2,009,068      and     Rp2,486,595,     respectively
     sebesar     Rp2.009.068    dan     Rp2.486.595               (Note 28).
     (Catatan 28).

     Pada tanggal 31 Desember 2024 dan 2023,                      As of December 31, 2024 and 2023, project materials
     persediaan barang kebutuhan proyek dan barang                and merchandise inventories are insured against all
     dagangan telah diasuransikan terhadap semua                  risks at a total insurance coverage amounting
     risiko dengan total nilai pertanggungan masing-              to Rp215,741 and Rp139,938, respectively.
     masing sebesar Rp215.741 dan Rp139.938.                      Management believes that the insurance coverage is
     Manajemen berkeyakinan bahwa asuransi tersebut               adequate to cover possible losses arising from the
     telah memadai untuk menutup kerugian yang                    insured inventories.
     mungkin     timbul   atas     persediaan  yang
     dipertanggungkan.

     Pada tanggal 31 Desember 2024 dan 2023,                      As of December 31, 2024 and 2023, raw materials are
     persediaan bahan baku tidak diasuransikan karena             not covered by insurance, as management has
     manajemen menilai risiko kerugian adalah minimal.            assessed the risk of loss as minimal.

     Pada tanggal 31 Desember 2024 dan 2023, tidak                As of December 31, 2024 and 2023, there is no
     terdapat persediaan yang digunakan sebagai                   inventory used as collateral.
     jaminan.


8.   UANG MUKA                                             8.     ADVANCES

     Uang muka terdiri dari:                                      Advances consist of:
                                           31 Desember/         31 Desember/
                                           December 31,         December 31,
                                               2024                2023
     Lancar                                                                                                               Current
      Uang muka operasi                           97.002                30.643                            Advances for operation
      Lain-lain                                   25.815                13.116                                           Others
     Total                                       122.817                43.759                                                   Total

     Tidak lancar                                                                                                   Non-current
      Uang muka pembelian aset tetap              11.716                37.074           Advances for purchase of fixed assets


     Uang muka operasi merupakan uang muka                        Advances for operation mainly represent advances for
     terutama untuk sewa peralatan, pembelian suku                rental of equipment, purchases of spare parts, fuel and
     cadang, bahan bakar dan biaya operasi lainnya.               other operating costs.




                                                            61
                                                                                         2024 Annual Report PT ELNUSA Tbk            547
Page 550
                                                                        The original consolidated financial statements included herein are in the
                                                                                                                           Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                       PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                 As of December 31, 2024
           dan untuk Tahun yang Berakhir                                            and for the Year Then Ended
               pada Tanggal Tersebut                                              (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                            Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


9.    BIAYA DIBAYAR DI MUKA DAN ASET LANCAR                        9.     PREPAID EXPENSES AND OTHER CURRENT
      LAINNYA                                                             ASSETS

      Biaya dibayar di muka dan aset lancar lainnya terdiri               Prepaid expenses and other current assets consist of:
      dari:

                                                  31 Desember/          31 Desember/
                                                  December 31,          December 31,
                                                      2024                 2023
      Biaya dibayar dimuka:                                                                                             Prepaid expenses:
       Asuransi                                           19.391                 9.946                                       Insurance
       Sewa                                                7.285                 8.474                                            Rent
       Lain-lain                                           7.518                23.554                                          Others
      Aset lancar lainnya                                 16.313                32.682                                 Other current assets
      Total                                               50.507                74.656                                                   Total


      Aset lancar lainnya merupakan biaya yang                            Other current assets represent costs for the
      dikeluarkan atas pembangunan dan pemeliharaan                       construction and maintenance of VHS facilities as
      aset fasilitas VHS sesuai perjanjian yang akan                      stipulated in the agreement which will be billed to
      ditagihkan kepada PT Pertamina Patra Niaga                          PT Pertamina Patra Niaga (Note 33b).
      (Catatan 33b).


10. ASET KEUANGAN TIDAK LANCAR LAINNYA                             10. OTHER NON-CURRENT FINANCIAL ASSETS

      Aset keuangan tidak lancar lainnya terdiri dari:                    Other non-current financial assets consist of:
                                                  31 Desember/          31 Desember/
                                                  December 31,          December 31,
                                                      2024                 2023
      Pihak ketiga:                                                                                                           Third parties:
        Klaim atas deposito ke PT Bank Mega Tbk                                                Claim of deposits to PT Bank Mega Tbk
          (Catatan 33a)                                        -               111.000                                  (Note 33a)
      Pihak berelasi (Catatan 32d):                                                                             Related parties (Note 32d):
       Piutang sewa pembiayaan -                                                                           Finance lease receivables -
          bagian tidak lancar                            229.602               268.502                          non-current portion
      Total                                              229.602               379.502                                                     Total


      Manajemen berkeyakinan bahwa tidak diperlukan                       Management believes that the allowance for
      penyisihan penurunan nilai atas klaim dengan                        impairment is not required for the claim considering the
      mempertimbangkan estimasi waktu pembayaran                          estimated time of the claim payment.
      klaim.




                                                                    62
548    PT ELNUSA Tbk Laporan Tahunan 2024
Page 551
                                                                       The original consolidated financial statements included herein are in the
                                                                                                                          Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                             PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                       As of December 31, 2024
        dan untuk Tahun yang Berakhir                                                  and for the Year Then Ended
            pada Tanggal Tersebut                                                    (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                                  Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


11. INVESTASI PADA SAHAM                                              11. INVESTMENTS IN SHARES

   a.    Investasi diukur pada NWPKL                                        a.     Investments measured at FVOCI

         Rincian investasi diukur pada NWPKL adalah                               The details of investments measured at FVOCI
         sebagai berikut:                                                         are as follows:
                                       Persentase kepemilikan/                   Jumlah tercatat/
                                       Percentage of ownership                   Carrying amount
                                      31 Desember/     31 Desember/    31 Desember/         31 Desember/
                                      December 31,     December 31,    December 31,         December 31,
                                          2024             2023            2024                 2023

         PT Margaraya Jawa Tol             16,7%            16,7%                36.827          36.827          PT Margaraya Jawa Tol
         PT Bhakti Patra Nusantara         10,0%            10,0%                   960             960        PT Bhakti Patra Nusantara
         Total                                                                37.787             37.787                             Total
         Penyisihan penurunan nilai                                          (37.787)           (37.787)        Allowance for impairment
         Neto                                                                         -                -                                 Net


         Investasi diukur pada NWPKL diturunkan                                   Investments measured at FVOCI are impaired
         nilainya terutama terkait dengan ketidakpastian                          mainly due to uncertainty of return on investment.
         atas pengembalian investasi.

   b.    Investasi pada ventura bersama                                     b.    Investment in joint venture

         KSO PT Elnusa Tbk dan PT Waskita Adhi                                    KSO PT Elnusa Tbk dan PT Waskita Adhi
         Sejahtera (“KSO Elnusa-WAS”)                                             Sejahtera (“KSO Elnusa-WAS”)

         Pada tanggal 12 Desember 2016, Perusahaan                                On December 12, 2016, the Company and WAS
         dan     WAS       menandatangani     Perjanjian                          entered into Joint Operation (“JO”) agreement.
         Kerjasama Operasi (“KSO”). KSO ini dibentuk                              The JO is established in order to perform electrical
         untuk melakukan proyek jasa pemeliharaan                                 and instrumentation maintenance services project
         elektrikal dan instrumentasi dari BP Berau Ltd.                          from BP Berau Ltd. The composition of
         Komposisi kepemilikan pada KSO adalah 51%                                ownerships in JO are 51% owned by the
         oleh Perusahaan dan 49% oleh WAS                                         Company and 49% owned by WAS (Note 33b). As
         (Catatan 33b). Pada tanggal 31 Desember 2024                             of December 31, 2024 and 2023, the carrying
         dan 2023, jumlah tercatat investasi pada KSO                             amount of investment in KSO Elnusa-WAS is
         Elnusa-WAS masing-masing sebesar Rp38.578                                Rp38,578 and Rp38,375, respectively.
         dan Rp38.375.

         Untuk tahun yang berakhir pada tanggal                                    For the year ended December 31, 2024 and 2023,
         31 Desember 2024 dan 2023, Perusahaan                                     the Company recorded equity income amounted
         mencatat bagian laba sebesar Rp15.502 dan                                 to Rp15,502 and Rp7,596 and are presented as
         Rp7.596 dan disajikan sebagai bagian dari akun                            part of other income account in the consolidated
         pendapatan lain-lain dalam laporan laba rugi                              statement of profit or loss and other
         dan     penghasilan     komprehensif       lain                           comprehensive income.
         konsolidasian.

         Ringkasan informasi keuangan KSO Elnusa-                                  The summary of KSO Elnusa-WAS financial
         WAS adalah sebagai berikut:                                               information is as follows:

                                                     31 Desember/      31 Desember/
                                                     December 31,      December 31,
                                                         2024             2023

        Total aset                                          84.382                 90.881                                      Total assets
        Total liabilitas                                     9.712                 16.608                                    Total liabilities
        Total ekuitas                                       74.670                 74.273                                      Total equity




                                                                       63
                                                                                                    2024 Annual Report PT ELNUSA Tbk        549
Page 552
                                                                               The original consolidated financial statements included herein are in the
                                                                                                                                  Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                     PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                            NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                                    FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                               As of December 31, 2024
           dan untuk Tahun yang Berakhir                                                          and for the Year Then Ended
               pada Tanggal Tersebut                                                            (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                                          Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


11. INVESTASI PADA SAHAM (lanjutan)                                          11. INVESTMENTS IN SHARES (continued)

      b.    Investasi pada ventura bersama (lanjutan)                              b.        Investment in joint venture (continued)

            KSO PT Elnusa Tbk dan PT Waskita Adhi                                           KSO PT Elnusa Tbk dan PT Waskita Adhi
            Sejahtera (“KSO Elnusa-WAS”) (lanjutan)                                         Sejahtera (“KSO Elnusa-WAS”) (continued)

            Ringkasan informasi keuangan KSO Elnusa-                                         The summary of KSO Elnusa-WAS financial
            WAS adalah sebagai berikut: (lanjutan)                                           information is as follows: (continued)

                                                               Tahun yang Berakhir
                                                            pada Tanggal 31 Desember/
                                                                   Year Ended
                                                                  December 31,

                                                              2024                  2023
           Pendapatan                                               82.722                   76.321                                               Revenue
           Laba tahun berjalan                                      30.396                   14.895                                     Profit for the year


12. ASET TETAP                                                               12. FIXED ASSETS

      Mutasi aset tetap adalah sebagai berikut:                                    The movements in fixed assets are as follows:
                                                 Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                           Year Ended December 31, 2024
                                 Saldo awal/                                                                      Saldo akhir/
                                 Beginning         Penambahan/       Pengurangan/             Reklasifikasi/        Ending
                                  balance            Additions        Deductions             Reclassifications      balance
  Biaya perolehan                                                                                                                                         Cost
  Tanah                               273.463             43.277                        -                    -          316.740                           Land
  Bangunan, prasarana                                                                                                               Buildings, improvements
     dan instalasi                     588.977             3.155               (5.635)                  2.413           588.910           and installations
  Mesin dan peralatan                2.228.745            33.405               (4.717)                 30.591         2.288.024    Machinery and equipment
  Perabotan dan perlengkapan                                                                                                         Office furniture, fixtures
     kantor                             77.508             3.753                 (191)                       -           81.070            and equipment
  Alat transportasi                    584.271             1.817                    -                  165.731          751.819    Transportation equipment
  Konstruksi baja                    2.277.455            19.254               (4.047)                  12.591        2.305.253           Steel constructions
  Aset dalam penyelesaian              185.470           310.254                    -                 (211.326)         284.398     Construction in progress
  Total                              6.215.889           414.915              (14.590)                       -        6.616.214                          Total
  Akumulasi penyusutan                                                                                                           Accumulated depreciation
  Bangunan, prasarana                                                                                                               Buildings, improvements
     dan instalasi                    (419.800)           (25.563)             4.667                         -         (440.696)          and installations
  Mesin dan peralatan               (1.859.800)          (125.398)             4.697                         -       (1.980.501) Machinery and equipment
  Perabotan dan perlengkapan                                                                                                         Office furniture, fixtures
     kantor                            (77.351)            (4.873)               191                         -          (82.033)           and equipment
  Alat transportasi                   (330.165)           (65.804)                 -                         -         (395.969) Transportation equipment
  Konstruksi baja                   (1.624.107)          (147.240)             3.956                         -
                                                                                                             -       (1.767.391)          Steel constructions
  Total                             (4.311.223)          (368.878)            13.511                         -       (4.666.590)                         Total
  Penyisihan penurunan nilai           (15.477)                 -                       -                    -          (15.477)    Allowance for impairment
  Nilai buku neto                    1.889.189                                                                        1.934.147               Net book value




                                                                              64
550    PT ELNUSA Tbk Laporan Tahunan 2024
Page 553
                                                                           The original consolidated financial statements included herein are in the
                                                                                                                              Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                  PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                         NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                                 FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                            As of December 31, 2024
        dan untuk Tahun yang Berakhir                                                       and for the Year Then Ended
            pada Tanggal Tersebut                                                         (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                                       Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


12. ASET TETAP (lanjutan)                                               12. FIXED ASSETS (continued)

   Mutasi aset tetap adalah sebagai berikut: (lanjutan)                        The movements in fixed assets are as follows:
                                                                               (continued)
                                               Tahun yang Berakhir pada Tanggal 31 Desember 2023/
                                                         Year Ended December 31, 2023
                               Saldo awal/                                                                   Saldo akhir/
                               Beginning         Penambahan/       Pengurangan/         Reklasifikasi/         Ending
                                balance            Additions        Deductions         Reclassifications       balance
  Biaya perolehan                                                                                                                                    Cost
  Tanah                             268.212               5.462             (211)                      -           273.463                           Land
  Bangunan, prasarana                                                                                                          Buildings, improvements
     dan instalasi                   551.939             1.727                (8)                35.319            588.977           and installations
  Mesin dan peralatan              2.146.171            40.617           (58.507)               100.464          2.228.745    Machinery and equipment
  Perabotan dan perlengkapan                                                                                                    Office furniture, fixtures
     kantor                           77.696             3.210            (4.360)                    962            77.508            and equipment
  Alat transportasi                  526.181             2.635            (3.502)                 58.957           584.271    Transportation equipment
  Konstruksi baja                  2.021.787           101.519                  -               154.149          2.277.455           Steel constructions
  Aset dalam penyelesaian            161.311           374.010                  -               (349.851)          185.470     Construction in progress
  Total                            5.753.297           529.180           (66.588)                      -         6.215.889                          Total
  Akumulasi penyusutan                                                                                                      Accumulated depreciation
  Bangunan, prasarana                                                                                                          Buildings, improvements
     dan instalasi                 (394.933)           (24.875)                8                       -          (419.800)          and installations
  Mesin dan peralatan            (1.795.354)          (122.516)           58.070                       -        (1.859.800) Machinery and equipment
  Perabotan dan perlengkapan                                                                                                    Office furniture, fixtures
     kantor                         (76.003)            (5.708)            4.360                       -           (77.351)           and equipment
  Alat transportasi                (272.310)           (61.189)            3.334                       -          (330.165) Transportation equipment
  Konstruksi baja                (1.489.319)          (134.788)                -                       -        (1.624.107)          Steel constructions
  Total                          (4.027.919)          (349.076)           65.772                       -        (4.311.223)                         Total
  Penyisihan penurunan nilai        (10.608)            (4.869)                   -                    -           (15.477)    Allowance for impairment
  Nilai buku neto                  1.714.770                                                                     1.889.189               Net book value



   Seluruh aset tetap dimiliki secara langsung oleh                            All fixed assets are directly owned by the Group.
   Grup.

   Hak kepemilikan atas tanah Grup merupakan Hak                               Land rights of the land owned by the Group are in the
   Guna Bangunan yang hak secara legalnya akan                                 form of Building Rights Title (“Hak Guna Bangunan”)
   berakhir antara tahun 2026 sampai dengan tahun                              which the terms will expire between 2026 up to 2045.
   2045. Manajemen berkeyakinan bahwa hak tersebut                             Management believes that these land rights can be
   akan dapat diperpanjang pada saat berakhirnya.                              extended upon their expiration.

   Manajemen berkeyakinan bahwa penyisihan                                     Management believes that the allowance for
   penurunan nilai pada tanggal 31 Desember 2024                               impairment as of December 31, 2024 and 2023 is
   dan 2023 adalah cukup.                                                      adequate.

   Penyusutan aset tetap dibebankan sebagai berikut:                           Fixed assets depreciation is charged as follows:
                                                             Tahun yang Berakhir
                                                          pada Tanggal 31 Desember/
                                                                 Year Ended
                                                                December 31,

                                                            2024                  2023

   Beban pokok pendapatan                                     367.263                 346.714                                 Cost of revenues
   Beban umum dan administrasi                                  1.615                   2.362               General and administrative expenses
   Total                                                      368.878                 349.076                                                     Total




                                                                          65
                                                                                                       2024 Annual Report PT ELNUSA Tbk                 551
Page 554
                                                                             The original consolidated financial statements included herein are in the
                                                                                                                                Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                              PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                        As of December 31, 2024
           dan untuk Tahun yang Berakhir                                                   and for the Year Then Ended
               pada Tanggal Tersebut                                                     (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                                   Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


12. ASET TETAP (lanjutan)                                                 12. FIXED ASSETS (continued)

      Rincian aset dalam penyelesaian adalah sebagai                              The details of construction in progress are as follows:
      berikut:
                                                         31 Desember/December 31, 2024
                                          Persentase          Akumulasi
                                         penyelesaian/          biaya/
                                         Percentage of       Accumulated             Estimasi penyelesaian/
                                          completion            costs                Estimated completion
      Truk tangki                            53%                     99.796        Desember/December 2025                 Fuel transportation vehicles
      Well Testing Services                  94%                     66.717        Maret/March 2025                             Well Testing Services
      Depot bahan bakar minyak               40%                     46.920        Desember/December 2025                                  Fuel depot
      Docking Kapal                          94%                     34.071        April/April 2025                                   Vessel Docking
      Hydraulic workover unit                94%                     20.192        Maret/March 2025                          Hydraulic workover unit
      Gudang                                 90%                      7.764        Juni/June 2025                                         Warehouse
      Lain-lain (masing-masing dibawah
        Rp5.000)                             95%                          8.938    Oktober/October 2025                 Others (each below Rp5,000)
                                                                    284.398



                                                         31 Desember/December 31, 2023
                                          Persentase          Akumulasi
                                         penyelesaian/          biaya/
                                         Percentage of       Accumulated             Estimasi penyelesaian/
                                          completion            costs                Estimated completion
      Truk tangki                            70%                    122.340        Juli/July 2024                         Fuel transportation vehicles
      Depot bahan bakar minyak               16%                     29.998        Januari/January 2026                                    Fuel depot
      Well Testing Services                  98%                     16.045        Januari/January 2024                         Well Testing Services
      Slickline                              51%                      7.232        Juni/June 2024                                             Slickline
      Hydraulic workover unit                57%                      6.825        April/April 2024                           Hydraulic workover unit
      Lain-lain (masing-masing dibawah
        Rp5.000)                             64%                          3.030    Desember/December 2024               Others (each below Rp5,000)
                                                                    185.470



      Pada tanggal 31 Desember 2024 dan 2023, terdapat                            As of December 31, 2024 and 2023, there are fixed
      aset tetap yang tidak dipakai sementara dengan nilai                        assets temporarily not in use with net book value
      buku aset masing-masing sebesar Rp50.531 dan                                amounting Rp50,531 and Rp44,555, respectively.
      Rp44.555.

      Pada tanggal 31 Desember 2024 dan 2023, jumlah                              As of December 31, 2024 and 2023, the gross carrying
      tercatat bruto aset tetap yang telah disusutkan                             amounts of fixed assets which have been fully
      penuh dan masih digunakan masing-masing                                     depreciated and are still in use amounted to
      sebesar Rp1.873.399 dan Rp1.687.484.                                        Rp1,873,399 and Rp1,687,484, respectively.

      Pada tanggal 31 Desember 2024 dan 2023, tidak                               As of December 31, 2024 and 2023, there are no fixed
      terdapat aset tetap yang diklasifikasikan sebagai                           assets classified as held for sale or terminated from
      tersedia untuk dijual atau yang dihentikan dari                             active use.
      penggunaan aktif.

      Rincian rugi penjualan/pelepasan aset tetap adalah                          Details of loss on sale/disposal of fixed assets are as
      sebagai berikut:                                                            follows:
                                                            Tahun yang Berakhir
                                                         pada Tanggal 31 Desember/
                                                                Year Ended
                                                               December 31,

                                                           2024                     2023

      Harga jual                                                  703                       846                                         Proceeds
      Dikurangi: Nilai buku neto                               (1.079)                     (816)                             Less: Net book value
                                                                      -


      Laba (rugi) - neto                                          (376)                     30                                    Gain (loss) - net




                                                                            66
552    PT ELNUSA Tbk Laporan Tahunan 2024
Page 555
                                                                            The original consolidated financial statements included herein are in the
                                                                                                                               Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                                  FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                             As of December 31, 2024
        dan untuk Tahun yang Berakhir                                                        and for the Year Then Ended
            pada Tanggal Tersebut                                                          (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                                        Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


12. ASET TETAP (lanjutan)                                                12. FIXED ASSETS (continued)

   Pada tanggal 31 Desember 2024 dan 2023, aset                                 As of December 31, 2024 and 2023, fixed assets with
   tetap dengan nilai buku masing-masing sebesar                                net book value of Rp1,167,509, and Rp1,127,003,
   Rp1.167.509 dan Rp1.127.003 telah diasuransikan                              respectively, are covered by insurance against all risks
   atas semua risiko dengan total nilai pertanggungan                           at a total coverage amounting Rp3,127,767 (2024) and
   masing-masing sebesar Rp3.127.767 (2024) dan                                 Rp3,151,628 (2023). respectively. Management
   Rp3.151.628 (2023). Manajemen berkeyakinan                                   believes that the insurance coverage is adequate to
   bahwa jumlah tersebut telah memadai untuk                                    cover possible losses arising in relation to the insured
   menutup kerugian yang mungkin timbul terkait                                 assets.
   dengan aset yang diasuransikan.
   Nilai wajar aset tetap dengan nilai buku                                     The fair value of fixed assets with net book value of
   sebesar Rp903.727 pada tanggal 31 Desember                                   Rp903,727 as of December 31, 2024 based on
   2024 berdasarkan laporan dari penilai independen                             independent appraisal reports amounted to
   adalah sebesar Rp1.555.054. Jumlah nilai buku aset                           Rp1,555,054. The net book value of fixed assets that
   tetap yang tidak dilakukan penilaian pada tanggal                            were not appraised by independent appraiser as of
   31 Desember       2024   sebesar      Rp1.030.420.                           December 31, 2024 amounted to Rp1,030,420.
   Manajemen berkeyakinan bahwa tidak ada                                       Management believes that there is no significant
   perbedaan signifikan antara nilai wajar dan jumlah                           difference between the fair value and carrying amount
   tercatat aset tetap yang tidak dilakukan penilaian                           of these fixed assets.
   tersebut.

   Pada tanggal 31 Desember 2024 dan 2023, tidak                                As of December 31, 2024 and 2023, there is no fixed
   terdapat aset tetap yang digunakan sebagai                                   assets used as collateral.
   jaminan.


13. ASET TAKBERWUJUD                                                     13. INTANGIBLE ASSETS
   Mutasi aset takberwujud adalah sebagai berikut:                              The movements in intangible assets are as follows:

                                                Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                          Year Ended December 31, 2024
                                Saldo awal/                                                                 Saldo akhir/
                                Beginning         Penambahan/       Pengurangan/         Reklasifikasi/       Ending
                                 balance            Additions        Deductions         Reclassifications     balance
  Biaya perolehan                                                                                                                                  Cost
  Hak atas tanah                       9.071                  -                    -                    -           9.071                   Land rights
  Perangkat lunak dan lisensi        146.080             20.089                    -                    -         166.169         Software and licenses
  Total                              155.151             20.089                    -                    -         175.240                         Total

  Akumulasi amortisasi                                                                                                       Accumulated amortization
  Hak atas tanah                       (4.677)              (406)                  -                    -          (5.083)                 Land rights
  Perangkat lunak dan lisensi        (143.837)            (5.961)                  -                    -        (149.798)       Software and licenses
  Total                              (148.514)            (6.367)                  -                    -        (154.881)                        Total
  Nilai buku neto                       6.637                                                                      20.359              Net book value


                                                Tahun yang Berakhir pada Tanggal 31 Desember 2023/
                                                          Year Ended December 31, 2023
                                Saldo awal/                                                                 Saldo akhir/
                                Beginning         Penambahan/       Pengurangan/         Reklasifikasi/       Ending
                                 balance            Additions        Deductions         Reclassifications     balance
  Biaya perolehan                                                                                                                                  Cost
  Hak atas tanah                       9.071                   -                   -                    -           9.071                   Land rights
  Perangkat lunak dan lisensi        143.285               2.795                   -                    -         146.080         Software and licenses
  Total                              152.356               2.795                   -                    -         155.151                         Total

  Akumulasi amortisasi                                                                                                       Accumulated amortization
  Hak atas tanah                       (4.271)              (406)                  -                    -          (4.677)                 Land rights
  Perangkat lunak dan lisensi        (139.987)            (3.850)                  -                    -        (143.837)       Software and licenses
  Total                              (144.258)            (4.256)                  -                    -        (148.514)                        Total
  Nilai buku neto                       8.098                                                                       6.637              Net book value

                                                                           67
                                                                                                        2024 Annual Report PT ELNUSA Tbk             553
Page 556
                                                                          The original consolidated financial statements included herein are in the
                                                                                                                             Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                             PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                       As of December 31, 2024
           dan untuk Tahun yang Berakhir                                                  and for the Year Then Ended
               pada Tanggal Tersebut                                                    (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                                  Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


13. ASET TAKBERWUJUD (lanjutan)                                         13. INTANGIBLE ASSETS (continued)

      Amortisasi aset takberwujud dibebankan sebagai                          Intangible assets amortization is charged as follows:
      berikut:

                                                        Tahun yang Berakhir
                                                     pada Tanggal 31 Desember/
                                                      Year Ended December 31,

                                                        2024                   2023
  Beban pokok pendapatan                                        5.860                 3.599                                Cost of revenues
  Beban umum dan administrasi                                     507                   657              General and administrative expenses
  Total                                                         6.367                 4.256                                                 Total




14. PROPERTI INVESTASI                                                  14. INVESTMENT PROPERTIES

      Mutasi properti investasi adalah sebagai berikut:                       The movements in investment properties are as
                                                                              follows:
                                            Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                      Year Ended December 31, 2024
                             Saldo awal/                                                                  Saldo akhir/
                             Beginning        Penambahan/       Pengurangan/          Reklasifikasi/        Ending
                              balance           Additions        Deductions          Reclassifications      balance
  Biaya perolehan                                                                                                                              Cost
  Tanah                            50.052                  -                    -                    -           50.052                         Land
  Bangunan, prasarana dan                                                                                                   Buildings, improvement
     instalasi                      5.729                  -                    -                    -            5.729         and installations
  Total                            55.781                  -                    -                    -           55.781                       Total
  Akumulasi penyusutan                                                                                                   Accumulated depreciation
  Bangunan, prasarana dan                                                                                                    Buildings, improvement
    instalasi                       (4.820)              (88)                   -                    -           (4.908)         and installations
  Nilai buku neto                  50.961                                                                        50.873            Net book value



                                            Tahun yang Berakhir pada Tanggal 31 Desember 2023/
                                                      Year Ended December 31, 2023
                             Saldo awal/                                                                  Saldo akhir/
                             Beginning        Penambahan/       Pengurangan/          Reklasifikasi/        Ending
                              balance           Additions        Deductions          Reclassifications      balance
  Biaya perolehan                                                                                                                              Cost
  Tanah                            50.052                  -                    -                    -           50.052                         Land
  Bangunan, prasarana dan                                                                                                   Buildings, improvement
     instalasi                      5.729                  -                    -                    -            5.729         and installations
  Total                            55.781                  -                    -                    -           55.781                       Total
  Akumulasi penyusutan                                                                                                  Accumulated depreciation
  Bangunan, prasarana dan                                                                                                   Buildings, improvement
    instalasi                       (4.732)             (88)                    -                    -          (4.820)         and installations
  Nilai buku neto                  51.049                                                                        50.961            Net book value



      Untuk tahun yang berakhir pada tanggal                                  For the year ended December 31, 2024 and 2023,
      31 Desember 2024 dan 2023, beban penyusutan                             depreciation       expenses         amounting to
      masing-masing     sebesar Rp88    seluruhnya                            Rp88, respectively, were charged to “general and
      dialokasikan ke “beban umum dan administrasi”                           administrative expenses” in profit or loss.
      dalam laba rugi.




                                                                         68
554    PT ELNUSA Tbk Laporan Tahunan 2024
Page 557
                                                                     The original consolidated financial statements included herein are in the
                                                                                                                        Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                          PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                    As of December 31, 2024
        dan untuk Tahun yang Berakhir                                               and for the Year Then Ended
            pada Tanggal Tersebut                                                 (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                               Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


14. PROPERTI INVESTASI (lanjutan)                                 14. INVESTMENT PROPERTIES (continued)

   Nilai wajar properti investasi pada 31 Desember                       The fair value of investment properties as of December
   2024 dan 2023 dihitung berdasarkan Nilai Jual                         31, 2024 and 2023 are calculated based on taxable
   Objek Pajak (“NJOP”) masing-masing sebesar                            sale value (“NJOP”) amounted to Rp573,050 and
   Rp573.050 dan Rp540.489.                                              Rp540,489, respectively.

   Penghasilan sewa dari properti investasi untuk                        Rental income from investment properties for the year
   periode tahun    yang berakhir pada tanggal                           then ended December 31, 2024 and 2023 amounted
   31 Desember 2024 dan 2023 masing-masing                               to Rp17,979. and Rp18,653, respectively.
   sebesar Rp17.979 dan Rp18.653.

   Berdasarkan penelaahan manajemen Grup, tidak                          Based on the review of the Group’s management,
   terdapat kejadian-kejadian atau perubahan-                            there were no events or changes in circumstances
   perubahan keadaan yang mengindikasikan adanya                         which indicate impairment in the value of investment
   penurunan nilai properti investasi pada tanggal                       properties as of December 31, 2024 and
   31 Desember 2024 dan 2023.                                            2023.


15. ASET HAK-GUNA DAN LIABILITAS SEWA                             15. RIGHTS-OF-USE                  ASSETS            AND          LEASE
                                                                      LIABILITIES

   Mutasi aset hak-guna adalah sebagai berikut:                          The movements in right-of-use assets are as follows:

                                         Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                                   Year Ended December 31, 2024
                         Saldo awal/                                                               Saldo akhir/
                         Beginning         Penambahan/       Pengurangan/       Reklasifikasi/       Ending
                          balance            Additions        Deductions       Reclassifications     balance
  Biaya perolehan                                                                                                                       Cost
  Tanah dan bangunan           44.325              1.682           (25.799)                5.647          25.855           Land and building
  Mesin dan peralatan           4.115                  -            (3.838)                    -             277    Machinery and equipment
  Alat transportasi           733.979             11.489            (4.124)                    -         741.344    Transportation equipment
  Total                       782.419             13.171           (33.761)                5.647         767.476                       Total
  Akumulasi penyusutan                                                                                            Accumulated depreciation
  Tanah dan bangunan          (31.630)            (11.967)          25.799                     -         (17.798)         Land and building
  Mesin dan peralatan          (3.613)             (1.696)           3.838                     -          (1.471) Machinery and equipment
  Alat transportasi          (411.181)           (226.660)           4.124                     -        (633.717) Transportation equipment
  Total                       (446.424)          (240.323)          33.761                     -        (652.986)                      Total
  Nilai buku neto             335.995                                                                    114.490             Net book value


                                         Tahun yang Berakhir pada Tanggal 31 Desember 2023/
                                                   Year Ended December 31, 2023
                         Saldo awal/                                                               Saldo akhir/
                         Beginning         Penambahan/       Pengurangan/       Reklasifikasi/       Ending
                          balance            Additions        Deductions       Reclassifications     balance
  Biaya perolehan                                                                                                                       Cost
  Tanah dan bangunan           53.086              3.495            (18.221)               5.965          44.325           Land and building
  Mesin dan peralatan             550              3.838               (273)                   -           4.115    Machinery and equipment
  Alat transportasi           731.410             19.337            (16.768)                   -         733.979    Transportation equipment
  Total                       785.046             26.670            (35.262)               5.965         782.419                       Total
  Akumulasi penyusutan                                                                                            Accumulated depreciation
  Tanah dan bangunan          (34.392)            (15.459)          18.221                     -         (31.630)         Land and building
  Mesin dan peralatan          (1.843)             (2.327)             557                     -          (3.613) Machinery and equipment
  Alat transportasi          (204.374)           (223.291)          16.484                     -        (411.181) Transportation equipment
  Total                      (240.609)           (241.077)          35.262                     -       (446.424)                       Total
  Nilai buku neto             544.437                                                                    335.995             Net book value




                                                                    69
                                                                                               2024 Annual Report PT ELNUSA Tbk           555
Page 558
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                             As of December 31, 2024
           dan untuk Tahun yang Berakhir                                        and for the Year Then Ended
               pada Tanggal Tersebut                                          (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                        Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


15. ASET HAK-GUNA              DAN    LIABILITAS     SEWA        15. RIGHTS-OF-USE       ASSETS                      AND          LEASE
    (lanjutan)                                                       LIABILITIES (continued)

      Liabilitas sewa terdiri dari:                                    Lease liabilities consist of:

                                                  31 Desember/    31 Desember/
                                                  December 31,    December 31,
                                                      2024           2023
       Bagian jatuh tempo
         dalam waktu satu tahun                        119.104            240.396                                   Current maturities
       Bagian setelah dikurangi jatuh tempo             23.973            132.983                            Net-off current maturities
       Total                                           143.077            373.379                                                  Total




      Jumlah yang diakui dalam laporan laba rugi                       Amounts recognised in the consolidated statement of
      komprehensif konsolidasian:                                      comprehensive income:
                                                     Tahun yang Berakhir
                                                  pada Tanggal 31 Desember/
                                                   Year Ended December 31,

                                                     2024               2023
       Beban terkait liabilitas sewa                                                         Expense related to short-term liabilities
         dengan nilai rendah atau jangka pendek        514.841            454.510                                low-value assets
       Beban penyusutan aset hak guna                  240.323            241.077               Depreciation on right of use assets
       Beban bunga                                                                                            Interest expenses on
         atas liabilitas sewa (Catatan 30)              15.017              26.501                      lease liabilities (Note 30)
       Total                                           770.181            722.088                                                  Total



16. PINJAMAN BANK JANGKA PENDEK                                  16. SHORT-TERM BANK LOANS

      Pinjaman bank jangka pendek terdiri dari:                        Short-term bank loans consist of:

                                                  31 Desember/    31 Desember/
                                                  December 31,    December 31,
                                                      2024            2023
  Rupiah                                                                                                                   Rupiah
    Pihak berelasi (Catatan 32e)                                                                    Related parties (Note 32e)
      PT Bank Mandiri (Persero) Tbk                     44.872              37.507             PT Bank Mandiri (Persero) Tbk
    Pihak ketiga                                                                                                  Third parties
      PT Bank UOB Indonesia                             47.544              67.434                  PT Bank UOB Indonesia
      PT Bank ICBC Indonesia                            30.827               9.617                  PT Bank ICBC Indonesia

  Dolar AS                                                                                                              US Dollar
    Pihak ketiga                                                                                                  Third parties
       PT Bank ICBC Indonesia                            6.825              56.673                    PT Bank ICBC Indonesia
  Total                                                130.068            171.231                                                  Total




                                                                  70
556    PT ELNUSA Tbk Laporan Tahunan 2024
Page 559
                                                              The original consolidated financial statements included herein are in the
                                                                                                                 Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                              As of December 31, 2024
        dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
            pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


16. PINJAMAN BANK JANGKA PENDEK (lanjutan)                   16. SHORT-TERM BANK LOANS (continued)

   a.   PT Bank Mandiri (Persero) Tbk                              a.    PT Bank Mandiri (Persero) Tbk

        Berdasarkan       perjanjian   kredit      tanggal               Based on a credit            agreement    dated
        16 November 2018, Perusahaan memperoleh                          November 16, 2018, the Company obtained
        fasilitas non cash loan yang terdiri dari Standby                a non cash loan facility consisting of Standby
        Letter of Credit (“SBLC”)/Bank Garansi (“BG”)                    Letter of Credit (“SBLC”)/Bank Guarantee (“BG”)
        dan Letter of Credit (“LC”)/Surat Kredit                         and Letter of Credit (“LC”)/Surat Kredit
        Berdokumen Dalam Negeri (“SKBDN”) dengan                         Berdokumen Dalam Negeri (“SKBDN”) with
        batas      maksimum        gabungan       sebesar                a maximum combined limit of US$20,000,000 and
        $AS20.000.000 dan batas maksimum Trust                           Trust Receipt (“TR”) with a maximum limit of
        Receipt (“TR”) sebesar $AS12.000.000.                            US$12,000,000.

        Pada tanggal 20 Mei 2021, Perusahaan                             As of May 20, 2021, the Company obtained
        memperoleh fasilitas Kredit Jangka Pendek                        a Short Term Credit facility with a combined
        dengan batas maksimum gabungan Elnusa                            maximum limit of Elnusa (Borrower) and EPN
        (Borrower) dan EPN (Co-Borrower) sebesar                         (Co-Borrower) of US$20,000,000.
        $AS20.000.000.

        Pada tanggal 11 Februari 2022, Perusahaan                        As of February 11, 2022, the Company obtained
        memperoleh tambahan fasilitas Supplier                           additional Supplier Financing (“SF”) facility with
        Financing (“SF”) dengan limit maksimal                           a maximum limit of US$15,000,000.
        $AS15.000.000.

        Pada tanggal 20 Desember 2022, fasilitas                         As of December 20, 2022, the facilities have
        tersebut  dilakukan perpanjangan     dan                         been extended and amended with ETSA as
        penambahan ETSA sebagai Co-Borrower.                             Co-Borrower.

        Pada tanggal 15 November 2024, fasilitas-                        As of November 15, 2024, the facilities have
        fasilitas tersebut dilakukan perpanjangan                        been extended until November 15, 2025.
        sampai dengan 15 November 2025.

        Fasilitas-fasilitas, kecuali SF, dikenakan bunga                 The facilities, excluding SF, bear interest at the
        yang suku bunganya akan ditetapkan secara                        rate which will be determined through negotiation
        negosiasi pada saat realisasi.                                   on withdrawal.

        Fasilitas-fasilitas ini mengharuskan Perusahaan                  These facilities require the Company to comply to
        untuk memenuhi beberapa persyaratan,                             certain requirement, among others, financial
        diantaranya persyaratan rasio keuangan                           ratios as stipulated in the credit agreement:
        sebagaimana ditetapkan dalam perjanjian
        kredit:
         -     Minimal Current Ratio sebesar 1 kali.                      -    Minimal Current Ratio of 1 times.
         -     Maksimal Debt to Equity Ratio sebesar                      -    Maximal Debt to Equity Ratio of 3 times.
               3 kali.
         -     Minimal Debt Service Coverage Ratio                        -   Minimal Debt Service Coverage Ratio of 1.1
               sebesar 1,1 kali                                               times.

        Fasilitas ini diberikan tanpa jaminan (clean-                    These facilities are provided on a clean-basis.
        basis).

        Pada tanggal 31 Desember 2024 dan                                As of December 31, 2024 and 2023, the
        2023, saldo terutang fasilitas pinjaman ini                      outstanding balances of these loan facilities
        masing-masing sebesar       Rp44.872 dan                         amounted to      Rp44,872   and   Rp37,507
        Rp37.507.                                                        respectively.

        Pada tanggal 31 Desember 2024, Grup telah                        As of December 31, 2024, the Group has
        memenuhi seluruh persyaratan yang diatur                         complied with all requirements that stipulated in
        dalam perjanjian pinjaman.                                       the loan agreements.

                                                              71
                                                                                       2024 Annual Report PT ELNUSA Tbk            557
Page 560
                                                              The original consolidated financial statements included herein are in the
                                                                                                                 Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                 PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                           As of December 31, 2024
           dan untuk Tahun yang Berakhir                                      and for the Year Then Ended
               pada Tanggal Tersebut                                        (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                      Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


16. PINJAMAN BANK JANGKA PENDEK (lanjutan)                   16. SHORT-TERM BANK LOANS (continued)

      b.   PT Bank UOB Indonesia                                   b.    PT Bank UOB Indonesia

           Berdasarkan     perjanjian   kredit   tanggal                 Based on a credit            agreement     dated
           3 Desember 2015 yang terakhir kali diubah                     December 3, 2015 which was amended on
           tanggal 10 Januari 2024, Perusahaan                           January 10, 2024, the Company obtained Multi
           memperoleh fasilitas Multi Option Trade untuk                 Option Trade facilities for working capital
           keperluan modal kerja yang terdiri dari                       purposes consisting of LC/SKBDN, BEP-Buyer,
           LC/SKBDN, BEP-Buyer, Invoice Financing                        Invoice Financing (“IF”), Bank Guarantee (“BG”),
           (“IF”), Bank Guarantee (“BG”), RCF, SBLC,                     RCF, SBLC, Trust Receipt (“TR”), and Clean
           Trust Receipt (“TR”), dan Clean Trust Receipt                 Trust Receipt (“CTR”) with a maximum combined
           (“CTR”) dengan batas maksimum gabungan                        limit of US$20,000,000.
           sebesar $AS20.000.000.

           Fasilitas TR, CTR dan IF dikenakan bunga                      The TR, CTR and IF facilities bear interest at the
           sebesar SOFR (Secured Overnight Financing                     rate of SOFR (Secured Overnight Financing Rate)
           Rate) ditambah marjin tertentu per tahun untuk                plus certain margin per annum for withdrawal in
           penarikan dalam Dolar AS dan JIBOR ditambah                   US Dollar and JIBOR plus certain margin per
           marjin tertentu per tahun untuk penarikan dalam               annum for withdrawal in Rupiah. These facilities
           Rupiah. Fasilitas-fasilitas tersebut berjangka                are available until February 1, 2025.
           waktu sampai dengan tanggal 1 Februari 2025.

           Fasilitas-fasilitas ini mengharuskan Perusahaan               These facilities require the Company to comply to
           untuk memenuhi beberapa persyaratan,                          certain requirement, among others, financial
           diantaranya persyaratan rasio keuangan                        ratios as stipulated in the credit agreement:
           sebagaimana ditetapkan dalam perjanjian
           kredit:
            -     Minimal Debt Service Coverage Ratio                     -   Minimal Debt Service Coverage Ratio
                  (DSCR) sebesar 1,25 kali.                                   (DSCR) of 1.25 times.
            -     Maksimal Gross Debt to EBITDA Ratio                     -   Maximal Gross Debt to EBITDA Ratio of 4
                  sebesar 4 kali.                                             times.

           Fasilitas-fasilitas ini diberikan tanpa jaminan
           (clean-basis).                                                These facilities are provided on a clean-basis.

           Pada tanggal 31 Desember 2024 dan                             As of December 31, 2024 and 2023, the
           2023, saldo terutang fasilitas pinjaman ini                   outstanding balances of these loan facilities
           masing-masing   sebesar     Rp47.544   dan                    amounted to Rp47,544 and Rp67,434,
           Rp67.434.                                                     respectively.

           Pada tanggal 31 Desember 2024, Grup telah                     As of December 31, 2024, the Group has
           memenuhi seluruh persyaratan yang diatur                      complied with all requirements that stipulated in
           dalam perjanjian pinjaman.                                    the loan agreements.

      c.   PT Bank ICBC Indonesia (“ICBC”)                         c.    PT Bank ICBC Indonesia (“ICBC”)

           Berdasarkan     perjanjian  kredit  tanggal                   Based on a credit           agreement    dated
           21 Oktober 2015, Perusahaan memperoleh                        October 21, 2015, the Company obtained
           fasilitas  Omnibus      Uncommitted   untuk                   Uncommitted Ombinus facilities to finance the
           membiayai keperluan Perusahaan yang terdiri                   Company’s expenditure consisting of on-demand
           dari pinjaman tetap on-demand (“PTD”), LC,                    fixed loan (“PTD”), LC, SKBDN, TR and BG.
           SKBDN, TR dan BG.

           Pada tanggal 21 September 2016, fasilitas                     As of September 21, 2016, the facilities have been
           tersebut  dilakukan  perpanjangan    dan                      extended and amended with ETSA as Co-
           penambahan ETSA sebagai Co-Borrower                           Borrower    with     maximum         amount     of
           dengan    maksimal   penarikan   sebesar                      US$5,000,000.
           $AS5.000.000.

                                                              72
558    PT ELNUSA Tbk Laporan Tahunan 2024
Page 561
                                                          The original consolidated financial statements included herein are in the
                                                                                                             Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                               FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                          As of December 31, 2024
        dan untuk Tahun yang Berakhir                                     and for the Year Then Ended
            pada Tanggal Tersebut                                       (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                     Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


16. PINJAMAN BANK JANGKA PENDEK (lanjutan)               16. SHORT-TERM BANK LOANS (continued)

   c.   PT Bank ICBC Indonesia (“ICBC”) (lanjutan)             c.    PT Bank ICBC Indonesia (“ICBC”) (continued)

        Pada tanggal 10 Desember 2020, fasilitas                     As of December 10, 2020, the facilities have been
        tersebut  dilakukan perpanjangan    dan                      extended and amended with EFK as Co-Borrower
        penambahan EFK sebagai Co-Borrower                           with maximum amount of US$5,000,000.
        dengan    maksimal  penarikan   sebesar
        $AS5.000.000.

        Pada tanggal 30 November 2022, fasilitas                     As of November 30, 2022, the facilities have been
        tersebut  dilakukan perpanjangan    dan                      extended and amended with SCU as Co-
        penambahan SCU sebagai Co-Borrower                           Borrower   with     maximum          amount    of
        dengan    maksimal  penarikan   sebesar                      US$5,000,000.
        $AS5.000.000.

        Pada tanggal 15 November 2024, Perusahaan,                   On November 15, 2024, the Company, ETSA,
        ETSA, EFK, dan SCU menandatangani                            EFK, and SCU signed amendments to the credit
        perubahan         perjanjian kredit mengenai                 agreement regarding the extension of the credit
        perpanjangan jangka waktu perjanjian kredit                  agreement term until October 31, 2025 and
        sampai dengan 31 Oktober 2025 dan                            changes to several terms and conditions of the
        perubahan beberapa syarat dan ketentuan                      credit facility.
        fasilitas kredit.

        Fasilitas PTD, UPAS/UFAM dan TR dikenakan                    The PTD, UPAS/UFAM and TR facilities bear
        bunga sebesar SOFR (Secured Overnight                        interest at the rate of SOFR (Secured Overnight
        Financing Rate) ditambah marjin tertentu per                 Financing Rate) plus certain margin per annum for
        tahun untuk penarikan dalam Dolar AS dan                     withdrawal in US Dollar and JIBOR plus certain
        JIBOR ditambah marjin tertentu per tahun untuk               margin per annum for withdrawal in Rupiah.
        penarikan dalam Rupiah.

        Fasilitas-fasilitas Omnibus  Uncommitted                     Uncommitted Ombinus facilities have maximum
        memiliki batas maksimum gabungan sebesar                     combined limit of US$15,000,000.
        $AS15.000.000.

        Fasilitas-fasilitas   ini      mengharuskan                  These facilities require the Company to comply to
        Perusahaan untuk memenuhi beberapa                           certain requirement, among others, financial
        persyaratan, diantaranya persyaratan rasio                   ratios as stipulated in the credit agreement:
        keuangan sebagaimana ditetapkan dalam
        perjanjian kredit:
         -     Maksimal Interest Bearing Debt to                      -    Maximal Interest Bearing Debt to EBITDA
               EBITDA Ratio sebesar 4 kali.                                Ratio of 4 times.

        Fasilitas ini diberikan tanpa jaminan (clean-                These facilities are provided on a clean-basis.
        basis).

        Pada tanggal 31 Desember 2024 dan                            As of December 31, 2024 and 2023, the
        2023, saldo terutang fasilitas pinjaman ini                  outstanding balance of these loan facilities
        sebesar masing-masing $AS422.400 (setara                     amounted to US$422,400 (equivalent to Rp6,825)
        dengan Rp6.825) dan Rp30.827 serta                           and Rp30,827 and US$3,670,769 (equivalent to
        $AS3.670.769 (setara dengan Rp56.673) dan                    Rp56,673) and Rp9,617, respectively.
        Rp9.617.

        Pada tanggal 31 Desember 2024, Grup telah                    As of December 31, 2024, the Group has
        memenuhi seluruh persyaratan yang diatur                     complied with all requirements that stipulated in
        dalam perjanjian pinjaman.                                   the loan agreements.




                                                          73
                                                                                   2024 Annual Report PT ELNUSA Tbk            559
Page 562
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                              As of December 31, 2024
           dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
               pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


16. PINJAMAN BANK JANGKA PENDEK (lanjutan)                        16. SHORT-TERM BANK LOANS (continued)

      Tingkat suku bunga kontraktual pinjaman bank                      Contractual interest rates on short-term bank loans are
      jangka pendek adalah sebagai berikut:                             as follows:

                                                      Tahun yang Berakhir
                                                   pada Tanggal 31 Desember/
                                                    Year Ended December 31,

                                                      2024               2023
  Rupiah                                                                                                                       Rupiah
    Pinjaman pada suku bunga mengambang 8,65% - 10,80%             4,90% - 9,75%                     Loans at floating interest rate

  Dolar AS                                                                                                                  US Dollar
    Pinjaman pada suku bunga mengambang           5,25% - 6,75%     3,75% - 7,00%                    Loans at floating interest rate



17. UTANG USAHA                                                   17. TRADE PAYABLES

      Rincian utang usaha berdasarkan pemasok adalah                    The details of trade payables based on vendors are as
      sebagai berikut:                                                  follows:
                                                  31 Desember/     31 Desember/
                                                  December 31,     December 31,
                                                      2024            2023
      Pihak ketiga:                                                                                                 Third parties
          Hebei Huatong Wires and Cables                                                    Hebei Huatong Wires and Cables
            Group Co., Ltd                              100.068                  -                        Group Co., Ltd
          PT Virgo Kencana Sejati Line                   22.366              8.520              PT Virgo Kencana Sejati Line
          PT Pelayaran Roylea Marine Line                20.436             17.865          PT Pelayaran Roylea Marine Line
          PT Tri Energi Teknologi                        13.356                  -                   PT Tri Energi Teknologi
          PT Waviv Technologies                          11.342                  -                   PT Waviv Technologies
          PT Amico Putera Perkasa                        10.882             30.956                 PT Amico Putera Perkasa
          PT Rainbow Tubulars Manufacture                 9.367                  -        PT Rainbow Tubulars Manufacture
          PT Halliburton Indonesia                        8.950                  -                  PT Halliburton Indonesia
          PT Cindara Pratama Lines                        8.867              6.155                PT Cindara Pratama Lines
          PT JM Mutu Utama                                8.032              1.449                        PT JM Mutu Utama
          PT Pelayaran Menaratama Pasifik Indah           7.631              4.085    PT Pelayaran Menaratama Pasifik Indah
          PT Petrolog Indah                               7.375              8.439                         PT Petrolog Indah
          PT Timuraya Tunggal                             5.936              9.400                      PT Timuraya Tunggal
          PT Adiguna Bumi Petrol                          5.820              3.246                   PT Adiguna Bumi Petrol
          PT Guna Teguh Abadi                             5.571                  -                     PT Guna Teguh Abadi
          PT Adiluhung Saranasegara Indonesia             5.468                  -     PT Adiluhung Saranasegara Indonesia
          PT Supraniaga Nusantara                         5.126              4.001                 PT Supraniaga Nusantara
          Lain-lain (masing-masing
            dibawah Rp5.000)                            415.411            476.515                 Others (each below Rp5,000)
          Subtotal                                      672.004            570.631                                       Subtotal
      Pihak berelasi (Catatan 32f)                      482.732            434.186                         Related parties (Note 32f)
      Total                                           1.154.736          1.004.817                                                 Total




                                                                   74
560    PT ELNUSA Tbk Laporan Tahunan 2024
Page 563
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                     PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                               As of December 31, 2024
        dan untuk Tahun yang Berakhir                                          and for the Year Then Ended
            pada Tanggal Tersebut                                            (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                          Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


17. UTANG USAHA (lanjutan)                                      17. TRADE PAYABLES (continued)

   Rincian utang usaha berdasarkan mata uang adalah             The details of trade payables based on currencies are as
   sebagai berikut:                                             follows:

                                              31 Desember/        31 Desember/
                                              December 31,        December 31,
                                                  2024               2023
   Rupiah                                           1.041.985             973.778                                            Rupiah
   Dolar AS                                           111.705              29.205                                         US Dollar
   Poundsterling Britania Raya                            681                 536                        Great Britain Poundsterling
   Dolar Singapura                                        365               1.298                                   Singapore Dollar
   Total                                            1.154.736           1.004.817                                                 Total


   Saldo utang usaha pada tanggal 31 Desember 2024                    Outstanding balances of trade payables as of
   dan 2023 tidak memiliki jaminan. Tidak ada surat                   December 31, 2024 and 2023 are unsecured. There
   jaminan yang diberikan maupun diterima untuk                       have been no guarantees provided or received for any
   utang usaha.                                                       trade payables.

   Perusahaan bekerja sama dengan PT Bank Rakyat                   The Company entered into supply chain financing
   Indonesia (Persero) Tbk (“BRI”) dan PT Bank Mandiri             facility with PT Bank Rakyat Indonesia (Persero) Tbk
   (Persero) Tbk (“Mandiri”) dalam fasilitas pembiayaan            (“BRI”) and PT Bank Mandiri (Persero) Tbk (“Mandiri”).
   supply chain. Fasilitas tersebut dapat digunakan                Those facilities can be used by the Company’s supplier
   oleh pemasok Perusahaan untuk memperoleh                        to obtain payment of invoices that have been approved
   pembayaran atas tagihan yang telah disetujui oleh               by the Company to be paid by the bank in accordance
   Perusahaan untuk dibayarkan oleh bank sesuai                    with certain terms and conditions.
   dengan syarat dan ketentuan tertentu.

   Batas maksimum fasilitas yang diberikan oleh BRI                   The maximum limit facility of BRI and Mandiri are
   dan Mandiri masing-masing sebesar Rp300.000 dan                    amounted to Rp300,000 and US$15,000,000,
   $AS15.000.000.                                                     respectively.

   Pada tanggal 31 Desember 2024 dan 2023, fasilitas                  As of December 31, 2024 and 2023, the outstanding
   pembiayaan supply chain yang digunakan oleh                        supply chain facilities used by the Group’s suppliers in
   pemasok Grup pada BRI masing-masing                                BRI were amounted to Rp109,001 and Rp107,145,
   sebesar       Rp109.001     dan     Rp107.145.                     respectively. As of December 31, 2024 and 2023, the
   Pada    tanggal   31    Desember   2024 dan                        outstanding supply chain facilities used by the
   2023, fasilitas pembiayaan supply chain yang                       Company’s suppliers in Mandiri were amounted to
   digunakan oleh pemasok Perusahaan pada Mandiri                     Rp79,121 and Rp26,931 (Note 32f).
   sebesar Rp79.121 dan Rp26.931 (Catatan 32f).


18. LIABILITAS JANGKA PENDEK LAINNYA                            18. OTHER CURRENT LIABILITIES

   Liabilitas jangka pendek lainnya terdiri dari:                     Other current liabilities consist of:

                                              31 Desember/        31 Desember/
                                              December 31,        December 31,
                                                  2024               2023
   Titipan pelanggan                                  45.835               28.484                                  Customer deposits
   Utang lain-lain                                    24.303               26.181                                     Other payables
   Pendapatan diterima di muka                         9.427               11.313                                  Unearned revenue
    Total                                             79.565               65.978                                                 Total


   Utang lain-lain terutama merupakan utang pajak                     Other payables mainly represent regional tax for fuel
   daerah atas penjualan bahan bakar serta setoran                    sales and non-tax state revenue (“PNBP”) for
   Penerimaan Negara Bukan Pajak (“PNBP”) terkait                     downstream oil and gas activities.
   aktivitas hilir migas.
                                                                 75
                                                                                           2024 Annual Report PT ELNUSA Tbk            561
Page 564
                                                                     The original consolidated financial statements included herein are in the
                                                                                                                        Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                        PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                  As of December 31, 2024
           dan untuk Tahun yang Berakhir                                             and for the Year Then Ended
               pada Tanggal Tersebut                                               (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                             Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


19. PERPAJAKAN                                                      19. TAXATION

      a.   Pajak dibayar di muka                                          a.    Prepaid taxes

           Pajak dibayar di muka terdiri dari:                                  Prepaid taxes consist of:

                                                     31 Desember/    31 Desember/
                                                     December 31,    December 31,
                                                         2024           2023
           Pajak penghasilan badan - Perusahaan:                                                Corporate income tax -The Company:
            Tahun berjalan                                 28.452               34.282                                Current year
            Tahun-tahun sebelumnya                         34.282               50.071                                 Prior years

           Pajak penghasilan badan - Entitas anak:                                               Corporate income tax - Subsidiaries:
            Tahun berjalan                                  8.736               17.586                               Current year
            Tahun-tahun sebelumnya                         18.059               39.844                                 Prior years

           Pajak Pertambahan Nilai - Perusahaan:                                                     Value Added Tax-The Company:
            Tahun berjalan                                151.609              156.353                               Current year
            Tahun-tahun sebelumnya                        157.171                  737                                Prior years

           Pajak Pertambahan Nilai - Entitas anak:                                                     Value Added Tax-Subsidiaries:
            Tahun berjalan                                359.445              395.368                               Current year
            Tahun-tahun sebelumnya                        358.800              317.327                                Prior years

           Pajak lainnya - Perusahaan                                                                       Others Tax-The Company:
            Tahun berjalan                                  5.054                    -                                 Current year

           Pajak lainnya - Entitas anak                                                                        Others Tax-Subsidiaries:
            Tahun berjalan                                    74                     -                                  Current year
            Tahun-tahun sebelumnya                             -                 1.371                                   Prior years


           Total                                        1.121.682          1.012.939                                                 Total

           Bagian lancar                                  150.712              406.888                                  Current portion

           Bagian tidak lancar                            970.970              606.051                             Non-current portion


           Pajak dibayar dimuka lainnya pada tahun 2024                         Other prepaid taxes in 2024 are mainly
           terutama merupakan lebih bayar pajak                                 overpayments on income tax article 21 which will
           penghasilan pasal 21 yang akan dikompensasi                          be compensated in the next tax period.
           pada masa pajak berikutnya.

           Pada tahun 2024, Grup menerima sejumlah                              In 2024, the Group received several tax
           surat ketetapan pajak terkait dengan restitusi                       assessment letters in relation to its claims for tax
           pajak yang diajukan (Catatan 19e).                                   refund (Note 19e).

      b.   Utang pajak                                                    b. Taxes payable

           Utang pajak terdiri dari:                                            Taxes payable consists of:

                                                     31 Desember/    31 Desember/
                                                     December 31,    December 31,
                                                         2024           2023
           Pajak penghasilan badan:                                                                               Corporate income tax:
            Entitas anak                                                                                                Subsidiaries
            Tahun berjalan                                  6.425                1.057                                  Current year
            Tahun-tahun sebelumnya                              -                  161                                   Prior years




                                                                     76
562    PT ELNUSA Tbk Laporan Tahunan 2024
Page 565
                                                                 The original consolidated financial statements included herein are in the
                                                                                                                    Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                       PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                 As of December 31, 2024
        dan untuk Tahun yang Berakhir                                            and for the Year Then Ended
            pada Tanggal Tersebut                                              (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                            Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


19. PERPAJAKAN (lanjutan)                                      19. TAXATION (continued)

   b.    Utang pajak (lanjutan)                                      b. Taxes payable (continued)

         Utang pajak terdiri dari: (lanjutan)                               Taxes payable consists of: (continued)

                                                31 Desember/    31 Desember/
                                                December 31,    December 31,
                                                    2024           2023
        Pajak lain-lain:                                                                                                Other taxes:
         Pajak final pasal 4 (2)                       1.250                 1.403                           Final tax article 4 (2)
         Pajak final pasal 15                          1.260                 1.325                             Final tax article 15
         Pajak penghasilan pasal 21                    4.538                25.149                          Income tax article 21
         Pajak penghasilan pasal 22                    1.734                   811                          Income tax article 22
         Pajak penghasilan pasal 23                    8.275                 6.768                          Income tax article 23
         Pajak penghasilan pasal 25                      619                     -                          Income tax article 25
         Pajak penghasilan pasal 26                      392                 1.231                          Income tax article 26
         Pajak Pertambahan Nilai                      38.123                23.070                              Value Added Tax
        Total                                         62.616                60.975                                               Total


         Berdasarkan Peraturan Menteri Keuangan                             Based on the Finance Minister Regulation
         No. 37/PMK.03/2015 tanggal 4 Maret 2015,                           No. 37/PMK.03/2015 dated March 4, 2015, the
         Perusahaan ditunjuk sebagai pemungut Pajak                         Company was appointed as Value Added Tax
         Pertambahan Nilai (“PPN”) efektif tanggal                          collector effective April 1, 2015. As such, the
         1 April 2015. Dengan adanya peraturan ini,                         Company collects, pays and reports the VAT
         Perusahaan    memungut,     menyetor  dan                          arising from the sales of goods and services by
         melaporkan PPN yang terutang atas                                  other parties to the Company.
         penyerahan barang dan jasa oleh pihak lain
         kepada Perusahaan.

         Berdasarkan Peraturan Menteri Keuangan                             Based on the Finance Minister Regulation
         No. 107/PMK.10/2015 tanggal 8 Juni 2015,                           No. 107/PMK.10/2015 dated June 8, 2015, the
         Perusahaan ditunjuk sebagai pemungut pajak                         Company was appointed as income tax article 22
         penghasilan   pasal   22 efektif   tanggal                         collector effective August 8, 2015.
         8 Agustus 2015.

         Saldo utang pajak termasuk PPN dan pajak                           The balances of taxes payable include the VAT
         penghasilan pasal 22 yang belum disetor ke kas                     and income tax article 22 which have not yet been
         negara atas kewajiban ini.                                         paid to the treasury fund arising from such
                                                                            obligation.

   c.    Beban pajak penghasilan                                     c.     Income tax expense

         Beban pajak penghasilan terdiri dari:                              Income tax expense consists of:
                                                    Tahun yang Berakhir
                                                 pada Tanggal 31 Desember/
                                                  Year Ended December 31,

                                                   2024                   2023
        Beban pajak kini:                                                                                     Current tax expenses:
          Tahun berjalan                             163.661               109.461                                  Current year
          Penyesuaian atas hasil surat
            ketetapan pajak                           11.036                     673      Adjustment for tax assessment letter
          Subtotal                                   174.697               110.134                                   Sub-total
        Beban (pendapatan) pajak tangguhan            (7.295)                4.603                 Deferred tax (income) expense
        Total                                        167.402               114.737                                               Total




                                                                77
                                                                                          2024 Annual Report PT ELNUSA Tbk            563
Page 566
                                                                      The original consolidated financial statements included herein are in the
                                                                                                                         Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                         PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                   As of December 31, 2024
           dan untuk Tahun yang Berakhir                                              and for the Year Then Ended
               pada Tanggal Tersebut                                                (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                              Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


19. PERPAJAKAN (lanjutan)                                           19. TAXATION (continued)

      c.    Beban pajak penghasilan (lanjutan)                            c.     Income tax expense (continued)

            Rekonsiliasi antara beban pajak penghasilan                          The reconciliation between consolidated income
            konsolidasian     dengan   laba    sebelum                           tax expense and consolidated profit before income
            pajak penghasilan konsolidasian dengan                               tax using the applicable tax rate is as follows:
            menggunakan tarif pajak yang berlaku adalah
            sebagai berikut:

                                                         Tahun yang Berakhir
                                                      pada Tanggal 31 Desember/
                                                       Year Ended December 31,

                                                        2024                   2023
           Laba sebelum pajak penghasilan
             badan menurut laporan laba rugi                                                           Profit before corporate income tax
             dan penghasilan komprehensif lain                                                in consolidated statement of profit or loss
             konsolidasian                                881.074               617.868              and other comprehensive income
           Dikurangi: laba dari pendapatan                                                                       Less: profit from revenue
             yang dikenakan pajak final                  (109.095)              (89.945)                              subject to final tax
           Laba yang dikenakan pajak penghasilan          771.979               527.923                        Profit subject to income tax
           Pajak penghasilan dihitung dengan                                                                    Income tax calculated at
             tarif yang berlaku                           146.676               100.305                                  applicable rate

           Dampak perbedaan permanen:                                                                     Effect of permanent differences:
             Beban yang tidak dapat dikurangkan
                untuk tujuan perpajakan                    37.005                30.088                     Non-deductible expenses
             Rugi (laba) penjualan aset tetap                   1                  (435)             Loss (gain) on sale of fixed asset
             Pendapatan keuangan yang
                dikenakan pajak final                     (38.534)              (13.472)           Finance income subject to final tax
             Beban bunga yang tidak dapat
                dikurangkan untuk tujuan perpajakan        11.218                 5.505              Non-deductible finance expenses
           Hasil ketetapan pajak                           11.036                   673                      Tax assessment letters
           Pemanfaatan kompensasi rugi fiskal                   -                (8.450)                         Tax loss compensation
           Rugi fiskal yang tidak diakui                                                                     Tax loss not recognized as
             sebagai aset pajak tangguhan                       -                     523                         deferred tax assets
           Beban pajak penghasilan                        167.402               114.737                               Income tax expense


            Rekonsiliasi antara laba sebelum pajak                               The reconciliation between the profit before
            penghasilan seperti yang tercantum dalam                             income tax expense as shown in the consolidated
            laporan    laba    rugi   dan    penghasilan                         statement of profit or loss and other
            komprehensif lain konsolidasian dan estimasi                         comprehensive income (loss) and the current year
            laba (rugi) kena pajak Perusahaan tahun                              estimated taxable income of the Company is as
            berjalan adalah sebagai berikut:                                     follows:

                                                         Tahun yang Berakhir
                                                      pada Tanggal 31 Desember/
                                                       Year Ended December 31,

                                                        2024                   2023
           Laba sebelum pajak penghasilan -
             konsolidasian                                881.074               617.868          Profit before income tax - consolidated
           Dikurangi: Laba sebelum pajak
             penghasilan - entitas anak                  (587.227)             (497.162)    Less: Profit before income tax - subsidiaries

           Laba sebelum pajak penghasilan -                                                                   Income before income tax
             Perusahaan                                   293.847               120.706                             - the Company




                                                                     78
564    PT ELNUSA Tbk Laporan Tahunan 2024
Page 567
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                         PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                   As of December 31, 2024
        dan untuk Tahun yang Berakhir                                              and for the Year Then Ended
            pada Tanggal Tersebut                                                (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                              Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


19. PERPAJAKAN (lanjutan)                                        19. TAXATION (continued)

   c.    Beban pajak penghasilan (lanjutan)                            c.     Income tax expense (continued)

         Rekonsiliasi antara laba sebelum pajak                               The reconciliation between the profit before
         penghasilan seperti yang tercantum dalam                             income tax expense as shown in the consolidated
         laporan    laba    rugi   dan       penghasilan                      statement of profit or loss and other
         komprehensif lain konsolidasian dan estimasi                         comprehensive income (loss) and the current year
         laba (rugi) kena pajak Perusahaan tahun                              estimated taxable income of the Company is as
         berjalan adalah sebagai berikut: (lanjutan)                          follows: (continued)

                                                      Tahun yang Berakhir
                                                   pada Tanggal 31 Desember/
                                                    Year Ended December 31,

                                                     2024                   2023
        Ditambah: Rugi (laba) dari
           pendapatan yang dikenakan                                                                 Add: Loss (gain) from revenue
           pajak final - Perusahaan                      (869)                 6.304            subject to final tax - the Company

        Laba yang dikenakan pajak                                                                                     Income subject
          penghasilan - Perusahaan                     292.978               127.010                to income tax - the Company
        Perbedaan temporer:                                                                                   Temporary differences:
          Penyusutan aset tetap                        (24.984)              (58.566)                    Fixed assets depreciation
          Gaji, upah dan kesejahteraan
             karyawan                                   99.108                79.683       Salaries, wages and employee benefits
          Liabilitas imbalan kerja                      (4.764)                5.264                    Employee benefits liability
          Penyisihan penurunan nilai                                                                     Allowance for impairment
             aset keuangan                              (1.346)               (6.447)                         of financial assets
          Beban sewa                                   (11.429)              (10.802)                                Rent expenses
          Penyusutan aset hak-guna                      11.710                10.485              Right-of-use assets depreciation
        Perbedaan permanen:                                                                                   Permanent differences:
          Beban yang tidak dapat dikurangkan
             untuk tujuan perpajakan                    34.743                22.614                     Non-deductible expenses
          (Laba) rugi penjualan aset tetap                   6                (2.290)            (Gain) loss on sale of fixed asset
          Beban bunga yang tidak dapat
             dikurangkan untuk tujuan perpajakan        59.041                28.975            Non-deductible Interest expenses
          Pendapatan keuangan yang
             dikenakan pajak final                    (151.135)              (52.297)          Finance income subject to final tax

        Taksiran laba kena pajak                                                                          Estimated taxable income
          - Perusahaan                                 303.928               143.629                              - the Company
        Rugi fiskal:                                                                                                        Tax loss:
          Rugi fiskal yang dapat dikompensasikan                                                           Tax loss carry forward
             tahun sebelumnya                                -               (14.791)                       from previous year
          Penyesuaian laba kena pajak 2022                                                      Adjustment of taxable profit 2022
             melalui pembetulan SPT                                                                          through tax return
             (Catatan 19e)                                   -               (29.411)                    correction (Note 19e)
          Penyesuaian rugi pajak 2021 melalui                                                  Tax loss adjustment 2021 through
             surat ketetapan pajak (Catatan 19e)             -                     (271)      tax assessment letter (Note 19e)

        Taksiran penghasilan kini -                                                                      Estimated taxable income
          tahun berjalan                               303.928                99.156                                - current year

        Beban pajak kini dengan                                                                  Current income tax calculated at
          tarif yang berlaku - Perusahaan               57.746                18.840              applicable rate - the Company




                                                                  79
                                                                                             2024 Annual Report PT ELNUSA Tbk           565
Page 568
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                     PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                               As of December 31, 2024
           dan untuk Tahun yang Berakhir                                          and for the Year Then Ended
               pada Tanggal Tersebut                                            (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                          Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


19. PERPAJAKAN (lanjutan)                                       19. TAXATION (continued)

      c.    Beban pajak penghasilan (lanjutan)                        c.     Income tax expense (continued)

            Perhitungan beban pajak kini - tahun berjalan                    The calculation of current tax expense - current
            dan taksiran lebih bayar dan kurang bayar pajak                  year     and   estimated     overpayment    and
            penghasilan badan adalah sebagai berikut:                        underpayment of corporate income tax is as
                                                                             follows:

                                                    Tahun yang Berakhir
                                                 pada Tanggal 31 Desember/
                                                  Year Ended December 31,

                                                    2024                   2023
           Beban pajak kini - tahun berjalan:                                                  Current tax expenses - current year:
             Perusahaan                                57.746                18.840                              The Company
             Entitas anak                             105.915                90.621                                Subsidiaries
                                                      163.661               109.461

           Dikurangi: Pembayaran di muka                                                               Less: Prepayment of income
             pajak penghasilan:                                                                                          taxes:
             Perusahaan                               (86.198)              (53.122)                              The Company
             Entitas anak                            (108.226)             (107.150)                               Subsidiaries
                                                     (194.424)             (160.272)

           Taksiran lebih bayar                                                                           Estimated overpayment of
             pajak penghasilan:                                                                                      income tax:
             Perusahaan                                28.452                34.282                                The Company
             Entitas anak                               8.736                17.586                                  Subsidiaries
                                                       37.188                51.868

           Taksiran kurang bayar                                                                        Estimated underpayment of
             pajak penghasilan:                                                                                      income tax:
             Perusahaan                                     -                     -                                The company
             Entitas anak                               6.425                 1.057                                 Subsidiaries
                                                        6.425                 1.057


            Pajak penghasilan badan dihitung untuk                           Corporate income tax is calculated for each
            masing-masing perusahaan sebagai entitas                         individual company as a separate legal entity.
            yang terpisah secara hukum.

            Perhitungan taksiran penghasilan kena pajak                      The calculation of estimated taxable income for
            pada tahun 2024 akan menjadi dasar dalam                         the year 2024 will be used as a basis in filling the
            pengisian Surat Pemberitahuan Tahunan Pajak                      Annual Corporate Income Tax Return for the year
            Penghasilan Badan tahun 2024.                                    2024.

            Perhitungan taksiran penghasilan kena pajak                      The calculation of estimated taxable income at the
            pada tahun 2023 telah dilaporkan sebagai dasar                   end of the year 2023 has been filed in the Annual
            dalam pengisian Surat Pemberitahuan Tahunan                      Corporate Income Tax Return for the year 2023.
            Pajak Penghasilan Badan tahun 2023.




                                                                 80
566    PT ELNUSA Tbk Laporan Tahunan 2024
Page 569
                                                                      The original consolidated financial statements included herein are in the
                                                                                                                         Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                           PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                     As of December 31, 2024
        dan untuk Tahun yang Berakhir                                                and for the Year Then Ended
            pada Tanggal Tersebut                                                  (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                                Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


19. PERPAJAKAN (lanjutan)                                           19. TAXATION (continued)

   c.    Beban pajak penghasilan (lanjutan)                               c.   Income tax expense (continued)

         Berdasarkan undang-undang perpajakan yang                              Under the taxation laws of Indonesia, entities
         berlaku di Indonesia, entitas-entitas di dalam                         within the Group calculate and pay tax on the
         Grup menghitung dan membayar sendiri                                   basis of self assessment. The Directorate General
         besarnya jumlah pajak yang terutang. Direktorat                        of Tax may assess or amend tax liabilities within
         Jenderal Pajak dapat menetapkan atau                                   5 (five) years of the time the tax becomes due.
         mengubah liabilitas pajak dalam batas waktu 5
         (lima) tahun sejak saat terutangnya pajak.

   d.    Pajak penghasilan tangguhan                                      d.    Deferred income tax

         Mutasi aset (liabilitas) pajak tangguhan adalah                       The movements in deferred tax assets (liabilities)
         sebagai berikut:                                                      are as follows:

                                    Tahun yang Berakhir pada Tanggal 31 Desember 2024/
                                              Year Ended December 31, 2024
                                                    Dibebankan ke/Charged to
                                      Saldo                                               Saldo
                                      awal/                                               akhir/
                                    Beginning       Laba (rugi)/       Ekuitas/          Ending
                                     balance        Profit (loss)       Equity           balance

        Aset (liabilitas) pajak tangguhan                                                            Deferred tax assets (liabilities)
        Penyisihan penurunan nilai                                                                       Allowance for impairment of
           aset keuangan                 32.965           1.928                    -         34.893                financial assets
        Beban akrual untuk bonus         34.013          23.685                    -         57.698    Accrued expense for bonuses
        Penyusutan aset tetap            32.555          (4.745)                   -         27.810        Fixed assets depreciation
        Liabilitas imbalan kerja         19.185            (273)               4.966         23.878        Employee benefits liability
        Liabilitas sewa                    5.937           (348)                   -          5.589                     Lease liability
        Aset hak-guna                     (5.966)         1.108                    -         (4.858)             Right-of-use assets
        Lain-lain (masing-masing
           di bawah Rp5.000)               3.765          (2.103)                  -           1.662      Others (each below Rp5,000)
        Aset pajak tangguhan,
          neto                          122.454          19.252                4.966        146.672            Deferred tax assets, net


        Aset (liabilitas) pajak tangguhan                                                            Deferred tax assets (liabilities)
        Penyisihan penurunan nilai                                                                       Allowance for impairment of
           aset keuangan                  1.997              (64)                  -          1.933                financial assets
        Penyusutan aset tetap             1.316           (6.908)                  -         (5.592)       Fixed assets depreciation
        Liabilitas imbalan kerja          2.058           (1.802)              1.608          1.864        Employee benefits liability
        Liabilitas sewa                  71.737          (46.029)                  -         25.708                     Lease liability
        Aset hak-guna                   (69.286)          44.440                   -        (24.846)             Right-of-use assets
        Lain-lain (masing-masing
           di bawah Rp5.000)              (994)           (1.594)                  -          (2.588)     Others (each below Rp5,000)
        Aset (liabilitas) pajak                                                                                       Deferred tax asset
          tangguhan, neto                 6.828         (11.957)               1.608          (3.521)                    (liabilities), net




                                                                     81
                                                                                               2024 Annual Report PT ELNUSA Tbk            567
Page 570
                                                                        The original consolidated financial statements included herein are in the
                                                                                                                           Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                           PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                  NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                     As of December 31, 2024
           dan untuk Tahun yang Berakhir                                                and for the Year Then Ended
               pada Tanggal Tersebut                                                  (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                                Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


19. PERPAJAKAN (lanjutan)                                              19. TAXATION (continued)

      d.    Pajak penghasilan tangguhan (lanjutan)                           d.    Deferred income tax (continued)

            Mutasi aset (liabilitas) pajak tangguhan adalah                       The movements in deferred tax assets (liabilities)
            sebagai berikut: (lanjutan)                                           are as follows: (continued)

                                        Tahun yang Berakhir pada Tanggal 31 Desember 2023/
                                                  Year Ended December 31, 2023
                                                       Dibebankan ke/Charged to
                                          Saldo                                             Saldo
                                          awal/                                             akhir/
                                        Beginning      Laba (rugi)/      Ekuitas/          Ending
                                         balance       Profit (loss)      Equity           balance

           Aset pajak tangguhan                                                                                     Deferred tax assets
           Penyisihan penurunan nilai                                                                        Allowance for impairment of
              aset keuangan                  39.630          (4.668)                  -        34.962                  financial assets
           Beban akrual untuk bonus          17.426          16.587                   -        34.013       Accrued expense for bonuses
           Penyusutan aset tetap             51.312         (17.441)                  -        33.871           Fixed assets depreciation
           Liabilitas imbalan kerja          16.788             394               4.061        21.243          Employee benefits liability
           Liabilitas sewa                  124.684         (47.010)                  -        77.674                       Lease liability
           Aset hak-guna                   (123.471)         48.219                   -       (75.252)                Right-of-use assets
           Lain-lain (masing-masing
              di bawah Rp5.000)               3.455            (684)                  -          2.771      Others (each below Rp5,000)
           Aset pajak tangguhan,
             neto                          129.824           (4.603)              4.061       129.282            Deferred tax assets, net



      e.    Hasil pemeriksaan pajak signifikan                               e.    Significant tax assessment

            Perusahaan                                                             The Company

            Pada berbagai tanggal ditahun 2024,                                    On various date in 2024, the Company received
            Perusahaan menerima pengembalian lebih                                 refund on overpayment of VAT for tax period
            bayar pajak atas PPN periode pajak Januari-                            January-December      2022.     After    being
            Desember 2022. Setelah dikompensasikan                                 compensated with underpayment for the same tax
            dengan kurang bayar pajak untuk masa pajak                             periods, the net refund received amounted to
            yang sama, jumlah yang diterima sebesar                                Rp325.
            Rp325.

            Pada bulan Juli 2024, Perusahaan menerima                              In July 2024, the Company received a corporate
            surat ketetapan lebih bayar pajak penghasilan                          income tax overpayment letter for the fiscal year
            badan untuk tahun pajak 2022. Berdasarkan                              2022. Based on the decree, the amount of
            surat ketetapan tersebut, jumlah lebih bayar                           overpayment approved based on the results of
            yang disetujui berdasarkan hasil pemeriksaan                           the audit was Rp50,071. After being compensated
            sebesar Rp50.071. Setelah dikompensasikan                              by underpaying tax for the same tax period, the
            dengan kurang bayar pajak untuk masa pajak                             amount received was Rp49,864.
            yang sama, jumlah yang diterima sebesar
            Rp49.864.

            Pada bulan November 2024, Perusahaan                                   In November 2024, the Company received a
            menerima surat keputusan pengembalian                                  decision letter on the preliminary refund of excess
            pendahuluan kelebihan pajak untuk PPN masa                             tax for VAT for the February and March 2024
            Februari dan Maret 2024. Berdasarkan surat                             periods. Based on the decree, the amount of
            keputusan tersebut, jumlah lebih bayar yang                            overpayment approved to be paid in advance is
            disetujui untuk dibayarkan terlebih dahulu                             Rp45,706.
            sebesar Rp45.706.



                                                                        82
568    PT ELNUSA Tbk Laporan Tahunan 2024
Page 571
                                                           The original consolidated financial statements included herein are in the
                                                                                                              Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                 PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                           As of December 31, 2024
        dan untuk Tahun yang Berakhir                                      and for the Year Then Ended
            pada Tanggal Tersebut                                        (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                      Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


19. PERPAJAKAN (lanjutan)                                 19. TAXATION (continued)

   e.   Hasil    pemeriksaan      pajak     signifikan          e.    Significant tax assessment (continued)
        (lanjutan)

        Perusahaan (lanjutan)                                         The Company (continued)

        Pada berbagai tanggal ditahun 2023,                           On various date in 2023, the Company received
        Perusahaan menerima pengembalian lebih                        refund on overpayment of VAT for tax period
        bayar pajak atas PPN periode pajak Januari-                   January-December 2021 and January-December
        Desember 2021 dan Januari-Desember 2022.                      2022.     After    being     compensated        with
        Setelah dikompensasikan dengan kurang bayar                   underpayment for the same tax periods, the net
        pajak untuk masa pajak yang sama, jumlah                      refund received amounted to Rp174,105. The
        yang diterima sebesar Rp174.105. Perusahaan                   Group recognized income amounted Rp224
        mengakui beban sebesar Rp224 sehubungan                       related to such refund in profit or loss for 2023.
        dengan restitusi tersebut dalam laba rugi 2023.

        Pada bulan Juli 2023, Perusahaan menerima                     In July 2023, the Company received a corporate
        surat ketetapan lebih bayar pajak penghasilan                 income tax overpayment letter for the fiscal year
        badan untuk tahun pajak 2021. Berdasarkan                     2021. Based on the decree, the total loss for fiscal
        surat ketetapan tersebut, jumlah rugi fiskal                  2021 was Rp131,012 and the amount of
        tahun 2021 adalah sebesar Rp131.012 dan                       overpayment approved based on the results of
        jumlah lebih bayar yang disetujui berdasarkan                 the examination and received was Rp54,078.
        hasil pemeriksaan dan yang diterima sebesar
        Rp54.078.

        Pada bulan Juni 2023, Perusahaan melaporkan                   In June 2023, the Company reported the 1st (one)
        pembetulan ke-1 (satu) surat pemberitahuan                    correction of the tax return of corporate income
        pajak atas pajak penghasilan badan tahun fiskal               tax for fiscal year 2022 where the reported fiscal
        2022 dimana penghasilan neto fiskal dan                       net income and fiscal net compensation
        kompensasi neto fiskal yang dilaporkan sebesar                amounted to Rp86,539.
        Rp86.539.

        EPN, PND, ETSA, EFK, SCU, ERA                                 EPN, PND, ETSA, EFK, SCU, ERA

        Pada berbagai tanggal ditahun 2024, ETSA,                     On various date in 2024, ETSA, EPN, SCU, PND
        EPN, SCU, PND dan EFK, menerima                               and EFK received refund on overpayment of VAT
        pengembalian lebih bayar pajak atas PPN untuk                 for perod fiscal of January-December 2022. After
        periode pajak Januari-Desember 2022. Setelah                  being compensated with underpayment of various
        dikompensasikan dengan kurang bayar serta                     taxes and notice of tax collection for the same
        surat tagihan pajak beberapa jenis pajak untuk                fiscal year amounting Rp8,783, the net refund
        tahun pajak yang sama sebesar Rp8.783,                        received amounted to Rp272,439. The Group has
        jumlah yang diterima sebesar Rp272.439. Grup                  recognized expenses related to such refund in
        telah mengakui beban sehubungan dengan                        profit or loss for 2024.
        restitusi tersebut dalam laba rugi tahun 2024.

        Pada berbagai tanggal di tahun 2024, ETSA                     On various dates in 2024, ETSA received a
        menerima surat keputusan pengembalian                         decision letter regarding the refund of excess tax
        pendahuluan kelebihan pajak untuk PPN masa                    advances for VAT for the periods of January to
        Januari-Desember 2023 dan Januari-April                       December 2023 and January to April 2024. After
        2024. Setelah dikompensasikan dengan kurang                   offsetting this amount against underpayments and
        bayar serta surat tagihan beberapa jenis pajak                billing letters for several types of taxes for the
        untuk tahun pajak yang sama sebesar Rp61,                     same tax year amounting Rp61, the total amount
        jumlah yang diterima sebesar Rp43.693. Grup                   received was Rp43,693. The Group has
        telah mengakui beban sehubungan dengan                        recognized expenses related to the restitution in
        restitusi tersebut dalam laba rugi tahun 2024.                the profit and loss statement for the year 2024.




                                                           83
                                                                                    2024 Annual Report PT ELNUSA Tbk            569
Page 572
                                                              The original consolidated financial statements included herein are in the
                                                                                                                 Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                 PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                           As of December 31, 2024
           dan untuk Tahun yang Berakhir                                      and for the Year Then Ended
               pada Tanggal Tersebut                                        (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                      Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


19. PERPAJAKAN (lanjutan)                                    19. TAXATION (continued)

      e.   Hasil    pemeriksaan      pajak     signifikan          e.    Significant tax assessment (continued)
           (lanjutan)

           EPN, PND, ETSA, EFK, SCU, ERA (lanjutan)                      EPN, PND, ETSA, EFK, SCU, ERA (continued)

           Pada berbagai tanggal di tahun 2024, PND,                     On various dates in 2024, PND, EPN, EFK, and
           EPN, EFK dan SCU menerima surat ketetapan                     SCU received tax assessment letters for
           pajak kurang bayar dan surat ketetapan lebih                  underpayment and overpayment for corporate
           bayar untuk PPh Badan tahun pajak 2022 dan                    income tax for the fiscal years 2022 and 2019.
           2019. Setelah dikompensasikan dengan kurang                   After    offsetting   this    amount     against
           bayar serta surat tagihan pajak beberapa jenis                underpayments and billing letters for several
           pajak untuk tahun pajak yang sama, jumlah                     types of taxes for the same tax year, the total
           yang diterima sebesar Rp28.897. Grup                          amount received was Rp28,897. The group
           mengakui      beban      sebesar     Rp11.036                 recognized an expense of Rp11,036 related to the
           sehubungan     dengan      penerimaan     surat               receipt of these assessment letters in the profit
           ketetapan tersebut dalam laba rugi tahun 2024.                and loss statement for the year 2024.

           Pada April 2024, EPN menerima surat                           In April 2024, EPN received a tax assessment
           ketetapan pajak lebih bayar untuk PPN masa                    letter for overpayment of VAT for the period of
           Desember 2021. Berdasarkan surat ketetapan                    December 2021. According to this decision letter,
           tersebut, jumlah lebih bayar yang diterima                    the amount of overpayment received was
           sebesar Rp32.664.                                             Rp32,664.

           Pada Juni 2024, SCU menerima putusan                          In June 2024, SCU received an appeal decision
           banding oleh Pengadilan Pajak tentang atas                    by the Tax Court regarding the objection to the
           keberatan Surat Ketetapan Pajak Kurang Bayar                  VAT Underpayment Tax Determination Letter for
           PPN masa pajak Oktober 2015. Berdasarkan                      the October 2015 tax period. Based on the
           surat putusan tersebut, Pengadilan Pajak                      decision, the Tax Court granted part of the
           mengabulkan sebagian banding Pemohon                          Appellant's appeal against the objection to the
           Banding terhadap keberatan atas Surat                         VAT Underpayment Tax Determination Letter for
           Ketetapan Pajak Kurang Bayar PPN masa                         the tax period of October 2015. After being
           pajak Oktober 2015. Setelah dikompensasikan                   compensated with tax bills and tax fines, the
           dengan surat tagihan pajak dan denda pajak,                   amount received was Rp3,559.
           jumlah yang diterima sebesar Rp3.559.

           Pada Oktober 2024, EFK menerima putusan                       In October 2024, EFK received an appeal
           banding oleh Pengadilan Pajak terhadap Surat                  decision by the Tax Court against the
           Ketetapan Pajak Kurang Bayar atas Pajak                       Underpayment Tax Determination Letter on Final
           Penghasilan Final Pasal 4(2) masa pajak                       Income Tax Article 4(2) for the January-February
           Januari-Februari 2018. Berdasarkan surat                      2018 tax period. Based on the decision letter, the
           putusan     tersebut,   Pengadilan      Pajak                 Tax Court granted all appeals against the Letter
           mengabulkan seluruhnya banding terhadap                       of Underpayment Tax on Final Income Tax Article
           Surat Ketetapan Pajak Kurang Bayar atas Pajak                 4(2) of the January-February 2018 tax period. The
           Penghasilan Final Pasal 4(2) masa pajak                       company received a return of Rp1,433.
           Januari-Februari 2018. Perusahaan menerima
           pengembalian sebesar sebesar Rp1.433.

           Pada berbagai tanggal di tahun 2024, ETSA,                    On various dates in 2024, ETSA, PND, EPN,
           PND, EPN, EFK, dan SCU menerima berbagai                      EFK, and SCU received various tax assessment
           surat ketetapan pajak kurang bayar dan surat                  letters for underpayment and billing letters for
           tagihan pajak atas berbagai jenis pajak tahun                 different types of taxes for the tax years 2019-
           pajak 2019-2023 sebesar Rp6.928. Grup telah                   2023, totaling Rp6,928. The group has paid and
           membayar dan mengakui beban sebesar                           recognized an expense related to the receipt of
           sehubungan      dengan    penerimaan     surat                these assessment and billing letters in the profit
           ketetapan dan surat tagihan tersebut dalam                    and loss statement for the year 2024.
           laba rugi tahun 2024.



                                                              84
570    PT ELNUSA Tbk Laporan Tahunan 2024
Page 573
                                                          The original consolidated financial statements included herein are in the
                                                                                                             Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                               FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                          As of December 31, 2024
        dan untuk Tahun yang Berakhir                                     and for the Year Then Ended
            pada Tanggal Tersebut                                       (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                     Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


19. PERPAJAKAN (lanjutan)                                19. TAXATION (continued)

   e.   Hasil    pemeriksaan      pajak    signifikan          e.    Significant tax assessment (continued)
        (lanjutan)

        EPN, PND, ETSA, EFK, SCU, ERA (lanjutan)                     EPN, PND, ETSA, EFK, SCU, ERA (continued)

        Pada berbagai tanggal ditahun 2023, ETSA,                    On various date in 2023, ETSA, PND, EFK, and
        PND, EFK, dan ERA menerima pengembalian                      ERA received refund on overpayment of VAT and
        lebih bayar pajak atas PPN dan pajak                         corporate income tax for fiscal year 2021. After
        penghasilan badan untuk tahun pajak 2021.                    being compensated with underpayment of various
        Setelah dikompensasikan dengan kurang bayar                  taxes and notice of tax collection for the same
        serta surat tagihan pajak beberapa jenis pajak               fiscal year, the net refund received amounted to
        untuk tahun pajak yang sama, jumlah yang                     Rp65,583. The Group recognized expenses
        diterima sebesar Rp65.583. Grup mengakui                     amounting to Rp735 related to such refund in
        beban sebesar Rp735 sehubungan dengan                        profit or loss for 2023.
        restitusi tersebut dalam laba rugi tahun 2023.

        Pada berbagai tanggal di tahun 2023, EPN,                    On various dates in 2023, EPN, SCU, PND and
        SCU, PND dan EFK menerima surat ketetapan                    EFK received underpayment letters and notice of
        kurang bayar serta surat tagihan pajak atas                  tax collection on several types of income tax and
        beberapa jenis pajak penghasilan dan PPN                     VAT for 2018-2020 with an underpayment amount
        untuk tahun 2018-2020 dengan jumlah kurang                   of Rp931. The Group has recognized these
        bayar sebesar Rp931. Grup telah mengakui                     expenses in profit and loss for 2023.
        beban tersebut dalam laba rugi tahun 2023.

   f.   Beban pajak final                                      f.    Final tax expense

        Beban pajak final timbul dari pajak final atas               Final tax expense arises from final taxes on
        pendapatan jasa penyewaan ruangan kantor                     revenue from rental of office space and barges,
        dan tongkang, serta penjualan bahan bakar.                   and sales of fuel.

   g.   Tarif pajak                                            g. Tax rates

        Pada tanggal 29 Oktober 2021, Presiden                       On October 29, 2021, the President of the
        Republik Indonesia menandatangani UU                         Republic of Indonesia signed UU No.7/2021
        No.7/2021 tentang “Harmonisasi Peraturan                     regarding “Harmonization of Tax Regulation”,
        Perpajakan”, yang menerapkan, antara lain,                   which applies, among others, the corporate
        tarif pajak penghasilan badan sebagai berikut:               income tax rate as follows:

        a.   sebesar 22% yang mulai berlaku pada                     a.   22% effective starting fiscal year 2022
             tahun pajak 2022 (sebelumnya 20% yang                        (previously 20% as stipulated in Perppu No.1
             diatur dalam Perppu No.1 Tahun 2020                          Year 2020 dated March 31, 2020).
             tertanggal 31 Maret 2020).

        b.   Perusahaan Terbuka dalam negeri dengan                  b.   Resident publicly-listed companies in
             jumlah keseluruhan saham yang disetor                        Indonesia whose at least 40% or more of the
             diperdagangkan pada bursa efek di                            total paid-up shares or other equity
             Indonesia paling sedikit 40% dan                             instruments are listed for trading in the
             memenuhi persyaratan tertentu sesuai                         Indonesia stock exchanges and meet certain
             dengan peraturan pemerintah, dapat                           requirements in accordance with the
             memperoleh tarif sebesar 3% lebih rendah                     government regulations, can apply tariff of
             dari tarif pada butir a di atas.                             3% lower than tariff as stated in point a
                                                                          above.




                                                          85
                                                                                   2024 Annual Report PT ELNUSA Tbk            571
Page 574
                                                                    The original consolidated financial statements included herein are in the
                                                                                                                       Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                     PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                            NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                               As of December 31, 2024
           dan untuk Tahun yang Berakhir                                          and for the Year Then Ended
               pada Tanggal Tersebut                                            (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                          Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


19. PERPAJAKAN (lanjutan)                                          19. TAXATION (continued)

      g.   Tarif pajak (lanjutan)                                        g. Tax rates (continued)

           Perusahaan terbuka yang memenuhi syarat-                          Publicly listed entities which comply with certain
           syarat tertentu berhak memperoleh penurunan                       requirements are entitled to a tax rate reduction
           tarif pajak penghasilan yang berlaku. Untuk                       from the applicable tax rates. For the fiscal year
           tahun pajak 2024 dan 2023, Perusahaan                             2024 and 2023, the Company complied with these
           memenuhi persyaratan tersebut dan telah                           requirements and has therefore applied the lower
           menetapkan tarif pajak yang lebih rendah.                         tax rate.


20. BEBAN AKRUAL                                                  20. ACCRUED EXPENSES

      Beban akrual terdiri dari:                                         Accrued expenses consist of:

                                                   31 Desember/     31 Desember/
                                                   December 31,     December 31,
                                                       2024            2023
      Jasa subkontrak                                 1.644.419           1.334.461                             Sub-contract services
      Beban proyek                                      625.994             498.493                                 Project expenses
      Pembelian persediaan                              358.007             349.740                          Purchase of inventories
      Sewa dan fasilitas kantor                         153.018             188.204                        Rental and office facilities
      Jasa professional                                  25.804               4.080                             Professional services
      Lain-lain (masing-masing di bawah Rp5.000)         32.647              30.510                     Others (each below Rp5,000)
      Total                                           2.839.889           2.405.488                                                 Total




21. PINJAMAN BANK JANGKA PANJANG                                  21. LONG-TERM BANK LOANS

      Pinjaman bank jangka panjang terdiri dari:                         Long-term bank loans consist of:


                                                   31 Desember/     31 Desember/
                                                   December 31,     December 31,
                                                       2024             2023
       PT Bank Syariah Indonesia Tbk                    132.233                    -                  PT Bank Syariah Indonesia Tbk
       PT Bank Mega Tbk                                  52.500                    -                            PT Bank Mega Tbk
       Total pinjaman bank                              184.733                    -                                Total bank loans
       Biaya pinjaman yang belum                                                                                Unamortized borrowing
         diamortisasi                                      (294)                   -                                          cost
       Total                                            184.439                    -                                               Total


       Bagian Lancar                                                                                                   Current Portion
         Pinjaman bank                                   31.000                    -                                    Bank loans
       Neto                                              31.000                    -                                                  Net

       Bagian Tidak Lancar                                                                                     Non-Current Portion
         Pinjaman bank                                  153.733                    -                                  Bank loans
         Biaya pinjaman yang belum                                                                         Unamortized borrowing
           diamortisasi                                    (294)                   -                                     cost
       Neto                                             153.439                    -                                                  Net




                                                                    86
572    PT ELNUSA Tbk Laporan Tahunan 2024
Page 575
                                                          The original consolidated financial statements included herein are in the
                                                                                                             Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                               FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                          As of December 31, 2024
        dan untuk Tahun yang Berakhir                                     and for the Year Then Ended
            pada Tanggal Tersebut                                       (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                     Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


21. PINJAMAN BANK JANGKA PANJANG (lanjutan)              21. LONG-TERM BANK LOANS (continued)

   a.   PT Bank Syariah Indonesia Tbk                          a.    PT Bank Syariah Indonesia Tbk

        Sesuai Perjanjian Line Facility Pembiayaan                   Refering to Financing Line Facility Agreement.
        berdasarkan Prinsip Syariah tanggal 10 Januari               Based On Sharia Principles dated January 10,
        2024, EPN memperoleh fasilitas pembiayaan                    2024, EPN obtained a non-revolving financing
        non-revolving dari PT Bank Syariah Indonesia                 facility from PT Bank Syariah Indonesia Tbk with
        Tbk dengan limit Rp155.000 dan akan jatuh                    maximum limit of thus facility up to Rp155,000 and
        tempo dalam waktu 78 (tujuh puluh delapan)                   will mature in 78 (seventy eight) months since the
        bulan sejak tanggal perjanjian.                              date of agreement.
        Fasilitas ini mengharuskan EPN untuk
                                                                     These facilities require EPN to comply to certain
        memenuhi beberapa persyaratan, diantaranya
                                                                     requirement, among others, financial ratios as
        persyaratan rasio keuangan sebagaimana
                                                                     stipulated in the credit agreement:
        ditetapkan dalam perjanjian kredit:

        -  Minimal Current Ratio sebesar 1 kali.                       -   Minimum Current Ratio of 1 times.
        -  Minimal Debt Service Coverage Ratio                         -   Minimum Debt Service Coverage Ratio of 1
           sebesar 1 kali.                                                 times.
        - Maksimal Debt to Equity Ratio sebesar 3                      -   Maximum Debt to equity of 3 times.
           kali.
        Fasilitas ini diberikan tanpa jaminan (clean-                These facilities are provided on a clean-basis.
        basis).

        Pada tanggal 31 Desember 2024 dan                            As December 31, 2024 and 2023, the outstanding
        2023 saldo terutang fasilitas pinjaman ini                   balances of these loan facilities amounted to
        masing-masing sebesar Rp132.233 dan                          Rp132,233 and RpNil.
        RpNihil.

        Pada tanggal 31 Desember 2024, Grup telah                    As December 31, 2024, the Group has complied
        memenuhi seluruh persyaratan yang diatur                     with the all requirements that stipulated in the loan
        dalam perjanjian pinjaman.                                   agreements.

   b.   PT Bank Mega Tbk                                       b.    PT Bank Mega Tbk

        Berdasarkan perjanjian kredit tanggal 7 Mei                  Based on the credit agreement date May 7, 2024,
        2024 Perusahaan memperoleh fasilitas Fixed                   the Company obtained a Fixed Loan Facility.
        Loan. Pinjaman bersifat general purpose dan                  Loans are general purpose and non-revolving.
        non-revolving.  Dengan     plafon   sebesar                  With a ceiling of Rp52,500 and will mature within
        Rp52.500 dan akan jatuh tempo dalam 120                      120 (one hundred and twenty) months from the
        (seratus dua puluh) bulan sejak tanggal                      date of the agreement.
        perjanjiannya.

        Fasilitas ini diberikan tanpa jaminan (clean-                This credit facility is provided on a clean-basis
        basis collateral).                                           collateral.

        Pada tanggal 31 Desember 2024 dan 2023                       As December 31, 2024, and 2023 the outstanding
        saldo terutang fasilitas pinjaman ini masing-                balances of these loan facilities amounted to
        masing sebesar Rp52.500 dan RpNihil.                         Rp52,500 and RpNil.

        Pada tanggal 31 Desember 2024, Grup telah                    As December 31, 2024, the Group has complied
        memenuhi seluruh persyaratan yang diatur                     with the all requirements that stipulated in the loan
        dalam perjanjian pinjaman.                                   agreements.




                                                          87
                                                                                   2024 Annual Report PT ELNUSA Tbk            573
Page 576
                                                                    The original consolidated financial statements included herein are in the
                                                                                                                       Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                        PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                  As of December 31, 2024
           dan untuk Tahun yang Berakhir                                             and for the Year Then Ended
               pada Tanggal Tersebut                                               (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                             Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


22. UTANG SUKUK                                                    22. SUKUK PAYABLE

      Utang sukuk terdiri dari:                                          Sukuk payable consist of:
                                                31 Desember/        31 Desember/
                                                December 31,        December 31,
                                                    2024               2023
  Sukuk Ijarah Berkelanjutan 1                                                                             Sukuk Ijarah Sustainable 1
    Tahap 1 Tahun 2020                                700.000                  700.000                         Phase 1 Year 2020
  Biaya penerbitan sukuk yang                                                                                    Unamortized issuance
    belum diamortisasi                                   (582)                  (1.393)                              costs of sukuk
  Total                                               699.418                  698.607                                              Total

  Bagian lancar                                       699.418                        -                                 Current portion

  Bagian tidak lancar                                          -               698.607                            Non-current portion


      Pada tanggal 3 Agustus 2020, Perusahaan telah                      On August 3, 2020, the Company has obtained an
      mendapatkan pernyataan efektif dari Otoritas Jasa                  effective statement from Otoritas Jasa Keuangan
      Keuangan (OJK) atas penerbitan Sukuk Ijarah                        (OJK) on the issuance of Sukuk Ijarah Berkelanjutan
      Berkelanjutan 1 Tahap 1 Tahun 2020 dengan sisa                     (sustainable Sukuk Ijarah) 1 Phase 1 Year 2020, with
      imbalan Ijarah sebesar Rp700.000. Sukuk Ijarah ini                 residual Ijarah Benefits amounted to Rp700,000. The
      diterbitkan tanpa warkat dan dijamin dengan                        Sukuk Ijarah is issued without notes and guaranteed
      kesanggupan penuh (full commitment) dan                            with full commitments and offered with 100% value of
      ditawarkan dengan nilai 100% dari jumlah sisa                      residual Ijarah benefits, with period of 5 (five) years
      imbalan Ijarah, dengan jangka waktu 5 (lima) tahun                 from the issue date. The Ijarah Installments amounted
      sejak tanggal emisi. Cicilan Imbalan Ijarah adalah                 Rp63,000, or equivalent of 9% annually, which will be
      sebesar Rp63.000, atau ekuivalen sebesar 9% per                    paid every 3 (three) months and due on
      tahun yang akan dibayarkan setiap 3 (tiga) bulan,                  August 11, 2025.
      dan jatuh tempo 11 Agustus 2025.

      Total dana yang diterima Perusahaan pada tanggal                   Total funds received by the Company on
      11 Agustus 2020 dari hasil penerbitan Perdana                      August 11, 2020 from the first issuance of Sukuk Ijarah
      Sukuk Ijarah Berkelanjutan 1 Tahap 1 Tahun 2020                    Berkelanjutan (sustainable Sukuk Ijarah) 1 Phase 1
      adalah sebesar Rp700.000. Sesuai dengan                            Year 2020 was Rp700,000. Based on the agreement
      perjanjian Perusahaan dengan PT Bank Rakyat                        between the Company and PT Bank Rakyat Indonesia
      Indonesia (Persero) Tbk selaku wali amanat dan                     (Persero) Tbk as Trustee and the Company’s
      prospektus penawaran sukuk ijarah Perusahaan,                      prospectus, the fund will be used for investment and
      dana tersebut akan digunakan untuk investasi dan                   working capital.
      modal kerja.

      Objek ijarah yang mendasari penerbitan sukuk                       Ijarah objects underlying the issuance of sukuk are the
      adalah hak manfaat atas aset tetap tertentu berupa                 relevant beneficial interest of certain fixed assets of
      tanah dan bangunan yang dimiliki oleh Perusahaan.                  land and building which are owned by the Company.

      Sukuk ini mengharuskan Perusahaan untuk                            The sukuk requires the Company to comply to certain
      memenuhi beberapa persyaratan, diantaranya                         requirement, among others, financial ratios as
      persyaratan     rasio     keuangan      sebagaimana                stipulated in the credit agreement:
      ditetapkan dalam perjanjian kredit:
       -     Rasio total pinjaman berbunga dengan total                    -     Maximum interest bearing debt to equity ratio of
             ekuitas (interest bearing debt to equity) tidak                     3:1.5
             lebih dari 3:1,5
       -     Rasio EBITDA dengan beban bunga                               -     Minimum EBITDA to interest expense ratio of
             pinjaman tidak kurang dari 1,5:1                                    1.5:1

      Pada tanggal 31 Desember 2024 dan 2023,                            As of December 31, 2024 and 2023, the Company has
      Perusahaan telah memenuhi seluruh pembatasan                       complied with all the covenants as required by the
      yang diatur dalam perjanjian sukuk.                                sukuk agreement.


                                                                    88
574    PT ELNUSA Tbk Laporan Tahunan 2024
Page 577
                                                            The original consolidated financial statements included herein are in the
                                                                                                               Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                               PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                              FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                         As of December 31, 2024
        dan untuk Tahun yang Berakhir                                    and for the Year Then Ended
            pada Tanggal Tersebut                                      (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                    Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


22. UTANG SUKUK (lanjutan)                                22. SUKUK PAYABLE (continued)

   Perusahaan dapat membeli kembali sebagian atau               The Company can buy back part or all of the sukuk at
   seluruh sukuk pada harga pasar setelah satu tahun            market price after the first anniversary of the sukuk.
   dari tanggal penerbitan. Berdasarkan laporan                 Based on the latest rating report issued by PT Pefindo,
   pemeringkatan terakhir yang dipublikasikan oleh              rating of the Company’s sukuk payable is idAA(sy)
   PT Pefindo, peringkat sukuk Perusahaan adalah                (double A sharia) and the rating of the Company is
   idAA(sy) (double A syariah) dan peringkat                    idAA/stable (double A; stable outlook).
   Perusahaan adalah idAA/stable (double A; stable
   outlook).

   Sukuk ini tidak dijamin dengan aset tertentu yang            The sukuk is neither collateralized by any specific
   dimiliki oleh Perusahaan maupun oleh pihak lain.             Company’s assets nor guaranteed by other parties.


23. PENDAPATAN DITANGGUHKAN                               23. DEFERRED INCOME

   Pendapatan ditangguhkan merupakan selisih antara             Deferred income is the difference between the book
   nilai buku aset tetap sewa pembiayaan dengan                 value of fixed assets under finance lease with the
   jumlah penerimaan minimum sewa pembiayaan.                   minimum amount received from finance lease.

                                           31 Desember/    31 Desember/
                                           December 31,    December 31,
                                               2024           2023

   Pendapatan ditangguhkan                                                                                    Deferred income
    (Catatan 32g dan 33b)                        48.150             58.850                               (Notes 32g and 33b)
   Bagian lancar                                 10.700             10.700                                       Current portion
   Total setelah dikurangi bagian lancar         37.450             48.150                       Total net of current portion




24. IMBALAN KERJA                                         24. EMPLOYEE BENEFITS

   Aset program imbalan pensiun (liabilitas imbalan             Pension benefit plan assets (employee benefits
   kerja) yang diakui dalam laporan posisi keuangan             liability) recognized in the consolidated statement of
   konsolidasian adalah sebagai berikut:                        financial position are as follows:

                                           31 Desember/    31 Desember/
                                           December 31,    December 31,
                                               2024           2023
   Liabilitas imbalan kerja                                                                     Employee benefits liability
   Program imbalan pensiun - asuransi            60.332             54.138                      Pension benefits - insurance
   Imbalan kerja jangka panjang lainnya          58.943             50.282                Other long-term employee benefits
   Total                                        119.275            104.420                                                  Total

   Bagian lancar                                 24.019             32.869                                     Current portion

   Bagian tidak lancar                           95.256             71.551                                Non-current portion


   Perhitungan aktuarial tahun yang berakhir pada               The actuarial calculations for the year ended
   31 Desember 2024 dan 2023 masing-masing                      December 31, 2024 and 2023 was performed by
   dilakukan oleh Kantor Konsultan Aktuaria Steven &            Kantor Konsultan Aktuaria Steven & Mourits,
   Mourits berdasarkan laporannya masing-masing                 respectively, with reports dated January 24, 2025 and
   tertanggal 24 Januari 2025 dan 15 Februari 2024              February 15, 2024, respectively, using the Projected
   dengan menggunakan metode Projected Unit                     Unit Credit method.
   Credit.



                                                           89
                                                                                     2024 Annual Report PT ELNUSA Tbk            575
Page 578
                                                                                    The original consolidated financial statements included herein are in the
                                                                                                                                       Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                      PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                                     FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                                As of December 31, 2024
           dan untuk Tahun yang Berakhir                                                           and for the Year Then Ended
               pada Tanggal Tersebut                                                             (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                                           Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


24. IMBALAN KERJA (lanjutan)                                                    24. EMPLOYEE BENEFITS (continued)

      a.   Program imbalan pensiun                                                      a.    Pension benefits plan

           Imbalan pensiun - Asuransi                                                        Pension benefits - Insurance

           Grup menyelenggarakan program pensiun                                              The Group has a defined benefit pension plan
           imbalan pasti untuk semua karyawan tetap yang                                      covering all permanent employees which is
           dikelola oleh beberapa perusahaan asuransi.                                        managed by several insurance companies.

           Asumsi-asumsi penting yang digunakan oleh                                          The significant assumptions used by the actuary
           aktuaris dalam laporannya adalah sebagai                                           in its reports are as follows:
           berikut:
           Tingkat diskonto                     :            7,05% - 7,15% pada tahun 2024           :                                              Discount rate
                                                           dan 6,60% - 6,80% pada tahun 2023
                                                            7.05% - 7.15% per annum in 2024
                                                          and 6.60% - 6.80% per annum in 2023
           Tingkat kenaikan gaji                : 6% per tahun pada tahun 2024/ 6% per annum in 2024 :                                     Salary increase rate
                                                  5% per tahun pada tahun 2023/ 5% per annum in 2023
           Tingkat kematian                     :        Tabel Mortalita Indonesia 4 tahun 2019      :                                          Mortality rate
                                                         Indonesian Mortality Table 4 Year 2019
           Usia pensiun                                                                                                                       Retirement age
             Perusahaan, EFK, SCU,                                                                                                 The Company, EFK, SCU,
             PND, ETSA                          :                    56 tahun / 56 years old                        :                          PND, ETSA
             EPN                                :                    57 tahun / 57 years old                        :                                EPN
           Tingkat pengunduran diri                                                                                                          Resignation rate
             Perusahaan                         : 5% untuk karyawan yang berusia di bawah 30 tahun                  :                       The Company
                                                   dan akan menurun sampai 0% pada usia 46 tahun/
                                                  5% for employees younger than 30 years old which
                                                      will decrease to 0% at the age of 46 years old
             EPN                                : 1% untuk karyawan yang berusia di bawah 30 tahun                  :                                       EPN
                                                   dan akan menurun sampai 0% pada usia 46 tahun/
                                                  1% for employees younger than 30 years old which
                                                      will decrease to 0% at the age of 46 years old
             SCU                                : 1% untuk karyawan yang berusia di bawah 30 tahun                  :                                      SCU
                                                   dan akan menurun sampai 0% pada usia 46 tahun/
                                                  1% for employees younger than 30 years old which
                                                      will decrease to 0% at the age of 46 years old
             PND                                : 1% untuk karyawan yang berusia di bawah 30 tahun                  :                                      PND
                                                   dan akan menurun sampai 0% pada usia 46 tahun/
                                                  1% for employees younger than 30 years old which
                                                      will decrease to 0% at the age of 46 years old
             EFK                                : 1% untuk karyawan yang berusia di bawah 30 tahun                  :                                       EFK
                                                   dan akan menurun sampai 0% pada usia 54 tahun/
                                                  1% for employees younger than 30 years old which
                                                     will decrease to 0% at the age of 54 years old
             ETSA                               : 5% untuk karyawan yang berusia di bawah 30 tahun                  :                                     ETSA
                                                   dan akan menurun sampai 0% pada usia 46 tahun/
                                                  5% for employees younger than 30 years old which
                                                      will decrease to 0% at the age of 46 years old

           Jumlah yang diakui dalam laporan posisi                                            Amounts recognized in the consolidated
           keuangan konsolidasian adalah sebagai                                              statement of financial position are as follows:
           berikut:
                                          31 Desember/December 31, 2024                 31 Desember/December 31, 2023
                                                                                                                               _

                                                       Entitas                                        Entitas
                                      Perusahaan/       Anak/         Jumlah/      Perusahaan/         Anak/        Jumlah/
                                       Company       Subsidiaries      Total        Company         Subsidiaries     Total

           Nilai kini kewajiban          (196.293)        (53.683)     (249.976)        (191.085)        (53.454)       (244.539)         Present value of obligation
           Nilai wajar aset program       140.456          55.906       196.362          141.431          50.536         191.967            Fair value of plan assets

           Surplus (defisit)              (55.837)          2.223       (53.614)         (49.654)         (2.918)        (52.572)                    Surplus (deficit)
           Dampak batas atas aset               -          (6.718)       (6.718)               -          (1.566)         (1.566)              Effect of asset ceiling

           Surplus (liabilitas                                                                                                                   Surplus (employee
            imbalan kerja)                (55.837)         (4.495)      (60.332)         (49.654)         (4.484)       (54.138)                  benefits liability)




                                                                                   90
576    PT ELNUSA Tbk Laporan Tahunan 2024
Page 579
                                                                     The original consolidated financial statements included herein are in the
                                                                                                                        Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                          PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                    As of December 31, 2024
        dan untuk Tahun yang Berakhir                                               and for the Year Then Ended
            pada Tanggal Tersebut                                                 (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                               Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


24. IMBALAN KERJA (lanjutan)                                       24. EMPLOYEE BENEFITS (continued)

   a.    Program imbalan pensiun (lanjutan)                              a.    Pension benefits plan (continued)

         Imbalan pensiun – Asuransi (lanjutan)                                 Pension benefits – Insurance (continued)

         Mutasi nilai kini kewajiban adalah sebagai                            The movements in present value of obligation are
         berikut:                                                              as follows:

                                                    31 Desember/     31 Desember/
                                                    December 31,     December 31,
                                                        2024             2023
        Saldo awal                                      (244.539)             (210.876)                                Beginning balance
        Biaya jasa kini                                  (17.273)              (17.679)                             Current service cost
        Biaya jasa lalu                                   27.764                 1.524                                   Past service cost
        Penyesuaian liabilitas akibat                                                                           Liability assumed due to
          pengakuan masa kerja lalu                       (2.027)               (1.600)                  recognition of past services
        Biaya bunga                                      (13.699)              (14.281)                                      Interest cost
        Provisi untuk pembayaran imbalan                                                                            Provision for excess
          di luar provisi yang dihitung                     (984)               (2.278)                              benefit payment
        Keuntungan (kerugian) aktuarial                  (20.122)              (19.254)                          Actuarial gains (losses)
        Pembayaran imbalan dari aset program              19.511                16.673                 Benefit payment from plan assets
        Pembayaran imbalan oleh Perusahaan                 1.393                 3.232                  Benefit payment from Company
        Saldo akhir                                     (249.976)             (244.539)                                 Ending balance


         Mutasi nilai wajar aset program adalah sebagai                        The movements in fair value of plan assets are as
         berikut:                                                              follows:
                                                    31 Desember/     31 Desember/
                                                    December 31,     December 31,
                                                        2024             2023
        Saldo awal                                       191.967               181.889                              Beginning balance
        Imbal hasil atas aset program                     12.803                13.060                           Return on plan assets
        Kerugian aktuarial                                (6.346)               (2.389)                                Actuarial losses
        Iuran pemberi kerja                               17.449                16.080                         Employer’s contributions
        Imbalan yang dibayarkan                          (19.511)              (16.673)                                   Benefits paid
        Saldo akhir                                      196.362               191.967                                  Ending balance


         Rincian aset program adalah sebagai berikut:                          The details of plan assets are as follows:

                                           31 Desember/                        31 Desember/
                                           December 31,                        December 31,
                                               2024                                2023
                                     Nilai wajar/                   Nilai wajar/
                                     Fair value          %          Fair value              %
        Instrumen pendapatan tetap        82.452              42              84.306              44         Fixed income instruments
        Instrumen pasar uang              72.823              37              70.426              37         Money market instruments
        Instrumen utang                   24.011              12              21.037              11               Liability instruments
        Instrumen ekuitas                 17.076               9              16.198               8                Equity instruments
        Total                            196.362             100          191.967                100                                 Total




                                                                    91
                                                                                                2024 Annual Report PT ELNUSA Tbk          577
Page 580
                                                                The original consolidated financial statements included herein are in the
                                                                                                                   Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                             As of December 31, 2024
           dan untuk Tahun yang Berakhir                                        and for the Year Then Ended
               pada Tanggal Tersebut                                          (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                        Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


24. IMBALAN KERJA (lanjutan)                                  24. EMPLOYEE BENEFITS (continued)

      a.   Program imbalan pensiun (lanjutan)                        a.    Pension benefits plan (continued)

           Imbalan pensiun - Asuransi (lanjutan)                          Pension benefits - Insurance (continued)

           Jumlah yang diakui dalam beban pokok                            Amounts recognized in cost of revenues and
           pendapatan dan beban umum dan administrasi                      general and administrative expenses are as
           adalah sebagai berikut:                                         follows:

                                                  Tahun yang Berakhir
                                               pada Tanggal 31 Desember/
                                                Year Ended December 31,

                                                   2024               2023
           Biaya jasa kini                            17.273               17.679                          Current service cost
           Biaya jasa lalu                           (27.764)              (1.524)                              Past service cost
           Penyesuaian liabilitas akibat                                                               Liability assumed due to
            pengakuan masa kerja lalu                  2.027                1.600               recognition of past services
           Biaya bunga                                13.699               14.281                                   Interest cost
           Imbal hasil atas aset program             (12.803)             (13.060)                       Return on plan assets
           Kelebihan pembayaran imbalan                  984                2.278      Excess benefit paid directly by Company

           Total                                      (6.584)              21.254                                               Total


           Mutasi liabilitas imbalan kerja adalah sebagai                  The movements in employee benefits liability are
           berikut:                                                        as follows:

           Perusahaan                                                                                                 The Company
                                               31 Desember/     31 Desember/
                                               December 31,     December 31,
                                                   2024             2023
           Saldo awal                                49.654                29.059                             Beginning balance
           Biaya diakui dalam laba rugi              (2.582)               14.754            Expense recognized in profit or loss
           Biaya (penghasilan) diakui dalam                                                        Expense (income) recognized
             penghasilan komprehensif lain            20.460               17.762              in other comprehensive income
           Iuran pemberi kerja                       (10.956)             (11.472)                      Employer’s contributions
           Imbalan yang dibayarkan                      (739)                (449)                                 Benefits paid
           Saldo akhir                               55.837                49.654                                  Ending balance


           Entitas anak                                                                                                 Subsidiaries

                                               31 Desember/     31 Desember/
                                               December 31,     December 31,
                                                   2024             2023
           Saldo awal                                  4.484                3.834                            Beginning balance
           Biaya diakui dalam laba rugi               (4.002)               6.500            Expense recognized in profit or loss
           Biaya (penghasilan) diakui dalam                                                       Expense (income) recognized
             penghasilan komprehensif lain           11.160                 1.541              in other comprehensive income
           Iuran pemberi kerja                       (6.493)               (4.608)                      Employer’s contributions
           Imbalan yang dibayarkan                     (654)               (2.783)                                 Benefits paid
           Saldo akhir                                4.495                 4.484                                  Ending balance




                                                                92
578    PT ELNUSA Tbk Laporan Tahunan 2024
Page 581
                                                                       The original consolidated financial statements included herein are in the
                                                                                                                          Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                            PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                      As of December 31, 2024
        dan untuk Tahun yang Berakhir                                                 and for the Year Then Ended
            pada Tanggal Tersebut                                                   (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                                 Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


24. IMBALAN KERJA (lanjutan)                                         24. EMPLOYEE BENEFITS (continued)

   a.    Program imbalan pensiun (lanjutan)                                a.     Pension benefits plan (continued)

         Imbalan pensiun - Asuransi (lanjutan)                                    Pension benefits - Insurance (continued)

         Jumlah yang diakui dalam penghasilan                                     Amounts recognized in other comprehensive
         komprehensif lain adalah sebagai berikut:                                income are as follows:

                                                         Tahun yang Berakhir
                                                      pada Tanggal 31 Desember/
                                                       Year Ended December 31,

                                                        2024                2023
          Kerugian (keuntungan) aktuarial                  31.620                 19.303                          Actuarial losses (gains)


         Analisa sensitivitas atas perubahan asumsi                               Sensitivity analysis on the change of financial
         keuangan adalah sebagai berikut:                                         assumptions is as follows:

                                            31 Desember /                        31 Desember/
                                            December 31,                         December 31,
                                                2024                                 2023
                                      Kenaikan/       Penurunan/       Kenaikan/           Penurunan/
                                     Increase of      Decrease of     Increase of          Decrease of
                                         1%               1%              1%                   1%
        Perubahan tingkat diskonto                                                                               Change in discount rate
          Dampak pada nilai kini                                                                             Effect on present value of
            kewajiban                    (19.795)          23.142           (19.901)            21.538                    obligation
          Dampak pada biaya jasa
            kini                            (1.579)         1.832               (1.604)          1.863 Effect on current service cost
        Perubahan tingkat kenaikan
          gaji                                                                                            Change in salary increase rate
          Dampak pada nilai kini                                                                            Effect on present value of
            kewajiban                     23.729           (20.649)             23.992         (22.097)                  obligation
          Dampak pada biaya jasa
            kini                            6.725           (1.670)              2.069          (1.783) Effect on current service cost

         Profil jatuh tempo pembayaran imbalan adalah                             Maturity profile of benefit payments is as follows:
         sebagai berikut:

                                                    31 Desember/      31 Desember/
                                                    December 31,      December 31,
                                                         2024             2023
         Kurang dari 1 tahun                                19.089                26.852                                  Less than 1 year
         Antara 1-5 tahun                                   91.925                84.510                                Between 1-5 years
         Lebih dari 5 tahun                              1.047.482               981.405                                More than 5 years




                                                                      93
                                                                                                 2024 Annual Report PT ELNUSA Tbk           579
Page 582
                                                                    The original consolidated financial statements included herein are in the
                                                                                                                       Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                      PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                As of December 31, 2024
           dan untuk Tahun yang Berakhir                                           and for the Year Then Ended
               pada Tanggal Tersebut                                             (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                           Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


24. IMBALAN KERJA (lanjutan)                                      24. EMPLOYEE BENEFITS (continued)

      b.   Imbalan kerja jangka panjang lainnya                         b.    Other long-term employee benefits

           Imbalan kerja jangka panjang lainnya                               Other long-term employee benefits represent
           merupakan penghargaan tertentu yang                                certain awards provided by the Group to their
           diberikan Grup kepada para karyawannya                             employees based on the employees’ length of
           berdasarkan lamanya masa kerja karyawan,                           service, namely Ulang Tahun Dinas (“UTD”). The
           yang dinamakan Ulang Tahun Dinas (“UTD”).                          benefit is awarded in the form of goods or certain
           Imbalan ini diberikan dalam bentuk barang atau                     amount of cash which is paid at the time the
           kas dalam jumlah tertentu yang dibayarkan                          employees reach certain anniversary dates during
           pada saat karyawan mencapai UTD tertentu                           employment.
           selama masa kerjanya.

           Pada tanggal 31 Desember 2024 dan                                  As of December 31, 2024 and 2023, liability
           2023, liabilitas yang diakui dalam laporan posisi                  recognized in the consolidated statement of
           keuangan konsolidasian terkait dengan                              financial position with respect to the program
           program ini masing-masing sebesar Rp58.943                         amounted to Rp58,943 and Rp50,282,
           dan Rp50.282.                                                      respectively.

      c.   Program pensiun iuran pasti                                  c.    Defined contribution pension plan

           Perusahaan, EPN, SCU dan PND menyediakan                           The Company, EPN, SCU and PND provide a
           program pensiun iuran pasti untuk karyawan                         defined contribution pension plan for employees
           tetap yang dipekerjakan sejak 1 Oktober 2002.                      hired with permanent status since October 1,
           Iuran program tersebut dikelola oleh Dana                          2002. The contribution to the plan is managed by
           Pensiun Lembaga Keuangan (”DPLK”) PT Bank                          Dana Pensiun Lembaga Keuangan (“DPLK”)
           Negara Indonesia (Persero) Tbk dan DPLK                            PT Bank Negara Indonesia (Persero) Tbk and
           PT Bank Rakyat Indonesia (Persero) Tbk.                            DPLK PT Bank Rakyat Indonesia (Persero) Tbk.

           Untuk tahun yang berakhir pada tanggal                             For the year ended December 31, 2024 and 2023,
           31 Desember 2024 dan 2023, beban yang                              expenses recognized with respect to the plan
           diakui terkait dengan program tersebut masing-                     amounted Rp5,001 and Rp4,077, respectively.
           masing sebesar Rp5.001 dan Rp4.077.

      d.   Liabilitas imbalan kerja jangka pendek                       d.    Short-term employee benefits liability

                                                 31 Desember/      31 Desember/
                                                 December 31,      December 31,
                                                      2024             2023


           Bagian jangka pendek dari                                                                                Current portion of
               liabilitas imbalan kerja                  24.019               32.869                      employee benefit liability
           Liabilitas imbalan kerja                                                                       Others short-term employee
               jangka pendek lainnya                    260.072              241.669                                benefit liability
           Total                                        284.091              274.538                                                Total


           Liabilitas imbalan kerja jangka pendek lainnya                     This account represents short-term employee
           terdiri dari akrual untuk gaji, iuran dana pensiun,                benefits liability consisting of accounts for
           jaminan sosial tenaga kerja dan imbalan kerja                      salaries, contributions for pension funds,
           karyawan lainnya.                                                  employee social security and other employee
                                                                              benefits.




                                                                   94
580    PT ELNUSA Tbk Laporan Tahunan 2024
Page 583
                                                              The original consolidated financial statements included herein are in the
                                                                                                                 Indonesian language.

  PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
   CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
              KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024                                              As of December 31, 2024
       dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
           pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
      (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
          Kecuali Dinyatakan Lain)


25. EKUITAS YANG DAPAT DIATRIBUSIKAN                       25. EQUITY ATTRIBUTABLE TO OWNERS OF THE
    KEPADA PEMILIK ENTITAS INDUK                               PARENT ENTITY

  a.    Modal saham                                               a.    Share capital

        Susunan pemegang saham Perusahaan adalah                        The composition of shareholders of the Company
        sebagai berikut:                                                is as follows:

                                            31 Desember/December 31, 2024
                                       Jumlah          Persentase
                                       saham/         kepemilikan/
                                      Number of       Percentage of
                                       shares          ownership             Total
       PT Pertamina Hulu Energi       3.729.781.000         51,10%             372.978                PT Pertamina Hulu Energi
       Publik:                                                                                                          Public:
         PT Panin Sekuritas Tbk         455.104.000          6,24%              45.510               PT Panin Sekuritas Tbk
         Lain-lain (masing-masing
            dengan kepemilikan publik                                                              Others (public ownership
            kurang dari 5%)           3.113.615.000         42,66%             311.362                  below 5% each)
       Total                         7.298.500.000         100,00%             729.850                                        Total


                                            31 Desember/December 31, 2023
                                       Jumlah          Persentase
                                       saham/         kepemilikan/
                                      Number of       Percentage of
                                       shares          ownership             Total
       PT Pertamina Hulu Energi      3.729.781.000          51,10%             372.978                PT Pertamina Hulu Energi
       Lain-lain (masing-masing
         dengan kepemilikan publik                                                                      Others (public ownership
         kurang dari 5%)             3.568.719.000          48,90%             356.872                        below 5% each)
       Total                         7.298.500.000         100,00%             729.850                                        Total


        Pada tanggal 1 September 2021, PT Pertamina                     On September 1, 2021, PT Pertamina Hulu Energi
        Hulu Energi mengambil alih saham Perusahaan                     took over the Company's shares previously
        yang sebelumnya dimiliki oleh PT Pertamina                      owned by PT Pertamina (Persero) amounting
        (Persero) sebanyak 41,10%.                                      41.10%.

        Pada tanggal 1 Desember 2021, PT Pertamina                      On December 1, 2021, PT Pertamina Hulu Energi
        Hulu Energi mengambil alih seluruh saham                        took over all of the Company's shares owned by
        Perusahaan yang dimiliki oleh Dana Pensiun                      Dana Pensiun Pertamina amounting 9.99%,
        Pertamina    sebanyak    9,99%,   sehingga                      bringing the share ownership of PT Pertamina
        kepemilikan    saham     Perusahaan    oleh                     Hulu Energi to 51.10%.
        PT Pertamina Hulu Energi menjadi sebanyak
        51,10%.

        Pada tanggal 31 Desember 2024 dan                               As of December 31, 2024 and 2023, the entire
        2023, seluruh saham Perusahaan telah dicatat                    shares of the Company are listed on the Indonesia
        di Bursa Efek Indonesia.                                        Stock Exchange.




                                                             95
                                                                                       2024 Annual Report PT ELNUSA Tbk            581
Page 584
                                                                      The original consolidated financial statements included herein are in the
                                                                                                                         Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                         PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                   As of December 31, 2024
           dan untuk Tahun yang Berakhir                                              and for the Year Then Ended
               pada Tanggal Tersebut                                                (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                              Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


25. EKUITAS YANG DAPAT DIATRIBUSIKAN                                 25. EQUITY ATTRIBUTABLE TO OWNERS OF THE
    KEPADA PEMILIK ENTITAS INDUK (lanjutan)                              PARENT ENTITY (continued)

      b.    Tambahan modal disetor                                         b.    Additional paid-in capital

                                                     31 Desember/     31 Desember/
                                                     December 31,     December 31,
                                                         2024            2023
           Agio saham                                     438.000               438.000                                   Share premium
           Biaya emisi saham                              (18.042)              (18.042)                         Shares issuance costs
           Selisih nilai transaksi penjualan                                                                    Difference in value from
             saham treasuri                                 9.654                 9.654                         sale of treasury stock
                                                                                                                Difference in value from
           Selisih nilai transaksi restrukturisasi                                                        restructuring transaction of
             entitas sepengendali                           1.810                 1.810               entities under common control
           Selisih transaksi dengan                                                                             Difference in transaction
             pihak nonpengendali                            4.269                 4.269                 with non-controlling interest
           Total                                          435.691               435.691                                               Total


      c.    Dividen dan cadangan umum                                      c.    Dividend and general reserve

            Dalam Rapat Umum Pemegang Saham                                      In the Shareholders’ Annual General Meetings of
            Tahunan Perusahaan yang berita acaranya                              the Company, the minutes of which was notarized
            diaktakan dengan Akta Notaris No. 17 tanggal                         under Notarial Deed No.17 dated May 15, 2024 of
            15 Mei 2024 dari Aulia Taufani, S.H., para                           Aulia Taufani, S.H., the shareholders agreed to
            pemegang      saham    menyetujui      untuk                         distribute cash dividends from net income from
            membagikan dividen kas dari laba neto tahun                          year 2023 amounting to Rp201,220.
            buku 2023 sebesar Rp201.220.

            Dalam Rapat Umum Pemegang Saham                                      In the Shareholders’ Annual General Meetings of
            Tahunan Perusahaan yang berita acaranya                              the Company, the minutes of which was notarized
            diaktakan dengan Akta Notaris No. 7 tanggal                          under Notarial Deed No. 7 dated June 6, 2023 of
            6 Juni 2023 dari Aulia Taufani, S.H., para                           Aulia Taufani, S.H., the shareholders agreed to
            pemegang      saham     menyetujui    untuk                          distribute cash dividends from net income from
            membagikan dividen kas dari laba neto tahun                          year 2022 amounting to Rp189,032. The
            buku 2022 sebesar Rp189.032. Para                                    shareholders       also  agreed      to  allocate
            pemegang saham juga menyetujui untuk                                 appropriation for general reserve so that the
            membentuk cadangan umum sehingga menjadi                             balance      becoming     Rp158,109      as    of
            Rp158.109 pada tanggal 31 Desember 2022.                             December 31, 2022. Such general reserve is
            Cadangan umum tersebut ditetapkan untuk                              appropriated to meet the requirement of the
            memenuhi ketentuan Undang-undang No. 40                              Limited Liability Company Law No. 40 of 2007, the
            Tahun 2007 tentang Perusahaan Terbatas yang                          use of which is in accordance with the Company’s
            penggunaannya sesuai dengan Anggaran                                 Articles of Association.
            Dasar Perusahaan.

      d.    Penghasilan komprehensif lain                                  d.    Other comprehensive income

            Mutasi penghasilan komprehensif lain (setelah                        The movements in other comprehensive income
            pajak penghasilan) adalah sebagai berikut:                           (net of income tax) are as follows:

                                                     31 Desember/     31 Desember/
                                                     December 31,     December 31,
                                                         2024            2023
           Saldo awal                                     (48.086)              (32.844)                           Beginning balance
           Penghasilan komprehensif lain                                                                  Other comprehensive income
             tahun berjalan                              (25.046 )              (15.242)                               for the year
           Saldo akhir                                    (73.132)              (48.086)                                 Ending balance



                                                                      96
582    PT ELNUSA Tbk Laporan Tahunan 2024
Page 585
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                      PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                             NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                As of December 31, 2024
        dan untuk Tahun yang Berakhir                                           and for the Year Then Ended
            pada Tanggal Tersebut                                             (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                           Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


26. KEPENTINGAN NONPENGENDALI                                    26. NON-CONTROLLING INTERESTS

   Kepentingan nonpengendali merupakan bagian                          Non-controlling interests represent the non-controlling
   pemegang saham nonpengendali atas ekuitas                           shareholders’ portion on equity of the following
   entitas anak sebagai berikut:                                       subsidiaries:
                                                  31 Desember/    31 Desember/
                                                  December 31,    December 31,
                                                      2024           2023
   PND                                                   4.218                  4.218                                               PND
   EFK                                                   1.054                  1.050                                               EFK
   ETSA                                                      1                      1                                              ETSA
   EPN                                                  (3.681)                (3.681)                                              EPN
   Total                                                 1.592                 1.588                                               Total




27. PENDAPATAN                                                   27. REVENUES

   Rincian pendapatan adalah sebagai berikut:                       The details of revenues are as follows:

                                                     Tahun yang Berakhir
                                                  pada Tanggal 31 Desember/
                                                   Year Ended December 31,

                                                     2024                2023
   Pihak ketiga:                                                                                                        Third parties:
      Penjualan barang dan jasa distribusi                                                  Sales of goods and energy distribution
        dan logistik energi                          1.489.552           1.949.589                      and logistics services
      Jasa hulu migas terintegrasi                     555.073             662.194       Integrated upstream oil and gas services
      Jasa penunjang migas                             334.327             281.453                    Oil and gas support services
                                                     2.378.952           2.893.236
   Pihak berelasi (Catatan 32i):                                                                           Related parties (Note 32i):
      Penjualan barang dan jasa distribusi                                                  Sales of goods and energy distribution
        dan logistik energi                          5.292.242           4.744.475                      and logistics services
      Jasa hulu migas terintegrasi                   4.508.328           3.563.614       Integrated upstream oil and gas services
      Jasa penunjang migas                           1.213.491           1.363.066                    Oil and gas support services
                                                    11.014.061           9.671.155
   Total                                            13.393.013         12.564.391                                                  Total


   Rincian penjualan kepada pelanggan dengan jumlah                    Details of sales to customers that make up more than
   lebih besar dari 10% pendapatan adalah sebagai                      10% of revenues are as follows:
   berikut:
                                                     Tahun yang Berakhir
                                                  pada Tanggal 31 Desember/
                                                   Year Ended December 31,
                                                                    Persentase dari total
                                                                   pendapatan/Percentage
                                      Pendapatan/Revenue              of total revenue
                                       2024           2023              2024             2023

   PT Pertamina Patra Niaga           5.000.748      4.553.742            37,3%             36,2%        PT Pertamina Patra Niaga
   PT Pertamina Hulu Indonesia        1.703.523      1.592.969            12,7%             12,7%      PT Pertamina Hulu Indonesia
   PT Pertamina EP                    1.509.892      1.359.492            11,3%             10,8%                 PT Pertamina EP
   Total                              8.214.163      7.506.203            61,3%             59,7%                                  Total




                                                                  97
                                                                                             2024 Annual Report PT ELNUSA Tbk           583
Page 586
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                              As of December 31, 2024
           dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
               pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


28. BEBAN POKOK PENDAPATAN                                        28. COST OF REVENUES

      Rincian beban pokok pendapatan adalah sebagai                     The details of cost of revenues are as follows:
      berikut:

                                                      Tahun yang Berakhir
                                                   pada Tanggal 31 Desember/
                                                    Year Ended December 31,

                                                     2024                2023
      Jasa subkontrak                                 3.434.639          3.220.236                            Sub-contract services
      Gaji, upah dan kesejahteraan karyawan           2.083.588          1.803.640          Salaries, wages and employee benefits
      Bahan bakar                                     1.164.298            913.925                                              Fuel
      Bahan pembantu yang digunakan                     750.500            682.509                        Additional materials used
      Penyusutan dan amortisasi                         646.960            609.012                    Depreciation and amortization
      Sewa                                              498.445            444.884                                              Rent
      Biaya tenaga alih daya                            371.168            296.815                           Outsourcing expenses
      Utilitas                                          199.365            162.693                                           Utilities
      Fasilitas kantor                                  193.164            161.564                                   Office facilities
      Mobilisasi dan demobilisasi                       150.075            163.913                  Mobilization and demobilization
      Transportasi dan perjalanan                       137.915            111.850                     Transportation and travelling
      Perlengkapan workshop                              89.800             74.504                               Workshop supplies
      Jasa profesional                                   82.842             55.121                             Professional service
      Perbaikan dan pemeliharaan                         60.807             33.297                        Repairs and maintenance
      Perizinan                                          58.614             65.230                                            Permit
      Representasi dan donasi                            41.769             34.793                     Representation and donation
      Asuransi                                           29.335             29.955                                        Insurance
      Pelatihan                                          22.931             13.593                                          Training
      Penalti project                                    15.552              9.147                                   Penalty project
      Perpajakan                                          6.331              5.501                                          Taxation
      Lain-lain (masing-masing di bawah Rp5.000)         20.949             15.912                    Others (each below Rp5,000)
      Subtotal                                      10.059.047           8.908.094                                             Sub-total
      Persediaan awal                                   286.242            234.332                              Beginning inventories
      Pembelian                                       2.073.628          2.538.505                                         Purchases
      Persediaan akhir                                 (350.802)          (286.242)                               Ending inventories
      Biaya persediaan                                2.009.068          2.486.595                                      Inventory costs
      Total                                         12.068.115          11.394.689                                                 Total


      Pembelian dari pemasok dengan jumlah lebih besar                  Purchases from vendor that make up more than 10%
      dari 10% pendapatan adalah dari PT Pertamina                      of revenues are arising from PT Pertamina Patra
      Patra Niaga sebesar Rp1.401.893 dan Rp2.468.544                   Niaga amounting to Rp1,401,893 and Rp2,468,544 for
      masing-masing untuk tahun yang berakhir pada                      the year ended December 31, 2024 and 2023,
      tanggal 31 Desember 2024 dan 2023.                                respectively.




                                                                   98
584    PT ELNUSA Tbk Laporan Tahunan 2024
Page 587
                                                                The original consolidated financial statements included herein are in the
                                                                                                                   Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                              As of December 31, 2024
        dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
            pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


29. BEBAN UMUM DAN ADMINISTRASI                               29. GENERAL AND ADMINISTRATIVE EXPENSES

   Rincian beban umum dan administrasi adalah                        The details of general and administrative expenses are
   sebagai berikut:                                                  as follows:

                                                   Tahun yang Berakhir
                                                pada Tanggal 31 Desember/
                                                 Year Ended December 31,

                                                  2024                2023
   Gaji, upah dan kesejahteraan karyawan            365.966             380.399          Salaries, wages and employee benefits
   Jasa teknik dan profesional                       50.553              30.130             Technical and professional services
   Transportasi dan perjalanan                       26.538              19.006                      Transportation and travelling
   Fasilitas kantor                                  19.714              17.790                                     Office facilities
   Sewa                                              16.396               9.626                                                Rent
   Office support                                    11.797               7.845                                     Office support
   Utilitas                                           7.282               9.210                                             Utilities
   Perizinan                                          4.488               2.455                                              Permit
   Penyisihan penurunan nilai                                                                            Allowance for impairment
      aset keuangan (Catatan 5)                       3.850               5.403                    of financial assets (Note 5)
   Penyusutan dan amortisasi                          2.210               3.107                    Depreciation and amortization
   Lain-lain (masing-masing di bawah Rp2.000)         6.215               7.517                     Others (each below Rp2,000)
   Total                                            515.009             492.488                                                 Total



30. BEBAN KEUANGAN                                            30. FINANCE EXPENSES

   Rincian beban keuangan adalah sebagai berikut:                    The details of finance expenses are as follows:
                                                   Tahun yang Berakhir
                                                pada Tanggal 31 Desember/
                                                 Year Ended December 31,

                                                  2024                2023
   Bunga sukuk                                       63.000              63.000                                  Interest on sukuk
   Bunga pinjaman                                    24.113              11.145                                    Interest on loan
   Biaya administrasi bank                           19.459              14.122                      Bank administration charges
   Bunga liabilitas sewa (Catatan 15)                15.017              26.501                   Interest lease liability (Note 15)
   Amortisasi biaya pinjaman                            200                 741                      Amortization of costs of loan
   (Laba) rugi                                                                                    (Gain) loss on foreign currency
      selisih kurs atas pinjaman                      2.806                  (288)                           exchange of loan

   Total                                            124.595             115.221                                                 Total



31. LAIN-LAIN - NETO                                          31. OTHERS - NET
                                                   Tahun yang Berakhir
                                                pada Tanggal 31 Desember/
                                                 Year Ended December 31,

                                                  2024                2023
   (Rugi) laba selisih kurs                                                                     (Loss) gain on foreign currency
     mata uang asing – neto                          18.291               (8.460)                            exchange - net
   Bagian laba dari entitas asosiasi                 15.502                7.596                 Equity income from associates
   Pemulihan cadangan                                                                      Reversal of allowance for impairment
     piutang usaha (Catatan 5)                        4.714              19.192                of trade receivables (Note 5)
   Lain-lain - neto (masing-masing
     di bawah Rp10.000)                              (11.055)             (1.216)    Miscellaneous - net (each below Rp10,000)

   Neto                                              27.452              17.112                                                   Net




                                                                99
                                                                                         2024 Annual Report PT ELNUSA Tbk            585
Page 588
                                                                       The original consolidated financial statements included herein are in the
                                                                                                                          Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                       PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                              NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                 As of December 31, 2024
           dan untuk Tahun yang Berakhir                                            and for the Year Then Ended
               pada Tanggal Tersebut                                              (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                            Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


32. INFORMASI              MENGENAI             PIHAK-PIHAK          32. RELATED PARTIES INFORMATION
    BERELASI

      Dalam kegiatan usaha normal, Grup melakukan                        In the normal course of business, the Group enters into
      transaksi dengan pihak-pihak berelasi. Entitas                     transactions with related parties. Entities are
      dianggap berelasi jika entitas tersebut, baik secara               considered to be related if the entity has the ability,
      langsung     maupun     tidak     langsung,    dapat               directly or indirectly, to control or jointly control or have
      mengendalikan atau mengendalikan bersama, atau                     significant influence over the Group in making financial
      memiliki pengaruh signifikan atas Grup dalam                       and operating decisions. Entities are also considered
      pengambilan keputusan keuangan dan operasional.                    to be related if they are under common control with the
      Entitas juga dianggap berelasi jika entitas tersebut               Group. Since the Company’s ultimate parent is the
      sepengendalian dengan Grup. Karena entitas induk                   Government of the Republic of Indonesia, the Group
      terakhir Perusahaan adalah Pemerintah Republik                     recognized       related     party      relationship      with
      Indonesia, Grup mengakui hubungan berelasi                         Government-related entities.
      dengan entitas berelasi dengan Pemerintah.

      Transaksi dan saldo dengan pihak-pihak berelasi                    Transactions and balances with related parties are as
      adalah sebagai berikut:                                            follows:

      a)    Kas dan setara kas (Catatan 4)                               a)    Cash and cash equivalents (Note 4)

                                                                           Persentase terhadap
                                                                         total aset/ Percentage to
                                                                                total assets
                                                                                     (%)

                                      31 Desember/     31 Desember/    31 Desember/ 31 Desember/
                                      December 31,     December 31,     December 31, December 31,
                                          2024             2023           2024           2023

           Bank                                                                                                            Cash in banks
           PT Bank Tabungan Negara                                                                              PT Bank Tabungan Negara
             (Persero) Tbk                 1.298.207      829.425              12,2                8,6                    (Persero) Tbk
           PT Bank Mandiri                                                                                                PT Bank Mandiri
             (Persero) Tbk                  383.518       277.088               3,6                2,9                    (Persero) Tbk
           PT Bank Rakyat Indonesia                                                                             PT Bank Rakyat Indonesia
             (Persero) Tbk                  216.435       100.184                2,0               1,0                   (Persero) Tbk
           PT Bank Negara Indonesia                                                                             PT Bank Negara Indonesia
             (Persero) Tbk                   85.730        92.055                0,8               0,9                   (Persero) Tbk
           PT Bank Syariah                                                                                               PT Bank Syariah
             Indonesia Tbk                   71.394         7.093                0,7               0,1                   Indonesia Tbk

           Subtotal                        2.055.284     1.305.845              19,3             13,5                               Sub-total

           Call deposit dan deposito                                                                              Call deposits and time
             berjangka                                                                                                        deposits
           PT Bank Tabungan Negara                                                                             PT Bank Tabungan Negara
             (Persero) Tbk                  435.000       140.000                4,1               1,5                  (Persero) Tbk
           PT Bank Mandiri                                                                                               PT Bank Mandiri
             (Persero) Tbk                  200.000              -               1,9                 -                   (Persero) Tbk
           PT Bank Pembangunan Daerah                                                                      PT Bank Pembangunan Daerah
             Jawa Barat dan Banten Tbk      100.000       100.000                0,9               1,0     Jawa Barat dan Banten Tbk
           PT Bank Syariah Indonesia Tbk     85.000       115.000                0,8               1,2     PT Bank Syariah Indonesia Tbk
           PT Bank Rakyat Indonesia                                                                            PT Bank Rakyat Indonesia
             (Persero) Tbk                   10.000       320.000                0,1               3,3                  (Persero) Tbk

           Subtotal                         830.000       675.000                7,8               7,0                              Sub-total

           Total                           2.885.284     1.980.845              27,1             20,5                                   Total




                                                                      100
586    PT ELNUSA Tbk Laporan Tahunan 2024
Page 589
                                                                          The original consolidated financial statements included herein are in the
                                                                                                                             Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                             PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                       As of December 31, 2024
        dan untuk Tahun yang Berakhir                                                  and for the Year Then Ended
            pada Tanggal Tersebut                                                    (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                                  Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


32. INFORMASI       MENGENAI                     PIHAK-PIHAK            32. RELATED PARTIES INFORMATION (continued)
    BERELASI (lanjutan)

   Transaksi dan saldo dengan pihak-pihak berelasi                          Transactions and balances with related parties are as
   adalah sebagai berikut: (lanjutan)                                       follows: (continued)

   b)    Piutang usaha (Catatan 5)                                          b)    Trade receivables (Note 5)

                                                                              Persentase terhadap
                                                                            total aset/Percentage to
                                                                                   total assets
                                                                                        (%)

                                     31 Desember/        31 Desember/    31 Desember/      31 Desember/
                                     December 31,        December 31,     December 31,     December 31,
                                        2024                  2023            2024             2023

        Difakturkan                                                                                                                    Billed
        PT Pertamina Patra Niaga             253.215          164.584               2,4               1,7          PT Pertamina Patra Niaga
        PT Pertamina EP                      234.233          180.730               2,2               1,9                  PT Pertamina EP
        PT Pertamina Hulu Indonesia          202.012          112.005               1,9               1,2       PT Pertamina Hulu Indonesia
        PT Pertamina Hulu Rokan               92.148           85.788               0,9               0,9          PT Pertamina Hulu Rokan
        PT Pertamina Hulu Energi              56.290           27.399               0,5               0,3          PT Pertamina Hulu Energi
        PT Perusahaan Gas Negara Tbk          45.792           32.130               0,4               0,3    PT Perusahaan Gas Negara Tbk
        PT Pertamina Lubricants               45.555            8.575               0,4               0,1           PT Pertamina Lubricants
        PT Pertamina (Persero)                24.654           34.942               0,2               0,4            PT Pertamina (Persero)
        PT Kilang Pertamina International     14.144              929               0,1               0,0   PT Kilang Pertamina International
        PT Perta Arun Gas                      5.422                -               0,1                 -                 PT Perta Arun Gas
        PT Pertamina Petrochemical                                                                              PT Pertamina Petrochemical
           Trading                              5.284           3.771               0,0               0,0                          Trading
        PT Pertamina Internasional EP           4.126           2.829               0,0               0,0      PT Pertamina Internasional EP
        PT Pertamina EP Cepu                    3.406             897               0,0               0,0             PT Pertamina EP Cepu
        Lain-lain (masing-masing
           dibawah 0,5% dari                                                                                      Others (each below 0.5% of
           modal disetor)                      20.142          19.084               0,2               0,2                    paid-in capital)

        Subtotal                            1.006.423         673.663               9,3               7,0                              Sub-total


        Belum difakturkan                                                                                                            Unbilled
        PT Pertamina Patra Niaga             566.186          977.715               5,3             10,2          PT Pertamina Patra Niaga
        PT Pertamina Hulu Energi             343.189          120.321               3,2              1,3           PT Pertamina Hulu Energi
        PT Pertamina Hulu Indonesia          305.786          273.269               2,9              2,8        PT Pertamina Hulu Indonesia
        PT Pertamina EP                      248.941          446.160               2,3              4,6                   PT Pertamina EP
        PT Pertamina Hulu Rokan              235.508          185.824               2,2              1,9           PT Pertamina Hulu Rokan
        PT Perusahaan Gas Negara Tbk          86.910           16.609               0,8              0,2     PT Perusahaan Gas Negara Tbk
        PT Pertamina Lubricants               59.114           43.893               0,6              0,5            PT Pertamina Lubricants
        PT Pertamina (Persero)                51.638           32.553               0,5              0,3             PT Pertamina (Persero)
        PT Kilang Pertamina                                                                                             PT Kilang Pertamina
           Internasional                        9.394          14.540               0,1               0,2                     Internasional
        PT Pertamina Drilling                                                                                          PT Pertamina Drilling
           Services Indonesia                   8.588           3.568               0,1               0,0             Services Indonesia
        PT Pertamina EP Cepu                    4.038           1.650               0,0               0,0            PT Pertamina EP Cepu
        Lain-lain (masing-masing
           dibawah 0,5% dari                                                                                      Others (each below 0.5% of
           modal disetor)                       9.325          23.257               0,1               0,2                   paid-in capital)

        Subtotal                            1.928.617       2.139.359              18,1             22,2                               Sub-total

        Total                               2.935.040       2.813.022              27,4             29,2                                 Total
        Penyisihan penurunan nilai            (18.760)        (19.049)             (0,2)            (0,2)            Allowance for impairment

        Neto                                2.916.280       2.793.973              27,2             29,0                                     Net




                                                                         101
                                                                                                   2024 Annual Report PT ELNUSA Tbk            587
Page 590
                                                                            The original consolidated financial statements included herein are in the
                                                                                                                               Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                            PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                      As of December 31, 2024
           dan untuk Tahun yang Berakhir                                                 and for the Year Then Ended
               pada Tanggal Tersebut                                                   (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                                 Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


32. INFORMASI       MENGENAI                     PIHAK-PIHAK              32. RELATED PARTIES INFORMATION (continued)
    BERELASI (lanjutan)

      Transaksi dan saldo dengan pihak-pihak berelasi                         Transactions and balances with related parties are as
      adalah sebagai berikut: (lanjutan)                                      follows: (continued)

      c)   Aset keuangan lancar lainnya (Catatan 6)                           c)    Other current financial assets (Note 6)
                                                                                Persentase terhadap
                                                                              total aset/Percentage to
                                                                                     total assets
                                                                                          (%)

                                         31 Desember/       31 Desember/     31 Desember/    31 Desember/
                                         December 31,       December 31,     December 31,    December 31,
                                             2024              2023             2024             2023

           Piutang sewa pembiayaan                                                                                 Finance lease receivables -
             - bagian lancar                                                                                                current portion
           PT Pertamina Patra Niaga            29.485            27.496               0,3               0,3           PT Pertamina Patra Niaga
           PT Pertamina Hulu Energi             8.943             8.111               0,1               0,1           PT Pertamina Hulu Energi
           PT Pertamina (Persero)                 472               840               0,0               0,0             PT Pertamina (Persero)
           Piutang lain-lain                                                                                                  Other receivables
           PT Pertamina EP                             -              7                  -              0,0                    PT Pertamina EP

           Kas yang dibatasi                                                                                                    Restricted cash
            penggunaannya
           PT Bank Rakyat Indonesia                                                                                  PT Bank Rakyat Indonesia
            (Persero) Tbk                       4.525                 -               0,0                   -                 (Persero) Tbk

           Total                               43.425            36.454               0,4               0,4                                  Total


      d)   Aset    keuangan           tidak    lancar       lainnya           d)    Other non-current financial assets (Note 10)
           (Catatan 10)
                                                                                Persentase terhadap
                                                                              total aset/Percentage to
                                                                                     total assets
                                                                                          (%)

                                        31 Desember/       31 Desember/    31 Desember/      31 Desember/
                                        December 31,       December 31,    December 31,      December 31,
                                           2024                2023            2024              2023

           Piutang sewa pembiayaan                                                                                 Finance lease receivables -
             - bagian tidak lancar                                                                                      non-current portion
           PT Pertamina Patra Niaga           228.883          261.243                2,2               2,7           PT Pertamina Patra Niaga
           PT Pertamina Hulu Energi               719            6.786                0,0               0,1           PT Pertamina Hulu Energi
           PT Pertamina (Persero)                   -              473                  -               0,0             PT Pertamina (Persero)

           Total                              229.602          268.502                2,2               2,8                                  Total


      e)   Pinjaman bank jangka pendek (Catatan 16)                           e)    Short-term bank loans (Note 16)
                                                                                 Persentase terhadap
                                                                           total liabilitas/Percentage to
                                                                                     total liabilities
                                                                                            (%)

                                        31 Desember/       31 Desember/     31 Desember/     31 Desember/
                                        December 31,       December 31,      December 31,    December 31,
                                           2024                2023             2024             2023

           PT Bank Mandiri                                                                                                      PT Bank Mandiri
            (Persero) Tbk                      44.872            37.507               0,8               0,7                      (Persero) Tbk




                                                                           102
588    PT ELNUSA Tbk Laporan Tahunan 2024
Page 591
                                                                        The original consolidated financial statements included herein are in the
                                                                                                                           Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                            PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                   NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                           FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                      As of December 31, 2024
        dan untuk Tahun yang Berakhir                                                 and for the Year Then Ended
            pada Tanggal Tersebut                                                   (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                                 Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


32. INFORMASI       MENGENAI                   PIHAK-PIHAK            32. RELATED PARTIES INFORMATION (continued)
    BERELASI (lanjutan)

   Transaksi dan saldo dengan pihak-pihak berelasi                        Transactions and balances with related parties are as
   adalah sebagai berikut: (lanjutan)                                     follows: (continued)

   f)    Utang usaha (Catatan 17)                                         f)     Trade payables (Note 17)
                                                                             Persentase terhadap
                                                                       total liabilitas/Percentage to
                                                                                 total liabilities
                                                                                        (%)

                                      31 Desember/     31 Desember/    31 Desember/       31 Desember/
                                      December 31,     December 31,     December 31,      December 31,
                                         2024              2023            2024               2023

        PT Kilang Pertamina                                                                                              PT Kilang Pertamina
           Internasional                  110.103                 -               1,9                   -                     Internasional
        PT Bank Rakyat Indonesia                                                                                  PT Bank Rakyat Indonesia
           (Persero) Tbk                  109.001          107.145                1,9               2,1                      (Persero) Tbk
        PT Pertamina Patra Niaga          108.486          160.719                1,9               3,1            PT Pertamina Patra Niaga
        PT Bank Mandiri (Persero) Tbk      79.121           26.931                1,4               0,5       PT Bank Mandiri (Persero) Tbk
        PT Asuransi Tugu Pratama                                                                                  PT Asuransi Tugu Pratama
           Indonesia Tbk                   21.197             7.454               0,4               0,1                     Indonesia Tbk
        PT Pertamina Lubricants            16.833             6.278               0,3               0,1             PT Pertamina Lubricants
        PT Dahana (Persero)                10.497            21.327               0,2               0,4                 PT Dahana (Persero)
        PT Pertamina Retail                 9.218            12.118               0,1               0,2                  PT Pertamina Retail
        PT Pertamina Drilling                                                                                           PT Pertamina Drilling
           Services Indonesia               4.736                 -               0,1                   -             Services Indonesia
        Pertamina International Marketing                                                                   Pertamina International Marketing
           & Distribution Pte.Ltd               -            71.636                   -             1,4                 & Distribution Pte.Ltd
        Lain-lain (masing-masing
           di bawah 0,5% dari                                                                                     Others (each below 0.5% of
           modal disetor)                  13.540            20.578               0,2               0,3                     paid-in capital)

        Total                              482.732         434.186                8,4               8,2                                  Total


   g)    Pendapatan ditangguhkan (Catatan 23)                             g)     Deferred income (Note 23)
                                                                             Persentase terhadap
                                                                       total liabilitas/Percentage to
                                                                                 total liabilities
                                                                                        (%)

                                      31 Desember/     31 Desember/    31 Desember/       31 Desember/
                                      December 31,     December 31,     December 31,      December 31,
                                         2024              2023            2024               2023


        PT Pertamina Patra Niaga             48.150          58.850               0,8               1,1            PT Pertamina Patra Niaga


   h)    Kompensasi personil manajemen kunci                              h)     Key management personnel compensation

                                                         Tahun yang Berakhir
                                                      pada Tanggal 31 Desember/
                                                       Year Ended December 31,

                                                         2024                  2023
        Imbalan kerja jangka pendek                         64.721               64.426                         Short-term employee benefits
        Pesangon pemutusan kerja                             8.163                1.846                                  Termination benefits

        Total                                               72.884               66.272                                                  Total




                                                                      103
                                                                                                 2024 Annual Report PT ELNUSA Tbk            589
Page 592
                                                                           The original consolidated financial statements included herein are in the
                                                                                                                              Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                             PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                    NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                            FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                       As of December 31, 2024
           dan untuk Tahun yang Berakhir                                                  and for the Year Then Ended
               pada Tanggal Tersebut                                                    (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                                  Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


32. INFORMASI       MENGENAI                          PIHAK-PIHAK        32. RELATED PARTIES INFORMATION (continued)
    BERELASI (lanjutan)

      Transaksi dan saldo dengan pihak-pihak berelasi                        Transactions and balances with related parties are as
      adalah sebagai berikut: (lanjutan)                                     follows: (continued)

      i)      Pendapatan (Catatan 27)                                        i)      Revenues (Note 27)
                                                                                  Persentase terhadap
                                                                                   total pendapatan/
                                                                                     Percentage to
                                                                                     total revenues
                                                                                            (%)

                                                  Tahun yang Berakhir pada Tanggal 31 Desember/
                                                           Year Ended December 31,
                                               2024          2023              2024             2023

             PT Pertamina Patra Niaga          5.000.748     4.553.742                37,3              36,2        PT Pertamina Patra Niaga
             PT Pertamina Hulu Indonesia       1.703.523     1.592.969                12,7              12,7     PT Pertamina Hulu Indonesia
             PT Pertamina EP                   1.509.892     1.359.492                11,3              10,8                 PT Pertamina EP
             PT Pertamina Hulu Energi          1.192.924       542.415                 8,9               4,3        PT Pertamina Hulu Energi
             PT Pertamina Hulu Rokan             814.161       998.662                 6,1               7,9        PT Pertamina Hulu Rokan
             PT Perusahaan Gas                                                                                            PT Perusahaan Gas
                Negara Tbk                      293.195        216.717                 2,2               1,7                   Negara Tbk
             PT Pertamina (Persero)             185.518        178.611                 1,4               1,4           PT Pertamina (Persero)
             PT Pertamina Lubricants            164.003        113.840                 1,2               0,9         PT Pertamina Lubricants
             PT Kilang Pertamina                                                                                         PT Kilang Pertamina
                Internasional                    26.199         29.848                 0,2               0,2                  Internasional
             PT Pertamina EP Cepu                26.110          6.764                 0,2               0,1           PT Pertamina EP Cepu
             PT Pertamina Petrochemical                                                                           PT Pertamina Petrochemical
                Trading                          22.137         23.578                 0,2               0,2                        Trading
             PT Pertamina Trans Kontinental      18.597         10.223                 0,1               0,1   PT Pertamina Trans Kontinental
             PT Pertamina Internasional EP       11.965          4.127                 0,1               0,0    PT Pertamina Internasional EP
             PT Pertamina Drilling                                                                                       PT Pertamina Drilling
                Services Indonesia                 8.361         5.677                 0,1               0,0            Services Indonesia
             SKK Migas                             7.208         7.344                 0,1               0,1                        SKK Migas
             PT Pertamina Power                                                                                          PT Pertamina Power
                Indonesia                          5.951         8.653                 0,0               0,1                     Indonesia
             PT Perta Arun Gas                     4.885             -                 0,0                 -               PT Perta Arun Gas
             PT Pertamina International                                                                            PT Pertamina International
                Shipping                           4.096         2.774                 0,0               0,0                       Shipping
             Lain-lain (masing-masing
                di bawah 0,5% dari                                                                                 Others (each below 0.5% of
                modal disetor)                   14.588         15.719                 0,1               0,1                 paid-in capital)

             Total                            11.014.061     9.671.155                82,2              76,8                                Total


      j)      Pembelian dan beban pokok pendapatan                           j)      Purchases and cost of revenues (Note 28)
              (Catatan 28)
                                                                          Persentase terhadap total
                                                                          beban pokok pendapatan/
                                                                                  Percentage to
                                                                              total cost of revenues
                                                                                        (%)

                                                  Tahun yang Berakhir pada Tanggal 31 Desember/
                                                           Year Ended December 31,

                                               2024          2023              2024             2023

             PT Pertamina Patra Niaga          1.401.893     2.468.544                11,6              21,7         PT Pertamina Patra Niaga
             Koperasi Karyawan Elnusa            726.244       638.525                 6,0               5,6         Koperasi Karyawan Elnusa
             PT Kilang Pertamina                                                                                          PT Kilang Pertamina
               Internasional                     356.621       200.190                 3,0               1,8                    Internasional
             Pertamina International                                                                                    Pertamina International
               Marketing & Distribution Pte.Ltd 73.195          70.783                 0,6               0,6 Marketing & Distribution Pte.Ltd
             PT Asuransi Tugu Pratama                                                                               PT Asuransi Tugu Pratama
               Indonesia Tbk                      23.772        15.237                 0,2               0,1                   Indonesia Tbk

                                                                         104
590        PT ELNUSA Tbk Laporan Tahunan 2024
Page 593
                                                                                The original consolidated financial statements included herein are in the
                                                                                                                                   Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                                  FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                             As of December 31, 2024
        dan untuk Tahun yang Berakhir                                                        and for the Year Then Ended
            pada Tanggal Tersebut                                                          (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                                        Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


32. INFORMASI       MENGENAI                          PIHAK-PIHAK            32. RELATED PARTIES INFORMATION (continued)
    BERELASI (lanjutan)

   Transaksi dan saldo dengan pihak-pihak berelasi                                Transactions and balances with related parties are as
   adalah sebagai berikut: (lanjutan)                                             follows: (continued)

   j)    Pembelian dan beban pokok pendapatan                                     j)    Purchases and cost of revenues (Note 28)
         (Catatan 28) (lanjutan)                                                        (continued)
                                                                              Persentase terhadap total
                                                                              beban pokok pendapatan/
                                                                                      Percentage to
                                                                                  total cost of revenues
                                                                                            (%)

                                                 Tahun yang Berakhir pada Tanggal 31 Desember/
                                                          Year Ended December 31,

                                               2024             2023               2024              2023

        PT Pertamina Lubricants                 23.453             22.247                  0,2               0,2           PT Pertamina Lubricants
        PT Pertamina Retail                     10.127             10.554                  0,1               0,1               PT Pertamina Retail
        PT Pertamina Bina Medika                 8.822              8.127                  0,1               0,1          PT Pertamina Bina Medika
        PT Pertamina Training                                                                                                PT Pertamina Training
           & Consulting                           8.525              5.880                 0,1               0,1                   & Consulting
        PT Patra Jasa                             3.377              2.774                 0,0               0,0                      PT Patra Jasa
        Lain-lain (masing-masing
           di bawah 0,5% dari                                                                                            Others (each below 0.5% of
           modal disetor)                             879            2.049                 0,0               0,0                   paid-in capital)

        Total                              2.636.908            3.444.910                 21,9              30,3                                 Total


   Ringkasan sifat hubungan dan transaksi yang                                    Summary of the nature of the relationship and
   signifikan dengan pihak-pihak berelasi adalah                                  significant transactions with related parties are as
   sebagai berikut:                                                               follows:
   Sifat hubungan/                                     Pihak-pihak berelasi/                                Sifat transaksi/
   Nature of relationship                              Related parties                                      Nature of transaction
   Entitas induk PT Pertamina Hulu Energi/             PT Pertamina (Persero)                               Penjualan barang dan jasa dan pembelian
   Parent entity of PT Pertamina Hulu Energi                                                                barang dagangan/
                                                                                                            Sales of goods and services and purchases
                                                                                                            of merchandise inventories

   Entitas induk/                                      PT Pertamina Hulu Energi                             Penjualan jasa/
   Parent entity                                                                                            Sales of services

   Entitas sepengendali/                               PT Pertamina EP                                      Penjualan jasa/
   Entity under common control                                                                              Sales of services

                                                       PT Pertamina Hulu Indonesia                          Penjualan jasa/
                                                                                                            Sales of services
                                                       PT Pertamina Drilling Services Indonesia             Penjualan jasa/
                                                                                                            Sales of services
                                                       PT Pertamina EP Cepu                                 Penjualan jasa/
                                                                                                            Sales of services
                                                       PT Pertamina Hulu Rokan                              Penjualan jasa/
                                                                                                            Sales of services
                                                       PT Pertamina Gas                                     Penjualan barang dan jasa/
                                                                                                            Sales of goods and services
                                                       PT Pertamina Geothermal Energy Tbk                   Penjualan jasa/
                                                                                                            Sales of services
                                                       PT Pertamina Lubricants                              Penjualan barang dan jasa dan pembelian
                                                                                                            barang dagangan/
                                                                                                            Sales of goods and services and
                                                                                                            purchases of merchandise
                                                       PT Nusantara Regas                                   Penjualan jasa/
                                                                                                            Sales of services

                                                                             105
                                                                                                         2024 Annual Report PT ELNUSA Tbk            591
Page 594
                                                                         The original consolidated financial statements included herein are in the
                                                                                                                            Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                        PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                               NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                  As of December 31, 2024
           dan untuk Tahun yang Berakhir                                             and for the Year Then Ended
               pada Tanggal Tersebut                                               (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                             Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


32. INFORMASI       MENGENAI                    PIHAK-PIHAK            32. RELATED PARTIES INFORMATION (continued)
    BERELASI (lanjutan)

      Ringkasan sifat hubungan dan transaksi yang                           Summary of the nature of the relationship and
      signifikan dengan pihak-pihak berelasi adalah                         significant transactions with related parties are as
      sebagai berikut: (lanjutan)                                           follows: (continued)

      Sifat hubungan/                            Pihak-pihak berelasi/                             Sifat transaksi/
      Nature of relationship                     Related parties                                   Nature of transaction
      Entitas sepengendali (lanjutan)/           PT Asuransi Tugu Pratama Indonesia Tbk            Pembelian jasa asuransi/
      Entity under common control (continued)                                                      Purchases of insurance
                                                                                                   services
                                                 PT Perusahaan Gas Negara Tbk                      Penjualan jasa/
                                                                                                   Sales of services

                                                 PT Pertamina Retail                               Pembelian barang dagangan/
                                                                                                   Purchases of merchandise
                                                                                                   inventories
                                                 PT Pertamina Patra Niaga                          Pembelian barang dagangan/
                                                                                                   Purchases of merchandise
                                                                                                   inventories
                                                 PT Pertamina Trans Kontinental                    Pembelian jasa sewa/
                                                                                                   Purchases of rental services
                                                 PT Patra Jasa                                     Penjualan jasa/
                                                                                                   Sales of services
                                                 PT Kilang Pertamina Internasional                 Penjualan barang dan pembelian barang
                                                                                                   dagangan/
                                                                                                   Sales of goods and
                                                                                                   purchases of merchandise
                                                 PT Pertamina Power Indonesia                      Penjualan jasa/
                                                                                                   Sales of services
                                                 PT Pertamina Petrochemical Trading                Penjualan jasa/
                                                                                                   Sales of services
                                                 Pertamina International Marketing &               Pembelian barang dagangan/
                                                 Distribution Pte. Ltd.                            Purchases of merchandise
                                                                                                   inventories

                                                 PT Pertamina Training & Consulting                Penjualan jasa/
                                                                                                   Sales of services
                                                 PT Pertamina Bina Medika                          Pembelian jasa pelayanan Kesehatan/
                                                                                                   Purchases of health services
                                                 PT Pertamina Shipping                             Penjualan jasa/
                                                                                                   Sales of services
                                                 PT Patra Trading                                  Pembelian barang dagangan/
                                                                                                   Purchases of merchandise
                                                                                                   Inventories
                                                 PT Perta Arun Gas                                 Regasifikasi LNG/
                                                                                                   LNG Regasification
                                                 PT Pertamina Internasional EP                     Penjualan jasa/
                                                                                                   Sales of services
      Entitas berelasi dengan pemerintah/        PT Bank Negara Indonesia (Persero) Tbk            Jasa perbankan/
      Government-related entity                                                                    Banking services
                                                 PT Bank Rakyat Indonesia                          Jasa perbankan/
                                                 (Persero) Tbk                                     Banking services
                                                 PT Bank Tabungan Negara                           Jasa perbankan/
                                                 (Persero) Tbk                                     Banking services
                                                 PT Bank Syariah Indonesia Tbk                     Jasa perbankan/
                                                                                                   Banking services
                                                 PT Bank Mandiri (Persero) Tbk                     Jasa perbankan/
                                                                                                   Banking services
                                                 PT Bank Pembangunan Daerah Jawa Barat             Jasa perbankan/
                                                 dan Banten Tbk                                    Banking services




                                                                       106
592     PT ELNUSA Tbk Laporan Tahunan 2024
Page 595
                                                                          The original consolidated financial statements included herein are in the
                                                                                                                             Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                              PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                     NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                             FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                        As of December 31, 2024
        dan untuk Tahun yang Berakhir                                                   and for the Year Then Ended
            pada Tanggal Tersebut                                                     (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                                   Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


32. INFORMASI       MENGENAI                        PIHAK-PIHAK        32. RELATED PARTIES INFORMATION (continued)
    BERELASI (lanjutan)

   Ringkasan sifat hubungan dan transaksi yang                               Summary of the nature of the relationship and
   signifikan dengan pihak-pihak berelasi adalah                             significant transactions with related parties are as
   sebagai berikut: (lanjutan)                                               follows: (continued)

   Sifat hubungan/                                   Pihak-pihak berelasi/                          Sifat transaksi/
   Nature of relationship                            Related parties                                Nature of transaction
   Entitas berelasi dengan pemerintah (lanjutan)/    Satuan Kerja Khusus Pelaksana Kegiatan         Penjualan jasa/
   Government-related entity (continued)             Usaha Hulu Minyak dan Gas Bumi (SKK            Sales of services
                                                     Migas)
                                                     PT Dahana (Persero)                            Pembelian barang proyek/
                                                                                                    Purchases of inventories
                                                                                                    for projects

   Manajemen kunci yang sama/                        Koperasi Karyawan Elnusa                       Jasa sewa dan alih daya/
   Common key management                                                                            Rental and outsourcing services




33. PERJANJIAN PENTING,                    KOMITMEN           DAN      33. SIGNIFICANT AGREEMENTS,                          COMMITMENTS
    KONTINJENSI                                                            AND CONTINGENCIES

   a.    Perkara hukum                                                       a.    Legal case

         PT Bank Mega Tbk (Catatan 10)                                             PT Bank Mega Tbk (Note 10)

         Pada tanggal 18 Mei 2011, Perusahaan                                      On May 18, 2011, the Company filed a civil lawsuit
         mengajukan      gugatan     perdata    melalui                            with the South Jakarta District Court against
         Pengadilan Negeri Jakarta Selatan kepada                                  PT Bank Mega Tbk (“Bank Mega”) on liquidation
         PT Bank Mega Tbk (“Bank Mega”) atas                                       of        deposits         worth       Rp111,000
         pencairan deposito senilai Rp111.000 yang                                 without the consent of the Company.
         dilakukan tanpa persetujuan Perusahaan.                                   The lawsuit was registered in Case
         Gugatan     ini  terdaftar   dalam    Perkara                             No.        284/Pdt.G/2011/PN.Jkt.Sel.            On
         No. 284/Pdt.G/2011/PN.Jkt.Sel. Pada tanggal                               July 21, 2011, the Panel of Judges of the South
         21 Juli 2011, Majelis Hakim Pengadilan Negeri                             Jakarta District Court issued an order of collateral
         Jakarta Selatan mengeluarkan penetapan sita                               foreclosure on 2 (two) plots of land owned by
         jaminan atas 2 (dua) bidang tanah milik Bank                              Bank Mega based on the following certificates:
         Mega berdasarkan sertifikat sebagai berikut:

         i.    Sertifikat Hak Guna Bangunan (“HGB”) No.                            i.    Building Rights Title (“HGB”) Certificate
               95/Mampang Prapatan, Jakarta Selatan,                                     No. 95/Mampang Prapatan, South Jakarta,
               tercatat atas nama PT Bank Mega Tbk;                                      registered under the name of PT Bank Mega
                                                                                         Tbk;
         ii.   Sertifikat HGB No. 97/Mampang Prapatan,                             ii.   HGB Certificate No. 97/Mampang Prapatan,
               Jakarta Selatan, tercatat atas nama                                       South Jakarta, registered under the name of
               PT Bank Mega Tbk.                                                         PT Bank Mega Tbk.

         Pada tanggal 22 Maret 2012, Pengadilan                                    On March 22, 2012, the South Jakarta
         Negeri Jakarta Selatan mengeluarkan Putusan                               District        Court      issued      Verdict
         No. 284/Pdt.G/2011/PN.Jkt.Sel yang isinya,                                No. 284/Pdt.G/2011/PN.Jkt.Sel, the decision of
         antara lain, mengabulkan gugatan Perusahaan                               which, among others, partially accepted the
         untuk sebagian dan memerintahkan Bank Mega                                lawsuit filed by the Company and ordered Bank
         untuk membayar dana deposito senilai                                      Mega to pay the deposits fund amounting to
         Rp111.000 dan bunga 6% per tahun kepada                                   Rp111,000 and interest of 6% per annum to the
         Perusahaan (“Putusan Pengadilan Negeri”).                                 Company (“District Court Decision”).




                                                                        107
                                                                                                   2024 Annual Report PT ELNUSA Tbk            593
Page 596
                                                            The original consolidated financial statements included herein are in the
                                                                                                               Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                            PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                           FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                      As of December 31, 2024
           dan untuk Tahun yang Berakhir                                 and for the Year Then Ended
               pada Tanggal Tersebut                                   (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                 Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


33. PERJANJIAN PENTING,              KOMITMEN      DAN     33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                     AND CONTINGENCIES (continued)

      a.   Perkara hukum (lanjutan)                           a.    Legal case (continued)

           PT Bank Mega Tbk (Catatan 10) (lanjutan)                 PT Bank Mega Tbk (Note 10) (continued)

           Atas Putusan Pengadilan Negeri tersebut, pada            Responding the District Court Decision, on April
           tanggal 16 April 2012, Bank Mega mengajukan              16, 2012, Bank Mega filed a Memorandum of
           Memori Banding kepada Pengadilan Tinggi DKI              Appeal to the Jakarta High Court. On May 11,
           Jakarta. Pada tanggal 11 Mei 2012,                       2012, the Company submitted its Counter-
           Perusahaan menyampaikan Kontra Memori                    Memorandum of Appeal to the Jakarta High
           Banding kepada Pengadilan Tinggi DKI Jakarta.            Court.

           Pada tanggal 5 Februari 2013, Pengadilan                 On February 5, 2013, the Jakarta High Court
           Tinggi DKI Jakarta mengeluarkan Putusan                  issued Verdict No. 237/Pdt/2012/PT.DKI dated
           No.      237/Pdt/2012/PT.DKI    tertanggal               January 10, 2013, which reaffirmed the verdict
           10 Januari 2013 yang isinya menguatkan                   issued by the South Jakarta District Court which
           putusan Pengadilan Negeri Jakarta Selatan                ordered Bank Mega to pay the deposits fund
           yang memerintahkan Bank Mega untuk                       amounting to Rp111,000 and interest of 6% per
           membayar dana deposito senilai Rp111.000                 annum to the Company (“Appeal Decision”).
           dan bunga 6% per tahun kepada Perusahaan
           (“Putusan Banding”).

           Atas Putusan Banding tersebut, pada tanggal              Responding to the Appeal Decision, on
           26 Februari 2013, Bank Mega mengajukan                   February 26, 2013,    Bank    Mega     filed  a
           Memori Kasasi kepada Mahkamah Agung                      Memorandum of Cassation to the Supreme Court
           Republik     Indonesia     (“MA”)     yang               of the Republic of Indonesia (the “Supreme
           pemberitahuannya diterima oleh Perusahaan                Court”) of which the notice was received by the
           pada tanggal 13 Maret 2013. Pada tanggal                 Company on March 13, 2013. On March 26, 2013,
           26 Maret 2013, Perusahaan menyampaikan                   the    Company      submitted    its   Counter-
           Kontra Memori Kasasi kepada MA.                          Memorandum of Cassation to the Supreme Court.

           Pada tanggal 8 Januari 2015, Perusahaan                  On January 8, 2015, the Company received the
           menerima Surat Pemberitahuan Isi Putusan                 Verdict Notification Letter from the Supreme Court
           Kasasi MA No. 1111 K/Pdt/2013 tertanggal                 No. 1111 K/Pdt/2013 dated February 12, 2014,
           12 Februari 2014 yang isinya menolak                     which rejected the cassation filed by Bank Mega.
           permohonan kasasi Bank Mega. Dengan                      As such, the Supreme Court has reaffirmed the
           demikian, MA telah menguatkan putusan                    verdicts issued by the Jakarta High Court and the
           Pengadilan Tinggi DKI Jakarta dan Pengadilan             South Jakarta District Court which ordered Bank
           Negeri Jakarta Selatan yang memerintahkan                Mega to pay the deposits fund amounting to
           Bank Mega untuk membayar dana deposito                   Rp111,000 and interest of 6% per annum to the
           senilai Rp111.000 dan bunga 6% per tahun                 Company (“Cassation Decision”).
           kepada Perusahaan (“Putusan Kasasi”).

           Atas Putusan Kasasi tersebut, pada tanggal               Responding to the Cassation Decision, on
           25 Maret 2015, Bank Mega mengajukan                      March 25th, 2015, Bank Mega filed a
           Memori Peninjauan Kembali (“PK”) kepada MA.              Memorandum of Judicial Review to the Supreme
           Pada tanggal 25 Mei 2015, Perusahaan                     Court. On May 25, 2015, the Company submitted
           menyampaikan Kontra Memori PK kepada MA.                 its Counter-Memorandum of Judicial Review to
                                                                    the Supreme Court.




                                                           108
594    PT ELNUSA Tbk Laporan Tahunan 2024
Page 597
                                                           The original consolidated financial statements included herein are in the
                                                                                                              Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                              PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                             FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                        As of December 31, 2024
        dan untuk Tahun yang Berakhir                                   and for the Year Then Ended
            pada Tanggal Tersebut                                     (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                   Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


33. PERJANJIAN PENTING,           KOMITMEN       DAN      33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                    AND CONTINGENCIES (continued)

   a.   Perkara hukum (lanjutan)                             a.    Legal case (continued)

        PT Bank Mega Tbk (Catatan 10) (lanjutan)                   PT Bank Mega Tbk (Note 10) (continued)


        Berdasarkan Putusan Mahkamah Agung                         Based on Supreme Court verdict No.
        Republik Indonesia No. 472/PK/PDT/2015                     472/PK/PDT/2015 dated on December 30, 2015,
        tanggal 30 Desember 2015, Mahkamah Agung                   Supreme Court of Indonesia rejected the
        Republik Indonesia menolak permohonan                      aplication of Judicial Review from Bank Mega
        Peninjauan Kembali dari Bank Mega (“hasil                  (“Judicial Review results”).
        Peninjauan Kembali”)

        Perusahaan mengajukan permohonan eksekusi                  The Company filed a request for executionary
        atas 2 (dua) bidang tanah milik Bank Mega yang             auction on 2 (two) plots of land owned by Bank
        telah ditetapkan sebagai sita jaminan dalam                Mega which have been determined as collateral
        perkara ini kepada Pengadilan Negeri Jakarta               foreclosure in this case to the South Jakarta
        Selatan.      Ketua     Pengadilan      Negeri             District    Court.    The    Head    of   South
        Jakarta Selatan kemudian menerbitkan                       Jakarta      District   Court    then    issued
        Penetapan       No.     10/Eks.Pdt/2016     jo.            Order        No.        10/Eks.Pdt/2016       jo.
        No.     284/Pdt.G/2011/PN.Jkt.Sel tertanggal               No.        284/Pdt.G/2011/PN.Jkt.Sel      dated
        12    April    2016    yang      memerintahkan             April 12, 2016 which ordered the execution of on
        pelaksanaan eksekusi atas aset-aset sita                   such collateral assets.
        jaminan tersebut.

        Pada tanggal 17 Maret 2016, Bank Mega                      On March 17, 2016, Bank Mega filed a counter-
        mengajukan gugatan perlawanan atas Putusan                 lawsuit against the District Court Decision, Appeal
        Pengadilan Negeri, Putusan Banding, Putusan                Decision and Cassation Decision to South Jakarta
        Kasasi yang didaftarkan kepada Pengadilan                  District Court, and registered in Case No.
        Negeri Jakarta Selatan dalam Perkara No.                   162/Pdt.G/2016/PN.Jkt.Sel. On September 13,
        162/Pdt.G/2016/PN.Jkt.Sel. Pada tanggal 13                 2017, South Jakarta District Court rejected to
        September 2017, Pengadilan Negeri Jakarta                  grant the counter-lawsuit.
        Selatan menolak gugatan perlawanan tersebut.

        Pada tanggal 26 Desember 2022, Bank Mega                   On December 26, 2022, Bank Mega then
        kemudian mengajukan banding atas putusan                   appealed the decision to the DKI Jakarta High
        tersebut kepada Pengadilan Tinggi DKI Jakarta,             Court, which then issued Decision No.
        yang kemudian mengeluarkan Putusan No.                     127/PDT/2023/PT-DKI dated March 20, 2023,
        127/PDT/2023/PT-DKI tanggal 20 Maret 2023                  which    upheld   the    Decision   in   case
        yang      menguatkan     Putusan      perkara              162/Pdt.G/2016/PN.Jkt.Sel dated September 13,
        162/Pdt.G/2016/PN.Jkt.Sel     tanggal      13              2017.
        September 2017.

        Pada tanggal 26 Desember 2022, Bank Mega                   On December 26, 2022, Bank Mega then
        kemudian mengajukan banding atas putusan                   appealed the decision to the DKI Jakarta High
        tersebut kepada Pengadilan Tinggi DKI Jakarta,             Court, which then issued Decision No.
        yang kemudian mengeluarkan Putusan No.                     127/PDT/2023/PT-DKI dated March 20, 2023,
        127/PDT/2023/PT-DKI tanggal 20 Maret 2023                  which    upheld   the    Decision   in   case
        yang      menguatkan     Putusan      perkara              162/Pdt.G/2016/PN.Jkt.Sel dated September 13,
        162/Pdt.G/2016/PN.Jkt.Sel     tanggal      13              2017.
        September 2017.




                                                          109
                                                                                    2024 Annual Report PT ELNUSA Tbk            595
Page 598
                                                              The original consolidated financial statements included herein are in the
                                                                                                                 Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                              PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                             FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                        As of December 31, 2024
           dan untuk Tahun yang Berakhir                                   and for the Year Then Ended
               pada Tanggal Tersebut                                     (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                   Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


33. PERJANJIAN PENTING,              KOMITMEN        DAN     33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                       AND CONTINGENCIES (continued)

      a.   Perkara hukum (lanjutan)                             a.    Legal case (continued)

           PT Bank Mega Tbk (Catatan 10) (lanjutan)                   PT Bank Mega Tbk (Note 10) (continued)

           Pada tanggal 27 Juni 2023, Bank Mega                       On June 27, 2023, Bank Mega then filed an
           kemudian mengajukan Kasasi atas putusan                    Cassation against the decision to the Supreme
           tersebut kepada Mahkamah Agung, yang                       Court, which then issued Decision No. 2116
           kemudian mengeluarkan Putusan No. 2116                     K/Pdt/2024 dated July 25, 2024, which rejected
           K/Pdt/2024 tanggal 25 Juli 2024 yang menolak               Bank Mega's appeal.
           permohonan Kasasi Bank Mega.

           Pada tanggal 7 Mei 2024, Perusahaan dan                    On May 7, 2024, the Company and Bank Mega
           Bank Mega menandatangani Perjanjian                        signed Peace Agreement and Fulfillment of Court
           Perdamaian     dan   Pemenuhan    Putusan                  Decisions between the Company and Bank Mega
           Pengadilan antara Perusahaan dengan Bank                   was carried out, where it was agreed that Bank
           Mega, dimana disepakati bahwa Bank Mega                    Mega would implement the decision by making
           akan     melaksanakan   putusan    dengan                  cash payments and at once to the Company of the
           melakukan pembayaran secara tunai dan                      principal deposit of Rp111,000 and net interest of
           sekaligus kepada Perusahaan pokok deposito                 Rp69,147. The company also agreed to submit a
           sebesar Rp111.000 dan bunga neto sebesar                   letter of cancellation of the execution of the
           Rp69.147. Perusahaan juga setuju untuk                     auction verdict and submit a letter of application
           mengajukan surat pembatalan eksekusi lelang                for the revocation or removal of the collateral
           putusan dan mengajukan surat permohonan                    seizure on the two plots of land above to the Head
           pencabutan atau pengangkatan sita jaminan                  of the South Jakarta District Court, and submit a
           atas dua bidang tanah diatas kepada Ketua                  copy of the decision to Bank Mega.
           Pengadilan Negeri Jakarta Selatan, serta
           menyerahkan salinan penetapannya kepada
           Bank Mega.

           Pada tanggal 7 Mei 2024, Perusahaan telah                  On May 7 2024, the Company received the time
           menerima pokok deposito dan bunga secara                   deposit and its interest in cash at whole.
           tunai dan sekaligus.

           Pada tanggal 14 Mei 2024, Perusahaan telah                 On May 14, 2024, the Company has filed a
           mengajukan pencabutan penetapan eksekusi                   request for the revocation of the execution order
           dan telah menerima penetapan pencabutan                    and has received the order for the lifting of the
           eksekusi tersebut pada tanggal 16 Juli 2024 dan            collaterals execution on July 16, 2024 and July 22,
           22 Juli 2024.                                              2024.

           Dengan      penandatanganan        Perjanjian              With the signing of the Peace Agreement,
           Perdamaian, pemenuhan putusan pengadilan,                  fulfillment of the court decision, and revocation of
           serta pencabutan penetapan eksekusi, maka                  the execution order, the legal case between the
           perkara hukum antara Perusahaan dan Bank                   Company and Bank Mega Tbk is declared to have
           Mega Tbk dinyatakan telah selesai.                         been closed.




                                                             110
596    PT ELNUSA Tbk Laporan Tahunan 2024
Page 599
                                                           The original consolidated financial statements included herein are in the
                                                                                                              Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                              PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                             FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                        As of December 31, 2024
        dan untuk Tahun yang Berakhir                                   and for the Year Then Ended
            pada Tanggal Tersebut                                     (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                   Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


33. PERJANJIAN PENTING,           KOMITMEN        DAN     33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                    AND CONTINGENCIES (continued)

   a.   Perkara hukum (lanjutan)                             a.    Legal case (continued)

        Gugatan PKPU kepada PT Alpha Dwi Marine                    PKPU Lawsuit to PT Alpha Dwi Marine Indonesia
        Indonesia

        Pada tanggal 4 Oktober 2021, Perusahaan dan                On October 4, 2021, the Company and PT Alpha
        PT Alpha Dwi Marine Indonesia (“ADMI”)                     Dwi Marine Indonesia (“ADMI”) entered into a
        menandatangani       Perjanjian     Subkontrak             Segmental Partial Replacement Agreement for
        Penyisipan (Segmental Partial Replacement)                 the Main Oil Line to MGS Balongan (“Agreement
        Main Oil Line ke MGS Balongan (“Perjanjian                 with ADMI”), whereby ADMI was appointed as a
        dengan ADMI”), dimana ADMI ditunjuk sebagai                subcontractor on the Company's project with PT
        subkontraktor pada proyek Perusahaan dengan                Pertamina EP in Balongan. The agreement with
        PT Pertamina EP di Balongan. Perjanjian                    ADMI has been amended through Amendment I
        dengan    ADMI      telah    dirubah   melalui             dated January 6, 2022 and Amendment II dated
        Amandemen I tanggal 6 Januari 2022 dan                     January 11, 2022 which added provisions
        Amandemen II tanggal 11 Januari 2022 yang                  regarding the takeover of part or all of ADMI's
        menambahkan          ketentuan       mengenai              work by the Company and additional costs billed
        pengambilalihan sebagian atau keseluruhan                  by the Company to ADMI due to ADMI's inability
        pekerjaan ADMI oleh Perusahaan serta                       to complete the work.
        tambahan biaya yang ditagihkan Perusahaan
        kepada ADMI akibat adanya ketidaksanggupan
        ADMI untuk menyelesaikan pekerjaan.

        Selanjutnya, atas tidak dipenuhinya kewajiban              Furthermore, for the non-fulfillment of ADMI's
        ADMI terhadap perjanjian, pada tanggal 29 April            obligations under the agreement, on April 29,
        2022 Perusahaan telah mengirimkan Surat                    2022 the Company has sent a Notification Letter
        Pemberitahuan Pengakhiran Kontrak kepada                   of Contract Termination to ADMI.
        ADMI.

        Pada tanggal 12 Mei 2022, Perusahaan dan                   On May 12, 2022, the Company and ADMI held a
        ADMI telah mengadakan pertemuan untuk                      meeting to discuss the continuation of ADMI's
        membahas kelanjutan pekerjaan dan kewajiban                work and obligations to the Company, but ADMI
        ADMI kepada Perusahaan, namun ADMI belum                   has not been able to fulfill its obligations according
        bisa memenuhi kewajiban sesuai perjanjian dan              to the agreement and amendments.
        amandemen.

        Pada tanggal 23 September 2022, Perusahaan                 On September 23, 2022, the Company has sent
        telah mengirimkan somasi kepada ADMI untuk                 subpoena to ADMI to pay the fees according to
        membayar biaya-biaya sesuai ketentuan                      Amendment II of the Agreement with ADMI.
        Amandemen II atas Perjanjian dengan ADMI.

        Selanjutnya pada tanggal 4 Oktober 2022,                   Furthermore, on October 4, 2022, the Company
        Perusahaan bersama dengan kreditur lain                    along with other creditors filed Suspension of
        mengajukan         permohonan      Penundaan               Debt Repayment Obligation (“PKPU”) to ADMI
        Kewajiban       Pembayaran Utang (“PKPU”)                  through Commercial Court in Central Jakarta
        terhadap ADMI melalui Pengadilan Niaga pada                Distric Court. This lawsuit is registered as Case
        Pengadilan Negeri Jakarta Pusat. Gugatan ini               No. 263/Pdt.Sus-PKPU/2022/PN Niaga Jkt.Pst.
        terdaftar sebagai Perkara No. 263/Pdt.Sus-                 on October 4, 2022 and has been accepted as a
        PKPU/2022/PN Niaga Jkt.Pst. pada tanggal 4                 case registration at the Central Jakarta District
        Oktober 2022 dan sudah diterima sebagai                    Court Civil Junior Register.
        registrasi perkara dalam Panitera Muda Perdata
        Pengadilan Negeri Jakarta Pusat.




                                                          111
                                                                                    2024 Annual Report PT ELNUSA Tbk            597
Page 600
                                                              The original consolidated financial statements included herein are in the
                                                                                                                 Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                              PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                             FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                        As of December 31, 2024
           dan untuk Tahun yang Berakhir                                   and for the Year Then Ended
               pada Tanggal Tersebut                                     (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                   Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


33. PERJANJIAN PENTING,              KOMITMEN        DAN     33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                       AND CONTINGENCIES (continued)

      a.   Perkara hukum (lanjutan)                             a.    Legal case (continued)

           Gugatan PKPU kepada PT Alpha Dwi Marine                    PKPU Lawsuit to PT Alpha Dwi Marine Indonesia
           Indonesia (lanjutan)                                       (continued)

           Pada     tanggal    28    Desember    2022,                On     28     December      2022     the    trial
           telah     dilaksanakan    sidang    perkara                was       held      with     case        number
           No. 264/Pdt.Sus-PKPU/2022/PN.Niaga.Jkt.Pst.                No. 264/Pdt.Sus-PKPU/2022/PN.Niaga.Jkt.Pst.
           dengan pembacaan kesimpulan oleh Majelis                   with the conclusion by the Panel of Judges that
           Hakim bahwa Permohonan PKPU Perusahaan                     the Company's PKPU application against ADMI
           terhadap ADMI telah diterima dan dikabulkan                has been accepted and granted by the Panel of
           oleh Majelis Hakim.                                        Judges.

           Pada tanggal 20 Maret 2023 ADMI mengajukan                 On March 20, 2023, ADMI submitted a settlement
           proposal perdamaian kepada para kreditur yang              proposal to creditors which was then approved on
           kemudian disetujui pada tanggal 6 April 2023 di            April 6, 2023 in the Commercial Court of the
           Pengadilan Niaga pada Pengadilan Negeri                    Central Jakarta District Court.
           Jakarta Pusat.

           Pada tanggal 7 Juni 2023, telah dilaksanakan               On June 7, 2023, Sidang Permusyawaratan
           Sidang Permusyawaratan Majelis Hakim (RPM)                 Majelis Hakim (Deliberative Hearing) has been
           dengan putusan berikut:                                    upheld with verdicts below :
           -   Menyatakan sah dan mengikat secara                     - Declare the validity and legal binding of the
               hukum perjanjian perdamaian tanggal 6                    settlement agreement dated April 6, 2023
               April 2023
           -   Menetapkan ADMI dan seluruh krediturnya                - Assign ADMI and all its creditors to abide by
               untuk tunduk dan mematuhi serta                          and implement the peace agreement dated
               melaksanakan isi perjanjian perdamaian                   April 6, 2023
               tanggal 6 April 2023

           Perjanjian     perdamaian      ini     juga                This peace agreement was also upheld through
           dikuatkan melalui Putusan No. 264/Pdt.Sus-                 Decision          No.           264/Pdt.Sus-
           PKPU/2022/PN.Niaga.Jkt.Pst. tanggal 14 Juni                PKPU/2022/PN.Niaga.Jkt.Pst. dated June 14,
           2024.                                                      2024.

           Selama tahun 2024, ADMI tidak mampu                        During 2024, ADMI was unable to fulfill the
           memenuhi      ketentuan    dan     melakukan               provisions and make payments according to the
           pembayaran sesuai perjanjian perdamaian.                   settlement agreement. Therefore, on October 3,
           Oleh karena itu, pada tanggal 3 Oktober 2024,              2024, the Company filed for cancellation of the
           Perusahaan        mengajukan      pembatalan               settlement agreement to the Commercial Court at
           perjanjian perdamaian kepada Pengadilan                    the Central Jakarta District Court. The application
           Niaga        di      Pengadilan        Negeri              was granted by the Commercial Court through
           Jakarta     Pusat.   Permohonan      tersebut              decision No. 53/Pdt.Sus- Cancellation of Peace
           dikabulkan      oleh    Pengadilan      Niaga              /2024/PN.Niaga.Jkt.Pst. Jo. Decision No.
           melalui      putusan     No.      53/Pdt.Sus-              264/Pdt.Sus-PKPU/2022/PN.Niaga.Jkt.Pst.
           PembatalanPerdamaian /2024/PN.Niaga.Jkt.
           Pst.    Jo.    Putusan    No.    264/Pdt.Sus-
           PKPU/2022/PN.Niaga.Jkt.Pst.

           Penyelesaian perkara hukum di atas tidak                   The settlement of the above legal case does not
           berdampak    material   terhadap laporan                   have a material impact on consolidated financial
           keuangan konsolidasian.                                    statement.




                                                             112
598    PT ELNUSA Tbk Laporan Tahunan 2024
Page 601
                                                           The original consolidated financial statements included herein are in the
                                                                                                              Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                              PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                             FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                        As of December 31, 2024
        dan untuk Tahun yang Berakhir                                   and for the Year Then Ended
            pada Tanggal Tersebut                                     (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                   Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


33. PERJANJIAN PENTING,           KOMITMEN        DAN     33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                    AND CONTINGENCIES (continued)

   b.   Perjanjian kerja sama                                b.    Cooperation agreement

        Pusat Data dan Informasi Energi dan Sumber                 Pusat Data dan Informasi Energi dan Sumber
        Daya Mineral (“PUSDATIN”)                                  Daya Mineral (“PUSDATIN”)

        Pada bulan Maret 1998, PND menandatangani                  In March 1998, PND entered into a Cooperation
        Perjanjian Kerjasama dengan Direktur Jenderal              Agreement with the Director General of Oil and
        Minyak dan Gas (“Dirjen Migas”) No.                        Gas (“Dirjen Migas”) No. 242A/32/DJM/1998:
        242A/32/DJM/1998:       012/PND/KTR/X100/98                012/PND/KTR/X100/98 to manage and socialise
        untuk pengelolaan dan pemasyarakatan data                  the oil and gas data. This agreement
        minyak dan gas bumi. Perjanjian ini                        was     based     on    the    Decision    Letter
        didasari       atas      Surat      Keputusan              No.          176.K/702/D.DJM/1997          dated
        No.       176.K/702/D.DJM/1997          tanggal            November 24, 1997, regarding the appointment
        24 November 1997, tentang penunjukan PND                   of PND as the executor of oil and gas exploration
        sebagai      pelaksana    pengelolaan      dan             and exploitation data management and
        pemasyarakatan       data    eksplorasi    dan             socialization.
        eksploitasi minyak dan gas bumi.

        Selanjutnya pada tanggal 4 Januari 2007, PND               Furthermore, on January 4, 2007, PND together
        bersama dengan Dirjen Migas dan PUSDATIN                   with the Dirjen Migas and the PUSDATIN signed
        menandatangani     Amandemen        Perjanjian             the Amendment on the Cooperation Agreement.
        Kerjasama. Dalam amandemen perjanjian                      The amended agreement stated that the Dirjen
        tersebut disebutkan bahwa Dirjen Migas                     Migas transferred all of its rights and obligations
        mengalihkan seluruh hak dan kewajibannya                   to PUSDATIN. PUSDATIN will receive a 5% to
        kepada     PUSDATIN.      PUSDATIN       akan              15% share from the proceeds of data
        memperoleh 5% hingga 15% dari penghasilan                  management and socialization obtained by PND
        PND yang diperoleh dari pengelolaan dan                    which shall be paid to the State Treasury as Non-
        pemasyarakatan data dan disetorkan ke Kas                  tax State Revenues (“PNBP”). The amended
        Negara dalam bentuk Penerimaan Negara                      Cooperation Agreement will be valid until
        Bukan Pajak (“PNBP”). Amandemen Perjanjian                 March 10, 2018.
        Kerja Sama ini akan berlaku sampai dengan
        tanggal 10 Maret 2018.

        Sejak tanggal 11 Maret 2018, PT Pertamina                  Since March 11, 2018, PT Pertamina (Persero)
        (Persero)    ditunjuk  sebagai    pelaksana                has the right as the executor of oil and gas
        pengelolaan dan permasyarakatan data                       exploration dan exploitation data management
        eksplorasi dan eksploitasi minyak dan gas                  and socialization. PND received direct
        bumi. PT Pertamina (Persero) menunjuk                      appointment from PT Pertamina (Persero) for
        langsung PND untuk pengelolaan dan                         those data management and socialization valid
        permasyarakatan data tersebut sampai dengan                until January 29, 2021.
        29 Januari 2021.

        Sejak bulan Februari 2021, pengelolaan dan                 Since February 2021, those data management
        permasyarakatan data tersebut akan dikelola                and socialization managed by SCU. On April,
        oleh SCU. Pada bulan April 2021, SCU dan                   2021, SCU and PT Pertamina Hulu Energi (PHE)
        PT     Pertamina     Hulu     Energi    (PHE)              signed novation agreement, in which all rights and
        menandatangani kontrak novasi atas perjanjian              obligation of PT Pertamina (Persero) in the
        tersebut, dimana seluruh hak dan kewajiban PT              agreement was transferred to PT Pertamina Hulu
        Pertamina (Persero) dalam perjanjian dialihkan             Energi (PHE). SCU and PHE signed novation
        ke PT Pertamina Hulu Energi (PHE). SCU dan                 agreement No. 4710007434 dated July 23, 2023
        PHE      menandatangani      kontrak   novasi              for those upstreams’ data management and
        No. 4710007434 tanggal 23 Juli 2023 untuk                  utilization. The Agreement will be end in July 20,
        jasa pengelolaan dan pemanfaatan data hulu                 2028.
        migas. Kontrak tersebut berakhir sampai
        dengan 20 Juli 2028.



                                                          113
                                                                                    2024 Annual Report PT ELNUSA Tbk            599
Page 602
                                                               The original consolidated financial statements included herein are in the
                                                                                                                  Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                               PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                              FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                         As of December 31, 2024
           dan untuk Tahun yang Berakhir                                    and for the Year Then Ended
               pada Tanggal Tersebut                                      (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                    Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


33. PERJANJIAN PENTING,                 KOMITMEN      DAN     33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                        AND CONTINGENCIES (continued)

      b.   Perjanjian kerja sama (lanjutan)                      b.    Cooperation agreement (continued)

           Grup Pertamina                                              Pertamina Group

           Perjanjian jasa hulu migas                                  Upstream oil and gas services

           Perusahaan       menandatangani      berbagai               The Company signed several seismic data,
           perjanjian pekerjaan jasa data seismic, drilling            drilling and oilfield maintenance services
           dan oilfield maintenance dengan Grup                        agreements with Pertamina Group. The
           Pertamina. Perjanjian-perjanjian ini akan                   agreements will be ended in various dates, with
           berakhir pada berbagai tanggal sampai dengan                the latest is on various dates in October 2025.
           Oktober 2025.

           Perjanjian pengelolaan truk tangki dan jasa                 Agreement regarding management of fuel tanker
           sewa pakai truk tangki                                      and rental for fuel tanker

           EPN menandatangani beberapa perjanjian                      EPN     signed     several    agreements     with
           dengan PT Pertamina (Persero) mengenai                      PT Pertamina (Persero) on the management of
           pengelolaan truk tangki dan jasa sewa pakai                 fuel transportation vehicles and also rental of
           truk tangki di beberapa wilayah. Perjanjian-                transportation vehicles services covering several
           perjanjian ini akan berakhir pada berbagai                  areas. The agreements will be ended in various
           tanggal, terakhir pada berbagai tanggal di bulan            dates, with the latest is on various dates in
           Oktober 2026.                                               October 2026.

           Pada berbagai tanggal di tahun 2021, EPN dan                On various date in 2021, EPN and PT Pertamina
           PT Pertamina (Persero) menandatangani                       (Persero) signed novation agreement for all
           novasi atas perjanjian-perjanjian tersebut,                 mentioned agreements, in which all rights and
           dimana     seluruh   hak     dan    kewajiban               obligations of PT Pertamina (Persero) in the
           PT Pertamina (Persero) dalam perjanjian                     agreement was transferred to PT Pertamina Patra
           dialihkan ke PT Pertamina Patra Niaga. Novasi               Niaga. The novation was effective starting
           tersebut berlaku efektif sejak tanggal                      September 1, 2021.
           1 September 2021.

           Untuk tahun yang berakhir pada tanggal                      For the year ended December 31, 2024 and 2023,
           31 Desember 2024 dan 2023, total penghasilan                total service and rental income from these
           jasa dan sewa dari perjanjian-perjanjian                    agreements amounted to Rp3,833,523 and
           tersebut masing-masing sebesar Rp3.833.523                  Rp3,726,586, respectively.
           dan Rp3.726.586.

           Perjanjian penyediaan jasa depot LPG di                     Agreement for LPG depot services in Amurang
           Amurang

           EPN     dan     PT     Pertamina     (Persero)              EPN and PT Pertamina (Persero) signed
           menandatangani perjanjian penyediaan Jasa                   agreement to provide Depot Mini LPG
           Depot Mini LPG Pressurized di Amurang,                      Pressurized Services in Amurang, North Sulawesi
           Sulawesi Utara (“Depot Mini LPG”). Jangka                   (“Depot Mini LPG”). The duration of the
           waktu perjanjian ini adalah 10 (sepuluh) tahun              agreement is 10 (ten) years since the operation of
           sejak dimulainya pengoperasian Depot Mini                   the Depot Mini LPG started. At the end of the
           LPG. Pada saat berakhirnya perjanjian,                      agreement, PT Pertamina (Persero) or its
           PT Pertamina (Persero) atau afiliasinya berhak              affiliates have rights to purchase the whole assets
           untuk membeli keseluruhan aset dengan nilai                 with agreed amount of Rp107,000 or to extend the
           yang disepakati sebesar Rp107.000 atau                      agreement for 5 (five) years with later adjusted
           memperpanjang perjanjian selama 5 (lima)                    tariff.
           tahun dengan tarif yang akan disesuaikan
           kemudian.



                                                              114
600    PT ELNUSA Tbk Laporan Tahunan 2024
Page 603
                                                           The original consolidated financial statements included herein are in the
                                                                                                              Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                              PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                             FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                        As of December 31, 2024
        dan untuk Tahun yang Berakhir                                   and for the Year Then Ended
            pada Tanggal Tersebut                                     (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                   Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


33. PERJANJIAN PENTING,           KOMITMEN        DAN     33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                    AND CONTINGENCIES (continued)

   b.   Perjanjian kerja sama (lanjutan)                     b.    Cooperation agreement (continued)

        Grup Pertamina (lanjutan)                                  Pertamina Group (continued)

        Perjanjian penyediaan jasa depot LPG di                    Agreement for LPG depot services in Amurang
        Amurang (lanjutan)                                         (continued)

        Pada bulan Agustus 2021, EPN dan                           On August, 2021, EPN and PT Pertamina
        PT Pertamina (Persero) menandatangani                      (Persero) signed novation agreement for the
        novasi atas perjanjian tersebut, dimana seluruh            mentioned agreement, in which all rights and
        hak dan kewajiban PT Pertamina (Persero)                   obligations of PT Pertamina (Persero) in the
        dalam perjanjian dialihkan ke PT Pertamina                 agreement was transferred to PT Pertamina Patra
        Patra Niaga. Perjanjian ini berlaku efektif                Niaga. The agreement will be effective until
        hingga tanggal 11 Desember 2028.                           December 11, 2028.

        Untuk tahun yang berakhir pada tanggal                     For the year ended December 31, 2024 and 2023,
        31 Desember 2024 dan 2023, total penghasilan               total rental income from the agreement amounted
        sewa dari perjanjian tersebut adalah sebesar               to Rp38,142 and Rp39,016. As of December 31,
        Rp38.142 dan Rp39.016. Pada tanggal                        2024 and 2023, unamortized deferred income
        31 Desember 2024 dan 2023, pendapatan                      from the agreement amounted to Rp48,150 and
        tangguhan yang belum diamortisasi dari                     Rp58,850 (Note 23).
        perjanjian tersebut adalah sebesar Rp48.150
        dan Rp58.850 (Catatan 23).

        Perjanjian Handling Agent untuk Layanan                    Handling Agent Agreement for Vendor Held Stock
        Vendor Held Stock PT Aneka Tambang Tbk                     Services of PT Aneka Tambang Tbk East
        Site Halmahera Timur                                       Halmahera Site

        Pada tanggal 30 Desember 2019, EPN dan                     As of December 30, 2019, EPN and PT Pertamina
        PT     Pertamina    (Persero)     (“Pertamina”)            (Persero) (“Pertamina”) signed a Handling Agent
        menandatangani perjanjian Handling Agent                   agreement for PT Aneka Tambang Tbk (“Antam”)
        untuk Layanan Vendor Held Stock (“VHS”)                    Vendor Held Stock (VHS) Services in East
        PT Aneka Tambang Tbk (“Antam”) di                          Halmahera. EPN will act as a handling agent
        Halmahera Timur. EPN akan bertindak sebagai                covering the transportation and distribution of
        handling agent meliputi kegiatan pengangkutan              High Speed Diesel (HSD) and Marine Fuel Oil
        dan penyaluran Bahan Bakar Minyak High                     (MFO) on a VHS basis as well as other activities
        Speed Diesel (HSD) dan Marine Fuel Oil (MFO)               to Antam.
        secara VHS serta kegiatan lainnya kepada
        Antam.

        Berdasarkan       perjanjian,   EPN       wajib            Based on the agreement, EPN is required to
        melaksanakan          pembangunan          dan             conduct construction and maintenance of VHS
        pemeliharaan fasilitas dan instalasi VHS di                facilities and installations at Antam's location with
        lokasi Antam dengan metode Build, Operate                  Build, Operate and Transfer (BOT) method with
        and     Transfer    (BOT)     dengan     masa              construction period of 11 (eleven) months starting
        pembangunan selama 11 (sebelas) bulan                      February 1, 2018. The handover of VHS facilities
        terhitung mulai tanggal 1 Februari 2018. Serah             and installations from EPN to Antam will be
        terima fasilitas dan instalasi VHS dari EPN                carried out when the distribution volume reaches
        kepada Antam akan dilakukan pada saat                      the cumulative throughput as stipulated in the
        volume penyaluran mencapai kumulatif                       agreement.
        throughput sebagaimana diatur di perjanjian.




                                                          115
                                                                                    2024 Annual Report PT ELNUSA Tbk            601
Page 604
                                                              The original consolidated financial statements included herein are in the
                                                                                                                 Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                              PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                             FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                        As of December 31, 2024
           dan untuk Tahun yang Berakhir                                   and for the Year Then Ended
               pada Tanggal Tersebut                                     (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                   Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


33. PERJANJIAN PENTING,              KOMITMEN       DAN      33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                       AND CONTINGENCIES (continued)

      b.   Perjanjian kerja sama (lanjutan)                     b.    Cooperation agreement (continued)

           Grup Pertamina (lanjutan)                                  Pertamina Group (continued)

           Perjanjian Handling Agent untuk Layanan                    Handling Agent Agreement for Vendor Held Stock
           Vendor Held Stock PT Aneka Tambang Tbk                     Services of PT Aneka Tambang Tbk East
           Site Halmahera Timur (lanjutan)                            Halmahera Site (continued)

           Atas pembangunan dan kegiatan layanan VHS,                 For the VHS construction and service activities,
           Pertamina wajib membayarkan fee investasi                  Pertamina is required to pay investment fee and
           dan fee layanan VHS kepada EPN                             VHS fees to EPN as stipulated in the agreement.
           sebagaimana    diatur  dalam     perjanjian.               Other significant terms are stipulated in the
           Ketentuan penting lainnya diatur dalam                     agreement.
           perjanjian.

           Efektif 1 September 2021, perjanjian tersebut              Effective September 1, 2021, the agreement was
           dinovasikan     dari   Pertamina      kepada               novated from Pertamina to PT Pertamina Patra
           PT Pertamina Patra Niaga (“Patra Niaga”).                  Niaga (“Patra Niaga”).

           Perjanjian tersebut berlaku sejak 1 Februari               The agreement is effective from February 1, 2018
           2018 sampai dengan 31 Januari 2022 dan tidak               until January 31, 2022 and not extended.
           diperpanjang.

           Selanjutnya, pada tanggal 20 Desember 2022,                Furthermore, as of December 20, 2022, EPN and
           EPN dan Patra Niaga menandatangani                         Patra Niaga signed a Handling Agent agreement
           perjanjian Handling Agent Bahan Bakar Minyak               for PT Aneka Tambang Tbk (“Antam”) Vendor
           untuk layanan Vendor Held Stock (VHS) PT                   Held Stock (VHS) Services in East Halmahera.
           Antam (Persero) Tbk Site Halmahera Timur.

           Berdasarkan perjanjian tersebut, EPN kembali               Based on the agreement, EPN was again
           ditunjuk untuk menyelesaikan pembangunan                   appointed to complete the construction and
           dan pemeliharaan aset fasilitas VHS sesuai                 maintenance of the VHS facility in accordance
           perjanjian sebelumnya. Aset tersebut akan                  with the previous agreement. The assets will be
           diserahkan kepada Antam setelah siap                       handed over to Antam when they are ready to
           dioperasikan (termasuk telah lengkap dengan                operate (including complete with permits) within
           perizinan) dalam masa perjanjian berdasarkan               the agreement period based on the verification by
           hasil pemeriksaan yang disepakati oleh Para                the Parties.
           Pihak.

           Atas penyerahan aset tersebut, EPN berhak                  Upon handover of these assets, EPN has the right
           untuk menerima pembayaran fee investasi                    to receive investment fee of Rp86,292, a contract
           senilai Rp86.292, contract change order senilai            change order of Rp3,133 and cost of money
           Rp3.133 dan cost of money yang nilainya akan               which will be agreed upon in a separate
           disepakati    dalam     perjanjian   terpisah.             agreement. Payments of investment fee and
           Pembayaran fee investasi dan contract change               contract change orders to EPN were agreed in 2
           order kepada EPN disepakati dalam 2 (dua)                  (two) phases, namely Phase I amounted
           tahap yaitu Tahap I sebesar Rp54.433 yang                  Rp54,433 which was agreed through the Minutes
           telah disepakati melalui Berita Acara Progres              of Completion Progress dated August 8-9,2022
           Penyelesaian tanggal 8-9 Agustus 2022 dan                  and Phase II amounted Rp34,992 which will be
           Tahap II sebesar Rp34.992 yang akan                        agreed through the Minutes of Final Development
           disepakati melalui Berita Acara Progres                    Progress.
           Pembangunan Terakhir.

           Pada tanggal 16 Februari 2023, Perusahaan                  On February 16, 2023, the Company has received
           telah menerima pembayaran fee investasi dan                payment for investment fee and contract change
           contract change order Tahap I dari Patra Niaga             order Phase I from Patra Niaga amounted
           senilai Rp51.300 dan Rp3.033.                              Rp51,300 and Rp3,033.
                                                             116
602    PT ELNUSA Tbk Laporan Tahunan 2024
Page 605
                                                           The original consolidated financial statements included herein are in the
                                                                                                              Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                              PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                             FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                        As of December 31, 2024
        dan untuk Tahun yang Berakhir                                   and for the Year Then Ended
            pada Tanggal Tersebut                                     (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                   Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


33. PERJANJIAN PENTING,           KOMITMEN        DAN     33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                    AND CONTINGENCIES (continued)

   b.   Perjanjian kerja sama (lanjutan)                     b.    Cooperation agreement (continued)

        Grup Pertamina (lanjutan)                                  Pertamina Group (continued)

        Perjanjian Handling Agent untuk Layanan                    Handling Agent Agreement for Vendor Held Stock
        Vendor Held Stock PT Aneka Tambang Tbk                     Services of PT Aneka Tambang Tbk East
        Site Halmahera Timur (lanjutan)                            Halmahera Site (continued)

        Perjanjian tersebut berlaku sejak 7 Juni 2022              The agreement is effective from June 7, 2022 until
        sampai dengan 31 Oktober 2023. Pada tanggal                October 31, 2023. On October 31, 2024, EPN and
        31 Oktober 2024, EPN dan Patra Niaga                       Patra Niaga signed replacement agreement for
        menandatangani perjanjian tersebut, yang                   the said agreement, which effective on November
        mulai berlaku efektif sejak tanggal 1 November             1, 2023 until December 31, 2024 and can be
        2023 hingga 31 Desember 2024 dan dapat                     extended upon written consent of the parties.
        diperpanjang atas persetujuan tertulis para
        pihak.

        Berdasarkan perjanjian di atas, EPN dan Patra              Based on the agreement above, EPN and Patra
        Niaga menyepakati termin pembayaran fee                    Niaga agreed on the payment terms for the
        investasi tahap II sebesar Rp34.992 dalam 2                investment fee phase II of Rp34,992 in 2 (two)
        (dua) termin:                                              terms:
        1. Termin I sebesar Rp17.496 dibayarkan                    1. Term I amounting Rp17,496 paid after
            setelah penyelesaian punchlist work dan                    completion    of   punchlist    work       and
            commissioning.                                             commissioning.
        2. Termin II sebesar Rp17.496 dibayarkan                   2. Term II amounting Rp17,496 paid after
            setelah penyerahan fasilitas dan instalasi                 handover of the VHS facility and installation.
            VHS.

        Pada tanggal 30 Desember 2024, Patra Niaga                 On December 30, 2024, Patra Niaga has made
        telah melakukan pembayaran kepada EPN atas                 payments to EPN for the Phase II Term I.
        tagihan Tahap II Termin I tersebut.

        Sampai dengan tanggal penyelesaian laporan                 As of the date of completion of the consolidated
        keuangan konsolidasian, EPN dan Patra Niaga                financial statements, EPN and Patra Niaga are in
        sedang dalam proses perpanjangan perjanjian.               the process of extending the agreement.

        Penyediaan Terminal dan Pengelolaan TBBM                   Terminal Providing Service and                          TBBM
        Tembilahan Baru - Riau                                     Management Tembilahan Baru - Riau

        Pada      15     Juni    2021,     Perusahaan              On June 15, 2021, the Company signed an
        menandatangani perjanjian kerjasama dengan                 agreement with Pertamina of Terminal Providing
        Pertamina tentang Jasa Penyediaan Terminal                 Service and BBM/BBK Management in TBBM
        dan Pengelolaan BBM/BBK di TBBM                            Tembilahan Baru-Riau. Based on the agreement,
        Tembilahan Baru-Riau. Berdasarkan perjanjian               The company will provide a fuel terminal along
        tersebut, Perusahaan akan menyediakan                      with facilities and facilities to receive and distribute
        terminal BBM beserta sarana dan fasilitas untuk            fuel/BBK. The company will receive income in the
        menerima dan menyalurkan BBM/BBK.                          form of a throughput fee for providing fuel/BBK
        Perusahaan akan menerima penghasilan                       receiving and distribution services. This
        berupa throughput fee atas penyediaan jasa                 agreement started on June 15, 2021 until June 14,
        penerimaan dan penyaluran BBM/BBK.                         2043 and can be extended upon written consent
        Perjanjian ini terhitung mulai tanggal 15 Juni             of the parties.
        2021 sampai dengan 14 Juni 2043 dan dapat
        diperpanjang atas persetujuan tertulis para
        pihak.




                                                          117
                                                                                    2024 Annual Report PT ELNUSA Tbk            603
Page 606
                                                              The original consolidated financial statements included herein are in the
                                                                                                                 Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                              PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                             FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                        As of December 31, 2024
           dan untuk Tahun yang Berakhir                                   and for the Year Then Ended
               pada Tanggal Tersebut                                     (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                   Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


33. PERJANJIAN PENTING,              KOMITMEN        DAN     33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                       AND CONTINGENCIES (continued)

      b.   Perjanjian kerja sama (lanjutan)                     b.    Cooperation agreement (continued)

           PT Waskita Adhi Sejahtera (“WAS”)                          PT Waskita Adhi Sejahtera (“WAS”)

           Perusahaan dan PT Waskita Adhi Perkasa                     The Company and PT Waskita Adhi Perkasa
           (“WAS”) menandatangani Perjanjian Kerjasama                (“WAS”) entered into Joint Operation (“JO”)
           Operasi (“KSO”) dengan tanggal efektif                     agreement with effective date of the agreement on
           perjanjian yaitu 12 Desember 2016. KSO ini                 December 12, 2016. The JO is established in
           dibentuk untuk melakukan proyek jasa                       order to perform electrical and instrumentation
           pemeliharaan elektrikal dan instrumentasi dari             maintenance services project from BP Berau Ltd.
           BP Berau Ltd. Komposisi kepemilikan pada                   The composition of ownerships in JO are 51%
           KSO adalah 51% oleh Perusahaan dan 49%                     owned by the Company and 49% owned by WAS
           oleh WAS (Catatan 11b).                                    (Note 11b).

           Perjanjian Pengadaan Kontrak Surface Pump                  Contract Procurement Agreement for Surface
           Repair and Machining Services PT Pertamina                 Pump     Repair   and Machining   Services
           Hulu Rokan                                                 PT Pertamina Hulu Rokan

           Pada tanggal 9 Agustus 2021, EFK                           On August 9, 2021, EFK entered into agreement
           mengadakan perjanjian Pengadaan Kontrak                    related to Surface Pump Repair and Machining
           Surface Pump Repair and Machining Services                 Services with PT Pertamina Hulu Rokan with
           dengan PT Pertamina Hulu Rokan dengan nilai                contract value Rp88,425 effective since
           Rp88.425 yang berlaku mulai 9 Agustus 2021                 August 9, 2021 until September 28, 2024.
           sampai dengan tanggal 28 September 2024.

           Pada tanggal 8 Agustus 2024, EFK                           On August 8, 2024, EFK entered into agreement
           mengadakan addendum perjanjian Pengadaan                   addendum related to Surface Pump Repair and
           Kontrak Surface Pump Repair and Machining                  Machining Services with PT Pertamina Hulu
           Services dengan PT Pertamina Hulu Rokan                    Rokan with contract value Rp97,267 effective
           dengan nilai Rp97.267 yang berlaku mulai 8                 since August 8, 2024 until March 30, 2025.
           Agustus 2024 sampai dengan tanggal 30 Maret
           2025.

      c.   Komitmen pengeluaran barang modal                    c.    Capital expenditure commitments

           Grup memiliki komitmen pengeluaran barang                  The Group has capital expenditure commitments
           modal dalam menjalankan usaha normalnya.                   in the normal course of business. As of December
           Pada tanggal 31 Desember 2024 dan                          31, 2024 and 2023 , the Group’s total outstanding
           2023, total komitmen pengeluaran barang                    capital expenditure commitments amounted to
           modal Grup yang belum terealisasi masing-                  Rp256,291 and Rp151,247 respectively.
           masing sebesar Rp256.291 dan Rp151.247.

      d.   Fasilitas pinjaman non-kas bank                      d.    Non-cash bank loan facilities

           Grup memiliki beberapa fasilitas non-kas bank              The Group has several non-cash loan facilities of
           yang batas maksimumnya tergabung dengan                    which the maximum limits are combined with the
           fasilitas pinjaman dari BNI, BRI, ICBC, Mizuho,            loan facilities from BNI, BRI, ICBC, Mizuho, UOB,
           UOB, MUFG, SMBC dan Mandiri. Pada tanggal                  MUFG, SMBC and Mandiri. As of December 31,
           31 Desember 2024 dan 2023, total fasilitas yang            2024 and 2023, the total of unused facilities
           belum digunakan masing-masing sebesar                      amounted           to    US$115,772,953       and
           $AS115.772.953 dan $AS114.768.095.                         US$114,768,095, respectively.




                                                             118
604    PT ELNUSA Tbk Laporan Tahunan 2024
Page 607
                                                                The original consolidated financial statements included herein are in the
                                                                                                                   Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                             As of December 31, 2024
        dan untuk Tahun yang Berakhir                                        and for the Year Then Ended
            pada Tanggal Tersebut                                          (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                        Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


33. PERJANJIAN PENTING,              KOMITMEN         DAN      33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                         AND CONTINGENCIES (continued)

   e.   Perjanjian bank                                           e.    Credit agreement

        PT Bank Negara Indonesia (Persero) Tbk                          PT Bank Negara Indonesia (Persero) Tbk

        Berdasarkan        perjanjian  kredit   tanggal                 Based on a credit agreement dated July 4, 2012,
        4 Juli 2012 yang terakhir kali diubah pada                      with latest amandement on July 4, 2023, the
        tanggal 4 Juli 2023, Perusahaan memperoleh                      Company obtained an Indirect Credit facility for
        fasilitas Kredit Tidak Langsung untuk keperluan                 guarantee and working capital purposes
        penjaminan dan modal kerja yang terdiri dari                    consisting of Standby Letter of Credit
        Standby Letter of Credit (“SBLC”)/Bank Garansi                  (“SBLC”)/Bank Guarantee (“BG”), Letter of Credit
        (“BG”), Letter of Credit (“LC”)/Surat Kredit                    (“LC”)/Surat Kredit Berdokumen Dalam Negeri
        Berdokumen Dalam Negeri (“SKBDN”), Trust                        (“SKBDN”), Trust Receipt (“TR”), and post-
        Receipt (“TR”), dan kredit modal kerja post-                    financing working capital credit with a maximum
        financing dengan batas maksimum gabungan                        combined limit of US$50,000,000.The credit limit
        sebesar $AS50.000.000. Batas kredit tersebut                    is eligible to be used by the Company’s
        dapat digunakan oleh entitas anak.                              subsidiaries.

        Fasilitas TR dikenakan bunga yang suku                          The TR facility bears interest at the rate which will
        bunganya akan ditetapkan secara negosiasi                       be determined through negotiation on withdrawal
        pada saat realisasi dan fasilitas ini akan jatuh                and these facilities will mature up to July 3, 2025.
        tempo sampai dengan tanggal 3 Juli 2025.

        PT Bank SMBC Indonesia                                          PT Bank SMBC Indonesia

        Berdasarkan      perjanjian   kredit    tanggal                 Based on a credit             agreement      dated
        24 Maret 2016 yang terakhir kali diubah tanggal                 March 24, 2016 which was amended on
        3 April 2024, Perusahaan memperoleh fasilitas                   April 3, 2024, the Company obtained facilities to
        untuk membiayai aktivitas operasional dan                       finance the Company’s operating activities and
        modal kerja Perusahaan yang terdiri dari                        working capital consisting of trade facilites (LC,
        fasilitas perdagangan (LC, Acceptance, Loan                     Acceptance, Loan on Note - TR) and loan facilities
        on Note - TR) dan fasilitas pinjaman (Loan on                   (Loan on Note 1 and 2) with a maximum combined
        Note 1 dan 2) dengan batas maksimum                             limit of US$20,000,000.
        gabungan sebesar $AS20.000.000.

        Fasilitas Loan on Note - TR dan Loan on Note 1                  The Loan on Note – TR and Loan on Notes 1 and
        dan 2 dikenakan bunga sebesar biaya                             2 facilities bear interest at the rate of cost of fund
        pendanaan SMBC ditambah margin tertentu per                     of SMBC plus certain margin per annum for
        tahun untuk penarikan dalam Dolar AS ataupun                    withdrawal in US Dollar or Rupiah. These facilities
        Rupiah. Fasilitas ini akan jatuh tempo sampai                   will mature up to March 31, 2025.
        dengan tanggal 31 Maret 2025.

        PT Bank Rakyat Indonesia (Persero) Tbk                          PT Bank Rakyat Indonesia (Persero) Tbk

        Berdasarkan        perjanjian     kredit    tanggal             Based on a credit               agreement     dated
        27 September 2012 yang terakhir kali diubah                     September 27, 2012, with latest amendment on
        pada tanggal 29 November 2023, Perusahaan                       November 29, 2023, the Company obtained an
        memperoleh fasilitas Kredit Tidak Langsung                      Indirect Credit facility for guarantee and working
        untuk keperluan penjaminan dan modal kerja                      capital purposes consisting of Kredit Modal Kerja
        yang terdiri dari fasilitas Standby Letter of Credit            Lokal, Standby Letter of Credit (“SBLC”)/Bank
        (“SBLC”)/Bank Garansi (“BG”), Letter of Credit                  Guarantee (“BG”), Letter of Credit (“LC”)/Surat
        (“LC”)/Surat Kredit Berdokumen Dalam Negeri                     Kredit Berdokumen Dalam Negeri (“SKBDN”),
        (“SKBDN”), Kredit Modal Kerja Lokal, dan Trust                  Kredit Modal Kerja Lokal, and Trust Receipt (“TR”)
        Receipt (“TR”) dengan batas maksimum                            with    a    maximum         combined    limit   of
        gabungan sebesar $AS23.000.000. Batas                           US$23,000,000.The credit limit is eligible to be
        kredit tersebut dapat digunakan oleh entitas                    used by the Company’s subsidiaries.
        anak.

                                                               119
                                                                                         2024 Annual Report PT ELNUSA Tbk            605
Page 608
                                                              The original consolidated financial statements included herein are in the
                                                                                                                 Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                              PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                     NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                             FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                        As of December 31, 2024
           dan untuk Tahun yang Berakhir                                   and for the Year Then Ended
               pada Tanggal Tersebut                                     (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                   Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


33. PERJANJIAN PENTING,              KOMITMEN        DAN     33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                       AND CONTINGENCIES (continued)

      e.   Perjanjian bank (lanjutan)                           e.    Credit agreement (continued)

           PT Bank Rakyat Indonesia (Persero) Tbk                     PT Bank Rakyat Indonesia (Persero) Tbk
           (lanjutan)                                                 (continued)

           Pada perubahan tanggal 3 September 2020,                    On the amendment dated September 3, 2020,
           Perusahaan mendapatkan fasilitas Supplier                   the Company obtained facility for Supplier Chain
           Chain Financing (“SCF”) AP sebesar                          Financing (“SCF”) AP amounting Rp300,000
           Rp300.000 yang dapat digunakan oleh                         which can be used by the Company and its
           Perusahaan dan entitas anak.                                subsidiaries.

           Fasilitas TR dikenakan bunga yang suku                      The TR facility bears interest at the rate which will
           bunganya akan ditetapkan secara negosiasi                   be determined through negotiation on withdrawal.
           pada saat realisasi. Fasilitas-fasilitas ini                These facilities will mature up to April 27, 2025.
           akan jatuh tempo sampai dengan tanggal
           27 April 2025.

           PT Bank Mizuho Indonesia (“Mizuho”)                        PT Bank Mizuho Indonesia (“Mizuho”)

           Berdasarkan    perjanjian   kredit  tanggal                Based      on a credit      agreement dated
           23 November 2015 yang terakhir kali diubah                 November 23, 2015 which was amanded on
           pada tanggal 23 April 2024, Perusahaan                     April 23, 2024, the Company obtained credit
           memperoleh fasilitas kredit untuk keperluan                facilities for guarantee and working capital
           penjaminan dan modal kerja yang terdiri dari               purposes consisting of LC/SKBDN, TR, working
           LC/SKBDN, TR, kredit modal kerja dan                       capital credit and BG/SBLC with a maximum
           BG/SBLC dengan batas maksimum gabungan                     combined limit of US$10,000,000.
           sebesar $AS10.000.000.

           Fasilitas ini dikenakan bunga sebesar biaya                This facility bear interest at the rate of cost of fund
           pendanaan Mizuho ditambah marjin tertentu per              of Mizuho plus certain margin per annum for
           tahun untuk penarikan dalam Dolar AS atau                  withdrawal in US Dollar or Rupiah. These facilities
           Rupiah. Fasilitas ini akan jatuh tempo sampai              will mature up to April 23, 2025.
           dengan tanggal 23 April 2025.

           MUFG Bank, Ltd. (“MUFG”)                                   MUFG Bank, Ltd. (“MUFG”)

           Berdasarkan perjanjian kredit tanggal 27 Maret             Based on a credit agreement dated March 27,
           2020 yang terakhir kali diubah pada tanggal                2020 which was amanded on December 31,
           31 Desember 2024, Perusahaan memperoleh                    2024, the Company obtained credit facilities for
           fasilitas kredit untuk keperluan penjaminan dan            guarantee and working capital purposes
           modal kerja yang terdiri dari LC/SKBDN, TR,                consisting of LC/SKBDN, TR, short term revolving
           pinjaman bergulir jangka pendek dan BG/SBLC                loan and BG/SBLC with a maximum combined
           dengan batas maksimum gabungan sebesar                     limit of US$15,000,000.
           $AS15.000.000.

           Fasilitas ini dikenakan bunga sebesar biaya                This facility bear interest at the rate of cost of fund
           pendanaan MUFG ditambah marjin tertentu per                of MUFG plus certain margin per annum for
           tahun untuk penarikan dalam Dolar AS atau                  withdrawal in US Dollar or Rupiah. These facilities
           Rupiah. Fasilitas ini akan jatuh tempo sampai              will mature up to December 31, 2025.
           dengan tanggal 31 Desember 2025.




                                                             120
606    PT ELNUSA Tbk Laporan Tahunan 2024
Page 609
                                                         The original consolidated financial statements included herein are in the
                                                                                                            Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                            PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                   NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                           FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                      As of December 31, 2024
        dan untuk Tahun yang Berakhir                                 and for the Year Then Ended
            pada Tanggal Tersebut                                   (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                 Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


33. PERJANJIAN PENTING,          KOMITMEN       DAN     33. SIGNIFICANT AGREEMENTS, COMMITMENTS
    KONTINJENSI (lanjutan)                                  AND CONTINGENCIES (continued)

   e.   Perjanjian bank (lanjutan)                         e.    Credit agreement (continued)

        MUFG Bank, Ltd. (“MUFG”) (lanjutan)                      MUFG Bank, Ltd. (“MUFG”) (continued)

        Fasilitas ini mengharuskan Perusahaan untuk              These facilities require the Company to comply to
        memenuhi beberapa persyaratan, diantaranya               certain requirement, among others, financial
        persyaratan rasio keuangan sebagaimana                   ratios as stipulated in the credit agreement:
        ditetapkan dalam perjanjian kredit:
         - Maksimal Rasio Hutang terhadap Ekuitas                - Maximal Debt to Equity Ratio of 3 times.
           sebesar 3 kali.
         - Minimal Current Ratio sebesar 1 kali.                 - Minimal Current Ratio of 1 times.

        Fasilitas ini diberikan tanpa jaminan (clean-            These facilities are provided on a clean-basis.
        basis).


34. INFORMASI SEGMEN                                    34. SEGMENT INFORMATION

   Ringkasan berikut ini menggambarkan bisnis utama        The following summary describes the core businesses
   dari setiap segmen yang dilaporkan Grup:                of each of the Group’s reportable segments:

   a)   Jasa hulu migas terintegrasi menyediakan jasa      a)    Integrated upstream oil and gas services provide
        pengukuran data geofisika/seismik, jasa                  geophysical/seismic data services, oil and gas
        pemboran migas dan jasa oilfield.                        drilling service and oilfield services.

   b)   Jasa penunjang migas menyediakan jasa              b)    Oil and gas support services provide threading
        penguliran, perdagangan pipa OCTG (Oil                   services, OCTG (Oil Country Tubular Goods) pipe
        Country Tubular Goods) dan fabrikasi,                    trading and manufacturing, threading for oil and
        pembuatan ulir (threading) untuk pemboran                gas drilling, data and information on energy and
        migas, jasa pengelolaan data dan informasi               mineral     resources    management      services
        energi dan sumber daya mineral (khususnya                (particularly oil and gas exploration and
        eksplorasi dan eksploitasi minyak dan gas                exploitation), oil and gas data management
        bumi), jasa pengelolaan data migas, jasa                 services, integrated information technology
        pembangunan sistem teknologi informasi                   development       services,    telecommunication
        terpadu, jasa telekomunikasi, jasa penyediaan            services, network services provider, satellite
        jaringan, telekomunikasi satelit dan sistem              communications and VSAT (Very-Small-Aperture
        komunikasi      VSAT     (Very-Small-Aperture            Terminal) based communication systems, ship
        Terminal), jasa penyewaan kapal laut dan agen            rental services and shipping agent of shipping
        perkapalan perusahaan pelayaran.                         company.

   c)   Penjualan barang dan jasa distribusi dan           c)    Sales of goods and energy distribution and
        logistik energi menyediakan jasa penyimpanan,            logistics services provide storage services,
        perdagangan, pendistribusian dan pemasaran               trading, distribution and marketing of oil and gas
        produk minyak dan gas di Indonesia.                      products in Indonesia.




                                                        121
                                                                                  2024 Annual Report PT ELNUSA Tbk            607
Page 610
                                                                                     The original consolidated financial statements included herein are in the
                                                                                                                                        Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                      PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                             NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                                     FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                                As of December 31, 2024
           dan untuk Tahun yang Berakhir                                                           and for the Year Then Ended
               pada Tanggal Tersebut                                                             (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                                           Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


34. INFORMASI SEGMEN (lanjutan)                                                    34. SEGMENT INFORMATION (continued)

      Informasi mengenai segmen yang dilaporkan dan                                    Information about reportable segments and
      rekonsiliasi antara ukuran segmen dengan jumlah                                  reconciliation between segment measure and the
      yang diakui dalam laporan keuangan konsolidasian                                 amount recognized in the consolidated financial
      adalah sebagai berikut:                                                          statements are as follows:
                                          31 Desember 2024 dan untuk Tahun yang Berakhir pada Tanggal Tersebut/
                                                     December 31, 2024 and for the Year Then Ended

                                                                     Penjualan
                                                                    barang dan
                                                                  jasa distribusi
                                                                    dan logistik
                                        Jasa                           energi/
                                    hulu migas         Jasa           Sales of
                                   terintegrasi/   penunjang        goods and         Jumlah
                                    Integrated       migas/            energy         sebelum
                                     upstream      Oil and gas      distribution     eliminasi/
                                    oil and gas     support        and logistics    Total before      Eliminasi/       Konsolidasian/
                                     services       services          services      elimination      Elimination        Consolidated
  Pendapatan eksternal                5.063.401      1.547.818        6.781.794      13.393.013                -          13.393.013                External revenues
  Pendapatan antarsegmen                 33.602        252.699          307.568         593.869         (593.869)                  -          Inter-segment revenues

  Total pendapatan                    5.097.003      1.800.517        7.089.362      13.986.882         (593.869)         13.393.013                  Total revenues

  Beban pokok pendapatan             (4.643.384)    (1.563.863)      (6.453.027)     (12.660.274)        592.159         (12.068.115)         Total cost of revenues

  Laba bruto                            453.619        236.654          636.335        1.326.608          (1.710)          1.324.898                      Gross profit
  Beban penjualan                        (2.266)        (1.329)            (880)           (4.475)                 -          (4.475)               Selling expenses
                                                                                                                                           General and administrative
  Beban umum dan administrasi          (301.608)       (90.034)        (129.539)        (521.181)          6.172            (515.009)                   expenses
  Pendapatan keuangan                   154.523         22.285           24.328          201.136          (2.578)            198.558                 Finance income
  Beban keuangan                        (75.607)       (25.198)         (27.761)        (128.566)          3.971            (124.595)              Finance expenses
  Lain-lain - neto                       45.556        (14.110)          (3.353)          28.093            (641)             27.452                      Others - net

  Laba sebelum pajak final dan                                                                                                             Profit before final tax and
  pajak penghasilan                     274.217        128.268          499.130           901.615          5.214             906.829                       income tax
  Beban pajak final                     (13.973)        (8.702)          (3.080)          (25.755)                 -         (25.755)                Final tax expense

  Laba sebelum pajak penghasilan        260.244        119.566          496.050           875.860          5.214             881.074        Profit before income tax
  Beban pajak penghasilan               (37.139)       (23.457)        (106.806)        (167.402)                  -        (167.402)             Income tax expense

  Laba tahun berjalan                   223.105         96.109          389.244           708.458          5.214             713.672               Profit for the year

  Penghasilan komprehensif lain                                                                                                          Other comprehensive income
  tahun berjalan setelah pajak          (25.046)        (1.853)          (7.234)          (34.133)         9.087             (25.046)            for the year after tax

  Total laba komprehensif                                                                                                               Total comprehensive income
  tahun berjalan                        198.059         94.256          382.010           674.325         14.301             688.626                    for the year

  Informasi-informasi lain                                                                                                                         Other information
  Total aset                          7.991.605      1.629.318        4.046.001      13.666.924       (3.038.624)         10.628.300                     Total assets
  Total liabilitas                    3.000.643        702.904        2.385.006       6.088.553         (363.727)          5.724.826                   Total liabilities
  Ekuitas - neto                      4.990.962        926.414        1.660.995       7.578.371       (2.674.897)          4.903.474                       Equity - net
  Penyusutan dan amortisasi            (255.012)       (87.845)        (320.470)       (663.327)          14.157            (649.170)   Depreciation and amortization
  Penambahan aset tetap                 139.846        109.590          165.479         414.915                -             414.915         Additions of fixed assets




                                                                                    122
608    PT ELNUSA Tbk Laporan Tahunan 2024
Page 611
                                                                                      The original consolidated financial statements included herein are in the
                                                                                                                                         Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                          PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                                 NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                                    As of December 31, 2024
        dan untuk Tahun yang Berakhir                                                               and for the Year Then Ended
            pada Tanggal Tersebut                                                                 (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                                               Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


34. INFORMASI SEGMEN (lanjutan)                                                    34. SEGMENT INFORMATION (continued)

   Informasi mengenai segmen yang dilaporkan dan                                        Information about reportable segments and
   rekonsiliasi antara ukuran segmen dengan jumlah                                      reconciliation between segment measure and the
   yang diakui dalam laporan keuangan konsolidasian                                     amount recognized in the consolidated financial
   adalah sebagai berikut: (lanjutan)                                                   statements are as follows: (continued)
                                          31 Desember 2023 dan untuk Tahun yang Berakhir pada Tanggal Tersebut/
                                                     December 31, 2023 and for the Year Then Ended

                                                                      Penjualan
                                                                     barang dan
                                                                   jasa distribusi
                                                                     dan logistik
                                        Jasa                            energi/
                                    hulu migas          Jasa           Sales of
                                   terintegrasi/    penunjang        goods and         Jumlah
                                    Integrated        migas/            energy         sebelum
                                     upstream       Oil and gas      distribution     eliminasi/
                                    oil and gas      support        and logistics    Total before      Eliminasi/       Konsolidasian/
                                     services        services          services      elimination      Elimination        Consolidated

  Pendapatan eksternal                4.225.808       1.644.519        6.694.064      12.564.391                -          12.564.391                   External revenues
  Pendapatan antarsegmen                 31.729         176.316          355.677         563.722         (563.722)                  -             Inter-segment revenues

  Total pendapatan                    4.257.537       1.820.835        7.049.741      13.128.113         (563.722)         12.564.391                     Total revenues

  Beban pokok pendapatan             (3.856.178)     (1.587.362)      (6.511.828)     (11.955.368)        560.679         (11.394.689)            Total cost of revenues

  Laba bruto                            401.359         233.473          537.913        1.172.745          (3.043)          1.169.702                         Gross profit
  Beban penjualan                         (4.522)        (1.331)           (1.709)          (7.562)                 -          (7.562)                  Selling expenses
                                                                                                                                               General and administrative
  Beban umum dan administrasi          (306.428)        (84.016)        (111.035)        (501.479)          8.991            (492.488)                      expenses
  Pendapatan keuangan                    55.851          14.641            7.602           78.094          (3.026)             75.068                    Finance income
  Beban keuangan                        (73.770)        (16.374)         (29.033)        (119.177)          3.956            (115.221)                 Finance expenses
  Lain-lain - neto                       26.805          (4.951)          (4.463)          17.391            (279)             17.112                         Others - net

  Laba sebelum pajak final dan                                                                                                                Profit before final tax and
  pajak penghasilan                      99.295         141.442          399.275           640.012          6.599             646.611                         income tax
  Beban pajak final                     (12.196)        (12.607)           (3.940)         (28.743)                 -         (28.743)                   Final tax expense

  Laba sebelum pajak penghasilan         87.099         128.835          395.335           611.269          6.599             617.868           Profit before income tax
  Beban pajak penghasilan               (20.083)        (21.170)         (73.484)        (114.737)                  -        (114.737)                Income tax expense

  Laba tahun berjalan                    67.016         107.665          321.851           496.532          6.599             503.131                  Profit for the year

  Penghasilan komprehensif lain                                                                                                             Other comprehensive income
  tahun berjalan setelah pajak          (15.242)         (1.499)             296           (16.445)         1.203             (15.242)              for the year after tax

  Total laba komprehensif                                                                                                                  Total comprehensive income
  tahun berjalan                         51.774         106.166          322.147           480.087          7.802             487.889                      for the year

  Informasi-informasi lain                                                                                                                             Other information
  Total aset                          7.055.508       1.511.198        3.679.254      12.245.960       (2.644.478)          9.601.482                        Total assets
  Total liabilitas                    2.552.298         626.202        2.234.171       5.412.671         (227.257)          5.185.414                      Total liabilities
  Ekuitas - neto                      4.503.210         884.996        1.445.083       6.833.289       (2.417.221)          4.416.068                          Equity - net
  Penyusutan dan amortisasi            (221.966)        (94.270)        (308.754)       (624.990)          12.871            (612.119)      Depreciation and amortization
  Penambahan aset tetap                 177.850         133.128          216.120         527.098            2.082             529.180            Additions of fixed assets


   Informasi tentang pelanggan utama                                                    Information on major customers

   Berikut ini adalah alokasi pendapatan usaha Grup                                     The following is the Group’s operating revenues
   berdasarkan kelompok pelanggan:                                                      allocation based on customer grouping:

                                                                Tahun yang Berakhir
                                                             pada Tanggal 31 Desember/
                                                              Year Ended December 31,

                                                                    2024                    2023
  Pihak ketiga                                                                                                                                    Third parties
    Bahan bakar minyak                                              1.489.552               1.949.588                                                Fuel oil
    Kontraktor bagi hasil                                             636.139                 704.933                         Production sharing contractors
    Pelanggan eceran/masyarakat                                        43.878                  38.518                               Retail customers/public
    Lainnya                                                           209.383                 200.197                                                Others
  Subtotal pihak ketiga                                             2.378.952               2.893.236                                        Sub-total third parties
  Pihak berelasi (Catatan 32i)                                     11.014.061               9.671.155                                    Related parties (Note 32i)
  Total                                                            13.393.013              12.564.391                                                               Total

                                                                                     123
                                                                                                                        2024 Annual Report PT ELNUSA Tbk                 609
Page 612
                                                                 The original consolidated financial statements included herein are in the
                                                                                                                    Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                               FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                          As of December 31, 2024
           dan untuk Tahun yang Berakhir                                     and for the Year Then Ended
               pada Tanggal Tersebut                                       (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                     Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


34. INFORMASI SEGMEN (lanjutan)                                34. SEGMENT INFORMATION (continued)

      Informasi tentang pelanggan utama (lanjutan)                 Information on major customers (continued)

      Grup tidak bergantung pada pendapatan dari suatu            The Group does not rely on revenue from any specific
      pelanggan tertentu karena jasa-jasa yang                    customer group due to the services provided by the
      disediakan oleh Grup bukan merupakan jenis jasa             Group are not being provided exclusively to a certain
      yang secara khusus diberikan untuk satu kelompok            group of customers.
      pelanggan tertentu.


35. LABA PER SAHAM                                             35. EARNINGS PER SHARE

      Rekonsiliasi perhitungan laba per saham adalah               The reconciliation of earnings per share calculation is
      sebagai berikut:                                             as follows:

                                                  Tahun yang Berakhir
                                               pada Tanggal 31 Desember/
                                                Year Ended December 31,

                                                   2024               2023
  Laba tahun berjalan yang dapat
    diatribusikan kepada pemilik                                                                 Profit for the year attributable to
    entitas induk                                    713.668           503.129                     owners of the parent entity
  Jumlah rata-rata tertimbang saham            7.298.500.000     7.298.500.000               Weighted average number of shares
  Laba per saham (nilai penuh)                         97,78               68,94               Earnings per share (full amount)


      Pada     tanggal    31    Desember     2024     dan          As of December 31, 2024 and 2023, there were no
      2023, tidak terdapat efek yang berpotensi dikonversi         securities potentially converted into ordinary shares
      menjadi saham biasa yang dapat menimbulkan                   that would give rise to a dilution of earnings per share.
      pengaruh dilusi pada laba per saham.


36. PENGUKURAN NILAI WAJAR                                     36. FAIR VALUE MEASUREMENT

      Nilai wajar didefinisikan sebagai jumlah dimana              Fair value is defined as the amount at which an
      instrumen tersebut dapat dipertukarkan di dalam              instrument could be exchanged in a current
      transaksi jangka pendek antara pihak yang                    transaction between knowledgeable willing parties in
      berkeinginan dan memiliki pengetahuan yang                   an arm's length transaction, other than in a forced or
      memadai melalui suatu transaksi yang wajar, selain           liquidation sale.
      di dalam penjualan terpaksa atau penjualan
      likuidasi.

      Instrumen keuangan yang disajikan dalam laporan              Financial instruments presented in the consolidated
      posisi keuangan konsolidasian dicatat sebesar nilai          statement of financial position are carried at fair value,
      wajar, atau disajikan dalam jumlah tercatat, baik            otherwise, they are presented at carrying amounts as
      karena jumlah tersebut mendekati nilai wajarnya              either these are reasonable approximation of fair
      atau karena nilai wajarnya tidak dapat diukur secara         values or their fair values cannot be reliably measured.
      andal.




                                                                124
610    PT ELNUSA Tbk Laporan Tahunan 2024
Page 613
                                                                 The original consolidated financial statements included herein are in the
                                                                                                                    Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                              As of December 31, 2024
        dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
            pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


36. PENGUKURAN NILAI WAJAR (lanjutan)                           36. FAIR VALUE MEASUREMENT (continued)

   Grup menentukan pengukuran nilai wajar untuk                    The Group determined the fair value measurement for
   tujuan pengungkapan setiap aset keuangan dan                    disclosure purposes of each financial asset and
   liabilitas keuangan berdasarkan metode dan asumsi               financial liability based on the following methods and
   sebagai berikut:                                                assumptions:

   -      Nilai wajar aset keuangan lancar dan liabilitas          -     The fair value of current financial assets and
          keuangan jangka pendek yang mencakup,                          current financial liabilities which includes, among
          antara lain, kas dan setara kas, piutang usaha,                others, cash and cash equivalents, trade
          aset keuangan lancar lainnya, pinjaman bank                    receivables, other current financial assets, short-
          jangka pendek, liabilitas imbalan kerja jangka                 term bank loans, short - term employee benefits
          pendek, utang usaha, liabilitas jangka pendek                  liability, trade payables, other non-current
          lainnya - utang lain-lain dan titipan pelanggan                liabilities - other payables and customer deposits
          dan beban akrual dan utang sukuk dianggap                      and accrued expenses dan sukuk payable are
          mendekati jumlah tercatatnya.                                  considered to approximate their carrying
                                                                         amounts.

   -      Estimasi nilai wajar aset keuangan tidak lancar          -     The estimated fair values of other non-current
          lainnya ditentukan dengan mendiskontokan                       financial assets are determined by discounting the
          arus kas masa depan menggunakan tingkat                        future cash flows using risk-free interest rates for
          suku bunga bebas risiko untuk instrumen                        similar instruments.
          serupa.

   -      Aset keuangan diukur pada NWPKL yang terdiri             -     Financial asset measured at FVOCI that
          dari investasi pada saham dengan persentase                    comprised investments in shares with percentage
          kepemilikan dibawah 20% dicatat pada biaya                     of ownership interest less than 20% are
          perolehan karena investasi pada instrumen                      recognized at cost due to such investments in
          ekuitas tersebut tidak memiliki kuotasi harga di               equity instruments have no quoted market price in
          pasar aktif dan nilai wajarnya tidak dapat diukur              an active market and their fair value cannot be
          secara handal.                                                 reliably measureable.

   -      Estimasi nilai wajar pinjaman bank jangka                -     The estimated fair values of long-term bank loans
          panjang ditentukan dengan mendiskontokan                       are determined by discounting the future cash
          arus kas masa depan dengan menggunakan                         flows using market interest rates for instruments
          tingkat suku bunga pasar untuk instrumen                       with similar terms, credit risk and remaining
          dengan syarat, risiko kredit dan jatuh tempo                   maturities.
          yang serupa.

   Tabel berikut menyajikan perbandingan jumlah                    The following table presents the comparison between
   tercatat dengan estimasi nilai wajar instrumen                  the carrying amounts and the estimated fair values of
   keuangan dalam laporan posisi keuangan                          financial instruments in the consolidated statement of
   konsolidasian.                                                  financial position.

                                         31 Desember/                   31 Desember/
                                         December 31,                   December 31,
                                             2024                           2023
                                     Jumlah       Estimasi         Jumlah          Estimasi
                                    tercatat/    nilai wajar/     tercatat/       nilai wajar/
                                    Carrying     Estimated        Carrying        Estimated
                                    amount        fair value      amount           fair value
  Aset keuangan                                                                                                 Financial assets
  Kas dan setara kas                 2.949.057      2.949.057      2.077.725         2.077.725          Cash and cash equivalents
  Piutang usaha - neto               3.154.215      3.154.215      3.011.104         3.011.104             Trade receivables - net
  Aset keuangan lancar lainnya -                                                                            Other current financial
     neto                              119.881       119.881            39.478          39.478                      assets - net
  Aset keuangan tidak lancar                                                                            Other non-current financial
     lainnya - neto                    229.602       229.602           379.502         379.502                      assets - net
  Total                              6.452.755      6.452.755      5.507.809         5.507.809                                   Total


                                                                125
                                                                                          2024 Annual Report PT ELNUSA Tbk             611
Page 614
                                                                                   The original consolidated financial statements included herein are in the
                                                                                                                                      Indonesian language.

       PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                 PT ELNUSA TBK AND ITS SUBSIDIARIES
        CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
                   KONSOLIDASIAN                                                                FINANCIAL STATEMENTS
              Tanggal 31 Desember 2024                                                           As of December 31, 2024
            dan untuk Tahun yang Berakhir                                                      and for the Year Then Ended
                pada Tanggal Tersebut                                                        (Expressed in Millions of Rupiah,
           (Disajikan dalam Jutaan Rupiah,                                                      Unless Otherwise Stated)
               Kecuali Dinyatakan Lain)


36. PENGUKURAN NILAI WAJAR (lanjutan)                                         36. FAIR VALUE MEASUREMENT (continued)

       Tabel berikut menyajikan perbandingan jumlah                                  The following table presents the comparison between
       tercatat dengan estimasi nilai wajar instrumen                                the carrying amounts and the estimated fair values of
       keuangan dalam laporan posisi keuangan                                        financial instruments in the consolidated statement of
       konsolidasian.(lanjutan)                                                      financial position. (continued)
                                                  31 Desember/                           31 Desember/
                                                  December 31,                           December 31,
                                                      2024                                   2023
                                              Jumlah            Estimasi             Jumlah          Estimasi
                                             tercatat/         nilai wajar/         tercatat/       nilai wajar/
                                             Carrying          Estimated            Carrying        Estimated
                                             amount             fair value          amount           fair value
  Liabilitas keuangan                                                                                                             Financial liabilities
  Pinjaman bank jangka pendek                   130.068            130.068             171.231             171.231              Short-term bank loans
  Utang usaha                                 1.154.736          1.154.736           1.004.817           1.004.817                     Trade payables
  Liabilitas jangka pendek lainnya                                                                                              Other current liabilities
     Titipan pelanggan                           45.835             45.835              28.484             28.484                Customer deposits
     Utang lain-lain                             24.303             24.303              26.181             26.181                    Other payables
  Liabilitas imbalan kerja                                                                                                       Short-term employee
     jangka pendek                              284.091            284.091             274.538            274.538                   benefits liability
  Beban akrual                                2.839.889          2.839.889           2.405.488           2.405.488                 Accrued expenses
  Utang sukuk                                   699.418            699.418             698.607             698.607                      Sukuk payable
  Pinjaman bank jangka panjang                  184.439            184.439                   -                   -               Long-term bank loan
  Liabilitas sewa                               143.077            143.077             373.379             373.379                       Lease liability
  Total                                       5.505.856          5.505.856           4.982.725           4.982.725                                     Total


       Hierarki Nilai Wajar                                                          Fair Value Hierarchy

       Hierarki nilai wajar Grup pada tanggal 31 Desember                            Fair value hierarchy of the Group as of December 31,
       2024 dan 2023 adalah sebagai berikut:                                         2024 and 2023 are as follows:
                                                                31 Desember 2024/December 31, 2024

                                                 Total/            Level 1/              Level 2/            Level 3/
                                                 Total             Level 1               Level 2             Level 3

  Aset yang nilai wajarnya diungkapkan                                                                                    Assets for which fair value are disclosed
  Aset tidak lancar                                                                                                                             Non-current Assets
  Aset tetap *)                                    1.555.054                   -             1.555.054                  -                            Fixed assets *)
  Properti investasi                                 573.050                   -               573.050                  -                      Investment properties

      *) Untuk aset tetap dengan nilai buku sebesar Rp903.727/For fixed assets with net book value of Rp903,727

                                                                31 Desember 2023/December 31, 2023

                                                 Total/            Level 1/              Level 2/            Level 3/
                                                 Total             Level 1               Level 2             Level 3

  Aset yang nilai wajarnya diungkapkan                                                                                    Assets for which fair value are disclosed
  Aset tidak lancar                                                                                                                             Non-current Assets
  Aset tetap *)                                    1.629.444                   -             1.629.444                  -                            Fixed assets *)
  Properti investasi                                 540.489                   -               540.489                  -                      Investment properties

      *) Untuk aset tetap dengan nilai buku sebesar Rp840.917/For fixed assets with net book value of Rp840,917

       Pada tanggal 31 Desember 2024, tidak terdapat                                 As of December 31, 2024, there is no transfer between
       pengalihan antara pengukuran nilai wajar level 1 dan                          measurement of fair value of level 1 and level 2.
       level 2.

       Tidak terdapat aset dan liabilitas lain yang diukur                           No other assets and liabilities have been measured
       dan diungkapkan selain yang telah dijelaskan diatas.                          and disclosed other than above explained.




                                                                              126
612     PT ELNUSA Tbk Laporan Tahunan 2024
Page 615
                                                              The original consolidated financial statements included herein are in the
                                                                                                                 Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                 PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                        NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                           As of December 31, 2024
        dan untuk Tahun yang Berakhir                                      and for the Year Then Ended
            pada Tanggal Tersebut                                        (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                      Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


37. MANAJEMEN RISIKO KEUANGAN                             37. FINANCIAL RISK MANAGEMENT

   Risiko utama dari instrumen keuangan Grup adalah             The main risks arising from the Group’s financial
   risiko tingkat suku bunga, risiko mata uang, risiko          instruments are interest rate risk, currency risk, credit
   kredit dan risiko likuiditas. Penelaahan Direksi dan         risk and liquidity risk. The Directors review and
   kebijakan yang disetujui untuk mengelola masing-             approve policies for managing each of these risks,
   masing risiko ini dijelaskan secara detail sebagai           which are described in more detail as follows:
   berikut:

   a.   Risiko tingkat suku bunga                               a.    Interest rate risk

        Risiko tingkat suku bunga Grup terutama timbul                The Group’s interest rate risk mainly arises from
        dari pinjaman untuk tujuan modal kerja dan                    loans for working capital and investment
        investasi. Pinjaman pada tingkat suku bunga                   purposes. Loans at floating rates expose the
        mengambang membuat Grup terekspos                             Group to cash flow interest rate risk.
        terhadap risiko suku bunga atas arus kas.

        Untuk pinjaman modal kerja dan investasi, Grup                For working capital and investment loans, the
        berusaha mengurangi risiko tingkat suku                       Group may seek to mitigate its interest rate risk by
        bunganya dengan cara mendapatkan struktur                     obtaining loans structured with competitive
        pinjaman dengan suku bunga kompetitif.                        interest rates.

        Tabel berikut ini menunjukkan sensitivitas                    The following table demonstrates the sensitivity to
        perubahan tingkat suku bunga pinjaman.                        changes in interest rates of the loans. The effect
        Dampak perubahan tingkat suku bunga                           of changes in interest rates of the loans to profit
        pinjaman terhadap laba sebelum pajak                          before income tax is as follows:
        penghasilan adalah sebagai berikut:

                                               Tahun yang Berakhir
                                            pada Tanggal 31 Desember/
                                             Year Ended December 31,

                                                2024               2023
        Kenaikan 50 basis poin                      2.397               7.505                        Increase by 50 basis points
        Penurunan 50 basis poin                    (2.397)             (7.505)                      Decrease by 50 basis points

        Penurunan/kenaikan laba sebelum pajak                         Such decrease/increase in profit before income
        penghasilan tersebut terutama sebagai akibat                  tax is mainly as a result of higher/lower interest
        kenaikan/penurunan        biaya    bunga atas                 expense on loans with floating interest rates. The
        pinjaman dengan tingkat bunga mengambang.                     analysis assumes that all other variables remain
        Analisis mengasumsikan bahwa seluruh                          constant.
        variabel lain tetap tidak berubah.

        Sehubungan dengan adanya reformasi acuan                      Following the reform of the floating interest rate
        suku bunga mengambang, Pada 31 Desember                       benchmark, on December 31, 2024, the Group
        2024, Grup telah menggunakan SFOR sebagai                     already used SFOR as benchmark interest rate
        acuan tingkat bunga untuk pinjaman bank                       for bank loans denominated in US Dollars.
        dalam mata uang Dolar AS.




                                                             127
                                                                                       2024 Annual Report PT ELNUSA Tbk            613
Page 616
                                                                                  The original consolidated financial statements included herein are in the
                                                                                                                                     Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                          NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                                  FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                             As of December 31, 2024
           dan untuk Tahun yang Berakhir                                                        and for the Year Then Ended
               pada Tanggal Tersebut                                                          (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                                        Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


37. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                        37. FINANCIAL RISK MANAGEMENT (continued)

      Risiko utama dari instrumen keuangan Grup adalah                              The main risks arising from the Group’s financial
      risiko tingkat suku bunga, risiko mata uang, risiko                           instruments are interest rate risk, currency risk, credit
      kredit dan risiko likuiditas. Penelaahan Direksi dan                          risk and liquidity risk. The Directors review and
      kebijakan yang disetujui untuk mengelola masing-                              approve policies for managing each of these risks,
      masing risiko ini dijelaskan secara detail sebagai                            which are described in more detail as follows:
      berikut: (lanjutan)                                                           (continued)

      b.    Risiko mata uang asing                                                  b.      Foreign currency risk

            Mata uang fungsional Grup adalah Rupiah.                                        The Group’s functional currency is the Rupiah.
            Grup dapat menghadapi risiko nilai tukar mata                                   The Group faces foreign exchange risk as its
            uang asing karena pinjaman, pendapatan dan                                      borrowings, revenues and the costs of certain key
            biaya beberapa pembelian utamanya dalam                                         purchases are either denominated in US Dollars
            mata uang Dolar AS atau harganya secara                                         or their prices are significantly influenced by their
            signifikan dipengaruhi oleh perubahan tolak                                     benchmark price movements in foreign currencies
            ukur harganya dalam mata uang asing                                             (mainly US Dollars). To the extent that the
            (terutama Dolar AS). Apabila pendapatan dan                                     revenue and purchases of the Group are
            pembelian Grup dalam mata uang selain                                           denominated in currencies other than Rupiah, and
            Rupiah tidak seimbang dalam hal jumlah                                          are not evenly matched in terms of amount and/or
            dan/atau pemilihan waktu, Grup terekspos                                        timing, the Group has exposure to foreign
            risiko mata uang asing.                                                         currency risk.

            Grup tidak mempunyai kebijakan lindung nilai                                    The Group does not have any formal hedging
            yang formal untuk laju pertukaran mata uang                                     policy for foreign exchange exposure. However, in
            asing. Bagaimanapun, terkait dengan hal-hal                                     relation to the matters discussed in the preceding
            yang telah didiskusikan pada paragraf di atas,                                  paragraph, the fluctuations in the exchange rates
            fluktuasi dalam nilai tukar Rupiah dan Dolar AS                                 between the Rupiah and US Dollar provide some
            menghasilkan lindung nilai natural untuk laju                                   degree of natural hedge for the Group’s foreign
            nilai tukar Grup.                                                               exchange exposure.

            Grup memiliki aset dan liabilitas moneter dalam                                 The Group’s monetary assets and liabilities
            mata uang asing sebagai berikut:                                                denominated in foreign currencies are as follows:
                                               31 Desember/December 31, 2024     31 Desember/December 31, 2023

                                               Dalam mata       Setara dalam       Dalam mata        Setara dalam
                                               uang asing/        Rupiah/          uang asing/         Rupiah/
                                                In foreign       Equivalent         In foreign        Equivalent
                                               currencies        in Rupiah         currencies         in Rupiah

           Aset                                                                                                                                    Assets
           Kas dan setara kas                 $AS 10.722.845          173.249    $AS 6.425.047              99.197               Cash and cash equivalents
           Piutang usaha                      $AS 48.195.148          778.689    $AS 51.731.742            798.687                       Trade receivables
                                              $SG     25.253              301    $SG     25.267                296
           Aset keuangan lancar lainnya       $AS    673.762           10.886    $AS    673.762             10.403             Other current financial assets
           Aset lain-lain                     $AS        509                8    $AS        509                  8                              Other assets
                                              €      242.500            4.086    €      242.500              4.156

                                                                      967.219
           Total                                                                                           912.747                                      Total

           Liabilitas                                                                                                                            Liabilities
           Pinjaman bank jangka pendek        $AS     422.400           6.825    $AS     3.670.769          56.673                    Short-term bank loans
           Utang usaha                        $AS   6.913.722         111.705    $AS     1.891.590          29.205                           Trade payables
                                              $SG      30.623             365    $SG       110.795           1.298
                                              £        33.493             681    £          27.117             536
           Liabilitas jangka pendek lainnya   $AS     158.068           2.554    $AS       139.905           2.160                    Other current liabilities
           Beban akrual                       $AS   9.160.337         148.004    $AS     9.192.253         141.920                       Accrued expenses

           Total                                                      270.134                              231.792                                      Total

           Aset neto                                                  697.085                              680.955                                Net assets




                                                                                128
614    PT ELNUSA Tbk Laporan Tahunan 2024
Page 617
                                                                The original consolidated financial statements included herein are in the
                                                                                                                   Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                    PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                           NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                              As of December 31, 2024
        dan untuk Tahun yang Berakhir                                         and for the Year Then Ended
            pada Tanggal Tersebut                                           (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                         Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


37. MANAJEMEN RISIKO KEUANGAN (lanjutan)                    37. FINANCIAL RISK MANAGEMENT (continued)

   Risiko utama dari instrumen keuangan Grup adalah               The main risks arising from the Group’s financial
   risiko tingkat suku bunga, risiko mata uang, risiko            instruments are interest rate risk, currency risk, credit
   kredit dan risiko likuiditas. Penelaahan Direksi dan           risk and liquidity risk. The Directors review and
   kebijakan yang disetujui untuk mengelola masing-               approve policies for managing each of these risks,
   masing risiko ini dijelaskan secara detail sebagai             which are described in more detail as follows:
   berikut: (lanjutan)                                            (continued)

   b.   Risiko mata uang asing (lanjutan)                         b.     Foreign currency risk (continued)

        Apabila aset dan liabilitas moneter dalam mata                   Had monetary assets and liabilities denominated
        uang asing pada tanggal 31 Desember 2024                         in foreign currencies as of December 31, 2024
        dijabarkan ke dalam           Rupiah dengan                      been translated to the Rupiah using JISDOR and
        menggunakan JISDOR dan kurs tengah                               the middle rate transaction published by Bank
        transaksi yang dipublikasikan Bank Indonesia                     Indonesia as of March 19, 2025 the net monetary
        pada tanggal 19 Maret 2025, maka aset                            assets would have been increased by
        moneter neto akan naik sebesar Rp12.010.                         approximately Rp12,010.

        Tabel berikut ini menunjukkan sensitivitas                       The following table demonstrates the sensitivity to
        perubahan nilai tukar mata uang asing. Dampak                    changes in the exchange rate of foreign
        perubahan nilai tukar mata uang asing terhadap                   currencies. The effect of changes in the exchange
        laba sebelum pajak penghasilan adalah                            rate of foreign currencies to profit before income
        sebagai berikut:                                                 tax is as follows:

                                                 Tahun yang Berakhir
                                              pada Tanggal 31 Desember/
                                               Year Ended December 31,

                                                 2024                  2023
         Penguatan 1%                                 6.971               6.810                               Strengthening by 1%
         Pelemahan 1%                                (6.971)             (6.810)                                 Weakening by 1%

        Analisis mengasumsikan bahwa seluruh                             The analysis assumes that all other variables, in
        variabel lain, khususnya tingkat suku bunga,                     particular interest rates, remain constant and
        tetap tidak berubah dan mengabaikan dampak                       ignores any impact of forecasted sales and
        atas perkiraan penjualan dan pembelian.                          purchases.
   c.   Risiko kredit                                             c.     Credit risk

        Eksposur maksimum Grup terhadap risiko                           The Group’s maximum exposure to credit risk is
        kredit adalah senilai dengan jumlah tercatat dari                equal to the carrying amount of each financial
        setiap aset keuangan.                                            assets.
        Risiko kredit utama yang dihadapi oleh Grup                      The main credit risk faced by the Group arises
        berasal dari kredit yang diberikan kepada                        from the credit granted to its customers. To
        pelanggan. Untuk meringankan risiko ini, ada                     mitigate this risk, it has policies in place to ensure
        kebijakan untuk       memastikan penjualan                       that sales of services/products are made only to
        jasa/produk hanya dibuat kepada pelanggan                        creditworthy customers with proven track records
        yang dapat dipercaya dan terbukti mempunyai                      or good credit history. It is the Group’s policy that
        rekam jejak atau sejarah kredit yang baik. Ini                   all customers who wish to trade services/products
        merupakan kebijakan Grup dimana semua                            on credit are subject to credit verification
        pelanggan yang akan melakukan pembelian                          procedures. For revenues, the Group may grant
        jasa/produk secara kredit harus melalui                          its customers credit terms from the issue of
        prosedur verifikasi kredit. Untuk pendapatan,                    invoices. In addition, receivables balances are
        Grup memberikan jangka waktu kredit dari                         monitored on an ongoing basis to reduce
        faktur yang diterbitkan. Sebagai tambahan,                       exposure to bad debts.
        saldo piutang dipantau secara terus menerus
        untuk mengurangi kemungkinan piutang yang
        tidak tertagih.


                                                               129
                                                                                         2024 Annual Report PT ELNUSA Tbk            615
Page 618
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                             As of December 31, 2024
           dan untuk Tahun yang Berakhir                                        and for the Year Then Ended
               pada Tanggal Tersebut                                          (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                        Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


37. MANAJEMEN RISIKO KEUANGAN (lanjutan)                        37. FINANCIAL RISK MANAGEMENT (continued)

      Risiko utama dari instrumen keuangan Grup adalah              The main risks arising from the Group’s financial
      risiko tingkat suku bunga, risiko mata uang, risiko           instruments are interest rate risk, currency risk, credit
      kredit dan risiko likuiditas. Penelaahan Direksi dan          risk and liquidity risk. The Directors review and
      kebijakan yang disetujui untuk mengelola masing-              approve policies for managing each of these risks,
      masing risiko ini dijelaskan secara detail sebagai            which are described in more detail as follows:
      berikut: (lanjutan)                                           (continued)

      c.    Risiko kredit (lanjutan)                                c.     Credit risk (continued)

            Tabel berikut menyajikan analisis umur piutang                 The following table presents the aging analysis of
            usaha.                                                         trade receivables.
                                               31 Desember/      31 Desember/
                                               December 31,      December 31,
                                                   2024              2023

           Belum jatuh tempo                        2.806.332            2.765.157                                  Not yet overdue
           Lewat jatuh tempo                                                                                               Overdue
               1-30 hari                             274.026              167.212                                      1-30 days
               31-60 hari                             31.171               44.349                                     31-60 days
               61-150 hari                            21.294               19.355                                   61-150 days
               Lebih dari 150 hari                   223.798              212.780                                  Over 150 days
           Total                                    3.356.621            3.208.853                                             Total
           Penyisihan penurunan nilai                (202.406)            (197.749)                        Allowance for impairment
           Neto                                     3.154.215            3.011.104                                                  Net


            Risiko piutang usaha yang belum jatuh tempo                    The risk of trade receivables that are neither
            dan tidak mengalami penurunan nilai untuk                      overdue nor impaired becoming impaired is low as
            mengalami penurunan nilai adalah kecil karena                  the parties have a good track record with the
            debitur memiliki rekam jejak yang baik dengan                  Group.
            Grup.

            Tergantung pada penilaian Grup, penyisihan                     Depending on the Group’s assessment, specific
            khusus mungkin dibuat jika piutang dianggap                    allowance may be made if a receivable was
            tidak tertagih.                                                deemed uncollectible.

      d.    Risiko likuiditas                                       d.     Liquidity risk

            Grup mengelola profil likuiditasnya untuk dapat                The Group manages its liquidity profile to be able
            mendanai    pengeluaran        modalnya     dan                to finance its capital expenditure and manage its
            mengelola utang yang jatuh tempo dengan                        maturing debts by maintaining sufficient cash and
            menjaga kas yang cukup dan ketersediaan                        the availability of funding through an adequate
            pendanaan melalui jumlah fasilitas kredit                      amount of committed credit facilities.
            berkomitmen yang cukup.

            Grup secara reguler mengevaluasi proyeksi                      The Group regularly evaluates its projected and
            arus kas dan terus menerus menilai kondisi                     actual cash flow information and continuously
            pasar   keuangan    untuk      mengevaluasi                    assesses conditions in the financial markets to
            kemungkinan mengejar inisiatif penggalangan                    evaluate the possibility of pursuing fund-raising
            dana.                                                          initiatives.




                                                                 130
616    PT ELNUSA Tbk Laporan Tahunan 2024
Page 619
                                                                                        The original consolidated financial statements included herein are in the
                                                                                                                                           Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                           PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                                  NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                                     As of December 31, 2024
        dan untuk Tahun yang Berakhir                                                                and for the Year Then Ended
            pada Tanggal Tersebut                                                                  (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                                                Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


37. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                              37. FINANCIAL RISK MANAGEMENT (continued)

   Risiko utama dari instrumen keuangan Grup adalah                                       The main risks arising from the Group’s financial
   risiko tingkat suku bunga, risiko mata uang, risiko                                    instruments are interest rate risk, currency risk, credit
   kredit dan risiko likuiditas. Penelaahan Direksi dan                                   risk and liquidity risk. The Directors review and
   kebijakan yang disetujui untuk mengelola masing-                                       approve policies for managing each of these risks,
   masing risiko ini dijelaskan secara detail sebagai                                     which are described in more detail as follows:
   berikut: (lanjutan)                                                                    (continued)

   d.   Risiko likuiditas (lanjutan)                                                      d.      Liquidity risk (continued)

        Tabel berikut menyajikan profil jangka waktu                                              The following table presents the maturity profile of
        pembayaran       liabilitas keuangan    Grup                                              the Group’s financial liabilities based on
        berdasarkan pembayaran kontraktual yang                                                   undiscounted contractual payments.
        tidak didiskontokan.
                                                                  31 Desember/December 31, 2024

                                                                                                        Biaya            Jumlah
                                                                                                      pinjaman/         tercatat/
                                   < 1 tahun/    1-2 tahun/          2-3 tahun/                        Costs of         Carrying
                                    < 1 year     1-2 years           2-3 years            Total          loan           amounts

        Pinjaman bank jangka
            pendek                     130.068                -                   -        130.068                -        130.068         Short-term bank loans
        Utang usaha                  1.154.736                -                   -      1.154.736                -      1.154.736                Trade payables
        Liabilitas jangka pendek
            lainnya:                                                                                                                      Other current liabilities:
             Utang lain-lain            24.303                -                   -          24.303               -         24.303            Other payables
             Titipan pelanggan          45.835                -                   -          45.835               -         45.835         Customer deposits
        Liabilitas imbalan kerja                                                                                                            Short-term employee
             jangka pendek             284.091                -                   -        284.091                -        284.091             benefits liability
        Beban akrual                 2.839.889                -                   -      2.839.889                -      2.839.889            Accrued expenses
        Pinjaman bank jangka                                                                                                                     Long-term bank
              panjang                  31.000              -            153.733             184.733          (294)         184.439                        loans
        Utang sukuk                   700.000              -                  -             700.000          (582)         699.418                Sukuk payable
        Liabilitas sewa               118.118         11.635             22.591             152.344             -          152.344               Lease liabilities

        Total                        5.328.040        11.635            176.324          5.515.999           (876)       5.515.123                           Total




                                                                  31 Desember/December 31, 2023

                                                                                                        Biaya            Jumlah
                                                                                                      pinjaman/         tercatat/
                                   < 1 tahun/    1-2 tahun/          2-3 tahun/                        Costs of         Carrying
                                    < 1 year     1-2 years           2-3 years            Total          loan           amounts

        Pinjaman bank jangka
            pendek                     171.231                -                   -        171.231                -        171.231         Short-term bank loans
        Utang usaha                  1.004.817                -                   -      1.004.817                -      1.004.817                Trade payables
        Liabilitas jangka pendek
            lainnya:                                                                                                                      Other current liabilities:
             Utang lain-lain            26.181                -                   -          26.181               -         26.181            Other payables
             Titipan pelanggan          28.484                -                   -          28.484               -         28.484         Customer deposits
        Liabilitas imbalan kerja                                                                                                            Short-term employee
             jangka pendek             274.538            -                    -           274.538              -          274.538             benefits liability
        Beban akrual                 2.405.488            -                    -         2.405.488              -        2.405.488            Accrued expenses
        Utang sukuk                          -      700.000                    -           700.000         (1.393)         698.607                Sukuk payable
        Liabilitas sewa                255.042      111.140               30.363           396.545              -          396.545               Lease liabilities

        Total                        4.165.781      811.140               30.363         5.007.284         (1.393)       5.005.891                           Total



   e.   Pengelolaan modal                                                                 e.      Capital management

        Tujuan Grup dalam pengelolaan modal adalah                                                The Group’s objectives when managing capital
        untuk mempertahankan kelangsungan usaha                                                   are to safeguard the Group’s ability to continue as
        Grup guna memberikan imbal hasil kepada                                                   a going concern in order to provide returns for
        pemegang saham dan manfaat kepada                                                         shareholders and benefits to other stakeholders
        pemangku kepentingan lainnya serta menjaga                                                and to maintain an optimum capital structure
        struktur modal yang optimal yang meliputi utang                                           covering debt and equity to minimise the cost of
        dan ekuitas untuk mengurangi biaya modal.                                                 capital.



                                                                                      131
                                                                                                                      2024 Annual Report PT ELNUSA Tbk            617
Page 620
                                                                 The original consolidated financial statements included herein are in the
                                                                                                                    Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                  PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                            As of December 31, 2024
           dan untuk Tahun yang Berakhir                                       and for the Year Then Ended
               pada Tanggal Tersebut                                         (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                       Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


37. MANAJEMEN RISIKO KEUANGAN (lanjutan)                       37. FINANCIAL RISK MANAGEMENT (continued)

      Risiko utama dari instrumen keuangan Grup adalah             The main risks arising from the Group’s financial
      risiko tingkat suku bunga, risiko mata uang, risiko          instruments are interest rate risk, currency risk, credit
      kredit dan risiko likuiditas. Penelaahan Direksi dan         risk and liquidity risk. The Directors review and
      kebijakan yang disetujui untuk mengelola masing-             approve policies for managing each of these risks,
      masing risiko ini dijelaskan secara detail sebagai           which are described in more detail as follows:
      berikut: (lanjutan)                                          (continued)

      e.   Pengelolaan modal (lanjutan)                            e.     Capital management (continued)

           Secara periodik, Grup melakukan penilaian                      Periodically, the Group conducts debt valuation to
           utang untuk menilai kemungkinan pembiayaan                     assess possibilities of refinancing existing debts
           kembali utang yang ada dengan utang baru                       with new ones which have more efficient cost that
           yang memiliki biaya yang lebih efisien sehingga                will lead to more optimized cost-of-debt.
           mengoptimalkan biaya utang.

           Grup dipersyaratkan oleh Undang-undang                         The Group is required by the Limited Liability
           No. 40 tahun 2007 tentang Perseroan Terbatas                   Company Law No. 40 of 2007 to allocate and
           untuk mengalokasikan dana cadangan yang                        maintain a non-distributable reserve fund until
           tidak boleh didistribusikan sampai dengan 20%                  such reserve reaches 20% of the issued and fully
           dari modal saham ditempatkan dan disetor                       paid capital stock. This externally imposed capital
           penuh. Persyaratan permodalan eksternal                        requirement is considered by the Group in the
           tersebut dipertimbangkan oleh Grup dalam                       General Meeting of Shareholders.
           Rapat Umum Pemegang Saham.

           Perusahaan, EPN dan EFK dipersyaratkan                         The Company, EPN and EFK are required to
           untuk memelihara tingkat permodalan tertentu                   maintain certain level of capital by bank loan
           oleh perjanjian pinjaman bank (Catatan 16 dan                  agreements (Notes 16 and 21). As of December
           21). Pada tanggal 31 Desember 2024 dan                         31, 2024 and 2023, this externally imposed capital
           2023, persyaratan permodalan eksternal                         requirement has been complied.
           tersebut telah dipenuhi.

           Strategi Grup adalah mempertahankan rasio                      The Group’s strategy is to maintain the maximum
           utang terhadap ekuitas maksimal sebesar                        debt to equity ratio at 3 times and the minimum
           3 kali dan rasio pengembalian utang minimal                    debt service coverage ratio at 1.1 times.
           sebesar 1,1 kali.

           Rasio utang terhadap ekuitas dihitung                          Debt to equity ratio was calculated by comparing
           berdasarkan total liabilitas dibandingkan                      total liabilities to net equity. The calculation of debt
           dengan ekuitas neto. Perhitungan rasio utang                   to equity ratios is as follows:
           terhadap ekuitas adalah sebagai berikut:

                                              31 Desember/      31 Desember/
                                              December 31,      December 31,
                                                  2024               2023
           Total liabilitas                        5.724.826            5.185.414                                      Total liabilities
           Ekuitas - neto                          4.903.474            4.416.068                                        Equity - net
           Rasio utang terhadap ekuitas                  1,2                  1,2                               Debt to equity ratio




                                                               132
618    PT ELNUSA Tbk Laporan Tahunan 2024
Page 621
                                                                             The original consolidated financial statements included herein are in the
                                                                                                                                Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                 PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                                        NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                                FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                                           As of December 31, 2024
        dan untuk Tahun yang Berakhir                                                      and for the Year Then Ended
            pada Tanggal Tersebut                                                        (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                                      Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


37. MANAJEMEN RISIKO KEUANGAN (lanjutan)                                   37. FINANCIAL RISK MANAGEMENT (continued)

   Risiko utama dari instrumen keuangan Grup adalah                            The main risks arising from the Group’s financial
   risiko tingkat suku bunga, risiko mata uang, risiko                         instruments are interest rate risk, currency risk, credit
   kredit dan risiko likuiditas. Penelaahan Direksi dan                        risk and liquidity risk. The Directors review and
   kebijakan yang disetujui untuk mengelola masing-                            approve policies for managing each of these risks,
   masing risiko ini dijelaskan secara detail sebagai                          which are described in more detail as follows:
   berikut: (lanjutan)                                                         (continued)

   e.     Pengelolaan modal (lanjutan)                                         e.     Capital management (continued)

          Rasio    pengembalian      utang    dihitung                                Debt service coverage ratio was calculated by
          berdasarkan laba sebelum pajak, bunga,                                      comparing earning before tax, interest,
          penyusutan dan amortisasi dikurangi dividen                                 depreciation and amortization less dividend to
          terhadap pembayaran pokok dan bunga.                                        principal and interest payment. Principal and
          Pembayaran pokok dan bunga tidak termasuk                                   interest payment exclude early repayment made.
          pelunasan yang dipercepat. Perhitungan rasio                                The calculation of debt service coverage ratios is
          pengembalian utang adalah sebagai berikut:                                  as follows:

                                                          Tahun yang Berakhir
                                                       pada Tanggal 31 Desember/
                                                        Year Ended December 31,

                                                           2024                     2023
          Laba sebelum pajak, bunga,                                                                      Profit before tax, interest, depreciation
              penyusutan dan amortisasi                    1.677.790                1.374.239                                  and amortization
          Dividen                                            201.220                  189.032                                             Dividend
          Pembayaran pokok dan bunga                         368.350                  329.199                      Principal and interest payment
          Rasio pengembalian utang                                  4,01                 3,60                      Debt service coverage ratio




38. TAMBAHAN INFORMASI ARUS KAS                                            38. SUPPLEMENTARY CASH FLOWS INFORMATION

   Aktivitas signifikan yang tidak mempengaruhi arus                           Significant activities which did not affect the Group’s
   kas Grup adalah sebagai berikut:                                            cash flows are as follows:

                                                          Tahun yang Berakhir
                                                       pada Tanggal 31 Desember/
                                                        Year Ended December 31,

                                                           2024                     2023
  Penambahan aset tetap melalui:                                                                                Addition of fixed assets through:
    Utang usaha                                                85.378                103.019                                    Trade payable

   Perubahan pada liabilitas yang timbul dari aktivitas                        Movement of liabilities arising from financing activities
   pendanaan pada laporan arus kas konsolidasian                               in the consolidated statement of cash flows are as
   adalah sebagai berikut:                                                     follows:
                                                                       Non- arus kas/Non-cash flow
                                                                                                           31 Desember
                                                                    Selisih kurs/                              2024/
                                 1 Januari 2024/   Arus kas/      Foreign exchange         Lainnya/        December 31,
                                 January 1, 2024   Cash flow         difference             Others             2024
  Pinjaman bank jangka pendek           171.231        (43.969)              2.806                    -           130.068      Short-term bank loans
  Pinjaman bank jangka panjang                -        184.733                   -                (294)           184.439      Long-term bank loans
  Utang sukuk                           698.607              -                   -                  811           699.418             Sukuk payable
  Liabilitas sewa                       373.379       (258.490)                  -               28.188           143.077             Lease liabilities
  Total                                1.243.217      (117.726)              2.806               28.705         1.157.002                        Total




                                                                           133
                                                                                                      2024 Annual Report PT ELNUSA Tbk               619
Page 622
                                                                           The original consolidated financial statements included herein are in the
                                                                                                                              Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                          PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                                 NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                                    As of December 31, 2024
           dan untuk Tahun yang Berakhir                                               and for the Year Then Ended
               pada Tanggal Tersebut                                                 (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                               Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


38. TAMBAHAN INFORMASI ARUS KAS (lanjutan)                              38. SUPPLEMENTARY CASH FLOWS INFORMATION
                                                                            (continued)

      Perubahan pada liabilitas yang timbul dari aktivitas                   Movement of liabilities arising from financing activities
      pendanaan pada laporan arus kas konsolidasian                          in the consolidated statement of cash flows are as
      adalah sebagai berikut: (lanjutan)                                     follows: (continued)
                                                                      Non- arus kas/Non-cash flow
                                                                                                       31 Desember
                                                                   Selisih kurs/                           2023/
                                1 Januari 2023/   Arus kas/      Foreign exchange      Lainnya/        December 31,
                                January 1, 2023   Cash flow         difference          Others             2023
  Pinjaman bank jangka pendek          128.258         43.261                (288)                 -          171.231        Short-term bank loans
  Utang sukuk                          697.866              -                   -                741          698.607               Sukuk payable
  Liabilitas sewa                      578.847       (258.639)                  -             53.171          373.379               Lease liabilities
  Total                               1.404.971      (215.378)               (288)            53.912        1.243.217                          Total




      Perusahaan memiliki transaksi non-cash yang                            The company has non-cash transactions related to a
      berkaitan dengan reverse factoring arrangement.                        reverse factoring arrangement. Although no cash
      Meskipun tidak ada penerimaan kas yang terjadi,                        receipts occur,during the year 2024 and 2023, The
      selama tahun 2024 dan 2023, Grup mencatat utang                        Group records accounts payable as a short-term bank
      usaha sebagai pinjaman bank jangka pendek                              loan of Rp85,814 and Rp85,756, respectively. This
      masing-masing sebesar Rp85.814 dan Rp85.756.                           transaction does not affect the reported cash flow but
      Transaksi ini tidak mempengaruhi arus kas yang                         is disclosed to provide complete information regarding
      dilaporkan, tetapi diungkapkan untuk memberikan                        the company's obligations.
      informasi yang lengkap mengenai kewajiban
      perusahaan.


39. PERISTIWA SETELAH TANGGAL PELAPORAN                                 39. EVENTS AFTER REPORTING PERIOD

      a. Pada tanggal 15 Januari 2025, ETSA menerima                           a. On January 15, 2025, ETSA received a refund for
         pengembalian lebih bayar pajak atas Surat                                overpaid taxes based on the Preliminary Tax
         Keputusan      Pengembalian     Pendahuluan                              Overpayment Refund Decision Letter (SKPPKP)
         Kelebihan Pajak (SKPPKP) PPN periode pajak                               for the VAT period of May and June 2024, dated
         Mei dan Juni 2024 tanggal 28 November 2024.                              November 28, 2024. After being compensated for
         Setelah dikompensasikan dengan kurang bayar                              underpaying taxes for the same tax period, the
         pajak untuk masa pajak yang sama, jumlah yang                            amount received is Rp8,663.
         diterima sebesar Rp8.663.

      b. Pada tanggal 31 Januari 2025, Perusahaan, EFK                         b. On January 31, 2025, the Company, EFK and
         dan     ETSA     menandatangani     Perubahan                            ETSA signed an Amendment to the Credit
         Perjanjian Kredit dengan PT Bank UOB                                     Agreement with PT Bank UOB Indonesia
         Indonesia terkait fasilitas Multi Option Trade                           regarding the Multi Option Trade facilities for
         untuk keperluan modal kerja yang terdiri dari                            working capital purposes consisting of
         LC/SKBDN, BEP-Buyer, Invoice Financing (“IF”),                           LC/SKBDN, BEP-Buyer, Invoice Financing (“IF”),
         Bank Guarantee (“BG”), RCF, SBLC, Trust                                  Bank Guarantee (“BG”), RCF, SBLC, Trust
         Receipt (“TR”), dan Clean Trust Receipt (“CTR”)                          Receipt (“TR”), and Clean Trust Receipt (“CTR”)
         dengan batas maksimum gabungan sebesar                                   with    a   maximum      combined     limit  of
         $AS20.000.000.                                                           US$20,000,000.

          Fasilitas TR, CTR dan IF dikenakan bunga                                   The TR, CTR and IF facilities bear interest at the
          sebesar SOFR (Secured Overnight Financing                                  rate of SOFR (Secured Overnight Financing
          Rate) ditambah marjin tertentu per tahun untuk                             Rate) plus certain margin per annum for
          penarikan dalam Dolar AS dan JIBOR ditambah                                withdrawal in US Dollar and JIBOR plus certain
          marjin tertentu per tahun untuk penarikan                                  margin per annum for withdrawal in Rupiah.
          dalamRupiah. Fasilitas ini berjangka waktu                                 These facilities are available until February 1,
          sampai dengan tanggal 1 Februari 2026.                                     2026.


                                                                         134
620    PT ELNUSA Tbk Laporan Tahunan 2024
Page 623
                                                           The original consolidated financial statements included herein are in the
                                                                                                              Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                       NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                               FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                          As of December 31, 2024
        dan untuk Tahun yang Berakhir                                     and for the Year Then Ended
            pada Tanggal Tersebut                                       (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                     Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


39. PERISTIWA SETELAH TANGGAL PELAPORAN                  39. EVENTS AFTER REPORTING PERIOD (continued)
    (lanjutan)

   c. Pada tanggal 11 Februari 2025, Perusahaan                c. On February 11, 2025, the Company received a
      menerima Surat Ketetapan Pajak Lebih Bayar                  Tax Overpayment Determination Letter for
      atas pajak penghasilan badan tahun pajak 2023               corporate income tax for the 2023 tax year
      sebesar Rp35.218.                                           amounting to Rp35,218.

   d. Pada tanggal 16 Februari 2025, EFK menerima              d. On February 16, 2025, EFK received tax refunds
      restitusi pajak atas Surat Ketetapan Lebih Bayar            for the Overpayment Tax Assessment Letter
      (SKPLB) PPN periode Desember 2023 tanggal                   (SKPLB) for the VAT period of December 2023,
      31 Desember 2024. Setelah dikompensasikan                   dated December 31, 2024. After being
      dengan kurang bayar pajak untuk masa pajak                  compensated by underpaying taxes for the same
      yang sama, jumlah yang diterima sebesar                     tax period, the amount received was Rp44,739.
      Rp44.739.

   e. Pada tanggal 19 Februari 2025, ETSA menerima             e. On February 19, 2025, ETSA received a refund
      pengembalian lebih bayar pajak atas Surat                   for overpaid taxes based on the Preliminary Tax
      Keputusan      Pengembalian      Pendahuluan                Overpayment Refund Decision Letter (SKPPKP)
      Kelebihan Pajak (SKPPKP) PPN periode pajak                  for the VAT period of July 2024, dated January
      Juli 2024 tanggal 14 Januari 2025. Setelah                  14, 2025. After being compensated by
      dikompensasikan dengan kurang bayar pajak                   underpaying taxes for the same tax period, the
      untuk masa pajak yang sama, jumlah yang                     amount received is Rp4,005.
      diterima sebesar Rp4.005.

   f. Pada tanggal 26 dan 28 Februari 2025,                    f.    On February 26 and 28, 2025, the Company
      Perusahaan menerima Surat Keputusan                            received the Preliminary Tax Overpayment
      Pengembalian Pendahuluan Kelebihan Pajak                       Refund Decision Letter (SKPPKP) for VAT for the
      (SKPPKP) PPN periode pajak Januari dan April                   tax periods of January and April 2024, amounting
      2024 masing-masing sebesar Rp20.197 dan                        to Rp20,197 and Rp6,515, respectively.
      Rp6.515.

   g. Pada tanggal 6 Maret 2025, ETSA menerima                 g. On March 6, 2025, ETSA received a refund for
      pengembalian lebih bayar pajak atas Surat                   overpaid taxes based on the Preliminary Tax
      Keputusan      Pengembalian      Pendahuluan                Overpayment Refund Decision Letter (SKPPKP)
      Kelebihan Pajak (SKPPKP) PPN periode pajak                  for the VAT period of August 2024, dated
      Agustus 2025 tanggal 4 Februari 2025. Setelah               February 4, 2025. After being compensated by
      dikompensasikan dengan kurang bayar pajak                   underpaying taxes for the same tax period, the
      untuk masa pajak yang sama, jumlah yang                     amount received is Rp3,491.
      diterima sebesar Rp3.491.


40. INFORMASI KEUANGAN ENTITAS INDUK                     40. PARENT ENTITY FINANCIAL INFORMATION

   Berikut ini adalah Informasi Keuangan terpisah            The following is separate PT Elnusa Tbk (the Parent
   PT Elnusa Tbk (Entitas Induk), terdiri dari laporan       Entity)’s Financial Information, consisting of the
   posisi keuangan Entitas Induk pada tanggal 31             statement of financial position of the Parent Entity as
   Desember 2024 dan laporan laba rugi dan                   of December 31, 2024 and statements of profit or loss
   penghasilan komprehensif lain, laporan perubahan          and other comprehensive income, statement of
   ekuitas dan arus kas Entitas Induk terkait untuk          changes in equity and cash flows of the Parent Entity
   tahun yang berakhir 31 Desember 2024 dan ikhtisar         for the year ended December 31, 2024, and a
   informasi kebijakan akuntansi material. Informasi         summary of material accounting policies information.
   Keuangan Entitas Induk disajikan sebagai catatan          The Parent Entity’s Financial Information is presented
   terhadap laporan keuangan konsolidasian Grup              as note to the consolidated financial statements of the
   pada tanggal 31 Desember 2024 dan untuk tahun             Group as of December 31, 2024 and for the year then
   yang berakhir pada tanggal tersebut.                      ended.




                                                         135
                                                                                    2024 Annual Report PT ELNUSA Tbk            621
Page 624
                                                                The original consolidated financial statements included herein are in the
                                                                                                                   Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                               PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                              FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                         As of December 31, 2024
           dan untuk Tahun yang Berakhir                                    and for the Year Then Ended
               pada Tanggal Tersebut                                      (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                    Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


41. INFORMASI          KEUANGAN          ENTITAS   INDUK       41. PARENT ENTITY                FINANCIAL           INFORMATION
    (lanjutan)                                                     (continued)

      LAPORAN POSISI KEUANGAN                                     STATEMENT OF FINANCIAL POSITION


                                               31 Desember/December 31,
                                                   2024              2023

      ASET                                                                                                                  ASSETS

      ASET LANCAR                                                                                            CURRENT ASSETS
      Kas dan setara kas                           1.489.555         1.278.915                        Cash and cash equivalents
      Investasi jangka pendek                         69.147                 -                             Short term investment
      Piutang usaha - neto                                                                                Trade receivables - net
          Pihak ketiga                               157.802           186.684                                     Third parties
          Pihak berelasi                           1.656.821         1.313.284                                 Related parties
      Aset keuangan lancar lainnya - neto              2.649               121                     Other current receivables - net
      Persediaan - neto                              144.528           140.697                                    Inventories - net
      Uang muka - lancar                              72.764            27.248                                Advances - current
      Pajak dibayar di muka - bagian lancar           39.682            50.809                     Prepaid taxes - current portion
      Biaya dibayar di muka                            8.256            25.686                                 Prepaid expenses
      Total Aset Lancar                            3.641.204         3.023.444                               Total Current Assets
      ASET TIDAK LANCAR                                                                                NON-CURRENT ASSETS
      Piutang pihak berelasi                         65.396               8.497                           Due from related party
      Aset keuangan tidak lancar                                                                      Other non-current financial
          lainnya - neto                              3.361            111.000                                     assets - net
      Investasi pada entitas anak                   526.377            526.377                   Investments in subsidiaries - net
      Uang muka - tidak lancar                       11.716             37.074                           Advances - non-current
      Aset tetap - neto                             831.269            896.087                                 Fixed assets - net
      Aset takberwujud - neto                        19.937              6.492                            Intangible assets - net
      Properti investasi - neto                     131.636            131.724                        Investment properties - net
      Pajak dibayar di muka -                                                                         Prepaid taxes - non-current
          bagian tidak lancar                       336.886            190.636                                          portion
       Aset pajak tangguhan                         134.036            108.928                               Deffered tax assets
       Aset lain-lain                                41.795             22.472                                      Other assets
       Aset hak guna                                 15.906             16.126                                Right of use assets
      Total Aset Tidak Lancar                      2.118.315         2.055.413                         Total Non-current Assets
      TOTAL ASET                                   5.759.519         5.078.857                                     TOTAL ASSETS




                                                               136
622    PT ELNUSA Tbk Laporan Tahunan 2024
Page 625
                                                                 The original consolidated financial statements included herein are in the
                                                                                                                    Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                             As of December 31, 2024
        dan untuk Tahun yang Berakhir                                        and for the Year Then Ended
            pada Tanggal Tersebut                                          (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                        Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


41. INFORMASI       KEUANGAN         ENTITAS       INDUK       41. PARENT ENTITY                 FINANCIAL           INFORMATION
    (lanjutan)                                                     (continued)

   LAPORAN POSISI KEUANGAN (lanjutan)                              STATEMENT               OF        FINANCIAL             POSITION
                                                                   (continued)


                                                 31 Desember/December 31,
                                                   2024               2023
   LIABILITAS                                                                                                            LIABILITIES

   LIABILITAS JANGKA PENDEK                                                                                CURRENT LIABILITIES
   Utang usaha:                                                                                                    Trade payables:
     Pihak ketiga                                    296.255            214.462                                     Third parties
     Pihak berelasi                                  193.036            161.563                                   Related parties
   Liabilitas jangka pendek lainnya                   39.683             37.649                             Other current liabilities
   Liabilitas imbalan kerja                                                                                  Short-term employee
     jangka pendek                                   273.305            177.676                                   benefits liability
   Utang pajak                                        44.085             43.941                                      Taxes payable
   Beban akrual                                    1.303.809          1.139.417                                  Accrued expenses
   Utang sukuk                                       699.418                  -                                     Sukuk payable
   Utang jangka panjang yang jatuh tempo                                                                         Current maturitires
     dalam waktu satu tahun                                                                                  of long term debts
     Liabilitas sewa                                  11.733               8.763                                 Lease liabilities
   Total Liabilitas Jangka Pendek                  2.861.324          1.783.471                           Total Current Liabilities
   LIABILITAS JANGKA PANJANG                                                                        NON-CURRENT LIABILITIES
   Utang jangka panjang – setelah dikurangi                                                                      Long term debts-
     Bagian jatuh tempo dalam waktu satu tahun                                                       net of currrent maturities
     Liabilitas sewa                                   5.821              8.731                                Lease liabilities
     Pinjaman bank                                    52.206                  -                                      Bank loan
   Utang sukuk                                             -            698.607                                    Sukuk payable
   Liabilitas imbalan kerja                           79.543             56.584                        Employee benefits liability
   Total Liabilitas Jangka Panjang                   137.570            763.922                      Total Non-current Liabilities
   TOTAL LIABILITAS                                2.998.894          2.547.393                                TOTAL LIABILITIES

   EKUITAS                                                                                                                EQUITY
   Modal saham - nilai nominal                                                                Share capital - Rp100 (full amount)
    Rp100 (nilai penuh) per saham                                                                           par value per share
    Modal dasar - 22.500.000.000 saham                                                     Authorized - 22,500,000,000 shares
    Modal ditempatkan dan disetor penuh -                                                                Issued and fully paid -
       7.298.500.000 saham                           729.850            729.850                       7,298,500,000 shares
   Tambahan modal disetor                            453.011            453.011                          Additional paid-in capital
   Saldo laba:                                                                                                 Retained earnings:
    Dicadangkan                                      158.109            158.109                                   Appropriated
    Tidak dicadangkan                              1.488.080          1.242.960                                 Unappropriated
   Penghasilan komprehensif lain                     (68.425)           (52.466)                    Other comprehensive income
   EKUITAS - NETO                                  2.760.625          2.531.464                                       EQUITY - NET

   TOTAL LIABILITAS DAN EKUITAS                    5.759.519          5.078.857               TOTAL LIABILITIES AND EQUITY




                                                                137
                                                                                          2024 Annual Report PT ELNUSA Tbk            623
Page 626
                                                                  The original consolidated financial statements included herein are in the
                                                                                                                     Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                  PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                         NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                            As of December 31, 2024
           dan untuk Tahun yang Berakhir                                       and for the Year Then Ended
               pada Tanggal Tersebut                                         (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                       Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


41. INFORMASI             KEUANGAN     ENTITAS     INDUK        41. PARENT ENTITY                 FINANCIAL           INFORMATION
    (lanjutan)                                                      (continued)

      LAPORAN LABA RUGI DAN PENGHASILAN                             STATEMENT OF PROFIT OR LOSS AND OTHER
      KOMPREHENSIF LAIN                                             COMPREHENSIVE INCOME

                                                    Tahun yang Berakhir
                                                 pada Tanggal 31 Desember/
                                                  Year Ended December 31,

                                                   2024                2023
      PENDAPATAN                                    5.145.736          4.300.276                                          REVENUES
      BEBAN POKOK PENDAPATAN                       (4.667.561)         (3.870.064)                            COST OF REVENUES
      LABA BRUTO                                     478.175             430.212                                     GROSS PROFIT
      Beban penjualan                                 (2.266)             (4.522)                              Selling expenses
      Beban umum dan administrasi                   (301.136)           (306.429)            General and administrative expenses
      Pendapatan keuangan                            153.713              55.324                                  Interest income
      Beban keuangan                                 (75.607)            (73.766)                             Finance expenses
      Pendapatan dividen                             210.614             200.628                                Dividend income
      Lain-lain - neto                                33.960              21.869                                      Others - net

      LABA SEBELUM PAJAK FINAL                                                                       PROFIT BEFORE FINAL TAX
      DAN PAJAK PENGHASILAN                          497.453             323.316                             AND INCOME TAX
      Beban pajak final                               (13.974)           (12.196)                                   Final tax expense

      LABA SEBELUM PAJAK PENGHASILAN                 483.479             311.120                  PROFIT BEFORE INCOME TAX
      Beban pajak penghasilan                         (37.139)           (20.083)                                Income tax expense
      LABA TAHUN BERJALAN                            446.340             291.037                           PROFIT FOR THE YEAR

      PENGHASILAN KOMPREHENSIF LAIN                                                         OTHER COMPREHENSIVE INCOME
      Pos-pos yang tidak akan direklasifikasi                                               Items that will not be reclassified to
       ke laba rugi                                                                                               profit or loss
      Pengukuran kembali program                                                                     Remeasurements of defined
       imbalan pasti                                  (20.460)           (17.762)                                  benefit plans
      Pajak tangguhan terkait                           4.501              3.723                              Related deferred tax

      PENGHASILAN KOMPREHENSIF LAIN                                                         OTHER COMPREHENSIVE INCOME
      SETELAH PAJAK                                   (15.959)           (14.039)                            AFTER TAX

      TOTAL LABA KOMPREHENSIF                                                                TOTAL COMPREHENSIVE INCOME
      TAHUN BERJALAN                                 430.381             276.998                           FOR THE YEAR




                                                                 138
624    PT ELNUSA Tbk Laporan Tahunan 2024
Page 627
                                                                                                                                                    The original consolidated financial statements included herein
                                                                                                                                                                                  are in the Indonesian language.




                                                                                                                                                                                                                     625
                        PT ELNUSA TBK DAN ENTITAS ANAKNYA                                                                        PT ELNUSA TBK AND ITS SUBSIDIARIES
                         CATATAN ATAS LAPORAN KEUANGAN                                                                               NOTES TO THE CONSOLIDATED
                                    KONSOLIDASIAN                                                                                       FINANCIAL STATEMENTS




                                                                                                                                                                                                                     2024 Annual Report PT ELNUSA Tbk
                               Tanggal 31 Desember 2024                                                                                  As of December 31, 2024
                             dan untuk Tahun yang Berakhir                                                                             and for the Year Then Ended
                                 pada Tanggal Tersebut                                                                               (Expressed in Millions of Rupiah,
                            (Disajikan dalam Jutaan Rupiah,                                                                             Unless Otherwise Stated)
                                Kecuali Dinyatakan Lain)
 41. INFORMASI KEUANGAN ENTITAS INDUK (lanjutan)                                                         41. PARENT ENTITY FINANCIAL INFORMATION (continued)
      LAPORAN PERUBAHAN EKUITAS                                                                               STATEMENT OF CHANGES IN EQUITY
                                                                                   Saldo laba/Retained earnings           Penghasilan
                                                             Tambahan                                                    komprehensif
                                                            modal disetor/                                Tidak            lain/Other      Ekuitas -
                                        Modal saham/          Additional          Dicadangkan/        dicadangkan/      comprehensive       neto/
                                        Share capital       paid-in capital       Appropriated       Unappropriated          income       Equity - net
Saldo pada tanggal 31 Desember 2022           729.850              453.011              158.109            1.140.955           (38.427)       2.443.498                    Balance as of December 31, 2022
Dividen kas                                             -                     -                  -          (189.032)                -         (189.032)                                         Cash dividend
Laba komprehensif                                       -                     -                  -          291.037            (14.039)         276.998                                Comprehensive income
Saldo pada tanggal 31 Desember 2023           729.850              453.011              158.109            1.242.960           (52.466)       2.531.464                    Balance as of December 31, 2023
Dividen kas                                             -                     -                  -          (201.220)                -         (201.220)                                         Cash dividend
Laba komprehensif                                       -                     -                  -          446.340            (15.959)         430.381                                Comprehensive income
Saldo pada tanggal 31 Desember 2024           729.850              453.011              158.109            1.488.080           (68.425)       2.760.625                    Balance as of December 31, 2024
                                                                                                     139
Page 628
                                                                   The original consolidated financial statements included herein are in the
                                                                                                                      Indonesian language.

      PT ELNUSA TBK DAN ENTITAS ANAKNYA                                   PT ELNUSA TBK AND ITS SUBSIDIARIES
       CATATAN ATAS LAPORAN KEUANGAN                                          NOTES TO THE CONSOLIDATED
                  KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
             Tanggal 31 Desember 2024                                             As of December 31, 2024
           dan untuk Tahun yang Berakhir                                        and for the Year Then Ended
               pada Tanggal Tersebut                                          (Expressed in Millions of Rupiah,
          (Disajikan dalam Jutaan Rupiah,                                        Unless Otherwise Stated)
              Kecuali Dinyatakan Lain)


41. INFORMASI          KEUANGAN         ENTITAS     INDUK        41. PARENT ENTITY                 FINANCIAL           INFORMATION
    (lanjutan)                                                       (continued)

      LAPORAN ARUS KAS                                               STATEMENT OF CASH FLOWS

                                                     Tahun yang Berakhir
                                                  pada Tanggal 31 Desember/
                                                   Year Ended December 31,

                                                    2024                2023
      ARUS KAS DARI                                                                                           CASH FLOWS FROM
      AKTIVITAS OPERASI                                                                                    OPERATING ACTIVITIES
      Penerimaan dari pelanggan                      4.880.549          4.363.529                           Receipts from customers
      Pembayaran kepada pemasok                                                                               Payments to suppliers
       dan kontraktor                               (3.402.336)         (3.101.389)                               and contractors
      Pembayaran untuk karyawan                     (1.313.364)           (953.739)                          Payments to employees

      Kas yang dihasilkan dari operasi                164.849             308.401                Cash generated from operations
      Penerimaan restitusi pajak                       95.895             228.183                         Receipts of tax refunds
      Penerimaan pendapatan keuangan                  153.326              55.076                     Receipts of finance income
      Pembayaran kepada pemerintah                     (3.682)             (3.274)                      Cash paid to government
      Pembayaran beban administrasi bank              (11.071)            (11.539)      Payments of bank administration expenses
      Penerimaan lainnya - neto                       112.744               1.338                            Other receipts - net
      Kas neto diperoleh dari                                                                                  Net cash provided by
       aktivitas operasi                              512.061             578.185                              operating activities

      ARUS KAS DARI                                                                                         CASH FLOWS FROM
      AKTIVITAS INVESTASI                                                                                INVESTING ACTIVITIES
      Penerimaan dividen kas dari                                                                  Receipts of cash dividends from
       perusahaan asosiasi                            210.614             200.628                                    associates
      Penerimaan dari penjualan aset tetap                703                 307                Proceeds from sale of fixed assets
      Pembelian aset tetap                           (168.449)           (153.539)                      Purchases of fixed assets
      Penempatan deposito berjangka                   (69.147)                  -                      Placement of time deposits
      Kas neto diperoleh (digunakan) dari                                                             Net cash provided (used) by
       aktivitas investasi                             (26.279)            47.396                              investing activities

      ARUS KAS DARI                                                                                           CASH FLOWS FROM
      AKTIVITAS PENDANAAN                                                                                  FINANCING ACTIVITIES
      Penerimaan dari pinjaman bank                    52.500                   -                          Proceeds from bank loans
      Pembayaran dividen kas                         (201.220)           (189.032)                      Payments of cash dividends
      Pembayaran liabilitas sewa                      (12.795)            (12.072)                        Payment of lease liabilities
      Pembayaran bunga                                                                                           Payment of interest
       pinjaman dan imbalan sukuk                      (65.115)           (63.000)                      from expenses and sukuk
      Penerimaan (pembayaran) dari                                                                  Proceeds (payment) from due to
       pihak berelasi                                  (56.958)            59.616                                    related party
      Kas neto digunakan untuk                                                                                       Net cash used in
       aktivitas pendanaan                           (283.588)           (204.488)                                financing activities

      Dampak perubahan selisih kurs                                                              Effect of exchange rate changes
       terhadap kas dan setara kas                      8.446               (3.527)                 on cash and cash equivalents

      KENAIKAN NETO                                                                                        NET INCREASE IN
      KAS DAN SETARA KAS                              210.640             417.566               CASH AND CASH EQUIVALENTS

      KAS DAN SETARA KAS                                                                       CASH AND CASH EQUIVALENTS
      PADA AWAL TAHUN                                1.278.915            861.349             AT THE BEGINNING OF THE YEAR
      KAS DAN SETARA KAS PADA                                                                   CASH AND CASH EQUIVALENTS
      AKHIR TAHUN                                    1.489.555          1.278.915                   AT THE END OF THE YEAR




                                                                  140
626    PT ELNUSA Tbk Laporan Tahunan 2024
Page 629
                                                             The original consolidated financial statements included herein are in the
                                                                                                                Indonesian language.

   PT ELNUSA TBK DAN ENTITAS ANAKNYA                               PT ELNUSA TBK AND ITS SUBSIDIARIES
    CATATAN ATAS LAPORAN KEUANGAN                                      NOTES TO THE CONSOLIDATED
               KONSOLIDASIAN                                              FINANCIAL STATEMENTS
          Tanggal 31 Desember 2024                                         As of December 31, 2024
        dan untuk Tahun yang Berakhir                                    and for the Year Then Ended
            pada Tanggal Tersebut                                      (Expressed in Millions of Rupiah,
       (Disajikan dalam Jutaan Rupiah,                                    Unless Otherwise Stated)
           Kecuali Dinyatakan Lain)


41. INFORMASI      KEUANGAN         ENTITAS      INDUK      41. PARENT ENTITY                FINANCIAL           INFORMATION
    (lanjutan)                                                  (continued)

   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      SUMMARY     OF   MATERIAL                         ACCOUNTING
   MATERIAL                                                    POLICIES INFORMATION

   Dasar penyusunan informasi keuangan entitas                 Basis of preparation of the parent entity financial
   induk                                                       information

   PSAK 227 mengatur dalam hal Entitas Induk                   PSAK 227 regulates that when a Parent Entity elected
   memilih untuk menyajikan laporan keuangan                   to present the separate financial statements, such
   tersendiri maka laporan tersebut hanya dapat                financial statements should be presented as
   disajikan sebagai informasi tambahan dalam                  supplementary information to the consolidated
   laporan     keuangan       konsolidasian.   Laporan         financial statements. Separate financial statements
   keuangan tersendiri adalah laporan keuangan yang            are those presented by a parent, in which the
   disajikan oleh entitas induk yang mencatat investasi        investments in subsidiaries, associate entity and joint
   pada entitas anak, entitas asosiasi, dan                    control entity are accounted for on the basis of the
   pengendalian bersama entitas            berdasarkan         direct equity interest rather than on the basis of the
   kepemilikan ekuitas langsung bukan berdasarkan              reported results and net assets of the investees.
   pelaporan hasil dan aset neto investee.
                                                               Accounting policies adopted in the preparation of the
   Kebijakan akuntansi yang diterapkan dalam                   parent entity financial information are the same as the
   penyusunan informasi keuangan Entitas Induk                 accounting policies adopted in the preparation of the
   adalah sama dengan kebijakan akuntansi yang                 Group’s consolidated financial statements as
   diterapkan dalam penyusunan laporan keuangan                disclosed in Note 2 to the consolidated financial
   konsolidasian Grup sebagaimana diungkapkan                  statements, except for investments in subsidiaries.
   dalam Catatan 2 atas laporan keuangan
   konsolidasian, kecuali untuk penyertaan pada
   entitas anak.                                               Investments in shares of stocks of subsidiaries are
                                                               accounted for at acquisition cost. The parent entity
   Penyertaan saham pada entitas anak dicatat pada             recognizes dividend from subsidiaries in the Parent
   biaya perolehan. Entitas induk mengakui dividen             Entity;s profit and loss when its right to receive the
   dari entitas anak pada laporan laba rugi entitas induk      dividend is established.
   ketika hak menerima dividen ditetapkan.




                                                            141
                                                                                      2024 Annual Report PT ELNUSA Tbk            627
Page 630
GLOSARIUM
Glossary




 Singkatan                                Definisi                            Singkatan                                  Definisi
Abbreviation                             Definition                          Abbreviation                               Definition

2D             Dua Dimensi | Two Dimension                                   EPS            Elnusa Petroleum School

3D             Tiga Dimensi | Three Dimension                                ERM            Enterprise Risk Management

AGMS           Annual General Meeting of Shareholders                        ESDM           Kementerian Energi dan Sumber Daya Mineral
                                                                                            Ministry of Energy and Mineral Resources
APBN           Anggaran Pendapatan dan Belanja Negara | State Budget
                                                                             ESOP           Employee Stock Option Plan
APMS           Agen Premium Minyak Solar | Premium Diesel Fuel Agent
                                                                             ETSA           PT Elnusa Trans Samudera
ARA            Annual Report Award
                                                                             EWL            Electric Wireline Logging
AS | US        Amerika Serikat | United States
                                                                             FAME           Fatty Acid Methyl Ester
ASEAN          Association of South East Asia Nation
                                                                             GCG            Good Corporate Governance
AVO            Amplitude Versus Offset
                                                                             GDL            Geo Data Acquisition Land
AWB            Accomodation Work Barge
                                                                             GDM            Geo Data Acquisition Transition Zone & Marine Zone &
B3             Bahan Berbahaya dan Beracun                                                  Marine
               Hazardous and Toxic Materials
                                                                             GDP            Geo Data Processing
BAPEPAM        Badan Pengawas Pasar Modal
               Capital Market Supervisory Agency                             GGR            Geology, Geophysics and Reservoir

Bapepam-LK     Badan Pengawasan Pasar Modal – Lembaga Keuangan               GPS            Global Positioning System
               Capital Market Supervisory Agency – Financial Institution
                                                                             GRI            Global Reporting Initiative
BBK            Bahan Bakar Khusus | Special Fuels
                                                                             GMS            General Meeting of Shareholders
BBM            Bahan Bakar Minyak | Oil Fuel
                                                                             H2S            Hydrogen Sulfide
BBMK           Bahan Bakar Minyak Khusus | Special Fuels
                                                                             HAGI           Himpunan Ahli Geofisika Indonesia
BEI/IDX        PT Bursa Efek Indonesia | Indonesia Stock Exchange                           Indonesia Association of Geophysicists

BEST           Beasiswa Terpadu | Integrated Scholarship                     HRIS           Human Resources Information System

BI             Bank Indonesia                                                HSSE           Health, Safety, Security & Environment

BNI            Syariah Bank Negara Indonesia Syariah                         HWU            Hydraulic Workover Unit
               Indonesian State Bank-Sharia
                                                                             IAI            Ikatan Akuntan Indonesia
BUMN | SOE     Badan Usaha Milik Negara | State-Owned Enterprise                            Institute of Indonesia Chartered Accountants

CBM            Coal Bed Methane                                              IAGI           Ikatan Ahli Geologi Indonesia
                                                                                            Indonesian Association of Geologist
CIP            Continuous Improvement Program
                                                                             ICBC           Industrial and Commercial Bank of China
CMT            Cementing Service
                                                                             ICP            Indonesia Crude Price
CoC            Standar Etika | Code of Conduct
                                                                             ICT            Information Communication Technology
COSO           Committee of Sponsoring Organizations
                                                                             IFRS           International Financial Reporting Standard
CSR            Corporate Social Responsibility
                                                                             IHSG           Indeks Harga Saham Gabungan | IDX Composite
CTU            Coiled Tubing Unit
                                                                             IIA            The Institute of Internal Auditor
DFS            Drilling Fluid Services
                                                                             IMF            International Monetary Fund
DMS            Document Management System
                                                                             IPO            Penawaran Umum Saham Perdana | Initial Public Offering
DPPU           Depot Pengisian Pesawat Udara | Aircraft Filling Depot
                                                                             ISO            International Organization for Standardization
EBITDA         Earning Before Interest, Tax, Depreciation and Amortization
                                                                             LCT            Landing Craft Tank
EER            Elnusa Emergency Response
                                                                             LHA            Laporan Hasil Audit | Audit Report
EFK            PT Elnusa Fabrikasi Konstruksi
                                                                             LPG            Liquefied Petroleum Gas
ELSA           Kode Saham Elnusa | Elnusa Ticker Code
                                                                             LTI            Lost Time Injury
EPC            Engineering, Procurement & Construction
                                                                             MEA            Masyarakat Ekonomi ASEAN | ASEAN Economic Community
EPN            PT Elnusa Petrofin




 628      PT ELNUSA Tbk Laporan Tahunan 2024
Page 631
 Singkatan                                Definisi                           Singkatan                                Definisi
Abbreviation                             Definition                         Abbreviation                             Definition

Migas          Minyak dan Gas | Oil and Gas                                 RUPS           Rapat Umum Pemegang Saham
                                                                                           General Meeting of Shareholder
MLU            Mud Logging Unit
                                                                            SAK            Standar Akuntansi Keuangan | Financial Accounting
MOR            Marketing Operation Region                                                  Standards
MPP            Masa Persiapan Pensiun | Retirement Preparation Period       SCU            PT Sigma Cipta Utama
MSOP           Management Stock Option Pan                                  SDM | HR       Sumber Daya Manusia | Human Resources
NPM            Net Profit Margin                                            SEOJK          Surat Edaran Otoritas Jasa Keuangan
O&M            Operation & Maintenance                                                     Circular Letter of the Financial Services Authority

OCTG           Oil Country Tubular Goods                                    SK             Surat Keputusan | Decision Letter

OHS            Occupational Health and Safety                               SKK Migas      Migas Satuan Kerja Khusus Pelaksana Kegiatan Usaha Hulu
                                                                                           Minyak dan Gas Bumi
OHSAS          Occupational Health and Safety Assessment System                            Special Unit Taskforce of Oil and Gas

OJK            Otoritas Jasa Keuangan | Financial Services Authority        SPOB           Self Propelled & Oil Barge

ONH            Ongkos Naik Haji | Pilgrimage Cost Assistance                SL             Slickline Services

OPEC NGLS      Organizations of the Petroleum Exporting Countries Natural   SMBCI          Sumitomo Mitsui Banking Corp
               Gas Liquid
                                                                            SOP            Standard Operating Procedures
OPM            Operating Profit Margin
                                                                            SPBB           Stasiun Pengisian Bahan Bakar Bunker
P/B            Price to Book                                                               Bunker Fuel Filling Stations

P/E            Price to EPS                                                 SPBE           Stasiun Pengisian Bulk LPG | Bulk LPG Filling Stations

Permen         Peraturan Menteri | Ministerial Regulation                   SPBU           Stasiun Pengisian Bahan Bakar Umum | Gas Station

Perseroan      PT Elnusa Tbk | The Company                                  SPE            Serikat Pekerja Elnusa | Labor Unions Elnusa

Pertamina      PT Pertamina (Persero)                                       SPK            Sistem Pengelolaan Kerja | Performance Management
                                                                                           System
PEP            PT Pertamina EP
                                                                            TBBM           Terminal Bahan Bakar Minyak | Fuel Terminal
PHE            PT Pertamina Hulu Energi
                                                                            TBE            Taman Belajar Elnusa | Elnusa Learning Park
PHE            ONWJ PT Pertamina Hulu Energi Offshore North West Java
                                                                            THM            Tabung Hikmah Mandiri | Hikah Mandiri Tube
PHE WMO        PT Pertamina Hulu Energi West Madura Offshore
                                                                            THR            Tunjangan Hari Raya | Religious Holiday Allowance
PHM            Pertamina Hulu Mahakam
                                                                            TZ             Transition Zone
POMS           Production and Operation Maintenance Services
                                                                            USD            United States Dollar | Dolar Amerika
PKAT           Program Kerja Audit Tahunan | Annual Audit Work Program
                                                                            UU             Undang-Undang | Law
PNBP           Penerimaan Negara Bukan Pajak | Non-Tax Revenue
                                                                            UUPT           Undang-Undang Perseroan Terbatas
PP             Peraturan Perusahaan | Company Regulations                                  Limited Liability Company Law
PPh            Pajak Penghasilan | Income Tax                               UTD            Ulang Tahun Dinas | Service Anniversaries
PPN            Pajak Pertambahan Nilai | Value Added Tax                    VHS            Vendor Held Stock
PSAK           Pernyataan Standar Akuntansi Keuangan                        VICO           PT Vico Indonesia
               Statement of Financial Accounting Standards
                                                                            VTMS           Vessel Traffic Management and Information System
PUMP           Pumping Services
                                                                            WBS            Whistleblowing System
RJPP           Rencana Jangka Panjang Perusahaan
               The Company’s Long-term Plan                                 WB             Working Barge

RKAP           Rencana Kerja dan Anggaran Perusahaan                        WK             Wilayah Kerja | Working Area
               Work Plan and Budget
                                                                            WP & B         Work Program and Budget
ROA            Return on Assets
                                                                            WT             Well Testing Service
ROE            Return on Equity
                                                                            WTI            West Texas Intermediate




                                                                                                2024 Annual Report PT ELNUSA Tbk                 629
Page 632
 LAPORAN TAHUNAN
 ANNUAL REPORT




                               ACCELERATING EXCELLENCE
 ACCELERATING EXCELLENCE




                                  Mempercepat Keunggulan
 Mempercepat Keunggulan




PT Elnusa Tbk
Graha Elnusa 16th Floor
Jl. T.B. Simatupang Kav. 1B
                              ANNUAL REPORT
                              LAPORAN TAHUNAN




Jakarta 12560, Indonesia

kontak | contacts
Tel. ⁺62 21-78830850
Fax. ⁺62 21-78830907
marketing@elnusa.co.id
corporate@elnusa.co.id
www.elnusa.co.id

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Names mentioned 171 people and organisations named in the text · linked when the evidence is strong

linked person Denie S. Tampubolon · Independent Commissioner p.15 ×10
linked person Bachtiar Soeria Atmadja · Direktur Utama p.15 ×12
linked org PT Pertamina Hulu Energi p.18 ×33
linked org PT Elnusa Fabrikasi Konstruksi p.18 ×21
linked org PT Pertamina Geothermal Energy p.21 ×16
linked org Pertamina Patra Niaga p.27 ×3
linked person Hera Handayani · Direktur p.59 ×7
linked person Frida Lidwina p.69
linked org Pratama Widya p.89
possible org ELNUSA Tbk · Company Name p.1 ×449
possible org Otoritas Jasa Keuangan p.7 ×5
possible org PT Pertamina p.18 ×38
possible — Buwono · Komisaris Utama p.45
possible org Panin Sekuritas Tbk p.68 ×11
possible org Bursa Efek Indonesia p.69 ×2
possible org Negara Republik Indonesia p.72 ×2
possible org Wijaya Karya p.89
possible org PT Elnusa’s p.123 ×2
unresolved person Keberagaman Komposisi · Komisaris p.7
unresolved person Glosarium · Sekretaris Perusahaan p.7
unresolved org Indonesia Stock Exchange p.14 ×3
unresolved — Hernawan Bekti Sasongko · Komisaris Independen p.15 ×2
unresolved org PT Elnusa Petrofin p.16 ×15
unresolved org PT Pertamina Lubricants p.16 ×3
unresolved org PT Patra Logistik. p.16 ×2
unresolved org PT PGAS Solution p.16 ×2
unresolved org PT Pertamina Gas p.16 ×3
unresolved org PT Industri Baterai Indonesia p.17
unresolved org PT Indonesia Battery Corporation p.17
unresolved org PT Pertamina Hulu Rokan p.18 ×2
unresolved org PT Pertamina Hulu Energi OSES p.20 ×2
unresolved org PT Sigma Cipta Utama p.21 ×14
unresolved org PT Pertamina Internasional Eksplorasi p.21 ×2
unresolved org Directorate General of Petroleum Contract License p.21 ×2
unresolved org Kementerian Perminyakan Irak. Elnusa p.21
unresolved org Ministry of Oil. p.21
unresolved org PT Pertamina Internasional p.22 ×2
unresolved org PT Pertamina International p.22
unresolved org Anak Perusahaan BUMN Tbk p.23 ×3
unresolved org PT Elnusa Petrofin Elnusa p.24
unresolved org PT Wahana p.26
unresolved org PT Wahana Baratama Dance Competition p.26
unresolved org PT Elnusa Fabrikasi Bala Madya p.28
unresolved org PT Elnusa Fabrikasi Elnusa p.28
unresolved org PT Pertamina Patra p.30
unresolved org PT Elnusa Trans Samudera p.31 ×5
unresolved org SOE SUBSIDIARIES TBK p.33
unresolved org Press Release Union-PERAKAAN BUMN TBK p.33
unresolved org Menteri Ketenagakerjaan Republik p.34
unresolved org Minister of Manpower p.34
unresolved org Pusat Statistik p.40 ×2
unresolved org Directorate General of Oil and Gas p.40 ×2
unresolved person Agus Prabowo p.45
unresolved person Hernawan p.45
unresolved person Hernawan Bekti Bekti Sasongko p.45
unresolved person Lusiaga Levi Susila p.45 ×2
unresolved person Wakhid Hasyim p.45
unresolved person Wakhid Komisaris. Selanjutnya p.45
unresolved — Annual GMS Eko Ariantoro · Komisaris Utama p.45 ×11
unresolved org Bank Indonesia p.45 ×5
unresolved person Endro Hartanto · Direktur Operasi p.59 ×3
unresolved person Stanley Iriawan · Direktur Keuangan p.59 ×2
unresolved org Kantor Akuntan Publik Operational Area p.67
unresolved org PT Elektronika p.68 ×2
unresolved org PT Elektronika Nusantara p.68 ×4
unresolved person Tan Thong Kie · Notaris p.68 ×2
unresolved org Menteri Kehakiman Republik Indonesia p.68
unresolved org Minister of Justice p.68 ×2
unresolved person TB Simatupang · Sekretaris Perusahaan p.69
unresolved org PT Elnusa Geosains Services p.70 ×2
unresolved org PT Elnusa Workover Services p.70 ×2
unresolved org PT Elnusa Drillling Services p.70 ×2
unresolved org PT Electronika Nusantara p.72 ×2
unresolved org Menteri Kehakiman p.72 ×2
unresolved org Milik Negara p.72
unresolved org Kementerian BUMN p.76
unresolved org Ministry of State-Owned Enterprises p.76
unresolved org Kementerian BUMN No. SE- p.76
unresolved person Ministry of SOE No. SE- p.76
unresolved org PT Pertamina Hulu Energi No. Prin- p.76 ×2
unresolved person Aulia Taufani · Notaris p.82 ×3
unresolved org Menteri p.82
unresolved org Minister of Law and Human Rights p.82 ×2
unresolved org PT Elnusa Geosains Indonesia p.85 ×4
unresolved org PT Elnusa Oilfield p.85 ×3
unresolved org PT Patra Nusa Data p.87 ×6
unresolved org PT Elnusa Trans p.87 ×2
unresolved org PT Pertamina EP p.88 ×17
unresolved org PT Vico Indonesia p.88
unresolved org PT Pertamina Hulu Mahakam p.88
unresolved org PT Pertamina Geothermal p.88
unresolved org PT Tawun Gegunung Energi p.88
unresolved org PT Daya Mas Nage Geothermal p.89
unresolved org PT Wahana Baratama Mining p.89
unresolved org Kementerian Energi p.89
unresolved org PT Medco Cahaya Geothermal p.89
unresolved — Served · President Commissioner p.98 ×9
unresolved org Financial Services Authority p.98 ×2
unresolved org Bank Junior p.98
unresolved org Bank Supervisor p.98
unresolved person Training · Komisaris p.98 ×4
unresolved — Profile NUR ENDRO BUWONO · Komisaris p.99 ×10
unresolved org PT Pertamina Drilling p.99
unresolved org PT Pertamina Drilling Services Development Indonesia p.99
unresolved org PT Pertamina Work Experience p.100
unresolved org PT Pertamina Irak Eksplorasi p.100
unresolved org PT Pertamina Iraq Produksi p.100
unresolved org PT Pertamina Eksplorasi p.100
unresolved org PT Pertamina EP Cepu p.100 ×2
unresolved org Menteri ESDM p.100
unresolved org Minister of Energy p.100
unresolved — Profile ARIANA SOEMANTO · Komisaris p.101 ×4
unresolved org Bank ICBC p.102
unresolved org Bank ICBC Indonesia p.102
unresolved org PT Bina Rasano p.102
unresolved org PT Bina Rasano Engineering p.102
unresolved org PT Deka Petrindo p.102 ×2
unresolved org PT Telekomindo p.102
unresolved org PT Telekomindo Nusantoro p.102
unresolved org Bank Persyarikatan p.102
unresolved org Bank Persyarikatan Indonesia p.102
unresolved org Bank Universal p.102 ×2
unresolved org Bank Putera Multikarsa p.102 ×2
unresolved org IRIAWAN DIREKTUR KEUANGAN DIRECTOR OF FINANCE Menjabat · Direktur Keuangan p.103
unresolved org PT Patra Drilling Contractor p.103 ×2
unresolved org PT PPA Kapital p.103 ×4
unresolved org PT Bumi Asri Prima Pratama p.103 ×3
unresolved org PT Bumi Asri Prima p.103
unresolved person Rangkap · Komisaris p.103 ×4
unresolved — HARTANTO DIREKTUR OPERASI DIRECTOR OF OPERATIONS Menjabat · Direktur p.104
unresolved org PT Pertamina EP Work Experience p.104
unresolved org PT Pertamina Hulu p.104
unresolved org PT Pertamina Hulu Indonesia p.104 ×5
unresolved org PT Elnusa Oilfield Services p.104
unresolved org PT Elnusa Oilfield Concurrent Position p.104
unresolved person Concurrent Position · Komisaris p.104
unresolved org PT Sigma Cipta Utama Concurrent Position p.105
unresolved — GENERAL AFFAIRS Menjabat · Direktur p.106
unresolved org PT Quant Capital Investama p.106 ×2
unresolved org PT Pertamina Hulu Energi Kepemilikan Saham p.116
unresolved org Domestik p.116
unresolved — Handoyo** · Usaha p.118
unresolved org PT ELNUSA OILFIELD SERVICES Perusahaan p.123
unresolved org PT Elnusa Oilfield Services Services p.123
unresolved — (Rp juta) · Uraian p.123 ×6
unresolved org PT ELNUSA GEOSAINS INDONESIA Perusahaan p.123
unresolved org PT Elnusa Geosains p.123
unresolved org PT Elnusa Geosains Indonesia Indonesia p.123
unresolved person Yovita Octaviani · Komisaris Utama p.125
unresolved person Notary Sinta Susikto · Notaris p.125 ×3
unresolved org Menteri Kehakiman Republik p.125 ×2
unresolved org Ministry of Law and Human Rights p.125
unresolved person Nur Kholis · Komisaris p.126
unresolved person Notary Pudji Redjeki Pudji Redjeki Irawati p.126
unresolved person Irawati p.126
unresolved person Nuzulla Nuzulla Khairani p.126
unresolved person Khairani S.H. p.126
unresolved org Menteri Hukum dan Hak Asasi Manusia p.126
unresolved org PT Elnusa Trans Samudra p.127 ×4
unresolved person Arief Prasetyo Handoyo · Komisaris p.127 ×3
unresolved org PT Elnusa Telematika p.127 ×2
unresolved org PT Elnusa Rentrakom p.127 ×2
unresolved person Ariani L. Rachim p.128 ×2
unresolved org Minister of Justice Republik Indonesia p.128
unresolved person Akta Notaris Nuzulla Khairani p.128 ×2
unresolved org Menteri Hukum dan Hak Asasi Manusia Republik Indonesia p.128
unresolved org Minister of Law p.128
unresolved org PT ELNUSA DAYA KREATIF p.129 ×3
unresolved org PT PETROFIN ENERGI NUSANTARA p.129 ×3
unresolved person Executive · Direktur p.390

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