Skip to content
Back to announcement

AnnualReport2024-SOSS-att1.pdf

Other Text extracted SOSS

Source file signed link, expires in 15 minutes

This browser can't display the PDF inline. Open it in a new tab.

Extracted text 269

Page 1

          
Page 2
2   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 3
PENJELASAN TEMA • Theme Explanation
                                                                                                                     1




                                                                                                    Financial Summary
                                                                                                    Ikhtisar Keuangan
                                                                                                                  2




                                                                                                    Management Report
                                                                                                    Laporan Manajemen
  DRIVING EXCELLENCE
  THROUGH DIGITAL                                                                                                 3



  TRANSFORMATION




                                                                                                    Company Profile
                                                                                                    Profil Perusahaan
                                                                                                                 4




                                                                                          Discussion and Analysis
                                                                                          Management
                                                                                          Pembahasan Manajemen
                                                                                          Analisis dan
  Tema ini menyoroti fokus strategis Perseroan dalam memanfaatkan
  teknologi digital terkini untuk meningkatkan efisiensi operasional,
  meningkatkan kualitas layanan, dan menciptakan nilai yang lebih                                                5
  besar bagi para pelanggan dan pemangku kepentingan. Sepanjang




                                                                                                    Corporate Governance
                                                                                                    Tata Kelola Perusahaan
  tahun, Perseroan telah menerapkan solusi digital untuk
  menyederhanakan proses, mengoptimalkan interaksi dengan
  pelanggan, dan mendorong inovasi di seluruh penawaran layanannya.
  Tema ini menggarisbawahi komitmen Perseroan untuk beradaptasi
  dengan era digital, memastikan pertumbuhan yang berkelanjutan, dan
  mempertahankan keunggulan kompetitif dalam lanskap pasar yang                                                  6
  terus berkembang.                                                                                 Sustainability Report
                                                                                                    Laporan Keberlanjutan




  It highlights the Company’s strategic focus on leveraging cutting-
  edge digital technologies to enhance operational efficiency, elevate
  service quality, and create greater value for customers and
  stakeholders. Throughout the year, the Company has embraced
  digital solutions to streamline processes, optimize customer
                                                                                                                   7
  interactions, and drive innovation across its service offerings. This
                                                                                                    Financial Report
                                                                                                    Laporan Keuangan




  theme underscores the Company’s commitment to adapting to the
  digital era, ensuring sustainable growth, and maintaining a
  competitive edge in an ever-evolving market landscape.




                                        COMBINED REPORT • PT SHIELD ON SERVICES Tbk   3
Page 4
DAFTAR ISI • Table of Contents


                                                                       03
3    Penjelasan Tema
     Theme Explanation

                                                                       Profil Perusahaan
4    Daftar Isi
     Table of Contents

                                                                       Company Profile
01
Ikhtisar Keuangan                                                      38   Identitas Perusahaan

Financial Summary
                                                                            Company Identity
                                                                       39   Sekilas SOS
                                                                            SOS at a Glance
                                                                       42   Jejak Langkah
10   Ikhtisar Keuangan                                                      Milestones
     Financial Highlights                                              44   Visi, Misi, dan Nilai-Nilai Perusahaan [C.1] •
12   Ikhtisar Keberlanjutan                                                 Corporate Vision, Mission, and Values
     Sustainability Highlights                                         46   Bidang Usaha [C.4]
13   Ikhtisar Saham                                                         Line of Business
     Share Overview                                                    49   Skala Usaha [C.3]
14   Aksi Korporasi                                                         Business Scale
     Corporate Actions                                                 49   Karyawan SOS
14   Penghentian Sementara Perdagangan Saham (Suspension),                  SOS Employees
     dan/atau Penghapusan Pencatatan Saham                             51   Jaringan Bisnis dan Wilayah Operasional •
     (Delisting) Suspension of Stock Trading and/or                         Business Network and Operational Region
     Delisting of Stocks                                               52   Struktur Organisasi
15   Penghargaan dan Sertifikasi                                            Organizational Structure
     Awards and Certifications                                         53   Keanggotaan Asosiasi [C.5]
17   Peristiwa Penting                                                      Association Membership
     Important Events                                                  53   Perubahan Perusahaan yang Bersifat Signifikan [C.6]
                                                                            Significant Changes in the Company

02                                                                     53   Komposisi Dewan Komisaris dan Direksi Tahun 2024
                                                                            Composition of the Board of Commissioners and

Laporan Manajemen
                                                                            the Board of Directors in 2024
                                                                       54   Profil Dewan Komisaris

Management Report                                                      62
                                                                            Profile of the Board of Commissioners
                                                                            Profil Direksi
                                                                            Profile of the Board of Directors
                                                                       68   Informasi Hubungan Afiliasi, Rangkap Jabatan,
20   Laporan Dewan Komisaris                                                dan Kepemilikan Saham
     Board of Commissioners Report                                          Information on Affiliations, Concurrent Positions,
26   Laporan Direksi                                                        and Share Ownership
     Board of Directors Report                                         69   Pendidikan dan/atau Pelatihan Dewan Komisaris,
34   Surat Pernyataan Dewan Komisaris Tentang Tanggung Jawab                Direksi, Komite-Komite, Sekretaris Perusahaan, dan
     Atas Laporan Tahunan dan Laporan Keberlanjutan 2024                    Unit Audit Internal
     PT Shield On Service Tbk.                                              Education and/or Training for the Board of Commissioners,
     Statement from the Board of Commissioners Concerning                   Board of Directors, Committees, Corporate Secretary,
     Responsibility for the 2024 Annual Report and Sustainability           and Internal Audit Unit
     Report of PT Shield On Service Tbk.                               70   Struktur dan Komposisi Pemegang Saham
35   Surat Pernyataan Direksi Tentang Tanggung Jawab                        Structure and Composition of Shareholders
     Atas Laporan Tahunan dan Laporan Keberlanjutan 2024               70   Komposisi 20 Pemegang Saham Terbesar
     PT Shield On Service Tbk.                                              Composition of the Top 20 Shareholders
     Statement from the Board of Directors Concerning Responsibility   71   Rincian Pemegang Saham dan Persentase Kepemilikan
     for the 2024 Annual Report and Sustainability Report of                Details on the Shareholders and Ownership Percentage
     PT Shield On Service Tbk.                                         72   Kepemilikan Saham Berdasarkan Klasifikasi
                                                                            Share Ownership Based on Classification
                                                                       72   Informasi tentang Pemegang Saham Utama
                                                                            Information regarding Controlling Shareholder
                                                                       73   Entitas Anak dan Entitas Asosiasi
                                                                            Subsidiaries and Associate Entities
                                                                       74   Struktur Grup Perusahaan
                                                                            Company Group Structure
                                                                       74   Kronologis Pencatatan Saham
                                                                            Chronology of Stock Listing
                                                                       75   Kronologi Pencatatan Efek/Obligasi
                                                                            Chronology of Securities/Bonds Listing




4    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 5
                                                                                                                                                                               1




                                                                                                                                                              Financial Summary
                                                                                                                                                              Ikhtisar Keuangan
75   Kantor Akuntan Publik                                               94   Informasi Transaksi Material yang Mengandung Benturan
     Public Accounting Firm                                                   Kepentingan dan/atau Transaksi dengan Pihak Afiliasi
76   Lembaga Profesi/Penunjang                                                Information on Material Transactions Involving Conflict of Interest
     Professional Institutions/Supporting Bodies                              and/or Transactions with Affiliated Parties
76   Situs Web SOS                                                       95   Perubahan Peraturan Perundang-undangan yang
     SOS Website                                                              Berdampak terhadap Perusahaan •
                                                                                                                                                                            2
                                                                              Changes in Laws and Regulations Impacting the Company




                                                                                                                                                              Management Report
                                                                                                                                                              Laporan Manajemen
                                                                         95   Perubahan Kebijakan Akuntansi •
                                                                              Changes in Accounting Policies


04
                                                                         96   Prospek Usaha
                                                                              Business Prospects

Analisis dan
Pembahasan Manajemen                                                     05                                                                                                 3

Management                                                               Tata Kelola Perusahaan




                                                                                                                                                              Company Profile
                                                                                                                                                              Profil Perusahaan
Discussion and Analysis                                                  Corporate Governance
80   Tinjauan Ekonomi Global                                             100 Komitmen Penerapan Tata Kelola
     Overview of the Global Economy                                          Commitment To Corporate Governance Implementation
80   Tinjauan Kondisi Ekonomi Domestik                                   101 Dasar Penerapan Tata Kelola                                                                   4
     Overview of the National Economic Conditions                            Basis for Corporate Governance Implementation




                                                                                                                                                    Discussion and Analysis
                                                                                                                                                    Management
                                                                                                                                                    Pembahasan Manajemen
                                                                                                                                                    Analisis dan
82   Tinjauan Operasional                                                110 Struktur dan Mekanisme Tata Kelola Perusahaan
     Operational Overview                                                    Structure and Mechanism of Corporate Governance
84   Tinjauan Keuangan                                                   112 Rapat Umum Pemegang Saham
     Financial Overview                                                      General Meeting of Shareholders (GMS)
90   Kemampuan Membayar Utang                                            119 Dewan Komisaris
     Solvency                                                                Board of Commissioners
90   Kolektibilitas Piutang                                              122 Komisaris Independen
     Account Receivables Collectibility                                      Independent Commissioner
90   Struktur Modal dan Kebijakan Struktur Modal                         124 Direksi
                                                                                                                                                                           5
     Capital Structure and Capital Structure Policy                          Board of Directors




                                                                                                                                                              Corporate Governance
                                                                                                                                                              Tata Kelola Perusahaan
91   Ikatan Material untuk Investasi Barang Modal                        127 Rapat Dewan Komisaris dan Direksi
     Material Commitment for Capital Investment                              Meetings of the Board of Commissioners and
91   Investasi Barang Modal yang Direalisasikan pada Tahun Buku              the Board of Directors
     Capital Expenditure Realized in the Financial Year                  129 Transparansi Informasi Dewan Komisaris dan Direksi
92   Perbandingan Target dan Realisasi, serta                                Transparency of Information Regarding
     Proyeksi Satu Tahun ke Depan                                            the Board of Commissioners and the Board of Directors
     Comparison of Targets and Realizations,                             130 Penilaian atas Kinerja Dewan Komisaris dan Direksi
     and One-Year Forward Projections                                        Performance Assessment of the Board of
93   Kebijakan dan Pembagian Dividen                                         Commissioners and Board of Directors
                                                                                                                                                                           6
     Dividend Policy                                                     133 Pengungkapan Hubungan Afiliasi antara Direksi,                                   Sustainability Report
93   Kontribusi kepada Negara                                                Dewan Komisaris, dan Pemegang Saham Utama                                        Laporan Keberlanjutan

     Contribution to the Nation                                              dan/atau Pengendali
93   Realisasi Penggunaan Dana Hasil Penawaran Umum                          Disclosure of Affiliation Relationship between the Board of
     Realization of Use of Proceeds from Public Offering                     Directors, the Board of Commissioners, and the Major and/or
94   Informasi dan Fakta Material yang                                       Controlling Shareholder
     Terjadi setelah Tanggal Laporan Akuntan                             135 Keberagaman Komposisi Dewan Komisaris dan Direksi
     Information and Material Facts Occurring after                          Diversity in the Composition of the Board of
     the Accountant’s Report Date                                            Commissioners and Board of Directors
94   Informasi Material mengenai Investasi, Ekspansi, Divestasi,         136 Pengungkapan Rangkap Jabatan Dewan Komisaris dan Direksi
     Penggabungan/Peleburan Usaha, Akuisisi, Restrukturisasi                 Disclosure of Concurrent Positions of the                                                       7
     Utang/Modal                                                             Board of Commissioners and Board of Directors
                                                                                                                                                              Financial Report
                                                                                                                                                              Laporan Keuangan




     Material Information Regarding Investment, Expansion, Divestment,   138 Komite Audit
     Merger, Acquisition, Debt/Equity Restructuring                          Audit Committee
94   Program Kepemilikan Saham oleh Karyawan                             142 Komite Nominasi dan Remunerasi •
     dan/ atau Manajemen (ESOP/MSOP)                                         Nomination and Remuneration Committee
     Employee and/or Management Stock                                    146 Sekretaris Perusahaan
     Ownership Program (ESOP/MSOP)                                           Corporate Secretary
                                                                         148 Unit Audit Internal
                                                                             Internal Audit Unit
                                                                         151 Akuntan Publik
                                                                             Public Accountant



                                                                         COMBINED REPORT • PT SHIELD ON SERVICES Tbk                           5
Page 6
                                                                     06
152 Sistem Pengendalian Internal
    Internal Control System

                                                                     Laporan Keberlanjutan
153 Manajemen Risiko
    Risk Management

                                                                     Sustainability Report
156 Perkara Hukum
    Legal Cases
156 Sanksi Administrasi
    Administrative Sanctions
157 Akses Informasi dan Data Perseroan
    Access to Company Information and Data                           168 Tentang Laporan Keberlanjutan
158 Kode Etik                                                            About Sustainability Report
    Code of Ethics                                                   169 Strategi Keberlanjutan
159 Program Kepemilikan Saham bagi Karyawan dan Manajemen                Sustainability Strategy
    Employee and Management Stock Ownership Program                  169 Kegiatan Membangun Budaya Keberlanjutan
160 Sistem Pelaporan Pelanggaran                                         Activities to Build a Sustainability Culture
    Whistleblowing System (WBS)                                      174 Kinerja Ekonomi
162 Kebijakan Antikorupsi dan Antigratifikasi                            Economic Performance
    Anti-Corruption and Anti-Gratification Policy                    177 Kinerja Lingkungan
163 Ketidaksesuaian Penyajian Laporan Tahunan dan                        Environmental Performance
    Laporan Keuangan dengan Peraturan yang Berlaku dan               181 Kinerja Sosial
    Standar Akuntansi Keuangan (SAK)                                     Social Performance
    Incompatibility of Annual Report and Financial Statements with   183 Aspek Ketenagakerjaan
    Applicable Regulations and Financial Accounting Standards            Employment Aspect
    (SAK)


                                                                     07
                                                                     Laporan Keuangan
                                                                     Financial Report




6    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 7
    Ikhtisar Keuangan       Laporan Manajemen       Profil Perusahaan       Analisis dan                  Tata Kelola Perusahaan       Laporan Keberlanjutan       Laporan Keuangan
1




                        2




                                                3




                                                                        4




                                                                                                      5




                                                                                                                                   6




                                                                                                                                                               7
    Financial Summary       Management Report       Company Profile         Pembahasan Manajemen          Corporate Governance         Sustainability Report       Financial Report
                                                                            Management
                                                                            Discussion and Analysis




                                                                                                                                                                                      7
                                                                                                                                                                                      COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 8
8   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 9
COMBINED REPORT • PT SHIELD ON SERVICES Tbk   9
Page 10
IKHTISAR KEUANGAN • Financial Highlights

POSISI KEUANGAN                                                  FINANCIAL POSITION
                                                                                                          Dalam jutaan Rp | In million Rp

                           Uraian
                                                              2024                      2023                          2022
                         Description
 Aset Lancar
                                                                      404.449                  418.703                           308.802
 Current Assets
 Aset Tidak Lancar
                                                                        49.553                 42.409                             36.563
 Non-current Assets
 Jumlah Aset
                                                                      454.002                   461.112                          345.365
 Total Assets
 Liabilitas Jangka Pendek
                                                                       148.338                 160.919                            127.123
 Short-term Liabilities
 Liabilitas Jangka Panjang
                                                                          6.337                  5.937                             5.420
 Long-term Liabilities
 Jumlah Liabilitas
                                                                       154.675                 166.856                           132.543
 Total Liabilites
 Jumlah Ekuitas
                                                                      299.327              294.256                               212.822
 Total Equity


                Jumlah Aset                        Jumlah Liabilitas                                Jumlah Ekuitas
                Total Assets                        Total Liabilites                                  Total Equity
        Dalam jutaan Rp | In million Rp       Dalam jutaan Rp | In million Rp                  Dalam jutaan Rp | In million Rp

     308.802         418.703      404.449   132.543       166.856        154.675          212.822          294.256       299.327




     2022            2023          2024     2022          2023           2024             2022              2023          2024


LABA (RUGI) DAN PENGHASILAN                                      PROFIT (LOSS) AND OTHER
KOMPREHENSIF LAINNYA                                             COMPREHENSIVE INCOME
                                                                                                          Dalam jutaan Rp | In million Rp

                          Uraian                                 CASH FLOW
                                                              2024                       2023                          2022
                        Description
 Pendapatan Bersih
                                                                       1.870.249               1.780.353                     1.529.120
 Net Revenues
 Beban Pokok Pendapatan
                                                                       (1.713.217)         (1.607.075)                      (1.365.515)
 Cost of Revenues
 Laba Kotor
                                                                         157.032                 173.278                         163.605
 Gross Profit
 Beban Umum dan Administrasi
                                                                        (134.339)               (130.382)                    (122.596)
 General and Administrative Expenses
 Beban Pemasaran
                                                                                (277)               (355)                          (596)
 Marketing Expenses



10   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 11
                                                                                                                                                                            1




                                                                                                                                                           Financial Summary
                                                                                                                                                           Ikhtisar Keuangan
                                                                                                             Dalam jutaan Rp | In million Rp

                        Uraian
                                                                    2024                       2023                        2022
                      Description
Laba Usaha
                                                                                 22.416                42.541                        40.413                              2
Operating Income




                                                                                                                                                           Management Report
                                                                                                                                                           Laporan Manajemen
Pendapatan (Beban) Lain-lain
                                                                                 18.527                19.237                         13.412
Other Income (Expenses)
Laba Bersih
                                                                                12.255                34.552                         28.842
Net Income
Laba Komprehensif
                                                                                 13.064               35.289                         28.707
Comprehensive Income
Laba per Lembar Saham Dasar (dalam Rupiah penuh)                                                                                                                         3
                                                                                       7.11             47,00                         30,06
Earnings per Share (in full Rupiah)




                                                                                                                                                           Company Profile
                                                                                                                                                           Profil Perusahaan
              Pendapatan                                Laba Usaha                                  Laba Komprehensif
               Revenue                                Operating Income                             Comprehensive Income
      Dalam jutaan Rp | In million Rp               Dalam jutaan Rp | In million Rp               Dalam jutaan Rp | In million Rp

   1.529.120     1.780.353 1.870.249               40.413        42.541        22.416           28.707            35.289     13.064                                     4




                                                                                                                                                 Discussion and Analysis
                                                                                                                                                 Management
                                                                                                                                                 Pembahasan Manajemen
                                                                                                                                                 Analisis dan
                                                                                                                                                                        5




                                                                                                                                                           Corporate Governance
                                                                                                                                                           Tata Kelola Perusahaan
    2022          2023           2024              2022         2023           2024             2022          2023           2024



ARUS KAS                                                               CASH FLOW
                                                                                                             Dalam jutaan Rp | In million Rp                            6
                                                                                                                                                           Sustainability Report
                                                                                                                                                           Laporan Keberlanjutan
                          Uraian
                                                                       2024                    2023                        2022
                        Description
Arus Kas Bersih Yang Diperoleh dari Aktivitas Operasi
                                                                                  26.199               (13.178)                     (10.395)
Cash Flows from Operation Activities
Arus Kas Bersih yang Digunakan untuk Aktivitas
Investasi                                                                         (7.947)              (9.683)                      (19.345)
Cash Flows for Investment Activities
Arus Kas Bersih yang Diperoleh dari Aktivitas                                                                                                                             7
Pendanaan                                                                       (52.707)               61.702                         (4.116)
                                                                                                                                                           Financial Report
                                                                                                                                                           Laporan Keuangan




Cash Flows for Financing Activities
Penambahan (Penurunan) Neto Kas dan Setara Kas
                                                                                (34.455)               38.842                       (33.856)
Net Increase (Decrease) on Cash and Cash Equivalents
Saldo Kas dan Setara Kas pada Awal Tahun
                                                                                  86.167               47.326                         81.182
Cash and Cash Equivalents at the Beginning of the Year
Saldo Kas dan Setara Kas pada Akhir Tahun
                                                                                      51.712           86.167                        47.326
Cash and Cash Equivalents at the End of the Year




                                                                      COMBINED REPORT • PT SHIELD ON SERVICES Tbk                           11
Page 12
RASIO KEUANGAN                                            FINANCIAL RATIO
                                                                                              Dalam jutaan Rp | In million Rp

                       Uraian
                                                   2024                    2023                           2022
                     Description
 Imbal Hasil Ekuitas (%)
                                                              4.09                    11,74                           13,55
 Return on Equity (ROE) (%)
 Imbal Hasil Aset (%)
                                                              2.69                    7,49                             8,35
 Return on Assets (ROA) (%)
 Rasio Lancar (%)
                                                            272.65                  250,94                          260,57
 Current Ratio (%)
 Periode Kolektibilitas (hari)
                                                                64                       41                              38
 Collection Period (days)
 Rasio Total Liabilitas terhadap Ekuitas (%)
                                                             51,67                   56,70                           62,28
 Total Liabilities to Equity Ratio (%)
 Rasio Total Liabilitas terhadap Aset (%)
                                                             34,07                    36,19                          38,38
 Total Liabilities to Assets Ratio (%)




IKHTISAR KEBERLANJUTAN • Sustainability Highlights
                        Uraian
                                                     2024                   2023                          2022
                      Description
 Kinerja Ekonomi
 Economic Performance
 Total Pendapatan dari Kegiatan Operasi dan
 Usaha (Rp Juta)
                                                            1.870.248             1.780.353                      1.529.120
 Total Revenue from Operational and Business
 Activities (Rp Million)
 Kuantitas Jasa yang Dijual:
 Services Quantity Sold:
 Jasa Keamanan (Rp Juta)
                                                               581.413             574.985                         414.477
 Security Services (Rp Million)
 Jasa Penyedia Sumber Daya Manusia (Rp Juta)
                                                             1.001.808             898.364                        809.830
 Professional Employee Services Rp Million)
 Jasa Kebersihan
                                                             220.083               261.120                         273.717
 Cleaning Services
 Jasa Parkir
                                                               66.790               45.175                          30.333
 Parking Management
 Lain-lain
                                                                     153               709                              763
 Others
 Pelibatan Pemasok Lokal (Barang dan Jasa)
                                                                     80                 90                               90
 Local Suppliers Engagement (Goods and Services)
 Laba Bersih (Rp Juta)
                                                               12.254               34.552                          28.842
 Net Profit (Rp Million)
 Total Aset (Rp Juta)
                                                             454.002                461.112                       345.365
 Total Assets (Rp Million)




12    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 13
                                                                                                                                                      1




                                                                                                                                     Financial Summary
                                                                                                                                     Ikhtisar Keuangan
                     Uraian
                                                       2024                      2023                  2022
                   Description
Kinerja Lingkungan
Environmental Performance
Penggunaan Listrik (Rp Juta)                                                                                                                       2
                                                                  1.160                   1.197                1.229
Electricity Consumption (Rp Million)




                                                                                                                                     Management Report
                                                                                                                                     Laporan Manajemen
Pemakaian Air (Rp Juta)
                                                                    30                      40                    38
Water Consumption (Rp Million)
Penggunaan BBM (Rp Juta)
                                                                 2.583                   2.321                  1.977
Fuel Consumption (Rp Million)
Kinerja Sosial
Social Performance                                                                                                                                 3
Jumlah Pegawai (Orang)




                                                                                                                                     Company Profile
                                                                                                                                     Profil Perusahaan
                                                                24.731                  25.908                22.605
Number of Employees (People)
Jumlah Pegawai Wanita (Orang)
                                                                 3.465                   3.056                  3.741
Number of Female Employees (People)
Jumlah Pegawai Pria (Orang)
                                                                21.245                  22.852                18.864
Number of Male Employees (People)
Turnover Pegawai (%)                                                                                                                              4
                                                                  4,2%                    4,6%                  4,6%
Employee Turnover (%)




                                                                                                                           Discussion and Analysis
                                                                                                                           Management
                                                                                                                           Pembahasan Manajemen
                                                                                                                           Analisis dan
IKHTISAR SAHAM • Share Overview

                  Harga per Lembar Saham (Rp)         Jumlah Saham                                Volume Transaksi
 Periode                                                                    Kapitalisasi Pasar
                      Price per Share (Rp)           Beredar (Lembar                               Saham (Lembar                                  5
  2024                                                                             (Rp)
                                                          Saham)                                       Saham)
  2024                                                                           Market




                                                                                                                                     Corporate Governance
                                                                                                                                     Tata Kelola Perusahaan
              Terendah       Tertinggi   Penutupan   Total Outstanding                            Share Transaction
  Period       Lowest         Highest     Closing                           Capitalization (Rp)
                                                      Shares (Shares)                              Volume (Shares)
    Q1            460            460        460               799.414.231     367.730.546.260                   500
    Q2            414            426        424               799.414.231      338.951.633.944                  900
    Q3            450            450        450               799.414.231     359.736.403.950                  2.000
    Q4            494            498        494               799.414.231       394.910.630.114                2.600
                                                                                                                                                  6
                                                                                                                                     Sustainability Report
                                                                                                                                     Laporan Keberlanjutan
                  Harga per Lembar Saham (Rp)         Jumlah Saham                                Volume Transaksi
 Periode                                                                    Kapitalisasi Pasar
                      Price per Share (Rp)           Beredar (Lembar                               Saham (Lembar
  2023                                                                             (Rp)
                                                          Saham)                                       Saham)
  2023        Terendah       Tertinggi   Penutupan                               Market
                                                     Total Outstanding                            Share Transaction
  Period       Lowest         Highest     Closing                           Capitalization (Rp)
                                                      Shares (Shares)                              Volume (Shares)
    Q1            432            450        434               663.694.416     288.043.376.544                 29.200
    Q2            510            540        510               663.696.816      338.485.376.160                61.900
    Q3            570            575        575               767.387.316      441.247.706.700                15.900                                7
                                                                                                                                     Financial Report
                                                                                                                                     Laporan Keuangan




    Q4            460            490        486               799.414.231      388.515.316.266                 4.600




                                                          COMBINED REPORT • PT SHIELD ON SERVICES Tbk                 13
Page 14
                                 Grafik Pergerakan Saham Tahun 2024
                                               Stock Price Chart in 2024

     1200                                                                                                         600.000

     1000                                                                                                         500.000

     800                                                                                                          400.000

     600                                                                                                          300.000

     400                                                                                                          200.000

     200                                                                                                          100.000

        0
             Jan    Feb      Mar  Apr         Mei  Jun           Jul  Ags     Sept      Okt    Nov      Des
            2024   2024     2024 2024        2024 2024          2024 2024     2024     2024    2024    2024

                                                  VOLUME             PENUTUPAN


CORPORATE ACTION • Corporate Actions

Sepanjang tahun 2024, Perseroan tidak melakukan aksi             Sepanjang tahun 2024, Perusahaan tidak melaksanakan aksi
korporasi apa pun.                                               korporasi apa pun.



PENGHENTIAN SEMENTARA PERDAGANGAN
SAHAM (SUSPENSION), DAN/ATAU
PENGHAPUSAN PENCATATAN SAHAM •
(Delisting) Suspension of Stock Trading and/or Delisting of Stocks

PT Bursa Efek Indonesia menghentikan sementara                   The Indonesia Stock Exchange temporarily suspended trading
perdagangan Saham SOSS pada tanggal 29 Oktober 2024              of SOSS Shares on October 29, 2024, and October 31, 2024,
dan 31 Oktober 2024, sebagai respons terhadap peningkatan        in response to a significant cumulative price increase. This
harga kumulatif yang signifikan. Tindakan ini dilakukan untuk    action was taken to provide market participants with the
memberikan kesempatan kepada pelaku pasar untuk                  opportunity to make informed considerations based on
melakukan pertimbangan yang matang berdasarkan informasi         available information before making investment decisions in
yang ada sebelum membuat keputusan investasi pada                SOSS Shares.
Saham SOSS.




14   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 15
PENGHARGAAN DAN SERTIFIKASI •
Awards and Certifications                                                                                          1




                                                                                                  Financial Summary
                                                                                                  Ikhtisar Keuangan
Sertifikat | Sertificate


                                                                                                                2
                             Nama sertifikasi         ISO 9001:2015




                                                                                                  Management Report
                                                                                                  Laporan Manajemen
                             Name of Certification
                             Bidang sertifikasi       Quality Management System
                             Field of Certification
                             Lembaga/Badan(yang       TSI
                             memberikan)
                             Institution (Granting)
                                                                                                                3
                             Tahun perolehan          27 Juli 2024




                                                                                                  Company Profile
                                                                                                  Profil Perusahaan
                             Year of Achievement      July 27, 2024
                             Masa berlaku             26 Juli 2025
                             Valid period             July 26, 2025




                                                                                                               4




                                                                                        Discussion and Analysis
                                                                                        Management
                                                                                        Pembahasan Manajemen
                                                                                        Analisis dan
                             Nama sertifikasi         ISO 14001:2015
                             Name of Certification
                             Bidang sertifikasi       Environment Management
                             Field of Certification   System
                             Lembaga/Badan(yang       TSI
                             memberikan)                                                                       5




                                                                                                  Corporate Governance
                                                                                                  Tata Kelola Perusahaan
                             Institution (Granting)
                             Tahun perolehan          27 Juli 2024
                             Year of Achievement      July 27, 2024
                             Masa berlaku             26 Juli 2025
                             Valid period             July 26, 2025



                                                                                                               6
                                                                                                  Sustainability Report
                                                                                                  Laporan Keberlanjutan




                             Nama sertifikasi         ISO 45001 : 2018
                             Name of Certification
                             Bidang sertifikasi       Occupational Health and Safety
                             Field of Certification   Management Systems
                                                                                                                 7
                             Lembaga/Badan(yang       TSI
                                                                                                  Financial Report
                                                                                                  Laporan Keuangan




                             memberikan)
                             Institution (Granting)
                             Tahun perolehan          27 Juli 2024
                             Year of Achievement      July 27, 2024
                             Masa berlaku             26 Juli 2025
                             Valid period             July 26, 2025




                            COMBINED REPORT • PT SHIELD ON SERVICES Tbk            15
Page 16
                                                   Nama sertifikasi         ISO 37001:2016
                                                   Name of Certification
                                                   Bidang sertifikasi       Anti Bribery Management
                                                   Field of Certification   System
                                                   Lembaga/Badan(yang       TUV NORD
                                                   memberikan)
                                                   Institution (Granting)
                                                   Tahun perolehan          8 Agustus 2022
                                                   Year of Achievement      August 8, 2022
                                                   Masa berlaku             7 Agustus 2025
                                                   Valid period             August 7, 2025




                                                   Nama sertifikasi         Sistem Manajemen K3 (SMK3)
                                                   Name of Certification
                                                   Bidang sertifikasi       K3
                                                   Field of Certification
                                                   Lembaga/Badan(yang       Kementerian Tenaga Kerja RI
                                                   memberikan)
                                                   Institution (Granting)
                                                   Tahun perolehan          13 Mei 2022
                                                   Year of Achievement      May 13, 2022
                                                   Masa berlaku             13 Mei 2025
                                                   Valid period             May 13, 2025




16   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 17
PERISTIWA PENTING • Important Events
                                                                                                                                                       1




                                                                                                                                      Financial Summary
                                                                                                                                      Ikhtisar Keuangan
                                                            Rapat Umum Pemegang Sham Tahunan (RUPST)
                                                            PT Shield On Service Tbk, yang bertempat di Gedung
                                                            Graha Dinamika, Lantai 3, Jl. Tanah Abang II Nomor
                                                            49-51, Jakarta Pusat.                                                                   2




                                                                                                                                      Management Report
                                                                                                                                      Laporan Manajemen
                                                            The Annual General Meeting of Shareholders (AGMS)
                                                            of PT Shield On Service Tbk, held at Graha Dinamika
                                                            Building, 3rd Floor, Jl. Tanah Abang II Number 49-51,
                                                            Central Jakarta.



                                                                                                                                                    3
 21 Juni 2024 | June 21, 2024




                                                                                                                                      Company Profile
                                                                                                                                      Profil Perusahaan
 Public Expose Insidentil, diselenggarakan oleh                                                                                                    4
 PT Shield On Service Tbk guna melakukan cooling




                                                                                                                            Discussion and Analysis
                                                                                                                            Management
                                                                                                                            Pembahasan Manajemen
                                                                                                                            Analisis dan
 down dalam rangka meredakan pergerakan saham
 SOSS yang tidak biasa (Unusual Market Activity) yang
 terjadi pada perdagangan tanggal 24, 25, dan 28
 Oktober 2024, yang mengakibatkan penghentian
 sementara perdagangan saham Perseroan..

 Public Expose Insidentil, held by PT Shield On Service
 Tbk to conduct a cooling down in order to alleviate the
                                                                                                                                                   5
 unusual stock movement (Unusual Market Activity) that




                                                                                                                                      Corporate Governance
                                                                                                                                      Tata Kelola Perusahaan
 occurred on trading days of October 24, 25, and 28,
 2024, which resulted in the temporary suspension of                       1 November 2024 | November 1, 2024
 the Company’s stock trading.




                                                                                                                                                   6
                                                                                                                                      Sustainability Report
                                                                                                                                      Laporan Keberlanjutan
                                                           Public Expose PT Shield On Service Tbk, yang bertempat
                                                           di Gedung Graha Dinamika, Lantai 3, Jl. Tanah Abang II
                                                           Nomor 49-51, Jakarta Pusat.
                                                           Annual Public Expose of PT Shield On Service Tbk, held
                                                           at Graha Dinamika Building, 3rd Floor, Jl. Tanah Abang II
                                                           Number 49-51, Central Jakarta.

                                                                                                                                                     7
                                                                                                                                      Financial Report
                                                                                                                                      Laporan Keuangan




 24 Desember 2024 | December 24, 2024




                                                           COMBINED REPORT • PT SHIELD ON SERVICES Tbk                 17
Page 18
18   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 19
COMBINED REPORT • PT SHIELD ON SERVICES Tbk   19
Page 20
LAPORAN
DEWAN KOMISARIS •
Board of Commissioners Report




                                                                             Motohisa Suzuki
                                                                                   Komisaris Utama
                                                                                President Commissioner



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

 Puji dan syukur saya panjatkan pada Tuhan Yang Maha         Praise and gratitude to the God Almighty, Most Gracious,
 Kuasa, Maha Pemurah, dan Maha Penyayang, berkah dan         and Most Merciful, whose blessings and grace abound for
 rahmat-Nya melimpah bagi kita semua. Dewan Komisaris        us all. The Board of Commissioners expresses gratitude for
 mengucap syukur atas keberhasilan Perseroan melalui tahun   the Company's success in navigating through 2024 solidly
 2024 dengan solid di tengah kondisi makro yang dinamis.     amidst dynamic macro conditions. It is an honor for me, on
 Sebuah kehormatan bagi saya, mewakili Dewan Komisaris,      behalf of the Board of Commissioners, to present the Annual
 untuk menyampaikan Laporan Tahunan dan Laporan              Report and Sustainability Report of PT Shield On Service Tbk
 Keberlanjutan PT Shield On Service Tbk untuk tahun buku     for the 2024 financial year.
 2024.

 Pada kesempatan ini, kami akan menyampaikan laporan         On this occasion, we will present an oversight report on the
 pengawasan atas pengelolaan Perseroan oleh Direksi          Company's management by the Board of Directors throughout
 sepanjang tahun 2024. Selama periode ini, Dewan Komisaris   2024. During this period, the Board of Commissioners has
 telah bekerja sama dengan Direksi untuk memastikan          worked in collaboration with the Board of Directors to ensure
 Perseroan berada di jalur yang tepat dalam mengeksekusi     the Company remains on track in executing its business
 target dan rencana bisnis yang telah disusun, dengan        targets and plans, while always adhering to all applicable
 senantiasa mematuhi seluruh ketentuan yang berlaku.         regulations.

 Laporan ini turut mencakup berbagai rekomendasi, saran,     This report also includes various recommendations, suggestions,
 dan arahan yang diberikan oleh Dewan Komisaris kepada       and directions provided by the Board of Commissioners to
 Direksi yang pada akhirnya bertujuan untuk meningkatkan     the Board of Directors which ultimately aim to improve the
 kinerja Perseroan dalam upaya memberikan nilai tambah       Company's performance in an effort to provide added value
 kepada seluruh pemangku kepentingan. Dewan Komisaris        to all stakeholders. The Board of Commissioners places
 menempatkan pengawasan atas implementasi strategi yang      oversight of the implementation of strategies formulated by
 dirumuskan oleh Direksi sebagai prioritas utama. Fungsi     the Board of Directors as a top priority. The functions and
 dan wewenang Dewan Komisaris dalam mengawasi kegiatan       authorities of the Board of Commissioners in overseeing the
 Perseroan diatur oleh landasan hukum yang kuat, yang        Company's activities are governed by a strong legal foundation,
 termasuk Anggaran Dasar, Kode Etik, dan pedoman kerja       which includes the Articles of Association, Code of Conduct,
 Perseroan.                                                  and the Company's work guidelines.


20    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 21
                                                                                                                                                               1




                                                                                                                                              Financial Summary
                                                                                                                                              Ikhtisar Keuangan
Sepanjang tahun 2024, Dewan Komisaris secara aktif               Throughout 2024, the Board of Commissioners actively
menunjukkan komitmen yang kuat dalam memastikan                  demonstrated a strong commitment to ensuring the effective
efektivitas pengawasan terhadap implementasi strategi            oversight of the Company's strategic implementation. Through
Perseroan. Melalui partisipasi reguler dalam Rapat Gabungan      regular participation in Joint Meetings with the Board of
                                                                                                                                                            2
dengan Direksi, Dewan Komisaris memperoleh pemahaman             Directors, the Board of Commissioners gained a comprehensive




                                                                                                                                              Management Report
                                                                                                                                              Laporan Manajemen
yang mendalam mengenai kinerja Perseroan. Inisiatif aktif        understanding of the Company's performance. The proactive
Dewan Komisaris baik dalam pertemuan insidentil maupun           initiative of the Board of Commissioners, both in ad-hoc and
rapat strategis dengan Direksi mencerminkan dedikasi dalam       strategic meetings with the Board of Directors reflects our
memberikan pengawasan yang tepat dan relevan terhadap            dedication to providing timely and relevant oversight on
isu-isu penting. Tahun ini juga menandai periode transisi di     critical issues. This year also marks a transition period under
bawah kepemimpinan Direksi yang baru. Dengan tetap               the new leadership of the Board of Directors. While maintaining
mempertahankan praktik-praktik terbaik dari kepemimpinan         the best practices from the previous leadership, the Company                               3




                                                                                                                                              Company Profile
                                                                                                                                              Profil Perusahaan
sebelumnya, Perseroan secara simultan mengadopsi                 simultaneously adopts innovative approaches to drive
pendekatan-pendekatan inovatif untuk mendorong                   sustainable growth.
pertumbuhan yang berkelanjutan.

PENILAIAN ATAS KINERJA                                           PERFORMANCE ASSESSMENT OF
DIREKSI                                                          THE BOARD OF DIRECTORS
                                                                                                                                                           4
Tahun 2024 menunjukkan ketahanan ekonomi Indonesia               The year 2024 demonstrated Indonesia's robust economic




                                                                                                                                    Discussion and Analysis
                                                                                                                                    Management
                                                                                                                                    Pembahasan Manajemen
                                                                                                                                    Analisis dan
yang solid di tengah gejolak global. Meskipun mencatatkan        resilience amidst global volatility. Despite recording a growth
pertumbuhan sebesar 5,03%, sedikit di bawah capaian tahun        of 5.03%, slightly below the previous year's achievement,
sebelumnya, stabilitas indikator ekonomi menunjukkan             the stability of economic indicators reflects optimism regarding
optimisme terhadap potensi pertumbuhan nasional.                 the nation's growth potential.

Dalam menghadapi kompleksitas dinamika ekonomi global            In navigating the complexities of the challenging global
yang penuh tantangan, Dewan Komisaris menyampaikan               economic landscape, the Board of Commissioners commends
apresiasi atas kinerja Direksi Perseroan yang telah berhasil     the Board of Directors for their adept management in                                      5




                                                                                                                                              Corporate Governance
                                                                                                                                              Tata Kelola Perusahaan
menjaga kemajuan bisnis dan meningkatkan kepercayaan             maintaining business advancement and enhancing stakeholder
para pemangku kepentingan melalui implementasi inisiatif         confidence through the implementation of precise strategic
strategis yang tepat, sehingga Perseroan mampu mencatatkan       initiatives, thereby enabling the Company to achieve positive
hasil positif sepanjang tahun 2024.                              results throughout 2024.

Meskipun dihadapkan pada dampak signifikan dari perubahan        Notwithstanding the significant impacts of global geopolitical
geopolitik global, seperti pelantikan presiden Amerika Serikat   shifts, such as the inauguration of the new U.S. President and
yang baru dan ketidakstabilan di kawasan Timur Tengah,           instability in the Middle East, the Board of Commissioners                                6
Dewan Komisaris menilai bahwa Perseroan telah menunjukkan        acknowledges the Company's exceptional ability to accurately                 Sustainability Report
                                                                                                                                              Laporan Keberlanjutan
kemampuan yang luar biasa dalam mengidentifikasi kebutuhan       identify Indonesian market needs and effectively execute its
pasar Indonesia dan menjalankan operasi bisnisnya secara         business operations, which serves as a crucial factor in
efektif, yang menjadi faktor krusial dalam mempertahankan        sustaining solid and continuous performance amidst global
kinerja yang solid dan berkelanjutan di tengah ketidakpastian    economic uncertainties.
kondisi ekonomi global.

Peningkatan pada pendapatan sebesar 5,04% dibandingkan           The 5.04% year-over-year increase in revenue serves as
periode yang sama di tahun sebelumnya menjadi indikator          primary indicator of this success, with Rp1.87 trillion in 2024                             7
                                                                                                                                              Financial Report
                                                                                                                                              Laporan Keuangan




utama keberhasilan ini, di mana Rp1,87 triliun di tahun 2024     exceeding the 2023 figure of Rp1.78 trillion. All collective
lebih tinggi dari angka tahun 2023 sebesar Rp1,78 triliun.       achievements of the Company are a direct result of effective
Seluruh pencapaian Perseroan merupakan buah dari strategi        strategies formulated by the Board of Directors, enhancement
efektif yang dirumuskan oleh Direksi, peningkatan kualitas       of service quality, and judicious management measures
layanan, serta langkah-langkah manajemen yang tepat guna         implemented to optimize the Company's overall performance.
dalam mengoptimalkan kinerja Perseroan.




                                                                 COMBINED REPORT • PT SHIELD ON SERVICES Tbk                   21
Page 22
Kami berpandangan bahwa Direksi telah menjalankan               We are of the view that the Board of Directors has performed
tugasnya dengan baik, sesuai dengan bidang tugas masing-        its duties well, in accordance with their respective areas of
masing. Lebih lanjut, Dewan Komisaris mengamati adanya          responsibility. Furthermore, the Board of Commissioners
koordinasi yang baik dan sinergi yang solid antar anggota       observes good coordination and solid synergy among the
Direksi, sehingga Perseroan mampu mencapai kinerja positif.     members of the Board of Directors, so that the Company is
                                                                able to achieve positive performance.

Dewan Komisaris juga memberikan apresiasi atas keberhasilan     The Board of Commissioners also expresses appreciation
Direksi dalam mengimplementasikan strategi bisnis Perseroan     for the Board of Directors' success in implementing the
tahun 2024 yang berfokus pada penguatan tata kelola,            Company's 2024 business strategy, which focused on
penguatan struktur manajemen, penguatan struktur                strengthening governance, reinforcing the management
operasional, serta kolaborasi dengan pemegang saham             structure, enhancing operational structure, and collaborating
utama. Kami memandang bahwa sinergi yang harmonis               with the key shareholder. We believe that the harmonious
antara seluruh pemangku kepentingan Perseroan sebagai           synergy among all of the Company's stakeholders is the
kunci utama seluruh pencapaian yang diraih Perseroan            primary key to all of the Company's achievements during the
selama periode berjalan.                                        reporting period.

Segenap jajaran Dewan Komisaris senantiasa berusaha             The entire ranks of the Board of Commissioners always strive
menegakkan komitmen untuk terus mendampingi Perseroan           to uphold the commitment to continue to assist the Company
dalam mencapai visi dan misinya, serta untuk selalu             in achieving its vision and mission, and to always ensure
memastikan kepatuhan terhadap ketentuan-ketentuan yang          compliance with applicable regulations, including compliance
berlaku, termasuk kepatuhan terhadap peraturan perundang-       with laws and regulations, transparency of financial reports,
undangan, transparansi laporan keuangan, dan integritas         and integrity in operations.
dalam operasional.

PANDANGAN ATAS PENERAPAN                                        VIEWS ON THE GOVERNANCE
TATA KELOLA                                                     IMPLEMENTATION
Dewan Komisaris dan Direksi bersama-sama bertanggung            The Board of Commissioners and the Board of Directors are
jawab atas penerapan Governansi Korporat di dalam tubuh         jointly responsible for the implementation of Corporate
Perseroan. Dewan Komisaris tidak hanya mengevaluasi hasil       Governance within the Company. The Board of Commissioners
akhir, tetapi juga memantau proses yang berlangsung untuk       not only evaluates the final results, but also monitors the
memastikan pencapaian target atau tujuan yang ditetapkan.       ongoing processes to ensure the achievement of set targets
Dewan Komisaris dan Direksi berkolaborasi untuk mewujudkan      or objectives. The Board of Commissioners and the Board
praktik-praktik terbaik Governansi Korporat, yang pada          of Directors collaborate to realize Corporate Governance’s
akhirnya akan menciptakan nilai yang berkelanjutan.             best practices, which will ultimately create sustainable value.

Perseroan telah mengintegrasikan prinsip-prinsip tata kelola    The Company has integrated the governance principles into
ke dalam budaya kerja dan proses operasional dengan tidak       its work culture and operational processes, not merely as an
sekadar sebagai kewajiban memenuhi regulasi, melainkan          obligation to comply with regulations, but as part of business
bagian dari kebutuhan bisnis. Implementasi ini melibatkan       needs. This implementation involves all levels of the
seluruh tingkatan organisasi, dari manajemen puncak hingga      organization, from top management to employees at the
karyawan di level terbawah. Kendati demikian, Dewan             lowest level. Nevertheless, the Board of Commissioners
Komisaris memandang bahwa masih terdapat area-area              believes that there are still areas that require improvement.
yang memerlukan peningkatan.

Secara umum, penerapan Governansi Korporat di Perseroan         In general, the implementation of Corporate Governance in
sepanjang tahun 2024 telah mematuhi seluruh ketentuan           the Company throughout 2024 has complied with all applicable
yang berlaku dengan absennya praktik penyimpangan               regulations with the absence of any deviant practices against
terhadap jalannya operasional. Penerapan sistem pelaporan       the course of operations. The implementation of the
pelanggaran (whistleblowing system) di Perseroan juga           whistleblowing system in the Company is also running optimally.
berjalan optimal. Selama tahun 2024, tidak ada laporan          During 2024, there were no reports of violations received
pelanggaran yang diterima oleh Dewan Komisaris. Fakta-          by the Board of Commissioners. These facts are positive
fakta ini merupakan indikator positif bahwa sistem Governansi   indicators that the Corporate Governance system and internal


22   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 23
                                                                                                                                                                1




                                                                                                                                               Financial Summary
                                                                                                                                               Ikhtisar Keuangan
Korporat dan kepatuhan internal di Perseroan berjalan sesuai     compliance within the Company are running as expected
ekspektasi dan dapat diandalkan dalam menjaga integritas         and can be relied upon to maintain the integrity and credibility
dan kredibilitas Perseroan.                                      of the Company.

                                                                                                                                                             2
PENILAIAN KINERJA KOMITE                                         PERFORMANCE ASSESSMENT OF




                                                                                                                                               Management Report
                                                                                                                                               Laporan Manajemen
PENDUKUNG DEWAN KOMISARIS                                        THE BOARD OF COMMISSIONERS
                                                                 SUPPORTING COMMITTEES

Dewan Komisaris didukung oleh dua komite dalam                   The Board of Commissioners is supported by two committees
menjalankan tugas-tugas dan tanggung jawab, yaitu Komite         in carrying out its duties and responsibilities, namely the Audit
Audit dan Komite Nominasi dan Remunerasi. Komite Audit           Committee and the Nomination and Remuneration Committee.                                    3




                                                                                                                                               Company Profile
                                                                                                                                               Profil Perusahaan
di Perseroan memiliki fungsi untuk melakukan pengawasan          The Company's Audit Committee functions to oversee the
atas efektivitas sistem pengendalian internal, audit internal,   effectiveness of the internal control system, internal audit,
serta proses pelaporan keuangan. Sedangkan Komite                and financial reporting processes. Meanwhile, the Nomination
Nominasi dan Remunerasi bertanggung jawab kepada                 and Remuneration Committee is responsible to the Board of
Dewan Komisaris dalam membantu melaksanakan fungsi               Commissioners in assisting with the implementation of the
Nominasi dan Remunerasi di Perseroan.                            Nomination and Remuneration functions within the Company.
                                                                                                                                                            4
Selama tahun 2024, kedua komite menunjukkan kinerja              During 2024, both committees demonstrated good performance




                                                                                                                                     Discussion and Analysis
                                                                                                                                     Management
                                                                                                                                     Pembahasan Manajemen
                                                                                                                                     Analisis dan
yang baik dalam melaksanakan fungsinya. Dukungan dari            in carrying out their functions. The support from both committees
kedua komite berjalan optimal dalam memperkuat praktik           was optimal in strengthening the Board of Commissioners'
pengawasan Dewan Komisaris terhadap pengelolaan                  oversight practices of the Company's management. The
Perseroan. Kinerja kedua komite pun solid dalam membantu         performance of both committees was also solid in helping
Dewan Komisaris mengidentifikasi dan merespons isu-isu           the Board of Commissioners identify and respond to strategic
strategis yang dihadapi Perseroan. Keefektifan kedua komite      issues faced by the Company. The effectiveness of both
memberikan pandangan dan rekomendasi menjadi basis               committees in providing insights and recommendations
dalam melakukan penilaian mereka.                                became the basis in conducting their assessments.                                          5




                                                                                                                                               Corporate Governance
                                                                                                                                               Tata Kelola Perusahaan
Dewan Komisaris mengapresiasi kontribusi penting dari            The Board of Commissioners appreciates important
seluruh komite dalam mendukung tugas pengawasan dan              contributions of all committees in supporting supervisory
memberikan saran strategis sepanjang tahun 2024. Kami            duties and providing strategic advice throughout 2024. We
juga berharap Komite Audit serta Komite Nominasi dan             also hope that the Audit Committee and the Nomination and
Remunerasi dapat meningkatkan perannya untuk lebih               Remuneration Committee can improve their roles to further
mendukung tugas dan tanggung jawab Dewan Komisaris               support the duties and responsibilities of the Board of
untuk senantiasa mendorong efektivitas implementasi              Commissioners to always encourage the effectiveness of                                     6
Governansi Korporat di semua lini Perseroan.                     Corporate Governance implementation at all levels of the                      Sustainability Report
                                                                                                                                               Laporan Keberlanjutan
                                                                 Company.

PANDANGAN ATAS PROSPEK                                           OUTLOOK ON BUSINESS
USAHA                                                            PROSPECTS
Menyongsong tahun buku yang baru, Perseroan optimistis           Entering the new financial year, the Company is optimistic
dapat menghadirkan kinerja yang lebih unggul dengan tetap        about delivering excellent performance by maintaining a
fokus pada pemenuhan kebutuhan pelanggan serta efisiensi         steadfast focus on meeting customer needs and enhancing                                      7
                                                                                                                                               Financial Report
                                                                                                                                               Laporan Keuangan




operasi. Langkah-langkah ini bertujuan untuk memperkuat          operational efficiency. These steps aim to strengthen the
daya saing Perseroan di pasar industri penyedia jasa alih        Company's competitiveness in the outsourcing industry.
daya. Mencermati peningkatan kinerja Perseroan pada tahun        Observing the Company's improved performance in 2024,
2024, serta strategi pemasaran yang dipaparkan oleh Direksi,     as well as the marketing strategies presented by the Board
Dewan Komisaris yakin bahwa Perseroan akan terus                 of Directors, the Board of Commissioners is confident that
mencatatkan pertumbuhan positif pada tahun 2025. Guna            the Company will continue to record positive growth in 2025.
mencapai target tersebut, Perseroan akan senantiasa menjaga      To achieve these targets, the Company will always maintain
kualitas produk dan layanan sebagai prioritas utama.             product and service quality as a top priority.




                                                                 COMBINED REPORT • PT SHIELD ON SERVICES Tbk                    23
Page 24
PERUBAHAN KOMPOSISI DEWAN                                     CHANGES IN THE COMPOSITION
KOMISARIS                                                     OF THE BOARD OF
                                                              COMMISSIONERS

Pada tahun 2024, tidak terdapat perubahan dalam komposisi     In 2024, there were no changes to the composition of the
Dewan Komisaris Perseroan. Komposisi Dewan Komisaris          Company's Board of Commissioners. Consistent composition
yang sama dengan tahun sebelumnya turut berpengaruh           of the Board of Commissioners, similar to the previous year,
pada kestabilan dan konsistensi dalam pengambilan             contributed to the stability and consistency in strategic
keputusan strategis serta pengelolaan risiko dalam jalannya   decision-making and risk management within the Company's
Perseroan.                                                    operations.

PENUTUP                                                       CLOSING
Kami menyampaikan terima kasih sebesar-besarnya kepada        We express our deepest gratitude to all management,
seluruh manajemen, pemegang saham, dan semua pemangku         shareholders, and all stakeholders for their trust and support
kepentingan atas kepercayaan dan dukungannya kepada           of PT Shield On Service Tbk. Our deepest appreciation is
PT Shield On Service Tbk. Apresiasi terdalam juga kami        also extended to all members of the Board of Directors,
tujukan kepada segenap jajaran Direksi, karyawan, serta       employees, and business partners who have always supported
mitra bisnis yang senantiasa mendukung Perseroan untuk        the Company to grow and develop. The Board of Commissioners
tumbuh dan berkembang. Dewan Komisaris optimistis bahwa       is optimistic that the Company's success in this fiscal year
keberhasilan Perseroan di tahun buku ini akan menjadi         will be a strong foundation for future business prospects.
fondasi kuat bagi prospek bisnis di masa mendatang.           Close collaboration from all elements will be the key to the
Kolaborasi yang erat dari semua elemen akan menjadi kunci     Company in facing the challenges of change and improving
utama Perseroan dalam menghadapi tantangan perubahan          brilliant achievements.
dan meningkatkan pencapaian gemilang.




                                            Atas nama Dewan Komisaris,
                                       On behalf of the Board of Commissioners,




                                                 Motohisa Suzuki
                                                   Komisaris Utama
                                                President Commissioner




24   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 25
    Ikhtisar Keuangan       Laporan Manajemen       Profil Perusahaan       Analisis dan                                                    Tata Kelola Perusahaan       Laporan Keberlanjutan       Laporan Keuangan
1




                        2




                                                3




                                                                        4




                                                                                                                                        5




                                                                                                                                                                     6




                                                                                                                                                                                                 7
    Financial Summary       Management Report       Company Profile         Pembahasan Manajemen                                            Corporate Governance         Sustainability Report       Financial Report
                                                                            Management
                                                                            Discussion and Analysis




                                                                                                                                                                                                                        25
                                                                                                                                                                                                                        COMBINED REPORT • PT SHIELD ON SERVICES Tbk
                                                                                                THIS PAGE IS INTENTIONALLY LEFT BLANK
                                                                                                 HALAMAN INI SENGAJA DIKOSONGKAN
Page 26
LAPORAN
DIREKSI •
Board of Directors Report




                                                                                        Hiroshi Iwai
                                                                                          Direktur Utama
                                                                                         President Director



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

 Mewakili jajaran Direksi PT Shield On Service Tbk, dengan         On behalf of the Board of Directors of PT Shield On Service
 bangga saya menyampaikan laporan kinerja komprehensif             Tbk, I am proud to present a comprehensive performance
 Perseroan di tahun 2024. Kami panjatkan puji dan syukur           report of the Company in 2024. We offer praise and gratitude
 kepada Tuhan Yang Maha Esa, rahmat dan karunia-Nya                to God Almighty, whose grace and blessings have been
 melimpah kepada Perseroan yang dengan penuh ketangguhan           abundant for the Company, which has resolutely overcome
 berhasil melalui berbagai tantangan yang melintang di             various challenges that have stood in its way throughout the
 sepanjang tahun.                                                  year.

 Pada laporan pertanggungjawaban ini, kami akan memaparkan         In this accountability report, we will outline the achievements,
 pencapaian, strategi, dan proyeksi bisnis ke depan yang           strategies, and future business projections that can strengthen
 dapat mengukuhkan posisi Perseroan di pasar dan meraih            the Company's position in the market and achieve the targets
 target-target yang telah ditetapkan. Seluruh pencapaian positif   that have been set. All of the Company's positive achievements
 Perseroan di tahun berjalan didukung oleh komitmen, kerja         in the current year are supported by the commitment, intelligent
 cerdas, dan kerja keras seluruh manajemen dan karyawan.           work, and hard work of all management and employees.

 Prestasi yang membanggakan ini juga buah dari kerja sama          This proud achievement is also the result of solid cooperation
 yang solid dari Pemegang Saham dan Pemangku Kepentingan           from Shareholders and Stakeholders as an integral part of
 sebagai bagian integral dari perjalanan Perseroan.                the Company's journey.

 KONDISI MAKROEKONOMI                                              MACROECONOMIC CONDITIONS
 Kinerja ekonomi domestik stabil dan solid di sepanjang            Throughout the dynamic and challenging year of 2024, the
 tahun 2024 yang dinamis dan penuh dengan tantangan.               domestic economic performance demonstrated solid stability
 Efektivitas kebijakan fiskal dan moneter membuahkan               and resilience. The effectiveness of fiscal and monetary
 peningkatan kepercayaan investor dan mendorong realisasi          policies yielded increased investor confidence and drove
 investasi di berbagai sektor. Tingkat inflasi tercatat sebesar    investment realization across various sectors. The inflation
 2,8%, di mana masih berada dalam kisaran target yang              rate was recorded at 2.8%, remaining within the target range
 ditetapkan oleh pemerintah dan Bank Indonesia. Ekonomi            set by the government and Bank Indonesia. Indonesia's
 Indonesia sendiri tumbuh sebesar 5,03% tahun 2024 seperti         economy grew by 5.03% in 2024, as announced by the


26    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 27
                                                                                                                                                                1




                                                                                                                                               Financial Summary
                                                                                                                                               Ikhtisar Keuangan
yang diumumkan Badan Pusat Statistik. Capaian ini mengalami      Statistics Indonesia. This achievement reflects a moderation
moderasi dibanding capaian tahun 2023 yang bertumbuh             compared to the 2023 growth of 5.05% (year-on-year).
5,05 %(year-on-year).

                                                                                                                                                             2
Direksi mencatat bahwa tahun 2024 masih diwarnai oleh            The Board of Directors notes that 2024 continued to be




                                                                                                                                               Management Report
                                                                                                                                               Laporan Manajemen
tantangan geopolitik, fluktuasi harga bahan baku, dan inflasi,   marked by geopolitical challenges, raw material price
khususnya bagi perekonomian global. Meskipun begitu,             fluctuations, and inflation, particularly for the global economy.
pemulihan ekonomi dalam negeri pasca pandemi terhitung           Nevertheless, the domestic post-pandemic economic recovery
tetap berjalan mulus, yang berkesinambungan dari tahun           has continued smoothly, building on the momentum from the
sebelumnya, didukung peningkatan daya beli masyarakat            previous year, supported by increased public purchasing
dan akselerasi digitalisasi di sektor konsumsi, menciptakan      power and accelerated digitalization in the consumption
pengaruh positif bagi industri penyedia jasa alih daya.          sector, creating a positive impact on the outsourcing services                              3




                                                                                                                                               Company Profile
                                                                                                                                               Profil Perusahaan
                                                                 industry.

PERBANDINGAN TARGET DAN                                          COMPARISON OF TARGETS AND
REALISASI                                                        REALIZATIONS
Sehubungan dengan kondisi ekonomi global yang dinamis,           In light of the dynamic global economic conditions, the
Direksi Perseroan senantiasa menabur optimisme terhadap          Company's Board of Directors maintains a steadfast optimism                                4
prospek pengembangan bisnis. Tim manajemen terus                 regarding business development prospects. The management




                                                                                                                                     Discussion and Analysis
                                                                                                                                     Management
                                                                                                                                     Pembahasan Manajemen
                                                                                                                                     Analisis dan
melakukan kajian mendalam untuk mengidentifikasi peluang         team continues to conduct in-depth analyses to identify
pasar yang dapat diakses melalui optimalisasi keahlian           market opportunities that can be accessed through the
Perseroan dalam menyediakan jasa ketenagakerjaan yang            optimization of the Company's expertise in providing integrated
terpadu.                                                         manpower services.

Pada tahun 2024, Perseroan berhasil mencatatkan kinerja          In 2024, the Company demonstrated robust operational
operasional yang solid dengan meraih 95,17% dari target          performance, achieving 95.17% of its targeted revenue,
pendapatan yang ditetapkan, yaitu sebesar Rp1,87 triliun.        amounting to Rp1.87 trillion. Concurrently, net profit and net                             5




                                                                                                                                               Corporate Governance
                                                                                                                                               Tata Kelola Perusahaan
Sejalan dengan hal tersebut, laba bersih dan margin laba         profit margin realized 42.42% and 44.22% of respective
bersih masing-masing mencapai 42,42% dan 44,22% dari             targets. Overall, the Company exhibited strong performance
target yang telah ditentukan. Secara keseluruhan, Perseroan      throughout the financial year, establishing resilient foundation
menunjukkan kinerja yang kuat sepanjang tahun, guna              for sustained growth in subsequent periods.
menjadi landasan yang kokoh bagi pertumbuhan berkelanjutan
di periode mendatang.

IMPLEMENTASI STRATEGI USAHA                                      IMPLEMENTATION OF BUSINESS                                                                 6
TENTANG DAMPAK, PELUANG,                                         STRATEGY ON IMPACTS,
                                                                                                                                               Sustainability Report
                                                                                                                                               Laporan Keberlanjutan

DAN RISIKO                                                       OPPORTUNITIES, AND RISKS
Dalam rangka penyusunan kebijakan strategis tahun 2024,          In preparing the 2024 strategic policies, the Company's Board
Direksi Perseroan telah melakukan evaluasi menyeluruh            of Directors has conducted comprehensive evaluation of
terhadap faktor internal dan eksternal yang dapat memengaruhi    internal and external factors that can affect the Company's
kinerja Perseroan. Salah satu faktor eksternal yang menjadi      performance. One of the external factors that has been a
perhatian utama adalah eskalasi ketegangan geopolitik di         major concern is the escalation of geopolitical tensions in
berbagai kawasan dunia. Kondisi ini memerlukan perhatian         various regions of the world. This condition requires serious                                7
                                                                                                                                               Financial Report
                                                                                                                                               Laporan Keuangan




serius karena berpotensi menimbulkan dampak signifikan           attention because it has the potential to have significant
terhadap stabilitas ekonomi global, termasuk pasar domestik      impact on global economic stability, including the Company's
Perseroan.                                                       domestic market.

Oleh karena itu, kebijakan strategis yang dihasilkan turut       Therefore, the resulting strategic policies also take into
mempertimbangkan berbagai skenario dan langkah-langkah           account various scenarios and anticipatory measures to
antisipasi untuk memitigasi risiko yang mungkin timbul.          mitigate potential risks. The Company's Board of Directors,
Direksi Perseroan, bersama jajaran organ pendukung,              together with the supporting bodies, formulates competitive
merumuskan kebijakan dan strategi yang kompetitif untuk          policies and strategies for all aspects of the Company's


                                                                 COMBINED REPORT • PT SHIELD ON SERVICES Tbk                    27
Page 28
seluruh aspek bisnis Perseroan. Melalui rapat dan pertemuan       business. Through routine meetings and discussions, business
rutin, target usaha, anggaran, pengembangan produk dan            targets, budgets, product and service development, human
layanan, pengelolaan sumber daya manusia, teknologi               resources management, information technology, as well as
informasi, serta tanggung jawab sosial dan lingkungan             social and environmental responsibility are discussed
dibahas secara komprehensif.                                      comprehensively.

Perseroan memfokuskan kegiatan operasionalnya pada                The Company focuses its operational activities on the
industri penyedia jasa alih daya, di mana sumber daya manusia     outsourcing services industry, where human resources are
merupakan aset utama kami. Dengan portofolio yang mencakup        our primary asset. With a portfolio encompassing 25,000
25.000 tenaga kerja, Perseroan berkomitmen untuk membekali        personnel, the Company is committed to equipping them
mereka dengan kapasitas dan kapabilitas yang sesuai dengan        with the capacity and capabilities aligned with client
kebutuhan pelanggan. Dalam rangka mencapai hal ini,               requirements. To achieve this, the Company implements
Perseroan melaksanakan program pelatihan yang disesuaikan         training programs tailored to the respective fields and expertise
dengan bidang dan keahlian masing-masing SDM. Kami pun            of each employee. We also adopt best practices and work
mengadopsi praktik terbaik dan budaya kerja dari PT ALSOK         culture from PT ALSOK BASS Indonesia Security Services
BASS Indonesia Security Services, dengan mengirimkan              by sending selected staff to Japan.
sejumlah staf terpilih ke Jepang.

Tahun 2024 menandai periode tahun buku perdana di                 The year 2024 marks the inaugural fiscal period under the
bawah kepemimpinan manajemen baru sejak integrasi                 new management leadership since the integration with PT
dengan PT ALSOK BASS Indonesia Security Services. Oleh            ALSOK BASS Indonesia Security Services. Consequently, a
karena itu, salah satu strategi utama yang diimplementasikan      key strategic initiative implemented this year is to focus on
pada tahun ini adalah fokus pada penguatan tata kelola            strengthening corporate governance. This includes adaptive
perusahaan. Hal ini mencakup upaya adaptasi untuk                 efforts to harmonize two distinct cultures or systems.
menyelaraskan dua budaya atau sistem yang berbeda.                Additionally, the Company undertook revisions to several
Selain itu, Perseroan juga melaksanakan revisi terhadap           internal regulations to align with current operational needs.
sejumlah regulasi internal guna menyesuaikan dengan
kebutuhan operasional yang terkini.

Dalam upaya peningkatan sistem, Perseroan pada tahun ini          In pursuit of system enhancements, this year the Company
telah mengimplementasikan terobosan strategis melalui             implemented a strategic breakthrough through the
desentralisasi inisiatif pengembangan bisnis, dengan              decentralization of business development initiatives,
memberdayakan kantor cabang di empat belas kota di                empowering branch offices in fourteen cities across Indonesia.
seluruh Indonesia. Langkah ini merupakan kemajuan signifikan      This initiative represents significant advancement expected
yang diharapkan dapat mendorong peningkatan profitabilitas        to drive improved future profitability, as growth potential and
di masa mendatang, mengingat potensi pertumbuhan dan              market opportunities are no longer limited to initiatives
peluang pasar tidak lagi terbatas pada inisiatif yang berasal     originating from the Jakarta head office.
dari kantor pusat di Jakarta.

Dalam ranah teknologi informasi (TI), Perseroan secara aktif      In the realm of information technology (IT), the Company
mengeksplorasi peluang-peluang inovatif, baik melalui             actively explores innovative opportunities, both through the
optimalisasi saluran digital terkini untuk komunikasi pemasaran   optimization of current digital channels for marketing
maupun pengembangan sistem yang dirancang untuk                   communications and the development of systems designed
memenuhi kebutuhan pelanggan dan meningkatkan efisiensi           to meet client needs and enhance internal business process
proses bisnis internal. Khususnya dalam aspek layanan             efficiency. Particularly in the area of client services, the
pelanggan, Perseroan memprioritaskan peningkatan                  Company prioritizes the enhancement of client experience
pengalaman melalui kolaborasi implementasi sistem TI dalam        through collaborative implementation of IT systems in
operasional, mengingat ketergantungan signifikan pada             operations, given the significant reliance on human resources.
sumber daya manusia. Ke depannya, Perseroan berkomitmen           Moving forward, the Company is committed to strengthening
untuk memperkuat infrastruktur sistem ini, dengan dukungan        its system infrastructure, with full support from the controlling
penuh dari pemegang saham utama dan implementasi yang             shareholder and widespread implementation across all branch
luas di seluruh kantor cabang, sebagai bagian dari upaya          offices, as part of a continuous effort to provide added value
berkelanjutan dalam memberikan nilai tambah bagi seluruh          to all stakeholders.
pemangku kepentingan.


28   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 29
                                                                                                                                                              1




                                                                                                                                             Financial Summary
                                                                                                                                             Ikhtisar Keuangan
Untuk setiap kebijakan strategis, evaluasi rutin dilaksanakan   For each strategic policy, routine evaluations are conducted
untuk memastikan pencapaian target sesuai rencana kerja.        to ensure target achievement aligns with work plans. In the
Apabila terdapat perbedaan antara pencapaian dan target,        event of discrepancies between achievements and targets,
Direksi akan melakukan koreksi yang diperlukan. Seluruh         the Board of Directors implements necessary corrections.
                                                                                                                                                           2
langkah strategis Perseroan selalu diselaraskan dengan arahan   All strategic steps of the Company are consistently aligned




                                                                                                                                             Management Report
                                                                                                                                             Laporan Manajemen
dan rekomendasi Dewan Komisaris serta tren pasar yang           with the directives and recommendations of the Board of
berkembang. Dengan demikian, Perseroan senantiasa berada        Commissioners and evolving market trends. Thus, the Company
pada jalur yang tepat menuju kesuksesan di masa depan.          remains on the right track towards future success.

Dalam menjalankan praktik keberlanjutan, Perseroan              In implementing sustainability practices, the Company faces
menghadapi berbagai tantangan yang memerlukan mitigasi          various challenges that require careful mitigation. A primary
yang cermat. Salah satu tantangan utama adalah pengurangan      challenge is the reduction of environmental footprint, which                               3




                                                                                                                                             Company Profile
                                                                                                                                             Profil Perusahaan
jejak lingkungan, yang meliputi upaya Perseroan untuk           includes the Company's efforts to reduce greenhouse gas
mengurangi emisi gas rumah kaca, mengelola limbah secara        emissions, manage waste effectively, and minimize negative
efektif, serta meminimalkan dampak negatif terhadap             impacts on surrounding ecosystems.
ekosistem sekitar.

MENJALANKAN BISNIS                                              CONDUCTING A BUSINESS
BERLANDASKAN NILAI-NILAI                                        BASED ON SUSTAINABILITY                                                                   4

KEBERLANJUTAN                                                   VALUES




                                                                                                                                   Discussion and Analysis
                                                                                                                                   Management
                                                                                                                                   Pembahasan Manajemen
                                                                                                                                   Analisis dan
Perseroan berkomitmen memberikan dampak sosial yang             The Company is committed to delivering a positive social
positif bagi masyarakat, di mana aspek Lingkungan, Sosial,      impact to the community, with Environmental, Social, and
dan Tata Kelola (LST/ESG) merupakan aspek yang kami             Governance (ESG) aspects being a key focus in ensuring
perhatikan secara saksama dalam memastikan keberlanjutan        business sustainability. The Company's sustainability strategy
usaha. Strategi keberlanjutan Perseroan penting untuk           is crucial for maintaining competitiveness and meeting
menjaga daya saing dan memenuhi harapan pemangku                stakeholder expectations regarding social, environmental,
kepentingan terhadap tanggung jawab sosial, lingkungan,         and economic responsibilities, achieved through the consistent                            5




                                                                                                                                             Corporate Governance
                                                                                                                                             Tata Kelola Perusahaan
dan ekonomi dengan terus memastikan penerapan prinsip-          application of sound Corporate Governance principles.
prinsip Governansi Korporat dengan baik.

Dalam upaya menjaga kelestarian lingkungan, Perseroan           In an effort to uphold environmental sustainability, the Company
telah mengimplementasikan serangkaian inisiatif strategis,      has implemented a series of strategic initiatives, including
termasuk penggunaan bahan pembersih bersertifikasi ramah        the utilization of certified eco-friendly and safe cleaning
lingkungan yang aman, serta pengadaan peralatan kebersihan      materials, as well as the procurement of cleaning equipment
yang dirancang untuk efisiensi penggunaan air dan energi.       designed for efficient water and energy consumption.                                      6
Selain itu, Perseroan telah menerapkan kebijakan penggunaan     Furthermore, the Company has adopted an environmentally                      Sustainability Report
                                                                                                                                             Laporan Keberlanjutan
kertas yang eco-friendly dalam proses operasional dan           conscious paper usage policy within its operational processes
melakukan penggantian kendaraan operasional dengan              and has transitioned its operational vehicle fleet to units with
unit yang memiliki tingkat emisi CO2 rendah.                    low CO2 emission levels.

Sementara pada aspek sosial, Perseroan menjamin                 Meanwhile, in the social aspect, the Company guarantees
kesejahteraan pekerja dengan memberikan kondisi kerja           the welfare of workers by providing safe, fair, and healthy
yang aman, adil, dan sehat, memperhatikan keberagaman,          working conditions, paying attention to diversity, inclusion,
inklusi, dan keseimbangan gender di tempat kerja untuk          and gender balance in the workplace to create a fair and                                    7
                                                                                                                                             Financial Report
                                                                                                                                             Laporan Keuangan




menciptakan lingkungan yang adil dan setara. Kami juga          equal environment. We also make positive contributions to
berkontribusi positif kepada masyarakat sekitar melalui         the surrounding communities through social partnership
program-program kemitraan sosial, terutama dalam hal            programs, particularly in the area of natural disaster relief.
penanggulangan bencana alam.

Dalam konteks tata kelola, kami menerapkan prinsip-prinsip      In the governance aspect, we implement transparent and
Governansi Korporat yang transparan dan akuntabel dalam         accountable Corporate Governance principles in the
pengelolaan perusahaan, memastikan Perseroan mematuhi           management of the company, ensuring that the Company
peraturan perundang-undangan yang berlaku sembari               complies with applicable laws and regulations while keeping


                                                                COMBINED REPORT • PT SHIELD ON SERVICES Tbk                   29
Page 30
mengikuti perkembangan regulasi terbaru, juga membangun           up with the latest regulatory developments, as well as building
hubungan baik dengan seluruh pemangku kepentingan.                good relations with all stakeholders.

Dengan komitmen yang kuat terhadap aspek Lingkungan,              With a strong commitment to Environmental, Social, and
Sosial, dan Tata Kelola (ESG), Perseroan terus mengupayakan       Governance (ESG) aspects, the Company continues to strive
manfaat positif bagi masyarakat, lingkungan, dan para             for positive benefits for the community, the environment, and
pemangku kepentingan, sekaligus menjaga kinerja bisnis            stakeholders, while maintaining sustainable business
yang berkelanjutan. Perseroan menyadari bahwa                     performance. The Company realizes that its operations not
operasionalnya tidak hanya memberikan nilai ekonomi,              only provide economic value, but must also make a positive
tetapi juga harus memberikan kontribusi positif bagi lingkungan   contribution to the environment and society as a whole. This
dan masyarakat secara keseluruhan. Hal ini sejalan dengan         is in line with the Company's goal to become a responsible
tujuan Perseroan untuk menjadi perusahaan yang bertanggung        and sustainable company in all aspects of its business.
jawab dan berkelanjutan dalam seluruh aspek bisnis.

TANTANGAN YANG DIHADAPI                                           CHALLENGES FACED
Seiring dengan dinamika perkembangan pasar, permintaan            In response to the dynamic market evolution, client demand
pelanggan mengalami peningkatan yang signifikan, terutama         has experienced a significant increase, particularly within the
dalam konteks digitalisasi yang semakin dominan. Oleh             context of escalating digitalization. Consequently, the Company
karena itu, Perseroan menghadapi tantangan untuk                  faces the challenge of accelerating its digital transformation.
mempercepat transformasi digital. Proses pengembangan             The digitalization development process necessitates
digitalisasi memerlukan perencanaan dan implementasi              comprehensive planning and implementation, which cannot
yang komprehensif, tidak dapat dicapai dalam waktu singkat.       be achieved within a short timeframe. Although digitalization
Meskipun upaya digitalisasi telah dimulai sejak dua tahun         efforts commenced two years ago, the acceleration of its
lalu, percepatan implementasinya memerlukan waktu.                implementation requires sustained time investment. Similarly,
Demikian pula, perkembangan teknologi informasi (TI) terus        information technology (IT) advancements continue to
mengalami peningkatan dari tahun ke tahun.                        accelerate year-on-year.

Untuk memenuhi kebutuhan pelanggan, baik dalam aspek              To effectively address client needs, both in sales and business
penjualan maupun proses bisnis, Perseroan perlu mengadopsi        process domains, the Company must adopt relevant strategic
strategi yang relevan. Hal ini mencakup evaluasi terhadap         frameworks. This involves a rigorous evaluation of
metode dan praktik yang telah diterapkan sejak pendirian          methodologies and practices implemented since the Company's
Perseroan. Proses ini memerlukan analisis mendalam dan            inception. This process demands in-depth analysis and
implementasi yang cermat. Direksi telah melakukan peninjauan      meticulous execution. The Board of Directors has conducted
terhadap standar internal, validasi isi kontrak dengan            a thorough review of internal standards, validated client
pelanggan, dan evaluasi terhadap kinerja karyawan.                contractual agreements, and evaluated employee performance.

Di Indonesia, industri penyedia jasa alih daya mengalami          In Indonesia, the outsourcing services industry is experiencing
pertumbuhan yang pesat, dengan munculnya berbagai                 rapid expansion, characterized by the emergence of numerous
perusahaan yang menawarkan layanan serupa. Tingkat                companies offering comparable services. Competitive intensity
persaingan di antara perusahaan alih daya semakin meningkat.      amongst outsourcing service providers is on the rise. However,
Namun, dengan pemahaman yang mendalam terhadap tren               with a profound understanding of market trends and the
pasar dan keunggulan kompetitif yang dimiliki, Perseroan          Company's inherent competitive advantages, the Company
yakin mampu memberikan layanan terbaik dan tetap                  is confident in its ability to deliver superior services and
kompetitif.                                                       maintain a competitive edge.

GAMBARAN TENTANG PROSPEK                                          OVERVIEW OF BUSINESS
USAHA                                                             PROSPECTS
Perseroan memiliki kapabilitas untuk secara akurat memahami       The Company possesses the capability to accurately discern
kebutuhan pasar Indonesia dan menjalankan operasi bisnis          the needs of the Indonesian market and execute business
secara efektif. Dengan proyeksi pertumbuhan Produk                operations effectively. With a projected stable Gross Domestic
Domestik Bruto (PDB) yang stabil di kisaran 5% untuk tahun        Product (GDP) growth of approximately 5% for the year 2025,
2025, Indonesia diprediksi akan tetap menjadi kekuatan            Indonesia is anticipated to remain a significant economic


30   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 31
                                                                                                                                                                  1




                                                                                                                                                 Financial Summary
                                                                                                                                                 Ikhtisar Keuangan
ekonomi yang signifikan, bahkan di tengah perubahan               powerhouse, even amidst national leadership transitions.
kepemimpinan nasional.

Sejalan dengan pertumbuhan ekonomi Indonesia, Perseroan           In alignment with Indonesia's economic expansion, the
                                                                                                                                                               2
memproyeksikan peningkatan berkelanjutan dalam permintaan         Company projects a sustained increase in domestic outsourcing




                                                                                                                                                 Management Report
                                                                                                                                                 Laporan Manajemen
layanan alih daya domestik, baik dalam jangka pendek,             service demand across short, medium, and long-term horizons.
menengah, maupun panjang. Perseroan berkomitmen untuk             The Company is committed to continuous growth by adapting
terus berkembang dengan menyesuaikan strategi operasional         operational strategies to evolving market dynamics. In the
terhadap dinamika kebutuhan pasar. Pada tahun mendatang,          upcoming year, the Company's focus will shift from investments
fokus Perseroan akan beralih dari investasi di bidang Teknologi   in Information and Communication Technology (ICT) and
Informasi dan Komunikasi (TIK) serta Teknologi Informasi          Information Technology (IT) to enhancing operational efficiency,
(TI) menuju peningkatan efisiensi operasional, baik internal      both internally and externally.                                                              3




                                                                                                                                                 Company Profile
                                                                                                                                                 Profil Perusahaan
maupun eksternal.

Perseroan optimis bahwa pertumbuhan berkelanjutan dapat           The Company is optimistic that sustainable growth is attainable,
dicapai, bahkan dalam kondisi ekonomi yang menantang.             even within challenging economic conditions. Indonesia's
Pertumbuhan ekonomi Indonesia yang positif pada tahun             positive economic performance in 2024, coupled with optimistic
2024 dan proyeksi pertumbuhan yang optimistis untuk tahun         growth projections for 2025, presents significant market
2025 membuka peluang pasar yang signifikan di industri            opportunities within the outsourcing service industry. To                                   4
penyedia jasa alih daya. Untuk memanfaatkan peluang ini,          capitalize on these opportunities, the Board of Directors and




                                                                                                                                       Discussion and Analysis
                                                                                                                                       Management
                                                                                                                                       Pembahasan Manajemen
                                                                                                                                       Analisis dan
Direksi dan tim manajemen secara aktif melakukan identifikasi     management team are actively engaged in identifying
calon pelanggan dan analisis potensi pasar. Langkah-langkah       prospective clients and conducting thorough market potential
ini bertujuan untuk memperkuat posisi Perseroan di pasar          analyses. These initiatives are aimed at strengthening the
dan mencapai pertumbuhan yang berkelanjutan.                      Company's market position and achieving sustainable growth.

PENERAPAN TATA KELOLA                                             IMPLEMENTATION OF
PERUSAHAAN                                                        CORPORATE GOVERNANCE                                                                        5




                                                                                                                                                 Corporate Governance
                                                                                                                                                 Tata Kelola Perusahaan
Perseroan menegaskan komitmennya terhadap implementasi            The Company reaffirms its commitment to the implementation
prinsip-prinsip Tata Kelola Perusahaan yang Baik, dengan          of sound Corporate Governance principles, with the aim of
tujuan memperkuat kepercayaan dan meningkatkan nilai              bolstering trust and enhancing value for shareholders and
bagi pemegang saham serta seluruh pemangku kepentingan.           all stakeholders. The Company ensures compliance with
Perseroan memastikan kepatuhan terhadap regulasi yang             applicable regulations, both nationally and internationally, as
berlaku, baik di tingkat nasional maupun internasional, serta     well as the adherence to Corporate Governance and
penerapan prinsip-prinsip Tata Kelola Perusahaan dan              sustainability principles.                                                                  6
keberlanjutan.                                                                                                                                   Sustainability Report
                                                                                                                                                 Laporan Keberlanjutan



Organ Tata Kelola Perusahaan Perseroan secara berkelanjutan       The Corporate Governance bodies of the Company consistently
mengawasi dan memastikan penerapan prinsip-prinsip                oversee and ensure the application of transparency,
transparansi, akuntabilitas, tanggung jawab, independensi,        accountability, responsibility, independence, and fairness
serta keadilan dan kesetaraan di seluruh tingkatan organisasi.    and equality principles across all organizational levels. Every
Setiap insan Perseroan diharapkan dapat melaksanakan              employee of the Company is expected to execute their duties
tugas dan tanggung jawabnya dengan standar integritas             and responsibilities with high standards of integrity and quality.
dan kualitas yang tinggi.                                                                                                                                       7
                                                                                                                                                 Financial Report
                                                                                                                                                 Laporan Keuangan




Implementasi prinsip-prinsip Tata Kelola Perusahaan yang          The consistent implementation of sound Corporate Governance
Baik secara konsisten telah menghasilkan dampak positif           principles has yielded positive impacts for the Company.
bagi Perseroan. Sepanjang tahun 2024, Perseroan tidak             Throughout 2024, the Company did not receive any reprimands
menerima teguran atau sanksi dari regulator terkait               or sanctions from regulators concerning regulatory violations
pelanggaran peraturan dalam kegiatan bisnis maupun etika          in business activities or ethical breaches. This reflects the
usaha. Hal ini mencerminkan komitmen Perseroan dalam              Company's commitment to upholding Corporate Governance
menjalankan Tata Kelola Perusahaan dan praktik bisnis yang        and ethical business practices.
beretika.


                                                                  COMBINED REPORT • PT SHIELD ON SERVICES Tbk                     31
Page 32
Pada tahun 2024, Perseroan telah mengintegrasikan prinsip-     In 2024, the Company has integrated governance principles
prinsip tata kelola ke dalam budaya kerja dan proses           into its work culture and operational processes, not merely
operasional, bukan hanya sebagai pemenuhan regulasi,           as regulatory compliance, but as a strategic business imperative.
tetapi juga sebagai kebutuhan bisnis strategis. Implementasi   This implementation involves all organizational levels, from
ini melibatkan seluruh tingkatan organisasi, dari manajemen    top management to operational staff, particularly through the
puncak hingga karyawan di tingkat operasional, terutama        revision of regulations that are of primary concern to major
melalui revisi regulasi yang menjadi perhatian utama           shareholders.
pemegang saham.

Secara keseluruhan, penerapan Tata Kelola Perusahaan di        Overall, the Company's Corporate Governance implementation
Perseroan sepanjang tahun 2024 telah mematuhi seluruh          throughout 2024 has adhered to all applicable provisions,
ketentuan yang berlaku, dengan tidak adanya laporan            with no reported operational deviations. The whistleblowing
penyimpangan dalam operasional. Sistem pelaporan               system also functioned optimally. The Company's internal
pelanggaran (whistleblowing system) juga berjalan optimal.     compliance throughout 2024 met expectations and proved
Kepatuhan internal Perseroan sepanjang tahun 2024 telah        reliable in maintaining the Company's integrity and credibility.
memenuhi ekspektasi dan terbukti andal dalam menjaga
integritas dan kredibilitas Perseroan.

PERUBAHAN KOMPOSISI DIREKSI                                    CHANGES IN THE COMPOSITION
                                                               OF THE BOARD OF DIRECTORS
Direksi tidak mengalami perubahan komposisi selama tahun       The Board of Directors did not experience any changes in
2024, yang berkontribusi pada stabilnya pengambilan            composition during 2024, which contributed to the stability
keputusan strategis serta konsistensi pengelolaan risiko       of strategic decision-making and the consistency of risk
dalam perjalanan operasional Perseroan.                        management in the Company's operational journey.




32   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 33
                                                                                                                                                               1




                                                                                                                                              Financial Summary
                                                                                                                                              Ikhtisar Keuangan
APRESIASI KAMI                                                 OUR APPRECIATION
Perseroan bersyukur dapat melalui tahun 2024 dengan baik       The Company is grateful to have navigated through 2024
di tengah berbagai tantangan yang jauh dari kata mudah.        well amidst various challenges that were far from easy. The
Pencapaian di tahun buku ini merupakan hasil dedikasi,         achievements in this fiscal year are the result of the dedication,
                                                                                                                                                            2
kerja cerdas, dan kerja keras jajaran manajemen dan setiap     intelligent work, and hard work of the management and every




                                                                                                                                              Management Report
                                                                                                                                              Laporan Manajemen
insan Perseroan. Untuk itu, Direksi menyampaikan apresiasi     member of the Company. For this, the Board of Directors
setinggi-tingginya atas kinerja baik yang telah ditorehkan     expresses its highest appreciation for the good performance
oleh semua pihak.                                              that has been achieved by all parties.

Kami juga berterima kasih atas dukungan dari para pemangku     We are also grateful for the support from stakeholders who
kepentingan yang telah bermitra dan bekerja sama dengan        have partnered and cooperated with the Company. We realize
Perseroan. Kami menyadari, tanpa dukungan seluruh              that without the support of all stakeholders, the extraordinary                              3




                                                                                                                                              Company Profile
                                                                                                                                              Profil Perusahaan
pemangku kepentingan, prestasi-prestasi yang luar biasa        achievements in 2024 could not have been achieved.
di tahun 2024 tidak dapat dicapai.

Dengan rendah hati kami mengajak kita semua menatap            With humility, we invite all of us to look to the future with
masa depan dengan penuh optimisme dan bersama-sama             optimism and together build ourselves, our professional and
membangun diri, lingkungan profesional dan lingkungan          social environment, and even further, the Indonesian nation,
sosial, serta lebih jauh lagi, bangsa Indonesia, dalam upaya   in an effort to achieve our shared vision for better progress                               4
meraih visi bersama demi kemajuan dan keberlanjutan yang       and sustainability.




                                                                                                                                    Discussion and Analysis
                                                                                                                                    Management
                                                                                                                                    Pembahasan Manajemen
                                                                                                                                    Analisis dan
lebih baik.




                                                  Atas nama Direksi,
                                           On behalf of the Board of Directors,

                                                                                                                                                           5




                                                                                                                                              Corporate Governance
                                                                                                                                              Tata Kelola Perusahaan
                                                     Hiroshi Iwai
                                                     Direktur Utama
                                                    President Director

                                                                                                                                                           6
                                                                                                                                              Sustainability Report
                                                                                                                                              Laporan Keberlanjutan




                                                                                                                                                             7
                                                                                                                                              Financial Report
                                                                                                                                              Laporan Keuangan




                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                     33
Page 34
     Surat Pernyataan Dewan Komisaris Tentang
 Tanggung Jawab Atas Laporan Tahunan dan Laporan
    Keberlanjutan 2024 PT Shield On Service Tbk. •
     Statement from the Board of Commissioners Concerning
 Responsibility for the 2024 Annual Report and Sustainability Report
                      of PT Shield On Service Tbk.



Kami yang bertanda tangan di bawah ini menyatakan bahwa    We, who undersigned, hereby state that all information in
semua informasi dalam Laporan Tahunan PT Shield On         the 2024 Annual Report of PT Shield On Service Tbk. has
Service Tbk. tahun 2024 telah dimuat secara lengkap dan    been fully published and we are fully responsible for the
bertanggung jawab penuh atas kebenaran isi Laporan         accuracy of the company’s Annual Report. This statement
Tahunan Perseroan. Demikian pernyataan ini dibuat dengan   was properly made.
sebenarnya.


                                               Jakarta, 14 April 2025
                                               Jakarta, April 14, 2025




                                               Dewan Komisaris
                                             Board of Commissioners




               MOTOHISA SUZUKI                                                 MAYA OSAKI
                   Komisaris Utama                                               Komisaris
                President Commissioner                                          Commissioner




            SUPRATMAN GUNAWAN                                                AZUSA MIHARA
                Komisaris Independen                                        Komisaris Independen
              Independent Commissioner                                    Independent Commissioner




34   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 35
  Surat Pernyataan Direksi Tentang Tanggung Jawab
  Atas Laporan Tahunan dan Laporan Keberlanjutan                                                                                                  1

           2024 PT Shield On Service Tbk. •




                                                                                                                                 Financial Summary
                                                                                                                                 Ikhtisar Keuangan
  Statement from the Board of Directors Concerning Responsibility
  for the 2024 Annual Report and Sustainability Report of PT Shield
                          On Service Tbk.
                                                                                                                                               2




                                                                                                                                 Management Report
                                                                                                                                 Laporan Manajemen
Kami yang bertanda tangan di bawah ini menyatakan bahwa    We, who undersigned, hereby state that all information in
semua informasi dalam Laporan Tahunan PT Shield On         the 2024 Annual Report of PT Shield On Service Tbk. has
Service Tbk. tahun 2024 telah dimuat secara lengkap dan    been fully published and we are fully responsible for the
bertanggung jawab penuh atas kebenaran isi Laporan         accuracy of the company’s Annual Report. This statement
Tahunan Perseroan. Demikian pernyataan ini dibuat dengan   was properly made.                                                                  3




                                                                                                                                 Company Profile
                                                                                                                                 Profil Perusahaan
sebenarnya.


                                               Jakarta, 14 April 2025
                                               Jakarta, April 14, 2025

                                                                                                                                              4




                                                                                                                       Discussion and Analysis
                                                                                                                       Management
                                                                                                                       Pembahasan Manajemen
                                                                                                                       Analisis dan
                                                     Direksi
                                                Board of Directors




                                                                                                                                              5




                                                                                                                                 Corporate Governance
                                                                                                                                 Tata Kelola Perusahaan
                   HIROSHI IWAI                                            AKIRA KAWAMURA
                    Direksi Utama                                                  Direksi
                   President Director                                              Director



                                                                                                                                              6
                                                                                                                                 Sustainability Report
                                                                                                                                 Laporan Keberlanjutan




                 DJONO KARJADI                                              RYOJI HAMASAKI
                        Direksi                                                    Direksi
                        Director                                                   Director
                                                                                                                                                7
                                                                                                                                 Financial Report
                                                                                                                                 Laporan Keuangan




                                                           COMBINED REPORT • PT SHIELD ON SERVICES Tbk            35
Page 36
36   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 37
COMBINED REPORT • PT SHIELD ON SERVICES Tbk   37
Page 38
IDENTITAS PERUSAHAAN • Company Identity




       Nama Perusahaan                                           Kepemilikan Saham
       Company Name                                              Share Ownership
       PT Shield On Service Tbk.                                 • PT ALSOK BASS Indonesia Security Services
                                                                      – 79,33%
       Nama Panggilan
                                                                 • PT Puragraha Dianpertiwi – 12,51%
       Nickname
                                                                 • PT Inlife – 5%
       SOS                                                       • Masyarakat | Public – 3,16%
       Perubahan Nama Perusahaan                                 Pencatatatan di Bursa Efek Indonesia
       Change on Company’s Name                                  Listed in Indonesian Stock Exchange
       Tidak pernah                                              6 November 2018
       Never                                                     November 6, 2018
       Bidang Usaha                                              Kode Saham
       Line of Business                                          Ticker Code
       Penyedia Jasa Alih Daya                                   SOSS
       Outsourcing Services
                                                                 Jumlah Karyawan
       Tanggal Pendirian                                         Number of Employees
       Date of Establishment
                                                                 24.710 per 31 Desember 2024
       5 Agustus 2004
       August 5, 2004                                            Kantor Pusat
                                                                 Head Office
       Dasar Hukum Pendirian
       Legal Basis of Etablishment                               Graha Dinamika, Lantai 3
                                                                 Graha Dinamika, 3rd Floor
       Akta Notaris Veronica Lily Dharma, S.H., No. 6 tanggal    Jl. Tanah Abang II No. 49-51 Jakarta Pusat 10160,
       5 Agustus 2004 dan telah disahkan oleh Keputusan          Indonesia
       Menteri Kehakiman Republik Indonesia melalui Surat
       Keputusan No. C-30035.HT.01.01.TH.2004 tanggal 13         Telepon
       Desember 2004.                                            Phone
       Notarial Deed by Veronica Lily Dharma, S.H., No. 6        (021) 350 5915
       dated August 5, 2004, has been ratified by the Minister   E-mail
       of Justice of the Republic of Indonesia through
                                                                 Corporate.secretary@sos.co.id
       Ministerial Decree No. C-30035.HT.01.01.TH.2004
       dated December 13, 2004.                                  Situs Web
       Modal Dasar                                               Website
       Authorized Capital                                        www.sos.co.id
       Rp200.000.000.000                                         Media Sosial
       Modal Ditempatkan                                         Social Media
       Issued Capital                                            Instagram : sosindonesia.id
       Rp79.941.423.100                                          YouTube : PT Shield On Service Tbk.




38   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 39
SEKILAS SOS • SOS at a Glance
                                                                                                                                                           1




                                                                                                                                          Financial Summary
                                                                                                                                          Ikhtisar Keuangan
                                                                                                                                                        2




                                                                                                                                          Management Report
                                                                                                                                          Laporan Manajemen
                                                                                                                                                        3




                                                                                                                                          Company Profile
                                                                                                                                          Profil Perusahaan
                                                                                                                                                       4




                                                                                                                                Discussion and Analysis
                                                                                                                                Management
                                                                                                                                Pembahasan Manajemen
                                                                                                                                Analisis dan
PT Shield On Service Tbk. atau biasa disebut SOS didirikan     PT Shield On Service Tbk., commonly known as SOS, was
pada tanggal 5 Agustus 2004 dengan akta pendirian No. 6        established on August 5, 2004, based on Deed of Establishment
notaris Henny Kurnia Tjahja, S.H., Notaris di Jakarta Pusat.   No. 6 issued by Notary Public Henny Kurnia Tjahja, S.H., in
Akta pendirian dimaksud telah disahkan oleh Menteri Hukum      Central Jakarta. The Deed of Establishment has been legalized
dan Hak Asasi Manusia berdasarkan Surat Keputusan No.          by the Minister of Law and Human Rights based on Decree                                 5




                                                                                                                                          Corporate Governance
                                                                                                                                          Tata Kelola Perusahaan
C-30035 HT.01.01.TH.2004 tanggal 13 Desember 2004 dan          No. C-30035 HT.01.01.TH.2004 dated December 13, 2004
didaftarkan dalam Daftar Perusahaan di Kantor Pendaftaran      and registered in the Company Register at the Central Jakarta
Perusahaan Kodya Jakarta Pusat No. 95 tanggal 17 Januari       District Court Registrar's Office on January 17, 2005, and
2005 serta diumumkan dalam Berita Negara Republik              announced in the State Gazette of the Republic of Indonesia
Indonesia No. 38, Tambahan Berita Negara No. 4744 tanggal      No. 38, Supplement to the State Gazette No. 4744 dated
13 Mei 2005.                                                   May 13, 2005.

Sebuah Grup Perusahaan terkemuka, Perseroan menawarkan         As a leading group of companies, the Company offers                                     6
solusi terintegrasi untuk kebutuhan manajemen fasilitas.       integrated solutions for facility management services. With                Sustainability Report
                                                                                                                                          Laporan Keberlanjutan
Dengan portofolio layanan yang lengkap, mulai dari keamanan,   comprehensive portfolio of services, ranging from security,
kebersihan, pengelolaan sumber daya manusia hingga             cleaning, human resources management to parking
manajemen parkir, Perseroan senantiasa berupaya                management, the Company is always committed to providing
menegakkan komitmen memberikan layanan terbaik sebagai         the best services as a One Stop Solution.
One Stop Solution.

Di awal berdiri, SOS menyediakan jasa keamananan. Pada         When it was first established, SOS provided security services.
tahun 2009, kami melakukan ekspansi dengan mendirikan          In 2009, we expanded by establishing four companies                                       7
                                                                                                                                          Financial Report
                                                                                                                                          Laporan Keuangan




4 Perusahaan sekaligus yaitu SOS Indonesia (SIN), Human        simultaneously: SOS Indonesia (SIN), Human Resources
Resources Solution (HRS), Safe Secured Solution (SSS) Jasa     Solution (HRS), Safe Secured Solution (SSS) for professional
Tenaga Profesional dan Jasa Manajemen Parkir (MPI). Sejak      services, and Parking Management Services (MPI). Since
saat itu SOS banyak mendapatkan penghargaan dan sertifikasi    then, SOS has received numerous awards and certifications
atas kualitas jasa yang diberikan antara lain ISO 14001:2015   for its quality services, including ISO 14001:2015 for
untuk sertifikasi Environment Management System; ISO           Environmental Management System, ISO 9001:2015 for Quality
9001- 2015 untuk sertifikasi Quality Management System         Management System, and ISO 45001:2018 for Occupational
dan ISO 45001-2018 untuk sertifikasi Occupational Health       Health and Safety Management System.
and Safety Management System.


                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                 39
Page 40
 Pada tanggal 6 November 2018, Perseroan melakukan aksi          On November 6, 2018, the Company conducted its Initial
 pelepasan saham perdana (Initial Public Offering/ IPO) di       Public Offering (IPO) on the Indonesia Stock Exchange and
 Bursa Efek Indonesia dan mencatatkan diri sebagai perusahaan    became the first outsourcing company in Indonesia to be
 alih daya (outsourcing) pertama di Indonesia yang mencatatkan   listed on the IDX.
 sahamnya di BEI.

 SOS senantiasa meningkatkan keunggulan kompetitif               SOS continuously strives to enhance its competitive advantage
 perusahaan, antara lain, dengan menyediakan pusat pelatihan     by providing a training center called SOS Academy since
 yang disebut SOS Academy sejak tahun 2019. SOS Academy          2019. SOS Academy is a place to develop professional and
 merupakan tempat menempa tenaga kerja profesional dan           qualified workforce by applying training models from renowned
 berkualitas dengan mengaplikasikan model–model pelatihan        consultants. In the following year, the Company further
 dari konsultan–konsultan ternama. Di tahun berikutnya,          improved its service quality through the implementation of
 Perseroan kembali meningkatkan kualitas pelayanan melalui       modern technology by launching the "SOS Smart Clean"
 penerapan teknologi modern dengan meluncurkan aplikasi          application, aimed at retail customers of general cleaning
 “SOS Smart Clean” yang ditujukan bagi pelanggan ritel jasa      and special cleaning services at an affordable cost, with the
 general cleaning dan special cleaning dengan biaya terjangkau   goal of providing more optimal and faster services.
 yang bertujuan agar layanan yang dilakukan akan semakin
 optimal dan lebih cepat.

 Pada tahun 2023, PT Shield On Service Tbk diakuisisi oleh       In 2023, PT Shield On Service Tbk was acquired by PT ALSOK
 PT ALSOK BASS Indonesia Security Services melalui               BASS Indonesia Security Services through the purchase of
 pembelian saham sejumlah 340.000.000 lembar saham               340,000,000 shares, making PT ALSOK BASS Indonesia
 dan menjadikan PT ALSOK BASS Indonesia Security Services        Security Services the majority shareholder with a 51.21% stake.
 sebagai Pemegang Saham Utama dengan kepemilikan
 saham sebesar 51,21%.

 Hingga akhir tahun 2024 Perseroan telah memiliki 14 (empat      As of the end of 2024, the Company had 14 operational
 belas) kantor operasional dengan tenaga kerja lebih dari        offices with a workforce of over 24,000 employees, making
 24 ribu pegawai, menjadikan PT Shield On Service Tbk.           PT Shield On Service Tbk. one of the largest outsourcing
 sebagai salah satu perusahaan outsourcing terbesar dan          companies in Indonesia and a significant contributor to
 menjadi bagian penting dalam memenuhi kebutuhan ribuan          meeting the needs of thousands of customers across the
 pelanggan di Indonesia.                                         country.




40    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 41
    Ikhtisar Keuangan       Laporan Manajemen       Profil Perusahaan       Analisis dan                  Tata Kelola Perusahaan       Laporan Keberlanjutan       Laporan Keuangan
1




                        2




                                                3




                                                                        4




                                                                                                      5




                                                                                                                                   6




                                                                                                                                                               7
    Financial Summary       Management Report       Company Profile         Pembahasan Manajemen          Corporate Governance         Sustainability Report       Financial Report
                                                                            Management
                                                                            Discussion and Analysis




                                                                                                                                                                                      41
                                                                                                                                                                                      COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 42
JEJAK LANGKAH • Milestones


                                                              2016
                                                              Sertikasi ISO 9001, 14001 & OHSAS 18001 Predikat
                                                              Perusahaan Terbaik Survey Corporate Image (Koran
                                                              Tempo, 8 Juni 2016).
                                                              Received ISO 9001, 14001 & OHSAS 18001 certifications,
 2011                                                         earning the title of Best Company in the Corporate Image
                                                              Survey (Koran Tempo, June 8, 2016).
 Perseroan mendapatkan banyak apresiasi dan klien atas
 kualitas pekerjaan (Mercure, Nestle, Garuda Food, dll).
 The Company received numerous accolades and clients’
 appreciation for the quality of its work (such as Mercure,
 Nestle, Garuda Food, etc.).




 2004
 PT Shield On Service berdiri sebagai
 penyedia jasa kemanan.
 PT Shield On Service was established
 as a security service provider.




                                                                          2009
                                                                          Perseroan melakukan ekspansi dengan
                                                                          mendirikan 5 Perusahaan sekaligus yaitu
                                                                          SOS Indonesia (SIN), Human Resources
                                                                          Solution (HRS), Safe Secured Solution (SSS),
2007                                                                      Human Resources Provider (HRP) dan Jasa
                                                                          Manajemen Parkir (MPI).
Berdirinya The Service Line (TSL) Penyedia Jasa
                                                                          The Company expanded by establishing 5
Kebersihan dan Professional Human Resources (PHR)
                                                                          subsidiaries simultaneously: SOS Indonesia
Penyedia Jasa Tenaga Profesional/Sumber Daya Manusia.
                                                                          (SIN), Human Resources Solution (HRS), Safe
Establishment of The Service Line (TSL) as a provider of
                                                                          Secured Solution (SSS), Human Resources
cleaning services and Professional Human Resources
                                                                          Provider (HRP) and Parking Management
(PHR) as a provider of professional labor/human resources
                                                                          Services (MPI).
services.




42   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 43
                                                         2023
                                                         PT ALSOK BASS Indonesia Security Services
                                                         sejak tanggal 15 Agustus 2023 efektif menjadi                                   1
                                                         pemegang saham pengendali PT Shield On




                                                                                                                        Financial Summary
                                                                                                                        Ikhtisar Keuangan
                                                         Service Tbk.
                                                         PT ALSOK BASS Indonesia Security Services
                                                         became the controlling shareholder of PT
                                                         Shield On Service Tbk. effective August 15,
                                                         2023.


                                                                                                                                      2




                                                                                                                        Management Report
                                                                                                                        Laporan Manajemen
                                                                                                                                      3




                                                                                                                        Company Profile
                                                                                                                        Profil Perusahaan
                                                                                                                                     4




                                                                                                              Discussion and Analysis
                                                                                                              Management
                                                                                                              Pembahasan Manajemen
                                                                                                              Analisis dan
                                                 2020
                                                 Peluncuran aplikasi “Smart Clean” yang ramah
                                                 pengguna. Aplikasi jasa general cleaning dan
                                                 special cleaning dengan biaya terjangkau ini
                                                 ditujukan untuk pelanggan ritel.
                                                 Launched the “Smart Clean”, an user-friendly                                        5
                                                 application and aimed at retail customers,




                                                                                                                        Corporate Governance
                                                                                                                        Tata Kelola Perusahaan
                                                 offering affordable general and special
                                                 cleaning services.




                                                 2019                                                                                6
                                                                                                                        Sustainability Report
                                                                                                                        Laporan Keberlanjutan
                                                 Perseroan mulai mengembangkan lini usaha
                                                 SOS Academy serta membuka 3 kantor
                                                 operasional baru di Palembang, Makassar, dan
                                                 Manado.
                                                 The Company started developing the SOS
2018                                             Academy business line and opened three new
                                                 operational offices in Palembang, Makassar,
Go Public dengan aksi pelepasan saham            and Manado.
perdana (Initial Public Offering/ IPO) di
Bursa Efek Indonesia (BEI) pada tanggal 6                                                                                              7
November 2018 dengan harga Rp275 per
                                                                                                                        Financial Report
                                                                                                                        Laporan Keuangan




saham. Aksi IPO tersebut membuat PT Shield
On Service Tbk. menjadi perusahaan alih
daya (outsourcing) pertama di Indonesia yang
mencatatkan sahamnya di BEI.
Went public through an Initial Public Offering
(IPO) on the Indonesia Stock Exchange (IDX)
on November 6, 2018, at a price of Rp275
per share. This IPO made PT Shield On
Service Tbk. the first outsourcing company in
Indonesia to list its shares on the IDX.


                                                  COMBINED REPORT • PT SHIELD ON SERVICES Tbk            43
Page 44
VISI, MISI, DAN NILAI-NILAI PERUSAHAAN [C.1] •
Corporate Vision, Mission, and Values



Visi |                                   Menjadi perusahaan penyedia jasa

Vision                                   tenaga kerja yang terintegrasi dan
                                         terkemuka di Indonesia dengan
                                         mengutamakan kualitas pengembangan
                                         sumber daya manusia yang andal.
                                         To be the leading and integrated professional
                                         outsourcing company in Indonesia prioritizing on
                                         the quality of reliable human resources
                                         development.




                                                                                          Misi |
                                                                                         Mission
                                 Memberikan layanan penyedia jasa
                                 tenaga kerja yang berkualitas serta
                                 terintegrasi kepada pelanggan, sehingga
                                 pelanggan dapat lebih fokus pada
                                 usahanya.
                                 To deliver excellent and integrated professional
                                 outsourcing to our clients, so that they can put more
                                 focus on running their business.




Review terhadap Visi dan Misi Perusahaan                   Review of Corporate Vision and Mission
Hingga akhir tahun 2024, Manajemen telah meninjau visi     As of the end of 2024, the Management has reviewed the
dan misi Perseroan dan menganggap visi dan misi saat ini   Company’s vision and mission and concluded that the current
masih sesuai dengan kondisi Perseroan.                     vision and mission are still aligned with the Company’s current
                                                           condition.




44   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 45
                                                                                                                                       1




                                                                                                                      Financial Summary
                                                                                                                      Ikhtisar Keuangan
NILAI-NILAI PERUSAHAAN
CORPORATE VALUES

                                                                                                                                    2




              S          M                    I               L                 E




                                                                                                                      Management Report
                                                                                                                      Laporan Manajemen
                                                                                                                                    3




                                                                                                                      Company Profile
                                                                                                                      Profil Perusahaan
         S
                  Satisfaction
                  Kepuasan menjadi tujuan utama kami dalam bekerja sama dengan mitra.
                  Client satisfaction is our main goal in collaborating with our partners.



                                                                                                                                   4




                                                                                                            Discussion and Analysis
                                                                                                            Management
                                                                                                            Pembahasan Manajemen
                                                                                                            Analisis dan
         M
                  Mass
                  Dengan puluhan ribu tenaga kerja yang tersebar di seluruh Indonesia, kami siap
                  melayani kebutuhan mitra dengan cepat dan tanggap.
                  Our well-dispersed manpower across Indonesia enables us to serve the needs of
                  our partners quickly and responsively.



                                                                                                                                   5



          I
                  Initiative




                                                                                                                      Corporate Governance
                                                                                                                      Tata Kelola Perusahaan
                  Kami selalu melatih setiap tenaga kerja untuk memiliki jiwa mandiri, aktif, dan
                  berinisiatif dalam menyelesaikan semua tugas yang diberikan.
                  We continuously train our employees to be independent, active, and initiative in
                  accomplishing all the assigned tasks.




         L
                  Loving                                                                                                           6
                  Mencintai pekerjaan dan bekerja dengan sepenuh hati menjadi motivasi para                           Sustainability Report
                  tenaga kerja.                                                                                       Laporan Keberlanjutan

                  Our employees are motivated by their love for the work and to work wholeheartedly.




          I
                  Equipped
                  Setiap pekerja telah melewati berbagai tahap pelatihan yang teruji, sehingga
                  memiliki sikap dan mental positif dan terampil dalam menjalankan tugas.                                            7
                  Each of our employees has passed reliable training stages that shape them to have
                                                                                                                      Financial Report
                                                                                                                      Laporan Keuangan




                  positive attitude and mentality as well as skillful in carrying out their duties.




                                            COMBINED REPORT • PT SHIELD ON SERVICES Tbk                45
Page 46
BIDANG USAHA [C.4] • Line of Business

Sesuai dengan Pasal 3 Anggaran Dasar Perseroan, kegiatan               In accordance with Article 3 of the Company's Articles of
usaha utama Perusahaan adalah aktivitas keamanan swasta,               Association, the Company's primary business activities are
penyediaan tenaga kerja waktu tertentu, penyediaan sumber              private security services, the provision of fixed-term
daya manusia dan jasa manajemen sumber daya manusia                    employment, the provision of human resources and human
untuk pemberi kerja, kegiatan pengerjaan, perawatan dan                resource management services for employers, landscaping,
pemeliharaan pertamanan, kegiatan penyedia jasa                        exterior cleaning services for all types of buildings, the
pembersihan eksterior dari semua jenis bangunan, penyedia              provision of combined facility support services, general
gabungan jasa penunjang fasilitas, kebersihan umum                     building cleaning, and off-street parking.
bangunan, dan perparkiran di luar badan jalan.

                                                            LAYANAN JASA
                                                              SERVICES

              Jenis Jasa                                                             Penjelasan
           Types of Services                                                         Description
 Jasa Keamanan (Security Services)           1.   Manajemen Keamanan dan Jasa Penjagaan
 Menyediakan jasa keamanan                        Merupakan jasa Perseroan untuk menyediakan personel yang terdidik dan terlatih
 profesional yang beragam, yang terdiri           dalam bidang keamanan. Pelayanan ini dapat disesuaikan dan mempertimbangkan
 dari sistem manajemen keamanan,                  kebutuhan dan permintaan klien.
 konsultan, hingga personil keamanan         2.   Konsultasi Keamanan
 yang profesional untuk keamanan dan              Merupakan jasa konsultan dengan memberikan rekomendasi, masukan maupun konsep
 kenyamanan klien.                                sistem pengamanan yang terbaik untuk diterapkan di perusahaan, tempat tinggal,
 We provide a diverse range of                    maupun lokasi kerja dengan tujuan mencegah gangguan keamanan dari internal maupun
 professional security services, including        eksternal. Dengan konsep security & loss prevention management, klien menerima
 security management systems,                     perlindungan keamanan secara menyeluruh untuk mencegah kerugian dan manajemen
 consultancy services, and professional           risiko.
 security personnel to ensure the security   3.   Jasa Tinjauan Korporat dan Pribadi
 and comfort of our clients.                      Merupakan jasa khusus dalam mencari penyebab kerugian yang disebabkan oleh
                                                  internal perusahaan dengan teknik dan keahlian investigasi. Dengan jasa ini, dapat
                                                  menemukan titik kerawanan dan potensi gangguan keamanan bagi perusahaan serta
                                                  mendapatkan analisis penyebab serta pencegahannya.
                                             4.   Pengamanan VIP
                                                  Merupakan jasa keamanan untuk segala jenis kegiatan, acara, maupun program yang
                                                  diselenggarakan. Dengan keahlian dalam penguasaan lokasi dan hubungan dengan
                                                  pihak-pihak terkait, segala jenis kegiatan, acara maupun program risiko berjalan lancar
                                                  dan terhindar dari segala potensi gangguan dan ancaman keamanan.
                                             5.   Pelatihan Keamanan
                                                  Jasa pendidikan dan pelatihan untuk calon petugas keamanan yang andal dan berkualitas,
                                                  serta dengan sarana dan prasarana yang memadai agar dapat menghasilkan personil
                                                  keamanan yang mampu menjalankan peran, fungsi, dan tugasnya dengan baik.

                                             1. Security Management and Guarding Services
                                                This service entails providing well-educated and trained personnel in the field of security.
                                                Our services are customizable to accommodate the needs and requests of our clients,
                                                ensuring their security requirements are met.
                                             2. Security Consultancy
                                                We offer consultancy services aimed at recommending the best security systems,
                                                strategies, and concepts to be implemented in companies, residences, or workplaces.
                                                Our goal is to prevent security disturbances, whether internal or external, through the
                                                application of security and loss prevention management concepts, providing comprehensive
                                                security protection to prevent losses and manage risks.
                                             3. Corporate and Personal Review Services
                                                This specialized service focuses on investigating the causes of losses resulting from
                                                internal factors within a company. Through investigative techniques and expertise, we
                                                identify vulnerabilities and potential security threats to the company, providing analysis
                                                of causes and prevention strategies.
                                             4. VIP Protection
                                                We provide security services for various types of activities, events, or programs. With
                                                expertise in location mastery and relationships with relevant parties, we ensure smooth
                                                execution of activities, events, or programs, mitigating potential security disturbances
                                                and threats.
                                             5. Security Training
                                                Our educational and training service aims to produce reliable and high-quality security
                                                personnel. With adequate facilities and infrastructure, we ensure that our security personnel
                                                are capable of fulfilling their roles, functions, and duties effectively.


46   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 47
                                                                                                                                                                       1




                                                                                                                                                      Financial Summary
                                                                                                                                                      Ikhtisar Keuangan
             Jenis Jasa                                                            Penjelasan
          Types of Services                                                        Description
Jasa Kebersihan (Cleaning Services)          1.   Jasa Kebersihan Harian
Menyediakan jasa kebersihan beragam               Jasa kebersihan dengan kontrak tahunan untuk pembersihan gedung maupun
yang terdiri dari kebersihan luar dan             fasilitas apapun, dengan paket kebersihan secara berkala.
                                                                                                                                                                    2
dalam gedung, fascade, taman, gondola        2.   Jasa Kebersihan Umum




                                                                                                                                                      Management Report
                                                                                                                                                      Laporan Manajemen
dan lain-lain.                                    Jasa kebersihan yang disediakan secara berkala untuk segala fasilitas kebutuhan
We offer a variety of cleaning services,          anda.
including both interior and exterior         3.   Jasa Kebersihan Khusus
building cleaning, facade cleaning,               Jasa kebersihan khusus yang disediakan untuk area yang spesifik seperti:
landscaping maintenance, gondola                  pembersihan bagian luar edung, pembersihan billboard, karpet, sofa, granit, marmer,
cleaning, and more.                               toilet, dan lain-lain.
                                             4.   Pemeliharaan Lanskap/Taman
                                                  Jasa kebersihan dengan kontrak tahunan untuk pemeliharaan taman baik dalam
                                                                                                                                                                    3
                                                  gedung maupun luar gedung, dengan paket kebersihan secara berkala.




                                                                                                                                                      Company Profile
                                                                                                                                                      Profil Perusahaan
                                             5.   Pembersihan Keliling
                                                  Jasa kebersihan untuk pembersihan kios atau gerai kecil Anda yang tersebar di
                                                  lokasi tertentu termasuk klinik, ATM, dan lain-lain.

                                             1. Daily Cleaning Services
                                                Cleaning services with annual contracts for the maintenance of buildings or any other
                                                facilities, offering regular cleaning packages.
                                             2. General Cleaning                                                                                                   4
                                                Periodic cleaning services tailored to meet all your facility needs.




                                                                                                                                            Discussion and Analysis
                                                                                                                                            Management
                                                                                                                                            Pembahasan Manajemen
                                                                                                                                            Analisis dan
                                             3. Special Cleaning
                                                Specialized cleaning services provided for specific areas such as exterior building
                                                cleaning, billboard cleaning, carpet cleaning, sofa cleaning, granite cleaning, marble
                                                cleaning, toilet cleaning, and more.
                                             4. Landscape/Garden Maintenance
                                                Annual contract-based cleaning services for the maintenance of both indoor and
                                                outdoor gardens, offering regular cleaning packages.
                                             5. Mobile Cleaning
                                                Cleaning services for the cleanliness of your small kiosks or booths located in specific
                                                locations, including clinics, ATMs, and more.                                                                      5
Jasa Sumber Daya Manusia (Human              1. Jasa Pengembangan Talenta




                                                                                                                                                      Corporate Governance
                                                                                                                                                      Tata Kelola Perusahaan
Resources Provider)                             Pengelolaan alih daya untuk kegiatan penunjang operasional perusahaan/klien
Menyediakan jasa sumber daya                    antara lain: Frontline Services, Back Office Services, General Services, Engineering
manusia profesional bagi perusahaan             Services, dan Sales Promotion. Kontrak untuk jasa ini dilakukan secara tahunan dan
untuk memenuhi komitmen organisasi.             jumlah besar.
Layanan jasa ini bagi klien dengan           2. Jasa Penilaian Rekrutmen
tujuan efisiensi operasional dan                Layanan dalam membantu perusahaan dalam mencari, seleksi, dan asesmen sumber
organisasi.                                     daya manusia. Perseroan ahli menyediakan “The Right Man on The Right Place”.
We provide professional human                   Layanan kami meliputi Assessment Services, Executive, dan Search Learning &
resources services to companies to fulfill      Development Services.                                                                                              6
organizational commitments. This             3. Jasa Kompensasi & Benefit                                                                             Sustainability Report
service is aimed at enhancing                   Jasa dalam penyediaan sistem untuk pengelolaan compensation & benefit, antara                         Laporan Keberlanjutan

operational efficiency and organization         lain, payroll services dan BPJS administration services.
for our clients.
                                             1. Talent Development Services
                                                Outsourcing management for operational support activities for companies/clients,
                                                including Frontline Services, Back Office Services, General Services, Engineering
                                                Services, and Sales Promotion. Contracts for these services are typically annual and in
                                                large quantities.
                                             2. Recruitment Assessment Services
                                                Services to assist companies in finding, selecting, and assessing human resources.                                   7
                                                Our expertise lies in providing “The Right Man on The Right Place.” Our services
                                                                                                                                                      Financial Report
                                                                                                                                                      Laporan Keuangan




                                                include Assessment Services, Executive, and Search Learning & Development
                                                Services.
                                             3. Compensation & Benefit Services
                                                Services in providing systems for managing company compensation & benefits,
                                                including payroll services and BPJS administration services.




                                                                      COMBINED REPORT • PT SHIELD ON SERVICES Tbk                      47
Page 48
             Jenis Jasa                                                         Penjelasan
          Types of Services                                                     Description
 Jasa Manajemen Parkir (Parking           1.   Jasa Pengelolaan Parkir
 Management)                                   Jasa dalam pelayanan parkir dengan memberikan rasa aman dan nyaman kepada
 Menyediakan jasa manajemen parkir             setiap klien atau pengunjung.
 yang beragam. Dengan tagline “aman       2.   Layanan Valet
 dan nyaman”, klien mendapat                   Layanan valet profesional dengan rasa aman dan nyaman.
 pelayanan maksimal atas jasa             3.   Konsultan Perencanaan Lalu Lintas
 manajemen parkir.                             Jasa pengelolaan parkir dan didukung struktur organisasi yang solid dan profesional
 We offer diverse parking management           untuk menciptakan keamanan dan kenyamanan yang maksimal bagi pengunjung
 services with the tagline “safe and           dan klien.
 comfortable,” ensuring clients receive   4.   Konsultan Perencanaan Lalu Lintas
 maximum service quality in parking            Jasa konsultan dalam memberikan rekomendasi, masukan, ataupun analisis
 management.                                   mengenai masalah traffic terutama pada saat terjadi kepadatan dan antrian
                                               kendaraan.
                                          5.   Pemeliharaan Peralatan Parkir
                                               Jasa pemeriksaan dan perawatan peralatan parkir yang dilakukan secara berkala.

                                          1. Parking Services
                                             Providing parking services that prioritize the safety and comfort of every client or
                                             visitor.
                                          2. Valet Services
                                             Professional valet services, ensuring safety and comfort.
                                          3. Car Park Management
                                             Parking management services supported by a solid and professional organizational
                                             structure to create maximum security and comfort for visitors and clients.
                                          4. Traffic Design Consultant
                                             Consulting services offering recommendations, input, and analysis regarding traffic
                                             issues, especially during congestion and vehicle queues.
                                          5. Parking Equipment Maintenance
                                             Inspection and maintenance services for parking equipment conducted regularly.
 Jasa Pelatihan                           1. Akademi Bidang Jasa
 Training Center                             Memastikan seluruh karyawan, mendapatkan pelatihan kerja oleh pelatih
                                             berpengalaman yang tersertifikasi dengan Modul Training Berbasis Kompetensi,
                                             mulai dari sebelum sampai dengan sesudah penempatan kerja.
                                          2. Program Pengembangan Talenta
                                             Merupakan program pengembangan karier karyawan berupa pelatihan kaderisasi
                                             sebagai bentuk apresiasi perusahaan kepada karyawannya yang berprestasi.
                                          3. Program Internasional
                                             Program ini telah mendapat kepercayaan dari World Class Hotel International dalam
                                             Program International Hotel Internship. Kesempatan emas ini diberikan bagi siswa
                                             SOS Academy yang berprestasi untuk dapat mengembangkan karier di hotel bintang
                                             lima bertaraf internasional.

                                          1. School of Service
                                             Ensuring all employees receive job training by Certified Professional Trainers with
                                             Competency-based Training Modules, ranging from pre- to post-placement training.
                                          2. Talent Development Program
                                             A career development program for employees consisting of promotion cadreship
                                             training, as a form of appreciation from the company to its high-performing employees.
                                          3. International Program
                                             This program has gained trust from World Class International Hotels in the
                                             International Hotel Internship Program. This golden opportunity is provided to
                                             high-achieving SOS Academy students to develop their careers in 5-star International
                                             Hotels.




48   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 49
SKALA USAHA [C.3] • Business Scale
                                                                                                                                                                 1




                                                                                                                                                Financial Summary
                                                                                                                                                Ikhtisar Keuangan
                       Uraian
                                                                2024                                         2023
                     Description
 Total Aset
                                                                                 454.002                                   461.112
 Total Assets
 Total Liabilitas                                                                                                                                             2
                                                                                 154.675                                  166.856
 Total Liabilities




                                                                                                                                                Management Report
                                                                                                                                                Laporan Manajemen
 Jumlah Karyawan
                                                                                  24.731                                  25.908
 Total Employees



KARYAWAN SOS • SOS Employees
                                                                                                                                                              3




                                                                                                                                                Company Profile
                                                                                                                                                Profil Perusahaan
Pada tahun 2024, jumlah karyawan Induk Perseroan beserta            As of December 31, 2024, the total number of employees of
Entitas Anak adalah sebanyak 24.710 orang. Berikut ini              the Parent Company and its subsidiaries was 24,710 people.
adalah pengelompokan komposisi karyawan Perseroan dan               The following is a breakdown of the Company's and its
entitas anak per tanggal 31 Desember 2024 menurut tingkatan/        subsidiaries' employee composition as of December 31, 2024,
level organisasi, jenjang pendidikan, rentang usia, status          by organizational level, education level, age range, employment
kepegawaian, dan lokasi kerja.                                      status, and work location.
                                                                                                                                                             4




                                                                                                                                      Discussion and Analysis
                                                                                                                                      Management
                                                                                                                                      Pembahasan Manajemen
                                                                                                                                      Analisis dan
                                       Komposisi Pegawai SOS berdasarkan Jenis Kelamin
                                         Composition of SOS Employee Based on Gender
                                                     2024                                              2023
     Jenis Kelamin
        Gender                     Jumlah (Orang)           Persentase (%)           Jumlah (Orang)            Persentase (%)
                                    Total (People)          Percentage (%)            Total (People)           Percentage (%)
 Laki-laki
                                               21.245                   85,98%                   22.852                   88,20%
 Male
                                                                                                                                                             5
 Perempuan




                                                                                                                                                Corporate Governance
                                                                                                                                                Tata Kelola Perusahaan
                                               3.465                    14,02%                    3.056                    11,80%
 Female
 Jumlah | Total                               24.710                   100,00%                  25.908                   100,00%


                                     Komposisi Pegawai SOS berdasarkan Level Organisasi
                                   Composition of SOS Employee Based on Organizational Level
                                                     2024                                               2023
  Level Organisasi                                                                                                                                           6
 Organizational Level              Jumlah (Orang)           Persentase (%)           Jumlah (Orang)            Persentase (%)                   Sustainability Report
                                                                                                                                                Laporan Keberlanjutan
                                    Total (People)          Percentage (%)            Total (People)           Percentage (%)
 Executive Officer                                   12                  0,05%                          14                  0,05%
 General Manager                                      8                  0,03%                          10                  0,04%
 Manager                                         105                     0,42%                         104                  0,40%
 Supervisor                                          113                 0,46%                         116                  0,45%
 Staff                                           231                     0,93%                      230                     0,89%
 Non Staff                                     24.241                   98,10%                   25.434                    98,17%                              7
                                                                                                                                                Financial Report
                                                                                                                                                Laporan Keuangan




 Jumlah | Total                               24.710                   100,00%                   25.908                  100,00%




                                                                   COMBINED REPORT • PT SHIELD ON SERVICES Tbk                   49
Page 50
                              Komposisi Pegawai SOS berdasarkan Rentang Usia
                              Composition of SOS Employee Based on Age Range
                                            2024                                         2023
       Rentang Usia
        Age Range         Jumlah (Orang)           Persentase (%)      Jumlah (Orang)           Persentase (%)
                           Total (People)          Percentage (%)       Total (People)          Percentage (%)
 < 21 tahun/ years old                 1.159                   4,69%                1.424                  5,50%
 21-30 tahun/ years old               11.089                  44,88%               10.518                 40,60%
 31-40 tahun/ years old                7.785                  31,51%               8.995                  34,70%
 41-50 tahun/ years old                3.877                  15,69%                4.130                  15,90%
 >50 tahun/ years old                   800                    3,23%                 841                   3,30%
 Jumlah | Total                      24.710                 100,00%               25.908                 100,00%

                           Komposisi Pegawai SOS Berdasarkan Tingkat Pendidikan
                           Composition of SOS Employee Based of Educational Level
                                            2024                                         2023
     Tingkat Pendidikan
      Educational Level   Jumlah (Orang)           Persentase (%       Jumlah (Orang)           Persentase (%)
                           Total (People)          Percentage (%)       Total (People)          Percentage (%)
 S2
                                            25                 0,10%                     23                0,09%
 Master’s Degree
 S1 dan Sederajat
                                       2.155                   8,72%                1.665                   6,43%
 Bachelor’s Degree
 SMA/Diploma
                                      21.775                  88,12%               23.431                 90,44%
 High School/Diploma
 < SMA/Diploma
                                        755                   3,06%                  789                   3,04%
 < High School/Diploma
 Jumlah | Total                      24.710                 100,00%               25.908                 100,00%

                           Komposisi Pegawai SOS Berdasarkan Status Kepegawaian
                           Composition of SOS Employee Based on Employment Status
                                            2024                                         2023
 Status Kepegawaian
  Employment Status       Jumlah (Orang)           Persentase (%)      Jumlah (Orang)           Persentase (%)
                           Total (People)          Percentage (%)       Total (People)          Percentage (%)
 Tidak Tetap
                                     24.246                   98,12%              25.888                  99,92%
 Contract
 Tetap
                                        464                    1,88%                     20                0,08%
 Permanent
 Jumlah | Total                      24.710                    100%               25.908                 100,00%

                              Komposisi Pegawai SOS Berdasarkan Lokasi Kerja
                             Composition of SOS Employee Based on Work Location
                                            2024                                         2023
       Lokasi Kerja
       Work Location      Jumlah (Orang)           Persentase (%)      Jumlah (Orang)           Persentase (%)
                           Total (People)          Percentage (%)       Total (People)          Percentage (%)
 Kantor Pusat
                                        523                    2,12%                 540                   2,08%
 Head Office
 Kantor Cabang
                                      24.187                  97,88%              25.368                  97,92%
 Branch Office
 Jumlah | Total                      24.710                    100%               25.908                 100,00%




50     COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 51
JARINGAN BISNIS DAN WILAYAH OPERASIONAL •
Business Network and Operational Region                                                                                             1




                                                                                                                   Financial Summary
                                                                                                                   Ikhtisar Keuangan
                                                                                                                                 2




                                                                                                                   Management Report
                                                                                                                   Laporan Manajemen
                                                                                                                                 3




                                                                                                                   Company Profile
                                                                                                                   Profil Perusahaan
     Kantor Pusat/ Head Office                              Jambi                                                               4
     Graha Dinamika, Lt. 3                                  Perumahan Citra Land KAV A No.37,




                                                                                                         Discussion and Analysis
                                                                                                         Management
                                                                                                         Pembahasan Manajemen
                                                                                                         Analisis dan
     JI. Tanah Abang II No. 49-51                           Jl. Ismail Malik, Kota Baru, Jambi
     Jakarta Pusat 10160, Indonesia                         Makassar
     T. +62 21 3505919                                      Rukan Citraland Celebes Blok I No. 38
     SOS Academy                                            Jl. Tun Abdul Razak, Gowa,
     JI. Tanah Abang II No. 2A                              Sulawesi Selatan 92144
     Kel. Petojo Selatan, Kec. Gambir                       T. +62 411 4092480
     Jakarta Pusat 10160                                    Manado
     T. +62 21 3505389                                      JI. Yos Sudarso,
     Balikpapan                                             Kompleks Pasar Segar Blok KP 07                                     5
     Ruko Mall Sentra Eropa Blok AA5 No. 34,                Kel. Paal 2, Kec. Tikala




                                                                                                                   Corporate Governance
                                                                                                                   Tata Kelola Perusahaan
     Kec. Balikpapan Kota, Kalimantan Timur 76114           Manado 95129
     T. +62 542 8515728                                     Medan
     Bali                                                   JI. HM. Joni No. 28/29
     Jl. Raya Sesetan No. 713                               Kel. Pasar Merah Barat
     Pedungan, Denpasar Selatan                             Kec. Medan Kota 20216
     Bali 80223                                             T. +62 61 42909453
     T. +62 61 4290 9453                                    Palembang
     Bandar Lampung                                         Jalan Basuki Rahmat No. 5, Pahlawan
                                                                                                                                6
     Jl. P. Tirtayasa No. 19,                               Kec. Kemuning, Kota Palembang 30151                    Sustainability Report
     Kompleks Ruko Tirtayasa,                               Sumatra Selatan                                        Laporan Keberlanjutan

     Bandar Lampung 35122                                   T. +62 711 570 1310
     T. +62 721 5617520                                     Pekanbaru
     Bandung                                                Jl. Teuku Umar No. 28
     JI. Moh. Toha No. 149A                                 Kel. Kota Tinggi, Kec. Pekanbaru Kota
     Cigereleng, Regol                                      Pekanbaru, Riau 28155
     Bandung 40253                                          T. +62 761 35808 / 36633
     T. +62 22 2482 4991                                    Semarang
     Batam                                                  Jl. Raya Pamularsih
                                                                                                                                  7
     Jl. Laksamana Bintan,                                  Ruko Pamularsih Blok 16 B & C
                                                                                                                   Financial Report
                                                                                                                   Laporan Keuangan




     Komp, Ruko Gold Hill Blok A No. 2,                     Semarang 50148
     Batam 29444                                            T. +62 2476632384
     T. +62 778 4893002                                     Surabaya
     Cikarang                                               Jl. Raya Kendangsari No. 7B
     Jl. Industri No. 71C,                                  Kel. Kendangsari, Surabaya 60192
     Kec. Cikarang Utara                                    T. +62 31841 9092
     Kabupaten Bekasi 17530
     T. +62 21 8901130




                                                    COMBINED REPORT • PT SHIELD ON SERVICES Tbk     51
Page 52
STRUKTUR ORGANISASI • Organizational Structure




                                              RUPS




     Komite Nominasi dan
                                         Dewan Komisaris          Komite Audit
        Remunerasi



                                           Hiroshi Iwai
                                          Direktur Utama



       Sekretaris Perusahaan                                 Internal Audit




           Akira Kawamura                Ryoji Hamasaka    Djono Karjadi
               Direktur                     Direktur         Direktur




         Marketing dan Sales               Operasional      Personalia




              Keuangan




                Legal




           Sistem Informasi




52    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 53
KEANGGOTAAN ASOSIASI [C.5] • Association Membership
                                                                                                                                                           1




                                                                                                                                          Financial Summary
                                                                                                                                          Ikhtisar Keuangan
SOS tergabung dalam beberapa asosiasi sebagai berikut:              SOS is a member of several associations, as follows:



                            Asosiasi                                      Posisi Perusahaan                  Skala
                           Association                                    Company Position                   Scale                                      2




                                                                                                                                          Management Report
                                                                                                                                          Laporan Manajemen
 Badan Usaha Jasa Pengamanan (Abujapi)                                         Anggota                      Nasional
 Security Services Business Entity (Abujapi)                                   Member                       National
 Kamar Dagang Indonesia (Kadin)                                                Anggota                      Nasional
 Indonesian Chamber of Commerce and Industry (Kadin)                           Member                       National
 Asosiasi Bisnis Alih Daya Indonesia (ABADI)                                   Anggota                      Nasional
 Indonesian Outsourcing Business Associations (ABADI)                          Member                       National
 Asosiasi Perusahaan Klining Servis Indonesia                                  Anggota                      Nasional                                    3
 Cleaning Company Association of Indonesia                                     Member                       National




                                                                                                                                          Company Profile
                                                                                                                                          Profil Perusahaan
PERUBAHAN PERUSAHAAN YANG BERSIFAT
SIGNIFIKAN [C.6] • Significant Changes in the Company
Tidak ada perubahan signifikan yang terjadi di organisasi           There were no significant changes within the organization                          4
atau Perseroan selama tahun buku 2024.                              or the Company during the 2024 financial year.




                                                                                                                                Discussion and Analysis
                                                                                                                                Management
                                                                                                                                Pembahasan Manajemen
                                                                                                                                Analisis dan
KOMPOSISI DEWAN KOMISARIS
DAN DIREKSI TAHUN 2024 •
Composition of the Board of Commissioners
                                                                                                                                                       5
and the Board of Directors in 2024




                                                                                                                                          Corporate Governance
                                                                                                                                          Tata Kelola Perusahaan
                   Nama                                        Jabatan                        Tanggal Pengangkatan
                   Name                                        Position                        Date of Appointment
 Motohisa Suzuki                               Komisaris Utama                                    20 Oktober 2023
                                               President Commissioner                             October 20, 2023
                                                                                                                                                       6
 Maya Osaki                                    Komisaris                                          20 Oktober 2023                         Sustainability Report
                                               Commissioner                                       October 20, 2023                        Laporan Keberlanjutan

 Herman Julianto                               Komisaris                                          20 Oktober 2023
                                               Commissioner                                       October 20, 2023
 Azusa Mihara                                  Komisaris Independen                               20 Oktober 2023
                                               Independent Commissioner                           October 20, 2023
 Supratman Gunawan                             Komisaris Independen                               20 Oktober 2023
                                               Independent Commissioner                           October 20, 2023
 Hiroshi Iwai                                  Direktur Utama                                     20 Oktober 2023                                        7
                                               President Director                                 October 20, 2023
                                                                                                                                          Financial Report
                                                                                                                                          Laporan Keuangan




 Akira Kawamura                                Direktur                                           20 Oktober 2023
                                               Director                                           October 20, 2023
 Ryoji Hamasaki                                Direktur                                           20 Oktober 2023
                                               Director                                           October 20, 2023
 Djono Karjadi                                 Direktur                                           20 Oktober 2023
                                               Director                                           October 20, 2023




                                                                    COMBINED REPORT • PT SHIELD ON SERVICES Tbk            53
Page 54
PROFIL DEWAN KOMISARIS •
Profile of the Board of Commissioners




                                                    Motohisa Suzuki
                                                    Komisaris Utama
                                                    President Commissioner




 Dasar Hukum                  Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) PT Shield On Service Tbk., Akta
 Pengangkatan                 Notaris No. 94 tanggal 20 Oktober 2023.
 Legal Basis of Appointment   Extraordinary General Meeting of Shareholders (EGM) Decision of PT Shield On Service Tbk., Notarial
                              Deed No. 94 dated October 20, 2023.
 Usia                         65 tahun/ years old
 Age
 Kewarganegaraan              Jepang
 Nationality                  Japanese
 Domisili                     Jepang
 Domicile                     Japan
 Riwayat Pendidikan           Lulus dari Fakultas Hukum Universitas Tokyo
 Educational Background       Graduated from the University of Tokyo, Faculty of Law
 Riwayat Pekerjaan            •   Komisaris Utama PT Shield On Service Tbk. (2023 - sekarang)
 Professional Background      •   Bergabung dengan SOHGO SECURITY SERVICES CO, LTD. (2016)
                                  - Executive Vice President (2024 - sekarang)
                                  - Penanggung Jawab Umum/PR (2022 - sekarang)
                                  - Kepala Petugas Urusan Internasional (2022 - sekarang)
                                  - Wakil Kepala Operasi Keamanan (bertanggung jawab atas Olimpiade dan Paralimpiade
                                      Tokyo 2020 dan operasi lainnya)
                                  - Direktur (2019 - sekarang)
                                  - Kepala Petugas Urusan Promosi Olimpiade dan Paralimpiade Tokyo (2019)
                                  - Wakil Kepala Petugas Urusan Promosi Olimpiade dan Paralimpiade Tokyo yang Bertanggung
                                      Jawab atas Operasi Keamanan (2018)
                                  - Bertanggung Jawab atas Divisi Umum/PR
                                  - Pejabat Eksekutif Senior (2016 - sekarang)
                              •   Pensiun dari Badan Kepolisian Nasional (2016)
                              •   Direktur Jenderal, Biro Lalu Lintas, Badan Kepolisian Nasional (2015)
                              •   Direktur Jenderal, Biro Lalu Lintas, Departemen Kepolisian Metropolitan Tokyo (2010)
                              •   Kepala Markas Besar Kepolisian Prefektur Kochi (2005)
                              •   Sekretaris Pertama, Kedutaan Besar Jepang di Italia (1993)
                              •   Bergabung dengan Badan Kepolisian Nasional (1982 )




54      COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 55
                                                                                                                                                       1




                                                                                                                                      Financial Summary
                                                                                                                                      Ikhtisar Keuangan
                                                                                                                                                    2




                                                                                                                                      Management Report
                                                                                                                                      Laporan Manajemen
                                                                                                                                                    3




                                                                                                                                      Company Profile
                                                                                                                                      Profil Perusahaan
                       •   President Commissioner PT Shield On Service Tbk. (2023 - present)                                                       4
                       •   Joined SOHGO SECURITY SERVICES CO., LTD. (2016)




                                                                                                                            Discussion and Analysis
                                                                                                                            Management
                                                                                                                            Pembahasan Manajemen
                                                                                                                            Analisis dan
                           - Executive Vice President (2024 - present)
                           - In charge of General Affairs/PR (2022 - present)
                           - Chief Officer of International Affairs (2022 - present)
                           - Deputy Chief Officer of Security Operations (in charge of Tokyo 2020 Olympic and Paralympic
                                Games and other operations)
                           - Director (2019 - present)
                           - Chief Officer of Tokyo Olympics and Paralympic Promotion Affairs (2019)
                           - Deputy Chief Officer of Tokyo Olympics and Paralympic Promotion Affairs In Charge of
                                Security Operation (2018)
                           - In charge of General Affairs/PR                                                                                       5
                           - Senior Executive Officer (2016 - present)




                                                                                                                                      Corporate Governance
                                                                                                                                      Tata Kelola Perusahaan
                       •   Retired from the National Police Agency (2016)
                       •   Director General, Traffic Bureau, National Police Agency (2015)
                       •   Director General, Traffic Bureau, Tokyo Metropolitan Police Department (2010)
                       •   Chief of Kochi Prefectural Police Headquarters (2005)
                       •   First Secretary, Embassy of Japan in Italy (1993)
                       •   Joined the National Police Agency (1982)
Rangkap Jabatan        •   Komisaris Utama PT Human Resources Solution (2023 - sekarang)
Concurrent Positions   •   Komisaris Utama PT The Service Line (2024 - sekarang)
                       •   Komisaris Utama PT Human Resources Provider (2024 - sekarang)                                                           6
                       •   Komisaris Utama PT SOS Indonesia (2024 - sekarang)                                                         Sustainability Report
                       •   Komisaris Utama PT Master Parking Indonesia (2024 - sekarang)                                              Laporan Keberlanjutan

                       •   Komisaris Utama PT Safe Secured Solution (2024 - sekarang)
                       •   Komisaris Utama PT Professional Human Resources (2024 - sekarang)
                       •   Direktur SOHGO SECURITY SERVICES CO,LTD (2019 sekarang)

                       •   President Commissioner of PT Human Resources Solution (2023 - present)
                       •   President Commissioner of PT The Service Line (2024 - present)
                       •   President Commissioner of PT Human Resources Provider (2024 - present)
                       •   President Commissioner of PT SOS Indonesia (2024 - present)
                       •   President Commissioner of PT Master Parking Indonesia (2024 - present)                                                    7
                       •   President Commissioner of PT Safe Secured Solution (2024 - present)
                                                                                                                                      Financial Report
                                                                                                                                      Laporan Keuangan




                       •   President Commissioner of PT Professional Human Resources (2024 - present)
                       •   Director of SOHGO SECURITY SERVICES CO,LTD (2019 - present)
Kepemilikan Saham      Tidak Ada
Share Ownership        None
Hubungan Afiliasi      Tidak memiliki hubungan afiliasi baik dengan anggota Direksi, anggota Dewan Komisaris lainnya
Affiliation            maupun dengan pemegang saham pengendali.
                       Has no affiliation with any member of the Board of Directors, other members of the Board of
                       Commissioners, or controlling shareholders.




                                                          COMBINED REPORT • PT SHIELD ON SERVICES Tbk                  55
Page 56
                                                    Maya Osaki
                                                    Komisaris
                                                    Commissioner




 Dasar Hukum                  Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) PT Shield On Service Tbk., Akta
 Pengangkatan                 Notaris No. 94 tanggal 20 Oktober 2023.
 Legal Basis of Appointment   Extraordinary General Meeting of Shareholders (EGM) Decision of PT Shield On Service Tbk., Notarial
                              Deed No. 94 dated October 20, 2023.
 Usia                         50 tahun/ years old
 Age
 Kewarganegaraan              Jepang
 Nationality                  Japanese
 Domisili                     Jepang
 Domicile                     Japan
 Riwayat Pendidikan           Chuo University, Master of Science and Engineering
 Educational Background
 Riwayat Pekerjaan            •   Komisaris PT Shield On Service Tbk. (2023 - sekarang)
 Professional Background      •   Bergabung dengan SOHGO SECURITY SERVICES CO, LTD, Departemen Penelitian dan
                                  Pengembangan (1999)
                                  - General Manajer, International Affairs Dept. (2023 - sekarang)
                                  - General Manajer, International Affairs Dept. (I) & (II) (2022)
                                  - General Manajer, International Affairs Dept. (I) (2021)
                                  - Wakil Manajer Umum, Departemen Internasional (2019)
                                  - Manajer, Departemen Internasional (II) (2017)
                                  - Wakil Manajer, Divisi Perencanaan, Departemen Perencanaan & Administrasi Perusahaan
                                     (2014)
                                  - Wakil Manajer, Divisi Perencanaan Pemasaran & Produk, Departemen Perencanaan
                                     Pemasaran & Produk (2014)
                                  - Penasihat Keamanan, Kedutaan Besar Jepang di Filipina (diperbantukan ke Kementerian
                                     Luar Negeri) (2009)
                                  - Pejabat, Sekretariat Menteri, Divisi Umum (Diperbantukan ke Kementerian Luar Negeri)
                                     (2004)




56      COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 57
                                                                                                                                                               1




                                                                                                                                              Financial Summary
                                                                                                                                              Ikhtisar Keuangan
                                                                                                                                                            2




                                                                                                                                              Management Report
                                                                                                                                              Laporan Manajemen
                                                                                                                                                            3




                                                                                                                                              Company Profile
                                                                                                                                              Profil Perusahaan
                       •   Commissioner of PT Shield On Service Tbk.(2023 - present)
                       •   Joined SOHGO SECURITY SERVICES CO., LTD., R&D Dept. (1999)
                           - General Manager, International Affairs Dept. (2023 - present)
                           - General Manager, International Affairs Dept. (I) & (II) (2022)
                           - General Manager, International Affairs Dept. (I) (2021)                                                                       4
                           - Deputy General Manager, International Affairs Dept. (2019)




                                                                                                                                    Discussion and Analysis
                                                                                                                                    Management
                                                                                                                                    Pembahasan Manajemen
                                                                                                                                    Analisis dan
                           - Manager, International Affairs Dept. (II) (2017)
                           - Deputy Manager, Planning Division, Corporate Planning & Administration Dept. (2014)
                           - Deputy Manager, Marketing & Products Planning Division, Marketing & Products Planning
                               Dept. (2014)
                           - Security Adviser, Embassy of Japan in the Philippines (Seconded to the Ministry of Foreign
                               Affairs) (2009)
                           - Official, Minister’s Secretariat, General Affairs Division (Seconded to the Ministry of Foreign
                               Affairs) (2004)
Rangkap Jabatan        •   Komisaris PT Human Resources Solution (2023 - sekarang)
                                                                                                                                                           5
Concurrent Positions   •   Komisaris PT The Service Line (2024 - sekarang)




                                                                                                                                              Corporate Governance
                                                                                                                                              Tata Kelola Perusahaan
                       •   Komisaris PT Human Resources Provider (2024 - sekarang)
                       •   Komisaris PT SOS Indonesia (2024 - sekarang)
                       •   Komisaris PT Master Parking Indonesia (2024 - sekarang)
                       •   Komisaris PT Safe Secured Solution (2024 - sekarang)
                       •   Komisaris PT Professional Human Resources (2024 - sekarang)
                       •   Commissioner of PT Human Resources Solution (2023 - present)
                       •   Commissioner of PT The Service Line (2024 - present)
                       •   Commissioner of PT Human Resources Provider (2024 - present)
                       •   Commissioner of PT SOS Indonesia (2024 - present)
                       •   Commissioner of PT Master Parking Indonesia (2024 - present)                                                                    6
                       •   Commissioner of PT Safe Secured Solution (2024 - present)                                                          Sustainability Report
                                                                                                                                              Laporan Keberlanjutan
                       •   Commissioner of PT Professional Human Resources (2024 - present)
Kepemilikan Saham      Tidak Ada
Share Ownership        None
Hubungan Afiliasi      Tidak memiliki hubungan afiliasi baik dengan anggota Direksi, anggota Dewan Komisaris lainnya
Affiliation            maupun dengan pemegang saham pengendali.
                       Has no affiliation with any member of the Board of Directors, other members of the Board of
                       Commissioners, or controlling shareholders.

                                                                                                                                                             7
                                                                                                                                              Financial Report
                                                                                                                                              Laporan Keuangan




                                                             COMBINED REPORT • PT SHIELD ON SERVICES Tbk                       57
Page 58
                                                  Herman Julianto
                                                  Komisaris
                                                  Commissioner




 Dasar Hukum Pengangkatan     Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) PT Shield On Service Tbk., Akta
 Legal Basis of Appointment   Notaris No. 94 tanggal 20 Oktober 2023.
                              Extraordinary General Meeting of Shareholders (EGM) Decision of PT Shield On Service Tbk., Notarial
                              Deed No. 94 dated October 20, 2023.
 Usia                         72 tahun/ years old
 Age
 Kewarganegaraan              Indonesia
 Nationality                  Indonesian
 Domisili                     Jakarta
 Domicile
 Riwayat Pekerjaan            •   Komisaris PT Shield On Service Tbk. (2023 - sekarang)
 Professional Background      •   Direktur Utama PT Safe Secured Solution (2009 - 2023)
                              •   Direktur Utama PT Master Parking Indonesia (2009 - 2023)
                              •   Komisaris Utama PT SOS Indonesia (2009 - 2023)
                              •   Komisaris Utama PT Human Resources Provider (2009 - 2023)
                              •   Direktur PT Human Resources Solution (2009 - 2023)
                              •   Direktur Utama PT Professional Human Resources (2007 - 2023)
                              •   Direktur Utama PT The Service Line (2007 - 2023)
                              •   Presiden Direktur PT Shield On Service Tbk. (2004 - 2023)
                              •   Presiden Direktur PT Bali Permai Perkasa (1994)
                              •   Direktur Utama PT Graha Persada Kurnianusa (1994)
                              •   Wakil Presiden Bank BII (1985)
                              •   General Manager of LYC Furniture (1980)

                              • Commissioner PT Shield On Service Tbk. (2023 - present)
                              • President Director of PT Safe Secured Solution (2009 - 2023)
                              • President Director of PT Master Parking Indonesia (2009 - 2023)
                              • President Commissioner of PT SOS Indonesia (2009 - 2023)
                              • President Commissioner of PT Human Resources Provider (2009 - 2023)
                              • Director of PT Human Resources Solution (2009 - 2023)
                              • President Director of PT Professional Human Resources (2007 – 2023)
                              • President Director of PT The Service Line (2007 – 2023)
                              • President Director of PT Shield On Service Tbk. (2004 - 2023)
                              • President Director of PT Bali Permai Perkasa (1994)
                              • President Director of PT Graha Persada Kurnianusa (1994)
                              • Vice President of Bank BII (1985)
                              • General Manager of LYC Furniture (1980)
 Rangkap Jabatan              • Direktur Utama PT Inlife (2008 - sekarang)
 Concurrent Positions         • Komisaris Utama PT Inti Pratama Permai (2018 - sekarang)
                              • President Director PT Inlife (2008 - present)
                              • President Commissioner PT Inti Pratama Permai (2018 - present)
 Kepemilikan Saham            Tidak Ada
 Share Ownership              None
 Hubungan Afiliasi            Tidak memiliki hubungan afiliasi baik dengan anggota Direksi, anggota Dewan Komisaris lainnya
 Affiliation                  maupun dengan pemegang saham pengendali.
                              Has no affiliation with any member of the Board of Directors, other members of the Board of
                              Commissioners, or controlling shareholders.




58   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 59
                                                                                                                                                             1




                                                                                                                                            Financial Summary
                                                                                                                                            Ikhtisar Keuangan
                                                                                                                                                          2




                                                                                                                                            Management Report
                                                                                                                                            Laporan Manajemen
                                                   Azusa Mihara
                                                   Komisaris Independen
                                                   Independent Commissioner

                                                                                                                                                          3




                                                                                                                                            Company Profile
                                                                                                                                            Profil Perusahaan
Dasar Hukum Pengangkatan     Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) PT Shield On Service Tbk., Akta
Legal Basis of Appointment   Notaris No. 94 tanggal 20 Oktober 2023.
                             Extraordinary General Meeting of Shareholders (EGM) Decision of PT Shield On Service Tbk.,
                             Notarial Deed No. 94 dated October 20, 2023.
Usia                         59 tahun/ years old
Age                                                                                                                                                      4




                                                                                                                                  Discussion and Analysis
                                                                                                                                  Management
                                                                                                                                  Pembahasan Manajemen
                                                                                                                                  Analisis dan
Kewarganegaraan              Jepang
Nationality                  Japanese
Domisili                     Jepang
Domicile                     Japan
Riwayat Pendidikan           •   Keisen Jogakuen College, English (1986)
Educational Background       •   Bellevue College, Para-professional Accounting (1999)
                             •   University of Washington, Accounting (2001)
Riwayat Pekerjaan            •   Komisaris Independen PT Shield On Service Tbk. (2023 - sekarang)
Professional Background      •   Director/Consultant, PT Sakura Mitra Perdana (2015 - sekarang)                                                          5
                             •   Consultant, PT Onitsuka Management Consulting (2010)




                                                                                                                                            Corporate Governance
                                                                                                                                            Tata Kelola Perusahaan
                             •   Accounting Manager, MK Builder Corporation (2004)
                             •   Accounting Clerk, Bellevue College (2001)
                             •   Librarian, Japan External Trade Organization (JETRO) (1995)
                             •   Writer/Editor, Merc Editorial Office (1992)
                             •   Sales Assistant, Mitsubishi Corporation/Steel Exporting Dept. (1986)

                             •   Independent Commissioner PT Shield On Service Tbk. (2023 - present)
                             •   Director/Consultant, PT Sakura Mitra Perdana (2015 - present)
                             •   Consultant, PT Onitsuka Management Consulting (2010)
                                                                                                                                                         6
                             •   Accounting Manager, MK Builder Corporation (2004)
                                                                                                                                            Sustainability Report
                             •   Accounting Clerk, Bellevue College (2001)                                                                  Laporan Keberlanjutan
                             •   Librarian, Japan External Trade Organization (JETRO) (1995)
                             •   Writer/Editor, Merc Editorial Office (1992)
                             •   Sales Assistant, Mitsubishi Corporation/Steel Exporting Dept. (1986)
Rangkap Jabatan              Director/Consultant, PT Sakura Mitra Perdana (2015 - sekarang)
Concurrent Positions         Director/Consultant, PT Sakura Mitra Perdana (2015 - present)
Kepemilikan Saham            Tidak Ada
Share Ownership              None
Hubungan Afiliasi            Tidak memiliki hubungan afiliasi baik dengan anggota Direksi, anggota Dewan Komisaris lainnya                                 7
Affiliation                  maupun dengan pemegang saham pengendali.
                                                                                                                                            Financial Report
                                                                                                                                            Laporan Keuangan




                             Has no affiliation with any member of the Board of Directors, other members of the Board of
                             Commissioners, or controlling shareholders.




                                                              COMBINED REPORT • PT SHIELD ON SERVICES Tbk                    59
Page 60
                                                    Supratman Gunawan
                                                    Komisaris Independen
                                                    Independent Commissioner




 Dasar Hukum                  Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) PT Shield On Service Tbk., Akta
 Pengangkatan                 Notaris No. 94 tanggal 20 Oktober 2023.
 Legal Basis of Appointment   Extraordinary General Meeting of Shareholders (EGM) Decision of PT Shield On Service Tbk., Notarial
                              Deed No. 94 dated October 20, 2023.
 Usia                         64 tahun/ years old
 Age
 Kewarganegaraan              Indonesia
 Nationality                  Indonesian
 Domisili                     Jakarta
 Domicile
 Riwayat Pendidikan           Universitas Katolik Parahyangan, Administrasi Niaga
 Educational Background       Parahyangan Catholic University, Business Administration
 Riwayat Pekerjaan            •   Komisaris Independen PT Shield On Service Tbk. (2019 - sekarang)
 Professional Background      •   Direktur Independen PT Cahayaputra Asa Keramik Tbk. (2018)
                              •   Direktur Finance & Accounting PT Shield On Service (2010 – 2015)
                              •   Direktur Pendukung PT Human Resources Provider (2008 - 2010)
                              •   Komisaris Bank Perkreditan Rakyat Trisurya Binartha (2008 - 2015)
                              •   Kepala Divisi Channel Management Kantor Cabang Bank Internasional Indonesia (2006 - 2007)
                              •   Kepala Regional Pemasaran Bank BII Wilayah Jabar dan Jateng (2005 – 2006)
                              •   Komisaris PT MLC Investment Indonesia (2003 – 2005)
                              •   Komisaris PT BII Finance Center (2002 – 2003)
                              •   Kepala Cabang Bank BII Juanda (2002 – 2005)
                              •   Kepala Divisi Perencanaan dan Anggaran Bank BII (2001 – 2002)
                              •   Kepala Divisi Pengembangan Bisnis Bank BII (1999 – 2001)
                              •   Kepala Divisi Gedung dan Logistik Bank BII (1998 – 1999)
                              •   Kepala Audit Internal Bank BII/SKAI BII (1997 – 1998)
                              •   Wakil Kepala Audit Internal Bank BII (1993 – 1997)
                              •   Kepala Cabang Bank BII Bogor (1992 – 1993)
                              •   Kepala Cabang Bank BII Cimahi (1989 – 1991)
                              •   Account Officer Bank BII (1987 – 1988)
                              •   Supervisor Divisi Akuntansi Anak Cabang Bank Industri (1985 – 1986)
                              •   Asisten Auditor Kantor Akuntan Publik R.B Tanubrata (1985)




60      COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 61
                                                                                                                                                         1




                                                                                                                                        Financial Summary
                                                                                                                                        Ikhtisar Keuangan
                                                                                                                                                      2




                                                                                                                                        Management Report
                                                                                                                                        Laporan Manajemen
                                                                                                                                                      3




                                                                                                                                        Company Profile
                                                                                                                                        Profil Perusahaan
                       •   Independent Commissioner of PT Shield On Service Tbk. (2019 - present)
                       •   Independent Director of PT Cahayaputra Asa Keramik Tbk. (2018)
                       •   Director of Finance & Accounting of PT Shield On Service (2010 – 2015)
                       •   Supporting Director of PT Human Resources Provider (2008 - 2010)
                       •   Commissioner of Bank Perkreditan Rakyat Trisurya Binartha (2008 - 2015)
                       •   Head of Channel Management Division of Bank Internasional Indonesia Branch Office (2006                                   4
                           - 2007)




                                                                                                                              Discussion and Analysis
                                                                                                                              Management
                                                                                                                              Pembahasan Manajemen
                                                                                                                              Analisis dan
                       •   Head of Regional Marketing of Bank BII for West Java and Central Java Regions (2005 – 2006)
                       •   Commissioner of PT MLC Investment Indonesia (2003 – 2005)
                       •   Commissioner of PT BII Finance Center (2002 – 2003)
                       •   Head of Bank Branch BII Juanda (2002 – 2005)
                       •   Head of Planning and Budget Division of Bank BII (2001 – 2002)
                       •   Head of Business Development Division of Bank BII (1999 – 2001)
                       •   Head of Building and Logistics Division of Bank BII (1998 – 1999)
                       •   Head of Internal Audit of Bank BII/SKAI BII (1997 – 1998)
                       •   Deputy Head of Internal Audit of Bank BII (1993 – 1997)
                       •   Head of Bank BII Bogor Branch (1992 – 1993)                                                                               5
                       •   Head of Bank BII Cimahi Branch (1989 – 1991)




                                                                                                                                        Corporate Governance
                                                                                                                                        Tata Kelola Perusahaan
                       •   Account Officer of Bank BII (1987 – 1988)
                       •   Supervisor of Accounting Division of Bank Industri Subsidiary Branch (1985 – 1986)
                       •   Assistant Auditor of Public Accounting Firm R.B Tanubrata (1985)
Rangkap Jabatan        Tidak Ada
Concurrent Positions   None
Kepemilikan Saham      Tidak Ada
Share Ownership        None
Hubungan Afiliasi      Tidak memiliki hubungan afiliasi baik dengan anggota Direksi, anggota Dewan Komisaris lainnya                                 6
Affiliation            maupun dengan pemegang saham pengendali.                                                                         Sustainability Report
                                                                                                                                        Laporan Keberlanjutan
                       Has no affiliation with any member of the Board of Directors, other members of the Board of
                       Commissioners, or controlling shareholders.




                                                                                                                                                       7
                                                                                                                                        Financial Report
                                                                                                                                        Laporan Keuangan




                                                           COMBINED REPORT • PT SHIELD ON SERVICES Tbk                   61
Page 62
PROFIL DIREKSI •
Profile of the Board of Directors




                                                    Hiroshi Iwai
                                                    Direktur Utama
                                                    President Director




 Dasar Hukum Pengangkatan     Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) PT Shield On Service Tbk., Akta
 Legal Basis of Appointment   Notaris No. 94 tanggal 20 Oktober 2023.
                              Extraordinary General Meeting of Shareholders (EGM) Decision of PT Shield On Service Tbk.,
                              Notarial Deed No. 94 dated October 20, 2023.
 Usia                         51 tahun/ years old
 Age
 Kewarganegaraan              Jepang
 Nationality                  Japanese
 Domisili                     Jakarta
 Domicile
 Riwayat Pendidikan           Osaka Metropolitan University (Osaka Prefecture University), Faculty of Economics
 Educational Background
 Riwayat Pekerjaan            •   Direktur Utama PT Shield On Services Tbk. (2023 - sekarang)
 Professional Background      •   Direktur Utama, PT ALSOK BASS Indonesia Security Services (2016 - sekarang)
                              •   Sohgo Security Services CO., LTD. (1997)
                                  - Representative Officer in Singapore, Sohgo Security Services CO., LTD. (2012)
                                  - Deputy Manager, Secretarial Office, General Affairs Dept., Sohgo Security Services
                                      CO.,LTD. (2009)
                                  - Deputy Manager, Investor Relations Office, Corporate Planning & Admin Dept., Sohgo
                                      Security Services CO., LTD. (2007)
                                  - Security Officer, Embassy of Japan in Indonesia, (Seconded to the Ministry of Foreign
                                      Affairs) (2003)

                              •   President Director PT Shield On Services Tbk. (2023 - present)
                              •   President Director, PT ALSOK BASS Indonesia Security Services (2016 - present)
                              •   Sohgo Security Services CO., LTD. (1997)
                                  - Representative Officer in Singapore, Sohgo Security Services CO., LTD. (2012)
                                  - Deputy Manager, Secretarial Office, General Affairs Dept., Sohgo Security Services
                                      CO.,LTD. (2009)
                                  - Deputy Manager, Investor Relations Office, Corporate Planning & Admin Dept., Sohgo
                                      Security Services CO., LTD. (2007)
                                  - Security Officer, Embassy of Japan in Indonesia, (Seconded to the Ministry of Foreign
                                      Affairs) (2003)




62   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 63
                                                                                                                                                       1




                                                                                                                                      Financial Summary
                                                                                                                                      Ikhtisar Keuangan
                                                                                                                                                    2




                                                                                                                                      Management Report
                                                                                                                                      Laporan Manajemen
                                                                                                                                                    3




                                                                                                                                      Company Profile
                                                                                                                                      Profil Perusahaan
Rangkap Jabatan        •   Direktur Utama PT ALSOK BASS Indonesia Security Services (2016 - sekarang)                                              4
Concurrent Positions   •   Direktur Utama PT Human Resources Solution (2023 - sekarang)




                                                                                                                            Discussion and Analysis
                                                                                                                            Management
                                                                                                                            Pembahasan Manajemen
                                                                                                                            Analisis dan
                       •   Direktur Utama PT The Service Line (2024 - sekarang)
                       •   Direktur Utama PT Human Resources Provider (2024 - sekarang)
                       •   Direktur Utama PT SOS Indonesia (2024 - sekarang)
                       •   Direktur Utama PT Master Parking Indonesia (2024 - sekarang)
                       •   Direktur Utama PT Safe Secured Solution (2024 - sekarang)
                       •   Direktur Utama PT Professional Human Resources (2024 - sekarang)

                       •   President Director PT ALSOK BASS Indonesia Security Services (2016 - present)
                       •   President Director PT Human Resources Solution (2023 - present)
                       •   President Director PT The Service Line (2024 - present)                                                                 5
                       •   President Director PT Human Resources Provider (2024 - present)




                                                                                                                                      Corporate Governance
                                                                                                                                      Tata Kelola Perusahaan
                       •   President Director PT SOS Indonesia (2024 - present)
                       •   President Director PT Master Parking Indonesia (2024 - present)
                       •   President Director PT Safe Secured Solution (2024 - present)
                       •   President Director PT Professional Human Resources (2024 - present)
Kepemilikan Saham      Tidak Ada
Share Ownership        None
Hubungan Afiliasi      Tidak memiliki hubungan afiliasi baik dengan anggota Direksi lainnya, anggota Dewan Komisaris
Affiliation            maupun dengan pemegang saham pengendali.
                       Has no affiliation with any member of the Board of Directors, other members of the Board of                                 6
                       Commissioners, or controlling shareholders.                                                                    Sustainability Report
                                                                                                                                      Laporan Keberlanjutan




                                                                                                                                                     7
                                                                                                                                      Financial Report
                                                                                                                                      Laporan Keuangan




                                                       COMBINED REPORT • PT SHIELD ON SERVICES Tbk                     63
Page 64
                                                    Akira Kawamura
                                                    Direktur
                                                    Director




 Dasar Hukum                  Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) PT Shield On Service Tbk., Akta
 Pengangkatan                 Notaris No. 94 tanggal 20 Oktober 2023.
 Legal Basis of Appointment   Extraordinary General Meeting of Shareholders (EGM) Decision of PT Shield On Service Tbk., Notarial
                              Deed No. 94 dated October 20, 2023.
 Usia                         52 tahun/ years old
 Age
 Kewarganegaraan              Jepang
 Nationality                  Japanese
 Domisili                     Jakarta
 Domicile
 Riwayat Pendidikan           B.A. in Economics from Waseda University, Tokyo, Japan
 Educational Background
 Riwayat Pekerjaan            •   Direktur PT Shield On Services Tbk. (2023 - sekarang)
 Professional Background      •   Business Head, Enterprise Banking, PT Bank Danamon Indonesia, Tbk. (2021)
                              •   MD/Head of Internal Control, MUFG Bank, Ltd., Jakarta Branch (2019)
                              •   Strategic Alliance Department, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., MD (2015)
                              •   Senior Manager, Strategic Alliance Department, Mitsubishi UFJ Financial Group, Inc. (2012)
                              •   Director Corporate Advisory Department, Mitsubishi UFJ Securities (USA), Inc., (2010)
                              •   Manager M&A Advisory Department, Mitsubishi UFJ Securities Co., Ltd. (2002)
                              •   Corporate Information Development Division, Tokai Bank, Ltd., Shinjuku Branch (1996)

                              •   Director, PT Shield On Services Tbk. (2023 - present)
                              •   Business Head, Enterprise Banking, PT Bank Danamon Indonesia, Tbk. (2021)
                              •   MD/Head of Internal Control, MUFG Bank, Ltd., Jakarta Branch (2019)
                              •   Strategic Alliance Department, Mitsubishi UFJ Morgan Stanley Securities Co., Ltd., MD (2015)
                              •   Senior Manager, Strategic Alliance Department, Mitsubishi UFJ Financial Group, Inc. (2012)
                              •   Director Corporate Advisory Department, Mitsubishi UFJ Securities (USA), Inc., (2010)
                              •   Manager M&A Advisory Department, Mitsubishi UFJ Securities Co., Ltd. (2002)
                              •   Corporate Information Development Division, Tokai Bank, Ltd., Shinjuku Branch (1996)
 Rangkap Jabatan              •   Direktur PT Human Resources Solution (2023 - sekarang)
 Concurrent Positions         •   Direktur PT The Service Line (2024 - sekarang)
                              •   Direktur PT Human Resources Provider (2024 - sekarang)
                              •   Direktur PT SOS Indonesia (2024 - sekarang)
                              •   Direktur PT Master Parking Indonesia (2024 - sekarang)
                              •   Direktur PT Safe Secured Solution (2024 - sekarang)
                              •   Direktur PT Professional Human Resources (2024 - sekarang)
                              •   Director at PT Human Resources Solution (2023 - present)
                              •   Director at PT The Service Line (2024 - present)
                              •   Director at PT Human Resources Provider (2024 - present)
                              •   Director at PT SOS Indonesia (2024 - present)
                              •   Director at PT Master Parking Indonesia (2024 - present)
                              •   Director at PT Safe Secured Solution (2024 - present)
                              •   Director at PT Professional Human Resources (2024 - present)
 Kepemilikan Saham            Tidak Ada
 Share Ownership              None
 Hubungan Afiliasi            Tidak memiliki hubungan afiliasi baik dengan anggota Direksi lainnya, anggota Dewan Komisaris
 Affiliation                  maupun dengan pemegang saham pengendali.
                              Has no affiliation with any member of the Board of Directors, other members of the Board of
                              Commissioners, or controlling shareholders.


64      COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 65
                                                                                                                                                                   1




                                                                                                                                                  Financial Summary
                                                                                                                                                  Ikhtisar Keuangan
                                                                                                                                                                2




                                                                                                                                                  Management Report
                                                                                                                                                  Laporan Manajemen
                                                    Ryoji Hamasaki
                                                    Direktur
                                                    Director
                                                                                                                                                                3




                                                                                                                                                  Company Profile
                                                                                                                                                  Profil Perusahaan
Dasar Hukum                  Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) PT Shield On Service Tbk., Akta
Pengangkatan                 Notaris No. 94 tanggal 20 Oktober 2023.
Legal Basis of Appointment   Extraordinary General Meeting of Shareholders (EGM) Decision of PT Shield On Service Tbk., Notarial
                             Deed No. 94 dated October 20, 2023.
Usia                         46 tahun/ years old
Age                                                                                                                                                            4




                                                                                                                                        Discussion and Analysis
                                                                                                                                        Management
                                                                                                                                        Pembahasan Manajemen
                                                                                                                                        Analisis dan
Kewarganegaraan              Jepang
Nationality                  Japanese
Domisili                     Jakarta
Domicile
Riwayat Pendidikan           Tokai University Sagami Senior High School
Educational Background
Riwayat Pekerjaan            •   Direktur PT Shield On Service Tbk. (2023 - sekarang)
Professional Background      •   Sohgo Security Services CO., LTD. (1997)
                                 - Asisten Manajer Layanan Keamanan yang Ditempatkan, Sohgo Security Services CO., LTD.                                        5
                                     (2020 - 2023)




                                                                                                                                                  Corporate Governance
                                                                                                                                                  Tata Kelola Perusahaan
                                 - Konsultan Keamanan di Kedutaan Besar Jepang di Malaysia (2018)
                                 - Asisten Manajer Departemen Penjualan Publik, Sohgo Security Services CO., LTD. (2016)
                                 - Atase kedua di Kedutaan Besar Jepang di Uganda (2013)
                                 - Manajer bagian Teknis di kantor cabang Tama, Sohgo Security Services CO., LTD. (2010)
                                 - Spesialis Keamanan di Kedutaan Besar Jepang di Fiji (2006)

                             •   Director of PT Shield On Service Tbk. (2023 - present)
                             •   Sohgo Security Services CO. LTD. (1997)
                                 - Assistant Manager of Stationed Security Service, Sohgo Security Services CO. LTD. (2020                                     6
                                     - 2023)                                                                                                      Sustainability Report
                                                                                                                                                  Laporan Keberlanjutan
                                 - Security Consultant at the Embassy of Japan in Malaysia (2018)
                                 - Assistant Manager of Public Sales Department, Sohgo Security Services CO. LTD. (2016)
                                 - Second Attaché at the Embassy of Japan in Uganda (2013)
                                 - Manager of Technical section at Tama branch office, Sohgo Security Services CO. LTD. (2010)
                                 - Security Specialist at the Embassy of Japan in Fiji (2006)
Rangkap Jabatan              Tidak Ada
Concurrent Positions         None
Kepemilikan Saham            Tidak Ada
Share Ownership              None                                                                                                                                7
                                                                                                                                                  Financial Report
                                                                                                                                                  Laporan Keuangan




Hubungan Afiliasi            Tidak memiliki hubungan afiliasi baik dengan anggota Direksi lainnya, anggota Dewan Komisaris
Affiliation                  maupun dengan pemegang saham pengendali.
                             Has no affiliation with any member of the Board of Directors, other members of the Board of
                             Commissioners, or controlling shareholders.




                                                                  COMBINED REPORT • PT SHIELD ON SERVICES Tbk                      65
Page 66
                                                     Djono Karjadi
                                                     Direktur
                                                     Director




 Dasar Hukum                  Keputusan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) PT Shield On Service Tbk., Akta
 Pengangkatan                 Notaris No. 94 tanggal 20 Oktober 2023.
 Legal Basis of Appointment   Extraordinary General Meeting of Shareholders (EGM) Decision of PT Shield On Service Tbk., Notarial
                              Deed No. 94 dated October 20, 2023.
 Usia                         59 tahun/ years old
 Age
 Kewarganegaraan              Indonesia
 Nationality                  Indonesian
 Domisili                     Jakarta
 Domicile
 Riwayat Pendidikan           Sarjana Antropologi, Fakultas Sosial dan Politik, Universitas Indonesia (1989)
 Educational Background       Bachelor of Anthropology, Faculty of Social and Political Sciences, University of Indonesia (1989)
 Riwayat Pekerjaan            •   Head of Japanese Relations, PT Bumi Serpong Damai, pengembang properti, sebagai Kepala
 Professional Background          Pengembangan Komersial Korporat (2014 - sekarang)
                              •   General Manager, PT AEON Mall Indonesia, pengembang pusat perbelanjaan dari Jepang (2011)
                              •   Business Development Manager/Senior Advisor, PT Teguh Bersama Sejahtera, pemegang
                                  waralaba utama “MUJI”/MUJIRUSHI RYOHIN di Indonesia (2009)
                              •   Regional Manager, Japan Travel Bureau Asia PTE. LTD., Perusahaan Induk Agen Perjalanan/
                                  Operator Darat (Kantor Pusat Asia), mengawasi seluruh Operasi JTB di Asia (2000)
                              •   IT & Planning Manager, PT Japan Travel Bureau Indonesia, Agen Perjalanan/Operator Darat, anak
                                  perusahaan lokal (kantor cabang) di bawah Japan Travel Bureau, Jepang (1998)
                              •   General Manager, PT Saka Dwi Dewata, Pengembang Pusat Perbelanjaan “Kuta Centre
                                  – International Market Place”, anak perusahaan Antara Group (1998)
                              •   Japanese Sales Manager, PT Geria Wijaya Prestige, pemilik Hotel “Sol Elite Paradiso” (nama
                                  sekarang: Kuta Paradiso Hotel), anak perusahaan Antara Group (1998)
                              •   Managing Director (Kantor Pusat), PT Auto Bahn Mandiri, Retail/Aksesoris Mobil (1997)
                              •   Retail/Department Store Deputy Division Head, Property Marketing & Home Center Division
                                  (Kantor Pusat) Matahari Putra Prima (1993)
                              •   Project Marketing Div. Ex Corporation Inc., City Planning, Research & Consulting, sebagai
                                  Perencana (1989)




66      COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 67
                                                                                                                                                                 1




                                                                                                                                                Financial Summary
                                                                                                                                                Ikhtisar Keuangan
                                                                                                                                                              2




                                                                                                                                                Management Report
                                                                                                                                                Laporan Manajemen
                                                                                                                                                              3




                                                                                                                                                Company Profile
                                                                                                                                                Profil Perusahaan
                       •   Head of Japanese Relations, PT Bumi Serpong Damai, property developer, as Corporate Head of
                           Commercial Development (2014 - present)
                       •   General Manager, PT AEON Mall Indonesia, shopping Mall developer from Japan (2011)
                       •   Business Development Manager/Senior Advisor, PT Teguh Bersama Sejahtera, master franchisee
                           of “MUJI”/ MUJIRUSHI RYOHIN in Indonesia (2009)
                       •   Regional Manager, Japan Travel Bureau Asia PTE. LTD., Holding Company of Travel Agent/Land                                        4
                           Operator (Asia Headquarter), overseeing the whole JTB Operations in Asia (2000)




                                                                                                                                      Discussion and Analysis
                                                                                                                                      Management
                                                                                                                                      Pembahasan Manajemen
                                                                                                                                      Analisis dan
                       •   IT & Planning Manager, PT Japan Travel Bureau Indonesia, Travel Agent/Land Operator, local
                           subsidiary company (branch office) under Japan Travel Bureau, Japan (1998)
                       •   General Manager, PT Saka Dwi Dewata, Shopping Center Developer of “Kuta Centre –
                           International Market Place”, subsidiary company of Antara Group (1998)
                       •   Japanese Sales Manager, PT Geria Wijaya Prestige, owner of “Sol Elite Paradiso” Hotel (present
                           name: Kuta Paradiso Hotel), subsidiary company of Antara Group (1998)
                       •   Managing Director (Head Office), PT Auto Bahn Mandiri, Retail/Car Accessories (1997)
                       •   Retail / Department Store Deputy Division Head, Property Marketing & Home Center Division
                           (Head Office) Matahari Putra Prima (1993)
                       •   Project Marketing Div. Ex Corporation Inc., City Planning, Research & Consulting, as Planner (1989)                               5
Rangkap Jabatan        Tidak Ada




                                                                                                                                                Corporate Governance
                                                                                                                                                Tata Kelola Perusahaan
Concurrent Positions   None
Kepemilikan Saham      Tidak Ada
Share Ownership        None
Hubungan Afiliasi      Tidak memiliki hubungan afiliasi baik dengan anggota Direksi lainnya, anggota Dewan Komisaris
Affiliation            maupun dengan pemegang saham pengendali.
                       Has no affiliation with any member of the Board of Directors, other members of the Board of
                       Commissioners, or controlling shareholders.
                                                                                                                                                             6
                                                                                                                                                Sustainability Report
                                                                                                                                                Laporan Keberlanjutan




                                                                                                                                                               7
                                                                                                                                                Financial Report
                                                                                                                                                Laporan Keuangan




                                                            COMBINED REPORT • PT SHIELD ON SERVICES Tbk                          67
Page 68
INFORMASI HUBUNGAN AFILIASI, RANGKAP
JABATAN, DAN KEPEMILIKAN SAHAM •
Information on Affiliations,
Concurrent Positions, and Share Ownership

                                                                          Hubungan Kepengurusan di Perusahaan
                                Hubungan Keluarga dengan Organ
                                                                                           lain
                                             Perusahaan
                                                                             Managerial Relationships in Other
                             Familial Relationship with Company Organs
                                                                                        Company

     Nama      Jabatan         Dewan                                         Dewan
                                               Direksi      Pemegang                       Direksi     Pemegang
     Name      Position       Komisaris                                     Komisaris
                                              Board of       Saham                        Board of       Saham
                               Board of                                      Board of
                                              Directors    Shareholders                   Directors   Shareholders
                            Commissioners                                 Commissioners

                            Ya      Tidak   Ya     Tidak   Ya    Tidak    Ya     Tidak    Ya Tidak Ya       Tidak
                            Yes      No     Yes     No     Yes    No      Yes     No      Yes No   Yes       No
 Motohisa    Komisaris
 Suzuki      Utama
                                      √              √             √       √              √                   √
             President
             Commissioner
 Maya        Komisaris
                                      √              √             √       √                    √             √
 Osaki       Commissioner
 Herman      Komisaris
                                      √              √             √       √              √                   √
 Julianto    Commissioner
 Azusa       Komisaris
 Mihara      Independen
                                      √              √             √              √       √                   √
             Independent
             Commissioner
 Supratman   Komisaris
 Gunawan     Independen
                                      √              √             √              √             √             √
             Independent
             Commissioner
 Hiroshi     Direktur
 Iwai        Utama
                                      √              √             √              √       √                   √
             President
             Director
 Akira       Direktur
                                      √              √             √              √       √                   √
 Kawamura    Director
 Ryoji       Direktur
                                      √              √             √              √             √             √
 Hamasaki    Director
 Djono       Direktur
                                      √              √             √              √             √             √
 Karjadi     Director




68    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 69
PENDIDIKAN DAN/ATAU PELATIHAN DEWAN
KOMISARIS, DIREKSI, KOMITE-KOMITE,                                                                                                                1

SEKRETARIS PERUSAHAAN, DAN UNIT AUDIT




                                                                                                                                 Financial Summary
                                                                                                                                 Ikhtisar Keuangan
INTERNAL • Education and/or Training for the Board of
Commissioners, Board of Directors, Committees, Corporate
Secretary, and Internal Audit Unit
                                                                                                                                               2
                                      Nama Pelatihan/




                                                                                                                                 Management Report
                                                                                                                                 Laporan Manajemen
     Nama                Jabatan     Seminar/ Lokakarya          Penyelenggara        Tempat           Tanggal
     Name                Position     Training/Seminar/            Organizer          Location          Date
                                      Workshop Names
Dewan Komisaris
Board of Commissioners
Motohisa Suzuki    Komisaris Utama   Corporate Member           JAPAN INDONESIA   Imperial Hotel   10 Juli 2024                                3
                   President         Seminar                    ASSOCIATION,                       July 10,2024




                                                                                                                                 Company Profile
                                                                                                                                 Profil Perusahaan
                   Commissioners     “Japan's Cooperation       INC(JAPINDA)
                                     with Indonesia in a
                                     Complex Crisis”
                                     Akihiko Tanaka,
                                     President of the Japan
                                     International
                                     Cooperation
Sekretaris Perusahaan                                                                                                                         4
Corporate Secretary




                                                                                                                       Discussion and Analysis
                                                                                                                       Management
                                                                                                                       Pembahasan Manajemen
                                                                                                                       Analisis dan
Hans T.            Corporate         Sosialisasi Peraturan      KSEI              Zoom             3 Juni 2024
Kurniantoro        Secretary         KSEI Nomor VI-D                                               June 3, 2024
                                     tentang Biaya Layanan
                                     Jasa Sistem Electronic
                                     General Meeting System
                                     KSEI (eASY.KSEI)
                                     Socialization of KSEI
                                     Regulation No. VI-D
                                     concerning Service Fee                                                                                   5
                                     for the KSEI Electronic




                                                                                                                                 Corporate Governance
                                                                                                                                 Tata Kelola Perusahaan
                                     General Meeting System
                                     (eASY.KSEI)




                                                                                                                                              6
                                                                                                                                 Sustainability Report
                                                                                                                                 Laporan Keberlanjutan




                                                                                                                                                7
                                                                                                                                 Financial Report
                                                                                                                                 Laporan Keuangan




                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk        69
Page 70
STRUKTUR DAN KOMPOSISI PEMEGANG SAHAM •
Structure and Composition of Shareholders
                                 Struktur dan Komposisi Pemegang Saham dan Persentase
                                  Kepemilikan Saham Perusahaan per 31 Desember 2024
                       Structure and Composition of Shareholders and Percentage of Share Ownership
                                          of the Company as of December 31, 2024
 PT ALSOK BASS Indonesia Security Services                                  79,33%
 PT Puragraha Dianpertiwi                                                   12,51%
 PT Inlife                                                                  5,00%
 Masyarakat                                                                 3,16%
 Public



          PT ALSOK BASS                   PT Puragraha                                                      Masyarakat
                                                                             PT Inlife
 Indonesia Security Services               Dianpertiwi                                                        Public


                   79,33%                         12,51%                             5,00%                          3,16%




                                          Januari 2024                                           Desember 2024
                                          January 2024                                           December 2024

      Pemegang                                             Persentase                                             Persentase
       Saham               Jumlah         Jumlah (Rp       Kepemilikan      Jumlah Saham           Jumlah (Rp     Kepemilikan
     Shareholders          Saham             Juta)           Saham             (Lembar)               Juta)         Saham
                          (Lembar)         Total (Rp          Share           Number of             Total (Rp        Share
                         Number of          Million)        Ownership        Share (Share)           Million)      Ownership
                        Share (Share)                      Percentage                                             Percentage
 PT ALSOK BASS
 Indonesia                  634.156.300        63.416             79,33%        634.156.300              63.416          79,33%
 Security Services
 PT Puragraha
                          100.000.000          10.000              12,51%      100.000.000               10.000          12,51%
 Dianpertiwi
 PT Inlife                  39.999.900          4.000              5,00%        39.999.900               4.000           5,00%
 PT Nusantara
                            20.000.100          2.000              2,50%        20.000.100               2.000           2,50%
 Suryamukti
 Masyarakat
                              5.257.931          525               0,66%             5.257.931             525           0,66%
 Public
 Total                      799.414.231        79.941            100,00%        799.414.231              79.941        100,00%




KOMPOSISI 20 PEMEGANG SAHAM TERBESAR •
Composition of the Top 20 Shareholders

                                                                           Per 31 Desember 2024
                                                                          As of December 31, 2024
                   Pemegang Saham
     No              Shareholders                Jumlah Saham                                             Persentase
                                                                      Jumlah (Rp Juta)
                                                    (Lembar)                                           Kepemilikan Saham
                                              Number of Share (Share) Total (Rp Million)           Share Ownership Percentage
     1       PT. ALSOK BASS Indonesia
                                                            634,156,300                  63,416                          79.33%
             Security Services
     2       PT PURAGRAHA DIAN PERTIWI                      100,000,000                  10,000                          12.51%


70        COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 71
                                                                       Per 31 Desember 2024
                                                                      As of December 31, 2024
               Pemegang Saham                                                                                                                            1
 No              Shareholders               Jumlah Saham                                           Persentase
                                                                 Jumlah (Rp Juta)




                                                                                                                                        Financial Summary
                                                                                                                                        Ikhtisar Keuangan
                                               (Lembar)                                         Kepemilikan Saham
                                         Number of Share (Share) Total (Rp Million)         Share Ownership Percentage
 3     PT INLIFE                                        39,999,900                  4,000                         5.00%
 4     PT NUSANTARA SURYAMUKTI                          20,000,100                  2,000                         2.50%
 5     USMAN                                             3,008,300                    301                         0.38%
 6     DR. KISHORE KUMAR                                   160,000                     16                         0.02%                               2




                                                                                                                                        Management Report
                                                                                                                                        Laporan Manajemen
 7     BENNY YAUW, SE                                      150,000                     15                         0.02%
 8     EDDY CALEO                                          140,000                     14                         0.02%
 9     PT MAGMUS TEKNOLOGI
                                                            131,700                    13                         0.02%
       NUSANTARA
 10    CLARA SULAIMAN                                       131,000                    13                         0.02%
 11    LILY WULANDARI                                      129,600                     13                         0.02%
                                                                                                                                                      3
 12    NYOTO SUKOTJO                                       100,000                     10                         0.01%




                                                                                                                                        Company Profile
                                                                                                                                        Profil Perusahaan
 13    DR.KISHORE KUMAR                                     90,000                     9                          0.01%
 14    THESIA YUNNISA FRIEDOLYU                             74,300                      7                         0.01%
 15    TONY VARLIANDO KARUNA                                63,000                     6                          0.01%
 16    YUDHA WITANTO                                        62,700                     6                          0.01%
 17    RAMLAN TANJUNG                                       50,000                     5                          0.01%
                                                                                                                                                     4
 18    ATIK NURYANI                                         45,600                     5                          0.01%




                                                                                                                              Discussion and Analysis
                                                                                                                              Management
                                                                                                                              Pembahasan Manajemen
                                                                                                                              Analisis dan
 19    ALEKSANDAR CHANDRA                                   40,000                     4                          0.01%
 20    HAFIDH MADANY                                        37,500                     4                          0.00%




RINCIAN PEMEGANG SAHAM DAN PERSENTASE
KEPEMILIKAN • Details on the Shareholders and Ownership                                                                                              5
Percentage




                                                                                                                                        Corporate Governance
                                                                                                                                        Tata Kelola Perusahaan
                                                                                                Persentase Kepemilikan
                       Pemegang Saham                              Jumlah Saham                         Saham
No
                         Shareholders                             Number of Shares                 Share Ownership
                                                                                                      Percentage
 1    Pemegang Saham yang Memiliki 5% atau Lebih Saham
      Shareholders Holding 5% or More of Shares                                                                                                      6
                                                                                                                                        Sustainability Report
                                                                                                                                        Laporan Keberlanjutan
       PT ALSOK BASS Indonesia Security Services                               634.156.300                       79,33%
       PT Puragraha Dianpertiwi                                               100.000.000                         12,51%
       PT Inlife                                                               39.999.900                         5,00%
 2    Anggota Direksi dan Anggota Dewan Komisaris yang Memiliki Saham
      Members of the Board of Directors and Board of Commissioners Who Own Shares
       Board of Commissioners                                                               0                        0%
       Board of Directors                                                                   0                        0%
                                                                                                                                                       7
 3    Kelompok Pemegang Saham Masyarakat yang Memiliki Kurang Dari 5% Saham
                                                                                                                                        Financial Report
                                                                                                                                        Laporan Keuangan




      Minority Shareholders Holding Less than 5% of Shares
       Masyarakat
                                                                                25.258.031                        3,16%
       Public
      Jumlah
                                                                               799.414.231                      100,00%
      Total




                                                             COMBINED REPORT • PT SHIELD ON SERVICES Tbk                 71
Page 72
KEPEMILIKAN SAHAM BERDASARKAN KLASIFIKASI •
Share Ownership Based on Classification

                                                                                                      Persentase Kepemilikan
        Pemegang Saham                 Jumlah Investor                 Jumlah Saham                           Saham
          Shareholders                Number of Investor              Number of Shares                   Share Ownership
                                                                                                            Percentage
 Pemodal Nasional
 Domestic Investors
     Institusi
                                                              5                    794.162.300                            99,34%
     Institution
     Individu
                                                           609                         5.216.131                           0,65%
     Individual
 Pemodal Asing
 Foreign Investors
     Institusi
                                                              2                          34.800                           0,00%
     Institution
     Individu
                                                              1                           1.000                           0,00%
     Individual
 Jumlah
                                                            617                    799.414.231                           100,00%
 Total



INFORMASI TENTANG PEMEGANG SAHAM UTAMA •
Information regarding Controlling Shareholder




PT ALSOK BASS Indonesia Security Services adalah anak             PT ALSOK BASS Indonesia Security Services is a subsidiary
perusahaan dari Sohgo Security Services Co., Ltd. (alias ALSOK)   of Sohgo Security Services Co., Ltd. (a.k.a ALSOK) a Japanese
sebuah perusahaan Jepang dengan pengalaman lebih dari             company with over 50 years of experience in the security
50 tahun di sektor jasa keamanan, menyediakan sistem              services sector, providing security systems in Indonesia since
keamanan di Indonesia sejak 2013. Sejak tahun 2016 mulai          2013. Since 2016, the company has expanded its services to
menyediakan berbagai layanan keamanan lainnya seperti             include security guards and online security. With several
penjaga keamanan dan keamanan online. Perusahaan memiliki         offices across Asia, the company specializes in various security
beberapa kantor di seluruh Asia dan mengkhususkan diri dalam      services, including security personnel, alarm systems, CCTV,
berbagai layanan keamanan seperti petugas keamanan, sistem        access control systems, AED, and more.
alarm, CCTV, sistem kontrol akses, AED, dll.

Dewan Komisaris                                                   Board of Commissioners
Komisaris Utama : Motohisa Suzuki                                 President Commissioner           : Motohisa Suzuki

Direksi                                                           Board of Directors
Direktur Utama        : Hiroshi Iwai                              President Director               : Hiroshi Iwai
Direktur 		           : Yoshinobu Nagao                           Director 			                     : Yoshinobu Nagao
Direktur 		           : Jun Taguchi                               Director 			                     : Jun Taguchi
Direktur 		           : Nurhayati Amagasa                         Director 			                     : Nurhayati Amagasa
Direktur 		           : Safran                                    Director 			                     : Safran
% Kepemilikan         : 79,33%                                    % Ownership 		                   : 79,33%


72      COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 73
ENTITAS ANAK DAN ENTITAS ASOSIASI •
Subsidiaries and Associate Entities                                                                                                                      1




                                                                                                                                        Financial Summary
                                                                                                                                        Ikhtisar Keuangan
                                                                                                    Total Aset (Rp
        Nama                                        Kepemilikan         Tahun          Status            Juta)
                                 Bidang Usaha
     Perusahaan        Alamat                         Saham           Pendirian      Operasional    Total Asset (Rp
No                                   Line of
      Company          Address                         Share           Date of       Operational        Million)
                                    Business
        Name                                         Ownership      Establishment      Status
                                                                                                   2024       2023                                    2




                                                                                                                                        Management Report
                                                                                                                                        Laporan Manajemen
                                       Daftar Entitas Anak Kepemilikan Langsung
                                           List of Directly Owned Subsidiaries
 1   PT The Service    Jakarta   Jasa Kebersihan
                                                                                      Beroperasi
     Line (TSL)                  Cleaning             99,99%            2007                       87.763    100.085
                                                                                      Operating
                                 Services
 2   PT Master         Jakarta   Jasa
     Parking                     Manajemen                                            Beroperasi
                                                      99,94%            2009                       20.525     13.572                                  3
     Indonesia (MPI)             Parkir                                               Operating




                                                                                                                                        Company Profile
                                                                                                                                        Profil Perusahaan
                                 Parking Services
 3   PT Safe           Jakarta   Jasa Penyedia
     Secured                     Sumber Daya
     Solution (SSS)              Manusia                                              Beroperasi
                                                      99,47%            2009                       8.609      7.690
                                 Human                                                Operating
                                 Resources
                                 Provider
                                                                                                                                                     4
 4   PT Human          Jakarta   Jasa Penyedia




                                                                                                                              Discussion and Analysis
                                                                                                                              Management
                                                                                                                              Pembahasan Manajemen
                                                                                                                              Analisis dan
     Resources                   Sumber Daya
     Provider (HRP)              Manusia                                              Beroperasi
                                                      51,52%            2009                       204.170   170.145 1
                                 Human                                                Operating
                                 Resources
                                 Provider
 5   PT Professional   Jakarta   Jasa Penyedia
     Human                       Sumber Daya
     Resources                   Manusia                                              Beroperasi
                                                      80,00%            2007                       24.311    27.287
     (PHR)                       Human                                                Operating
                                 Resources                                                                                                           5
                                 Provider




                                                                                                                                        Corporate Governance
                                                                                                                                        Tata Kelola Perusahaan
 6   PT SOS            Jakarta   Jasa
     Indonesia (SIN)             Manajemen
                                 Lainnya                                              Beroperasi
                                                      99,97%            2009                       6.444     8.084 8
                                 Other                                                Operating
                                 Management
                                 Services
                                    Daftar Entitas Anak Kepemilikan Tidak Langsung
                                           List of Indirectly Owned Subsidiaries
                                                                                                                                                     6
 1   PT Human          Jakarta   Jasa Penyedia                                                                                          Sustainability Report
                                                                                                                                        Laporan Keberlanjutan
     Resources                   Sumber Daya
     Solution (HRS)              Manusia                                              Beroperasi
                                                      80,00%            2009                        6.176     5.361
                                 Human                                                Operating
                                 Resources
                                 Provider




                                                                                                                                                       7
                                                                                                                                        Financial Report
                                                                                                                                        Laporan Keuangan




                                                            COMBINED REPORT • PT SHIELD ON SERVICES Tbk                  73
Page 74
STRUKTUR GRUP PERUSAHAAN •
Company Group Structure

     PT ALSOK BASS                   PT Puragraha                                                    Masyarakat
                                                                       PT Inlife
 Indonesia Security Services          Dianpertiwi                                                      Public


               79,33%                        12,51%                         5,00%                             3,16%




          80,00%                 99,93%             99,99%            99,43%                99,54%               54,52%

        PHR                    SIN             TSL                  SSS                   MPI                  HRP


          80,00%                 20,00%

        HRS




KRONOLOGIS PENCATATAN SAHAM •
Chronology of Stock Listing

PT Shield On Service Tbk. merupakan perusahaan alih daya     PT Shield On Service Tbk became the first outsourcing
pertama di Indonesia yang mencatatkan sahamnya di Bursa      company in Indonesia to be listed on the Indonesia Stock
Efek Indonesia. Pada tanggal 25 Oktober 2018, Perseroan      Exchange. On October 25, 2018, the Company received an
memperoleh surat pernyataan efektif No. S-151/D.04/2018      effective statement No. S-151/D.04/2018 from the Financial
dari Otoritas Jasa Keuangan (OJK) untuk melakukan            Services Authority (OJK) to conduct an initial public offering
penawaran umum saham kepada masyarakat sebanyak              (IPO) of 150,000,000 shares, representing 23% of the total
150.000.000 saham atau sebanyak 23% dari jumlah saham        issued and fully paid-up shares, with a nominal value of Rp100
yang ditempatkan dan disetor penuh dengan nilai nominal      per share and an offering price of Rp275 per share,
Rp100 per saham dengan harga penawaran Rp275 per             accompanied by the issuance of 150,000,000 Series I Warrants,
saham disertai dengan penerbitan Waran Seri I sebanyak       which were given free of charge with a nominal value of
150.000.000 yang diberikan secara cuma-cuma dengan           Rp100 per share and an exercise price of Rp340 per share.
nilai nominal Rp100 setiap saham dengan harga pelaksanaan
Rp340 setiap saham.

Setelah pelaksanaan IPO ini, komposisi pemegang saham        Following the IPO, the Company's shareholding structure
perseroan menjadi PT Puragraha Dianpertiwi 31,65%, PT        became as follows: PT Puragraha Dianpertiwi 31.65%, PT
Nusantara Suryamukti 26,04%, PT Inlife 19,23%, dan           Nusantara Suryamukti 26.04%, PT Inlife 19.23%, and the public
masyarakat 23,08%. Hasil dari IPO digunakan Perseroan        23.08%. The proceeds from the IPO were used to repay AB
sekitar 71,23% untuk pelunasan utang AB Sinarmas             Sinarmas Multifinance debt by approximately 71.23%, invest
Multifinance, 20,61% untuk penyertaan saham pada PT          in PT Human Resource Provider (HRP) with approximately
Human Resource Provider (HRP) dan 8,16% untuk modal          20.61% of the proceeds, and allocate approximately 8.16%
kerja.                                                       to working capital.




74   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 75
KRONOLOGI PENCATATAN EFEK/OBLIGASI •
Chronology of Securities/Bonds Listing                                                                                                                           1




                                                                                                                                                Financial Summary
                                                                                                                                                Ikhtisar Keuangan
Pada tahun 2018, Perseroan menerbitkan Waran Seri I              In 2018, the Company issued 150,000,000 Series I Warrants,
sebanyak 150.000.000 yang diberikan secara cuma-cuma             which were given free of charge with a nominal value of
dengan nilai nominal Rp100 setiap saham dengan harga             Rp100 per share and an exercise price of Rp340 per share.
pelaksanaan Rp340 setiap saham. Jangka waktu pelaksanaan         The exercise period for these warrants is 5 (five) years.
waran ini selama 5 (lima) tahun.
                                                                                                                                                              2




                                                                                                                                                Management Report
                                                                                                                                                Laporan Manajemen
KANTOR AKUNTAN PUBLIK •
Public Accounting Firm
Dalam keputusan RUPS tanggal 21 Juni 2024, Perseroan             At the Annual General Meeting of Shareholders held on June
menunjuk Kantor Akuntan Publik Mirawati Sensi Idris sebagai      21, 2024, the Company appointed Mirawati Sensi Idris as the                                  3




                                                                                                                                                Company Profile
                                                                                                                                                Profil Perusahaan
Kantor Akuntan Publik yang akan mengaudit Laporan                Public Accounting Firm to audit the Company's financial
Keuangan Perseroan yang sedang berjalan dan akan berakhir        statements for the current financial year ending on December
pada tanggal 31 Desember 2024 dan memastikan integritas          31, 2024, ensuring the integrity of the financial reporting to
penyajian laporan keuangan kepada pemegang saham.                shareholders.

Dalam 3 (tiga) tahun terakhir, SOS telah menunjuk Kantor         Over the past three years, SOS has appointed the following
Akuntan Publik sebagai berikut:                                  Public Accounting Firms                                                                     4




                                                                                                                                      Discussion and Analysis
                                                                                                                                      Management
                                                                                                                                      Pembahasan Manajemen
                                                                                                                                      Analisis dan
   Periode          Nama dan Alamat KAP
                                                    Nama Auditor          Jasa yang Diberikan                  Opini
  Penugasan         Public Accounting Firm
                                                    Auditor Name           Services Provided                  Opinion
  Duty Period        Name and Address
                 Mirawati Sensi Idris                                 Mengaudit Laporan Keuangan
                 Gedung EightyEight Casablanca                        Perseroan yang berakhir pada
                                                                                                             Wajar tanpa
                 Lantai 20 Unit A                                     tanggal 31 Desember 2024
                                                                                                            pengecualian
     2024        Jl. Casablanca, Kav. 88, Menteng      Mulyadi        Auditing the Company’s
                                                                                                          Fair in All Material                               5
                 Dalam, Tebet, Jakarta selatan -                      Financial Statements, which
                                                                                                               Respects
                 12870                                                concluded on December 31,




                                                                                                                                                Corporate Governance
                                                                                                                                                Tata Kelola Perusahaan
                                                                      2024
                 Joachim Adhi Piter Poltak dan                        Mengaudit Laporan Keuangan
                 Rekan                                                Perseroan yang berakhir pada
                 Graha Mandiri Lantai 24                              tanggal 31 Desember 2023               Wajar tanpa
                 Jl. Imam Bonjol 61 Jakarta Pusat                     Auditing the Company’s                pengecualian
     2023                                            Ryanto Piter
                 10310                                                Financial Statements, which         Fair in All Material
                 Telp : (021) 392 7208; 230 1058                      concluded on December 31,                Respects
                 Fax : (021) 392 7192                                 2023
                 Webite : www.lea-id.com                                                                                                                     6
                                                                                                                                                Sustainability Report
                 Joachim Adhi Piter Poltak dan                        Mengaudit Laporan Keuangan                                                Laporan Keberlanjutan

                 Rekan                                                Perseroan yang berakhir pada
                 Graha Mandiri Lantai 24                              tanggal 31 Desember 2022               Wajar tanpa
                 Jl. Imam Bonjol 61 Jakarta Pusat                     Auditing the Company’s                pengecualian
     2022                                            Ryanto Piter
                 10310                                                Financial Statements, which         Fair in All Material
                 Telp : (021) 392 7208; 230 1058                      concluded on December 31,                Respects
                 Fax : (021) 392 7192                                 2022
                 Webite : www.lea-id.com

                                                                                                                                                               7
Jasa Lain yang Diberikan Kantor Akuntan                          Other Services Provided by the Public
                                                                                                                                                Financial Report
                                                                                                                                                Laporan Keuangan




Publik                                                           Accounting Firm

Pada periode tahun buku 2024, tidak ada jasa lain yang           In the 2024 financial year, no other services were provided
diberikan oleh Kantor Akuntan Publik Mirawati Sensi Idris        by the Public Accounting Firm Mirawati Sensi Idris beyond
selain jasa audit laporan keuangan tahunan kepada                the annual financial statement audit services to the Company.
Perseroan.




                                                                 COMBINED REPORT • PT SHIELD ON SERVICES Tbk                     75
Page 76
LEMBAGA PROFESI/PENUNJANG •
Professional Institutions/Supporting Bodies


                                                  Biro Admistrasi Efek
                                             Securities Administration Bureau
 Nama                             PT Sinartama Gunita
 Name
 Alamat                           Menara Tekno Lantai 7, Jl. Fachrudin No. 19, RT 01 / RW 07, Kelurahan Kampung Bali,
 Address                          Kecamatan Tanah Abang, Jakarta Pusat 10250
 Jasa yang Diberikan              Membantu Perseroan dalam pencatatan saham SOSS
 Service Provided                 Facilitating the Company in the listing of SOSS shares.
 Periode Penugasan                Tahun 2024
 Duty Period                      Year 2024


                                                           Notaris
                                                           Notary
 Nama                             DR Sugih Haryati, SH, M Kn
 Name
 Alamat                           Jl. RC Veteran Bintaro Raya No. 11A, Kelurahan Bintaro, Kecamatan Pesanggrahan, Jakarta
 Address                          Selatan
 Jasa yang Diberikan              Pengesahan Akta berita acara Rapat Umum Pemegang Saham Tahunan (RUPST) 2024
 Service Provided                 Ratification of the Deed of Minutes of the 2024 Annual General Meeting of Shareholders (AGMS)
 Periode Penugasan                Tahun 2024
 Duty Period                      Year 2024


SITUS WEB SOS • SOS Website

Penerapan keterbukaan informasi di Perseroan mengacu             The Company's disclosure of information adheres to the
kepada Peraturan Otoritas Jasa Keuangan No. 8/ POJK.04/2015      Financial Services Authority Regulation No. 8/POJK.04/2015
tentang Situs Web Perusahaan Publik dan Emiten. Berdasarkan      concerning the Website of Public Companies. Based on this
ketentuan tersebut, perusahaan diwajibkan memuat informasi       regulation, the company is required to provide and regularly
yang dipersyaratkan dan senantiasa dimutakhirkan secara          update the required information on its website, which is
berkala dari tahun ke tahun dengan memperhatikan 4 (empat)       divided into four main sections:
bagian utama informasi yang wajib dimuat pada website
perusahaan, yaitu:
    1. Informasi umum emiten atau perusahaan publik;                 1. General information about the public company or
                                                                        issuer;
     2. Informasi bagi pemodal atau investor;                        2. Information for investors;
     3. Informasi tata kelola perusahaan;                            3. Corporate governance information; and
     4. Informasi tanggung jawab sosial perusahaan.                  4. Corporate social responsibility information.

Situs Web SOS beralamat di https//www.sos.co.id dan              SOS's website, located at https://www.sos.co.id, is used as
dipergunakan sebagai alat untuk mempromosikan produk             a tool to promote the products and services offered. It features
dan jasa yang ditawarkan. Memiliki desain penyajian yang         an attractive design, is available in both English and Indonesian,
menarik, tampil dalam dua bahasa yaitu bahasa Inggris dan        and includes the company logo as an identifier. The website's
bahasa Indonesia, terdapat logo Perusahaan sebagai identitas     simple navigation system allows visitors to easily find the
dan memiliki sistem navigasi yang simpel sehingga                information they need. Data and information displayed on
memudahkan pengunjungnya dalam mencari informasi.                the website are updated regularly to comply with regulations
Data dan informasi yang ditampilkan senantiasa diperbaharui      and good governance practices.
setiap kali ada perubahan, selain untuk memenuhi ketentuan
peraturan juga menerapkan tata kelola.




76    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 77
                                                                                                                                                                 1




                                                                                                                                                Financial Summary
                                                                                                                                                Ikhtisar Keuangan
Dengan tersedianya situs web SOS sebagai sarana                    With the availability of SOS's website as a means of public
keterbukaan informasi tentang Perseroan, diharapkan akan           disclosure of company information, it is expected to increase
meningkatkan kepercayaan masyarakat luas serta tentunya            public trust as well as shareholder confidence.
Pemegang Saham.
                                                                                                                                                              2




                                                                                                                                                Management Report
                                                                                                                                                Laporan Manajemen
Informasi yang disajikan di dalam situs web SOS antara             Information provided on the SOS website includes:
lain:


                          Kategori                                                            Alamat Web
                          Category                                                              Website
                                                  Informasi Umum dan Investor                                                                                 3
                                                  General and Investor Information




                                                                                                                                                Company Profile
                                                                                                                                                Profil Perusahaan
 Profil Perusahaan                                                 https://www.sos.co.id/id
 Company Profile
 Karir                                                             https://www.sos.co.id/id/karir
 Career
 Kontak                                                            https://www.sos.co.id/id/kontak-kami
 Contact
                                                                                                                                                             4
                                             Informasi bagi Pemodal atau Investor




                                                                                                                                      Discussion and Analysis
                                                                                                                                      Management
                                                                                                                                      Pembahasan Manajemen
                                                                                                                                      Analisis dan
                                                    Information for Investor
 Investor                                                          https://www.sos.co.id/id/investor
                                                 Informasi Tata Kelola Perusahaan
                                                 Corporate Governance Information
 Dewan Komisaris dan Direksi                                       https://www.sos.co.id/id/investor
 Board of Commissioners and Board of Directors
 Laporan Keuangan                                                  https://www.sos.co.id/id/investor
 Financial Statements                                                                                                                                        5




                                                                                                                                                Corporate Governance
                                                                                                                                                Tata Kelola Perusahaan
 Laporan Tahunan                                                   https://www.sos.co.id/id/investor
 Annual Report
 Kegiatan Perusahaan                                               https://www.sos.co.id/id/investor
 Corporate Activities
 RUPS                                                              https://www.sos.co.id/id/investor
 GMS
                                                       Produk dan Layanan
                                                       Products and Services
                                                                                                                                                             6
 Jasa Keamanan                                                     https://www.sos.co.id/id/layanan/security-services                           Sustainability Report
                                                                                                                                                Laporan Keberlanjutan
 Security Services
 Jasa Kebersihan                                                   https://www.sos.co.id/id/layanan/cleaning-service-solution
 Cleaning Services
 Jasa Penyedia Sumber Daya Manusia                                 https://www.sos.co.id/id/layanan/labor-supply-services
 Human Resources Provider
 Manajemen Parkir                                                  https://www.sos.co.id/id/layanan/parking-management-system-
 Parking Management                                                and-services
                                                                                                                                                               7
                                                                                                                                                Financial Report
                                                                                                                                                Laporan Keuangan




                                                                   COMBINED REPORT • PT SHIELD ON SERVICES Tbk                   77
Page 78
78   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 79
COMBINED REPORT • PT SHIELD ON SERVICES Tbk   79
Page 80
TINJAUAN EKONOMI GLOBAL •
Overview of the Global Economy


Pada tahun 2024, perekonomian global menghadapi berbagai       In 2024, the global economy faces a spectrum of challenges
tantangan dan dinamika yang mempengaruhi pertumbuhan           and dynamic forces that impact economic growth across
ekonomi di berbagai negara. Berdasarkan proyeksi IMF           nations. Based on the IMF's projections in the October 2024
dalam World Economic Outlook (WEO) Oktober 2024,               World Economic Outlook (WEO), global economic growth is
pertumbuhan ekonomi global diperkirakan berada di level        forecasted to stabilize at 3.2% for both 2024 and 2025. This
3,2% untuk tahun 2024 dan 2025. Pertumbuhan ekonomi            persistent subdued growth, relative to pre-pandemic levels,
yang masih lemah dibandingkan dengan sebelum pandemi           is attributed to escalating geopolitical conflicts, resulting in
diakibatkan oleh meningkatnya konflik geopolitik yang          revised growth projections for several developing economies.
menyebabkan beberapa negara berkembang mengalami               Furthermore, the rise in protectionist policies, geopolitical
revisi proyeksi pertumbuhan. Selain itu, kebijakan             tensions, stringent monetary policies, financial market volatility,
proteksionisme yang meningkat, ketegangan geopolitik,          and the economic slowdown in China are additional negative
kebijakan moneter yang ketat, volatilitas pasar keuangan,      risks that the IMF has factored into its revised outlook.
dan perlambatan ekonomi Cina menjadi beberapa risiko
negatif tambahan yang menjadi pertimbangan bagi IMF
untuk melakukan revisi.

Tingginya tingkat inflasi global selama beberapa tahun         Global inflation rates, which have remained elevated over
terakhir, yang sebagian besar dipicu oleh lonjakan harga       the past several years, largely driven by energy price surges
energi dan gangguan rantai pasokan, mulai menunjukkan          and supply chain disruptions, are beginning to show signs
tanda-tanda penurunan. IMF memperkirakan inflasi global        of abatement. The IMF projects global inflation to decline
akan turun dari 6,7% pada 2023 menjadi sekitar 4,3% pada       from 6.7% in 2023 to approximately 4.3% by 2025.
2025.

Kebijakan bank sentral utama dunia, seperti Federal Reserve    Major global central banks, such as the US Federal Reserve
di AS dan European Central Bank, telah mulai menurunkan        and the European Central Bank, have initiated a shift towards
suku bunga setelah kebijakan moneter yang ketat untuk          easing interest rates, following periods of stringent monetary
menanggulangi inflasi pada tahun-tahun sebelumnya.             policies aimed at curbing inflation. This moderation in inflation
Penurunan inflasi ini memberi ruang bagi kebijakan moneter     provides increased latitude for more accommodative monetary
yang lebih longgar.                                            policy stances.

Meskipun inflasi menunjukkan tanda-tanda penurunan,            Despite the indication of moderating inflationary pressures,
pertumbuhan ekonomi global diperkirakan tetap lambat.          global economic growth projections remain conservative.
Ketegangan geopolitik, termasuk perang Rusia-Ukraina,          Ongoing geopolitical tensions, including the Russia-Ukraine
serta ketidakpastian terkait kebijakan ekonomi besar seperti   conflict, coupled with uncertainties surrounding key economic
di Cina, terus menambah volatilitas ekonomi global.            policies in nations like China, continue to contribute to global
                                                               economic volatility.

Meskipun banyak negara telah berhasil pulih dari dampak        Despite successful recovery of numerous nations from the
langsung pandemi, pemulihan ekonomi global secara              immediate impacts of the pandemic, the overall global
keseluruhan masih diwarnai oleh masalah struktural, seperti    economic recovery remains challenged by structural issues,
ketimpangan pendapatan dan ketidakmerataan dalam               including income inequality and disparities in vaccine
distribusi vaksin.                                             distribution.



TINJAUAN KONDISI EKONOMI DOMESTIK •
Overview of the National Economic Conditions

Di tengah pertumbuhan ekonomi global yang melambat             Amidst a decelerating global economic landscape marked
dengan ketidakpastian yang meningkat tinggi, perubahan         by heightened uncertainties, climate change, and declining
iklim, dan menurunnya harga komoditas ekspor unggulan,         prices of key export commodities, Indonesia has demonstrated
Indonesia mampu mengatasi berbagai tantangan tersebut          commendable resilience in navigating these multifaceted
dengan cukup baik. Indonesia wajib terus mencermati dan        challenges. Indonesia must remain vigilant and proactively


80   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 81
                                                                                                                                                              1




                                                                                                                                             Financial Summary
                                                                                                                                             Ikhtisar Keuangan
mengimbangi dengan kewaspadaan atas perkembangan                 address the prevailing global uncertainties, which carry the
dunia yang kini sedang tidak menentu, yang berpotensi            potential to impact the nation.
berdampak terhadap Indonesia.

                                                                                                                                                           2
Meski terdapat risiko transmisi dari tekanan ekonomi global      Despite the inherent risk of transmission from global economic




                                                                                                                                             Management Report
                                                                                                                                             Laporan Manajemen
kepada perekonomian domestik, fundamental ekonomi                pressures to the domestic economy, Indonesia's macroeconomic
makro Indonesia masih sehat dan berdaya tahan di tengah          fundamentals remain robust and resilient amidst the ongoing
gejolak global yang tengah terjadi. Perekonomian Indonesia       global volatility. The Indonesian economy maintains a strong
masih cukup tangguh, dan termasuk yang tertinggi jika            footing, ranking amongst the highest performers within the
dibandingkan sebagian besar negara-negara G20. Sebagai           G20 nations. This is evidenced by Indonesia's significantly
bukti fundamental dan makro ekonomi masih cukup sehat,           more moderate inflation rate when compared to European
bisa terlihat dari laju inflasi Indonesia masih jauh lebih       nations, India, Australia, Philippines, and Singapore                                     3




                                                                                                                                             Company Profile
                                                                                                                                             Profil Perusahaan
moderat dibandingkan dengan negara-negara Eropa, India,
Australia, Filipina, dan Singapura.

Dari sisi pengeluaran, pertumbuhan ekonomi Indonesia             From an expenditure perspective, Indonesia's economic
pada triwulan III 2024 sebagian besar didorong oleh              growth in the third quarter of 2024 was primarily fueled by
permintaan domestik yang kuat. Konsumsi rumah tangga             robust domestic demand. Household consumption experienced
tumbuh sebesar 4,91%(yoy). Pertumbuhan konsumsi rumah            a growth of 4.91% year-on-year (yoy). This growth in household                           4
tangga dipengaruhi oleh meningkatnya belanja untuk sektor        consumption was influenced by increased spending in the




                                                                                                                                   Discussion and Analysis
                                                                                                                                   Management
                                                                                                                                   Pembahasan Manajemen
                                                                                                                                   Analisis dan
Restoran dan Hotel, yang didukung oleh peningkatan Tingkat       Restaurant and Hotel sectors, supported by a rise in Hotel
Penghunian Kamar Hotel (TPKH) dan aktivitas di sektor            Occupancy Rates (TPKH) and heightened activity in the
pariwisata.                                                      tourism sector.

Selain itu, sektor Transportasi dan Komunikasi tumbuh            Furthermore, the Transportation and Communication sectors
signifikan, seiring meningkatnya mobilitas masyarakat.           demonstrated significant growth, correlating with increased
Perbaikan mobilitas ini tercermin dari kenaikan jumlah           public mobility. This improvement in mobility is reflected in
penumpang angkutan rel, laut, udara, serta peningkatan           the increased number of rail, sea, and air passengers, as well                           5




                                                                                                                                             Corporate Governance
                                                                                                                                             Tata Kelola Perusahaan
penjualan sepeda motor. Selain itu, kinerja konsumsi juga        as a rise in motorcycle sales. Additionally, consumption
terlihat pada Konsumsi Lembaga Non-Profit yang Melayani          performance is evident in the Consumption of Non-Profit
Rumah Tangga (LNPRT), yang tumbuh sebesar 11,69% (yoy),          Institutions Serving Households (LNPRT), which grew by
naik signifikan dari 6,18% pada triwulan yang sama tahun         11.69% (yoy), a notable increase from 6.18% in the same quarter
2023. Peningkatan ini terutama didorong oleh kegiatan            of 2023. This surge was primarily driven by preparatory
persiapan berbagai kegiatan besar seperti Pilkada dan PON        activities for major events such as the Regional Elections
XXI.                                                             (Pilkada) and the National Sports Week (PON XXI).
                                                                                                                                                          6
Pada sisi lain, sebagaimana dialami oleh banyak negara,          Conversely, mirroring the trend observed in numerous nations,               Sustainability Report
                                                                                                                                             Laporan Keberlanjutan
aktivitas pada komponen ekspor barang mengalami penurunan        activities within the goods export component experienced
atau melambat, sejalan dengan pelemahan ekonomi global           a deceleration, aligning with the global economic slowdown
dan termoderasinya harga komoditas utama, ekspor jasa            and the moderation of key commodity prices. However,
tetap tumbuh kuat didukung kenaikan kunjungan wisatawan          service exports maintained strong growth, bolstered by an
mancanegara.                                                     increase in international tourist arrivals.

Pertumbuhan ekonomi Indonesia yang tetap kuat dan                Indonesia's sustained and resilient economic growth is also
berdaya tahan juga tercermin dari sisi produksi, terutama        reflected in the production side, predominantly supported                                  7
                                                                                                                                             Financial Report
                                                                                                                                             Laporan Keuangan




ditopang oleh Industri Pengolahan, Perdagangan Besar dan         by the Manufacturing Industry, Wholesale and Retail Trade,
Eceran, serta Konstruksi. Kinerja beberapa sektor lain seperti   and Construction sectors. The performance of several other
transportasi dan pergudangan, akomodasi makanan dan              sectors, including transportation and warehousing, food and
minuman, serta informasi dan komunikasi juga terpantau           beverage accommodation, and information and communication,
tumbuh tinggi pasca pandemi, dan tetap melanjutkan tren          has also exhibited substantial post-pandemic growth, continuing
positif.                                                         their positive trajectory.




                                                                 COMBINED REPORT • PT SHIELD ON SERVICES Tbk                  81
Page 82
TINJAUAN OPERASIONAL •
Operational Overview

Perseroan membagi pendapatannya ke dalam 5 (lima)               The Company segments its revenue into 5 (five) categories:
kategori segmen yaitu Jasa Keamanan, Jasa Penyedia              Security Services, Human Resources Provision Services,
Sumber Daya Manusia, Jasa Kebersihan, Jasa Manajemen            Cleaning Services, Parking Management Services, and other
Parkir, dan jasa lainnya.                                       services.

Pada tahun 2024, kontributor utama pendapatan usaha             In 2024, the primary contributor to business revenue was
adalah jasa penyedia sumber daya manusia sebesar 53,57%,        human resources provision services at 53.57%, followed by
diikuti oleh jasa keamanan sebesar 31,09%, jasa kebersihan      security services at 31.09%, cleaning services at 11.77%, parking
sebesar 11,77%, jasa parkir sebesar 3,56%, dan lainnya          services at 3.56%, and other services at 0.01%.
sebesar 0,01%.

                                                                                                 dalam jutaan Rupiah | in million Rupiah

                                                                                         Pertumbuhan/(Pengurangan)
        Uraian                     2024                          2023
                                                                                              Increase/(Decrease)
      Description
                              Rp             %            Rp              %                 Rp                           %
 Jasa Keamanan
                               581.414       31.09%        574.985        32,20%                   6.428                         1.12%
 Security Services
 Jasa Penyedia Sumber
 Daya Manusia
                             1.001.809      53.57%         898.364        50,37%                 103.444                        11.51%
 Professional Employee
 Services
 Jasa Kebersihan
                              220.083        11.77%        261.120         14,66%                (41.036)                     -15.72%
 Cleaning Services
 Jasa Parkir
                               66.790        3.56%          45.175          2,53%                  21.615                     47.85%
 Parking Management
 Lain-lain
                                   153        0.01%             709         0,24%              (556.141)                      -78.41%
 Others
 Jumlah                                       100%
                             1.870.249                   1.780.353       100,00%                 89.895                       5.049%
 Total


Jasa Keamanan                                                   Security Services

Pendapatan segmen jasa keamanan tahun 2024 adalah               In 2024 financial year, the Security Services segment generated
sebesar Rp581,41 miliar, merupakan kontributor terbesar         revenue of Rp581.41 billion, representing the second largest
kedua setelah jasa penyedia sumber daya manusia.                contributor after human resource services. This segment
Pendapatan segmen ini mengalami peningkatan sebanyak            increased 1.12% compared to the previous year's revenue of
1,12% dibandingkan tahun sebelumnya yang sebesar Rp574,99       Rp574.99 billion.
miliar.

Jasa Penyedia Sumber Daya Manusia                               Human Resources Provider

Segmen jasa penyedia sumber daya manusia menjadi                The Human Resources Services segment was the primary
kontributor utama dalam pendapatan usaha Perseroan di           contributor to the Company's operating revenue in the 2024
tahun 2024 dengan nilai sebesar Rp1.001,81 miliar. Segmen       financial year, generating Rp1,001.81 billion. This segment
ini mengalami peningkatan sebanyak 11,51% dibandingkan          increased 11.51% compared to the previous year. The cost of
dengan tahun sebelumnya. Beban pokok segmen ini sebesar         revenue for this segment amounted to Rp948.87 billion,
Rp948,87 miliar sehingga laba usaha yang dihasilkan adalah      resulting in an operating income of Rp52.94 billion.
sebesar Rp52,94 miliar.

Jasa Kebersihan                                                 Cleaning Services

Pendapatan jasa kebersihan tahun 2024 adalah sebesar            Revenue from the Cleaning Services segment in 2024 financial
Rp220,08 miliar, lebih rendah 15,72% dari tahun sebelumnya      year amounted to Rp220.08 billion, a decrease of 15.72%
yang senilai Rp261,12 miliar. Beban pokok segmen ini tercatat   compared to the previous year's revenue of Rp261.12 billion.


82   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 83
                                                                                                                                                           1




                                                                                                                                          Financial Summary
                                                                                                                                          Ikhtisar Keuangan
sebesar Rp199,70 miliar sehingga laba usaha menjadi sebesar    The cost of revenue for this segment was recorded at Rp199.70
Rp20,38 miliar.                                                billion, resulting in an operating income of Rp20.38 billion.

Jasa Manajemen Parkir                                          Parking Management Services
                                                                                                                                                        2




                                                                                                                                          Management Report
                                                                                                                                          Laporan Manajemen
Pendapatan segmen jasa manajemen parkir tercatat sebesar       The Parking Management Services segment recorded revenue
Rp66,79 miliar dengan peningkatan 47,85% terhadap              of Rp66.79 billion, representing a 47.85% increase compared
pendapatan tahun 2023 yaitu Rp45,17 miliar. Beban pokok        to the 2023 revenue of Rp45.17 billion. The cost of revenue
pendapatan yang dikeluarkan sebesar Rp55,91 miliar             for this segment amounted to Rp55.91 billion, resulting in
menjadikan laba usaha yang diterima Peseroan pada tahun        operating income of Rp10.88 billion for the Company in 2024.
2024 sebesar Rp10,88 miliar.
                                                                                                                                                        3
Jasa Lainnya                                                   Other Services




                                                                                                                                          Company Profile
                                                                                                                                          Profil Perusahaan
Jasa lainnya tercatat sebesar Rp153,17 juta dengan penurunan   Revenue from Other Services amounted to Rp153.17 million,
sebanyak 78,41% dibandingkan dengan tahun 2023 senilai         representing a decrease of 78.41% compared to the Rp709.32
Rp709,32 juta. Jasa lainnya memiliki beban pokok pendapatan    million recorded in 2023. The cost of revenue for Other
sebesar Rp964,83 juta, sehingga rugi usaha yang tercatat       Services was Rp964.83 million, resulting in an operating loss
adalah sebesar Rp811,66 juta.                                  of Rp811.66 million.                                                                    4




                                                                                                                                Discussion and Analysis
                                                                                                                                Management
                                                                                                                                Pembahasan Manajemen
                                                                                                                                Analisis dan
PANGSA PASAR DAN ASPEK                                         MARKET SHARE AND MARKETING
PEMASARAN                                                      ASPECT

Hari ini, peran perusahaan penyedia alih daya sangat penting   Today, the role of workforce solutions providers is crucial as
karena dibutuhkan untuk mendukung kesuksesan bisnis            they are needed to support business success with cost
dengan biaya yang efisien. Hal ini juga berpengaruh pada       efficiency. This also affects the competition among workforce
kompetisi di antara para penyedia alih daya, di mana banyak    solutions providers, where many Indonesian workforce                                    5




                                                                                                                                          Corporate Governance
                                                                                                                                          Tata Kelola Perusahaan
perusahaan alih daya Indonesia yang aktif menawarkan           solutions companies are actively offering their services in
jasanya dalam mencari, menyeleksi, dan melatih tenaga          finding, selecting, and training needed personnel.
kerja yang dibutuhkan.

Dengan keunggulan kompetitifnya, Perseroan senantiasa          With its competitive advantages, the Company is always
optimistis untuk dapat bersaing dan menyediakan pelayanan      optimistic to be able to compete and provide the best service.
terbaik. Perseroan konsisten melakukan sejumlah penyesuaian    The Company consistently makes a number of adjustments
terhadap berbagai situasi dan beradaptasi dengan kondisi       to various situations and adapts to the specific conditions                             6
dan kebutuhan pelanggan secara spesifik untuk memastikan       and needs of customers to ensure that their needs are met.                 Sustainability Report
                                                                                                                                          Laporan Keberlanjutan
terpenuhinya kebutuhan mereka.

Berbagai strategi usaha Perseroan, yaitu:                      The Company’s various business strategies include:
1. Perseroan mengevaluasi kinerja dan melakukan                1. The Company evaluates the performance and improves
   peningkatan kualitas dan kompetensi tenaga kerja yang          the quality and competence of its workforce to be able
   dimiliki agar mampu bersaing di pasar tenaga kerja.            to compete in the labor market.
2. Perseroan melakukan pengembangan bisnis ke kota             2. The Company is expanding its business to medium and
   skala menengah dan besar di Indonesia untuk dapat              large-scale cities in Indonesia to increase its business                               7
                                                                                                                                          Financial Report
                                                                                                                                          Laporan Keuangan




   meningkatkan pangsa pasar usaha bisnis.                        market share.
3. Memberikan layanan “one stop solution” Integrated           3. Providing “one-stop solution” Integrated Facility
   Facility Management bagi pelanggan Perseroan dan               Management services for the Company’s and its
   Entitas Anak sebagai keunggulan eksklusif yang tidak           Subsidiaries’ customers as an exclusive advantage not
   dimiliki oleh perusahaan alih daya lainnya.                    owned by other outsourcing companies.
4. Perseroan meningkatkan kualitas pelayanan melalui           4. The Company improves service quality through the
   penerapan teknologi yang lebih modern antara lain              application of more modern technology, including by
   dengan menerapkan software dan hardware yang up-               implementing up-to-date software and hardware, which
   to-date yang bertujuan agar layanan semakin optimal            aims to make services more optimal and efficient.
   dan efisien.

                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                 83
Page 84
TINJAUAN KEUANGAN •
Financial Overview

Pembahasan tinjauan keuangan berikut berdasarkan Laporan      The following financial review is based on the Company's
Keuangan Konsolidasian Perseroan untuk tahun yang             Consolidated Financial Statements for the year ended
berakhir pada tanggal 31 Desember 2024 dan telah diaudit      December 31, 2024, which have been audited by the Public
oleh Kantor Akuntan Publik Mirawati Sensi Idris dengan        Accounting Firm Mirawati Sensi Idris with an unqualified
opini wajar tanpa pengecualian dan telah disesuaikan dengan   opinion and have been adjusted to the Financial Accounting
Standar Akuntansi Keuangan (SAK) di Indonesia.                Standards (FAS) in Indonesia.

LAPORAN POSISI KEUANGAN                                       STATEMENT OF FINANCIAL
                                                              POSITIONS
                                                                                              dalam jutaan Rupiah | in million Rupiah

                                                                                         Pertumbuhan/Penurunan
                  Uraian                                                                    Increase/Decrease
                                             2024                 2023
                Description
                                                                                           Rp                          %
 Aset
 Assets
 Jumlah Aset Lancar
                                                  404.449               418.703                 (14.254)                      (3.40)
 Current Assets
 Jumlah Aset Tidak Lancar
                                                    49.553               42.409                    7.144                      16.84
 Non-current Assets
 Jumlah Aset
                                                  454.002                461.112                  (7.110)                     (1.54)
 Total Assets
 Liabilitas
 Liabilities
 Liabilitas Jangka Pendek                         148.338
                                                                        160.919                 (12.581)                      (7.81)
 Current Liabilities
 Liabilitas Jangka Panjang
                                                     6.337                5.937                     400                        6.73
 Non-current Liabilities
 Jumlah Liabilitas
                                                  154.676               166.856                  (12.181)                     (7.30)
 Total Liabilities
 Ekuitas
                                                  299.327              294.256                     5071                         1.72
 Equity



Aset                                                          Assets

Total aset Perseroan per 31 Desember 2024 tercatat sebesar    The Company's total assets as of December 31, 2024 amounted
Rp404,45 miliar, menurun 3,40% dari tahun sebelumnya          to Rp404.45 billion, a decrease of 3.40% from the previous
sebesar Rp418,70 miliar. Komposisi aset Perseroan utamanya    year's Rp418.70 billion. The Company's asset composition is
berupa aset lancar yang mencapai 89,08% dari total aset       primarily comprised of current assets, which represent 89.08%
dengan posisi kas yang sangat kuat sebesar Rp51,71 miliar.    of total assets, with a strong cash position of Rp51.71 billion.

                                                                                              dalam jutaan Rupiah | in million Rupiah

                                                                                         Pertumbuhan/Penurunan
                  Uraian                                                                    Increase/Decrease
                                             2024                 2023
                Description
                                                                                           Rp                          %
 Aset Lancar
 Current Assets
 Kas dan Setara Kas
                                                    51.712               86.167                 (34.455)                    (39.99)
 Cash and Cash Equivalents
 Piutang Usaha - Bersih
                                                  232.170               198.379                  33.791                       17.03
 Trade Receivables - Net




84    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 85
                                                                                                                                                                     1




                                                                                                                                                    Financial Summary
                                                                                                                                                    Ikhtisar Keuangan
                                                                                               dalam jutaan Rupiah | in million Rupiah

                                                                                          Pertumbuhan/Penurunan
                  Uraian                                                                     Increase/Decrease
                                               2024                 2023
                Description
                                                                                            Rp                          %
                                                                                                                                                                  2
 Piutang Lain-lain




                                                                                                                                                    Management Report
                                                                                                                                                    Laporan Manajemen
                                                       1.499                   20                   1.479                     73.95
 Other Receivables
 Persediaan
                                                       7.014                7.563                   (549)                       7.25
 Inventories
 Uang Muka dan Biaya Dibayar di muka
                                                       3.398                3.542                   (144)                     (4.06)
 Advances and Prepaid
 Pajak Dibayar Dimuka                                                                                                                                             3
                                                        4.112                509                   3603                      707.85
 Prepaid Tax




                                                                                                                                                    Company Profile
                                                                                                                                                    Profil Perusahaan
 Pendapatan Masih Harus Diterima
                                                      102.101             122.523                (20.422)                     (16.67)
 Accrued Revenue
 Deposito berjangka yang dibatasi
 penggunaannya restricted time deposit
                                                       2.443                    0                  2.443                         100


 Jumlah Aset Lancar                                                                                                                                              4
                                                    404.449               418.704                (14.255)                      (3.40)




                                                                                                                                          Discussion and Analysis
                                                                                                                                          Management
                                                                                                                                          Pembahasan Manajemen
                                                                                                                                          Analisis dan
 Current Assets
 Aset Tidak Lancar
 Non-current Assets
 Taksiran Tagihan Pajak Penghasilan
                                                      16.863               16.563                   1300                        7.84
 Income Tax Billing Estimate
 Aset Pajak Tangguhan
                                                       1.200                1.466                   (266)                       1.60
 Deferred Tax Assets
 Aset Tetap - Bersih
 Current Assets - Net
                                                      17.920               16.800                   1120                          6.6                            5




                                                                                                                                                    Corporate Governance
                                                                                                                                                    Tata Kelola Perusahaan
 Aset Hak Guna - Bersih
                                                       6.100                5.482                    618                        11.27
 Right-of-use Assets - Net
 Aset Lain-lain
                                                       5.834                5.180                    654                       12.63
 Other Assets
 Asset tak berwujud
                                                       1.636                     -                 1.636                         100
 intangible asset
 Jumlah Aset Tidak Lancar
                                                      49.553               42.408                   7145                       16.84
 Total Non-Current Assets                                                                                                                                        6
                                                                                                                                                    Sustainability Report
 Jumlah Aset                                                                                                                                        Laporan Keberlanjutan
                                                   454.002                 461.112                 (7.110)                       1.54
 Total Assets



Liabilitas                                                      Liabilities

Total liabilitas Perseroan per 31 Desember 2024 adalah          The Company's total liabilities as of December 31, 2024,
sebesar Rp154,67 miliar, menurun 7,30% dari tahun               amounted to Rp154.67 billion, a decrease of 7.30% from the
sebelumnya yang sebesar Rp166,86 miliar yang disebabkan         previous year's Rp166.86 billion, primarily due to significant                                     7
                                                                                                                                                    Financial Report
                                                                                                                                                    Laporan Keuangan




adanya hutang bank yang turun secara signifikan. Komposisi      decrease in bank debt. The Company's liability composition
liabilitas Perseroan utamanya berupa liabilitas jangka pendek   is mainly comprised of current liabilities, representing 95.92%
yang mencapai 95,92% dari total liabilitas.                     of total liabilities.




                                                                COMBINED REPORT • PT SHIELD ON SERVICES Tbk                          85
Page 86
                                                                                           dalam jutaan Rupiah | in million Rupiah

                                                                                      Pertumbuhan/Penurunan
                 Uraian                                                                  Increase/Decrease
                                            2024                2023
               Description
                                                                                        Rp                          %
 Liabilitas Jangka Pendek
 Current Liabilities
 Utang Bank
                                                   59.299              95.251                (35.952)                    (37.74)
 Bank Loan
 Utang Usaha
                                                   14.747               9.579                   5.168                     53.95
 Trade Payables
 Utang Lain-Lain
                                                    2.827               6.281                 (3.454)                    (54.99)
 Other Payables
 Utang Pajak
                                                   18.527              13.400                   5.127                     38.26
 Taxes Payable
 Beban yang Masih Harus Dibayar
                                                   48.259              35.012                 13.247                       37.83
 Current Accrued Expenses
 Uang Muka Pelanggan
                                                       0                   48                    (48)                       (100)
 Advance Customer Advance
 Utang Pembiayaan Jangka Pendek
                                                     686                 827                     (141)                    (17.04)
 Short-term Financing Liabilities
 Utang Pembiayaan Jangka Panjang
 yang Jatuh Tempo dalam Satu Tahun
 Long-term Financing Liabilities Maturing
 in a Year
 Liabilitas Sewa
                                                    3.993                522                    3.471                    664.94
 Lease Liabilities
 Jumlah Liabilitas Jangka Pendek
                                               148.338                160.919                 (12.581)                     (7.81)
 Total current Liabilities
 Liabilitas Jangka Panjang
 Non-current Liabilities
 Utang Pembiayaan Jangka Panjang
 Setelah Dikurangi Bagian yang Jatuh
 Tempo dalam Satu Tahun                              485                 804                     (319)                    85.44
 Long-term Financing Liabilities, Net of
 Items Maturing in a Year
 Liabilitas Diestimasi atas Imbalan Kerja
 Karyawan
                                                    5.749               5.133                     616                      76.61
 Liabilities Estimated for Employee
 Benefits
 Jumlah Liabilitas Jangka Panjang
                                                    6.337               5.937                    400                        6.73
 Total Non-current Liabilities
 Jumlah Liabilitas
                                               154.676                166.856                 (12.180)                     (7.29)
 Total Liabilities


Ekuitas                                                     Equity

Total ekuitas Perseroan per 31 Desember 2024 sebesar        The Company's total equity as of December 31, 2024, amounted
Rp299,33 miliar, meningkat 1,72% dari tahun sebelumnya      to Rp299.33 billion, an increase of 1.72% from the previous
sebesar Rp294,26 miliar. Peningkatan ekuitas utamanya       year's Rp294.26 billion. Increase in equity is attributable to
berasal dari komponen kepentingan non - pengendali.         the non-controlling interest component.




86    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 87
                                                                                                                                                                        1




                                                                                                                                                       Financial Summary
                                                                                                                                                       Ikhtisar Keuangan
                                                                                                  dalam jutaan Rupiah | in million Rupiah

                                                                                             Pertumbuhan/Penurunan
                  Uraian                                                                        Increase/Decrease
                                                 2024                   2023
                Description
                                                                                               Rp                          %
                                                                                                                                                                     2
 Ekuitas




                                                                                                                                                       Management Report
                                                                                                                                                       Laporan Manajemen
 Equity
 Ekuitas yang Diatribusikan kepada Pemilik Entitas Induk
 Equity Attributable to Owners of the Parent Entity
 Modal Saham
                                                           79.941              79.941                       -                           -
 Capital Shares
 Tambahan Modal Disetor                                                                                                                                              3
                                                           48.616              48.616                       -                           -
 Additional Paid in Capital




                                                                                                                                                       Company Profile
                                                                                                                                                       Profil Perusahaan
 Komponen Ekuitas Lainnya
                                                            (665)              (1.266)                   601                      47.47
 Other Equity Components
 Saldo Laba yang Belum Ditentukan
 Penggunaannya                                         134.550                136.857                (2.307)                        1.68
 Unappropriated Retained Earnings
 Jumlah Ekuitas yang Diatribusikan
 kepada Pemilik Entitas Induk                                                                                                                                       4
                                                       262.441               264.148                  (1.707)                    (0.64)
 Total Equity Attributable to Owners of




                                                                                                                                             Discussion and Analysis
                                                                                                                                             Management
                                                                                                                                             Pembahasan Manajemen
                                                                                                                                             Analisis dan
 the Parent Entity
 Jumlah Ekuitas
                                                      299.326                294.256                  5.070                         1.72
 Total Equity


Laporan Laba (Rugi) dan Penghasilan                                 Statement of Profit (Loss) and Other
Komprehensif Lain                                                   Comprehensive Income

Tahun 2024, Perseroan membukukan pendapatan bersih                  In the 2024 financial year, the Company recorded net revenue                                    5




                                                                                                                                                       Corporate Governance
                                                                                                                                                       Tata Kelola Perusahaan
sebesar Rp1.870,25 miliar, meningkat 5,04% dari tahun               of Rp1,870.25 billion, an increase of 5.04% from the previous
sebelumnya yang sebesar Rp1.780,35 miliar yang                      year's Rp1,780.35 billion, with the human resource services
dikontribusikan dari segmen jasa penyedia sumber daya               segment contributing 53.47% or Rp1.00 trillion. In line with
manusia sebanyak 53,47% atau Rp1,00 triliun. Sejalan dengan         the revenue growth, the Company's cost of revenue also
peningkatan pendapatan, beban pokok Perusahaan juga                 increased by 6.60% to Rp1,713.22 billion.
meningkat 6,60% menjadi Rp1.713,22 miliar.

                                                                                                  dalam jutaan Rupiah | in million Rupiah                           6
                                                                                                                                                       Sustainability Report
                                                                                                                                                       Laporan Keberlanjutan
                                                                                             Pertumbuhan/Penurunan
                  Uraian                                                                        Increase/Decrease
                                                 2024                   2023
                Description
                                                                                               Rp                          %
 Laporan Laba (Rugi) dan Penghasilan Komprehensif Lain
 Profit or Loss Statement and Other Comprehensive Income
 Pendapatan Bersih
                                                     1.870.248              1.780.353                89.895                        5.04
 Net Revenues
                                                                                                                                                                      7
 Beban Pokok Pendapatan
                                                     (1.713.217)           (1.607.075)              (106.142)                      6.60
                                                                                                                                                       Financial Report
                                                                                                                                                       Laporan Keuangan




 Cost of Revenues
 Laba Bruto
                                                       157.032                173.278               (16.246)                        1.01
 Gross Profit
 Beban Umum dan Administrasi
                                                      (134.339)             (130.382)                 4.057                         3.11
 General and Administrative Expenses
 Beban Pemasaran
                                                            (277)               (355)                     78                      21.97
 Marketing Expenses
 Laba Usaha
                                                           22.416              42.541               (20.125)                     47.30
 Operating Income



                                                                    COMBINED REPORT • PT SHIELD ON SERVICES Tbk                         87
Page 88
                                                                                         dalam jutaan Rupiah | in million Rupiah

                                                                                      Pertumbuhan/Penurunan
                 Uraian                                                                  Increase/Decrease
                                                2024                2023
               Description
                                                                                       Rp                         %
 Penghasilan Keuangan
                                                          968                   778             190                     24.42
 Finance Income
 Beban Keuangan
                                                       (11.995)          (13.358)            (1.363)                   (10.20)
 Finance Costs
 Pendapatan Lain-Lain - Bersih
                                                       18.527              19.237              (710)                    (3.69)
 Other Income - Net
 Laba sebelum Pajak Penghasilan
                                                       29.916              49.198           (19.282)                    (39.19)
 Profit (Loss) Before Income Tax
 Beban Pajak Penghasilan
                                                       (17.661)          (14.646)             3.015                     20.58
 Income Tax Expenses
 Laba Bersih Tahun Berjalan
                                                       12.255              34.552           (22.297)                   (64.53)
 Net Income for the Year
 Penghasilan Komprehensif Lain
 Other Comprehensive Income
 Pos yang Tidak akan Direklasifikasi ke
 Laba Rugi
 Item that will not be Reclassified to
 Profit or Loss
 Pengukuran Kembali Liabilitas
 Diestimasi atas Imbalan Kerja Karyawan
                                                         1.038               945                 93                       9.84
 Remeasurement of Estimated Liabilities
 for Employees’ Benefits
 Pajak Penghasilan Terkait
                                                  (228.537)            (207.866)             20.671                       9.94
 Related Income Tax
 Jumlah Laba Komprehensif Tahun
 Berjalan
                                                       13.065              35.289           (22.224)                   (62.97)
 Total Comprehensive Income for the
 Year
 Laba Bersih yang Dapat Diatribusikan kepada:
 Net Income Attributable to:
 Pemilik Entitas Induk
                                                        5.687              27.619           (21.932)                    79.40
 Owners of the Parent Entity
 Kepentingan Non Pengendali
                                                        6.568               6.933              (365)                    (5.26)
 Non-controlling Interests
 Laba Rugi Komprehensif yang Dapat Diatribusikan kepada:
 Total Comprehensive Income Attributable to:
 Pemilik Entitas Induk
                                                        6.287              28.225            (21938)                     77.72
 Owners of the Parent Entity
 Kepentingan Non Pengendali
                                                        6.778               7.064              (286)                      4.04
 Non-controlling Interests
 Jumlah
                                                       13.065              35.289           (22.224)                   (62.97)
 Total
 Laba Bersih per Saham yang Dapat Diatribusikan kepada Pemilik Entitas Induk:
 Net Earning per Share Attributable to Owners of the Parent Entity:
 Saham Dasar
                                                           7,11             47,00            (39,89)                   (84,87)
 Basic Share
 Saham Dilusian
                                                              -             46,98            (46,98)                  (100,00)
 Diluted Share




88   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 89
                                                                                                                                                                       1




                                                                                                                                                      Financial Summary
                                                                                                                                                      Ikhtisar Keuangan
LAPORAN ARUS KAS                                                 STATEMENT ON CASH FLOWS

                                                                                                 dalam jutaan Rupiah | in million Rupiah

                                                                                            Pertumbuhan/Penurunan                                                   2
                 Uraian                                                                        Increase/Decrease




                                                                                                                                                      Management Report
                                                                                                                                                      Laporan Manajemen
                                                2024                  2023
               Description
                                                                                              Rp                          %
 Arus Kas dari (untuk) Aktivitas Operasi
 Net Cash Flows from (for) Operating                   26.199                (13.178)               39.377                    298.80
 Activities
 Arus Kas dari Aktivitas Investasi
 Net Cash Flows from Operating                         (7.947)               (9.683)                  1.736                      17.93                              3
 Activities




                                                                                                                                                      Company Profile
                                                                                                                                                      Profil Perusahaan
 Arus Kas dari Aktivitas Pendanaan
 Net Cash Flows from Financing                      (50.264)                 61.702                (111.966)                    181.46
 Activities
 Kenaikan (Penurunan) Neto Kas dan
 Setara Kas Net
                                                     (32.012)                38.841                (70.853)                   (182,42)
 Increase (Decrease) on Cash and Cash
 Equivalents                                                                                                                                                       4




                                                                                                                                            Discussion and Analysis
                                                                                                                                            Management
                                                                                                                                            Pembahasan Manajemen
                                                                                                                                            Analisis dan
 Kas dan Setara Kas pada Awal Tahun
 Cash And Cash Equivalents at the                      88.167                47.326                 40.841                      86,30
 Beginning of Year
 Kas dan Setara Kas pada Akhir Tahun
 Cash and Cash Equivalents at End of                   54.155                86.167                (32.012)                     (37,15)
 Year


Arus Kas Bersih Diperoleh dari Aktivitas                         Net Cash Flow Generated from
Operasi                                                          Operating Activities                                                                              5




                                                                                                                                                      Corporate Governance
                                                                                                                                                      Tata Kelola Perusahaan
Perseroan membukukan Kas Bersih yang Diperoleh dari              The Company recorded Net Cash Flow Generated from
Aktivitas Operasi sebesar Rp26,19 miliar, meningkat 298,80%      Operating Activities of Rp26.19 billion, representing significant
dibandingkan Arus Kas Bersih yang Digunakan untuk Aktivitas      increase of 298.80% compared to the Net Cash Used in
Operasi di tahun sebelumnya sebesar Rp13,18 miliar.              Operating Activities of Rp13.18 billion in the previous year.

Arus Kas Bersih Digunakan untuk                                  Net Cash Used in Investing Activities
Aktivitas Investasi                                                                                                                                                6
                                                                                                                                                      Sustainability Report
                                                                                                                                                      Laporan Keberlanjutan
Sedangkan untuk Kas Bersih yang digunakan untuk Aktivitas        Regarding Net Cash Used in Investing Activities, the Company
Investasi, Perseroan mencatat sebesar Rp7,95 miliar, lebih       recorded Rp7.95 billion, lower than the Rp9.68 billion used
rendah dibandingkan Arus Kas Bersih yang Digunakan untuk         in Investing Activities in the previous year.
Aktivitas Investasi di tahun sebelumnya sebesar Rp9,68 miliar.

Arus Kas Bersih Digunakan untuk                                  Net Cash Used in Financing Activities
Aktivitas Pendanaan
                                                                                                                                                                     7
                                                                                                                                                      Financial Report
                                                                                                                                                      Laporan Keuangan




Arus Kas Bersih yang Digunakan untuk Aktivitas Pendanaan         Net Cash Used in Financing Activities for 2024 amounted to
tahun 2024 sebesar Rp52,71 miliar, lebih tinggi dari Kas         Rp52.71 billion, higher than the Net Cash Generated from
Bersih yang Diperoleh dari Aktivitas Pendanaan tahun             Financing Activities of Rp61.70 billion in the previous year.
sebelumnya sebesar Rp61,70 miliar.




                                                                 COMBINED REPORT • PT SHIELD ON SERVICES Tbk                           89
Page 90
KEMAMPUAN MEMBAYAR UTANG •
Solvency

Kemampuan Perseroan dalam memenuhi seluruh kewajiban,            The Company's ability to meet all of its obligations, both
baik kewajiban jangka panjang maupun jangka pendek,              long-term and short-term, is demonstrated by the calculation
ditunjukkan oleh perhitungan rasio Solvabilitas dan              of Solvency and Collectibility ratios, which consist of Current
Kolektibilitas, yang terdiri dari Rasio Lancar, Rasio Utang      Ratio, Debt-to-Asset Ratio, and Debt-to-Equity Ratio.
terhadap Aset, dan Rasio Utang terhadap Ekuitas.

Rasio Lancar Perseroan adalah 272,65% di tahun 2024,             The Company's Current Ratio in 2024 stood at 272.65%,
lebih tinggi dibandingkan dengan tahun sebelumnya yaitu          demonstrating increase compared to previous year's figure
250,94%. Sedangkan rasio utang terhadap aset Perseroan           of 250.94%. Conversely, the Company's liabilities to assets
tahun 2024 sebesar 34,07% menurun bila dibandingkan              ratio for 2024 was 34.07% indicating decrease when juxtaposed
dengan tahun 2023 yang sebesar 36,19%.                           with the 2023 ratio of 36.19%.



KOLEKTIBILITAS PIUTANG •
Account Receivables Collectibility
Tingkat kolektibilitas piutang Perseroan dapat diukur dengan     The Company's accounts receivable collectibility can be
Periode Pengumpulan Piutang Rata-Rata yang menunjukkan           measured by the Average Collection Period, which indicates
jumlah hari rata-rata untuk menagih piutangnya. Periode          the average number of days to collect its receivables. The
pengumpulan rata-rata Perseroan di tahun 2024 adalah 64          Company's average collection period in 2024 was 64 days,
hari, bertambah dibandingkan dengan tahun 2023 yaitu 41          an increase compared to 41 days in 2023.
hari.



STRUKTUR MODAL DAN
KEBIJAKAN STRUKTUR MODAL •
Capital Structure and Capital Structure Policy
Dalam upaya memperkuat struktur permodalan, Perseroan            In an effort to strengthen its capital structure, the Company
menerapkan kebijakan meningkatkan modal melalui penjualan        implemented a policy of raising capital through the sale of
saham baru kepada masyarakat. Hasil penjualan saham              new shares to the public. The proceeds from the share sale
tersebut digunakan untuk modal kerja Perseroan berupa            were used for the Company's working capital in the form of
peningkatan persediaan barang dagang. Penggunaan dana            increased merchandise inventory. The use of funds from the
hasil penjualan saham selanjutnya ditujukan untuk mendukung      share sale is further intended to support the Company's
kinerja Perseroan.                                               performance.

Dalam upaya menjaga kinerja berkelanjutan, pada tahun            In an effort to maintain sustainable performance, in 2024 the
2024 Perseroan tetap mengalokasikan pengeluaran untuk            Company continued to allocate expenditures for the
kebutuhan pemeliharaan aset-aset yang dimiliki.                  maintenance needs of its assets.


                                                               Nilai Nominal Rp100 per saham
         Keterangan                                               Par Value Rp100 per share
         Description                   Jumlah Saham                Jumlah Nominal (Rp)                 Persentase (%)
                                        Total Shares                 Total Amount (Rp)                 Percentage(%)
 Modal Dasar
                                              2.000.000.000                 200.000.000.000
 Authorized Capital
 Modal Ditempatkan dan Disetor Penuh
 Fully Paid and Issued Capital
 PT ALSOK BASS Indonesia
                                                 634.156.300                   63.415.630.000                          79,33%
 Security Services




90   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 91
                                                                                                                                                           1




                                                                                                                                          Financial Summary
                                                                                                                                          Ikhtisar Keuangan
                                                             Nilai Nominal Rp100 per saham
             Keterangan                                         Par Value Rp100 per share
             Description             Jumlah Saham                Jumlah Nominal (Rp)                Persentase (%)
                                      Total Shares                 Total Amount (Rp)                Percentage(%)
                                                                                                                                                        2
 PT Puragraha Dianpertiwi                     100.000.000                   10.000.000.000                           12,51%




                                                                                                                                          Management Report
                                                                                                                                          Laporan Manajemen
 PT Inlife                                     39.999.900                    3.999.990.000                           5,00%
 Masyarakat
                                                25.258.031                    2.525.803.100                           3,16%
 Public
 Jumlah Modal Ditempatkan
 dan Disetor Penuh
                                                799.414.231                  79.941.423.100                        100,00%
 Amount of Fully Paid and
                                                                                                                                                        3
 Issued Capital




                                                                                                                                          Company Profile
                                                                                                                                          Profil Perusahaan
Dasar dan Kebijakan Manajemen atas                             Principles and Management Policies on
Struktur Permodalan                                            Capital Structure

Perseroan memiliki kebijakan mengelola permodalan dengan       The Company has a policy of managing capital by considering
memperhatikan fundamental keuangan serta demi                  financial fundamentals and for the business continuity and                              4
keberlangsungan bisnis dan pertumbuhan ke depan.               future growth. The Company aspires to continue to be able




                                                                                                                                Discussion and Analysis
                                                                                                                                Management
                                                                                                                                Pembahasan Manajemen
                                                                                                                                Analisis dan
Perseroan beraspirasi untuk tetap dapat memberikan imbal       to provide returns to shareholders and provide more value
hasil bagi pemegang saham serta memberikan nilai manfaat       benefits to other stakeholders.
lebih terhadap pemangku kepentingan lainnya.



IKATAN MATERIAL UNTUK
INVESTASI BARANG MODAL •                                                                                                                               5




                                                                                                                                          Corporate Governance
                                                                                                                                          Tata Kelola Perusahaan
Material Commitment for Capital Investment
Perseroan tidak memiliki ikatan material untuk investasi       The Company had no material commitments for capital
barang modal pada tahun 2024.                                  investment in 2024.



INVESTASI BARANG MODAL YANG                                                                                                                            6


DIREALISASIKAN PADA TAHUN BUKU •
                                                                                                                                          Sustainability Report
                                                                                                                                          Laporan Keberlanjutan




Capital Expenditure Realized in the Financial Year

Perseroan meyakini bahwa investasi merupakan salah satu        The Company believes that investment is one of the important
hal yang penting untuk dilakukan dalam mengembangkan           things to do in developing its business activities. Capital
kegiatan usahanya. Investasi Barang Modal (Capital             Expenditure is a cost incurred by the Company to purchase
Expenditure) merupakan biaya yang dikeluarkan Perseroan        a number of assets and repairs to existing assets so that it                              7
                                                                                                                                          Financial Report
                                                                                                                                          Laporan Keuangan




untuk membeli sejumlah asset dan perbaikan terhadap aset       can provide added value in the future.
yang telah dimiliki sehingga dapat memberikan nilai tambah
di kemudian hari.

Realisasi investasi barang modal Perseroan hingga 31           The Company's capital expenditure realization as of December
Desember 2024 adalah sebesar Rp7.884 juta, lebih besar         31, 2024, is Rp7,884 million, higher than the previous year of
dibandingkan dengan tahun sebelumnya yaitu sebesar             Rp6,017 million.
Rp6.017 juta.




                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                 91
Page 92
                                                                                        dalam jutaan Rupiah | in million Rupiah

                      Jenis Investasi
                                                                2024                                 2023
                    Type of Investments
 Kendaraan
                                                                               75,46                                       94
 Vehicle
 Peralatan Proyek
                                                                             6.334,31                                  3.635
 Project Equipment
 Peralatan Kantor
                                                                             1.473,95                                  2.288
 Office Equipment
 Jumlah
                                                                            7.883,72                                    6.017
 Total




PERBANDINGAN TARGET DAN REALISASI,
SERTA PROYEKSI SATU TAHUN KE DEPAN •
Comparison of Targets and Realizations,
and One-Year Forward Projections

Perbandingan Target dan Realisasi                         Comparison of Targets and Realizations

Dalam menjalankan kegiatan usahanya, Perseroan melalui    In carrying out its business activities, the Company through
Manajemen melakukan analisis secara berkala dan           Management periodically conducts analysis and sets a number
menetapkan sejumlah target dan proyeksi yang hendak       of targets and projections to be achieved which are contained
dicapai yang tertuang dalam Rencana Kerja dan Anggaran    in the Company's Work Plan and Budget (RKAP). The
Perusahaan (RKAP). Adapun perbandingan pencapaian         comparison of the achievement of a number of targets with
sejumlah target dengan realisasi pada tahun 2024 dapat    the realization in 2024 can be seen as follows:
dilihat sebagai berikut:

                                                                                        dalam jutaan Rupiah | in million Rupiah

            Uraian                   Target RKAP 2024         Realisasi 2024                Pencapaian RKAP
          Description               RKAP Target in 2024      Realization in 2024         RKAP Target Achievement
 Pendapatan
                                          1.965.117                1.870.248                           95,17%
 Income
 Laba Bersih
                                          28.884                    12.254                             42,42%
 Net Profit
 Persentase Laba Bersih (%)
                                            1,47                     0,65                              44,22%
 Net Profit Margin/NPM (%)


Proyeksi Satu Tahun ke Depan                              One Year Projection

                            Uraian                                             Target RKAP 2025
                          Description                                         RKAP Target in 2025
 Pendapatan
                                                                                                                   2.142.551
 Income
 Laba Bersih
                                                                                                                      14.666
 Net Profit
 Persentase Laba Bersih (%)
                                                                                                                         0,68
 Net Profit Margin/NPM (%)




92   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 93
KEBIJAKAN DAN PEMBAGIAN DIVIDEN •
Dividend Policy                                                                                                                                                    1




                                                                                                                                                  Financial Summary
                                                                                                                                                  Ikhtisar Keuangan
Kebijakan Dividen                                              Dividend Policy

Kebijakan pembagian dividen Perseroan mengacu pada             The Company's dividend distribution policy refers to the
Anggaran Dasar dengan besaran yang ditentukan dalam            Articles of Association with the amount determined in the
Rapat Umum Pemegang Saham. Berdasarkan persetujuan             General Meeting of Shareholders. Based on the approval
                                                                                                                                                                2
yang diberikan oleh pemegang saham pada Rapat Umum             granted by the shareholders at the Annual General Meeting




                                                                                                                                                  Management Report
                                                                                                                                                  Laporan Manajemen
Pemegang Saham (RUPS) Tahunan tahun 2023 yang                  of Shareholders (AGMS) in 2023 held on June 21, 2024 the
diselenggarakan pada tanggal 21 Juni 2024 pemegang             shareholders agreed not to distribute dividends on the
saham menyetujui untuk tidak membagikan dividen atas           Company's current year's comprehensive income for the
penghasilan komprehensif tahun berjalan Perseroan untuk        financial year ended on December 31, 2023.
tahun buku yang berakhir pada tanggal 31 Desember 2023.

                                                                                                                                                                3

KONTRIBUSI KEPADA NEGARA •




                                                                                                                                                  Company Profile
                                                                                                                                                  Profil Perusahaan
Contribution to the Nation
Pada tahun 2024, Perseroan membayarkan pajak kepada            In 2024, the Company paid taxes to the state amounting to
negara sebesar Rp174,54 miliar, lebih tinggi dari tahun 2023   Rp174.54 billion, higher than in 2023 which was Rp153.17
yaitu sebesar Rp153,17 miliar.                                 billion.                                                                                        4




                                                                                                                                        Discussion and Analysis
                                                                                                                                        Management
                                                                                                                                        Pembahasan Manajemen
                                                                                                                                        Analisis dan
                                                                                             dalam jutaan Rupiah | in million Rupiah

                      Jenis Pajak
                                                                     2024                                 2023
                      Type of Tax
 Pajak Pertambahan Nilai
                                                                                 146.181                                  129.899
 VAT
 Pajak Penghasilan:
 Income Tax:                                                                                                                                                   5
 Pasal 4(2)




                                                                                                                                                  Corporate Governance
                                                                                                                                                  Tata Kelola Perusahaan
                                                                                  1.060                                     3.706
 Article 4(2)
 Pasal 21
                                                                                 21.597                                    13.684
 Article 21
 Pasal 23
                                                                                   1.771                                    2.496
 Article 23
 Pasal 25
                                                                                  2.623                                      1.580
 Article 25
                                                                                                                                                               6
 Pasal 29                                                                                                                                         Sustainability Report
                                                                                   1.307                                     1.800                Laporan Keberlanjutan
 Article 29
 Jumlah
                                                                                174.539                                   153.165
 Total




REALISASI PENGGUNAAN
DANA HASIL PENAWARAN UMUM •                                                                                                                                      7
                                                                                                                                                  Financial Report
                                                                                                                                                  Laporan Keuangan




Realization of Use of Proceeds from Public Offering
Pada tahun 2024, Perseroan tidak melakukan Penawaran           The Company did not conduct a public offering in 2024,
Umum, sehingga tidak terdapat informasi mengenai total         therefore, there are no details regarding proceeds, use of
perolehan dana, rencana penggunaan dana, saldo dana,           funds, or any GMS approvals for changes in the use of funds.
dan tanggal persetujuan RUPS atas perubahan penggunaan
dana hasil penawaran umum.




                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                         93
Page 94
INFORMASI DAN FAKTA MATERIAL YANG TERJADI
SETELAH TANGGAL LAPORAN AKUNTAN •
Information and Material Facts Occurring After the Accountant’s
Report Date
Tidak terdapat informasi maupun akta material yang terjadi     No material information or events occurred subsequent to
setelah tanggal laporan akuntan pada tahun 2024.               the accountant's report date in 2024.



INFORMASI MATERIAL MENGENAI INVESTASI,
EKSPANSI, DIVESTASI, PENGGABUNGAN/
PELEBURAN USAHA, AKUISISI, RESTRUKTURISASI
UTANG/MODAL •
Material Information Regarding Investment, Expansion, Divestment,
Merger, Acquisition, Debt/Equity Restructuring
Di sepanjang tahun 2024, Perseroan tidak memiliki informasi    Throughout 2024, the Company had no material information
material mengenai investasi, ekspansi, divestasi,              regarding investment, expansion, divestment, business
penggabungan usaha, akuisisi, dan restrukturisasi utang/       merger, acquisition, and debt/equity restructuring that affected
modal yang berpengaruh terhadap kinerja keuangan maupun        the Company's financial or operational performance.
kinerja operasional Perseroan.



PROGRAM KEPEMILIKAN
SAHAM OLEH KARYAWAN DAN/ ATAU
MANAJEMEN (ESOP/MSOP) •
Employee and/or Management Stock
Ownership Program (ESOP/MSOP)

Perseroan tidak memiliki program kepemilikan saham bagi        The Company does not have a stock ownership program for
karyawan dan/atau manajemen, baik dalam bentuk Employee        employees and/or management, either in the form of an
Stock Option Program (ESOP) maupun Management Stock            Employee Stock Option Program (ESOP) or a Management
Option Program (MSOP).                                         Stock Option Program (MSOP).



INFORMASI TRANSAKSI MATERIAL YANG
MENGANDUNG BENTURAN KEPENTINGAN DAN/
ATAU TRANSAKSI DENGAN PIHAK AFILIASI •
Information on Material Transactions Involving Conflict of Interest
and/or Transactions with Affiliated Parties

Kebijakan tentang Pihak Afiliasi/Berelasi                      Policy on Affiliated/Related Parties

Perseroan mempunyai transaksi dengan pihak berelasi            The Company has transactions with related parties as defined
sebagaimana didefinisikan pada PSAK No. 7 tentang              in PSAK No. 7 concerning "Related Party Disclosures". The
“Pengungkapan Pihak-Pihak Berelasi”. Perseroan merupakan       Company is part of a group of entities, and as explained
bagian dari suatu kelompok usaha, dan sebagaimana dijelaskan   below, in carrying out its operations, it relates to and conducts
di bawah, dalam menjalankan operasinya berhubungan dan         transactions with related parties.
melakukan transaksi dengan pihak-pihak berelasi.


94   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 95
                                                                                                                                                          1




                                                                                                                                         Financial Summary
                                                                                                                                         Ikhtisar Keuangan
Transaksi dengan pihak berelasi dilakukan dengan persyaratan   Transactions with related parties are carried out under terms
dan kondisi yang disepakati masing-masing pihak.               and conditions agreed upon by each party.

Kewajaran dan Alasan Dilakukannya                              Fairness and Reasons for Transactions
                                                                                                                                                       2
Transaksi




                                                                                                                                         Management Report
                                                                                                                                         Laporan Manajemen
Seluruh transaksi pihak berelasi yang dilakukan Perseroan      All of the Company’s related party transactions in 2024 were
pada tahun 2024 dilakukan secara wajar (Arm’s Length) dan      carried out at arm's length and in accordance with normal
sesuai dengan persyaratan komersial normal. Kewajaran          commercial terms. The fairness of transactions with related
transaksi dengan pihak terkait atau mengandung benturan        parties or those containing conflicts of interest has been
kepentingan telah dilakukan secara wajar sesuai peraturan      implemented fairly in accordance with applicable laws and
perundang-undangan. Transaksi dilakukan atas dasar alasan      regulations. Transactions are conducted on the basis of the                             3




                                                                                                                                         Company Profile
                                                                                                                                         Profil Perusahaan
kebutuhan Perseroan dan bebas dari konflik kepentingan.        Company's needs and are free from conflicts of interest.

Nama dan Sifat Hubungan Berelasi                               Name and Nature of Affiliation

             Pihak Berelasi                            Sifat Relasi                            Sifat Transaksi
             Related Parties                      Nature of Relationship                    Nature of Transaction
                                                                                                                                                      4
 PT Inlife                                Pemegang Saham                           Aset lain-lain dan utang usaha




                                                                                                                               Discussion and Analysis
                                                                                                                               Management
                                                                                                                               Pembahasan Manajemen
                                                                                                                               Analisis dan
                                          Shareholder                              Other assets and trade payables
 PT Puragraha Dianpertiwi                 Pemegang Saham                           Aset lain-lain
                                          Shareholder                              Other assets




PERUBAHAN PERATURAN PERUNDANG-
UNDANGAN YANG BERDAMPAK TERHADAP                                                                                                                      5


PERUSAHAAN •



                                                                                                                                         Corporate Governance
                                                                                                                                         Tata Kelola Perusahaan
Changes in Laws and Regulations Impacting the Company
Di sepanjang tahun 2024 tidak terdapat perubahan peraturan     There were no regulatory changes affecting the Company's
perundang-undangan yang berdampak pada operasional             operations in 2024.
Perseroan.
                                                                                                                                                      6
                                                                                                                                         Sustainability Report
                                                                                                                                         Laporan Keberlanjutan


PERUBAHAN KEBIJAKAN AKUNTANSI •
Changes in Accounting Policies
Pada tahun 2024, tidak ada perubahan kebijakan akuntansi       There were no changes in accounting policies during the
yang berdampak pada operasional dan laporan keuangan           2024 financial year that had material impact on the Company's
Perseroan.                                                     operations and financial statements.
                                                                                                                                                        7
                                                                                                                                         Financial Report
                                                                                                                                         Laporan Keuangan




                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                95
Page 96
PROSPEK USAHA • Business Prospects

Bisnis jasa alih daya atau outsourcing di Indonesia merupakan   Outsourcing services business in Indonesia is legally recognized
hal yang legal dan dilindungi aturan. Pemerintah telah          and protected by regulations. The government has taken
mengambil langkah-langkah untuk mengatur industri               steps to govern the outsourcing industry, including establishing
outsourcing, termasuk menetapkan standar untuk perlindungan     standards for worker and data protection within Law No. 6
pekerja dan data dalam Undang-Undang Nomor 6 Tahun              of 2023 concerning the Stipulation of Government Regulation
2023 tentang Penetapan Peraturan Pemerintah Pengganti           in Lieu of Law No. 2 of 2022 on Job Creation into Law (“Job
UndangUndang Nomor 2 Tahun 2022 tentang Cipta Kerja             Creation Law 2023”). This regulation aims to foster a balanced
menjadi Undang-Undang (“UU Cipta Kerja 2023”). Regulasi         environment between business growth and the safeguarding
ini bertujuan untuk menciptakan lingkungan yang seimbang        of worker and consumer rights.
antara pertumbuhan bisnis dan perlindungan hak pekerja
dan konsumen.

Dengan perekonomian nasional yang membaik saat ini              With current improvement in the national economy post-
pasca Covid-19, perkembangan pasar tenaga kerja turut           Covid-19, the labor market is also experiencing positive
membaik. Pertumbuhan ekonomi yang stabil diharapkan             developments. Stable economic growth is anticipated to
mampu menciptakan tambahan lapangan kerja. Namun,               generate additional employment opportunities. However,
Bank Indonesia (BI) memprediksi bahwa pertumbuhan               Bank Indonesia (BI) projects that domestic economic growth
ekonomi domestik akan cenderung lebih rendah dari prakiraan     will likely be more moderate than previous forecasts. Exports
sebelumnya. Ekspor diprakirakan lebih rendah sehubungan         are predicted to be lower due to the slowdown in demand
dengan melambatnya permintaan negara-negara mitra               from key trading partners.
dagang utama.

Pada saat yang sama, dorongan investasi swasta juga belum       Concurrently, the impetus for private investment remains
kuat karena masih lebih besarnya kapasitas produksi dalam       somewhat subdued, primarily due to existing production
memenuhi permintaan, baik domestik maupun ekspor. Bank          capacity being sufficient to meet current demand, both
Indonesia memprakirakan pertumbuhan ekonomi Indonesia           domestically and for export. Bank Indonesia forecasts
2025 mencapai kisaran 4,7%–5,5%, sedikit lebih rendah           Indonesia's economic growth for 2025 to be in the range of
dari kisaran prakiraan sebelumnya 4,8%–5,6%. Kondisi ini        4.7%–5.5%, slightly lower than the previous forecast range
mungkin saja berdampak pada keputusan investasi dan             of 4.8%–5.6%. These conditions may potentially impact
belanja konsumen, serta penurunan daya beli masyarakat.         investment decisions, consumer spending, and a decrease
                                                                in public purchasing power.

Potensi pasar jasa outsourcing sendiri ke depannya masih        Looking ahead, market potential for outsourcing services
sangat lebar. Pertumbuhan ekonomi digital dan peningkatan       remains substantial. The growth of the digital economy and
kebutuhan akan layanan yang efisien akan terus mendorong        increasing demand for efficient service delivery will continue
pertumbuhan dalam industri outsourcing. Kolaborasi antara       to drive expansion within the outsourcing industry. Collaboration
perusahaan lokal dan global diharapkan akan semakin             between local and global companies is expected to further
meningkat, membawa dampak positif bagi ekonomi dan              intensify, yielding positive impacts for the economy and
masyarakat, kendati persaingan usaha masih akan sangat          society, notwithstanding the anticipated intense competitive
ketat.                                                          landscape.

Setiap perusahaan akan bersaing untuk mempekerjakan             Each company will compete to secure top-tier talent,
sumber daya terbaik, sehingga mereka pun akan berkompetisi      consequently leading to competition amongst individuals for
satu sama lain untuk mendapatkan pekerjaan terbaik pula.        optimal employment opportunities. With appropriate strategic
Dengan pendekatan yang tepat, memahami pasar dan tren           approach, a thorough understanding of the market, and an
peluang yang ada, Perseroan percaya akan mampu tumbuh           awareness of emerging trends, the Company maintains its
dan berkembang.                                                 confidence in its ability to achieve sustained growth and
                                                                development.




96   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 97
    Ikhtisar Keuangan       Laporan Manajemen       Profil Perusahaan       Analisis dan                                                      Tata Kelola Perusahaan       Laporan Keberlanjutan       Laporan Keuangan
1




                        2




                                                3




                                                                        4




                                                                                                                                     5




                                                                                                                                                                       6




                                                                                                                                                                                                   7
    Financial Summary       Management Report       Company Profile         Pembahasan Manajemen                                              Corporate Governance         Sustainability Report       Financial Report
                                                                            Management
                                                                            Discussion and Analysis




                                                                                                                                                                                                                          97
                                                                                                                                                                                                                          COMBINED REPORT • PT SHIELD ON SERVICES Tbk
                                                                                                      THIS PAGE IS INTENTIONALLY LEFT BLANK
                                                                                                       HALAMAN INI SENGAJA DIKOSONGKAN
Page 98
98   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 99
COMBINED REPORT • PT SHIELD ON SERVICES Tbk   99
Page 100
 KOMITMEN PENERAPAN TATA KELOLA •
 Commitment To Corporate Governance Implementation




 Penerapan Tata Kelola Perusahaan yang Baik merupakan        The implementation of Good Corporate Governance (GCG)
 salah satu indikator penting bagi Pemegang Saham untuk      is a critical indicator for shareholders to evaluate the Company's
 menilai kinerja Perseroan dan meyakini bahwa perusahaan     performance and gain confidence that the Company is
 telah dikelola dengan baik dan tepat serta diyakini mampu   managed soundly and appropriately, while safeguarding their
 untuk melindungi kepentingan para Pemegang Saham.           interests.

 Kami berkomitmen penuh melaksanakan prinsip-prinsip tata    We are fully committed to upholding the principles of GCG
 kelola perusahaan yang baik untuk membangun sistem          to establish a robust and healthy corporate system. GCG
 perusahaan yang kuat dan sehat. Tata kelola perusahaan      serves as one of the Company's benchmarks in making
 yang baik menjadi salah satu acuan Perseroan dalam          decisions and enhancing performance effectiveness.
 mengambil keputusan dan meningkatkan efektivitas kinerja.

 Dengan melaksanakan tata kelola perusahaan secara baik      By implementing GCG in a proper and effective manner, the
 dan efektif, Perseroan berkeyakinan mampu membangun         Company believes it can build business sustainability and
 kesinambungan usaha dan memberikan nilai tambah bagi        provide added value to shareholders and other stakeholders,
 para pemegang saham dan pemangku kepentingan lainnya,       while preserving the environment and surrounding communities.
 serta menjaga kelangsungan lingkungan dan masyarakat
 sekitar.




100   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 101
DASAR PENERAPAN TATA KELOLA •
Basis for Corporate Governance Implementation                                                                                                                1




                                                                                                                                            Financial Summary
                                                                                                                                            Ikhtisar Keuangan
Dengan berlandaskan pada peraturan perundang-undangan          Based on prevailing laws, regulations, and ethical values, the
dan nilai-nilai etika, Perseroan senantiasa memperhatikan      Company always adheres to applicable regulations while
ketentuan yang berlaku dengan disertai upaya dalam             endeavoring to foster a GCG-conscious culture throughout
menumbuhkan budaya sadar GCG di seluruh lapisan                all management levels. This effort aims to promote the creation
                                                                                                                                                          2
manajemen. Upaya ini bertujuan untuk mendorong terciptanya     of a conducive and responsible work environment, improve




                                                                                                                                            Management Report
                                                                                                                                            Laporan Manajemen
iklim kerja yang kondusif dan bertanggung jawab,               business success and accountability, as well as realize long-
meningkatkan keberhasilan usaha dan akuntabilitas, serta       term shareholder value.
mewujudkan nilai pemegang saham dalam jangka panjang.

Penerapan best practice GCG di Perseroan mengacu pada          The implementation of GCG best practices within the Company
regulasi dan peraturan perundang-undangan yang berlaku,        adheres to prevailing laws and regulations, namely:
yaitu:                                                                                                                                                    3




                                                                                                                                            Company Profile
                                                                                                                                            Profil Perusahaan
    1. Undang-Undang:                                             1.   Laws:
       • Undang-Undang No. 40 Tahun 2007 tentang                       • Law No. 40 of 2007 on Limited Liability Companies;
           Perseroan Terbatas;
       • Undang-Undang No. 8 Tahun 1995 tentang Pasar                  •   Law No. 8 of 1995 on Capital Market;
           Modal;
       • Undang-Undang No. 20 Tahun 2001 tentang                       •   Law No. 20 of 2001 on the Amendment to Law
           Perubahan atas UU No. 31 Tahun 1999 tentang                     No. 31 of 1999 on the Eradication of Criminal Acts                            4
           Pemberantasan Tindak Pidana Korupsi;                            of Corruption;




                                                                                                                                  Discussion and Analysis
                                                                                                                                  Management
                                                                                                                                  Pembahasan Manajemen
                                                                                                                                  Analisis dan
       • Undang-Undang No. 14 Tahun 2008 tentang                       •   Law No. 14 of 2008 on Public Information Disclosure;
           Keterbukaan Informasi;
       • Undang-Undang Republik Indonesia No. 8 Tahun                  •   Republic of Indonesia Law No. 8 of 2010 on the
           2010 tentang Pencegahan dan Pemberantasan                       Prevention and Eradication of the Crime of Money
           Tindak Pidana Pencucian Uang;                                   Laundering;
       • Undang-Undang Republik Indonesia No. 19 Tahun                 •   Republic of Indonesia Law No. 19 of 2016 on the
           2016 tentang Perubahan atas Undang-Undang                       Amendment to Law No. 11 of 2008 regarding
           No. 11 Tahun 2008 tentang Informasi dan Transaksi               Electronic Information and Transactions.                                      5




                                                                                                                                            Corporate Governance
                                                                                                                                            Tata Kelola Perusahaan
           Elektronik.
    2. Peraturan perundang-undangan di bidang Pasar               2. Regulations in the Capital Market Sector, including:
       Modal, di antaranya:
       • Peraturan OJK No. 33/POJK.04/2014 tentang                     •   OJK Regulation No. 33/POJK.04/2014 concerning
           Direksi dan Dewan Komisaris Emiten atau                         the Board of Directors and the Board of
           Perseroan Publik;                                               Commissioners of Issuers or Public Companies;
       • Peraturan OJK No. 34/POJK.04/2014 tentang                     •   OJK Regulation No. 34/POJK.04/2014 on the
           Komite Nominasi dan Remunerasi Emiten atau                      Nomination and Remuneration Committee of                                      6
           Perseroan Publik;                                               Issuers or Public Companies;                                     Sustainability Report
                                                                                                                                            Laporan Keberlanjutan
       • Peraturan OJK No. 35/POJK.04/2014 tentang                     •   OJK Regulation No. 35/POJK.04/2014 on the
           Sekretaris Perseroan Emiten atau Perseroan                      Corporate Secretary of Issuers or Public Companies;
           Publik;
       • Peraturan OJK No. 8/POJK.04/2015 tentang Situs                •   OJK Regulation No. 8/POJK.04/2015 on the Website
           Web Emiten atau Perseroan Publik;                               of Issuers or Public Companies;
       • Peraturan OJK No. 21/POJK.04/2015 tentang                     •   OJK Regulation No. 21/POJK.04/2015 on the
           Pedoman Tata Kelola Perusahaan Terbuka;                         Guidelines for Good Corporate Governance of
                                                                           Public Companies;                                                               7
                                                                                                                                            Financial Report
                                                                                                                                            Laporan Keuangan




       •   Peraturan OJK No. 31/POJK.04/2015 tentang                   •   OJK Regulation No. 31/POJK.04/2015 on the
           Keterbukaan atas Informasi atau Fakta Material                  Disclosure of Material Information or Facts by
           oleh Emiten atau Perseroan Publik;                              Issuers or Public Companies;
       •   Peraturan OJK No. 29/POJK.04/2016 tentang                   •   OJK Regulation No. 29/POJK.04/2016 on the
           Laporan Tahunan Emiten atau Perseroan Publik;                   Annual Report of Issuers or Public Companies;
       •   Peraturan OJK No.60/POJK.04/2015 tentang                    •   OJK Regulation No. 60/POJK.04/2015 on the
           Keterbukaan Informasi Pemegang Saham Tertentu;                  Disclosure of Information by Certain Shareholders;
       •   Peraturan OJK No.7/POJK.04/2018 tentang                     •   OJK Regulation No. 7/POJK.04/2018 on the
           Penyampaian Laporan Melalui Sistem Pelaporan                    Submission of Reports Through the Electronic


                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                  101
Page 102
                Elektronik Emiten atau Perseroan Publik;                      Reporting System for Issuers or Public Companies;
            •   Surat Edaran OJK No. 32/SEOJK.04/2015 tentang             •   OJK Circular Letter No. 32/SEOJK.04/2015 on the
                Pedoman Tata Kelola Perusahaan Terbuka;                       Guidelines for Good Corporate Governance of
                                                                              Public Companies;
            •   Peraturan Otoritas Jasa Keuangan No. 15/                  •   Financial Services Authority Regulation No. 15/
                POJK.04/2020 tentang Rencana dan                              POJK.04/2020 on the Plans and Implementation
                Penyelenggaraan Rapat Umum Pemegang Saham                     of General Meetings of Shareholders of Public
                Perseroan Terbuka;                                            Companies;
            •   Peraturan Otoritas Jasa Keuangan No. 16/                  •   Financial Services Authority Regulation No. 16/
                POJK.04/2020 tentang Pelaksanaan Rapat Umum                   POJK.04/2020 on the Implementation of General
                Pemegang Saham Perseroan Terbuka Secara                       Meetings of Shareholders of Public Companies
                Elektronik;                                                   Electronically;
            •   Surat Edaran OJK No. 16/SEOJK.04/2021 tentang             •   OJK Circular Letter No. 16/SEOJK.04/2021 on the
                Bentuk dan Isi Laporan Tahunan Emiten atau                    Forms and Contents of Annual Report of Issuers
                Perseroan Publik;                                             or Public Companies;
            •   Surat Keputusan Direksi PT Bursa Efek Indonesia           •   Decree of the Board of Directors of the Indonesia
                No. Kep-00015/BEI/01-2021 tentang Perubahan                   Stock Exchange No. Kep-00015/BEI/01-2021 on
                Peraturan Nomor I-E tentang Kewajiban                         the Amendment to Regulation No. I-E regarding
                Penyampaian Informasi.                                        Obligation to Submit Information.

 TUJUAN PENERAPAN TATA                                             OBJECTIVES OF CORPORATE
 KELOLA PERUSAHAAN                                                 GOVERNANCE IMPLEMENTATION
 Tujuan penerapan GCG di Perseroan adalah sebagai berikut:         The purpose of Good Corporate Governance (GCG)
                                                                   implementation within the Company is as follows:
      1.    Memaksimalkan nilai-nilai inti Perseroan dengan cara      1. To maximize the Company's core values by enhancing
            meningkatkan prinsip keterbukaan, akuntabilitas,             the principles of transparency, accountability,
            dapat dipercaya, serta dapat dipertanggungjawabkan;          trustworthiness, and responsibility;
      2.    Memastikan pengelolaan Perseroan dilakukan secara         2. To ensure the Company's management is conducted
            profesional, transparan, dan efisien;                        professionally, transparently, and efficiently;
      3.    Mewujudkan kemandirian dalam membuat keputusan            3. To realize independence in decision-making in
            sesuai dengan peran dan tanggung jawab masing-               accordance with the respective roles and responsibilities
            masing pimpinan dalam Perseroan tersebut;                    of each leader within the Company;
      4.    Memastikan setiap karyawan dalam Perseroan                4. To ensure that every employee within the Company
            berperan sesuai wewenang dan tanggung jawab                  plays a role in accordance with the authority and
            yang telah ditetapkan;                                       responsibilities that have been determined;
      5.    Mewujudkan praktik bisnis yang sejalan dengan             5. To realize business practices that are in line with the
            prinsip-prinsip Good Corporate Governance (GCG)              principles of Good Corporate Governance (GCG)
            secara konsisten agar terciptanya budaya Perseroan           consistently so that a good Company culture is created,
            yang baik, sehingga dapat meningkatkan nilai                 thereby increasing the value of the Company by
            Perseroan dengan memberikan kepastian dan                    providing certainty and confidence to stakeholders.
            keyakinan kepada para pemangku kepentingan.

 PRINSIP-PRINSIP TATA KELOLA                                       PRINCIPLES OF GOOD
 PERUSAHAAN                                                        CORPORATE GOVERNANCE
 Penjelasan prinsip-prinsip dasar di atas dan penerapannya         The explanation of the basic principles above and their
 secara umum di lingkup Perusahaan adalah sebagai berikut:         general application within the Company are as follows:
    1. Keterbukaan                                                    1. Transparency
        Perseroan senantiasa mempraktikan prinsip-prinsip                The Company consistently practices the principles
        keterbukaan dengan mengungkapkan informasi                       of transparency by disclosing material information
        penting yang sesuai dengan prinsip keterbukaan                   that is in accordance with the principle of transparency
        dan ketentuan yang berlaku secara memadai dan                    and applicable regulations adequately and in a timely
        tepat waktu, yang dimuat dalam situs web Perseroan,              manner, which is published on the Company’s website,


102        COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 103
                                                                                                                                                           1




                                                                                                                                          Financial Summary
                                                                                                                                          Ikhtisar Keuangan
     media cetak dan elektronik, serta kanal-kanal informasi         print and electronic media, as well as other information
     lainnya. Namun demikian, prinsip keterbukaan tetap              channels. However, the principle of transparency still
     memperhatikan rahasia Perseroan dan hak-hak                     takes into account the Company’s confidential
     pribadi sesuai dengan ketentuan dan peraturan yang              information and personal rights in accordance with
                                                                                                                                                        2
     berlaku.                                                        applicable regulations and laws.




                                                                                                                                          Management Report
                                                                                                                                          Laporan Manajemen
2.   Akuntabilitas                                                2. Accountability
     Perseroan telah menetapkan masing-masing tugas                  The Company has clearly defined the respective
     dan tanggung jawab secara jelas dari setiap organ               duties and responsibilities of each organ within the
     yang ada dalam Perseroan. Setiap organ dan jajaran              Company. Each organ and its subordinates have the
     di bawahnya memiliki kompetensi untuk bertanggung               competence to be responsible for the tasks they have
     jawab terhadap tugas yang dimilikinya dalam rangka              in order to achieve the Company’s business goals
     mencapai sasaran dan target usaha Perseroan. Pada               and targets. In practice, there are three levels of                                3




                                                                                                                                          Company Profile
                                                                                                                                          Profil Perusahaan
     praktiknya, terdapat tiga tingkatan akuntabilitas,              accountability, namely:
     yakni:
     a. Individual, mengacu pada hubungan dalam konteks              a. Individual, referring to the relationship in the
         atasan-bawahan, di mana atasan bertanggung                     context of superiors and subordinates, where
         jawab untuk memberikan arahan, bimbingan dan                   superiors are responsible for providing direction,
         sumber daya yang diperlukan serta menghindari                  guidance and necessary resources and avoiding
         kendala yang dapat mempengaruhi kinerja.                       obstacles that may affect performance. While                                   4
         Sedangkan bawahan bertanggung jawab untuk                      subordinates are responsible for completing




                                                                                                                                Discussion and Analysis
                                                                                                                                Management
                                                                                                                                Pembahasan Manajemen
                                                                                                                                Analisis dan
         menyelesaikan tugas.                                           duties.
     b. Tim, mengacu pada akuntabilitas yang ditanggung              b. Team, referring to the accountability borne jointly
         bersama oleh suatu unit kerja atas terlaksana/                 by a work unit for the implementation/non-
         tidaknya sebuah tugas.                                         implementation of a task.
     c. Korporasi, mengacu pada akuntabilitas Perseroan              c. Corporate, referring to the Company’s accountability
         dalam menjalankan peranan sebagai entitas                      in carrying out its role as a business entity.
         bisnis.
3.   Pertanggungjawaban                                           3. Responsibility                                                                    5




                                                                                                                                          Corporate Governance
                                                                                                                                          Tata Kelola Perusahaan
     Dalam menjalankan aktivitas usaha dan operasionalnya,           In carrying out its business and operational activities,
     Perseroan senantiasa patuh terhadap ketentuan dan               the Company always complies with the prevailing
     peraturan perundang-undangan yang berlaku. Sebagai              laws and regulations. As a good corporate citizen,
     good corporate citizen, Perseroan juga peduli terhadap          the Company also cares about environmental
     keberlangsungan lingkungan dan menjalankan                      sustainability and carries out corporate social
     tanggung jawab sosial perusahaan secara wajar dan               responsibility fairly and in accordance with applicable
     sesuai dengan ketentuan yang berlaku.                           regulations.
4.   Independensi                                                 4. Independence                                                                      6
     Dalam setiap aktivitas usaha dan keputusan yang                 In every business activity and decision taken, the                   Sustainability Report
                                                                                                                                          Laporan Keberlanjutan
     diambil, Perseroan selalu menghindari kepentingan               Company always avoids unilateral interests and conflicts
     sepihak dan benturan kepentingan. Keputusan yang                of interest. Decisions taken must be objective and
     diambil harus objektif dan bebas dari tekanan pihak             free from pressure from any party.
     manapun.
5.   Kewajaran                                                    5. Fairness
     Perseroan senantiasa memperhatikan seluruh                      The Company always considers the interests of all
     kepentingan dari para pemangku kepentingan                      stakeholders based on the principles of equality and
     berdasarkan asas kesetaraan dan kewajaran (equal                fairness (equal treatment). The Company also always                                 7
                                                                                                                                          Financial Report
                                                                                                                                          Laporan Keuangan




     treatment). Perseroan juga selalu memberikan                    provides opportunities for stakeholders to provide
     kesempatan kepada pemangku kepentingan untuk                    input and opinions for the benefit of the Company,
     memberikan masukan dan pendapat bagi kepentingan                and provides access to important information in
     Perseroan, serta memberikan akses terhadap informasi            accordance with the provisions in the principle of
     penting sesuai ketentuan dalam prinsip                          transparency.
     keterbukaan.




                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                103
Page 104
 KESESUAIAN PENERAPAN                                                THE COMPANY'S GCG
 GCG PERSEROAN TERHADAP                                              IMPLEMENTATION COMPLIANCE
 PERATURAN OTORITAS JASA                                             WITH FINANCIAL SERVICES
 KEUANGAN (OJK) NO. 21/                                              AUTHORITY (OJK) REGULATION
 POJK.04/2015                                                        NO. 21/POJK.04/2015
 Pedoman Tata Kelola Perusahaan Terbuka diatur berdasarkan           Guidelines for Good Corporate Governance of Public
 POJK No.21/POJK.04/2015 yang dijabarkan dalam SEOJK                 Companies are regulated based on POJK No.21/POJK.04/2015
 31/2015. Peraturan dan Surat Edaran OJK tersebut memuat             which is elaborated in SEOJK 31/2015. The OJK Regulation
 5 aspek tata kelola perusahaan terbuka, 8 prinsip tata kelola       and Circular Letter contain 5 aspects of governance of public
 perusahaan yang baik, serta 25 rekomendasi penerapan                companies, 8 principles of good corporate governance, and
 aspek dan prinsip tata kelola perusahaan yang baik.                 25 recommendations for implementing aspects and principles
                                                                     of good corporate governance.


                  Prinsip                    Rekomendasi                    Penjelasan Penerapan di SOS                        Keterangan
  No
                 Principle                  Recommendation                Description of Implementation in SOS                    Note
      I    Aspek 1 : Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam menjamin hak-hak Pemegang Saham.
           Aspect 1: The Relationship Between the Public Company and Shareholders to Ensure Shareholder Rights.
           Prinsip 1                 Perusahaan Terbuka memiliki cara      Perusahaan mempunyai prosedur pengambilan
           Meningkatkan Nilai        atau prosedur teknis pengumpulan      suara dalam pengambilan keputusan atas
           Penyelenggaraan RUPS      suara (voting) baik secara terbuka    suatu mata acara yang tercantum dalam Tata
           Principle 1               maupun tertutup yang mengedepankan    Tertib RUPS, di mana Tata Tertib RUPS telah
           Increasing the Value of   independensi dan kepentingan          disampaikan kepada Pemegang Saham
           General Meeting of        pemegang saham.                       sebelum Rapat dimulai. Pada RUPS Tahunan,
           Shareholders                                                    Perusahaan telah menunjuk pihak independen
                                     The Public Company has methods or yaitu Biro Administrasi Efek dan Notaris dalam Terpenuhi
                                     technical procedures for voting, both melakukan proses penghitungan suara dan/ Comply
                                     open and closed, that prioritize atau melakukan validasi dalam rapat. Tata
                                     independence and shareholders’ Tertib RUPS termuat di situs web www.sos.
                                     interests.                            co.id sejak Pengumuman Panggilan. Pada
                                                                           hari pelaksanaan dibagikan kepada Pemegang
                                                                           Saham yang hadir saat registrasi, serta
                                                                           dibacakan oleh Petugas RUPS sebelum RUPS
                                                                           dimulai.

                                                                          The Company has procedures for voting on
                                                                          decisions regarding agenda items outlined
                                                                          in the Articles of Association, where the Articles
                                                                          of Association have been provided to
                                                                          Shareholders before the meeting begins. At
                                                                          the Annual General Meeting, the Company
                                                                          has appointed an independent parties, namely
                                                                          the Securities Administration Bureau and
                                                                          Notary, to conduct the vote counting process
                                                                          and/or validate the meeting. The Articles of
                                                                          Association is available on the website www.
                                                                          sos.co.id since the Announcement of the
                                                                          Meeting. On the day of the meeting, it will be
                                                                          distributed to Shareholders present during
                                                                          registration and read by the Meeting Officer
                                                                          before the Meeting commences.




104       COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 105
                                                                                                                                                                 1




                                                                                                                                                Financial Summary
                                                                                                                                                Ikhtisar Keuangan
             Prinsip                     Rekomendasi                       Penjelasan Penerapan di SOS                Keterangan
No
            Principle                   Recommendation                   Description of Implementation in SOS            Note
                                Seluruh anggota Direksi dan anggota Seluruh anggota Direksi dan Dewan Komisaris
                                Dewan Komisaris Perusahaan Terbuka SOS hadir dalam RUPS Tahunan tanggal 21 Terpenuhi
                                hadir dalam RUPS Tahunan.                   Juni 2024. Direksi dan Dewan Komisaris yang Comply                                2
                                                                            hadir memberikan penjelasan kepada




                                                                                                                                                Management Report
                                                                                                                                                Laporan Manajemen
                                All members of the Board of Directors Pemegang Saham atas setiap agenda RUPS
                                and the Board of Commissioners of dan Rapat dilaksanakan dengan baik.
                                the Public Company attended the
                                A n n u a l G e n e r a l M e e t i n g o f All members of the Board of Directors and
                                Shareholders.                               the Board of Commissioners of SOS were
                                                                            present at the Annual General Meeting on
                                                                            June 21, 2024. The Board of Directors and
                                                                            the Board of Commissioners in attendance                                          3
                                                                            provided explanations to the Shareholders




                                                                                                                                                Company Profile
                                                                                                                                                Profil Perusahaan
                                                                            on each agenda item of the meetings, and
                                                                            the meetings were conducted smoothly.
                                Ringkasan risalah RUPS tersedia dalam    SOS mengunggah Ringkasan Risalah RUPS
                                Situs Web Perusahaan Terbuka paling      bersamaan dengan diberikannya Ringkasan
                                sedikit selama 1 (satu) tahun.           Risalah ke OJK dan BEI. Ringkasan Risalah
                                The summary of the minutes of the        RUPS sejak tahun 2017 hingga saat ini tersedia Terpenuhi
                                General Meeting of Shareholders is       di situs web SOS.                              Comply
                                available on the Public Company’s        SOS uploads the summary of the minutes of                                           4




                                                                                                                                      Discussion and Analysis
                                                                                                                                      Management
                                                                                                                                      Pembahasan Manajemen
                                                                                                                                      Analisis dan
                                Website for at least 1 (one) year.       the General Meeting of Shareholders
                                                                         simultaneously with its submission to the OJK
                                                                         and IDX. The summary of the minutes of the
                                                                         General Meeting of Shareholders from 2017
                                                                         until the present is available on the SOS
                                                                         website.
     Prinsip 2                  Perusahaan Terbuka memiliki suatu        Kebijakan Komunikasi dengan Pemegang
     Meningkatkan Kualitas      kebijakan komunikasi dengan              Saham yang dilakukan oleh SOS di antaranya
     Komunikasi Perusahaan      pemegang saham atau investor.            melalui pelaksanaan RUPS, Paparan Publik,
     Terbuka dengan             The Public Company has a                 publikasi Laporan Keuangan Triwulanan dan Terpenuhi                                 5
     Pemegang Saham atau        communication policy with shareholders   Tahunan, serta melakukan keterbukaan Comply




                                                                                                                                                Corporate Governance
                                                                                                                                                Tata Kelola Perusahaan
     Investor                   or investors.                            informasi secara akurat dan tepat waktu. SOS
     Principle 2                                                         juga menyediakan informasi alamat kantor
     Improving the Quality of                                            pusat dan cabang, alamat e-mail dan nomor
     Communication of the                                                telepon baik dalam situs web maupun Laporan
     Public Company with                                                 Tahunan sebagai sarana bagi Pemegang
     Shareholders or                                                     Saham maupun Pemangku Kepentingan
     Investors                                                           lainnya agar dapat melakukan komunikasi
                                                                         dengan SOS dengan mudah.
                                                                         The shareholder communication policy
                                                                                                                                                             6
                                                                         conducted by SOS includes conducting General
                                                                                                                                                Sustainability Report
                                                                         Meetings of Shareholders (RUPS), Public                                Laporan Keberlanjutan
                                                                         Presentations, publishing Quarterly and Annual
                                                                         Financial Reports, as well as providing accurate
                                                                         and timely information disclosure. SOS also
                                                                         provides information such as the headquarters
                                                                         and branch office addresses, email addresses,
                                                                         and telephone numbers on its website and
                                                                         Annual Reports as a means for shareholders
                                                                         and other stakeholders to easily communicate
                                                                         with SOS.
                                                                                                                                                               7
                                                                                                                                                Financial Report
                                                                                                                                                Laporan Keuangan




                                                                   COMBINED REPORT • PT SHIELD ON SERVICES Tbk                      105
Page 106
                    Prinsip                      Rekomendasi                       Penjelasan Penerapan di SOS                     Keterangan
  No
                   Principle                    Recommendation                   Description of Implementation in SOS                 Note
      II    Aspek 2: Fungsi dan Peran Dewan Komisaris
            Aspect 2: Function and Role of the Board of Commissioners
            Prinsip 3                   Penentuan jumlah anggota Dewan Dalam Pedoman Dewan Komisaris SOS,
            Memperkuat                  Komisaris mempertimbangkan kondisi tercantum persyaratan nominasi anggota
            Keanggotaan dan             Perusahaan Terbuka.                   Dewan Komisaris dengan mempertimbangkan
            Komposisi Dewan                                                   kebutuhan, kondisi, dan kemampuan SOS.
            Komisaris                   The determination of the number of Per 31 Desember 2024, Dewan Komisaris Terpenuhi
            Principle 3                 members of the Board of Commissioners SOS berjumlah 5 orang, dan salah satunya Comply
            Strengthening the           considers the condition of the Public merupakan Komisaris Independen.
            Membership and              Company.
            Composition of the                                                In the SOS Board of Commissioners Guidelines,
            Board of Commissioners                                            there are criteria for nominating members of
                                                                              the Board of Commissioners, considering the
                                                                              needs, conditions, and capabilities of SOS.
                                                                              As of December 31, 2024, the Board of
                                                                              Commissioners of SOS consists of 5 individuals,
                                                                              one of whom is an Independent Commissioner
                                        Penentuan komposisi anggota Dewan    Dewan Komisaris SOS memiliki latar belakang
                                        Komisaris memperhatikan              yang beragam dalam hal keahlian,
                                        keberagaman keahlian, pengetahuan,   pengetahuan, dan pengalaman, yang Terpenuhi
                                        dan pengalaman yang dibutuhkan.      bertujuan untuk mendukung perkembangan Comply
                                                                             bisnis SOS. Hal tersebut dapat dilihat dari
                                        The determination of the composition profil masing-masing Dewan Komisaris.
                                        of the Board of Commissioners
                                        considers diversity in expertise, The Board of Commissioners of SOS has
                                        knowledge, and experience needed. diverse backgrounds in terms of expertise,
                                                                             knowledge, and experience, aimed at
                                                                             supporting the development of SOS business.
                                                                             This can be seen from the profiles of each
                                                                             Commissioner.
                                        Dewan Komisaris mempunyai kebijakan Penilaian kinerja Dewan Komisaris diatur
                                        penilaian sendiri (Self Assessment) dalam Pedoman Dewan Komisaris dan
                                        untuk menilai kinerja Dewan Komisaris. Pedoman Komite Nominasi dan Remunerasi
                                                                               yang dapat diakses melalui situs web SOS. Terpenuhi
                                                                                                                           Comply
                                        The Board of Commissioners has a The performance evaluation of the Board of
                                        self-assessment policy to evaluate its Commissioners is regulated in the Board of
                                        performance.                           Commissioners Guidelines and the Nomination
                                                                               and Remuneration Committee Guidelines,
                                                                               accessible through the SOS website.
            Prinsip 4                   Kebijakan penilaian sendiri (Self        Penilaian kinerja Dewan Komisaris telah diatur
            Meningkatkan Kualitas       Assessment) untuk menilai kinerja        dalam Pedoman Dewan Komisaris dan
            Pelaksanaan Tugas dan       Dewan Komisaris diungkapkan melalui      Pedoman Komite Nominasi dan Remunerasi
            Tanggung Jawab              Laporan Tahunan Perusahaan Terbuka.      diungkapkan dalam bagian Tata Kelola
            Dewan Komisaris                                                      Perusahaan yang Baik dalam Laporan Tahunan Terpenuhi
            Principle 4                 The self-assessment policy to evaluate   ini.                                           Comply
            Increasing the Quality of   the Board of Commissioners’
            the Board of                performance is disclosed in the Annual The performance evaluation of the Board of
            Commissioners’ Duties       Report of the Public Company.          Commissioners has been stipulated in the
            and Responsibilities                                               Board of Commissioners Guidelines and the
                                                                               Nomination and Remuneration Committee
                                                                               Guidelines, disclosed in the Good Corporate
                                                                               Governance section of this Annual Report.
                                        Dewan Komisaris mempunyai kebijakan      Pedoman Dewan Komisaris secara tegas
                                        terkait pengunduran diri anggota         menyatakan jabatan Dewan Komisaris berakhir
                                        Dewan Komisaris apabila terlibat dalam   apabila terlibat dalam tindakan kejahatan         Terpenuhi
                                        kejahatan keuangan.                      keuangan.                                         Comply

                                        The Board of Commissioners has a         The Board of Commissioners Guidelines
                                        policy regarding the resignation of      expressly state that the position of the Board
                                        Board members if they are involved       of Commissioners ended if involved in financial
                                        in financial crimes.                     crimes.




106        COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 107
                                                                                                                                                                1




                                                                                                                                               Financial Summary
                                                                                                                                               Ikhtisar Keuangan
              Prinsip                     Rekomendasi                       Penjelasan Penerapan di SOS                 Keterangan
No
             Principle                   Recommendation                   Description of Implementation in SOS             Note
                                 Dewan Komisaris atau Komite yang         Kebijakan suksesi telah diatur dalam Piagam
                                 menjalankan fungsi Nominasi dan          Komite Nominasi dan Remunerasi dan
                                 Remunerasi menyusun kebijakan            diungkapkan dalam Laporan Pelaksanaan                                              2
                                 suksesi dalam proses Nominasi            Tugas Komite Nominasi dan Remunerasi Terpenuhi




                                                                                                                                               Management Report
                                                                                                                                               Laporan Manajemen
                                 anggota Direksi.                         dalam Laporan Tahunan ini.                  Comply

                                 The Board of Commissioners or the        The succession policy has been established
                                 Nomination and Remuneration              in the Charter of the Nomination and
                                 Committee that performs the nomination   Remuneration Committee and is disclosed in
                                 function prepares a succession policy    the Implementation Report of the Nomination
                                 in the Board of Directors’ nomination    and Remuneration Committee’s Duties in this
                                 process.                                 Annual Report.                                                                     3




                                                                                                                                               Company Profile
                                                                                                                                               Profil Perusahaan
III   Aspek 3 : Fungsi dan Peran Direksi
      Aspect 3: Function and Role of the Board of Directors
      Prinsip 5                  Penentuan jumlah anggota Direksi      Direksi diangkat dan diberhentikan oleh
      Memperkuat                 mempertimbangkan kondisi              RUPS. Penentuan jumlah anggota Direksi
      Keanggotaan dan            Perusahaan Terbuka serta efektivitas  telah mempertimbangkan kondisi Perusahaan
      Komposisi Direksi          dalam pengambilan keputusan.          Terbuka serta efektivitas dalam pengambilan
      Principle 5                                                      keputusan yang mengacu pada Anggaran
      Strengthening the          The determination of the number of Dasar Perseroan dan Peraturan Perundang-                                                4
      Membership and             members of the Board of Directors undangan yang berlaku. Jumlah Direksi per Terpenuhi




                                                                                                                                     Discussion and Analysis
                                                                                                                                     Management
                                                                                                                                     Pembahasan Manajemen
                                                                                                                                     Analisis dan
      Composition of the         considers the condition of the Public tanggal 31 Desember 2024 adalah 4 orang. Comply
      Board of Directors         Company as well as effectiveness in
                                 decision-making.                      The Board of Directors is appointed and
                                                                       dismissed by the General Meeting of
                                                                       Shareholders (RUPS). The determination of
                                                                       the number of members of the Board of
                                                                       Directors has taken into account the condition
                                                                       of the Public Company as well as the
                                                                       effectiveness in decision-making, referring to
                                                                       the Company’s Articles of Association and                                            5
                                                                       applicable regulations. As of December 31,




                                                                                                                                               Corporate Governance
                                                                                                                                               Tata Kelola Perusahaan
                                                                       2024, the number of the Board of Directors
                                                                       are 4 people.
                                 Penentuan komposisi anggota              Direksi SOS memiliki latar belakang yang
                                 Direksi memperhatikan,                   beragam dalam hal keahlian, pengetahuan,
                                 keberagaman keahlian,                    dan pengalaman, yang bertujuan untuk
                                 pengetahuan, dan pengalaman              mendukung perkembangan bisnis SOS.       Terpenuhi
                                 yang dibutuhkan.                         Hal tersebut dapat dilihat dari profil   Comply
                                                                          masing-masing Direksi.
                                 The determination of the                                                                                                   6
                                 composition of the Board of              The Board of Directors of SOS possesses                              Sustainability Report
                                                                                                                                               Laporan Keberlanjutan
                                 Directors considers the diversity of     diverse backgrounds in terms of expertise,
                                 expertise, knowledge, and                knowledge, and experience, aimed at
                                 experience needed.                       supporting the development of Company’s
                                                                          business. This can be observed from the
                                                                          profile of each Director.
                                 Anggota Direksi yang membawahi SOS memiliki Direktur dengan keahlian dan
                                 bidang akuntansi atau keuangan pengetahuan di bidang akuntasi dan
                                 m e m i l i k i k e a h l i a n d a n / a t a u keuangan.                             Terpenuhi
                                 pengetahuan di bidang akuntansi.                                                      Comply
                                                                                                                                                              7
                                                                                 SOS has a Director with expertise and
                                                                                                                                               Financial Report
                                                                                                                                               Laporan Keuangan




                                 Members of the Board of Directors knowledge in the field of accounting and
                                 overseeing accounting or financial finance.
                                 fields possess expertise and/or
                                 knowledge in accounting.




                                                                    COMBINED REPORT • PT SHIELD ON SERVICES Tbk                    107
Page 108
                Prinsip                      Rekomendasi                        Penjelasan Penerapan di SOS                        Keterangan
  No
               Principle                    Recommendation                    Description of Implementation in SOS                    Note
        Prinsip 6                   Direksi mempunyai kebijakan penilaian Penilaian kinerja Direksi diatur dalam Pedoman
        Meningkatkan Kualitas       sendiri (Self Assessment) untuk menilai Direksi dan Pedoman Komite Nominasi dan
        Pelaksanaan Tugas dan       kinerja Direksi.                        Remunerasi.                                  Terpenuhi
        Tanggung Jawab                                                                                                   Comply
        Direksi                     The Board of Directors has a self- The performance assessment of the Board
        Principle 6                 assessment policy in place to evaluate of Directors is regulated in the Board Manual
        Increasing the Quality of   the performance of the Board of and the Nomination and Remuneration
        the Board of Directors’     Directors                               Committee Manual.
        Duties and
                                    Kebijakan penilaian sendiri (Self         Penilaian kinerja Direksi telah diatur dalam
        Responsibilities
                                    Assessment) untuk menilai kinerja         Pedoman Direksi dan Pedoman Komite
                                    Direksi diungkapkan melalui laporan       Nominasi dan Remunerasi diungkapkan dalam
                                    tahunan Perusahaan Terbuka.               bagian Tata Kelola Perusahaan dalam Laporan Terpenuhi
                                                                              Tahunan ini.                                 Comply

                                    The self-assessment policy for            The performance assessment of the Board
                                    evaluating the performance of the         of Directors has been regulated in the Board
                                    Board of Directors is disclosed through   Manual and the Nomination and Remuneration
                                    the annual report of the Public           Committee Manual, as disclosed in the
                                    Company.                                  Corporate Governance section of this Annual
                                                                              Report.
                                    Direksi mempunyai kebijakan terkait Pedoman Direksi SOS secara tegas
                                    pengunduran diri anggota Direksi menyatakan jabatan Direksi berakhir apabila
                                    apabila terlibat dalam kejahatan terlibat dalam tindakan kejahatan keuangan.
                                    keuangan.                                                                            Terpenuhi
                                                                                                                         Comply
                                    The Board of Directors has a policy The Board Manual of SOS explicitly states
                                    regarding the resignation of board that the position of the Board of Directors
                                    members if they are involved in financial ended if involved in financial misconduct.
                                    crimes.
  IV    Aspek 4: Partisipasi Pemangku Kepentingan
        Aspect 4: Stakeholder Engagement Aspect
        Prinsip 7                   Perusahaan Terbuka memiliki kebijakan Untuk mencegah terjadinya Insider Trading,
        Meningkatkan Aspek          untuk mencegah terjadinya insider SOS telah memiliki Kebijakan Insider Trading.
        Tata Kelola Perusahaan      trading.                              Kebijakan ini bertujuan untuk menetapkan
        melalui Partisipasi                                               aturan dan mengidentifikasi adanya potensi Terpenuhi
        Pemangku Kepentingan        The Public Company has a policy to praktik-praktik perdagangan efek dalam Comply
        Principle 7                 prevent insider trading.              kategori manipulasi pasar.
        Improving Corporate
        Governance Aspects                                                    SOS has an Insider Trading Policy to prevent
        through Stakeholder                                                   the Insider Trading. This policy aims to establish
        Engagement                                                            rules and identify potential securities trading
                                                                              practices in the category of market manipulation.
                                    Perusahaan Terbuka memiliki kebijakan SOS telah memiliki Kebijakan Antikorupsi
                                    antikorupsi dan anti fraud.           dan Anti Fraud dan telah disosialisasikan
                                                                          secara intensif di internal SOS agar Perusahaan
                                    The Public Company has anticorruption bersih dari tindak korupsi dan kecurangan Terpenuhi
                                    and anti-fraud policies.              karena dapat mengganggu stabilitas Comply
                                                                          Perusahaan, merugikan keuangan Perusahaan,
                                                                          dan menghambat pertumbuhan serta
                                                                          kelangsungan usaha Perusahaan yang dituntut
                                                                          untuk dapat melakukan efisiensi yang tinggi.

                                                                              SOS has implemented Anti-corruption and
                                                                              Anti-Fraud Policies, which have been
                                                                              extensively communicated internally. This is
                                                                              to ensure that the Company remains free from
                                                                              corrupt practices and fraud, as they can disrupt
                                                                              the Company’s stability, harm its finances, and
                                                                              impede its growth and continuity. These policies
                                                                              are essential for maintaining high efficiency
                                                                              within the Company.




108    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 109
                                                                                                                                               1




                                                                                                                              Financial Summary
                                                                                                                              Ikhtisar Keuangan
      Prinsip             Rekomendasi                     Penjelasan Penerapan di SOS                  Keterangan
No
     Principle           Recommendation                 Description of Implementation in SOS              Note
                 Perusahaan Terbuka memiliki kebijakan SOS telah memiliki Kebijakan Pihak Ketiga
                 tentang seleksi dan peningkatan untuk penyediaan barang atau jasa serta
                 kemampuan pemasok atau vendor. Prosedur Pengadaan Barang dan Jasa. Tata                                                    2
                                                       cara hubungan dengan pemasok juga diatur




                                                                                                                              Management Report
                                                                                                                              Laporan Manajemen
                 The Public Company has a policy on dalam Kebijakan Komunikasi, di mana dalam
                 the selection and enhancement of proses pengadaan barang dan jasa, SOS
                 supplier or vendor capabilities.      wajib melakukan dengan cara yang adil,
                                                       transparan, dan dapat dipertanggungjawabkan
                                                       sesuai peraturan perundang-undangan yang
                                                       berlaku serta prinsip-prinsip tata kelola Terpenuhi
                                                       perusahaan yang baik.                       Comply
                                                                                                                                            3
                                                        SOS has established Third-Party Policies for




                                                                                                                              Company Profile
                                                                                                                              Profil Perusahaan
                                                        the procurement of goods or services, along
                                                        with Procurement Procedures. The procedures
                                                        for engaging with suppliers are outlined in
                                                        the Communication Policy. In the procurement
                                                        process, SOS is committed to conduct
                                                        transactions fairly, transparently, and
                                                        accountably, in accordance with applicable
                                                        laws and principles of good corporate                                              4
                                                        governance.




                                                                                                                    Discussion and Analysis
                                                                                                                    Management
                                                                                                                    Pembahasan Manajemen
                                                                                                                    Analisis dan
                 Perusahaan Terbuka memiliki kebijakan Laporan Keuangan tersedia tepat waktu
                 tentang pemenuhan hak-hak kreditur. dengan diberikan penjelasan yang memadai
                                                       atas transaksi-transaksi keuangan perusahaan.
                 The Public Company has a policy on                                                  Terpenuhi
                 fulfilling the rights of creditors.   Financial Statements is provided promptly, Comply
                                                       accompanied by adequate explanations of
                                                       the Company’s financial transactions.
                 Perusahaan Terbuka memiliki kebijakan SOS telah memiliki Kebijakan Pelaporan
                 sistem pelaporan pelanggaran.         Pelanggaran (Whistleblowing System) yang                                            5
                                                       telah diunggah dalam situs web Perseroan




                                                                                                                              Corporate Governance
                                                                                                                              Tata Kelola Perusahaan
                                                       dan diungkapkan lebih lanjut di dalam Laporan Terpenuhi
                                                       Tahunan ini.                                  Comply

                 The Public Company has a SOS has also implemented a Whistleblowing
                 whistleblowing system policy. System Policy, which has been uploaded to
                                               the Company’s website and further elaborated
                                               upon in this Annual Report.
                 Perusahaan Terbuka memiliki kebijakan SOS telah memiliki Kebijakan Insentif Jangka
                 pemberian insentif jangka panjang Panjang untuk kesejahteraan karyawan agar                                               6
                 kepada Direksi dan karyawan.          dapat meningkatkan produktivitas, prestasi                             Sustainability Report
                                                                                                                              Laporan Keberlanjutan
                                                       kerja, dan motivasi kerja karyawan. Penjelasan Terpenuhi
                                                       mengenai Kebijakan Remunerasi diungkapkan Comply
                                                       lebih lanjut pada Laporan Tahunan ini.

                 The Public Company has a policy for SOS has implemented a Long-term Incentive
                 granting long-term incentives to Policy for employee welfare to increase
                 Directors and employees.            productivity, job performance, and employee
                                                     motivation. Further explanation regarding the
                                                     Remuneration Policy is disclosed in this Annual
                                                     Report.                                                                                 7
                                                                                                                              Financial Report
                                                                                                                              Laporan Keuangan




                                                  COMBINED REPORT • PT SHIELD ON SERVICES Tbk                     109
Page 110
                   Prinsip                     Rekomendasi                         Penjelasan Penerapan di SOS                Keterangan
  No
                  Principle                   Recommendation                     Description of Implementation in SOS            Note
      V    Aspek 5 : Keterbukaan Informasi
           Aspect 5: Information Disclosure
           Prinsip 8                 Perusahaan Terbuka memanfaatkan         Selain situs web, SOS memanfaatkan teknologi
           Meningkatkan              penggunaan teknologi informasi secara   informasi lainnya seperti wawancara TV,
           Pelaksanaan               lebih luas selain Situs Web sebagai     media cetak, media sosial sebagai saluran
           Keterbukaan Informasi     media keterbukaan informasi.            media untuk keterbukaan informasi.           Terpenuhi
           Principle 8                                                                                                    Comply
           Enhancing Information     The Public Company utilizes information In addition to website, SOS utilizes other
           Disclosure Practices      technology more extensively besides information technologies such as TV interviews,
                                     the Company website as a medium print media, and social media as channels for
                                     for information disclosure.             information disclosure.
                                     Laporan Tahunan Perusahaan Terbuka          SOS sudah memenuhi, sebagaimana
                                     mengungkapkan pemilik manfaat akhir         diungkapkan pada bab profil perusahaan
                                     dalam kepemilikan saham Perusahaan          dalam Laporan Tahunan ini.
                                     Terbuka paling sedikit 5% (lima persen),                                                   Terpenuhi
                                     selain pengungkapan pemilik manfaat         SOS has already fulfilled this requirement, as Comply
                                     akhir dalam kepemilikan saham               disclosed in the company profile section of
                                     Perusahaan Terbuka melalui pemegang         this Annual Report.
                                     saham utama dan pengendali.

                                     The Annual Report of the Public
                                     Company discloses ultimate beneficial
                                     owners holding at least 5% (five percent)
                                     ownership in the Company, in addition
                                     to disclose ultimate beneficial owners
                                     through major and controlling
                                     shareholder.




 STRUKTUR DAN MEKANISME
 TATA KELOLA PERUSAHAAN •
 Structure and Mechanism of Corporate Governance

 STRUKTUR TATA KELOLA                                                      STRUCTURE OF CORPORATE
 PERUSAHAAN                                                                GOVERNANCE
 Sesuai dengan Undang-Undang No. 40 tahun 2007 Bab I                       In accordance with Law No. 40 of 2007 Chapter I regarding
 mengenai Ketentuan Umum Pasal 1, Organ Perusahaan                         General Provisions Article 1, the Company's Organs consist
 terdiri dari:                                                             of:
     1. Rapat Umum Pemegang Saham (RUPS) adalah Organ                          1. General Meeting of Shareholders (GMS) is the Company
          Perusahaan yang mempunyai wewenang yang tidak                           Organ that has authority that is not granted to the
          diberikan kepada Direksi atau Dewan Komisaris                           Board of Directors or the Board of Commissioners
          dalam batas yang ditentukan dalam Undang-Undang                         within the limits specified in the Law and/or the Articles
          dan/atau Anggaran Dasar.                                                of Association.
     2. Dewan Komisaris adalah Organ Perusahaan yang                           2. Board of Commissioners is the Company Organ tasked
          bertugas melakukan pengawasan secara umum dan/                          with conducting general and/or special supervision
          atau khusus sesuai dengan Anggaran Dasar serta                          in accordance with the Articles of Association and
          memberi nasihat kepada Direksi.                                         providing advice to the Board of Directors.
     3. Direksi adalah Organ Perusahaan yang berwenang                         3. Board of Directors is the Company Organ that is
          dan bertanggung jawab penuh atas pengurusan                             authorized and fully responsible for the management
          Perusahaan untuk kepentingan Perusahaan, sesuai                         of the Company for the benefit of the Company, in
          dengan maksud dan tujuan Perusahaan serta mewakili                      accordance with the purposes and objectives of the


110       COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 111
                                                                                                                                                               1




                                                                                                                                              Financial Summary
                                                                                                                                              Ikhtisar Keuangan
       Perusahaan, baik di dalam maupun di luar pengadilan              Company and representing the Company, both
       sesuai dengan ketentuan Anggaran Dasar.                          internally and externally in court in accordance with
                                                                        the provisions of the Articles of Association.

                                                                                                                                                            2
Perseroan juga juga memiliki organ-organ pendukung yang         The Company also has supporting organs that assist the




                                                                                                                                              Management Report
                                                                                                                                              Laporan Manajemen
membantu Dewan Komisaris dan Direksi dalam menjalankan          Board of Commissioners and the Board of Directors in carrying
fungsi, tugas, dan tanggung jawabnya untuk mencapai visi        out their functions, duties, and responsibilities to achieve the
dan misi Perseroan.                                             Company's vision and mission.

Organ Pendukung Dewan Komisaris adalah Komite Audit             The Supporting Organs of the Board of Commissioners are
dan Fungsi Komite Nominasi dan Remunerasi yang masih            the Audit Committee and the Nomination and Remuneration
dilakukan oleh Dewan Komisaris, sedangkan organ pedukung        Committee Function, which is still carried out by the Board                                 3




                                                                                                                                              Company Profile
                                                                                                                                              Profil Perusahaan
Direksi adalah Sekretaris Perusahaan dan Unit Audit Internal.   of Commissioners, while the supporting organs of the Board
                                                                of Directors are the Corporate Secretary and the Internal
                                                                Audit Unit.



                                                                             RUPS
                                                                             GMS                                                                           4




                                                                                                                                    Discussion and Analysis
                                                                                                                                    Management
                                                                                                                                    Pembahasan Manajemen
                                                                                                                                    Analisis dan
                                                                     Dewan Komisaris
                                                                   Board of Commissioners


      Komite Audit                 Nominasi Remunerasi                      Direksi
     Audit Committe               Remuneration Nomination              Board of Directors

                                                                                                                                                           5




                                                                                                                                              Corporate Governance
                                                                                                                                              Tata Kelola Perusahaan
                                                                      Unit Audit Internal             Sekretaris Perusahaan
                                                                      Internal Audit Unit              Corporate Secretary




MEKANISME TATA KELOLA                                           GOVERNANCE MECHANISM
                                                                                                                                                           6
Penerapan prinsip-prinsip GCG merupakan sebuah proses           The implementation of GCG principles is a process that must                   Sustainability Report
                                                                                                                                              Laporan Keberlanjutan
yang harus dilandasi oleh kebijakan dan prosedur yang           be based on appropriate policies and procedures. To this
tepat. Untuk itu, Perseroan telah membuat sejumlah kebijakan    end, the Company has established a number of policies
yang mengatur fungsi, tugas, tanggung jawab dan wewenang        governing the functions, duties, responsibilities and authorities
dari masing-masing organ tata kelola, serta mengatur pola       of each governance organ, as well as regulating the
hubungan antar organ, sehingga terjadi hubungan yang            relationships between organs, so that healthy relationships
sehat yang dilandasi prinsip saling menghormati masing-         occur based on the principle of mutual respect for each
masing organ. Kebijakan dan prosedur yang dimililki Perseroan   organ. The Company’s policies and procedures are constantly
tersebut senantiasa ditinjau untuk memastikan kesesuaian        reviewed to ensure compliance with applicable laws and                                       7
                                                                                                                                              Financial Report
                                                                                                                                              Laporan Keuangan




dengan peraturan perundang-undangan yang berlaku dan            regulations and the Company’s needs.
kebutuhan Perseroan.

Kebijakan terkait GCG yang dimiliki Perseroan antara lain:      The Company’s GCG-related policies include:
   1. Anggaran Dasar Perseroan;                                    1. Articles of Association of the Company;
   2. Piagam Komite Dewan Komisaris;                               2. Board of Commissioners Committee Charter;
   3. Kebijakan Manajemen Risiko yang mencakup                     3. Risk Management Policies covering the entire scope
       keseluruhan lingkup aktivitas usaha sebagaimana                of business activities as stated in the Quality Manual
       tercantum di dalam Quality Manual dan Kebijakan                and the Company’s Strategic Policies;
       Strategis Perseroan;

                                                                COMBINED REPORT • PT SHIELD ON SERVICES Tbk                   111
Page 112
      4. Kebijakan mengenai hak dan kewajiban karyawan;             4. Policies regarding employee rights and obligations;
      5. Kebijakan Tata Kelola Perusahaan, seperti:                 5. Corporate Governance Policies, such as:
         • Kebijakan Whistleblower;                                    • Whistleblower Policy;
         • Kebijakan Etika Berusaha, Antikorupsi dan Donasi;           • Business Ethics, Anti-Corruption and Donation
                                                                           Policy;
         •  Kebijakan Pemenuhan Hak-Hak Kreditur;                      • Creditor Rights Fulfillment Policy;
         •  Kebijakan Seleksi dan Peningkatan Kemampuan                • Supplier/Vendor Selection and Capability
            Pemasok/Vendor;                                                Improvement Policy;
         • Kebijakan Kepemilikan & Kerahasiaan Informasi;              • Information Ownership & Confidentiality Policy;
         • Kebijakan Sistem Informasi dan Komunikasi;                  • Information and Communication System Policy;
         • Kebijakan Insider Trading;                                  • Insider Trading Policy;
         • Kebijakan Manajemen Risiko;                                 • Risk Management Policy;
         • Kebijakan Pengendalian Gratifikasi; dan                     • Gratification Control Policy; and
         • Kebijakan Sistem Manajemen Anti Penyuapan.                  • Anti-Bribery Management System Policy.
      6. Kebijakan Sistem Pengendalian Internal; dan                6. Internal Control System Policy; and
      7. Kebijakan mengenai Tanggung Jawab Sosial                   7. Policies regarding the Company’s Social Responsibility
         Perseroan sebagai bagian dari pengembangan                    as part of developing the Company’s relationship with
         hubungan Perseroan dan pemangku kepentingan.                  stakeholders.



 RAPAT UMUM PEMEGANG SAHAM •
 General Meeting of Shareholders (GMS)
 Rapat Umum Pemegang Saham (RUPS) merupakan pemegang             The General Meeting of Shareholders (GMS) holds the highest
 kekuasaan tertinggi dalam struktur kepengurusan Perseroan       authority in the Company's management structure and has
 dan memiliki wewenang yang tidak dimiliki oleh Dewan            authorities not granted to the Board of Commissioners and
 Komisaris dan Direksi.                                          the Board of Directors.

 Sesuai Anggaran Dasar Perseroan, wewenang tersebut,             In accordance with the Company's Articles of Association,
 antara lain, mengambil keputusan terkait pengubahan             these authorities include, among others, making decisions
 Anggaran Dasar Perseroan, mengangkat dan memberhentikan         regarding amendment to the Company's Articles of Association,
 Direktur dan Anggota Dewan Komisaris, memutuskan                appointing and dismissing the Board of Directors and members
 pembagian tugas dan wewenang pengurusan di antara               of the Board of Commissioners, deciding on the division of
 Direktur dan hal-hal lain terkait penggabungan, peleburan,      duties and management authority among the Board of
 pengambilalihan, kepailitan, dan pembubaran Perseroan.          Directors, and other issues relating to mergers, consolidations,
                                                                 acquisitions, bankruptcy, and dissolution of the Company.

 Rapat Umum Pemegang Saham berhak memperoleh seluruh             The General Meeting of Shareholders has the right to obtain
 informasi tentang jalannya Perseroan dan meminta                all information about the Company's operations and request
 pertanggungjawaban kepada Dewan Komisaris dan Direksi           accountability from the Board of Commissioners and the
 atas pengelolaan Perseroan.                                     Board of Directors for the management of the Company.

 RUPS terdiri dari RUPS Tahunan dan RUPS Luar Biasa. RUPS        The General Meeting of Shareholders (GMS) consists of the
 Tahunan diadakan setiap tahun untuk menyetujui, di antaranya,   Annual GMS and the Extraordinary GMS. The Annual GMS
 Laporan Tahunan, penggunaan laba, atau penetapan Kantor         is held every year to approve, among other things, the Annual
 Akuntan Publik dan diadakan paling lambat enam bulan            Report, the use of profits, or the appointment of a Public
 setelah tahun buku berakhir. Sedangkan RUPS Luar Biasa          Accounting Firm and is held no later than six months after
 dapat diadakan setiap waktu sesuai dengan kebutuhan             the end of the financial year. Meanwhile, the Extraordinary
 untuk kepentingan Perseroan.                                    GMS can be held at any time as needed for the benefit of
                                                                 the Company.




112    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 113
                                                                                                                                                        1




                                                                                                                                       Financial Summary
                                                                                                                                       Ikhtisar Keuangan
WEWENANG RUPS                                               GMS AUTHORITY
 1.   Menyetujui dapat atau tidaknya saham-saham yang          1. Approving the issuance of existing shares from the
      ada dalam simpanan untuk dikeluarkan.                       treasury.
 2.   Mendelegasikan kewenangan mengenai                       2. Delegating authority regarding its implementation to
                                                                                                                                                     2
      pelaksanaannya kepada Direksi atau Dewan Komisaris          the Board of Directors or the Board of Commissioners




                                                                                                                                       Management Report
                                                                                                                                       Laporan Manajemen
      dengan memperhatikan ketentuan-ketentuan                    in accordance with the provisions of the Articles of
      Anggaran Dasar dan peraturan di bidang Pasar Modal.         Association and regulations in the Capital Market.
 3.   Menyetujui dapat atau tidaknya penyetoran saham          3. Approving the deposit of shares in forms other than
      dalam bentuk lain selain uang, misal benda tidak            cash, such as non-movable property.
      bergerak.
 4.   Menyetujui dapat atau tidaknya pengeluaran saham/        4. Approving the issuance of shares/capital increases
      penambahan modal dengan atau tanpa Hak Memesan              with or without Preemptive Rights.                                                 3




                                                                                                                                       Company Profile
                                                                                                                                       Profil Perusahaan
      Efek Terlebih Dahulu (HMETD).
 5.   Menyetujui penambahan modal dasar Perseroan.             5. Approving the increase in the Company’s authorized
                                                                  capital.
 6. Menentukan pemegang rekening efek yang berhak              6. Determining the securities account holders entitled
    memperoleh dividen, saham bonus, atau hak-hak                 to receive dividends, bonus shares, or other rights.
    lainnya.
 7. Mengangkat atau memberhentikan anggota Direksi.            7. Appointing or dismissing members of the Board of                                  4
                                                                   Directors.




                                                                                                                             Discussion and Analysis
                                                                                                                             Management
                                                                                                                             Pembahasan Manajemen
                                                                                                                             Analisis dan
 8. Menetapkan jumlah gaji dan/atau tunjangan untuk            8. Determining the amount of salary and/or benefits for
     Direksi.                                                      the members of the Board of Directors.
 9. Mengangkat seseorang untuk mengisi jabatan anggota         9. Appointing someone to fill a vacant position on the
     Direksi yang lowong.                                          Board of Directors.
 10. Membebaskan Anggota Dewan Komisaris yang                  10. Granting relief to Board Members who resign from
     mengundurkan diri dari tanggung jawabnya selama               their responsibilities during their tenure.
     masa jabatannya.
 11. Mengangkat atau memberhentikan anggota Dewan              11. Appointing or dismissing members of the Board of                                 5




                                                                                                                                       Corporate Governance
                                                                                                                                       Tata Kelola Perusahaan
     Komisaris.                                                    Commissioners.
 12. Menyetujui Laporan Tahunan Perseroan.                     12. Approving the Company’s Annual Report.
 13. Menyetujui dapat atau tidaknya Perseroan melakukan        13. Approving whether the Company can engage in a
     sebuah transaksi yang termasuk transaksi material             transaction classified as a material transaction with a
     dengan nilai di atas 50% dari ekuitas.                        value exceeding 50% of equity.
 14. Menyetujui dapat atau tidaknya Perseroan menagih          14. Approving whether the Company can re-collect
     lagi piutang macet yang telah dihapusbukukan.                 written-off bad debts.
 15. Menyetujui dapat atau tidaknya Perseroan melakukan        15. Approving whether the Company can transfer Company                               6
     pengalihan kekayaan Perseroan.                                assets.                                                             Sustainability Report
                                                                                                                                       Laporan Keberlanjutan
 16. Menyetujui dapat atau tidaknya Perseroan menjadikan       16. Approving whether the Company can use Company
     kekayaan Perseroan sebagai jaminan utang.                     assets as collateral for debt.
 17. Menyetujui dapat atau tidaknya Perseroan menjalankan      17. Approving whether the Company can engage in a
     sebuah transaksi yang memuat benturan kepentingan.            transaction involving a conflict of interest.
 18. Mengurangi atau menentukan pembatasan terhadap            18. Reducing or determining restrictions on the Board of
     Direksi yang diatur dalam Anggaran Dasar.                     Directors as stipulated in the Articles of Association.
 19. Menentukan pembagian tugas dan wewenang setiap            19. Determining the allocation of duties and authorities
     anggota Direksi.                                              of each member of the Board of Directors.                                          7
                                                                                                                                       Financial Report
                                                                                                                                       Laporan Keuangan




 20. Memberikan petunjuk kepada Direksi.                       20. Providing guidance to the Board of Directors.
 21. Menentukan jumlah honorarium dan/atau tunjangan           21. Determining the amount of honorarium and/or
     untuk Dewan Komisaris.                                        allowances for the Board of Commissioners.
 22. Melakukan pengisian kekosongan jabatan Dewan              22. Filling vacancies on the Board of Commissioners.
     Komisaris.
 23. Melakukan penunjukkan dan pemberhentian Akuntan           23. Appointing and dismissing Public Accountant.
     Publik.
 24. Memutuskan penggunaan laba bersih termasuk                24. Deciding on the use of net profits including the amount
     penentuan jumlah penyisihan untuk cadangan.                   allocated to reserves.


                                                            COMBINED REPORT • PT SHIELD ON SERVICES Tbk                113
Page 114
      25. Mengatur tata cara pengambilan dividen.                 25. Regulating the procedure for dividend payments.
      26. Memutuskan tentang penggabungan, peleburan,             26. Deciding on mergers, consolidations, acquisitions, or
          pengambilalihan, atau pemisahan, pengajuan                  separations, filing for bankruptcy, extending the
          permohonan agar Perseroan dinyatakan pailit,                Company’s existence, and dissolution of the Company.
          perpanjangan waktu berdirinya, dan pembubaran
          Perseroan.
      27. Mengangkat Komisaris Independen.                        27. Appointing Independent Commissioners.
      28. Menyetujui dapat atau tidaknya Direksi mengajukan       28. Approving whether the Board of Directors can file for
          permohonan pailit atas Perseroan kepada Pengadilan          bankruptcy for the Company with the Commercial
          Niaga.                                                      Court.
      29. Memutuskan tentang kewenangan Direksi untuk             29. Deciding on the authority of the Board of Directors
          mewakili Perseroan dalam hal Direksi lebih dari 1           to represent the Company in cases where there is
          orang.                                                      more than one Director.
      30. Mencabut atau menguatkan keputusan pemberhentian        30. Repealing or confirming the temporary dismissal of
          sementara anggota Direksi yang telah ditetapkan             the Board of Directors as determined by the Board
          oleh Dewan Komisaris.                                       of Commissioners.
      31. Menentukan tantiem yang diberikan kepada Direksi        31. Determining the bonuses given to the Board of
          dan Dewan Komisaris Perseroan.                              Directors and Board of Commissioners of the Company.
      32. Menentukan upah likuidator.                             32. Determining the remuneration of liquidators.
      33. Memutuskan segala sesuatu yang belum diatur dalam       33. Deciding on any issues not covered in the Company’s
          Anggaran Dasar Perseroan.                                   Articles of Association.

 JENIS RUPS                                                    TYPES OF GMS
 Sesuai Anggaran Dasar Perseroan, RUPS yang dilaksanakan       In accordance with the Company’s Articles of Association,
 Perseroan mencakup RUPS Tahunan (“RUPST”) dan RUPS            the Company holds two types of General Meetings of
 Luar Biasa (“RUPSLB”).                                        Shareholders (“GMS”): the Annual General Meeting of
                                                               Shareholders (“AGMS”) and the Extraordinary General Meeting
                                                               of Shareholders (“EGMS”).

 RUPS Tahunan (RUPST)                                          Annual GMS (AGMS)
 RUPST diselenggarakan selambat-lambatnya 6 (enam) bulan       The AGMS shall be held no later than six (6) months after the
 setelah akhir tahun buku. Selama rapat berlangsung, para      end of the Company’s financial year. During the meeting, the
 Pemegang Saham membahas agenda yang telah ditetapkan          Shareholders discuss the predetermined agenda and other
 dan hal lain yang memerlukan persetujuan RUPS untuk           issues requiring the approval of the GMS for the interests of
 kepentingan Perseroan dengan memperhatikan ketentuan          the Company, taking into account the provisions of the
 Anggaran Dasar Perseroan.                                     Company’s Articles of Association.

 RUPS Luar Biasa (RUPSPLB)                                     Extraordinary GMS (EGMS)
 RUPSLB dapat diadakan setiap waktu berdasarkan kebutuhan      The EGMS may be held at any time as needed for the interests
 untuk kepentingan Perseroan. Penyelenggaraan RUPSLB           of the Company. The convening of an EGMS may be initiated
 dapat dilakukan atas permintaan 1 (satu) orang atau lebih     at the request of one (1) or more shareholders who together
 pemegang saham yang bersama-sama mewakili 1/10 (satu          represent one-tenth (1/10) or more of the total number of
 persepuluh) atau lebih dari jumlah seluruh saham dengan       shares with voting rights.
 hak suara.

 Penyelenggaraan RUPS                                          Organization of GMS
 Dalam menyelenggarakan RUPS, Perseroan telah melakukan        In organizing a GMS, the Company has carried out a series
 serangkaian proses persiapan mulai dari pemberian informasi   of preparatory processes, starting from providing information
 terkait waktu dan tempat penyelenggaraan RUPS kepada          regarding the time and place of the GMS to all Shareholders,
 seluruh Pemegang Saham serta pendistribusian materi           as well as distributing the discussion materials for the GMS.
 pembahasan RUPS.




114    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 115
                                                                                                                                                              1




                                                                                                                                             Financial Summary
                                                                                                                                             Ikhtisar Keuangan
RUPST dan RUPSLB diselenggarakan dengan didahului                The AGMS and EGMS are held with thorough planning and
perencanaan yang matang dan tetap mematuhi panduan               in compliance with the procedural guidelines as stipulated
prosedur sebagaimana diatur dalam Anggaran Dasar dan             in the Articles of Association and Financial Services Authority
Peraturan Otoritas Jasa Keuangan No. 15/ POJK.04/2020            Regulation No. 15/POJK.04/2020 on the Plan and
                                                                                                                                                           2
Tentang Rencana dan Penyelenggaraan Rapat Umum                   Implementation of General Meetings of Shareholders of




                                                                                                                                             Management Report
                                                                                                                                             Laporan Manajemen
Pemegang Saham Perseroan Terbuka yang menggantikan               Public Companies, which replaces Financial Services Authority
Peraturan Otoritas Jasa Keuangan No. 32/ POJK.04/2014            Regulation No. 32/POJK.04/2014 dated December 8, 2014,
tanggal 8 Desember 2014 tentang Rencana dan                      on the Plan and Implementation of GMS, which replaces the
Penyelenggaraan RUPS yang menggantikan Keputusan                 Decree of the Chairman of the Capital Market and Financial
Ketua Badan Pengawas Pasar Modal dan Lembaga Keuangan            Institutions Supervisory Agency No. KEP-60/PM/1996 dated
No. KEP-60/PM/1996 tanggal 17 Januari 1996 tentang Rencana       January 17, 1996, on the Plan and Implementation of General
dan Pelaksanaan Rapat Umum Pemegang Saham yang                   Meetings of Shareholders, which is no longer valid.                                       3




                                                                                                                                             Company Profile
                                                                                                                                             Profil Perusahaan
sudah tidak berlaku.

Dalam peraturan tersebut, penyelenggaraan RUPS oleh              In accordance with the aforementioned regulation, the
Perseroan terdiri dari beberapa tahap mulai dari pemberitahuan   organization of a GMS by the Company consists of several
penyelenggaraan RUPS, pengumuman RUPS, pemanggilan               stages, starting from the notification of the GMS, the
RUPS, dan penyelenggaraan RUPS.                                  announcement of the GMS, the convocation of the GMS, and
                                                                 the holding of the GMS.                                                                  4




                                                                                                                                   Discussion and Analysis
                                                                                                                                   Management
                                                                                                                                   Pembahasan Manajemen
                                                                                                                                   Analisis dan
Peraturan Otoritas Jasa Keuangan No. 15/POJK.04/2020             Financial Services Authority Regulation No. 15/POJK.04/2020
tentang Rencana dan Penyelenggaraannya Rapat Umum                on the Plan and Implementation of General Meetings of
Pemegang Saham Perseroan Terbuka juga mengatur tentang           Shareholders of Public Companies also regulates the Electronic
Sistem Penyelenggaraan RUPS Secara Elektronik yang               GMS System, hereinafter referred to as e-GMS, which is an
selanjutnya disebut e-RUPS adalah sistem atau sarana             electronic system or means used to support the provision of
elektronik yang digunakan untuk mendukung penyediaan             information, implementation, and reporting of GMS of Public
informasi, pelaksanaan, dan pelaporan RUPS Perseroan             Companies.
Terbuka.                                                                                                                                                  5




                                                                                                                                             Corporate Governance
                                                                                                                                             Tata Kelola Perusahaan
Prosedur Penyelenggaraan RUPS                                    GMS Procedures

Perseroan telah mematuhi prosedur RUPS terkini dan               The Company has complied with the latest GMS procedures
menyelenggarakan RUPS dengan tahapan berikut:                    and conducted the GMS with the following stages:
1. Perseroan menyampaikan kepada Otoritas Jasa Keuangan          1. The Company submits to the Financial Services Authority
   (“OJK”) perihal rencana penyelenggaraan RUPS selambat-           (“OJK”) regarding the plan to hold a GMS no later than
   lambatnya 5 (lima) hari kerja sebelum pengumuman                 five (5) business days before the GMS announcement,                                   6
   RUPS, dengan tanpa memperhitungkan tanggal                       excluding the date of the GMS announcement.                              Sustainability Report
                                                                                                                                             Laporan Keberlanjutan
   pengumuman RUPS.
2. Perseroan melakukan pengumuman RUPS kepada para               2. The Company makes a GMS announcement to the
   pemegang saham melalui paling sedikit situs web penyedia         shareholders through at least the e-GMS provider’s
   e-RUPS, situs web Bursa Efek Indonesia, dan situs web            website, the Indonesia Stock Exchange website, and the
   Perseroan paling lambat 14 (empat belas) hari sebelum            Company’s website no later than fourteen (14) days before
   pemanggilan RUPS dengan tidak memperhitungkan                    the GMS convocation, excluding the date of the
   tanggal pengumuman dan pemanggilan RUPS.                         announcement and convocation of the GMS.
3. Perseroan melakukan pemanggilan RUPS melalui situs            3. The Company makes a GMS convocation through the                                         7
                                                                                                                                             Financial Report
                                                                                                                                             Laporan Keuangan




   web penyedia e-RUPS, situs web Bursa Efek Indonesia,             e-GMS provider’s website, the Indonesia Stock Exchange
   dan situs web Perseroan paling lambat 21 (dua puluh              website, and the Company’s website no later than twenty-
   satu) hari sebelum tanggal penyelenggaraan RUPS                  one (21) days before the date of the GMS, excluding the
   dengan tidak memperhitungkan tanggal pemanggilan                 date of the convocation and the date of the GMS.
   dan tanggal RUPS.
4. Perseroan menyampaikan bukti pengumuman dan                   4. The Company submits proof of the GMS announcement
   pemanggilan RUPS kepada OJK paling lambat 2 (dua)                and convocation to the OJK no later than two (2) business
   hari kerja setelah penerbitan pengumuman dan                     days after the issuance of the announcement and
   pemanggilan tersebut.                                            convocation.


                                                                 COMBINED REPORT • PT SHIELD ON SERVICES Tbk                 115
Page 116
 5. Perseroan mengumumkan ringkasan risalah RUPS melalui       5. The Company announces a summary of the minutes of
    situs web Bursa Efek Indonesia, dan situs web Perseroan       the GMS through the Indonesia Stock Exchange website
    paling lambat 2 (dua) hari kerja setelah RUPS dan             and the Company’s website no later than two (2) business
    menyampaikan bukti pengumumannya kepada OJK                   days after the GMS and submits proof of the announcement
    paling lambat 2 (dua) hari kerja setelah RUPS                 to the OJK no later than two (2) business days after the
    diselenggarakan.                                              GMS is held.

 Pelaksanaan RUPS Tahun 2024                                   GMS in 2024

 Pada tahun 2024, Perseroan melaksanakan 1 (satu) kali         In 2024, the Company conducted 1 (one) GMS, as follows:
 RUPS, yaitu:


            RUPS                         Hari/Tanggal                                   Akta Notaris
            GMS                           Day/Date                                      Notarial Deed
  Tahunan                     Jumat, 21 Juni 2024              Akta No. 124 Notaris Dr. Sugih Haryati, S.H., M.Kn
  Annual                      Friday, June 21, 2024            Deed No. 124 of Notary Dr. Sugih Haryati, S.H., M.Kn.


                                Kegiatan                                      RUPS Tahunan                RUPS Luar Biasa
                                 Activity                                      Annual GMS                Extraordinary GMS
  Pemberitahuan Agenda RUPS kepada OJK
  Notice of the GMS Agenda to the OJK
  Pengumuman RUPS                  Situs Web SOS                           15 Mei 2024                             -
  GMS Announcement                 SOS Website                             May 15, 2024
                                   Situs Web KSEI                          15 Mei 2024                             -
                                   KSEI Website                            May 15, 2024
                                   Situs Web Bursa Efek Indonesia          15 Mei 2024                             -
                                   Website of Indonesian Stock Exchange    May 15, 2024
  Pemanggilan RUPS                 Situs Web SOS                           30 Mei 2024                             -
  Notice of GMS                    SOS Website                             May 30, 2024
                                   Situs Web KSEI                          30 Mei 2024                             -
                                   KSEI Website                            May 30, 2024
                                   Situs Web Bursa Efek Indonesia          30 Mei 2024                             -
                                   Website of Indonesian Stock Exchange    May 30, 2024
  Pelaksanaan RUPS                                                         21 Juni 2024                            -
  GMS Implementation                                                       June 21, 2024
  Pengumuman Hasil dan Keputusan                                           25 Juni 2024                            -
  Announcement of Results and Decision                                     June 25, 2024



 RUPS Tahunan                                                  Annual GMS

 Rapat Umum Pemegang Saham dihadiri oleh Dewan Komisaris,      The Annual General Meeting of Shareholders was attended
 Direksi, Notaris dan perwakilan dari pemegang saham yang      by the Board of Commissioners, Directors, Notary, and
 mewakili 794.156.500 saham atau 99,34% dari seluruh           representatives of shareholders representing 794,156,500
 saham dengan hak suara yang sah yang telah dikeluarkan        shares or 99.34% of all issued and outstanding shares with
 oleh Perseroan, sesuai dengan Anggaran Dasar Perseroan        valid voting rights, in accordance with the Company's Articles
 dan Peraturan Perundangan yang berlaku.                       of Association and applicable laws and regulations.

 Perseroan telah menunjuk pihak independen, yaitu Biro         The Company has appointed an independent party, namely
 Administrasi Efek PT Sinartama Gunita untuk melakukan         the Securities Administration Bureau PT Sinartama Gunita to
 proses penghitungan suara dan/ atau melakukan validasi.       conduct the vote counting process and/or perform validation.




116   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 117
                                                                                                                                                                   1




                                                                                                                                                  Financial Summary
                                                                                                                                                  Ikhtisar Keuangan
                                    Keputusan RUPS Tahunan Tanggal 21 Juni 2024
                                     Decisions of the Annual GMS on June 21, 2024
Mata Acara Rapat Pertama                Persetujuan Laporan Tahunan dan Laporan Keuangan Tahunan
Agenda for the First Meeting            Approval of the Annual Report and Annual Financial Statements
Jumlah Suara Setuju                     794.156.400                                                                                                             2
Number of Approved Votes




                                                                                                                                                  Management Report
                                                                                                                                                  Laporan Manajemen
Keputusan Rapat                         Menyetujui dan mengesahkan Laporan Tahunan dan Pengesahan Laporan Keuangan
Meeting Decision                        Konsolidasi Perseroan, dan Menyetujui Laporan Pengawasan Dewan Komisaris serta
                                        pengesahan Laporan Keuangan Tahunan Tahun Buku 2023 sekaligus pelunasan dan
                                        pembebasan tanggung jawab sepenuhnya (Volledig Acuit et de charge) kepada Direktur
                                        atas tindakan pengurusan Perseroan dan Dewan Komisaris atas tindakan pengawasan
                                        Perseroan yang telah dijalankan selama Tahun Buku 2023.
                                        To approve and ratify the Company's Annual Report and Consolidated Financial
                                        Statements, and to approve the Board of Commissioners' Supervisory Report and ratify                                    3




                                                                                                                                                  Company Profile
                                                                                                                                                  Profil Perusahaan
                                        the Annual Financial Statements for the 2023 Financial Year, while simultaneously
                                        granting full release and discharge (Volledig Acquit et de Charge) to the Directors for their
                                        management actions of the Company and to the Board of Commissioners for their
                                        supervisory actions of the Company carried out during the 2023 Financial Year.
Realisasi/Tindak Lanjut                 Sudah terlaksana
Implementation/ Follow-up Actions       Has been fulfilled

                                                                                                                                                               4
Mata Acara Rapat Kedua                  Persetujuan Penggunaan Laba Bersih




                                                                                                                                        Discussion and Analysis
                                                                                                                                        Management
                                                                                                                                        Pembahasan Manajemen
                                                                                                                                        Analisis dan
Agenda for the Second Meeting           Approval of Net Profit Utilization
Jumlah Suara Setuju                     794.156.400
Number of Approved Votes
Keputusan Rapat                         1. Sebanyak banyaknya sebesar Rp7.994.142.310,- (tujuh miliar sembilan ratus
Meeting Decision                           sembilan puluh empat juta seratus empat puluh dua ribu tiga ratus sepuluh rupiah)
                                           atau sebesar Rp10,- (sepuluh rupiah) per saham dibagikan sebagai dividen tunai
                                           untuk tahun buku yang berakhir pada tanggal 31 Desember 2023 kepada para
                                           pemegang saham yang memiliki hak untuk menerima dividen tunai.
                                        2. Sisa dari Laba Bersih 2023 yang tidak ditentukan penggunaannya ditetapkan                                           5
                                           sebagai laba ditahan.




                                                                                                                                                  Corporate Governance
                                                                                                                                                  Tata Kelola Perusahaan
                                        1. A maximum amount of Rp7,994,142,310 (seven billion nine hundred ninety-four million
                                           one hundred forty-two thousand three hundred ten Rupiah) or Rp10 (ten Rupiah) per
                                           share shall be distributed as cash dividends for the financial year ending December
                                           31, 2023, to shareholders entitled to receive cash dividends.
                                        2. The remaining Net Profit of 2023, for which no specific utilization has been
                                           determined, shall be designated as retained earnings.
Realisasi/Tindak Lanjut                 Sudah terlaksana
Implementation/ Follow-up Actions       Has been fulfilled
                                                                                                                                                               6
                                                                                                                                                  Sustainability Report
                                                                                                                                                  Laporan Keberlanjutan
Mata Acara Rapat Ketiga                 Persetujuan Penunjukkan Akuntan Publik dan/atau Kantor Akuntan Publik
Agenda for the Third Meeting            Approval of the Appointment of a Public Accountant and/or Public Accounting Firm
Jumlah Suara Setuju                     794.156.400
Number of Approved Votes
Keputusan Rapat                         1. Menunjuk Kantor Akuntan Publik Mirawati Sensi Idris, sebagai Kantor Akuntan
Meeting Decision                           Publik yang akan mengaudit laporan keuangan Perseroan untuk tahun buku yang
                                           sedang berjalan dan akan berakhir pada tanggal 31 Desember 2024.
                                        2. Memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan untuk
                                           menunjuk kantor akuntan publik pengganti bilamana Kantor Akuntan Publik                                               7
                                           tersebut tidak dapat melaksanakan tugas auditnya sesuai dengan standar akuntansi
                                                                                                                                                  Financial Report
                                                                                                                                                  Laporan Keuangan




                                           dan ketentuan perundangan yang berlaku, termasuk peraturan di bidang pasar
                                           modal dan peraturan Bapepam dan LK dan/atau Peraturan OJK.
                                        1. To appoint Public Accounting Firm Mirawati Sensi Idris as the Public Accountant to
                                           perform audit on the Company’s Financial Statements for Financial Year ended on 31
                                           December 2024.
                                        2. To grant authority to the Board of Commissioners of the Company to appoint other
                                           public accounting firm if for one or another reason the above mentioned Public
                                           Accountant Firm is not able to carry out their duties.
Realisasi/Tindak Lanjut                 Sudah terlaksana
Implementation/ Follow-up Actions       Has been fulfilled



                                                                 COMBINED REPORT • PT SHIELD ON SERVICES Tbk                        117
Page 118
  Mata Acara Rapat Keempat            Penetapan remunerasi (gaji/honorarium, fasilitas, dan tunjangan) untuk tahun buku 2023
  Agenda for the Fourth Meeting       bagi
                                      Direksi Perseroan dan Dewan Komisaris Perseroan
                                      Determination of remuneration (salary/honorarium, benefits, and allowances) for the 2023
                                      financial year for the Company's Board of Directors and Board of Commissioners
  Jumlah Suara Setuju                 794.156.400
  Number of Approved Votes
  Keputusan Rapat                     Menyetujui penetapan gaji dan/atau honorarium dan/atau remunerasi dan/atau tunjangan
  Meeting Decision                    lainnya bagi masing-masing anggota Direksi dan anggota Dewan Komisaris Perseroan
                                      serta pemberian wewenang dan kuasa kepada Dewan Komisaris Perseroan untuk
                                      menetapkan gaji dan/atau honorarium dan/atau remunerasi dan/atau tunjangan lainnya
                                      bagi masing-masing anggota Direksi Perseroan dan Dewan Komisaris untuk tahun buku
                                      2024.
                                      To approve the determination of salaries and/or honoraria and/or remuneration and/or
                                      other benefits for each member of the Company's Board of Directors and Board of
                                      Commissioners, and to grant authority and power to the Company's Board of
                                      Commissioners to determine the salaries and/or honoraria and/or remuneration and/or
                                      other benefits for each member of the Company's Board of Directors and Board of
                                      Commissioners for the 2024 financial year.
  Realisasi/Tindak Lanjut             Sudah terlaksana
  Implementation/ Follow-up Actions   Has been fulfilled


  Mata Acara Rapat Kelima             Penegasan para Pemegang Saham
  Agenda for the Fifth Meeting        Affirmation of Shareholders
  Jumlah Suara Setuju                 794.156.400
  Number of Approved Votes
  Keputusan Rapat                     Menyetujui penegasan kembali perubahan Pemegang Saham pengendali Perseroan,
  Meeting Decision                    sehingga susunan Pemegang Saham Perseroan saat ini adalah sebagai berikut:
                                      1. PT ALSOK BASS INDONESIA SECURITY SERVICES, pemegang dan pemilik
                                          634.156.300 (enam ratus tiga puluh empat juta seratus lima puluh enam ribu tiga ratus)
                                          lembar saham yang mewakili 79,33% dalam Perseroan;
                                      2. PT PURAGRAHA DIANPERTIWI, pemegang dan pemilik 100.000.000 (seratus juta)
                                          lembar saham yang mewakili 12,51% dalam Perseroan;
                                      3. PT INLIFE, pemegang dan pemilik 39.999.900 (tiga puluh sembilan juta sembilan ratus
                                          sembilan puluh sembilan ribu sembilan ratus) lembar saham yang mewakili 5,00%
                                          dalam Perseroan;
                                      4. MASYARAKAT, pemegang dan pemilik 25.258.031 (dua puluh lima juta dua ratus lima
                                          puluh delapan ribu tiga puluh satu) lembar saham yang mewakili 3,16% dalam
                                          Perseroan.

                                      To approve the reaffirmation of the change in the Company's Controlling Shareholders,
                                      such that the Company's current Shareholder composition is as follows:
                                      1. PT ALSOK BASS INDONESIA SECURITY SERVICES, holder and owner of 634,156,300
                                          (six hundred thirty-four million one hundred fifty-six thousand three hundred) shares
                                          representing 79.33% of the Company;
                                      2. PT PURAGRAHA DIANPERTIWI, holder and owner of 100,000,000 (one hundred million)
                                          shares representing 12.51% of the Company;
                                      3. PT INLIFE, holder and owner of 39,999,900 (thirty-nine million nine hundred ninety-nine
                                          thousand nine hundred) shares representing 5.00% of the Company;
                                      4. PUBLIC, holder and owner of 25,258,031 (twenty-five million two hundred fifty-eight
                                          thousand thirty-one) shares representing 3.16% of the Company.
  Realisasi/Tindak Lanjut             Sudah terlaksana
  Implementation/ Follow-up Actions   Has been fulfilled




118   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 119
                                                                                                                                                        1




                                                                                                                                       Financial Summary
                                                                                                                                       Ikhtisar Keuangan
Realisasi Keputusan RUPS Tahun Buku                           Implementation of the 2023 AGMS
2023                                                          Resolutions

Pada tahun 2023 Perseroan melaksanakan 1 (satu) kali RUPS     In 2023, the Company held one Annual General Meeting of
                                                                                                                                                     2
Tahunan (RUPST) yang diselenggarakan pada tanggal 9           Shareholders (AGMS) on May 9, 2023, and one Extraordinary




                                                                                                                                       Management Report
                                                                                                                                       Laporan Manajemen
Mei 2023 dan 1 (satu) kali RUPS Luar Biasa (RUPSLB) yang      General Meeting of Shareholders (EGMS) on October 20,
diselenggarakan pada tanggal 20 Oktober 2023. Pelaksanaan     2023. The AGMS resulted in seven resolutions, and the EGMS
RUPST menghasilkan 7 (tujuh) butir keputusan dan 3 (tiga)     resulted in three resolutions, all of which were implemented
keputusan dari RUPSLB yang telah direalisasikan oleh          by the Company in 2023.
Perseroan pada tahun 2023.

                                                                                                                                                     3

DEWAN KOMISARIS • Board of Commissioners




                                                                                                                                       Company Profile
                                                                                                                                       Profil Perusahaan
Dewan Komisaris memiliki fungsi pengawasan atas aktivitas     The Board of Commissioners has an oversight function over
pengelolaan Perseroan serta pemberian nasihat kepada          the Company's management activities and provides advice
Direksi terkait strategi dan keputusan bisnis yang diambil.   to the Board of Directors regarding business strategies and                           4
Dalam menjalankan tugasnya, Dewan Komisaris mematuhi          decisions taken. In carrying out its duties, the Board of




                                                                                                                             Discussion and Analysis
                                                                                                                             Management
                                                                                                                             Pembahasan Manajemen
                                                                                                                             Analisis dan
POJK No. 33/POJK.04/2014 tentang Direksi dan Dewan            Commissioners adheres to POJK No. 33/POJK.04/2014
Komisaris Emiten atau Perusahaan Publik.                      regarding the Board of Directors and Board of Commissioners
                                                              of Issuers or Public Companies.

PEDOMAN DAN TATA TERTIB                                       GUIDELINES AND WORK
KERJA DEWAN KOMISARIS                                         PROCEDURES OF THE BOARD OF
                                                              COMMISSIONERS                                                                         5




                                                                                                                                       Corporate Governance
                                                                                                                                       Tata Kelola Perusahaan
Dewan Komisaris menjalankan fungsi pengawasan kinerja         The Board of Commissioners performs its oversight function
Perseroan dengan mengacu kepada Pedoman Kerja Dewan           of the Company's performance by referring to the Board
Komisaris (Board Manual). Board Manual menjelaskan secara     Manual. The Board Manual outlines the working relationship
garis besar pola kerja antara Dewan Komisaris dan Direksi     between the Board of Commissioners and the Board of
berdasarkan peraturan perundangan-undangan yang berlaku       Directors based on prevailing laws and regulations and the
dan Anggaran Dasar Perseroan.                                 Company's Articles of Association.

Board Manual mencakup:                                        The Board Manual includes:                                                            6
1. Tugas, tanggung jawab, dan wewenang Dewan Komisaris;       1. Duties, responsibilities, and authorities of the Board of             Sustainability Report
                                                                                                                                       Laporan Keberlanjutan
                                                                  Commissioners;
2. Hak Dewan Komisaris;                                       2. Rights of the Board of Commissioners;
3. Kriteria anggota Dewan Komisaris;                          3. Criteria for members of the Board of Commissioners;
4. Masa jabatan Dewan Komisaris;                              4. Term of office of the Board of Commissioners;
5. Program pengenalan Dewan Komisaris;                        5. Induction program for the Board of Commissioners;
6. Etika jabatan Dewan Komisaris;                             6. Code of ethics for the Board of Commissioners;
7. Rapat Dewan Komisaris;                                     7. Meetings of the Board of Commissioners;
8. Pelaporan dan pertanggungjawaban;                          8. Reporting and accountability;                                                        7
                                                                                                                                       Financial Report
                                                                                                                                       Laporan Keuangan




9. Evaluasi kinerja Dewan Komisaris;                          9. Performance evaluation of the Board of Commissioners;
10. Benturan kepentingan Dewan Komisaris;                     10. Conflicts of interest of the Board of Commissioners;
11. Hubungan kerja dengan Direksi;                            11. Working relationship with the Board of Directors;
12. Komite yang membantu Dewan Komisaris.                     12. Committees that assist the Board of Commissioners.




                                                              COMBINED REPORT • PT SHIELD ON SERVICES Tbk              119
Page 120
 KRITERIA ANGGOTA DEWAN                                        CRITERIA FOR THE BOARD OF
 KOMISARIS                                                     COMMISSIONERS
 Untuk memastikan jalannya tata kelola perusahaan secara       To ensure the effective implementation of corporate
 efektif, Perseroan menetapkan kriteria untuk posisi Dewan     governance, the Company has established the following
 Komisaris, yaitu sebagai berikut:                             criteria for Board of Commissioners positions:
 1. Mempunyai akhlak, moral, dan integritas yang baik;         1. Possesses good character, moral standing, and integrity;
 2. Cakap dalam melakukan perbuatan hukum;                     2. Legally competent to perform legal acts;
 3. Dalam 5 tahun sebelum pengangkatan dan menjabat:           3. Within the 5 years prior to appointment and during tenure:
    a. Tidak pernah dinyatakan pailit;                             a. Has never been declared bankrupt;
    b. Tidak pernah menjadi anggota Direksi dan/atau               b. Has never been a member of the Board of Directors
          anggota Dewan komisaris yang dinyatakan bersalah              and/or Board of Commissioners found culpable for
          menyebabkan suatu Perseroan dinyatakan pailit;                causing a Company to be declared bankrupt;
    c. Tidak pernah dihukum karena melakukan tindak                c. Has never been convicted of a criminal offense that
          pidana yang merugikan keuangan Negara dan/ atau               is detrimental to state finances and/or related to the
          yang berkaitan dengan sektor keuangan;                        financial sector;
    d. Tidak pernah menjadi anggota Direksi dan/atau               d. Has never been a member of the Board of Directors
          anggota Dewan Komisaris yang selama menjabat:                 and/or Board of Commissioners who, during their
                                                                        tenure:
        •   Pernah tidak menyelenggarakan RUPS;                         • Failed to convene a General Meeting of
        •   Pertanggungjawabannya sebagai anggota Direksi                   Shareholders (GMS);
            dan/atau anggota Dewan Komisaris pernah tidak               • Had their accountability as a member of the Board
            diterima oleh RUPS atau pernah tidak memberikan                 of Directors and/or Board of Commissioners
            pertanggungjawaban sebagai anggota Direksi                      rejected by the GMS or failed to provide
            dan/atau anggota Dewan Komisaris kepada RUPS;                   accountability as a member of the Board of Directors
                                                                            and/or Board of Commissioners to the GMS;
        •  Pernah menyebabkan Perseroan yang memperoleh                 • Caused the Company that obtained a license,
           izin, persetujuan, atau pendaftaran dari Otoritas                approval, or registration from the Financial Services
           Jasa Keuangan tidak memenuhi kewajiban                           Authority to fail to fulfill its obligation to submit
           menyampaikan laporan tahunan dan/atau laporan                    annual reports and/or financial reports to the
           keuangan kepada Otoritas Jasa Keuangan.                          Financial Services Authority.
 4. Memiliki komitmen untuk mematuhi peraturan perundang-      4. Demonstrates a commitment to comply with laws and
    undangan;                                                      regulations;
 5. Memiliki pengetahuan dan/atau keahlian di bidang yang      5. Possesses knowledge and/or expertise in the fields
    dibutuhkan Emiten atau Perseroan Publik.                       required by the Issuer or Public Company.

 MASA JABATAN DEWAN                                            TERM OF OFFICE OF THE BOARD
 KOMISARIS                                                     OF COMMISSIONERS
 Masa Jabatan Dewan Komisaris adalah 5 (lima) tahun dengan     The term of office for the Board of Commissioners is five (5)
 tidak mengurangi hak Rapat Umum Pemegang Saham untuk          years, without prejudice to the right of the General Meeting
 memberhentikan para anggota Dewan Komisaris sewaktu-          of Shareholders (GMS) to dismiss members of the Board of
 waktu. Setelah masa jabatan berakhir, anggota Dewan           Commissioners at any time. After the term of office expires,
 Komisaris dapat diangkat kembali oleh Rapat Umum              members of the Board of Commissioners may be reappointed
 Pemegang Saham. Masa jabatan anggota Dewan Komisaris          by the GMS. The term of office of a member of the Board of
 berakhir apabila:                                             Commissioners shall end if:
 1. Meninggal Dunia;                                           1. They pass away;
 2. Masa jabatannya berakhir;                                  2. Their term of office expires;
 3. Diberhentikan berdasarkan Rapat Umum Pemegang              3. They are dismissed by the GMS;
     Saham;
 4. Mengundurkan diri;                                         4. They resign;
 5. Dinyatakan pailit atau ditaruh di bawah pengampuan         5. They are declared bankrupt or placed under guardianship
     berdasarkan suatu keputusan Pengadilan;                      by a Court decision;
 6. Tidak lagi memenuhi persyaratan sebagai anggota            6. They no longer meet the requirements as a member of
     Dewan Komisaris berdasarkan Anggaran Dasar Perseroan         the Board of Commissioners under the Company's Articles
     dan peraturan Perundang-undangan lainnya.                    of Association and other applicable laws and regulations.

120   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 121
                                                                                                                                                               1




                                                                                                                                              Financial Summary
                                                                                                                                              Ikhtisar Keuangan
KOMPOSISI DEWAN KOMISARIS                                      COMPOSITION OF THE BOARD
                                                               OF COMMISSIONERS
Penentuan komposisi dan jumlah Dewan Komisaris mengacu         The determination of the composition and number of the
pada peraturan yang berlaku yakni POJK No. 33/POJK.04/2014     Board of Commissioners refers to applicable regulations,
                                                                                                                                                            2
mengenai jumlah anggota Dewan Komisaris Perseroan,             namely POJK No. 33/POJK.04/2014 concerning the number




                                                                                                                                              Management Report
                                                                                                                                              Laporan Manajemen
yaitu paling kurang terdiri dari dua orang.                    of members of the Company's Board of Commissioners,
                                                               which shall consist of at least two individuals.

Per 31 Desember 2024, susunan dan komposisi keanggotaan        As of December 31, 2024, the composition and membership
Dewan Komisaris Perseroan adalah sebagai berikut:              of the Company's Board of Commissioners are as follows:

                                                                                                                                                            3
                         Nama                           Jabatan                           Dasar Pengangkatan




                                                                                                                                              Company Profile
                                                                                                                                              Profil Perusahaan
  No.
                         Name                           Position                          Basis of Appointment
    1     Motohisa Suzuki                    Komisaris Utama                  Akta RUPSLB tanggal 20 Oktober 2023
                                             President Commissioner           Minutes of the Extraordinary General Meeting
                                                                              (EGM) dated October 20, 2023
    2     Maya Osaki                         Komisaris                        Akta RUPSLB tanggal 20 Oktober 2023
                                             Commissioner                     Minutes of the Extraordinary General Meeting
                                                                              (EGM) dated October 20, 2023                                                 4




                                                                                                                                    Discussion and Analysis
                                                                                                                                    Management
                                                                                                                                    Pembahasan Manajemen
                                                                                                                                    Analisis dan
    3     Herman Julianto                    Komisaris                        Akta RUPSLB tanggal 20 Oktober 2023
                                             Commissioner                     Minutes of the Extraordinary General Meeting
                                                                              (EGM) dated October 20, 2023
    4     Azusa Mihara                       Komisaris Independen             Akta RUPSLB tanggal 20 Oktober 2023
                                             Independent Commissioner         Minutes of the Extraordinary General Meeting
                                                                              (EGM) dated October 20, 2023
    5     Supratman Gunawan                  Komisaris Independen             Akta RUPSLB tanggal 20 Oktober 2023
                                             Independent Commissioner         Minutes of the Extraordinary General Meeting
                                                                              (EGM) dated October 20, 2023                                                 5




                                                                                                                                              Corporate Governance
                                                                                                                                              Tata Kelola Perusahaan
PROGRAM ORIENTASI DEWAN                                        BOARD OF COMMISSIONERS
KOMISARIS                                                      ORIENTATION PROGRAM
Perseroan memiliki program orientasi atau pengenalan bagi      The Company has an orientation or induction program for
anggota Dewan Komisaris yang baru dengan tujuan                new members of the Board of Commissioners to provide
memberikan gambaran atas aktivitas bisnis, rencana Perseroan   overview of the business activities, the Company's future
ke depan, pedoman kerja dan hal lainnya yang menjadi           plans, work guidelines and other issues that are the                                        6
tanggung jawab Dewan Komisaris. Penyelenggaraan program        responsibility of the Board of Commissioners. The                              Sustainability Report
                                                                                                                                              Laporan Keberlanjutan
orientasi atau pengenalan tersebut telah diatur dalam          implementation of the orientation or induction program is
Pedoman Kerja Dewan Komisaris dan dapat berupa presentasi,     regulated in the Board of Commissioners Work Guidelines
pertemuan, kunjungan ke fasilitas Perseroan, kunjungan ke      and can take the form of presentations, meetings, visits to
Proyek dan Pabrik atau program lainnya.                        the Company's facilities, visits to Projects and Factories or
                                                               other programs.

Pada tahun 2024 tidak terdapat pengangkatan Dewan              As there were no new Board of Commissioners appointments
Komisaris baru, sehingga tidak ada program orientasi yang      in 2024, consequently precluding the need for an onboarding                                   7
                                                                                                                                              Financial Report
                                                                                                                                              Laporan Keuangan




diselenggarakan.                                               program.

TUGAS DAN TANGGUNG JAWAB                                       DUTIES AND RESPONSIBILITIES
DEWAN KOMISARIS                                                OF THE BOARD OF
                                                               COMMISSIONERS
Dewan Komisaris Perseroan bertanggung jawab untuk:             The Company’s Board of Commissioners is responsible for:
1. Menjamin pengambilan keputusan yang efektif, tepat,         1. Ensuring effective, timely, and appropriate decision-making
   dan cepat serta dapat bertindak secara independen,             and being able to act independently, without any interests
   tidak mempunyai kepentingan yang dapat mengganggu              that could interfere with their ability to perform their duties

                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                    121
Page 122
      kemampuannya untuk melaksanakan tugas secara                independently and critically;
      mandiri dan kritis;
 2.   Melaksanakan tugas pengawasan dan pemberian nasihat     2. Carrying out supervisory duties and providing advice to
      kepada Direksi;                                            the Board of Directors;
 3.   Mengawasi Direksi dalam menjaga keseimbangan            3. Overseeing the Board of Directors in maintaining the
      kepentingan semua pihak, khususnya kepentingan             balance of interests of all parties, in particular the interests
      pemegang polis, tertanggung, peserta, dan/atau pihak       of policyholders, insured parties, participants, and/or
      yang berhak memperoleh manfaat;                            parties entitled to receive benefits;
 4.   Menyusun laporan kegiatan Dewan Komisaris yang          4. Preparing a report on the activities of the Board of
      merupakan bagian dari laporan penerapan Tata Kelola        Commissioners which forms part of the report on the
      Perusahaan yang baik; dan                                  implementation of Good Corporate Governance; and
 5.   Memantau efektivitas penerapan Tata Kelola Perusahaan   5. Monitoring the effectiveness of the implementation of
      yang baik.                                                 Good Corporate Governance.



 Pembagian Tugas dan Tanggung Jawab                           Division of Duties and Responsibilities of
 Dewan Komisaris                                              the Board of Commissioners

 Dewan Komisaris mengatur sendiri pembagian kerja di          The Board of Commissioners determines the division of labor
 antara para anggota dan untuk kelancaran tugasnya, Dewan     among its members, and for the smooth conduct of its duties,
 Komisaris dibantu oleh anggota Komite.                       the Board of Commissioners is assisted by members of the
                                                              Committees.

 Anggota Dewan Komisaris memfokuskan pengawasan pada          Members of the Board of Commissioners focus their supervision
 bidang masing-masing, dengan peran sebagai Ketua Komite      on their respective areas, with a role as Head of the Supporting
 Penunjang Dewan Komisaris, berdasarkan kompetensi dan        Committee of the Board of Commissioners, based on their
 pengalaman yang dimiliki.                                    respective competencies and experience.

 Program Pengembangan Kompetensi                              Board of Commissioners Competency
 Dewan Komisaris                                              Development Program

 Sepanjang tahun 2024, Dewan Komisaris mengikuti pelatihan/   Throughout 2024, the Board of Commissioners participated
 pengembangan kompetensi yang informasinya telah disajikan    in competency training/development, the information of which
 di Bab Profil Perseroan Laporan Tahunan.                     is presented in the Company Profile Chapter of the Annual
                                                              Report.



 KOMISARIS INDEPENDEN • Independent Commissioner

 Komposisi Dewan Komisaris terdiri dari 4 (empat) orang       Composition of the Board of Commissioners consists of four
 anggota Dewan Komisaris, dengan 2 (dua) di antaranya         (4) members, two (2) of whom are Independent Commissioners,
 adalah Komisaris Independen, selaras dengan POJK No.         in accordance with POJK No. 33/POJK.04/2014.
 33/POJK.04/2014.

 KRITERIA KOMISARIS                                           INDEPENDENT COMMISSIONER
 INDEPENDEN                                                   CRITERIA
 Kriteria Komisaris Independen yang tercantum dalam undang-   Criteria for Independent Commissioner as stated in the
 undang tersebut adalah sebagai berikut:                      aforementioned law are as follows:
 1. Bukan merupakan orang yang bekerja atau mempunyai         1. They are not individuals who have worked or held authority
     wewenang dan tanggung jawab untuk merencanakan,              and responsibility to plan, lead, control, or supervise the
     memimpin, mengendalikan, atau mengawasi kegiatan             activities of the issuer or Public Company within the past


122    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 123
                                                                                                                                                                      1




                                                                                                                                                     Financial Summary
                                                                                                                                                     Ikhtisar Keuangan
   emiten atau Perseroan Publik tersebut dalam waktu 6                     six (6) months, for reappointment as an Independent
   (enam) bulan terakhir, untuk pengangkatan kembali                       Commissioner of the Issuer or Public Company in the
   sebagai Komisaris Independen Emiten atau Perseroan                      following period;
   Publik pada periode berikutnya;
                                                                                                                                                                   2
2. Tidak mempunyai saham baik langsung maupun tidak                    2. They do not own shares, either directly or indirectly, in




                                                                                                                                                     Management Report
                                                                                                                                                     Laporan Manajemen
   langsung pada Emiten atau Perseroan Publik tersebut;                   the Issuer or Public Company;
3. Tidak mempunyai hubungan afiliasi dengan emiten atau                3. They do not have any affiliation with the issuer or Public
   Perseroan Publik, anggota Dewan Komisaris, anggota                     Company, members of the Board of Commissioners,
   Direksi, atau pemegang saham utama Emiten atau                         members of the Board of Directors, or major shareholders
   Perseroan Publik tersebut; dan                                         of the Issuer or Public Company; and
4. Tidak mempunyai hubungan usaha baik langsung maupun                 4. They do not have any direct or indirect business
   tidak langsung yang berkaitan dengan kegiatan usaha                    relationships related to the business activities of the Issuer                           3




                                                                                                                                                     Company Profile
                                                                                                                                                     Profil Perusahaan
   Emiten atau Perseroan Publik tersebut.                                 or Public Company.

INDEPENDENSI KOMISARIS                                                 INDEPENDENCE OF
INDEPENDEN                                                             INDEPENDENT COMMISSIONER
Per 31 Desember 2024, Perseroan memiliki 2 (dua) orang                 As of December 31, 2024, the Company has two (2) Independent
Komisaris Independen dari total 5 (lima) anggota Dewan                 Commissioners out of a total of five (5) members of the Board                              4
Komisaris yaitu Azusa Mihara dan Supratman Gunawan,                    of Commissioners, namely Azusa Mihara and Supratman




                                                                                                                                           Discussion and Analysis
                                                                                                                                           Management
                                                                                                                                           Pembahasan Manajemen
                                                                                                                                           Analisis dan
yang telah dipastikan status independensinya. Komisaris                Gunawan, whose independent status has been confirmed.
Independen Perseroan diangkat berdasarkan persetujuan                  The Company’s Independent Commissioners were appointed
RUPS tanggal 20 Oktober 2023.                                          based on the approval of the GMS dated October 20, 2023.

PERNYATAAN INDEPENDENSI                                                STATEMENT OF INDEPENDENCE
KOMISARIS INDEPENDEN                                                   OF INDEPENDENT
                                                                       COMMISSIONER                                                                               5




                                                                                                                                                     Corporate Governance
                                                                                                                                                     Tata Kelola Perusahaan
Selama menjabat, Komisaris Independen telah memenuhi                   Throughout their tenure, the Independent Commissioners
kriteria independen sebagaimana diatur dalam peraturan                 have fulfilled the independence criteria as stipulated in
yang berlaku.                                                          applicable regulations.

Pemenuhan Aspek Independensi Komisaris                                 Fulfillment of Independence Aspect of
Independen                                                             Independent Commissioner

                                                                                                                                                                  6
                                       Aspek Independensi                                                Azusa         Supratman                     Sustainability Report
                                      Independence Aspect                                                Mihara         Gunawan                      Laporan Keberlanjutan


 Bukan merupakan orang yang bekerja atau mempunyai wewenang dan tanggung jawab untuk
 merencanakan, memimpin, mengendalikan, atau mengawasi kegiatan Perseroan dalam waktu
 enam bulan terakhir.                                                                                      √                √
 Not a person who works or has the authority and responsibility to plan, lead, control, or supervise
 the activities of the Company within the last six months.
 Tidak mempunyai saham baik langsung maupun tidak langsung pada Perseroan.
                                                                                                           √                √
 Do not have shares, either directly or indirectly, in the Company.
                                                                                                                                                                    7
 Tidak mempunyai hubungan afiliasi dengan Perseroan, anggota Dewan Komisaris, anggota
                                                                                                                                                     Financial Report
                                                                                                                                                     Laporan Keuangan




 Direksi, atau Pemegang Saham Utama Perseroan.
                                                                                                           √                √
 Not affiliated with the Company, members of the Board of Commissioners, members of the Board
 of Directors, or the Company’s Major Shareholders.
 Tidak mempunyai keterkaitan finansial, baik langsung maupun tidak langsung dengan Perseroan
 atau perusahaan lain yang menyediakan jasa dan produk kepada Perseroan dan afiliasinya.
                                                                                                           √                √
 Has no financial relationship, either directly or indirectly with the Company or other companies that
 provide services and products to the Company and its affiliates.
 Tidak mempunyai hubungan usaha baik langsung maupun tidak langsung yang berkaitan
 dengan kegiatan usaha Perseroan.
                                                                                                           √                √
 Does not have a business relationship either directly or indirectly related to the Company’s main
 activities.


                                                                      COMBINED REPORT • PT SHIELD ON SERVICES Tbk                    123
Page 124
 Laporan Pelaksanaan Tugas Dewan                               Report on the Implementation of the
 Komisaris Tahun 2024                                          Board of Commissioners’ Duties in 2024

 Tanggung jawab Dewan Komisaris meliputi:                      The Board of Commissioners' responsibilities include:
 1. Melakukan pengawasan terhadap pengelolaan Perseroan        1. Overseeing the Company's management conducted by
    yang dilakukan oleh Direksi dan memberikan nasihat            the Board of Directors and providing counsel to the Board
    kepada Direksi mengenai Rencana Jangka Panjang                of Directors regarding the Company's Long-Term Plan,
    Perseroan, Rencana Kerja dan Anggaran Perseroan,              the Company's Work Plan and Budget, as well as the
    serta Ketentuan Anggaran Dasar dan Keputusan RUPS,            provisions of the Articles of Association and the resolutions
    serta Peraturan Perundang-Undangan yang berlaku;              of the General Meeting of Shareholders, and applicable
                                                                  Laws and Regulations;
 2. Memberikan nasihat yang dilakukan untuk kepentingan        2. Providing advisory services that are in the best interest
    Perseroan dan sesuai dengan maksud dan tujuan                 of the Company and in accordance with the Company's
    Perseroan;                                                    intent and objectives;
 3. Melaksanakan tugas dan tanggung jawab sesuai dengan        3. Carrying out duties and responsibilities in accordance
    ketentuan dalam Anggaran Dasar dan keputusan RUPS;            with the provisions of the Articles of Association and the
                                                                  resolutions of the General Meeting of Shareholders;
 4. Bertanggung jawab kepada RUPS;                             4. Being accountable to the General Meeting of Shareholders;
 5. Bertanggung jawab untuk menganalisis dan meninjau          5. Being responsible for analyzing and reviewing the annual
    laporan tahunan yang disiapkan Direksi;                       report prepared by the Board of Directors;
 6. Bertanggung jawab terhadap evaluasi kinerja komite-        6. Being responsible for evaluating the performance of
    komite di bawah Dewan Komisaris.                              committees under the Board of Commissioners.

 Selain kegiatan di atas, selama tahun 2024 Dewan Komisaris    In addition to the aforementioned activities, during 2024, the
 bersama Direksi melakukan kunjungan ke proyek untuk           Board of Commissioners, in conjunction with the Board of
 melakukan pengawasan atas progres proyek yang tengah          Directors, conducted site visits to projects to oversee the
 berlangsung.                                                  progress of ongoing projects.



 DIREKSI • Board of Directors

 Direksi memimpin dan mengelola Perseroan, mendorong           The Board of Directors leads and manages the Company,
 pertumbuhan melalui kebijakan strategis pengembangan          driving growth through strategic business development
 usaha. Direksi memastikan bahwa setiap keputusan dan          policies. The Board of Directors ensure that every decision
 tindakan yang diambil selaras dengan tujuan Perseroan dan     and action taken is aligned with the Company’s objectives
 memberikan manfaat bagi seluruh pemangku kepentingan.         and provides benefits to all stakeholders.

 PEDOMAN KERJA DIREKSI                                         BOARD OF DIRECTORS WORK
                                                               GUIDELINES
 Perseroan menjadikan Undang-Undang No. 40 tahun 2007          The Company uses Law No. 40 of 2007 and the Company’s
 dan Anggaran Dasar Perseroan sebagai pedoman dalam            Articles of Association as guidelines in making decisions and
 pengambilan keputusan dan melaksanakan tata laksana           carrying out day-to-day work procedures.
 kerja sehari-hari.

 KRITERIA ANGGOTA DIREKSI                                      BOARD OF DIRECTORS MEMBER
                                                               CRITERIA
 Untuk menjamin anggota Direksi yang memiliki kinerja sesuai   To ensure that members of the Board of Directors have
 harapan Pemegang Saham dan kebutuhan Perseroan, maka          performance in accordance with the expectations of the
 Perseroan perlu menetapkan kebijakan tentang kriteria         Shareholders and the needs of the Company, the Company
 anggota Direksi yang sesuai kebutuhan, di antaranya:          needs to establish a policy on the criteria for members of the
                                                               Board of Directors that are appropriate to the needs, including:

124   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 125
                                                                                                                                                                1




                                                                                                                                               Financial Summary
                                                                                                                                               Ikhtisar Keuangan
1. Mempunyai akhlak, moral, dan integritas yang baik.             1. Having good character, morals, and integrity.
2. Cakap dalam melakukan perbuatan hukum.                         2. Capable of performing legal acts.
3. Dalam 5 tahun sebelum pengangkatan dan menjabat:               3. Within 5 years before appointment and while serving:
   a. Tidak pernah dinyatakan pailit;                                a. Never been declared bankrupt;
                                                                                                                                                             2
   b. Tidak pernah menjadi anggota Direksi dan/atau                  b. Never been a member of the Board of Directors and/




                                                                                                                                               Management Report
                                                                                                                                               Laporan Manajemen
      anggota Dewan komisaris yang dinyatakan bersalah                  or a member of the Board of Commissioners who was
      menyebabkan suatu Perseroan dinyatakan pailit;                    found guilty of causing a Company to be declared
                                                                        bankrupt;
   c. Tidak pernah dihukum karena melakukan tindak                   c. Never been convicted of committing a criminal offense
      pidana yang merugikan keuangan Negara dan/ atau                   that is detrimental to state finances and/or related to
      yang berkaitan dengan sektor keuangan;                            the financial sector;
   d. Tidak pernah menjadi anggota Direksi dan/atau                  d. Never been a member of the Board of Directors and/                                   3




                                                                                                                                               Company Profile
                                                                                                                                               Profil Perusahaan
      anggota Dewan Komisaris yang selama menjabat:                     or a member of the Board of Commissioners who,
                                                                        while serving:
       •   Pernah tidak menyelenggarakan RUPS;                          • Failed to hold a GMS;
       •   Pertanggungjawabannya sebagai anggota Direksi                • Their accountability as a member of the Board of
           dan/atau anggota Dewan Komisaris pernah tidak                    Directors and/or a member of the Board of
           diterima oleh RUPS atau pernah tidak memberikan                  Commissioners was not accepted by the GMS or
           pertanggungjawaban sebagai anggota Direksi                       never provided accountability as a member of the                                4
           dan/atau anggota Dewan Komisaris kepada RUPS;                    Board of Directors and/or a member of the Board




                                                                                                                                     Discussion and Analysis
                                                                                                                                     Management
                                                                                                                                     Pembahasan Manajemen
                                                                                                                                     Analisis dan
                                                                            of Commissioners to the GMS;
       •  Pernah menyebabkan Perseroan yang memperoleh                  • Caused the Company that obtained a permit,
          izin, persetujuan, atau pendaftaran dari Otoritas                 approval, or registration from the Financial Services
          Jasa Keuangan tidak memenuhi kewajiban                            Authority to fail to fulfill its obligation to submit
          menyampaikan laporan tahunan dan/atau laporan                     annual report and/or financial report to the Financial
          keuangan kepada Otoritas Jasa Keuangan.                           Services Authority.
4. Memiliki komitmen untuk mematuhi peraturan perundang-          4. Having a commitment to comply with laws and regulations.
   undangan.                                                                                                                                                5




                                                                                                                                               Corporate Governance
                                                                                                                                               Tata Kelola Perusahaan
5. Memiliki pengetahuan dan/atau keahlian di bidang yang          5. Having knowledge and/or expertise in the fields needed
   dibutuhkan Emiten atau Perseroan Publik.                          by the Issuer or Public Company.

MASA JABATAN DIREKSI                                              TERM OF OFFICE OF THE BOARD
                                                                  OF DIRECTORS
Masa jabatan anggota Direksi Perseroan untuk 1 (satu)             The term of office of a member of the Company's Board of
periode paling lama adalah 5 (lima) tahun terhitung sejak         Directors for one (1) period is a maximum of five (5) years,                              6
tanggal yang ditetapkan oleh RUPS pengangkatannya,                calculated from the date determined by the GMS of their                      Sustainability Report
                                                                                                                                               Laporan Keberlanjutan
dengan tidak mengurangi hak RUPS tersebut untuk                   appointment, without prejudice to the right of the GMS to
memberhentikan anggota Direksi tersebut sewaktu-waktu             dismiss said member of the Board of Directors at any time
sebelum masa jabatannya berakhir sesuai dengan ketentuan          before their term of office expires in accordance with the
dalam Anggaran Dasar Perseroan. Setelah masa jabatannya           provisions in the Company's Articles of Association. After
berakhir, anggota Direksi dapat diangkat kembali oleh RUPS        their term of office expires, members of the Board of Directors
untuk 1 (satu) kali masa jabatan, kecuali ditetapkan lain dalam   may be reappointed by the GMS for one (1) term of office,
RUPS.                                                             unless otherwise determined in the GMS.
                                                                                                                                                              7
                                                                                                                                               Financial Report
                                                                                                                                               Laporan Keuangan




                                                                  COMBINED REPORT • PT SHIELD ON SERVICES Tbk                  125
Page 126
 KOMPOSISI DIREKSI                                               COMPOSITION OF THE BOARD
                                                                 OF DIRECTORS
 Per 31 Desember 2024, susunan dan komposisi keanggotaan         As of December 31, 2024, the composition and membership
 Direksi Perseroan adalah sebagai berikut:                       of the Company's Board of Directors are as follows:


                             Nama                   Jabatan                            Dasar Pengangkatan
      No.
                             Name                   Position                           Basis of Appointment
       1      Hiroshi Iwai               Direktur Utama               Akta RUPS Luar Biasa tanggal 20 Oktober 2023
                                         President Director           Minutes of the Extraordinary General Meeting (EGM) dated
                                                                      October 20, 2023
      2       Akira Kawamura             Direktur                     Akta RUPS Luar Biasa tanggal 20 Oktober 2023
                                         Director                     Minutes of the Extraordinary General Meeting (EGM) dated
                                                                      October 20, 2023
       3      Ryoji Hamasaki             Direktur                     Akta RUPS Luar Biasa tanggal 20 Oktober 2023
                                         Director                     Minutes of the Extraordinary General Meeting (EGM) dated
                                                                      October 20, 2023
       4      Djono Karjadi              Direktur                     Akta RUPS Luar Biasa tanggal 20 Oktober 2023
                                         Director                     Minutes of the Extraordinary General Meeting (EGM) dated
                                                                      October 20, 2023


 RUANG LINGKUP TUGAS DAN                                         SCOPE OF DUTIES AND
 TANGGUNG JAWAB DIREKSI                                          RESPONSIBILITIES OF THE
                                                                 BOARD OF DIRECTORS
 Berdasarkan POJK No. 33/POJK.04/2014 pasal 12 tentang           Based on POJK No. 33/POJK.04/2014 article 12 concerning
 tugas, tanggung jawab, dan wewenang, Direksi Perseroan          duties, responsibilities, and authorities, the Company's Board
 bertanggung jawab untuk:                                        of Directors is responsible for:
    1. Menjalankan dan bertanggung jawab atas pengurusan             1. Managing and being responsible for the management
         Emiten atau Perseroan Publik untuk kepentingan                   of the Issuer or Public Company for the benefit of the
         Emiten atau Perseroan Publik sesuai dengan maksud                Issuer or Public Company in accordance with the
         dan tujuan Emiten atau Perseroan Publik yang                     purposes and objectives of the Issuer or Public
         ditetapkan dalam Anggaran Dasar.                                 Company as stipulated in the Articles of Association.
    2. Menyelenggarakan RUPS tahunan dan RUPS lainnya                2. Organizing annual GMS and other GMS as regulated
         sebagaimana diatur dalam peraturan perundang-                    in the laws and regulations and the articles of
         undangan dan anggaran dasar.                                     association.
    3. Melaksanakan tugas dan tanggung jawab dengan                  3. Carrying out duties and responsibilities in good faith,
         itikad baik, penuh tanggung jawab, dan kehati-hatian.            with full responsibility, and prudence.
    4. Dalam rangka mendukung efektivitas pelaksanaan                4. In order to support the effectiveness of the
         tugas dan tanggung jawab, Direksi dapat membentuk                implementation of duties and responsibilities, the
         Komite.                                                          Board of Directors may form Committees.
    5. Melakukan evaluasi terhadap Komite setiap akhir               5. Evaluating the Committees at the end of each financial
         tahun buku.                                                      year.

 PEMBAGIAN TUGAS DIREKSI                                         DIVISION OF DUTIES OF THE
                                                                 BOARD OF DIRECTORS
 Pembagian tugas Direksi telah diatur di dalam Undang-           The division of duties of the Board of Directors is regulated in
 Undang No. 40 Tahun 2007 pasal 92 ayat 5 yang menyatakan:       Law No. 40 of 2007 article 92 paragraph 5 which states: in
 dalam hal Direksi terdiri atas 2 (dua) anggota Direksi atau     the event that the Board of Directors consists of two (2) or
 lebih, pembagian tugas dan wewenang pengurusan di antara        more members of the Board of Directors, the division of duties
 anggota Direksi ditetapkan berdasarkan keputusan RUPS.          and management authority among the members of the Board
                                                                 of Directors is determined by a decision of the GMS.




126        COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 127
                                                                                                                                                            1




                                                                                                                                           Financial Summary
                                                                                                                                           Ikhtisar Keuangan
KEBIJAKAN SUKSESI DIREKSI                                      BOARD OF DIRECTORS
                                                               SUCCESSION POLICY
Dalam rangka implementasi praktik bisnis yang sehat dan        In order to implement sound business practices and fulfill
memenuhi prinsip tata kelola perusahaan yang baik,             the principles of good, professional, and competent corporate
                                                                                                                                                         2
profesional, dan kompeten, Dewan Komisaris memastikan          governance, the Board of Commissioners ensures the existence




                                                                                                                                           Management Report
                                                                                                                                           Laporan Manajemen
adanya kebijakan suksesi anggota Direksi guna menjaga          of a succession policy for members of the Board of Directors
kesinambungan kepemimpinan dan keberlangsungan usaha           to maintain leadership continuity and the sustainability of the
Perseroan.                                                     Company's business.

PENILAIAN ATAS KINERJA                                         ASSESSMENT OF THE
KOMITE PENUNJANG DIREKSI                                       PERFORMANCE OF THE BOARD                                                                  3
                                                               OF DIRECTORS SUPPORTING




                                                                                                                                           Company Profile
                                                                                                                                           Profil Perusahaan
                                                               COMMITTEES

Perseroan tidak memiliki Komite yang berada di bawah           The Company does not have Committees under the Board
Direksi. Pelaksanaan tugas dan tanggung jawab Direksi          of Directors. The implementation of the duties and
didukung oleh satuan kerja yang dipimpin oleh Sekretaris       responsibilities of the Board of Directors is supported by
Perseroan, SPI, dan Manajer Divisi.                            work units led by the Corporate Secretary, Internal Audit Unit,                          4
                                                               and Division Managers.




                                                                                                                                 Discussion and Analysis
                                                                                                                                 Management
                                                                                                                                 Pembahasan Manajemen
                                                                                                                                 Analisis dan
PELAKSANAAN TUGAS DAN                                          IMPLEMENTATION OF THE
TANGGUNG JAWAB DIREKSI                                         DUTIES AND RESPONSIBILITIES
TAHUN 2024                                                     OF THE BOARD OF DIRECTORS
                                                               IN 2024

1. Direksi menyelenggarakan RUPS tahunan pada tanggal          1. The Board of Directors convened the Annual General                                    5




                                                                                                                                           Corporate Governance
                                                                                                                                           Tata Kelola Perusahaan
   21 Juni 2024, sesuai dengan peraturan dan Anggaran             Meeting of Shareholders on June 21, 2024, in accordance
   Dasar.                                                         with the regulations and the Articles of Association.
2. Menyelenggarakan rapat sebanyak 12 kali sepanjang           2. Held meetings 12 times throughout 2024 to coordinate
   tahun 2024 untuk berkoordinasi dengan divisi dan               with divisions and other management, as part of the
   manajemen lainnya, sebagai bagian dari kepengurusan            company's governance and management.
   dan pengelolaan perusahaan.

                                                                                                                                                        6

RAPAT DEWAN KOMISARIS DAN DIREKSI •
                                                                                                                                           Sustainability Report
                                                                                                                                           Laporan Keberlanjutan



Meetings of the Board of Commissioners and the Board of Directors
Sepanjang tahun 2024, Direksi maupun Dewan Komisaris           Throughout 2024, the Board of Directors and the Board of
mengadakan rapat secara berkala baik secara tatap muka         Commissioners held regular meetings, either face-to-face or
langsung atau dengan pemanfaatan sarana teknologi informasi    using information technology facilities such as video
seperti fasilitas video conference. Sedangkan dalam beberapa   conferencing. On several occasions, which were also scheduled
kesempatan yang juga dijadwalkan secara berkala, diadakan      regularly, joint meetings were held attended by: the Board                                 7
                                                                                                                                           Financial Report
                                                                                                                                           Laporan Keuangan




rapat gabungan yang dihadiri oleh: Direksi, Dewan Komisaris,   of Directors, the Board of Commissioners, the Committees,
Komite-Komite, dan Divisi lainnya.                             and other Divisions.

RAPAT DEWAN KOMISARIS                                          BOARD OF COMMISSIONERS
                                                               MEETINGS
Rapat Dewan Komisaris Perseroan wajib diadakan secara          The Company's Board of Commissioners meetings are
berkala paling kurang 1 kali dalam 2 bulan. Agenda yang        required to be held periodically at least once every two
dibahas dalam rapat dapat berupa laporan kinerja, laporan      months. The agenda discussed in the meetings may include


                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                 127
Page 128
 keuangan serta laporan dari komitekomite penunjang.                 performance reports, financial reports and reports from
 Sepanjang tahun 2024, Dewan Komisaris telah melangsungkan           supporting committees. Throughout 2024, the Board of
 rapat internal antar Dewan Komisaris sebanyak 6 kali dengan         Commissioners has held internal meetings among the Board
 rincian sebagai berikut:                                            of Commissioners as many as 6 times with the following
                                                                     details:
                                                   Jumlah Wajib Rapat             Jumlah Kehadiran
           Nama                  Jabatan                                                                      % Kehadiran
                                                   Number of Mandatory               Number of
           Name                  Position                                                                     % Attendance
                                                        Meeting                      Attendance
  Motohisa Suzuki         Komisaris Utama
                                                                6                           6                      100%
                          President Commissioner
  Maya Osaki              Komisaris
                                                                6                           6                      100%
                          Commissioner
  Herman Julianto         Komisaris
                                                                6                           6                      100%
                          Commissioner
  Azusa Mihara            Komisaris Independen
                          Independent                           6                           6                      100%
                          Commissioner
  Supratman Gunawan       Komisaris Independen
                          Independent                           6                           6                      100%
                          Commissioner


 RAPAT DIREKSI                                                       BOARD OF DIRECTORS MEETINGS
 Berdasarkan POJK No. 33/POJK.04/2014 pasal 16 Rapat                 Based on POJK No. 33/POJK.04/2014 article 16, Board of
 Direksi diselenggarakan secara berkala sekurang-kurangnya           Directors Meetings are held periodically at least once a month
 sebulan sekali atau setiap waktu bila diperlukan. Keputusan         or at any time when necessary. Decisions of the Board of
 rapat Direksi harus diambil berdasarkan musyawarah untuk            Directors meeting must be taken based on deliberation for
 mufakat. Sepanjang tahun 2024, Dewan Komisaris telah                consensus. Throughout 2024, the Board of Commissioners
 melangsungkan rapat internal bersama Direksi sebanyak               has held internal meetings with the Board of Directors as
 12 kali dengan rincian sebagai berikut:                             many as 12 times with the following details:


                                                   Jumlah Wajib Rapat             Jumlah Kehadiran
           Nama                  Jabatan                                                                      % Kehadiran
                                                   Number of Mandatory               Number of
           Name                  Position                                                                     % Attendance
                                                        Meeting                      Attendance
  Hiroshi Iwai            Direktur Utama
                                                                12                         12                      100%
                          President Director
  Akira Kawamura          Direktur
                                                                12                         12                      100%
                          Director
  Ryoji Hamasaki          Direktur
                                                                12                         12                      100%
                          Director
  Djono Karjadi           Direktur
                                                                12                         12                      100%
                          Director



 RAPAT GABUNGAN                                                      JOINT MEETINGS
 Rapat gabungan merupakan rapat antara Direksi, Dewan                Joint meetings are meetings between the Board of Directors,
 Komisaris, komite-komite, serta divisi lain yang diperlukan.        the Board of Commissioners, committees, and other necessary
 Rapat biasanya membahas tentang berbagai topik isu                  divisions. The meetings usually discuss various strategic
 strategis baik operasional maupun non-operasional. Rapat            issues, both operational and non-operational. The Company's
 gabungan Perseroan sepanjang tahun 2024 dilakukan                   joint meetings throughout 2024 were held 3 times with the
 sebanyak 3 kali dengan rincian sebagai berikut:                     following details:




128   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 129
                                                                                                                                                           1




                                                                                                                                          Financial Summary
                                                                                                                                          Ikhtisar Keuangan
                                                 Jumlah Wajib Rapat          Jumlah Kehadiran
          Nama                 Jabatan                                                                   % Kehadiran
                                                 Number of Mandatory            Number of
          Name                 Position                                                                  % Attendance
                                                      Meeting                   Attendance
 Motohisa Suzuki        Komisaris Utama
                                                            3                         3                       100%
                        President Commissioner                                                                                                          2
 Maya Osaki             Komisaris




                                                                                                                                          Management Report
                                                                                                                                          Laporan Manajemen
                                                            3                         3                       100%
                        Commissioner
 Herman Julianto        Komisaris
                                                            3                         3                       100%
                        Commissioner
 Azusa Mihara           Komisaris Independen
                        Independent                         3                         3                       100%
                        Commissioner
                                                                                                                                                        3
 Supratman Gunawan      Komisaris Independen




                                                                                                                                          Company Profile
                                                                                                                                          Profil Perusahaan
                        Independent                         3                         3                       100%
                        Commissioner
 Hiroshi Iwai           Direktur Utama
                                                            3                         3                       100%
                        President Director
 Akira Kawamura         Direktur
                                                            3                         3                       100%
                        Director
 Ryoji Hamasaki         Direktur                                                                                                                       4
                                                            3                         3                       100%
                        Director




                                                                                                                                Discussion and Analysis
                                                                                                                                Management
                                                                                                                                Pembahasan Manajemen
                                                                                                                                Analisis dan
 Djono Karjadi          Direktur
                                                            3                         3                       100%
                        Director




TRANSPARANSI INFORMASI
DEWAN KOMISARIS DAN DIREKSI •                                                                                                                          5
Transparency of Information Regarding the Board of




                                                                                                                                          Corporate Governance
                                                                                                                                          Tata Kelola Perusahaan
Commissioners and the Board of Directors

NOMINASI DAN REMUNERASI                                         NOMINATION AND
DEWAN KOMISARIS DAN DIREKSI                                     REMUNERATION OF THE BOARD
                                                                OF COMMISSIONERS AND                                                                   6
                                                                BOARD OF DIRECTORS                                                        Sustainability Report
                                                                                                                                          Laporan Keberlanjutan



Kebijakan Nominasi Dewan Komisaris dan                          Board of Commissioners and Board of
Direksi                                                         Directors Nomination Policy

Penetapan Direksi dan Dewan Komisaris dilakukan melalui         The appointment of the Board of Directors and the Board of
mekanisme RUPS. Sebelum ditetapkan dalam RUPS. Prosedur         Commissioners is carried out through the GMS mechanism.
penetapan nominasi dilakukan secara bertahap melalui            Prior to being determined in the GMS, the nomination
usulan Komite Nominasi dan Remunerasi untuk disetujui           determination procedure is carried out in stages through                                 7
                                                                                                                                          Financial Report
                                                                                                                                          Laporan Keuangan




oleh Pemegang Saham dalam RUPS.                                 proposals from the Nomination and Remuneration Committee
                                                                to be approved by the Shareholders in the GMS.

Kebijakan Remunerasi Dewan Komisaris                            Board of Commissioners and Board of
dan Direksi                                                     Directors Remuneration Policy

Kebijakan terkait remunerasi Dewan Komisaris dan Direksi        The policy regarding the remuneration of the Board of
tercantum dalam pedoman kerja. Perseroan berkomitmen            Commissioners and the Board of Directors is contained in
untuk menerapkan sistem remunerasi yang kompetitif, adil,       the work guidelines. The Company is committed to implementing


                                                                COMBINED REPORT • PT SHIELD ON SERVICES Tbk               129
Page 130
 dan seimbang, sebagai salah satu aspek yang penting untuk        a competitive, fair, and balanced remuneration system, as
 memotivasi dan mempertahankan karyawan-karyawan yang             one important aspect to motivate and retain qualified
 berkualitas. Perseroan menerapkan kebijakan remunerasi           employees. The Company implements a remuneration policy
 bagi Dewan Komisaris, Direksi, baik yang tetap maupun            for the Board of Commissioners, the Board of Directors, both
 yang variabel.                                                   fixed and variable.

 Prosedur Penetapan Remunerasi                                    Remuneration Determination Procedure

 Proses penetapan remunerasi Dewan Komisaris dilakukan            The process of determining the remuneration of the Board
 dan disetujui dalam Rapat Umum Pemegang Saham (RUPS).            of Commissioners is carried out and approved in the General
                                                                  Meeting of Shareholders (GMS).

 Struktur Remunerasi                                              Remuneration Structure

 Dalam menyusun struktur dan besaran remunerasi masing-           In determining the structure and amount of remuneration for
 masing anggota Dewan Komisaris dan Direksi, Perseroan            each member of the Board of Commissioners and the Board
 memperhatikan tugas, wewenang, kinerja dan tanggung              of Directors, the Company takes into account the duties,
 jawab masing-masing anggota Dewan Komisaris dan Direksi,         authorities, performance and responsibilities of each member
 serta remunerasi yang berlaku di industri sejenis (peers),       of the Board of Commissioners and the Board of Directors,
 pendapatan, aktiva, tingkat inflasi, kondisi dan kemampuan       as well as remuneration prevailing in similar industries (peers),
 keuangan Perusahaan. Semua indikator dan penetapan               income, assets, inflation rate, conditions and financial
 tidak boleh bertentangan dengan perundang-undangan               capabilities of the Company. All indicators and determinations
 yang berlaku.                                                    must not conflict with applicable laws and regulations.

 Transparansi Remunerasi Tahun 2024                               Remuneration Transparency in 2024

 Besaran remunerasi bagi Dewan Komisaris dan Direksi              The amount of remuneration for the Board of Commissioners
 ditetapkan dan disetujui oleh Pemegang Saham dalam               and the Board of Directors is determined and approved by
 RUPS. Sebagaimana tercatat dalam laporan keuangan                the Shareholders in the GMS. As recorded in the audited
 teraudit tanggal 21 Maret 2025 Perseroan membayarkan             financial statements dated March 21, 2025, the Company
 gaji dan tunjangan kepada Dewan Komisaris dan Direksi            paid salaries and benefits to the Board of Commissioners
 dengan total sebesar Rp1.116,64 juta.                            and the Board of Directors totaling Rp1,116.64 million.



 PENILAIAN ATAS KINERJA
 DEWAN KOMISARIS DAN DIREKSI •
 Performance Assessment of the Board of
 Commissioners and Board of Directors

 KRITERIA PENILAIAN KINERJA                                       BOARD OF COMMISSIONERS
 DEWAN KOMISARIS                                                  PERFORMANCE ASSESSMENT
                                                                  CRITERIA
 Dalam menetapkan remunerasi Dewan Komisaris, Perseroan           In determining the remuneration of the Board of Commissioners,
 mengacu pada beberapa indikator yang sesuai dengan               the Company refers to several indicators in accordance with
 kebijakan dari Komite Remunerasi Perseroan. Perseroan            the policies of the Company’s Remuneration Committee. The
 melakukan evaluasi kinerja Dewan Komisaris baik secara           Company evaluates the performance of the Board of
 kolegial maupun individu melalui mekanisme mandiri (self-        Commissioners both collegially and individually through a
 assessment) setiap tahunnya berdasarkan atas tingkat             self-assessment mechanism annually based on the Company’s
 pencapaian Perseroan dibandingkan dengan target (Key             level of achievement compared to the agreed targets (Key
 Performance Indicator) yang telah disepakati. Evaluasi kinerja   Performance Indicators). The performance evaluation of the


130   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 131
                                                                                                                                                           1




                                                                                                                                          Financial Summary
                                                                                                                                          Ikhtisar Keuangan
Dewan Komisaris juga dilakukan dengan mempertimbangkan         Board of Commissioners is also carried out by considering
tugas dan tanggung jawab Dewan Komisaris sesuai dengan         the duties and responsibilities of the Board of Commissioners
peraturan perundang-undangan dan/atau Anggaran Dasar           in accordance with applicable laws and regulations and/or
Perseroan.                                                     the Company’s Articles of Association.
                                                                                                                                                        2

PROSES PELAKSANAAN                                             PERFORMANCE EVALUATION




                                                                                                                                          Management Report
                                                                                                                                          Laporan Manajemen
EVALUASI KINERJA                                               PROCESS
Evaluasi kinerja Dewan Komisaris secara kolegial dilakukan     The performance evaluation of the Board of Commissioners
berdasarkan kriteria penilaian antara lain meliputi:           collegially is carried out based on assessment criteria which
                                                               include:
   1. Pencapaian Kinerja Perseroan sesuai dengan target            1. Company Performance Achievement in accordance                                     3




                                                                                                                                          Company Profile
                                                                                                                                          Profil Perusahaan
      yang telah ditetapkan.                                           with the targets that have been set.
   2. Ketaatan terhadap peraturan perundang-undangan               2. Compliance with applicable laws and regulations and
      yang berlaku serta kebijakan Perseroan.                          the Company’s policies.
   3. Komitmen dalam memajukan kepentingan Perseroan.              3. Commitment to advancing the interests of the Company.
   4. Pelaksanaan pengawasan dan pengelolaan Perseroan.            4. Implementation of supervision and management of
                                                                       the Company.
   5. Penerapan Good Corporate Governance di Perseroan.            5. Implementation of Good Corporate Governance in                                   4
                                                                       the Company.




                                                                                                                                Discussion and Analysis
                                                                                                                                Management
                                                                                                                                Pembahasan Manajemen
                                                                                                                                Analisis dan
Evaluasi kinerja Dewan Komisaris secara individual dilakukan   The individual performance evaluation of the Board of
berdasarkan kriteria penilaian antara lain meliputi:           Commissioners is carried out based on assessment criteria
                                                               which include:
   1. Tingkat kehadiran dalam masing-masing rapat internal        1. Attendance rate in each internal meeting and joint
      maupun rapat gabungan Dewan Komisaris dengan                    meeting of the Board of Commissioners with the Board
      Direksi beserta rapat dengan Komite-Komite                      of Directors as well as meetings with the Supporting
      Pendukung di bawah Dewan Komisaris.                             Committees under the Board of Commissioners.                                     5




                                                                                                                                          Corporate Governance
                                                                                                                                          Tata Kelola Perusahaan
   2. Kontribusi dalam proses pengawasan dan pemberian            2. Contributions to the oversight process and provision
      nasihat terhadap Jajaran Manajemen.                             of advice to Management.

Hasil evaluasi kinerja Dewan Komisaris disampaikan kepada      Performance evaluation results of the Board of Commissioners
Komisaris Utama dan evaluasi akhir penilaian akan dilakukan    are submitted to the President Commissioner and the final
oleh Komisaris Utama. Hasil evaluasi kinerja anggota Dewan     evaluation assessment will be carried out by the President
Komisaris menjadi bahan pertimbangan dalam memberikan          Commissioner. The performance evaluation results of the
arahan untuk meningkatkan efektivitas kinerja Dewan            members of the Board of Commissioners become material                                   6
Komisaris guna memberikan rekomendasi untuk mengangkat         for consideration in providing direction to improve the                    Sustainability Report
                                                                                                                                          Laporan Keberlanjutan
kembali anggota Dewan Komisaris dan untuk menyusun             effectiveness of the performance of the Board of Commissioners
struktur remunerasi Dewan Komisaris. Selain itu, evaluasi      in order to provide recommendations for re-electing members
kinerja Dewan Komisaris disampaikan secara umum sebagai        of the Board of Commissioners and for preparing the
bentuk pertanggungjawaban pelaksanaan tugas dan tanggung       remuneration structure of the Board of Commissioners. In
jawab pada saat RUPS Tahunan dan laporan tahunan               addition, performance evaluation of the Board of Commissioners
Perseroan.                                                     is generally submitted as a form of accountability for the
                                                               implementation of duties and responsibilities at the Annual
                                                               GMS and the Company’s annual report.                                                      7
                                                                                                                                          Financial Report
                                                                                                                                          Laporan Keuangan




KRITERIA PENILAIAN KINERJA                                     BOARD OF DIRECTORS
DIREKSI                                                        PERFORMANCE ASSESSMENT
                                                               CRITERIA
Dalam menetapkan remunerasi Direksi, Perseroan mengacu         In determining the remuneration of the Board of Directors,
pada beberapa indikator yang sesuai dengan kebijakan           the Company refers to several indicators in accordance with
yang berlaku.                                                  applicable policies.




                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                131
Page 132
 Penilaian terhadap hasil kinerja Direksi dilakukan secara     The assessment of the performance results of the Board of
 berkala oleh Komite Nominasi dan Remunerasi. RUPS             Directors is carried out periodically by the Nomination and
 menetapkan remunerasi bagi anggota Direksi berdasarkan        Remuneration Committee. The GMS determines the
 rekomendasi dari Komite Nominasi dan Remunerasi. RUPS         remuneration for members of the Board of Directors based
 juga dapat memberikan wewenang kepada Dewan Komisaris         on recommendations from the Nomination and Remuneration
 untuk menetapkan remunerasi bagi anggota Direksi dengan       Committee. The GMS may also grant authority to the Board
 memperhatikan pendapat Komite Nominasi dan Remunerasi         of Commissioners to determine remuneration for members
 Perseroan.                                                    of the Board of Directors by taking into account the opinion
                                                               of the Company’s Nomination and Remuneration Committee.

 Perseroan melakukan evaluasi kinerja Direksi baik secara      The Company evaluates the performance of the Board of
 kolegial maupun individu melalui mekanisme mandiri (self-     Directors both collegially and individually through a self-
 assessment) setiap tahunnya berdasarkan tingkat pencapaian    assessment mechanism annually based on the Company’s
 Perseroan dibandingkan dengan target (Key Performance         level of achievement compared to the agreed targets (Key
 Indicators) yang disepakati. Evaluasi kinerja Direksi juga    Performance Indicators). The performance evaluation of the
 dilakukan dengan mempertimbangkan tugas dan tanggung          Board of Directors is also carried out by considering the
 jawab Direksi sesuai dengan peraturan perundang-undangan      duties and responsibilities of the Board of Directors in
 dan/ atau Anggaran Dasar Perseroan.                           accordance with applicable laws and regulations and/or the
                                                               Company’s Articles of Association.

 PROSES PELAKSANAAN                                            PERFORMANCE EVALUATION
 EVALUASI KINERJA                                              PROCESS
 1. Evaluasi kinerja Direksi secara kolegial dilakukan         1.   Collegial performance evaluation of the Board of Directors
    berdasarkan pencapaian secara keseluruhan, antara               is carried out based on overall achievement, which
    lain mencakup kriteria:                                         includes, among other criteria:
    a. Keuangan, Pasar & Hukum;                                     a. Financial, Market & Legal;
    b. Fokus dan Hubungan Pelanggan;                                b. Customer Focus and Relations;
    c. Efektivitas Produk dan Proses;                               c. Product and Process Effectiveness;
    d. Fokus dan Hubungan Tenaga Kerja;                             d. Workforce Focus and Relations;
    e. Kepemimpinan, Tata Kelola, dan Tanggung Jawab                e. Leadership, Governance, and Social Responsibility;
        Kemasyarakatan;
    f. Inovasi, Kreativitas, dan Adaptabilitas.                     f.   Innovation, Creativity, and Adaptability.

 2. Evaluasi secara Individu                                   2. Individual Evaluation
    Penilaian kinerja dilakukan oleh masing-masing anggota        Performance assessment is carried out by each member
    Direksi, dengan kriteria target kinerja yang dituangkan       of the Board of Directors, with performance target criteria
    dalam kertas kerja sesuai dengan tugas dan tanggung           outlined in a worksheet in accordance with the duties and
    jawab masing-masing anggota Direksi.                          responsibilities of each member of the Board of Directors.

 Hasil evaluasi kinerja Direksi disampaikan kepada Dewan       Performance evaluation results of the Board of Directors are
 Komisaris dan penilaian akhir dilakukan oleh Komisaris        submitted to the Board of Commissioners and final evaluation
 Utama.                                                        assessment is carried out by the President Commissioner.

 Hasil penilaian kinerja anggota Direksi menjadi bahan         The performance assessment results of the members of the
 pertimbangan dalam memberikan arahan untuk meningkatkan       Board of Directors become material for consideration in
 efektivitas kinerja Direksi dan merupakan salah satu dasar    providing direction to improve the effectiveness of the
 pertimbangan guna memberikan rekomendasi kepada               performance of the Board of Directors and is one of the bases
 Dewan Komisaris untuk mengangkat kembali anggota Direksi      for consideration in providing recommendations to the Board
 dan untuk menyusun struktur remunerasi Direksi. Selain itu,   of Commissioners to re-elect members of the Board of Directors
 penilaian kinerja Direksi disampaikan secara umum sebagai     and to prepare the remuneration structure of the Board of
 bentuk pertanggungjawaban pelaksanaan tugas dan tanggung      Directors. In addition, the performance assessment of the
 jawab pada saat RUPS Tahunan dan laporan tahunan              Board of Directors is generally submitted as a form of
 Perseroan.                                                    accountability for the implementation of duties and responsibilities
                                                               at the Annual GMS and the Company’s annual report.

132   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 133
                                                                                                                                                         1




                                                                                                                                        Financial Summary
                                                                                                                                        Ikhtisar Keuangan
PIHAK YANG MELAKSANAKAN                                        PARTY REPONSIBLE FOR THE
PENILAIAN                                                      ASSESSMENT
Kinerja Dewan Komisaris dan Direksi dievaluasi setiap tahun    The performance of the Board of Commissioners and the
oleh pemegang saham dalam RUPS berdasarkan kriteria            Board of Directors is evaluated annually by the shareholders
                                                                                                                                                      2
evaluasi kinerja yang telah ditetapkan.                        in the GMS based on pre-established performance evaluation




                                                                                                                                        Management Report
                                                                                                                                        Laporan Manajemen
                                                               criteria.


PENGUNGKAPAN HUBUNGAN AFILIASI ANTARA
DIREKSI, DEWAN KOMISARIS, DAN PEMEGANG
SAHAM UTAMA DAN/ATAU PENGENDALI •                                                                                                                     3

Disclosure of Affiliation Relationship between the Board of




                                                                                                                                        Company Profile
                                                                                                                                        Profil Perusahaan
Directors, the Board of Commissioners, and the Major and/or
Controlling Shareholder

INFORMASI TENTANG PEMEGANG                                     INFORMATION REGARDING MAJOR
SAHAM UTAMA, PEMEGANG                                          SHAREHOLDER, CONTROLLING                                                              4

SAHAM PENGENDALI, HINGGA                                       SHAREHOLDER, AND ULTIMATE




                                                                                                                              Discussion and Analysis
                                                                                                                              Management
                                                                                                                              Pembahasan Manajemen
                                                                                                                              Analisis dan
NAMA PEMILIK AKHIR                                             BENEFICIAL OWNER

Pemegang Saham Utama Perseroan adalah PT ALSOK BASS            The Company's Major Shareholder is PT ALSOK BASS
Indonesia Security Services dengan kepemilikan sebesar         Indonesia Security Services with ownership of 79.33% of the
79,33% atas saham Perseroan. Dengan demikian, PT ALSOK         Company's shares. Thus, PT ALSOK BASS Indonesia Security
BASS Indonesia Security Services merupakan Pemegang            Services is the Company's Major Shareholder as well as the
Saham Utama sekaligus Pengendali Perseroan.                    Controlling Shareholder.                                                              5




                                                                                                                                        Corporate Governance
                                                                                                                                        Tata Kelola Perusahaan
Informasi Hubungan Afiliasi Dewan                              Information on Affiliation Relationship
Komisaris dan Direksi                                          of the Board of Commissioners and the
                                                               Board of Directors
                                                      Hubungan Afiliasi dengan Organ Perseroan
                                                   Affiliation Relationship with the Company’s Organs
                Nama
                Name                                                                      Pemegang Saham Utama/                                      6
                                   Dewan Komisaris                    Direksi
                                                                                                 Pengendali                             Sustainability Report
                                 Board of Commissioners          Board of Directors                                                     Laporan Keberlanjutan
                                                                                         Major/Controlling Shareholder
 Dewan Komisaris
 Board of Commissioners
 Motohisa Suzuki                              x                          x                              x
 Maya Osaki                                   x                          x                              x
 Herman Julianto                              x                          x                              x
 Azusa Mihara                                 x                          x                              x                                              7
 Supratman Gunawan                            x                          x                              x
                                                                                                                                        Financial Report
                                                                                                                                        Laporan Keuangan




 Direksi
 Board of Directors
 Hiroshi Iwai                                 x                          x                              x
 Akira Kawamura                               x                          x                              x
 Ryoji Hamasaki                               x                          x                              x
 Djono Karjadi                                x                          x                              x
 √ = terdapat adanya hubungan | x = tidak terdapat adanya hubungan
 √ = indicates a relationship | x = indicates no relationship


                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk               133
Page 134
 Kepengurusan pada Perseroan Lain oleh                               Management in Other Companies by the
 Dewan Komisaris dan Direksi                                         Board of Commissioners and the Board
                                                                     of Directors

                                                         Kepengurusan pada Perseroan/Institusi Lain
                                                         Management in Other Companies/ Institutions
                 Nama
                 Name                 Sebagai Dewan Komisaris
                                                                          Sebagai Direksi            Jabatan Lainnya
                                          As the Board of
                                                                     As the Board of Directors        Other Positions
                                          Commissioners
  Dewan Komisaris
  Board of Commissioners
  Motohisa Suzuki                               √                                x                          √
  Maya Osaki                                    √                                x                          √
  Herman Julianto                               √                                √                          x
  Azusa Mihara                                   x                               √                          x
  Supratman Gunawan                              x                               x                          x
  Direksi
  Board of Directors
  Hiroshi Iwai                                   x                               √                          x
  Akira Kawamura                                 x                               √                          x
  Ryoji Hamasaki                                 x                               x                          x
  Djono Karjadi                                  x                               x                          √
  √ = terdapat adanya hubungan | x = tidak terdapat adanya hubungan
  √ = indicates a relationship | x = indicates no relationship


 Kepemilikan Saham Dewan Komisaris dan                               Share Ownership of the Board of
 Direksi                                                             Commissioners and Board of Directors

                                                                            Kepemilikan Saham
                     Nama                                                    Share Ownership
                     Name                                                                         Perseroan Lain
                                                     PT Shield On Service Tbk.
                                                                                                 Other Companies
  Dewan Komisaris
  Board of Commissioners
  Motohisa Suzuki                                                x                                      x
  Maya Osaki                                                     x                                      x
  Herman Julianto                                                x                                     √
  Azusa Mihara                                                   x                                      x
  Supratman Gunawan                                              x                                      x
  Direksi
  Board of Directors
  Hiroshi Iwai                                                   x                                      x
  Akira Kawamura                                                 x                                      x
  Ryoji Hamasaki                                                 x                                      x
  Djono Karjadi                                                  x                                      x
  √ = ya | x = tidak | √ = yes | x = no




134   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 135
KEBERAGAMAN KOMPOSISI
DEWAN KOMISARIS DAN DIREKSI •                                                                                                                                                                            1




                                                                                                                                                                                        Financial Summary
                                                                                                                                                                                        Ikhtisar Keuangan
Diversity in the Composition of the Board of
Commissioners and Board of Directors
Penentuan komposisi anggota Dewan Komisaris dan Direksi                                    Determination of the composition of the members of the
memperhatikan keberagaman keahlian, pengetahuan, dan                                       Board of Commissioners and the Board of Directors takes
                                                                                                                                                                                                      2
pengalaman yang dibutuhkan untuk melaksanakan jabatannya                                   into account the diversity of expertise, knowledge, and




                                                                                                                                                                                        Management Report
                                                                                                                                                                                        Laporan Manajemen
sesuai dengan tugas masing-masing anggota Dewan Komisaris                                  experience needed to carry out their positions in accordance
maupun Direksi, serta dapat melakukan komunikasi yang                                      with the respective duties of the members of the Board of
efektif antar anggota Direksi, antar anggota Dewan Komisaris                               Commissioners and the Board of Directors, and are able to
serta dalam melakukan komunikasi antara Direksi dan Dewan                                  conduct effective communication between members of the
Komisaris Perseroan.                                                                       Board of Directors, between members of the Board of
                                                                                           Commissioners and in conducting communication between
                                                                                           the Board of Directors and the Board of Commissioners of                                                   3




                                                                                                                                                                                        Company Profile
                                                                                                                                                                                        Profil Perusahaan
                                                                                           the Company.

Komposisi jumlah anggota Direksi Perseroan pada saat ini                                   Current composition of the number of members of the
dianggap cukup untuk dapat memaksimalkan tindakan                                          Company's Board of Directors is considered sufficient to
pengurusan Perseroan, dengan penjabaran sebagai berikut:                                   maximize the Company's management actions, with the
                                                                                           following explanation:
                             Usia per
                                                                                                                                                                                                     4
                                 31      Sampai




                                                                                                                                                                              Discussion and Analysis
                                                                                                                                                                              Management
                                                                                                                                                                              Pembahasan Manajemen
                                                                                                                                                                              Analisis dan
                                                                                                                                                                Sumber Daya
                   Jenis    Desember    dengan S1      S2         S3
   Nama                                                                    Akuntansi    Ekonomi    Manajemen     Bisnis      Teknik      Hukum   Antropologi      Manusia
                  Kelamin     2024        Until      Master’s   Doctoral
   Name                                                                    Accounting   Economic   Management   Business   Engineering    Law    Anthropology     Human
                  Gender    Age as of   Bachelor’s   Degree     Degree
                                                                                                                                                                 Resources
                            December     Degree
                             31, 2024

 Dewan Komisaris
 Board of Commissioners
 Motohisa       Laki-laki      65
                                            √                                                          √           √                      √                         √
 Suzuki         Male

 Maya Osaki     Perempuan      50
                                                        √                                                                      √
                Female
                                                                                                                                                                                                     5
 Herman         Laki-laki      72
                                            √                                                                      √




                                                                                                                                                                                        Corporate Governance
                                                                                                                                                                                        Tata Kelola Perusahaan
 Julianto       Male

 Azusa          Perempuan      59
                                                        √                      √                       √
 Mihara         Female

 Supratman      Laki-laki      65
                                            √                                  √                                   √
 Gunawan        Male

 Direksi
 Board of Directors
 Hiroshi Iwai   Laki-laki      51
                                            √                                              √
                Male

 Akira          Laki-laki      52
                                                                                                                                                                                                     6
                                            √                                              √
 Kawamura       Male                                                                                                                                                                    Sustainability Report
                                                                                                                                                                                        Laporan Keberlanjutan
 Ryoji          Laki-laki      46
                                            √                                                                      √
 Hamasaki       Male

 Djono          Laki-laki      59
                                            √                                                                                                         √
 Karjadi        Male




                                                                                                                                                                                                       7
                                                                                                                                                                                        Financial Report
                                                                                                                                                                                        Laporan Keuangan




                                                                                          COMBINED REPORT • PT SHIELD ON SERVICES Tbk                                    135
Page 136
 PENGUNGKAPAN RANGKAP
 JABATAN DEWAN KOMISARIS DAN DIREKSI •
 Disclosure of Concurrent Positions of the
 Board of Commissioners and Board of Directors

                                                               Rangkap Jabatan di
           Nama                                               Concurrent Position in
           Name                                                                  Perusahaan Lain
                            PT Shield On Service Tbk.
                                                                                 Other Companies
  Dewan Komisaris
  Board of Commissioners
  Motohisa Suzuki          Tidak ada                      •    Komisaris Utama PT Human Resources Solution (2023
                           None                                - sekarang)
                                                          •    Komisaris Utama PT The Service Line (2024 - sekarang)
                                                          •    Komisaris Utama PT Human Resources Provider (2024
                                                               - sekarang)
                                                          •    Komisaris Utama PT SOS Indonesia (2024 - sekarang)
                                                          •    Komisaris Utama PT Master Parking Indonesia (2024
                                                               - sekarang)
                                                          •    Komisaris Utama PT Safe Secured Solution (2024 - sekarang)
                                                          •    Komisaris Utama PT Professional Human Resources (2024
                                                               - sekarang)
                                                          •    President Commissioner of PT Human Resources Solution
                                                               (2023 - present)
                                                          •    President Commissioner of PT The Service Line (2024
                                                               - present)
                                                          •    President Commissioner of PT Human Resources Provider
                                                               (2024 – present)
                                                          •     President Commissioner of PT SOS Indonesia (2024 - present)
                                                          •    President Commissioner of PT Master Parking Indonesia (2024
                                                               - present)
                                                          •    President Commissioner of PT Safe Secured Solution (2024
                                                               - present)
                                                          •    President Commissioner of PT Professional Human Resources
                                                               (2024 - present)
  Maya Osaki               Anggota Komite Nominasi dan    •    Komisaris PT Human Resources Solution (2023 - sekarang)
                           Remunerasi                     •    Komisaris PT The Service Line (2024 - sekarang)
                           Member of Nomination and       •    Komisaris PT Human Resources Provider (2024 - sekarang)
                           Remuneration Committee         •    Komisaris PT SOS Indonesia (2024 - sekarang)
                                                          •    Komisaris PT Master Parking Indonesia (2024 - sekarang)
                                                          •    Komisaris PT Safe Secured Solution (2024 - sekarang)
                                                          •    Komisaris PT Professional Human Resources (2024 -
                                                               sekarang)
                                                          •    Commissioner of PT Human Resources Solution (2023
                                                               - present)
                                                          •    Commissioner of PT The Service Line (2024 - present)
                                                          •    Commissioner of PT Human Resources Provider (2024
                                                               – present)
                                                          •     Commissioner of PT SOS Indonesia (2024 - present)
                                                          •    Commissioner of PT Master Parking Indonesia (2024 - present)
                                                          •    Commissioner of PT Safe Secured Solution (2024 - present)
                                                          •    Commissioner of PT Professional Human Resources (2024
                                                               - present)
  Herman Julianto          Tidak ada                      Ada
                           None                           Available
  Azusa Mihara             Ketua Komite Audit dan Ketua   Ada
                           Komite Nominasi dan            Available
                           Remunerasi
                           Head of Audit Committee and
                           Head of Nomination and
                           Remuneration Committee
  Supratman Gunawan        Tidak ada                      Tidak ada
                           None                           None




136   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 137
                                                                                                                                                   1




                                                                                                                                  Financial Summary
                                                                                                                                  Ikhtisar Keuangan
                                                       Rangkap Jabatan di
          Nama                                        Concurrent Position in                                                                    2
          Name




                                                                                                                                  Management Report
                                                                                                                                  Laporan Manajemen
                                                                          Perusahaan Lain
                      PT Shield On Service Tbk.
                                                                          Other Companies
Direksi
Board of Directors
Hiroshi Iwai         Tidak ada                    •    Direktur Utama PT ALSOK BASS Indonesia Security Services
                     None                              (2016 - sekarang)
                                                  •    Direktur Utama PT Human Resources Solution (2023                                         3
                                                       - sekarang)




                                                                                                                                  Company Profile
                                                                                                                                  Profil Perusahaan
                                                  •    Direktur Utama PT The Service Line (2024 - sekarang)
                                                  •    Direktur Utama PT Human Resources Provider (2024
                                                       - sekarang)
                                                  •    Direktur Utama PT SOS Indonesia (2024 - sekarang)
                                                  •    Direktur Utama PT Master Parking Indonesia (2024 -
                                                       sekarang)
                                                  •    Direktur Utama PT Safe Secured Solution (2024 - sekarang)
                                                  •    Direktur Utama PT Professional Human Resources (2024                                    4
                                                       - sekarang)




                                                                                                                        Discussion and Analysis
                                                                                                                        Management
                                                                                                                        Pembahasan Manajemen
                                                                                                                        Analisis dan
                                                  •    President Director PT ALSOK BASS Indonesia Security
                                                       Services (2016 - present)
                                                  •    President Director PT Human Resources Solution (2023
                                                       - present)
                                                  •    President Director PT The Service Line (2024 - present)
                                                  •    President Director PT Human Resources Provider (2024
                                                       - present)
                                                  •    President Director PT SOS Indonesia (2024 - present)
                                                  •    President Director PT Master Parking Indonesia (2024
                                                       - present)                                                                              5
                                                  •    President Director PT Safe Secured Solution (2024 - present)




                                                                                                                                  Corporate Governance
                                                                                                                                  Tata Kelola Perusahaan
                                                  •    President Director PT Professional Human Resources (2024
                                                       - present)
Akira Kawamura       Tidak ada                    •    Direktur PT Human Resources Solution (2023 - sekarang)
                     None                         •    Direktur PT The Service Line (2024 - sekarang)
                                                  •    Direktur PT Human Resources Provider (2024 - sekarang)
                                                  •    Direktur PT SOS Indonesia (2024 - sekarang)
                                                  •    Direktur PT Master Parking Indonesia (2024 - sekarang)
                                                  •    Direktur PT Safe Secured Solution (2024 - sekarang)
                                                  •    Direktur PT Professional Human Resources (2024 - sekarang)                              6
                                                  •    Director PT Human Resources Solution (2023 - present)                      Sustainability Report
                                                                                                                                  Laporan Keberlanjutan
                                                  •    Director PT The Service Line (2024 - present)
                                                  •    Director PT Human Resources Provider (2024 - present)
                                                  •    Director PT SOS Indonesia (2024 - present)
                                                  •    Director PT Master Parking Indonesia (2024 - present)
                                                  •    Director PT Safe Secured Solution (2024 - present)
                                                  •    Director PT Professional Human Resources (2024 - present)
Ryoji Hamasaki       Tidak ada                    Tidak ada
                     None                         None
Djono Karjadi        Tidak ada                    Tidak ada                                                                                      7
                     None                         None
                                                                                                                                  Financial Report
                                                                                                                                  Laporan Keuangan




                                                      COMBINED REPORT • PT SHIELD ON SERVICES Tbk                     137
Page 138
 KOMITE AUDIT • Audit Committee

 Komite Audit merupakan alat kelengkapan Dewan Komisaris         The Audit Committee is an integral part of the Board of
 yang berfungsi untuk melakukan pengawasan atas efektivitas      Commissioners that functions to oversee the effectiveness
 sistem pengendalian intern, internal audit, proses, pelaporan   of the internal control system, internal audit, processes,
 keuangan, sehingga Perseroan dapat dikelola berdasarkan         financial reporting, so that the Company can be managed
 GCG secara tepat. Dewan Komisaris membentuk Komite              based on GCG appropriately. The Board of Commissioners
 Audit sebagai organ penunjang untuk membantu Dewan              forms the Audit Committee as a supporting body to assist
 Komisaris dalam menjalankan tugas dan tanggung jawab            the Board of Commissioners in carrying out their supervisory
 pengawasan. Perseroan telah mempunyai Komite Audit              duties and responsibilities. The Company has an Audit
 sesuai dengan Peraturan Otoritas Jasa Keuangan No. 55/          Committee in accordance with the Financial Services Authority
 POJK.04/2015 tanggal 23 Desember 2015 tentang                   Regulation No. 55/POJK.04/2015 dated December 23, 2015
 Pembentukan dan Pedoman Pelaksanaan Kerja Komite                concerning the Formation and Work Guidelines for the Audit
 Audit.                                                          Committee.

 PIAGAM KOMITE AUDIT                                             AUDIT COMMITTEE CHARTER
 Pedoman Pelaksanaan Kerja Komite Audit didasarkan pada          The Audit Committee Work Guidelines are based on the
 Surat Keputusan Dewan Komisaris PT Shield On Service            Decree of the Board of Commissioners of PT Shield On
 Tbk. No.117/I/2020/CorpSec tentang Pengangkatan Komite          Service Tbk. No.117/I/2020/CorpSec concerning Appointment
 Audit tertanggal 2 Januari 2020 dan berisi tentang acuan        of the Audit Committee dated January 2, 2020 and contains
 tata laksana tugas dan tanggung jawab Komite Audit.             the reference for procedures of duties and responsibilities
                                                                 of the Audit Committee.

 KOMPOSISI KOMITE AUDIT                                          AUDIT COMMITTEE COMPOSITION
                                                                 In 2024, the Audit Committee consisted of one (1) Chairman
 Pada tahun 2024, Komite Audit terdiri dari satu (1) Ketua dan   and two (2) Members.
 dua (2) orang Anggota.


         Nama                 Jabatan               Dasar Pengangkatan                  Posisi                Periode
         Name                 Position              Basis of Appointment               Position                Period
  Azusa Mihara          Ketua Komite Audit     Surat Keputusan Dewan             Komisaris Independen    2023-2028
                        Head of Audit          Komisaris Nomor: SK.002/          Independent
                        Committee              CorpSec/X/2023 Board of           Commissioner
                                               Commissioners Decree Number:
                                               SK.002/CorpSec/X/2023
  Fransiska Wan Wan     Anggota Komite Audit   Surat Keputusan Dewan             Pihak Independen        2023-2028
                        Member of Audit        Komisaris PT Shield On Service    Independent Party
                        Committee              Tbk. No.017/ VI/2021
                                               Board of Commissioners Decree
                                               of PT Shield On Service Tbk.
                                               No.017/ VI/2021
  Achmad Andru          Anggota Komite Audit   Surat Keputusan Dewan             Pihak Independen        2024-2028
  Desember              Member of Audit        Komisaris PT Shield On Service    Independent Party
                        Committee              Tbk. No.001/XII/2024/CorpSec
                                               Board of Commissioners Decree
                                               of PT Shield On Service Tbk.
                                               No.001/XII/2024/CorpSec



 KETUA KOMITE AUDIT                                              HEAD OF AUDIT COMMITTEE

           Azusa Mihara
           Profil Azusa Mihara dapat dilihat pada Bab Profil Perusahaan di dalam Laporan Tahunan dan Laporan
           Keberlanjutan ini.
           Azusa Mihara’s profile can be found in the Company Profile section of this Annual Report and Sustainability
           Report.



138   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 139
                                                                                                                                                            1




                                                                                                                                           Financial Summary
                                                                                                                                           Ikhtisar Keuangan
ANGGOTA KOMITE AUDIT                                            MEMBER OF AUDIT COMMITTEE
            Fransiska Wan Wan
            Anggota Komite Audit
            Member of Audit Committee                                                                                                                    2




                                                                                                                                           Management Report
                                                                                                                                           Laporan Manajemen
Usia                      46 tahun/ years old
Age
Kewarganegaraan           Indonesia
Nationality               Indonesian
Domisili                  Jakarta
Domicile
                                                                                                                                                         3
Pendidikan                Sarjana Akuntansi Komputer, Universitas Bina Nusantara (2000)




                                                                                                                                           Company Profile
                                                                                                                                           Profil Perusahaan
Education Background      Bachelor of Computer Accounting, Bina Nusantara University (2000)
Dasar Pengangkatan        Surat Keputusan Dewan Komisaris PT Shield On Service Tbk. No.017/VI/2021
Basis of Appointment      Board of Commissioners Decree No. 017/VI/2021 of PT Shield On Service Tbk.
Pengalaman Kerja          •   2021-Sekarang: Manajer Keuangan & Akuntansi PT Professional Human Resources, Jakarta,
Professional Background       Indonesia, Anak Perusahaan dari PT SOS Indonesia Tbk. Bertanggung jawab dan melapor kepada
                              Direktur Keuangan & Akuntansi.
                          •   2015-2021: Manajer Asisten Keuangan & Akuntansi PT Indomog, Jakarta, Indonesia. Bertanggung                               4
                              jawab dan melaporkan kepada Manajer Keuangan & Akuntansi.




                                                                                                                                 Discussion and Analysis
                                                                                                                                 Management
                                                                                                                                 Pembahasan Manajemen
                                                                                                                                 Analisis dan
                          •   2012-2015: Supervisor Akuntansi PT Dhama Colour Abadi, Jakarta, Indonesia. Bertanggung jawab
                              dan melaporkan kepada Pemilik Usaha.
                          •   2008-2012: Supervisor Akuntansi PT SOS Indonesia, Jakarta, Indonesia. Bertanggung jawab dan
                              melaporkan kepada Manajer Akuntansi.
                          •   2007-2008: Akuntansi & Keuangan PT Kyoni Energy International, Jakarta, Indonesia. Bertanggung
                              jawab dan melaporkan kepada Direktur Keuangan.
                          •   2021-Present: Finance & Accounting Manager PT Professional Human Resources, Jakarta, Indonesia,
                              Subsidiary of PT SOS Indonesia Tbk. Responsible and reporting to Finance & Accounting Director.
                          •   2015-2021: Finance & Accounting Assistant Manager PT Indomog, Jakarta, Indonesia. Responsible
                              and reporting to Finance & Accounting Manager.                                                                            5
                          •   2012-2015: Accounting Supervisor PT Dhama Colour Abadi, Jakarta, Indonesia. Responsible and




                                                                                                                                           Corporate Governance
                                                                                                                                           Tata Kelola Perusahaan
                              reporting to Business owner.
                          •   2008-2012: Accounting Supervisor PT SOS Indonesia, Jakarta, Indonesia.
                          •   Responsible and reporting to Accounting Manager.
                          •   2007-2008: Accounting & Finance PT Kyoni Energy International, Jakarta, Indonesia. Responsible
                              and reporting to Financial Director.
Rangkap Jabatan           Manajer Keuangan & Akuntansi PT Professional Human Resources, Jakarta, Indonesia, Anak
Concurrent Position       Perusahaan dari PT Shield On Service Tbk.
                          Finance & Accounting Manager of PT Professional Human Resources, Jakarta, Indonesia, Subsidiary of
                          PT Shield On Service Tbk.                                                                                                     6
Keahlian                  Akuntansi                                                                                                        Sustainability Report
                                                                                                                                           Laporan Keberlanjutan
Expertise                 Accounting


ANGGOTA KOMITE AUDIT                                            MEMBER OF AUDIT COMMITTEE


   Achmad Andru Desember
   Anggota Komite Audit                                                                                                                                   7
   Member of Audit Committee
                                                                                                                                           Financial Report
                                                                                                                                           Laporan Keuangan




Usia                      35 tahun/ years old
Age
Kewarganegaraan           Indonesia
Nationality               Indonesian
Domisili                  Jakarta
Domicile
Pendidikan                S2 Jurusan Accounting, Perbanas Institute
Education Background      Master of Accounting, Perbanas Institute



                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                     139
Page 140
  Dasar Pengangkatan           Surat Keputusan Dewan Komisaris PT Shield On Service Tbk. No.001/XII/2024/CorpSec
  Basis of Appointment         Board of Commissioners Decree of PT Shield On Service Tbk. No.001/XII/2024/CorpSec
  Pengalaman Kerja             •   2021-Sekarang/Present: Manager Audit Internal. Kantor Pusat/Head Office PT Shield On Service
  Professional Background          Tbk.
                               •   2017-2021: Supervisor Audit Internal. Kantor Pusat/Head Office PT Shield On Service Tbk.
                               •   2015-2017: Supervisor Audit Internal. MNC Sky Vision Tbk
                               •   2013-2015: Audit Internal. MDPU Finance
                               •   2012-2013: Junior Audit. KBAA Accountant Public
                               •   2012 : Junior Audit. Drs. Ririen Accountant Public
  Rangkap Jabatan              2021-Sekarang/Present: Manager Audit Internal. Kantor Pusat/Head Office PT Shield On Service Tbk.
  Concurrent Position
  Keahlian                     Akuntansi
  Expertise                    Accounting



 INDEPENDENSI KOMITE AUDIT                                             INDEPENDENCE OF THE AUDIT
                                                                       COMMITTEE
                          Aspek Independensi                                                  Fransiska Wan        Vicky Bernhard
                                                                           Azusa Mihara
                         Independence Aspect                                                       Wan                Londong
  Memiliki hubungan keuangan dengan Dewan Komisaris dan Direksi.
  Has financial relationships with the Board of Commissioners and the             x                   x                    x
  Board of Directors.
  Memiliki hubungan kepengurusan di Perseroan, anak Perseroan,
  maupun Perseroan afiliasi.
                                                                                  x                   x                    x
  Holds managerial positions in the Company, subsidiaries, or affiliated
  companies.
  Memiliki hubungan kepemilikan saham Perseroan.
                                                                                  x                   x                    x
  Has ownership relationships with the Company’s shares.
  Memiliki hubungan keluarga dengan Dewan Komisaris, Direksi, dan/
  atau sesama anggota Komite Audit.
                                                                                  x                   x                    x
  Has family relationships with the Board of Commissioners, Board of
  Directors, and/or fellow Audit Committee members.
  Menjabat sebagai pengurus partai politik, pejabat pemerintah
  daerah.
                                                                                  x                   x                    x
  Serves as an officeholder in a political party or local government
  official.



 TUGAS DAN WEWENANG                                                    DUTIES AND AUTHORITIES OF
 KOMITE AUDIT                                                          THE AUDIT COMMITTEE

 Tugas dan tanggung jawab Komite Audit sebagaimana                     Duties and responsibilities of the Audit Committee as stated
 termaktub dalam POJK No.55/POJK.04/2015 yang mengatur                 in POJK No.55/POJK.04/2015 which regulates the following
 hal-hal sebagai berikut:                                              matters:
     1. Melakukan penelaahan atas informasi keuangan                       1. Conducting reviews of financial information to be
         yang akan dikeluarkan Perseroan atau Perusahaan                      issued by the Company or Public Company to the
         Publik kepada publik dan/atau pihak otoritas, antara                 public and/or authorities, including, among others,
         lain, laporan keuangan, proyeksi, dan laporan lainnya                financial reports, projections, and other reports related
         terkait dengan informasi keuangan Perseroan atau                     to the financial information of the Company or Public
         Perusahaan Publik;                                                   Company;
     2. Melakukan penelaahan atas ketaatan terhadap                        2. Conducting reviews of compliance with laws and
         peraturan perundang-undangan yang berhubungan                        regulations relating to the activities of the Company
         dengan kegiatan Perseroan atau Perusahaan Publik;                    or Public Company;
     3. Memberikan pendapat independen dalam hal terjadi                   3. Providing independent opinions in the event of
         perbedaan pendapat antara manajemen dan akuntan                      differences of opinion between management and
         atas jasa yang diberikannya;                                         accountants on the services provided;

140   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 141
                                                                                                                                                                 1




                                                                                                                                                Financial Summary
                                                                                                                                                Ikhtisar Keuangan
   4. Memberikan rekomendasi kepada Dewan Komisaris                     4. Providing recommendations to the Board of
      mengenai penunjukan akuntan yang didasarkan                          Commissioners regarding the appointment of
      pada independensi, ruang lingkup, penugasan, dan                     accountants based on independence, scope,
      fee;                                                                 engagement, and fees;
                                                                                                                                                              2
   5. Melakukan penelaahan atas pelaksanaan pemeriksaan                 5. Reviewing the implementation of audits by internal




                                                                                                                                                Management Report
                                                                                                                                                Laporan Manajemen
      oleh auditor internal dan mengawasi pelaksanaan                      auditors and overseeing the implementation of follow-
      tindak lanjut oleh Direksi atas temuan auditor internal;             up by the Board of Directors on the findings of internal
                                                                           auditors;
   6. Melakukan penelaahan terhadap aktivitas pelaksanaan               6. Reviewing the risk management implementation
      manajemen risiko yang dilakukan oleh Direksi, jika                   activities carried out by the Board of Directors, if the
      Perseroan atau Perusahaan Publik tidak memiliki                      Company or Public Company does not have a risk
      fungsi pemantau risiko di bawah Dewan Komisaris;                     monitoring function under the Board of Commissioners;                              3




                                                                                                                                                Company Profile
                                                                                                                                                Profil Perusahaan
   7. Menelaah pengaduan yang berkaitan dengan proses                   7. Reviewing complaints relating to the accounting and
      akuntasi dan pelaporan keuangan Perseroan atau                       financial reporting processes of the Company or Public
      Perusahaan Publik;                                                   Company;
   8. Menelaah dan memberikan saran kepada Dewan                        8. Reviewing and providing advice to the Board of
      Komisaris terkait dengan adanya potensi benturan                     Commissioners regarding potential conflicts of interest
      kepentingan Perseroan atau Perusahaan Publik; dan                    of the Company or Public Company; and                                             4
   9. Menjaga kerahasiaan dokumen, data, dan informasi                  9. Maintaining the confidentiality of documents, data,




                                                                                                                                      Discussion and Analysis
                                                                                                                                      Management
                                                                                                                                      Pembahasan Manajemen
                                                                                                                                      Analisis dan
      Perseroan atau Perusahaan Publik.                                    and information of the Company or Public Company.

RAPAT KOMITE AUDIT                                                   AUDIT COMMITTEE MEETINGS
Komite Audit melakukan rapat secara berkala yang dilakukan           The Audit Committee conducts regular meetings which are
sekurang-kurangnya 1 (satu) kali dalam 3 (tiga) bulan. Rapat         held at least once every three (3) months. Audit Committee
Komite Audit hanya dapat dilaksanakan apabila dihadiri oleh          meetings can only be held if attended by more than one-half
lebih dari ½ (satu per dua) jumlah anggota. Sepanjang tahun          (1/2) of the total number of members. Throughout 2024, the                              5




                                                                                                                                                Corporate Governance
                                                                                                                                                Tata Kelola Perusahaan
2024, Komite Audit melakukan rapat sebanyak 4 kali, dengan           Audit Committee held 4 meetings, with the following attendance
tingkat kehadiran sebagai berikut:                                   rates:


                                                                                                                Persentase
                                                                                  Jumlah Kehadiran
         Nama                    Jabatan               Jumlah Rapat                                             Kehadiran
                                                                                     Number of
         Name                    Position            Number of Meeting                                          Attendance
                                                                                     Attendance
                                                                                                                Percentage
                                                                                                                                                             6
 Azusa Mihara             Ketua Komite Audit                     4                          4                      100%                         Sustainability Report
                                                                                                                                                Laporan Keberlanjutan

 Fransiska Wan Wan        Anggota Komite Audit                   4                          4                      100%

 Vicky Bernhard           Anggota Komite Audit                   4                          4                      100%
 Londong
 Achmad Andru             Anggota Komite Audit                   0                          0                       0%
 Desember

                                                                                                                                                               7
                                                                                                                                                Financial Report
                                                                                                                                                Laporan Keuangan




                                                                     COMBINED REPORT • PT SHIELD ON SERVICES Tbk                141
Page 142
 AGENDA RAPAT KOMITE AUDIT                                        AGENDA OF AUDIT COMMITTEE
                                                                  MEETING
                          Tanggal
      No.                                                                          Agenda
                           Date
  1           4 Januari 2024                   Tinjauan Audit Internal
              January 4, 2024                  Internal Audit Review
  2           30 April 2024                    Rekomendasi audit eksternal untuk periode berikutnya
              April 30, 2024                   External audit recommendations for subsequent periods
  3           23 Juli 2024                     Review Laporan Keuangan Q2
              July 23, 2024                    Second Quarter Financial Statement Review
  4           22 Oktober 2024                  Review Laporan Keuangan Q3
              October 22, 2024                 Third Quarter Financial Statement Review



 PELAKSANAAN TUGAS KOMITE                                         IMPLEMENTATION OF THE AUDIT
 AUDIT TAHUN 2024                                                 COMMITTEE’S DUTIES IN 2024
 Komite Audit Perseroan telah melakukan beberapa tugas,           The Company's Audit Committee has carried out several
 antara lain:                                                     duties, including:
    1. Mengevaluasi kinerja, kompetensi, independensi,                1. Evaluating the performance, competence,
         dan objektivitas auditor eksternal, dan membuat                  independence, and objectivity of the external auditor,
         rekomendasi kepada Dewan Komisaris mengenai                      and making recommendations to the Board of
         apakah auditor yang bersangkutan harus diajukan                  Commissioners regarding whether the auditor should
         ke RUPS untuk mengaudit Laporan Keuangan                         be proposed to the General Meeting of Shareholders
         Perseroan untuk tahun buku 2024.                                 to audit the Company's Financial Statements for the
                                                                          2024 financial year.
      2. Meninjau laporan audit internal yang dilakukan selama        2. Reviewing the internal audit reports conducted
         tahun 2024 dan memberitahukan kepada Dewan                       throughout 2024 and informing the Board of
         Komisaris tentang isu-isu penting yang perlu mendapat            Commissioners of significant issues requiring the
         perhatian Dewan Komisaris.                                       Board of Commissioners' attention.
      3. Menelaah hasil keuangan setiap triwulan sebelum              3. Examining the quarterly financial results prior to
         dipublikasikan.                                                  publication.
      4. Mengkaji dan memberikan pendapat atas hasil audit            4. Reviewing and providing opinions on the audit results
         laporan Keuangan Perseroan untuk tahun buku 2024                 of the Company's Financial Statements for the 2024
         oleh auditor eksternal.                                          financial year by the external auditor.



 KOMITE NOMINASI DAN REMUNERASI •
 Nomination and Remuneration Committee

 Berdasarkan POJK No. 34/2014, maka Perseroan telah               Pursuant to POJK No. 34/2014, the Company has formed a
 membentuk Komite Nominasi dan Remunerasi berdasarkan             Nomination and Remuneration Committee based on the
 Surat Keputusan Dewan Komisaris No.016/ VII/2018/CorpSec         Decree of the Board of Commissioners No.016/VII/2018/
 tanggal 4 Juli 2018, yang telah diperbarui dalam Surat           CorpSec dated July 4, 2018, which has been updated in the
 Keputusan Dewan Komisaris No.87/VI/2019/CorpSec tentang          Decree of the Board of Commissioners No.87/VI/2019/CorpSec
 Penunjukan Komite Nominasi dan Remunerasi PT Shield              concerning the Appointment of the Nomination and
 On Service Tbk.                                                  Remuneration Committee of PT Shield On Service Tbk.




142    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 143
                                                                                                                                                       1




                                                                                                                                      Financial Summary
                                                                                                                                      Ikhtisar Keuangan
PIAGAM KOMITE NOMINASI DAN                                     NOMINATION AND REMUNERATION
REMUNERASI                                                     COMMITTEE CHARTER
Hingga akhir tahun 2024, Perseroan belum menyusun              Until the end of 2024, the Company has not yet developed
pedoman kerja Komite Nominasi dan Remunerasi, akan             work guidelines for the Nomination and Remuneration
                                                                                                                                                    2
tetapi petunjuk pelaksanaan tugas dan tanggung jawab           Committee, however, instructions for the implementation of




                                                                                                                                      Management Report
                                                                                                                                      Laporan Manajemen
telah tertuang dalam Surat Keputusan Dewan Komisaris           duties and responsibilities have been stated in the Decree
No.87/VI/2019/CorpSec tentang Penunjukan Komite Nominasi       of the Board of Commissioners No.87/VI/2019/CorpSec
dan Remunerasi PT Shield On Service Tbk.                       concerning the Appointment of the Nomination and
                                                               Remuneration Committee of PT Shield On Service Tbk.

Susunan dan Komposisi Komite Nominasi                          Structure and Composition of the
dan Remunerasi                                                 Nomination and Remuneration                                                          3
                                                               Committee




                                                                                                                                      Company Profile
                                                                                                                                      Profil Perusahaan
       Nama                Jabatan                  Dasar Pengangkatan                Posisi              Periode
       Name                Position                 Basis of Appointment             Position              Period
 Azusa Mihara      Ketua Komite Nominasi        Surat Keputusan Dewan           Komisaris                2023-2028
                   dan Remunerasi               Komisaris No. SK.001/           Independen
                   Head of Nomination and       CorpSec/X/2023                  Independent
                   Remuneration Committee       Board of Commissioners Decree   Commissioner                                                       4




                                                                                                                            Discussion and Analysis
                                                                                                                            Management
                                                                                                                            Pembahasan Manajemen
                                                                                                                            Analisis dan
                                                No. SK.001/CorpSec/X/2023
 Maya Osaki        Anggota Komite Nominasi      Surat Keputusan Dewan           Komisaris                2023-2028
                   dan Remunerasi               Komisaris No. SK.001/           Commissioner
                   Member of Nomination         CorpSec/X/2023
                   and Remuneration             Board of Commissioners Decree
                   Committee                    No. SK.001/CorpSec/X/2023
 Sri Santy         Anggota Komite Nominasi      Surat Keputusan Dewan           Pihak Independen         2023-2028
                   dan Remunerasi               Komisaris No. 016/ VII/2018/    Independent Party
                   Member of Nomination         CorpSec tanggal 4 Juli 2018
                   and Remuneration             Board of Commissioners Decree                                                                      5




                                                                                                                                      Corporate Governance
                                                                                                                                      Tata Kelola Perusahaan
                   Committee                    No. SK.001/CorpSec/X/2023


KETUA KOMITE NOMINASI DAN                                      HEAD OF NOMINATION AND
REMUNERASI                                                     REMUNERATION COMMITTEE
     Azusa Mihara
    Profil Azusa Mihara dapat dilihat pada Bab Profil Perusahaan di dalam Laporan Tahunan dan Laporan                                              6
    Keberlanjutan ini.                                                                                                                Sustainability Report
                                                                                                                                      Laporan Keberlanjutan
    Azusa Mihara’s profile can be found in the Company Profile section of this Annual Report and Sustainability
    Report.



ANGGOTA KOMITE NOMINASI                                        MEMBER OF NOMINATION AND
DAN REMUNERASI                                                 REMUNERATION COMMITTEE
                                                                                                                                                     7
    Sri Santy
                                                                                                                                      Financial Report
                                                                                                                                      Laporan Keuangan




    Anggota Komite Nominasi dan Remunerasi
    Member of Nomination and Remuneration Committee

Usia                      54 tahun/ years old
Age
Kewarganegaraan           Indonesia
Nationality               Indonesian
Domisili                  Jakarta
Domicile



                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk            143
Page 144
  Pendidikan                    S2 STIE Bisnis Indonesia lulus tahun 2017
  Education Background          Master’s degree from STIE Business Indonesia, graduated in 2017
  Dasar Pengangkatan            Surat Keputusan Dewan Komisaris No.016/VII/2018/CorpSec tanggal 4 Juli 2018
  Basis of Appointment          Board of Commissioners’ Decree No. 016/VII/2018/CorpSec dated July 4, 2018
  Pengalaman Kerja              •   2011-Sekarang GM Support dan Operasional PT Professional Human Resources dan PT Human
  Professional Background           Resources Solution.
                                •   2008-2011: Manajer Akuntansi Korporat PT SOS Indonesia.
                                •   2006-2008: Manajer Akuntansi, Keuangan, HRD, dan GA PT Memiontec Indonesia.
                                •   2004-2006: Supervisor Keuangan dan Akuntansi Padamajaya Foundation.
                                •   2000-2004: Supervisor Akuntansi dan Keuangan PT Worldlink Essence Indonesia.
                                •   1996-2000: Staf Keuangan Siemens (Landis and Staefa Division).
                                •   2011-Present: GM of Support dan Operation PT Professional Human Resources and PT Human
                                    Resources Solution.
                                •   2008-2011: Accounting Manager Corporate PT SOS Indonesia.
                                •   2006-2008: Accounting, Finance, HRD and GA Manager PT Memiontec Indonesia.
                                •   2004-2006: Finance And Accounting Supervisor Padamajaya Foundation.
                                •   2000-2004: Accounting and Finance Supervisor PT Worldlink Essence Indonesia.
                                •   1996-2000: Finance staff Siemens (Landis and Staefa Division)
  Rangkap Jabatan               GM Support dan Operation of PT Professional Human Resources dan PT Human Resources Solution
  Concurrent Position           General Manager of Support and Operations at PT Professional Human Resources and PT Human
                                Resources Solution
  Keahlian                      Bidang Hukum
  Expertise                     Law




 INDEPENDENSI KOMITE                                                  INDEPENDENCE OF
 NOMINASI DAN REMUNERASI                                              THE NOMINATION AND
                                                                      REMUNERATION COMMITTEE

 Seluruh anggota Komite Nominasi dan Remunerasi telah                 All members of the Nomination and Remuneration Committee
 memenuhi seluruh kriteria independensi dan mampu                     have met all independence criteria and are able to carry out
 menjalankan tugas dan tanggung jawabnya secara                       their duties and responsibilities independently, upholding
 independen, menjunjung tinggi kepentingan Perseroan dan              the interests of the Company and cannot be influenced by
 tidak dapat dipengaruhi oleh pihak manapun.                          any party.


                       Aspek Independensi
                                                                     Azusa Mihara           Maya Osaki            Sri Santy
                      Independence Aspect
  Mempunyai hubungan Afiliasi dengan anggota Dewan
  Komisaris, anggota Direksi, atau Pemegang Saham Utama.
  Having an Affiliation with members of the Board of                        √                     √                   √
  Commissioners, members of the Board of Directors, or Major
  Shareholders.
  Mempunyai hubungan usaha baik langsung maupun tidak
  langsung yang berkaitan dengan kegiatan usaha SOS dan
  anak perusahaannya.                                                       √                     √                   √
  Having business relationships, whether direct or indirect,
  related to the business activities of SOS and its subsidiaries.
  Mempunyai saham SOS baik langsung maupun tidak
  langsung.                                                                 √                     √                   √
  Having shares in SOS, either directly or indirectly.



 TUGAS DAN TANGGUNG JAWAB                                             DUTIES AND RESPONSIBILITIES
 Komite Nominasi dan Remunerasi memiliki tugas dan tanggung           The Nomination and Remuneration Committee has the
 jawab sebagai berikut:                                               following duties and responsibilities:




144   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 145
                                                                                                                                                                   1




                                                                                                                                                  Financial Summary
                                                                                                                                                  Ikhtisar Keuangan
Bidang Nominasi                                                      Nomination Area
   •    Merencanakan susunan dan komposisi Direksi dan                  •   Planning the structure and composition of the Board
        Dewan Komisaris.                                                    of Directors and the Board of Commissioners.
   •    Menetapkan syarat dan kriteria terkait proses nominasi          •   Establishing terms and criteria related to the nomination
                                                                                                                                                                2
        Direksi dan Dewan Komisaris.                                        process of the Board of Directors and the Board of




                                                                                                                                                  Management Report
                                                                                                                                                  Laporan Manajemen
                                                                            Commissioners.
   •    Menetapkan kriteria penilaian kinerja Direksi dan               •   Establishing performance evaluation criteria for the
        Dewan Komisaris.                                                    Board of Directors and the Board of Commissioners.
   •    Merancang program peningkatan kompetensi Direksi                •   Designing competency development programs for
        dan Dewan Komisaris.                                                the Board of Directors and the Board of Commissioners.

Bidang Remunerasi                                                    Remuneration Area                                                                          3




                                                                                                                                                  Company Profile
                                                                                                                                                  Profil Perusahaan
   •    Merencanakan struktur remunerasi bagi Direksi dan               •   Planning the remuneration structure for the Board of
        Dewan Komisaris.                                                    Directors and the Board of Commissioners.
   •    Merencanakan prosedur dan kriteria remunerasi                   •   Planning the remuneration procedures and criteria
        Direksi dan Dewan Komisaris.                                        for the Board of Directors and the Board of
                                                                            Commissioners.
   •    Menilai dan menetapkan pemberian remunerasi                     •   Assessing and determining the provision of
        berdasarkan kriteria yang ditetapkan.                               remuneration based on established criteria.                                        4
   •    Melakukan evaluasi secara berkala terhadap                      •   Conducting periodic evaluations of remuneration




                                                                                                                                        Discussion and Analysis
                                                                                                                                        Management
                                                                                                                                        Pembahasan Manajemen
                                                                                                                                        Analisis dan
        penetapan remunerasi.                                               determination.

RAPAT KOMITE NOMINASI DAN                                            NOMINATION AND REMUNERATION
REMUNERASI                                                           COMMITTEE MEETINGS
Rapat anggota Komite Nominasi dan Remunerasi dilakukan               Meetings of the Nomination and Remuneration Committee
setiap 3 (tiga) bulan dan rapat tersebut dihadiri oleh seluruh       members are held every three (3) months and these meetings
anggota Komite Nominasi dan Remunerasi. Sepanjang tahun              are attended by all members of the Nomination and                                         5




                                                                                                                                                  Corporate Governance
                                                                                                                                                  Tata Kelola Perusahaan
2024, Komite Nominasi dan Remunerasi telah melangsungkan             Remuneration Committee. Throughout 2024, the Nomination
rapat sebanyak 3 kali dengan agenda dan frekuensi kehadiran          and Remuneration Committee has held 3 meetings with the
sebagai berikut:                                                     following agendas and attendance frequencies:


                                                                                                                 Persentase
                                                                                  Jumlah Kehadiran
        Nama                    Jabatan                Jumlah Rapat                                              Kehadiran
                                                                                     Number of
        Name                    Position             Number of Meeting                                           Attendance
                                                                                     Attendance                                                                6
                                                                                                                 Percentage
                                                                                                                                                  Sustainability Report
                                                                                                                                                  Laporan Keberlanjutan
 Azusa Mihara          Ketua Komite Nominasi dan                 3                          3                       100%
                       Remunerasi
                       Head of Nomination and
                       Remuneration Committee
 Maya Osaki            Anggota Komite Nominasi                   3                          3                       100%
                       dan Remunerasi
                       Member of Nomination and
                       Remuneration Committee
 Sri Santy             Anggota Komite Nominasi                   3                          3                       100%                                         7
                       dan Remunerasi
                                                                                                                                                  Financial Report
                                                                                                                                                  Laporan Keuangan




                       Member of Nomination and
                       Remuneration Committee




                                                                     COMBINED REPORT • PT SHIELD ON SERVICES Tbk                  145
Page 146
 AGENDA RAPAT KOMITE                                          AGENDA OF NOMINATION AND
 NOMINASI DAN REMUNERASI                                      REMUNERATION COMMITTEE
                                                              MEETING
                            Tanggal
      No.                                                                        Agenda
                             Date
       1    19 Maret 2024                       Komposisi jabatan anggota Direksi dan/atau anggota Dewan Komisaris
            March 19, 2024                      Composition of positions of members of the Board of Directors and/or members
                                                of the Board of Commissioners
      2     23 Juli 2024                        Rekomendasi struktur remunerasi, kebijakan remunerasi, dan besaran
            July 23, 2024                       remunerasi untuk periode berikutnya
                                                Recommendations for remuneration structure, remuneration policy, and amount
                                                of remuneration for the subsequent period
       3    22 Oktober 2024                     Tinjauan kinerja Direksi dan Dewan Komisaris
            October 22, 2024                    Performance review of the Board of Directors and Board of Commissioners


 PELAKSANAAN TUGAS KOMITE                                     IMPLEMENTATION OF NOMINATION
 NOMINASI DAN REMUNERASI                                      AND REMUNERATION COMMITTEE
 TAHUN 2024                                                   DUTIES IN 2024
 Komite Nominasi dan Remunerasi telah melaksanakan            The Nomination and Remuneration Committee has carried
 beberapa tugas, antara lain:                                 out several duties, including:
 1. Membantu Dewan Komisaris untuk melanjutkan evaluasi       1. Assisting the Board of Commissioners to continue evaluating
    atas kinerja anggota Direksi dan Dewan Komisaris              the performance of the members of the Board of Directors
    sehingga mendapat masukan dan merancang                       and the Board of Commissioners, thereby obtaining input
    pengembangan atas kompetensi anggota Direksi dan              and designing development of the competencies of the
    Dewan Komisaris maupun dalam mempersiapkan suksesi            members of the Board of Directors and the Board of
    anggota Direksi dan Dewan Komisaris.                          Commissioners, as well as preparing for the succession
                                                                  of the members of the Board of Directors and the Board
                                                                  of Commissioners.
 2. Menyusun struktur remunerasi bagi anggota Direksi dan     2. Developing the remuneration structure for the members
    Dewan Komisaris.                                              of the Board of Directors and the Board of Commissioners.
 3. Menyusun kebijakan atas remunerasi bagi anggota           3. Formulating remuneration policies for the members of
    Direksi dan Dewan Komisaris.                                  the Board of Directors and the Board of Commissioners.



 SEKRETARIS PERUSAHAAN • Corporate Secretary

 Sekretaris perusahaan adalah salah satu organ Direksi yang   Corporate secretary is one of the organs of the Board of
 dibentuk, diangkat, diberhentikan oleh Direksi yang          Directors that is formed, appointed, and dismissed by the
 kedudukannya langsung di bawah Direktur Utama serta          Board of Directors, whose position is directly under the
 bertanggung jawab kepada Direksi. Keberadaan Sekretaris      President Director and is responsible to the Board of Directors.
 Perusahaan telah diatur dalam Peraturan Otoritas Jasa        The existence of the Corporate Secretary has been regulated
 Keuangan No. 35/POJK.04/2014 tentang Sekretaris              in the Financial Services Authority Regulation No. 35/
 Perusahaan Emiten atau Perseroan Publik.                     POJK.04/2014 concerning Corporate Secretaries of Issuers
                                                              or Public Companies.

 PROFIL SEKRETARIS PERUSAHAAN CORPORATE SECRETARY PROFILE
 Masa jabatan Sekretaris Perusahaan terhitung sejak tanggal   The term of office of the Corporate Secretary is calculated
 pengangkatan hingga penunjukan Sekretaris Perusahaan         from the date of appointment until the appointment of a new
 yang baru oleh Direksi Perseroan.                            Corporate Secretary by the Company’s Board of Directors.




146    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 147
                                                                                                                                                                  1




                                                                                                                                                 Financial Summary
                                                                                                                                                 Ikhtisar Keuangan
    Hans Trisna Kurniantoro
    Sekretaris Perusahaan
    Corporate Secretary
                                                                                                                                                               2
 Dasar Hukum Pengangkatan          SK.003/HRD/SOSCORP/II/2023




                                                                                                                                                 Management Report
                                                                                                                                                 Laporan Manajemen
 Legal Basis of Appointment
 Usia                              35 tahun/ years old
 Age
 Kewarganegaraan                   Indonesia
 Nationality                       Indonesian
 Riwayat Pendidikan                S1 Teknik Informatika
 Education Background              Bachelor’s degree in Information Technology                                                                                 3




                                                                                                                                                 Company Profile
                                                                                                                                                 Profil Perusahaan
 Riwayat Pekerjaan                 •   Application Support Manager, PT Shield On Service Tbk. (2019 – 2023)
 Professional Background           •   Leasing Section Head, PT Lippo Malls Indonesia (2018 – 2019)
                                   •   Lease Coordinator, Sinarmas Land (2014 – 2018)
                                   •   Quality Management System, Sinarmas Land (2012 – 2014)
                                   •   Tenant Relation, Sinarmas Land (2011 – 2012)



TUGAS DAN TANGGUNG JAWAB                                       DUTIES AND RESPONSIBILITIES                                                                    4




                                                                                                                                       Discussion and Analysis
                                                                                                                                       Management
                                                                                                                                       Pembahasan Manajemen
                                                                                                                                       Analisis dan
Sekretaris Perusahaan bertugas dan bertanggung jawab           Corporate Secretary has duties and responsibilities to, among
untuk hal-hal, di antaranya:                                   other things:
   1. Memberikan masukan kepada Direksi untuk mematuhi            1. Provide input to the Board of Directors to comply with
       ketentuan-ketentuan yang berlaku, termasuk tapi                 applicable regulations, including but not limited to
       tidak terbatas kepada UndangUndang No. 40 Tahun                 Law No. 40 of 2007 concerning Limited Liability
       2007 tentang Perseroan Terbatas, Undang-Undang                  Companies, Law No. 8 of 1995 concerning the Capital
       No. 8 Tahun 1995 tentang Pasar Modal serta peraturan            Market, and regulations in force in the Republic of
       peraturan yang berlaku di Republik Indonesia dan                Indonesia and in accordance with generally accepted                                    5




                                                                                                                                                 Corporate Governance
                                                                                                                                                 Tata Kelola Perusahaan
       sesuai dengan norma-norma GCG secara umum;                      GCG norms;
   2. Mengikuti perkembangan Pasar Modal khususnya                2. Monitor developments in the Capital Market, particularly
       peraturan-peraturan yang berlaku di bidang Pasar                regulations in force in the field of Capital Market;
       Modal;
   3. Sebagai penghubung antara Perseroan dengan                   3. Act as a liaison between the Company and the Financial
       Otoritas Jasa Keuangan (OJK), Bursa Efek Indonesia,            Services Authority (OJK), the Indonesia Stock Exchange,
       pemangku kepentingan, dan masyarakat;                          stakeholders, and the public;
   4. Memelihara hubungan yang baik antara Perseroan               4. Maintain good relations between the Company and                                         6
       dengan media massa;                                            the mass media;                                                            Sustainability Report
                                                                                                                                                 Laporan Keberlanjutan
   5. Memberikan pelayanan kepada masyarakat (terutama             5. Provide services to the public (especially investors)
       investor) atas setiap informasi yang dibutuhkan                on any information needed by investors relating to
       pemodal yang berkaitan dengan kondisi Perseroan;               the condition of the Company;
   6. Melaksanakan kegiatan-kegiatan yang mendukung                6. Carry out activities that support the Company’s activities
       kegiatan Perseroan di atas, termasuk Laporan                   above, including the Annual Report, General Meeting
       Tahunan, Rapat Umum Pemegang Saham, Keterbukaan                of Shareholders, Information Disclosure and others;
       Informasi dan lain sebagainya;
   7. Mempersiapkan praktik GCG di lingkungan Perseroan;           7. Prepare GCG practices within the Company;                                                 7
                                                                                                                                                 Financial Report
                                                                                                                                                 Laporan Keuangan




   8. Menjaga dan mempersiapkan dokumentasi Perseroan,             8. Maintain and prepare the Company’s documentation,
       termasuk notulen dari Rapat Direksi dan Rapat Dewan            including minutes from the Board of Directors Meetings
       Komisaris serta hal-hal terkait lainnya.                       and the Board of Commissioners Meetings and other
                                                                      related matters.

Dalam kaitannya dengan peraturan dan perundang-undangan        In relation to regulations and laws in the Capital Market, the
di Pasar Modal, Sekretaris Perusahaan bertugas:                Corporate Secretary is tasked with:
    1. Mengikuti perkembangan regulasi Pasar Modal,                1. Monitoring the development of Capital Market
       khususnya di bidang industri yang sejenis dengan                 regulations, particularly in the field of industries similar
       Perusahaan;                                                      to the Company;

                                                              COMBINED REPORT • PT SHIELD ON SERVICES Tbk                        147
Page 148
      2. Memberikan masukan kepada Direksi dan Dewan                2. Providing input to the Board of Directors and the
         Komisaris guna memastikan kepatuhan (compliance)              Board of Commissioners to ensure compliance with
         dengan peraturan perundang-undangan dan Pasar                 laws and regulations and the Capital Market from the
         Modal dari otoritas maupun Bursa Efek.                        authorities and the Stock Exchange.

 PELAKSANAAN TUGAS                                              IMPLEMENTATION OF THE
 SEKRETARIS PERUSAHAAN                                          CORPORATE SECRETARY'S
 TAHUN 2024                                                     DUTIES IN 2024
      1. Sekretaris Perusahaan senantiasa membantu                  1. The Corporate Secretary consistently assisted in
         kelancaran kegiatan Direksi, antara lain, dengan              ensuring the smooth operation of the Board of Directors'
         mempersiapkan segala keperluan sebelum rapat,                 activities, including by preparing all necessities prior
         baik rapat internal, gabungan maupun Rapat Umum               to meetings, both internal, combined, and the General
         Pemegang Saham untuk kemudian mengarsipkan                    Meeting of Shareholders, and subsequently archiving
         hasil keputusan yang diambil dalam risalah rapat.             the results of decisions taken in the minutes of
                                                                       meetings.
      2. Membantu Direksi dalam ketertiban penerapan                2. Assisted the Board of Directors in the orderly
         prinsip-prinsip tata kelola perusahaan yang baik              implementation of good corporate governance
         dalam kegiatan operasional sehari-hari.                       principles in daily operational activities.
      3. Memantau perkembangan regulasi pasar modal dan             3. Monitored the development of capital market
         memberi masukan kepada manajemen dalam                        regulations and provided input to management to
         memastikan kepatuhan peraturan perundang-                     ensure compliance with applicable laws and regulations
         undangan.

 PROGRAM PELATIHAN                                              CORPORATE SECRETARY
 SEKRETARIS PERUSAHAAN                                          TRAINING PROGRAM

 Dalam rangka meningkatkan kapabilitas pelaksanaan tugas        In order to improve the capability of the Corporate Secretary
 Sekretaris Perusahaan, Perseroan memiliki kebijakan terkait    in carrying out their duties, the Company has a policy related
 pengembangan dan peningkatan kompetensi yang berupa            to the development and improvement of competencies in
 pelatihan maupun pendidikan yang diberikan oleh Perseroan.     the form of training and education provided by the Company.
 Informasi program pelatihan Sekretaris Perusahaan tahun        Information on the 2024 Corporate Secretary training program
 2024 telah disajikan di Bab Profil Perusahaan dalam buku       has been presented in the Company Profile Chapter of this
 Laporan Tahunan ini.                                           Annual Report.


 UNIT AUDIT INTERNAL • Internal Audit Unit

 Unit Audit Internal adalah organ pendukung di bawah Direktur   The Internal Audit Unit is a supporting body under the President
 Utama yang berada di bawah Kendali Satuan Pengawasan           Director which is under the Control of the Internal Supervisory
 Internal sebagaimana termaktub dalam Surat Penunjukkan         Unit as stated in the Appointment Letter of the Internal Unit
 Unit Internal PT Shield On Service Tbk. No.017/VII/2018/       of PT Shield On Service Tbk. No.017/VII/2018/ CorpSec
 CorpSec tentang Pengangkatan Internal Audit tertanggal 4       concerning the Appointment of Internal Audit dated July 4,
 Juli 2018.                                                     2018.

 Unit Audit Internal merupakan bagian dari pengendalian         The Internal Audit Unit is part of internal control, which broadly
 internal, yang secara garis besar bertujuan membantu           aims to assist management in realizing its objectives/targets
 manajemen merealisasikan objektif/sasarannya melalui           by examining the adequacy and implementation of internal
 pemeriksaan kecukupan dan pelaksanaan proses                   control, risk management, and Corporate Governance
 pengendalian internal, manajemen risiko, dan Tata Kelola       processes.
 Perusahaan.




148    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 149
                                                                                                                                                            1




                                                                                                                                           Financial Summary
                                                                                                                                           Ikhtisar Keuangan
PIAGAM UNIT AUDIT INTERNAL                                     INTERNAL AUDIT UNIT CHARTER
Piagam Audit Internal Perseroan telah disusun sesuai dengan    The Company’s Internal Audit Charter has been prepared in
POJK No.56 mengenai pembentukan dan pedoman                    accordance with POJK No.56 concerning the formation and
penyusunan piagam Audit Internal dan berisikan kaidah-         guidelines for the preparation of the Internal Audit Charter
                                                                                                                                                         2
kaidah proses Audit Internal di dalam Perseroan yang           and contains the rules of the Internal Audit process within




                                                                                                                                           Management Report
                                                                                                                                           Laporan Manajemen
pelaksanaannya dilakukan oleh Audit Internal. Adapun isi       the Company, the implementation of which is carried out by
Piagam Unit Audit Internal adalah sebagai berikut:             Internal Audit. The contents of the Internal Audit Unit Charter
                                                               are as follows:
   1. Pembukaan                                                    1. Opening
   2. Visi dan Misi Unit Audit Internal                            2. Vision and Mission of the Internal Audit Unit
   3. Kebijakan umum pengendalian intern dan audit                 3. General policies of internal control and internal audit
      internal                                                                                                                                           3




                                                                                                                                           Company Profile
                                                                                                                                           Profil Perusahaan
   4. Kedudukan Unit Audit Internal                               4.  Position of the Internal Audit Unit
   5. Peran Unit Audit Internal                                   5.  Role of the Internal Audit Unit
   6. Ruang lingkup Unit Audit Internal                           6.  Scope of the Internal Audit Unit
   7. Penerapan prinsip Good Corporate Governance                 7.  Implementation of Good Corporate Governance
                                                                      principles
   8. Tugas dan tanggung jawab Unit Audit Internal                8. Duties and responsibilities of the Internal Audit Unit
   9. Wewenang Unit Audit Internal                                9. Authority of the Internal Audit Unit                                               4
   10. Pelaporan                                                  10. Reporting




                                                                                                                                 Discussion and Analysis
                                                                                                                                 Management
                                                                                                                                 Pembahasan Manajemen
                                                                                                                                 Analisis dan
   11. Hubungan dengan auditor                                    11. Relationship with auditors
   12. Hubungan dengan auditor eksternal                          12. Relationship with external auditors
   13. Hubungan dengan Komite Audit                               13. Relationship with the Audit Committee
   14. Hubungan dengan anak perusahaan                            14. Relationship with subsidiaries
   15. Tanggung jawab manajemen                                   15. Management responsibility
   16. Standar profesi dan kode etik                              16. Professional standards and code of ethics
   17. Jaminan mutu (quality assurance)                           17. Quality assurance
   18. Penutup.                                                   18. Closing.                                                                          5




                                                                                                                                           Corporate Governance
                                                                                                                                           Tata Kelola Perusahaan
TUGAS DAN TANGGUNG JAWAB                                       DUTIES AND RESPONSIBILITIES
Divisi Internal Audit mempunyai tugas dan tanggung jawab,      The Internal Audit Division has the duties and responsibilities
di antaranya:                                                  to, among others:
    1. Menyusun dan melaksanakan rencana Audit Internal            1. Prepare and implement the annual Internal Audit plan;
         tahunan;
    2. Menguji dan mengevaluasi pelaksanaan pengendalian          2. Test and evaluate the implementation of internal                                   6
         internal dan sistem manajemen risiko sesuai dengan          controls and risk management systems in accordance                    Sustainability Report
                                                                                                                                           Laporan Keberlanjutan
         kebijakan perusahaan;                                       with company policies;
    3. Melakukan pemeriksaan dan penilaian atas efisiensi         3. Conduct inspections and assessments of efficiency
         dan efektivitas di bidang keuangan, akuntansi,              and effectiveness in the areas of finance, accounting,
         operasional, sumber daya manusia, pemasaran,                operations, human resources, marketing, information
         teknologi informasi dan kegiatan lainnya;                   technology and other activities;
    4. Memberikan saran perbaikan dan informasi yang              4. Provide recommendations for improvement and
         obyektif tentang kegiatan yang diperiksa pada semua         objective information about the activities examined
         tingkat manajemen;                                          at all levels of management;                                                         7
                                                                                                                                           Financial Report
                                                                                                                                           Laporan Keuangan




    5. Membuat laporan hasil audit dan menyampaikan               5. Prepare audit report and submit the report to the
         laporan tersebut kepada Direktur Utama dan Dewan            President Director and the Board of Commissioners;
         Komisaris; memantau, menganalisis, dan melaporkan           monitor, analyze, and report on the implementation
         pelaksanaan tindak lanjut perbaikan yang telah              of recommended corrective actions;
         disarankan;
    6. Bekerja sama dengan Komite Audit;                          6. Cooperate with the Audit Committee;
    7. Menyusun program untuk mengevaluasi mutu kegiatan          7. Develop a program to evaluate the quality of its internal
         audit internal yang dilakukannya dan melakukan              audit activities and conduct special audits when
         pemeriksaan khusus apabila diperlukan.                      necessary.


                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                 149
Page 150
 STRUKTUR DAN KEDUDUKAN                                          STRUCTURE AND POSITION OF
 UNIT AUDIT INTERNAL                                             THE INTERNAL AUDIT UNIT
 Unit Audit Internal secara struktural dikepalai oleh Kepala     The Internal Audit Unit is structurally headed by the Head of
 Audit Internal dan mempunyai garis pelaporan tidak langsung     Internal Audit and has an indirect reporting line to the Audit
 kepada Komite Audit. Unit Audit Internal dibantu oleh kepala    Committee. The Internal Audit Unit is assisted by audit
 pemeriksa yang diangkat dan diberhentikan oleh Direksi          supervisor who appointed and dismissed by the Board of
 dan bertanggung jawab langsung kepada Kepala UAI.               Directors and are directly responsible to the Head of the
                                                                 Internal Audit Unit.

 Kedudukan UAI sebagai organ yang membantu Direktur              The position of the Internal Audit Unit as an organ that assists
 Utama senantiasa ditempatkan dalam struktur organisasi          the President Director is always placed in an organizational
 yang setara dengan peran dan tanggung jawabnya, dalam           structure that is equivalent to its roles and responsibilities,
 pengungkapan pandangan dan pemikiran yang tidak dapat           in disclosing views and thoughts that cannot be influenced
 dipengaruhi ataupun ditekan dari manajemen dan pihak            or suppressed from management and other parties.
 lain.


                          Kepala Unit Audit Internal
                        Head og International Audit Unit




                              Manager of Internal
                                  Audit Unit




                                                                              Audit Support




                                     Auditor



 Penjelasan kedudukan UAI dalam organisasi Perseroan:            Explanation of the Position of the Internal Audit Unit within
                                                                 the Company's Organization:
      1. Unit Audit Internal secara struktural dikepalai oleh        1. The Internal Audit Unit is structurally headed by the
         Kepala Unit Audit Internal.                                    Head of the Internal Audit Unit.
      2. Kepala Unit Audit Internal ditunjuk dan diberhentikan       2. The Head of the Internal Audit Unit is appointed and
         secara langsung oleh Presiden Direktur setelah                 dismissed directly by the President Director after
         disetujui oleh Dewan Komisaris.                                being approved by the Board of Commissioners.
      3. Direktur Utama dapat memberhentikan Kepala Unit             3. The President Director may dismiss the Head of the
         Audit Internal, setelah mendapat persetujuan Dewan             Internal Audit Unit, after obtaining approval from the
         Komisaris, jika Kepala Unit Audit Internal tidak               Board of Commissioners, if the Head of the Internal
         memenuhi persyaratan sebagai Auditor Internal                  Audit Unit does not meet the requirements as an
         sebagaimana diatur dalam Peraturan Otoritas Jasa               Internal Auditor as stipulated in the Financial Services
         Keuangan No. 56/POJK.04/2015 dan atau gagal atau               Authority Regulation No. 56/POJK.04/2015 and/or
         tidak cakap menjalankan tugas.                                 fails or is incapable of carrying out their duties.
      4. Kepala Unit Audit Internal bertanggung jawab secara         4. The Head of the Internal Audit Unit is fully and directly
         penuh dan langsung kepada Direktur Utama.                      responsible to the President Director.




150        COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 151
                                                                                                                                                            1




                                                                                                                                           Financial Summary
                                                                                                                                           Ikhtisar Keuangan
PROFIL KEPALA AUDIT INTERNAL                                     PROFILE OF THE HEAD OF
                                                                 INTERNAL AUDIT
     Safran
     Kepala Unit Audit Internal                                                                                                                          2
     Head of Internal Audit Unit




                                                                                                                                           Management Report
                                                                                                                                           Laporan Manajemen
 Dasar Hukum Pengangkatan     Surat Penunjukkan Unit Internal Audit PT Shield On Service Tbk. No. S.006/II/2024/CORPSEC
 Legal Basis of Appointment   tanggal 19 Februari 2024
                              Appointment Letter of the Internal Audit Unit PT Shield On Service Tbk. No. S.006/II/2024/
                              CORPSEC dated February 19, 2024
 Usia                         56 tahun/ years old
 Age                                                                                                                                                     3




                                                                                                                                           Company Profile
                                                                                                                                           Profil Perusahaan
 Kewarganegaraan              Indonesia
 Nationality                  Indonesian
 Pendidikan                   S1 Ekonomi, Universitas Indonesia
 Education Background         Bachelor of Economics, University of Indonesia
 Pengalaman Kerja             •    Director, PT ALSOK BASS Indonesia Security Services (2016 – Present)
 Professional Experience      •    HR, GA & Legal, BASS (2005 – 2016)
                              •    Managing Director, Cahaya Starindo Utama (2004 – 2005)                                                               4
                              •    Konsultan Management, Puskopalmar, Navy (2003 – 2004)




                                                                                                                                 Discussion and Analysis
                                                                                                                                 Management
                                                                                                                                 Pembahasan Manajemen
                                                                                                                                 Analisis dan
                              •    Managing Director, Ganda Nusantara Motor (1997 – 2003)
                              •    HR & GA, Sari Koyotoki Int’l (1994 – 1997)
 Keahlian                     Bidang Keuangan
 Expertise                    Finance Sector


PELAKSANAAN KEGIATAN UNIT                                        IMPLEMENTATION OF THE
AUDIT INTERNAL TAHUN 2024                                        INTERNAL AUDIT UNIT'S
                                                                 ACTIVITIES IN 2024                                                                     5




                                                                                                                                           Corporate Governance
                                                                                                                                           Tata Kelola Perusahaan
1. Menyusun dan melaksanakan rencana Audit Internal             1.   Developing and executing the annual Internal Audit plan.
   tahunan.
2. Menguji dan mengevaluasi pelaksanaan pengendalian            2. Testing and evaluating the implementation of internal
   internal dan sistem manajemen risiko sesuai dengan              controls and risk management systems in accordance
   kebijakan perusahaan.                                           with company policies.
3. Membuat laporan hasil audit dan menyampaikan laporan         3. Preparing audit results reports and submitting those
   tersebut kepada Direktur Utama dan Dewan Komisaris.             reports to the President Director and the Board of
                                                                   Commissioners.                                                                       6
4. Memberikan saran perbaikan dan informasi yang objektif       4. Providing improvement recommendations and objective                     Sustainability Report
                                                                                                                                           Laporan Keberlanjutan
   tentang kegiatan yang diperiksa pada semua tingkat              information about audited activities at all management
   manajemen.                                                      levels.
5. Memantau, menganalisis, dan melaporkan pelaksanaan           5. Monitoring, analyzing, and reporting on the implementation
   tindak lanjut perbaikan yang telah disarankan.                  of recommended improvement follow-up actions.
6. Bekerja sama dengan Komite Audit dan Auditor eksternal.      6. Collaborating with the Audit Committee and external
                                                                   auditors.


AKUNTAN PUBLIK • Public Accountant                                                                                                                        7
                                                                                                                                           Financial Report
                                                                                                                                           Laporan Keuangan




Laporan keuangan konsolidasian Perseroan untuk tahun            The Company's consolidated financial statements for the
buku yang berakhir pada 31 Desember 2024 dan 31 Desember        financial years ended December 31, 2024 and December 31,
2023 diaudit oleh Kantor Akuntan Publik Mirawati Sensi          2023 were audited by the Public Accounting Firm Mirawati
Idris. Penjelasan terkait mekanisme penunjukan, jasa lain       Sensi Idris. Explanations regarding the appointment mechanism,
yang diberikan, opini akuntan serta biaya yang dikeluarkan      other services provided, the accountant's opinion, and the
oleh Perseroan atas jasa KAP, dapat dilihat pada bab Profil     fees incurred by the Company for the services of the Public
Perusahaan dalam buku Laporan tahunan ini.                      Accounting Firm can be found in the Company Profile chapter
                                                                of this Annual Report.

                                                                COMBINED REPORT • PT SHIELD ON SERVICES Tbk                151
Page 152
 SISTEM PENGENDALIAN INTERNAL •
 Internal Control System

 Pengendalian keuangan dan operasional dilakukan melalui            Financial and operational control is carried out through
 pengawasan terhadap setiap aktivitasnya. Dewan Komisaris           supervision of each activity. The Company's Board of
 dan Direksi Perseroan secara aktif melakukan pengawasan            Commissioners and Board of Directors actively supervise
 terhadap operasi bisnis melalui unit audit internal yang           business operations through the internal audit unit which is
 bertugas mengawasi proses-proses bisnis yang dijalankan            tasked with overseeing the business processes carried out
 oleh karyawan Perseroan. Secara periodik juga mengadakan           by the Company's employees. Periodically, discussions are
 pembahasan dengan Komite Audit untuk membahas                      also held with the Audit Committee to discuss weaknesses
 kelemahan-kelemahan yang ada pada proses bisnis Perseroan.         in the Company's business processes.

 Kebijakan pelaksanaan sistem pengendalian internal                 The Company's internal control system implementation policy
 Perseroan mengacu pada COSO (Committee of Sponsoring               refers to the COSO (Committee of Sponsoring Organizations)
 Organizations) - Internal Control Integrated Framework, yang       - Internal Control Integrated Framework, which regulates all
 mengatur semua aktivitas yang ada di seluruh tingkat               activities at all management levels from the top level to the
 manajemen dari tingkat atas sampai unit bisnis Perseroan.          Company's business units. In the management of the Company,
 Dalam pengelolaan Perseroan adalah merupakan tanggung              it is the responsibility of management for the implementation
 jawab manajemen atas terselenggaranya Sistem Pengendalian          of a reliable and effective Internal Control System and ensuring
 Internal yang andal dan efektif serta memastikan bahwa             that its implementation has been carried out and is inherent
 implementasinya telah berjalan dan melekat di setiap tingkatan     at every level of the Company's organization. The success
 organisasi Perseroan. Keberhasilan dari terwujudnya Sistem         of the realization of the Internal Control System is under the
 Pengendalian Internal berada di bawah pengawasan dari              supervision of the Board of Directors, the Board of
 Direksi, Dewan Komisaris, dan Manajer yang menjabat di             Commissioners, and Managers who serve in each field.
 setiap bidang.

 Lima (5) Komponen Utama COSO - Internal Control Framework:         Five (5) Main Components of the COSO - Internal Control
                                                                    Framework:
      1.   Lingkungan Pengendalian                                      1. Control Environment
      2.   Identifikasi dan Penilaian Risiko                            2. Risk Identification and Assessment
      3.   Kegiatan Pengendalian                                        3. Control Activities
      4.   Informasi dan Komunikasi                                     4. Information and Communication
      5.   Kegiatan Pemantauan.                                         5. Monitoring Activities.

 Komponen COSO tersebut memiliki 17 Prinsip untuk                   These COSO components have 17 Principles to support the
 mendukung tercapainya internal control yang efektif dalam          achievement of effective internal control within a company,
 suatu perusahaan, sebagai berikut:                                 as follows:


              5 Komponen COSO                                      17 Prinsip Pengendalian Internal COSO
             5 COSO Components                                      17 Principles of COSO Internal Control
  Lingkungan Pengendalian                      •   Komitmen terhadap integritas dan nilai etika
  Control Environment                          •   Melaksanakan tanggung jawab pengawasan
                                               •   Menerapkan struktur wewenang dan tanggung jawab
                                               •   Komitmen terhadap kompetensi
                                               •   Mendorong akuntabilitas atas internal control system
                                               •   Commitment to integrity and ethical values
                                               •   Exercising oversight responsibility
                                               •   Establishing authority and responsibility structures
                                               •   Commitment to competence
                                               •   Ensuring accountability for the internal control system.
  Identifikasi dan Penilaian                   •   Menentukan tujuan
  Risk Identification and Assessment           •   Mengidentifikasi dan menganalisis risiko
                                               •   Menilai risiko fraud
                                               •   Mengidentifikasi dan menganalisis perubahan signifikan
                                               •   Defining objectives
                                               •   Identifying and analyzing risks
                                               •   Assessing fraud risks
                                               •   Identifying and analyzing significant changes.




152    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 153
                                                                                                                                                          1




                                                                                                                                         Financial Summary
                                                                                                                                         Ikhtisar Keuangan
           5 Komponen COSO                                     17 Prinsip Pengendalian Internal COSO
          5 COSO Components                                     17 Principles of COSO Internal Control
 Kegiatan Pengendalian                      •   Mengembangkan kegiatan pengendalian
 Control Activities                         •   Mengembangkan kontrol umum atas teknologi
                                            •   Merinci kepada kebijakan dan prosedur                                                                  2
                                            •   Developing control activities




                                                                                                                                         Management Report
                                                                                                                                         Laporan Manajemen
                                            •   Developing general IT controls
                                            •   Detailing policies and procedures.
 Informasi dan Komunikasi                   •   Menggunakan informasi yang relevan
 Information and Communication              •   Komunikasi internal yang efektif
                                            •   Komunikasi eksternal yang efektif
                                            •   Utilizing relevant information
                                            •   Effective internal communication
                                            •   Effective external communication.                                                                      3




                                                                                                                                         Company Profile
                                                                                                                                         Profil Perusahaan
 Kegiatan Pemantauan                        •   Evaluasi berkelanjutan dan/atau terpisah
 Monitoring Activities                      •   Mengevaluasi dan melaporkan setiap kekurangan
                                            •   Continuous and/or separate evaluation
                                            •   Evaluating and reporting any deficiencies.


Evaluasi Sistem Pengendalian Internal                          Evaluation of the Internal Control System
                                                                                                                                                      4
Satuan Pengawasan Internal melakukan evaluasi atas             The Internal Supervisory Unit evaluates the adequacy and




                                                                                                                               Discussion and Analysis
                                                                                                                               Management
                                                                                                                               Pembahasan Manajemen
                                                                                                                               Analisis dan
kecukupan dan efektivitas implementasi Sistem Pengawasan       effectiveness of the overall implementation of the Internal
Internal secara menyeluruh yang dilakukan untuk mendukung      Control System, which is carried out to support the Board of
keputusan dan kebijakan Direksi tentang efektivitas Sistem     Directors' decisions and policies regarding the effectiveness
Pengendalian Internal Perseroan yang telah diterapkan.         of the Company's Internal Control System that has been
                                                               implemented.

Hasil evaluasi disampaikan kepada manajemen untuk              The evaluation results are submitted to management for
ditindaklanjuti dan dimonitor pelaksanaannya untuk             follow-up and monitored for implementation to ensure that                              5




                                                                                                                                         Corporate Governance
                                                                                                                                         Tata Kelola Perusahaan
memastikan Sistem Pengendalian Internal berjalan secara        the Internal Control System is operating effectively.
efektif.

Berdasarkan evaluasi yang telah dilakukan selama tahun         Based on the evaluations conducted during 2024, it shows
2024, menunjukkan bahwa sistem pengendalian internal           that the internal control system at the Company has been
pada Perseroan telah berjalan secara memadai.                  operating adequately.

Pernyataan Direksi dan/atau Dewan                              Statement of the Board of Directors and/                                               6
Komisaris atas Kecukupan Sistem                                or the Board of Commissioners on the                                      Sustainability Report
                                                                                                                                         Laporan Keberlanjutan
Pengendalian Internal                                          Adequacy of the Internal Control System

Dewan Komisaris/Direksi/Komite Audit menyatakan bahwa          The Board of Commissioners/Board of Directors/Audit
Sistem Pengendalian Internal yang telah diimplementasikan      Committee states that the Internal Control System that has
di sepanjang tahun 2024 telah berjalan sesuai dengan           been implemented throughout 2024 has operated in
kebutuhan Perseroan.                                           accordance with the Company's needs.

                                                                                                                                                        7

MANAJEMEN RISIKO • Risk Management
                                                                                                                                         Financial Report
                                                                                                                                         Laporan Keuangan




Perseroan menyadari bahwa pencapaian kinerja sebuah            The Company realizes that the achievement of a company's
perusahaan sangat dipengaruhi oleh berbagai risiko yang        performance is greatly influenced by various risks that have
berpotensi mengganggu kelancaran kinerja operasional           the potential to disrupt the smooth running of operational
dan finansial. Oleh karena itu, risiko-risiko tersebut harus   and financial performance. Therefore, these risks must be
dikelola dengan baik.                                          well managed.


                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk               153
Page 154
 Perseroan sejak dini telah mengembangkan Sistem                  The Company has early on developed a Risk Management
 Manajemen Risiko yang merujuk kepada ISO 31000:2018              System that refers to ISO 31000:2018 and is integrated at the
 dan terintegrasi di tingkat korporasi dengan melibatkan          corporate level by involving each work unit. The development
 masing-masing satuan kerja. Pengembangan Sistem                  of the Risk Management System is an integral part of the
 Manajemen Risiko merupakan bagian tak terpisahkan dari           long-term strategy that aims to identify all risks and manage
 strategi jangka panjang yang bertujuan untuk mengidentifikasi    risk positions in accordance with the Company's policies and
 semua risiko dan mengelola posisi risiko sesuai dengan           risk appetite.
 kebijakan dan risk appetite Perseroan.

 Sebagai panduan Manajemen Risiko, Perseroan mengantisipasi       As a Risk Management guide, the Company anticipates all
 segala dampak negatif dari ketidakpastian dan peluang            negative impacts of uncertainty and opportunities on the
 pada hasil yang diharapkan terhadap sasaran dan tujuan           expected results of targets and objectives based on ISO
 yang berlandaskan pada ISO 9001:2015, ISO 27001:2013             9001:2015, ISO 27001:2013 and ISO 31000:2018.
 dan ISO 31000:2018.

 Jenis dan Mitigasi Risiko                                        Risk Type and Mitigation

        Jenis Risiko                Deskripsi Risiko                                     Pencegahan
         Risk Type                  Risk Description                                      Mitigation
  Risiko Persaingan Usaha     Risiko yang timbul akibat       Grup Perseroan telah memiliki strategi usaha khusus dalam
  Business Competition Risk   persaingan usaha yang cukup     bersaing di industri alih daya. Dengan pelayanan Integrated Facility
                              ketat dan kompetitif            Management dan aspirasi “One Stop Solution” bagi para klien,
                              Risk arising from intense and   Perseroan yakin dapat bersaing dan mampu memitigasi risiko-risiko
                              competitive business            persaingan usaha yang ada.
                              competition                     The Company, as a group, has implemented a specific business
                                                              strategy to compete in the outsourcing industry. By offering
                                                              Integrated Facility Management services and a “One Stop Solution”
                                                              for clients, the Company is confident it can compete effectively and
                                                              mitigate existing business competition risks.
  Risiko Keterbatasan         Merupakan risiko yang timbul    Perseroan telah memitigasi risiko untuk keterbatasan sumber daya
  Sumber Daya Manusia         akibat keterbatasan Sumber      manusia dengan melakukan rekrutmen ke daerah-daerah yang ada
  Human Resources             Daya Manusia (SDM) yang         di Indonesia. Sedangkan untuk peningkatan dan jaminan kualitas
  Limitation Risk             berkualitas                     SDM, dengan mendirikan training center dan melakukan pelatihan-
                              Risk due to limitations in      pelatihan khusus sesuai dengan kebutuhan para klien.
                              high-quality Human Resources    The Company has mitigated the risk of human resource limitations by
                              (HR)                            recruiting from various regions across Indonesia. Additionally, to
                                                              enhance and ensure the quality of human resources, the Company
                                                              has established a training center and conducted specialized training
                                                              programs tailored to the needs of clients.




154   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 155
                                                                                                                                                                    1




                                                                                                                                                   Financial Summary
                                                                                                                                                   Ikhtisar Keuangan
      Jenis Risiko                Deskripsi Risiko                                        Pencegahan
       Risk Type                  Risk Description                                         Mitigation
Risiko Peraturan            Merupakan risiko yang timbul      Bisnis Perseroan dan Entitas Anak bergerak di bidang jasa
Perundang-undangan          karena perubahan perundang-       penyediaan jasa keamanan, jasa perawatan gedung, jasa sumber
Tentang Pekerja Alih        undangan tenaga pekerja alih      daya manusia, dan jasa manajemen parkir yang membutuhkan                                           2
Daya                        daya Risk arising from changes    tenaga-tenaga pekerja outsourcing yang cukup banyak. Saat ini




                                                                                                                                                   Management Report
                                                                                                                                                   Laporan Manajemen
Regulatory Risk Regarding   in regulations regarding          Perseroan dan Entitas Anak sudah memiliki lebih dari 22.000
Outsourcing                 outsourced labor                  tenaga kerja dan terlebih lagi Perseroan melalui Entitas Anak juga
                                                              memiliki lini usaha dalam bidang penyedia jasa sumber daya
                                                              manusia. Karenanya, jika terjadi perubahan peraturan perundang-
                                                              undangan khususnya terkait dengan Ketenagakerjaan yang terkini
                                                              adalah Perppu No. 2 Tahun 2022 tentang cipta kerja yang
                                                              menggantikan UU No. 11 Tahun 2020 pasti akan berdampak pada
                                                              bisnis Perseroan dan Entitas Anak. Aktivitas mogok kerja yang                                      3
                                                              sering dilakukan para buruh dan pekerja dengan salah satu poin




                                                                                                                                                   Company Profile
                                                                                                                                                   Profil Perusahaan
                                                              tuntutan tentang revisi Undang-Undang Ketenagakerjaan adalah
                                                              salah satu pemicu dan hal yang dapat menyebabkan bisnis
                                                              Perseroan dan Entitas Anak terganggu. Karena menurut beberapa
                                                              pihak, sistem ini dapat merugikan pekerja dan apabila memang
                                                              terjadi penghapusan sistem ini, maka hal tersebut akan sangat
                                                              merugikan Perseroan. Oleh karena itu, Perseroan dan Entitas Anak
                                                              selalu memberikan kompensasi yang baik dan berlaku adil kepada
                                                              seluruh karyawan Perseroan dan Entitas Anak. Hal ini dilakukan                                    4
                                                              agar risiko–risiko dapat diminimalkan dan nama baik Perseroan




                                                                                                                                         Discussion and Analysis
                                                                                                                                         Management
                                                                                                                                         Pembahasan Manajemen
                                                                                                                                         Analisis dan
                                                              tetap terjaga di mata para pekerja.
                                                              The Company and its Subsidiaries operate in the field of providing
                                                              security services, building maintenance services, human resources
                                                              services, and parking management services, which require a
                                                              significant number of outsourced workers. Currently, the Company
                                                              and its Subsidiaries employ more than 22,000 workers, and
                                                              furthermore, the Company, through its Subsidiaries, also has
                                                              business lines in the field of human resources services. Therefore,
                                                              any changes in regulations, especially those related to labor, such as
                                                              Government Regulation (Perppu) No. 2 of 2022 concerning job                                       5
                                                              creation, which replaces Law No. 11 of 2020, will certainly impact the




                                                                                                                                                   Corporate Governance
                                                                                                                                                   Tata Kelola Perusahaan
                                                              Company’s and its Subsidiaries’ businesses. Work stoppages
                                                              frequently conducted by laborers and workers, with one of the
                                                              demands being the revision of labor laws, are one of the triggers and
                                                              factors that can disrupt the Company’s and its Subsidiaries’
                                                              businesses. Some parties believe that this system can harm workers,
                                                              and if this system is indeed abolished, it will greatly harm the
                                                              Company. Therefore, the Company and its Subsidiaries always
                                                              provide fair compensation to all employees to minimize risks and
                                                              maintain the Company’s reputation in the eyes of its workers.
                                                                                                                                                                6
Risiko Tuntutan Hukum       Merupakan risiko yang timbul      Perseroan dan Entitas Anak kerap kali mengalami berbagai                             Sustainability Report
                                                                                                                                                   Laporan Keberlanjutan
Pihak Ketiga                akibat tuntutan hukum dan/        hambatan-hambatan dalam menjalankan usaha bisnisnya, salah
Third-Party Legal Claims    atau permasalahan aspek           satunya adalah tuntutan hukum. Tuntutan hukum bisa terjadi
Risk                        hukum dari pihak ketiga           sewaktu-waktu dan di saat yang tidak terduga terutama karena
                            Risk stemming from legal claims   usaha bisnis Perseroan dan Entitas Anak yang berupa jasa atau
                            and/or legal issues from third    layanan. Bidang usaha jasa ini menyebabkan Perseroan dan Entitas
                            parties                           Anak banyak berhubungan langsung dengan pihak ketiga
                                                              dikarenakan Perseroan dan Entitas Anak bertindak sebagai
                                                              operator yang ditugaskan untuk melayani para pelanggan dari para
                                                              klien. Tuntutan hukum tersebut bisa berdampak buruk terhadap
                                                              kegiatan usaha, kontrak-kontrak usaha, kondisi keuangan, laba                                       7
                                                              bersih dan prospek usaha Perseroan dan Entitas Anak.
                                                                                                                                                   Financial Report
                                                                                                                                                   Laporan Keuangan




                                                              The Company and its Subsidiaries often encounter various obstacles
                                                              in carrying out their business operations, one of which is legal claims.
                                                              Legal claims can arise at any time and unexpectedly, especially due
                                                              to the nature of the Company’s and Subsidiaries’ business as service
                                                              providers. The service sector often involves direct interactions with
                                                              third parties because the Company and its Subsidiaries act as
                                                              operators assigned to serve clients’ customers. These legal claims
                                                              can have adverse effects on business activities, contractual
                                                              agreements, financial conditions, net profits, and business prospects
                                                              of the Company and its Subsidiaries.



                                                                  COMBINED REPORT • PT SHIELD ON SERVICES Tbk                       155
Page 156
        Jenis Risiko               Deskripsi Risiko                                       Pencegahan
         Risk Type                 Risk Description                                        Mitigation
  Risiko Keamanan dan        Merupakan risiko yang timbul     Perseroan selalu memperhatikan dan mengutamakan aspek
  Keselamatan Kerja          akibat aktivitas yang            keselamatan dan keamanan dalam bekerja. Dalam jasa tenaga
  Occupational Safety and    menyangkut aspek manusia,        keamanan yang banyak menemui ancaman keselamatan dan
  Security Risk              peralatan, material dan          keamanan, Perseroan telah memiliki standar operasional prosedur
                             lingkungan kerja                 (SOP) serta pelatihan kemampuan bela diri dan perlengkapan
                             Risk arising from activities     standar pengamanan.
                             involving human, equipment,      The company always prioritizes and emphasizes safety and security
                             material, and workplace          aspects in its operations. In security services, where safety and
                             environmental aspects            security threats are common, the company has established standard
                                                              operational procedures (SOP) as well as self-defense training and
                                                              standard security equipment.


 Evaluasi atas Efektivitas Sistem                                 Evaluation of the Effectiveness of the
 Manajemen Risiko                                                 Risk Management System

 Perseroan melakukan evaluasi terhadap sistem manajemen           The Company evaluates the risk management system
 risiko yang diterapkan guna mengetahui tingkat efisien dan       implemented to determine the level of efficiency and
 efektivitas dari penerapannya dalam menangani dan                effectiveness of its implementation in addressing and managing
 mengelola risiko-risiko yang dimiliki Perseroan dalam            the risks the Company has in carrying out its business activities.
 menjalankan aktivitas bisnisnya.

 Pada tahun 2024, sistem manajemen risiko telah diterapkan        In 2024, the risk management system has been implemented
 dengan efektif dan efisien. Hal tersebut setidaknya terlihat     effectively and efficiently. This is at least evident from the
 dari telah terdapatnya mekanisme penyampaian profil risiko       existence of a mechanism for submitting risk profiles and risk
 dan pengelolaan risiko sampai ke level anak Perseroan            management down to the subsidiary level by establishing
 dengan ditetapkannya risk owner dan risk officer serta           risk owners and risk officers and there are periodic evaluations
 terdapat evaluasi secara berkala atas standar pedoman            of existing management guidelines standards in the Company.
 manajemen yang ada di Perseroan.

 Pernyataan Direksi dan/atau Dewan                                Statement of the Board of Commissioners/
 Komisaris atau Komite Audit atas                                 Directors/Audit Committee on the
 Kecukupan Sistem Manajemen Risiko                                Adequacy of the Risk Management System

 Dewan Komisaris/Direksi/Komite Audit menyatakan bahwa            The Board of Commissioners/Board of Directors/Audit
 Sistem Manajemen Risiko yang telah diimplementasikan di          Committee states that the Risk Management System that has
 sepanjang tahun 2024 telah cukup dan berjalan sesuai             been implemented throughout 2024 has been sufficient and
 dengan kebutuhan Perseroan.                                      operating in accordance with the Company's needs.


 PERKARA HUKUM • Legal Cases

 Sepanjang tahun 2024, Perseroan tidak memiliki perkara           Throughout 2024, the Company had no legal cases in the
 hukum di bidang pidana, perdata dan perpajakan. Sedangkan        areas of criminal, civil, and taxation. Meanwhile, legal cases
 untuk perkara hukum terkait hubungan industrial masih            related to industrial relations are still in the process of settlement
 dalam proses penyelesaian dan tidak memiliki dampak              and do not have a material impact on the Company.
 material terhadap Perseroan.



 SANKSI ADMINISTRASI • Administrative Sanctions
 Hingga akhir tahun 2024, Perseroan tidak menerima sanksi         As of the end of 2024, the Company has not received any
 administratif dari otoritas terkait, seperti OJK atau instansi   administrative sanctions from relevant authorities, such as
 lain.                                                            the OJK or other agencies.

156   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 157
AKSES INFORMASI DAN DATA PERSEROAN •
Access to Company Information and Data                                                                                                                      1




                                                                                                                                           Financial Summary
                                                                                                                                           Ikhtisar Keuangan
Perseroan senantiasa memberikan kemudahan bagi para            The Company always provides convenience for stakeholders
pemangku kepentingan untuk mengakses informasi terkini         to access the latest information and company data through
dan data perusahaan melalui situs web https:// www.sos.        the website https://www.sos.co.id/. The information provided
co.id/. Informasi yang disediakan tersaji dalam bahasa         is available in Indonesian and English. The Company also
Indonesia dan bahasa Inggris. Perseroan juga selalu            always reports material information and facts through the
                                                                                                                                                         2
melakukan pelaporan informasi dan fakta material melalui       electronic reporting system to the Financial Services Authority




                                                                                                                                           Management Report
                                                                                                                                           Laporan Manajemen
sistem pelaporan elektronik kepada Otoritas Jasa Keuangan      (OJK) and the Indonesia Stock Exchange (IDX).
(OJK) dan Bursa Efek Indonesia (BEI).

Penyampaian informasi Perseroan sepanjang tahun 2024           The dissemination of Company information throughout 2024
difasilitasi melalui:                                          was facilitated through:
    • Laporan Tahunan                                             • Annual Report
    • Laporan Keuangan                                            • Financial Statements                                                                 3




                                                                                                                                           Company Profile
                                                                                                                                           Profil Perusahaan
    • Investor                                                    • Investor Relation
    • Paparan Publik                                              • Public Expose


     Sarana Penyampaian Informasi                                       Informasi yang Disajikan
     Means of Information Disclosure                                      Provided Information
 Media Elektronik                            •   RUPS                                                                                                   4
 Digital Media                               •   Laporan Tahunan




                                                                                                                                 Discussion and Analysis
                                                                                                                                 Management
                                                                                                                                 Pembahasan Manajemen
                                                                                                                                 Analisis dan
                                             •   Laporan Keuangan
                                             •   Informasi bagi Investor
                                             •   General Meeting of Shareholders (RUPS)
                                             •   Annual Report
                                             •   Financial Statements
                                             •   Information for Investors
 Media Sosial                                •   Berita terbaru Perseroan
 Social Media                                •   CSR
                                             •   Latest Company News
 Instagram: sosindonesia.id                  •   CSR (Corporate Social Responsibility)                                                                  5
 YouTube : PT Shield On Service Tbk.




                                                                                                                                           Corporate Governance
                                                                                                                                           Tata Kelola Perusahaan
 Website OJK                                 •   Perubahan yang terjadi di Perseroan
 OJK Website                                 •   Paparan Publik
                                             •   Informasi RUPS (Pengumuman, Pemanggilan, Risalah RUPS dll)
                                             •   Changes occurring within the Company
                                             •   Public Expositions
                                             •   Information on General Meetings of Shareholders (Announcements, Summons,
                                                 Minutes of Meetings, etc.)

Untuk mendapatkan informasi lebih rinci mengenai Perseroan,    For more detailed information about the Company, the general                             6
masyarakat umum dan investor dapat menghubungi:                public and investors can contact:                                           Sustainability Report
                                                                                                                                           Laporan Keberlanjutan




                        Corporate Secretary/ Investor Relations Perseroan dengan mengirim email ke:
                         Corporate Secretary/Investor Relations of the Company by sending an email to:

                                                 corporate.secretary@sos.co.id.

                                                                                                                                                          7
                                                                                                                                           Financial Report
                                                                                                                                           Laporan Keuangan




                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                  157
Page 158
 KODE ETIK • Code of Ethics

 Salah satu bentuk komitemen Perseroan dalam                        One form of the Company’s commitment to consistently
 mengimplementasikan GCG secara konsisten adalah dengan             implementing GCG is by applying the Code of Conduct as a
 menerapkan Kode Etik sebagai budaya perusahaan. Kode               corporate culture. This code of ethics is formed from the
 etik ini terbentuk dari visi, misi, serta nilai-nilai budaya       Company’s vision, mission, and cultural values which consist
 Perseroan yang terdiri dari Sustainability, Growth, dan Value      of Sustainability, Growth, and Value Creation. These values
 Creation. Nilai-nilai ini disosialisasikan kepada setiap jajaran   are socialized to every level of the Company as a guideline
 Perseroan sebagai pedoman dalam pelaksanaan usaha                  in carrying out daily business activities. Consistent
 sehari-hari. Penerapan nilai-nilai ini secara konsisten            implementation of these values is the commitment and
 merupakan komitmen dan tanggung jawab seluruh jajaran              responsibility of all levels of the Company, including the Board
 Perseroan, termasuk Dewan Komisaris, Direksi, Manajemen,           of Commissioners, the Board of Directors, Management, and
 dan seluruh karyawan.                                              all employees.

 POKOK-POKOK KODE ETIK                                              KEY POINTS OF THE CODE OF
                                                                    CONDUCT
 Pokok-pokok Kode Etik yang dijalankan oleh Perseroan               Key points of the Code of Conduct implemented by the
 adalah sebagai berikut:                                            Company are as follows:
    • Kepatuhan Terhadap Peraturan                                     • Compliance with Regulations
        Perseroan berkomitmen untuk mematuhi peraturan                    The Company is committed to comply with applicable
        perundang-undangan dan ketentuan-ketentuan yang                   laws and regulations and provisions, both written and
        berlaku baik yang tersurat maupun tersirat.                       unwritten.
    • Benturan Kepentingan                                             • Conflicts of Interest
        Perseroan telah menetapkan kebijakan penting                      The Company has established an important policy
        bahwa Dewan Komisaris, Direksi, pengendali dan                    that members of the Board of Commissioners, the
        seluruh karyawan tidak diperkenankan mengambil                    Board of Directors, controlling shareholder, and all
        keuntungan dari hubungan kerja dengan Perseroan                   employees are not permitted to take advantage of
        untuk keuntungan pribadi. Mereka harus menghindari                their work relationship with the Company for personal
        setiap hubungan usaha baik langsung maupun tidak                  gain. They must avoid any business relationship, either
        dengan konsumen, pemasok, atau kompetitor                         directly or indirectly, with the Company’s consumers,
        Perseroan, kecuali atas nama dan untuk kepentingan                suppliers, or competitors, except on behalf of and for
        Perseroan.                                                        the benefit of the Company.
    • Insider Trading                                                  • Insider Trading
        Orang dalam Perseroan atau pihak-pihak yang                       Insiders of the Company or parties who have an
        mempunyai hubungan afiliasi dengan Perseroan                      affiliated relationship with the Company are prohibited
        dilarang memperdagangkan saham Perseroan                          from trading the Company’s shares based on material
        berdasarkan informasi atau fakta material yang belum              information or facts that have not been disclosed. In
        diungkap. Dalam rangka pencegahan transaksi,                      order to prevent transactions, insiders (insider trading)
        orang dalam (insider trading) Perseroan memisahkan                of the Company strictly separate confidential data
        secara tegas data dan/atau informasi yang bersifat                and/or information from public data and/or information,
        rahasia dengan yang bersifat publik, serta membagi                and divide the duties and responsibilities for managing
        tugas dan tanggung jawab atas pengelolaan informasi               the information proportionally and efficiently.
        dimaksud secara proporsional dan efisien.

 PERNYATAAN KODE ETIK                                               CODE OF CONDUCT STATEMENT
 BERLAKU BAGI SETIAP                                                APPLIES TO EVERY LEVEL OF
 TINGKATAN ORGANISASI                                               THE ORGANIZATION
 Perseroan memberlakukan penerapan kode etik bagi seluruh           The Company enforces the application of the code of conduct
 level jabatan di dalam Perseroan dan tertulis dalam kontrak        for all job levels within the Company and is written in the
 kerja perekrutan karyawan yang harus dipahami dan                  employee recruitment work contract which must be understood
 ditandatangani oleh seluruh pegawai, untuk dapat dipahami          and signed by all employees, to be understood and applied
 dan diterapkan sehari-hari sebagai perilaku dan etika bisnis.      daily as business behavior and ethics.




158   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 159
                                                                                                                                                                     1




                                                                                                                                                    Financial Summary
                                                                                                                                                    Ikhtisar Keuangan
BENTUK SOSIALISASI KODE ETIK                                       FORMS OF CODE OF CONDUCT
                                                                   SOCIALIZATION
Perseroan senantiasa melakukan sosialisasi kode etik untuk         The Company constantly conducts socialization of the code
menanamkan dan membudayakan nilai-nilai positif Kode               of conduct to instill and cultivate the positive values of the
                                                                                                                                                                  2
Etik melalui kegiatan sosialisasi. Kode etik diberikan kepada      Code of Conduct through socialization activities. The code




                                                                                                                                                    Management Report
                                                                                                                                                    Laporan Manajemen
karyawan saat pertama kali diterima menjadi pegawai dan            of conduct is given to employees when they are first accepted
karyawan akan menandatangani sebagai tanda mengerti,               as employees and employees will sign as a sign of
memahami, dan akan menerapkan kode etik dalam aktivitas            understanding, comprehending, and will apply the code of
sehari-hari.                                                       conduct in their daily activities.

JUMLAH PELANGGARAN KODE                                            NUMBER OF CODE OF CONDUCT                                                                      3
ETIK TAHUN 2024                                                    VIOLATIONS IN 2024




                                                                                                                                                    Company Profile
                                                                                                                                                    Profil Perusahaan
Sepanjang tahun 2024, tidak terdapat laporan terkait               Throughout 2024, there were no reports related to violations
pelanggaran terhadap kode etik yang diterapkan di Perseroan.       of the code of conduct implemented in the Company.

PAKTA INTEGRITAS                                                   INTEGRITY PACT
Dalam rangka mengoptimalkan penerapan GCG ke dalam                 In order to optimize the implementation of GCG into all lines,                                4
seluruh lini, Perseroan memiliki pakta integritas yang bertujuan   the Company has an integrity pact that aims to support the




                                                                                                                                          Discussion and Analysis
                                                                                                                                          Management
                                                                                                                                          Pembahasan Manajemen
                                                                                                                                          Analisis dan
untuk menunjang tercapainya aspek-aspek keterbukaan                achievement of aspects of transparency and honesty so as
dan kejujuran sehingga mampu menghadirkan kinerja yang             to be able to present effective, efficient, quality, and accountable
efektif, efisien, berkualitas, dan akuntabel. Pakta integritas     performance. The integrity pact contains various things that
tersebut memuat berbagai hal yang mampu menegakkan                 are able to enforce the implementation of GCG within the
implementasi GCG di dalam area lingkungan kerja Perseroan,         Company's work environment, namely:
yakni:
    • Seluruh insan Perseroan telah menandatangani                     •   All Company personnel have signed a statement of
         pernyataan kepatuhan terhadap Pedoman Perilaku;                   compliance with the Code of Conduct;                                                  5




                                                                                                                                                    Corporate Governance
                                                                                                                                                    Tata Kelola Perusahaan
    • Direksi, Komisaris, dan Pemegang Saham telah                     •   The Board of Directors, Board of Commissioners, and
         menandatangani kontrak manajemen yang memuat                      Shareholders have signed management contract that
         kesepakatan antara Direksi dan Dewan Komisaris                    contains an agreement between the Board of Directors
         dengan Pemegang Saham tentang target-target                       and the Board of Commissioners with Shareholders
         kinerja yang akan dicapai pada 2024;                              regarding performance targets to be achieved in 2024;
    • Dalam rangka mengupayakan pemenuhan aspek                        •   In order to strive for the fulfillment of the commitment
         komitmen, Perseroan telah menunjuk personel yang                  aspect, the Company has appointed personnel who
         memantau penerapan tata kelola pada jajaran                       monitor the implementation of governance within the                                   6
         Perseroan dan menyampaikan laporan secara berkala                 Company and submit reports periodically to the Board                     Sustainability Report
                                                                                                                                                    Laporan Keberlanjutan
         kepada Direksi dan Dewan Komisaris.                               of Directors and the Board of Commissioners.



PROGRAM KEPEMILIKAN SAHAM
BAGI KARYAWAN DAN MANAJEMEN •
Employee and Management Stock Ownership Program                                                                                                                    7
                                                                                                                                                    Financial Report
                                                                                                                                                    Laporan Keuangan




Pada tahun 2024, Perseroan tidak memiliki program ini.             In 2024, the Company did not have this program.




                                                                   COMBINED REPORT • PT SHIELD ON SERVICES Tbk                      159
Page 160
 SISTEM PELAPORAN PELANGGARAN •
 Whistleblowing System (WBS)

 Sistem Pelaporan Pelanggaran (Whistleblowing System/            Whistleblowing System (WBS) is a mechanism to prevent and
 WBS) merupakan mekanisme untuk menghindari dan                  reduce the possibility of violations, which are not limited to
 mengurangi kemungkinan pelanggaran, yang tidak terbatas         business ethics and work ethics (code of conduct), the
 pada etika bisnis dan etika kerja (kode etik), Anggaran Dasar   Company's Articles of Association, Partnership Agreements,
 Perseroan, Perjanjian Kemitraan, kontrak dengan pihak           contracts with external parties, Company secrets, conflicts
 eksternal, rahasia Perseroan, konflik kepentingan, dan          of interest, and applicable regulations.
 peraturan yang berlaku.

 Perseroan senantiasa dituntut untuk melaksanakan kegiatan       The Company is always required to carry out its business
 usahanya berdasarkan prinsip-prinsip Tata Kelola Perusahaan     activities based on the principles of Good Corporate
 (GCG), serta memenuhi ketentuan perundang-undangan              Governance (GCG), and to comply with applicable laws and
 yang berlaku. Pelanggaran terhadap peraturan Perseroan,         regulations. Violations of Company regulations, business
 etika bisnis, dan etika kerja adalah hal yang harus dihindari   ethics, and work ethics are things that must be avoided by
 oleh karyawan.                                                  employees.

 Sebagai wujud komitmen Perseroan untuk menciptakan              As a form of the Company's commitment to creating a clean
 situasi kerja yang bersih dan bertanggung jawab, Perseroan      and responsible work situation, the Company develops and
 menyusun dan menerapkan sistem pelaporan pelanggaran            implements a whistleblowing system to provide employees
 dalam rangka memberikan kesempatan kepada karyawan              with the opportunity to submit reports regarding alleged
 untuk menyampaikan laporan mengenai dugaan pelanggaran          violations of laws and regulations and/or applicable provisions
 terhadap Peraturan perundang-undangan dan/atau ketentuan        within the Company.
 yang berlaku di internal Perseroan.

 Sistem pelaporan pelanggaran ini diharapkan dapat               This whistleblowing system is expected to detect early (early
 mendeteksi secara dini (early warning) atas kemungkinan         warning) possibility of problems arising from a violation.
 terjadinya masalah akibat suatu pelanggaran. Pengaduan          Complaints received from the whistleblowing mechanism
 yang diperoleh dari mekanisme pelaporan pelanggaran             need attention and follow-up, including the imposition of
 perlu mendapat perhatian dan tindak lanjut, termasuk            appropriate sanctions to provide a deterrent effect for
 pengenaan hukuman yang tepat agar dapat memberikan              perpetrators of violations.
 efek jera bagi pelaku pelanggaran.

 Perseroan memberikan kemudahan bagi seluruh pemangku            The Company provides convenience for all stakeholders by
 kepentingan dengan menyediakan berbagai fasilitas               providing various facilities for submitting reports, which consist
 penyampaian laporan, yang terdiri dari email khusus untuk       of a special email for submitting violation reports as part of
 penyampaian laporan pelanggaran sebagai bagian dari             the Company's whistleblowing system.
 sistem pelaporan pelanggaran Perseroan.

 MEKANISME PELAPORAN                                             REPORTING MECHANISM
 Jenis Laporan                                                   Report Type

 Pelapor harus menyertakan informasi lengkap sebagai dasar       Whistleblower must include complete information as a basis
 pengambilan keputusan yang tepat, yang mencakup indikasi,       for making appropriate decisions, which includes indications,
 fakta pelanggaran, nama terlapor, cara melakukan                facts of violations, the name of the reported party, how to
 pelanggaran, serta waktu dan tempat terjadinya pelanggaran.     commit violations, as well as the time and place of the violation.
 Hal ini dilakukan untuk memastikan bahwa laporan dilakukan      This is done to ensure that the report is made in good faith
 dengan iktikad baik dan dapat dipertanggungjawabkan.            and can be accounted for.

 Sarana Pelaporan                                                Reporting Facilities

 Para Pelapor (Whistleblower) dapat mengirimkan pengaduan        Whistleblowers can submit violation reports along with
 pelanggaran beserta buktinya dengan cara sebagai berikut:       evidence in the following ways:
    1. Mengirimkan secara elektronik ke alamat email wbs@            1. Send electronically to the email address wbs@sos.
        sos.co.id.                                                      co.id.
    2. Menginformasikan minimal, jenis pelanggaran, waktu            2. Inform at least, the type of violation, the time the


160   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 161
                                                                                                                                                              1




                                                                                                                                             Financial Summary
                                                                                                                                             Ikhtisar Keuangan
      terjadinya pelanggaran, nama perorangan dan/atau               violation occurred, the name of the individual and/or
      instansi atau pihak lain yang terlibat.                        agency or other parties involved.
   3. Melampirkan bukti pendukung lainnya.                        3. Attach other supporting evidence.
   4. Atau mengirimkan laporan pelanggaran secara hard            4. Or send a hard copy violation report to the address:
      copy ke alamat:
                                                                                                                                                           2




                                                                                                                                             Management Report
                                                                                                                                             Laporan Manajemen
                                         PT Shield On Service Tbk.
                                                 Ditujukan ke: wbs@sos.co.id
                                                 Addressed to: wbs@sos.co.id


                                                                                                                                                           3

PIHAK PENGELOLA DAN CARA                                      MANAGEMENT AND HANDLING




                                                                                                                                             Company Profile
                                                                                                                                             Profil Perusahaan
PENANGANAN PENGADUAN                                          OF COMPLAINTS
Unit pelaporan pelanggan akan menindaklanjuti setiap          The customer reporting unit will follow up on any violation
pengaduan pelanggaran yang diterima oleh Perseroan            complaints received by the Company with the following
dengan prosedur sebagai berikut:                              procedure:
   1. Pemeriksaan untuk memastikan kebenaran, khusus             1. Examination to ensure the truth, especially for alleged                               4
       untuk dugaan penyimpangan yang dilakukan oleh                irregularities committed by members of the Board of




                                                                                                                                   Discussion and Analysis
                                                                                                                                   Management
                                                                                                                                   Pembahasan Manajemen
                                                                                                                                   Analisis dan
       anggota Direksi akan diterima oleh Dewan Komisaris.          Directors will be received by the Board of
                                                                    Commissioners.
   2. Jika kebenaran dugaan terbukti, Direksi akan               2. If the truth of the allegation is proven, the Board of
      menetapkan sanksi kepada pelaku pelanggaran atas              Directors will determine sanctions against the
      masukan dari kelompok pemeriksa yang ditetapkan               perpetrators of violations based on input from the
      sesuai ketentuan Perseroan. Apabila pelanggaran               inspection team determined in accordance with the
      oleh anggota Direksi dan/atau Dewan Komisaris                 Company’s regulations. If violations by members of
      terbukti, melalui mekanisme RUPS, pemegang saham              the Board of Directors and/or the Board of                                            5




                                                                                                                                             Corporate Governance
                                                                                                                                             Tata Kelola Perusahaan
      akan memutuskan sanksi.                                       Commissioners are proven, through the GMS
                                                                    mechanism, shareholders will decide on sanctions.

Perlindungan bagi Pelapor                                     Protection for Whistleblower

Perseroan berkewajiban untuk memberikan rasa aman             The Company is obligated to provide a sense of security to
kepada pelapor terkait dengan ancaman/tindakan yang           whistleblowers regarding threats/actions received as a result
didapat akibat laporan pelanggaran serta merahasiakan         of violation reports and to keep confidential and provide                                   6
dan memberikan perlindungan yang layak kepada pelapor         adequate protection to whistleblowers and/or witnesses to                      Sustainability Report
                                                                                                                                             Laporan Keberlanjutan
dan/atau menjadi saksi atas pelanggaran serta tindak pidana   violations and criminal acts that occur within the Company.
yang terjadi di internal Perseroan. Perlindungan terhadap     Protection for whistleblowers also applies to managers of
pelapor juga berlaku bagi para pengelola sistem pelaporan     the whistleblowing system, parties conducting investigations,
pelanggaran, pihak yang melaksanakan investigasi, maupun      as well as parties providing information related to the complaint.
pihak-pihak yang memberikan informasi terkait dengan
pengaduan tersebut.

Pelaporan Pelanggaran Tahun 2024 dan                          Reporting of Violations in 2024 and                                                           7
Tindak Lanjut                                                 Follow-Up
                                                                                                                                             Financial Report
                                                                                                                                             Laporan Keuangan




Selama periode tahun 2024, tidak terdapat pelaporan kasus     During the year 2024, there were no reports of violation
pelanggaran yang terjadi di Perseroan.                        cases occurring in the Company.




                                                              COMBINED REPORT • PT SHIELD ON SERVICES Tbk                    161
Page 162
 Laporan atas Aktivitas Perseroan yang                            Report on the Company’s Activities that
 Mencemari Lingkungan                                             Pollute the Environment

 Hingga akhir Desember 2024, Perseroan tidak menerima             Until the end of December 2024, the Company has not
 adanya laporan atas aktivitas dari Perseroan yang mencemari      received any reports on activities from the Company that
 lingkungan.                                                      pollute the environment.

 Sosialisasi Whistleblowing System                                Whistleblowing System Socialization

 Sosialisasi untuk karyawan internal dilakukan melalui berbagai   Socialization for internal employees is carried out through
 media antara lain pelatihan, sharing session, dan media          various media, including training, sharing sessions, and other
 komunikasi internal lainnya seperti poster, dan e-learning.      internal communication media such as posters and e-learning.
 Selain itu, Perseroan menggunakan media bagi pihak luar          In addition, the Company uses media for external parties in
 berupa poster-poster yang dipasang di area terbuka di            the form of posters placed in open areas in the office so that
 kantor sehingga dapat dibaca oleh para mitra kerja.              they can be read by work partners.



 KEBIJAKAN ANTIKORUPSI DAN ANTIGRATIFIKASI •
 Anti-Corruption and Anti-Gratification Policy
 Seluruh insan Perseroan mulai dari Dewan Komisaris, Direksi,     All Company personnel, from the Board of Commissioners,
 hingga seluruh karyawan menjalankan tugas dan tanggung           Board of Directors, to all employees, carry out their duties
 jawabnya dengan senantiasa berpegang teguh pada nilai-           and responsibilities by always adhering to the values of fair
 nilai persaingan yang adil, sportivitas, dan profesionalisme,    competition, sportsmanship, and professionalism, as well as
 serta prinsip-prinsip GCG. Selain dari perilaku dan sikap        the principles of GCG. Apart from the behavior and attitude
 para insannya, Perseroan juga berkomitmen untuk                  of its personnel, the Company is also committed to creating
 menciptakan dan senantiasa menjaga kondisi lingkungan            and always maintaining healthy working and business
 kerja dan usaha yang sehat; serta berupaya untuk menghindari     conditions; and strives to avoid behavior that can lead to
 perilaku yang dapat menimbulkan konflik kepentingan dan          conflicts of interest and acts of Corruption, Collusion, &
 Tindakan Korupsi, Kolusi, & Nepotisme (KKN). Pencegahan          Nepotism (KKN). The prevention of anti-corruption acts is
 Tindakan antikorupsi juga menjadi perhatian Perseroan            also a concern of the Company by focusing on the actual
 dengan berfokus pada penerapan secara nyata kebijakan            implementation of anti-corruption policies as stipulated in
 antikorupsi sebagaimana tertuang dalam Undang-Undang             Law No. 20 of 2001 concerning Amendment to Law No. 31
 No. 20 Tahun 2001 tentang Perubahan atas Undang-Undang           of 1999 concerning Eradication of Criminal Acts of Corruption.
 No. 31 Tahun 1999 tentang Pemberantasan Tindak Pidana
 Korupsi.

 Perseroan memiliki kebijakan yang mengatur terkait gratifikasi   The Company has a policy governing gratification and donations
 dan donasi di lingkungan Perseroan sehingga seluruh insan        within the Company environment so that all Company personnel
 Perseroan dapat menjaga agar tidak terdapat adanya praktik       can ensure that there are no gratification and donation
 gratifikasi dan donasi yang berpotensi merugikan dan             practices that could be detrimental and have a negative
 membawa dampak buruk.                                            impact.

 Sosialisasi Kebijakan Antikorupsi dan                            Socialization of Anti-Corruption and
 Gratifikasi                                                      Gratification Policies

 Sosialisasi Kebijakan Gratifikasi dilaksanakan kepada            Socialization of the Gratification Policy is carried out to the
 Sekretariat Perseroan, Divisi Human Capital, dan Keuangan        Company Secretariat, Human Capital Division, and Finance
 dan Akuntansi melalui berbagai media, antara lain, media         and Accounting through various media, including internal
 komunikasi internal seperti email, poster, dan banner yang       communication media such as email, posters, and banners
 diletakkan di area strategis di kantor.                          placed in strategic areas in the office.




162   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 163
KETIDAKSESUAIAN PENYAJIAN LAPORAN
TAHUNAN DAN LAPORAN KEUANGAN DENGAN                                                                                                                            1

PERATURAN YANG BERLAKU DAN STANDAR




                                                                                                                                              Financial Summary
                                                                                                                                              Ikhtisar Keuangan
AKUNTANSI KEUANGAN (SAK) •
Incompatibility of Annual Report and Financial Statements with
Applicable Regulations and Financial Accounting Standards (SAK)
                                                                                                                                                            2




                                                                                                                                              Management Report
                                                                                                                                              Laporan Manajemen
Seluruh penyajian informasi dalam Laporan Tahunan ini,       All presentation of information in this Annual Report, especially
khususnya terkait kinerja keuangan dan hal-hal lainnya,      related to financial performance and other matters, refers to
mengacu pada Laporan Keuangan untuk tahun-tahun yang         the Financial Statements for the years ended December 31,
berakhir 31 Desember 2024 dan 31 Desember 2023 yang          2024 and December 31, 2023 which have been audited by
telah diaudit oleh KAP Mirawati Sensi Idris. Penyajian dan   Public Accounting Firm Mirawati Sensi Idris. The presentation
pengungkapan laporan keuangan Perseroan disusun dan          and disclosure of the Company's financial statements are
disajikan sesuai Standar Akuntansi Keuangan di Indonesia,    prepared and presented in accordance with the Financial                                        3




                                                                                                                                              Company Profile
                                                                                                                                              Profil Perusahaan
yaitu Pernyataan Standar Akuntansi Keuangan (PSAK), yang     Accounting Standards in Indonesia, namely the Statements
diterbitkan oleh Ikatan Akuntan Indonesia (IAI).             of Financial Accounting Standards (PSAK), which are published
                                                             by the Indonesian Institute of Accountants (IAI).

Pengungkapan Segmen Operasi pada                             Operating Segment Disclosure in
Laporan Keuangan                                             Financial Statements
                                                                                                                                                           4
Pengungkapan segmen operasi dalam laporan keuangan           The disclosure of operating segments in the financial statements




                                                                                                                                    Discussion and Analysis
                                                                                                                                    Management
                                                                                                                                    Pembahasan Manajemen
                                                                                                                                    Analisis dan
mengacu pada PSAK No. 5 (Penyesuaian 2015) tentang           refers to PSAK No. 5 (Revised 2015) concerning Operating
Segmen Operasi. Untuk laporan keuangan tahun 2024,           Segments. For the 2024 financial statements, the Company
Perseroan telah menerapkan PSAK tersebut dalam laporan       has implemented the PSAK in the 2024 audited financial
keuangan audit tahun 2024 (Catatan 29).                      statements (Note 29).

Pengembangan Kompetensi Terkait Usaha                        Competency Development Related to
Berkelanjutan [OJK E2]                                       Sustainable Business [OJK E2]
                                                                                                                                                           5




                                                                                                                                              Corporate Governance
                                                                                                                                              Tata Kelola Perusahaan
Dalam upaya pengembangan kompentensi terkait penerapan       In an effort to develop competencies related to the
usaha berkelanjutan, Perseroan mengadakan berbagai           implementation of sustainable business, the Company conducts
pelatihan dalam bidang lingkungan, tata kelola dan sosial.   various trainings in the environmental, governance and social
Sebagai contohnya, kami menyediakan pelatihan anti-fraud,    fields. For example, we provide anti-fraud and leadership
kepemimpinan, di samping sertifikasi khusus dalam bidang     training, in addition to special certifications in the environmental
lingkungan bagi pekerja dalam bidang tertentu.               field for workers in specific areas.

Permasalahan terhadap Penerapan Usaha                        Challenges to the Implementation of                                                           6
Berkelanjutan [OJK E5]                                       Sustainable Business [OJK E5]                                                    Sustainability Report
                                                                                                                                              Laporan Keberlanjutan



Salah satu permasalahan yang dihadapi Perseroan dalam        One of the challenges faced by the Company in implementing
penerapan Usaha Berkelanjutan adalah kesadaran karyawan      Sustainable Business is the awareness of employees in
dalam menerapkan Usaha Berkelanjutan. Oleh karena itu,       implementing Sustainable Business. Therefore, the Company's
fokus utama Perseroan dalam 2 (dua) tahun yang akan          main focus in the next 2 (two) years is the internalization of
datang adalah internalisasi konsep dan praktik Usaha         the concepts and practices of Sustainable Business through
Berkelanjutan melalui penyebarluasan pengetahuan dan         the dissemination of knowledge and awareness of the
kesadaran akan pentingnya penerapan Usaha Berkelanjutan      importance of implementing Sustainable Business to all                                          7
                                                                                                                                              Financial Report
                                                                                                                                              Laporan Keuangan




kepada seluruh karyawan Perseroan. Untuk itu, Perseroan      Company employees. For this reason, the Company actively
secara aktif mengikutsertakan karyawan dalam berbagai        involves employees in various training related to Sustainable
pelatihan terkait Usaha Berkelanjutan.                       Business.

Penilaian Risiko atas Penerapan Usaha                        Risk Assessment for the Implementation
Berkelanjutan [OJK E3]                                       of Sustainable Business [OJK E3]

Penerapan usaha berkelanjutan tidak terlepas dari berbagai   The implementation of sustainable business is inseparable
risiko dan tantangan. Untuk itu, Perseroan menerapkan        from various risks and challenges. For this reason, the Company


                                                             COMBINED REPORT • PT SHIELD ON SERVICES Tbk                      163
Page 164
 Manajemen Risiko Terintegrasi (MRT) berbasis ISO 31000.          implements Integrated Risk Management (IRM) based on ISO
 Perseroan telah menetapkan taksonomi risiko yang dibagi          31000. The Company has established a risk taxonomy which
 menjadi empat bagian besar, yaitu risiko strategis, risiko       is divided into four major parts, namely strategic risk, operational
 operasional, risiko keuangan, dan risiko kepatuhan dan           risk, financial risk, and compliance and legal risk. This aims
 hukum. Hal ini bertujuan untuk memudahkan Perseroan              to make it easier for the Company to map the risks that the
 dalam memetakan risiko yang akan dihadapi Perseroan              Company will face comprehensively, including risks in the
 secara menyeluruh, termasuk risiko pada aspek ekonomi,           economic, social and environmental aspects in the future.
 sosial dan lingkungan hidup di masa mendatang.
                                                                  In addition, in order to ensure sustainable business, the
 Selain itu, dalam rangka memastikan usaha yang berkelanjutan,    Company has identified external risks, including those related
 Perseroan telah mengidentifikasi risiko-risiko eksternal,        to raw materials, the Company's competitiveness, changes
 antara lain, terkait bahan baku, daya saing Perseroan,           in subsidy patterns, climate change and others. In this regard,
 perubahan pola subsidi, perubahan iklim dan lain-lain. Terkait   the Company has sought to control risks by centralizing
 hal tersebut, Perseroan telah berusaha mengendalikan risiko      several functions, including marketing, procurement, research,
 dengan melakukan sentralisasi beberapa fungsi, antara lain,      and others. With the centralization of these functions, the
 fungsi pemasaran, pengadaan, riset, dan lainnya. Dengan          Company can better maintain the Company's continuity going
 adanya sentralisasi fungsi-fungsi tersebut, Perseroan dapat      forward, especially in terms of competitiveness so that the
 lebih menjaga kelangsungan Perseroan ke depan, terutama          Company is better prepared for changes in policies related
 dari segi daya saing sehingga Perseroan lebih siap jika          to subsidy patterns.
 terjadi perubahan kebijakan terkait pola subsidi.

 Pemangku Kepentingan [OJK E4]                                    Stakeholders [OJK E4]

 Perseroan mengidentifikasi pemangku kepentingan sebagai          The Company identifies stakeholders as parties who are
 pihak yang terlibat dan memiliki kepentingan terhadap            involved and have an interest in the organization and can
 organisasi serta dapat memengaruhi dan/atau dipengaruhi          influence and/or be influenced by the achievement of
 oleh pencapaian tujuan organisasi seperti karyawan, investor/    organizational goals such as employees, investors/shareholders,
 pemegang saham, regulator, mitra bisnis, komunitas/asosiasi,     regulators, business partners, communities/associations,
 konsumen/pelanggan, masyarakat, dan lain-lain. Identifikasi      consumers/customers, the public, and others. The identification
 pemangku kepentingan tersebut telah dibahas dan mendapat         of these stakeholders has been discussed and approved by
 persetujuan manajemen. Adapun pendekatan yang digunakan          management. The approaches used by the Company in
 Perseroan dalam melibatkan pemangku kepentingan, sebagai         engaging stakeholders are as follows:
 berikut:


       Pemangku Kepentingan                                              Metode Pendekatan
           Stakeholder                                                   Method of Approach
  Karyawan                              Forum peningkatan kinerja, pelatihan/pendidikan.
  Employee                              Performance enhancement forum, training/education sessions.
  Investor/Pemegang Saham               Rapat Umum Pemegang Saham.
  Investor/Shareholders                 Annual General Meeting of Shareholders.
  Pemerintah                            Laporan kepatuhan sesuai ketentuan Pemerintah.
  Government                            Compliance reports in accordance with government regulations.
  Mitra bisnis                          Kontrak dan perjanjian kerja.
  Business Partners                     Contracts and employment agreements.
  Komunitas/asosiasi                    Pertemuan dan diskusi dengan komunitas/asosiasi.
  Community/Association                 Meetings and discussions with communities/associations.
  Konsumen/Pelanggan                    Survei Kepuasan Pelanggan.
  Consumer/Customer                     Customer Satisfaction Surveys.
  Masyarakat                            Pelibatan tenaga kerja, kunjungan/komunikasi dengan masyarakat dan pelaksanaan
  Community                             program Corporate Social Responsibility (CSR).
                                        Employee engagement, community visits/communications, and implementation of Corporate
                                        Social Responsibility (CSR) programs.




164   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 165
                                                                                                                                                                1




                                                                                                                                               Financial Summary
                                                                                                                                               Ikhtisar Keuangan
Penanggung Jawab Penerapan Usaha                              Party Responsible for Sustainable
Berkelanjutan [OJK E1]                                        Business Implementation [OJK E1]

Penanggung jawab penerapan keberlanjutan dirangkap            Person in charge of sustainability implementation is held by
                                                                                                                                                             2
oleh Direktur yang membawahi sumber daya manusia, yang        the Director who oversees human resources, who is responsible




                                                                                                                                               Management Report
                                                                                                                                               Laporan Manajemen
bertanggung jawab dalam menentukan kebijakan                  for determining sustainability policies, coordinating sustainability
keberlanjutan, mengoordinasikan praktik keberlanjutan yang    practices carried out by related divisions and managing the
dilaksanakan oleh divisi terkait dan mengelola lalu lintas    traffic of data and information related to sustainability.
data dan informasi terkait keberlanjutan.

Prinsip-prinsip Bisnis Berkelanjutan (Sustainable Business)   The principles of Sustainable Business are implemented by
dijalankan oleh Perseroan mulai dari pengorganisasian,        the Company starting from the organization, planning,                                          3




                                                                                                                                               Company Profile
                                                                                                                                               Profil Perusahaan
perencanaan, pelaksanaan dan evaluasi kinerja keberlanjutan   implementation and evaluation of sustainability performance
sampai pada pelaporan dampak ekonomi, lingkungan dan          up to reporting the economic, environmental and social
sosial dalam laporan keberlanjutan. Laporan ini dibutuhkan    impacts in the sustainability report. This report is needed by
oleh pemangku kepentingan terutama investor tertentu,         stakeholders, especially certain investors, namely investors
yaitu investor yang membuat keputusan invetasi berdasarkan    who make investment decisions based on sustainability
pertimbangan kinerja keberlanjutan (atau ESG/ Environment,    performance considerations (or ESG / Environment, Social,
Social, Governance).                                          Governance).                                                                                  4




                                                                                                                                     Discussion and Analysis
                                                                                                                                     Management
                                                                                                                                     Pembahasan Manajemen
                                                                                                                                     Analisis dan
Sesuai kebutuhan memfokuskan perhatian pada pengelolaan       As needed, focus attention on managing the economy,
ekonomi, lingkungan, dan sosial dalam menjalankan keuangan    environment, and social aspects in carrying out sustainable
berkelanjutan. Badan Tata Kelola Tertinggi yang bertanggung   finance. The Highest Governing Body responsible for the
jawab terhadap terselenggaranya manajemen keberlanjutan       implementation of sustainability management in the Company
di Perseroan adalah Direktur. Tugas utamanya adalah           is the Director. The main task is to manage the economic,
mengelola dampak ekonomi, lingkungan dan sosial yang          environmental and social impacts arising from the Company's
timbul akibat operasi Perseroan. Dalam melakukan fungsi       operations. In carrying out this function, the Company pays
ini, Perseroan memerhatikan suara dari pemangku kepentingan   attention to the voices of stakeholders, especially investors                                 5




                                                                                                                                               Corporate Governance
                                                                                                                                               Tata Kelola Perusahaan
terutama investor dan masyarakat yang terdampak melalui       and affected communities through available channels, such
saluran yang tersedia, seperti kunjungan investor, temu       as investor visits, community meetings, email, and mailboxes.
masyarakat, email, dan mailbox.

Dalam penyusunan Laporan Keberlanjutan ini, Direksi           In preparing this Sustainability Report, the Board of Directors
melimpahkan tanggung jawab penyusunan laporan pada            delegates the responsibility for preparing the report to the
Sekretaris Perseroan untuk memastikan bahwa seluruh topik     Corporate Secretary to ensure that all material topics are
material sudah tercakup dalam laporan. Sebelum laporan        covered in the report. Before the report is published, it is                                  6
diterbitkan, dilakukan sirkulasi laporan kepada Dewan         circulated to the Board of Commissioners and the Board of                        Sustainability Report
                                                                                                                                               Laporan Keberlanjutan
Komisaris dan Direksi untuk dimintai tanggapan dan            Directors for feedback and approval.
persetujuan.




                                                                                                                                                              7
                                                                                                                                               Financial Report
                                                                                                                                               Laporan Keuangan




                                                              COMBINED REPORT • PT SHIELD ON SERVICES Tbk                      165
Page 166
166   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 167
COMBINED REPORT • PT SHIELD ON SERVICES Tbk   167
Page 168
 Tentang Laporan Keberlanjutan •
 About Sustainability Report




 Sebagai bagian integral dari Laporan Tahunan, Perseroan        As integral part of the Annual Report, the Company compiles
 menyusun Laporan Keberlanjutan yang mematuhi regulasi          a Sustainability Report that complies with the regulations of
 Otoritas Jasa Keuangan (OJK), yaitu POJK No. 51/POJK.03/2017   the Financial Services Authority (OJK), namely POJK No. 51/
 tentang Penerapan Keuangan Berkelanjutan dan SEOJK             POJK.03/2017 concerning the Implementation of Sustainable
 No. 16/SEOJK.04/2021 tentang Bentuk dan Isi Laporan            Finance and SEOJK No. 16/SEOJK.04/2021 concerning the
 Tahunan.                                                       Form and Content of Annual Reports.

 Laporan ini secara komprehensif memaparkan implementasi        This report comprehensively outlines the Company's
 praktik keberlanjutan Perseroan, yang mencakup inisiatif       implementation of sustainability practices, which include
 Tanggung Jawab Sosial dan Lingkungan (TJSL) sesuai             Social and Environmental Responsibility (TJSL) initiatives as
 dengan mandat Undang-Undang No. 40 Tahun 2007 tentang          mandated by Law No. 40 of 2007 concerning Limited Liability
 Perseroan Terbatas dan Peraturan Pemerintah No. 47 Tahun       Companies and Government Regulation No. 47 of 2012.
 2012.

 Laporan Keberlanjutan ini menegaskan komitmen Perseroan        This Sustainability Report reaffirms the Company's commitment
 terhadap prinsip-prinsip keberlanjutan, transparansi, dan      to the principles of sustainability, transparency, and
 akuntabilitas dalam operasional bisnis. Melalui penyajian      accountability in business operations. Through the presentation
 informasi yang terstruktur dan terukur, Perseroan berupaya     of structured and measurable information, the Company
 memberikan gambaran yang jelas kepada pemangku                 endeavors to provide stakeholders with a clear overview of
 kepentingan mengenai kontribusi positif Perseroan terhadap     the Company's positive contributions to economic, social,
 aspek ekonomi, sosial, dan lingkungan.                         and environmental aspects.




168   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 169
Strategi Keberlanjutan •
Sustainability Strategy                                                                                                                                          1




                                                                                                                                                Financial Summary
                                                                                                                                                Ikhtisar Keuangan
Perseroan menerapkan strategi keberlanjutan secara               The Company consistently implements sustainability strategy
konsisten dengan memperhatikan seluruh pemangku                  that considers all relevant stakeholders, aiming to derive
kepentingan yang terkait, dengan tujuan memperoleh               optimal benefits from our sustainability practices. Our
manfaat optimal dari praktik-praktik keberlanjutan yang kami     commitment to sustainability is achieved through various
                                                                                                                                                              2
laksanakan. Komitmen penerapan keberlanjutan Perseroan           effective strategies, including undertaking several sustainability




                                                                                                                                                Management Report
                                                                                                                                                Laporan Manajemen
diraih melalui berbagai strategi efektif, di antaranya, dengan   initiatives such as reducing environmental impact, enhancing
melakukan sejumlah inisiatif keberlanjutan seperti mengurangi    workforce welfare, and strengthening corporate governance.
dampak lingkungan, meningkatkan kesejahteraan tenaga
kerja, serta memperkuat tata kelola perusahaan.

Di samping itu, Perseroan juga mulai mengintegrasikan            Furthermore, the Company has also begun integrating
aspek-aspek Lingkungan, Sosial, dan Tata Kelola (LST) ke         Environmental, Social, and Governance (ESG) aspects into                                     3




                                                                                                                                                Company Profile
                                                                                                                                                Profil Perusahaan
dalam kebijakan, pedoman, program, dan kegiatan                  its policies, guidelines, programs, and corporate activities,
perusahaan, baik dalam jangka pendek, menengah, maupun           both in the short, medium, and long term.
panjang.


KEGIATAN MEMBANGUN BUDAYA
KEBERLANJUTAN • Activities to Build a Sustainability Culture                                                                                                 4




                                                                                                                                      Discussion and Analysis
                                                                                                                                      Management
                                                                                                                                      Pembahasan Manajemen
                                                                                                                                      Analisis dan
Untuk menanamkan budaya keberlanjutan, Perseroan                 To instill a culture of sustainability, the Company implements
mengimplementasikan berbagai program yang mencakup               various programs that include the application of sustainable
penerapan praktik operasional yang berkelanjutan dan             operational practices and the integration of sustainability
pengintegrasian prinsip-prinsip keberlanjutan ke dalam           principles into the Employee Code of Ethics & Conduct.
Kode Etik & Perilaku Karyawan.

Kegiatan membangun budaya keberlanjutan di Perseroan             Activities to build the Company's sustainability culture include:
antara lain:                                                                                                                                                 5




                                                                                                                                                Corporate Governance
                                                                                                                                                Tata Kelola Perusahaan
   • Menyelaraskan tujuan dan keberlanjutan bisnis                   •   Effectively and efficiently aligning business goals and
        dengan aspek lingkungan dan sosial secara efektif                sustainability with environmental and social aspects.
        dan efisien.
   • Melakukan kegiatan usaha secara berintegritas dan               •   Conducting business activities with integrity and
        beretika.                                                        ethically.
   • Menghargai pelanggan atau mitra bisnis dan                      •   Valuing customers or business partners and providing
        memberikan layanan yang terbaik bagi pelanggan                   the best service for customers or users of outsourcing
        atau pengguna jasa outsourcing.                                  services.                                                                           6
   • Menghormati hak asasi manusia dalam menjalankan                 •   Respecting human rights in carrying out business                       Sustainability Report
                                                                                                                                                Laporan Keberlanjutan
        kegiatan usaha.                                                  activities.
   • Memerhatikan keselamatan dan kesehatan kerja                    •   Paying attention to occupational safety and health
        (K3).                                                            (K3).
   • Melakukan pengembangan sumber daya manusia.                     •   Conducting human resources development.
   • Peduli terhadap perubahan iklim dan memerhatikan                •   Caring about climate change and paying attention to
        lingkungan hidup.                                                the environment.
   • Menjalin hubungan baik dan memberikan manfaat                   •   Establishing good relations and providing value to
        (value) bagi para pemangku kepentingan.                          stakeholders.                                                                         7
                                                                                                                                                Financial Report
                                                                                                                                                Laporan Keuangan




Dalam upaya memperkuat budaya keberlanjutan, Perseroan           In an effort to strengthen the culture of sustainability, the
mengadopsi kerangka kerja yang berlandaskan tiga pilar           Company has adopted a framework based on three main
utama: 'Bisnis yang Lebih Baik', 'Masyarakat yang Lebih          pillars: 'Better Business', 'Better Society', and 'Better Planet'.
Baik', dan 'Planet yang Lebih Baik'. Kerangka kerja ini          This framework is focused on material issues identified as
difokuskan pada isu-isu material yang teridentifikasi sebagai    top priorities for stakeholders, both internal and external.
prioritas utama bagi pemangku kepentingan, baik internal
maupun eksternal.




                                                                 COMBINED REPORT • PT SHIELD ON SERVICES Tbk                    169
Page 170
 Signifikansi 3 (Tiga) Pilar Dasar                                    Significance of the 3 (Three)
 Keberlanjutan                                                        Fundamental Pillars of Sustainability


                                                    Peluang untuk Perseroan jika Isu              Potensi Risiko untuk Perseroan
         Isu Material Perseroan                               Dipaparkan                             jika Isu Tidak Dipaparkan
      Material Issues of the Company                Opportunities for the Company if              Potential Risks for the Company if
                                                          Issues are Disclosed                        Issues are Not Disclosed
  Tata Kelola & Etika Kebijakan
  Praktik bisnis untuk memastikan tata kelola   Menjunjung tinggi reputasi Perseroan sebagai Risiko Reputasi
  yang etis, transparan, dan bertanggung        bisnis yang bertanggung jawab dan menjaga Gagal menerapkan tata kelola yang
  jawab.                                        kepercayaan di antara seluruh pemangku transparan dan sehat.
                                                kepentingan.
  Governance & Ethics
  Business policies and practices to ensure Upholding the Company's reputation as a           Reputational Risk
  ethical, transparent, and accountable responsible business and maintaining trust            Failure to implement transparent and sound
  governance.                               among all stakeholders.                           governance.

  Kebijakan & Regulasi
  Kepatuhan terhadap peraturan di seluruh Terlibat dengan asosiasi yang memungkinkan •              Risiko kurangnya persiapan untuk
  kegiatan usaha secara bertanggung jawab Perseroan untuk memberikan masukan atas                   mematuhi peraturan yang muncul.
  dan transparan.                         undang-undang tenaga kerja yang muncul •                  Risiko reputasi gagal menerapkan
                                          dan memastikan kepatuhan.                                 kebijakan yang transparan dan sehat.

  Policies & Regulations
  Compliance with regulations in all business Engaging with associations that allow the •           The risk of being unprepared to comply
  activities in a responsible and transparent Company to provide input on emerging labor            with emerging regulations.
  manner.                                     laws and ensure compliance.                •          The reputational risk of failing to
                                                                                                    implement transparent and sound
                                                                                                    policies.
  Kinerja Ekonomi
  Kinerja keuangan untuk memberikan nilai Kinerja keuangan yang berkelanjutan                 Menghambat kelangsungan usaha
  pemegang saham dan mengamankan menciptakan nilai jangka panjang bagi semua                  Perseroan.
  kelangsungan hidup jangka panjang pemangku kepentingan.
  Perseroan.

  Economic Performance
  Financial performance to deliver shareholder Sustainable financial performance creates      Hinders the Company's business continuity.
  value and secure the Company's long-term long-term value for all stakeholders.
  survival.
  Kualitas Layanan & Keamanan                •      Menyampaikan janji merek Perseroan •            Risiko reputasi dan klaim pelanggan
  Memberikan jasa layanan outsourcing kepada        kepada pelanggan atau mitra bsinis melalui      yang timbul apabila tidak memenuhi
  pelanggan atau mitra bisnis yang memenuhi         keunggulan sumber daya manusia yang             standar kualitas.
  standar kualitas dan keamanan tertinggi.          terintegrasi dengan layanan utama, serta •      Perubahan peraturan yang dapat
                                                    dukungan sistem IT dan fasilitas penunjang      mempengaruhi kebutuhan akan jasa
                                                    kegiatan Perseroan.                             layanan outsourcing.
                                                •   Mempertahankan dan meningkatkan
                                                    pangsa pasar melalui perluasan jangkauan
                                                    jasa layanan outsourcing dan keragaman
                                                    portofolio.
  Service Quality & Security
  Providing outsourcing services to customers •     Delivering the Company's brand promise •        Reputational risks and customer
  or business partners that meet the highest        to customers or business partners through       claims arising from failure to meet
  quality and security standards.                   superior human resources integrated with        quality standards.
                                                    core services, as well as support from IT •     Regulatory changes that may affect
                                                    systems and the Company's supporting            the need for outsourcing services.
                                                    facilities.
                                                •   Maintaining and increasing market share
                                                    through expanding the reach of outsourcing
                                                    services and portfolio diversity.




170   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 171
                                                                                                                                                                            1




                                                                                                                                                           Financial Summary
                                                                                                                                                           Ikhtisar Keuangan
                                                    Peluang untuk Perseroan jika Isu               Potensi Risiko untuk Perseroan
      Isu Material Perseroan                                  Dipaparkan                              jika Isu Tidak Dipaparkan
   Material Issues of the Company                   Opportunities for the Company if               Potential Risks for the Company if
                                                          Issues are Disclosed                         Issues are Not Disclosed
Pelabelan Produk dan Jasa                                                                                                                                                2
Memberi label pada jasa layanan Perseroan •         Memenuhi persyaratan peraturan.         Kegagalan untuk memenuhi harapan




                                                                                                                                                           Management Report
                                                                                                                                                           Laporan Manajemen
dengan cara yang bertanggung jawab dan •            Memenuhi harapan pelanggan atau mitra pemangku kepentingan atas transparansi
transparan bagi pelanggan atau mitra bisnis.        bisnis terkait komunikasi jasa layanan. informasi jasa layanan.

Product and Service Labeling
Labeling the Company's services in a            •   Fulfilling regulatory requirements.           Failure to meet stakeholder expectations
responsible and transparent manner for          •   Fulfilling the expectations of customers or   regarding service information transparency.
customers or business partners.                     business partners regarding service
                                                    communication.                                                                                                       3




                                                                                                                                                           Company Profile
                                                                                                                                                           Profil Perusahaan
Inovasi membangun keunggulan kompetitif •           Memenuhi permintaan pelanggan dan •               Biaya investasi tinggi dalam Penelitian
melalui solusi inovatif untuk memenuhi              mitra bisnis dan tetap relevan.                   dan Pengembangan (R&D) dan
kebutuhan pelanggan/ mitra bisnis dan •             Adopsi teknologi baru dan meningkatkan            peralatan dengan hasil komersial yang
masyarakat.                                         daya saing.                                       tidak pasti.
                                                                                           •          Menyeimbangkan antara risiko tidak
                                                                                                      diterima oleh pelanggan/ mitra bsinis
                                                                                                      dan risiko diambil alih oleh pesaing.                             4




                                                                                                                                                 Discussion and Analysis
                                                                                                                                                 Management
                                                                                                                                                 Pembahasan Manajemen
                                                                                                                                                 Analisis dan
Innovation builds competitive advantage •           Meeting the demands of customers and •            High investment costs in Research and
through innovative solutions to meet the            business partners and remaining relevant.         Development (R&D) and equipment
needs of customers/business partners and •          Adopting new technologies and increasing          with uncertain commercial results.
society.                                            competitiveness.                          •       Balancing between the risk of not being
                                                                                                      accepted by customers/business
                                                                                                      partners and the risk of being taken
                                                                                                      over by competitors.
Pengelolaan Rantai Pasokan              •           Meningkatkan produktivitas dan kinerja •          Banyak risiko LST hadir dalam rantai
Kebijakan pengadaan dan hubungan                    vendor dalam praktik keberlanjutan dan            pasokan Perseroan (misalnya hak asasi
pemasok yang menangani masalah material             kepatuhan terhadap standar layanan jasa.          manusia, kualitas layanan); praktik                               5
di seluruh rantai nilai.                •           Penghematan biaya dengan kolaborasi               tidak etis mengarah pada pelanggaran




                                                                                                                                                           Corporate Governance
                                                                                                                                                           Tata Kelola Perusahaan
                                                    yang lebih kuat.                                  peraturan, denda moneter, dan risiko
                                                •   Menetapkan kebijakan dan sistem yang              reputasi.
                                                    kuat untuk memastikan penetapan harga •           Gangguan kegiatan usaha.
                                                    yang kompetitif dan melindungi vendor •           Fluktuasi harga sebagai akibat dari
                                                    dari korupsi dan malpraktik.                      kinerja ekonomi global.
Supply Chain Management
Procurement policies and supplier relationships •   Increasing vendor productivity and •              Many ESG risks are present in the
that address material issues across the value       performance in sustainability practices and       Company's supply chain (e.g., human
chain.                                              compliance with service standards.                rights, service quality); unethical                               6
                                                •   Cost savings with stronger collaboration.         practices lead to regulatory violations,             Sustainability Report
                                                •   Establishing strong policies and systems          monetary fines, and reputational risks.              Laporan Keberlanjutan

                                                    to ensure competitive pricing and protect •       Disruption of business activities.
                                                    vendors from corruption and malpractice. •        Price fluctuations as a result of global
                                                                                                      economic performance.
Inovasi membangun keunggulan kompetitif •           Memenuhi permintaan pelanggan dan •               Biaya investasi tinggi dalam Penelitian
melalui solusi inovatif untuk memenuhi              mitra bisnis dan tetap relevan.                   dan Pengembangan (R&D) dan
kebutuhan pelanggan/ mitra bisnis dan •             Adopsi teknologi baru dan meningkatkan            peralatan dengan hasil komersial yang
masyarakat.                                         daya saing.                                       tidak pasti.
                                                                                           •          Menyeimbangkan antara risiko tidak
                                                                                                      diterima oleh pelanggan/ mitra bisnis                               7
                                                                                                      dan risiko diambil alih oleh pesaing.
                                                                                                                                                           Financial Report
                                                                                                                                                           Laporan Keuangan




Innovation builds competitive advantage •           Meeting the demands of customers and •            High investment costs in Research and
through innovative solutions to meet the            business partners and remaining relevant.         Development (R&D) and equipment
needs of customers/business partners and •          Adopting new technologies and increasing          with uncertain commercial results.
society.                                            competitiveness.                          •       Balancing between the risk of not being
                                                                                                      accepted by customers/business
                                                                                                      partners and the risk of being taken
                                                                                                      over by competitors.




                                                                       COMBINED REPORT • PT SHIELD ON SERVICES Tbk                          171
Page 172
                                                      Peluang untuk Perseroan jika Isu              Potensi Risiko untuk Perseroan
         Isu Material Perseroan                                 Dipaparkan                             jika Isu Tidak Dipaparkan
      Material Issues of the Company                  Opportunities for the Company if              Potential Risks for the Company if
                                                            Issues are Disclosed                        Issues are Not Disclosed
  Pengelolaan Rantai Pasokan              •           Meningkatkan produktivitas dan kinerja •        Banyak risiko LST hadir dalam rantai
  Kebijakan pengadaan dan hubungan                    vendor dalam praktik keberlanjutan dan          pasokan Perseroan (misalnya hak asasi
  pemasok yang menangani masalah material             kepatuhan terhadap standar layanan jasa.        manusia, kualitas layanan); praktik
  di seluruh rantai nilai.                •           Penghematan biaya dengan kolaborasi             tidak etis mengarah pada pelanggaran
                                                      yang lebih kuat.                                peraturan, denda moneter, dan risiko
                                                  •   Menetapkan kebijakan dan sistem yang            reputasi.
                                                      kuat untuk memastikan penetapan harga •         Gangguan kegiatan usaha.
                                                      yang kompetitif dan melindungi vendor •         Fluktuasi harga sebagai akibat dari
                                                      dari korupsi dan malpraktik.                    kinerja ekonomi global.
  Supply Chain Management
  Procurement policies and supplier relationships •   Increasing vendor productivity and •            Many ESG risks are present in the
  that address material issues across the value       performance in sustainability practices and     Company's supply chain (e.g., human
  chain.                                              compliance with service standards.              rights, service quality); unethical
                                                  •   Cost savings with stronger collaboration.       practices lead to regulatory violations,
                                                  •   Establishing strong policies and systems        monetary fines, and reputational risks.
                                                      to ensure competitive pricing and protect •     Disruption of business activities.
                                                      vendors from corruption and malpractice. •      Price fluctuations as a result of global
                                                                                                      economic performance.
  Pengembangan Masyarakat & Pertumbuhan •             Berinvestasi dalam Masyarakat          •        Kurangnya program dan prakarsa
  Inklusif                                            Mendukung pembangunan sosial dan                komunitas memengaruhi reputasi
  Mendukung perkembangan ekonomi dan                  ekonomi nasional dan memastikan                 sebagai warga korporat dan
  menciptakan dampak sosial yang positif              Perseroan tumbuh bersama masyarakat.            memengaruhi moral karyawan.
  bagi masyarakat yang terkait dengan kegiatan •      Bekerja dengan Masyarakat              •        Kegagalan menyeimbangkan
  bisnis Perseroan.                                   Memperkuat hubungan, kredibilitas, dan          kebutuhan sosial, ekonomi, dan
                                                      keberadaan Perseroan.                           lingkungan akan membawa implikasi
                                                                                                      finansial.
  Community Development & Inclusive Growth
  Supporting economic development and •               Investing in Communities Supporting •           The lack of community programs and
  creating positive social impact for communities     national social and economic development        initiatives affects the reputation as a
  related to the Company's business activities.       and ensuring the Company grows together         corporate citizen and affects employee
                                                      with the community.                             morale.
                                                  •   Working with Communities Strengthening •        Failure to balance social, economic,
                                                      the Company's relationships, credibility,       and environmental needs will bring
                                                      and presence.                                   financial implications.
  Hak Asasi Manusia                           •       Secara proaktif mengidentifikasi dan • Pelanggaran hak asasi manusia dalam
  Menjunjung tinggi praktik hak asasi manusia         menangani risiko hak asasi manusia dalam   kegiatan usaha menyebabkan risiko
  yang kuat dalam kegiatan usaha Perseroan.           kegiatan usaha Perseroan dan memastikan    regulasi dan risiko reputasi.
                                                      tenaga kerja yang aman.                  • Gangguan kegiatan usaha
                                                  •   Mengurangi ketidaksetaraan (misal Tenaga kerja yang tidak termotivasi dan
                                                      ketidaksetaraan gender).                   tidak produktif.
                                                  •   Meningkatkan produktivitas dan efisiensi
                                                      sumber daya.
  Human Rights
  Upholding strong human rights practices in •        Proactively identify and address human • Violations of human rights in business
  the Company's business activities.                  rights risks in the Company's business           activities cause regulatory and
                                                      activities and ensure a safe workforce.          reputational risks.
                                                  •   Reduce inequalities (e.g., gender inequality). • Disruption of business activities
                                                  •   Increase productivity and resource Unmotivated and unproductive workforce.
                                                      efficiency.




172   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 173
                                                                                                                                                                     1




                                                                                                                                                    Financial Summary
                                                                                                                                                    Ikhtisar Keuangan
                                              Peluang untuk Perseroan jika Isu                Potensi Risiko untuk Perseroan
      Isu Material Perseroan                            Dipaparkan                               jika Isu Tidak Dipaparkan
   Material Issues of the Company             Opportunities for the Company if                Potential Risks for the Company if
                                                    Issues are Disclosed                          Issues are Not Disclosed
Pengembangan Sumber Daya Manusia          •   Karyawan yang terampil dan beragam          •     Tertantang untuk menarik dan                                      2
Menarik, mengembangkan, dan                   memungkinkan Perseroan untuk                      mempertahankan para karyawan.




                                                                                                                                                    Management Report
                                                                                                                                                    Laporan Manajemen
mempertahankan karyawan berkinerja            menyampaikan strategi bisnis Perseroan      •     Beradaptasi dengan perubahan
tinggi, serta menciptakan budaya yang         dan tetap kompetitif.                             persyaratan keterampilan yang
inklusif dan beragam.                     •   Program pelatihan dan peningkatan                 cepat dari pasar yang berkembang.
                                              keterampilan yang efektif berkontribusi
Human Resources Development                   pada budaya kinerja tinggi.                 •     Challenged to attract and retain
Attracting, developing, and retaining     •   Menyediakan kesempatan kerja bagi                 employees.
high-performing employees, and creating       masyarakat sekitar tempat Perseroan         •     Adapting to the rapidly changing skill
an inclusive and diverse culture.             beroperasi.                                       requirements of a developing                                      3
                                                                                                market.




                                                                                                                                                    Company Profile
                                                                                                                                                    Profil Perusahaan
                                          •   Skilled and diverse employees enable the
                                              Company to deliver the Company's business
                                              strategy and remain competitive.
                                          •   Effective training and skills development
                                              programs contribute to a high-performance
                                              culture.
                                          •   Providing employment opportunities for
                                              communities around where the Company                                                                               4
                                              operates.




                                                                                                                                          Discussion and Analysis
                                                                                                                                          Management
                                                                                                                                          Pembahasan Manajemen
                                                                                                                                          Analisis dan
Keselamatan, Kesehatan &                  •   Tenaga kerja yang sehat dan aman            •     Cedera, penyakit akibat kerja,
Kesejahteraan Karyawan                        meningkatkan produktivitas operasi                kehilangan hari kerja, dan kematian
Meningkatkan dan menjaga kesehatan,           Perseroan.                                        dapat mengakibatkan hilangnya
keselamatan, dan kesejahteraan            •   Peningkatan dalam akuisisi dan retensi            produktivitas dan kelangsungan
karyawan Perseroan.                           talenta.                                          usaha.
                                                                                          •     Risiko keuangan dan reputasi.
Employee Safety, Health & Well-being
Improving and maintaining the health,     •   A healthy and safe workforce increases      •     Injuries, occupational illnesses, lost
safety, and well-being of the Company's       the Company's operational productivity.           work days, and fatalities can result in                          5
employees.                                •   Improvements in talent acquisition and            loss of productivity and business




                                                                                                                                                    Corporate Governance
                                                                                                                                                    Tata Kelola Perusahaan
                                              retention.                                        continuity.
                                                                                          •     Financial and reputational risks.




                                                                                                                                                                 6
                                                                                                                                                    Sustainability Report
                                                                                                                                                    Laporan Keberlanjutan




                                                                                                                                                                   7
                                                                                                                                                    Financial Report
                                                                                                                                                    Laporan Keuangan




                                                                COMBINED REPORT • PT SHIELD ON SERVICES Tbk                           173
Page 174
 KINERJA EKONOMI • Economic Performance




                                        Nilai Ekonomi yang Diterima dan Didistribusikan
                                            Obtained and Distributed Economic Value
                                                                                                  Dalam jutaan Rupiah | In million Rupiah

                             Uraian
                                                                             2024                                 2023
                           Description
  Nilai Ekonomi yang Dihasilkan
  Economic Value Generated
  Penjualan
                                                                                    1.870.248                                1.780.353
  Sales
  Aset
                                                                                     454.002                                    461.112
  Assets
  Total Nilai Ekonomi yang Dihasilkan
                                                                                    2.324.250                                2.241.465
  Total Economic Value Generated
  Nilai Ekonomi yang Didistribusikan
  Economic Value Distributed
  Biaya Operasional
  Operational Cost
  Beban Pokok Pendapatan
                                                                                    (1.713.217)                            (1.607.075)
  Cost of Revenue
  Beban Penjualan
                                                                                          (277)                                   (355)
  Sales Cost
  Beban Administrasi dan Umum
                                                                                     (134.339)                                (130.382)
  General and Administration Cost


                         Perbandingan Target dan Kinerja Produksi, Pendapatan, dan Laba Rugi
                        Target Comparison and Production Performance, Revenue, and Profit or Loss

                                                                                                  Dalam jutaan Rupiah | In million Rupiah

                               Perbandingan Target dan Realisasi              Perbandingan Target dan Realisasi Laba/
                                        Pendapatan (Rp)                                       Rugi (Rp)
                            Comparison of Target and Realized Revenue            Target and Profit or Loss Realization
           Tahun                               (Rp)                                         Comparison
            Year
                                                           Realisasi                                               Realisasi
                                    Target                                          Target
                                                          Realization                                             Realization
  2024                                    1.980.400              1.870.248                    31.941                            12.254
  2023                                     1.708.261             1.780.353                   60.208                             34.552



174   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 175
                                                                                                                                                                     1




                                                                                                                                                    Financial Summary
                                                                                                                                                    Ikhtisar Keuangan
                           Perbandingan Target dan Realisasi terhadap Produk Berkelanjutan
                                Target Comparison and Sustainable Product Realization
                                                                                                Dalam jutaan Rupiah | In million Rupiah

                                                           2024                                          2023
      Portofolio Aset Strategis
                                                                                                                                                                  2
      Strategic Asset Portfolio                                       Realisasi                                     Realisasi
                                                Target                                      Target




                                                                                                                                                    Management Report
                                                                                                                                                    Laporan Manajemen
                                                                     Realization                                   Realization
 Jasa Keamanan
                                                       590.903               581.414              451.080                   574.985
 Security Services
 Jasa Penyedia Sumber Daya Manusia
                                                      1.010.485            1.001.809              913.444                   899.628
 Human Resources Provider Services
 Jasa Kebersihan
                                                       275.290              220.083               314.029                    261.809                              3
 Cleaning Service




                                                                                                                                                    Company Profile
                                                                                                                                                    Profil Perusahaan
 Jasa Parkir
                                                         94.992              66.790               24.988                       45.175
 Parking Service
 Lain-lain
                                                          8.730                    153               4.720                      4.347
 Others


KEMITRAAN                                                         PARTNERSHIPS
                                                                                                                                                                 4
SOS berkomitmen untuk membentuk sistem rantai pasokan             SOS is committed to establishing a sustainable and responsible




                                                                                                                                          Discussion and Analysis
                                                                                                                                          Management
                                                                                                                                          Pembahasan Manajemen
                                                                                                                                          Analisis dan
yang berkelanjutan dan bertanggung jawab. Komitmen ini            supply chain ecosystem. This commitment is operationalized
diwujudkan melalui penerapan skema kemitraan dengan               through the implementation of strategic partnerships with
pihak ketiga mandiri. Pendekatan ini tidak hanya memastikan       independent third-party entities. This approach not only
keberlanjutan suplai produksi tenaga kerja dan alat-alat          ensures the continuity of labor and equipment supply for
yang dibutuhkan, akan tetapi juga berkontribusi dalam             production, but also contributes to the enhancement of
meningkatkan standar hidup masyarakat dengan meningkatkan         community living standards through quality improvement,
kualitas yang pada akhirnya berdampak pada produktivitas          thereby driving increased societal productivity.
masyarakat.                                                                                                                                                      5




                                                                                                                                                    Corporate Governance
                                                                                                                                                    Tata Kelola Perusahaan
Selain itu, Perseroan memastikan kepatuhan terhadap               Furthermore, the Company ensures strict adherence to
peraturan dan perundangan yang berlaku terkait dengan             applicable regulations and legislation concerning the trade
perdagangan bahan bangunan dan perlengkapan rumah                 of building materials and home furnishings, while concurrently
sekaligus memelihara keseimbangan antara people, planet,          maintaining a balanced approach to People, Planet, and
dan profit dalam rangka meningkatkan nilai keberlanjutan          Profit, thereby maximizing sustainable value across the entire
di sepanjang rantai bisnis.                                       business value chain.
                                                                                                                                                                 6
RANTAI PASOKAN                                                    SUPPLY CHAIN                                                                      Sustainability Report
                                                                                                                                                    Laporan Keberlanjutan



Dalam rangka mendukung perekonomian nasional, SOS                 In alignment with our commitment to bolster the national
memprioritaskan kerja sama dengan pemasok lokal yang              economy, SOS prioritizes strategic partnerships with local
beroperasi di wilayah Indonesia. Namun, apabila kebutuhan         suppliers who maintain operational presence within the
barang dan jasa tidak dapat dipenuhi oleh pemasok dalam           Indonesian territory. However, should domestic suppliers be
negeri, SOS akan mencari alternatif dari pemasok internasional.   unable to meet the requisite demands for goods and services,
                                                                  SOS will explore alternative sourcing options through
                                                                  international partnerships.                                                                      7
                                                                                                                                                    Financial Report
                                                                                                                                                    Laporan Keuangan




SOS menerapkan proses seleksi pemasok yang ketat,                 SOS employs a rigorous supplier selection process,
mencakup evaluasi kepatuhan terhadap regulasi, keamanan           encompassing comprehensive evaluation of regulatory
jasa, serta tanggung jawab terhadap lingkungan, hak pekerja,      compliance, service security, and adherence to environmental
dan hak asasi manusia. Pemasok yang lolos seleksi kemudian        stewardship, labor rights, and human rights principles.
mendistribusikan produknya ke seluruh jaringan pemasaran          Successful suppliers will then be integrated into SOS's
SOS di Indonesia.                                                 distribution network, serving its expansive market reach
                                                                  across Indonesia.




                                                                  COMBINED REPORT • PT SHIELD ON SERVICES Tbk                        175
Page 176
 Berdasarkan kriteria di atas, selama tahun 2024 jumlah         Based on the aforementioned criteria, the number of goods
 pemasok barang dan jasa yang bekerja sama dengan               and service suppliers engaged by the Company during the
 Perseroan adalah sebagai berikut:                              2024 financial year is as follows:


                        Nama Vendor                                                   Kategori Barang
                        Vendor Name                                                   Goods Category
  PT VISTA PERMATA INDAH                                        UNIFORM
  PT PASIFIC PRIMA MENTARI                                      CLEANING MACHINERY
  PT PASSWORD SOLUSI SISTEM                                     IT HARDWARE AND SOFTWARE
  PT KHARISMA PLASTIK INDO                                      PLASTIC GARBAGE
  PT BOKOR BUANA NUSANTARA                                      PARKING HARDWARE
  PT NARASI DIGITAL INDONESIA                                   SECURITY AND CLEANING EQUIPMENT
  PT KALINGGA TATARAYA                                          TISSUE AND CLEANING MACHINE KARCHER
  PT OSHA ASIA                                                  SAFETY SHOES
  PT PENTA PRIMA GEMILANG                                       CLEANING CHEMICAL
  PT HUGO PRIMA SAKTI                                           DRONE



 PRAKTIK PENGADAAN                                              PROCUREMENT PRACTICES
 Pengelolaan vendor dan penerapan praktik pengadaan             Vendor management and consistent implementation of
 berkelanjutan secara konsisten menjadi tanggung jawab          sustainable procurement practices are the sole responsibility
 Divisi Pengadaan. Perseroan menerapkan Sourcing Policy         of the Procurement Division. The Company implements a
 yang mencakup persyaratan keberlanjutan dalam proses           Sourcing Policy, which incorporates sustainability requirements
 pengadaan. Semua pemasok wajib memenuhi kebijakan ini          within the procurement process. All suppliers are mandated
 untuk bermitra dengan SOS. Kami juga memberlakukan             to adhere to this policy to establish a partnership with SOS.
 sejumlah kriteria keberlanjutan yang terdapat dalam Sourcing   Furthermore, we enforce a set of sustainability criteria, as
 Policy sebagai bagian dari seleksi dan evaluasi kinerja        outlined in the Sourcing Policy, as an integral component of
 pemasok.                                                       the supplier selection and performance evaluation framework.

 TATA KELOLA DAN MANAJEMEN                                      TAX GOVERNANCE AND RISK
 RISIKO PAJAK                                                   MANAGEMENT
 SOS memiliki prosedur standar operasi (SOP) perpajakan         SOS has established standard operating procedures (SOPs)
 yang digunakan sebagai dasar dalam melaksanakan hak            for taxation, which serve as the foundation for executing the
 dan kewajiban perpajakan Perseroan. Tanggung jawab             Company's tax rights and obligations. The responsibility for
 penerapan dan pengawasan strategi pajak Perseroan berada       the implementation and oversight of the Company's tax
 di tangan Direktur Keuangan dan Divisi Tax Management,         strategy lies with the Director of Finance and the Tax
 yang kemudian diimplementasikan oleh unit-unit terkait.        Management Division, which is then operationalized by
 Sebagai otoritas pajak, Pemerintah merupakan pemangku          relevant units. As the tax authority, the Government is primary
 kepentingan utama dalam hal ini. SOS berkomitmen untuk         stakeholder in this regard. SOS is committed to upholding
 menjaga integritas pelaksanaan kewajiban perpajakan, yang      the integrity of tax obligation fulfillment, which is demonstrated
 diwujudkan melalui penandatanganan Pakta Integritas oleh       by the mandatory signing of an Integrity Pact by all employees,
 setiap karyawan, termasuk yang terlibat dalam tugas            including those involved in tax-related duties, in accordance
 perpajakan, sesuai dengan Kode Etik SOS. Untuk memastikan      with the SOS Code of Ethics. To ensure compliance, SOS
 kepatuhan, SOS menyediakan sistem pelaporan pelanggaran.       provides a violation reporting system. Breaches of the code
 Pelanggaran terhadap kode etik, termasuk yang berkaitan        of ethics, including those related to taxation, may result in
 dengan pajak, dapat dikenakan sanksi internal bagi karyawan    internal sanctions for the employees involved.
 terkait.




176   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 177
KINERJA LINGKUNGAN • Environmental Performance
                                                                                                                                                             1




                                                                                                                                            Financial Summary
                                                                                                                                            Ikhtisar Keuangan
                                                                                                                                                          2




                                                                                                                                            Management Report
                                                                                                                                            Laporan Manajemen
                                                                                                                                                          3




                                                                                                                                            Company Profile
                                                                                                                                            Profil Perusahaan
Perseroan memiliki komitmen kuat untuk mencapai Tujuan         The Company is firmly committed to achieving the Sustainable
Pembangunan Berkelanjutan (TPB) dan secara proaktif            Development Goals (SDGs) and proactively delivering benefits
memberikan manfaat bagi masyarakat serta lingkungan            to both society and the environment through all its business                              4
melalui setiap aktivitas bisnisnya, dengan senantiasa          activities, consistently applying environmental principles. The




                                                                                                                                  Discussion and Analysis
                                                                                                                                  Management
                                                                                                                                  Pembahasan Manajemen
                                                                                                                                  Analisis dan
menerapkan prinsip-prinsip lingkungan hidup. Perseroan         Company believes that every contribution, no matter how
meyakini bahwa kontribusi, sekecil apapun, memiliki nilai      small, holds significant value in creating a habitable earth for
signifikan dalam mewujudkan bumi yang layak huni bagi          future generations.
generasi mendatang.

Sebagai bagian dari praktik bisnis yang berkelanjutan,         As part of sustainable business practices, the Company
Perseroan senantiasa menyertakan studi dan pengelolaan         consistently incorporates environmental studies and
lingkungan hidup dalam setiap kegiatan operasionalnya          management into all its operational activities to mitigate                                5




                                                                                                                                            Corporate Governance
                                                                                                                                            Tata Kelola Perusahaan
untuk mengurangi dampak lingkungan yang mungkin timbul.        potential environmental impacts. This commitment has been
Pengakuan atas upaya ini diperoleh melalui sertifikasi         recognized through the international certification of the ISO
internasional Sistem Manajemen Lingkungan ISO 14001:2015.      14001:2015 Environmental Management System.

Perseroan menjunjung tinggi undang-undang dan peraturan        The Company upholds laws and regulations that recognize
yang mengakui lingkungan hidup yang bersih dan sehat           a clean and healthy environment as a fundamental human
sebagai hak asasi manusia. Oleh karena itu, seluruh kegiatan   right. Therefore, all of the Company’s business activities are
usaha Perusahaan didasarkan pada prinsip keberlanjutan         based on the principles of sustainability to maintain the                                 6
untuk menjaga kelestarian dan kesehatan lingkungan alam.       preservation and health of the natural environment. The                      Sustainability Report
                                                                                                                                            Laporan Keberlanjutan
Upaya keberlanjutan yang dilakukan Perseroan antara lain:      Company’s sustainability efforts include:
   1. Mematuhi undang-undang dan peraturan terkait                 1. Comply with environmental laws and regulations
       lingkungan hidup (compliance) serta melakukan lebih             (compliance) and do more than required (beyond
       dari yang dipersyaratkan (beyond compliance).                   compliance).
   2. Memiliki dokumen lingkungan seperti AMDAL (Analisis          2. Have environmental documents such as AMDAL
       Mengenai Dampak Lingkungan Hidup), UKL-UPL                      (Environmental Impact Assessment), UKL-UPL
       (Upaya Pengelolaan Lingkungan Hidup dan Upaya                   (Environmental Management Efforts and Environmental
       Pemantauan Lingkungan Hidup), dan SPPL (Surat                   Monitoring Efforts), and SPPL (Certificate of Capability                            7
                                                                                                                                            Financial Report
                                                                                                                                            Laporan Keuangan




       Pernyataan Kesanggupan Pengelolaan dan                          for Environmental Management and Monitoring).
       Pemantauan Lingkungan Hidup).                               3. Prioritizing strategies that support sustainability, such
   3. Mengedepankan strategi yang mendukung                            as energy efficiency, emission reduction, water
       keberlanjutan, seperti efisiensi energi, penurunan              efficiency, and others.
       emisi, efisiensi air, dan lainnya.
   4. Menindaklanjuti kewajiban serta rekomendasi dari            4. Follow up on obligations and recommendations from
       dokumen lingkungan.                                           environmental documents.
   5. Menerapkan ISO 9001:2008 dan OHSAS 18001:2007.              5. Implementing ISO 9001:2008 and OHSAS 18001:2007.
   6. Menerapkan prinsip rethink, reduce, reuse, recycle,         6. Applying the principles of rethink, reduce, reuse,
       recovery (5R) dalam kegiatan operasional.                     recycle, recovery (5R) in operational activities.

                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                  177
Page 178
 Perseroan memahami bahwa keberlanjutan bisnis memerlukan         The Company understands that business sustainability requires
 keseimbangan antara kinerja finansial, pelestarian lingkungan,   a balance between financial performance, environmental
 dan manfaat bagi masyarakat. Oleh karena itu, Perseroan          preservation, and benefits to society. Therefore, the Company
 telah menetapkan kebijakan perlindungan lingkungan hidup         has established a detailed environmental protection policy
 yang terperinci dalam Kebijakan Perseroan, yang mencakup:        within the Company’s Policy, which includes:
     1. Memberikan layanan dan informasi tentang                      1. Provide services and information about the use and
        penggunaan dan penanganan jasa yang dihasilkan.                   handling of the resulting services.
     2. Menetapkan, menerapkan, dan memelihara sistem                 2. Establish, implement, and maintain a system for the
        pencegahan kecelakaan dan penyakit akibat kerja,                  prevention of accidents and occupational diseases,
        pencemaran lingkungan dan dampaknya dalam                         environmental pollution and its impacts in every
        setiap aktivitas operasional Perseroan sesuai dengan              operational activity of the Company in accordance
        persyaratan dan peraturan yang berlaku.                           with applicable requirements and regulations.
     3. Menetapkan, menerapkan, dan memelihara sistem                 3. Establish, implement, and maintain a risk management
        pengelolaan risiko dalam setiap aktivitas operasional             system in every operational activity of the Company.
        Perseroan.
     4. Menetapkan, menerapkan, dan memelihara sistem                4. Establish, implement, and maintain a work system
        kerja yang berorientasi pada peningkatan produktivitas,         that is oriented towards increasing productivity,
        efisiensi dan inovasi dengan mempertimbangkan                   efficiency and innovation while considering quality
        perbaikan mutu dan konservasi sumber daya alam.                 improvement and conservation of natural resources.
     5. Perbaikan berkesinambungan atas proses, infrastruktur,       5. Continuous improvement of processes, infrastructure,
        teknologi, dan kompetensi SDM sesuai tuntutan                   technology, and human resources competence in
        persyaratan manajemen mutu, lingkungan serta                    accordance with the demands of quality, environmental,
        keselamatan dan kesehatan kerja.                                and occupational safety and health management
                                                                        requirements.
      6. Meningkatkan kepedulian lingkungan dalam rangka             6. Increasing environmental awareness in the context
         tanggung jawab sosial perusahaan.                              of corporate social responsibility.
      7. Menerapkan tata kelola perusahaan yang baik dalam           7. Implementing good corporate governance in every
         setiap aktivitas operasional Perseroan.                        operational activity of the Company.



 BIAYA LINGKUNGAN HIDUP                                           ENVIRONMENTAL COSTS
 Di tahun 2024, Perseroan tidak mencatatkan pengeluaran           In 2024, the Company did not record any expenditure related
 biaya yang berkaitan dengan lingkungan.                          to environmental costs.

 PENGELOLAAN DAN                                                  ENVIRONMENTAL MANAGEMENT
 PEMANTAUAN LINGKUNGAN                                            AND MONITORING
 Untuk mengukur efektivitas pengelolaan lingkungan,               To measure the effectiveness of environmental management,
 Perseroan melakukan kegiatan pengelolaan dan pemantauan          the Company conducts management and monitoring activities
 yang bertujuan memitigasi dampak negatif dan memaksimalkan       aimed at mitigating negative impacts and maximizing positive
 dampak positif terhadap lingkungan. Perseroan berkomitmen        impacts on the environment. The Company is committed to
 untuk selalu mematuhi peraturan perundang-undangan               always complying with environmental laws and regulations
 lingkungan hidup dan menjaga standar kualitas lingkungan         and maintaining environmental quality standards set by the
 yang ditetapkan oleh Pemerintah.                                 Government.

 LIMBAH                                                           WASTE
 Perseroan menghasilkan limbah padat dan cair dari kegiatan       The Company generates solid and liquid waste from daily
 operasional sehari-hari. Limbah padat utamanya terdiri dari      operational activities. Solid waste primarily consists of used
 kertas bekas yang dihasilkan dari kegiatan administrasi dan      paper generated from office administration and documentation
 dokumentasi kantor, sedangkan limbah cair berasal dari air       activities, while liquid waste comes from wastewater generated
 bekas yang dihasilkan dari kegiatan domestik karyawan            from employee and customer domestic activities.
 dan pelanggan.


178    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 179
                                                                                                                                                                   1




                                                                                                                                                  Financial Summary
                                                                                                                                                  Ikhtisar Keuangan
Komitmen Perseroan dalam mengurangi limbah diwujudkan          The Company's commitment to waste reduction is realized
melalui dukungan terhadap kebijakan pengurangan konsumsi       through support for policies to reduce the consumption of
material plastik sekali pakai dengan mengganti air minum       single-use plastic materials by replacing packaged drinking
kemasan dengan gelas atau tumbler pribadi. Selain itu,         water with personal glasses or tumblers. In addition, the
                                                                                                                                                                2
Perusahaan melakukan transformasi proses bisnis dari           Company is transforming business processes from manual,




                                                                                                                                                  Management Report
                                                                                                                                                  Laporan Manajemen
manual berbasis kertas menjadi digital untuk mengurangi        paper-based processes to digital processes to reduce solid
limbah padat berupa kertas.                                    waste in the form of paper.

PENGELOLAAN LIMBAH                                             WASTE MANAGEMENT
Sesuai dengan ketentuan peraturan perundang-undangan,          In accordance with the provisions of laws and regulations,
Perseroan wajib melaksanakan upaya pengelolaan dan             the Company is obliged to implement waste management                                             3




                                                                                                                                                  Company Profile
                                                                                                                                                  Profil Perusahaan
pengolahan limbah guna mencegah kerusakan lingkungan.          and processing efforts to prevent environmental damage.
Praktik pengelolaan limbah yang diterapkan meliputi            The waste management practices applied include reduction,
pengurangan, daur ulang, penggunaan kembali, atau              recycling, reuse, or responsible disposal. As part of prudent
pembuangan secara bertanggung jawab. Sebagai bagian            waste management efforts, the Company provides adequate
dari upaya pengelolaan sampah yang bijaksana, Perseroan        waste bins throughout the office building area. The Company
menyediakan tempat sampah yang memadai di seluruh area         ensures compliance with applicable waste management
gedung kantor. Perseroan memastikan kepatuhan terhadap         regulations and policies. The management of waste from                                          4
regulasi dan kebijakan pengelolaan limbah yang berlaku.        daily office activities is entrusted to third parties with operational




                                                                                                                                        Discussion and Analysis
                                                                                                                                        Management
                                                                                                                                        Pembahasan Manajemen
                                                                                                                                        Analisis dan
Pengelolaan limbah dan sampah dari kegiatan kantor sehari-     permits.
hari dipercayakan kepada pihak ketiga yang memiliki izin
operasional.

PENGGUNAAN AIR                                                 WATER USE
Air yang digunakan oleh karyawan di lingkungan kantor          Water used by employees in the office environment comes
berasal dari Perusahaan Daerah Air Minum (PDAM) dan            from the Regional Drinking Water Company (PDAM) and is                                          5




                                                                                                                                                  Corporate Governance
                                                                                                                                                  Tata Kelola Perusahaan
dimanfaatkan untuk keperluan domestik, seperti sanitasi        utilized for domestic purposes, such as personal sanitation,
pribadi, ibadah, dan pemeliharaan kebersihan kantor. Hingga    prayer, and office cleanliness maintenance. Until the end of
akhir tahun 2024, Perseroan tidak menghitung konsumsi          2024, the Company did not calculate water consumption
air secara terpisah, karena konsumsi air merupakan bagian      separately, as water consumption is part of the facilities
dari fasilitas yang disediakan dalam perjanjian sewa           provided in the building lease agreement.
gedung.

PENGGUNAAN ENERGI                                              ENERGY USAGE                                                                                    6
                                                                                                                                                  Sustainability Report
                                                                                                                                                  Laporan Keberlanjutan
Kegiatan operasional Perseroan tidak terlepas dari             The Company's operational activities inherently involve the
penggunaan energi langsung dan energi tidak langsung           consumption of both direct and indirect energy sources, such
seperti Bahan Bakar Minyak (BBM) dan Listrik. Pada tahun       as Fuel Oil (BBM) and Electricity. In the 2024 financial year,
2024, penggunaan BBM mobil operasional adalah sebesar          the expenditure on operational vehicle fuel amounted to
Rp2.853 juta. Jumlah ini lebih besar bila dibandingkan         Rp2,853 million. This figure represents an increase compared
dengan tahun sebelumnya yang sebesar Rp2.321 juta.             to the preceding year, which of Rp2,321 million.

Tabel berikut menampilkan jumlah energi yang dikonsumsi        The subsequent table presents a detailed breakdown of the                                         7
                                                                                                                                                  Financial Report
                                                                                                                                                  Laporan Keuangan




oleh Perseroan.                                                Company's energy consumption.


            Deskripsi                    Satuan                    31 Desember 2024                    31 Desember 2023
           Description                    Unit                     December 31, 2024                   December 31, 2023
 Listrik                                            Rp juta
                                                                                          1.160                               1.197
 Electricity                                      Rp million
 BBM                                                Rp juta
                                                                                         2.853                                2.321
 Fuel                                             Rp million




                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                        179
Page 180
 UPAYA PENGHEMATAN                                             ENERGY SAVING EFFORTS
 PENGGUNAAN ENERGI
 Perseroan memiliki komitmen yang kuat terhadap efisiensi      The Company has strong commitment to energy efficiency,
 energi, yang diwujudkan melalui kesadaran staf dan karyawan   which is realized through staff and employee awareness in
 dalam melakukan penghematan energi secara berkelanjutan.      conducting sustainable energy savings. The Company has
 Perseroan telah menetapkan kebijakan penghematan energi       established an energy-saving policy and monitors energy
 dan melakukan monitoring penggunaan energi di kantor          usage at the head office. Comprehensive electricity usage
 pusat. Pencatatan penggunaan listrik secara komprehensif      recording is carried out to measure the effectiveness and
 dilakukan untuk mengukur efektivitas dan capaian              achievement of electrical energy savings.
 penghematan energi listrik.

 Berbagai inisiatif penghematan energi listrik telah           Various electrical energy saving initiatives have been
 diimplementasikan, termasuk pengaturan sistem pencahayaan     implemented, including the regulation of office lighting systems
 kantor dan penggantian lampu merkuri dengan lampu Light-      and the gradual replacement of mercury lamps with Light-
 Emitting Diode (LED) secara bertahap. Perseroan juga          Emitting Diode (LED) lamps. The Company also avoids electricity
 menghindari penggunaan listrik selama Waktu Beban Puncak      usage during Peak Load Time to optimize cost efficiency. In
 untuk mengoptimalkan efisiensi biaya. Selain itu, Perseroan   addition, the Company strives to save fuel oil (BBM) consumption
 berupaya menghemat konsumsi bahan bakar minyak (BBM)          for all operational vehicles through effective monitoring and
 untuk seluruh kendaraan operasional melalui pemantauan        recording of usage.
 dan pencatatan penggunaan yang efektif.

 PENGADUAN TERKAIT                                             ENVIRONMENTAL COMPLAINTS
 LINGKUNGAN HIDUP
 Sepanjang tahun 2024 tidak ada pelaporan atas pelanggaran     Throughout 2024 there were no reports of violations of laws
 terhadap peraturan perundang-undangan dalam bidang            and regulations in the field of environment.
 lingkungan hidup.




180   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 181
KINERJA SOSIAL • Social Performance
                                                                                                                                                              1




                                                                                                                                             Financial Summary
                                                                                                                                             Ikhtisar Keuangan
                                                                                                                                                           2




                                                                                                                                             Management Report
                                                                                                                                             Laporan Manajemen
                                                                                                                                                           3




                                                                                                                                             Company Profile
                                                                                                                                             Profil Perusahaan
KOMITMEN MEMBERIKAN                                             COMMITMENT TO PROVIDE                                                                     4

LAYANAN YANG SETARA KEPADA                                      EQUITABLE SERVICES TO




                                                                                                                                   Discussion and Analysis
                                                                                                                                   Management
                                                                                                                                   Pembahasan Manajemen
                                                                                                                                   Analisis dan
KONSUMEN                                                        CONSUMERS
Perseroan memperlakukan setiap pelanggan dengan hormat,         The Company treats each customer with respect, in accordance
sesuai dengan budaya dan nilai Perseroan yang menekankan        with the Company's culture and values that emphasize long-
pada kemitraan dan persahabatan jangka panjang. Selain          term partnerships and relationships. In addition, the company
itu, perusahaan secara aktif melakukan berbagai inovasi         actively pursues various innovations in business development,
dalam pengembangan usaha, proses penyediaan jasa, dan           service provision processes, and distribution. Property
distribusi. Pengembang properti dan wisatawan sebagai           developers and tourists as SOS consumers are key stakeholders                             5




                                                                                                                                             Corporate Governance
                                                                                                                                             Tata Kelola Perusahaan
konsumen SOS merupakan pemangku kepentingan utama               who influence not only our sustainability but also the
yang memengaruhi tidak saja keberlanjutan kami, tetapi          sustainability of the industry sector. To ensure optimal service
juga keberlanjutan sektor industri. Untuk memastikan kualitas   quality, the Company actively receives suggestions and
layanan yang optimal, Perseroan secara aktif menerima           feedback from customers as part of a continuous improvement
saran dan masukan dari pelanggan sebagai upaya peningkatan      effort. The Company also responds to customer complaints
berkelanjutan. Perseroan juga menanggapi keluhan pelanggan      in accordance with service guidelines, with the aim of providing
sesuai dengan pedoman layanan, dengan tujuan memberikan         maximum satisfaction.
tingkat kepuasan maksimal.                                                                                                                                6
                                                                                                                                             Sustainability Report
                                                                                                                                             Laporan Keberlanjutan

EVALUASI KEAMANAN JASA BAGI                                     SERVICE SAFETY EVALUATION
PELANGGAN                                                       FOR CUSTOMERS
Perseroan berkomitmen untuk menyediakan layanan yang            The Company is committed to providing safe and high-quality
aman dan berkualitas tinggi bagi pelanggan. Semua layanan       services to customers. All services offered meet stringent
yang ditawarkan memenuhi standar keselamatan dan                safety and health standards. Licensing, certification, and
kesehatan yang ketat. Proses perizinan, sertifikasi, dan        distribution processes have been implemented to ensure
distribusi telah dilaksanakan untuk menjamin keamanan           customer safety. All Company services have met applicable                                   7
                                                                                                                                             Financial Report
                                                                                                                                             Laporan Keuangan




pelanggan. Seluruh layanan Perseroan telah memenuhi             safety standards and regulations, and undergo rigorous
standar keamanan dan regulasi yang berlaku, serta melalui       supervision and evaluation. Service quality and safety are
pengawasan dan evaluasi yang ketat. Kualitas dan keamanan       ensured through careful guidelines, processes, and inspections,
layanan dijamin melalui pedoman, proses, dan pemeriksaan        namely:
yang cermat, yaitu:
    1. Kesesuaian jasa dengan visi dan misi SOS.                   1. Service suitability with the vision and mission of SOS.
    2. Kesesuaian layanan dengan kebutuhan dan                     2. Service suitability with customer needs and capabilities.
        kemampuan pelanggan.
    3. Mempertimbangkan isu lingkungan, seperti upaya              3. Considering environmental issues, such as natural


                                                                COMBINED REPORT • PT SHIELD ON SERVICES Tbk                  181
Page 182
           pelestarian alam, pengelolaan risiko lingkungan                        conservation efforts, environmental risk management
           (contohnya, pembuangan sampah, pengelolaan                             (for example, waste disposal, pollution management,
           polusi, dan lainnya). SOS menetapkan syarat tertentu                   etc.). SOS sets certain requirements regarding
           terkait risiko lingkungan, yang wajib dicantumkan                      environmental risks, which must be included by the
           oleh Unit Bisnis dalam prosedur pemberian jasa.                        Business Unit in the service delivery procedure.
      4.   Mempertimbangkan isu sosial, seperti kegiatan CSR.                4.   Considering social issues, such as CSR activities.
      5.   Menyampaikan informasi berdasarkan asas                           5.   Delivering information based on the principle of
           transparansi. Setiap layanan yang ditawarkan SOS                       transparency. Every service offered by SOS to
           kepada pelanggan, disampaikan melalui ringkasan                        customers is delivered through a summary of
           informasi mengenai jasa tersebut saat penawaran                        information regarding the service during the offer
           dan/atau kesepakatan penandatanganan perjanjian.                       and/or agreement signing. The service summary
           Ketentuan ringkasan jasa yang disampaikan SOS                          provisions submitted by SOS refer to the applicable
           mengacu pada ketentuan yang berlaku.                                   regulations.
      6.   Memastikan bahwa setiap produk telah melalui                      6.   Ensuring that each product has undergone thorough
           pemeriksaan yang teliti:                                               checks:
           a. Kajian risiko Risk Management terkait delapan                       a. Assessment of Risk Management related to eight
               jenis risiko: risiko kredit, risiko pasar, risiko                       types of risk: credit risk, market risk, liquidity risk,
               likuiditas, risiko operasional, risiko strategis, risiko                operational risk, strategic risk, compliance risk,
               kepatuhan, risiko reputasi, dan risiko hukum.                           reputation risk, and legal risk.
           b. Kajian uji kepatuhan.                                               b. Compliance test review.
           c. Kajian operasional.                                                 c. Operational review.
           d. Kajian keuangan.                                                    d. Financial review.
           e. Kajian IT.                                                          e. IT review.
           f. Serta kajian unit kerja pendukung lainnya yang                      f. As well as a review of other related supporting
               terkait.                                                                work units.
      7.   Memastikan bahwa seluruh produk telah mendapatkan                 7.   Ensuring that all products have received approval
           persetujuan dari pihak terkait sebagaimana diatur                      from related parties as regulated in the SOS Product
           dalam Kebijakan Produk dan Layanan SOS, didukung                       and Service Policy, supported by adequate standard
           oleh standar prosedur serta infrastruktur yang                         procedures and infrastructure, including HR who have
           memadai, termasuk SDM yang telah memiliki sertifikat                   the required certificates, as well as the existence of
           yang dipersyaratkan, serta adanya Business Continuity                  a Business Continuity Plan (BCP).
           Plan (BCP).
      8.   Untuk produk-produk yang membutuhkan persetujuan                  8. For products that require approval from regulators,
           dari regulator, SOS memastikan bahwa produk                          SOS ensures that the product will only be launched
           tersebut hanya akan diluncurkan setelah mendapatkan                  after obtaining approval from the regulator.
           persetujuan dari regulator.

 Komitmen SOS terhadap kualitas dan keamanan produk                       SOS’s commitment to product quality and safety has yielded
 telah memberikan hasil yang baik, dengan tidak adanya                    good results, with no claims of SOS non-compliance with
 tuntutan atas ketidakpatuhan SOS terhadap undang-undang                  laws and regulations in the economic and social fields.
 dan peraturan di bidang ekonomi dan sosial.

 SIGNIFIKANSI DAMPAK JASA                                                 SIGNIFICANCE OF SERVICE
                                                                          IMPACT
 Kegiatan operasional Perseroan memiliki interaksi yang                   The Company's operational activities have limited interaction
 terbatas dengan lingkungan, terutama melalui penggunaan                  with the environment, primarily through the use of electrical
 energi listrik, bahan bakar minyak (BBM), dan air. Oleh karena           energy, fuel oil (BBM), and water. Therefore, the Company's
 itu, dampak lingkungan Perseroan hanya terbatas pada                     environmental impact is limited to the emission aspects.
 aspek emisi.




182    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 183
                                                                                                                                                              1




                                                                                                                                             Financial Summary
                                                                                                                                             Ikhtisar Keuangan
INSIDEN KETIDAKPATUHAN                                          NON-COMPLIANCE INCIDENTS
Sebagai bentuk dukungan terhadap komitmen Perseroan             As a form of support for the Company's commitment to the
terhadap potensi dampak kesehatan dan keselamatan               potential health and safety impacts on customers, all services
pelanggan, seluruh layanan yang dihasilkan oleh Perseroan       produced by the Company (100%) are equipped with Safety
                                                                                                                                                           2
(100%) dilengkapi dengan Lembar Data Keselamatan, sesuai        Data Sheets, in accordance with applicable regulatory




                                                                                                                                             Management Report
                                                                                                                                             Laporan Manajemen
dengan persyaratan peraturan yang berlaku. Sepanjang            requirements. Throughout 2024, there were no incidents of
tahun 2024, tidak terjadi insiden ketidakpatuhan terkait        non-compliance related to the impact of services on consumer
dampak layanan terhadap kesehatan dan keselamatan               health and safety, and no services were recalled.
konsumen, dan tidak ada layanan yang ditarik kembali.

Sesuai dengan peraturan perundang-undangan yang berlaku         In accordance with applicable laws and regulations in Indonesia,
di Indonesia, Perseroan telah menyediakan informasi yang        the Company has provided adequate information to ensure                                    3




                                                                                                                                             Company Profile
                                                                                                                                             Profil Perusahaan
memadai untuk memastikan kesehatan dan keselamatan              customer health and safety in every service provided. If there
pelanggan dalam setiap layanan yang diberikan. Jika terdapat    are complaints or negative impacts arising from the services
keluhan atau dampak negatif yang timbul dari layanan yang       provided, the Company provides a complaint service through:
diberikan, Perseroan menyediakan layanan pengaduan
melalui:

Email: wbs@sos.co.id                                            Email: wbs@sos.co.id                                                                      4




                                                                                                                                   Discussion and Analysis
                                                                                                                                   Management
                                                                                                                                   Pembahasan Manajemen
                                                                                                                                   Analisis dan
ASPEK KETENAGAKERJAAN • Employment Aspect

PROGRAM PENDIDIKAN DAN                                          EDUCATION AND TRAINING
PELATIHAN                                                       PROGRAM                                                                                   5




                                                                                                                                             Corporate Governance
                                                                                                                                             Tata Kelola Perusahaan
Perseroan memandang pendidikan dan pelatihan sebagai            The Company views education and training as a strategic
investasi strategis dalam meningkatkan kualitas sumber          investment in enhancing the quality of human resources,
daya manusia, yang pada akhirnya memberikan kontribusi          which ultimately contributes significantly to the Company's
signifikan terhadap kemajuan Perseroan. Oleh karena itu,        progress. Therefore, the Company regularly organizes
Perseroan secara teratur menyelenggarakan pelatihan             professional training, certifications, and employee motivation
profesional, sertifikasi, dan program motivasi karyawan.        programs. These competency enhancement programs are
Program peningkatan kompetensi ini diharapkan dapat             expected to increase employee satisfaction and loyalty. The                               6
meningkatkan kepuasan dan loyalitas karyawan. Perseroan         Company provides opportunities for all employees to pursue                   Sustainability Report
                                                                                                                                             Laporan Keberlanjutan
memberikan kesempatan kepada seluruh karyawan untuk             education, obtain promotions, develop careers, and receive
melanjutkan pendidikan, memperoleh promosi,                     other rights stipulated in the Collective Labor Agreement
mengembangkan karier, dan mendapatkan hak-hak lain              (CLA) in accordance with applicable laws and regulations.
yang diatur dalam Perjanjian Kerja Bersama (PKB) sesuai
dengan peraturan perundang-undangan yang berlaku.

Perseroan menjunjung tinggi lingkungan kerja yang layak         The Company upholds a decent and safe working environment
dan aman sebagai wujud komitmen terhadap kesejahteraan          as a manifestation of its commitment to the welfare and                                     7
                                                                                                                                             Financial Report
                                                                                                                                             Laporan Keuangan




dan kenyamanan seluruh karyawan. Dalam rangka                   comfort of all employees. In order to improve the capabilities,
meningkatkan kemampuan, keahlian, kecakapan, dan kualitas       expertise, skills, and quality of human resources, the Company
sumber daya manusia, Perseroan menyelenggarakan program         organizes education and training programs for all employees.
pendidikan dan pelatihan bagi seluruh karyawan. Melalui         Through this program, it is expected that the effectiveness
program ini, diharapkan efektivitas dan produktivitas kinerja   and productivity of employee performance will increase,
karyawan meningkat, yang pada akhirnya akan mendorong           which will ultimately drive their career development.
pengembangan karir mereka.




                                                                COMBINED REPORT • PT SHIELD ON SERVICES Tbk                  183
Page 184
                          Tabel Pengembangan Kompetensi SDM Perusahaan pada Tahun 2024
                              Table of Human Resources Competency Development in 2024
         Kegiatan Pengembangan Kompetensi SDM                                         Jumlah (orang)
           HR Competency Development Activity                                          Total (people)
  Training On Site                                                                          8.295
  AM & OM Multi Tasking Program                                                                9
  Gada Pratama                                                                                94
  Gada Madya                                                                                 122
  TL & SPV Supervisory Skill                                                                  32
  First Aid Training for AM & OM                                                               8



 BIAYA PELATIHAN DAN                                            TRAINING AND EDUCATION
 PENDIDIKAN                                                     COSTS
 Realisasi dana yang dialokasikan untuk pengembangan            Realization of allocated funds for human resources development
 sumber daya manusia pada tahun berjalan mencapai Rp1,18        in the current financial year reached Rp1.18 billion. During this
 miliar. Pada tahun ini, tercatat partisipasi karyawan dalam    period, employee participation in training and competency
 program pelatihan dan pengembangan kemampuan sebanyak          development programs was recorded at 8,560 individuals.
 8.560 orang.

 KESETARAAN DAN KEBERAGAMAN EQUALITY AND DIVERSITY
 Perseroan menjunjung tinggi prinsip kesetaraan dalam           The Company upholds the principle of equality in employment
 kesempatan kerja, tanpa membedakan suku, agama, ras,           opportunities, without discrimination based on ethnicity,
 jenis kelamin, atau pilihan politik. Komitmen ini diwujudkan   religion, race, gender, or political affiliation. This commitment
 melalui proses rekrutmen yang transparan, di mana semua        is realized through a transparent recruitment process, where
 kandidat diberikan kesempatan yang sama dan seleksi            all candidates are given equal opportunities and selection
 didasarkan pada kualifikasi dan kebutuhan posisi.              is based on qualifications and the needs of the position.

 Mayoritas karyawan SOS berada dalam usia produktif, yaitu      The majority of SOS employees are in productive age, which
 23.910 orang atau 96,76% dari keseluruhan karyawan.            is 23,910 people or 96.76% of the total employees. Employees
 Karyawan dengan tingkat pendidikan SMA/ Diploma menjadi        with high school/diploma education level make up the largest
 bagian terbesar dengan jumlah 21.775 orang atau 90,44%         part with a total of 21,775 people or 90.44% of the total
 dari keseluruhan karyawan.                                     employees.

 TENAGA KERJA ANAK DAN                                          CHILD LABOR AND FORCED
 KARYAWAN PAKSA                                                 LABOR
 Perseroan mematuhi peraturan perundang-undangan terkait        The Company complies with laws and regulations regarding
 usia minimum karyawan untuk memastikan tidak adanya            the minimum age of employees to ensure the absence of
 pekerja anak di lingkungan perusahaan. Selain itu, Perseroan   child labor within the company environment. In addition, the
 menerapkan kebijakan larangan kerja paksa, yang berarti        Company implements a policy prohibiting forced labor, which
 tidak ada pekerjaan atau layanan yang dipaksakan kepada        means that no work or service is imposed on anyone under
 siapa pun di bawah ancaman hukuman apa pun, dan semua          the threat of any punishment, and all work is done voluntarily.
 pekerjaan dilakukan secara sukarela.




184   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 185
                                                                                                                                                                  1




                                                                                                                                                 Financial Summary
                                                                                                                                                 Ikhtisar Keuangan
PEKERJA LOKAL                                                     LOCAL WORKER
Sebagai bentuk dukungan terhadap pemberdayaan komunitas           As a form of support for the empowerment of local communities,
lokal, Perseroan memberikan prioritas rekrutmen kepada            the Company prioritizes recruitment from local residents, with
masyarakat setempat, dengan tujuan meningkatkan                   the aim of improving welfare around the Company's operational
                                                                                                                                                               2
kesejahteraan di sekitar area operasional Perseroan. Prioritas    areas. This priority is given to candidates who meet the




                                                                                                                                                 Management Report
                                                                                                                                                 Laporan Manajemen
ini diberikan kepada kandidat yang memenuhi persyaratan           required competency requirements.
kompetensi yang dibutuhkan.

DISABILITAS                                                       DISABILITIES
Perseroan membuka kesempatan kerja bagi penyandang                The Company opens employment opportunities for persons
disabilitas, mengakui mereka sebagai bagian integral dari         with disabilities, recognizing them as an integral part of society                           3




                                                                                                                                                 Company Profile
                                                                                                                                                 Profil Perusahaan
masyarakat yang mampu memberikan kontribusi signifikan            who are able to make significant contributions to the Company's
terhadap kemajuan Perseroan. Penyandang disabilitas               progress. Persons with disabilities are placed in positions
ditempatkan pada posisi yang memungkinkan mereka                  that allow them to make maximum contributions according
memberikan kontribusi maksimal sesuai dengan kemampuan            to their abilities. Although in 2024 the Company did not have
mereka. Meskipun pada tahun 2024 Perseroan belum                  employees with disabilities, the Company continues to open
memiliki karyawan disabilitas, Perseroan tetap membuka            opportunities for them to fill various positions throughout its
peluang bagi mereka untuk mengisi berbagai posisi di              operational areas.                                                                          4
seluruh wilayah operasional.




                                                                                                                                       Discussion and Analysis
                                                                                                                                       Management
                                                                                                                                       Pembahasan Manajemen
                                                                                                                                       Analisis dan
UPAH MINIMUM REGIONAL                                             REGIONAL MINIMUM WAGE
Perseroan selalu mematuhi peraturan yang berlaku dalam            The Company consistently adheres to applicable regulations
pemberian remunerasi kepada karyawan. Besaran remunerasi          in providing remuneration to employees. The amount of
disesuaikan dengan ketentuan yang berlaku dan melebihi            remuneration is adjusted to prevailing provisions and exceeds
standar Upah Minimum yang berlaku di wilayah operasional          the applicable Minimum Wage standards in the Company's
Perusahaan. Remunerasi karyawan diberikan berdasarkan             operational areas. Employee remuneration is provided based                                  5




                                                                                                                                                 Corporate Governance
                                                                                                                                                 Tata Kelola Perusahaan
pengalaman, kompetensi, dan kinerja. Sistem remunerasi            on experience, competency, and performance. The Company's
Perseroan didasarkan pada jenjang jabatan, kompetensi,            remuneration system is based on job level, competency, and
dan penilaian kinerja, tanpa memandang gender. Tidak ada          performance assessment, regardless of gender. There is no
perbedaan remunerasi antara karyawan pria dan wanita              difference in remuneration between male and female
untuk posisi yang sama.                                           employees for the same position.
Evaluasi remunerasi dilakukan secara berkala untuk                Remuneration evaluations are conducted periodically to
memastikan bahwa kompensasi tetap kompetitif dan                  ensure that compensation remains competitive and motivates
memotivasi karyawan. Selain itu, Perseroan melengkapi             employees. In addition, the Company supplements                                             6
kompensasi dengan menyediakan fasilitas perumahan,                compensation by providing housing and transportation                           Sustainability Report
                                                                                                                                                 Laporan Keberlanjutan
transportasi, dan mengikutsertakan seluruh karyawan beserta       facilities, and enrolling all employees and their immediate
keluarga inti dalam program Badan Penyelenggara Jaminan           families in the Social Security Administrator (BPJS) Health
Sosial (BPJS) Kesehatan.                                          program.

KESELAMATAN, KESEHATAN                                            OCCUPATIONAL SAFETY, HEALTH,
KERJA, DAN LINGKUNGAN (K3L)                                       AND ENVIRONMENT (K3L)
Perseroan memiliki panduan umum tentang Keselamatan,              The Company has general guidelines on Occupational Safety,                                    7
                                                                                                                                                 Financial Report
                                                                                                                                                 Laporan Keuangan




Kesehatan Kerja, dan Lingkungan (K3L) dan meyakini bahwa          Health, and Environment (K3L) and believes that a healthy
lingkungan kerja yang sehat dan aman, sesuai dengan               and safe work environment, in accordance with K3 principles,
prinsip-prinsip K3, berkontribusi signifikan terhadap performa    contributes significantly to employee performance. Internal
dan kinerja karyawan. Sosialisasi internal terkait K3 dilakukan   socialization regarding K3 is conducted periodically to ensure
secara berkala untuk memastikan pemahaman dan penerapan           understanding and implementation by all employees.
oleh seluruh karyawan.




                                                                  COMBINED REPORT • PT SHIELD ON SERVICES Tbk                    185
Page 186
 Perseroan secara berkelanjutan meningkatkan upaya penerapan     The Company continuously enhances efforts to implement
 aspek Keselamatan, Kesehatan Kerja, dan Lingkungan (K3L)        Occupational Safety, Health, and Environment (K3L) aspects
 kepada pemangku kepentingan eksternal, seperti mitra kerja      to external stakeholders, such as business partners and third
 dan pihak ketiga yang terlibat dalam kegiatan operasional       parties involved in the Company's operational activities. This
 Perseroan. Hal ini dilakukan untuk memastikan bahwa pihak       is done to ensure that third parties have properly implemented
 ketiga telah melaksanakan aspek K3L dengan benar dalam          K3L aspects in the execution of projects and other work.
 pelaksanaan proyek dan pekerjaan lainnya.
 Dalam menyusun K3L, SOS mengacu pada berbagai peraturan         In compiling K3L, SOS refers to various laws and regulations
 dan perundang-undangan yang mengatur tentang                    governing Occupational Safety and Health, namely:
 Keselamatan dan Kesehatan Kerja, yakni:
     1. Undang-undang No. 1 Tahun 1970 tentang Keselamatan          1.   Law No. 1 of 1970 on Work Safety.
         Kerja.
     2. Undang-undang No. 23 tahun 1992 tentang Kesehatan.          2. Law No. 23 of 1992 on Health.
     3. Undang-undang No.13 Tahun 2003 tentang                      3. Law No.13 of 2003 on Labor.
         Ketenagakerjaan.
     4. Keputusan Presiden No. 22 Tahun 1993 tentang                4. Presidential Decree No. 22 of 1993 on the Diseases
         Penyakit yang Timbul Akibat Hubungan Kerja.                   Arising from Occupational Relationships.
     5. Peraturan Pemerintah No. 50 Tahun 2012 tentang              5. Government Regulation No. 50 of 2012 on the
         Penerapan Sistem Manajemen Keselamatan dan                    Implementation of Occupational Safety and Health
         Kesehatan Kerja.                                              Management Systems.

 KINERJA K3L                                                     K3L PERFORMANCE
 Tidak ada kecelakaan kerja yang menimbulkan dampak              There were no work accidents that resulted in permanent
 cacat permanen atau menimbulkan korban jiwa sepanjang           disabilities or fatalities throughout 2024.
 tahun 2024.

 SERTIFIKASI DI BIDANG K3L                                       K3L CERTIFICATION
      1. Sertifikasi SMK3 - KEMENAKER RI.                           1. SMK3 Certification - KEMENAKER RI.
      2. ISO 45001:2018 OHS Management System.                      2. ISO 45001:2018 OHS Management System.
      3. ISO 14001:2015 Environment Management System.              3. ISO 14001:2015 Environment Management System.



 ASPEK MASYARAKAT                                                COMMUNITY ASPECT
 Perseroan berupaya membangun dan memperkuat hubungan            The Company strives to build and strengthen relationships
 dengan masyarakat, serta memberikan kontribusi dan              with the community, as well as provide contributions and
 manfaat positif bagi komunitas sekitar. Kontribusi Perseroan    positive benefits to the surrounding communities. The
 kepada masyarakat di sekitar kantor dan lokasi kerja, sebagai   Company's contributions to communities around the office
 bagian dari pemangku kepentingan, dilaksanakan melalui          and work locations, as part of its stakeholders, are implemented
 Program Corporate Social Responsibility (CSR). Sebagai          through the Corporate Social Responsibility (CSR) Program.
 wujud tanggung jawab sosial, Perseroan menjalankan              As a manifestation of social responsibility, the Company
 program-program yang bertujuan untuk meningkatkan               carries out programs aimed at increasing positive impacts
 dampak positif bagi masyarakat.                                 on the community.

 Perseroan meyakini bahwa dengan program tanggung jawab          The Company believes that these social responsibility/CSR
 sosial/CSR ini secara tidak langsung dapat berkontribusi        programs can indirectly contribute to Indonesia's growth and
 dalam pertumbuhan dan pembangunan Indonesia. Sepanjang          development. Throughout 2024, the Company conducted
 tahun 2024, Perseroan melakukan CSR dalam bentuk sebagai        CSR in the following forms:
 berikut:




186    COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 187
                                                                                                                                                            1




                                                                                                                                           Financial Summary
                                                                                                                                           Ikhtisar Keuangan
                Tanggal                                 Kegiatan CSR                                Keterangan
                 Date                                   CSR Activities                                 Note
 1 Oktober 2024 | October 1, 2024        Penanaman pohon mangrove di Kawasan                              -
                                         Hutan Lindung Angke Kapuk.
                                         Mangrove Planting Initiative in the Angke Kapuk                                                                 2
                                         Protected Forest Area.




                                                                                                                                           Management Report
                                                                                                                                           Laporan Manajemen
                                                               IMPACT OF OPERATIONS ON
DAMPAK OPERASI TERHADAP
                                                               SURROUNDING COMMUNITIES
MASYARAKAT SEKITAR
Komitmen Perseroan untuk meningkatkan kualitas kehidupan       The Company's commitment to improving the quality of                                      3




                                                                                                                                           Company Profile
                                                                                                                                           Profil Perusahaan
masyarakat melalui alokasi bantuan program CSR memberikan      community life through the allocation of CSR program assistance
dampak kepada masyarakat sekitar dan adanya program            has an impact on the surrounding communities and the
ini mendapatkan respon positif dari masyarakat.                program has received positive response from the community.

Mekanisme pelaksanaan seluruh program kemitraan telah          Mechanism for all partnership programs implementation has
direncanakan secara matang, mulai dari perencanaan,            been carefully planned, starting from planning, implementation,
pelaksanaan, dan evaluasi. Tahap perencanaan meliputi          and evaluation. The planning stage includes an assessment                                4
proses assessment untuk menentukan skala prioritas             process to determine the priority scale of community needs




                                                                                                                                 Discussion and Analysis
                                                                                                                                 Management
                                                                                                                                 Pembahasan Manajemen
                                                                                                                                 Analisis dan
kebutuhan masyarakat dan penilaian potensi dampak yang         and an assessment of the potential impacts arising from
ditimbulkan dari berbagai aktivitas usaha Perseroan.           various Company business activities.

Pelaksanaan program TJSL mengacu pada standar                  Implementation of the CSR program refers to international
internasional dan nilai–nilai utama Perseroan guna menyebar    standards and the Company's core values in order to maximize
kemanfaatan secara maksimal kepada masyarakat.                 benefits to the community.

                                                                                                                                                        5
PENGADUAN MASYARAKAT                                           PUBLIC COMPLAINT




                                                                                                                                           Corporate Governance
                                                                                                                                           Tata Kelola Perusahaan
Perseroan telah mengembangkan mekanisme pengaduan              The Company has developed a complaint mechanism that
yang mencakup isu-isu sosial dan lingkungan di wilayah         covers social and environmental issues in its operational
operasional, yang dapat diakses oleh masyarakat. Perseroan     areas, which is accessible to the public. The Company also
juga mengimplementasikan sistem pelaporan pelanggaran          implements a whistleblowing system. The public can submit
(whistleblowing system). Masyarakat dapat menyampaikan         complaints in writing via email to wbs@sos.co.id. Every
pengaduan secara tertulis melalui email wbs@sos.co.id.         complaint will be verified by the relevant division. Throughout
Setiap pengaduan akan diverifikasi oleh divisi terkait.        2024, the Company did not receive any complaints from the                                6
Sepanjang tahun 2024, Perseroan tidak menerima keluhan         public regarding violations of ethics, integrity, norms,                    Sustainability Report
                                                                                                                                           Laporan Keberlanjutan
dari masyarakat mengenai pelanggaran etika, integritas,        regulations, or actions that damage the environment, and
norma-norma, peraturan, atau tindakan yang merusak             others.
lingkungan hidup, dan lain-lain.




                                                                                                                                                          7
                                                                                                                                           Financial Report
                                                                                                                                           Laporan Keuangan




                                                               COMBINED REPORT • PT SHIELD ON SERVICES Tbk                 187
Page 188
188   COMBINED REPORT • PT SHIELD ON SERVICES Tbk
Page 189
COMBINED REPORT • PT SHIELD ON SERVICES Tbk   189
Page 190

          
Page 191
PT Shield On Service Tbk
dan Entitas Anak/and Subsidiaries
Laporan Keuangan Konsolidasian/
Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir
31 Desember 2024 dan 2023/
For the Years Ended
December 31, 2024 and 2023
Page 192
PT SHIELD ON SERVICE TBK DAN ENTITAS ANAK/AND SUBSIDIARIES
DAFTAR ISI/TABLE OF CONTENTS


                                                                                              Halaman/
                                                                                                Page

Laporan Auditor Independen/Independent Auditors’ Report

Surat Pernyataan Direksi/Board of Directors’ Statement

LAPORAN KEUANGAN KONSOLIDASIAN - Untuk Tahun-tahun yang Berakhir 31 Desember
   2024 dan 2023/
CONSOLIDATED FINANCIAL STATEMENTS - For the Years Ended December 31, 2024 and
   2023

    Laporan Posisi Keuangan Konsolidasian/Consolidated Statements of Financial Position………      1-2

    Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian/Consolidated
       Statements of Profit or Loss and Other Comprehensive Income………………………………                  3-4

    Laporan Perubahan Ekuitas Konsolidasian/Consolidated Statements of Changes in Equity…..      5

    Laporan Arus Kas Konsolidasian/Consolidated Statements of Cash Flows………………………                6

    Catatan atas Laporan Keuangan Konsolidasian/Notes to the Consolidated Financial
        Statements………………………………………………………………………………………......                                       7-65

    Lampiran I-V/Attachment I-V……………………………………………………………………………                                   66-70
Page 193

          
Page 194

          
Page 195

          
Page 196

          
Page 197

          
Page 198

          
Page 199
PT SHIELD ON SERVICE TBK                                                                                     PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                                       AND SUBSIDIARIES
Laporan Posisi Keuangan Konsolidasian                                                        Consolidated Statements of Financial Position
31 Desember 2024 dan 2023                                                                                     December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                                     (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                                          unless otherwise stated)




                                                                    Catatan/
                                                      2024           Notes                    2023*)

ASET                                                                                                             ASSETS

ASET LANCAR                                                                                                      CURRENT ASSETS
Kas dan setara kas                                 51.712.070.094      5                   86.167.363.112        Cash and cash equivalents
Piutang usaha - neto                                                                                             Trade receivables - net
  Pihak ketiga                                    232.170.504.371      6                 198.379.206.233            Third parties
Piutang lain-lain                                                                                                Other receivables
  Pihak berelasi                                    1.478.878.826      26                               -           Related party
  Pihak ketiga                                         19.945.981                              20.161.508           Third parties
Persediaan                                          7.014.093.271      7                    7.563.274.350        Inventories
Uang muka dan biaya                                                                                              Advances and prepaid
  dibayar dimuka                                    3.398.255.917                           3.541.735.508           expenses
Pajak dibayar dimuka                                4.111.988.864      12                     508.969.119        Prepaid tax
Pendapatan yang
  masih harus diterima                            102.100.587.997      8                 122.522.981.253         Accrued revenue
Deposito berjangka yang
  dibatasi penggunaannya                            2.443.300.000      32                                    -   Restricted time deposit

TOTAL ASET LANCAR                                 404.449.625.321                        418.703.691.083         TOTAL CURRENT ASSETS

ASET TIDAK LANCAR                                                                                                NON-CURRENT ASSETS
Taksiran tagihan pajak                                                                                           Estimated claims for income
  penghasilan                                      16.862.690.284      12                  16.563.041.935           tax refund
Aset pajak tangguhan - neto                         1.200.381.873      12                   1.465.997.268        Deferred tax assets - net
Aset tetap - neto                                  17.918.855.244       9                  16.800.212.367        Fixed assets - net
Aset hak guna - neto                                6.099.945.699      10                   2.398.469.273        Right-of-use assets - net
Aset takberwujud - neto                             1.636.632.026                                       -        Intangible assets - net
Aset lain-lain                                      5.834.222.834      11                   5.180.908.310        Other assets

TOTAL ASET TIDAK LANCAR                            49.552.727.960                          42.408.629.153        TOTAL NON-CURRENT ASSETS

TOTAL ASET                                        454.002.353.281                        461.112.320.236         TOTAL ASSETS


*)                                                                                 *)
     Setelah direklasifikasi, lihat Catatan 31.                                         As reclassified, refer to Note 31.




Lihat catatan atas laporan keuangan konsolidasian yang                            See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                              statements which are an integral part of the consolidated
keuangan konsolidasian.                                                           financial statements.

                                                                            -1-
Page 200
PT SHIELD ON SERVICE TBK                                                                  PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
Laporan Posisi Keuangan Konsolidasian                                     Consolidated Statements of Financial Position
31 Desember 2024 dan 2023                                                                  December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                  (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                       unless otherwise stated)




                                                         Catatan/
                                         2024             Notes             2023
LIABILITAS DAN EKUITAS                                                                      LIABILITIES AND EQUITY

LIABILITAS                                                                                  LIABILITIES

LIABILITAS JANGKA PENDEK                                                                    CURRENT LIABILITIES
Utang bank jangka pendek             59.298.713.376         13           95.251.151.826     Short-term bank loans
Utang usaha - pihak ketiga           14.747.000.788         14            9.578.590.901     Trade payables - third parties
Utang lain-lain - pihak ketiga        2.827.496.899         15            6.280.879.056     Other payables - third parties
Utang pajak                          18.526.794.151         12           13.399.729.639     Taxes payable
Liabilitas yang masih
   harus dibayar                     48.259.385.346         16           35.011.676.727     Accrued liabilities
Uang muka pelanggan                               -                          48.278.074     Advance from customers
Liabilitas jangka panjang yang
   jatuh tempo dalam waktu                                                                  Current maturities of
   satu tahun:                                                                                long-term liabilities:
   Utang pembiayaan konsumen             686.480.016        17              827.074.722       Consumer financing payables
   Liabilitas sewa                     3.992.541.324        10              521.528.202       Lease liabilities

TOTAL LIABILITAS
  JANGKA PENDEK                     148.338.411.900                     160.918.909.147     TOTAL CURRENT LIABILITIES
LIABILITAS JANGKA PANJANG                                                                   NON-CURRENT LIABILITIES
Liabilitas jangka panjang setelah
   dikurangi bagian yang jatuh                                                              Long-term liabilities - net of
   tempo dalam waktu satu tahun:                                                              current maturities:
   Utang pembiayaan konsumen            117.477.370         17              803.957.353       Consumer financing payables
   Liabilitas sewa                      368.120.744         10                        -       Lease liabilities
Liabilitas pajak tangguhan              102.597.390         12                        -     Deferred tax liabilities
Estimasi liabilitas imbalan                                                                 Estimated liabilities for
   kerja karyawan                      5.749.013.442        18            5.133.575.154       employees' benefit

TOTAL LIABILITAS                                                                            TOTAL NON-CURRENT
  JANGKA PANJANG                       6.337.208.946                      5.937.532.507       LIABILITIES
TOTAL LIABILITAS                    154.675.620.846                     166.856.441.654     TOTAL LIABILITIES

EKUITAS                                                                                     EQUITY

EKUITAS YANG DAPAT                                                                       EQUITY ATTRIBUTABLE TO
  DIATRIBUSIKAN KEPADA                                                                      OWNERS OF THE PARENT
  PEMILIK ENTITAS INDUK                                                                     ENTITY
Modal saham - nilai nominal                                                              Share capital - par value of
  Rp100 per saham                                                                           Rp100 per share
Modal dasar - 2.000.000.000                                                              Authorized - 2,000,000,000
  saham                                                                                     shares
Modal ditempatkan dan disetor                                                            Issued and fully paid -
  penuh - 799.414.231 saham          79.941.423.100         19           79.941.423.100     799,414,231 shares
Tambahan modal disetor - neto        48.616.264.012          4           48.616.264.012 Additional paid-in capital - net
Kerugian aktuarial atas                                                                  Actuarial losses on
  imbalan kerja - neto                 (665.848.684)                     (1.266.270.358)    employee benefits - net
Saldo laba                          134.549.893.699                     136.857.092.848 Retained earnings

Ekuitas neto yang dapat                                                                     Net equity attributable
  diatribusikan kepada                                                                        to the owners of the
  pemilik entitas induk             262.441.732.127                     264.148.509.602       parent entity
Kepentingan non-pengendali           36.885.000.308         20           30.107.368.980     Non-controlling interests

TOTAL EKUITAS                       299.326.732.435                     294.255.878.582     TOTAL EQUITY

TOTAL LIABILITAS
  DAN EKUITAS                       454.002.353.281                     461.112.320.236     TOTAL LIABILITIES AND EQUITY




Lihat catatan atas laporan keuangan konsolidasian yang              See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                statements which are an integral part of the consolidated
keuangan konsolidasian.                                             financial statements.

                                                              -2-
Page 201
PT SHIELD ON SERVICE TBK                                                                                       PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                                         AND SUBSIDIARIES
Laporan Laba Rugi dan Penghasilan                                                                  Consolidated Statements of Profit or Loss
Komprehensif Lain Konsolidasian                                                                           and Other Comprehensive Income
Untuk Tahun-tahun yang Berakhir                                                                                         For the Years Ended
31 Desember 2024 dan 2023                                                                                       December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                                       (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                                            unless otherwise stated)




                                                                       Catatan/
                                                        2024            Notes                 2023*)

PENDAPATAN NETO                                   1.870.248.720.441       21        1.780.352.921.109            NET REVENUES

BEBAN POKOK PENDAPATAN                            1.713.216.663.140       22        1.607.074.808.327            COST OF REVENUES

LABA BRUTO                                         157.032.057.301                       173.278.112.782         GROSS PROFIT

BEBAN OPERASIONAL                                                         23                                     OPERATING EXPENSES
Umum dan administrasi                              134.338.731.288                       130.382.222.227         General and administrative
Pemasaran                                              277.501.701                           354.766.230         Marketing

Total Beban Operasional                            134.616.232.989                       130.736.988.457         Total Operating Expenses

LABA OPERASIONAL                                    22.415.824.312                         42.541.124.325        OPERATING INCOME

PENGHASILAN (BEBAN)                                                                                        OTHER INCOME
  LAIN-LAIN                                                                                                   (EXPENSES)
Penghasilan keuangan                                    968.053.060                           778.055.675 Financing income
Beban keuangan                                      (11.995.013.794)      24              (13.358.308.329) Financing costs
Lain-lain - neto                                     18.527.323.517       25               19.236.646.639 Others - net

Penghasilan lain-lain - neto                         7.500.362.783                          6.656.393.985        Other income - net

LABA SEBELUM MANFAAT                                                                                             INCOME BEFORE
  (BEBAN) PAJAK                                                                                                    INCOME TAX BENEFIT
  PENGHASILAN                                       29.916.187.095                         49.197.518.310          (EXPENSE)

MANFAAT (BEBAN)                                                                                            INCOME TAX
  PAJAK PENGHASILAN                                                       12                                 BENEFIT (EXPENSE)
Kini                                                                                                       Current
  Tahun berjalan                                    (15.006.797.056)                      (15.176.921.178)   Current year
  Tahun sebelumnya                                   (2.514.986.986)                                    -    Prior year
Tangguhan                                              (139.675.488)                          531.057.812 Deferred

Beban Pajak - Neto                                  (17.661.459.530)                      (14.645.863.366) Tax Expenses - Net

LABA TAHUN BERJALAN                                 12.254.727.565                         34.551.654.944        INCOME FOR THE YEAR

PENGHASILAN                                                                                                OTHER COMPREHENSIVE
  KOMPREHENSIF LAIN                                                                                           INCOME
Pos yang tidak akan                                                                                        Items that will not be reclassified
  direklasifikasikan ke laba rugi:                                                                            to profit or loss:
  Pengukuran kembali liabilitas                                                                               Remeasurement of employee
     imbalan kerja                                   1.038.805.895        18                  944.846.376        benefit liabilities
  Beban pajak terkait                                 (228.537.297)       12                 (207.866.203)    Related income tax

PENGHASILAN KOMPREHENSIF                                                                                         OTHER COMPREHENSIVE
  LAIN TAHUN BERJALAN -                                                                                            INCOME FOR THE YEAR
  SETELAH PAJAK                                        810.268.598                            736.980.173          - NET OF TAX

TOTAL LABA KOMPREHENSIF                                                                                          TOTAL COMPREHENSIVE
  TAHUN BERJALAN                                    13.064.996.163                         35.288.635.117          INCOME FOR THE YEAR


*)                                                                                 *)
     Setelah direklasifikasi, lihat Catatan 31.                                         As reclassified, refer to Note 31.




Lihat catatan atas laporan keuangan konsolidasian yang                            See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                              statements which are an integral part of the consolidated
keuangan konsolidasian.                                                           financial statements.

                                                                            -3-
Page 202
PT SHIELD ON SERVICE TBK                                                                    PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                      AND SUBSIDIARIES
Laporan Laba Rugi dan Penghasilan                                               Consolidated Statements of Profit or Loss
Komprehensif Lain Konsolidasian                                                        and Other Comprehensive Income
Untuk Tahun-tahun yang Berakhir                                                                      For the Years Ended
31 Desember 2024 dan 2023                                                                    December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                    (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                         unless otherwise stated)




                                                         Catatan/
                                         2024             Notes             2023

LABA TAHUN BERJALAN
  YANG DAPAT                                                                                INCOME FOR THE YEAR
  DIATRIBUSIKAN KEPADA:                                                                       ATTRIBUTABLE TO:
Pemilik entitas induk                  5.686.943.161                     27.618.497.085     Owners of the parent entity
Kepentingan non-pengendali             6.567.784.404                      6.933.157.859     Non-controlling interests

TOTAL                                12.254.727.565                      34.551.654.944     TOTAL

TOTAL LABA KOMPREHENSIF
  TAHUN BERJALAN YANG                                                                       TOTAL COMPREHENSIVE
  DAPAT DIATRIBUSIKAN                                                                         INCOME FOR THE YEAR
  KEPADA:                                                                                     ATTRIBUTABLE TO:
Pemilik entitas induk                  6.287.364.835                     28.224.622.034     Owners of the parent entity
Kepentingan non-pengendali             6.777.631.328                      7.064.013.083     Non-controlling interests

TOTAL                                13.064.996.163                      35.288.635.117     TOTAL

LABA PER SAHAM YANG
  DAPAT DIATRIBUSIKAN                                                                       EARNINGS PER SHARE
  KEPADA PEMILIK                                                                               ATTRIBUTABLE TO OWNERS
  ENTITAS INDUK:                                            30                                 OF THE PARENT ENTITY:
Saham dasar                                     7,11                               47,00    Basic
Saham dilusian                                      -                              46,98    Diluted




Lihat catatan atas laporan keuangan konsolidasian yang              See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                statements which are an integral part of the consolidated
keuangan konsolidasian.                                             financial statements.

                                                              -4-
Page 203
PT SHIELD ON SERVICE TBK DAN ENTITAS ANAK                                                                                             PT SHIELD ON SERVICE TBK AND SUBSIDIARIES
Laporan Perubahan Ekuitas Konsolidasian                                                                                                   Consolidated Statements of Changes in Equity
Untuk Tahun-tahun yang Berakhir 31 Desember 2024 dan 2023                                                                              For the Years Ended December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah, kecuali dinyatakan lain)                                                                 (Figures are presented in Rupiah, unless otherwise stated)



                                                                              Ekuitas Neto yang Dapat Diatribusikan kepada Pemilik Entitas Induk/
                                                                                    Net Equity Attributable to the Owners of the Parent Entity

                                                      Modal Saham                           Kerugian Aktuarial
                                                     Ditempatkan dan                          atas Imbalan
                                                      Disetor Penuh/   Tambahan Modal          Kerja - Neto/                                                   Kepentingan
                                                      Share Capital     Disetor - Neto/      Actuarial Losses       Saldo Laba/                               Non-Pengendali/
                                          Catatan/      Issued and     Additional Paid-In     on Employee            Retained               Total/            Non-Controlling       Total Ekuitas/
                                           Notes         Fully Paid      Capital - Net        Benefits - Net         Earnings               Total                Interests           Total Equity

Saldo pada tanggal 1 Januari 2023/
Balance as at January 1, 2023                         66.369.431.600      16.043.484.412       (1.872.395.307)     109.238.595.763       189.779.116.468         23.043.355.897      212.822.472.365

Laba tahun berjalan/
Income for the year                                                -                    -                   -       27.618.497.085        27.618.497.085          6.933.157.859       34.551.654.944

Penghasilan komprehensif lain/
Other comprehensive income                                         -                    -         606.124.949                     -          606.124.949            130.855.224          736.980.173

Total laba komprehensif tahun berjalan/
Total comprehensive income for the year                            -                    -         606.124.949       27.618.497.085        28.224.622.034          7.064.013.083       35.288.635.117

Tambahan modal disetor/
Additional paid-in capital                  19        13.571.991.500      32.572.779.600                    -                     -       46.144.771.100                        -     46.144.771.100

Saldo pada tanggal 31 Desember 2023/
Balance as at December 31, 2023                       79.941.423.100      48.616.264.012       (1.266.270.358)     136.857.092.848       264.148.509.602         30.107.368.980      294.255.878.582

Laba tahun berjalan/
Income for the year                                                -                    -                   -        5.686.943.161         5.686.943.161          6.567.784.404       12.254.727.565

Penghasilan komprehensif lain/
Other comprehensive income                                         -                    -         600.421.674                     -          600.421.674            209.846.924          810.268.598

Total laba komprehensif tahun berjalan/
Total comprehensive income for the year                            -                    -         600.421.674        5.686.943.161         6.287.364.835          6.777.631.328       13.064.996.163

Dividen tunai/
Cash dividend                               19                     -                    -                   -        (7.994.142.310)       (7.994.142.310 )                     -      (7.994.142.310)

Saldo pada tanggal 31 Desember 2024/
Balance as at December 31, 2024                       79.941.423.100      48.616.264.012         (665.848.684)     134.549.893.699       262.441.732.127         36.885.000.308      299.326.732.435




Lihat catatan atas laporan keuangan konsolidasian yang merupakan bagian yang tidak                         See accompanying notes to the consolidated financial statements which are an integral
terpisahkan dari laporan keuangan konsolidasian.                                                           part of the consolidated financial statements.

                                                                                               -5-
Page 204
PT SHIELD ON SERVICE TBK                                                                       PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                        AND SUBSIDIARIES
Laporan Arus Kas Konsolidasian                                                       Consolidated Statements of Cash Flows
Untuk Tahun-tahun yang Berakhir                                                                        For the Years Ended
31 Desember 2024 dan 2023                                                                       December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                      (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                           unless otherwise stated)




                                                         Catatan/
                                         2024             Notes               2023

ARUS KAS DARI                                                                              CASH FLOWS FROM
  AKTIVITAS OPERASI                                                                          OPERATING ACTIVITIES
Penerimaan dari pelanggan         1.856.831.537.485                     1.703.424.690.429 Receipt from customers
Penerimaan tagihan                                                                         Receipt from claims for
  pajak penghasilan                    6.639.315.881       12                           -    income tax refund
Penerimaan bunga                         968.053.060                                    - Interest received
Pembayaran kepada pemasok,                                                                 Payments to suppliers, employees
  karyawan dan beban operasi      (1.802.253.656.385)                  (1.702.991.788.351)   and operating expenses
Pembayaran pajak                     (24.006.224.238)                     (15.116.984.011) Payments of tax
Pembayaran bunga dan                                                                       Payments of interest and
  beban keuangan                     (11.980.445.881)                     (13.375.880.699)   financing costs
Penerimaan kas lain-lain                           -                       14.882.120.888 Other cash receipt

Kas neto yang diperoleh
  dari (digunakan untuk)                                                                      Net cash provided by
  aktivitas operasi                  26.198.579.922                       (13.177.841.744)      (used in) operating activities

ARUS KAS DARI                                                                              CASH FLOWS FROM
  AKTIVITAS INVESTASI                                                                        INVESTING ACTIVITIES
Penerimaan dari                                                                            Proceeds from sales
  penjualan aset tetap                 1.712.639.638        9                 852.180.678    of fixed assets
Penambahan aset tetap                 (7.883.721.440)       9              (6.017.076.003) Addition of fixed assets
Penambahan aset takberwujud           (1.775.670.000)                                   - Addition of intangible assets
Penambahan aset hak guna                           -       33              (4.517.813.007) Addition of right-of-use assets

Kas neto yang digunakan                                                                       Net cash used in
  untuk aktivitas investasi           (7.946.751.802)                      (9.682.708.332)      investing activities

ARUS KAS DARI                                                                              CASH FLOWS FROM
  AKTIVITAS PENDANAAN                                                                         FINANCING ACTIVITIES
Kenaikan (penurunan) utang                                                                 Increase (decrease) in
  bank jangka pendek - neto          (35.952.438.450)                      25.580.801.427     short-term bank loans - net
Pembayaran dividen kas                (7.994.142.310)      19                           - Payments of cash dividend
Pembayaran liabilitas sewa            (5.490.165.689)      33              (2.817.453.223) Payments of lease liabilities
Kenaikan deposito berjangka                                                                Increase of restricted
  yang dibatasi penggunaannya         (2.443.300.000)      32                           -     time deposit
Pembayaran utang pembiayaan                                                                Payments of long-term
  konsumen jangka panjang               (827.074.689)      33              (7.701.376.666)    consumer financing payables
Penerimaan setoran modal                                                                   Proceeds of paid-in capital
  dari pemegang saham                               -                      46.144.771.100     from shareholder
Kenaikan utang pembiayaan                                                                  Increase of long-term
  jangka panjang                                    -                         495.351.997     financing payables

Kas neto yang diperoleh
  dari (digunakan untuk)                                                                      Net cash provided by
  aktivitas pendanaan                (52.707.121.138)                      61.702.094.635       (used in) financing activities

KENAIKAN (PENURUNAN)                                                                          NET INCREASE (DECREASE)
  NETO KAS DAN                                                                                  IN CASH AND
  SETARA KAS                         (34.455.293.018)                      38.841.544.559       CASH EQUIVALENTS

KAS DAN SETARA KAS                                                                            CASH AND CASH EQUIVALENTS
  PADA AWAL TAHUN                    86.167.363.112                        47.325.818.553       AT BEGINNING OF YEAR

KAS DAN SETARA KAS                                                                            CASH AND CASH EQUIVALENTS
  PADA AKHIR TAHUN                   51.712.070.094         5              86.167.363.112       AT END OF YEAR




Lihat catatan atas laporan keuangan konsolidasian yang                See accompanying notes to the consolidated financial
merupakan bagian yang tidak terpisahkan dari laporan                  statements which are an integral part of the consolidated
keuangan konsolidasian.                                               financial statements.

                                                                -6-
Page 205
PT SHIELD ON SERVICE TBK                                                                PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2024 dan 2023                                                                December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                     unless otherwise stated)


1.   Umum                                                        1.   General

     a.   Pendirian Perusahaan dan Informasi Umum                     a.   The Company’s Establishment and General
                                                                           Information

          PT Shield On Service Tbk ("Perusahaan")                          PT Shield On Service Tbk (the “Company”)
          didirikan berdasarkan Akta Notaris Veronica                      was established based on Notarial Deed
          Lily Dharma, S.H., No. 6 pada tanggal                            No. 6 dated August 5, 2004 of Veronica Lily
          5 Agustus 2004. Akta pendirian tersebut telah                    Dharma, S.H. The Deed of Establishment was
          disahkan oleh Menteri Hukum dan Hak Asasi                        approved by the Minister of Law and Human
          Manusia Republik Indonesia dalam Surat                           Rights of the Republic of Indonesia in his
          Keputusan No. C-30035HT.01.01.TH.2004                            Decision Letter No. C-30035HT.01.01.TH.2004
          tanggal 13 Desember 2004. Anggaran Dasar                         dated December 13, 2004. The Company’s
          Perusahaan telah mengalami beberapa kali                         Articles of Association have been amended
          perubahan, yang terakhir dengan Akta Notaris                     several times, most recently by Notarial Deed
          Dr. Sugih Haryati, S.H., M.Kn., No. 21 tanggal                   No. 21 of Dr. Sugih Haryati, S.H., M.Kn., dated
          5 Oktober 2023 sehubungan dengan                                 October 5, 2023, in connection with increase in
          peningkatan modal ditempatkan dan disetor                        the Company’s issued and paid-up capital. The
          Perusahaan. Akta perubahan tersebut telah                        amendment deed has been reported and
          dilaporkan dan diterima oleh Kementerian                         accepted by the Ministry of Law and
          Hukum dan Hak Asasi Manusia Republik                             Human Rights of the Republic of Indonesia
          Indonesia dalam Surat Penerimaan No. AHU-                        in Acceptance Letter No. AHU-AH.01.03-
          AH.01.03-0127820 tanggal 11 Oktober 2023.                        0127820 dated October 11, 2023.

          Sesuai dengan Pasal 3 dari Anggaran Dasar,                       In accordance with Article 3 of the Company's
          maksud     dan     tujuan    kegiatan   usaha                    Articles of Association, the Company's
          Perusahaan adalah menjalankan usaha di                           objective and main business activities is to
          bidang     aktivitas     keamanan     swasta,                    engage in business private security activities,
          penyediaan tenaga kerja waktu tertentu,                          provision of contractual time labor, provision of
          penyediaan sumber daya manusia dan jasa                          human resources and human resource
          manajemen sumber daya manusia untuk                              management        services      for    employers,
          pemberi     kerja,     kegiatan    pengerjaan,                   landscaping workmanship, maintenance and
          perawatan dan pemeliharaan pertamanan,                           upkeep activities, activities of exterior cleaning
          kegiatan penyedia jasa pembersihan eksterior                     service providers of all types of buildings,
          dari semua jenis bangunan, penyedia                              combined providers of facilities support
          gabungan jasa penunjang fasilitas, kebersihan                    services, general cleaning of buildings, and
          umum bangunan, dan perparkiran di luar                           offstreet parking. Currently, the Company is
          badan jalan. Saat ini, Perusahaan bergerak                       engaged in security, cleaning, labor providers
          dalam bisnis bidang jasa keamanan,                               and parking management services.
          kebersihan, penyedia tenaga kerja dan jasa
          manajemen parkir.

          Kantor pusat Perusahaan berlokasi di Gedung                      The Company’s head office is located at Graha
          Graha Dinamika lantai 3, Jl. Tanah Abang II,                     Dinamika Building, 3rd floor, Jl. Tanah Abang
          Petojo Selatan, Gambir, Jakarta Pusat.                           II, Petojo Selatan, Gambir, Jakarta Pusat.

          Perusahaan      mulai    beroperasi  secara                      The Company started its commercial
          komersial pada tahun 2004. Pemegang saham                        operations in 2004. The ultimate controlling
          pengendali utama Perusahaan adalah Sohgo                         shareholder of the Company is Sohgo Security
          Security Services Co., Ltd., (ALSOK) melalui                     Services Co., Ltd., (ALSOK) through its
          kepemilikan sahamnya di PT Alsok Bass                            ownership in PT Alsok Bass Indonesia
          Indonesia Security Services.                                     Security Services.

     b.   Penawaran Saham Umum Perusahaan                             b.   Public Offering of the Company’s Shares

          Pada tanggal 25 Oktober 2018, Perusahaan                         On October 25, 2018, the Company obtained
          memperoleh    surat   pernyataan   efektif                       an effective statement letter No. S-151/D.04/
          No. S-151/D.04/2018 dari Otoritas Jasa                           2018 from the Financial Services Authority
          Keuangan (OJK) untuk melakukan penawaran                         (OJK) to conduct a public offering of its shares
          umum saham kepada masyarakat sebanyak                            to the public of 150,000,000 shares or 23% of
          150.000.000 saham atau sebanyak 23% dari                         the total issued and fully paid with a nominal
          jumlah saham yang ditempatkan dan disetor                        value of Rp100 per share with offering



                                                           -7-
Page 206
PT SHIELD ON SERVICE TBK                                                              PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2024 dan 2023                                                              December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                              (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                   unless otherwise stated)


        penuh dengan nilai nominal Rp100 per saham                     price of Rp275 per share and accompanied
        dengan harga penawaran Rp275 per saham                         by the issuance of Warrant Series I of
        disertai dengan penerbitan Waran Seri I                        150,000,000 as an incentive with a nominal
        sebanyak 150.000.000 saham yang diberikan                      value of Rp100 per share with an exercise
        secara cuma-cuma dengan nilai nominal                          price of Rp340 per share. The excess of the
        Rp100     setiap   saham     dengan   harga                    share offering price over the par value per
        pelaksanaan Rp340 setiap saham. Selisih                        share was recognized as “Additional Paid-in
        lebih antara harga penawaran per saham                         Capital” after deducting shares issuance cost,
        dengan nilai nominal per saham dicatat                         which is presented under the equity section of
        sebagai “Tambahan Modal Disetor” setelah                       the consolidated statement of financial
        dikurangi biaya emisi saham, yang disajikan                    position. Period of execution of warrants which
        pada bagian ekuitas pada laporan posisi                        began on May 6, 2019 until November 6, 2023.
        keuangan konsolidasian. Masa pelaksanaan                       Each holder of one new share of the Company
        waran yaitu mulai tanggal 6 Mei 2019 sampai                    has the right to buy one warrant. If the warrants
        dengan 6 November 2023. Setiap pemegang                        are not executed until the validity period
        satu saham baru Perusahaan berhak membeli                      expires, then, these warrants were obsolete.
        satu waran. Bila waran tidak dilaksanakan
        sampai masa berlakunya habis, maka waran
        tersebut menjadi kadaluarsa.

        Berdasarkan surat pengumuman pencatatan                        Based on the announcement letter of listing
        dari Bursa Efek Indonesia No.S-06404/                          from   the   Indonesia   Stock   Exchange
        BEI.PP1/10-2018,    Perusahaan   mencatat                      No. S-06404/BEI.PP1/10-2018, the Company
        seluruh sahamnya sebanyak 650.000.000                          recorded all of its 650,000,000 shares on
        saham pada tanggal 6 November 2018.                            November 6, 2018.

   c.   Dewan Komisaris, Direksi, Komite Audit                    c.   Boards of Commissioners, Directors, Audit
        dan Karyawan                                                   Committee and Employees

        Pada tanggal 31 Desember 2024 dan 2023,                        As at 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:

        Dewan Komisaris                                                            :   Board of Commissioners
        Komisaris Utama            :               Motohisa Suzuki                 :   President Commissioner
        Komisaris                  :                 Maya Osaki                    :   Commissioner
        Komisaris                  :               Herman Julianto                 :   Commissioner
        Komisaris Independen       :                Azusa Mihara                   :   Independent Commissioner
        Komisaris Independen       :             Supratman Gunawan                 :   Independent Commissioner

        Direksi                                                                        Board of Directors
        Direktur Utama             :                 Hiroshi Iwai                  :   President Director
        Direktur                   :               Akira Kawamura                  :   Director
        Direktur                   :               Ryoji Hamasaki                  :   Director
        Direktur                   :                Djono Karjadi                  :   Director

        Susunan Komite Audit Perusahaan pada                           The composition of the Company’s Audit
        tanggal 31 Desember 2024 dan 2023 adalah                       Committee as at December 31, 2024 and 2023
        sebagai berikut:                                               is as follows:

                                            2024                        2023
        Komite Audit                                                                   Audit Commitee
        Ketua                  :       Azusa Mihara                     Azusa Mihara : Chairman
        Anggota                :       Fransiska Wan Wan          Fransiska Wan Wan : Member
        Anggota                :       Achmad Andru          Vicky Bernhard Longdong : Member

        Pada tanggal 31 Desember 2024 dan 2023,                        As at December 31, 2024 and 2023,
        Perusahaan dan Entitas Anak memiliki                           the Company and Subsidiaries has a total of
        masing-masing sejumlah 450 dan 20                              450 and 20 permanent employees (unaudited),
        karyawan tetap (tidak diaudit). Sedangkan,                     respectively. Meanwhile, the number of non-
        jumlah karyawan tidak tetap masing-masing                      permanent employees was 24,731 and 25,847
        sejumlah 24.731 dan 25.847 karyawan (tidak                     employees (unaudited), respectively.
        diaudit).


                                                           -8-
Page 207
PT SHIELD ON SERVICE TBK                                                                                   PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                                     AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                              Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                     For the Years Ended
31 Desember 2024 dan 2023                                                                                   December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                                   (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                                        unless otherwise stated)


        Jumlah kompensasi yang dibayarkan kepada                                                Total    compensation     benefits paid to
        Dewan Komisaris dan Direksi Perusahaan                                                  the Company’s Boards of Commissioners and
        untuk tahun yang berakhir pada tanggal-                                                 Directors for the years ended December 31,
        tanggal 31 Desember 2024 dan 2023 adalah                                                2024 and 2023, are as follows:
        sebagai berikut:

                                                                 2024                    2023

        Gaji dan tunjangan                                  6.541.291.699            9.650.791.210 Salaries and allowances



   d.   Entitas Anak                                                                     d.     The Subsidiaries

        Pada tanggal 31 Desember 2024 dan 2023,                                                  As at December 31, 2024 and 2023, the
        komposisi entitas anak Perusahaan yang                                                   composition of the Company’s subsidiaries
        dikonsolidasikan adalah sebagai berikut:                                                 which were consolidated, are as follows:
                                                                              Tahun
                                                                           beroperasi
                                                                              secara
                                                                            komersial/        Persentase kepemilikan/       Total aset sebelum eliminasi/
                                                       Jenis Usaha/          Start of         Percentage of ownership      Total assets before elimination
              Entitas Anak/           Domisili/            Nature          commercial
              Subsidiaries            Domicile          of business         operation           2024         2023            2024                  2023

        Kepemilikan langsung/
        Direct ownership

        PT The Service Line              Jakarta      Jasa Kebersihan/
                                                      Cleaning Services           2007          99,99%        99,99%     87.762.727.114      100.085.290.713

        PT Professional Human
           Resources (PHR)               Jakarta    Jasa Penyedia SDM/
                                                      Human Resources
                                                               Provider           2007          80,00%        80,00%     24.310.597.670       27.287.253.013

        PT Human Resources
           Provider                      Jakarta    Jasa Penyedia SDM/
                                                      Human Resources
                                                               Provider           2009          51,52%        51,52%    204.169.896.880      170.145.191.237

        PT Master Parking Indonesia      Jakarta            Jasa Parkir/
                                                       Parking Services           2009          99,94%        99,94%     20.524.867.608       13.571.604.844

        PT Safe Secured Solution         Jakarta    Jasa Penyedia SDM/
                                                      Human Resources
                                                               Provider           2009          99,47%        99,47%      8.609.191.954        7.690.025.194

        PT SOS Indonesia                 Jakarta       Jasa Manajemen
                                                          lainnya/Other
                                                   Management Services            2009          99,97%        99,97%      6.443.807.913        8.084.322.013
        Kepemilikan tidak
           langsung melalui PHR/
        Indirect ownership
           through PHR
        PT Human Resources Solution      Jakarta    Jasa Penyedia SDM/
                                                      Human Resources
                                                               Provider           2009          80,00%        80,00%      5.577.206.346        6.176.044.248




   e.   Penyelesaian                  Laporan            Keuangan                        e.     Completion of the Consolidated Financial
        Konsolidasian                                                                           Statements

        Laporan keuangan konsolidasian Perusahaan                                                The     consolidated    financial  statements
        dan Entitas Anaknya (“Grup”) pada tanggal                                                of the Company and its Subsidiaries
        31 Desember 2024 dan untuk tahun yang                                                    (the “Group”) as at December 31, 2024 and for
        berakhir   pada tanggal tersebut          telah                                          the year then ended were completed and
        diselesaikan dan diotorisasi untuk terbit pada                                           authorized for issuance on March 27, 2025 by
        tanggal 27 Maret 2025 oleh Direksi                                                       the Company’s Board of Directors who are
        Perusahaan yang bertanggung jawab atas                                                   responsible     for  the    preparation  and
        penyusunan dan penyajian laporan keuangan                                                presentation of the consolidated financial
        konsolidasian tersebut.                                                                  statements.




                                                                           -9-
Page 208
PT SHIELD ON SERVICE TBK                                                                    PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                      AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                               Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                      For the Years Ended
31 Desember 2024 dan 2023                                                                    December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                    (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                         unless otherwise stated)


2.   Informasi Kebijakan Akuntansi Material                          2.   Material Accounting Policy Information                General

     a.   Dasar Penyusunan dan Penyajian Laporan                          a.   Basis of Preparation and Presentation of
          Keuangan Konsolidasian                                               Consolidated Financial Statements

          Laporan keuangan konsolidasian telah disusun                         The consolidated financial statements have
          dan disajikan sesuai dengan Standar                                  been prepared and presented in accordance
          Akuntansi Keuangan (“SAK”) yang mencakup                             with    Indonesian    Financial     Accounting
          Pernyataan Standar Akuntansi Keuangan                                Standards (“SAK”), which comprise the
          (“PSAK”) dan Interpretasi Standar Akuntansi                          Statements of Financial Accounting Standards
          Keuangan (“ISAK”) yang diterbitkan oleh                              (“PSAK”) and Interpretations of Statement of
          Dewan Standar Akuntansi Keuangan Ikatan                              Financial Accounting Standards (“ISAK”)
          Akuntan     Indonesia    (“DSAK-IAI”)    dan                         issued by the Financial Accounting Standards
          Peraturan-Peraturan serta Pedoman Penyajian                          Board of the Indonesian Institute of
          dan Pengungkapan Laporan Keuangan yang                               Accountants (“DSAK-IAI”) and the Regulations
          diterbitkan oleh Otoritas Jasa Keuangan                              and the Guidelines on Presentation and
          (OJK).                                                               Disclosures of Financial Statements issued by
                                                                               Financial Services Authority (OJK).

          Kebijakan akuntansi yang diterapkan dalam                            The accounting policies adopted in the
          penyusunan laporan keuangan konsolidasian                            preparation of the consolidated financial
          adalah selaras dengan kebijakan akuntansi                            statements are consistent with those made in
          yang diterapkan dalam penyusunan laporan                             the preparation of the Group’s consolidated
          keuangan konsolidasian Grup untuk tahun                              financial statements for the year ended
          yang berakhir pada tanggal 31 Desember                               December 31, 2023, except for the adoption of
          2023 kecuali bagi penerapan beberapa PSAK                            several amended SAKs. As disclosed further in
          yang telah direvisi. Seperti diungkapkan dalam                       the relevant succeeding Notes, several
          catatan-catatan terkait atas laporan keuangan                        amended accounting standards were adopted
          konsolidasian, beberapa standar akuntansi                            effective January 1, 2024.
          yang telah direvisi dan diterbitkan, diterapkan
          efektif tanggal 1 Januari 2024.

          Grup telah menyusun laporan keuangan                                 The Group has prepared the consolidated
          konsolidasian dengan dasar bahwa Grup akan                           financial statements on the basis that
          terus     mempertahankan      kelangsungan                           the Group will continue to operate as a going
          usahanya.                                                            concern.

          Laporan keuangan konsolidasian, kecuali                              The consolidated financial statements, except
          untuk laporan arus kas konsolidasian, disusun                        for the consolidated statements of cash flows,
          berdasarkan      dasar    akrual      dengan                         have been prepared on the accrual basis using
          menggunakan konsep biaya historis, kecuali                           the historical cost concept of accounting,
          untuk beberapa akun tertentu yang diukur                             except for certain accounts which are
          berdasarkan     pengukuran      sebagaimana                          measured on the basis described in the related
          diuraikan dalam kebijakan akuntansi masing-                          accounting policies of each account.
          masing akun tersebut.

          Laporan arus kas konsolidasian disusun                               The consolidated statement of cash flows,
          dengan menggunakan metode langsung                                   which have been prepared using the direct
          dengan      menyajikan       penerimaan     dan                      method, present cash receipts and payments
          pengeluaran kas yang diklasifikasikan dalam                          classified into operating, investing and
          aktivitas operasi, investasi dan pendanaan.                          financing activities.

          Mata uang yang digunakan dalam penyusunan                            The currency used in the preparation and
          dan penyajian laporan keuangan konsolidasian                         presentation of the consolidated financial
          adalah Rupiah Indonesia (Rupiah) yang juga                           statements is the Indonesian Rupiah (Rupiah)
          merupakan mata uang fungsional Grup.                                 which is also the functional currency of
                                                                               the Group.




                                                            - 10 -
Page 209
PT SHIELD ON SERVICE TBK                                                                    PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                      AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                               Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                      For the Years Ended
31 Desember 2024 dan 2023                                                                    December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                    (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                         unless otherwise stated)


        Grup memilih menyajikan laporan laba rugi                              The Group elected to present one single
        dan     penghasilan     komprehensif     lain                          consolidated statements of profit or loss and
        konsolidasian dalam satu laporan dan                                   other comprehensive income and disclosed
        menyajikan      tambahan       pengungkapan                            critical accounting judgements and key
        pertimbangan kritis akuntansi dan sumber                               sources of estimation uncertainty in Note 3 and
        utama ketidakpastian estimasi pada Catatan 3                           capital management in Note 19.
        serta pengelolaan modal pada Catatan 19.

   b.   Prinsip Konsolidasi                                               b.   Basis of Consolidation

        Laporan keuangan konsolidasian meliputi                                The      consolidated     financial  statements
        laporan keuangan konsolidasian Perusahaan                              incorporate      the    consolidated    financial
        dan entitas-entitas yang dikendalikan secara                           statements of the Company and entities in
        langsung ataupun tidak langsung oleh                                   which the Company has the ability to directly or
        Perusahaan.                                                            indirectly exercise control.

        Entitas anak adalah entitas (termasuk entitas                          Subsidiary is an entity (including structured
        yang terstruktur) dimana Grup memiliki                                 entities) over which the Group has control.
        pengendalian. Grup memiliki pengendalian                               The Group controls a subsidiary when
        atas entitas anak apabila Grup memiliki                                the Group is exposed to, or has rights to,
        dampak dari, atau memiliki hak atas,                                   variable returns from its involvement with the
        penerimaan variabel dari hubungannya                                   subsidiary and has the ability to affect those
        dengan entitas anak dan memiliki kemampuan                             returns through its power over the subsidiary.
        untuk mempengaruhi penerimaan tersebut                                 Consolidation of a subsidiary begins from the
        melalui kuasa atas entitas anak. Konsolidasi                           date the Group obtains control over the
        entitas anak dimulai sejak tanggal Grup                                subsidiary and ceases since the date the Group
        memperoleh pengendalian atas entitas anak                              loses control of the subsidiary.
        dan konsolidasi dihentikan sejak tanggal Grup
        kehilangan pengendalian atas entitas anak.

        Laporan keuangan Entitas anak disusun                                  The financial statements of the Subsidiaries
        dengan periode pelaporan yang sama dengan                              are prepared for the same reporting period as
        Perusahaan. Kebijakan akuntansi yang                                   the Parent Company. The accounting policies
        digunakan dalam penyajian laporan keuangan                             adopted in preparing the consolidated financial
        konsolidasian    telah   diterapkan     secara                         statements have been consistently applied by
        konsisten oleh Grup, kecuali dinyatakan lain.                          the Group, unless otherwise stated.

        Laba atau rugi dan setiap komponen atas                                Profit or loss and each component of other
        penghasilan komprehensif lain diatribusikan                            comprehensive income (OCI) are attributed to
        pada pemegang saham entitas induk Grup dan                             the equity holders of the parent of the Group
        pada Kepentingan Non-Pengendali (“KNP”),                               and to the Non-Controlling Interest (“NCI”),
        bahkan jika hal ini mengakibatkan KNP                                  even if that NCI results in a deficit balance.
        mempunyai saldo defisit.

        Perubahan kepemilikan pada entitas anak,                               A change in the ownership interest of a
        tanpa kehilangan pengendalian, dihitung                                subsidiary, without a loss of control, is
        sebagai transaksi ekuitas. Jika Grup                                   accounted for as an equity transaction. In case
        kehilangan pengendalian atas entitas anak,                             of loss of control over a subsidiary, the Group:
        maka Grup:
        •    menghentikan pengakuan aset (termasuk                    •        •   derecognizes the assets (including
             setiap goodwill) dan liabilitas entitas anak;                         goodwill) and liabilities of the subsidiary;
        •    menghentikan pengakuan jumlah tercatat                   •        •   derecognizes the carrying amount of any
             setiap KNP;                                                           NCI;
        •    menghentikan       pengakuan       akumulasi             •        •   derecognizes the cumulative translation
             selisih penjabaran, yang dicatat di ekuitas,                          differences, recorded in equity, if any;
             bila ada;
        •    mengakui nilai wajar pembayaran yang                     •        •   recognizes the fair value of the
             diterima;                                                             consideration received;
        •    mengakui setiap sisa investasi pada nilai                •        •   recognizes the fair value of any
             wajarnya;                                                             investment retained;
        •    mengakui      setiap    perbedaan        yang            •        •   recognizes any surplus or deficit in profit
             dihasilkan sebagai keuntungan atau                                    or loss; and
             kerugian sebagai laba rugi; dan




                                                             - 11 -
Page 210
PT SHIELD ON SERVICE TBK                                                                   PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                     AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2024 dan 2023                                                                   December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                   (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)


        •   mereklasifikasi ke laba rugi proporsi                    •        •   reclassifies the parent’s share of
            keuntungan dan kerugian yang telah                                    components previously recognized in OCI
            diakui sebelumnya dalam penghasilan                                   to profit or loss or retained earnings, as
            komprehensif lain atau saldo laba, begitu                             appropriate, as would be required if
            pula menjadi persyaratan jika Grup akan                               the Group had directly disposed of the
            melepas secara langsung aset atau                                     related assets or liabilities.
            liabilitas yang terkait.

        Transaksi antar perusahaan, saldo dan                                 Inter-company transactions, balances, and
        keuntungan serta kerugian yang belum                                  unrealized gains and losses on transactions
        direalisasi   dari  transaksi   antar     Grup                        between Group companies are eliminated. All
        dieliminasi. Semua aset dan liabilitas, ekuitas,                      intra-group assets and liabilities, equity,
        penghasilan, beban dan arus kas berkaitan                             income, expenses and cash flows relating to
        dengan transaksi antar anggota Grup juga                              transactions between members of the Group
        akan dieliminasi secara penuh dalam proses                            are also eliminated in full on consolidation.
        konsolidasi. Bila diperlukan, penyesuaian                             When necessary, adjustments are made to
        dilakukan pada laporan keuangan entitas anak                          the financial statements of subsidiaries to
        agar kebijakan akuntansinya sesuai dengan                             bring their accounting policies in line with
        kebijakan akuntansi Grup.                                             the Group’s accounting policies.

        KNP mencerminkan bagian atas laba atau rugi                           NCI represents the portion of the profit or loss
        dan aset bersih dari Entitas anak yang tidak                          and net assets of the Subsidiary not
        dapat diatribusikan, secara langsung maupun                           attributable directly or indirectly to the
        tidak langsung, pada Perusahaan, yang                                 Company, which are presented in the
        masing-masing disajikan dalam laporan laba                            consolidated statement of profit or loss and
        rugi dan penghasilan komprehensif lain                                other comprehensive income and under the
        konsolidasian dan dalam ekuitas pada laporan                          equity section of the consolidated statement of
        posisi keuangan konsolidasian, terpisah dari                          financial position, respectively, separately from
        bagian yang dapat diatribusikan kepada                                the corresponding portion attributable to the
        pemilik entitas induk.                                                owner of the parent entity.

        Transaksi     dengan      KNP    yang    tidak                        Transactions with NCI that do not result in loss
        mengakibatkan       hilangnya    pengendalian                         of control are accounted for as equity
        merupakan transaksi ekuitas. Selisih antara                           transactions. The difference between the fair
        nilai wajar imbalan yang dibayar dan bagian                           value of any consideration paid and the
        yang diakuisisi atas nilai tercatat aset neto                         relevant share acquired of the carrying value
        entitas anak dicatat pada ekuitas. Keuntungan                         of net assets of the subsidiary is recorded in
        atau kerugian pelepasan KNP juga dicatat                              equity. Gains or losses on disposals to NCI are
        pada ekuitas.                                                         also recorded in equity.

   c.   Standar Akuntansi Baru                                           c.   New Accounting Standards

        Amendemen dan standar akuntansi baru yang                             New and amendments on accounting
        telah diterbitkan, dan yang berlaku efektif untuk                     standards issued and effective for the financial
        tahun buku yang dimulai pada atau setelah                             year beginning on or after January 1, 2024
        tanggal 1 Januari 2024 namun tidak                                    which do not have a material impact to the
        berdampak       material    terhadap     laporan                      consolidated financial statements of the Group
        keuangan konsolidasian Grup adalah sebagai                            are as follows:
        berikut:
        - Perubahan Penomoran PSAK dan ISAK                          -        - Changes in the Numbering of PSAK and
            dalam Standar Akuntansi Keuangan                                    ISAK in Indonesian Financial Accounting
            Indonesia;                                                          Standards;
        - Amendemen PSAK No. 116, “Sewa:                             -        - Amendment to PSAK No. 116, “Leases:
            Liabilitas Sewa dalam Jual dan Sewa                                 Lease Liabilities in Sale-and-leaseback
            Balik”;                                                             Transactions”;
        - Amendemen PSAK No. 201, “Penyajian                         -        - Amendment to PSAK No. 201, “Presentation
            Laporan Keuangan: Klasifikasi Liabilitas                            of Financial Statements: Classification of
            sebagai Jangka Pendek atau Jangka                                   Liabilities as Current or Non-current”;
            Panjang”;
        - Amendemen PSAK No. 201, “Penyajian                     -            - Amendment to PSAK No. 201, “Presentation
            Laporan Keuangan: Liabilitas Jangka                                 of     Financial    Statements: Long-term
            Panjang dengan Kovenan”;                                            Liabilities with Covenants”;



                                                            - 12 -
Page 211
PT SHIELD ON SERVICE TBK                                                                PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2024 dan 2023                                                                December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                     unless otherwise stated)


        -   Amendemen PSAK No. 207, “Laporan Arus             -            - Amendment to PSAK No. 207, “Statement of
            Kas” dan PSAK No. 107, “Instrumen                                Cash Flows” and PSAK No. 107, “Financial
            Keuangan Pengungkapan: Pengaturan                                Instrument Disclosure: Supplier Finance
            Pembiayaan Pemasok”;                                             Arrangements”;
        -   Amendemen PSAK No. 401, “Penyajian                -            - Amendments PSAK No. 401, “Presentation
            Laporan Keuangan Syariah”;                                       of Sharia Financial Statements”;
        -   Amendemen PSAK No. 409, “Akuntansi                -            - Amendments PSAK No. 409, “Accounting for
            Zakat, Infak, dan Sedekah”.                                      Zakat, Infaq, and Sadaqah”.

        Standar baru dan amendemen yang telah                              New standards and amendments issued but
        diterbitkan, namun belum berlaku efektif untuk                     not yet effective for the financial year
        tahun buku yang dimulai pada 1 Januari 2024                        beginning January 1, 2024 that may have
        yang mungkin berdampak pada laporan                                certain impact on the consolidated financial
        keuangan konsolidasian adalah sebagai                              statements are as follows:
        berikut:

        Efektif    berlaku  pada    atau    setelah                        Effective on or after January 1, 2025:
        1 Januari 2025:
        - PSAK No. 117, “Kontrak Asuransi”;                   -            - PSAK No. 117, “Insurance Contract”;
        - Amendemen PSAK No. 117, “Kontrak                        -        - Amendment to PSAK No. 117, “Insurance
           Asuransi - Penerapan Awal PSAK No. 117                            Contract - Initial Adoption of PSAK No. 117
           dan PSAK No. 109 tentang Informasi                                and PSAK No. 109 about Comparative
           Komparatif”;                                                      Information”;
        - Amendemen PSAK No. 221, “Pengaruh                       -        - Amendment to PSAK No. 221, “The Effects
           Perubahan Kurs Valuta Asing: Kekurangan                           of Changes in Foreign Exchange Rates:
           Ketertukaran”.                                                    Lack of Exchangeability”.

        Efektif    berlaku  pada    atau     setelah                       Effective on or after January 1, 2026:
        1 Januari 2026:
        - Amendemen PSAK No. 109, “Instrumen                  -            - Amendments to PSAK No. 109, “Financial
           Keuangan” dan PSAK No. 107, “Instrumen                            Instruments” and PSAK No. 107, “Financial
           Keuangan - Pengungkapan”: Klasifikasi                             Instruments - Disclosures”;
           dan Pengukuran Instrumen Keuangan”;
        - Penyesuaian Tahunan 2024 terhadap                       -        - 2024 Annual Improvements to PSAK
           PSAK No. 107, “Instrumen Keuangan -                               No.    107,    “Financial  Instruments  -
           Pengungkapan”,     PSAK     No.      109,                         Disclosures”, PSAK No. 109, “Financial
           “Instrumen Keuangan”, PSAK No. 110,                               Instruments”, PSAK No. 110, “Consolidated
           “Laporan Keuangan Konsolidasian” dan                              Financial Statements” and PSAK No. 207,
           PSAK No. 207, “Laporan Arus Kas”.                                 “Statement of Cash Flows”.

        Efektif    berlaku  pada     atau     setelah                      Effective on or after January 1, 2027:
        1 Januari 2027:
        - PSAK No. 413, “Penurunan Nilai - Aset                   -        - PSAK No. 413, “Impairment - Sharia
           Keuangan Syariah dan Pengakuan Provisi                            Financial Assets and the Recognition of
           Kafalah Penjaminan Risiko Kredit”.                                Kafalah   Provisions  for Credit   Risk
                                                                             Guarantees”.

        Grup sedang menganalisa dampak penerapan                           The Group is assessing the impact of these
        amendemen dan standar akuntansi baru                               new and revised accounting standards to
        tersebut di atas terhadap laporan keuangan                         the Group’s consolidated financial statements.
        konsolidasian Grup.

   d.   Instrumen Keuangan                                            d.   Financial Instruments

        Instrumen keuangan adalah setiap kontrak                           A financial instrument is any contract that gives
        yang menimbulkan aset keuangan pada satu                           rise to a financial asset of one entity and a
        entitas dan liabilitas keuangan atau instrumen                     financial liability or equity instrument of another
        ekuitas pada entitas lain.                                         entity.

        (i) Aset Keuangan                                                  (i) Financial Assets

            Klasifikasi dan pengukuran aset keuangan                          Classification and measurement of financial
            didasarkan pada model bisnis dan arus kas                         assets are based on business model and
            kontraktual - apakah yang semata-mata                             contractual cash flows - whether from
            berasal dari pembayaran pokok dan bunga.                          solely payment of principal and interest.



                                                         - 13 -
Page 212
PT SHIELD ON SERVICE TBK                                                            PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2024 dan 2023                                                            December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                            (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                 unless otherwise stated)


          Aset keuangan diklasifikasikan pada saat                      Financial assets are classified, at initial
          pengakuan awal dan selanjutnya diukur                         recognition, and subsequently measured at
          pada biaya perolehan diamortisasi, nilai                      amortized cost, fair value through other
          wajar melalui penghasilan komprehensif                        comprehensive income (“FVTOCI”), and
          lain (“FVTOCI”), dan nilai wajar melalui                      fair value through profit or loss (“FVTPL”).
          laba rugi (“FVTPL”).

          Seluruh        aset   keuangan    Grup                        All of the Group’s financial assets are
          diklasifikasikan sebagai aset keuangan                        classified as financial assets measured at
          yang diukur pada biaya perolehan                              amortized cost. The Group has no financial
          diamortisasi. Grup tidak memiliki aset                        asset measured at FVTPL and FVTOCI.
          keuangan yang diukur pada FVTPL dan
          FVTOCI.

          Aset keuangan diukur pada biaya                               Financial assets measured at amortized
          perolehan diamortisasi awalnya diukur                         cost are initially measured at fair value plus
          pada nilai wajar ditambah biaya transaksi;                    transaction      cost;  and     subsequently
          dan setelah pengakuan awal diukur pada                        measured at cost which is amortized using
          biaya perolehan yang diamortisasi dengan                      the effective interest rate (“EIR”) method
          menggunakan metode suku bunga efektif                         and are subject to impairment. Gains and
          (“SBE”) dan merupakan subjek penurunan                        losses are recognized in profit or loss when
          nilai. Keuntungan dan kerugian diakui pada                    the asset is derecognized, modified or
          laba     rugi   saat    aset      dihentikan                  impaired.
          pengakuannya,        dimodifikasi       atau
          mengalami penurunan nilai.

          Aset keuangan dihentikan pengakuannya                         Financial assets are derecognized when
          ketika hak untuk menerima arus kas dari                       the rights to receive cash flows from an
          aset     atau   telah    menandatangani                       asset or has entered into a pass-through
          kesepakatan pelepasan (pass through                           arrangement and has neither transferred
          arrangement), dan secara substansial tidak                    nor retained substantially all of the risks
          mentransfer dan tidak memiliki seluruh                        and rewards of the asset nor transferred
          risiko dan manfaat atas aset keuangan,                        control of the asset.
          maupun mentransfer pengendalian atas
          aset.

       (ii) Financial Liabilities                                   (ii) Financial Liabilities

          Grup        mengklasifikasikan    liabilitas                  The Group classifies its financial liabilities
          keuangannya      sebagai      (i) liabilitas                  as: (i) financial liabilities measured at
          keuangan diukur pada FVTPL atau (ii)                          FVTPL or (ii) financial liabilities measured
          liabilitas keuangan diukur pada biaya                         at amortized cost.
          perolehan diamortisasi.

          Seluruh       liabilitas keuangan       Grup                  All of the Group’s financial liabilities are
          diklasifikasikan sebagai liabilitas keuangan                  classified as financial liabilities measured at
          yang diukur pada biaya perolehan                              amortized cost. The Group has no financial
          diamortisasi. Grup tidak memiliki liabilitas                  liabilities measured at FVTPL.
          keuangan yang diukur pada FVTPL.

          Seluruh liabilitas keuangan pada awalnya                      All financial liabilities are initially recognized
          diakui sebesar nilai wajar termasuk                           at fair value, including transaction costs, for
          biaya transaksi untuk liabilitas keuangan                     financial liabilities not measured at FVTPL.
          yang      tidak   diukur  pada     FVTPL.                     Financial liabilities measured at amortized
          Liabilitas keuangan yang diukur pada                          cost,     after     initial   recognition,     are
          biaya perolehan diamortisasi, setelah                         subsequently measured at cost which is
          pengakuan awal, diukur pada biaya                             amortized using the EIR method. Gains and
          perolehan yang diamortisasi dengan                            losses are recognized in the consolidated
          menggunakan metode SBE. Keuntungan                            statements of profit or loss and other
          dan kerugian diakui dalam laporan laba                        comprehensive income when the liabilities
          rugi dan penghasilan komprehensif lain                        are derecognized as well as through the
          konsolidasian hingga liabilitas dihentikan                    amortization process using the EIR method.
          pengakuannya maupun melalui proses
          amortisasi menggunakan metode SBE.




                                                         - 14 -
Page 213
PT SHIELD ON SERVICE TBK                                                             PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2024 dan 2023                                                             December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                             (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                  unless otherwise stated)


          Liabilitas      keuangan      dihentikan                        A financial liability is derecognized when
          pengakuannya ketika liabilitas yang                             the obligation specified in the contract is
          ditetapkan dalam kontrak dihentikan atau                        discharged or cancelled or expired.
          dibatalkan atau kadaluarsa.

       Penurunan Nilai Aset Keuangan                                  Impairment of Financial Assets
       Grup mengakui cadangan untuk kerugian                          The Group recognizes an allowance for
       kredit ekspektasian (“ECL”) untuk seluruh                      expected credit losses (“ECL”) for all debt
       instrumen utang yang tidak diklasifikasikan                    instruments not held at FVTPL. ECL are based
       sebagai diukur pada FVTPL. ECL didasarkan                      on the difference between the contractual cash
       pada perbedaan antara arus kas kontraktual                     flows due in accordance with the contract and
       yang tertuang dalam kontrak dan seluruh arus                   all the cash flows that the Group expects to
       kas yang diharapkan akan diterima Grup,                        receive, discounted at an approximation of the
       didiskontokan menggunakan suku bunga                           original effective interest rate. The expected
       efektif awal. Arus kas yang diharapkan akan                    cash flows will include cash flows from the sale
       diterima tersebut mencakup arus kas dari                       of collateral held or other credit enhancements
       penjualan agunan yang dimiliki atau perluasan                  that are integral to the contractual terms.
       kredit lainnya yang merupakan bagian integral
       dari persyaratan kontrak.
       ECL diakui dalam dua tahap. Untuk risiko                       ECL are recognized in two stages. For credit
       kredit atas instrumen keuangan yang tidak                      exposures for which there has not been a
       mengalami peningkatan secara signifikan                        significant increase in credit risk since initial
       sejak pengakuan awal, pengukuran penyisihan                    recognition, ECL are provided for credit losses
       kerugian dilakukan sejumlah ECL 12 bulan.                      that result from default events that are possible
       Untuk risiko kredit atas instrumen keuangan                    within the next 12-months (a 12-month ECL).
       yang mengalami peningkatan secara signifikan                   For those credit exposures for which there has
       sejak pengakuan awal, penyisihan kerugian                      been a significant increase in credit risk since
       dilakukan sepanjang sisa umurnya, terlepas                     initial recognition, a loss allowance is required
       dari waktu terjadinya default (sepanjang umur                  for credit losses expected over the remaining
       ECL).                                                          life of the exposure, irrespective of the timing of
                                                                      the default (a lifetime ECL).
       Untuk piutang usaha, Grup menerapkan                           For trade receivables, the Group applies a
       panduan praktis dalam menghitung ECL. Oleh                     simplified approach in calculating ECL.
       karena itu, Grup tidak mengidentifikasi                        Therefore, the Group does not track changes in
       perubahan dalam risiko kredit, melainkan                       credit risk, but instead recognizes a loss
       mengukur penyisihan kerugian sejumlah ECL                      allowance based on lifetime ECL at each
       sepanjang umur. Grup telah membentuk                           reporting date. The Group has established a
       matriks provisi yang didasarkan pada data                      provision matrix that is based on its historical
       historis kerugian kredit, disesuaikan dengan                   credit loss experience, adjusted for forward-
       faktor-faktor perkiraan masa depan (forward-                   looking factors specific to the debtors and the
       looking) khusus terkait pelanggan dan                          economic environment.
       lingkungan ekonomi.
       Grup mempertimbangkan aset keuangan                            The Group considers a financial asset in default
       memenuhi definisi default ketika, antara lain,                 when, among others, contractual payments are
       telah menunggak lebih dari 1 tahun. Namun,                     1 year past due. However, in certain cases,
       dalam kasus-kasus tertentu, Grup juga dapat                    the Group may also consider a financial asset
       menganggap aset keuangan dalam keadaan                         to be in default when internal or external
       default ketika informasi internal atau eksternal               information indicates that the Group is unlikely
       menunjukkan bahwa Grup tidak mungkin                           to receive the outstanding contractual amounts
       menerima arus kas kontraktual secara penuh                     in full before taking into account any credit
       tanpa melakukan perluasan persyaratan kredit.                  enhancements held by the Group. Trade
       Piutang      dihapusbukukan       ketika   kecil               receivables is written-off when there is low
       kemungkinan untuk memulihkan arus kas                          possibility of recovering the contractual cash
       kontraktual, setelah semua upaya penagihan                     flow, after all collection efforts have been done
       telah dilakukan dan telah sepenuhnya                           and have been fully provided for allowance.
       dilakukan penyisihan.




                                                          - 15 -
Page 214
PT SHIELD ON SERVICE TBK                                                                PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2024 dan 2023                                                                December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                     unless otherwise stated)


        Saling Hapus dari Instrumen Keuangan                             Offsetting of financial instruments

        Aset keuangan dan liabilitas keuangan saling                     Financial assets and financial liabilities are
        hapus dan nilai bersihnya dilaporkan dalam                       offset, and the net amount reported in the
        laporan posisi keuangan konsolidasian jika,                      consolidated statement of financial position if,
        dan hanya jika, terdapat hak yang berkekuatan                    and only if, there is a currently enforceable
        hukum untuk melakukan saling hapus atas                          legal right to offset the recognized amounts and
        jumlah yang telah diakui dari aset keuangan                      there is an intention to settle on a net basis, or
        dan liabilitas keuangan tersebut dan terdapat                    to realize the assets and settle the liabilities
        intensi     untuk     menyelesaikan   dengan                     simultaneously.
        menggunakan dasar neto, atau untuk
        merealisasikan aset dan menyelesaikan
        liabilitasnya secara bersamaan.

   e.   Transaksi dengan Pihak-pihak Berelasi                         e. Transactions with Related Parties

        Pihak-pihak berelasi adalah orang atau entitas                   A related party is a person or entity that is
        yang terkait dengan Grup:                                        related to the Group:

        a. Orang atau anggota keluarga dekatnya                          a.   A person or a close member of that
           yang mempunyai relasi dengan Grup jika                             person's family is related to the Group if
           orang tersebut:                                                    that person:
           (i) memiliki         pengendalian     atau                         (i) has control or joint control over
                 pengendalian bersama atas Grup;                                    the Group;
           (ii) memiliki pengaruh signifikan atas                             (ii) has      significant influence    over
                 Grup; atau                                                         the Group; or
           (iii) personil manajemen kunci Grup atau                           (iii) is a member of the key management
                 entitas induk Grup.                                                personnel of the Group or of a parent
                                                                                    of the Group.

        b. Suatu entitas berelasi dengan Grup jika                       b.   An entity is related to the Group if any of
           memenuhi salah satu hal berikut:                                   the following conditions applies:
           (i) entitas dan Grup adalah anggota dari                           (i)   the entity and the Group are
                 kelompok usaha yang sama (artinya                                  members of the same Group (which
                 entitas induk, entitas anak, dan entitas                           means that each parent, subsidiary
                 anak berikutnya saling berelasi dengan                             and fellow subsidiary is related to the
                 entitas lainnya).                                                  others).
           (ii) satu entitas adalah entitas asosiasi                          (ii) one entity is an associate or joint
                 atau ventura bersama dari entitas lain                             venture of the other entity (or an
                 (atau entitas asosiasi atau ventura                                associate or joint venture of a
                 bersama yang merupakan anggota                                     member of a group of which the other
                 suatu kelompok usaha, yang mana                                    entity is a member).
                 entitas     lain     tersebut     adalah
                 anggotanya).
           (iii) kedua entitas tersebut adalah ventura                        (iii)   both entities are joint ventures of the
                 bersama dari pihak ketiga yang sama.                                 same third party.
           (iv) satu entitas adalah ventura bersama                           (iv)    one entity is a joint venture of a third
                 dari entitas ketiga dan entitas yang lain                            entity and the other entity is an
                 adalah entitas asosiasi dari entitas                                 associate of the third entity.
                 ketiga.
           (v) entitas tersebut adalah suatu program                          (v)   the entity is a post-employment
                 imbalan pasca kerja untuk imbalan                                  defined benefit plan for the benefit of
                 kerja dari salah satu entitas pelapor                              employees of either the reporting
                 atau entitas yang terkait dengan Grup.                             entity or an entity related to
                                                                                    the Group.
           (vi) entitas      yang     dikendalikan atau                       (vi) the entity is controlled or jointly
                 dikendalikan bersama oleh orang yang                               controlled by a person identified in
                 diidentifikasi dalam huruf (a).                                    (a).
           (vii) orang yang diidentifikasi dalam huruf                        (vii) a person identified in (a) (i) has
                 (a) (i) memiliki pengaruh signifikan                               significant influence over the entity or
                 atas entitas atau merupakan personil                               is a member of the key management
                 manajemen kunci entitas (atau entitas                              personnel of the entity (or of a parent
                 induk dari entitas).                                               of the entity).



                                                             - 16 -
Page 215
PT SHIELD ON SERVICE TBK                                                                 PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                   For the Years Ended
31 Desember 2024 dan 2023                                                                 December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                 (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                      unless otherwise stated)


              (viii) entitas, atau anggota dari kelompok                          (viii) the entity, or any member of a group
                     yang mana entitas merupakan bagian                                  of which it is a part, provides key
                     dari kelompok tersebut, menyediakan                                 management personnel services to
                     jasa personil manajemen kunci kepada                                the entity or to the parent of the entity.
                     entitas atau kepada entitas induk dari
                     entitas.

        Seluruh transaksi dan saldo yang signifikan                         All significant transactions and balances with
        dengan pihak-pihak berelasi diungkapkan                             related parties are disclosed in the notes to the
        dalam catatan atas laporan keuangan                                 consolidated financial statements.
        konsolidasian.

   f.   Klasifikasi Lancar/Jangka Pendek              dan              f.   Current and Non-current Classification
        Tidak Lancar/Jangka Panjang

        Grup menyajikan aset dan liabilitas dalam                           The Group presents assets and liabilities in
        laporan     posisi    keuangan     konsolidasian                    the consolidated statements of financial
        berdasarkan klasifikasi lancar/tidak lancar atau                    position     based    on      current/non-current
        jangka pendek/jangka panjang. Suatu aset                            classification. An asset is current when it is:
        diklasifikasikan lancar jika:
        i) akan direalisasikan, atau ditujukan untuk                        i)     expected to be realized, or intended to be
             diperdagangkan, atau dikonsumsi dalam                                 sold, or consumed in the normal operating
             siklus operasi normal;                                                cycle;
        ii) dimiliki      terutama     untuk      tujuan                    ii)    held primarily for the purpose of trading; or
             diperdagangkan; atau
        iii) akan direalisasi dalam jangka waktu 12                         iii) expected to be realized within 12 months
             bulan setelah tanggal pelaporan, atau kas                           after the reporting period, or cash or cash
             atau setara kas kecuali yang dibatasi                               equivalent unless restricted from being
             penggunaannya atau akan digunakan                                   exchanged or used to settle a liability for
             untuk melunasi suatu liabilitas dalam                               at least 12 months after the reporting
             paling lambat 12 bulan setelah tanggal                              period.
             pelaporan.

        Seluruh aset lain diklasifikasikan sebagai tidak                    All other assets are classified as non-current.
        lancar.

        Suatu liabilitas disajikan sebagai jangka                           A liability is current when it is:
        pendek bila:
        i) akan dilunasi dalam siklus operasi normal;                       i)     expected to be settled in the normal
                                                                                   operating cycle;
        ii)  dimiliki    terutama     untuk  tujuan                         ii)    held primarily for the purpose of trading;
             diperdagangkan;
        iii) akan dilunasi dalam 12 bulan setelah                           iii) due to be settled within 12 months after
             tanggal pelaporan; atau                                             the reporting period; or
        iv) tidak ada hak tanpa syarat untuk                                iv) there is no unconditional right to defer the
             menangguhkan       pelunasannya dalam                               settlement of the liability for at least 12
             paling tidak 12 bulan setelah tanggal                               months after the reporting period.
             pelaporan.

        Seluruh liabilitas lain diklasifikasikan sebagai                    All other liabilities are classified as non-
        jangka panjang.                                                     current.

        Aset      dan     liabilitas pajak   tangguhan                      Deferred tax assets and liabilities are
        diklasifikasikan sebagai aset tidak lancar dan                      classified as non-current assets and non-
        liabilitas jangka panjang.                                          current liabilities.

   g.   Kas dan Setara Kas                                             g.   Cash and Cash Equivalents

        Kas dan setara kas terdiri dari kas, bank dan                       Cash and cash equivalents consist of cash on
        setara kas yang meliputi deposito berjangka                         hand and in banks, and cash equivalents
        dengan jangka waktu tiga bulan atau kurang                          which are time deposits with maturities within
        dan tidak dibatasi penggunaannya dan dapat                          three months or less which are not restricted in
        segera dijadikan kas tanpa terjadi perubahan                        use and readily convertible to cash without
        nilai yang signifikan.                                              significant changes in value.




                                                              - 17 -
Page 216
PT SHIELD ON SERVICE TBK                                                              PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2024 dan 2023                                                              December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                              (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                   unless otherwise stated)


        Deposito   berjangka         yang       dibatasi                 Restricted time deposit
        penggunaannya

        Akun ini terdiri deposito berjangka yang                         This account consist of time deposits which
        dibatasi penggunaannya untuk fasilitas bank                      are restricted in use for bank guarantee facility
        garansi dari PT Bank Rakyat Indonesia                            from PT Bank Rakyat Indonesia (Persero) Tbk
        (Persero) Tbk (Catatan 32).                                      (Note 32).
   h.   Persediaan                                                  h.   Inventories

        Persediaan diakui sebesar nilai yang lebih                       Inventories are stated at the lower of cost or
        rendah antara biaya perolehan atau nilai                         net realizable value. Cost is determined using
        realisasi neto. Biaya perolehan ditentukan                       the average method. Net realizable value is
        dengan menggunakan metode rata-rata                              the estimated selling price in the ordinary
        tertimbang. Nilai realisasi neto adalah estimasi                 course of business, less the estimated cost of
        harga jual dalam kegiatan usaha normal,                          completion and the estimated cost necessary
        dikurangi estimasi biaya penyelesaian dan                        to complete the sale. Allowance for inventory
        estimasi biaya yang diperlukan untuk                             obsolescence is provided based on the
        menyelesaikan penjualan. Penyisihan untuk                        periodic review of the condition of the
        persediaan usang dan/atau penurunan nilai                        inventories and other relevant facts and
        persediaan dilakukan atas dasar hasil                            circumstances.
        penelaahan secara periodik terhadap kondisi
        persediaan, fakta dan situasi lain yang relevan.

   i.   Aset Tetap                                                  i.   Fixed Assets

        Grup memilih model biaya sebagai kebijakan                       The Group has chosen the cost model as a
        akuntansi pengukuran aset tetap.                                 measurement of its fixed assets accounting
                                                                         policy.
        Aset tetap dinyatakan sebesar harga                              Fixed assets are stated at cost less
        perolehan dikurangi akumulasi penyusutan                         accumulated depreciation and impairment
        dan rugi penurunan nilai, jika ada. Biaya                        losses, if any. Such cost includes the cost of
        perolehan termasuk biaya penggantian bagian                      replacing part of the fixed assets when that
        aset tetap saat biaya tersebut terjadi, jika                     cost is incurred, if the recognition criteria are
        memenuhi kriteria pengakuan. Selanjutnya,                        met. Likewise, when a major inspection is
        pada saat inspeksi yang signifikan dilakukan,                    performed, its cost is recognized in the
        biaya inspeksi itu diakui ke dalam jumlah nilai                  carrying amount of the fixed assets as a
        tercatat (“carrying amount”) aset tetap sebagai                  replacement if the recognition criteria are
        suatu penggantian jika memenuhi kriteria                         satisfied. All other repairs and maintenance
        pengakuan. Semua biaya pemeliharaan dan                          costs that do not meet the recognition criteria
        perbaikan yang tidak memenuhi kriteria                           are recognized in the consolidated statements
        pengakuan diakui dalam laporan laba rugi dan                     of profit or loss and other comprehensive
        penghasilan komprehensif lain konsolidasian                      income as incurred.
        pada saat terjadinya.
        Penyusutan dihitung dengan menggunakan                           Depreciation is computed using the straight-
        metode garis lurus (“straight-line method”)                      line method over the estimated useful life of
        berdasarkan estimasi masa manfaat ekonomis                       the assets, as follows:
        aset tetap sebagai berikut:
                                                     Tahun/Years
        Bangunan                                           20              Building
        Kendaraan                                          8               Vehicles
        Peralatan kantor                                   4               Office equipment
        Peralatan proyek                                   4               Project equipment
        Jumlah tercatat aset tetap dihentikan                            An item of fixed assets is derecognized upon
        pengakuannya pada saat dilepaskan atau saat                      disposal or when no future economic benefits
        tidak ada manfaat ekonomis masa depan yang                       are expected from its use or disposal. Any gain
        diharapkan       dari     penggunaan      atau                   or loss arising on derecognition of the asset
        pelepasannya. Laba atau rugi yang timbul dari                    (calculated as the difference between the net
        penghentian pengakuan aset (dihitung sebagai                     disposal proceeds and the carrying amount of
        perbedaan antara jumlah neto hasil pelepasan                     the asset) is included in the consolidated
        dan nilai tercatat dari aset) dimasukkan dalam                   statements of profit or loss and other
        laporan     laba     rugi    dan    penghasilan                  comprehensive income in the year the asset is
        komprehensif lain konsolidasian pada tahun                       derecognized.
        aset tersebut dihentikan pengakuannya.

                                                           - 18 -
Page 217
PT SHIELD ON SERVICE TBK                                                                PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2024 dan 2023                                                                December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                     unless otherwise stated)


        Pada setiap akhir tahun buku, nilai residu,                        The residual values, useful life and methods of
        umur manfaat dan metode penyusutan aset                            depreciation of fixed assets are reviewed and
        tetap ditelaah dan jika sesuai dengan                              adjusted prospectively if appropriate, at each
        keadaan, disesuaikan secara prospektif.                            financial year end.

   j.   Sewa                                                          j.   Leases

        Grup sebagai lessee                                                The Group as lessee

        Pada tanggal permulaan kontrak, Grup menilai                       At the inception of a contract, the Group
        apakah     kontrak      merupakan,     atau                        assesses whether the contract is, or contains,
        mengandung, sewa. Suatu kontrak merupakan                          a lease. A contract is or contains a lease if the
        atau mengandung sewa jika kontrak tersebut                         contract conveys the right to control the use of
        memberikan    hak   untuk     mengendalikan                        an identified asset for a period of time in
        penggunaan aset identifikasian selama suatu                        exchange for consideration.
        jangka waktu untuk dipertukarkan dengan
        imbalan.

        Untuk menilai apakah kontrak memberikan hak                        To assess whether a contract conveys the
        untuk mengendalikan penggunaan aset                                right to control the use of an identified asset,
        identifikasian, Grup harus menilai apakah:                         the Group shall assess whether:
        -   Kontrak melibatkan penggunaan suatu                             - The contract involves the use of an
            aset identifikasian - ini dapat ditentukan                          identified asset - this may be specified
            secara eksplisit atau implisit dan secara                           explicitly or implicitly and should be
            fisik dapat dibedakan atau mewakili                                 physically      distinct     or     represent
            secara substansial seluruh kapasitas aset                           substantially all the capacity of a
            yang secara fisik dapat dibedakan. Jika                             physically distinct asset. If the supplier has
            pemasok        memiliki      hak    substitusi                      the substantive substitution right, then the
            substantif, maka aset tersebut tidak                                asset is not identified;
            teridentifikasi;
        -   Grup memiliki hak untuk memperoleh                              -   The Group has the right to obtain
            secara substansial seluruh manfaat                                  substantially all the economic benefit from
            ekonomik dari penggunaan aset selama                                use of the asset throughout the period of
            periode penggunaan; dan                                             use; and
        -   Grup memiliki hak untuk mengarahkan                             -   The Group has the right to direct the use
            penggunaan aset identifikasian. Grup                                of the identified asset. The Group has this
            memiliki hak ini ketika hak pengambilan                             right when it has decision-making rights
            keputusan yang paling relevan untuk                                 that are most relevant to change how and
            mengubah bagaimana dan untuk tujuan                                 what purpose the asset is used. In certain
            apa aset tersebut digunakan. Dalam                                  circumstances where all the decisions
            kondisi tertentu di mana semua keputusan                            about how and for what purpose the asset
            tentang bagaimana dan untuk tujuan apa                              is used are predetermined, the Group has
            aset      digunakan       telah    ditentukan                       the right to direct the use of the asset if
            sebelumnya, Grup memiliki hak untuk                                 either:
            mengarahkan penggunaan aset tersebut
            jika:
            i. Grup          memiliki      hak      untuk                       i.  The Group has the right to operate the
                 mengoperasikan aset; atau                                          asset; or
            ii. Grup mendesain aset dengan cara                                 ii. The Group designed the asset in a
                 menetapkan sebelumnya bagaimana                                    way that predetermines how and for
                 dan untuk tujuan apa aset akan                                     what purpose the asset will be used.
                 digunakan.

        Pada tanggal insepsi atau pada saat penilaian                      At the inception or on reassessment of a
        kembali suatu kontrak yang mengandung                              contract that contains a lease component,
        suatu komponen sewa, Grup mengalokasikan                           the Group allocates the consideration in the
        imbalan dalam kontrak ke masing-masing                             contract to each lease component on the basis
        komponen sewa berdasarkan harga tersendiri                         of their relative stand-alone price. However, for
        relatif dari komponen sewa. Namun, untuk                           the leases of properties in which the Group is
        sewa properti dimana Grup bertindak sebagai                        a lessee, the Group has elected not to
        penyewa, Grup memutuskan untuk tidak                               separate non-lease components and account
        memisahkan      komponen     nonsewa     dan                       for the lease and non-lease components as a
        mencatat komponen sewa dan nonsewa                                 single lease component.
        tersebut sebagai satu komponen sewa.

                                                             - 19 -
Page 218
PT SHIELD ON SERVICE TBK                                                              PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2024 dan 2023                                                              December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                              (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                   unless otherwise stated)


       Grup mengakui aset hak-guna dan liabilitas                      The Group recognizes a right-of-use asset and
       sewa pada tanggal dimulainya sewa. Aset hak-                    a lease liability at the lease commencement
       guna awalnya diukur pada biaya perolehan,                       date. The right-of-use asset is initially
       yang terdiri dari jumlah pengukuran awal dari                   measured at cost, which comprise the initial
       liabilitas sewa yang disesuaikan dengan                         amount of the lease liability adjusted for any
       pembayaran sewa yang dilakukan pada atau                        lease payment made at or before the
       sebelum tanggal permulaan, ditambah dengan                      commencement date, plus any initial direct
       biaya langsung awal yang dikeluarkan, dan                       costs incurred and an estimate of costs to
       estimasi biaya untuk membongkar dan                             dismantle and remove the underlying asset or
       memindahkan aset pendasar atau untuk                            to restore the underlying asset or the site on
       merestorasi asset pendasar atau lokasi aset                     which it is located, less any lease incentive
       berada, dikurangi insentif sewa yang diterima.                  received.

       Setelah tanggal permulaan, aset hak-guna                        After commencement date, right-of-use assets
       diukur dengan model biaya. Aset hak-guna                        are measured using cost model. The right-of-
       selanjutnya disusutkan dengan menggunakan                       use assets is subsequently depreciated using
       metode garis-lurus dari tanggal permulaan                       the     straight-line     method       from     the
       hingga tanggal yang lebih awal antara akhir                     commencement date to the earlier of the end
       masa manfaat aset hak-guna atau akhir masa                      of the useful life of the right-of-use asset or the
       sewa. Selain itu, aset hak-guna secara berkala                  end of the lease term. In addition, the right-of-
       dikurangi dengan kerugian penurunan nilai,                      use asset is periodically reduced by
       jika ada, dan disesuaikan dengan pengukuran                     impairment losses, if any, and adjusted for
       kembali liabilitas sewa.                                        certain remeasurements of the lease liability.

       Liabilitas sewa awalnya diukur pada nilai kini                  The lease liability is initially measured at the
       atas pembayaran sewa yang belum dibayar                         present value of the lease payments that are
       pada tanggal permulaan, didiskontokan                           not yet paid at the commencement date,
       menggunakan suku bunga implisit dalam sewa                      discounted using the interest rate implicit in
       atau, jika suku bunga tersebut tidak dapat                      the lease or, if that rate cannot be readily
       ditentukan, digunakan suku bunga pinjaman                       determined,     the      Group’s     incremental
       inkremental     Grup.     Umumnya,        Grup                  borrowing rate. Generally, the Group uses its
       menggunakan       suku     bunga      pinjaman                  incremental borrowing rate as the discount
       inkremental sebagai tingkat diskonto.                           rate.

       Liabilitas sewa diukur pada biaya perolehan                     The lease liability is measured at amortized
       diamortisasi menggunakan metode suku                            cost using the effective interest method. It is
       bunga efektif. Liabilitas sewa diukur kembali                   remeasured when there is a change in future
       ketika ada perubahan pembayaran sewa masa                       lease payments arising from a change in an
       depan yang timbul dari perubahan indeks atau                    index or rate, if there is a change in
       suku bunga, jika ada perubahan estimasi                         the Group’s estimate of the amount expected
       Grup atas jumlah yang diperkirakan akan                         to be payable under a residual value
       dibayar dalam jaminan nilai residual, atau jika                 guarantee, or if the Group changes its
       Grup mengubah penilaiannya apakah akan                          assessment of whether it will exercise a
       mengeksekusi opsi beli, perpanjangan atau                       purchase, extension or termination option.
       penghentian.

       Ketika liabilitas sewa diukur kembali dengan                    When the lease liability is remeasured in this
       cara ini, penyesuaian terkait dilakukan                         way, a corresponding adjustment is made to
       terhadap jumlah tercatat aset hak-guna, atau                    the carrying amount of the right-of-use assets
       dicatat dalam laba rugi jika jumlah tercatat aset               or is recorded in profit or loss if the carrying
       hak-guna telah berkurang menjadi nol.                           amount of the right-of-use asset has been
                                                                       reduced to zero.

       Pembayaran sewa yang termasuk dalam                             Lease payments include in the measurement
       pengukuran      liabilitas  sewa      meliputi                  of the lease liability comprise of the following:
       pembayaran berikut ini:
       -   Pembayaran tetap, termasuk pembayaran                       -   Fixed payments, including in-substance
           tetap secara-substansi;                                         fixed payments;
       -   Pembayaran        sewa   variabel   yang                    -   Variable lease payments that depend on
           bergantung pada suatu indeks atau suku                          an index or rate, initially measured using
           bunga, yang pada awalnya diukur dengan                          the index or a rate as at the
           menggunakan indeks atau suku bunga                              commencement date;
           pada tanggal permulaan;


                                                           - 20 -
Page 219
PT SHIELD ON SERVICE TBK                                                            PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2024 dan 2023                                                            December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                            (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                 unless otherwise stated)


        -   Jumlah      yang    diperkirakan     akan                  -   Amounts expected to be payable under a
            dibayarkan dalam jaminan nilai residual;                       residual value guarantee;
        -   Harga eksekusi opsi beli jika Grup cukup                   -   The exercise price under a purchase
            pasti     untuk    mengeksekusi       opsi                     option that the Group is reasonably certain
            tersebut; dan                                                  to exercise; and
        -   Penalti karena penghentian awal sewa                       -   Penalties for early termination of a lease
            kecuali jika Grup cukup pasti untuk tidak                      unless the Group is reasonably certain not
            menghentikan lebih awal.                                       to terminate early.

        Pembayaran sewa dialokasikan menjadi                           Each lease payment is allocated between the
        bagian pokok dan biaya keuangan. Biaya                         liability and finance cost. The finance cost is
        keuangan dibebankan pada laba rugi selama                      charged to profit or loss over the lease period
        periode sewa sehingga menghasilkan tingkat                     to produce a constant periodic rate of interest
        suku bunga periodik yang konstan atas saldo                    on the remaining balance of the liability for
        liabilitas untuk setiap periode.                               each period.

        Grup menyajikan “Aset Hak-Guna” dan                            The Group present “Right-of-Use Assets” and
        “Liabilitas Sewa” pada laporan posisi                          “Lease Liabilities” in the consolidated
        keuangan konsolidasian.                                        statements of financial position.

        Sewa jangka-pendek dan sewa aset bernilai-                     Short-term lease and lease of low-value asset
        rendah

        Grup memilih untuk tidak mengakui aset hak-                    The Group has elected not to recognize right-
        guna dan liabilitas sewa untuk sewa jangka                     of-use assets and lease liabilities for short-
        pendek yang memiliki masa sewa 12 bulan                        term leases that have a lease term of 12
        atau     kurang    dan  sewa    atas   aset                    months or less and for leases of low-value
        bernilai      rendah.    Grup     mengakui                     assets. The Group recognizes the leases
        pembayaran sewa terkait dengan sewa ini                        payments associated with these leases as an
        sebagai beban dengan dasar garis lurus                         expense on a straight-line basis over the lease
        selama masa sewa.                                              term.

   k.   Penurunan Nilai Aset Non-Keuangan                         k.   Impairment of Non-Financial Assets

        Pada setiap akhir periode pelaporan, Grup                      The Group assesses at each reporting period
        menilai apakah terdapat indikasi suatu aset                    whether there is an indication that an asset
        mengalami penurunan nilai. Jika terdapat                       may be impaired. If any such indication exists,
        indikasi tersebut atau pada saat pengujian                     or when annual impairment testing for an asset
        penurunan nilai aset diperlukan, maka Grup                     is required, the Group makes an estimate of
        membuat estimasi jumlah terpulihkan aset                       the asset’s recoverable amount.
        tersebut.

        Rugi penurunan nilai diakui sebagai rugi tahun                 Impairment losses are recognized in the
        berjalan, kecuali untuk aset non-keuangan                      current year’s profit or loss unless non-
        yang dicatat dengan nilai penilaian kembali.                   financial assets carried at revalued amounts.

   l.   Imbalan Kerja                                             l.   Employee Benefits

        Grup mengakui kewajiban imbalan kerja yang                     The Group recognized unfunded employee
        tidak didanai sesuai dengan Peraturan                          benefits   liability in   accordance     with
        Pemerintah No. 35 Tahun 2021 (PP 35/2021)                      Government Regulation No. 35 Year 2021
        yang menerapkan pengaturan Peraturan                           (PP 35/2021) that implement the provisions of
        Pemerintah    Pengganti   Undang-Undang                        Government Regulation in Lieu of Law
        (Perppu) No. 2/2022 tentang Cipta Kerja.                       (“Perppu”) No. 2/2022 on Job Creation (Cipta
        Perppu Cipta Kerja 2/2022 telah ditetapkan                     Kerja). Perppu Cipta Kerja 2/2022 has been
        menjadi   Undang-Undang    pada     tanggal                    enacted into Law on March 31, 2023, based on
        31 Maret 2023 berdasarkan Undang-Undang                        Law No. 6 Year 2023.
        No. 6 Tahun 2023.

        Perhitungan estimasi beban dan liabilitas                      The calculation of estimated employee benefits
        imbalan kerja ditentukan berdasarkan Undang-                   expense and liabilities under the Law is
        Undang ditentukan dengan metode penilaian                      determined using the “Projected Unit Credit”
        aktuaria “Projected Unit Credit”.                              valuation method.




                                                         - 21 -
Page 220
PT SHIELD ON SERVICE TBK                                                                PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2024 dan 2023                                                                December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                     unless otherwise stated)


        Pengukuran kembali atas liabilitas (aset)                          Remeasurement on net defined benefit liability
        imbalan pasti neto, yang diakui sebagai                            (asset),     which   recognized        as    other
        penghasilan komprehensif lain, terdiri dari:                       comprehensive income, consists of:
        i. Keuntungan dan kerugian aktuarial;                              i. Actuarial gain and losses;
        ii. Imbal hasil atas aset program, tidak
           [                                                               ii. Return on program asset, excluding the
             termasuk jumlah yang dimasukkan dalam                              amount included in liabilities (asset) net
             bunga neto liabilitas (aset);                                      interest;
        iii. Setiap perubahan dampak batas aset, tidak                     iii. Every changes in asset ceiling, excluding
             termasuk jumlah yang dimasukkan dalam                              the amount included in liabilities (asset) net
             bunga neto atas liabilitas (aset).                                 interest.

        Pengukuran kembali atas liabilitas (aset)                          Remeasurement on net defined benefit
        imbalan pasti neto, yang diakui sebagai                            liabilities (asset), which recognized as other
        penghasilan       komprehensif       lain    tidak                 comprehensive income will not be reclassified
        direklasifikasi ke laba rugi periode berikutnya.                   subsequently to profit or loss in the next period.

        Keuntungan dan kerugian aktuarial yang                             Actuarial gain and losses arising from
        timbul dari penyelesaian dan perubahan                             experience adjustments and changes in
        asumsi aktuaria dibebankan atau dikreditkan                        actuarial assumptions are charged or credited
        ke ekuitas pada penghasilan komprehensif                           to equity in other comprehensive income in
        lainnya pada periode/tahun di mana terjadinya                      period/year in which they arise.
        perubahan tersebut.

        Keuntungan atau kerugian atas kurtailmen                           Gains or losses on the curtailment or
        atau penyelesaian suatu program imbalan                            settlement of a defined benefit plan are
        pasti   diakui    ketika kurtailmen  atau                          recognized when the curtailment or settlement
        penyelesaian terjadi.                                              occurs.

   m. Provisi                                                         m. Provisions

        Provisi diakui jika Grup memiliki kewajiban kini                   Provisions are recognized when the Group has
        (baik bersifat hukum maupun bersifat                               a present obligation (legal and constructive)
        konstruktif) yang akibat peristiwa masa lalu,                      where, as a result of a past event, it is probable
        besar kemungkinannya besar penyelesaian                            that an outflow of resources embodying
        kewajiban tersebut mengakibatkan arus keluar                       economic benefits will be required to settle the
        sumber daya yang mengandung manfaat                                obligation and a reliable estimate can be made
        ekonomi dan estimasi yang andal mengenai                           of the amount of the obligation.
        jumlah kewajiban tersebut dapat dibuat.

        Provisi ditelaah pada setiap tanggal pelaporan                     Provisions are reviewed at each reporting date
        dan disesuaikan untuk mencerminkan estimasi                        and adjusted to reflect the current best
        terbaik yang paling kini. Jika arus keluar                         estimate. If it is no longer probable that an
        sumber daya untuk menyelesaikan kewajiban                          outflow of resources embodying economic
        kemungkinan besar tidak terjadi, maka provisi                      benefits will be required to settle the obligation,
        dibatalkan.                                                        the provision is reversed.

        Ketika Grup mengharapkan sebagian atau                             Where the Group expects some or all of a
        seluruh provisi diganti, maka penggantian                          provision to be reimbursed, the reimbursement
        tersebut diakui sebagai aset yang terpisah                         is recognized as a separate asset but only
        tetapi hanya pada saat timbul keyakinan                            when the reimbursement is virtually certain.
        penggantian pasti diterima. Beban yang terkait                     The expense relating to any provision is
        dengan provisi disajikan secara neto setelah                       presented in profit or loss net of any
        dikurangi jumlah yang diakui sebagai                               reimbursement.
        penggantiannya.

   n.   Pengakuan Pendapatan dan Beban                                n.   Revenue and Expense Recognition

        Pendapatan diakui ketika Grup memenuhi                             Revenue is recognized when the Group
        kewajiban pelaksanaan dengan memberikan                            satisfies a performance obligation by providing
        jasa kepada pelanggan, yaitu ketika pelanggan                      service to the customers, which is when the
        memperoleh manfaat dan kendali dari                                customers obtain benefits and control from the
        penggunaan     jasa   tersebut.     Kewajiban                      usage of the service. A performance obligation
        pelaksanaan dapat dipenuhi pada suatu                              may be satisfied at a point in time or over the
        waktu atau seiring waktu. Jika kewajiban                           time. If a performance obligation is satisfied




                                                             - 22 -
Page 221
PT SHIELD ON SERVICE TBK                                                             PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2024 dan 2023                                                             December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                             (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                  unless otherwise stated)


        pelaksanaan dipenuhi dari waktu ke waktu,                       over time, the revenue is recognized based on
        pendapatan diakui berdasarkan persentase                        the percentage of completion reflecting the
        penyelesaian yang mencerminkan kemajuan                         progress towards complete satisfaction of that
        menuju pemenuhan kewajiban pelaksanaan                          performance obligation. The amount of revenue
        tersebut. Jumlah pendapatan yang diakui                         recognized is the amount allocated to the
        adalah jumlah yang dialokasikan untuk                           satisfied performance obligation.
        kewajiban pelaksanaan yang telah terpenuhi.

        Pendapatan diukur berdasarkan pertimbangan                      Revenue is measured based on the
        yang diharapkan menjadi hak Grup atas                           consideration to which the Group expects to be
        diserahkannya barang atau jasa yang                             entitled in exchange for transferring promised
        dijanjikan kepada pelanggan, tidak termasuk                     goods or service to customer, excluding
        jumlah yang dikumpulkan atas nama pihak                         amounts collected on behalf of third parties.
        ketiga.

        Pendapatan dari jasa penyedia sumber daya                       Revenue from human resources provider,
        manusia,     keamanan,    kebersihan    dan                     security, cleaning and parking management
        manajemen parkir diakui pada saat jasa telah                    services are recognized when the services
        diberikan kepada pelanggan.                                     have been provided to customers.

        Beban diakui pada saat terjadinya dengan                        Expenses are recognized when incurred by
        menggunakan dasar akrual.                                       using accrual basis.

        Saldo Kontrak                                                   Contract Balances

        Aset Kontrak                                                    Contract Assets

        Aset kontrak - pendapatan yang masih harus                      A contract asset - accrued revenue is initially
        diterima     pada   awalnya    diakui   untuk                   recognized for revenue earned from service
        pendapatan yang diperoleh dari jasa yang                        rendered over the time of the contract period
        diberikan seiring waktu dalam periode kontrak                   with the customer, whereby the amount
        dengan pelanggan dimana jumlah yang diakui                      recognized as contract assets will be
        sebagai aset kontrak akan direklasifikasi ke                    reclassified to trade receivables when billing
        piutang usaha saat penagihan dapat                              can be issued to the customer.
        diterbitkan kepada pelanggan.

        Liabilitas Kontrak                                              Contract Liabilities

        Liabilitas kontrak diakui jika pembayaran telah                 A contract liability is recognized if a payment is
        diterima atau pembayaran telah jatuh tempo                      received or a payment is due (whichever is
        (mana yang lebih dahulu) dari pelanggan                         earlier) from a customer before the Group
        sebelum Grup mengalihkan jasa terkait.                          transfers the related services. Contract
        Liabilitas kontrak diakui sebagai pendapatan                    liabilities are recognized as revenue when the
        pada saat       Grup melaksanakan       kontrak                 Group performs under the contract (i.e.,
        tersebut (yaitu, mengalihkan kendali atas jasa                  transfers control of the related services to the
        terkait kepada pelanggan). Liabilitas kontrak                   customer). Contract liabilities are presented
        disajikan dalam “Uang Muka Pelanggan” di                        under “Advance From Customers” in the
        laporan posisi keuangan konsolidasian.                          consolidated statements of financial position.

   o.   Pajak Penghasilan                                          o.   Income Tax

        Beban pajak terdiri dari pajak kini dan                         Income tax expense comprises current and
        tangguhan. Beban pajak diakui dalam laporan                     deferred tax. Income tax expense is recognized
        laba rugi kecuali untuk transaksi yang                          in profit or loss except to the extent that it
        berhubungan dengan transaksi diakui diluar                      relates to items recognized outside profit or
        laba atau rugi, baik dalam penghasilan                          loss, either in other comprehensive income or
        komprehensif lain atau langsung pada ekuitas.                   directly in equity.




                                                          - 23 -
Page 222
PT SHIELD ON SERVICE TBK                                                             PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2024 dan 2023                                                             December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                             (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                  unless otherwise stated)


       Pajak Kini                                                     Current Tax

       Beban pajak kini dihitung menggunakan tarif                    Current tax expense is calculated using tax
       pajak yang berlaku pada tanggal pelaporan                      rates that have been enacted or substantively
       keuangan, dan ditetapkan berdasarkan                           enacted at end of the reporting period, and is
       taksiran laba kena pajak tahun berjalan.                       provided based on the estimated taxable
       Manajemen secara periodik mengevaluasi                         income for the year. Management periodically
       posisi yang dilaporkan di Surat Pemberitahuan                  evaluates positions taken in Annual Tax
       Tahunan sehubungan dengan situasi di mana                      Returns with respect to situations in which
       aturan pajak yang berlaku membutuhkan                          applicable tax regulation is subject to
       interpretasi.    Jika    perlu,   manajemen                    interpretation. It establishes provision where
       menentukan provisi berdasarkan jumlah yang                     appropriate on the basis of amounts expected
       diharapkan akan dibayar kepada otoritas                        to be paid to the tax authorities.
       pajak.

       Kekurangan atau kelebihan pembayaran pajak                     Underpayment or overpayment of corporate
       penghasilan badan dicatat sebagai bagian dari                  income tax are presented as part of current
       beban pajak kini dalam laporan laba rugi dan                   income tax expense in the statements of profit
       penghasilan komprehensif lain.                                 or loss and other comprehensive income.

       Koreksi terhadap liabilitas perpajakan diakui                  Amendments to tax obligations are recorded
       pada saat surat ketetapan pajak diterima. Jika                 when a tax assessment letter is received. If
       Perusahaan        mengajukan        keberatan,                 the Company files an appeal, the Company
       Perusahaan mempertimbangkan apakah besar                       considers whether it is probable that a taxation
       kemungkinan otoritas pajak akan menerima                       authority will accept the appeal and reflect its
       keberatan    tersebut     dan   merefleksikan                  effect on the Company’s tax obligations.
       dampaknya terhadap liabilitas perpajakan
       Perusahaan.

       Pajak Tangguhan                                                Deferred Tax

       Pajak tangguhan diakui dengan menggunakan                      Deferred tax is provided using the liability
       metode liabilitas atas perbedaan temporer kena                 method on temporary differences between the
       pajak yang timbul dari perbedaan antara dasar                  tax bases of assets and liabilities and their
       pengenaan pajak aset dan liabilitas dengan                     carrying amounts for financial reporting
       jumlah tercatatnya pada tanggal pelaporan.                     purposes at the reporting date.

       Liabilitas pajak tangguhan diakui untuk semua                  Deferred tax liabilities are recognized for all
       perbedaan temporer kena pajak dengan                           taxable temporary differences with certain
       beberapa pengecualian.                                         exceptions.

       Aset pajak tangguhan diakui untuk seluruh                      Deferred tax assets are recognized for all
       perbedaan temporer yang dapat dikurangkan                      deductible temporary differences and the carry
       dan rugi fiskal yang dapat dikompensasikan.                    forward benefit of any unused tax losses.
       Aset pajak tangguhan diakui dan direviu pada                   Deferred tax assets are recognized and
       setiap tanggal pelaporan atau diturunkan jumlah                reviewed at each reporting date and reduced
       tercatatnya, sepanjang kemungkinan besar laba                  to the extent that it is probable that taxable
       kena pajak tersedia untuk pemanfaatan                          profit will be available against which the
       perbedaan temporer yang dapat dikurangkan                      deductible temporary differences and the carry
       dan rugi fiskal yang dapat dikompensasikan.                    forward benefit of unused tax losses can be
                                                                      utilized.

       Aset dan liabilitas pajak tangguhan diukur                     Deferred tax assets and liabilities are
       dengan menggunakan tarif pajak yang                            measured at the tax rates that are expected to
       diharapkan berlaku ketika aset dipulihkan atau                 apply in the year when the asset is realized or
       liabilitas diselesaikan, berdasarkan tarif pajak               the liability is settled, based on tax rates (or tax
       (atau peraturan pajak) yang telah berlaku atau                 laws) that have been enacted or substantively
       secara substantif telah berlaku pada tanggal                   enacted at the reporting date.
       pelaporan.




                                                          - 24 -
Page 223
PT SHIELD ON SERVICE TBK                                                              PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2024 dan 2023                                                              December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                              (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                   unless otherwise stated)


        Aset pajak tangguhan dan liabilitas pajak                        Deferred tax assets and deferred tax liabilities
        tangguhan saling hapus jika dan hanya jika,                      are offset if and only if, a legally enforceable
        terdapat hak yang dipaksakan secara hukum                        right exists to set off current tax assets against
        untuk melakukan saling hapus aset pajak kini                     current tax liabilities and the deferred taxes
        terhadap liabilitas pajak kini dan pajak                         relate to the same taxable entity and the same
        tangguhan tersebut terkait dengan entitas                        taxation authority.
        kena pajak yang sama dan dikenakan oleh
        otoritas perpajakan yang sama.

   p.   Segmen Operasi                                              p.   Operating Segment

        Segmen operasi diidentifikasi berdasarkan                        Operating segments are identified on the basis
        laporan internal mengenai komponen dari                          of internal reports about components of
        Grup yang secara regular direview oleh                           the Group that are regularly reviewed by the
        pengambil keputusan operasional dalam                            chief operating decision maker in order to
        rangka mengalokasikan sumber daya dan                            allocate resources to the segments and to
        menilai kinerja segmen operasi.                                  assess their performances.

        Segmen operasi adalah suatu komponen dari                        An operating segment is a component of an
        entitas:                                                         entity:
        a) yang terlibat dalam aktivitas bisnis untuk                    a) that engages in business activities from
           memperoleh pendapatan dan menimbulkan                              which it may earn revenues and incurred
           beban (termasuk pendapatan dan beban                               expenses     (including   revenues    and
           terkait dengan transaksi dengan komponen                           expenses relating to the transactions with
           lain dari entitas yang sama);                                      other components of the same entity);
        b) yang hasil operasinya dikaji ulang secara                     b) whose operating results are reviewed
           regular     oleh     pengambil  keputusan                          regularly by the entity’s chief operating
           operasional untuk membuat keputusan                                decision maker to make decision about
           tentang sumber daya yang dialokasikan                              resources to be allocated to the segments
           pada segmen tersebut dan menilai                                   and assess its performance; and
           kinerjanya; dan
        c) dimana tersedia informasi keuangan yang                       c)   for which discrete financial information is
           dapat dipisahkan.                                                  available.

        Informasi yang digunakan oleh pengambil                          Information reported to the chief operating
        keputusan operasional dalam rangka alokasi                       decision maker for the purpose of resource
        sumber daya dan penilaian kinerja mereka                         allocation and assessment of performance is
        terfokus pada kategori dari setiap produk dan                    more specifically focused on the category of
        layanan.                                                         each product and service.

   q.   Laba Per Saham Dasar                                        q.   Basic Earnings Per Share

        Laba per saham dasar dihitung dengan                             Basic earnings per share is computed by
        membagi laba bersih yang diatribusikan                           dividing net income attributable to the owners
        kepada pemilik entitas induk dengan jumlah                       of the Company by the weighted average
        rata-rata tertimbang saham yang beredar pada                     number of shares outstanding during the
        periode/tahun yang bersangkutan.                                 period/year.

        Jika jumlah saham biasa meningkat atau                           If the number of ordinary shares increases or
        menurun sebagai akibat dari kapitalisasi,                        decreases as a result of capitalization, bonus
        penerbitan saham bonus, pemecahan saham,                         shares issuance, stock split, stock merger or
        penggabungan saham atau reklasifikasi                            stock reclassification, the calculation of basic
        saham, maka perhitungan laba per saham                           earnings per share for all periods presented is
        dasar untuk seluruh periode yang disajikan                       adjusted retrospectively. If such a change
        disesuaikan     secara     retrospektif.    Jika                 occurs after the reporting period but before the
        perubahan tersebut terjadi setelah periode                       consolidated     financial    statements     are
        pelaporan tapi sebelum laporan keuangan                          authorized for issue, the calculation of basic
        konsolidasian disetujui untuk diterbitkan, maka                  earnings per share for the current period and
        penghitungan laba per saham untuk periode                        each prior period presented is presented on the
        berjalan dan setiap periode sajian sebelumnya                    basis of the new number of shares.
        disajikan berdasarkan jumlah saham yang
        baru.




                                                           - 25 -
Page 224
PT SHIELD ON SERVICE TBK                                                                  PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2024 dan 2023                                                                  December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                  (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                       unless otherwise stated)


          Laba per saham dilusi dihitung dengan                              Diluted earnings per share amounts are
          membagi laba periode berjalan yang dapat                           calculated by dividing the net profit attributable
          diatribusikan kepada pemilik Perusahaan                            to the owners of the Company (after adjusting
          (setelah disesuaikan dengan dampak pajak                           for the after-income tax effect of interest and
          penghasilan atas bunga dan biaya keuangan                          other financing costs associated with dilutive
          lainnya yang terkait dengan instrumen                              potential ordinary shares) by the weighted
          berpotensi saham biasa yang bersifat dilutif)                      average number of ordinary shares outstanding
          dengan jumlah rata-rata tertimbang saham                           during the year as adjusted for the effects of all
          yang beredar selama periode yang telah                             dilutive potential ordinary shares.
          disesuaikan dengan dampak dari semua efek
          berpotensi saham biasa yang bersifat dilutif.

     r.   Peristiwa Setelah Periode Pelaporan                           r.   Events After Reporting Period

          Peristiwa setelah akhir periode yang memerlukan                    Any post period-end events that need
          penyesuaian dan menyediakan informasi                              adjustments and provide additional information
          tambahan tentang posisi Grup pada tanggal                          about the Group’s position at the reporting date
          pelaporan (adjusting event) tercermin dalam                        (adjusting event) are reflected in the
          laporan keuangan konsolidasi, jika ada.                            consolidated financial statements, if any.

          Peristiwa setelah akhir periode yang tidak                         Any post period-end event that is not an
          memerlukan penyesuaian diungkapkan dalam                           adjusting event is disclosed in the notes to the
          laporan keuangan konsolidasian apabila                             consolidated    financial   statements     when
          material.                                                          material.


3.   Pertimbangan Kritis Akuntansi dan Sumber                        3. Critical Accounting Judgments              and    Key
     Utama Ketidakpastian Estimasi                                      Sources of Estimation Uncertainty

     Penyusunan laporan keuangan konsolidasian Grup                     The preparation of the Group’s consolidated
     mengharuskan manajemen untuk membuat                               financial statements, in conformity with Indonesian
     pertimbangan, estimasi dan asumsi yang                             Financial     Accounting     Standards,        requires
     mempengaruhi jumlah yang dilaporkan dan                            management to make judgments, estimates and
     pengungkapan yang terkait, pada akhir periode                      assumptions that affect the reported amounts of
     pelaporan. Ketidakpastian mengenai asumsi dan                      revenues, expenses, assets and liabilities, and the
     estimasi    tersebut    dapat     mengakibatkan                    disclosure of contingent liabilities, at the end of the
     penyesuaian material terhadap nilai tercatat pada                  reporting dates.       Uncertainty      about    these
     aset dan liabilitas dalam periode pelaporan                        assumptions and estimates could result in
     berikutnya.                                                        outcomes that require a material adjustment to the
                                                                        carrying amount of the asset and liability affected
                                                                        in future periods.

     Pertimbangan                                                       Judgments

     Dalam proses penerapan kebijakan akuntansi                         The following judgments are made by management
     Grup, manajemen telah membuat keputusan                            in the process of applying the Group’s accounting
     berikut, yang memiliki pengaruh paling signifikan                  policies that have the most significant effects on
     terhadap jumlah yang diakui dalam laporan                          the amounts recognized in the consolidated
     keuangan konsolidasian:                                            financial statements:

     Klasifikasi Instrumen Keuangan                                     Classification of Financial Instrument

     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 bila                   financial liabilities by judging if they meet the
     definisi yang ditetapkan dalam PSAK No. 109                        definition set forth in PSAK No. 109.
     dipenuhi.




                                                            - 26 -
Page 225
PT SHIELD ON SERVICE TBK                                                          PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                            AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                     Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                            For the Years Ended
31 Desember 2024 dan 2023                                                          December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                          (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                               unless otherwise stated)


   Estimasi dan Asumsi                                          Estimations and Assumptions

   Asumsi utama masa depan dan ketidakpastian                   The key assumptions concerning the future and
   sumber estimasi utama yang lain pada tanggal                 other key sources of estimation uncertainty at the
   pelaporan yang memiliki risiko signifikan bagi               reporting date that have a significant risk of causing
   penyesuaian yang material terhadap nilai tercatat            a material adjustment to the carrying amounts of
   aset dan liabilitas untuk tahun berikutnya                   assets and liabilities within the next financial year
   diungkapkan di bawah ini. Grup mendasarkan                   are disclosed below. The Group based its
   asumsi dan estimasi pada parameter yang tersedia             assumptions and estimates on parameters
   pada saat laporan keuangan konsolidasian                     available when the consolidated financial
   disusun.                                                     statements were prepared.

   Asumsi dan situasi mengenai perkembangan masa                Existing circumstances and assumptions about
   depan mungkin berubah akibat perubahan pasar                 future developments may change due to market
   atau situasi di luar kendali Grup. Perubahan                 changes or circumstances arising beyond the
   tersebut dicerminkan dalam asumsi terkait pada               control of the Group. Such changes are reflected in
   saat terjadinya.                                             the assumptions when they occur.

   Penyusutan Aset Tetap                                        Depreciation of Fixed Assets

   Biaya perolehan aset tetap disusutkan dengan                 The costs of fixed assets are depreciated on a
   menggunakan metode garis lurus berdasarkan                   straight-line method over their estimated useful
   taksiran masa manfaat ekonomisnya. Manajemen                 lives. Management estimates the useful lives of
   mengestimasi masa manfaat aset tetap antara 4                these fixed assets to be within 4 to 8 years. These
   sampai dengan 8 tahun. Ini adalah umur yang                  are common life expectancies applied in the
   secara umum diharapkan dalam industri di mana                industries where the Group conducts its
   Grup menjalankan bisnisnya. Perubahan tingkat                businesses. Changes in the expected level of
   pemakaian dan perkembangan teknologi dapat                   usage and technological development could impact
   mempengaruhi masa manfaat ekonomis dan nilai                 the economic useful lives and the residual values
   residu aset, dan karenanya biaya penyusutan                  of these assets, and therefore future depreciation
   masa depan mungkin direvisi.                                 charges could be revised.

   Imbalan Kerja                                                Employee Benefits

   Penentuan liabilitas imbalan pascakerja Grup                 The determination of the Group’s cost for employee
   bergantung pada pemilihan asumsi yang                        benefits liabilities is dependent on its selection of
   digunakan     oleh    manajemen   Grup    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 rates,
   tingkat kenaikan gaji, tingkat pengunduran diri              future annual salary increase, annual employee
   karyawan tahunan, tingkat mortalitas dan usia                turn-over rate, disability rate, retirement age and
   pensiun. Hasil aktual yang berbeda dari asumsi               mortality rate. Actual results that differ from
   yang ditetapkan Grup langsung diakui dalam laba              the Group’s assumptions are recognized
   atau rugi pada saat terjadinya.                              immediately in the profit or loss as and when they
                                                                occurred.

   Sementara Grup berkeyakinan bahwa asumsi                     While the Group believes that its assumptions are
   tersebut adalah wajar dan sesuai, perbedaan                  reasonable and appropriate, significant differences
   signifikan pada hasil aktual atau perubahan                  in the Group’s actual experiences or significant
   signifikan dalam asumsi yang ditetapkan Grup                 changes in the Group’s assumptions may
   dapat mempengaruhi secara material liabilitas                materially affect its estimated liabilities for pension
   diestimasi atas imbalan kerja dan beban imbalan              and employees’ benefits and net employee benefits
   kerja neto.                                                  expense.




                                                       - 27 -
Page 226
PT SHIELD ON SERVICE TBK                                                                  PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2024 dan 2023                                                                  December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                  (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                       unless otherwise stated)


     Pajak Penghasilan                                                  Income Tax

     Pertimbangan     signifikan   dilakukan    dalam                   Significant judgment is involved in determining the
     menentukan provisi atas pajak penghasilan badan.                   provision for corporate income tax. There are
     Terdapat transaksi dan perhitungan tertentu yang                   certain transactions and computation for which the
     penentuan pajak akhirnya adalah tidak pasti                        ultimate tax determination is uncertain during the
     sepanjang kegiatan usaha normal. Grup mengakui                     ordinary course of business. The Group recognizes
     liabilitas atas    pajak    penghasilan    badan                   liabilities for expected corporate income tax issues
     berdasarkan estimasi apakah akan terdapat                          based on estimates of whether additional corporate
     tambahan pajak penghasilan badan.                                  income tax will be due.

     Provisi Penurunan Nilai Piutang Usaha                              Impairment of Trade Receivables

     Saat mengukur ECL, Grup menggunakan                                When measuring ECL, the Group uses
     informasi masa depan yang wajar dan dapat                          reasonable and supportable forward-looking
     didukung, yang didasarkan pada asumsi untuk                        information, which is based on assumptions for
     pergerakan masa depan dari berbagai pendorong                      the future movement of different economic drivers
     ekonomi dan bagaimana penggerak ini akan                           and how these drivers will affect each other.
     saling mempengaruhi.

     Loss given default adalah estimasi kerugian yang                   Loss given default is an estimate of the loss
     timbul karena gagal bayar. Perhitungan                             arising on default. It is based on the difference
     didasarkan pada perbedaan antara arus kas                          between the contractual cash flows due and those
     kontraktual terutang dan yang diharapkan akan                      that the lender would expect to receive, taking into
     diterima, dengan mempertimbangkan arus kas                         account cash flows from collateral and integral
     dari agunan dan peningkatan kredit integral.                       credit enhancements

     Probability of default merupakan input utama                       Probability of default constitutes a key input in
     dalam mengukur ECL. Probability of default                         measuring ECL. Probability of default is an
     adalah perkiraan kemungkinan gagal bayar                           estimate of the likelihood of default over a given
     selama      jangka    waktu    tertentu,  yang                     time horizon, the calculation of which includes
     penghitungannya mencakup data historis, asumsi,                    historical data, assumptions and expectations of
     dan ekspektasi kondisi masa depan.                                 future conditions.

     Informasi mengenai ECL pada piutang usaha                          The information about the ECLs on the Group’s
     Grup diungkapkan dalam Catatan 6.                                  trade receivables is disclosed in Note 6.


4.   Tambahan Modal Disetor                                        4.   Additional Paid-In Capital

     Rincian tambahan modal disetor adalah sebagai                      The details of additional paid-in capital is as
     berikut:                                                           follows:

                                                  2024                   2023

     Tambahan modal disetor dari                                                    Additional paid-in capital of
       penawaran umum perdana                26.250.000.000         26.250.000.000     initial public offering
     Tambahan modal disetor dari                                                    Additional paid in capital of
       pelaksanaan waran                     35.859.415.440         35.859.415.440     exercise warrant
     Biaya emisi saham dari                                                         Cost issuance of initial
       penawaran umum perdana                 (3.194.059.994)       (3.194.059.994)    public offering
     Selisih nilai transaksi                                                        Difference arising from
       restrukturisasi entitas                                                         restructuring transaction of
       sepengendali                          (10.299.091.434)      (10.299.091.434)    entities under common control

     Total                                   48.616.264.012         48.616.264.012 Total




                                                          - 28 -
Page 227
PT SHIELD ON SERVICE TBK                                                                PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2024 dan 2023                                                                December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                     unless otherwise stated)


5.   Kas dan Setara Kas                                          5.    Cash and Cash Equivalents

     Akun ini terdiri dari:                                           This account consists of:

                                               2024                    2023

     Kas                                                                          Cash on hand
     Rupiah                                   192.493.080             438.631.120 Rupiah

     Bank - Pihak ketiga                                                            Cash in banks - Third parties
     Rekening Rupiah                                                                Rupiah Accounts
       PT Bank Danamon Indonesia Tbk       25.822.496.592           782.435.628       PT Bank Danamon Indonesia Tbk
       PT Bank Mizuho Indonesia             7.776.346.924                     -       PT Bank Mizuho Indonesia
       PT Bank Central Asia Tbk             4.560.073.382         7.136.481.609       PT Bank Central Asia Tbk
       PT Bank Rakyat Indonesia                                                       PT Bank Rakyat Indonesia
         (Persero) Tbk                      3.631.979.529        35.354.510.831         (Persero) Tbk
       PT Bank Sinarmas Tbk                 3.471.020.229        26.295.070.950       PT Bank Sinarmas Tbk
       PT Bank Negara                                                                 PT Bank Negara
         Indonesia (Persero) Tbk            3.240.279.091         4.743.665.389         Indonesia (Persero) Tbk
       PT Bank Mandiri (Persero) Tbk        1.074.400.069         5.406.944.450       PT Bank Mandiri (Persero) Tbk
       PT Bank Maybank Indonesia Tbk          526.951.373           437.497.041       PT Bank Maybank Indonesia Tbk
       PT Bank Shinhan Indonesia              187.602.044             5.753.330       PT Bank Shinhan Indonesia
       PT Bank Oke Indonesia Tbk               68.392.943           545.108.910       PT Bank Oke Indonesia Tbk
       PT Bank Pembangunan Daerah                                                     PT Bank Pembangunan Daerah
         Jawa Barat dan Banten Tbk             16.999.468              18.062.731       Jawa Barat dan Banten Tbk
       PT Bank CTBC Indonesia                   6.246.657               5.589.056     PT Bank CTBC Indonesia
       PT Bank SMBC Indonesia Tbk               4.406.713                       -     PT Bank SMBC Indonesia Tbk
       PT Bank Tabungan Negara                                                        PT Bank Tabungan Negara
         (Persero) Tbk                                   -             69.693.596       (Persero) Tbk
       PT Allo Bank Indonesia Tbk                        -              4.657.860     PT Allo Bank Indonesia Tbk
       PT Bank DKI                                       -              1.639.688     PT Bank DKI

     Sub-total                             50.387.195.014        80.807.111.069 Sub-total

     Deposito berjangka - Pihak ketiga                                          Time deposits - Third parties
     Rupiah                                                                     Rupiah
       PT Bank Rakyat Indonesia                                                   PT Bank Rakyat Indonesia
         (Persero) Tbk                      1.132.382.000           986.000.000     (Persero) Tbk
       PT Bank Mandiri (Persero) Tbk                     -        3.935.620.923   PT Bank Mandiri (Persero) Tbk

     Sub-total                              1.132.382.000         4.921.620.923 Sub-total

     Total                                 51.712.070.094        86.167.363.112 Total


     Pada tanggal 31 Desember 2023, saldo kas                          As at December 31, 2023, cash in bank which
     di bank yang ditempatkan pada PT Bank                             placed in PT Bank Rakyat Indonesia (Persero)
     Rakyat    Indonesia  (Persero)   Tbk  sebesar                     Tbk amounted to Rp15,000,000,000, used as
     Rp15.000.000.000 dijadikan jaminan atas utang                     collateral for the short-term bank loans (Note 13).
     bank jangka pendek (Catatan 13).

     Pada tanggal 31 Desember 2024 dan 2023, tingkat                   As at December 31, 2024 and 2023, interest
     bunga deposito berjangka berkisar antara 4,50% -                  rate for time deposits ranging from 4.50% - 4.75%
     4,75% per tahun dan 2,50% - 7,00% per tahun.                      per annum and 2.50% - 7.00% per annum,
                                                                       respectively.

     Pada tanggal 31 Desember 2024, deposito                           As at December 31, 2024, time deposits which
     berjangka sebesar Rp2.443.300.000 yang dibatasi                   placed amounted to Rp2,443,300,000, which are
     penggunaannya dan dijadikan jaminan atas                          restricted to use and pledged as collateral for the
     fasilitas bank garansi (Catatan 32) disajikan                     bank guarantee facility (Note 32) are presented as
     sebagai “Deposito Berjangka yang Dibatasi                         “Restricted Time Deposit” in the consolidated
     Penggunaanya” pada laporan posisi keuangan                        statement of financial position.
     konsolidasian.




                                                        - 29 -
Page 228
PT SHIELD ON SERVICE TBK                                                                 PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                   For the Years Ended
31 Desember 2024 dan 2023                                                                 December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                 (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                      unless otherwise stated)


6.   Piutang Usaha                                              6.      Trade Receivables

     Rincian piutang usaha berdasarkan bidang usaha                     The details of trade receivables based on
     adalah sebagai berikut:                                            business activities are as follows:

                                               2024                     2023
     Jasa penyedia sumber daya manusia    162.733.420.014       114.069.188.385      Human resources provider services
     Jasa keamanan                         58.212.889.757        71.142.670.374      Security services
     Jasa kebersihan                       11.628.973.602        14.036.369.184      Cleaning services
     Jasa manajemen parkir                    404.309.537           619.093.581      Parking management services
     Lain-lain                                          -            41.933.500      Others

     Total                                232.979.592.910       199.909.255.024 Total
     Dikurangi cadangan                                                          Less allowance for impairment
       penurunan nilai piutang usaha         (809.088.539)       (1.530.048.791)   of trade receivables
     Neto                                 232.170.504.371       198.379.206.233 Net


     Rincian piutang usaha berdasarkan pelanggan                        The details of trade receivables based on
     adalah sebagai berikut:                                            customers are as follows:

                                               2024                     2023
     Pihak Ketiga                                                                    Third Parties
     PT Pindo Deli Pulp and Paper Mills    80.939.923.305        26.338.755.272      PT Pindo Deli Pulp and Paper Mills
     PT Pabrik Kertas Tjiwi Kimia Tbk      38.141.522.109        55.632.076.899      PT Pabrik Kertas Tjiwi Kimia Tbk
     PT Indah Kiat Pulp & Paper Tbk         5.974.577.335         3.489.011.347      PT Indah Kiat Pulp & Paper Tbk
     PT Bumi Andalas Permai                 4.934.230.428         4.726.065.801      PT Bumi Andalas Permai
     PT Bumi Mekar Hijau                    4.040.849.948         4.320.289.656      PT Bumi Mekar Hijau
     Perusahaan Umum Pembangunan                                                     Perusahaan Umum Pembangunan
       Perumahan Nasional                   3.571.048.585            1.694.380.199     Perumahan Nasional
     PT Bank Danamon Indonesia Tbk          3.119.548.216            3.169.192.983   PT Bank Danamon Indonesia Tbk
     PT Sebangun Bumi Andalas                                                        PT Sebangun Bumi Andalas
       Wood Industries                      2.843.319.117            2.163.989.723     Wood Industries
     PT Lion Super Indo                     2.786.072.311            1.689.927.238   PT Lion Super Indo
     PT Kamadjaja Logistics                 2.763.212.726            5.302.980.727   PT Kamadjaja Logistics
     PT Sinar Mas Agro Resources &                                                   PT Sinar Mas Agro Resources &
       Technology Tbk                       2.506.805.256            2.809.477.699     Technology Tbk
     PT Wirakarya Sakti                     2.289.564.669            4.875.061.729   PT Wirakarya Sakti
     PT Sinarmas Distribusi Nusantara       2.130.413.834            1.910.767.804   PT Sinarmas Distribusi Nusantara
     PT SMPlus Sentra Data Persada          2.005.340.802                        -   PT SMPlus Sentra Data Persada
     PT Anugerah Pharmindo Lestari          1.975.097.647            5.725.072.463   PT Anugerah Pharmindo Lestari
     PT Bumi Serpong Damai Tbk              1.813.048.584            2.758.264.733   PT Bumi Serpong Damai Tbk
     PT Smartfren Telecom Tbk               1.538.191.005            2.496.011.093   PT Smartfren Telecom Tbk
     PT Tempo                                 886.805.762            2.285.435.999   PT Tempo
     PT Sumber Daya Energi                              -            7.299.771.098   PT Sumber Daya Energi
     Sekretariat Utama - Badan Riset                                                 Sekretariat Utama - Badan Riset
       dan Inovasi Nasional                             -            5.828.655.352     dan Inovasi Nasional
     Lain-lain (masing-masing                                                        Others (each below
       dibawah Rp2.000.000.000)            68.720.021.271        55.394.067.209        Rp2,000,000,000)

     Total                                232.979.592.910       199.909.255.024 Total
     Dikurangi cadangan                                                          Less allowance for impairment
       penurunan nilai piutang usaha         (809.088.539)       (1.530.048.791)   of trade receivables

     Neto                                 232.170.504.371       198.379.206.233 Net



     Pada tanggal 31 Desember 2024 dan 2023,                            As at December 31, 2024 and 2023, all the
     seluruh nilai tercatat piutang usaha Grup                          carrying amount of the Group’s trade receivables
     berdenominasi Rupiah.                                              are denominated in Rupiah.




                                                       - 30 -
Page 229
PT SHIELD ON SERVICE TBK                                                                            PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                              AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                       Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                              For the Years Ended
31 Desember 2024 dan 2023                                                                            December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                            (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                                 unless otherwise stated)


     Analisis umur piutang usaha sebelum cadangan                                  The aging schedule of trade receivables before
     penurunan nilai adalah sebagai berikut:                                       allowance for impairment are as follows:

                                                          2024                     2023
     Belum jatuh tempo                           202.359.830.256           152.536.313.792 Not due yet
     Sudah jatuh tempo:                                                                    Over due:
       1 - 30 hari                                 27.356.238.719           41.849.905.926   1-30 days
       31 - 60 hari                                   899.159.011            2.497.620.809   31-60 days
       61 - 90 hari                                 1.649.449.601            1.417.305.370   61-90 days
       Lebih dari 90 hari                             714.915.323            1.608.109.127   More than 90 days

     Total                                       232.979.592.910           199.909.255.024 Total


     Mutasi cadangan penurunan nilai piutang usaha                                 Movement allowance for impairment of trade
     adalah sebagai berikut:                                                       receivables are as follows:

                                                          2024                     2023

     Saldo awal                                        1.530.048.791              448.533.020   Beginning balance
     Penambahan (Catatan 23)                             166.428.766            1.081.515.771   Additions (Note 23)
     Penghapusan                                        (481.253.041)                       -   Written-off
     Pemulihan (Catatan 25)                             (406.135.977)                       -   Recovery (Note 25)

     Saldo Akhir                                        809.088.539             1.530.048.791 Ending Balance


     Berdasarkan hasil penelaahan terhadap piutang                                Based on review of the trade receivables status at
     usaha pada akhir tahun, manajemen Grup                                       year end, the Group's management is of the
     berpendapat bahwa cadangan penurunan nilai                                   opinion that the allowance for impairment is
     cukup untuk menutupi kemungkinan kerugian yang                               adequate to cover any possible loss from the
     timbul dari tidak tertagihnya piutang usaha.                                 non-collection of trade receivables.

     Pada tanggal 31 Desember 2024 dan 2023,                                      As at December 31, 2024 and 2023, part of trade
     sebagian piutang usaha dijadikan jaminan atas                                receivables were pledged as collateral for short-
     utang bank jangka pendek (Catatan 13).                                       term bank loans (Notes 13).


7.   Persediaan                                                            7.     Inventories

     Rincian persediaan berdasarkan bidang usaha                                  The details of inventories based on business
     adalah sebagai berikut:                                                      activities are as follows:

                                                          2024                     2023
     Jasa keamanan                                     4.252.203.414            3.993.642.742   Security services
     Jasa kebersihan                                   2.126.684.379            2.812.882.494   Cleaning services
     Jasa manajemen parkir                               378.242.843              392.078.731   Parking management services
     Jasa penyedia sumber daya manusia                   170.808.435              305.616.718   Human resources provider services
     Lain-lain                                            86.154.200               59.053.665   Others
     Total                                             7.014.093.271            7.563.274.350 Total


     Rincian persediaan       berdasarkan      jenis     adalah                   The details of inventories based on types are as
     sebagai berikut:                                                             follows:

                                                          2024                     2023
     Seragam                                           4.511.223.635            5.443.828.893   Uniform
     Mesin, peralatan dan perlengkapan kerja           1.530.360.837            1.326.883.898   Machinery, equipment and work supplies
     Komputer dan perlengkapan kantor                    558.550.697              282.285.770   Computer and office supplies
     Bahan kimia                                         413.958.102              510.275.789   Chemical
     Total                                             7.014.093.271            7.563.274.350 Total




                                                                  - 31 -
Page 230
PT SHIELD ON SERVICE TBK                                                                                   PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                                     AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                              Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                     For the Years Ended
31 Desember 2024 dan 2023                                                                                   December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                                   (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                                        unless otherwise stated)


     Berdasarkan hasil penelaahan terhadap kondisi                                       Based on the review of the condition of inventories
     persediaan pada akhir tahun, manajemen Grup                                         at the end of the year, the management of
     berpendapat bahwa nilai tercatat persediaan telah                                   the Group is of the opinion that the carrying value
     mendekati nilai realisasi netonya, sehingga tidak                                   of inventories approximated their net realizable
     diperlukan penyisihan penurunan nilai persediaan.                                   value, therefore no allowance for impairment of
                                                                                         inventories is necessary.

     Pada tanggal 31 Desember 2024 dan 2023, tidak                                       As at December 31, 2024 and 2023, no inventories
     terdapat persediaan Grup yang dijaminkan.                                           are pledged.

     Pada tanggal 31 Desember 2024 dan 2023, tidak                                       As of December 31, 2024 and 2023, inventories
     terdapat     persediaan     yang       diasuransikan.                               were not insured. Management assesses that there
     Manajemen menilai belum perlunya asuransi atas                                      is no need for insurance on inventories due to the
     persediaan karena sifat persediaan yang cepat                                       nature of inventories which are fast moving and the
     habis dan nilainya yang relatif kecil.                                              relatively small value.


8.   Pendapatan yang Masih Harus Diterima                                         8.     Accrued Revenue

     Akun ini terdiri dari:                                                              This account consists of:

                                                               2024                      2023

     Jasa penyedia sumber daya manusia                45.196.815.067               61.292.715.119       Human resources provider services
     Jasa keamanan                                    42.904.372.484               43.016.823.976       Security services
     Jasa kebersihan                                  13.711.522.873               17.583.643.036       Cleaning services
     Jasa manajemen parkir                               197.328.930                  212.488.405       Parking management services
     Lain-lain                                            90.548.643                  417.310.717       Others

     Total                                          102.100.587.997               122.522.981.253 Total


     Manajemen Grup berpendapat bahwa seluruh                                            The management of the Group is of the opinion
     pendapatan yang masih harus diterima dapat                                          that all trade receivables are fully collectible,
     tertagih seluruhnya, sehingga tidak diperlukan                                      therefore, no allowance for impairment was
     penyisihan penurunan nilai.                                                         provided.


9.   Aset Tetap                                                                   9.     Fixed Assets
                                                                       2024

                              Saldo Awal/
                               Beginning     Penambahan/              Pengurangan/          Reklasifikasi/         Saldo Akhir/
                                Balance        Additions               Deductions        Reclasssifications       Ending Balance

     Harga perolehan                                                                                                                 Acquisition cost
     Kepemilikan langsung                                                                                                            Direct ownership
        Bangunan               225.000.000                 -                        -                         -       225.000.000       Building
        Kendaraan           12.119.056.646        75.463.261           (4.968.667.583)                        -      7.225.852.324      Vehicles
        Peralatan kantor    19.243.999.227     1.473.950.371              (68.650.000)                        -     20.649.299.598      Office equipment
        Peralatan proyek    35.676.113.679     6.334.307.808                        -                         -     42.010.421.487      Project equipment

     Total                  67.264.169.552     7.883.721.440           (5.037.317.583)                        -     70.110.573.409   Total

     Akumulasi penyusutan                                                                                                            Accumulated depreciation
     Kepemilikan langsung                                                                                                            Direct ownership
       Bangunan              104.062.500          11.250.000                        -                         -        115.312.500      Building
       Kendaraan           8.764.463.071         623.961.237           (4.901.909.771)                        -      4.486.514.537      Vehicles
       Peralatan kantor   16.313.264.687       1.222.720.341              (68.650.000)                        -     17.467.335.028      Office equipment
       Peralatan proyek   25.282.166.927       4.840.389.173                        -                         -     30.122.556.100      Project equipment

     Total                  50.463.957.185     6.698.320.751           (4.970.559.771)                        -     52.191.718.165   Total

     Nilai tercatat neto    16.800.212.367                                                                         17.918.855.244    Net carrying amount




                                                                         - 32 -
Page 231
PT SHIELD ON SERVICE TBK                                                                                          PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                                            AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                     Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                            For the Years Ended
31 Desember 2024 dan 2023                                                                                          December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                                          (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                                               unless otherwise stated)

                                                                              2023*)

                                Saldo Awal/
                                 Beginning           Penambahan/             Pengurangan/          Reklasifikasi/          Saldo Akhir/
                                  Balance              Additions              Deductions        Reclasssifications        Ending Balance

   Harga perolehan                                                                                                                           Acquisition cost
   Kepemilikan langsung                                                                                                                      Direct ownership
      Bangunan                    225.000.000                     -                       -                         -          225.000.000      Building
      Kendaraan                 9.547.527.954            93.583.788          (1.481.007.556)            3.958.952.460       12.119.056.646      Vehicles
      Peralatan kantor         17.166.517.475         2.287.613.175            (210.131.423)                        -       19.243.999.227      Office equipment
      Peralatan proyek         32.442.359.284         3.635.879.040            (402.124.645)                        -       35.676.113.679      Project equipment

   Total                       59.381.404.713         6.017.076.003          (2.093.263.624)            3.958.952.460       67.264.169.552   Total

   Akumulasi penyusutan                                                                                                                      Accumulated depreciation
   Kepemilikan langsung                                                                                                                      Direct ownership
     Bangunan               92.812.500                   11.250.000                       -                          -         104.062.500      Building
     Kendaraan           9.227.426.784                  623.179.262          (1.473.882.556)               387.739.581       8.764.463.071      Vehicles
     Peralatan kantor   14.536.761.922                1.866.990.262             (90.487.497)                         -      16.313.264.687      Office equipment
     Peralatan proyek   22.022.403.927                3.578.513.044            (318.750.044)                         -      25.282.166.927      Project equipment

   Total                       45.879.405.133         6.079.932.568          (1.883.120.097)               387.739.581      50.463.957.185   Total

   Nilai tercatat neto         13.501.999.580                                                                               16.800.212.367   Net carrying amount


   *)                                                                                          *)
        Setelah direklasifikasi, lihat Catatan 31.                                                  As reclassified, refer to Note 31.

   Beban penyusutan dibebankan dan dialokasikan                                                Depreciation expense was charged and allocated
   sebagai berikut:                                                                            as follows:

                                                                      2024                      2023*)

   Beban pokok pendapatan (Catatan 22)                        4.378.556.591                 3.889.168.798 Cost of revenues (Note 22)
   Beban umum dan administrasi                                                                            General and administrative
     (Catatan 23)                                             2.319.764.160                 2.190.763.770   expenses (Note 23)

   Total                                                      6.698.320.751                 6.079.932.568 Total

   *)                                                                                          *)
        Setelah direklasifikasi, lihat Catatan 31.                                                  As reclassified, refer to Note 31.

   Pelepasan aset tetap adalah sebagai berikut:                                                Disposal of fixed assets are as follow:

                                                                      2024                          2023

   Penerimaan dari penjualan aset tetap                       1.712.639.638                   852.180.678 Proceeds from sale of fixed assets
   Nilai tercatat neto                                          (66.757.812)                 (101.026.996) Net carrying amount

   Laba penjualan aset tetap (Catatan 25)                     1.645.881.826                    751.153.682 Gain on sale of fixed assets (Note 25)


   Pada tanggal 31 Desember 2024 dan 2023, aset                                                As at December 31, 2024 and 2023, the Group's
   tetap Grup diasuransikan terhadap kerugian akibat                                           fixed assets are covered by insurance against
   kebakaran dan risiko lain pada PT Asuransi Umum                                             losses from fire and other risks with PT Asuransi
   BCA, PT Asuransi Raksa Pratikara, PT Asuransi                                               Umum BCA, PT Asuransi Raksa Pratikara,
   Sinarmas dan PT Asuransi Multi Artha Guna, pihak                                            PT Asuransi Sinarmas dan PT Asuransi Multi Artha
   ketiga, dengan jumlah nilai pertanggungan masing-                                           Guna, third parties, with sum insured of
   masing       sebesar     Rp4.011.754.000       dan                                          Rp4,011,754,000         and       Rp4,498,400,000,
   Rp4.498.400.000. Manajemen berpendapat bahwa                                                respectively. The management is of the opinion
   nilai pertanggungan tersebut cukup untuk menutupi                                           that the insurance coverage is adequate to cover
   kemungkinan      kerugian     atas    aset    yang                                          possible losses on the assets from such risks.
   dipertanggungkan terhadap risiko-risiko tersebut.




                                                                                - 33 -
Page 232
PT SHIELD ON SERVICE TBK                                                                                     PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                                       AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                       For the Years Ended
31 Desember 2024 dan 2023                                                                                     December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                                     (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                                          unless otherwise stated)


   Pada tanggal 31 Desember 2024 dan 2023, harga                                          As at December 31, 2024 and 2023, the costs of
   perolehan aset tetap Grup yang telah disusutkan                                        the Group’s fixed assets that have been fully
   penuh tetapi masih digunakan masing-masing                                             depreciated but are still being utilized amounted to
   sebesar Rp38.568.108.339 dan Rp36.945.877.171.                                         Rp38,568,108,339         and     Rp36,945,877,171,
                                                                                          respectively.

   Pada tanggal 31 Desember 2024 dan 2023, tidak                                          As at December 31, 2024 and 2023, there are no
   terdapat komitmen kontraktual dalam perolehan                                          contractual commitments to acquire of fixed assets,
   aset tetap, tidak terdapat aset tetap yang tidak                                       there are no fixed assets that are temporarily
   terpakai sementara, tidak terdapat aset tetap yang                                     unused, there are no fixed assets that have been
   dihentikan dari penggunaan aktif dan tidak                                             discontinued from active use and are not classified
   diklasifikasikan sebagai tersedia untuk dijual dan                                     as available for sale and there are no fixed assets
   tidak terdapat aset tetap yang berasal dari hibah.                                     originating from grants.

   Berdasarkan penilaian manajemen, tidak terdapat                                        Based on management’s assessment, there are no
   kejadian-kejadian atau perubahan keadaan yang                                          events or changes in circumstances which may
   mengindikasikan adanya penurunan nilai aset tetap                                      indicate impairment in value of fixed assets as at
   pada tanggal 31 Desember 2024 dan 2023.                                                December 31, 2024 and 2023.

   Pada tanggal 31 Desember 2024 dan 2023, tidak                                          As at December 31, 2024 and 2023, no fixed
   terdapat aset tetap yang dijaminkan.                                                   assets are pledged.


10. Transaksi Sewa                                                                 10. Lease Transactions

   Aset hak guna                                                                          Right-of-use assets

   Jumlah tercatat aset hak guna yang diakui dan                                          The carrying amounts of right-of-use assets
   mutasinya selama tahun berjalan:                                                       recognized and the movements during the year:
                                                                         2024

                                Saldo Awal/
                                 Beginning           Penambahan/       Pengurangan/           Reklasifikasi/          Saldo Akhir/
                                  Balance              Additions        Deductions         Reclasssifications        Ending Balance

   Nilai perolehan                                                                                                                       Acquisition cost
      Bangunan                 14.225.708.355          9.329.299.555      (639.351.850)                         -       22.915.656.060     Building

   Akumulasi penyusutan                                                                                                                  Accumulated depreciation
     Bangunan           11.827.239.082                5.627.823.129      (639.351.850)                          -      16.815.710.361      Building

   Nilai tercatat neto          2.398.469.273                                                                            6.099.945.699   Net carrying amount



                                                                        2023*)

                                Saldo Awal/
                                 Beginning           Penambahan/       Pengurangan/           Reklasifikasi/          Saldo Akhir/
                                  Balance              Additions        Deductions         Reclasssifications        Ending Balance

   Nilai perolehan                                                                                                                       Acquisition cost
   Bangunan                    15.862.426.931         3.015.133.274    (4.651.851.850)                         -       14.225.708.355    Building
   Kendaraan                    2.456.272.727         1.502.679.733                 -             (3.958.952.460 )                  -    Vehicles

   Jumlah                      18.318.699.658         4.517.813.007    (4.651.851.850)            (3.958.952.460 )     14.225.708.355    Total

   Akumulasi penyusutan                                                                                                                  Accumulated depreciation
   Bangunan             10.506.173.788                5.972.917.145    (4.651.851.851)                         -       11.827.239.082    Building
   Kendaraan               387.739.581                            -                 -               (387.739.581 )                  -    Vehicles

   Jumlah                      10.893.913.369         5.972.917.145    (4.651.851.851)              (387.739.581 )     11.827.239.082    Total

   Nilai tercatat neto          7.424.786.289                                                                           2.398.469.273    Net carrying amount



   *)                                                                                     *)
        Setelah direklasifikasi, lihat Catatan 31.                                             As reclassified, refer to Note 31.




                                                                          - 34 -
Page 233
PT SHIELD ON SERVICE TBK                                                                        PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                          AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                   Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                          For the Years Ended
31 Desember 2024 dan 2023                                                                        December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                        (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)


    Liabilitas sewa                                                          Lease liabilities

    Analisis jatuh tempo liabilitas sewa sebagai berikut:                    The maturity analysis of lease liabilities as follows:

                                                         2024                     2023

    Jatuh tempo pembayaran sewa:                                                         Undiscounted lease payment due:
    Tahun 2024                                                    -          590.625.000 Year 2024
    Tahun 2025                                        4.271.497.000                    - Year 2025
    Tahun 2026                                          400.000.000                    - Year 2026

    Total pembayaran minimum sewa                     4.671.497.000          590.625.000 Total minimum lease payment
    Dikurangi beban bunga yang
      belum diakui                                     (310.834.932)         (69.096.798) Less unrecognized interest

    Total liabilitas sewa                             4.360.662.068          521.528.202 Total lease liabilities
    Liabilitas sewa yang jatuh tempo
       dalam waktu satu tahun                         3.992.541.324          521.528.202 Current maturity of lease liabilities

    Liabilitas sewa - setelah dikurangi
      bagian yang jatuh tempo                                                                    Lease liabilities - net of
      dalam waktu satu tahun                           368.120.744                           -     current maturity


    Jumlah yang diakui ke laba rugi yang timbul dari                         Amounts recognized in profit or loss arising from
    transaksi sewa adalah sebagai berikut:                                   leases transactions are as follows:

                                                         2024                 2023*)

    Beban penyusutan                                                                     Depreciation expenses
    Beban umum dan administrasi                                                          General and administrative
      (Catatan 23)                                    5.627.823.129        5.972.917.145   expenses (Note 23)

    Beban bunga atas liabilitas sewa                                                     Interest expenses on lease liabilities
    Beban keuangan (Catatan 24)                        437.181.889           588.393.557 Financing costs (Note 24)

    *)                                                                       *)
         Setelah direklasifikasi, lihat Catatan 31.                               As reclassified, refer to Note 31.

    Beban sewa yang tidak dikapitalisasi dan/atau                            Rental expenses not capitalized and/or recognized
    diakui melalui liabilitas sewa menurut PSAK                              through lease liabilities under PSAK No. 116 were
    No. 116 diakui dalam “Beban Operasional” dalam                           recognized within “Operating Expenses” in the
    laporan laba rugi dan penghasilan komprehensif                           consolidated statements of profit or loss and other
    lain konsolidasian (Catatan 23).                                         comprehensive income (Note 23).


11. Aset Lain-lain                                                        11. Other Assets

    Akun ini terdiri dari:                                                   This account consists of:

                                                         2024                     2023

    Uang jaminan pengelolaan parkir                   3.227.876.896        3.227.876.896 Parking management deposit
    Uang jaminan sewa                                 2.606.345.938        1.953.031.414 Rental security deposits

    Total                                             5.834.222.834        5.180.908.310 Total


    Pada tanggal 31 Desember 2024 dan 2023,                                   As at December 31, 2024 and 2023, all the
    seluruh nilai tercatat aset lain-lain berdenominasi                       carrying amount of other assets are denominated
    Rupiah.                                                                   in Rupiah.

    Uang jaminan ini akan dikembalikan pada akhir                             These deposits will be refunded at the end of the
    masa perjanjian pengelolaan parkir dan sewa.                              parking management and rental agreement period.




                                                                 - 35 -
Page 234
PT SHIELD ON SERVICE TBK                                                                 PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                   For the Years Ended
31 Desember 2024 dan 2023                                                                 December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                 (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                      unless otherwise stated)


12. Perpajakan                                                     12. Taxation

   a.   Pajak Dibayar Dimuka                                           a.   Prepaid Tax

                                                  2024                  2023
        Perusahaan                                                                  The Company
        Pajak Penghasilan Pasal 21              894.743.167                       - Income Tax Article 21
        Entitas Anak                                                              Subsidiaries
        Pajak Pertambahan Nilai                 810.055.842           343.037.745 Value Added Tax
        Pajak Penghasilan:                                                        Income Taxes:
          Pasal 21                            2.402.539.924           165.931.374    Article 21
          Pasal 4(2)                              4.649.931                     -    Article 4(2)
        Sub-total                             3.217.245.697           508.969.119 Sub-total
        Total                                 4.111.988.864           508.969.119 Total


   b.   Utang Pajak                                                    b.   Taxes Payable
                                                  2024                  2023
        Perusahaan                                                                 The Company
        Pajak Pertambahan Nilai               5.109.585.246          2.623.587.423 Value Added Tax
        Pajak Penghasilan:                                                         Income Taxes:
          Pasal 4(2)                              5.289.702             52.541.490    Article 4(2)
          Pasal 21                              245.649.670            352.239.375    Article 21
          Pasal 23                               11.328.975             16.783.538    Article 23
        Sub-total                             5.371.853.593          3.045.151.826 Sub-total
        Entitas Anak                                                               Subsidiaries
        Pajak Pertambahan Nilai               9.468.329.288          8.025.355.949 Value Added Tax
        Pajak Penghasilan:                                                         Income Taxes:
          Pasal 4(2)                              6.322.221             16.247.554    Article 4(2)
          Pasal 21                                1.056.963            285.235.137    Article 21
          Pasal 23                              559.206.548            117.607.664    Article 23
          Pasal 25                              236.972.024            163.372.406    Article 25
          Pasal 29                            1.307.578.923          1.746.759.103    Article 29
        Kurang bayar surat ketetapan pajak    1.575.474.591                      - Underpayment of tax assessment letter
        Sub-total                            13.154.940.558         10.354.577.813 Sub-total
        Total                                18.526.794.151         13.399.729.639    Total


   c.   Manfaat (Beban) Pajak Penghasilan                              c.   Income Tax Benefit (Expense)

        Manfaat    (beban)     pajak     penghasilan                        Income tax benefit (expense) of the Company
        Perusahaan dan Entitas Anak terdiri dari:                           and Subsidiaries are as follows:

                                                  2024                  2023
        Perusahaan                                                                  The Company
        Kini                                                                        Current
          Tahun berjalan                      (5.984.256.960)       (7.202.425.340)   Current year
          Tahun sebelumnya                      (416.835.760)                    -    Prior years
        Tangguhan                                 94.477.439           186.872.289 Deferred

        Sub-total                             (6.306.615.281)       (7.015.553.051) Sub-total

        Entitas Anak                                                                Subsidiaries
        Kini                                                                        Current
          Tahun berjalan                      (9.022.540.096)       (7.974.495.838)   Current year
          Tahun sebelumnya                    (2.098.151.226)                    -    Prior years
        Tangguhan                               (234.152.927)          344.185.523 Deferred

        Sub-total                            (11.354.844.249)       (7.630.310.315) Sub-total

        Total                                (17.661.459.530)      (14.645.863.366) Total



                                                          - 36 -
Page 235
PT SHIELD ON SERVICE TBK                                                                 PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                   For the Years Ended
31 Desember 2024 dan 2023                                                                 December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                 (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                      unless otherwise stated)


       Rekonsiliasi antara laba sebelum manfaat                             The reconciliation between income before
       (beban) pajak penghasilan, menurut laporan                           income tax benefit (expense), as shown in the
       laba rugi dan penghasilan komprehensif lain                          consolidated statements of profit or loss and
       konsolidasian dan taksiran laba fiskal yang                          other comprehensive income and estimated
       dihitung oleh Perusahaan adalah sebagai                              fiscal income which were calculated by
       berikut:                                                             the Company are as follows:

                                                  2024                  2023

       Laba sebelum manfaat (beban) pajak                                           Income before income tax benefit
         penghasilan menurut laporan laba                                                (expense) per consolidated
         rugi dan penghasilan komprehensif                                               statement of profit or loss
         lain konsolidasian                  29.916.187.095         49.197.518.310       and other comprehensive income
       Laba sebelum manfaat (beban)                                                 Income before income tax benefit
         pajak penghasilan Entitas Anak                                                (expense) of the Subsidiaries
         dan eliminasi                       (17.922.628.653)      (14.563.468.174)    and elimination

       Laba sebelum manfaat (beban)                                               Income before income tax benefit
         pajak Perusahaan menurut                                                    (expense) per statements
         laporan laba rugi dan                                                       of profit or loss and other
         penghasilan komprehensif                                                    comprehensive income of
         lain Perusahaan                     11.993.558.442        34.634.050.136    the Company

       Koreksi fiskal:                                                            Fiscal correction:
       Beda temporer                                                              Temporary differences
         Imbalan kerja karyawan                 739.606.445           208.717.054    Employees benefits
         Transaksi sewa                          10.924.275                     -    Lease transactions
         Cadangan kerugian                                                           Allowance of impairment
           piutang usaha                         (61.652.778)         640.702.442       of trade receivables

       Beda temporer - neto                     688.877.942           849.419.496 Temporary differences - net

       Beda tetap                                                                   Permanent difference
         Beban yang tidak dapat
           dikurangkan                       15.060.728.615         (2.258.473.532) Non-deductible expenses
         Penghasilan yang telah                                                     Income already subject to
           dikenakan pajak final               (541.996.714)          (486.698.189)    final tax

       Beda tetap - neto                     14.518.731.901         (2.745.171.721) Permanent differences - net

       Estimasi laba fiskal tahun berjalan   27.201.168.285        32.738.297.911 Estimated fiscal income current year

       Estimasi laba fiskal tahun                                                   Estimated fiscal income
         berjalan (pembulatan)               27.201.168.000        32.738.297.000     current year (rounded)

       Beban pajak kini                       (5.984.256.960)       (7.202.425.340) Current tax expense

       Dikurangi pajak dibayar dimuka:                                              Less prepaid taxes:
         Pasal 23                             7.783.050.482         9.162.665.679     Article 23
         Pasal 25                                         -         2.725.833.516     Article 25

       Jumlah                                 7.783.050.482        11.888.499.195 Total

       Taksiran tagihan pajak                                                       Estimated claim for income
         penghasilan - tahun berjalan         1.798.793.522         4.686.073.855     tax refund - current year


       Laba kena pajak hasil rekonsiliasi tahun fiskal                      The taxable income resulting from the
       2024 dan 2023 menjadi dasar dalam pengisian                          reconciliation for fiscal years 2024 and 2023
       SPT Tahunan PPh Badan yang disampaikan                               will be the basis for filling the Corporate
       kepada otoritas perpajakan. Perusahaan                               Annual Tax Returns to be submitted to the tax
       menyampaikan SPT pajak berdasarkan self-                             authority. The Company submit tax returns on
       assessment.                                                          the basis of self-assessment.




                                                          - 37 -
Page 236
PT SHIELD ON SERVICE TBK                                                                             PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                               AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                        Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                               For the Years Ended
31 Desember 2024 dan 2023                                                                             December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                             (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                                  unless otherwise stated)


        Pada tanggal 31 Desember 2024 dan 2023,                                            As at December 31, 2024 and 2023, the
        rincian taksiran tagihan pajak penghasilan                                         details of estimated claims for tax refund are
        adalah sebagai berikut:                                                            as follows:

                                                        2024                        2023
        Perusahaan                                                                            The Company
        Tahun 2022                                              -               3.143.694.711 Year 2022
        Tahun 2023                                  4.686.073.855               4.686.073.855 Year 2023
        Tahun 2024                                  1.798.793.522                           - Year 2024

        Entitas Anak                                                                          Subsidiaries
        Tahun 2022                                              -               4.002.570.771 Year 2022
        Tahun 2023                                  3.542.769.809               4.730.702.598 Year 2023
        Tahun 2024                                  6.835.053.098                           - Year 2024
        Total                                      16.862.690.284              16.563.041.935 Total


   d.   Pajak Tangguhan                                                            d.      Deferred Tax

        Rincian pajak tangguhan adalah sebagai                                             The details of deferred tax are as follows:
        berikut:
                                                                        2024

                                                                                   Dikreditkan
                                                                                (Dibebankan) ke
                                                      Dikreditkan                  penghasilan
                                                     (dibebankan)                 komprehensif
                                   Saldo awal          ke laporan                      lain/            Saldo akhir/
                                 1 Januari 2024/        laba rugi/                   Credited        31 Desember 2024/
                                   Beginning             Credited              (charged) to other         Ending
                                    balance           (charged) to               comprehensive            balance
                                 January 1, 2024     profit or loss                  income          December 31, 2024

        Aset Pajak Tangguhan                                                                                               Deferred Tax Assets
        Perusahaan                                                                                                         The Company
        Imbalan kerja                244.484.776         162.713.418                 25.577.260            432.775.454     Employees' benefits
        Cadangan penurunan                                                                                                 Allowance for impairment
           nilai piutang usaha       167.070.076          (22.143.844)                           -         144.926.232         of trade receivables
        Aset hak guna                          -         (757.931.297)                           -         (757.931.297)   Right-of-use assets
        Liabilitas sewa                        -          711.839.162                            -          711.839.162    Lease liabilities

        Sub-total                    411.554.852           94.477.439                   25.577.260          531.609.551    Sub-total

        Entitas Anak                                                                                                       Subsidiaries
        Imbalan kerja                697.698.458           87.063.554               (133.387.612)           651.374.400    Employees' benefits
        Cadangan penurunan                                                                                                 Allowance for impairment
           nilai piutang usaha        92.299.210           (60.694.915)                          -           31.604.295        of trade receivables
        Aset hak guna                          -         (106.194.217)                           -         (106.194.217)   Right-of-use assets
        Liabilitas sewa                        -           91.987.844                            -           91.987.844    Lease liabilities

        Sub-total                    789.997.668           12.162.266               (133.387.612)           668.772.322    Sub-total

        Aset Pajak
          Tangguhan - Neto         1.201.552.520          106.639.705               (107.810.352)         1.200.381.873    Deferred Tax Assets - Net

        Liabilitas Pajak
           Tangguhan                                                                                                       Deferred Tax Liabilities
        Entitas Anak                                                                                                       Subsidiary
        Imbalan kerja                187.203.300          114.156.750               (120.726.945)           180.633.105    Employees' benefits
        Cadangan penurunan                                                                                                 Allowance for impairment
           nilai piutang usaha        77.241.448           (75.772.497)                          -            1.468.951        of trade receivables
        Aset hak guna                          -         (440.218.095)                           -         (440.218.095)   Right-of-use assets
        Liabilitas sewa                        -          155.518.649                            -          155.518.649    Lease liabilities

        Liabilitas Pajak                                                                                                   Deferred Tax
           Tangguhan - Neto          264.444.748         (246.315.193)              (120.726.945)          (102.597.390)     Liabilities - Net

        Total                                            (139.675.488)              (228.537.297)                          Total




                                                                      - 38 -
Page 237
PT SHIELD ON SERVICE TBK                                                                              PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                                AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                         Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                For the Years Ended
31 Desember 2024 dan 2023                                                                              December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                              (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                                   unless otherwise stated)

                                                                        2023

                                                                                 Dibebankan ke
                                                                                  penghasilan
                                  Saldo awal          Dikreditkan                komprehensif            Saldo akhir/
                                1 Januari 2023/       ke laporan                      lain/           31 Desember 2023/
                                  Beginning            laba rugi/               Charged to other           Ending
                                   balance            Credited to               comprehensive              balance
                                January 1, 2023      profit or loss                 income            December 31, 2023

       Aset Pajak Tangguhan                                                                                                Deferred Tax Assets
       Perusahaan                                                                                                          The Company
       Imbalan kerja                342.078.282            45.917.752              (143.511.258)            244.484.776    Employees' benefits
       Cadangan penurunan                                                                                                  Allowance for impairment
          nilai piutang usaha        26.115.539          140.954.537                           -            167.070.076        of trade receivables

       Sub-total                    368.193.821          186.872.289               (143.511.258)            411.554.852    Sub-total

       Entitas Anak                                                                                                        Subsidiaries
       Imbalan kerja                702.050.112          247.206.591                 (64.354.945)           884.901.758    Employees' benefits
       Cadangan penurunan                                                                                                  Allowance for impairment
          nilai piutang usaha        72.561.726            96.978.932                          -            169.540.658        of trade receivables

       Sub-total                    774.611.838          344.185.523                 (64.354.945)          1.054.442.416   Sub-total

       Aset Pajak Tangguhan
           - Neto                 1.142.805.659          531.057.812                (207.866.203)          1.465.997.268   Deferred Tax Assets - Net




       Rekonsiliasi antara taksiran manfaat (beban)                                      The reconciliation between income tax benefit
       pajak penghasilan yang dihitung dengan                                            (expense) computed using the applicable tax
       menggunakan tarif pajak yang berlaku dari                                         rates on the accounting income before income
       laba akuntansi sebelum manfaat (beban)                                            tax benefit (expense) as reported in the
       pajak penghasilan seperti yang tercantum                                          consolidated statements of profit or loss and
       dalam laporan laba rugi dan penghasilan                                           other comprehensive income for the years
       komprehensif     lain  konsolidasian   untuk                                      ended December 31, 2024 and 2023 are as
       tahun yang berakhir pada tanggal-tanggal                                          follows:
       31 Desember 2024 dan 2023 adalah sebagai
       berikut:

                                                        2024                         2023

       Laba sebelum manfaat (beban) pajak                                                       Income before income tax benefit
         penghasilan menurut laporan laba                                                          (expense) per consolidated
         rugi dan penghasilan komprehensif                                                         statement of profit or loss
         lain konsolidasian                       29.916.187.095                49.197.518.310     and other comprehensive income
       Laba sebelum manfaat (beban) pajak                                                       Income before income tax benefit
         penghasilan Entitas Anak                                                                  (expense) of the Subsidiaries
         dan eliminasi                            (17.922.628.653)             (14.563.468.174)    and elimination

       Laba sebelum manfaat (beban)                                                           Income before income tax benefit
         pajak Perusahaan menurut                                                                (expense) per statements
         laporan laba rugi dan                                                                   of profit or loss and other
         penghasilan komprehensif                                                                comprehensive income of
         lain Perusahaan                          11.993.558.442               34.634.050.136    the Company

       Beban pajak dengan tarif                                                                      Tax expense computed using
         pajak yang berlaku (22%)                  (2.638.582.857)              (7.619.491.030)        the applicable tax rate (22%)

       Pengaruh pajak atas :                                                                         Tax effect on:
         Beda tetap                                (3.194.121.018)                603.937.979          Permanent differences
         Penyesuaian lainnya                          (57.075.646)                          -          Other adjustments

       Beban pajak tahun berjalan                                                                    Current year and deferred
         dan tangguhan                             (5.889.779.521)              (7.015.553.051)        tax expenses
       Penyesuaian beban pajak                                                                       Adjustment of the previous
         tahun sebelumnya                           (416.835.760)                                  -   year’s tax expenses

       Total beban pajak                                                                             Total income tax
         penghasilan - Perusahaan                  (6.306.615.281)              (7.015.553.051)        expenses - the Company




                                                                      - 39 -
Page 238
PT SHIELD ON SERVICE TBK                                                            PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2024 dan 2023                                                            December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                            (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                 unless otherwise stated)


   e.   Surat Ketetapan Pajak                                     e.   Tax Assessment Letter

        Perusahaan                                                     The Company

        Pada bulan Maret 2024, Perusahaan                              In March 2024, the Company received
        menerima Surat Ketetapan Pajak Lebih Bayar                     Overpayment      Tax    Assessment       Letter
        (SKPLB) dari Direktorat Jenderal Pajak (DJP)                   (SKPLB) from Directorate General of Tax
        atas Pajak Penghasilan Badan (PPh Badan)                       (DGT) for Corporate Income Tax (CIT) for
        untuk     tahun      pajak  2022     sebesar                   fiscal year 2022 amounted Rp2,726,858,951.
        Rp2.726.858.951. Pada tanggal yang sama,                       On the same date, the Company also received
        Perusahaan juga menerima Surat Ketetapan                       Underpayment Tax Assessment Letter
        Pajak Kurang Bayar (SKPKB) atas Pajak                          (SKPKB) for Value Added Tax (VAT) and
        Pertambahan Nilai (PPN) dan PPh pasal 23                       income tax article 23 for fiscal year 2022
        dari DJP untuk tahun pajak 2022 sebesar                        from DGT amounted to Rp11,651,937.
        Rp11.651.937.      Perusahaan    memutuskan                    The Company choose to compensate the tax
        untuk melakukan kompensasi kekurangan                          underpayment with the tax overpayment,
        pajak dengan lebih bayar pajak tersebut                        whereby, the Company received net tax
        sehingga Perusahaan        menerima restitusi                  restitution amounted to Rp2,715,207,014,
        pajak neto sebesar Rp2.715.207.014 yang                        which has been obtained by the Company on
        telah diterima oleh Perusahaan pada tanggal                    April 25, 2024. The difference between the
        25 April 2024. Selisih SKPLB PPh Badan yang                    SKPLB CIT received and the estimated claim
        diterima dengan taksiran tagihan pajak yang                    for income tax refund as previously reported
        diklaim sebelumnya sebesar Rp416.835.760                       amounted to Rp416,835,760 was recorded
        dicatat sebagai beban pajak kini - tahun                       current income tax expense - prior year.
        sebelumnya.

        PT Professional Human Resources (PHR)                          PT Professional Human Resources (PHR)

        Pada tanggal 26 Februari 2025, PHR                             On February 26, 2025, PHR received
        menerima Surat Ketetapan Pajak Kurang                          Underpayment      Tax   Assessment   Letter
        Bayar (SKPKB) dari Direktorat Jenderal Pajak                   (SKPKB) from Directorate General of Tax
        (DJP) atas Pajak Penghasilan Badan (PPh                        (DGT) for Corporate Income Tax (CIT) for
        Badan) untuk tahun pajak 2020 sebesar                          fiscal year 2020 amounted to Rp849,996,625.
        Rp849.996.625. PHR mencatatnya sebagai                         PHR recorded it as current income tax
        beban pajak kini - tahun sebelumnya dan                        expense - prior year and as part of taxes
        bagian dari utang pajak. PHR telah membayar                    payable. PHR has paid all of the SKPKB on
        seluruh SKPKB tersebut pada tanggal                            March 21, 2025.
        21 Maret 2025.                                                 .

        Pada tanggal yang sama, PHR juga menerima                      On the same date, PHR also received
        Surat Ketetapan Pajak Kurang Bayar (SKPKB)                     Underpayment       Tax Assessment Letter
        atas Pajak Pertambahan Nilai (PPN), PPh                        (SKPKB) for Value Added Tax (VAT), Income
        pasal 21, PPh pasal 23 dan PPh pasal 4(2)                      Tax Article 21, Income Tax Article 23 and
        dari DJP untuk tahun pajak 2020 sebesar                        Income Tax Article 4(2) for fiscal year 2020
        Rp725.477.966 yang dibebankan pada laba                        from DGT amounted to Rp725,477,966 which
        rugi tahun berjalan dan dicatat sebagai bagian                 was charged to current year profit or loss and
        dari utang pajak. PHR telah membayar seluruh                   recorded as part of taxes payable. PHR has
        SKPKB tersebut pada tanggal 21 Maret 2025.                     paid all of the SKPKB on March 21, 2025.




                                                         - 40 -
Page 239
PT SHIELD ON SERVICE TBK                                                           PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2024 dan 2023                                                           December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                           (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                unless otherwise stated)


       PT Human Resources Provider (HRP)                            PT Human Resources Provider (HRP)

       Pada tanggal 26 April 2024, HRP menerima                     On April 26, 2024, HRP received Overpayment
       Surat Ketetapan Pajak Lebih Bayar (SKPLB)                    Tax Assessment Letter (SKPLB) from
       dari Direktorat Jenderal Pajak (DJP) atas                    Directorate General of Tax (DGT) for
       Pajak Penghasilan Badan (PPh Badan) untuk                    Corporate Income Tax (CIT) for fiscal year
       tahun pajak 2022 sebesar Rp1.014.578.351                     2022 amounted to Rp1,014,578,351 which has
       yang telah diterima oleh HRP pada tanggal                    been obtained by HRP on April 30, 2024.
       30 April 2024. Selisih SKPLB PPh Badan yang                  The difference between the SKPLB CIT
       diterima dengan taksiran tagihan pajak yang                  received and the estimated claim for income
       diklaim sebelumnya sebesar Rp797.011.821                     tax refund as previously reported amounted to
       dicatat sebagai beban pajak kini - tahun                     Rp797,011,821 was recorded current income
       sebelumnya.                                                  tax expense - prior year.

       Pada tanggal 5 Agustus 2024, HRP                             In August 5, 2024, HRP received Decision on
       memperoleh Surat Keputusan Pengembalian                      Preliminary Refund of Tax Overpayment
       Pendahuluan Kelebihan Pembayaran Pajak                       (SKPPKP) from Directorate General of Tax
       (SKPPKP) dari Direktorat Jenderal Pajak                      (DGT) for Corporate Income Tax (CIT) for
       (DJP) atas Pajak Penghasilan Badan                           fiscal year 2023 amounted to Rp207,354,656.
       (PPh Badan) untuk tahun pajak 2023 sebesar                   In addition, HRP also received Underpayment
       Rp207.354.656. Selain itu, HRP juga                          Tax Assessment Letters (SKPKB) from DGT
       menerima Surat Ketetapan Pajak Kurang                        for income tax article 4(2) and Value Added
       Bayar (SKPKB) dari DJP atas pajak                            Tax (VAT) amounted to Rp18,240,093, which
       penghasilan      pasal     4(2)   dan    Pajak               was charged to current year profit or loss and
       Pertambahan Nilai sebesar Rp18.240.093,                      off-set with the SKPPKP amount, resulting in
       yang dibebankan pada laba rugi tahun berjalan                the net received from the SKPPKP amounted
       dan dikurangkan dengan jumlah SKPPKP,                        to Rp189,114,563 which has been received by
       sehingga penerimaan bersih dari SKPPKP                       HRP on August 7, 2024. In relation with the
       adalah sebesar Rp189.114.563 yang telah                      overpayment of corporate income tax 2023,
       diterima oleh HRP pada tanggal 7 Agustus                     on November 1, 2024, HRP reported CIT
       2024. Sehubungan dengan kelebihan bayar                      correction for fiscal year 2023 regarding the
       pajak penghasilan badan tahun 2023, pada                     request for remaining restitution that has not
       tanggal 1 November 2024 HRP melaporkan                       been returned.
       pembetulan laporan PPh Badan untuk tahun
       pajak 2023 terkait permohonan pengembalian
       atas sisa restitusi yang belum dikembalikan.

       PT The Service Line (TSL)                                    PT The Service Line (TSL)

       Pada bulan April 2024, TSL menerima Surat                    In April 2024, TSL received Overpayment Tax
       Ketetapan Pajak Lebih Bayar (SKPLB) atas                     Assessment Letter (SKPLB) from Directorate
       Pajak Penghasilan Badan (PPh Badan) dari                     General of Tax (DGT) for Corporate Income
       DJP untuk tahun pajak 2022 sebesar                           Tax (CIT) for fiscal year 2022 amounted
       Rp1.704.954.087. Pada tanggal yang sama,                     Rp1,704,954,087. On the same date, TSL also
       TSL juga menerima Surat Ketetapan Pajak                      received Underpayment Tax Assessment
       Kurang      Bayar    (SKPKB)    atas   Pajak                 Letter (SKPKB) for Value Added Tax (VAT) for
       Pertambahan Nilai (PPN) dari DJP untuk tahun                 fiscal year 2022 from DGT amounted to
       pajak 2022 sebesar Rp5.398.206. TSL                          Rp5,398,206. TSL choosed to compensate the
       memutuskan untuk melakukan kompensasi                        tax underpayment with the tax overpayment,
       kekurangan pajak dengan lebih bayar pajak                    whereby, TSL received net tax restitution
       tersebut sehingga TSL menerima restitusi                     amounted to Rp1,699,555,881, which has
       pajak neto sebesar Rp1.699.555.881 yang                      been received by TSL on April 30, 2024.
       telah diterima oleh TSL pada tanggal 30 April
       2024.




                                                        - 41 -
Page 240
PT SHIELD ON SERVICE TBK                                                              PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2024 dan 2023                                                              December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                              (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                   unless otherwise stated)


       Selisih SKPLB PPh Badan yang diterima                             The difference between the SKPLB CIT
       dengan taksiran tagihan pajak yang diklaim                        received and the estimated claim for income
       sebelumnya sebesar Rp397.022.499 dicatat                          tax refund as previously reported amounted to
       sebagai beban pajak kini - tahun sebelumnya.                      Rp397,022,499 was recorded current income
                                                                         tax expense - prior year.

       PT Safe Secured Solution (SSS)                                    PT Safe Secured Solution (SSS)

       Pada bulan Juni 2024, SSS menerima Surat                          In June 2024, SSS received Overpayment Tax
       Ketetapan Pajak Lebih Bayar (SKPLB) dari                          Assessment Letter (SKPLB) from Directorate
       Direktorat Jenderal Pajak (DJP) atas Pajak                        General of Tax (DGT) for Corporate Income
       Penghasilan Badan (PPh Badan) untuk tahun                         Tax (CIT) for fiscal year 2023 amounted
       pajak 2023 sebesar Rp843.224.644 yang telah                       Rp843,224,644, which has been obtained by
       diterima oleh SSS pada tanggal 20 Juni 2024.                      SSS on June 20, 2024. The difference
       Selisih SKPLB PPh Badan yang diterima                             between the SKPLB CIT received and the
       dengan taksiran tagihan pajak yang diklaim                        estimated claim for income tax refund as
       sebelumnya sebesar Rp53.406.555 dicatat                           previously     reported    amounted     to
       sebagai beban pajak kini - tahun sebelumnya.                      Rp53,406,555 was recorded current income
                                                                         tax expense - prior year.

       PT SOS Indonesia (SIN)                                           PT SOS Indonesia (SIN)

       Pada bulan Mei 2024, SIN menerima Surat                           On May 2024, SIN received Overpayment Tax
       Ketetapan Pajak Lebih Bayar (SKPLB) dari                          Assessment Letter (SKPLB) from Directorate
       Direktorat Jenderal Pajak (DJP) atas Pajak                        General of Tax (DGT) for Corporate Income
       Penghasilan Badan (PPh Badan) untuk tahun                         Tax (CIT) for fiscal year 2022 amounted
       pajak 2022 sebesar Rp94.402.220 yang telah                        Rp94,402,220, which has been obtained by
       diterima oleh SIN pada tanggal 17 Mei 2024.                       SIN on May 17, 2024. There is no difference
       Tidak terdapat perbedaan antara jumlah                            between the SKPLB amount and claim for tax
       SKPLB dengan jumlah taksiran tagihan pajak                        as reported before.
       yang diklaim sebelumnya.

       Pada bulan Juni 2024, SIN menerima Surat                          In June 2024, SIN received Overpayment Tax
       Ketetapan Pajak Lebih Bayar (SKPLB) dari                          Assessment Letter (SKPLB) from Directorate
       Direktorat Jenderal Pajak (DJP) atas Pajak                        General of Tax (DGT) for Corporate Income
       Penghasilan Badan (PPh Badan) untuk tahun                         Tax (CIT) for fiscal year 2023 amounted
       pajak 2023 sebesar Rp83.233.208 yang telah                        Rp83,233,208, which has been obtained by
       diterima oleh SIN pada tanggal 25 Juni 2024.                      SIN on June 25, 2024. The difference between
       Selisih SKPLB PPh Badan yang diterima                             the SKPLB CIT received and the estimated
       dengan taksiran tagihan pajak yang diklaim                        claim for income tax refund as previously
       sebelumnya sebesar Rp713.726 dicatat                              reported amounted to Rp713,726 was
       sebagai beban pajak kini - tahun sebelumnya.                      recorded current income tax expense - prior
                                                                         year.


13. Utang Bank Jangka Pendek                                     13. Short-Term Bank Loans

                                                2024                 2023

   Perusahaan                                                                   The Company
   Pihak ketiga - Rupiah                                                        Third parties - Rupiah
   PT Bank Negara Indonesia (Persero) Tbk   54.298.713.376       65.251.151.826 PT Bank Negara Indonesia (Persero) Tbk
   PT Bank Mizuho Indonesia                  2.500.000.000                    - PT Bank Mizuho Indonesia
   PT Bank Rakyat Indonesia (Persero) Tbk                -       30.000.000.000 PT Bank Rakyat Indonesia (Persero) Tbk

   Entitas Anak                                                                 Subsidiaries
   Pihak ketiga - Rupiah                                                        Third party - Rupiah
   PT Bank Danamon Indonesia Tbk             2.500.000.000                    - PT Bank Danamon Indonesia Tbk

   Total                                    59.298.713.376       95.251.151.826 Total




                                                        - 42 -
Page 241
PT SHIELD ON SERVICE TBK                                                             PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2024 dan 2023                                                             December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                             (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                  unless otherwise stated)


   Perusahaan                                                      The Company

   PT Bank Negara Indonesia (Persero) Tbk (BNI)                •   PT Bank Negara Indonesia (Persero) Tbk (BNI)

   1.   Modal Kerja atas Pembiayaan            Piutang             1.   Working Capital for Receivable Financing of
        PT Pabrik Kertas Tjiwi Kimia Tbk                                PT Pabrik Kertas Tjiwi Kimia Tbk

        Pada tahun 2021, Perusahaan memperoleh                          In 2021, the Company obtained a short-term
        fasilitas kredit jangka pendek (12 bulan) dari                  credit facility (12 months) from BNI in the form
        BNI berupa kredit modal kerja untuk                             of working capital credit to finance
        pembiayaan tagihan invoice/piutang atas                         invoice/receivables for work completed by
        pekerjaan yang telah diselesaikan oleh                          the Company and its business group with
        Perusahaan dan grup usaha dengan                                PT Pabrik Kertas Tjiwi Kimia Tbk. This credit
        PT Pabrik Kertas Tjiwi Kimia Tbk. Perjanjian                    agreement has been amended several times,
        kredit ini telah beberapa kali dirubah, yang                    the latest based on Approval of Changes to
        terakhir berdasarkan Persetujuan Perubahan                      the Credit Agreement dated February 21,
        Perjanjian Kredit tanggal 21 Februari 2024,                     2024, whereby, the credit facility from BNI was
        dimana fasilitas kredit yang diperoleh dari BNI                 changed to as follow:
        menjadi sebagai berikut:
        • Maksimum kredit yang diberikan menjadi                        •   The maximum credit granted to be of
            sebesar Rp59.700.000.000 untuk entitas                          Rp59,700,000,000 for the Company's
            anak Perusahaan yaitu PT Human                                  subsidiary, i.e PT Human Resources
            Resources Provider;                                             Provider;
        • Fasilitas kredit berlaku sampai dengan                        •   Credit facility is valid until February 20,
            20 Februari 2025.                                               2025.

        Pada tahun 2024 dan 2023, fasilitas kredit                      In 2024 and 2023, credit facility bore annual
        dikenakan tingkat suku bunga tahunan                            interest rates at 8.74% and can be reviewed at
        sebesar 8,74% dan akan direview setiap saat                     any time in accordance with applicable
        mengikuti ketentuan yang berlaku.                               provisions.

        Fasilitas kredit tersebut dijaminkan dengan                     This     facilities were   secured  with
        piutang usaha Perusahaan dari pelanggan                         the Company’s trade receivables from the
        tersebut (Catatan 6).                                           related customer (Note 6).

   2.   Modal Kerja atas Pembiayaan Piutang                        2.   Working Capital for Receivable Financing of
        PT Konverta Mitra Abadi dan PT Paramita                         PT Konverta Mitra Abadi and PT Paramita
        Gunakarya Cemerlang                                             Gunakarya Cemerlang

        Pada tahun 2022, Perusahaan memperoleh                          In 2022, the Company obtained a short-term
        fasilitas kredit jangka pendek (12 bulan) dari                  credit facility (12 months) from BNI in the form
        BNI berupa kredit modal kerja untuk                             of working capital credit to finance
        pembiayaan tagihan invoice/piutang atas                         invoice/receivables for work completed by
        pekerjaan yang telah diselesaikan oleh                          the Company and its business group with
        Perusahaan dan grup usaha dengan                                PT Konverta Mitra Abadi and PT Paramita
        PT Konverta Mitra Abadi dan PT Paramita                         Gunakarya Cemerlang. This credit agreement
        Gunakarya Cemerlang. Perjanjian kredit ini                      has been amended several times, the latest
        telah beberapa kali dirubah, yang terakhir                      based on Approval of Changes to the Credit
        berdasarkan         Persetujuan      Perubahan                  Agreement dated February 21, 2024, whereby,
        Perjanjian Kredit tanggal 21 Februari 2024,                     the credit facility from BNI was changed to as
        dimana fasilitas kredit yang diperoleh dari BNI                 follow:
        menjadi sebagai berikut:
        • Maksimum kredit yang diberikan menjadi                        •   The maximum credit granted to be of
            sebesar Rp600.000.000 untuk Perusahaan;                         Rp600,000,000 for the Company;
        • Fasilitas kredit berlaku sampai dengan                        •   Credit facility is valid until February 20,
            20 Februari 2025.                                               2025.

        Pada tahun 2024 dan 2023, fasilitas kredit                      In 2024 and 2023, credit facility bore annual
        dikenakan tingkat suku bunga tahunan                            interest rates at 8.74% and can be reviewed at
        sebesar 8,74% dan akan direview setiap saat                     any time in accordance with applicable
        mengikuti ketentuan yang berlaku.                               provisions.




                                                          - 43 -
Page 242
PT SHIELD ON SERVICE TBK                                                             PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2024 dan 2023                                                             December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                             (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                  unless otherwise stated)


        Fasilitas kredit tersebut dijaminkan dengan                     This     facilities were   secured  with
        piutang usaha Perusahaan dari pelanggan                         the Company’s trade receivables from the
        tersebut (Catatan 6).                                           related customer (Note 6).

   3.   Modal Kerja atas Pembiayaan Piutang                        3.   Working Capital for Receivable Financing of
        PT Indah Kiat Pulp & Paper Tbk dan PT Pindo                     PT Indah Kiat Pulp & Paper Tbk and PT Pindo
        Deli Pulp & Paper Mills                                         Deli Pulp & Paper Mills

        Pada tahun 2022, Perusahaan memperoleh                          In 2022, the Company obtained a short-term
        fasilitas kredit jangka pendek (12 bulan) dari                  credit facility (12 months) from BNI in the form
        BNI berupa kredit modal kerja untuk                             of working capital credit to finance
        pembiayaan tagihan invoice/piutang atas                         invoice/receivables for work completed by
        pekerjaan yang telah diselesaikan oleh                          the Company and its business group with
        Perusahaan dan grup usaha dengan                                PT Indah Kiat Pulp & Paper Tbk and PT Pindo
        PT Indah Kiat Pulp & Paper Tbk dan PT Pindo                     Deli Pulp & Paper Mills. This credit agreement
        Deli Pulp & Paper Mills. Perjanjian kredit ini                  has been amended several times, the latest
        telah beberapa kali dirubah, yang terakhir                      based on Approval of Changes to the Credit
        berdasarkan         Persetujuan      Perubahan                  Agreement dated February 21, 2024, whereby,
        Perjanjian Kredit tanggal 21 Februari 2024,                     the credit facility from BNI was changed to as
        dimana fasilitas kredit yang diperoleh dari BNI                 follow:
        menjadi sebagai berikut:
        • Maksimum kredit yang diberikan menjadi                        •   The maximum credit granted to be of
            sebesar Rp99.700.000.000, dengan rincian                        Rp99,700,000,000, with the details for
            untuk Perusahaan maksimum sebesar                               the Company maximum amounted to
            Rp10.700.000.000       dan   PT     Human                       Rp10,700,000,000 and PT Human
            Resources Provider maksimum sebesar                             Resources Provider maximum amounted
            Rp89.000.000.000;                                               to Rp89,000,000,000;
        • Fasilitas kredit berlaku sampai dengan                        •   Credit facility is valid until February 20,
            20 Februari 2025.                                               2025.

        Pada tahun 2024 dan 2023, fasilitas kredit                      In 2024 and 2023, credit facility bore annual
        dikenakan tingkat suku bunga tahunan                            interest rates at 8.74% and can be reviewed at
        sebesar 8,74% dan akan direview setiap saat                     any time in accordance with applicable
        mengikuti ketentuan yang berlaku.                               provisions.

        Fasilitas kredit tersebut dijaminkan dengan                     This     facilities were   secured  with
        piutang usaha Perusahaan dari pelanggan                         the Company’s trade receivables from the
        tersebut (Catatan 6).                                           related customer (Note 6).

   Perusahaan harus mempertahankan rasio-rasio                     The Company must maintain its financial ratios,
   keuangannya, seperti current ratio minimal 1 kali,              such as current ratio at a minimum 1 time, debt
   debt equity ratio maksimal 2,7 kali dan debt service            equity ratio at a maximum 2.7 times and debt
   coverage minimal 100%.                                          service coverage at a minimum 100%.

   Tanpa persetujuan tertulis terlebih dahulu dari BNI,            Without prior written approval from BNI,
   Perusahaan tidak diperkenankan untuk, antara lain:              the Company is not permitted to, among others:
   1. Mengadakan penggabungan usaha atau                           1. Conduct business mergers or consolidations
       konsolidasi dengan perusahaan lain.                              with other companies.
   2. Melakukan akuisisi/pengambilalihan aset milik                2. Acquisition of assets belonging to third parties
       pihak ketiga melebihi cash proceed tahun                         exceeding the current year's cash proceeds.
       berjalan.
   3. Perusahaan diperkenankan membagi dividen                     3.   The Company’s are permitted to distribute
       selama tidak terjadi pelanggaran rasio                           dividends as long as there is no violation of the
       convenant keuangan sesuai referensi Bank.                        financial covenant ratio according to Bank
                                                                        reference.




                                                          - 44 -
Page 243
PT SHIELD ON SERVICE TBK                                                           PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                             AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                      Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2024 dan 2023                                                           December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                           (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                unless otherwise stated)


   4.  Perubahan pemegang saham, menjadi                         4.   Changes in shareholders, becoming a
       penjamin, memberikan jaminan atau pemberi                      guarantor, providing collateral or providing
       pinjaman selain transaksi usaha.                               loans other than business transactions.
   5. Melakukan investasi, penyertaan modal atau                 5.   Make investments, equity participation or
       pengambilalihan saham pada perusahaan lain                     takeover of shares in other companies
       melebihi cash proceed tahun berjalan.                          exceeding the current year's cash proceeds.
   6. Mengizinkan        pihak   lain   menggunakan              6.   Permit other parties to use the Company for
       Perusahaan untuk kegiatan usaha pihak lain.                    the business activities of other parties.
   7. Mengubah bentuk atau status hukum                          7.   Change the legal form or status of the
       perusahaan, mengubah Anggaran Dasar                            company, amend the Articles of Association
       (kecuali mengingkatkan modal perusahaan),                      (except increase the company's capital),
       memindahtangankan resipis atau saham                           transfer the Company's shares between
       Perusahaan baik antar pemegang saham                           shareholders and to other parties (except for
       maupun kepada pihak lain (kecuali atas saham                   shares that have been, are, and will be
       yang       telah,     sedang,    dan     akan                  traded).
       diperdagangkan).
   8. Membubarkan Perusahaan dan meminta                         8.  Disband the Company and ask to be declared
       dinyatakan pailit.                                            bankrupt.
   9. Menggunakan dana perusahaan untuk tujuan                   9. Using company funds for non-business
       di luar usaha yang dibiayai dengan fasilitas                  purposes financed with credit facilities from
       kredit dari BNI.                                              BNI.
   10. Membuat perjanjian dan transaksi tidak wajar.             10. Make unfair agreements and transactions.
   11. Menyerahkan atau mengalihkan seluruh atau                 11. Submit or transfer all or part of the rights
       sebagian dari hak dan/atau kewajiban                          and/or obligations of credit recipients arising
       penerima kredit yang timbul berdasarkan                       under the Credit Agreement and/or collateral
       Perjanjian Kredit dan/atau dokumen jaminan                    documents to other parties.
       kepada pihak lain.

   Beban bunga atas pinjaman ini untuk tahun yang                Interest expenses of the loan for the year ended
   berakhir pada tanggal 31 Desember 2024 dan                    December 31, 2024 and 2023, amounted to
   2023 masing-masing sebesar Rp6.214.224.929                    Rp6,214,224,929        and       Rp5,749,518,712,
   dan Rp5.749.518.712 dicatat sebagai bagian dari               respectively, were recorded as part of “Financing
   “Beban Keuangan - Beban Bunga Pinjaman Bank”                  Costs - Bank Loans Interest Expenses” in the
   pada laporan laba rugi dan penghasilan                        consolidated statement of profit or loss and other
   komprehensif lain konsolidasian.                              comprehensive income.

   Manajemen     berpendapat     bahwa     seluruh               The management is of the opinion that all of
   pembatasan dari BNI telah dipenuhi pada tanggal               the BNI’s covenants have been met as at
   31 Desember 2024 dan 2023.                                    December 31, 2024 and 2023.

   Pada tanggal 20 Februari 2025, Perusahaan telah               On February 20, 2025, the Company has fully paid
   melunasi seluruh pinjaman kepada BNI dan tidak                all its loan to BNI and did not extend the credit
   memperpanjang fasilitas kredit tersebut.                      facilities.

   PT Bank Rakyat Indonesia (Persero) Tbk (BRI)                  PT Bank Rakyat Indonesia (Persero) Tbk (BRI)

   Berdasarkan Akta Perjanjian Kredit Modal Kerja                Based on the Deed of Working Capital Credit
   No. 04 tanggal 10 April 2023 oleh Notaris Githa               No. 04 dated April 10, 2023 of Notary Githa Nadya
   Nadya Maridina, S.H., Perusahaan memperoleh                   Maridina, S.H., the Company obtained a loan
   fasilitas pinjaman dari BRI berupa kredit modal               facility from BRI in the form of working capital credit
   kerja untuk proyek yang dikerjakan oleh PT Shield             for projects carried out by PT Shield On Service
   On Service Tbk, PT The Service Line, PT Human                 Tbk, PT The Service Line, PT Human Resources
   Resources Provider dan PT Safe Secured Solution               Provider and PT Safe Secured Solution with a total
   dengan jumlah fasilitas sebesar Rp50.000.000.000.             facility of Rp50,000,000,000. The credit term is
   Jangka waktu kredit selama 12 bulan sejak 10 April            12 months starting April 10, 2023 and will be end
   2023 dan akan berakhir pada 10 April 2024. Suku               on April 10, 2024. The loan interest rate on the
   bunga kredit atas pinjaman tersebut sebesar 8,5%              loan at 8.5% per annum.
   per tahun.




                                                        - 45 -
Page 244
PT SHIELD ON SERVICE TBK                                                             PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2024 dan 2023                                                             December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                             (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                  unless otherwise stated)


   Fasilitas kredit tersebut dijaminkan dengan:                    This facilities were secured with the following:
   1. Piutang        proyek      atas   kontrak yang               1. Project receivables on contracts carried out by
       dikerjakan oleh PT Shield On Service Tbk,                       PT Shield On Service Tbk, PT The Service
       PT The Service Line, PT Human Resources                         Line, PT Human Resources Provider and
       Provider dan PT Safe Secured Solution                           PT Safe Secured Solution amounted to
       sebesar Rp184.923.177.000 dengan nilai                          Rp184,923,177,000, with binding value of
       pengikatan piutang sebesar Rp50.000.000.000                     receivables amounted to Rp50,000,000,000
       (Catatan 6).                                                    (Note 6).
   2. Rekening giro atas nama PT Shield On                         2. Current account on behalf of PT Shield On
       Service Tbk sebesar Rp15.000.000.000                            Service Tbk amounted to Rp15,000,000,000
       (Catatan 5).                                                    (Note 5).
   3. Asuransi kredit rekanan BRI dengan nilai                     3. BRI partner credit insurance with a fair
       penggantian wajar sebesar Rp50.000.000.000.                     replacement value of Rp50,000,000,000.

   Tanpa persetujuan tertulis terlebih dahulu dari BRI,            Without prior written approval from BRI,
   Perusahaan tidak diperkenankan untuk, antara lain:              the Company is not permitted to, among others:
   1. Melakukan merger, akuisisi dan penjualan aset                1. Conduct mergers, acquisitions and sales of
       Perusahaan.                                                      the Company’s assets.
   2. Mengikatkan diri sebagai penjamin terhadap                   2. Bind as a guarantor to other parties and or
       pihak lain dan atau menjaminkan kekayaan                         pledging wealth to other parties, except those
       kepada pihak lain, kecuali yang ada saat ini.                    currently available.
   3. Melakukan pernyertaan saham, kecuali yang                    3. Invest in shares, except those that are current
       sudah saat ini dan sepanjang cash flow tidak                     and as long as cash flow is not disturbed.
       terganggu.
   4. Memberikan piutang kepada pemegang                           4.   Grant receivables to shareholders outside the
       saham di luar kepentingan proses bisnis                          debtor's business process requirements.
       debitur.
   5. Melunasi atau membayar utang kepada                          5.   Pay off or pay debts to the shareholders,
       pemegang saham, persero atau utang pada                          companies or debts to affiliated parties before
       pihak terafiliasi sebelum utang di Bank BRI                      the debt at Bank BRI is paid off.
       lunas.
   6. Mengadakan transaksi dengan pihak termasuk                   6.   Conduct transactions with parties including
       pihak afiliasi dengan cara-cara yang berada di                   affiliates in ways that are beyond reasonable
       luar praktek kebiasaan yang wajar.                               customary practice.
   7. Melakukan pembayaran bunga atas pinjaman                     7.   Make interest payments on shareholder loans.
       pemegang saham.
   8. Memberikan tambahan pinjaman kepada                          8.   Provide additional loans to the management
       pengurus kecuali yang telah ada saat ini.                        except for the current ones.
   9. Menyewakan aset yang diagunkan kepada                        9.   Lease collateralized assets to other parties.
       pihak lain.
   10. Mengajukan permohonan pernyataan pailit                     10. Apply for bankruptcy declaration to         the
       kepada Pengadilan Niaga untuk menyatakan                        Commercial Court to declare bankruptcy.
       pailit diri sendiri.

   Beban bunga atas pinjaman ini untuk tahun yang                  Interest expenses of the loan for the year ended
   berakhir pada tanggal 31 Desember 2024 dan                      December 31, 2024 and 2023, amounted to
   2023 masing-masing sebesar Rp709.297.562 dan                    Rp709,297,562 and Rp2,703,165,234, respectively,
   Rp2.703.165.234 dicatat sebagai bagian dari                     were recorded as part of “Financing Costs - Bank
   “Beban Keuangan - Beban Bunga Pinjaman Bank”                    Loans Interest Expenses” in the consolidated
   pada laporan laba rugi dan penghasilan                          statement of profit or loss and other comprehensive
   komprehensif lain konsolidasian.                                income.

   Manajemen     berpendapat     bahwa     seluruh                 The management is of the opinion that all of
   pembatasan dari BRI telah dipenuhi pada tanggal                 the BRI’s covenants have been met as at
   31 Desember 2023.                                               December 31, 2023.

   Pada tanggal 19 April 2024, Perusahaan telah                    On April 19, 2024, the Company has fully paid all
   melunasi seluruh pinjaman kepada BRI dan tidak                  its loan to BRI and did not extend the credit
   memperpanjang fasilitas kredit tersebut.                        facilities.




                                                          - 46 -
Page 245
PT SHIELD ON SERVICE TBK                                                             PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2024 dan 2023                                                             December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                             (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                  unless otherwise stated)


   PT Bank Mizuho Indonesia (Mizuho)                               PT Bank Mizuho Indonesia (Mizuho)

   Berdasarkan         Perjanjian   Fasilitas    Kredit            Based on the Facility Credit Agreement dated
   tanggal 15 Maret 2024, Perusahaan memperoleh                    March 15, 2024, the Company obtained a loan
   pinjaman dari Mizuho berupa fasilitas pinjaman                  from Mizuho in the form of a revolving loan facility
   berulang tanpa komitmen (on an uncommitted                      without commitment (on an uncommitted basis)
   basis) dengan maksimum pinjaman sebesar                         with a maximum loan of Rp150,000,000,000 for
   Rp150.000.000.000          untuk   modal       kerja            the Company's working capital. This credit facility is
   Perusahaan. Fasilitas kredit ini dikenakan suku                 bears interest rate cost of funds (determined by
   bunga cost of funds (ditentukan oleh Mizuho)                    Mizuho) plus a margin (0.9%) per annum. The term
   ditambah margin (0,9%) per tahun. Jangka waktu                  of the credit facility is until March 15, 2025 and
   fasilitas kredit sampai dengan 15 Maret 2025 dan                each loan fund shall be due and payable within the
   setiap dana pinjaman akan jatuh waktu dan wajib                 period of 6 months from its drawdown. This credit
   dibayar dalam jangka waktu 6 bulan sejak tanggal                facility has been amended in connection with the
   penarikan. Fasilitas kredit ini telah diubah                    extension of the credit facility term until March 15,
   sehubungan dengan perpanjangan jangka waktu                     2026.
   fasilitas kredit sampai dengan 15 Maret 2026.

   Perusahaan tanpa persetujuan tertulis dari Mizuho               The Company will not, without obtaining prior
   tidak dapat, antara lain:                                       written approval from Mizuho, among others:
   1. Mengubah struktur atau status hukum                          1. Change the formation or legal status of
        Perusahaan.                                                     the Company.
   2. Membubarkan struktur Perusahaan yang                         2. Dissolve the Company’s structure under which
        berlaku saat ini dalam menjalankan usahanya                     it is operating or rake any step with a view
        atau mengambil langkah apapun dengan                            toward bankruptcy.
        tujuan menyebabkan kepailitan.
   3. Mengubah struktur pemegang saham yang                        3.   Change the composition of its shareholders
        mengakibatkan PT Alsok Bass Indonesia                           resulting PT Alsok Bass Indonesia Security
        Security Services tidak lagi menjadi pemegang                   Services ceases to be the majority shareholder
        saham mayoritas Perusahaan.                                     of the Company’s.
   4. Secara signifikan mengubah sifat usaha.                      4.   Materially alter the nature of its business.

   Beban bunga atas pinjaman ini untuk tahun yang                  Interest expenses of the loan for the year ended
   berakhir pada tanggal 31 Desember 2024 sebesar                  December 31, 2024 amounted to Rp1,210,138,889
   Rp1.210.138.889 dicatat sebagai bagian dari                     were recorded as part of “Financing Costs - Bank
   “Beban Keuangan - Beban Bunga Pinjaman Bank”                    Loans Interest Expenses” in the consolidated
   pada laporan laba rugi dan penghasilan                          statement of profit or loss and other comprehensive
   komprehensif lain konsolidasian.                                income.

   Manajemen      berpendapat bahwa    seluruh                     The management is of the opinion that all of
   pembatasan dari Mizuho telah dipenuhi pada                      the Mizuho’s covenants have been met as at
   tanggal 31 Desember 2024.                                       December 31, 2024.

   Perusahaan dan Entitas Anak                                     The Company and Subsidiaries

   PT Bank Danamon Indonesia Tbk (Danamon)                         PT Bank Danamon Indonesia Tbk (Danamon)

   Berdasarkan Perjanjian Kredit tanggal 25 Maret                  Based on the Credit Agreement dated March 25,
   2024, Perusahaan dan entitas anak (PT The                       2024, the Company and subsidiaries (PT The
   Service Line, PT Master Parking Indonesia,                      Service Line, PT Master Parking Indonesia,
   PT Human Resources Provider dan PT Safe                         PT Human Resources Provider dan PT Safe
   Secured Solution) memperoleh pinjaman dari                      Secured Solution) obtained a loan from Danamon
   Danamon berupa fasilitas kredit berjangka sebesar               in the form of a term credit facility of
   Rp150.000.000.000 dan fasilitas bank garansi                    Rp150,000,000,000 and bank guarantee facility of
   sebesar Rp20.000.000.000 yang akan digunakan                    Rp20,000,000,000 which will be used for working
   untuk modal kerja dan dapat dipergunakan secara                 capital and can be used jointly by the Company
   bersama-sama oleh Perusahan dan entitas anak.                   and its subsidiaries. The term credit facility is
   Fasilitas kredit berjangka dikenakan suku bunga                 subject to an interest rate ranging from 7.35% -
   berkisar antara 7,35%-7,65% sesuai dengan tenor.                7.65% according to the tenor. The term of the
   Jangka waktu fasilitas kredit selama 1 tahun sejak              credit facility is 1 year from the signing of the credit
   ditandatangani perjanjian kredit.                               agreement.




                                                          - 47 -
Page 246
PT SHIELD ON SERVICE TBK                                                            PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                              AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                       Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                              For the Years Ended
31 Desember 2024 dan 2023                                                            December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                            (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                 unless otherwise stated)


   Berdasarkan surat Pemberitahuan Persetujuan                    Based on the Notification of Approval of Extension
   Perpanjangan Jangka Waktu Fasilitas Kredit                     Credit Facility Term dated March 25, 2025, this
   tanggal 25 Maret 2025, perjanjian kredit ini telah             credit agreement has been extended until
   diperpanjang sampai dengan 25 April 2025.                      April 25, 2025.

   Perusahaan dan entitas anak tidak menyerahkan                  The Company and its subsidiaries do not provide
   jaminan kepada Danamon atas fasilitas ini (clean               any collateral to Danamon for this facility (clean
   basis).                                                        basis).

   Tanpa persetujuan tertulis terlebih dahulu dari                Without prior written approval from Danamon,
   Danamon, Perusahaan dan entitas anak dilarang                  the Company and subsidiaries is prohibitted to the
   melakukan hal-hal sebagai berikut, antara lain:                perform any of the following, among others:
   1. menjual atau mengalihkan            aset milik              1. to sell or otherwise assign assets ownership of
       Perusahaan dan entitas anak.                                   the Company and Subsidiaries.
   2. menjaminkan/mengagunkan               kekayaan              2. to secure/pledge/mortagage the Company and
       Perusahaan dan entitas anak kepada                              Subsidiaries’ assets to any person/other party.
       orang/pihak lain.
   3. mengadakan         perjanjian    yang      dapat            3.   to enter into an agreement that may create an
       menimbulkan hutang bagi Perusahaan dan                          obligator to the Company and the subsidiary
       entitas anak.
   4. menjamin langsung maupun tidak langsung                     4.   to guarantee or make warranty, either directly
       pihak lainnya untuk keperluan pembayaran                        or indirectly such other transaction normally
       atau penagihan transaksi-transaksi lain yang                    done for the performance of its business
       lazim dilakukan dalam menjalankan usaha.                        activities.
   5. memberikan pinjaman kepada pihak lain.                      5.   to provide loan to other party.
   6. mengadakan perubahan sifat dan kegiatan                     6.   to make any change to the nature or type of
       usaha Perusahaan dan entitas anak.                              business activities the Company and
                                                                       Subsidiaries.
   7.  mengubah anggaran dasar, susunan pengurus                  7.   changing the articles of association, structure
       dan para pemegang saham.                                        of management and shareholders.
   8. mengumumkan dan membagikan dividen                          8.   to announce, declare and distribute the
       (kecuali untuk Perusahaan terbuka).                             dividends (except for public company).
   9. melakukan penggabungan usaha (merger)                       9.   to perform a merger with other corporation,
       dengan badan usaha lain, peleburan usaha                        consolidation     with    other    corporation,
       (konsolidasi) bersama dengan badan usaha                        acquisition of shares, business spin-off and
       lain,   pengambilalihan    (akuisisi)  saham,                   acqusition.
       pemisahan usaha (spin-off) dan akuisisi
       (pengambilalihan).
   10. melakukan      pembubaran     atau    likuidasi            10. to perform winding-up or liquidation pursuant
       berdasarkan      keputusan     rapat     umum                  to a resolution of the general meeting of
       pemegang saham.                                                shareholders.
   11. membayar hutang-hutang dalam bentuk                        11. to pay or repay any loans in any form
       apapun juga, oleh pemegang saham                               whatover by the shareholder of the
       Perusahaan dan entitas anak.                                   Company’s and Subsidiaries.
   12. mengajukan pembiayaan kembali (double                      12. to apply for double financing.
       financing).

   Beban bunga atas pinjaman ini untuk tahun yang                 Interest expenses of the loan for the year ended
   berakhir pada tanggal 31 Desember 2024 sebesar                 December 31, 2024 amounted to Rp2,102,098,611
   Rp2.102.098.611 dicatat sebagai bagian dari                    were recorded as part of “Financing Costs - Bank
   “Beban Keuangan - Beban Bunga Pinjaman Bank”                   Loans Interest Expenses” in the consolidated
   pada laporan laba rugi dan penghasilan                         statement of profit or loss and other comprehensive
   komprehensif lain konsolidasian.                               income.

   Manajemen      berpendapat bahwa     seluruh                   The management is of the opinion that all of
   pembatasan dari Danamon telah dipenuhi pada                    the Danamon’s covenants have been met as at
   tanggal 31 Desember 2024.                                      December 31, 2024.




                                                         - 48 -
Page 247
PT SHIELD ON SERVICE TBK                                                                 PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                   AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                            Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                   For the Years Ended
31 Desember 2024 dan 2023                                                                 December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                 (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                      unless otherwise stated)


14. Utang Usaha                                                    14. Trade Payables

    Rincian utang usaha berdasarkan bidang usaha                      The details of trade payables based on business
    adalah sebagai berikut:                                           activities are as follows:

                                                 2024                  2023

    Jasa manajemen parkir                    11.393.034.981         5.919.866.189   Parking management services
    Jasa keamanan                             1.932.265.093         1.310.937.059   Security services
    Jasa kebersihan                             752.718.840         1.819.963.740   Cleaning services
    Jasa penyedia sumber daya manusia           647.970.343           488.799.198   Human resources provider services
    Lain-lain                                    21.011.531            39.024.715   Others

    Total                                    14.747.000.788         9.578.590.901 Total



    Rincian utang usaha berdasarkan pemasok adalah                    The details of trade payables by suppliers are as
    sebagai berikut                                                   follows:

                                                 2024                  2023

    Pihak ketiga                                                                    Third parties
    Pusat Pengelolaan Komplek                                                       Pusat Pengelolaan Komplek
      Gelora Bung Karno                      10.094.190.656         4.304.139.679     Gelora Bung Karno
    PT Anugrah Berkat Solusi Utama              441.921.800            48.073.500   PT Anugrah Berkat Solusi Utama
    PT Osha Asia                                316.083.600           390.379.800   PT Osha Asia
    PT XDC Indonesia                            169.485.012                     -   PT XDC Indonesia
    PT Mahkota Mulia Prada                      167.259.000                     -   PT Mahkota Mulia Prada
    PT Vista Permata Indah                      154.821.570            12.865.850   PT Vista Permata Indah
    PT Kharisma Plastik Indo                    125.888.000           149.455.000   PT Kharisma Plastik Indo
    PT PP Properti Tbk                          141.776.232           105.163.420   PT PP Properti Tbk
    PT Gunung Marga Perkasa                     109.311.318                     -   PT Gunung Marga Perkasa
    PT Inti Pratama Permai                                -           758.528.075   PT Inti Pratama Permai
    PT Bunga Matahari Solusindo                           -           311.009.431   PT Bunga Matahari Solusindo
    PT Syifa Multimedia                                   -           225.375.000   PT Syifa Multimedia
    CV Makmur Abadi                                       -           114.667.106   CV Makmur Abadi
    Lain-lain (masing-masing
      dibawah Rp100.000.000)                  3.026.263.600         3.158.934.040 Others (each below Rp100,000,000)

    Total                                    14.747.000.788         9.578.590.901 Total


    Pada tanggal 31 Desember 2024 dan 2023,                           As at December 31, 2024 and 2023, all the carrying
    seluruh nilai tercatat utang usaha Grup                           amount of the Group’s trade payables are
    berdenominasi Rupiah.                                             denominated in Rupiah.


15. Utang Lain-lain                                                15. Others Payables

    Pada tanggal 31 Desember 2024 dan 2023, akun                       As at December 31, 2024 and 2023, this account
    ini merupakan utang lain-lain kepada pihak ketiga                  is other payables to third parties amounted to
    masing-masing sebesar Rp2.827.496.899 dan                          Rp2,827,496,899      and       Rp6,280,879,056,
    Rp6.280.879.056. Seluruh nilai tercatat utang lain-                respectively. The entire carrying amount of
    lain Grup berdenominasi Rupiah.                                    the Group's other payables is denominated in
                                                                       Rupiah.




                                                          - 49 -
Page 248
PT SHIELD ON SERVICE TBK                                                                  PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2024 dan 2023                                                                  December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                  (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                       unless otherwise stated)


16. Liabilitas yang Masih Harus Dibayar                            16. Accrued Liabilities

    Rincian liabilitas yang masih harus dibayar                        The details of accrued liabilities based on business
    berdasarkan bidang usaha adalah sebagai berikut:                   activities are as follows:

                                                 2024                   2023

    Jasa penyedia sumber daya manusia        24.563.560.729         20.218.693.927   Human resources provider services
    Jasa keamanan                            14.736.720.420          9.941.597.390   Security services
    Jasa kebersihan                           8.362.644.744          4.358.700.798   Cleaning services
    Jasa manajemen parkir                       435.252.433            326.208.379   Parking management services
    Lain-lain                                   161.207.020            166.476.233   Others

    Total                                    48.259.385.346         35.011.676.727 Total


    Rincian liabilitas yang masih harus dibayar                        The details of accrued liabilities based on nature of
    berdasarkan sifat transaksi adalah sebagai berikut:                transactions are as follows:

                                                 2024                   2023

    Gaji dan kompensasi karyawan             28.371.688.515         13.980.408.834 Employee salary and compensation
    Badan Penyelenggara Jaminan                                                    Social Security Administrator (BPJS)
      Sosial (BPJS) Ketenagakerjaan           8.175.383.531         10.001.160.640   for Employment
    Bonus karyawan                            4.994.081.386          4.967.690.313 Employee bonus
    BPJS Kesehatan                            4.790.104.776          4.747.566.079 Social Health BPJS
    Asuransi karyawan                            54.046.431             87.975.000 Employment insurance
    Lain-lain                                 1.874.080.707          1.226.875.861 Others

    Total                                    48.259.385.346         35.011.676.727 Total




17. Utang Pembiayaan Konsumen                                      17. Consumer Financing Payables

    Utang pembiayaan konsumen merupakan utang                          Consumer financing payables represent payables
    atas perolehan kendaraan antara Grup dengan                        to acquire vehicles between the Group and
    PT BCA Finance dan PT Wahana Ottomitra                             PT BCA Finance and PT Wahana Ottomitra
    Multiartha Tbk, pihak ketiga.                                      Multiartha Tbk, third parties.

                                                 2024                   2023

    PT BCA Finance                              681.840.995          1.286.274.073 PT BCA Finance
    PT Wahana Ottomitra Multiartha Tbk          122.116.391            344.758.002 PT Wahana Ottomitra Multiartha Tbk

    Total utang pembiayaan konsumen             803.957.386          1.631.032.075 Total consumer financing payables
    Dikurangi bagian yang jatuh tempo                                              Current maturity of
      dalam waktu satu tahun                    686.480.016            827.074.722   consumer financing payables

    Utang pembiayaan konsumen -
      setelah dikurangi bagian yang jatuh                                            Consumer financing payables -
      tempo dalam waktu satu tahun              117.477.370           803.957.353      net of current maturity



    Utang pembiayaan konsumen berjangka waktu                          Consumer financing payables with term of 2 (two)
    2 (dua) sampai 4 (empat) tahun dengan suku                         until 4 (four) years with effective interest rate at
    bunga efektif antara 2,62% - 11,76%. Pinjaman                      2.62% - 11.76%. The loans are collateralized by
    tersebut dijaminkan dengan kendaraan yang                          the vehicles acquired from the loans.
    dimiliki melalui pinjaman tersebut.




                                                          - 50 -
Page 249
PT SHIELD ON SERVICE TBK                                                                   PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                     AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                     For the Years Ended
31 Desember 2024 dan 2023                                                                   December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                   (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                        unless otherwise stated)


18. Estimasi Liabilitas Imbalan Kerja Karyawan                       18. Estimated Liabilities For Employees' Benefits

    Grup memberikan imbalan kerja kepada karyawan                        The Group provides employee benefits to its
    sesuai dengan imbalan berdasarkan Undang-                            employees in accordance with Law No. 6/2023 and
    Undang No. 6 Tahun 2023 serta Peraturan                              Government Regulation No. 35 Year 2021
    Pemerintah No. 35 Tahun 2021 (PP 35/2021)                            (PP 35/2021) regarding Job Creation (Cipta Kerja).
    tentang Cipta Kerja. Liabilitas imbalan kerja                        The employee benefits liabilities is unfunded.
    tersebut tidak didanai.

    Tabel berikut menyajikan komponen dari beban                         The following tables summarize the components of
    imbalan kerja neto yang diakui dalam laporan laba                    net benefits expense recognized in the
    rugi      dan   penghasilan   komprehensif    lain                   consolidated statements of profit or loss and other
    konsolidasian dan jumlah yang diakui dalam                           comprehensive income and the amounts
    laporan posisi keuangan konsolidasian untuk                          recognized in the consolidated statements of
    liabilitas imbalan kerja yang dihitung oleh Kantor                   financial position for the estimated liabilities for
    Konsultan Aktuaria Yusi dan Rekan dan Kantor                         employee benefits as calculated by an independent
    Konsultan Aktuaria Setya Widodo, aktuaris                            actuary, Kantor Konsultan Aktuaria Yusi dan Rekan
    independen, untuk tahun yang berakhir pada                           and Kantor Konsultan Aktuaria Setya Widodo, for
    tanggal 31 Desember 2024 berdasarkan laporan                         the year ended December 31, 2024 in its each
    untuk masing-masing entitas tanggal 17 Maret                         entity’s report dated March 17, 2025 and for the
    2025 dan untuk tahun yang berakhir pada tanggal                      year ended December 31, 2023 in its each entity’s
    31 Desember 2023 berdasarkan laporan untuk                           report February 26, 2024.
    masing-masing entitas tanggal 26 Februari 2024.

    Metode yang digunakan adalah “Projected Unit                         The method used is “Projected Unit Credit” with the
    Credit ” dengan asumsi-asumsi sebagai berikut:                       following assumptions:
                                              2024                               2023

    Usia pensiun                          58 Tahun/Years                   58 Tahun/Years            Retirement age
    Tingkat kenaikan gaji            3% per Tahun/per Annum           5% per Tahun/per Annum         Salary increase rate
                                           6,88% - 7,13%                        6,66%
    Tingkat diskonto                  per Tahun / per Annum            per Tahun / per Annum         Discount rate
    Tingkat penguduran diri          6% sampai usia 30 tahun          6% sampai usia 45 tahun        Resignation rate
                                     kemudian menurun linear/         kemudian menurun linear/
                                      6% at 30 years old then          6% at 45 years old then
                                          Decrease lineary                 Decrease lineary
                                        from Mortality Rate              from Mortality Rate
    Tingkat Mortalita                         TMI - IV                         TMI - IV              Mortality rate

    Beban imbalan kerja karyawan                                         Employee benefit expense

                                                     2024                 2023

    Biaya jasa kini                              1.554.574.563          997.495.264 Current service cost
    Biaya jasa lalu:                                                                Past service cost:
      Perubahan program                             28.411.542                    -    Plan amandements
      Kurtailmen                                  (250.456.642)                   -    Curtailments
    Biaya bunga                                    321.714.720          334.888.114 Interest cost

    Total                                        1.654.244.183         1.332.383.378 Total


    Mutasi estimasi liabilitas imbalan kerja karyawan                    The movements in the estimated liabilities for
                                                                         employee benefits

                                                     2024                 2023

    Saldo awal                                   5.133.575.154        4.746.038.152   Beginning balance
    Beban imbalan kerja                                                               Current year employee
      tahun berjalan                             1.654.244.183        1.332.383.378     benefits expense
    Keuntungan aktuarial yang diakui pada                                             Actuarial gain recognized in other
      penghasilan komprehensif lain             (1.038.805.895)         (944.846.376)   comprehensive income

    Saldo Akhir                                  5.749.013.442         5.133.575.154 Ending balance




                                                            - 51 -
Page 250
PT SHIELD ON SERVICE TBK                                                                        PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                          AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                   Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                          For the Years Ended
31 Desember 2024 dan 2023                                                                        December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                        (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                             unless otherwise stated)


   Perubahan atas nilai kini liabilitas imbalan pasti                         The movements in the present value of defined
                                                                              benefits obligation

                                                      2024                     2023
   Saldo awal                                    5.133.575.154           4.746.038.152 Beginning balance
   Biaya jasa kini                               1.554.574.563             997.495.264 Current service cost
   Biaya jasa lalu                                (222.045.100)                      - Past service cost
   Biaya bunga                                     321.714.720             334.888.114 Interest cost
   Keuntungan aktuarial                         (1.038.805.895)           (944.846.376) Actuarial gain

   Saldo Akhir                                   5.749.013.442           5.133.575.154 Ending balance


   Analisa sensitivitas dari liabilitas imbalan kerja                         The sensitivity analysis of employee benefits
   terhadap perubahan asumsi aktuarial utama adalah                           liabilities to changes in the principal actuarial
   sebagai berikut:                                                           assumptions is as follow:
                                            Dampak terhadap Liabilitas Imbalan Kerja/
                                             Impact on Employee Benefits Liabilities

                                      Perubahan               Kenaikan             Penurunan
                                        Asumsi/                Asumsi/              Asumsi/
                                       Change in             Increase in           Decrease in
                                      Assumption             Assumption            Assumption

   Tingkat diskonto                             1%            (347.920.590)             382.855.971    Discount rate
   Kenaikan gaji                                1%             366.831.425             (339.530.738)   Salary increase

   Profil jatuh tempo liabilitas imbalan pasti (tidak                         The maturity profile of defined benefits obligation
   didiskontokan) pada tanggal 31 Desember 2024                               (undiscounted) as at December 31, 2024 is as
   adalah sebagai berikut:                                                    follows:

                                                              2024
   1 - 5 tahun                                            6.393.676.059           1 - 5 years
   5 - 10 tahun                                          19.598.224.439           5 - 10 years
   Lebih dari 10 tahun                                  110.187.594.707           More than 10 years

   Total                                                136.179.495.205           Total


   Manajemen Grup telah mereviu asumsi yang                                   The management of the Group has reviewed the
   digunakan dan berpendapat bahwa asumsi                                     assumptions used and agreed that these
   tersebut     sudah    memadai.    Manajemen                                assumptions are adequate. Management believes
   berkeyakinan bahwa liabilitas imbalan kerja                                that the liability for employee benefits is sufficient to
   tersebut telah memadai untuk menutupi liabilitas                           cover the Group’s liability for its employee benefits.
   imbalan kerja Grup.


19. Modal Saham                                                        19. Share Capital

   Susunan pemegang saham Perusahaan pada                                     The composition of the Company’s shareholders as
   tanggal 31 Desember 2024 dan 2023, berdasarkan                             at December 31, 2024 and 2023, based on the
   laporan yang diberikan oleh Biro Administrasi Efek                         report prepared by PT Sinartama Gunita,
   Perusahaan, PT Sinartama Gunita, adalah sebagai                            the Company’s Securities Administration Bureau,
   berikut:                                                                   are as follows:
                                    Jumlah Saham
                                   Ditempatkan dan        Persentase
                                    Disetor Penuh/      Kepemilikan (%)/
                                   Total Issued and      Percentage of             Jumlah (Rp)/
       Pemegang saham                  Fully Paid         Ownership                 Total (Rp)                       Shareholders
   PT Alsok Bass Indonesia                                                                              PT Alsok Bass Indonesia
     Security Services                  634.156.300                79,33%          63.415.630.000         Security Services
   PT Puragraha Dian Pertiwi            100.000.000                12,51%          10.000.000.000       PT Puragraha Dian Pertiwi
   PT Inlife                             39.999.900                 5,00%           3.999.990.000       PT Inlife
   Masyarakat (masing-
     masing di bawah 5%)                 25.258.031                  3,16%            2.525.803.100     Public (each below 5%)

   Jumlah                               799.414.231                    100%        79.941.423.100       Total




                                                              - 52 -
Page 251
PT SHIELD ON SERVICE TBK                                                                  PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2024 dan 2023                                                                  December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                  (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                       unless otherwise stated)


   Pengelolaan Modal                                                    Capital Management

   Tujuan utama pengelolaan modal adalah untuk                          The primary objective of the capital management is
   memastikan pemeliharaan rasio modal yang sehat                       to ensure that it maintains healthy capital ratios in
   untuk mendukung usaha dan memaksimalkan                              order to support its business and to maximize
   imbalan bagi pemegang saham.                                         shareholder value.

   Grup mengelola struktur permodalan dan                               The Group manages its capital structure and
   melakukan penyesuaian, berdasarkan perubahan                         makes adjustments to it, in line of changes in
   kondisi  ekonomi.    Untuk  memelihara    dan                        economic conditions. To maintain or adjust the
   menyesuaikan struktur permodalan, Grup dapat                         capital structure, the Groups may adjust the
   menyesuaikan   pembayaran    dividen  kepada                         dividend payment to shareholders, return capital to
   pemegang saham, imbalan modal kepada                                 shareholders or issue new shares.
   pemegang saham atau menerbitkan saham baru.

   Grup mengawasi modal dengan menggunakan                              The Group monitors its capital using gearing ratio,
   gearing ratio, dengan membagi liabilitas neto                        by dividing net liabilities with the total capital.
   dengan total modal.

   Rasio utang terhadap modal dihitung berdasarkan                      The gearing ratio is calculated as net debt divided
   pembagian antara liabilitas neto dengan jumlah                       by total equity. Net debt is calculated as liabilities
   ekuitas. Liabilitas neto meliputi seluruh liabilitas                 less cash on hand and cash equivalents. Total
   dikurangi dengan kas dan setara kas. Jumlah                          capital is calculated as equity as shown in the
   modal meliputi seluruh ekuitas sebagaimana yang                      consolidated statement of financial position.
   disajikan di dalam laporan posisi keuangan
   konsolidasian.

   Perhitungan gearing ratio adalah sebagai berikut:                    The computation of gearing ratio is as follows:

                                                 2024                    2023
   Total liabilitas                        154.675.620.846         166.856.441.654 Total liabilities
   Dikurangi kas dan setara kas            (51.712.070.094)        (86.167.363.112) Less cash and cash equivalents
   Liabilitas neto                         102.963.550.752          80.689.078.542 Net liabilities
   Ekuitas                                 299.326.732.435         294.255.878.582 Equity
   Rasio liabilitas neto terhadap modal                 0,34                    0,27 Net debt to equity ratio


   Dividen Kas                                                          Cash Dividend

   Berdasarkan Berita Acara Rapat Umum Pemegang                         Based on the Minutes of the Annual General
   Saham Tahunan yang telah diaktakan berdasarkan                       Meeting of Shareholders which was covered by
   Akta Notaris Dr. Sugih Haryati, S.H., M.Kn.                          Notarial Deed No. 123 of Dr. Sugih Haryati, S.H.,
   No. 123 tanggal 21 Juni 2024, Perusahaan                             M.Kn.     dated June 21, 2024, the Company
   membagikan dividen tunai untuk tahun buku yang                       distributed cash dividend for the financial year
   berakhir pada tanggal 31 Desember 2023 sebesar                       ended December 31, 2023 amounted to
   Rp7.994.142.310 atau Rp10 per saham kepada                           Rp7,994,142,310 or Rp10 per share to the
   para pemegang saham.                                                 shareholders.


20. Kepentingan Non-Pengendali                                     20. Non-Controlling Interests

   Mutasi kepentingan non-pengendali atas aset neto                    Movements of non-controlling interests                in
   Entitas Anak adalah sebagai berikut:                                Subsidiaries’ net assets are as follows:

                                                 2024                    2023

   Saldo awal                               30.107.368.980          23.043.355.897 Beginning balance
   Laba tahun berjalan                       6.567.784.404           6.933.157.859 Income for the year
   Laba komprehensif lain tahun berjalan       209.846.924             130.855.224 Other comprehensive income for the year

   Saldo akhir                              36.885.000.308          30.107.368.980 Ending balance




                                                          - 53 -
Page 252
PT SHIELD ON SERVICE TBK                                                             PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                               AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                        Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                               For the Years Ended
31 Desember 2024 dan 2023                                                             December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                             (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                  unless otherwise stated)


21. Pendapatan Neto                                            21. Net Revenues

                                              2024                  2023

   Jasa penyedia sumber daya manusia   1.001.808.686.766       898.363.721.745   Human resources provider services
   Jasa keamanan                         581.413.726.009       574.985.089.964   Security services
   Jasa kebersihan                       220.083.102.445       261.119.801.270   Cleaning services
   Jasa manajemen parkir                  66.790.030.636        45.174.992.224   Parking management services
   Lain-lain                                 153.174.585           709.315.906   Others

   Total                               1.870.248.720.441   1.780.352.921.109 Total


   Tidak terdapat pendapatan kepada satu pelanggan                 There were no revenues made to a specific
   yang melebihi 10% dari total pendapatan.                        customer that represent more than 10% of the total
                                                                   revenues.


22. Beban Pokok Pendapatan                                     22. Cost of Revenues

   Rincian beban pokok pendapatan berdasarkan                      The details of cost of revenues based on business
   bidang usaha adalah sebagai berikut:                            activities are as follows:

                                              2024                  2023

   Jasa penyedia sumber daya manusia    948.867.267.456        843.173.924.651   Human resources provider services
   Jasa keamanan                        507.774.140.603        498.281.990.132   Security services
   Jasa kebersihan                      199.700.555.013        224.905.805.286   Cleaning services
   Jasa manajemen parkir                 55.909.866.308         38.208.639.876   Parking management services
   Lain-lain                                964.833.760          2.504.448.382   Others

   Total                               1.713.216.663.140   1.607.074.808.327 Total


   Rincian beban pokok pendapatan berdasarkan sifat                The details of cost of revenues based on nature of
   transaksi adalah sebagai berikut:                               transactions are as follows:

                                              2024                  2023

   Beban tenaga kerja                  1.633.368.826.908   1.530.567.024.083 Labor expense
   Beban perlengkapan, seragam                                               Supplies, uniforms and
     dan penunjang operasional           62.791.841.785       58.532.601.965   operational support expense
   Beban perijinan, koordinasi                                               Permit, coordination and
     dan jasa professional                6.803.054.603        6.146.348.071   professional services expense
   Beban penyusutan (Catatan 9)           4.378.556.591        3.889.168.798 Depreciation expense (Note 9)
   Beban kendaraan, transportasi                                             Vehicle, transportation
     dan perjalanan dinas                 2.577.451.582        5.234.439.550   and travel expense
   Beban rekrutmen, pendidikan                                               Recruitment, education and
     dan pelatihan karyawan               1.177.817.965          896.618.999   employee training expense
   Beban ATK, fotokopi,                                                      ATK, photocopy, shipping and
     pengiriman dan rumah tangga          1.059.654.307        1.192.476.307   household expense
   Beban manajemen dan                                                       Management and
     operasional parkir                     581.002.441           98.283.279   operational parking expense
   Beban gedung dan komunikasi              358.891.275          345.794.503 Building and communication expense
   Lain-lain (masing-masing dibawah                                          Others (each below
     Rp100.000.000)                         119.565.683          172.052.772   Rp100,000,000)

   Total                               1.713.216.663.140   1.607.074.808.327 Total


   Untuk tahun-tahun yang berakhir pada tanggal                    For the years ended December 31, 2024 and 2023,
   31 Desember 2024 dan 2023, tidak terdapat                       there are no transactions with vendors more than
   transaksi dengan pemasok yang melebihi 10% dari                 10% of the total revenues.
   total pendapatan.




                                                      - 54 -
Page 253
PT SHIELD ON SERVICE TBK                                                              PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                         Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                For the Years Ended
31 Desember 2024 dan 2023                                                              December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                              (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                   unless otherwise stated)


23. Beban Operasional                                           23. Operating Expenses

   Rincian beban operasional berdasarkan bidang                     The details of operating expenses based on
   usaha adalah sebagai berikut:                                    business activities are as follows:

                                              2024                   2023
   Beban umum dan administrasi                                                    General and administrative expenses
   Jasa keamanan                         59.480.880.973          53.495.391.724   Security services
   Jasa kebersihan                       39.504.186.505          36.657.014.415   Cleaning services
   Jasa penyedia sumber daya manusia     28.904.185.419          32.075.638.712   Human resources provider services
   Jasa manajemen parkir                  3.363.847.546           4.881.668.733   Parking management services
   Lain-lain                              3.085.630.845           3.272.508.643   Others

   Sub-total                            134.338.731.288         130.382.222.227 Sub-total

   Beban pemasaran                                                                Marketing expenses
   Jasa keamanan                           222.436.999             235.159.727    Security services
   Jasa penyedia sumber daya manusia        28.081.102              85.660.456    Human resources provider services
   Jasa kebersihan                          10.029.347              14.761.194    Cleaning services
   Jasa manajemen parkir                    16.954.253              16.446.953    Parking management services
   Lain-lain                                         -               2.737.900    Others
   Sub-total                               277.501.701             354.766.230 Sub-total
   Total                                134.616.232.989         130.736.988.457 Total


   Rincian beban operasional berdasarkan       sifat                The details of operating expenses based on nature
   transaksi adalah sebagai berikut:                                of transactions are as follows:

                                              2024                   2023

   Beban umum dan administrasi                                                  General and administrative expenses
   Beban tenaga kerja                   100.227.894.753          92.788.579.832 Labor expense
   Beban kendaraan, transportasi                                                Vehicle, transportation and travel
     dan perjalanan dinas                 6.479.924.368           5.675.047.673   services expense
   Beban gedung dan komunikasi            6.368.840.096           4.590.080.448 Building and communication expense
   Beban penyusutan aset hak                                                    Depreciation expense of right-of-
     guna (Catatan 10)                    5.627.823.129           5.972.917.145   use assets (Note 10)
   Beban perlengkapan, seragam
     dan penunjang operasional                                                    Supplies, uniforms and other
     lainnya                              4.278.538.957           8.479.077.110      operational support expense
   Beban perijinan, koordinasi dan                                                Permit, coordination and
     jasa profesional                     3.777.448.378           3.903.160.407      professional services expense
   Beban penyusutan (Catatan 9)           2.319.764.160           2.190.763.770   Depreciation expense (Note 9)
   Alat tulis kantor, fotokopi,                                                   Office supplies, photocopy,
     pengiriman dan rumah tangga          2.246.071.053           2.303.053.931      shipping and household expense
   Beban imbalan kerja                    1.904.700.825           1.332.383.378   Employee benefit expense
   Beban pajak                              234.509.137             318.904.966   Tax expense
   Beban cadangan piutang usaha                                                   Allowance for uncollectible
     tak tertagih (Catatan 6)              166.428.766            1.081.515.771      for trade receivables (Note 6)
   Beban amortisasi aset tak berwujud      139.037.974                        -   Amortization of intangible asset
   Beban penghapusan piutang usaha                   -              124.852.968   Write-off of trade receivables
   Lain-lain (masing-masing dibawah                                               Others (each below
     Rp40.000.000)                         567.749.692            1.621.884.828      Rp40,000,000)

   Sub-total                            134.338.731.288         130.382.222.227 Sub-total

   Beban pemasaran                                                             Marketing expenses
   Iklan dan promosi                       170.564.224             205.620.103 Advertising and promotion
   Jamuan dan hiburan                      106.937.477             149.146.127 Meals and entertainment

   Sub-total                               277.501.701             354.766.230 Sub-total

   Total                                134.616.232.989         130.736.988.457 Total




                                                       - 55 -
Page 254
PT SHIELD ON SERVICE TBK                                                                         PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                           AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                    Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                           For the Years Ended
31 Desember 2024 dan 2023                                                                         December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                         (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                              unless otherwise stated)


24. Beban Keuangan                                                        24. Financing Costs

    Rincian beban keuangan adalah sebagai berikut:                            The details of financing costs are as follows:

                                                         2024                  2023

    Beban bunga pinjaman bank                        10.235.759.991        11.066.651.385 Bank loans interest expenses
    Administrasi bank                                   643.797.569           737.333.969 Bank charges
    Beban bunga liabilitas sewa                                                           Interest expense of lease
      (Catatan 10)                                     437.181.889            588.393.557    liabilities (Note 10)
    Biaya provisi dan administrasi                     399.826.443            636.095.949 Provision and administration expenses
    Beban bunga pembiayaan konsumen                    152.742.382            186.504.350 Consumer finance interest expenses
    Biaya pajak jasa giro                              125.705.520            143.329.119 Tax on interest income

    Total                                            11.995.013.794        13.358.308.329 Total



25. Penghasilan Lain-lain - Neto                                          25. Other Income - Net

    Rincian    penghasilan      lain-lain   adalah    sebagai                  The details of other income are as follows:
    berikut:

                                                         2024                  2023

    Penghasilan administrasi karyawan                 1.677.185.000         2.866.126.313 Employee administration income
    Laba penjualan aset tetap (Catatan 9)             1.645.881.826           751.153.682 Gain on sale of fixed assets (Note 9)
    Penghasilan pendidikan                              934.031.181         1.431.533.745 Education income
    Penghasilan seragam                                 673.896.774           956.026.408 Uniform income
    Pemulihan cadangan penurunan nilai                                                    Recovery of allowance for impairment
      piutang usaha (Catatan 6)                         406.135.977                     -   of trade receivables (Note 6)
    Pendapatan imbalan karyawan                         250.456.642                     - Employee benefit income
    Lain-lain - neto                                 12.939.736.117        13.231.806.491 Others - net

    Total                                            18.527.323.517        19.236.646.639 Total



26. Saldo dan Transaksi dengan Pihak Berelasi                             26. Balances and Transactions with Related Party

    Rincian saldo dan transaksi dengan pihak berelasi                         The detail of balances and transactions with related
    adalah sebagai berikut:                                                   party is as follows:

                                                         2024                  2023

    Piutang lain-lain                                                                     Other receivables
    Sohgo Security Services Co., Ltd.                 1.478.878.826                     - Sohgo Security Services Co., Ltd.

    Persentase terhadap total aset                           0,32%                 0,00% Percentage to total assets

    Pendapatan neto                                                                       Net revenues
    Sohgo Security Services Co., Ltd.                     3.000.000                     - Sohgo Security Services Co., Ltd.

    Persentase terhadap                                                                     Percentage to total
      total pendapatan neto                                  0,00%                 0,00%      net revenues

    Beban operasional                                                                     Operating expenses
    Sohgo Security Services Co., Ltd.                 1.116.639.810                     - Sohgo Security Services Co., Ltd.

    Persentase terhadap total                                                               Percentage to total
      beban operasional                                      0,82%                 0,00%      operating expenses




                                                                 - 56 -
Page 255
PT SHIELD ON SERVICE TBK                                                                  PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                             Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                    For the Years Ended
31 Desember 2024 dan 2023                                                                  December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                  (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                       unless otherwise stated)


   Hubungan dan sifat saldo/transaksi antara                            The relationship and the nature of accounts/
   Perusahaan dengan pihak berelasi di atas adalah                      transactions between the Company and the above
   sebagai berikut:                                                     related party is as follows:

            Pihak-pihak Berelasi/                                                 Sifat Saldo Akun/Transaksi/Nature
               Related Parties                Sifat Relasi/Relationship           of Account Balances/Transactions
   Sohgo Security Services Co., Ltd.                  Pemegang saham                         Piutang lain-lain, pendapatan
                                                     pengendali utama/                            dan beban operasional/
                                                     Ultimate controlling                     Other receivables, revenues
                                                            shareholder                           and operating expenses


27. Nilai Wajar Instrumen Keuangan                                  27. Fair Value of Financial Instruments

   Hierarki pengukuran nilai wajar atas aset dan                        Fair value measurement hierarchy of the Group's
   liabilitas keuangan Grup adalah sebagai berikut:                     financial assets and liabilities are as follows:
   • Pengukuran nilai wajar level 1 adalah yang                         • Level 1 fair value measurements are those
       berasal     dari   harga      kuotasian    (tanpa                    derived from quoted prices (unadjusted) in
       penyesuaian) di pasar aktif untuk aset atau                          active markets for identical assets or liabilities
       liabilitas yang identik; yang dapat diakses                          that the entity can access at the measurement
       entitas pada tanggal pengukuran;                                     date;
   • Pengukuran nilai wajar level 2 adalah yang                         • Level 2 fair value measurements are those
       berasal dari input selain harga kuotasian yang                       derived from inputs other than quoted prices
       termasuk dalam level 1 yang dapat diobservasi                        included within Level 1 that are observable for
       untuk aset atau liabilitas, baik secara langsung                     the asset or liability, either directly (i.e. as
       (misalnya harga) atau secara tidak langsung                          prices) or indirectly (i.e. derived from prices);
       (misalnya deviasi dari harga); dan                                   and
   • Pengukuran nilai wajar level 3 adalah yang                         • Level 3 fair value measurements are those
       berasal dari teknik penilaian yang mencakup                          derived from valuation techniques that include
       input untuk aset atau liabilitas yang bukan                          inputs for the asset or liability that are not
       berdasarkan data pasar yang dapat diobservasi                        based     on      observable       market    data
       (input yang tidak dapat diobservasi).                                (unobservable inputs).

   Tidak ada pergerakan level hierarki yang                             There was no movement of hierarchy level used in
   digunakan dalam penilaian aset keuangan dan                          valuation of financial assets and financial liabilities
   liabilitas keuangan   selama    tahun  yang                          during the year.
   bersangkutan.

   Nilai tercatat dari kas dan setara kas, piutang                      The carrying values of cash and cash equivalents,
   usaha, piutang lain-lain, utang bank jangka pendek,                  trade receivables, other receivables, short-term
   utang usaha, utang lain-lain dan liabilitas yang                     bank loans, trade payables, other payables and
   masih harus dibayar telah mencerminkan nilai                         accrued liabilities approximate their fair values due
   wajarnya karena bersifat jangka pendek yang akan                     to their short-term nature which are due within 12
   jatuh tempo dalam waktu 12 (dua belas) bulan.                        months. Other assets - refundable deposits are not
   Aset lain-lain - uang jaminan tidak dinyatakan pada                  stated at quoted market price and whose fair value
   harga pasar dan nilai wajarnya tidak dapat diukur                    cannot be reliably measured without incurring
   secara andal tanpa mengeluarkan biaya yang                           excessive costs, are carried at their nominal
   berlebihan, sehingga dicatat sebesar nilai nominal                   amounts less any impairment losses. It is not
   dikurangi dengan kerugian penurunan nilai. Adalah                    practical to estimate the fair value of refundable
   tidak praktis untuk mengestimasi nilai wajar uang                    deposits because there are no fixed repayment
   jaminan karena tidak ada jangka waktu yang pasti                     terms although they are not expected to be settled
   meskipun tidak diharapkan akan diselesaikan                          within 12 (twelve) months after the consolidated
   dalam 12 (dua belas) bulan sejak tanggal laporan                     statements of financial position date. Consumer
   posisi keuangan konsolidasian. Utang pembiayaan                      financing payables, are measured at amortized
   konsumen diukur pada biaya perolehan dengan                          cost using effective interest rate method, thus their
   menggunakan metode suku bunga efektif sehingga                       carrying values approximate their fair values.
   nilai tercatatnya mendekati nilai wajarnya.




                                                           - 57 -
Page 256
PT SHIELD ON SERVICE TBK                                                                PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                  AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                  For the Years Ended
31 Desember 2024 dan 2023                                                                December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                     unless otherwise stated)


28. Manajemen Risiko Keuangan                                     28. Financial Risk Management

   Grup mendefinisikan risiko keuangan sebagai                       The Group defines financial risks as the possibility
   kemungkinan kerugian atau laba yang hilang, yang                  of losses or profits foregone, which may be caused
   disebabkan oleh faktor internal dan eksternal yang                by internal or external factors which might have
   berpotensi negatif terhadap pencapaian tujuan                     negative potential impact to the achievement of
   Grup.                                                             the Group’s objectives.

   Dalam menjalankan aktivitas operasi, investasi dan                In its operating, investing and financing activities,
   pendanaan, Grup menghadapi risiko keuangan                        the Group is exposed to the following financial
   yaitu: risiko suku bunga, risiko kredit dan risiko                risks: credit risk, liquidity risk and market risk.
   likuiditas.

    a. Risiko Suku Bunga                                             a.   Interest Risk

       Risiko suku bunga adalah risiko di mana nilai                      Interest rate risk is the risk that the fair value of
       wajar atau arus kas masa datang dari suatu                         future cash flows of financial instruments will
       instrumen keuangan akan berfluktuasi akibat                        fluctuate due to the changes in market interest
       perubahan suku bunga pasar. Risiko ini                             rate. The Group’s exposure in the risk mainly
       sebagian besar timbul dari utang bank dan                          arises from the bank loans and financing
       utang pembiayaan.                                                  payables.

       Risiko tingkat suku bunga Grup terutama                            The Group’s interest rate risk mainly arises
       timbul dari pinjaman untuk tujuan modal kerja                      from loans for working capital and investment.
       dan investasi. Manajemen berpendapat bahwa                         Management is of the opinion that the Group’s
       eksposur Grup terhadap risiko suku bunga                           exposure to interest rate risk is not significant
       tidak signifikan dikarenakan sebagian besar                        due to most of the Group’s bank loans are
       pinjaman bank Grup dikenakan tingkat suku                          subject to fixed interest rates.
       bunga tetap.

       Untuk meminimalkan risiko suku bunga,                              To minimize the interest rate risk, the
       manajemen menelaah berbagai suku bunga                             management reviews all interest rete offered
       yang ditawarkan kreditur untuk mendapatkan                         by creditors to obtain the most profitable
       suku bunga yang paling menguntungkan                               interest rate before obtaining the loans.
       sebelum melakukan perikatan utang.

    b. Risiko Kredit                                                 b. Credit Risk

       Risiko kredit adalah risiko bahwa pihak lain                       Credit risk is the risk that counterparty will not
       tidak dapat memenuhi kewajiban atas suatu                          meet its obligations under a financial
       instrumen keuangan atau kontrak pelanggan,                         instrument or customer contract, leading to a
       yang menyebabkan kerugian keuangan.                                financial loss. The Group’s objective is to seek
       Tujuan Grup adalah untuk mencapai                                  continual revenue growth while minimizing
       pertumbuhan pendapatan yang berkelanjutan                          losses incurred due to increased credit risk
       seraya meminimalkan kerugian yang timbul                           exposure.
       atas eksposur peningkatan risiko kredit.

       Grup melakukan transaksi penjualan hanya                           The Group trades only with recognized and
       dengan pihak ketiga yang memiliki nama baik                        creditworthy third parties. It is the Group’s
       dan terpercaya. Kebijakan Grup mengatur                            policy that all customers who wish to trade on
       bahwa seluruh pelanggan yang akan                                  credit terms are subject to credit verification
       melakukan transaksi penjualan secara kredit                        procedures. In addition, receivable balances
       harus melalui proses verifikasi kredit. Selain                     are monitored on an ongoing basis with the
       itu, saldo piutang dipantau secara terus                           objective that the Group’s exposure to bad
       menerus dengan tujuan untuk memastikan                             debts is not significant.
       bahwa eksposur Grup terhadap risiko kredit
       macet tidak signifikan.

        Eksposur maksimum untuk risiko kredit adalah                      The maximum exposure to credit risk is
        sebesar jumlah tercatat dari setiap jenis aset                    represented by the carrying amount of each
        keuangan di dalam laporan posisi keuangan.                        class of financial assets in the statement of
        Grup tidak memiliki jaminan secara khusus                         financial position. The Group does not hold
        atas aset keuangan tersebut.                                      any collateral as security.


                                                         - 58 -
Page 257
PT SHIELD ON SERVICE TBK                                                                                  PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                                    AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                             Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                                    For the Years Ended
31 Desember 2024 dan 2023                                                                                  December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                                  (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                                       unless otherwise stated)


        Tabel berikut ini menunjukkan informasi                                                The following table provides information
        mengenai eksposur risiko kredit berdasarkan                                            regarding the credit risk exposure equal
        nilai tercatat aset keuangan Grup sebagai                                              the Group’s carrying value of financial assets
        berikut:                                                                               as follows:
                                                                                 2024

                                                                              Telah jatuh
                                                                              tempo dan
                                                                              mengalami
                                        Belum jatuh       Telah jatuh       Penurunan nilai/
                                          tempo/            tempo/           Past due and       Pencadangan/       Jumlah/
                                        Not yet due        Past due            impaired          Allowance          Total

       Kas dan setara kas               51.712.070.094                -                  -                  -   51.712.070.094    Cash and cash equivalents
       Piutang usaha                   202.359.830.256   29.810.674.115        809.088.539       (809.088.539) 232.170.504.371    Trade receivables
       Piutang lain-lain                 1.498.824.807                -                  -                  -    1.498.824.807    Other receivables
       Pendapatan yang masih
          harus diterima               102.100.587.997                  -                 -                 -   102.100.587.997   Accrued revenue
       Deposito berjangka yang
          dibatasi penggunaannya         2.443.300.000                  -                 -                 -     2.443.300.000   Restricted time deposit
                                                                                                                                  Other assets - refundable
       Aset lain-lain - uang jaminan     5.834.222.834                  -                 -                 -     5.834.222.834     deposits

       Total                           365.948.835.988   29.810.674.115        809.088.539       (809.088.539) 395.759.510.103    Total




                                                                                 2023

                                                                              Telah jatuh
                                                                              tempo dan
                                                                              mengalami
                                        Belum jatuh       Telah jatuh       Penurunan nilai/
                                          tempo/            tempo/           Past due and       Pencadangan/       Jumlah/
                                        Not yet due        Past due            impaired          Allowance          Total

       Kas dan setara kas               86.167.363.112                -                  -                   -   86.167.363.112   Cash and equivalents
       Piutang usaha                   152.536.313.792   45.842.892.441      1.530.048.791      (1.530.048.791) 198.379.206.233   Trade receivables
       Piutang lain-lain                    20.161.508                -                  -                   -       20.161.508   Other receivables
       Pendapatan yang masih
          harus diterima               122.522.981.253                  -                 -                 -   122.522.981.253   Accrued revenue
                                                                                                                                  Other assets - refundable
       Aset lain-lain - uang jaminan     5.180.908.310                  -                 -                 -     5.180.908.310     deposits

       Total                           366.427.727.975   45.842.892.441      1.530.048.791      (1.530.048.791) 412.270.620.416   Total




       Piutang usaha yang belum jatuh tempo dan                                                Trade receivables that are neither past due nor
       tidak mengalami penurunan nilai berasal dari                                            impaired are with creditworthy debtors with
       debitur yang melakukan pembayaran tepat                                                 good payment record with the Group. Cash
       waktu. Kas dan setara kas ditempatkan pada                                              and cash equivalents are placed in reputable
       lembaga keuangan yang resmi dan memiliki                                                financial institutions.
       reputasi baik.

    c. Risiko Likuiditas                                                                c. Liquidity Risk

       Manajemen risiko likuiditas yang hati-hati                                              Prudent liquidity risk management implies
       berarti mempertahankan kas dan setara kas                                               maintaining sufficient cash and cash
       yang memadai untuk mendukung kegiatan                                                   equivalents to support business activities on
       bisnis secara tepat waktu. Grup menjaga                                                 timely basis. The Group maintains a balance
       keseimbangan         antara   kesinambungan                                             between continuity of trade receivable
       penagihan piutang usaha serta melalui                                                   collection and flexibility through the use of
       fleksibilitas penggunaan pinjaman bank dan                                              bank loans and other borrowings. The table
       pinjaman lainnya. Tabel dibawah merupakan                                               below summarises the maturity profile of
       profil liabilitas keuangan Grup berdasarkan                                             the Group’s financial liabilities based on
       kontrak pembayaran.                                                                     contractual payments.




                                                                        - 59 -
Page 258
PT SHIELD ON SERVICE TBK                                                                     PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                       AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                Notes to the Consolidated Financial Statements
Untuk Tahun-tahun yang Berakhir                                                                       For the Years Ended
31 Desember 2024 dan 2023                                                                     December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                     (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                          unless otherwise stated)


                                                                   2024
                                                   Lebih dari 1
                               Kurang dari        tahun sampai            Lebih dari
                                1 tahun/         dengan 2 tahun/           2 tahun/
                               Less than 1         Over 1 year              Over 2              Total/
                                  year            up to 2 years             years               Total
       Utang bank jangka
          pendek                59.298.713.376                 -                       -    59.298.713.376   Short-term bank loans
       Utang usaha              14.747.000.788                 -                       -    14.747.000.788   Trade payables
       Utang lain-lain           2.827.496.899                 -                       -     2.827.496.899   Other payables
       Liabilitas yang masih
          harus dibayar         48.259.385.346                 -                       -    48.259.385.346   Accured liabilities
       Utang pembiayaan                                                                                      Consumer financing
          konsumen                 686.480.016       117.477.370                       -       803.957.386     payables
       Liabilitas sewa           4.271.497.000       400.000.000                       -     4.671.497.000   Lease liabilities
       Total                   130.090.573.425       517.477.370                       -   130.608.050.795     Total



                                                                   2023
                                                   Lebih dari 1
                               Kurang dari        tahun sampai            Lebih dari
                                1 tahun/         dengan 2 tahun/           2 tahun/
                               Less than 1         Over 1 year              Over 2              Total/
                                  year            up to 2 years             years               Total
       Utang bank jangka
          pendek                95.251.151.826                 -                       -    95.251.151.826   Short-term bank loans
       Utang usaha               9.578.590.901                 -                       -     9.578.590.901   Trade payables
       Utang lain-lain           6.280.879.056                 -                       -     6.280.879.056   Other payables
       Liabilitas yang masih
          harus dibayar         35.011.676.727                 -                       -    35.011.676.727   Accured liabilities
       Utang pembiayaan                                                                                      Consumer financing
          konsumen                827.074.722        803.957.353                       -     1.631.032.075     payables
       Liabilitas sewa            590.625.000                  -                       -       590.625.000   Lease liabilities
       Total                   147.539.998.232       803.957.353                       -   148.343.955.585   Total




                                                              - 60 -
Page 259
PT SHIELD ON SERVICE TBK                                                                                                                                              PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                                                                                                AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                                                          Notes to the Consolidated Financial Statements
Tanggal 31 Desember 2024 serta untuk Tahun yang Berakhir pada Tanggal Tersebut                                                                 As at December 31, 2024 and for the Year then Ended
(Angka-angka disajikan dalam Rupiah, kecuali dinyatakan lain)                                                                             (Figures are presented in Rupiah, unless otherwise stated)


29. Segmen Operasi                                                                                                   29. Operating Segment

    Grup melaporkan segmen-segmen berdasarkan PSAK No. 108 berdasarkan divisi-                                             The Group reported segments under PSAK No. 108 are based on their
    divisi operasi sebagai berikut:                                                                                        operating divisions are as follows:
    1. Jasa penyedia sumber daya manusia                                                                                   1. Human resources provider services
    2. Jasa keamanan                                                                                                       2. Security services
    3. Jasa kebersihan                                                                                                     3. Cleaning services
    4. Jasa manajemen parkir                                                                                               4. Parking management services
    5. Lain-lain                                                                                                           5. Others
                                                                                                       2024

                                   Penyedia Sumber                                          Jasa Manajemen
                                    Daya Manusia/         Jasa                 Jasa             Parkir/
                                       Human            Keamanan/           Kebersihan/         Parking
                                      Resource           Security            Cleaning        Management            Lain-lain/            Total/            Eliminasi/        Konsolidasi/
                                      Providers          Service              Service           Service             Others               Total            Elimination       Consolidation

 LAPORAN LABA RUGI                                                                                                                                                                              CONSOLIDATED STATEMENTS
   DAN PENGHASILAN                                                                                                                                                                               OF PROFIT OR LOSS AND
   KOMPREHENSIF LAIN                                                                                                                                                                             OTHER COMPREHENSIVE
   KONSOLIDASIAN                                                                                                                                                                                 INCOME
 Pendapatan neto                  1.003.161.717.502 581.413.726.009     220.156.454.469       66.790.030.636     2.046.650.485 1.873.568.579.101         (3.319.858.660) 1.870.248.720.441      Net revenues
 Beban pokok pendapatan            (949.654.271.411) (508.535.702.482) (200.258.092.995)     (55.909.866.308)     (964.833.762) (1.715.322.766.958)       2.106.103.818 (1.713.216.663.140)     Cost of revenues

 Laba Bruto                         53.507.446.091     72.878.023.527    19.898.361.474      10.880.164.328      1.081.816.723     158.245.812.143       (1.213.754.842)    157.032.057.301     Gross Profit

                                                                                                                                                                                                General and administrative
 Beban umum dan administrasi       (29.353.929.297)   (60.190.195.193)   (40.736.326.792)     (3.367.164.146)    (3.097.017.906)   (136.744.633.334)     2.405.902.046      (134.338.731.288)    expenses
 Beban pemasaran                       (28.081.102)      (222.436.999)       (10.029.347)        (16.954.253)                 -        (277.501.701)                 -          (277.501.701)   Marketing expenses

 Laba Operasional                   24.125.435.692     12.465.391.335    (20.847.994.665)     7.496.045.929      (2.015.201.183)    21.223.677.108       1.192.147.204       22.415.824.312     Operating Income

 Penghasilan keuangan                  158.145.413        541.996.714       185.094.260          18.385.248         64.431.425          968.053.060                   -          968.053.060    Financing income
 Beban keuangan                    (11.149.782.827)    (9.282.135.531)     (151.891.593)       (371.105.135)       (36.797.486)     (20.991.712.572)      8.996.698.778      (11.995.013.794)   Financing costs
 Penghasilan lain-lain - neto       10.263.237.601      8.602.460.210     5.825.769.376       1.937.383.612        725.561.408       27.354.412.207      (8.827.088.690)      18.527.323.517    Other income - net

 Laba Sebelum Manfaat                                                                                                                                                                           Income Before Income
   (Beban) Pajak Penghasilan        23.397.035.879     12.327.712.728    (14.989.022.622)     9.080.709.654      (1.262.005.836)    28.554.429.803       1.361.757.292       29.916.187.095       Tax Benefit (Expense)

 LAPORAN POSISI KEUANGAN                                                                                                                                                                        CONSOLIDATED STATEMENTS
   KONSOLIDASIAN                                                                                                                                                                                  OF FINANCIAL POSITION
 Aset                                                                                                                                                                                             Assets
 Aset segmen                       238.755.628.608    358.041.134.376    87.762.727.114      20.524.867.608      6.443.807.913     711.528.165.619     (257.525.812.338)    454.002.353.281     Segment assets

 Liabilitas                                                                                                                                                                                     Liabilities
 Liabilitas segmen                 146.197.519.695     85.835.186.031    13.009.648.909      14.175.903.156        501.459.693     259.719.717.484     (105.044.096.638)    154.675.620.846     Segment liabilities

 INFORMASI LAINNYA                                                                                                                                                                              OTHER INFORMATION
 Nilai tercatat neto aset tetap      1.423.683.291      5.836.927.365     1.485.836.802       6.937.017.458      2.235.390.328      17.918.855.244                      -    17.918.855.244     Net carrying amount of fixed assets




                                                                                                        - 61 -
Page 260
PT SHIELD ON SERVICE TBK                                                                                                                                                        PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                                                                                                          AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                                                                                                    Notes to the Consolidated Financial Statements
Tanggal 31 Desember 2024 serta untuk Tahun yang Berakhir pada Tanggal Tersebut                                                                           As at December 31, 2024 and for the Year then Ended
(Angka-angka disajikan dalam Rupiah, kecuali dinyatakan lain)                                                                                       (Figures are presented in Rupiah, unless otherwise stated)


                                                                                                                2023*)

                                             Penyedia Sumber                                          Jasa Manajemen
                                              Daya Manusia/         Jasa                 Jasa             Parkir/
                                                 Human            Keamanan/           Kebersihan/         Parking
                                                Resource           Security            Cleaning        Management            Lain-lain/           Total/             Eliminasi/        Konsolidasi/
                                                Providers          Service              Service           Service             Others              Total             Elimination       Consolidation

                                                                                                                                                                                                          CONSOLIDATED
 LAPORAN LABA RUGI                                                                                                                                                                                         STATEMENTS OF
   DAN PENGHASILAN                                                                                                                                                                                         PROFIT OR LOSS AND
   KOMPREHENSIF LAIN                                                                                                                                                                                       OTHER COMPREHENSIVE
   KONSOLIDASIAN                                                                                                                                                                                           INCOME
 Pendapatan neto                             899.628.239.194   574.985.089.964   261.808.844.540        45.174.992.224      4.346.931.051 1.785.944.096.973        (5.591.175.864) 1.780.352.921.109      Net revenues
 Beban pokok pendapatan                     (843.532.204.086) (501.091.165.038) (227.697.372.478)      (38.225.007.446)    (2.522.985.568) (1.613.068.734.616)      5.993.926.289 (1.607.074.808.327)     Cost of revenues

 Laba Bruto                                   56.096.035.108     73.893.924.926     34.111.472.062      6.949.984.778      1.823.945.483     172.875.362.357         402.750.425      173.278.112.782     Gross Profit

                                                                                                                                                                                                          General and administrative
 Beban umum dan administrasi                 (32.140.144.056)   (53.891.969.757)   (37.005.643.927)     (4.881.868.733)    (3.272.508.643) (131.192.135.116)         809.912.889      (130.382.222.227)    expenses
 Beban pemasaran                                 (85.660.456)      (235.159.727)       (14.761.194)        (16.446.953)        (2.737.900)     (354.766.230)                   -          (354.766.230)   Marketing expenses

 Laba Operasional                             23.870.230.596     19.766.795.442     (2.908.933.059)     2.051.669.092      (1.451.301.060)    41.328.461.011       1.212.663.314       42.541.124.325     Operating Income

 Penghasilan keuangan                            126.397.606        486.698.189        139.595.627         10.608.871         14.755.382         778.055.675                    -          778.055.675    Finance income
 Beban keuangan                               (9.661.371.621)   (11.858.200.384)      (824.054.564)      (827.192.379)       (80.057.928)    (23.250.876.876)       9.892.568.547      (13.358.308.329)   Finance costs
 Pendapatan lain-lain - neto                  10.098.001.735     26.238.756.889      6.550.637.112        294.988.277        526.152.731      43.708.536.744      (24.471.890.105)      19.236.646.639    Other income - net

 Laba Sebelum Manfaat                                                                                                                                                                                     Income Before Income
   (Beban) Pajak Penghasilan                  24.433.258.316     34.634.050.136      2.957.245.116      1.530.073.861       (990.450.875)     62.564.176.554      (13.366.658.244)     49.197.518.310       Tax Benefit (Expense)

 LAPORAN POSISI                                                                                                                                                                                           CONSOLIDATED
   KEUANGAN                                                                                                                                                                                                 STATEMENTS OF
   KONSOLIDASIAN                                                                                                                                                                                            FINANCIAL POSITION
 Aset                                                                                                                                                                                                       Assets
 Aset segmen                                205.122.469.444     387.458.883.448    100.085.290.713     13.571.604.844      8.084.322.013     714.322.570.462     (253.210.250.226)    461.112.320.236     Segment assets

 Liabilitas                                                                                                                                                                                               Liabilities
 Liabilitas segmen                          127.820.017.703     113.546.157.629     10.127.886.092     14.206.855.639        879.254.232     266.580.171.295      (99.723.729.641)    166.856.441.654     Segment liabilities

 INFORMASI LAINNYA                                                                                                                                                                                        OTHER INFORMATION
 Nilai tercatat neto aset tetap                1.773.455.634      3.689.126.505      1.436.769.012      6.768.046.232      3.132.814.984      16.800.212.367                      -    16.800.212.367     Net carrying amount of fixed assets

 *)                                                                                                                                                                                                       *)
      Setelah direklasifikasi, lihat Catatan 31.                                                                                                                                                               As reclassified, refer to Note 31.




                                                                                                                  - 62 -
Page 261
PT SHIELD ON SERVICE TBK                                                                         PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                           AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                                     Notes to the Consolidated Financial Statements
Tanggal 31 Desember 2024 serta untuk Tahun yang                                                   As at December 31, 2024 and
Berakhir pada Tanggal Tersebut                                                                         for the Year then Ended
(Angka-angka disajikan dalam Rupiah, kecuali                                (Figures are presented in Rupiah, unless otherwise
dinyatakan lain)                                                                                                        stated)


30. Laba Per Saham                                                         30. Earnings Per Share

    Perhitungan laba per saham untuk tahun yang                                 The computation of earnings per share for the
    berakhir pada tanggal-tanggal 31 Desember 2024                              years ended December 31, 2024 and 2023 are as
    dan 2023 adalah sebagai berikut:                                            follows:
                                                         2024                     2023

    Total laba tahun berjalan yang                                                         Total income for the years
      dapat diatribusikan kepada                                                             attributable to the owners
      pemilik entitas induk                        5.686.943.161            27.618.497.085   of the parent entity
    Penyesuaian untuk perhitungan                                                          Adjustment for computation of diluted
      laba per saham dilusian                                      -           337.390.240   earnings per share
    Total laba tahun berjalan yang
      digunakan dalam perhitungan                                                              Total income for the years used in
      laba per saham                               5.686.943.161            27.955.887.325       computing earnings per share
    Rata-rata tertimbang saham biasa                                                           Weighted-average number of
      yang beredar                                     799.414.231             594.842.603      ordinary shares outstanding

    Laba per saham dasar                                        7,11                   47,00 Basic earnings per share

    Rata-rata tertimbang saham biasa                                                       Weighted-average number of ordinary
      yang beredar untuk perhitungan                                                        shares outstanding for computation
      laba per saham dilusian                                                  595.021.724  of diluted earnings per share

    Laba per saham dilusian                                                            46,98 Diluted earnings per share



31. Reklasifikasi Akun                                                     31. Reclassification of Accounts

    Manajemen Perusahaan mereklasifikasi beberapa                                 The Company’s management reclassified certain
    angka komparatif dalam laporan keuangan                                       comparative figures in the consolidated financial
    konsolidasian pada tanggal 31 Desember 2023                                   statements as at December 31, 2023 to conform
    untuk menyesuaikan dengan penyajian laporan                                   with the presentation of the consolidated financial
    keuangan konsolidasian pada tanggal dan untuk                                 statements as at and for the year ended
    tahun yang berakhir pada tanggal 31 Desember                                  December 31, 2024. However, the consolidated
    2024.    Namun,     laporan    posisi    keuangan                             statement of financial position as at December 31,
    konsolidasian tanggal 31 Desember 2022 atau awal                              2022 or the beginning comparative period
    periode komparatif (1 Januari 2023) tidak disajikan                           (January 1, 2023) was not presented because the
    kembali karena dampak reklasifikasi tidak material                            impact of reclassification is not material to
    terhadap laporan keuangan konsolidasian Grup.                                 the Group’s consolidated financial statements.

    Tabel dibawah ini menunjukkan dampak dari                                     The table below shows the impact of the
    reklasifikasi akun pada laporan posisi keuangan                               reclassification of accounts to the consolidated
    konsolidasian dan laporan laba rugi dan                                       statement of financial position and consolidated
    penghasilan komprehensif lain konsolidasian:                                  statements of profit or loss and other
                                                                                  comprehensive income:
                                                                2023
                                         Disajikan
                                       sebelumnya/                                       Setelah
                                       As previously         Reklasifikasi/           reklasifikasi/
                                          stated            Reclassification         As reclassified
    LAPORAN POSISI                                                                                         CONSOLIDATED STATEMENT OF
      KEUANGAN KONSOLIDASIAN                                                                                 FINANCIAL POSITION

    ASET                                                                                                   ASSETS
    Aset tetap - neto                   13.716.824.128           3.083.388.239         16.800.212.367      Fixed Assets - net
    Aset hak guna - neto                 5.481.857.512          (3.083.388.239)         2.398.469.273      Right-of-use assets - net

    LAPORAN LABA RUGI DAN                                                                                  CONSOLIDATED STATEMENT OF
      PENGHASILAN KOMPREHENSIF                                                                               PROFIT OR LOSS AND OTHER
      LAIN                                                                                                   COMPREHENSIVE INCOME

    BEBAN POKOK PENDAPATAN                                                                                 COST OF REVENUES
                                                                                                           Depreciation expense of
    Beban penyusutan aset tetap          3.853.946.998             35.221.800            3.889.168.798       fixed assets
                                                                                                           Depreciation expense of
    Beban penyusutan aset hak guna          35.221.800            (35.221.800)                         -     right-of-use assets


                                                                  - 63 -
Page 262
PT SHIELD ON SERVICE TBK                                                                  PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                    AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                              Notes to the Consolidated Financial Statements
Tanggal 31 Desember 2024 serta untuk Tahun yang                                            As at December 31, 2024 and
Berakhir pada Tanggal Tersebut                                                                  for the Year then Ended
(Angka-angka disajikan dalam Rupiah, kecuali                         (Figures are presented in Rupiah, unless otherwise
dinyatakan lain)                                                                                                 stated)


                                                        2023

                                      Disajikan
                                    sebelumnya/                                  Setelah
                                    As previously      Reklasifikasi/         reklasifikasi/
                                       stated         Reclassification       As reclassified

   BEBAN OPERASIONAL                                                                            OPERATING EXPENSES
                                                                                                Depreciation expense of
   Beban penyusutan aset tetap        1.738.160.930        452.602.840          2.190.763.770     fixed assets
                                                                                                Depreciation expense of
   Beban penyusutan aset hak guna     6.425.519.985       (452.602.840)         5.972.917.145     right-of-use assets



32. Komitmen                                                        32. Commitment

   Perusahaan                                                             The Company

   PT Bank Rakyat Indonesia (Persero) Tbk (BRI)                           PT Bank Rakyat Indonesia (Persero) Tbk (BRI)

   Pada tanggal 29 Januari 2024, Perusahaan                               On January 29, 2024, the Company entered Bank
   mengadakan Perjanjian Bank Garansi dengan BRI,                         Guarantee Agreement with BRI, whereby BRI will
   dimana BRI akan memberikan jaminan untuk                               provide guarantee to the beneficiary that BRI will
   kepentingan     Perusahaan      kepada   penerima                      pay a sum of money to the beneficiary in the event
   jaminan, dimana BRI akan membayar sejumlah                             that the Company breach the underlying
   uang kepada penerima apabila Perusahaan                                transaction. BRI will charged the fees for any
   wanprestasi terhadap transaksi yang mendasari.                         issuance and the performance of bank guarantee
   BRI akan mengenakan biaya-biaya untuk setiap                           as stipulated in the agreement. This agreement will
   penerbitan dan pelaksanaan bank garansi                                be terminated if either party terminates it with prior
   sebagaimana      tercantum     dalam    perjanjian.                    written notice.
   Perjanjian ini akan berakhir jika salah satu pihak
   mengakhirinya dengan pemberitahuan tertulis
   sebelumnya.

   Fasilitas Bank Garansi tersebut dijaminkan dengan                      This Bank Guarantee facility were secured with
   deposito berjangka sebesar Rp2.443.300.000 yang                        time deposit amounted to Rp2,443,300,000 which
   akan jatuh tempo 19 Desember 2025.                                     will mature on December 19, 2025.


33. Informasi Tambahan untuk Arus Kas                               33. Supplementary Information for Cash Flows

   Aktivitas pendanaan non-tunai yang signifikan                         Significant financing non-cash activities

                                                            Arus kas dari aktivitas
                                                                  pendanaan/                    Penambahan
                                                           Cash flows from financing                aset
                                                                   activities                    hak guna/
                                                                                                Additions to
                                    1 Jan, 2024/      Penerimaan/           Pembayaran/         right-of-use      31 Des 2024/
                                    Jan 1, 2024        Proceeds              Repayment             assets         Dec 31, 2024

   Liabilitas sewa/
   Lease liabilities                    521.528.202                  -      (5.490.165.689)     9.329.299.555      4.360.662.068

   Utang pembiayaan konsumen/
   Consumer financing payables        1.631.032.075                  -        (827.074.689)                 -        803.957.386




                                                           - 64 -
Page 263
PT SHIELD ON SERVICE TBK                                                               PT SHIELD ON SERVICE TBK
DAN ENTITAS ANAK                                                                                 AND SUBSIDIARIES
Catatan atas Laporan Keuangan Konsolidasian                           Notes to the Consolidated Financial Statements
Tanggal 31 Desember 2024 serta untuk Tahun yang                                         As at December 31, 2024 and
Berakhir pada Tanggal Tersebut                                                               for the Year then Ended
(Angka-angka disajikan dalam Rupiah, kecuali                      (Figures are presented in Rupiah, unless otherwise
dinyatakan lain)                                                                                              stated)


34. Peristiwa Setelah Periode Pelaporan                          34. Events After Reporting Period

    1.   Berdasarkan Akta Pernyataan Keputusan Rapat                 1. Based on the Deed of Statement of Circular
         Umum Pemegang Saham Luar Biasa yang telah                      Resolution Lieu of the Extraordinary General
         diaktakan dalam Akta Notaris No. 84 oleh                       Meeting of Shareholders, which was covered by
         Dr. Sugih Haryati, S.H., M.Kn., pada tanggal                   Notarial Deed No. 84 of Dr. Sugih Haryati, S.H.,
         21 Februari 2025, para pemegang saham                          M.Kn., dated February 21, 2025, the Company’s
         Perusahaan setuju untuk mengubah susunan                       shareholders agreed to change the composition
         Dewan Komisaris menjadi sebagai berikut:                       of the Company’s Boards of Commissioners to
                                                                        become as follows:

         Dewan Komisaris                                                               Board of Commissioners
         Komisaris Utama                         Motohisa Suzuki                       President Commissioner
         Komisaris                                 Maya Osaki                          Commissioner
         Komisaris                              Harry Ramaputra                        Commissioner
         Komisaris Independen                     Azusa Mihara                         Independent Commissioner
         Komisaris Independen                  Supratman Gunawan                       Independent Commissioner



35. Laporan Keuangan Tersendiri Perusahaan                       35. The Company’s Separate Financial Statements

    Informasi keuangan tersendiri Entitas Induk                      Separate financial information of the Parent Entity
    menyajikan informasi laporan posisi keuangan,                    presents statements of financial position,
    laporan laba rugi dan penghasilan komprehensif                   statements of profit or loss and other
    lain, laporan perubahan ekuitas dan laporan arus                 comprehensive income, statements of change in
    kas, dimana penyertaan saham pada entitas anak                   equity and statements of cash flows, whereby the
    dicatat dengan metode ekuitas.                                   investment in subsidiaries are recorded using
                                                                     equity method.

    Informasi keuangan tersendiri Entitas Induk                      The separate financial information of the Parent
    disajikan sebagai lampiran pada laporan keuangan                 Entity is presented as attachment to these
    konsolidasian ini.                                               consolidated financial statements.




                                                        - 65 -
Page 264
Lampiran I                                                                                                        Attachment I

PT SHIELD ON SERVICE TBK                                                                       PT SHIELD ON SERVICE TBK
(ENTITAS INDUK)                                                                                            (PARENT ENTITY)
Laporan Posisi Keuangan                                                                     Statements of Financial Position
31 Desember 2024 dan 2024                                                                       December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                       (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                            unless otherwise stated)




                                             2024                      2023*)

ASET                                                                                   ASSETS

ASET LANCAR                                                                       CURRENT ASSETS
Kas dan setara kas                      16.250.514.360             47.207.634.840 Cash and cash equivalents
Piutang usaha - neto                                                              Trade receivables - net
  Pihak ketiga                          57.554.134.160             70.383.260.939    Third parties
  Pihak berelasi                           158.629.198                200.236.217    Related parties
Piutang lain-lain                                                                 Other receivables
  Pihak ketiga                               8.716.077                  4.478.078    Third parties
  Pihak berelasi                        59.558.584.628             53.964.334.108    Related parties
Persediaan                               4.252.203.414              3.993.642.742 Inventories
Uang muka dan biaya dibayar dimuka       1.417.055.391              1.413.422.988 Advances and prepaid expenses
Pajak dibayar dimuka                       894.743.167                          - Prepaid tax
Pendapatan yang masih harus diterima    42.904.372.484             43.016.823.976 Accrued revenue
Deposito berjangka yang
  dibatasi penggunaannya                 2.443.300.000                               - Restricted time deposits

TOTAL ASET LANCAR                      185.442.252.879            220.183.833.888 TOTAL CURRENT ASSETS

ASET TIDAK LANCAR                                                                 NON-CURRENT ASSETS
Investasi saham                        152.424.840.900            153.436.526.548 Investment in shares
Taksiran tagihan pajak                                                            Estimated claim for income
   penghasilan                           6.484.867.377              7.829.768.566    tax refund
Aset pajak tangguhan                       531.609.551                411.554.852 Deferred tax assets
Aset tetap - neto                        5.836.927.365              3.689.126.505 Fixed assets - net
Aset hak guna - neto                     3.445.142.259                450.661.255 Right-of-use assets - net
Aset tidak berwujud - neto               1.636.632.026                          - Intangible assets - net
Aset lain-lain                           2.238.862.019              1.457.411.834 Other assets

TOTAL ASET TIDAK LANCAR                172.598.881.497            167.275.049.560 TOTAL NON-CURRENT ASSETS

TOTAL ASET                             358.041.134.376            387.458.883.448 TOTAL ASSETS


*)                                                           *)
     Setelah direklasifikasi.                                     As reclassified.




                                                    - 66 -
Page 265
Lampiran II                                                                                                Attachment II

PT SHIELD ON SERVICE TBK                                                            PT SHIELD ON SERVICE TBK
(ENTITAS INDUK)                                                                                 (PARENT ENTITY)
Laporan Posisi Keuangan (lanjutan)                                    Statements of Financial Position (continued)
31 Desember 2024 dan 2023                                                            December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                            (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                 unless otherwise stated)




                                             2024                 2023

LIABILITAS DAN EKUITAS                                                         LIABILITIES AND EQUITY

LIABILITAS                                                                     LIABILITIES

LIABILITAS JANGKA PENDEK                                                     CURRENT LIABILITIES
Utang bank jangka pendek                56.798.713.376        95.251.151.826 Short-term bank loans
Utang usaha                                                                  Trade payables
   Pihak ketiga                          2.032.740.005         1.310.937.058   Third parties
   Pihak berelasi                          878.528.317         1.253.598.334   Related parties
Utang lain-lain - pihak ketiga             691.720.226         1.008.495.201 Other payables - third parties
Utang pajak                              5.371.853.593         3.045.151.826 Taxes payables
Liabilitas yang masih harus dibayar     14.736.720.420         9.941.597.389 Accrued liabilites
Uang muka pelanggan                                  -            48.278.074 Advance from customers
Liabilitas jangka panjang yang
   jatuh tempo dalam waktu                                                   Current maturities of
   satu tahun:                                                                 long-term liabilities:
   Utang pembiayaan konsumen               122.116.392           222.641.610   Consumer financing payables
   Liabilitas sewa                       3.235.632.555           230.895.486   Lease liabilities

TOTAL LIABILITIAS JANGKA PENDEK         83.868.024.884       112.312.746.804 TOTAL CURRENT LIABILITIES

LIABILITAS JANGKA PANJANG                                                      NON-CURRENT LIABILITIES
Liabilitas jangka panjang setelah
   dikurangi bagian yang jatuh                                               Long-term liabilities - net of
   tempo dalam waktu satu tahun:                                               current maturities:
   Utang pembiayaan konsumen                           -         122.116.392   Consumer financing payables
Estimasi liabilitas imbalan                                                  Estimated liabilities for
   kerja karyawan                        1.967.161.147         1.111.294.432   employees' benefit

TOTAL LIABILITAS JANGKA PANJANG          1.967.161.147         1.233.410.824 TOTAL NON-CURRENT LIABILITIES

TOTAL LIABILITAS                        85.835.186.031       113.546.157.628 TOTAL LIABILITIES

EKUITAS                                                                       EQUITY
Modal saham - nilai nominal                                                   Share capital - par value of
  Rp100 per saham                                                                Rp100 per share
Modal dasar - 2.000.000.000                                                   Authorized - 2,000,000,000
  saham                                                                          shares
Modal ditempatkan dan disetor                                                 Issued and fully paid -
  penuh -799.414.231 saham              79.941.423.100        79.941.423.100     799,414,231 shares
Tambahan modal disetor - neto           58.915.355.446        58.915.355.446 Additional paid-in capital - net
Kerugian aktuarial atas                                                       Actuarial losses on
  imbalan kerja - neto                  (1.200.723.901)       (1.801.145.575)    employee benefits - net
Saldo laba                             134.549.893.700       136.857.092.849 Retained earnings

EKUITAS NETO                           272.205.948.345       273.912.725.820 NET EQUITY

TOTAL LIABILITAS DAN EKUITAS           358.041.134.376       387.458.883.448 TOTAL LIABILITIES AND EQUITY




                                                    - 67 -
Page 266
Lampiran III                                                                                             Attachment III

PT SHIELD ON SERVICE TBK                                                           PT SHIELD ON SERVICE TBK
(ENTITAS INDUK)                                                                                (PARENT ENTITY)
Laporan Laba Rugi dan Penghasilan                                         Statements of Profit or Loss and Other
Komprehensif Lain                                                                        Comprehensive Income
Untuk Tahun-tahun yang Berakhir                                                             For the Years Ended
31 Desember 2024 dan 2023                                                           December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                           (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                unless otherwise stated)




                                            2024                2023

PENDAPATAN NETO                        581.413.726.009      574.985.089.964 NET REVENUES

BEBAN POKOK PENDAPATAN                 508.535.702.482      501.091.165.038 COST OF REVENUES

LABA BRUTO                              72.878.023.527      73.893.924.926 GROSS PROFIT

BEBAN OPERASIONAL                                                          OPERATING EXPENSES
Umum dan administrasi                   60.190.195.193      53.891.969.757 General and administrative
Pemasaran                                  222.436.999         235.159.727 Marketing

Total Beban Operasional                 60.412.632.192      54.127.129.484 Total Operating Expenses

LABA OPERASIONAL                        12.465.391.335      19.766.795.442 OPERATING INCOME

PENGHASILAN (BEBAN) LAIN-LAIN                                                OTHER INCOME (EXPENSES)
Penghasilan keuangan                       541.996.714          486.698.189 Finance income
Beban keuangan                          (9.282.135.531)     (11.858.200.384) Finance costs
Penghasilan lain-lain - neto             8.268.305.924       26.238.756.889 Other income - net

Penghasilan (Beban) Lain-lain - neto      (471.832.893)     14.867.254.694 Other Income (Expenses) - net

LABA SEBELUM MANFAAT                                                         INCOME BEFORE
   (BEBAN) PAJAK PENGHASILAN            11.993.558.442      34.634.050.136     INCOME TAX BENEFIT (EXPENSE)

MANFAAT (BEBAN)                                                              INCOME TAX
     PAJAK PENGHASILAN                                                         BENEFIT (EXPENSES)
Kini                                                                         Current
  Tahun berjalan                        (5.984.256.960)      (7.202.425.340)   Current year
  Tahun sebelumnya                        (416.835.760)                   -    Prior year
Tangguhan                                   94.477.439          186.872.289 Deferred

Beban Pajak - Neto                      (6.306.615.281)      (7.015.553.051) Tax Expenses - Net

LABA TAHUN BERJALAN                      5.686.943.161      27.618.497.085 INCOME FOR THE YEAR

PENGHASILAN (RUGI)                                                          OTHER COMPREHENSIVE
  KOMPREHENSIF LAIN                                                            INCOME (LOSS)
Pos yang tidak akan                                                         Item that will not be
  direklasifikasikan ke laba rugi:                                             reclassified to profit or loss:
  Pengukuran kembali liabilitas                                                Remeasurement of employee
     imbalan kerja                         769.771.377         777.083.268       benefits liabilities
  Beban pajak terkait                     (169.349.703)       (170.958.319)    Related income tax

PENGHASILAN KOMPREHENSIF                                                   OTHER COMPREHENSIVE
  LAIN TAHUN BERJALAN -                                                      INCOME FOR THE
  SETELAH PAJAK                           600.421.674          606.124.949   YEAR - NET OF TAX

TOTAL LABA KOMPREHENSIF                                                      TOTAL COMPREHENSIVE
  TAHUN BERJALAN                         6.287.364.835      28.224.622.034     INCOME FOR THE YEAR




                                                   - 68 -
Page 267
Lampiran IV                                                                                                                    Attachment IV


PT SHIELD ON SERVICE TBK                                                                                     PT SHIELD ON SERVICE TBK
(ENTITAS INDUK)                                                                                                          (PARENT ENTITY)
Laporan Perubahan Ekuitas                                                                                 Statements of Changes in Equity
Untuk Tahun-tahun yang Berakhir                                                                                       For the Years Ended
31 Desember 2024 dan 2023                                                                                     December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                                                     (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                                          unless otherwise stated)




                                                                                        Kerugian
                                                                                        Aktuarial
                                          Modal Ditempatkan      Tambahan             atas Imbalan
                                          dan Disetor penuh/       Modal               Kerja - Neto/
                                            Share Capital         Disetor/           Actuarial Losses      Saldo Laba/         Ekuitas
                                              Issued and         Additional           on Employee           Retained            Neto/
                                               Fully Paid      Paid-In Capital        Benefits - Net        Earnings          Net Equity

Saldo pada tanggal 1 Januari 2023/
Balance as at January 1, 2023                66.369.431.600     26.342.575.846         (2.407.270.524)    109.238.595.764    199.543.332.686

Laba tahun berjalan/
Income for the year                                       -                      -                  -      27.618.497.085     27.618.497.085

Penghasilan komprehensif lain/
Other comprehensive income                                -                      -       606.124.949                     -      606.124.949

Total laba komprehensif tahun berjalan/
Total comprehensive income for the year                   -                      -       606.124.949       27.618.497.085     28.224.622.034

Tambahan modal disetor/
Additional share capital                     13.571.991.500     32.572.779.600                      -                    -    46.144.771.100

Saldo pada tanggal 31 Desember 2023/
Balance as at December 31, 2023              79.941.423.100     58.915.355.446         (1.801.145.575)    136.857.092.849    273.912.725.820

Laba tahun berjalan/
Income for the year                                       -                      -                  -       5.686.943.161      5.686.943.161

Penghasilan komprehensif lain/
Other comprehensive loss                                  -                      -       600.421.674                     -      600.421.674

Total laba komprehensif tahun berjalan/
Total comprehensive income for the year                   -                      -       600.421.674        5.686.943.161      6.287.364.835

Dividen tunai/
Cash dividend                                             -                      -                  -      (7.994.142.310)    (7.994.142.310 )

Saldo pada tanggal 31 Desember 2024/
Balance as at December 31, 2024              79.941.423.100     58.915.355.446         (1.200.723.901)    134.549.893.700    272.205.948.345




                                                                  - 69 -
Page 268
Lampiran V                                                                                                 Attachment V

PT SHIELD ON SERVICE TBK                                                               PT SHIELD ON SERVICE TBK
(ENTITAS INDUK)                                                                                    (PARENT ENTITY)
Laporan Arus Kas                                                                          Statements of Cash Flows
Untuk Tahun-tahun yang Berakhir                                                                 For the Years Ended
31 Desember 2024 dan 2023                                                               December 31, 2024 and 2023
(Angka-angka disajikan dalam Rupiah,                                               (Figures are presented in Rupiah,
kecuali dinyatakan lain)                                                                    unless otherwise stated)




                                             2024                2023

ARUS KAS DARI                                                               CASH FLOWS FROM
  AKTIVITAS OPERASI                                                            OPERATING ACTIVITIES
Penerimaan dari pelanggan               594.348.633.225    540.095.801.096 Receipt from customers
Penerimaan tagihan                                                          Receipt from claims for
  pajak penghasilan                       2.715.207.014                   -    income tax refund
Penerimaan bunga                            541.996.714                   - Interest received
Pembayaran kepada pemasok,                                                  Payments to suppliers, employees
  karyawan dan beban operasi           (553.746.600.205) (546.088.920.284 )    and operating expenses
Pembayaran bunga dan                                                        Payments of interest and
  beban keuangan                         (9.293.088.451)   (11.844.226.631)    financing costs
Pembayaran pajak                         (7.783.050.482)    (7.403.717.805) Payments of tax
Pembayaran kas lain-lain                              -       (281.054.310) Other cash payments

Kas neto yang diperoleh
  dari (digunakan untuk)                                                        Net cash provided by
  aktivitas operasi                     26.783.097.815       (25.522.117.934)     (used in) operating activities

ARUS KAS DARI                                                                 CASH FLOWS FROM
  AKTIVITAS INVESTASI                                                           INVESTING ACTIVITIES
Penerimaan dari                                                               Proceeds from sales
  penjualan aset tetap                      369.211.712          326.347.802    of fixed assets
Penambahan aset tetap                    (4.103.892.395)      (1.770.700.027) Addition of fixed assets
Penambahan aset takberwujud              (1.775.670.000)                   - Addition of intangible assets
Penambahan aset hak guna                              -         (338.129.733) Addition of right-of-use assets

Kas neto yang digunakan                                                         Net cash used in
  untuk aktivitas investasi              (5.510.350.683)      (1.782.481.958)     investing activities

ARUS KAS DARI                                                               CASH FLOWS FROM
  AKTIVITAS PENDANAAN                                                          FINANCING ACTIVITIES
Kenaikan (penurunan) utang                                                  Increase (decrease) in
  bank jangka pendek - neto             (38.452.438.450)     25.580.801.427    short-term bank loans - net
Pembayaran dividen kas                   (7.994.142.310)                  - Payments of cash dividend
Pembayaran liabilitas sewa               (3.117.345.242)                  - Payments of lease liabilities
Kenaikan deposito berjangka
  yang dibatasi penggunaannya            (2.443.300.000)                  - Increase of restricted time deposit
Pembayaran utang pembiayaan                                                  Payments of long-term
  konsumen jangka panjang                  (222.641.610)     (3.108.085.939)   consumer financing payables
Penerimaan setoran modal                                                     Proceeds of paid-in capital
  dari pemegang saham                                 -      46.144.771.100    from shareholder

Kas neto yang diperoleh
  dari (digunakan untuk)                                                        Net cash provided by
  aktivitas pendanaan                   (52.229.867.612)     68.617.486.588       (used in) financing activities

KENAIKAN (PENURUNAN) NETO                                                       NET INCREASE (DECREASE)
  KAS DAN SETARA KAS                    (30.957.120.480)     41.312.886.696       IN CASH AND CASH EQUIVALENTS

KAS DAN SETARA KAS                                                              CASH AND CASH EQUIVALENTS
  PADA AWAL TAHUN                       47.207.634.840        5.894.748.144       AT BEGINNING OF YEAR

KAS DAN SETARA KAS                                                              CASH AND CASH EQUIVALENTS
  PADA AKHIR TAHUN                      16.250.514.360       47.207.634.840       AT END OF YEAR




                                                    - 70 -
Page 269

          

File

File Open PDF
Source IDX
Size7.27 MB
Published17 Apr 2025
Pages269
Characters1,433,107
Text sourceEmbedded text layer
OCR confidence—

Names mentioned 131 people and organisations named in the text · linked when the evidence is strong

linked org Shield On Service Tbk. p.4 ×210
linked person Motohisa Suzuki · Komisaris Utama p.20 ×12
linked person Hiroshi Iwai · Direktur Utama p.26 ×10
linked org ALSOK BASS p.28 ×24
linked person MAYA OSAKI · Komisaris p.34 ×5
linked person SUPRATMAN GUNAWAN · Komisaris Independen p.34 ×5
linked person AZUSA MIHARA · Komisaris Independen p.34 ×5
linked person AKIRA KAWAMURA · Direktur p.35 ×6
linked person DJONO KARJADI · Direktur p.35 ×6
linked person RYOJI HAMASAKI · Direktur p.35 ×5
linked person Herman Julianto · Komisaris p.53 ×4
linked org Mitsubishi Corporation p.59 ×3
linked org Cahayaputra Asa Keramik Tbk. p.60 ×5
linked org PT Bank Danamon Indonesia p.64 ×3
linked org PT Bumi Serpong Damai p.66 ×3
linked org Matahari Putra Prima p.66 ×2
linked person Yoshinobu Nagao p.72 ×2
linked person Jun Taguchi p.72 ×2
possible org PT Bursa Efek Indonesia p.14 ×8
possible org PT ALSOK p.28 ×2
possible org PT Inlife p.38 ×12
possible person Abdul Razak p.51
possible org MUFG Bank p.64 ×2
possible — Morgan Stanley p.64 ×2
possible person Herman · Komisaris p.68
possible org PT Puragraha p.70 ×3
possible org PT Nusantara p.70
possible org Otoritas Jasa Keuangan p.74 ×4
unresolved org SHIELD ON SERVICES Tbk p.2 ×224
unresolved person Keberagaman Komposisi · Komisaris p.5
unresolved person Pengungkapan Rangkap · Komisaris p.5
unresolved org Indonesia Stock Exchange p.14 ×4
unresolved org Kementerian Tenaga Kerja RI p.16
unresolved org Bank Indonesia p.26 ×2
unresolved org Bank Indonesia. Indonesia's Indonesia p.26
unresolved org Pusat Statistik. Capaian p.27
unresolved org PT ALSOK BASS Indonesia Security Services BASS Indonesia p.28
unresolved org PT ALSOK BASS Indonesia Security Services. Oleh p.28
unresolved org PT Shield On p.34 ×2
unresolved org Service Tbk. p.34 ×2
unresolved org PT ALSOK BASS Indonesia Security Services p.38 ×15
unresolved org PT Puragraha Dianpertiwi p.38 ×7
unresolved person Akta Notaris Veronica Lily Dharma p.38 ×2
unresolved org Menteri Kehakiman Republik Indonesia p.38
unresolved person Notary Public Henny Kurnia Tjahja p.39 ×2
unresolved org Menteri p.39
unresolved org Minister of Law and Human Rights p.39
unresolved org PT ALSOK BASS Indonesia p.40 ×3
unresolved org Shield On Financial Summary Ikhtisar Keuangan Service Tbk. p.43 ×2
unresolved org Jasa Pengamanan p.53
unresolved org Kepolisian Nasional p.54 ×3
unresolved org Departemen Kepolisian Metropolitan Tokyo p.54
unresolved org PT Human Resources Solution p.55 ×10
unresolved org PT Human Resources Provider p.55 ×12
unresolved org PT SOS Indonesia p.55 ×10
unresolved org PT Master Parking Indonesia p.55 ×10
unresolved org PT Safe Secured Solution p.55 ×10
unresolved org Departemen Penelitian p.56
unresolved org Departemen Internasional p.56 ×2
unresolved org Departemen Perencanaan & Administrasi Perusahaan p.56
unresolved org Departemen Perencanaan Pemasaran & Produk p.56
unresolved org Kementerian Luar Negeri p.56 ×2
unresolved org Ministry of Foreign Affairs p.57 ×4
unresolved org PT Bali Permai Perkasa p.58 ×2
unresolved org PT Graha Persada Kurnianusa p.58 ×2
unresolved org Bank BII p.58 ×15
unresolved org PT Inti Pratama Permai p.58 ×2
unresolved org PT Sakura Mitra Perdana p.59 ×4
unresolved org PT Onitsuka Management Consulting p.59 ×2
unresolved org MK Builder Corporation p.59 ×2
unresolved org Bank Perkreditan Rakyat Trisurya Binartha p.60 ×2
unresolved org Bank Internasional Indonesia p.60
unresolved org Bank BII Wilayah Jabar p.60
unresolved org PT MLC Investment Indonesia p.60 ×2
unresolved org PT BII Finance Center p.60 ×2
unresolved org Bank BII Juanda p.60
unresolved org Bank BII Bogor p.60
unresolved org Bank BII Cimahi p.60
unresolved org Kantor Akuntan Publik R. p.60
unresolved org Bank Internasional Indonesia Branch Office p.61
unresolved org Bank Branch BII Juanda p.61
unresolved org Bank BII Bogor Branch p.61
unresolved org Bank BII Cimahi Branch p.61
unresolved org Bank Industri Subsidiary Branch p.61
unresolved org Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. p.64 ×2
unresolved org Mitsubishi UFJ Securities Co., Ltd. p.64 ×2
unresolved org Departemen Penjualan Publik p.65
unresolved org Sohgo Security Services CO. LTD. p.65 ×4
unresolved org PT AEON Mall Indonesia p.66 ×2
unresolved org PT Teguh Bersama Sejahtera p.66 ×2
unresolved org Japan Travel Bureau Asia PTE. LTD. p.66 ×2
unresolved org PT Japan Travel Bureau Indonesia p.66 ×2
unresolved org PT Saka Dwi Dewata p.66 ×2
unresolved org PT Geria Wijaya Prestige p.66 ×2
unresolved org PT Auto Bahn Mandiri p.66 ×2
unresolved org Project Marketing Div. Ex Corporation Inc. p.66 ×2
unresolved person Motohisa · Komisaris p.68
unresolved person Maya · Komisaris p.68
unresolved person Azusa · Komisaris p.68
unresolved person Supratman · Komisaris p.68
unresolved person Hiroshi · Direktur p.68
unresolved person Akira · Direktur p.68
unresolved person Ryoji · Direktur p.68
unresolved person Djono · Direktur p.68
unresolved person JAPAN · Member p.69
unresolved — Hans T. · Corporate p.69
unresolved org PT Inlife Indonesia Security Services p.70 ×2
unresolved org PT PURAGRAHA DIAN PERTIWI p.70
unresolved org PT NUSANTARA SURYAMUKTI p.71 ×2
unresolved person DR. KISHORE KUMAR p.71
unresolved person BENNY YAUW p.71
unresolved org PT MAGMUS TEKNOLOGI p.71
unresolved org Sohgo Security Services Co., Ltd. p.72 ×2
unresolved org PT Master p.73
unresolved org PT Safe p.73
unresolved org PT SOS p.73
unresolved org PT Human Resource Provider p.74
unresolved org Kantor Akuntan Publik Mirawati Sensi Idris p.75 ×3
unresolved — Duty Period p.76 ×2
unresolved — Penerapan keterbukaan informasi di Perseroan mengacu p.76
unresolved org Financial Services Authority p.76 ×3
unresolved — dipersyaratkan dan senantiasa dimutakhirkan secara p.76
unresolved — ditawarkan. Memiliki desain penyajian p.76
unresolved org bahasa Indonesia, terdapat logo Perusahaan sebagai identitas p.76
unresolved — memiliki sistem navigasi yang simpel sehingga p.76
unresolved — memudahkan pengunjungnya dalam mencari p.76
unresolved — Data dan informasi yang ditampilkan senantiasa diperbaharui p.76
unresolved person Pedoman · Komisaris p.106
unresolved person Organ Pendukung · Komisaris p.111
unresolved person Notary Dr. Sugih Haryati p.116 ×5
unresolved — √ = indicates a relationship p.134

Extraction attempts how the parser did, and what it refused

Nothing structured was extracted from this document — the attempts below say why.

No extraction attempted yet.

Other files in this announcement 1

↑↓ select ↵ open ⇧↵ see every result