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Page 1
2024   Laporan Tahunan
       Annual Report




    Circular Economy
   and Climate Impact
                  PT Teladan Prima Agro Tbk
Page 2
SANGGAHAN DAN BATASAN
TANGGUNG JAWAB
  Disclaimer and Scope of Responsibility



Laporan Tahunan 2024 PT Teladan Prima Agro Tbk        The 2024 Annual Report of PT Teladan Prima Agro Tbk
(yang selanjutnya disebut “TPA” atau “Perseroan”)     (hereinafter referred to as “TPA” or “the Company”)
ini disusun untuk memenuhi ketentuan pelaporan        was prepared to meet the requirements of reporting
hasil kinerja Perseroan pada periode 1 Januari 2024   the Company’s performance results for the period of
sampai dengan 31 Desember 2024 kepada regulator       1 January 2024 to 31 December 2024 to the regulator
dan pemangku kepentingan. Laporan Tahunan ini         and stakeholders. This Annual Report has been
antara lain disusun berdasarkan Peraturan Otoritas    compiled based on Financial Services Authority
Jasa Keuangan No. 29/POJK.04/2016 tentang Laporan     Regulation No. 29/POJK.04/2016 on Annual Reports
Tahunan Emiten atau Perusahaan Publik dengan          of Issuers or Public Companies with content in
muatan konten sesuai Surat Edaran Otoritas Jasa       accordance with Financial Services Authority Circular
Keuangan No. 16/SEOJK.04/2021 tentang Bentuk dan      Letter No. 16/SEOJK.04/2021 concerning the Form
Isi Laporan Tahunan Emiten atau Perusahaan Publik.    and Content of the Issuers or Public Companies
                                                      Annual Reports.


Laporan Tahunan ini memuat pernyataan terkait         This Annual Report contains statements related to
tujuan, kebijakan, rencana, strategi, serta hasil     objectives, policies, plans, strategies, and results of
operasi dan keuangan yang disusun berdasarkan         operations and finance compiled based on factual
data faktual yang dapat dipertanggungjawabkan         data that is justifiable. In addition, this Annual Report
kebenarannya. Selain itu, Laporan Tahunan ini         also presents information related to the Company’s
juga menyajikan informasi terkait proyeksi kerja      work projections for the following year which are
Perseroan di tahun selanjutnya yang disusun           prepared based on prospective statements and
berdasarkan pernyataan-pernyataan prospektif          various assumptions regarding the future condition
dan berbagai asumsi mengenai kondisi mendatang        of the Company, as well as the related business
Perseroan, serta lingkungan bisnis yang terkait, di   environment, where actual developments may
mana perkembangan aktual secara material dapat        differ materially from those reported. Therefore, the
berbeda dari yang dilaporkan. Oleh karena itu,        Company urges stakeholders to use the information
Perseroan mengimbau agar pemangku kepentingan         with discretion in their decision making.
dapat menggunakan informasi tersebut secara bijak
dalam pengambilan keputusan.




2024                Laporan Tahunan
                    Annual Report
Page 3
                                                                                                      Circular Economy and
                                                                                                            Climate Impact

                                                                                                             Dalam upaya mendukung perubahan menuju ekonomi hijau yang
                                                                                                             berkelanjutan, PT Teladan Prima Agro Tbk terus mengembangkan
                                                                                                             prinsip ekonomi sirkular sebagai inti dari operasional. Perseroan
                                         2024   Laporan Tahunan
                                                Annual Report
                                                                                                             kembali melakukan inovasi dengan memperkuat kapasitas
                                                                                                             operasional melalui pengembangan Kernel Crushing Plant (KCP)
                                                                                                             dan Biogas Power Plant (BPP). Telah beroperasinya kedua fasilitas
                                                                                                             ini tidak hanya memaksimalkan efisiensi sumber daya dan hasil
   Circular Economy and Climate Impact




                                                                                                             yang dicapai, tetapi juga berperan aktif dalam pengurangan
                                                                                                             emisi dan pengelolaan limbah secara bertanggung jawab.
                                                                                                             KCP mengoptimalkan pemanfaatan inti sawit menjadi produk
                                                                                                             bernilai tinggi, sementara BPP mengubah limbah cair pabrik kelapa
                                                                                                             sawit (POME) menjadi energi terbarukan, yang mengurangi emisi
                                                                                                             metana dan mengurangi ketergantungan pada energi fosil.


                                                                                                             Inovasi ini menjadi fondasi penting dalam strategi jangka panjang
                                                                                                             Perseroan untuk memperkuat ekonomi sirkular, berkontribusi
                                             Circular Economy
2024 Laporan




                                                                                                             pada pengurangan dampak perubahan iklim, dan menciptakan
                                            and Climate Impact
     Annual Report




                                                                                                             nilai berkelanjutan bagi generasi mendatang. Ini adalah bukti
             Tahunan




                                                                                                             nyata komitmen Perseroan untuk terus mengurangi jejak karbon,
                                                           PT Teladan Prima Agro Tbk




                                                                                                             mendukung ekonomi hijau, dan menciptakan nilai tambah bagi
                                                                                                             semua pemangku kepentingan.



                                                                                       In an effort to support the changes toward a sustainable green economy,
                                                                                       PT Teladan Prima Agro Tbk continues developing the circular economy principle as the
                                                                                       core of its operations. The Company is innovating by strengthen its operational capacity
                                                                                       with the operations of Kernel Crushing Plant (KCP) and Biogas Power Plant (BPP).
                                                                                       The operations of both facilities not only maximizes resources efficiency and outcomes, but
                                                                                       also actively reducing emissions and contribute to the responsible waste management.
                                                                                       KCP optimizes the utilization of palm kernel into high-value products, while BPP converts
                                                                                       palm-oil mill effluent (POME) into renewable energy, thus lowering the methane emission
                                                                                       and dependence on fossil-fueled energy.


                                                                                       These innovations serve as key foundation in Company’s long-term strategy to strengthen
                                                                                       the circular economy, reducing the impact of climate change, and creating sustainable
                                                                                       value for future generations. All demonstrate a tangible commitment of the Company in
                                                                                       reducing its carbon footprint, supporting green economy and creating added value for all
                                                                                       stakeholders.




                                                                                                                                      PT Teladan Prima Agro Tbk             1
Page 4
 Circular Economy and Climate Impact
 Laporan Tahunan 2024 / 2024 Annual Report




KEUNGGULAN KOMPETITIF 2024
 2024 Competitive Advantages


Kapasitas Pabrik Kelapa Sawit
Palm Oil Mill Capacity




                                   335
  Dengan maksimum


                                                                                           77,8%
    kapasitas olah                                            Rata-rata utilisasi
   per tahun sekitar                                           pabrik tahun 2024
    1,6 juta ton TBS                                         Average mill utilization
                                    ton TBS/jam
 With a maximum annual                                               in 2024
                                   tons of FFB/hour
 processing capacity of
      approximately
  1.6 million tons of FFB




               Aktivitas Operasi Usaha
               Business Operation Activity




                                                                                                  2
        Kapasitas                                            Lokasi unit bulking
   storage tank yang
   digunakan sebagai
      penyimpanan
                                43.500                       berada di dermaga
                                                             yang dikelola oleh
                                                                 Perseroan.
      minyak sawit.                      ton
                                                                 The bulking unit              Bulking
                                        tons
    Capacity of storage                                        location is situated
   tanks used as palm oil                                       at the Company-
          storage.                                               managed jetty.




                            Keberlanjutan dalam Ekonomi Sirkular
                            dan Pengurangan Dampak Iklim
                            Sustainability in Circular Economy
                            and Climate Impact Reduction

                            Perseroan menerapkan ekonomi sirkular dengan mengolah limbah palm oil
                            mill effluent (POME) menjadi biogas untuk mengurangi emisi metana dan
                            menggunakan tandan buah kosong sebagai pupuk organik. Langkah ini
                            membantu mengurangi limbah, menekan biaya produksi, serta mendukung
                            SDGs 12 (Produksi Berkelanjutan) dan SDGs 13 (Aksi Iklim).
                            The Company implements a circular economy approach by processing palm oil mill
                            effluent (POME) into biogas to reduce methane emissions and utilizing empty fruit
                            bunches as organic fertilizer. This initiative helps minimize waste, reduce production
                            costs, and supports SDG 12 (Sustainable Production) and SDG 13 (Climate Action).




  2       PT Teladan Prima Agro Tbk
Page 5
                               Continuous Improvement
                                 dengan Pendekatan
                                  Berbasis Sains dan
                                      Teknologi
                                  Continuous Improvement
                                     with Science and
                                Technology-Based Approach




                                TLDN Productivity Technology Science (TPTS)
                                Pemanfaatan TPTS sebagai implementasi precision agriculture dan terus
                                dilanjutkan ke seluruh area kebun inti dan plasma Perseroan.
                                The application of TPTS for precision agriculture has extended to all sections
                                of the Company’s core and plasma plantations.



                                TLDN Green Metrics (TGM)
                                Implementasi TGM sebagai platform ESG telah membantu Perseroan dalam
                                memantau, menganalisa, dan mengelola pemenuhan parameter ESG.
                                The implementation of TGM as an ESG platform has aided the Company in
                                overseeing, analysing, and managing the compliance with ESG criteria.




Inisiatif Pengurangan Emisi dan Efisiensi Sumber Daya
Emission Reduction and Resource Efficiency Initiative


 Memaksimalkan      kinerja  Kernel                         Tandan kosong kelapa sawit atau
 Crushing Plant (KCP) dan Biogas                            jangkos sebagai kompos untuk
 Power Plant (BPP) dengan mengolah                          meningkatkan kesehatan tanah dan
 limbah sawit menjadi sumber energi                         mengurangi kebutuhan akan pupuk
 terbarukan.                                                sintetis.
 Maximizing the performance of the                          Empty palm oil bunches, or EFB, used
 Kernel Crushing Plant (KCP) and Biogas                     as compost to improve soil health
 Power Plant (BPP) by converting palm                       and reduce the need for synthetic
 waste into renewable energy sources.                       fertilizers.




               Meningkatkan produksi Crude Palm
               Kernel Oil (CPKO) dan Palm Kernel                         Melanjutkan     mekanisasi   pupuk
               Expeller (PKE) menjadi sumber daya                        anorganik dan mekanisasi     pupuk
               yang bernilai.                                            organik (janjang kosong).

               Increasing the production of Palm                         Continuing the mechanization of
               Kernel Oil (PKO) and Palm Kernel                          inorganic fertilizers and organic
               Expeller (PKE) into valuable resources.                   fertilizers (empty fruit bunches).




                                                                      PT Teladan Prima Agro Tbk         3
Page 6
  Circular Economy and Climate Impact
  Laporan Tahunan 2024 / 2024 Annual Report




DAFTAR ISI
   Table of Contents

Sanggahan dan                          ii   Keunggulan Kompetitif 2024 /            2    Identitas Perusahaan /                   6
Batasan Tanggung Jawab /                    2024 Competitive Advantages                  Company Identity
Disclaimer and
                                            Daftar Isi / Table of Contents          4    Jejak Langkah / Milestones               8
Scope of Responsibility
Tema / Theme                           1




10              Kilas Kinerja 2024
                2024 Performance Overview


Ikhtisar Operasional /                12    Aksi Korporasi dan Aktivitas            17   Penghargaan dan Sertifikasi /            21
Operational Highlights                      Perdagangan Saham /                          Awards and Certifications
                                            Corporate Actions and Share
Ikhtisar Keuangan /                   13    Trading Activities
                                                                                         Keanggotaan Asosiasi / Membership       25
Financial Highlights                                                                     in Associations
Ikhtisar Saham / Share Highlights     16    Peristiwa Penting / Event Highlights    18




26              Laporan Manajemen
                Management Report

Laporan Dewan Komisaris /             28    Laporan Direksi /                      36
Board of Commissioners’ Report              Board of Directors’ Report




46              Profil Perusahaan
                Company Profile


Riwayat Singkat / Brief History       48    Profil Dewan Komisaris /               58    Struktur Korporasi /                    75
                                            Board of Commissioners Profile               Corporate Structure
Visi, Misi, dan Budaya Perusahaan /   49
Company Vision, Mission, and                Profil Direksi /                       62    Informasi Entitas Anak, Asosiasi,       76
Culture                                     Board of Directors Profile                   dan Ventura / Information on
                                                                                         Subsidiaries, Associates, and Venture
Nilai-Nilai Perusahaan /              50    Informasi Pemegang Saham /              71   Companies
Corporate Values                            Shareholder Information
                                                                                         Akuntan Publik / Public Accountant      78
Bidang Usaha / Line of Business       52    Pemegang Saham Utama                   74
                                            dan Pengendali / Major and                   Lembaga dan Profesi Penunjang           78
Produk dan Jasa /                     53    Controlling Shareholders                     Pasar Modal / Capital Market
Products and Services
                                                                                         Supporting Institutions
                                            Kronologi Pencatatan Saham /           74
Wilayah Usaha dan Operasional /       55    Share Listing Chronology                     and Professions
Operational and Business Area
                                            Kronologi Pencatatan Efek Lainnya /    75
                                                                                         Informasi pada Situs Web                79
Struktur Organisasi /                 56    Other Securities Listing Chronology          Perusahaan / Information on
Organization Structure                                                                   the Company’s Website




80              Analisis dan Pembahasan Manajemen
                Management Discussion and Analysis


Tinjauan Ekonomi dan Industri /       82    Tingkat Kolektibilitas Piutang /       100   Aspek Pemasaran / Marketing Aspect 102
Economic and Industry Review                Accounts Receivable
                                            Collection Rate
                                                                                         Kebijakan dan Pembagian Dividen /       104
Tinjauan Operasional /                84                                                 Dividend Policy and Distribution
Operational Review                          Struktur Permodalan /                  100
                                            Capital Structure
                                                                                         Realisasi Penggunaan Dana Hasil         105
Tinjauan Keuangan /                   93                                                 Penawaran Umum Perdana /
Financial Review                            Ikatan Material Terkait Investasi      101   Realization of the Use of Proceeds
                                            Barang Modal / Material                      from the Initial Public Offering
Kemampuan Membayar Utang /            99    Commitments Related to Capital
Debt Repayment Ability
                                            Goods Investments




    4         PT Teladan Prima Agro Tbk
Page 7
Perbandingan Target dan                106   Informasi dan Fakta Material Terkait 110        Perubahan Peraturan                 113
Realisasi 2024 / Target and                  Investasi, Ekspansi, Divestasi, Akuisisi,       Perundang-Undangan yang
Achievement Comparison in 2024               dan Restrukturisasi Utang/Modal /               Berdampak Signifikan Terhadap
                                             Information and Material Facts                  Perusahaan / Significant Changes in
Prospek Usaha di Tahun 2025 /          107   Related to Investment, Expansion,               Legal Regulations Impacting
Business Prospects in 2025
                                             Divestment, Acquisition, and Debt/              the Company
Proyeksi Usaha di Tahun 2025 /         108   Capital Restructuring
2025 Business Projection
                                                                                             Standar Akuntansi yang Telah              115
                                             Transaksi Material yang                   111   Diterbitkan Namun Berlaku Efektif /
Strategi Usaha 2025 /                  109   Mengandung Benturan Kepentingan                 Accounting Standards Issued
2025 Business Strategy                       atau Transaksi dengan                           but Effective
                                             Pihak Berelasi / Material Transactions
Informasi dan Fakta Material Setelah   110
Tanggal Laporan Akuntan /                    Involving Conflicts of Interest or
Information and Material Facts After         Transactions with Related Parties
the Accountant Report Date




116             Aspek Operasional
                Operational Aspect


Sumber Daya Manusia /                  118   Teknologi Informasi /                    126    Pengembangan Operasional                  128
Human Resources                              Information Technology                          Perkebunan / Plantation
                                                                                             Operations Development




130 Tata Kelola Perusahaan
                Corporate Governance


Komitmen Terhadap Penerapan            132   Komite Manajemen Risiko, GCG, dan        182    Program Kepemilikan Saham oleh            219
Tata Kelola Perusahaan /                     Investasi / Risk Management, GCG,               Manajemen dan/atau Karyawan /
Commitment to Corporate                      and Investment Committee                        Share Ownership Program by
Governance Implementation                                                                    Management and/or Employees
                                             Komite Keberlanjutan Usaha dan      187
Struktur Tata Kelola Perusahaan /      138   Tanggung Jawab Sosial Perusahaan /              Kebijakan Pelaporan Pelanggaran /         221
Corporate Governance Structure               Sustainability and Corporate Social             Violation Reporting Policy
                                             Responsibility Committee
Rapat Umum Pemegang Saham /            140                                                   Kebijakan Anti-Korupsi dan                226
General Meeting of Shareholders              Sekretaris Perusahaan /                  195    Anti Penyuapan / Anti-Corruption
                                             Corporate Secretary                             and Anti-Bribery Policy
Dewan Komisaris /                      147
Board of Commissioners                       Unit Audit Internal /                    200    Kebijakan Benturan Kepentingan /          226
                                             Internal Audit Unit                             Conflict of Interest Policy
Direksi / Board of Directors           154
                                             Sistem Pengendalian Internal /           204    Kebijakan Insider Trading / Insider       228
Transparansi Informasi tentang         162   Internal Control System                         Trading Policy
Dewan Komisaris dan Direksi /
Information Transparency about               Manajemen Risiko /                       205    Praktik Bad Corporate Governance / 229
the Board of Commissioners and               Risk Management                                 Bad Corporate Governance Practic
the Board of Directors                       Perkara Penting dan Sanksi               215    Penerapan Pedoman Tata Kelola             230
Komite Audit / Audit Committee         169   Administratif / Important Cases and             Perusahaan Terbuka /
                                             Administrative Sanctions                        Implementation of Public Company
Komite Nominasi dan Remunerasi /       177                                                   Governance Policy
Nomination and Remuneration                  Etika dan Perilaku /                     215
Committee                                    Ethics and Behavior




236 Tanggung Jawab Sosial dan Lingkungan Perusahaan
                  Corporate Social and Environmental Responsibility


Ikhtisar Kinerja Keberlanjutan /      238    Komitmen Keberlanjutan /                 241
Sustainability Performance Highlights        Sustainability Commitment




Tanggung Jawab Laporan                 243   Laporan Keuangan Konsolidasian PT Teladan Prima Agro Tbk dan                              267
Tahunan / Annual Report                      Entitas Anak Tanggal 31 Desember 2024 / Consolidated Financial
Responsibility                               Statements PT Teladan Prima Agro Tbk and Its Subsidiaries as of
                                             31 December 2024
Referensi Laporan Tahunan     244
SEOJK No. 16/SEOJK.04/2021 /
Annual Report Reference SEOJK
No. 16/SEOJK.04/2021




                                                                                       PT Teladan Prima Agro Tbk                   5
Page 8
Circular Economy and Climate Impact
Laporan Tahunan 2024 / 2024 Annual Report




IDENTITAS PERUSAHAAN
Company Identity



     Nama Perusahaan
     Company Name


     PT Teladan Prima Agro Tbk

     Bidang Usaha
     Line of Business
     Aktivitas perusahaan holding dan aktivitas konsultasi              Activities as a holding company along with other management
     manajemen lainnya, serta perkebunan kelapa sawit dan               consultancy activities, as well as oil palm plantation and
     industri pengolahan kelapa sawit melalui Entitas Anak.             palm oil processing industries through its Subsidiaries.



     Produk dan Jasa
     Products and Services
     Minyak Sawit Mentah (CPO), Inti Sawit (PK), Minyak Inti Sawit      Crude Palm Oil (CPO), Palm Kernel (PK), Crude Palm Kernel
     Mentah (CPKO), Bungkil Sawit (PKE), dan Energi Terbarukan          Oil (CPKO), Palm Kernel Expeller (PKE), and Renewable Energy
     dari Limbah Minyak Sawit.                                          from Palm Oil Waste.



     Jumlah Karyawan
     Total Employees
     11.210 karyawan                                                    11,210 employees
     (per Desember 2024)                                                (as of December 2024)



     Dasar Hukum
     Legal Basis
     •   Perseroan didirikan berdasarkan Akta Notaris No. 22            • The Company was established pursuant to Notarial
         tanggal 10 Mei 2004 yang dibuat di hadapan Notaris               Deed No. 22 dated 10 May 2004 made before Notary
         Nila Noordjasmani Soeyasa Besar, SH, notaris pengganti           Nila Noordjasmani Soeyasa Besar, SH, substitute of
         dari Imas Fatimah, SH, dan telah disahkan oleh                   Notary Imas Fatimah, SH, as authorized by the Decree
         Keputusan Menteri Kehakiman Republik Indonesia melalui           of the Minister of Justice of the Republic of Indonesia
         Surat Keputusan No. C-12966.HT.01.01.TH.2004 tanggal             through Decree No. C-12966.HT.01.01.TH.2004 dated
         24 Mei 2004.                                                     24 May 2004.
     •   Anggaran Dasar Perseroan telah beberapa kali diubah            • The Company’s Articles of Association have been amended
         dan perubahan terakhirnya sebagaimana terdapat dalam             several times and the latest amendment is as contained
         Akta Pernyataan Keputusan Pemegang Saham Perubahan               in the Deed of Shareholders Resolution on Amendment to
         Anggaran Dasar No. 6 tanggal 11 Mei 2022, dibuat di hadapan      the Articles of Association No. 6 dated 11 May 2022, made
         Jose Dima Satria SH, MKn, notaris di Jakarta Selatan,            before Jose Dima Satria SH, MKn, Notary in South Jakarta,
         dan telah memperoleh persetujuan Kementerian Hukum               as approved by the Ministry of Law and Human Rights in
         dan Hak Asasi Manusia sesuai dengan Surat Keputusannya           accordance with Decree No. AHU-AH.01.03-0241623 dated
         No. AHU-AH.01.03-0241623 tanggal 25 Mei 2022.                    25 May 2022.
     •   Susunan pengurus Perseroan terakhir kali diubah                • The composition of the Company’s management was
         sebagaimana      terdapat    dalam      Akta    Pernyataan       last amended as stated in the Deed of Shareholders’
         Keputusan Pemegang Saham Perubahan Anggaran Dasar                Decision on the Amendment of the Articles of Association
         No. 117 tanggal 13 Desember 2024, dibuat di hadapan              No. 117 dated 13 December 2024, made before
         Jose Dima Satria SH, MKn, notaris di Jakarta                     Jose Dima Satria SH, MKn, a notary in South Jakarta.
         Selatan, dan telah memperoleh penerimaan dan                     This amendment has received acknowledgment and
         pemberitahuan      perubahan     data      Perseroan    dari     notification of the Company’s data changes from the
         Kementerian Hukum sesuai dengan Surat Keputusannya               Ministry of Law in accordance with its Decision Letter
         No. AHU-AH.01.090291518 tanggal 20 Desember 2024.                No. AHU-AH.01.090291518 dated 20 December 2024.




 6          PT Teladan Prima Agro Tbk
Page 9
Perubahan Nama                      Dasar Hukum Perubahan Nama
Change of Name                      Legal Basis for Change of Name
Perubahan nama dari PT Sandaran     Akta Pernyataan Keputusan Pemegang Saham Perubahan Anggaran Dasar
Prima Sawit menjadi PT Teladan      No. 135 tanggal 23 Juli 2012 yang dibuat di hadapan Aryanti Artisari, SH, MKn,
Prima    Agro    pada    tanggal    notaris di Jakarta Selatan, dan telah mendapatkan persetujuan Menteri
23 Juli 2012 sehubungan dengan      Hukum dan Hak Asasi Manusia (Menkumham) berdasarkan Surat Keputusan
penggabungan dengan PT Teladan      No. AHU.41280.AH.01.02. Tahun 2012 tanggal 31 Juli 2012 serta telah didaftarkan
Agro Resources (TAR).               dalam Daftar Perseroan pada Kementerian Hukum dan Hak Asasi Manusia di
                                    bawah No. AHU-0069307.AH.01.09.Tahun 2012 tanggal 31 Juli 2012.
Change of name from PT Sandaran     Deed of Shareholders Resolution on Amendment to the Articles of Association
Prima Sawit to PT Teladan Prima     No. 135 dated 23 July 2012 made before Aryanti Artisari, SH, MKn, a notary in
Agro on 23 July 2012 in line with   South Jakarta, as approved by the Minister of Law and Human Rights under
the merger with PT Teladan Agro     Decree No. AHU.41280.AH.01.02.Year 2012 dated 31 July 2012 and registered
Resources (TAR).                    in the Register of Companies at the Ministry of Law and Human Rights under
                                    No. AHU-0069307.AH.01.09.Year 2012 dated 31 July 2012.




Status Perusahaan                   Kode Saham                                  Tanggal Pendirian
Company Status                      Share Code                                  Date of Establishment
Perusahaan Terbuka
                                    TLDN                                        10 Mei 2004
Public Company                                                                  10 May 2004




Pencatatan Saham                    Pemegang Saham                              Media Informasi
Share Listing Date                  Shareholders                                Information Media
12 April 2022
12 April 2022                                                                              Instagram



Modal Dasar
Authorized Capital

Rp4.900.000.000.000,-
                                                                                       @teladanprimaagro


Modal Disetor dan
Ditempatkan
Fully Paid-Up Capital
                                                                                           Situs Web
Rp1.294.653.020.000,-                         Kepemilikan
                                                                                            Website
                                               Ownership

                                       PT Teladan Resources:
                                       59,88%
Kantor Pusat
Head Office                            Ahmad Gunung:

Beltway Office Park Tower B Lt. 7      16,22%
Jl. TB Simatupang No. 41                                                             www.teladanprima.com
                                       Wishnu Wardhana:
Jakarta Selatan
DKI Jakarta 12550                      16,22%
T: (021) 2960 0300
                                       Wiwoho Basuki Tjokronegoro:
F: (021) 2960 0333
                                       0,17%                                                  E-mail
                                                                                              E-mail
                                       Dewan Komisaris dan Direksi /
Kantor Cabang                          Board of Commissioners and
Branch Office                          Board of Directors:
                                       0,004%
Jl. Gajah Mada S-4
Samarinda                              Masyarakat /
Kalimantan Timur 75122                 Public:
T: (0541) 743 426
                                       7,50%                                       corsec@teladanprima.com




                                                                   PT Teladan Prima Agro Tbk                 7
Page 10
Circular Economy and Climate Impact
Laporan Tahunan 2024 / 2024 Annual Report




JEJAK                                                                2013

LANGKAH                                                            • 27 Juni / 27 June
                                                                    PT Telen Prima Sawit memperoleh Sertifikasi ISO 14001:2004. /

Milestones                                                          PT Telen Prima Sawit obtained ISO 14001:2004 Certification.

                                                                   • 8 Juli / 8 July
                                                                    PT Gemilang Sejahtera Abadi memperoleh Sertifikasi
                                                                    ISO 14001:2004. / PT Gemilang Sejahtera Abadi obtained
                                                                    ISO 14001:2004 Certification.
   2004
 • 1 Juni / 1 June
  Pembukaan Kebun Talisayan Estate (TSE), PT Tanjung Buyu            2012
  Perkasa Plantation, Kabupaten Berau, Provinsi Kalimantan
  Timur. / Opening of Talisayan Estate (TSE), PT Tanjung           • 2 Januari / 2 January
  Buyu Perkasa Plantation, Berau Regency, East Kalimantan           Pengoperasian Talisayan-3 Estate (TS3), PT Tanjung Buyu
  Province.                                                         Perkasa Plantation, Kabupaten Berau, Provinsi Kalimantan
 • 1 Desember / 1 December                                          Timur. / Commencement of operation of Talisayan-3 Estate
                                                                    (TS3), PT Tanjung Buyu Perkasa Plantation, Berau Regency,
  Pengoperasian Bukit Permata Estate (BPE), PT Telen,
                                                                    East Kalimantan Province.
  Kabupaten Kutai Timur, Provinsi Kalimantan Timur. /
  Commencement of operation of Bukit Permata Estate (BPE),         • 9 Mei / 9 May
  PT Telen, East Kutai Regency, East Kalimantan Province.           PT Tanjung Buyu Perkasa Plantation memperoleh Sertifikasi
                                                                    ISO 14001:2004. / PT Tanjung Bayu Perkasa Plantation obtained
                                                                    ISO 14001:2004 Certification.
   2005
 • 1 April / 1 April
  Pengoperasian Ampen Medang Estate (AME), PT Inti                   2011
  Energi Kaltim, Kabupaten Berau, Provinsi Kalimantan
  Timur. / Commencement of operation of Ampen Medang               11 Maret / 11 March
  Estate (AME), PT Inti Energi Kaltim, Berau Regency,
                                                                   Akuisisi PT Multi Jayantara Abadi, Kabupaten Paser,
  East Kalimantan Province.
                                                                   memperoleh persetujuan dari Kementerian Hukum dan Hak
 • 1 Juli / 1 July                                                 Asasi Manusia (Kemenkumham). / Acquisition of PT Multi
                                                                   Jayantara Abadi Paser Regency, received approval from the
  Pengoperasian Pengadan Baay Estate (PBE), PT Telen,
                                                                   Ministry of Law and Human Rights.
  Kabupaten Kutai Timur, Provinsi Kalimantan Timur. /
  Commencement of operation of Pengadan Baay Estate
  (PBE), PT Telan, East Kutai Regency, East Kalimantan Province.

 • 1 November / 1 November                                           2010
  Pengoperasian Mata Air Estate (MAE), PT Telen, Kabupaten
  Kutai Timur, Provinsi Kalimantan Timur. / Commencement           • 8 Maret / 8 March
  of operation of Mata Air Estate (MAE), PT Telen, East Kutai       Commissioning Pengadan Baay Mill (PBM), PT Telen,
  Regency, East Kalimantan Province.                                Kabupaten Kutai Timur, Provinsi Kalimantan Timur. /
                                                                    Commissioning of Pengadan Baay Mill (PBM), PT Telen,
                                                                    East Kutai Regency, East Kalimantan Province.
     2006
                                                                   • 1 April / 1 April
 1 April / 1 April                                                  Pengoperasian Layang-layang Estate (LYE), PT Telen,
 Pengoperasian Muara Bengkal Estate (MBE) dan Benua Baru            Kabupaten Kutai Timur, Provinsi Kalimantan Timur. /
 Estate (BBE), PT Telen Prima Sawit, Kabupaten Kutai Timur,         Commencement of operation of Layang-layang Estate (LYE),
 Provinsi Kalimantan Timur. / Commencement of operation             PT Telen, East Kutai Regency, East Kalimantan Province.
 of Muara Bengkal Estate (MBE) and Benua Baru Estate (BBE),
                                                                   • 10 Oktober / 10 October
 PT Telen Prima Sawit, East Kutai Regency, East Kalimantan
 Province.                                                          Commissioning Muara Bengkal Mill (MBM), PT Telen Prima
                                                                    Sawit, Kabupaten Kutai Timur, Provinsi Kalimantan Timur. /
                                                                    Commissioning of Muara Bengkal Mill (MBM), PT Telen Prima
     2007                                                           Sawit, East Kutai Regency, East Kalimantan Province.


 1 Juni / 1 June
 Pengoperasian Sei Karangan Estate (SKE), PT Telen dan
 Long Mesangat Estate (LME), PT Gemilang Sejahtera
                                                                     2009
 Abadi, Kabupaten Kutai Timur, Provinsi Kalimantan Timur. /
 Commencement of operation of Sei Karangan Estate (SKE),           28 Januari / 28 January
 PT Telen and Long Mesangat Estate (LME), PT Gemilang              Commissioning Talisayan Mill (TSM), PT Tanjung Buyu Perkasa
 Sejahtera Abadi, East Kutai Regency, East Kalimantan              Plantation, Kabupaten Berau Provinsi Kalimantan Timur. /
 Province.                                                         Commissioning of Talisayan Mill (TSM), PT Tanjung Buyu
                                                                   Perkasa Plantation, Berau Regency, East Kalimantan Province.




 8        PT Teladan Prima Agro Tbk
Page 11
  2013                                                            2024
• 30 September / 30 September                                   5 November / November
 Penandatanganan Perjanjian Jual Beli Listrik (Power            Peresmian KCP dan BPP di Kecamatan Muara Bengkal,
 Purchase Agreement) untuk Excess Power antara                  Kabupaten Kutai Timur, Provinsi Kalimantan Timur. /
 PT Daya Lestari dan PT Perusahaan Listrik Negara               The inauguration of KCP and BPP in Muara Bengkal District,
 (Persero) di Provinsi Kalimantan Timur. / Signing of Power     East Kutai Regency, East Kalimantan Province.
 Purchase Agreement on Excess Power between PT Daya
 Lestari and PT Perusahaan Listrik Negara (Persero) in
 East Kalimantan Province.

• 24 Oktober / 24 October
 Commissioning Bukit Permata Mill (BPM), PT Telen,                2023
 Kabupaten Kutai Timur, Provinsi Kalimantan Timur. /
 Commissioning of Bukit Permata Mill (BPM), PT Telen,           14 Februari / 14 February
 East Kutai Regency, East Kalimantan Province.
                                                                Pelaksanaan groundbreaking pabrik kernel crushing plant
                                                                (KCP) dan biogas power plant (BPP) di Kecamatan Muara
                                                                Bengkal, Kabupaten Kutai Timur, Provinsi Kalimantan Timur. /
  2014                                                          The groundbreaking of the kernel crushing plant (KCP) and
                                                                biogas power plant (BPP) in Muara Bengkal District, East
1 Juni / 1 June                                                 Kutai Regency, East Kalimantan Province.
Go Live SAP. / Go Live SAP.



  2015                                                            2022
28 Agustus / 28 August                                          • 12 April / 12 April
PT Daya Lestari mendapatkan lisensi pembangkit listrik           Perseroan, melalui kode “TLDN”, melakukan penawaran
biogas dan biomassa dari Direktorat Jenderal Energi Baru         umum perdana saham (initial public offering/IPO) di
Terbarukan dan Konservasi Energi (EBTKE). / PT Daya Lestari      Bursa Efek Indonesia. / The Company, under the code
obtained license to develop biogas and biomass power             “TLDN”, conducted an initial public offering (IPO) on the
plant from Directorate General of Renewable Energy and           Indonesia Stock Exchange.
Energy Conservation (EBTKE).
                                                                • 18 Agustus / 18 August
                                                                 Penandatanganan Memorandum of Understanding
                                                                 (MOU) antara Perseroan dengan Posco International
  2016                                                           Corporation. / Signing of Memorandum of Understanding
                                                                 (MOU) between the Company and Posco International
13 Oktober / 13 October                                          Corporation.
Akuisisi PT Cahaya Anugerah Plantation, Kabupaten
Kutai   Kartanegara,    memperoleh     persetujuan  dari        • 26 Desember / 26 December
Kemenkumham. / Acquisition of PT Cahaya Anugerah                 Entitas Anak Perseroan, yaitu PT Inti Energi Kaltim, PT Telen,
Plantation, Kutai Kartanegara Regency, obtained approval         PT Sawit Prima Nusantara, PT Gemilang Sejahtera Abadi,
from Ministry ofLaw and Human Rights.                            dan PT Cahaya Anugerah Plantation, telah memperoleh
                                                                 Sertifikasi ISPO. / The Company’s subsidiaries, namely
                                                                 PT Inti Energi Kaltim, PT Telen, PT Sawit Prima Nusantara,
  2017                                                           PT Gemilang Sejahtera Abadi, and PT Cahaya Anugerah
                                                                 Plantation, have obtained ISPO Certification.
• 22 Maret / 22 March
 Commissioning Tanjung Harapan Mill (THM), PT Multi
 Jayantara Abadi, Kabupaten Paser, Provinsi Kalimantan
 Timur. / Commissioning of Tanjung Harapan Mill (THM),
                                                                  2021
 PT Multi Jayantara Abadi, Paser Regency, East Kalimantan
 Province.
                                                                1 Desember / 1 December
                                                                PT Multi Jayantara Abadi memperoleh sertifikasi ISPO. /
• 4 April / 4 April                                             PT Multi Jayantara Abadi obtained ISPO certification.
 PT Tanjung Buyu Perkasa Plantation memperoleh
 sertifikasi Indonesian Sustainable Palm Oil System (ISPO). /
 PT Tanjung Buyu Perkasa Plantation obtained Indonesian
 Sustainable Palm Oil System (ISPO) certification.                2020
                                                                • Januari / January
  2019                                                           Program Transformasi TPA Juara. / Transformasi TPA
                                                                 Juara Program.
22 Maret / 22 March
                                                                • 31 Desember / 31 December
PT Telen Prima Sawit memperoleh sertifikasi ISPO. /
PT Telen Prima Sawit obtained ISPO certification.                PT Tanjung Buyu Perkasa Plantation dan PT Telen Prima
                                                                 Sawit mempertahankan sertifikasi ISPO. / PT Tanjung Buyu
                                                                 Perkasa Plantation and PT Telen Prima Sawit retained their
                                                                 ISPO certifications.




                                                                           PT Teladan Prima Agro Tbk                    9
Page 12
Circular Economy and Climate Impact
Laporan Tahunan 2024 / 2024 Annual Report




KILAS KINERJA
2024
      2024 Performance
      Overview




 10      PT Teladan Prima Agro Tbk
Page 13
PT Teladan Prima Agro Tbk   11
Page 14
  Circular Economy and Climate Impact
  Laporan Tahunan 2024 / 2024 Annual Report




IKHTISAR OPERASIONAL
   Operational Highlights


                   Uraian                           2024           2023           2022                       Description

 Perkebunan Kelapa Sawit (ton)                                                                              Palm Oil Plantation (ton)

 Produksi Tandan Buah Segar (TBS)                1.219.294       1.213.068       1.201.230           Fresh Fruit Bunch (FFB) Production

 Inti                                             1.071.173      1.068.338      1.059.207                                         Nucleus

 Plasma                                             148.121        144.730        142.023                                          Plasma

 Profil Usia Tanaman Inti (ha)                                                                        Nucleus Plant Age Profile (ha)

 <4 Tahun                                              245             510            427                                        <4 Years

 4-7 Tahun                                              881            631            686                                       4-7 Years

 8-20 Tahun                                         47.416         47.383          47.495                                      8-20 Years

 Total                                             48.542          48.524         48.608                                             Total

 Rata-Rata Usia (Tahun)                                15,5            14,5           13,6                          Average Age (Years)

 Profil Usia Tanaman Plasma (ha)                                                                       Plasma Plant Age Profile (ha)

 <4 Tahun                                                15             50             68                                        <4 Years

 4-7 Tahun                                             209             816           1.602                                      4-7 Years

 8-20 Tahun                                          11.749          11.107        10.283                                      8-20 Years

 Total                                               11.973         11.973         11.953                                            Total

 Rata-Rata Usia (Tahun)                                13,5            12,5            11,5                         Average Age (Years)

 Pengolahan Kelapa Sawit (ton)                                                                              Palm Oil Processing (ton)

 Tandan Buah Segar (TBS) yang Diolah              1.381.677      1.409.552      1.343.526            Processed Fresh Fruit Bunch (FFB)

 Produksi Minyak Kelapa Sawit                     324.857         327.688        300.504                     Crude Palm Oil Production

 Produksi Inti Kelapa Sawit                         50.787         52.207         49.903                         Palm Kernel Production

 Produksi Minyak Inti Kelapa Sawit                   5.262              -*              -*                   Palm Kernel Oil Production

 Produksi Bungkil Kelapa Sawit                       6.862              -*              -*              Palm Kernel Expeller Production

 Tingkat Ekstraksi Minyak
                                                       23,5           23,2            22,4           Crude Palm Oil Extraction Rate (%)
 Kelapa Sawit (%)

 Tingkat Ekstraksi Inti Sawit (%)                       3,7             3,7            3,7              Palm Kernel Extraction Rate (%)

 Volume Penjualan Minyak Kelapa Sawit              314.457        343.748        292.545                  Crude Palm Oil Sales Volume

 Volume Penjualan Inti Kelapa Sawit                 40.102          55.172         47.752                     Palm Kernel Sales Volume

 Energi Terbarukan (kWh)                                                                                    Renewable Energy (kWh)

 Penjualan Tenaga Listrik Lebih                    149.413         177.594        167.342                             Excess Power Sales

* Perseroan baru memproduksi dan menjual produk CPKO dan PKE sejak tahun 2024 seiring dengan mulai beroperasinya KCP. / The Company
  began producing and selling CPKO and PKE products in 2024, in line with the commencement of operations at the Kernel Crushing Plant (KCP).




    12        PT Teladan Prima Agro Tbk
Page 15
                                                                             Kilas Kinerja 2024 / 2024 Performance Overview




IKHTISAR KEUANGAN
  Financial Highlights

                                            (dalam jutaan Rupiah, kecuali dinyatakan lain / in million Rupiah, unless stated otherwise)


                   Uraian                  2024            2023            2022                        Description

Laporan Posisi Keuangan                                                                              Consolidated Statement of
Konsolidasian                                                                                                Financial Position

Aset Lancar                                1.766.580       1.613.999       1.756.867                                Current Assets

Aset Tidak Lancar                         3.897.865       3.809.800       3.467.685                           Non-Current Assets

Total Aset                                5.664.445       5.423.799      5.224.552                                     Total Assets

Liabilitas Jangka Pendek                   1.572.692      1.689.684        1.521.099                             Current Liabilities

Liabilitas Jangka Panjang                   946.936        1.275.838      1.523.446                        Non-Current Liabilities

Total Liabilitas                           2.519.627      2.965.522      3.044.544                                 Total Liabilities

Ekuitas                                    3.144.818      2.458.277       2.180.007                                           Equity

Total Liabilitas dan Ekuitas              5.664.445       5.423.799      5.224.552                    Total Liabilities and Equity

Laporan Laba Rugi dan Penghasilan                                                        Consolidated Income Statement and
Komprehensif Lain Konsolidasian                                                                Other Comprehensive Income

Pendapatan                                 4.211.482      4.007.082        3.613.177                                       Revenue

Beban Pokok Penjualan                    (2.755.325)    (2.936.769)     (2.366.654)                            Cost of Goods Sold

Laba Bruto                                 1.456.156       1.070.313      1.246.522                                    Gross Profit

Laba (Rugi) Atas Perubahan Nilai Wajar                                                      Gain (Loss) Arising from Changes in
                                             86.258            1.389       (63.752)
Aset Biologis                                                                                     Fair Value of Biological Assets

Beban Penjualan dan Distribusi             (173.790)      (203.652)       (156.989)            Selling and Distribution Expenses

Beban Umum dan Administrasi               (258.644)       (206.434)        (181.003)      General and Administration Expenses

Penghasilan Operasi Lain                      33.191         72.648          23.564                      Other Operating Income

Beban Operasi Lain                         (33.022)        (24.238)        (32.685)                    Other Operating Expenses

Laba Usaha                                  1.110.149       710.026        835.657                             Operating Income

Penghasilan Keuangan                          20.001          22.169          14.886                               Finance Income

Pajak Final atas Penghasilan Keuangan       (3.998)         (3.504)          (1.827)                Final Tax on Finance Income

Beban Keuangan                              (67.775)      (107.542)       (142.876)                                  Finance Costs

Laba Sebelum Pajak Penghasilan             1.058.376         621.149        705.841                     Profit Before Income Tax

Beban Pajak Penghasilan                   (232.782)       (169.355)        (131.862)                          Income Tax Expense

Laba Tahun Berjalan                         825.594         451.794         573.979                             Profit for the Year

Total Penghasilan Komprehensif                                                                    Total Comprehensive Income
                                            844.902        453.026         586.266
Tahun Berjalan                                                                                                   for the Year

Laba Tahun Berjalan yang dapat
                                                                                              Profit for the Year Attributable to:
Diatribusikan kepada:

  Pemilik Entitas Induk                     825.587         451.790         573.974                       Owners of the Parent

  Kepentingan Non-Pengendali                        7              4               5                  Non-Controlling Interest




                                                                                  PT Teladan Prima Agro Tbk                    13
Page 16
 Circular Economy and Climate Impact
 Laporan Tahunan 2024 / 2024 Annual Report




                   Uraian                2024            2023          2022                      Description

Total Penghasilan Komprehensif
                                                                                             Total Comprehensive Income
Tahun Berjalan yang Dapat
                                                                                               for the Year Attributable to:
Diatribusikan kepada:

  Pemilik Entitas Induk                  844.895         453.022        586.261                     Owners of the Parent

  Kepentingan Non-Pengendali                       7              4             5                Non-Controlling Interest

Laba per Saham Dasar (Angka Penuh)             63,77       34,90          44,83      Basic Earnings per Share (Full Amount)

Laporan Arus Kas Konsolidasian                                                          Consolidated Cash Flow Statement

Arus Kas Bersih yang Diperoleh dari                                                                    Net Cash Flows from
                                         1.140.257       1.313.646      799.500
Aktivitas Operasi                                                                                       Operating Activities

Arus Kas Bersih yang Digunakan untuk                                                                 Net Cash Flow Used in
                                         (415.471)      (410.091)      (124.281)
Aktivitas Investasi                                                                                     Investing Activities

Arus Kas Bersih yang Digunakan untuk                                                                 Net Cash Flow Used in
                                        (821.536)       (907.798)      (328.531)
Aktivitas Pendanaan                                                                                    Financing Activities

Penurunan Bersih                                                                                          Net Decrease in
                                         (96.750)         (4.243)      346.688
Kas dan Setara Kas                                                                              Cash and Cash Equivalents

Dampak Neto Perubahan Nilai Tukar                                                    Net Impact of Exchange Rates Changes
                                                 42          (16)               -
atas Kas dan Setara Kas                                                                      on Cash and Cash Equivalents

                                                                                              Cash and Cash Equivalents at
Saldo Kas dan Setara Kas Awal Tahun          583.295     587.555        240.866
                                                                                                         Beginning of Year

                                                                                             Cash and Cash Equivalents at
Saldo Kas dan Setara Kas Akhir Tahun     486.588         583.295       587.555
                                                                                                              End of Year

Rasio Keuangan                                                                                              Financial Ratios

Likuiditas (x)                                                                                                  Liquidity (x)

Rasio Lancar                                      1,1           1,0            1,2                             Current Ratio

Rasio Kas                                        0,3            0,3           0,4                                 Cash Ratio

Solvabilitas (x)                                                                                               Solvency (x)

Rasio Liabilitas Terhadap Aset                   0,4            0,5           0,7                     Liability to Asset Ratio

Rasio Liabilitas Terhadap Ekuitas                0,8            1,2           1,4                    Liability to Equity Ratio

Total Aset/Total Liabilitas                      2,2            1,8            1,7              Total Assets/Total Liabilities

Profitabilitas (%)                                                                                          Profitability (%)

Margin Laba Kotor                               34,6         26,7          34,5                          Gross Profit Margin

Margin Laba Usaha                               26,4          17,7          23,1                    Operating Profit Margin

Margin Laba Bersih                              19,6            11,3        15,9                           Net Profit Margin

Imbal Hasil Atas Ekuitas                        26,3          18,4         26,3                             Return on Equity

Imbal Hasil Atas Aset                           14,6            8,3           11,0                         Return on Assets

Aktivitas (x)                                                                                                    Activity (x)

Perputaran Piutang                              93,6        100,7          105,2                      Receivables Turnover

Perputaran Utang                                 7,7            8,2           9,0                        Payables Turnover

Perputaran Persediaan                            6,7            7,6           5,8                        Inventory Turnover




  14        PT Teladan Prima Agro Tbk
Page 17
                                                Kilas Kinerja 2024 / 2024 Performance Overview




          PENDAPATAN                                      TOTAL ASET
                Revenue                                    Total Assets


(dalam miliaran Rupiah / in billion Rupiah)   (dalam miliaran Rupiah / in billion Rupiah)




                                                                                    5.664
                                      4.211


                          4.007

                                                                        5.424




               3.613                                         5.225




               2022        2023       2024                   2022        2023       2024




        TOTAL LIABILITAS                                     EKUITAS
            Total Liabilities                                  Equity


(dalam miliaran Rupiah / in billion Rupiah)   (dalam miliaran Rupiah / in billion Rupiah)




                                                                                    3.145
               3.045
                          2.966

                                      2.520                             2.458
                                                             2.180




               2022        2023       2024                   2022        2023       2024




                                                    PT Teladan Prima Agro Tbk               15
Page 18
  Circular Economy and Climate Impact
  Laporan Tahunan 2024 / 2024 Annual Report




IKHTISAR SAHAM
  Share Highlights


Saham Perseroan tercatat di Bursa Efek Indonesia                      The Company’s shares were listed on the Indonesia
sejak 12 April 2022. Adapun informasi terkait ikhtisar                Stock Exchange on 12 April 2022. Information regarding
saham Perseroan dalam 2 tahun terakhir, diuraikan                     the summary of the Company’s shares over the past
dalam tabel berikut.                                                  2 years is presented in the following table.


                                                            Volume Perdagangan    Total Saham
              Harga               Harga           Harga                                                     Kapitalisasi
                                                                 (Rata-Rata       yang Beredar
            Tertinggi            Terendah       Penutupan                                                     Pasar
 Periode                                                       Harian Saham)    (Lembar Saham)
 Period      Highest              Lowest         Closing                                                      Market
                                                               Trading Volume         Total
              Price                Price          Price                                                    Capitalization
                                                               (Daily Average  Outstanding Shares
               (Rp)                (Rp)            (Rp)                                                        (Rp)
                                                                   Shares)          (Shares)

                                                               2024

   Q1            466                   436          456            63.683              12.946.530.200      5.903.617.771.200

   Q2            460                   402          438           55.308               12.946.530.200     5.670.580.227.600

   Q3            500                   422          474           134.195              12.946.530.200      6.136.655.314.800

   Q4            640                   474          545          544.569               12.946.530.200     7.055.858.959.000

                                                               2023

   Q1            585                   496          510           100.827               12.946.530.200     6.602.730.402.000

   Q2            510                   430          460               82.287            12.946.530.200     5.955.403.892.000

   Q3            470                   430          462            60.934               12.946.530.200     5.981.296.952.400

   Q4            462                   376          450               47.279            12.946.530.200     5.825.938.590.000


    Volume Perdagangan (Lembar Saham)                                                           Harga Penutupan (Rp)
    Trading Volume (Shares)                                                                         Closing Price (Rp)
    8.000.000                                                                                                        700


    7.000.000                                                                                                        600

    6.000.000
                                                                                                                     500

    5.000.000
                                                                                                                     400
    4.000.000
                                                                                                                     300
    3.000.000

                                                                                                                     200
    2.000.000

                                                                                                                     100
     1.000.000


            -                                                                                                        -
                       n     b     r     r  y   n Jul ug ep ct ov es an eb ar pr ay un Jul ug ep ct ov es
                  Ja       Fe    Ma    Ap Ma Ju      A   S O N   D   J  F M   A M   J     A   S O N   D

                                             2023                                        2024
                       Volume Perdagangan (Rata-rata Harian Saham)                           Harga Pennutupan (Rp)
                       Trading Volume (Daily Average Shares)                                 Closing Price (Rp)




   16      PT Teladan Prima Agro Tbk
Page 19
                                                                 Kilas Kinerja 2024 / 2024 Performance Overview




AKSI KORPORASI DAN AKTIVITAS
PERDAGANGAN SAHAM
  Corporate Actions and Share Trading Activities

Selama tahun 2024, Perseroan tidak melakukan            Throughout 2024, the Company did not carry out
aksi  korporasi,   seperti   pemecahan        saham,    any corporate actions, such as stock splits, reverse
penggabungan saham, dividen saham, saham                stock splits, stock dividends, bonus shares, changes
bonus, perubahan nilai nominal saham, dan               in nominal stock value, or the issuance of convertible
penerbitan efek konversi. Selain itu, Perseroan tidak   securities. Additionally, the Company did not
menerima sanksi maupun teguran terkait aktivitas        receive any sanctions or warnings related to stock
perdagangan saham, baik berupa penghentian              trading activities, such as temporary suspensions or
sementara maupun penghapusan pencatatan                 delistings.
saham.




                                                                     PT Teladan Prima Agro Tbk             17
Page 20
Circular Economy and Climate Impact
Laporan Tahunan 2024 / 2024 Annual Report




PERISTIWA PENTING
Event Highlights



                                            2            April 2024
                                                         April 2024


                                            PT Telen Prima Sawit berhasil mempertahankan Sertifikasi ISPO
                                            dengan memperoleh perpanjangan sertifikasi hingga tahun 2029.
                                            PT Telen Prima Sawit successfully maintained its ISPO Certification,
                                            receiving an extension valid until 2029.




                                            25           April 2024
                                                         April 2024


                                            Pelaksanaan Rapat Umum Pemegang Saham Tahunan untuk
                                            tahun buku 2023.
                                            Holding of the Annual General Meeting of Shareholders for the
                                            2023 fiscal year.




                                            24           Mei 2024
                                                         May 2024


                                            Penyelenggaraan TPA Conference 2024 di Balikpapan, Kalimantan
                                            Timur dengan tema “Teladan Tangguh”.
                                            Conducting 2024 TPA Conference in Balikpapan, East Kalimantan,
                                            with the theme “Teladan Tangguh”.




                                            24           Mei 2024
                                                         May 2024


                                            Penyelenggaraan Teladan Awarding Night 2024.
                                            Conducting the 2024 Teladan Awarding Night.




 18      PT Teladan Prima Agro Tbk
Page 21
                     Kilas Kinerja 2024 / 2024 Performance Overview




12          Juni 2024
            June 2024


Seremonial pemberian sertifikat Program Penilaian Peringkat
Kinerja Perusahaan dalam Pengelolaan Lingkungan Hidup
(PROPER) Provinsi Kalimantan Timur periode 2023-2024 dengan
predikat peringkat hijau untuk seluruh pabrik pengolahan kelapa
sawit.
The ceremonial awarding of certificates for the Corporate
Performance Rating Program in Environmental Management
(PROPER) for East Kalimantan Province for the 2023-2024 period,
with a green rating for all palm oil processing plants.




9           Agustus 2024
            August 2024


Seremonial pemberian Penghargaan Kecelakaan Nihil kepada
beberapa Entitas Anak Perseroan dari Pemerintah Provinsi
Kalimantan Timur.
The ceremonial presentation of the Zero Accident Award to several
subsidiaries of the Company by the East Kalimantan Provincial
Government.




13          Agustus 2024
            August 2024


Penyelenggaraan Workshop dengan            tema     “Innovation       &
Continuous Improvement Awareness”.
Conducting a workshop themed “Innovation & Continuous
Improvement Awareness”.




14          Agustus 2024
            August 2024


Pemberian Penghargaan Katadata ESG Index Awards 2024 untuk
sektor perkebunan dalam acara Sustainability Action for the
Future Economy (SAFE).
The presentation of the Katadata ESG Index Awards 2024 for the
plantation sector during the Sustainability Action for the Future
Economy (SAFE) event.




                          PT Teladan Prima Agro Tbk            19
Page 22
Circular Economy and Climate Impact
Laporan Tahunan 2024 / 2024 Annual Report




                                            23           Agustus 2024
                                                         August 2024


                                            Penyelenggaraan kegiatan donor darah di kantor pusat Perseroan,
                                            Beltway Office Park (BOP), Jakarta dalam rangka memperingati
                                            Hari Ulang Tahun (HUT) Republik Indonesia ke-79 tahun.
                                            Conducting a blood donation event at the Company’s
                                            headquarters, Beltway Office Park (BOP), Jakarta, to commemorate
                                            the 79th Anniversary of the Republic of Indonesia.




                                            5            November 2024
                                                         November 2024


                                            Peresmian Kernel Crushing Plant dan Biogas Power Plant di Kecamatan
                                            Muara Bengkal, Kabupaten Kutai Timur, Provinsi Kalimantan Timur.
                                            The inauguration of the Kernel Crushing Plant and Biogas Power
                                            Plant in Muara Bengkal District, East Kutai Regency, East Kalimantan
                                            Province.




                                            19           November 2024
                                                         November 2024


                                            Penyerahan Beasiswa Pendidikan TPA 2024 di Samarinda.
                                            2024 TPA Educational Scholarship Presentation in Samarinda.




                                            29           November 2024
                                                         November 2024


                                            Penyelenggaraan Seminar Anti-Korupsi secara daring dalam acara
                                            Teladan Talks, yang diikuti oleh karyawan Perseroan, dengan tema
                                            “Stop Korupsi: Penerapan Anti-Korupsi, Anti-Penyuapan dan Praktek
                                            Perilaku Usaha Beretika”.
                                            Organized Online Anti-Corruption Seminar during the Teladan Talks
                                            event, participated by the Company’s employees, with the theme
                                            “Stop Korupsi: Penerapan Anti Korupsi, Anti Penyuapan dan Praktek
                                            Perilaku Usaha Beretika”.




20       PT Teladan Prima Agro Tbk
Page 23
                                                                            Kilas Kinerja 2024 / 2024 Performance Overview




PENGHARGAAN DAN SERTIFIKASI
 Awards and Certifications

PENGHARGAAN
AWARDS

   Sekolah Adiwiyata Tingkat Provinsi Kalimantan Timur Tahun 2024 untuk
         Sekolah Dasar Islam Terpadu (SDIT) Cahaya Ibadurahhman
   Muara Kaman Kecamatan Muara Kaman, Kabupaten Kutai Kertanegara
      2024 Adiwiyata School Award at East Kalimantan Province Level for
     Integrated Islamic Elementary School (SDIT) Cahaya Ibadurahhman
      Muara Kaman, Muara Kaman District, Kutai Kertanegara Regency
 Tanggal Perolehan / Award Date : Juni / June 2024
 Penyelenggara / Organizer      : Gubernur Kalimantan Timur /
                                  Governor of East Kalimantan
 Klasifikasi / Classification   :-
 Penerima / Recipient           : PT Cahaya Anugerah Plantation


     1




         Program Penilaian Peringkat Kinerja Perusahaan dalam Pengelolaan Lingkungan Hidup (PROPER)
                                                Tahun 2023-2024
                Public Disclosure Program for Environmental Compliance (PROPER) for 2023-2024
 Tanggal Perolehan / Award Date : 12 Juni / June 2024
 Penyelenggara / Organizer      : Gubernur Kalimantan Timur /
                                  Governor of East Kalimantan
 Klasifikasi / Classification   : Hijau / Green
 Penerima / Recipient           : PT Tanjung Buyu Perkasa Plantation (Talisayan Mill)
                                  PT Telen (Bukit Permata Mill & Pengadan Baay Mill)
                                  PT Telen Prima Sawit (Muara Bengkal Mill)
                                  PT Multi Jayantara Abadi (Tanjung Harapan Mill)
                                  PT Cahaya Anugerah Plantation (Feliza Mill)




     2




          Predikat Kinerja Organisasi dengan Predikat Istimewa untuk SDS Teladan Prima 01 untuk
                                        Periode Juli-Desember 2024
 Special Recognition of Organizational Performance for SDS Teladan Prima 01 for July-December Period 2024
 Tanggal Perolehan / Award Date : Juli / July 2024
 Penyelenggara / Organizer      : Kementerian Pendidikan dan Kebudayaan /
                                  Ministry of Education and Culture
 Klasifikasi / Classification   : Istimewa / Outstanding
 Penerima / Recipient           : PT Tanjung Buyu Perkasa Plantation




     3




                                                                                PT Teladan Prima Agro Tbk             21
Page 24
Circular Economy and Climate Impact
Laporan Tahunan 2024 / 2024 Annual Report




                                      Penghargaan Kecelakaan Nihil Tahun 2024
                                           Zero Accident Award for 2024
Tanggal Perolehan / Award Date    : 9 Agustus / August 2024
Penyelenggara / Organizer         : Pemerintah Provinsi Kalimantan Timur / Government of East Kalimantan
Klasifikasi / Classification      :-
Penerima / Recipient              : PT Cahaya Anugerah Plantation (Feliza Mill)
                                    PT Multi Jayantara Abadi (Tanjung Harapan Mill)
                                    PT Tanjung Buyu Perkasa Plantation (Talisayan Mill)
                                    PT Telen Prima Sawit (Muara Bengkal Mill)
                                    PT Telen (Pengadan Baay Mill dan / and
                                    Bukit Permata Mill)




     4




                                           Katadata ESG Index Awards 2024

Tanggal Perolehan / Award Date    : 14 Agustus / August 2024
Penyelenggara / Organizer         : Katadata
Klasifikasi / Classification      : Sektor Perkebunan / Plantation Sector
Penerima / Recipient              : PT Teladan Prima Agro Tbk




     5




             Responden Perusahaan Terbaik Atas Partisipasi dalam Kegiatan Sensus/Survei yang
                      Diselenggarakan oleh Badan Pusat Statistik (BPS) Kota Samarinda
                 Best Corporate Respondent for Participation in Census/ Survey organized by
                              Central Statistics Office (BPS) of Samarinda City
Tanggal Perolehan / Award Date : 26 September 2024
Penyelenggara / Organizer      : Badan Pusat Statistik Provinsi Kalimantan Timur /
                                 Central Statistics Office of East Kalimantan Province
Klasifikasi / Classification   :-
Penerima / Recipient           : PT Telen




     6




22        PT Teladan Prima Agro Tbk
Page 25
                                                                         Kilas Kinerja 2024 / 2024 Performance Overview




                Wajib Pajak Barang dan Jasa Tertentu Atas Tenaga Listrik Terbaik Tahun 2024
                  2024 Best Taxpayer for Certain Goods and Services Related to Electricity
Tanggal Perolehan / Award Date   : 2 Desember / December 2024
Penyelenggara / Organizer        : Pemerintah Kabupaten Berau / Berau Regional Government
Klasifikasi / Classification     :-
Penerima / Recipient             : PT Tanjung Buyu Perkasa Plantation




    7




                    Lomba Pelaporan PBS Peringatan Hari Perkebunan Ke-67 Tahun 2024
                    PBS Reporting Competition to commemorate 67th Plantation Day 2024
Tanggal Perolehan / Award Date   : 10 Desember / December 2024
Penyelenggara / Organizer        : Dinas Perkebunan Kabupaten Berau / Berau Regency Plantation Service
Klasifikasi / Classification     : Juara 3 / 3rd Winner
Penerima / Recipient             : PT Tanjung Buyu Perkasa Plantation




    8




                             Tertib Administrasi Pelaporan Kepesertaan 2024
                          Administrative Compliance in Membership Reporting 2024
Tanggal Perolehan / Award Date   : 24 Desember / December 2024
Penyelenggara / Organizer        : Ketenagakerjaan Cabang Samarinda / Manpower Office Samarinda Branch
Klasifikasi / Classification     : Terbaik ke-3 / 3rd Best
Penerima / Recipient             : PT Telen Prima Sawit




    9




                                                                              PT Teladan Prima Agro Tbk           23
Page 26
 Circular Economy and Climate Impact
 Laporan Tahunan 2024 / 2024 Annual Report




SERTIFIKASI
CERTIFICATIONS



                1                            2                              3                          4




                5                            6                              7                          8




   Nama              Lembaga
 Sertifikasi         Sertifikasi    Tanggal Sertifikasi    Masa Berlaku                        Penerima
Certification       Certification   Certification Date     Validity Period                     Recipient
   Name                Body

                                        2 April 2024        21 Maret 2029
                                                                                1   PT Telen Prima Sawit
                                        2 April 2024        21 March 2029

                                     1 Desember 2021      30 November 2026
                                                                                2   PT Multi Jayantara Abadi
                                     1 December 2021      30 November 2026

                                        4 April 2022         3 April 2027
                                                                                3   PT Tanjung Buyu Perkasa Plantation
                                        4 April 2022         3 April 2027

                                     21 November 2022     20 November 2027
 Indonesian                                                                     4   PT Telen
                                     21 November 2022     20 November 2027
 Sustainable    PT TUV Rheinland
 Palm (ISPO)                         12 Desember 2022     11 Desember 2027
                                                                                5   PT Cahaya Anugerah Plantation
                                     12 December 2022     11 December 2027

                                     16 Desember 2022     15 Desember 2027
                                                                                6   PT Sawit Prima Nusantara
                                     16 December 2022     15 December 2027

                                     19 Desember 2022     18 Desember 2027
                                                                                7   PT Inti Energi Kaltim
                                     19 December 2022     18 December 2027

                                    22 Desember 2022      22 Desember 2027
                                                                                8   PT Gemilang Sejahtera Abadi
                                    22 December 2022      22 December 2027




 24       PT Teladan Prima Agro Tbk
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                                                Kilas Kinerja 2024 / 2024 Performance Overview




KEANGGOTAAN ASOSIASI
Membership in Associations



               Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)
               Indonesian Palm Oil Association (GAPKI)
               Skala Asosiasi / Association Scale:
               Nasional / National

               Entitas Anak / Subsidiary             No. Keanggotaan / Membership No.
                                                     No. Anggota: 09-21/GAPKI/I/2024
               PT Tanjung Buyu Perkasa Plantation
                                                     Member No.: 09-21/GAPKI/I/2024
                                                     No. Anggota: 09-90/GAPKI/I/2024
               PT Telen
                                                     Member No.: 09-90/GAPKI/I/2024
                                                     No. Anggota: 09-22/GAPKI/I/2024
               PT Telen Prima Sawit
                                                     Member No.: 09-22/GAPKI/I/2024
                                                     No. Anggota: 09-42/GAPKI/I/2024
               PT Cahaya Anugerah Plantation
                                                     Member No.: 09-42/GAPKI/I/2024




                          Indonesia Corporate Secretary Association (ICSA)
                          Skala Asosiasi / Association Scale:
                          Nasional / National




                          Indonesia Corporate Counsel Association (ICCA)
                          Skala Asosiasi / Association Scale:
                          Nasional / National




                                                    PT Teladan Prima Agro Tbk            25
Page 28
Circular Economy and Climate Impact
Laporan Tahunan 2024 / 2024 Annual Report




LAPORAN
MANAJEMEN
     Management
     Report




26       PT Teladan Prima Agro Tbk
Page 29
PT Teladan Prima Agro Tbk   27
Page 30
 Circular Economy and Climate Impact
 Laporan Tahunan 2024 / 2024 Annual Report




LAPORAN DEWAN KOMISARIS
  Board of Commissioners’ Report




Indracahya
Basuki
Komisaris Utama /
President Commissioner




“ Dewan Komisaris berpandangan bahwa Direksi telah berhasil mengintegrasikan strategi ekonomi
  sirkular dan mitigasi dampak perubahan iklim, memberikan nilai tambah signifikan pada produk dan
  efektivitas dalam pengurangan jejak karbon. Adaptasi yang tangguh ini memastikan Perseroan dapat
  menghadapi tantangan eksternal yang berubah-ubah, sehingga memungkinkan pencapaian kinerja
  operasional dan finansial yang solid. Kami yakin bahwa langkah strategis ini akan terus meningkatkan
  daya saing Perseroan .”
“ The Board of Commissioners considers the Board of Directors has successfully integrating the circular
  economy strategies and climate change impact mitigation, providing significant added value to the
  products and effectiveness in carbon footprint reduction. This resilient adaptation ensures the Company
  is able to face ever-changing external challenges, allowing solid operational and financial performances.
  We believe these strategic measures will continue to improve the Company’s competitiveness.”




  28      PT Teladan Prima Agro Tbk
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                                                                 Laporan Manajemen / Management Report




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



Pertama-tama, kami mengucapkan syukur kepada         First of all, we would like to express our gratitude to
Tuhan Yang Maha Esa atas rahmat dan karunia-Nya,     the Almighty God for all His blessings, which allowed
yang memungkinkan PT Teladan Prima Agro Tbk          PT Teladan Prima Agro Tbk to end 2024 with
mampu menutup tahun 2024 dengan pencapaian           remarkable achievements. We considers the Board
yang membanggakan. Keberhasilan Direksi dalam        of Directors’ success in integrating the circular
mengintegrasikan strategi antara ekonomi sirkular    economy strategies and climate change impact
dan mitigasi dampak perubahan iklim kami pandang     mitigation has provided tangible contributions in
telah memberikan kontribusi nyata terhadap           improving Company’s product values and carbon
upaya peningkatan nilai produk Perseroan dan         footprint reduction. Furthermore, we see how these
pengurangan jejak karbon. Selain itu, kami melihat   strategies demonstrate the Company’s resilience and
bahwa kedua strategi tersebut mencerminkan           strong adaptability amidst the external challenges
resiliensi dan kemampuan adaptasi yang kuat dari     full of dynamics, leading to the achievement of solid
Perseroan di tengah tantangan eksternal yang penuh   operational and financial performances.
dinamika, sehingga pencapaian kinerja operasional
maupun finansial yang solid mampu dicapai.

Melalui Laporan Dewan Komisaris ini, kami            In this Board of Commissioners Report, we present our
menyampaikan penilaian atas kinerja Direksi,         assessment on the Board of Directors’ performance,
pandangan terhadap prospek usaha Perseroan,          outlook on the Company’s business prospects, as
serta evaluasi atas penerapan tata kelola            well as the evaluation of good corporate governance
perusahaan    yang    baik   (good    corporate      (GCG) implementation throughout 2024. We
governance/GCG) di sepanjang tahun 2024.             also highlight the strategic measures to support
Kami juga menyoroti langkah-langkah strategis        sustainability, including the operational efficiency
dalam mendukung keberlanjutan, termasuk efisiensi    and circular economy adaptation to ensure a
operasional dan penerapan ekonomi sirkular untuk     sustainable growth.
memastikan pertumbuhan yang berkelanjutan.



Kondisi Ekonomi dan Industri                         Economic and Industrial Conditions

Pertumbuhan ekonomi global pada tahun 2024           In 2024, the global economic growth is projected
diproyeksikan mencapai 3,2%, melampaui tingkat       to reach 3.2%, well passed the pre-pandemic level
pra-pandemi yang sebesar 2,8% pada 2019. Inflasi     of 2.8% in 2019. Global inflation is estimated to drop
global diperkirakan menurun ke 5,8%, sementara       to 5.8%, while the world’s oil prices are projected to
harga minyak dunia diproyeksikan rata-rata berada    be in the range of USD81.29 per barrel. The relatively
di angka USD81,29 per barel. Kondisi yang cukup      positive conditions are fueled by increasing tech
positif ini didorong oleh peningkatan investasi      investment in Asia, acting as the main drivers of
teknologi di Asia, yang menjadi motor penggerak      global growth. However, we still need to pay attention
utama pertumbuhan global. Namun, sejumlah            to several global challenges, such as geopolitical
tantangan global masih perlu diwaspadai, seperti     tensions, trade fragmentation, and high demand
ketegangan geopolitik, fragmentasi perdagangan,      for external financing in developing countries, which
dan kebutuhan pembiayaan eksternal yang tinggi       may affect the dynamics of world’s economy.
di negara berkembang, yang dapat memengaruhi
dinamika ekonomi dunia.




                                                                  PT Teladan Prima Agro Tbk          29
Page 32
  Circular Economy and Climate Impact
  Laporan Tahunan 2024 / 2024 Annual Report




Di tengah ketidakpastian global, pertumbuhan            Amidst the global uncertainties, in 2024 Indonesia’s
ekonomi Indonesia tahun 2024 mencapai 5,03%,            economy grew by 5.03%, slightly slower compared
sedikit melambat dibandingkan tahun sebelumnya          to 5.05% of the previous year. Despite the slightly
yang mencapai 5,05%. Meskipun pertumbuhan               slower growth, household consumption grew by
sedikit lebih rendah, konsumsi rumah tangga             4.94%, higher than 4.91% in 2023, indicating that the
tumbuh 4,94%, lebih tinggi dibandingkan 4,91% pada      community purchasing power remain strong amidst
tahun 2023, mengindikasikan daya beli masyarakat        the global economic uncertainties, driven by price
yang tetap kuat di tengah ketidakpastian ekonomi        stability and supported by the fiscal and monetary
global, didorong oleh stabilitas harga dan dukungan     policies.
kebijakan fiskal serta moneter.

Dari sisi industri, sektor perdagangan besar dan        As from an industrial standpoint, the wholesale
eceran tumbuh 4,86%, yang mencerminkan                  and retail trade sector grew by 4.86%, showing the
stabilnya aktivitas ekonomi domestik. Sementara         stability of domestic economic activity. While the
itu, industri pengolahan tumbuh 4,43%, yang             manufacturing sector grew by 4.43%, still showing
masih menunjukkan kontribusi positif terhadap           positive contribution to Indonesia’s economy, albeit
perekonomian        Indonesia,  meskipun   terjadi      some signs of slowing down seen in some export
perlambatan di beberapa sektor ekspor.                  sectors.

Sejalan dengan pertumbuhan ekonomi, industri            Alongside the economic growth, both the global
minyak sawit global dan nasional terus menunjukkan      and national palm oil industries continue to show
ketahanan. Permintaan yang tinggi terhadap              their resilience. The high demand of palm oil is
minyak sawit didukung oleh efisiensi produksi yang      supported by the superior production efficiency
unggul dibandingkan minyak nabati lainnya dan           when compared to the other vegetable oils and
kontribusi signifikan industri ini terhadap pemenuhan   significant contribution from the industry in fulfilling
kebutuhan pangan serta industri. Tren kenaikan harga    the food and industrial needs. We highlighted the
CPO menjadi sorotan, dengan harga mencapai              rising trend in CPO prices, where prices soar to USD
USD1.071,68 per metrik ton pada Desember 2024,          1,071.68 per metric ton in December 2024, a 37.3%
meningkat sebesar 37,3% dibandingkan USD781,32          increase from USD 781.32 per metric ton in December
per metrik ton pada Desember 2023, memberikan           2023, giving out a positive signal for the industry
sinyal positif bagi industri di tengah berbagai         amidst the various challenges faced, such as climate
tantangan seperti perubahan iklim dan kebijakan         change and export tax policy. The resilience of this
pajak ekspor. Resiliensi industri ini diperkuat oleh    industry is further strengthened as more and more
penerapan praktik keberlanjutan yang semakin luas,      players adopting the sustainability practices, export
diversifikasi pasar ekspor yang berhasil mengurangi     market diversification that successfully reducing
ketergantungan pada pasar tertentu, serta efisiensi     dependencies on particular markets, and continuous
operasional yang terus ditingkatkan.                    improvements in the operational efficiency.



Pengawasan dalam Perumusan dan                          Supervision in Formulation and
Implementasi Strategi                                   Implementation of Strategies

Kami mengapresiasi peran proaktif Direksi dalam         We appreciate the Board of Directors’ proactive
menghadapi       dinamika    makroekonomi    dan        role in facing the growing dynamics of both the
industri yang berkembang sepanjang tahun 2024.          macroeconomic and industry throughout 2024.
Upaya peningkatan produktivitas kebun, efisiensi        Efforts to improve plantations’ productivity,
operasional, dan optimalisasi harga jual telah          operational efficiency, and optimizing the selling
menjadi langkah strategis yang tepat dalam              prices are proven to be the key strategic measures
menjaga daya saing dan profitabilitas Perseroan.        to maintain Company’s competitiveness and
Kami melihat bahwa di tengah dinamika ekonomi           profitability. We view that amidst the challenges of
global serta tantangan cuaca yang semakin               global economic dynamics and the increasingly
tidak menentu, Direksi berhasil mempertahankan          unpredictable weather pattern, the Board of Directors
stabilitas operasional dengan baik dan memuaskan.       managed to maintain a satisfactory and good
Hal ini menunjukkan ketangguhan dan fleksibilitas       operational stability. It shows the resilience and
implementasi strategi yang disusun Direksi              flexibility in the implementation of strategies
dalam merespons perubahan lingkungan usaha              prepared by the Board of Directors in responding




  30       PT Teladan Prima Agro Tbk
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                                                                      Laporan Manajemen / Management Report




dengan cepat dan efektif. Lebih lanjut, kami juga         to changes in the business environment quickly
memberikan apresiasi atas keberhasilan Direksi            and effectively. We also appreciated the Board of
dalam merumuskan dan mengimplementasikan                  Directors’ success in formulating and implementing
strategi keberlanjutan yang inovatif. Inisiatif seperti   the innovative sustainability strategies. Initiatives
efisiensi dalam operasional dan optimalisasi limbah       such     as    operational    efficiency, waste-to-
menjadi energi dan diversifikasi produk berbasis nilai    energy optimization, and value-added products
tambah, tidak hanya menciptakan kontribusi baru           diversification, not only generated new contributions
dan perluasan dalam pendapatan untuk Perseroan,           and expanded the Company’s revenue streams, but
tetapi juga mendukung komitmen Perseroan                  also strengthened Company’s commitment toward
terhadap prinsip ekonomi sirkular dan mitigasi            the circular economy principles and climate change
dampak perubahan iklim.                                   impact mitigation.

Sebagai     bagian    dari  peran    pengawasan,          As a part of our supervision role, we also carry
kami turut melakukan evaluasi secara berkala              out periodic evaluations via joint meetings of
melalui mekanisme rapat gabungan antara                   the Board of Commissioners and the Board of
Dewan Komisaris dan Direksi guna memastikan               Directors to ensure that every strategic plan
setiap rencana strategis yang ditetapkan sejalan          established is in line with the Company’s vision on
dengan visi keberlanjutan dan pertumbuhan                 sustainability and growth. In the joint meetings, we
Perseroan. Dalam kesempatan tersebut, kami                provided advices and recommendations to the
memberikan saran dan rekomendasi kepada Direksi           Board of Directors to ensure a successful execution
agar mampu mengeksekusi setiap rencana kerja              of the established work plans, while still considering
yang telah ditetapkan dengan tepat, dengan tetap          the flexibility to face future industry dynamics.
mempertimbangkan fleksibilitas dalam menghadapi           We are confident that the strategic measures have
dinamika industri ke depan. Kami meyakini bahwa           provided a strong foundation for the continuation
langkah-langkah strategis ini telah memberikan            of Company’s performances, as well as providing
landasan yang kuat bagi keberlanjutan kinerja             added value for all of the stakeholders.
Perseroan, sekaligus memberikan nilai tambah bagi
seluruh pemangku kepentingan.



Penilaian Atas Kinerja Operasional dan                    Assessment of the Company’s
Keuangan Perseroan                                        Operational and Financial Performances

Atas berbagai strategi yang diimplementasikan,            Upon     the   various   strategies   implemented,
kami memberikan apresiasi terhadap pencapaian             we appreciate the Company’s performance
kinerja yang ditunjukkan Perseroan sepanjang              achievements shown throughout 2024. Despite
tahun 2024. Di tengah tantangan ekonomi global            the fluctuating global economic challenges and
yang masih belum stabil dan dampak fenomena               impact of El Niño phenomenon, responsible for
El Niño yang menyebabkan ketidakpastian cuaca,            weather uncertainties, the Company still managed
Perseroan mampu menjaga stabilitas operasional            to maintain operational stability and positive
serta mencatatkan kinerja keuangan yang                   financial performance. In terms of operations,
positif. Dari sisi operasional, kami mengapresiasi        we recognize the 0.5% or 6.23 thousand tons
capaian produksi TBS Perseroan tahun 2024                 increase in the Company’s FFB production for 2024,
yang meningkat 0,5% atau 6,23 ribu ton serta              as well as the ability to maintain CPO production
mampu untuk mempertahankan produksi CPO di                at 324.85 thousand tons in 2024 despite the
angka 324,86 ribu ton pada tahun 2024 di tengah           challenge of unpredictable weather. Further, we also
tantangan cuaca yang tidak menentu. Kami juga             appreciate the Company’s success in diversifying
memberikan apresiasi atas keberhasilan Perseroan          its value-added products. Throughout 2024,
dalam melakukan diversifikasi produk berbasis nilai       the Company has successful operations of both the
tambah. Sepanjang tahun 2024, operasional CPKO            CPKO and PKE, with respective production volumes of
dan PKE telah berjalan dengan baik dengan volume          5.26 thousand tons and 6.86 thousand tons.
produksi masing-masing sebesar 5,26 ribu ton dan
6,86 ribu ton.




                                                                      PT Teladan Prima Agro Tbk           31
Page 34
 Circular Economy and Climate Impact
 Laporan Tahunan 2024 / 2024 Annual Report




Capaian positif dari kinerja operasional turut         Positive outcome in operational performance also
mendorong pertumbuhan pada capaian kinerja             contribute to the growth in financial performance. In
finansial. Pada tahun 2024, Perseroan mencatatkan      2024, the Company managed to record a revenue
pertumbuhan pendapatan hingga 5,1% menjadi             growth of 5.1%, or Rp4.21 trillion. This growth was
Rp4,21 triliun. Pertumbuhan ini diimbangi dengan       matched by 6.2% reduction in cost of revenue,
penurunan beban pokok pendapatan hingga 6,2%           to Rp2.76 trillion. These achievements not only
menjadi Rp2,76 triliun. Pencapaian ini tidak hanya     reflecting the production cost efficiency but also
mencerminkan efisiensi biaya produksi, tetapi juga     the success of value-added product diversification
keberhasilan implementasi strategi diversifikasi       strategy implementation. All of these efforts bring
produk berbasis nilai tambah. Upaya ini memberikan     positive impact in boosting the profit margins
dampak positif dalam meningkatkan margin               while expanding the reach of Company’s products.
keuntungan sekaligus memperluas pasar produk           In 2024, the Company managed to significantly
Perseroan. Pada tahun 2024, Perseroan mampu            boost net profit to 82.7%, or Rp825.59 billion.
mendorong pertumbuhan signifikan pada laba
bersih hingga 82,7% menjadi Rp825,59 miliar.

Kami juga menilai bahwa keberhasilan ini               We recognize that we owe this success to Company’s
tidak terlepas dari fokus Perseroan dalam              focus in integrating sustainability principles into
mengintegrasikan prinsip-prinsip keberlanjutan         operations. Innovative measures, such as PK
ke dalam operasional. Langkah inovatif, seperti        processing into CPKO and PKE, have improved the
pemrosesan PK menjadi CPKO dan PKE telah               diversification and value-added products from
mendukung peningkatan diversifikasi dan nilai          the Company. We view these efforts not only bring
tambah produk Perseroan. Kami melihat bahwa            positive impact on financial performance but also
upaya ini tidak hanya berdampak positif terhadap       strengthen the Company’s competitiveness in the
kinerja keuangan, tetapi juga memperkuat daya          long-term.
saing Perseroan dalam jangka panjang.



Pandangan Atas Aspek Keberlanjutan                     Views on the Company’s Sustainability
Perseroan                                              Aspect

Sejalan dengan capaian kinerja operasional dan         Following the achievements of operational and
finansial, kinerja keberlanjutan Perseroan juga        financial performances, Company’s sustainability
patut diapresiasi. Komitmen Perseroan terhadap         performance      should   also   be     appreciated.
keberlanjutan telah terintegrasi dengan baik           The Company’s sustainability commitment has been
dalam setiap aspek bisnis. Langkah Direksi dalam       well integrated into every aspect of its businesses.
mengimplementasikan prinsip ekonomi sirkular,          Steps taken by Board of Directors in implementing
seperti pengolahan limbah menjadi energi melalui       the circular economy principles, such as the waste
operasional BPP mencerminkan upaya nyata               into energy conversion via BPP operations, reflect
dalam mendukung pengelolaan lingkungan yang            a real commitment to responsible and sustainable
bertanggung jawab dan berkelanjutan.                   environmental management.

Penerapan good agricultural practices (GAP) dan        The implementation of Good Agricultural Practices
pemanfaatan teknologi modern berhasil mendukung        (GAP) and utilization of modern technology have
produktivitas Perseroan di tengah tantangan cuaca      successfully backed the Company’s productivity
yang tidak menentu. Upaya ini menjadi bukti nyata      in the face of unpredictable weather. These efforts
kemampuan adaptasi dan efektivitas strategi yang       are tangible evidence of Company’s adaptability
dijalankan dalam menjaga stabilitas operasional        and effectiveness of strategies in place to maintain
dan memastikan efisiensi yang optimal. Selain          operational stability and ensure optimal efficiency.
itu, perhatian Perseroan terhadap kesejahteraan        In addition, Company’s attention to the welfare of
karyawan dan masyarakat sekitar melalui perbaikan,     its employees and the surrounding communities,
peningkatan, dan pembangunan infrastruktur serta       via improvement, upgrading, and construction of
fasilitas umum di area perkebunan patut diapresiasi.   infrastructure and public facilities in plantation areas,
Inisiatif ini tidak hanya menciptakan kenyamanan       also worth appreciated. The initiatives not only bring
dan kualitas hidup yang lebih baik bagi karyawan,      more comfort and better quality of life for employees,




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tetapi juga memperkuat hubungan harmonis                   as well as strengthen the harmonious relationships
dengan komunitas setempat sebagai bagian dari              with local communities as part of the Company’s
tanggung jawab sosial Perseroan.                           social responsibility.

Dengan pencapaian ini, Perseroan berhasil                  With these achievements, the Company managed to
menunjukkan komitmen kuat terhadap pertumbuhan             showcase its strong commitment toward sustainable
yang berkelanjutan, efisiensi operasional, serta           growth, operational efficiency, and positive
kontribusi positif bagi lingkungan dan masyarakat.         contributions for the environment and society.



Pandangan Atas Prospek Usaha                               Views on the Company’s Business
Perseroan                                                  Prospects

Dalam pandangan atas prospek usaha Perseroan,              In relation with the views of the Company’s business
kami memandang bahwa rencana pertumbuhan                   prospects, we believe that the Company’s future
Perseroan ke depan yang dirumuskan oleh Direksi            growth plans prepared by the Board of Directors
telah sejalan dengan dinamika pasar dan tren               has been in line with market dynamics and global
keberlanjutan global. Fokus Perseroan pada                 sustainability trends. We consider the Company’s
penguatan operasi KCP dan BPP kami pandang                 focus on strengthening the KCP and BPP operations
sebagai langkah strategis yang relevan untuk               as relevant strategic move to address the market
menjawab kebutuhan pasar akan produk yang                  demand seeking value-added products as well
menciptakan nilai tambah serta tantangan akan              as the challenge of environmentally friendly
praktik bisnis yang ramah lingkungan. Langkah ini          business practices. It also reaffirm the Company’s
juga menegaskan komitmen Perseroan terhadap                commitment to operational efficiency and reducing
efisiensi operasional sekaligus pengurangan emisi          the carbon emissions by utilizing renewable
karbon melalui pemanfaatan energi terbarukan.              energy. We support the Company’s commitment to
Kami mendukung komitmen Perseroan yang akan                continue the integration of environmentally friendly
terus meningkatkan integrasi teknologi ramah               technologies into its operational activities to support
lingkungan dalam aktivitas operasional guna                future potential growth. We consider this approach
mendukung prospek pertumbuhan ke depan.                    can strengthen the climate change risk mitigation
Kami melihat bahwa langkah ini dapat memperkuat            strategy in responding to the challenges of extreme
strategi mitigasi risiko perubahan iklim sebagai           weather that may impact production stability.
respons terhadap tantangan cuaca ekstrem yang              In addition, value-added product diversification
dapat memengaruhi stabilitas produksi. Selain itu,         strategy gives an opportunity for the Company to
strategi diversifikasi produk berbasis nilai tambah        expand market share and improve competitiveness
memberikan peluang bagi Perseroan untuk                    in the increasingly complex industry demand.
memperluas pangsa pasar dan meningkatkan daya
saing di tengah tuntutan industri yang semakin
kompleks.

Dalam rangka memastikan arah pertumbuhan                   In ensuring a direction for the sustainable growth,
yang      berkelanjutan,   kami    telah  melakukan        we have evaluated the Company’s Long-Term
evaluasi terhadap Rencana Jangka Panjang                   Plan (RJP) and Strategic Business Plan (SBP) for
(RJP) dan Strategic Business Plan (SBP) Perseroan          2025-2030. The evaluation performed include the
untuk periode 2025-2030. Evaluasi ini mencakup             assessment on the alignment of business strategies
penilaian atas kesesuaian strategi bisnis dengan           with existing industry challenges and market
tantangan industri dan peluang pasar yang ada,             opportunities, as well as ensuring that the plans are
serta memastikan bahwa rencana tersebut sejalan            in line with the Company’s sustainability vision. We
dengan visi keberlanjutan Perseroan. Kami juga turut       also provided advices and recommendations to the
memberikan saran dan rekomendasi kepada Direksi            Board of Directors so that that any initiatives and
agar setiap inisiatif dan kebijakan yang tertuang          policies outlined in the RJP and SBP can be effectively,
dalam RJP dan SBP dapat dieksekusi secara                  flexibly, and measurably implemented. Further, we
efektif, fleksibel, dan terukur. Lebih lanjut, inisiatif   see the long-term initiatives on the improvement of
jangka panjang atas peningkatan kualitas Sumber            Human Resources (HR) quality via intensive training
Daya Manusia (SDM) melalui program pelatihan               programs on sustainability and circular economy




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intensif terkait keberlanjutan dan pengelolaan          management as a highly strategic investment
ekonomi sirkular kami pandang menjadi investasi         to support the Company’s business prospects.
yang     sangat   strategis   dalam     mendukung       By improving employee competencies, the Company
prospek usaha Perseroan. Dengan meningkatkan            will be better prepared in facing the industry
kompetensi karyawan, Perseroan akan semakin             challenges, while at the same time promoting
siap menghadapi tantangan industri, sekaligus           comprehensive implementation of sustainability
mendorong implementasi prinsip keberlanjutan            principles in all of its operational areas.
secara menyeluruh di setiap lini operasional.

Kami optimis bahwa dengan langkah-langkah               We are optimistic that armed with strategic
strategis yang tertuang pada RJP dan SBP ini,           measures outlined in the RJP and SBP, the Company
Perseroan berada pada jalur yang tepat untuk            is on the right track to realize sustainable growth,
menciptakan pertumbuhan yang berkelanjutan,             maintaining business resilience amidst the global
menjaga ketahanan bisnis di tengah perubahan            changes, as well as providing positive contributions
global, serta memberikan kontribusi positif bagi        to the environment and all of the stakeholders.
lingkungan dan seluruh pemangku kepentingan.



Pandangan Atas Penerapan                                Views on the Implementation of
Tata Kelola Perusahaan yang Baik                        Good Corporate Governance

Kami menilai bahwa implementasi GCG sepanjang           Throughout 2024, we consider the implementation
tahun 2024 telah terlaksana dengan efektif di           of GCG has been effectively applied in all of the
seluruh lini usaha Perseroan. Penilaian ini dilakukan   Company’s business lines. This assessment is based
berdasarkan hasil pengawasan intensif yang              on the results of intensive supervision conducted
kami jalankan bersama Komite Audit serta Komite         together with the Audit Committee and the Risk
Manajemen Risiko, GCG, dan Investasi. Mekanisme         Management, GCG, and Investment Committee. This
ini memastikan proses evaluasi yang menyeluruh          mechanism ensures a thorough evaluation process
dan pandangan yang independen terhadap                  and an independent perspective on Board of
kinerja Direksi dalam menjalankan perannya              Directors’ performance in executing the Company’s
sebagai eksekutor pengembangan strategi dan             development and growth strategies.
pertumbuhan Perseroan.

Penerapan prinsip Kode Etik, manajemen risiko,          The implementation of Code of Ethics, risk
dan pengendalian internal telah mendukung               management, and internal controls principles
pengambilan      keputusan   yang     transparan,       has supported a transparent, accountable, and
akuntabel, dan bertanggung jawab. Sejalan dengan        responsible decision-making. Coupled with the
implementasi ekonomi sirkular dan adaptasi              implementation of circular economy and climate
terhadap perubahan iklim, implementasi GCG              change adaptation, the GCG implementation
juga turut memastikan setiap strategi dan inisiatif     also ensures that every strategy and initiative is
dijalankan dengan prinsip kehati-hatian serta           implemented under the principles of prudence and
efisiensi untuk memaksimalkan nilai tambah bagi         efficiency to optimize value for stakeholders.
pemangku kepentingan.

Kami      juga    mengapresiasi    langkah-langkah      We also appreciate the Company is implementing an
digitalisasi proses operasional yang diterapkan oleh    initiative to digitize its operational processes, as seen
Perseroan, seperti penguatan TPTS dan TGM. Inisiatif    from the TPTS and TGM strengthening. This initiative
ini memperkuat transparansi data, meningkatkan          enhances data transparency, improve decision-
akurasi pengambilan keputusan, serta mendukung          making accuracy, and support a sustainable
efisiensi operasional yang berkelanjutan. Dengan        operational efficiency. Based on strong governance
fondasi tata kelola yang kokoh, kami optimis            foundation, we are confident that the Company
bahwa       Perseroan   akan     mampu      menjaga     will be able to maintain its operational stability,
stabilitas operasional, memperkuat daya saing,          strengthen its competitiveness, as well as ensuring
serta memastikan keberlanjutan bisnis di tengah         its business sustainability amidst the increasingly
tantangan industri yang semakin kompleks.               complex industry challenges.




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Penutup                                                Closing Remarks

Menutup laporan ini, kami menyampaikan apresiasi       As a closing remarks of this report, we would like
yang tinggi atas kinerja solid dan langkah-langkah     to express our high appreciation for the solid
strategis yang telah diimplementasikan oleh Direksi    performance and strategic measures implemented
sepanjang tahun 2024. Keberhasilan Perseroan           by the Board of Directors throughout 2024.
dalam mengoptimalkan operasional, menerapkan           The Company’s success in optimizing its operations,
prinsip ekonomi sirkular, serta beradaptasi terhadap   implementing     circular     economy       principles,
tantangan perubahan iklim menunjukkan komitmen         and adapting to the climate change challenge
kuat    terhadap     pertumbuhan      berkelanjutan.   demonstrate a strong commitment to sustainable
Kami juga menyampaikan penghargaan kepada              growth. We also would like to appreciate all of the
seluruh karyawan dan pemangku kepentingan atas         employees and stakeholders for their dedication,
dedikasi, kerja keras, serta dukungan yang telah       hard work, and support in realizing these remarkable
diberikan dalam mengupayakan pencapaian yang           achievements. The harmonious collaboration
membanggakan ini. Kolaborasi yang harmonis             realized by all of the elements has been key to
antara seluruh elemen menjadi kunci keberhasilan       success in overcoming the global challenges and
dalam menghadapi tantangan global dan meraih           seizing growth opportunities.
peluang pertumbuhan.




                 Atas nama Dewan Komisaris / On behalf of the Board of Commissioners of
                                    PT Teladan Prima Agro Tbk




                                            Indracahya Basuki
                                             Komisaris Utama
                                          President Commissioner




                                                                    PT Teladan Prima Agro Tbk          35
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 Circular Economy and Climate Impact
 Laporan Tahunan 2024 / 2024 Annual Report




LAPORAN DIREKSI
  Board of Directors’ Report




Wishnu
Wardhana
Direktur Utama /
President Director




“ Sepanjang tahun 2024, Perseroan berhasil menunjukkan kinerja yang membanggakan melalui strategi
  efisiensi operasional dan diversifikasi produk berbasis nilai tambah. Keberhasilan ini diperkuat dengan
  implementasi prinsip ekonomi sirkular yang mendukung optimalisasi operasional, pengurangan jejak
  karbon, serta efisiensi energi. Langkah-langkah strategis ini tidak hanya meningkatkan daya saing dan
  profitabilitas Perseroan, tetapi juga memperkuat komitmen terhadap keberlanjutan dan kontribusi positif
  bagi ekonomi nasional .”
“ Throughout 2024, the Company demonstrates remarkable performances by implementing the operational
  efficiency strategies and diversification of value-added products. This success is further strengthened
  with the implementation of circular economy principles which support operational optimization, carbon
  footprint reduction, and energy efficiency. These strategic measures not only improved Company’s
  competitiveness and profitability but also reaffirm its commitment to sustainability and providing positive
  contributions to the national economy.”




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



Pertama-tama, kami memanjatkan puji dan syukur          First of all, we would like to give thanks to the
ke hadirat Tuhan Yang Maha Esa atas rahmat dan          Almighty God for all His blessings, which allowed
karunia-Nya, sehingga PT Teladan Prima Agro Tbk         PT Teladan Prima Agro Tbk to end 2024 with
dapat menutup tahun 2024 dengan kinerja yang            remarkable achievements. Throughout the year, the
membanggakan. Sepanjang tahun ini, Perseroan            Company has driven its profitability performance
berhasil mendorong kinerja profitabilitas, sebuah       further, an accomplishment showcasing the success
pencapaian yang mencerminkan keberhasilan               of efficiency strategies in the operational aspect, as
strategi efisiensi dalam aspek operasional serta        well as the diversification of value-added products.
diversifikasi produk berbasis nilai tambah.

Keberhasilan ini juga didukung oleh langkah strategis   This success is also supported by Company’s
Perseroan dalam mengimplementasikan prinsip             strategic measures in implementing the circular
ekonomi sirkular melalui optimalisasi operasional       economy principles by optimizing operations of
KCP dan BPP. Kedua inisiatif ini menjadi tonggak        KCP and BPP. Both of these initiatives are notable
penting dalam upaya kami untuk meningkatkan             milestones in our efforts to boost the value-added
nilai tambah dari produk yang dihasilkan Perseroan,     of products produced by the Company, creating
menciptakan efisiensi energi, mengurangi jejak          energy efficiency, reducing carbon footprints, as
karbon, serta memaksimalkan pemanfaatan sumber          well as optimizing the utilization of resources in a
daya secara berkelanjutan.                              sustainable manner.

Melalui Laporan Direksi ini, kami segenap jajaran       With full responsibility, we, the Company’s Board of
Direksi Perseroan, dengan penuh tanggung jawab          Directors, would like to present the achievements
menyampaikan capaian kinerja operasional dan            of operational and financial performances,
finansial, implementasi strategi keberlanjutan, serta   implementation of sustainability strategies, as well
arah kebijakan dan rencana strategis untuk masa         as the policy directions and strategic plans going
mendatang. Kami optimis langkah-langkah ini akan        forward. We are confident that these measures
menjadi fondasi yang kokoh bagi pertumbuhan yang        will serve as a solid foundation for sustainable and
berkelanjutan dan bernilai bagi seluruh pemangku        valuable growth for all of the stakeholders.
kepentingan.



Kondisi Ekonomi Global dan Indonesia                    Global and Indonesian Economic
                                                        Conditions

IMF memproyeksikan pertumbuhan ekonomi global           IMF projected the 2024 global economic growth to
tahun 2024 sebesar 3,2%, lebih tinggi dibandingkan      reach 3.2%, higher compared to the pre-pandemic
realisasi sebelum pandemi pada tahun 2019 yang          level of 2.8% in 2019. This recovery is primarily
sebesar 2,8%. Pemulihan ini terutama didorong oleh      driven by an increase in technology investment
peningkatan investasi teknologi di kawasan Asia,        in the Asia region, fueled with the high demand
yang ditopang oleh permintaan tinggi terhadap           for semiconductors and artificial intelligence
semikonduktor dan teknologi kecerdasan buatan.          technologies. In line with this, global inflation is
Sejalan dengan itu, inflasi global diperkirakan         estimated to ease off, averaging by 5.8% in 2024.
melandai, dengan rata-rata sebesar 5,8% pada            Meanwhile, world’s oil prices are estimated to
2024. Di sisi lain, harga minyak dunia diperkirakan     reach the average of USD81.29 per barrel in 2024.
mencapai rata-rata USD81,29 per barel pada              Even with the signs of recovery, global challenges
2024. Meskipun terdapat tanda-tanda pemulihan,          are significantly present. The geopolitical tensions
tantangan global masih signifikan. Ketegangan           and trade fragmentation are hindering economic
geopolitik     dan     fragmentasi    perdagangan       activities between the global blocs, while uncertainty
memperlambat aktivitas ekonomi antarblok global,        in monetary policies may trigger financial market




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sementara ketidakpastian kebijakan moneter             volatility. Developing countries are also exposed
berpotensi memicu volatilitas pasar keuangan.          to substantial risks arising from the high external
Negara-negara berkembang juga menghadapi               financing needs and disruptions that occur in the
risiko besar akibat kebutuhan pembiayaan eksternal     commodity production.
yang tinggi serta gangguan produksi komoditas.

Sementara itu, perekonomian Indonesia tetap            Meanwhile, Indonesia’s economy is still growing
tumbuh sebesar 5,03% pada tahun 2024, sedikit          by 5.03% in 2024, slightly lower than the 5.05%
lebih rendah dibandingkan tahun sebelumnya             growth in the previous year. Contributions from the
yang sebesar 5,05%. Kontribusi sektor-sektor           main sectors to the Gross Domestic Product (GDP)
utama terhadap produk domestik bruto (PDB)             remained significant, with manufacturing sector
tetap signifikan, dengan sektor industri pengolahan    grew by 4.43%, despite suffering from a slowdown
tumbuh sebesar 4,43%, meskipun mengalami               compared to the previous year.
perlambatan dibandingkan tahun sebelumnya.

Di sisi lain, pertumbuhan konsumsi rumah tangga        On the other hand, household consumption grew
meningkat menjadi 4,94% dibandingkan 4,82% pada        to 4.94% compared to 4.82% in 2023, showing that
2023, menunjukkan bahwa daya beli masyarakat           the community purchasing power remain strong,
tetap kuat, didukung oleh inflasi yang terkendali      supported by the inflation that remain in control in
dalam kisaran 2,5±1%. Namun, penurunan net ekspor      the 2.5±1% range. However, the net export decline
akibat kenaikan impor sebesar 7,95% dibandingkan       due to a 7.95% increase in imports compared against
pertumbuhan ekspor 6,51% menjadi faktor yang           the 6.51% export growth remains a factor limiting the
membatasi laju pertumbuhan ekonomi.                    economic growth rate.

Secara keseluruhan, perekonomian Indonesia             Overall,  Indonesia’s  economy      managed       to
berhasil      mempertahankan          momentum         maintain its growth momentum amidst the global
pertumbuhan di tengah tantangan global dan             and domestic challenges. Price stability, careful
domestik. Stabilitas harga, pengelolaan kebijakan      management of the economic policies, and the
ekonomi yang hati-hati, serta pertumbuhan sektor       growth of the consumption and trade sectors
konsumsi dan perdagangan menjadi faktor utama          become the main factors preserving the resilience of
dalam menjaga ketahanan ekonomi nasional.              the national economy.



Tinjauan Industri Agribisnis                           Agribusiness Industry Overview

Industri minyak sawit global menunjukkan stabilitas    Global palm oil industry shows robust stability
permintaan yang kuat di tengah berbagai tantangan      of demands despite the multiple economic and
ekonomi dan lingkungan. Sebagai minyak nabati          environmental challenges. As the most vastly
yang paling banyak digunakan secara global,            used vegetable oil globally, palm oil cater to
minyak sawit memenuhi sekitar 40% dari kebutuhan       around 40% of the world’s needs for vegetable oils.
minyak nabati dunia. Efisiensi produksinya yang        The higher production efficiency, significantly
jauh lebih tinggi dibandingkan minyak nabati           superior when compared to the other vegetable oils
lainnya, seperti minyak kedelai dan bunga matahari,    such as soybean and sunflower oil, puts palm oil
menjadikan minyak sawit sebagai pilihan utama          as the main choice to meet the needs of food and
dalam memenuhi kebutuhan pangan dan industri.          industrial sectors.

Sejalan dengan itu, perkembangan industri minyak       Going in the same direction, the national palm oil
sawit nasional juga turut mendapat dukungan dari       industry also benefitted from the trend of increasing
tren peningkatan harga global. Pada Desember 2024,     global prices. The price of CPO in December
harga CPO mencapai USD1.071,68 per metrik ton,         2024 reached USD 1,071.68 per metric ton, a 37.3%
meningkat 37,3% dibandingkan periode Desember          increase from USD 781.32 per metric ton recorded in
2023 yang tercatat sebesar USD781,32 per metrik ton.   December 2023. Such increase signaling a positive
Kenaikan ini mencerminkan prospek positif bagi         outlook for the palm oil industry, although challenges
industri minyak sawit, meskipun tantangan seperti      such as climate change and export tax policies have
perubahan iklim dan kebijakan pajak ekspor sempat      tremendous impact on the trade volumes.
memengaruhi volume perdagangan.




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Industri minyak sawit terbukti memiliki resiliensi yang   The palm oil industry has proven itself to be resilient,
kuat, didorong oleh adopsi praktik berkelanjutan          backed by an increasingly massive adoption of
yang semakin masif dan diversifikasi pasar ekspor.        the sustainable practices and diversification of the
Langkah ini berhasil mengurangi ketergantungan            export market. These measures have successfully
terhadap       pasar    tertentu     dan     meredam      reducing the dependence on particular markets
ketidakpastian global. Bagi Perseroan, tren positif       as well as curbing the global uncertainties. The
ini memberikan dukungan terhadap pertumbuhan              Company considers the positive trend supports its
kinerja.    Strategi   yang      dijalankan,    seperti   performance growth. The current strategies in place
diversifikasi produk berbasis nilai tambah dan            include the diversification of value-added products
peningkatan efisiensi operasional, selaras dengan         and improvement of operational efficiency, which
arah perkembangan industri. Selain itu, fokus             are align toward the direction of industry’s growth.
pada keberlanjutan dan implementasi ekonomi               In addition, the Company is better prepared by
sirkular menjadikan Perseroan lebih siap dalam            focusing on sustainability and implementation of a
menghadapi dinamika industri yang terus berubah,          circular economy, to face an ever-changing industry
sekaligus berkontribusi terhadap pertumbuhan              dynamics, while still contributing to the growth of the
sektor pertanian dan ekonomi nasional.                    agricultural sector and national economy.



Kebijakan Strategis Perseroan dalam                       Company Strategic Policy in Dealing
Menghadapi Tantangan Usaha                                with the Business Challenges

Perkembangan positif makroekonomi dan industri            Positive development of the macroeconomy and
kelapa sawit nasional tidak terlepas dari berbagai        national palm oil industry are accompanied by
tantangan yang menyertainya. Pada tahun 2024,             various looming challenges. In 2024, the Company
Perseroan dihadapkan pada berbagai dinamika               is faced with various dynamics requiring a strategic
yang memerlukan pendekatan strategis dalam                approach in order to maintain performance and
rangka mempertahankan kinerja pencapaian target.          target achievement. Throughout 2024, the Company’s
Sepanjang tahun 2024, produksi CPO Perseroan              CPO production faced a challenge of 0.9% decline
menghadapi tantangan berupa penurunan sebesar             compared to the previous year. This decline was due
0,9% dibandingkan tahun sebelumnya. Penurunan ini         to the climate change and unpredictable weather.
dipengaruhi oleh perubahan iklim dan kondisi cuaca
yang tidak menentu.

Sebagai respons terhadap perubahan iklim yang             As a response to the climate change impacting the
turut memengaruhi produktivitas, sejak 2022               productivity, since 2022, the Company has been
Perseroan telah menerapkan teknologi ramah                implementing environmentally friendly technologies,
lingkungan, seperti TPTS dan TGM, yang berfungsi          namely TPTS and TGM, aimed to improve the
untuk meningkatkan efisiensi sumber daya serta            resources efficiency as well as supporting the
mendukung praktik keberlanjutan. Langkah ini              sustainability practices. These measures are part
merupakan bagian dari komitmen Perseroan dalam            of the Company’s commitment in mitigating the
memitigasi risiko lingkungan dan memastikan               environmental risks and ensuring greener operations
operasional yang lebih hijau di seluruh lini bisnis.      across all of the business lines.

Perseroan     terus    mengembangkan       teknologi      The Company is constantly developing its plantation
perkebunan yang dimiliki. Pada tahun ini, khususnya       technologies. This year, particularly for TPTS, an
untuk TPTS, telah dilakukan pengembangan analisis         analysis development has been made on the
terhadap dampak perubahan iklim, terutama terkait         climate change impact, in particular related to
fenomena El Niño-Southern Oscillation (ENSO).             El Niño-Southern Oscillation (ENSO) phenomenon.
Selain itu, Perseroan mengoptimalkan teknologi            Further, the Company optimized its remote sensing
pengindraan jauh (remote sensing) dan kecerdasan          and artificial intelligence (AI) technologies to detect
buatan (artificial intelligence/AI) untuk mendeteksi      and to prevent diseases in the palm oil plants.
serta mencegah penyakit pada tanaman kelapa
sawit.




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Perseroan juga telah mengadopsi teknologi                The Company also adopted modern agricultural
agrikultur modern berupa Hatch and Carry Mobile          technology in the form of Hatch and Carry Mobile
Station (HCMS) guna meningkatkan produktivitas           Station (HCMS) to improve palm oil productivity.
kelapa sawit. Teknologi ini mencakup penetasan           This technology is used in the hatching of pollinating
serangga penyerbuk (Elaeidobius kamerunicus),            insects (Elaeidobius kamerunicus), pollen spraying,
penyemprotan polen, dan pelepasan kumbang                and daily release of beetles into the areas requiring
secara harian ke area yang memerlukan optimalisasi       fruit-set potentials optimization. These strategic
potensi fruit-set. Upaya strategis ini dilakukan untuk   efforts are performed to support the stability of
mendukung stabilitas hasil produksi.                     production yield.

Guna      menambah         pendapatan,     Perseroan     In order to add revenue, the Company implemented
menerapkan serangkaian kebijakan strategis               a series of strategic policies that focus on improving
yang berfokus pada peningkatan daya saing                the competitiveness and business continuation.
dan keberlanjutan usaha. Pertama, Perseroan              First, the Company improved its operational
meningkatkan efisiensi operasional, termasuk             efficiency, while reducing the production costs, to
penekanan biaya produksi, guna mempertahankan            maintain the profit margins despite challenges
margin keuntungan di tengah tantangan volume             in terms of production volume. It also ensures the
produksi. Langkah ini memastikan optimalisasi            optimal use of available resources to yield maximum
sumber daya yang dimiliki agar tetap memberikan          results. Second, the Company keep moving
hasil yang maksimal. Kedua, Perseroan melanjutkan        forward with the product diversification strategy by
strategi diversifikasi produk, dengan mengolah PK        processing PK further into value-added products
menjadi produk berbasis nilai tambah, seperti CPKO       such as CPKO and PKE. This diversification initiative
dan PKE. Diversifikasi ini tidak hanya membantu          not only helps reducing the dependence on the
mengurangi ketergantungan pada produk utama,             core products but also opens up new opportunities
tetapi juga menciptakan peluang baru yang                that contribute to the improvement of Company’s
berkontribusi terhadap kinerja finansial Perseroan.      financial performance.

Dengan kebijakan-kebijakan tersebut, Perseroan           With the aforementioned policies, the Company
optimis mampu mengatasi tantangan usaha yang             is confident in overcoming the existing business
ada dan tetap berada pada jalur pertumbuhan              challenges and remain on track of a sustainable
yang berkelanjutan. Fokus pada inovasi, efisiensi,       growth. Focus on innovation, efficiency, and
dan diversifikasi menjadi kunci bagi Perseroan           diversification have been key aspects for the
dalam menjaga ketahanan operasional sekaligus            Company in maintaining operational resilience while
menciptakan nilai tambah bagi seluruh pemangku           creating added value for all of the stakeholders.
kepentingan.



Peranan Direksi dalam Perumusan dan                      The Role of the Board of Directors in
Implementasi Strategi Perseroan                          Formulating and Implementing
                                                         the Company’s Strategy

Dalam memastikan pencapaian target kinerja               In ensuring achievement of the performance
dan keberlanjutan operasional, Direksi memainkan         targets and operational sustainability, the Board
peran aktif dalam perumusan dan implementasi             of Directors plays an active role in the formulation
strategi Perseroan. Salah satu langkah nyata yang        and implementation of the Company’s strategies.
dilakukan adalah pemantauan langsung terhadap            An example of the concrete measure taken is the
implementasi strategi melalui sistem pelaporan           direct monitoring over the strategy implementation
rutin dari manajemen operasional. Pendekatan ini         via routine reporting systems from operational
memungkinkan kami untuk mendapatkan informasi            management. This approach has enable us to
terkini mengenai perkembangan operasional dan            acquire up-to-date information on operational
memberikan arahan strategis yang diperlukan              developments and provide the required strategic
secara tepat waktu.                                      direction in a timely manner.

Dalam mendukung hal tersebut, kami juga                  In supporting the aforementioned, we also push
mendorong integrasi teknologi digital sebagai            the integration of digital technology as a part of
bagian dari upaya meningkatkan efisiensi dan             our efforts to improve the efficiency and accuracy




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akurasi     dalam       pengambilan      keputusan.    in decision-making. The utilization of the systems,
Pemanfaatan sistem, seperti TPTS dan TGM, telah        such as TPTS and TGM, has helped strengthen
membantu memperkuat pengawasan operasional             the operational oversight as well as mitigating
serta memitigasi risiko yang mungkin muncul.           potential risks that may occur. Utilizing TPTS, we
Dengan TPTS, kami mampu memaksimalkan                  are able to optimize productivity and operational
produktivitas dan efisiensi operasi, sementara TGM     efficiency, while TGM supports by monitoring the
mendukung pemantauan implementasi upaya                implementation of sustainability efforts in the estates
keberlanjutan di area perkebunan secara lebih          with better accuracy and efficiency.
akurat dan efisien.

Melalui pendekatan ini, kami memastikan bahwa          By implementing this approach, we ensure that the
strategi yang telah dirumuskan tidak hanya berjalan    formulated strategies are not only implemented
efektif, tetapi juga selaras dengan visi Perseroan     effectively, but also aligned with the Company’s vision
untuk mencapai pertumbuhan yang berkelanjutan.         of achieving sustainable growth. The accurate data-
Pengambilan keputusan berbasis data yang akurat        driven decision-making and intensive monitoring
dan pemantauan yang intensif menjadi kunci             are the key factors in maintaining business resilience
utama dalam menjaga ketahanan bisnis di tengah         in the middle of the ever-evolving industry dynamics.
dinamika industri yang terus berkembang.



Pencapaian Kinerja Perseroan                           Achievements of Company
Dibandingkan dengan Target                             Performances vs Targets

Penyusunan strategi yang tepat dan implementasi        Throughout 2024, formulating the right strategy
yang efektif tetap menjadi faktor kunci dalam          and an effective implementation remain as the
menjaga stabilitas kinerja operasional dan finansial   key factors to maintain the Company’s operational
Perseroan sepanjang tahun 2024, meskipun               and financial performance stability, despite the
dihadapkan pada tantangan eksternal. Secara            external challenges faced. In terms of operations,
operasional, produksi TBS dari kebun inti dan plasma   the FFB production from the nucleus and plasma
pada tahun 2024 mencapai 1,22 juta ton, sedikit        estates reached 1.22 million tons in 2024, slightly
lebih rendah 3,0% dari target yang ditetapkan.         lower by 3.0% of the target set. Meanwhile, CPO and
Sementara itu, produksi CPO dan PK tercatat sebesar    PK production was recorded at 375.64 thousand
375,64 ribu ton, atau 8,4% di bawah target, sejalan    tons, 8.4% below the target, align with the impact
dengan dampak perubahan iklim dan kondisi cuaca        of climate change and unpredictable weather
yang tidak menentu sepanjang tahun.                    conditions throughout the year.

Di sisi lain, operasional CPKO dan PKE yang dimulai    Meanwhile, the CPKO and PKE operations, which
sejak akhir kuartal pertama 2024 telah berjalan        initiated at the end of the first quarter of 2024
optimal, mencerminkan komitmen Perseroan dalam         is running optimally, reflecting the Company’s
strategi diversifikasi produk. Hingga akhir tahun,     commitment in its product diversification strategy.
volume produksi mencapai 5,26 ribu ton untuk CPKO      By end of the year, production volume reached
dan 6,86 ribu ton untuk PKE, menandai pencapaian       5.26 thousand tons for CPKO and 6.86 thousand
penting dalam memperluas portofolio bisnis dan         tons for PKE, marking an important milestone in the
meningkatkan nilai tambah bagi Perseroan.              expansion of the business portfolio and enhancing
                                                       the Company’s added value.

Dari sisi finansial, Perseroan mencatatkan kenaikan    In terms of financial, the Company recorded a
pendapatan hingga 5,1% menjadi Rp4,21 triliun          5.1% revenue growth, amounted to Rp4.21 trillion
dibandingkan dengan tahun 2023. Peningkatan            compared to 2023. This growth was due to higher
ini didorong oleh naiknya harga jual rata-rata         average selling prices for CPO and PK for the year.
CPO dan PK selama tahun berjalan. Peningkatan          Another growth is also visible in the EBITDA, by
juga tergambarkan pada capaian EBITDA yang             recording a positive growth of 42.3%, amounted
mengalami pertumbuhan positif sebesar 42,3%            to Rp1.39 trillion, or 39.7% higher than the target.
menjadi Rp1,39 triliun atau 39,7% lebih tinggi dari    Thus, the Company achieved a 82.7% growth in
target. Dengan demikian, Perseroan berhasil            the net profit, amounted to Rp825.59 billion, far
mencatatkan pertumbuhan laba bersih sebesar            beyond the established target of 51.4%. This success




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82,7% menjadi Rp825,59 miliar, jauh melampaui          in growing the net profit demonstrates the
target yang ditetapkan sebesar 51,4%. Keberhasilan     effectiveness of operational management as well as
peningkatan laba bersih ini mencerminkan efektivitas   the success of cost-efficiency strategies, successfully
dalam pengelolaan operasional serta keberhasilan       generated 9.7% cost reduction.
strategi efisiensi yang mampu menekan biaya
hingga 9,7%.

Pencapaian positif ini menunjukkan bahwa langkah       The positive achievements showcases how
strategis Perseroan dalam meningkatkan efisiensi       strategic measures implemented by the Company
operasional, memanfaatkan teknologi modern, serta      to boost operational efficiency, by utilizing
memperluas diversifikasi produk telah membuahkan       modern technologies, and expanding the product
hasil. Dengan komitmen yang kuat terhadap prinsip      diversification have bear fruits. With a strong
keberlanjutan dan ekonomi sirkular, Perseroan          commitment to the sustainability principles and
optimis untuk terus mencapai kinerja yang solid        circular economy, the Company remains optimistic
dan memberikan nilai bagi seluruh pemangku             to achieve solid performances and providing value
kepentingan.                                           for all of the stakeholders.



Keberlanjutan Sosial dan Lingkungan                    Social and Environmental Sustainability

Sejalan dengan capaian kinerja operasional dan         In parallel with the achievement of operational
finansial, capaian kinerja keberlanjutan Perseroan     and financial performances, the Company’s
juga terus menunjukkan perkembangan yang positif.      sustainability performance also continues to show
Sebagai bagian dari komitmen untuk menciptakan         positive development. As a part of its commitment
pertumbuhan yang berkelanjutan, Perseroan terus        to create sustainable growth, the Company keeps
mengembangkan berbagai inisiatif yang berfokus         on developing various initiatives that centered on
pada efisiensi biaya produksi dan penguatan            production cost efficiency and sustainability aspect
aspek keberlanjutan. Pencapaian ini diwujudkan         enforcement. These achievements are realized
melalui penurunan biaya produksi dan penyusunan        through the reduction of production costs and
roadmap Environmental, Social, and Governance          preparing the Environmental, Social, and Governance
(ESG) sebagai panduan strategis jangka panjang         (ESG) roadmap as a long-term strategic guideline to
untuk menciptakan nilai berkelanjutan bagi seluruh     generate sustainable value for all of the stakeholders.
pemangku kepentingan.

Salah satu langkah penting dalam strategi              One important step in the Company’s sustainability
keberlanjutan        Perseroan    adalah   integrasi   strategy is the integration of circular economy
pendekatan ekonomi sirkular melalui pengolahan         approach by processing waste into renewable
limbah menjadi energi terbarukan. Dalam hal ini,       energy. In this case, the BPP operation has played
operasional BPP telah memainkan peran strategis        a strategic role in supporting the efforts of waste
dalam mendukung pengurangan limbah, efisiensi          reduction, energy efficiency, as well as optimum
energi, serta pemanfaatan sumber daya secara           utilization of the resources. Not only do these
optimal. Inisiatif ini tidak hanya mendukung upaya     initiatives support Company’s efforts in reducing the
Perseroan dalam mengurangi dampak lingkungan,          environmental impact but they also aligns with the
tetapi juga sejalan dengan tema keberlanjutan          sustainability theme, established as key priority in
yang menjadi prioritas utama dalam strategi bisnis     the Company’s business strategy.
perusahaan.

Dengan langkah-langkah strategis ini, Perseroan        With these strategic measures, the Company is
berkomitmen untuk menjalankan bisnis yang              committed to carry out a responsible business that
bertanggung jawab terhadap lingkungan dan              is responsible both toward the environment and
masyarakat, serta menciptakan keseimbangan             society, as well as creating a balance between
antara pertumbuhan ekonomi dan pelestarian             economic growth and environmental preservation.
lingkungan. Perseroan optimis bahwa inisiatif          The Company is confident these sustainability
keberlanjutan ini akan mendukung visi jangka           initiatives will support its long-term vision in
panjang      untuk    mencapai        pertumbuhan      achieving valuable sustainable growth for all of the
berkelanjutan yang bernilai bagi seluruh pemangku      stakeholders.
kepentingan.


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Prospek Usaha                                           Business Prospects

Dengan stabilnya permintaan minyak sawit sebagai        With the global demand for palm oil as the most
minyak nabati yang paling banyak digunakan              vastly used vegetable oil now stable, as well as
secara global serta proyeksi penguatan ekonomi          the projected strengthening of global economy,
global, Perseroan memandang bahwa prospek               the Company views the future business prospects
usaha ke depan tetap positif. Permintaan yang           remains positive. The stable demand, coupled with
stabil ini, ditambah dengan kemampuan industri          the capability of the industry in adapting to global
dalam beradaptasi terhadap tantangan global,            challenges, resulted in opportunities for the Company
memberikan peluang bagi Perseroan untuk terus           to continue thriving and creating added value for the
berkembang dan menciptakan nilai tambah bagi            stakeholders.
pemangku kepentingan.

Beberapa faktor utama yang mendukung optimisme          Some of the key factors fueling the optimism include
ini adalah peningkatan produktivitas, efisiensi         increased productivity, operational efficiency,
operasional, diversifikasi produk, pengembangan         diversification of products, development of plantation
teknologi perkebunan, serta penerapan prinsip           technologies, and the maturing implementation
keberlanjutan yang semakin matang. Selain itu,          of sustainability principles. In addition, circular
strategi berbasis ekonomi sirkular yang dijalankan      economy-based strategy applied by the Company
Perseroan memberikan peluang besar untuk                also presents huge opportunities to achieve
mencapai keberlanjutan jangka panjang. Di sisi          long-term sustainability. On the other hand, prices
lain, harga CPO dan produk turunan lainnya tetap        of CPO and its other derivatives remain a crucial
menjadi salah satu faktor penting dalam menjaga         factor in maintaining a stable and sound business
prospek usaha yang stabil dan sehat.                    prospects.

Untuk memaksimalkan peluang ini, Perseroan telah        The Company has prepared some of the following
menyusun kebijakan-kebijakan strategis, antara lain:    strategic policies to capitalize on these opportunities:
1. Memperkuat kapasitas operasional KCP dan             1. Strengthening the operational capacity of KCP
   BPP dengan menambah unit produksi pada                   and BPP by adding production units on other
   Entitas Anak Perseroan yang lain dalam rangka            Subsidiaries owned by the Company, to support
   mendukung penerapan ekonomi sirkular melalui             circular economy implementation by converting
   pemanfaatan limbah menjadi energi terbarukan             waste into renewable energy and derivative
   dan produk turunan bernilai tambah;                      products with value-added;
2. Mengembangkan produk turunan dengan nilai            2. Developing derivative products with higher
   tambah lebih tinggi sebagai bagian dari strategi         added value as part of the diversification strategy
   diversifikasi guna meningkatkan daya saing               to improve Company’s competitiveness;
   Perseroan;
3. Melanjutkan     investasi    dalam      teknologi    3. Continue investing in sustainable technologies
   keberlanjutan sebagai langkah proaktif dalam            as proactive measures in improving operational
   meningkatkan efisiensi operasional, produktivitas,      efficiency, productivity, and the mitigating
   serta memitigasi dampak lingkungan. Investasi           environmental impacts. The investment made
   ini mencakup penerapan teknologi modern yang            includes the adoption of modern technologies
   mampu mendukung operasional secara lebih                capable of supporting more environmentally
   ramah lingkungan dan berkelanjutan;                     friendly and sustainable operations;
4. Mengembangkan         lahan    forestry    untuk     4. Developing forestry land in support of the
   mendukung program carbon credit rating,                 carbon credit rating program, aimed to add
   yang bertujuan menambah nilai keberlanjutan             the Company’s sustainability value while also
   Perseroan     sekaligus   berkontribusi     pada        contributing to climate change mitigation.
   mitigasi perubahan iklim. Upaya ini diikuti             This effort is coupled with the development of
   dengan pengembangan lahan tertanam untuk                planted areas to support the production of mature
   mendukung produksi tanaman menghasilkan,                plants, thus ensuring improvement of production
   yang akan memastikan peningkatan volume                 volume growth in a sustainable manner, in
   produksi secara berkelanjutan sesuai dengan             line with the palm oil business development
   rencana pengembangan bisnis kelapa sawit.               plan. Using an agronomy-based approach, the
   Melalui pendekatan berbasis rekomendasi                 Company focuses on improving production
   agronomi, Perseroan fokus pada peningkatan              on the potential lands to optimize FFB productivity,




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   produksi lahan potensial guna mengoptimalkan               reduce yield gap, as well as minimizing minimize
   produktivitas TBS, menurunkan yield gap, serta             plantation losses; and
   meminimalkan losses kebun; dan
5. Meningkatkan       sinergi    Perseroan melalui         5. Improving    the    Company’s     synergies   by
   penguatan struktur organisasi, pengelolaan                 strengthening     the   organization   structure,
   kinerja individu, serta implementasi nilai-nilai           managing      individual   performance,      and
   TELADAN yang menjadi dasar dalam mendorong                 implementing the TELADAN values, as the
   terciptanya budaya kolaborasi yang proaktif dan            foundation to cultivate a proactive and
   produktif di seluruh lini organisasi.                      productive collaboration culture on all levels of
                                                              the organization.

Dengan      langkah-langkah      strategis     tersebut,   With the implementation of these strategic steps,
Perseroan      optimis   mampu          memanfaatkan       the Company is confident to utilize positive momentum
momentum positif di industri kelapa sawit serta            in palm oil industry as well as strengthening its
memperkuat posisinya sebagai perusahaan yang               position as a company committed to sustainability
berkomitmen terhadap prinsip keberlanjutan. Sinergi        principles. Synergies from operational efficiency,
antara efisiensi operasional, diversifikasi produk, dan    diversification of products, and strengthening of the
penguatan ekonomi sirkular menjadi fondasi kokoh           circular economy lay as a strong foundation for the
bagi pertumbuhan usaha Perseroan dalam jangka              long-term business growth of the Company.
panjang.



Penerapan Tata Kelola Perusahaan                           Implementation of Corporate
                                                           Governance

Perseroan     senantiasa      berkomitmen    untuk         The Company remains committed in implementing
melaksanakan       prinsip-prinsip   GCG    secara         the GCG principles consistently as part of its efforts to
konsisten sebagai upaya mendukung efisiensi dan            support the operational efficiency and transparency.
transparansi operasional. Prinsip-prinsip GCG yang         The GCG principles implemented not only ensure the
diterapkan tidak hanya memastikan pengelolaan              smooth running of Company management, but also
Perseroan berjalan dengan baik, tetapi juga                build stakeholder trust in the Company’s integrity.
membangun kepercayaan pemangku kepentingan                 In an effort of ensuring optimum compliance and
terhadap integritas Perseroan. Dalam rangka                risk management, the Company has strengthened
memastikan kepatuhan dan pengelolaan risiko                its internal audit system. The audit is performed
yang optimal, Perseroan memperkuat sistem audit            thoroughly to monitor and evaluate the operational
internal. Audit ini dilakukan secara menyeluruh            compliance against Company policies, as well as
untuk memantau dan mengevaluasi kepatuhan                  identifying and managing risk potentials in a precise
operasional terhadap kebijakan Perseroan, sekaligus        and effective manner.
mengidentifikasi dan mengelola potensi risiko
secara tepat dan efektif.

Sejalan dengan itu, Perseroan juga terus berupaya          In supporting the aforementioned, the Company
meningkatkan pemahaman karyawan terkait                    constantly     striving  to     improve  employees’
penerapan GCG secara berkesinambungan. Terkait             understanding related to GCG implementation on
dengan hal ini, Perseroan telah menyelenggarakan           an ongoing basis. In relation, the Company has been
pelatihan berkala serta program seminar, webinar,          conducting regular trainings, seminars, webinars,
serta sosialisasi anti-korupsi dan anti-penyuapan.         and anti-corruption and anti-bribery disseminations.
Kegiatan ini telah diikuti oleh seluruh insan Perseroan    These activities were attended by all Company
sebagai upaya membangun budaya kerja yang                  personnel as an effort to nurture a work culture of
berintegritas, transparan, dan profesional di seluruh      integrity, transparent, and professional across the
lini organisasi.                                           organization.

Kualitas pengawasan operasional Perseroan juga             In addition, the Company constantly improving the
terus ditingkatkan melalui penguatan sistem TPTS           quality of its operational supervision by strengthening
dan TGM. Penggunaan teknologi ini memastikan               both of its TPTS and TGM systems. These technologies
transparansi data, akurasi dalam pengambilan               are used to ensure data transparency, accuracy in




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keputusan, serta efisiensi operasional yang              decision-making, as well as operational efficiency
mendukung tata kelola yang lebih baik. Selain itu,       to support better governance. Also, to ensure that
untuk memastikan tata kelola Perseroan selaras           the Company’s governance is in line with the best
dengan praktik terbaik di industri perkebunan kelapa     practices in sustainable palm oil industry, the
sawit berkelanjutan, Perseroan menjalin kerja sama       Company has been collaborating with external
dengan konsultan eksternal. Kolaborasi ini bertujuan     consultants. The collaborations aimed to design
untuk merancang strategi inisiatif keberlanjutan         a measurable sustainability initiatives, ensure
yang terukur, memastikan operasional bisnis yang         responsible business operations, and enhance the
bertanggung jawab, serta meningkatkan daya saing         Company’s competitiveness to face the demands of
Perseroan di tengah tuntutan bisnis modern.              modern business.

Dengan penerapan prinsip GCG yang kokoh,                 With robust implementation of GCG principles,
penguatan sistem internal, dan dukungan teknologi        internal system strengthening, and modern
modern, Perseroan optimis dapat mencapai                 technology support, the Company is confident
pengelolaan usaha yang lebih transparan,                 to achieve more transparent, accountable, and
akuntabel, dan berkelanjutan, sekaligus memberikan       sustainable business management, while providing
nilai tambah bagi seluruh pemangku kepentingan.          added value for all of the stakeholders.



Penutup                                                  Closing

Sebagai penutup, kami mengucapkan terima kasih           As a closing remark, we would like to extend our
yang sebesar-besarnya kepada seluruh pemangku            deepest gratitude to all of the stakeholders for the
kepentingan atas kepercayaan, dukungan, dan              trust, support, and collaboration provided throughout
kolaborasi yang telah diberikan sepanjang tahun          2024. We owe all to the hard work and synergy of our
2024. Berkat kerja keras dan sinergi Pemegang            Shareholders, Board of Commissioners, employees,
Saham, Dewan Komisaris, karyawan, mitra usaha,           business partners, as well as other stakeholders, for
serta pemangku kepentingan lainnya, Perseroan            enabling the Company to successfully navigated the
mampu melalui tantangan dengan baik dan                  challenges and recorded remarkable milestones.
mencatatkan pencapaian yang membanggakan.                This success is not only reflected on positive
Keberhasilan ini tidak hanya tercermin dari kinerja      operational and financial performances but also in
operasional dan finansial yang positif, tetapi juga      real measures taken in implementing the circular
melalui langkah-langkah nyata dalam penerapan            economy principles, operational efficiency, and the
prinsip ekonomi sirkular, efisiensi operasional, dan     continuous strengthening of GCG.
penguatan GCG yang berkelanjutan.

Melangkah ke depan, kami berkomitmen untuk terus         Moving forward, we are committed to keep on
memperkuat strategi bisnis, berinvestasi dalam           strengthening the business strategy, investing in
teknologi keberlanjutan, serta menciptakan nilai         sustainable technologies, as well as creating greater
tambah yang lebih besar bagi seluruh pemangku            value for all of the stakeholders. We firmly believe
kepentingan. Kami optimis bahwa dengan fondasi           that, with strong foundation, constant innovation, and
yang kuat, inovasi yang berkelanjutan, dan budaya        proactive collaboration culture, the Company will
kolaborasi yang proaktif, Perseroan akan terus           continue to grow and providing positive contribution
tumbuh dan memberikan kontribusi positif bagi            to the economy, environment, and society.
ekonomi, lingkungan, dan masyarakat.


                          Atas nama Direksi / On behalf of the Board of Directors of
                                       PT Teladan Prima Agro Tbk




                                            Wishnu Wardhana
                                               Direktur Utama
                                              President Director




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PROFIL
PERUSAHAAN
     Company Profile




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RIWAYAT SINGKAT
  Brief History

D   imulainya PT Teladan Prima Agro Tbk
    diawali dari pendirian PT Sandaran
Prima Sawit pada tanggal 10 Mei 2004
                                             Dengan semangat untuk menjadi besar dan kompeten,
                                             Perseroan terus memperluas kegiatan usahanya sesuai
                                             dengan Visi Perusahaan, yaitu menjadi perusahaan agribisnis
dengan menjalankan aktivitas bisnis          berkelas dunia. Hal ini dilakukan dengan memaksimalkan
penanaman dan pemrosesan kelapa              penggunaan lahan, mengelola operasional secara efisien,
sawit. Seiring dengan berjalannya waktu,     serta menerapkan teknologi yang berkelanjutan. Sebagai
                                             bagian dari rencana pengembangan usaha yang berkelanjutan,
Pemegang Saham melihat peluang
                                             Perseroan melaksanakan penawaran umum perdana saham
besar dalam bisnis perkebunan kelapa
                                             (initial public offering/IPO) pada tanggal 12 April 2022. Langkah
sawit,    yang   mendorong      terjadinya
                                             strategis ini mencerminkan komitmen Perseroan untuk
penggabungan usaha dari 2 perusahaan.        memperkuat posisi di pasar, meskipun di tengah fluktuasi
PT Sandaran Prima Sawit bergabung            ekonomi yang terus berlangsung.
dengan PT Teladan Agro Resources pada
tanggal 25 Mei 2012, serta diikuti dengan    Di sisi internal, Perseroan terus meningkatkan kompetensi
perubahan nama dari sebelumnya               setiap organ perusahaan sesuai dengan tugas dan tanggung
PT Sandaran Prima Sawit menjadi              jawabnya. Selain itu, secara rutin mempertahankan sertifikasi
PT Teladan Prima Agro pada tanggal           Indonesian Sustainable Palm Oil (ISPO) sebagai bentuk
23 Juli 2012.                                komitmen terhadap praktik operasional yang bertanggung
                                             jawab, serta peraturan dan ketentuan yang berlaku di Indonesia.

T  he journey of PT Teladan Prima Agro Tbk
   began with the establishment of
PT Sandaran Prima Sawit on 10 May 2004,
                                             Perseroan juga konsisten dalam meningkatkan kerja sama
                                             dengan 9 Entitas Anak melalui pengembangan sistem dan
                                             teknologi terpadu.
focusing on palm oil cultivation and
processing. Over time, the Shareholders      Selain itu, sepanjang tahun 2024, Perseroan terus memperkuat
recognized     significant   opportunities   komitmen      keberlanjutan  dengan     menerapkan    inisiatif
in the palm oil plantation business,         ekonomi sirkular yang secara langsung juga turut membantu
leading to the merger of two companies.      mengurangi dampak iklim melalui berbagai program strategis.
PT Sandaran Prima Sawit merged with          Salah satu langkah nyata adalah pengolahan limbah sawit
                                             menjadi sumber energi terbarukan, yang mendukung efisiensi
PT Teladan Agro Resources on 25 May
                                             sumber daya dan perlindungan lingkungan, serta penggunaan
2012, followed by a name change to
                                             kembali limbah menjadi solusi pemupukan bagi kebun-kebun
PT Teladan Prima Agro on 23 July 2012.       Perseroan.

                                             Driven by the spirit to grow and excel, the Company continues to
                                             expand its business activities in alignment with the Company’s
                                             Vision to become a world-class agribusiness enterprise.
                                             This is achieved by optimizing land use, managing operations
                                             efficiently, and adopting sustainable technologies. As part of its
                                             continuous business development plan, the Company held an
                                             initial public offering (IPO) on 12 April 2022. This strategic move
                                             reflects the Company’s commitment to strengthening its market
                                             position, despite ongoing economic fluctuations.

                                             On the internal side, the Company continuously enhances
                                             the competencies of each corporate entity in line with their
                                             respective duties and responsibilities. In addition, the Company
                                             consistently maintains its Indonesian Sustainable Palm Oil (ISPO)
                                             certification, demonstrating its commitment to responsible
                                             operational practices and compliance with applicable
                                             regulations in Indonesia. The Company also consistently
                                             strengthens collaboration with its 9 subsidiaries through the
                                             development of integrated systems and technology.

                                             In addition, throughout 2024, the Company reinforced its
                                             sustainability commitment by implementing circular economy
                                             initiatives that directly contribute to climate impact reduction
                                             through various strategic programs. A tangible example is the
                                             processing of palm oil waste into renewable energy sources,
                                             which supports resource efficiency and environmental protection,
                                             while reusing waste into fertilizers for the Company’s plantations.

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VISI, MISI, DAN BUDAYA PERUSAHAAN
Company Vision, Mission, and Culture




              VISI Vision


              Menjadi perusahaan agribisnis berkelas dunia.
                        To be a world-class agribusiness company.




                                                        Review Visi dan Misi oleh

              MISI Mission                              Dewan Komisaris dan Direksi
                                                        Review of the Company’s Vision and
                                                        Mission by the Board of Commissioners
                                                        and Board of Directors
Membangun perusahaan agribisnis yang
memberikan kualitas terbaik dan nilai                   Pada tahun 2024, Dewan Komisaris dan Direksi telah
                                                        me-review Visi dan Misi Perseroan sesuai dengan
tinggi melalui inovasi serta berkomitmen
                                                        kondisi bisnis terkini. Hasil review menunjukkan
terhadap seluruh pemangku kepentingan                   bahwa visi dan misi tersebut masih relevan dan
dan lingkungan secara berkelanjutan.                    tidak dilakukan perubahan atau penambahan.
To build an agribusiness company that provides the      In 2024, the Board of Commissioners and the
best quality and high values through innovations        Board of Directors reviewed the Company’s Vision
and is committed to all stakeholders and the            and Mission in line with the current business
environment in a sustainable manner.                    environment. The review confirmed that the
                                                        Company’s vision and mission remain relevant,
                                                        with no changes or additions required.




              BUDAYA PERUSAHAAN Company Culture
              Perseroan mengimplementasikan Budaya Perusahaan sebagai upaya untuk meningkatkan
              keterlibatan karyawan, produktivitas, dan kepuasan kerja di lingkungan kerja Perseroan.
              Penerapan budaya tersebut dilakukan terus-menerus dalam seluruh kegiatan internal Perseroan.
              The Company implements its Corporate Culture as an effort to enhance employee engagement,
              productivity, and job satisfaction within the Company’s work environment. This culture is
              continuously reinforced through all internal activities across the Company.




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NILAI-NILAI PERUSAHAAN
Corporate Values




                                      T                              E                              L
                                TANGGUH                           EMPATI                        LOYAL
                                  Resilient                      Empathy                         Loyal
                            Sikap yang menunjukkan           Sikap seseorang untuk           Setia dan bangga
                              kekuatan, keandalan,           menghormati (respek),           menjadi insan TPA
                                   ketabahan,                memahami perasaan,           dengan berkomitmen
                              profesionalisme, dan         kebutuhan, keinginan, dan           memberikan
                            semangat juang pantang          masalah orang lain serta       dedikasi terbaik serta
                                menyerah dalam                kondisi lingkungan di          mengedepankan
                               menghadapi segala            sekitarnya dalam upaya             kepentingan
                             kondisi dan tantangan           membangun/menjaga              perusahaan melalui
                                untuk mencapai             hubungan yang harmonis         sinergi, kolaborasi, dan
                                  keberhasilan.            dengan mengedepankan          semangat kekeluargaan.
                                                               rasa kemanusiaan.
                                     An attitude                Showing respect,             Loyal and proud to
                             demonstrating strength,           understanding the             be a TPA employee,
                                reliability, resilience,    feelings, needs, desires,     committed to providing
                               professionalism, and         and issues of others, as      the best dedication and
                              an unwavering fighting       well as the environmental     prioritizing the company’s
                              spirit in confronting all    conditions around them,       interests through synergy,
                            situations and challenges             in an effort to        collaboration, and a spirit
                                to achieve success.              build/maintain                     of unity.
                                                           harmonious relationships
                                                            by prioritizing a sense of
                                                                    humanity.


                                                           •   Respek
                            • Percaya Diri                 •   Peduli                    • Dedikasi
           Perilaku         • Gigih                        •   Harmonis                  • Kerja Sama
             Kunci          • Profesional                  •   Humanis                   • Kekeluargaan
                            • Confident                    •   Respect                   • Dedication
              Core          • Persistent                   •   Caring                    • Collaboration
           Conduct          • Professional                 •   Harmonious                • Kinship
                                                           •   Humanist




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                                                                                       Profil Perusahaan / Company Profile




         A                             D                               A                                  N
   AMANAH                         DISIPLIN                         ADAPTIF                          KOMPETEN
Trustworthiness                   Discipline                       Adaptive                         Competent
  Bertanggung jawab            Komitmen melakukan                 Mengantisipasi dan              Kapabilitas/kecakapan
penuh atas kepercayaan         segala sesuatu sesuai            mengelola perubahan               untuk melakukan suatu
   yang diberikan oleh        dengan aturan/prosedur              secara proaktif dan                pekerjaan dengan
  perusahaan dengan              dan norma-norma                   bijaksana melalui                 baik berdasarkan
 senantiasa melakukan           sosial yang berlaku             kreativitas dan inovasi                pengetahuan,
  yang terbaik dengan          serta mampu menjadi               secara berkelanjutan                keterampilan dan
keyakinan (spiritualitas)      panutan (role model).             yang dapat menjadi               sikap, serta senantiasa
   dan integritas yang                                          solusi jangka panjang.           semangat dalam belajar
          tinggi.                                                                                  untuk menjadi pribadi
                                                                                                       yang unggul.


 Taking full responsibility        Commitment to                  Anticipating and                The ability to perform a
for the trust given by the     carrying out everything        proactively managing                 task effectively based
company by consistently          in accordance with          changes wisely through                 on knowledge, skills,
  giving one’s best with              applicable             sustained creativity and                and attitude, while
 confidence (spirituality)      rules/procedures and        innovation that can serve            maintaining a continuous
    and high integrity.        social norms, while also       as long-term solutions.            learning spirit to become
                              being able to serve as an                                          an outstanding individual.
                                exemplary role model.




                                                            •   Proaktif                         • Semangat Belajar
• Bertanggung Jawab           • Komitmen                    •   Kreatif dan Inovatif             • Unggul
• Bertakwa                    • Taat Aturan/Patuh           •   Bijaksana                        • Berorientasi pada
• Integritas                  • Tegas                       •   Solutif                            Proses dan Hasil
• Responsible                 • Commitment                  •   Proactive                        • Spirit of Learning
• Fear of God                 • Adhere to the regulations   •   Creative and Innovative          • Excellence
• Integrity                   • Assertive                   •   Wise                             • Process and Result
                                                            •   Solutive                           Oriented




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BIDANG USAHA
     Line of Business


Bidang usaha yang dijalankan oleh Perseroan             The business activities conducted by the Company
merujuk pada Pasal 3 Anggaran Dasar, yaitu              refer to Article 3 of its Articles of Association,
menjalankan usaha terkait aktivitas kantor pusat,       which include running businesses related to
aktivitas perusahaan holding, aktivitas konsultasi      head office activities, holding company activities,
manajemen lainnya, serta perdagangan besar.             other management consulting activities, as well
Berikut uraian mengenai bidang usaha Perseroan.         as wholesale trade. Below is a description of the
                                                        Company’s business areas.


Kegiatan Usaha Utama                                    Main Business Activities

1. Aktivitas kantor pusat dengan kegiatan utama         1. Head office activities where the main activities
   mencakup pengawasan dan pengelolaan                     include supervising and management of other
   unit-unit lain dari perusahaan atau enterprise,         units of the company or enterprise, creating
   pengusahaan strategi atau perencanaan                   strategies or organizational plans, and making
   organisasi, dan pembuatan keputusan dari                decisions from the company’s or enterprise’s
   peraturan perusahaan atau enterprise;                   regulations;
2. Aktivitas perusahaan holding di mana kegiatan        2. Holding company activities where the main
   utama adalah kepemilikan dan/atau penguasaan            activity is to own and/or authorize assets from a
   aset dari sekelompok perusahaan subsidiari;             group of subsidiary companies;
3. Aktivitas konsultasi manajemen lainnya di mana       3. Other consulting management activities where
   kegiatan utama adalah memberikan bantuan                the main activities include providing advice,
   nasihat, bimbingan, dan operasional usaha,              guidance, and business operations, as well as
   serta permasalahan organisasi dan manajemen             other organizational and management issues,
   lainnya, seperti perencanaan strategi dan               such as strategy and organization planning,
   organisasi,    keputusan     berkaitan  dengan          decisions relating to finance, marketing objective
   keuangan, tujuan dan kebijakan pemasaran,               and policies, planning, human resources practice
   perencanaan, praktik dan kebijakan sumber               and policies, production schedule, and control
   daya manusia, perencanaan penjadwalan, dan              planning; and
   pengontrolan produksi; serta
4. Perdagangan besar atas dasar balas jasa (fee)        4. Wholesale based on fee or contract.
   atau kontrak.


Kegiatan Usaha Penunjang                                Supporting Business Activities

1. Pengawasan       dan      pengelolaan    unit-unit   1.   Supervision and management of other units of
   perusahaan      yang     lain  atau    enterprise,        the company or enterprise; creating strategies or
   pengusahaan strategi atau perencanaan                     organizational plans and making decisions from
   organisasi dan pembuatan keputusan dari                   the company’s or enterprise’s regulations. Units
   peraturan perusahaan atau enterprise. Unit-unit           within this group conduct operational control of
   dalam kelompok ini melakukan kontrol operasi              implementation and managing operations of
   pelaksanaan dan mengelola operasi unit-unit               related units. Activities included within this group
   yang berhubungan. Kegiatan yang termasuk                  are head office, main administrations office,
   dalam kelompok ini antara lain kantor pusat,              incorporated offices, district and regional offices,
   kantor administrasi pusat, kantor yang berbadan           and branch management office;
   hukum, kantor distrik, kantor wilayah, dan kantor
   manajemen cabang;
2. Penasihat     (counsellors)     dan     perunding    2. Counsellors and negotiators in planning company
   (negotiators) dalam merancang merger dan                mergers and acquisitions;
   akuisisi perusahaan;
3. Memberikan bantuan nasihat, bimbingan,               3. Providing advice, guidance, and operations
   dan operasional berbagai fungsi manajemen,              for various management functions, consulting




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   konsultasi manajemen oleh agronomist dan                 management by agronomist and agricultural
   agricultural economics pada bidang pertanian             economist in the farming field and other similar
   dan sejenisnya, rancangan dari metode dan                fields, planning from accounting method and
   prosedur akuntansi, program akuntansi biaya,             procedure, cost accounting program, budget
   prosedur pengawasan anggaran belanja,                    supervision procedure, providing advice and
   pemberian       nasihat dan    bantuan      untuk        assistance to businesses and public services in
   usaha dan pelayanan masyarakat dalam                     planning, organizing, efficiency and supervision,
   perencanaan, pengorganisasian, efisiensi dan             management information and others, including
   pengawasan, informasi manajemen dan lain-                infrastructure investment study services; and
   lain, termasuk jasa pelayanan studi investasi
   infrastruktur; serta
4. Bertindak sebagai agen komisi, broker barang          4. Acting as a commission agent, broker of goods
   dan seluruh perdagangan besar lainnya yang               and all other wholesale selling on behalf of
   menjual atas nama dan tanggungan pihak lain,             other dependent parties; activities relating to
   kegiatan yang terlibat dalam penjualan dan               collective selling and buying or conducting
   pembelian bersama atau melakukan transaksi               transactions on behalf of the company, including
   atas nama perusahaan, termasuk melalui                   through the internet; and agents that are related
   internet, dan agen yang terlibat dalam                   to trade such as farming materials, livestock;
   perdagangan seperti bahan baku pertanian,                textile materials and half-finished goods; fuel,
   binatang hidup, bahan baku tekstil dan barang            seeds, metal and chemical industries, including
   setengah jadi, bahan bakar, bijih-bijihan, logam         fertilizers; food, beverages, and tobacco; textiles,
   dan industri kimia, termasuk pupuk, makanan,             clothing, fur, shoes and leather goods; wood and
   minuman dan tembakau, tekstil, pakaian, bulu,            building materials; machinery, including office
   alas kaki dan barang dari kulit; kayu-kayuan             and computer machines, industrial supplies,
   dan bahan bangunan, mesin, termasuk mesin                ships, aircrafts; furniture, household supplies and
   kantor dan komputer, perlengkapan industri,              hardware; wholesale trade auction activities;
   kapal, pesawat, furnitur, barang keperluan               commission agents of radioactive substance
   rumah tangga dan perangkat keras, kegiatan               and ionizing radiation plants, including organizers
   perdagangan besar rumah pelelangan, agen                 of commodity auction markets.
   komisi zat radioaktif, dan pembangkit radiasi
   pengion, termasuk penyelenggara pasar lelang
   komoditas.

Perseroan saat ini hanya menjalankan aktivitas           The Company currently only conducts holding
perusahaan      holding,    sementara      aktivitas     company activities, while plantation and palm
perkebunan     dan    pengolahan     kelapa   sawit      oil processing activities are carried out by its
dijalankan oleh Entitas Anak sesuai ketentuan yang       subsidiaries in accordance with applicable
berlaku.                                                 regulations.



PRODUK DAN JASA
  Products and Services

Minyak Sawit Mentah (CPO), Inti Sawit (PK), Minyak       Crude Palm Oil (CPO), Palm Kernel (PK), Crude Palm
Inti Kelapa Sawit Mentah (CPKO), Bungkil Kelapa          Kernel Oil (CPKO), Palm Kernel Expeller (PKE), and
Sawit (PKE), dan Energi Terbarukan dari Limbah           Renewable Energy from Palm Oil Waste.
Minyak Sawit.



Minyak Kelapa Sawit                                      Palm Oil

Perseroan membudidayakan tandan buah segar               The Company cultivates fresh fruit bunches (FFB)
(TBS) dari perkebunan kelapa sawit yang dimiliki,        from its owned palm oil plantations, which are then
yang kemudian diolah menjadi minyak sawit mentah,        processed into crude palm oil, palm kernel, and
inti sawit, dan minyak inti sawit. Saat ini, Perseroan   palm kernel oil. Currently, the Company operates 6
memiliki 6 area perkebunan kelapa sawit yang             integrated palm oil plantation areas across 4 districts
terintegrasi di 4 kabupaten di Kalimantan Timur.         in East Kalimantan.




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                     Wilayah Berau                                                   Wilayah Kutai Timur
                     Berau Region                                                     East Kutai Region

Perseroan memiliki perkebunan kelapa sawit di Kabupaten        Perseroan juga mengelola perkebunan kelapa sawit di Kabupaten
Berau, Kalimantan Timur, seluas 12.516 Ha. Perkebunan ini      Kutai Timur, Kalimantan Timur, seluas 35.382 Ha, yang dibagi menjadi
dikelola oleh Entitas Anak Perseroan, yaitu PT Tanjung Buyu    2 area, yakni Kutai Timur I dan II. Kedua area ini berada di bawah
Perkasa Plantation (TBPP) dan PT Inti Energi Kaltim (INK).     wewenang operasional Entitas Anak Perseroan, yaitu PT Telen (TLN),
                                                               PT Sawit Prima Nusantara (SPN), PT Telen Prima Sawit (TPS), dan
                                                               PT Gemilang Sejahtera Abadi (GSA).
The Company owns palm oil plantations in Berau                 The Company also manages palm oil plantations in East Kutai
Regency, East Kalimantan, covering an area of 12,516 Ha.       Regency, East Kalimantan, covering an area of 35,382 Ha, which is
These plantations are managed by the Company’s                 divided into two areas, namely East Kutai I and II. These areas fall
subsidiaries, PT Tanjung Buyu Perkasa Plantation (TBPP) and    under the operational authority of the Company’s subsidiaries,
PT Inti Energi Kaltim (INK).                                   including PT Telen (TLN), PT Sawit Prima Nusantara (SPN), PT Telen
                                                               Prima Sawit (TPS), and PT Gemilang Sejahtera Abadi (GSA).

              Wilayah Kutai Kartanegara                                                 Wilayah Paser
              Kutai Kartanegara Region                                                  Paser Region

Di Kabupaten Kartanegara, Kalimantan Timur, Perseroan          Perseroan memiliki perkebunan kelapa sawit seluas 6.267 Ha di
memiliki wilayah operasional seluas 6.350 Ha, yang dikelola    Kabupaten Paser, Kalimantan Timur, yang dikelola oleh Entitas Anak,
oleh Entitas Anak, PT Cahaya Anugerah Plantation (CAP).        PT Multi Jayantara Abadi (MJA).
In Kutai Kartanegara Regency, East Kalimantan, the Company     The Company owns palm oil plantations covering 6,267 Ha in Paser
has an operational area of 6,350 Ha, which is managed by its   Regency, East Kalimantan, which are managed by its subsidiary,
subsidiary, PT Cahaya Anugerah Plantation (CAP).               PT Multi Jayantara Abadi (MJA).



Perkebunan kelapa sawit yang dikelola oleh                          The palm oil plantations managed by the Company
Perseroan tersebut memiliki total area tertanam                     have a total planted area of 60,515 hectares,
seluas 60.515 Ha, yang terdiri dari 48.542 Ha                       consisting of 48,542 hectares of core plantations and
perkebunan inti dan 11.973 Ha perkebunan plasma.                    11,973 hectares of plasma plantations.

Selain   itu,    Perseroan     dan    Entitas     Anak              In addition, the Company and its Subsidiaries operate
mengoperasikan 6 pabrik kelapa sawit (PKS) dengan                   6 palm oil mills (PKS) with a total production capacity
total kapasitas produksi sekitar 335 ton TBS per jam,               of approximately 335 tons of TBS per hour, 1 crude
1 pabrik pengolahan inti sawit mentah menjadi                       palm kernel oil to kernel oil processing plant, as well
minyak inti sawit, serta 18 tangki penyimpanan                      as 18 storage tanks with a total capacity of 43,500
dengan kapasitas total 43.500 ton, dilengkapi                       tons, equipped with 2 bulking facilities. These mills
dengan 2 fasilitas bulking. Pabrik-pabrik ini mengolah              process TBS into crude palm oil and palm kernel, and
TBS menjadi minyak sawit mentah dan inti sawit,                     are located in the plantation areas of the Subsidiaries.
dan tersebar di wilayah perkebunan Entitas Anak.


Minyak Inti Kelapa Sawit Mentah dan                                 Crude Palm Kernel Oil and
Bungkil Kelapa Sawit                                                Palm Kernel Expeller

Pada 5 November 2024, Perseroan, melalui Entitas                    On 5 November 2024, the Company, through its
Anak PT TPS, telah menyelesaikan pembangunan                        subsidiary PT TPS, completed the construction of a
kernel crushing plant (KCP) dengan kapasitas 100 ton                kernel crushing plant (KCP) with a capacity of 100
PK per hari. Pencapaian ini merupakan yang pertama                  tons PK per day. This achievement is the first for the
bagi Perseroan dan Entitas Anak, yang kini mampu                    Company and its Subsidiaries, which can now process
mengolah inti sawit menjadi crude palm kernel oil                   palm kernels into crude palm kernel oil (CPKO)
(CPKO) dan palm kernel expeller (PKE). Dengan                       and palm kernel expeller (PKE). This development
pencapaian ini, diharapkan dapat mendorong                          is expected to drive product diversification for the
diversifikasi produk Perseroan dan memberikan                       Company and directly contribute to its revenue.
kontribusi langsung terhadap pendapatan Perseroan.


Energi Terbarukan                                                   Renewable Energy

Kegiatan usaha energi terbarukan dijalankan melalui                 The renewable energy business is operated through
Entitas Anak, PT Daya Lestari (DL), memanfaatkan                    the Company’s Subsidiary, PT Daya Lestari (DL),
limbah cangkang dan fiber dari mesokarp sawit untuk                 utilizes palm kernel shells and fibers from the mesocarp
menghasilkan energi terbarukan berupa biomassa,                     of palm oil to generate renewable biomass energy
yang selanjutnya diproses untuk mendukung proses                    in the form of biomass, which is then processed to
produksi pabrik kelapa sawit dari beberapa Entitas                  support the production processes at the palm oil mills



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                                                                                Profil Perusahaan / Company Profile




                                                     WILAYAH USAHA DAN
Anak Perseroan. Sisa energi yang tidak digunakan
dari hasil pembakaran biomassa pada pabrik

                                                     OPERASIONAL
kelapa sawit, kemudian dijual ke PT Perusahaan
Listrik Negara (PLN) (Persero) sebagai tenaga
listrik lebih (excess power) untuk didistribusikan
kepada masyarakat di sekitar perkebunan di              Operational and
Kecamatan Talisayan, Kabupaten Berau, dan                Business Area
Kecamatan Karangan, Kabupaten Kutai Timur.

Di samping energi terbarukan biomassa yang           Wilayah     usaha    dan     operasional     Perseroan
telah dijalankan oleh PT DL dan Entitas Anak         terkonsentrasi secara strategis di Provinsi Kalimantan
Perseroan, pada 5 November 2024, Perseroan           Timur, yakni Kabupaten Berau, Kutai Timur, Paser, dan
telah meresmikan biogas power plant (BPP)            Kutai Kartanegara.
berkapasitas 1,2 MW melalui kerja sama strategis
antara 2 Entitas Anak Perseroan, yaitu PT DL dan
                                                     The Company’s business area and operations
PT TPS. BPP bekerja dengan memanfaatkan
                                                     are strategically focused in East Kalimantan
limbah palm oil mill effluent (POME) menjadi
                                                     Province, specifically in Berau, East Kutai, Paser, and
energi listrik hijau untuk mendukung dan sebagai
substitusi atas bahan bakar fosil yang menjadi       Kutai Kartanegara districts.
sumber energi primer pada KCP milik PT TPS.
Dengan pencapaian ini, Perseroan memasuki
tahapan baru dalam bisnis energi terbarukan                                            Provinsi Kalimantan Timur
yang mendukung transisi energi hijau di                                                East Kalimantan Province
Kabupaten Kutai Timur, Kalimantan Timur.

                                                     Kabupaten Kutai Kartanegara
Ke depan, Perseroan berencana membangun              Kutai Kartanegara Regency
pembangkit listrik tenaga biogas tambahan
                                                     6.350 Ha | 1 Pabrik / Mill
untuk menyediakan energi sekaligus mengurangi
ketergantungan pada bahan bakar fosil di                             PT Cahaya Anugerah
beberapa wilayah perkebunan. Langkah ini                             Plantation

bertujuan untuk mengurangi emisi karbon dan
meningkatkan efisiensi energi dalam operasional
sehari-hari.
                                                     Kabupaten Kutai Timur
                                                     East Kutai Regency
from several of the Company’s Subsidiaries. Any
excess of unused energy from the combustion of       35.383 Ha | 3 Pabrik / Mill,
biomass in palm oil mills is sold to PT Perusahaan               1 KCP, dan / and 1 BPP

Listrik Negara (PLN) (Persero) as excess power
for distribution to communities surrounding the                      PT Telen                                Samarinda
plantations in Talisayan District, Berau Regency,
and Karangan District, East Kutai Regency.                  PT Sawit Prima Nusantara                      Balikpapan


In addition to the biomass energy initiatives                        PT Telen Prima Sawit

undertaken by PT DL and the Company’s
Subsidiaries, on 5 November 2024, the Company               PT Gemilang sejahtera Abadi

inaugurated a 1.2 MW biogas power plant (BPP)
through a strategic collaboration between
two of its Subsidiaries, PT DL and PT TPS. The
BPP leverages palm oil mill effluent (POME) to       Kabupaten Paser
generate green electricity, providing energy         Paser Regency
support and substituting fossil fuels as the         6.267 Ha | 1 Pabrik / Mill
primary energy source in the KCP owned by PT
TPS. With this achievement, the Company enters                       PT Multi Jayantara Abadi
a new phase in the renewable energy business,
supporting the transition to green energy in East
                                                     Kabupaten Berau
Kutai Regency, East Kalimantan.                      Paser Berau

                                                     12.516 Ha | 1 Pabrik / Mill
In the future, the Company plans to build
additional biogas power plants to provide energy                     PT Tanjung Buyu Perkasa Plantation
while reducing dependence on fossil fuels in
several plantation areas. This initiative aims to           PT Inti Energi Kaltim
lower carbon emissions and improve energy
efficiency in daily operations.


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STRUKTUR ORGANISASI
Organization Structure


                                                   Komite
                                                  Committees


 Komite Audit                                                     : • Iwa Kartiwa Hudaya (Ketua / Head)
 Audit Committee                                                    • Djalaludin Djaprie (Anggota / Member)
                                                                    • Iman Subekti (Anggota / Member)

 Komite Nominasi dan Remunerasi                                   : • Iwa Kartiwa Hudaya (Ketua / Head)
 Nomination and Remuneration Committee                              • Indracahya Basuki (Anggota / Member)
                                                                    • Sutarto Hadi (Anggota / Member)

 Komite Manajemen Risiko, GCG, dan Investasi                      : • Indracahya Basuki (Ketua / Head)
 Risk Management, GCG, and Investment Committee                     • Nurcahya Basuki (Anggota / Member)

 Komite Keberlanjutan Usaha                                   : • Dr. Yaya Rayadin (Ketua / Head)
 dan Tanggung Jawab Sosial Perusahaan                           • Richard Bruce Ness (Anggota / Member)
 Sustainability and Corporate Social Responsibility Committee   • Shakeb Afsah (Anggota / Member)




                                                        Perkebunan dan                  Logistik dan
                                                           Agronomi                       Teknik               Keberlanjutan
                                                          Plantation and                Logistics and           Sustainability
                                                            Agronomy                     Engineering

Kepala Keuangan
                            Kepala Sumber                    Direktur                     Direktur                Direktur
 Perusahaan dan
                            Daya Manusia
     Strategi                                                  Director                    Director                Director
                            Head of Human
  Head of Corporate
                              Resources
                                                          Noor Falich               Imam Syaifullah           Yayan Handian
Finance and Strategy                                                                                             Ginanjar

 Wasisto Budi               Sutarto Hadi
   Sulistio
                                                                Administrasi            Administrasi Pabrik         Kesehatan,
                                                                 Agronomi                 dan Logistik            Keamanan, dan
                                                                 Agronomy                Mill and Logistics        Keberlanjutan
     Strategi Perusahaan         Operasi SDM                   Administration             Administration            Lingkungan
     dan Pengembangan           HR Operations                                                                     Health, Safety,
            Bisnis                                                                                               and Sustainable
          Corporate                                                                                                Environment
                                                                  Operasi                 Operasi Pabrik
    Strategy and Business
                                Pengembangan                     Agronomi                 Mill Operations
        Development
                                 Karyawan dan                   Agronomy
                                   Organisasi                   Operations                                     Lingkungan Eksternal
                                   People                                                                         dan Hubungan
                                                                                              Teknik
         Keuangan              and Organization                                                                    Berkelanjutan
                                                                                            Engineering
        Perusahaan              Development                                                                    External Environment
                                                               Lisensi dan
         Corporate                                                                                              and Sustainability
                                                             Pengembangan
          Finance                                                                                                    Relations
                                                                  Sosial
                                                                License and
                                                            Social Development
     Hubungan Investor                                                                                            Penelitian dan
      Investor Relations                                                                                         Pengembangan
                                                                                                                     Research
                                                                                                                 and Development




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                                                                                             Profil Perusahaan / Company Profile




 Rapat Umum Pemegang Saham
   General Meeting of Shareholders




           Dewan Komisaris
        Board of Commissioners

                Komisaris Utama
            President Commissioner
            Indracahya Basuki
           Komisaris Independen
           Independent Commissioner
           Iwa Kartiwa Hudaya




                Direktur Utama
                President Director
           Wishnu Wardhana




   Keuangan,
                                 Pemasaran
 Akuntansi, dan
                                dan Komersial
     Pajak
                                  Marketing
     Finance,
                                and Commercial
Accounting, and Tax

                                                         Kepala Kantor dan             Kepala Sekretaris
     Direktur                        Direktur            Divisi Transformasi             Perusahaan                  Kepala Audit
     Director                        Director              Head of CEO Office             dan Legal                    Internal
   Mahirudin                  Santos Ibrahim              and Transformations           Head of Corporate         Head of Internal Audit
                                   Noor                         Division               Secretary and Legal



                                                                                       Arya Wibisana              Rachmat Nugroho
         Akuntansi                    Hubungan Klien
        Accounting                    Client Relations

                                                                                                Sekretaris
                                                                Integrasi Sistem
                                                                                               Perusahaan
        Perpajakan                      Pemasaran             dan Pengembangan
                                                                                                Corporate
         Taxation                        Marketing             System Integration
                                                                                                Secretary
                                                                and Development


        Pengontrol                      Administrasi
        Keuangan                         Penjualan                                          Legal Perusahaan
                                                                 Asisten Pribadi             Corporate Legal
          Finance                         Sales                  Direktur Utama
         Controller                    Administration
                                                               Personal Assistant
                                                               of Presiden Director
                                                                                               Komunikasi
                                                                                               Perusahaan
        Pengadaan
       Procurement                                                                             Corporate
                                                               Manajemen Risiko              Communication
                                                               Risk Management


                                                                                          Hubungan Pemangku
                                                                                              Kepentingan
                                                                                          Stakeholder Relations




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PROFIL DEWAN KOMISARIS
   Board of Commisioners Profile




                     Widiyanti                         Iwa Kartiwa                          Indracahya
                      Putri*)                            Hudaya                               Basuki
                      Komisaris                   Komisaris Independen                   Komisaris Utama
                    Commissioner               Independent Commissioner               President Commissioner


*) Mengundurkan diri pada tanggal 21 Oktober dan disahkan dalam RUPS Luar Biasa tanggal 13 Desember 2024.
   Resigned on 21 October 2024 and officially approved during the Extraordinary General Meeting of Shareholders (EGMS) on 13 December 2024.




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                                                                                        Profil Perusahaan / Company Profile




Indracahya
Basuki
Komisaris Utama
President Commissioner


Warga Negara Indonesia, berusia 51 tahun, berdomisili di Jakarta.
Indonesian Citizen, 51 years old, domiciled in Jakarta.




   Periode dan Dasar Pengangkatan                                    Period and Basis of Appointment

   • 2021-2024: Keputusan RUPS Luar Biasa PT Teladan Prima           • 2021-2024: Resolution of the Extraordinary GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 211 tanggal           Prima Agro Tbk stated within Notarial Deed No. 211 dated
     23 November 2021; serta                                           23 November 2021; and
   • 2024-2027: Keputusan RUPS Tahunan PT Teladan Prima              • 2024-2027: Resolution of the Annual GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 105 tanggal           Prima Agro Tbk stated within Notarial Deed No. 105 dated
     25 April 2024.                                                    25 April 2024.


   Riwayat Pendidikan                                                Education History

   Meraih gelar Bachelor of Science di bidang Teknik Mesin,          Bachelor of Science in Mechanical Engineering, Columbia
   Columbia University, New York, Amerika Serikat (1996) dan         University, New York, USA (1996) and Master of Business
   Master of Business Administration, Rice University, Houston,      Administration, Rice University, Houston, Texas, USA (2002).
   Texas, Amerika Serikat (2002).


   Pengalaman Kerja                                                  Work Experience

   Beliau menjabat sebagai Komisaris Utama PT Teladan Prima          He currently serves as President Commissioner of PT Teladan
   Agro Tbk (sejak 2021), Ketua Komite Manajemen Risiko dan          Prima Agro Tbk (since 2021), Chairman of Risk Management
   Investasi (sejak 2021), serta anggota Komite Nominasi dan         and Investment Committee (since 2021), and Chairman of
   Remunerasi (sejak 2024). Sebelumnya, beliau menjabat              Nomination and Remuneration Committee (since 2024).
   sebagai Komisaris (2012-2021), serta Komisaris pada               Previously, he served as Commissioner (2012-2021), as well
   beberapa Entitas Anak Perseroan (2004-2013).                      as Commissioner in several Subsidiaries of the Company
                                                                     (2004-2013).

   Saat ini, beliau juga menjabat sebagai Komisaris di               Currently, he also serves as Commissioner of PT Indika Energy
   PT Indika Energy Tbk (sejak 2018). Beliau juga tercatat sebagai   Tbk (since 2018). He is also listed as Director of PT Teladan
   Direktur di PT Teladan Resources (sejak 1998), PT Indika Mitra    Resources (since 1998), PT Indika Mitra Energi (since 2005),
   Energi (sejak 2005), PT Teladan Properties (sejak 2005), dan      PT Teladan Properties (since 2005), and PT Teladan Pusaka
   PT Teladan Pusaka (sejak 2008). Beliau juga pernah menjabat       (since 2008). He had also served as Commissioner of
   sebagai Komisaris di PT Indika Energy Tbk (2007-2016) dan         PT Indika Energy Tbk (2007-2016) and PT Tripatra Engineers &
   PT Tripatra Engineers & Constructors (2008-2012).                 Constructors (2008-2012).


   Kepemilikan Saham                                                 Share Ownership

   Tidak memiliki saham secara langsung di Perseroan, namun          Does not own any direct shares in the Company, but has
   memiliki saham secara tidak langsung di Perseroan sebesar         indirect shares ownership in the Company amounted to
   9,04% melalui PT Teladan Resources.                               9.04% through PT Teladan Resources.


   Hubungan Afiliasi                                                 Affiliation Relationships

   Memiliki hubungan afiliasi dengan anggota Dewan Komisaris         Affiliated with other members of the Board of Commissioners
   lainnya serta Pemegang Saham Pengendali.                          and Controlling Shareholders.




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Widiyanti
Putri *)
Komisaris
Commissioner


Warga Negara Indonesia, berusia 54 tahun, berdomisili di Jakarta.
Indonesian Citizen, 54 years old, domiciled in Jakarta.




   Periode dan Dasar Pengangkatan                                         Period and Basis of Appointment

   • 2021-2024: Keputusan RUPS Luar Biasa PT Teladan Prima                • 2021-2024: Resolution of the Extraordinary GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 211 tanggal                Prima Agro Tbk stated within Notarial Deed No. 211 dated
     23 November 2021; serta                                                23 November 2021; and
   • 2024-2027: Keputusan RUPS Tahunan PT Teladan Prima                   • 2024-2027: Resolution of the Annual GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 105 tanggal                Prima Agro Tbk stated within Notarial Deed No. 105 dated
     25 April 2024.                                                         25 April 2024.

   Riwayat Pendidikan                                                     Education History

   Meraih gelar Bachelor of Science di bidang Administrasi Bisnis,        Bachelor of Science in Business Administration, Pepperdine
   Pepperdine University, Malibu, California, Amerika Serikat (1993).     University, Malibu, California, USA (1993).

   Pengalaman Kerja                                                       Work Experience

   Beliau menjabat sebagai Komisaris PT Teladan Prima Agro Tbk            He served as Commissioner of PT Teladan Prima Agro Tbk
   (2021-2024) setelah sebelumnya menjabat sebagai Direktur               (2021-2024) after previously holding the position of
   (2012-2021) dan anggota Komite Nominasi dan Remunerasi                 Director (2012-2021) and a member of the Nomination
   (2021-2024). Beliau juga memiliki pengalaman sebagai                   and Remuneration Committee (2021-2024). She also has
   Komisaris PT Teladan Agro Resources (2007-2012). Selain itu,           experience as Commissioner of PT Teladan Agro Resources
   beliau memiliki latar belakang sebagai pebisnis profesional,           (2007-2012). She is also a professional businesswoman,
   investor, dan filantropis, dengan karier ekstensif di sektor           investor, and philanthropist, with an extensive career in
   bisnis selama lebih dari 30 tahun, serta kontribusi terhadap           the business sector of more than 30 years, paired with
   berbagai isu sosial. Beliau adalah co-founder yang telah               contributions in various social issues. She is a co-founder
   berperan aktif dalam mengembangkan Teladan Group,                      with an active role in developing Teladan Group, and have
   dan telah memegang posisi strategis di dalam grup yang                 held holding strategic positions within the group that invests
   memiliki investasi di berbagai industri, termasuk agrobisnis,          in various industries, including in the agribusiness, energy, oil
   energi, teknologi minyak dan gas bumi, properti, dan media.            and gas technology, real estate, and media sector.

   Di luar pencapaian profesional, beliau adalah seorang                  Other than her professional achievements, she is a
   filantropis yang memiliki dedikasi dan memegang posisi                 dedicated philanthropist and held positions in several
   di beberapa yayasan yang mendukung berbagai isu                        foundations supporting various social issues such as
   sosial seperti kesehatan, pendidikan, seni & budaya, serta             health, education, arts & culture, and children and women
   inisiatif pemberdayaan anak & perempuan, dengan tujuan                 empowerment initiatives, aiming to create a sustainable
   menciptakan dampak positif yang berkelanjutan pada                     positive impact on the vulnerable communities all over
   komunitas rentan di seluruh Indonesia. Beliau didaulat                 Indonesia. She was asked to be one of the administrators of
   sebagai salah satu pengurus Yayasan Jantung Indonesia                  the Indonesian Heart Foundation (YJI) and was appointed
   (YJI) dan dilantik sebagai Sekretaris Jenderal YJI sejak 2018          as Secretary General of YJI since 2018 until the end of the
   hingga berakhirnya kepengurusan di tahun 2024. Beliau juga             administration term in 2024. She also holds positions as
   menduduki posisi sebagai Ketua Yayasan Teladan Utama                   Chairwoman of Teladan Utama Foundation and Board of
   dan Dewan Pengawas Yayasan Kawula Madani.                              Trustees of Kawula Madani Foundation.

   Kepemilikan Saham                                                      Share Ownership

   Tidak memiliki saham secara langsung di Perseroan, namun               Does not own any direct shares in the Company, but has
   memiliki saham secara tidak langsung di Perseroan sebesar              indirect shares ownership in the Company amounted to
   8,14% melalui PT Teladan Resources.                                    8.14% through PT Teladan Resources.

   Hubungan Afiliasi                                                      Affiliation Relationships

   Memiliki hubungan afiliasi dengan anggota Dewan Komisaris,             Affiliated with other members of the Board of Commissioners,
   anggota Direksi, serta Pemegang Saham Pengendali.                      members of the Board of Directors, and Controlling
                                                                          Shareholders.

*) Mengundurkan diri pada tanggal 21 Oktober dan disahkan dalam RUPS Luar Biasa tanggal 13 Desember 2024.
   Resigned on 21 October 2024 and officially approved during the Extraordinary GMS on 13 December 2024.




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                                                                                       Profil Perusahaan / Company Profile




Iwa Kartiwa
Hudaya
Komisaris Independen
Independent Commissioner


Warga Negara Indonesia, berusia 77 tahun, berdomisili di Jakarta.
Indonesian Citizen, 77 years old, domiciled in Jakarta.




   Periode dan Dasar Pengangkatan                                   Period and Basis of Appointment

   • 2022-2024: Keputusan RUPS Tahunan PT Teladan Prima             • 2022-2024: Resolution of the Annual GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 146 tanggal          Prima Agro Tbk stated within Notarial Deed No. 146 dated
     27 Mei 2022; serta                                               27 May 2022; and
   • 2024-2027: Keputusan RUPS Tahunan PT Teladan Prima             • 2024-2027: Resolution of the Annual GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 105 tanggal          Prima Agro Tbk stated within Notarial Deed No. 105 dated
     25 April 2024.                                                   25 April 2024.

   Riwayat Pendidikan                                               Education History

   Meraih gelar Sarjana Hama dan Penyakit Tumbuhan,                 Bachelor’s degree in Plant Pests and Diseases, University of
   Universitas Padjadjaran (1976).                                  Padjadjaran (1976).

   Pengalaman Kerja                                                 Work Experience

   Beliau menjabat sebagai Komisaris Independen PT Teladan          He serves as Independent Commissioner of PT Teladan
   Prima Agro Tbk (sejak Mei 2022), dan Ketua Komite Audit          Prima Agro Tbk (since May 2022), and Chairman of the Audit
   serta Komite Nominasi dan Remunerasi (sejak Mei 2022).           Committee and Nomination and Remuneration Committee
   Beliau mengawali karier sebagai Junior Agronomist PT Nusa        (since May 2022). He started his career as Junior Agronomist
   Konsultan (1978) dan Manager Socfin Indonesia (1978-1988).       of PT Nusa Konsultan (1978) and Manager of Socfin Indonesia
   Kemudian, melanjutkan karier di PT Salim Plantation sebagai      (1978-1988). Then, he continued his career at PT Salim
   Senior Manager (1988-1990), Area Manager Agronomy                Plantation as Senior Manager (1988-1990), Area Manager
   (1991-1996), Vice President (VP) Kalimantan Selatan, Tengah,     Agronomy (1991-1996), Vice President (VP) South, Central, and
   dan Timur (1996-2001), dan VP Operation & Technical Advisor      East Kalimantan (1996-2001), and VP Operation & Technical
   Agronomy (2001-2004), serta Komisaris PT Indofood Sukses         Advisor Agronomy (2001-2004), as well as Commissioner
   Makmur Tbk (1997-2000). Beliau juga pernah menjabat              of PT Indofood Sukses Makmur Tbk (1997-2000). He also
   sebagai Wakil Direktur Utama Teladan Prima Group                 served as Vice President Director of Teladan Prima Group
   (2004-2020).                                                     (2004-2020).

   Kepemilikan Saham                                                Share Ownership

   Tidak memiliki saham di Perseroan, baik langsung maupun          Does not own any shares in the Company, either directly or
   tidak langsung.                                                  indirectly.

   Hubungan Afiliasi                                                Affiliation Relationships

   Tidak memiliki hubungan afiliasi dengan anggota                  Has no affiliated relationships with other members of the
   Dewan Komisaris lainnya, anggota Direksi, serta Pemegang         Board of Commissioners, members of the Board of Directors,
   Saham Pengendali.                                                and Controlling Shareholders.



Perubahan Komposisi Anggota Dewan Komisaris
Changes in the Composition of the Board of Commissioners
Berdasarkan Keputusan RUPS Luar Biasa PT Teladan Prima Agro Tbk yang dimuat dalam Akta Notaris No. 117 tanggal
13 Desember 2024, komposisi Dewan Komisaris Perseroan mengalami perubahan seiring dengan pengunduran diri
Ibu Widiyanti Putri dari jabatannya sebagai Komisaris. Dengan demikian, komposisi anggota Dewan Komisaris hingga
Laporan Tahunan ini diterbitkan adalah sebagai berikut.
Based on the decision of the Extraordinary GMS of PT Teladan Prima Agro Tbk, as recorded in Notary Deed No. 117 dated
13 December 2024, the composition of the Company’s Board of Commissioners has changed following the resignation
of Mrs. Widiyanti Putri from her position as Commissioner. As of the publication of this Annual Report, the composition
of the Board of Commissioners is as follows.
Komisaris Utama / President Commissioner		      : Indracahya Basuki
Komisaris Independen / Independent Commissioner : Iwa Kartiwa Hudaya



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PROFIL DIREKSI
 Board of Directors Profile




                        Imam                                    Noor                      Wishnu
                      Syaifullah                               Falich                    Wardhana
               Direktur Logistik dan Teknik        Direktur Perkebunan dan Agronomi      Direktur Utama
          Director of Logistics and Engineering   Director of Plantation and Agronomy   President Director




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                                                                                   Profil Perusahaan / Company Profile




        Santos Ibrahim                   Yayan Handian                           Mahirudin
             Noor                           Ginanjar
  Direktur Pemasaran dan Komersial      Direktur Keberlanjutan      Direktur Keuangan, Akuntansi, dan Pajak
Director of Marketing and Commercial   Director of Sustainability   Director of Finance, Accounting, and Tax




                                                                            PT Teladan Prima Agro Tbk            63
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Wishnu
Wardhana
Direktur Utama
President Director


Warga Negara Indonesia, berusia 54 tahun, berdomisili di Jakarta.
Indonesian Citizen, 54 years old, domiciled in Jakarta.




   Periode dan Dasar Pengangkatan                                   Period and Basis of Appointment

   • 2021-2024: Keputusan RUPS Luar Biasa PT Teladan Prima          • 2021-2024: Resolution of the Extraordinary GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 211 tanggal          Prima Agro Tbk stated within Notarial Deed No. 211 dated
     23 November 2021; serta                                          23 November 2021; and
   • 2024-2027: Keputusan RUPS Tahunan PT Teladan Prima             • 2024-2027: Resolution of the Annual GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 105 tanggal          Prima Agro Tbk stated within Notarial Deed No. 105 dated
     25 April 2024.                                                   25 April 2024.


   Riwayat Pendidikan                                               Education History

   Meraih gelar Bachelor of Arts di bidang Ekonomi, Pepperdine      Obtained Bachelor of Arts in Economy, Pepperdine University,
   University, Malibu, California, Amerika Serikat (1993).          Malibu, California, USA (1993).


   Pengalaman Kerja                                                 Work Experience

   Beliau menjabat sebagai Direktur PT Teladan Prima                He served as Director of PT Teladan Prima Agro Tbk (since 2021).
   Agro Tbk (sejak 2021). Sebelumnya, beliau merupakan              Previously, he was President Commissioner of PT Teladan
   Komisaris Utama (2016-2021) dan Wakil Komisaris Utama            Prima Agro Tbk (2016-2021) and Vice President Commissioner
   (2012-2016). Beliau juga bertindak sebagai Komisaris Utama       (2012-2016). He also serves as President Commissioner
   di beberapa Entitas Anak (sejak 2004) dan menempati              of several Subsidiaries (since 2004) as well as several
   sejumlah posisi strategis lainnya, seperti Direktur Utama        other strategical positions, namely as President Director of
   PT Teladan Resources (sejak 2004), dan PT Teladan Properties     PT Teladan Resources (since 2004) and PT Teladan Properties
   (sejak 2003). Beliau juga merupakan Komisaris Utama              (since 2003). He also serves as President Commissioner of
   PT Mahaka Industri Perdana (sejak 2015) dan Komisaris            PT Mahaka Industri Perdana (since 2015) and Commissioner
   PT Indika Mitra Energy (sejak 2005).                             of PT Indika Mitra Energy (since 2005).

   Beliau memiliki pengalaman yang ekstensif di bidang              He has extensive experience in the energy field and is an
   energi dan merupakan sosok yang instrumental, dengan             instrumental figure in the industry, by establishing one
   membangun salah satu perusahaan energi terbesar di               of the largest energy companies in Indonesia namely
   Indonesia, yakni PT Indika Energy Tbk. Beliau juga pernah        PT Indika Energy Tbk. He had also held a number of
   menduduki sejumlah jabatan kepemimpinan di PT Indika             leadership positions at PT Indika Energy Tbk, namely
   Energy Tbk, yaitu Komisaris Utama (2016-2017), Direktur          President Commissioner (2016-2017), President Director
   Utama (2014-2016), serta Direktur (2007-2014).                   (2014-2016), as well as Director (2007-2014).

   Selain itu, beliau pernah menduduki berbagai posisi lain         In addition, he had held various other positions as President
   sebagai Komisaris Utama PT Indika Inti Corpindo (2016),          Commissioner of PT Indika Inti Corpindo (2016), PT Indika
   PT Indika Multi Energi (2013-2016), PT Indika Infrastruktur      Multi Energi (2013-2016), PT Indika Infrastruktur Investindo
   Investindo (2013-2014), PT Indika Indonesia Resources            (2013-2014), PT Indika Indonesia Resources (2011-2016),
   (2011-2016), serta Wakil Komisaris Utama PT Petrosea Tbk         and Deputy President Commissioner of PT Petrosea Tbk
   (2013-2014). Beliau juga pernah menempati posisi                 (2013-2014). He had also held positions as Commissioner
   sebagai Komisaris PT Indika Multi Daya Energi (2012-2016),       of PT Indika Multi Daya Energi (2012-2016), PT Indika Energy
   PT Indika Energy Infrastructure (2010-2016), dan sebagai         Infrastructure (2010-2016), and as President Director of
   Direktur Utama PT Indika Inti Corpindo (2008-2016).              PT Indika Inti Corpindo (2008-2016).




   64        PT Teladan Prima Agro Tbk
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                                                                                    Profil Perusahaan / Company Profile




Posisi strategis lain yang pernah diduduki beliau, antara        Other strategic positions he had held include Commissioner
lain Komisaris PT Santan Batubara (2009-2017), PT Kideco         of PT Santan Batubara (2009-2017), PT Kideco Jaya Agung
Jaya Agung (2006-2017), PT Mitrabahtera Segara Sejati Tbk        (2006-2017), PT Mitrabahtera Segara Sejati Tbk (2013-2014),
(2013-2014), PT Tripatra Engineers & Constructors (2012-2014),   PT Tripatra Engineers & Constructors (2012-2014), and
dan PT Tripatra Engineering (2007-2012). Beliau juga pernah      PT Tripatra Engineering (2007-2012). He also served as
menjabat sebagai Direktur PT Mahaka Industri Perdana             Director of PT Mahaka Industri Perdana (2000-2005).
(2000-2005).

Sebagai salah satu komitmen terhadap dunia bisnis, beliau        As part of his commitments to the business world, he actively
berperan aktif di berbagai organisasi bisnis nasional dan        performs in several national and international business
internasional, seperti menduduki posisi sebagai Wakil Ketua      organizations, amongst others as Vice Chairman of KADIN
Dewan Penasihat Kamar Dagang dan Industri Indonesia              (Kamar Dagang dan Industri Indonesia or Indonesian
(KADIN) (2022-2023). Sebelumnya, beliau pernah bertindak         Chamber of Commerce and Industry) Advisory Board
selaku Wali Amanat Dewan Penasihat (2015-2021), dan              (2022-2023). Previously, he served as a Trustee of the
Wakil Direktur Departemen Energi KADIN (2010-2015). Beliau       Advisory Board (2015-2021), and Deputy Director of KADIN’s
juga pernah menjabat sebagai Wakil Ketua Umum Bidang             Energy Department (2010-2015). He also served as Vice
Lembaga Keuangan Non-Bank, Asuransi, dan Pasar Modal             Chairman of Non-Bank Financial Institutions, Insurance, and
(2009-2010) dan menjabat sebagai Sekjen Kamar Dagang             Capital Market (2009-2010) and as Secretary General of the
Republik Indonesia - Amerika Serikat (2004-2009).                Indonesia-USA Chamber of Commerce (2004-2009).

Pada 2012 hingga 2013, beliau didaulat menjadi Ketua APEC        In 2012 until 2013, he was appointed as Chairman of APEC
CEO Summit 2013 dan Ketua APEC Advisory Business Council         CEO Summit 2013 and Chairman of APEC Advisory Business
(ABAC) Indonesia berdasarkan Keputusan Presiden Republik         Council (ABAC) Indonesia based on Presidential Decree
Indonesia No. 79M Tahun 2012.                                    No. 79M Year 2012.


Kepemilikan Saham                                                Share Ownership

Kepemilikan saham langsung di Perseroan sebanyak                 Direct share ownership in the Company amounted to
2.100.563.000 lembar saham atau 16,22% (per 31 Desember          2,100,563,000 shares or 16.22% (as of 31 December 2024).
2024).


Hubungan Afiliasi                                                Affiliation Relationships

Memiliki hubungan afiliasi dengan anggota Dewan Komisaris,       Affiliated with other members of the Board of Commissioners,
anggota Direksi, serta Pemegang Saham Pengendali.                members of the Board of Directors, and Controlling
                                                                 Shareholders.




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Noor
Falich
Direktur Perkebunan dan Agronomi
Director of Plantation and Agronomy


Warga Negara Indonesia, berusia 63 tahun, berdomisili di Surakarta.
Indonesian Citizen, 63 years old, domiciled in Surakarta.




   Periode dan Dasar Pengangkatan                                     Period and Basis of Appointment

   • 2021-2024: Keputusan RUPS Luar Biasa PT Teladan Prima            • 2021-2024: Resolution of the Extraordinary GMS of
     Agro Tbk yang dimuat dalam Akta Notaris No. 211 tanggal            PT Teladan Prima Agro Tbk stated within Notarial Deed
     23 November 2021; serta                                            No. 211 dated 23 November 2021; and
   • 2024-2027: Keputusan RUPS Tahunan PT Teladan Prima               • 2024-2027: Resolution of the Annual GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 105 tanggal            Prima Agro Tbk stated within Notarial Deed No. 105 dated
     25 April 2024.                                                     25 April 2024.


   Riwayat Pendidikan                                                 Education History

   Menempuh pendidikan       di   Sekolah   Tinggi   Perkebunan       Studied at the Yogyakarta Academy of Plantation (Sekolah
   (STIPER) Yogyakarta.                                               Tinggi Perkebunan or STIPER).


   Pengalaman Kerja                                                   Work Experience

   Beliau menjabat sebagai Direktur Perkebunan dan Agronomi           He currently serves as Director of Plantation and Agronomy
   PT Teladan Prima Agro Tbk (sejak 2021). Sebelumnya, beliau         of PT Teladan Prima Agro Tbk (since 2021). He previously
   menjabat sebagai Head of Plantation Division (sejak 2019).         served as Head of Plantation Division (since 2019).
   Sementara itu, perjalanan karier beliau dimulai sebagai            Meanwhile, his career began as Trainee Field Assistant
   Trainee Field Assistant Sadang Mas (1987). Kemudian,               at Sadang Mas (1987). Then, he held various strategic
   menjabat berbagai posisi strategis di Salim Indo Plantation        positions at Salim Indo Plantation with his last position as
   dengan jabatan terakhir sebagai Area Manager (1997).               Area Manager (1997). After that, he served as Area Manager
   Setelah itu, beliau menjabat sebagai Area Manager Salim            of Salim Agro Plantation (1997-2022), General Manager of
   Agro Plantation (1997-2022), General Manager Salim Ivomas          Salim Ivomas Pratama (2002-2004), Area Manager of Salim
   Pratama (2002-2004), Area Manager Salim Ivomas Pratama             Ivomas Pratama (2004-2005), GM Plantation (2006-2008),
   (2004-2005), GM Plantation (2006-2008), dan Head of                and Head of Indrafiber (2007-2008) of Raja Garuda Mas
   Indrafiber (2007-2008) Raja Garuda Mas Group. Beliau               Group. He had served as Chief Operating Officer of Palm
   pernah menjabat sebagai Chief Operating Officer Palm Agro          Agro Plantation (2008 2015) and Expert of PT Mitra Sejahtera
   Plantation (2008-2015) dan Tenaga Ahli PT Mitra Sejahtera          Lestari (2015-2019). Currently, he has no concurrent
   Lestari (2015-2019). Saat ini, beliau tidak memiliki rangkap       positions, either in the Company and its Subsidiaries or
   jabatan, baik di Perseroan dan Entitas Anak ataupun                other companies.
   perusahaan lain.


   Kepemilikan Saham                                                  Share Ownership

   Tidak memiliki saham di Perseroan, baik langsung maupun            Does not own any shares in the Company, either directly or
   tidak langsung.                                                    indirectly.


   Hubungan Afiliasi                                                  Affiliation Relationships

   Tidak memiliki hubungan afiliasi dengan anggota                    Has no affiliated relationships with members of the Board
   Dewan Komisaris, anggota Direksi, serta Pemegang Saham             of Commissioners, members of the Board of Directors, and
   Pengendali.                                                        Controlling Shareholders.




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Imam
Syaifullah
Direktur Logistik dan Teknik
Director of Logistics and Engineering


Warga Negara Indonesia, berusia 62 tahun, berdomisili di Tangerang.
Indonesian Citizen, 62 years old, domiciled in Tangerang.




   Periode dan Dasar Pengangkatan                                     Period and Basis of Appointment

   • 2021-2024: Keputusan RUPS Luar Biasa PT Teladan Prima            • 2021-2024: Resolution of the Extraordinary GMS of
     Agro Tbk yang dimuat dalam Akta Notaris No. 211 tanggal            PT Teladan Prima Agro Tbk stated within Notarial Deed
     23 November 2021; serta                                            No. 211 dated 23 November 2021; and
   • 2024-2027: Keputusan RUPS Tahunan PT Teladan Prima               • 2024-2027: Resolution of the Annual GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 105 tanggal            Prima Agro Tbk stated within Notarial Deed No. 105 dated
     25 April 2024.                                                     25 April 2024.


   Riwayat Pendidikan                                                 Education History

   Menempuh pendidikan di Institut Teknologi Sepuluh                  Studied at Sepuluh Nopember Institute of Technology (ITS),
   Nopember (ITS), Surabaya (1983-1986) dan PPM Graduate              Surabaya (1983-1986) and PPM Graduate School and Institute
   School and Institute of Management, Jakarta (1998-2003).           of Management Jakarta (1998-2003).


   Pengalaman Kerja                                                   Work Experience

   Beliau menjabat sebagai Direktur Logistik dan Teknik               He currently serves as Director of Logistics and Engineering of
   PT Teladan Prima Agro Tbk (sejak 2021). Sebelumnya, beliau         PT Teladan Prima Agro Tbk (since 2021). He previously served
   merupakan Head of Engineering, Logistics, and Marketing            as Head of Engineering, Logistics, and Marketing Division
   Division (sejak 2005). Saat ini, beliau menjabat sebagai           (since 2005). Currently, he concurrently serves as Directors
   Direktur di beberapa Entitas Anak, yaitu PT Daya Lestari           of several Subsidiaries, namely PT Daya Lestari (since 2019),
   (sejak 2019), serta PT Telen, PT Sawit Prima Nusantara,            as well as PT Telen, PT Sawit Prima Nusantara, PT Telen Prima
   PT Telen Prima Sawit, dan PT Gemilang Sejahtera Abadi              Sawit, and PT Gemilang Sejahtera Abadi (since 2021).
   (sejak 2021).

   Beliau memiliki pengalaman lebih dari 32 tahun di bidang           He has more than 32 years of experience in the fields
   pengembangan infrastruktur perusahaan pada industri                of company infrastructure development in the palm oil
   perkebunan kelapa sawit, serta pernah menduduki jabatan            plantation industry and had held several strategical positions
   strategis di Salim Group sebagai Head of Project Planning          in Salim Group as Head of Project Planning and Development
   and Development Department (1988-2005) dan Assistant               Department (1988-2005) and Assistant Vice President
   Vice President Engineering (2000-2005).                            Engineering (2000-2005).


   Kepemilikan Saham                                                  Share Ownership

   Tidak memiliki saham di Perseroan, baik langsung maupun            Does not own any shares in the Company, either directly or
   tidak langsung.                                                    indirectly.


   Hubungan Afiliasi                                                  Affiliation Relationships

   Tidak memiliki hubungan afiliasi dengan anggota                    Has no affiliated relationships with members of the Board
   Dewan Komisaris, anggota Direksi, serta Pemegang Saham             of Commissioners, members of the Board of Directors, and
   Pengendali.                                                        Controlling Shareholders.




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Yayan Handian
Ginanjar
Direktur Keberlanjutan
Director of Sustainability


Warga Negara Indonesia, berusia 61 tahun, berdomisili di Tangerang Selatan.
Indonesian Citizen, 61 years old, domiciled in South Tangerang.




   Periode dan Dasar Pengangkatan                                    Period and Basis of Appointment

   • 2021-2024: Keputusan RUPS Luar Biasa PT Teladan Prima           • 2021-2024: Resolution of the Extraordinary GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 211 tanggal           Prima Agro Tbk stated within Notarial Deed No. 211 dated
     23 November 2021; serta                                           23 November 2021; and
   • 2024-2027: Keputusan RUPS Tahunan PT Teladan Prima              • 2024-2027: Resolution of the Annual GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 105 tanggal           Prima Agro Tbk stated within Notarial Deed No. 105 dated
     25 April 2024.                                                    25 April 2024.


   Riwayat Pendidikan                                                Education History

   Menempuh pendidikan di Institut Pertanian Bogor (IPB),            Studied at Bogor Institute of Agriculture (IPB), West Java in
   Jawa Barat dalam bidang Agronomi Agrikultur (1987).               Agronomy Agriculture (1987).


   Pengalaman Kerja                                                  Work Experience

   Beliau menjabat sebagai Direktur Keberlanjutan PT Teladan         He currently serves as Director of Sustainability of PT Teladan
   Prima Agro Tbk (sejak 2021). Beliau bergabung dengan              Prima Agro Tbk (since 2021). He joined the Company as Head
   Perseroan sebagai Head of Agronomy Division (2006-2019).          of Agronomy Division (2006-2019). Currently, he concurrently
   Saat ini, beliau menjabat sebagai Direktur di beberapa            serves as Directors of several Subsidiaries namely PT Tanjung
   Entitas Anak, yaitu PT Tanjung Buyu Perkasa Plantation,           Buyu Perkasa Plantation, PT Inti Energi Kaltim, and PT Cahaya
   PT Inti Energi Kaltim, dan PT Cahaya Anugerah Plantation          Anugerah Plantation (since 2021).
   (sejak 2021).
                                                                     He started his career as Estate Manager of Salim Group
   Sebelumnya, beliau mengawali karier sebagai Estate                (1997-2001) and GM Estate & Plantation Advisor of Minamas
   Manager Salim Group (1997-2001) dan GM Estate & Plantation        Plantation (2002-2005).
   Advisor Minamas Plantation (2002-2005).


   Kepemilikan Saham                                                 Share Ownership

   Tidak memiliki saham di Perseroan, baik langsung maupun           Does not own any shares in the Company, either directly or
   tidak langsung.                                                   indirectly.


   Hubungan Afiliasi                                                 Affiliation Relationships

   Tidak memiliki hubungan afiliasi dengan anggota                   Has no affiliated relationships with members of the Board
   Dewan Komisaris, anggota Direksi, serta Pemegang Saham            of Commissioners, members of the Board of Directors, and
   Pengendali.                                                       Controlling Shareholders.




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                                                                                       Profil Perusahaan / Company Profile




Mahirudin
Direktur Keuangan, Akuntansi, dan Pajak
Director of Finance, Accounting, and Tax


Warga Negara Indonesia, berusia 64 tahun, berdomisili di Jakarta.
Indonesian Citizen, 64 years old, domiciled in Jakarta.




   Periode dan Dasar Pengangkatan                                   Period and Basis of Appointment

   • 2021-2024: Keputusan RUPS Luar Biasa PT Teladan Prima          • 2021-2024: Resolution of the Extraordinary GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 211 tanggal          Prima Agro Tbk stated within Notarial Deed No. 211 dated
     23 November 2021; serta                                          23 November 2021; and
   • 2024-2027: Keputusan RUPS Tahunan PT Teladan Prima             • 2024-2027: Resolution of the Annual GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 105 tanggal          Prima Agro Tbk stated within Notarial Deed No. 105 dated
     25 April 2024.                                                   25 April 2024.


   Riwayat Pendidikan                                               Education History

   Menempuh Pendidikan di Institut Keguruan dan Ilmu                Studied at IKIP Semarang in Accounting (1987).
   Pendidikan (IKIP) Semarang di bidang Akuntansi (1987).


   Pengalaman Kerja                                                 Work Experience

   Beliau menjabat sebagai Direktur Keuangan, Akuntansi, dan        He currently serves as Director of Finance, Accounting, and
   Pajak PT Teladan Prima Agro Tbk (sejak 2021). Sebelumnya,        Tax of PT Teladan Prima Agro Tbk (since 2021). He previously
   beliau merupakan Head of Finance and Business Support            served as Head of Finance and Business Support Division
   Division (2005-2021). Saat ini, beliau menjabat sebagai          (2005-2021). At present, he concurrently serves as Directors
   Direktur di beberapa Entitas Anak, yakni PT Multi Jayantara      of several Subsidiaries, namely PT Multi Jayantara Abadi
   Abadi (sejak 2011) dan PT Cahaya Anugerah Plantation             (since 2011) and PT Cahaya Anugerah Plantation (since 2016).
   (sejak 2016). Beliau juga menjabat sebagai Direktur di           He also serves as Director of PT Sejahtera Sarana Abadi (since
   PT Sejahtera Sarana Abadi (sejak 2013), PT Synergi Prima         2013), PT Synergi Prima Medika (since 2015), PT Sawit Abadi
   Medika (sejak 2015), PT Sawit Abadi Nusantara (sejak 2021),      Nusantara (since 2021), and PT Sawit Sejahtera Abadi (since
   dan PT Sawit Sejahtera Abadi (sejak 2021). Selain itu, beliau    2021). In addition, he also serves as Commissioner of PT Abadi
   tercatat sebagai Komisaris di PT Abadi Gemilang Investama        Gemilang Investama (since 2017) and Commissioner of
   (sejak 2017) dan PT Mitra Agro Servindo (sejak 2020).            PT Mitra Agro Servindo (since 2020).

   Sementara itu, perjalanan karier beliau di mulai di Salim        His career began at Salim Plantation as Accounting Staff
   Plantation sebagai Staff Accounting (1988), dengan jabatan       (1988), with his last position as Accounting Manager
   terakhir sebagai Manager Accounting (1995-2001), serta           (1995-2001), and Senior Manager Accounting for Minamas
   Senior Manager Accounting Minamas Plantation (2001-2005).        Plantation (2001-2005).


   Kepemilikan Saham                                                Share Ownership

   Kepemilikan saham langsung di Perseroan sebanyak 500.000         Direct share ownership in the Company amounted to 500,000
   lembar saham atau 0,003862% (per 31 Desember 2024).              shares or 0.003862% (as of 31 December 2024).


   Hubungan Afiliasi                                                Affiliation Relationships

   Tidak memiliki hubungan afiliasi dengan anggota                  Has no affiliated relationships with members of the Board
   Dewan Komisaris, anggota Direksi, serta Pemegang Saham           of Commissioners, members of the Board of Directors, and
   Pengendali.                                                      Controlling Shareholders.




                                                                                PT Teladan Prima Agro Tbk                 69
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Santos Ibrahim
Noor
Direktur Pemasaran dan Komersial
Director of Marketing and Commercial


Warga Negara Indonesia, berusia 52 tahun, berdomisili di Jakarta.
Indonesian Citizen, 52 years old, domiciled in Jakarta.




   Periode dan Dasar Pengangkatan                                     Period and Basis of Appointment

   • 2023-2024: Berita Acara Keputusan RUPS Tahunan                   • 2023-2024: Minutes of the Annual GMS of PT Teladan Prima
     PT Teladan Prima Agro Tbk yang dimuat dalam Akta                   Agro Tbk stated within Notarial Deed No. 9 dated 3 May
     Notaris No. 9 tanggal 3 Mei 2023; serta                            2023; and
   • 2024-2027: Keputusan RUPS Tahunan PT Teladan Prima               • 2024-2027: Resolution of the Annual GMS of PT Teladan
     Agro Tbk yang dimuat dalam Akta Notaris No. 105 tanggal            Prima Agro Tbk stated within Notarial Deed No. 105 dated
     25 April 2024.                                                     25 April 2024.


   Riwayat Pendidikan                                                 Education History

   Meraih gelar Bachelor of Science di Pepperdine University,         Obtained Bachelor of Science from Pepperdine University,
   California dan memperoleh gelar Master of Science in               California, and Master of Science in Business Finance from
   Business Finance dari Webster University, London.                  Webster University, London.


   Pengalaman Kerja                                                   Work Experience

   Beliau menjabat sebagai Direktur Pemasaran dan Komersial           He serves as Marketing and Commercial Director of
   PT Teladan Prima Agro Tbk (sejak 2023). Sebelumnya, beliau         PT Teladan Prima Agro Tbk (since 2023). Previously, he was
   merupakan Head of Marketing & Commercial (2008-2023)               Head of Marketing & Commercial (2008-2023) and member
   serta anggota Komite Manajemen Risiko dan Investasi                of Risk Management and Investment Committee (2022-2023).
   (2022-2023).

   Beliau memiliki pengalaman selama 20 tahun di bidang               He has 20 years of experience in the plantation sector,
   perkebunan, khususnya bidang komersial, pemasaran, dan             particularly in commercial, marketing, and human resources.
   human resources. Karier beliau dimulai di California Energy        He started his career at California Energy as Project
   sebagai Project Development Officer - Geothermal Power             Development Officer - Geothermal Power Plant (1997).
   Plant (1997). Beliau juga pernah menjabat berbagai posisi          He has also held various strategic positions, such as Director
   strategis, seperti Direktur PT Telen (2005-2021), Assistant        of PT Telen (2005-2021), Assistant Vice President of Mahaka
   Vice President Mahaka Industry (2003), dan Head of System          Industry (2003), and Head of System Development Teladan
   Development Teladan Prima Group (2003-2006). Saat ini,             Prima Group (2003-2006). Currently, he also serves as
   beliau juga menjabat sebagai Komisaris pada Entitas Anak,          Commissioner of a subsidiary, PT Daya Lestari (since 2013).
   yaitu PT Daya Lestari (sejak 2013).


   Kepemilikan Saham                                                  Share Ownership

   Tidak memiliki saham di Perseroan, baik langsung maupun            Does not own any shares in the Company, either directly or
   tidak langsung.                                                    indirectly.


   Hubungan Afiliasi                                                  Affiliation Relationships

   Memiliki hubungan afiliasi dengan anggota Direksi.                 Affiliated with members of the Board of Directors.




Perubahan Komposisi Anggota Direksi                                 Changes in the Composition of
                                                                    the Board of Directors

Tidak terdapat perubahan komposisi anggota                          There were no changes in the composition of the
Direksi selama tahun 2024 hingga Laporan Tahunan                    Board of Directors during 2024 until this Annual
ini diterbitkan.                                                    Report was published.



   70       PT Teladan Prima Agro Tbk
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                                                                                                  Profil Perusahaan / Company Profile




INFORMASI PEMEGANG SAHAM
   Shareholder Information


Komposisi Pemegang Saham
Shareholder Composition
                            Kepemilikan Saham Awal Tahun                                    Kepemilikan Saham Akhir Tahun
                        Shareholding at the Beginning of the Year                          Shareholding at the End of the Year

                         Jumlah                                                       Jumlah
    Uraian               Saham                                  Persentase            Saham                                Persentase
  Description           (Lembar           Nilai Saham          Kepemilikan           (Lembar           Nilai Saham        Kepemilikan
                        Saham)            Shares Value          Ownership            Saham)            Shares Value        Ownership
                       Number of              (Rp)             Percentage           Number of              (Rp)           Percentage
                         Shares                                     (%)               Shares                                   (%)
                        (Shares)                                                     (Shares)

 Modal Dasar
 Authorized          49.000.000.000      4.900.000.000.000                -      49.000.000.000 4.900.000.000.000                -
 Capital

 Modal Ditempatkan dan Disetor:
 Issued and Fully Paid-Up Capital:
 Kepemilikan >5%
 Ownership >5%

 PT Teladan
                       7.752.052.400        775.205.240.000          59,88         7.752.052.400       775.205.240.000       59,88
 Resources

 Ahmad
                        2.100.563.000       210.056.300.000           16,22        2.100.563.000       210.056.300.000        16,22
 Gunung

 Wishnu
                        2.100.563.000       210.056.300.000           16,22        2.100.563.000       210.056.300.000        16,22
 Wardhana

 Kepemilikan <5%
 Ownership <5%

 Wiwoho Basuki
                           21.862.000          2.186.200.000            0,17             21.862.000       2.186.200.000        0,17
 Tjokronegoro

 Dewan
 Komisaris dan
 Direksi
 Board of                     500.000            50.000.000          0,004                 500.000          50.000.000       0,004
 Commissioners
 and Board of
 Directors

 Masyarakat
                         970.989.800         97.098.980.000            7,50             970.989.800     97.098.980.000        7,50
 Public

 Jumlah Modal
 Ditempatkan
 dan Disetor
 Total Issued         12.946.530.200     1.294.653.020.000          100,00        12.946.530.200      1.294.653.020.000     100,00
 and Fully
 Paid-Up
 Capital

 Saham dalam
 Portepel
                     36.053.469.800 3.605.346.980.000                            36.053.469.800 3.605.346.980.000
 Share Capital
 in Portfolio

Keterangan / Description:
Kepemilikan awal tahun merupakan kepemilikan saham pada tanggal 1 Januari 2024.
Shareholding at the beginning of the year represents shareholdings on 1 January 2024.




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Komposisi Kepemilikan Saham Berdasarkan Status Kepemilikan
Shareholding Composition by Ownership Status
                      Kepemilikan Saham Awal Tahun                          Kepemilikan Saham Akhir Tahun
                  Shareholding at the Beginning of the Year                Shareholding at the End of the Year

                                       Jumlah                                              Jumlah
                   Jumlah              Saham           Persentase   Jumlah                 Saham          Persentase
   Uraian                                                                                                            Description
                  Pemegang            (Lembar         Kepemilikan Pemegang                (Lembar        Kepemilikan
                    Saham             Saham)           Ownership    Saham                 Saham)          Ownership
                  Number of          Number of        Percentage   Number of             Number of       Percentage
                 Shareholders          Shares              (%)    Shareholders             Shares             (%)
                                      (Shares)                                            (Shares)

 Pemodal Nasional
 National Investor

 Broker                    1               170.000          0,00                  1           170.000        0,00          Brokers

 Reksadana                5             47.947.900          0,37                 5         47.947.900        0,37    Mutual Funds

 Individual -                                                                                                         Individuals -
                      1.804          4.410.886.700         34,07             1.774      4.412.364.300       34,08
 Domestik                                                                                                                 National

 Perusahaan                                                                                                                 Public
 Terbatas                 9         7.930.263.500          61,25                 6      7.928.263.300       61,24     Companies
 NPWP                                                                                                                  with Tax ID

                                                                                                                          Foreign
 Individual
                                                                                                                       Individuals
 Asing KITAS -            2                 50.600          0,00                 3            570.700        0,00
                                                                                                                      with KITAS -
 NPWP
                                                                                                                            Tax ID

 Pemodal Asing
 Foreign Investor

 Individual               7                 136.100         0,00                 6            134.200        0,00      Individuals

 Institusi                2            103.447.900          0,80                 2        103.447.900        0,80      Institutions

 Switzerland -                                                                                                        Switzerland
                           1           453.627.100          3,50                  1      453.626.800         3,50
 Tax Treaty                                                                                                           - Tax Treaty

 United                                                                                                                     United
                           1                   400          0,00                  1             5.100        0,00
 Kingdom                                                                                                                 Kingdom

 Total                1.832        12.946.530.200        100,00              1.799      12.946.530.200      100,0            Total

Keterangan / Description:
Kepemilikan awal tahun merupakan kepemilikan saham pada tanggal 1 Januari 2024.
Shareholding at the beginning of the year represents shareholdings on 1 January 2024.



Kepemilikan Saham                                                         Shareholding of Board of
Dewan Komisaris dan Direksi                                               Commissioners and Board of Directors

Kebijakan Pengungkapan Informasi                                          Information Disclosure Policy
Kebijakan    pengungkapan       informasi    terkait                      The policy on disclosing information related to the
kepemilikan saham Dewan Komisaris dan Direksi                             stock ownership of the Board of Commissioners
mengalami perubahan pada tahun 2024. Peraturan                            and Board of Directors underwent changes in
Otoritas Jasa Keuangan No. 11/POJK.04/2017 tentang                        2024. The Financial Services Authority Regulation
Laporan Kepemilikan atau Setiap Perubahan                                 No. 11/POJK.04/2017 on Ownership Reports or Any
Kepemilikan Perusahaan Terbuka disesuaikan                                Changes in Ownership of Public Companies was
menjadi Peraturan Otoritas Jasa Keuangan                                  revised to Financial Services Authority Regulation
No. 4 Tahun 2024 tentang Laporan Kepemilikan atau                         No. 4 of 2024 on Ownership Reports or Any Changes
Setiap Perubahan Kepemilikan Saham Perusahaan                             in Ownership of Public Company Shares and Reports
Terbuka dan Laporan Aktivitas Menjaminkan Saham                           on Share Pledge Activities of Public Companies.
Perusahaan Terbuka. Penyesuaian ini bertujuan                             This adjustment aims to enhance monitoring and
untuk meningkatkan pengawasan dan keterbukaan                             transparency of shareholder information within the
informasi Pemegang Saham perusahaan.                                      company.




   72           PT Teladan Prima Agro Tbk
Page 75
                                                                                Profil Perusahaan / Company Profile




Perubahan tersebut juga menegaskan kewajiban              The changes also reaffirm the Company’s
Perseroan untuk mengungkapkan kepemilikan                 obligation to disclose the share ownership of Board
saham anggota Dewan Komisaris, anggota Direksi,           of Commissioners members, Board of Directors
serta pihak yang memiliki saham dengan hak                members, and parties holding at least 5% voting
suara minimal 5%. Laporan mengenai perubahan              shares. Reports on changes in share ownership
kepemilikan saham dan aktivitas penjaminan                and share pledge activities must be submitted no
saham disampaikan paling lambat 5 hari kerja              later than 5 working days after the changes occur.
setelah terjadinya perubahan. Perubahan peraturan         These regulatory changes have been implemented
ini telah diterapkan secara internal di Perseroan dan     internally within the Company and reported to
dilaporkan kepada regulator melalui e-reporting           regulators through monthly e-reporting.
bulanan.

Pengungkapan Kepemilikan Saham                            Disclosure of Share Ownership
Kepemilikan saham Dewan Komisaris dan Direksi             The share ownership of the Board of Commissioners
pada awal dan akhir tahun 2024 diungkapkan                and Board of Directors at the beginning and end of
sebagai berikut.                                          2024 is disclosed as follows.


                                                      Kepemilikan Saham                  Kepemilikan Saham
                                                           Awal Tahun                        Akhir Tahun
                                                         Shareholding at                   Shareholding at
                                                    the Beginning of the Year             the End of the Year
       Nama                      Jabatan
       Name                      Position         Jumlah Saham             Jumlah Saham
                                                                Persentase               Persentase
                                                     (Lembar                  (Lembar
                                                               Kepemilikan              Kepemilikan
                                                     Saham)                   Saham)
                                                                Ownership                Ownership
                                                    Number of                Number of
                                                               Percentage               Percentage
                                                      Shares                   Shares
                                                                    (%)                      (%)
                                                     (Shares)                 (Shares)

Dewan Komisaris
Board of Commissioners

                      Komisaris Utama
Indracahya Basuki                                              -          -                       -            -
                      President Commissioner

                      Komisaris Independen
Iwa Kartiwa Hudaya                                             -          -                       -           -
                      Independent Commissioners

Direksi
Board of Directors

                      Direktur Utama
Wishnu Wardhana                                     2.100.563.000      16,22         2.100.563.000         16,22
                      President Director

                      Direktur
Noor Falich                                                    -          -                       -           -
                      Director

                      Direktur
Imam Syaifullah                                                -          -                       -           -
                      Director

Yayan Handian         Direktur
                                                               -          -                       -           -
Ginanjar              Director

                      Direktur
Mahirudin                                                500.000      0,004                500.000        0,004
                      Director

                      Direktur
Santos Ibrahim Noor                                            -          -                       -           -
                      Director




                                                                      PT Teladan Prima Agro Tbk               73
Page 76
  Circular Economy and Climate Impact
  Laporan Tahunan 2024 / 2024 Annual Report




PEMEGANG SAHAM UTAMA DAN PENGENDALI
   Major and Controlling Shareholders


      PT Teladan                   Wiwoho Basuki                                                                             Masyarakat
                                                                 Ahmad Gunung             Wishnu Wardhana
      Resources*                   Tjokronegoro                                                                                Public

         59,88%                          0,17%                          16,22%                    16,22%                           7,50%




                                                                                       Keterangan / Description:
                                                                                                                Jalur Pengendali
                                                                                                            :
                                                                                                                Controlling Line
                                                                                                                Jalur Non-Pengendali
                                                                                                            :
                                                                                                                Non-Controlling Line


                           PT Teladan Prima Agro Tbk



* Dimiliki dan dikendalikan oleh Wiwoho Basuki Tjokronegoro dan keluarga.
  Owned and controlled by Wiwoho Basuki Tjokronegoro and family.




KRONOLOGI PENCATATAN SAHAM
   Share Listing Chronology


Saham Perseroan tercatat di Bursa Efek Indonesia                             The Company’s shares were listed on the Indonesia
pada tanggal 12 April 2022. Berikut uraian terkait                           Stock Exchange on 12 April 2022. Below is a description
kronologi pencatatan saham Perseroan.                                        of the chronology of the Company’s share listing.


                               Jumlah Saham                                                       Jumlah Saham
                                                               Nilai           Harga
                                 Diterbitkan                                                          Beredar
                                                              Nominal        Penawaran
                              (Lembar Saham)                                                     (Lembar Saham)
        Uraian                                                Nominal         Offering                                         Description
                              Number of Shares                                                   Total Outstanding
                                                               Value            Price
                                   Issued                                                              Shares
                                                               (Rp)             (Rp)
                                  (Shares)                                                           (Shares)

 Saham Pendiri                   12.428.669.000                   100              -                12.428.669.000             Founder Shares

 Penawaran Umum                                                                                                                     Initial Public
                                      517.861.200                 100            580                 12.946.530.200
 Saham Perdana                                                                                                                           Offering




   74          PT Teladan Prima Agro Tbk
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                                                                                        Profil Perusahaan / Company Profile




KRONOLOGI PENCATATAN EFEK LAINNYA
  Other Securities Listing Chronology


Perseroan tidak mencatatkan efek lainnya dalam                   The Company did not list any other securities in the
bentuk obligasi, obligasi konversi, serta sukuk, baik            form of bonds, convertible bonds, or sukuk, either
di bursa efek dalam negeri ataupun luar negeri di                on domestic or foreign stock exchanges throughout
sepanjang tahun 2024.                                            2024.




STRUKTUR KORPORASI
  Corporate Structure




                                                PT Teladan Prima Agro Tbk




 PT Tanjung Buyu                                         PT Telen                  PT Multi
                                PT Telen                                                                   PT Daya Lestari
Perkasa Plantation                                     Prima Sawit             Jayantara Abadi
                                 (TLN)                                                                          (DL)
      (TBP)                                               (TPS)                     (MJA)

      99,99%                    99,99%                      99,99%                     99,99%                  99,92%



               PT Inti Energi              PT Sawit Prima             PT Gemilang              PT Cahaya
                  Kaltim                     Nusantara               Sejahtera Abadi       Anugerah Plantation
                   (INK)                       (SPN)                      (GSA)                  (CAP)

                  99,99%                      99,99%                     99,99%                   99,99%




                                                                                  PT Teladan Prima Agro Tbk             75
Page 78
 Circular Economy and Climate Impact
 Laporan Tahunan 2024 / 2024 Annual Report




INFORMASI ENTITAS ANAK, ASOSIASI,
DAN VENTURA
  Information on Subsidiaries, Associates,
  and Venture Companies

Per Desember 2024, Perseroan memiliki 9 Entitas            As of December 2024, the Company has
Anak dan tidak memiliki Entitas Asosiasi maupun            9 Subsidiaries and does not have any associated
Ventura. Berikut informasi terkait Entitas Anak            entities or joint ventures. Below is information
Perseroan.                                                 regarding the Company’s Subsidiaries.




                                             PT Teladan Prima Agro Tbk




                              Perkebunan dan Pengolahan                                       Energi Terbarukan
                                   Plantation and Mill                                        Renewable Energy




  76      PT Teladan Prima Agro Tbk
Page 79
                                                                               Profil Perusahaan / Company Profile




                                                                                         Total Aset
                                                                         Persentase
                                                       Tahun                              (jutaan
                                                                        Kepemilikan
 Entitas Anak             Bidang Usaha              Penyertaan Domisili                   Rupiah)         Status
  Subsidiary             Line of Business             Year of  Domicile Ownership       Total Assets      Status
                                                                        Percentage
                                                     Inclusion                            (million
                                                                             (%)
                                                                                          Rupiah)

                   Perkebunan Kelapa Sawit dan
PT Tanjung
                   Pabrik Pengolahan Kelapa Sawit                                                       Beroperasi
Buyu Perkasa                                           2004     Jakarta      99,99        1.083.299
                   Palm     Oil    Plantation and                                                       Operating
Plantation (TBP)
                   Processing Mill

PT Inti Energi     Perkebunan Kelapa Sawit                                                              Beroperasi
                                                       2005     Jakarta      99,99         294.060
Kaltim (INK)       Palm Oil Plantation                                                                  Operating

                   Perkebunan Kelapa Sawit dan
                   Pabrik Pengolahan Kelapa Sawit                                                       Beroperasi
PT Telen (TLN)                                         2005     Jakarta      99,99        1.258.387
                   Palm     Oil    Plantation and                                                       Operating
                   Processing Mill

PT Sawit Prima     Perkebunan Kelapa Sawit                                                              Beroperasi
                                                       2005     Jakarta      99,99         337.082
Nusantara (SPN)    Palm Oil Plantation                                                                  Operating

                   Perkebunan Kelapa Sawit dan
PT Telen Prima     Pabrik Pengolahan Kelapa Sawit                                                       Beroperasi
                                                       2006     Jakarta      99,99         924.680
Sawit (TPS)        Palm     Oil    Plantation and                                                       Operating
                   Processing Mill

PT Gemilang
                   Perkebunan Kelapa Sawit                                                              Beroperasi
Sejahtera Abadi                                        2005     Jakarta      99,99         694.857
                   Palm Oil Plantation                                                                  Operating
(GSA)

                   Perkebunan Kelapa Sawit dan
PT Multi
                   Pabrik Pengolahan Kelapa Sawit                                                       Beroperasi
Jayantara Abadi                                        2019     Jakarta      99,99         792.234
                   Palm     Oil    Plantation and                                                       Operating
(MJA)
                   Processing Mill

                   Perkebunan Kelapa Sawit dan
PT Cahaya
                   Pabrik Pengolahan Kelapa Sawit                                                       Beroperasi
Anugerah                                               2016     Jakarta      99,99         1.119.604
                   Palm     Oil    Plantation and                                                       Operating
Plantation (CAP)
                   Processing Mill

PT Daya Lestari    Energi Terbarukan                                                                    Beroperasi
                                                       2015     Jakarta      99,92         58.248
(DL)               Renewable Energy                                                                     Operating




                                                                          PT Teladan Prima Agro Tbk          77
Page 80
  Circular Economy and Climate Impact
  Laporan Tahunan 2024 / 2024 Annual Report




AKUNTAN PUBLIK
   Public Accountant

 Kantor Akuntan Publik                     Purwantono, Sungkoro & Surja (member of Ernst & Young Global Ltd)
 Public Accounting Firm

 Nama Akuntan Publik                       Dede Rusli
 Name of the Public Accountant

                                           Gedung Bursa Efek Indonesia Tower I Lt. 7            T : (021) 5289 5000
 Alamat                                    Jl. Jend. Sudirman Kav. 52-53                        F : (021) 5289 4100
 Address                                   Jakarta 12190                                        W : www.ey.com
                                           Indonesia

 Periode Penugasan                         2024
 Assignment Date

 Jasa Audit                                Jasa review dan audit Laporan Keuangan Perseroan dan Entitas Anak.
 Audit Services                            Review and audit services of Financial Statements of the Company and Subsidiaries.

 Biaya Jasa Audit*)                        Rp575.000.000,-
 Audit Service Fee

*) Tidak terdapat jasa lain yang diberikan oleh KAP selain review dan audit Laporan Keuangan Perseroan dan Entitas Anak. / No other services
   provided by KAP, other than review and audit of Financial Statements of the Company and Subsidiaries.




LEMBAGA DAN PROFESI PENUNJANG
PASAR MODAL
   Capital Market Supporting Institutions and Professions


                                                                                                                              Periode
                                                                                                            Biaya
           Nama                               Alamat                     Jasa yang Diberikan                                Penugasan
                                                                                                             Fee
           Name                               Address                     Services Provided                                 Assignment
                                                                                                            (Rp)
                                                                                                                              Period

 Notaris
 Notary

 Jose Dima Satria, SH,          Komplek Taman Gandaria No. 11A          Jasa kenotariatan.               60.000.000              2024
 MKn                            Gandaria Selatan                        Notarial services.
                                Cilandak
                                Jakarta 12420
                                Indonesia
                                T : (021) 2912 5500
                                F : (021) 2912 5600

 Biro Administrasi Efek
 Share Registrar

 PT Datindo Entrycom            Jl. Hayam Wuruk No. 28 Lt. 2            Jasa administrasi                 64.346.700             2024
                                Kebon Kelapa, Gambir                    kepemilikan saham
                                Jakarta 10120                           perusahaan.
                                Indonesia                               Company shareholding
                                T : (021) 3508 077                      administration services.




   78         PT Teladan Prima Agro Tbk
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                                                                                Profil Perusahaan / Company Profile




INFORMASI PADA SITUS WEB PERUSAHAAN
  Information on the Company’s Website

Perseroan menyediakan informasi yang dibutuhkan            The Company provides the information needed by
oleh Pemegang Saham dan pemangku kepentingan               Shareholders and other stakeholders through the
lainnya melalui situs web www.teladanprima.com.            website www.teladanprima.com. The content of the
Isi situs web tersebut telah disesuaikan dengan            website has been aligned with the Financial Services
Peraturan Otoritas Jasa Keuangan No. 8/POJK.04/2015        Authority Regulation No. 8/POJK.04/2015 concerning
tentang Situs Web Emiten atau Perusahaan Publik.           the Websites of Issuers or Public Companies.


                   Uraian                      Ketersediaan                        Keterangan
                 Description                    Availability                          Note

Informasi Pemegang Saham sampai dengan                         Terdapat pada halaman Tentang Kami > Kepemimpinan
Pemilik Akhir Individu                                         & Manajemen.
Shareholder      Information to Individual                     Available on the About Us > Leadership & Management
End-Owners                                                     page.

                                                               Terdapat pada halaman Tentang Kami > Kepemimpinan
Struktur Grup Perusahaan                                       & Manajemen.
Company Group Structure                                        Available on the About Us > Leadership & Management
                                                               page.

                                                               Terdapat pada halaman Hubungan Investor > Laporan
Analisa Kinerja Keuangan                                       Perusahaan.
Financial Performance Analysis                                 Available on the Investor Relations > Company Reports
                                                               page.

                                                               Pedoman Etika dan Perilaku TPA terdapat pada
                                                               halaman Tata Kelola Perusahaan > Kebijakan & Sistem
Isi Kode Etik
                                                               Tata Kelola.
Contents of the Code of Ethics
                                                               The TPA Code of Ethics and Conduct is available on the
                                                               Corporate Governance > Policy & System page.

Rapat Umum Pemegang Saham                                      Terdapat pada halaman Tata Kelola Perusahaan > RUPS.
General Meeting of Shareholders                                Available on the Corporate Governance > GMS page.

                                                               Terdapat pada halaman Hubungan Investor > Laporan
Laporan Keuangan Tahunan (5 tahun terakhir)                    Perusahaan.
Annual Financial Report (last 5 years)                         Available on the Investor Relations > Company Reports
                                                               page.

                                                               Terdapat pada halaman Tentang Kami > Kepemimpinan
Profil Dewan Komisaris dan Direksi
                                                               & Manajemen.
Profile of the Board of Commissioners and
                                                               Available on the About Us > Leadership & Management
Board of Directors
                                                               page.

                                                               •   Piagam Dewan Komisaris dan Direksi
                                                                   Terdapat pada halaman Tata Kelola Perusahaan >
                                                                   Dewan Komisaris dan Direksi.
                                                               •   Piagam Komite
                                                                   Terdapat pada halaman Tata Kelola Perusahaan >
                                                                   Komite.
                                                               •   Piagam Unit Audit Internal
Piagam Dewan Komisaris, Direksi, Komite-                           Terdapat pada halaman Tata Kelola Perusahaan >
Komite, dan Unit Audit Internal                                    Unit Audit Internal.
Charter of the Board of Commissioners,                         •   Board of Commissioners and Board of Directors
Board of Directors, Committees, and Internal                       Charter
Audit Unit                                                         Available on the Corporate Governance > Board of
                                                                   Commissioners and Board of Directors pages.
                                                               •   Committee Charter
                                                                   Available on the Corporate Governance >
                                                                   Committee page.
                                                               •   Internal Audit Unit Charter
                                                                   Available on the Corporate Governance > Internal
                                                                   Audit Unit page.




                                                                         PT Teladan Prima Agro Tbk             79
Page 82
Circular Economy and Climate Impact
Laporan Tahunan 2024 / 2024 Annual Report




ANALISIS DAN
PEMBAHASAN
MANAJEMEN
     Management
     Discussion and
     Analysis




80       PT Teladan Prima Agro Tbk
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PT Teladan Prima Agro Tbk   81
Page 84
  Circular Economy and Climate Impact
  Laporan Tahunan 2024 / 2024 Annual Report




TINJAUAN EKONOMI DAN INDUSTRI
  Economic and Industry Review


Tinjauan Ekonomi                                           Economic Review

Pada tahun 2024, perekonomian global mengalami             In 2024, the global economy experienced a
perlambatan     akibat     ketegangan    geopolitik        slowdown due to ongoing geopolitical tensions
yang berlanjut serta meningkatnya fragmentasi              and increasing trade fragmentation. In the
perdagangan. Di Amerika Serikat, kebijakan                 United States, expansionary fiscal policies and
fiskal yang ekspansif dan strategi ekonomi yang            inward-looking economic strategies are projected
berorientasi ke dalam (inward-looking policy)              to impact the global economy. These policies
diprediksi akan berdampak pada perekonomian                include higher trade tariffs and stricter immigration
global. Kebijakan ini mencakup peningkatan tarif           regulations. These conditions led to 2024 global
perdagangan dan kebijakan imigrasi yang lebih              economic growth recorded at 3.2%, remained below
ketat. Kondisi-kondisi tersebut menyebabkan                the historical average.
pertumbuhan ekonomi global pada tahun 2024
tercatat sebesar 3,2%, tetap berada di bawah rata-
rata historis.

Di tengah tantangan global, perekonomian                   Amid global challenges, Indonesia’s economy
Indonesia     tetap    menunjukkan      ketahanan.         continues to demonstrate resilience. In 2024,
Pada tahun 2024, pertumbuhan ekonomi tercatat              economic growth was recorded at 5.03%
sebesar 5,03% (yoy), didorong oleh konsumsi rumah          ear-on-year (yoy), driven by household consumption,
tangga, khususnya dari kalangan menengah ke atas,          particularly from the middle-to-upper-income
serta meningkatnya investasi seiring berlanjutnya          segments, as well as increased investment
pembangunan Proyek Strategis Nasional (PSN).               supported by the ongoing development of National
Inflasi nasional tetap terkendali dalam kisaran            Strategic Projects (PSN). National inflation remained
sasaran 2,5±1%, mencerminkan efektivitas kebijakan         controlled within the target range of 2.5±1%, reflecting
moneter yang konsisten serta sinergi yang kuat             the effectiveness of consistent monetary policies
antara Bank Indonesia dan pemerintah dalam                 and strong synergy between Bank Indonesia and the
menjaga stabilitas harga.                                  government in maintaining price stability.

Di sisi lain, stabilitas sektor jasa keuangan juga tetap   On the other hand, the stability of the financial
terjaga meskipun tantangan dari ketidakpastian             services sector also remains intact, despite the need
ekonomi global masih harus diwaspadai. Dalam               to stay vigilant against the uncertainties of the global
kondisi ini, Indonesia tetap optimis dalam menjaga         economy. In this environment, Indonesia remains
momentum           pertumbuhan        ekonomi    dengan    optimistic about sustaining its economic growth
memanfaatkan stabilitas domestik yang telah                momentum by leveraging the domestic stability that
terbentuk.                                                 has been established.




   82      PT Teladan Prima Agro Tbk
Page 85
                                      Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




Tinjauan Industri                                        Industry Review

Industri kelapa sawit terus memperkuat perannya          The palm oil industry continues to strengthen its role
sebagai komoditas strategis dalam perekonomian           as a strategic commodity in Indonesia’s economy,
Indonesia, meskipun berada dalam tren yang               despite being in a fluctuating trend. According to
fluktuatif. Berdasarkan data Badan Pusat Statistik       data from the Central Statistics Agency (BPS), the
(BPS), sektor pertanian tumbuh sebesar 1,69% pada        agricultural sector grew by 1.69% in 2024, with palm
tahun 2024, dengan kelapa sawit sebagai salah            oil as one of its main contributors. Although palm oil
satu kontributor utama. Meskipun ekspor sawit            exports declined by 8.32% from 32.21 million tons in
mengalami penurunan sebesar 8,32% dari 32,21 juta        2023 to 29.53 million tons in 2024, this decrease was
ton di tahun 2023 menjadi 29,53 juta ton di tahun        driven by the rising domestic demand for biodiesel
2024, penurunan ini disebabkan oleh meningkatnya         and increasing domestic consumption amidst
kebutuhan domestik untuk biodiesel serta konsumsi        relatively stagnant production capacity.
dalam negeri yang terus bertumbuh, di tengah
kapasitas produksi yang relatif stagnan.

Di sisi lain, industri ini menghadapi tantangan          On the other hand, the industry faces challenges
dari fluktuasi harga CPO dan penerapan regulasi          from fluctuating CPO prices and the implementation
bebas deforestasi di Eropa. Namun, berdasarkan           of deforestation-free regulations in Europe. However,
data Kementerian Perdagangan, harga referensi            according to data from the Ministry of Trade,
(HR) minyak kelapa sawit (CPO) per Desember              the reference price (HR) for crude palm oil (CPO) as
2024 tercatat sebesar USD1.071,68 per metrik ton,        of December 2024 was recorded at USD1,071.68 per
yang mengalami peningkatan seiring dengan                metric ton, reflecting an increase driven by rising
naiknya permintaan global, kebijakan perdagangan         global demand, international trade policies, and
internasional, dan dinamika produksi. Sementara itu,     production dynamics. Meanwhile, data from the
data Gabungan Pengusaha Kelapa Sawit Indonesia           Indonesian Palm Oil Association (GAPKI) showed
(GAPKI) menunjukkan bahwa pada Agustus 2024,             that in August 2024, Indonesia’s CPO production
produksi CPO Indonesia menurun sebesar 10,6%             decreased by 10.6% to 48.164 thousand tons
menjadi 48,164 ribu ton dibanding bulan sebelumnya.      compared to the previous month. Both the domestic
Konsumsi domestik dan ekspor juga mencatatkan            and export consumptions recorded increases of
kenaikan masing-masing sebesar 23,859 ribu ton           23.859 thousand tons and 2.060 thousand tons
dan 2,060 ribu ton pada periode yang sama.               respectively, in the same period.

Sebagai sektor andalan dalam mendukung                   As a key sector in supporting the national economy,
perekonomian      nasional,   pemerintah    terus        the government continues to demonstrate its
menunjukkan komitmen melalui berbagai kebijakan          commitment through various strategic policies
strategis untuk meningkatkan daya saing industri         aimed at enhancing the competitiveness of
kelapa sawit. Fokus kebijakan diarahkan pada             the palm oil industry. Policy efforts focus on
peningkatan produktivitas di sektor hulu dan             increasing productivity in the upstream sector
penguatan hilirisasi melalui program peremajaan          and strengthening downstream activities through
sawit rakyat, penelitian dan pengembangan,               initiatives such as smallholder palm oil rejuvenation
pelatihan sumber daya manusia, insentif biodiesel,       programs, research and development, workforce
serta penyediaan sarana dan prasarana guna               training, biodiesel incentives, and the provision of
memperkuat ketahanan industri ini.                       infrastructure to bolster the industry’s resilience.

Dengan dukungan kebijakan yang efektif, industri         With the support of effective policies, the palm oil
kelapa sawit diharapkan tetap berdaya tahan              industry is expected to remain resilient in 2025.
pada tahun 2025. Meskipun dihadapkan pada                Despite facing global challenges, the sector
tantangan global, sektor ini tetap menjadi pilar         remains a cornerstone in maintaining national
utama dalam menjaga stabilitas ekonomi nasional          economic stability and fostering long-term growth
dan menciptakan peluang pertumbuhan jangka               opportunities. Sustainability and innovation are the
panjang. Keberlanjutan dan inovasi menjadi kunci         primary keys to ensuring the industry’s continued
utama untuk memastikan kontribusi industri ini bagi      contribution to Indonesia’s economy.
perekonomian Indonesia.




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TINJAUAN OPERASIONAL
  Operational Review


Kegiatan usaha Perseroan terbagi atas 3 segmen       The Company’s business activities are divided
utama, yaitu perkebunan kelapa sawit, pabrik         into three main segments: oil palm plantations,
pengolahan kelapa sawit, dan energi terbarukan.      palm oil processing plants, and renewable energy.
Ketiga segmen ini saling terintegrasi, dengan        These segments are interrelated, with core strengths
kekuatan utama pada bidang perkebunan dan            in plantations and the processing of palm oil into
pengolahan kelapa sawit menjadi crude palm oil       crude palm oil (CPO), further enhanced by the
(CPO), yang semakin diperkuat dengan keberadaan      presence of a kernel crushing plant (KCP) that
kernel crushing plant (KCP) yang mendukung           processes palm kernels into value-added products.
pengolahan inti kelapa sawit (palm kernel) menjadi   Meanwhile, the biogas power plant (BPP) utilizes
produk bernilai tambah, sementara biogas power       liquid waste to generate environmentally friendly
plant (BPP) memanfaatkan limbah cair untuk           renewable energy. This integration reflects the
menghasilkan energi terbarukan yang ramah            Company’s commitment to operational efficiency
lingkungan. Integrasi ini mencerminkan komitmen      and sustainability.
Perseroan terhadap efisiensi operasional dan
keberlanjutan.




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                                 Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




Tinjauan Operasional per Segmen Usaha
Operational Overview by Business Segment

Sistem Produksi Produk Kelapa Sawit Terpadu Perseroan
The Company’s Integrated Palm Oil Production System



                                                                                   Distribusi Produk
    Perkebunan                 Pabrik Pengolahan          Penyimpanan
                                                                                     Kelapa Sawit
    Kelapa Sawit                 Kelapa Sawit              Hasil Produk
                                                                                    Palm Oil Product
  Palm Oil Plantation             Palm Oil Mills          Product Storage
                                                                                      Distribution




                        TBS           CPO                  Storage Tank              Distribusi Darat
                                                                                     Land Distribution




                                  Palm Kernel                Gudang                  Distribusi Laut
                                                           Penyimpanan               Sea Distribution
                                                         Storage Warehouse


                        TKKS


                                     CPKO




                                      PKE




                                     POME                            Energi Terbarukan
                                                                      Renewable Energy




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  Laporan Tahunan 2024 / 2024 Annual Report




Perseroan melakukan proses produksi kelapa                The Company conducts an integrated palm oil
sawit terpadu melewati beberapa tahapan yang              production process through the following stages.
dijelaskan sebagai berikut.
1. Pengembangan, Panen, dan Pemeliharaan                  1.   Development, Harvesting, and Maintenance
    Tahap pengembangan dimulai dengan proses                   The development stage begins with land
    pembebasan lahan yang dilanjutkan oleh                     acquisition, followed by nursery, land preparation,
    pembibitan, persiapan lahan, dan penanaman.                and planting. During the growth process,
    Selama      proses    pertumbuhan      tanaman,            maintenance is carried out in accordance with
    dilakukan pemeliharaan sesuai dengan standar               best operational standards, including fertilization,
    operasional    terbaik,  meliputi    pemupukan,            weed control, pest management, supervision, and
    pengendalian gulma, pengendalian hama                      monitoring. Once the plants reach a certain age
    dan pengawasan serta pemantauan. Setelah                   and are deemed ready for harvest, the harvesting
    tanaman mencapai umur tertentu yang                        process is conducted, yielding fresh fruit bunches
    dikategorikan siap panen, maka dilakukan                   (FFB) that are delivered to the palm oil mill.
    proses panen dengan hasil berupa tandan buah
    segar (TBS) yang dikirim ke pabrik kelapa sawit.
2. Penerimaan dan Pengolahan                              2. Reception and processing
    Tahap penerimaan dan pengolahan dimulai                  The reception and processing stage begins with
    dengan penerimaan TBS di pabrik kelapa sawit,            the receipt of FFB at the palm oil mill, followed by
    dilanjutkan dengan pengolahan TBS menjadi                processing FFB into crude palm oil (CPO) and palm
    minyak kelapa sawit (crude palm oil/CPO) dan             kernel (PK). In addition, in 2024, the Company also
    inti kelapa sawit (palm kernel/PK). Selain itu,          processed the palm kernel into crude palm kernel
    pada tahun 2024, Perseroan juga melakukan                oil and palm kernel expeller to improve its value-
    pengolahan inti sawit menjadi minyak inti                added and product diversification.
    kelapa sawit mentah (crude palm kernel oil) dan
    bungkil kelapa sawit (palm kernel expeller) guna
    meningkatkan nilai tambah dan diversifikasi
    produk.
3. Penyimpanan dan Pengiriman                             3. Storage and Delivery
    Minyak kelapa sawit dan minyak inti sawit                The output CPO and CPKO will be stored in
    yang dihasilkan akan disimpan dalam tangki               storage tanks, while the palm kernel and palm
    penyimpanan, sedangkan inti kelapa sawit                 kernel expeller will be stored in warehouses. These
    dan bungkil kelapa sawit akan disimpan dalam             four products will be delivered to customers using
    gudang penyimpanan. Keempat produk tersebut              Company’s own or third-party trucks or vessels.
    akan dikirim kepada pelanggan menggunakan                Delivery terms include ex-mills, where goods are
    truk atau kapal milik sendiri dan pihak ketiga.          handed over at the seller’s warehouse; free-on-
    Ketentuan pengiriman yang disediakan di                  board (FOB), where goods are handed over on the
    antaranya ex-mills, yaitu syarat penjualan di            buyer’s vessel; and cost, insurance, and freight
    mana penyerahan barang dilakukan di gudang               (CIF), where goods are delivered by the seller to
    penjual, free-on-board (FOB), yaitu syarat               the buyer’s warehouse or storage tanks using the
    penjualan di mana penyerahan barang dilakukan            seller’s ships or trucks.
    di atas kapal pembeli, serta cost, insurance,
    and freight (CIF), yaitu syarat penjualan di
    mana pengiriman barang dilakukan penjual
    sampai ke gudang atau tangki timbun pembeli
    menggunakan kapal atau truk penjual.

Perkebunan Kelapa Sawit                                   Palm Oil Plantations
Pada tahun 2024, Perseroan mengelola 8 Entitas            In 2024, the Company managed eight Subsidiaries
Anak yang bergerak di bidang perkebunan kelapa            engaged in palm oil plantations in East Kalimantan,
sawit di Kalimantan Timur, dengan total luas area         covering a total area of 60,515 hectares. This area
sebesar 60.515 Ha. Area tersebut terdiri dari 48.542 Ha   consists of 48,542 hectares of nucleus plantations
perkebunan inti dan 11.973 Ha perkebunan plasma.          and 11,973 hectares of plasma plantations.




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                                        Analisis dan Pembahasan Manajemen / Management Discussion and Analysis



                                                                (dalam ton, kecuali dinyatakan lain / in tons, unless otherwise stated)


                                                                    Pertumbuhan
                                                                       Growth
             Uraian                 2024             2023                                                 Description
                                                                Nominal
                                                                                     %
                                                                Amount

Produksi Tandan Buah Segar                                                                              Fresh Fruit Bunches (FFB)
                                  1.219.294         1.213.068     6.226             0,5
(TBS)                                                                                                                  Production

Inti                              1.071.173     1.068.338         2.835             0,3                                     Nucleus

Plasma                              148.121          144.730       3.391            2,3                                     Plasma



Hasil produksi tandan buah segar (TBS) di tahun                 In 2024, the production of fresh fruit bunches (FFB)
2024 berasal dari perkebunan inti dan plasma,                   came from nucleus and plasma estates, with a total
dengan total produksi meningkat sebesar 0,5%, dari              production increased by 0.5%, from 1.21 million tons
1,21 juta ton pada tahun sebelumnya menjadi 1,22                in the previous year to 1.22 million tons. This increase
juta ton. Peningkatan ini dicapai dari baiknya kinerja          was achieved due to the good performances of the
atas produksi kebun inti dan plasma Perseroan.                  Company’s nucleus and plasma estates.

Berikut informasi terkait usia tanaman inti dan                 Below is information regarding the age profile of
plasma perkebunan kelapa sawit Entitas Anak                     nucleus and plasma palm oil plantations of the
Perseroan.                                                      Company’s subsidiaries.

                                                                (dalam ton, kecuali dinyatakan lain / in tons, unless otherwise stated)


                                             2024                           2023
         Usia Tanaman                                                                                       Plant Age
                                    Inti                          Inti
                                                    Plasma                         Plasma
                                  Nucleus                       Nucleus

<4 Tahun                              245                15           510             50                               <4 Years Old

4-7 Tahun                             881              209            631            816                             4-7 Years Old

8-20 Tahun                         47.416            11.749       47.383            11.107                          8-20 Years Old

Total                              48.542            11.973      48.524            11.973                                      Total

Rata-Rata Usia (Tahun)                15,5             13,5          14,5            12,5              Average Age (Years Old)


Pada tahun 2024, komposisi usia tanaman Entitas                 In 2024, the composition of plant age of the
Anak terdiri dari 1,8% tanaman muda (4-7 tahun)                 Subsidiaries’ crops consisted of 1.8% young plants
dan 97,7% tanaman berumur prima (>8 tahun),                     (4-7 years old) and 97.7% prime-aged plants
dengan rata-rata usia tanaman mencapai 15,1                     (>8 years old), with an average plant age of 15.1
tahun. Sementara itu, perkebunan kelapa sawit                   years old. Meanwhile, the nucleus palm plantations
tanaman inti tercatat seluas 48.542 Ha, terdiri                 covered 48,542 Ha, consisting of 1.8% young plants
dari 1,8% tanaman muda (4-7 tahun) dan 97,7%                    (4-7 years old) and 97.7% prime-aged plants
tanaman berumur prima (>8 tahun). Adapun                        (>8 years old). Whereas, the plasma plantations
perkebunan kelapa sawit tanaman plasma                          covered 11,973 Ha, comprising of 98,1% prime aged
mencakup area seluas 11.973 Ha, dengan komposisi                plants and 1,8% young plants.
98,1% tanaman berumur prima dan 1,8% tanaman
muda.

Pabrik Pengolahan Kelapa Sawit                                  Palm Oil Mills
Pada tahun 2024, Perseroan dan Entitas Anak                     In 2024, the Company and its Subsidiaries operated
mengoperasikan 6 pabrik kelapa sawit (PKS)                      six palm oil mills (POM) with a total capacity of 335
dengan total kapasitas 335 ton TBS/jam dan 1 pabrik             tons of FFB per hour and 1 palm kernel processing
pengolahan inti sawit dengan kapasitas 100 ton inti             plant with a capacity of 100 tons of palm kernel/day.
sawit/hari. Seluruh pabrik kelapa sawit (PKS) yang              All palm oil mills (POM) managed by the Subsidiaries
dikelola Entitas Anak telah tersertifikasi Indonesia            have been certified by the Indonesia Sustainable




                                                                                   PT Teladan Prima Agro Tbk                   87
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 Laporan Tahunan 2024 / 2024 Annual Report




Sustainable Palm Oil (ISPO), yang menegaskan                   Palm Oil (ISPO), reaffirming the Company’s
komitmen Perseroan terhadap praktik operasional                commitment to sustainable operational practices in
yang berkelanjutan dan sesuai standar nasional.                compliance with national standards.

                                                               (dalam ton, kecuali dinyatakan lain / in tons, unless otherwise stated)


                                                                   Pertumbuhan
                                                                      Growth
              Uraian                    2024        2023                                                 Description
                                                               Nominal
                                                                                   %
                                                               Amount

TBS yang Diolah                       1.381.677   1.409.552    (27.875)            (2,0)                            Processed FFB

Produksi Minyak Sawit                  324.857     327.688       (2.831)          (0,9)                      Palm Oil Production

Produksi Inti Sawit                     50.787      52.207       (1.420)           (2,7)                 Palm Kernel Production

Produksi Minyak Inti Sawit               5.262             -       5.262          100,0              Palm Kernel Oil Production

Produksi Bungkil Sawit                   6.862             -       6.862          100,0        Palm Kernel Expeller Production

Tingkat Ekstraksi Minyak Sawit (%)        23,5         23,2           0,3              1,1                Oil Extraction Rate (%)

Tingkat Ekstraksi Inti Sawit (%)            3,7         3,7             -               -             Kernel Extraction Rate (%)

Tingkat Ekstraksi Minyak Inti Sawit
                                          40,0             -        40,0          100,0           Kernel Oil Extraction Rate (%)
(%)

Volume Penjualan Minyak Sawit          314.457     343.748       29.302           (8,5)                   Palm Oil Sales Volume

Volume Penjualan Inti Sawit             40.102       55.172     (15.070)         (27,3)               Palm Kernel Sales Volume

Volume Penjualan Minyak Inti
                                         4.619             -       4.619          100,0           Palm Kernel Oil Sales Volume
Sawit

Harga Rata-Rata Minyak Sawit                                                                          Average Price for Palm Oil
                                        12.230       10.959         1.271            11,6
(dalam ribuan Rp per ton)                                                                                (thousand Rp per ton)

Harga Rata-Rata Inti Sawit                                                                        Average Price for Palm Kernel
                                         6.782       4.339         2.443           56,3
(dalam ribuan Rp per ton)                                                                               (thousand Rp per ton)

Harga Rata-Rata Minyak Inti
                                                                                              Average Price for Palm Kernel Oil
Sawit (dalam ribuan Rupiah per           19.461            -      19.461          100,0
                                                                                                       (thousand Rp per ton)
ton)

Nilai Penjualan                                                                                                        Total Sales
                                      4.211.482   4.007.082     204.400              5,1
(dalam jutaan Rupiah)                                                                                             (millions of Rp)



Pada tahun 2024, hasil produksi tandan buah segar              In 2024, the Company’s fresh fruit bunches (FFB)
(TBS) Perseroan tercatat mengalami peningkatan                 production recorded 0.5% increase or 6,226 thousand
sebesar 0,5% atau 6.226 ribu ton, dari 1,21 juta ton           tons, from 1.21 million tons in the previous year to 1.22
pada tahun sebelumnya menjadi 1,22 juta ton.                   million tons.

Di sisi lain, volume penjualan minyak kelapa sawit             On the other hand, the Company’s crude palm
(CPO) Perseroan mengalami penurunan sebesar                    oil (CPO) sales volume recorded 8.5% drop or
8,5% atau 29,3 ribu ton menjadi 314,46 ribu ton pada           29.3 thousand tons, to 314.46 thousand tons in 2024,
tahun 2024, dibandingkan dengan tahun 2023 yang                compared to 343.75 thousand tons recorded in 2023.
tercatat sebesar 343,75 ribu ton.

Sementara itu, harga CPO Perseroan di tahun 2024               Meanwhile, the Company’s CPO price in 2024
tercatat sebesar Rp12,23 juta per ton, meningkat               was recorded at Rp12.23 million per ton, an 11.6%
sebesar 11,6% dibandingkan dengan tahun 2023                   increase compared to Rp10.60 million per ton in 2023.
yang tercatat sebesar Rp10,60 juta per ton. Harga              The average palm kernel (PK) price in 2024 was
rata-rata palm kernel (PK) di tahun 2024 tercatat              recorded at Rp6.78 million per ton, an increase from
sebesar Rp6,78 juta per ton, meningkat dibandingkan            Rp4.34 million per ton recorded in the previous year.
tahun sebelumnya yang tercatat sebesar Rp4,34                  Further, the Company’s CPO sales reached Rp3.85




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                                       Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




juta per ton. Di samping itu, penjualan CPO Perseroan     trillion, a 2.1% increase or Rp78.8 billion compared to
mencapai Rp3,85 triliun, mengalami peningkatan            Rp3.76 trillion recorded in 2023.
sebesar 2,1% atau Rp78,8 miliar dibandingkan tahun
2023 yang tercatat sebesar Rp3,76 triliun.

Sejak April 2024, Perseroan telah menambah produk         Since April 2024, the Company has expanded its palm
turunan kelapa sawit melalui KCP yang berlokasi           oil derivative product line through a KCP located in
di Kutai Timur, pada salah satu kebun milik Entitas       East Kutai, within one of its Subsidiaries’ plantations.
Anak Perseroan. KCP memiliki kapasitas pengolahan         The KCP has a processing capacity of 100 tons of
sebesar 100 ton PK per hari, dengan menggunakan           PK per day, utilizing palm kernel as raw material to
inti kelapa sawit sebagai bahan baku untuk                produce CPKO and PKE. Since the start of its operation
menghasilkan CPKO dan PKE. Sejak awal beroperasi          to December 2024, the KCP successfully produced
hingga Desember 2024, KCP berhasil memproduksi            5.26 thousand tons of CPKO and 6.86 thousand tons
5,26 ribu ton CPKO dan 6,86 ribu ton PKE. Langkah ini     of PKE. This measure has expanded the product line,
telah memperluas lini produk, serta meningkatkan          as well as enhancing the value-added of palm oil
nilai tambah produk kelapa sawit dan memberikan           products, and contributed to revenue.
kontribusi terhadap pendapatan.

Energi Terbarukan                                         Renewable Energy
PT Daya Lestari (DL), sebagai Entitas Anak Perseroan,     PT Daya Lestari (DL), a subsidiary of the Company,
berperan penting dalam mendukung pemanfaatan              plays a key role in supporting the utilization of
energi terbarukan. Pada 5 November 2024,                  renewable energy. On 5 November 2024, DL
DL meresmikan Biogas Power Plant (BPP) sebagai            inaugurated a Biogas Power Plant (BPP) as a
sumber energi terbarukan di area operasional              renewable energy source within the operational
Entitas Anak Perseroan. BPP telah beroperasi dengan       area of the Company’s Subsidiary. The BPP is now
mengolah palm oil mill effluent (POME) menjadi gas        operational and processing palm oil mill effluent
metana. Energi listrik yang dihasilkan mendukung          (POME) into methane gas. The electricity produced
operasional KCP dan pabrik pengolahan kelapa              supports the operations of the KCP and other palm
sawit lainnya yang berlokasi di area Entitas Anak         oil processing facilities within the Subsidiary’s
Perseroan. Hal ini secara langsung mengurangi             operational area. This initiative directly reduces
ketergantungan pada energi fosil sekaligus                dependence on fossil energy while increasing the
meningkatkan penggunaan energi terbarukan.                use of renewable energy.

Keberhasilan      ini   tidak  hanya    mendukung         This achievement not only contributes to reducing
pengurangan emisi gas rumah kaca, tetapi juga             greenhouse gas emissions but also strengthens
memperkuat       komitmen     Perseroan   terhadap        the Company’s commitment to sustainability
keberlanjutan dan ekonomi sirkular dengan                 and the circular economy by converting palm
memanfaatkan limbah hasil produksi pabrik kelapa          oil mill waste into an energy source. Through the
sawit menjadi sumber energi. Melalui sinergi antara       synergy between KCP and BPP, the Company has
KCP dan BPP, Perseroan berhasil meningkatkan              successfully   improved    operational    efficiency,
efisiensi operasional, mengoptimalkan pemanfaatan         optimized resource utilization, and enhanced its
sumber daya, dan memperkuat daya saing di                 competitiveness in the palm oil industry.
industri kelapa sawit.

Selain menghasilkan listrik untuk kebutuhan internal,     In addition to generating electricity for internal
DL juga konsisten menjual kelebihan tenaga listrik        needs, DL consistently sells excess power to
(excess power) kepada PT PLN (Persero). Energi ini        PT PLN (Persero). This energy is produced by
dihasilkan oleh generator berbasis kelapa sawit           palm oil-based generators located at the palm
yang berlokasi di pabrik pengolahan kelapa sawit          oil processing plant of PT Tanjung Buyu Perkasa
PT Tanjung Buyu Perkasa Plantation (TBP) di               Plantation (TBP) in Talisayan District, Berau Regency,
Kecamatan Talisayan, Kabupaten Berau, dengan              with a capacity of 200 kW, as well as PT Telen (TLN)
kapasitas 200 kW, serta PT Telen (TLN) di Kecamatan       in Karangan District, East Kutai Regency, which also
Karangan, Kabupaten Kutai Timur, yang juga                has a capacity of 200 kW.
memiliki kapasitas 200 kW.




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  Circular Economy and Climate Impact
  Laporan Tahunan 2024 / 2024 Annual Report




                                                 Pelepah Sawit
                                                     Palm Fonds




                                                       Kebun
                                                    Kelapa Sawit
                                                       Palm Oil
                                                      Plantation                                       POME




    Pengolahan                                                                                            Pembangkit Listrik
      Kompos                                                                                                Tenaga Biogas
     Composting
                                                                                                              Biogas Power Plant
                                    TKKS
                                                                                            IPAL




Pengiriman
 Shipping
                                                                Pabrik
                                                             Kelapa Sawit
                                                              Palm Oil Mill
                                                                                        Rescue Fiber
                                                                                        & Shell

                          Minyak Sawit Mentah
                              Crude Palm Oil



                 Minyak Inti
                 Sawit Mentah
                 Crude Palm                                                                                    Energi Listrik
                 Kernel Oil                                                                                    Electrical Energy


                  Pabrik
               Pengolahan
                Inti Sawit                     Inti Sawit
            Kernel Crushing Plant              Palm Kernel

                                                                              Perumahan Karyawan
                                                                                Employee Housing




             Bungkil Inti Sawit
             Palm Kernel Expeller




 POME : Palm Oil Mill Effluent (Limbah Cair Kelapa Sawit)
 IPAL : Instalasi Pengolahan Air Limbah
 TKKS : Tandan Kosong Kelapa Sawit / Empty Fruits Bunches




   90        PT Teladan Prima Agro Tbk
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                                       Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




                                                                Pertumbuhan
                                                                   Growth
             Uraian                2024            2023                                         Description
                                                             Nominal
                                                                                  %
                                                             Amount

Penjualan Tenaga Listrik Lebih                                                                    Sale of Excess Power
                                  149.413          177.594   (28.181)           (15,9)
(kWh)                                                                                                            (kWh)

Nilai Penjualan (Rp juta)             172             204      (32)             (15,7)         Sales Value (Rp million)


Implementasi Ekonomi Sirkular                                Implementation of Circular Economy
pada Kegiatan Operasional                                    in Operational Activities
Perseroan      terus     memperkuat       komitmen           The Company continues to strengthen its
keberlanjutan dengan menerapkan prinsip ekonomi              commitment to sustainability by applying circular
sirkular. Pada tahun 2024, Perseroan meresmikan              economy principles. In 2024, the Company
KCP dan BPP di Kecamatan Muara Bengkal,                      inaugurated a KCP and a BPP in Muara Bengkal
Kabupaten Kutai Timur, Kalimantan Timur. Dengan              District, East Kutai Regency, East Kalimantan. Through
konsep closing the loop, Perseroan memastikan                the concept of closing the loop, the Company
setiap proses pengolahan tandan buah segar (TBS)             ensures that every stage of fresh fruit bunch (FFB)
meminimalkan limbah yang terbuang. Limbah                    processing minimizes waste. Waste such as POME
seperti POME diolah di BPP menjadi gas metana untuk          is processed in the BPP into methane gas, which
pembangkit listrik yang mendukung operasional                serves as a power source for KCP operations and
KCP dan pabrik lainnya. Selain itu, tandan buah              other processing plants. Additionally, empty fruit
kosong (EFB) digunakan kembali sebagai pupuk                 bunches (EFB) are repurposed as organic fertilizer for
organik di perkebunan, sehingga membantu                     plantations, naturally enhancing soil fertility.
meningkatkan kesuburan tanah secara alami.

Sebagai bagian dari penerapan konsep zero waste,             As part of its zero-waste approach, the Company
Perseroan juga memanfaatkan inti kelapa sawit (PK)           also utilizes PK to produce high-value products
untuk menghasilkan produk bernilai tambah seperti            such as CPKO and PKE, which have strong
CPKO dan PKE, yang memiliki nilai komersial tinggi.          commercial potential. This initiative not only reduces
Langkah ini tidak hanya mendukung pengurangan                environmental impact and supports climate change
dampak lingkungan dan mitigasi perubahan iklim,              mitigation but also creates new revenue opportunities
tetapi juga menciptakan peluang pendapatan baru              through palm oil product diversification.
melalui diversifikasi produk kelapa sawit.

Integrasi antara KCP dan BPP mencerminkan                    The integration of KCP and BPP reflects the Company’s
strategi Perseroan dalam efisiensi operasional serta         strategy   to    enhance     operational     efficiency
optimalisasi pemanfaatan sumber daya. Inisiatif ini          and optimize resource utilization. This initiative
memperkuat daya saing perusahaan, mendukung                  strengthens the Company’s competitiveness,
keberlanjutan    industri    kelapa    sawit,   serta        supports the sustainability of the palm oil industry,
memberikan        kontribusi     nyata      terhadap         and contributes to the development of a circular
pembangunan ekonomi berbasis sirkular yang selaras           economy aligned with global environmental
dengan komitmen global terhadap lingkungan.                  commitments.


Profitabilitas
Profitability
                                                                                                          (dalam % / in %)


             Uraian                         2024                        2023                    Description

Margin Laba Kotor                           34,6                        26,7                        Gross Profit Margin

Margin Laba Usaha                           26,4                         17,7                   Operating Profit Margin

Margin Laba Bersih                          19,6                         11,3                         Net Profit Margin

Imbal Hasil atas Aset                       14,6                         8,3                          Return on Assets

Imbal Hasil atas Ekuitas                    26,3                        18,4                          Return on Equity




                                                                                PT Teladan Prima Agro Tbk         91
Page 94
  Circular Economy and Climate Impact
  Laporan Tahunan 2024 / 2024 Annual Report




Per Desember 2024, indikator profitabilitas Perseroan     As of December 2024, the Company’s profitability
menunjukkan kinerja yang positif. Margin laba             indicators showed positive performances. The gross
kotor, margin usaha, dan margin laba bersih               profit margin, operating margin, and net profit margin
masing-masing tercatat sebesar 34,6%, 26,4%, dan          recorded at 34.6%, 26.4%, and 19.6% respectively,
19,6%, mengalami peningkatan dibandingkan tahun           increased compared to 2023 which were recorded at
2023 yang masing-masing tercatat sebesar 26,7%,           26.7%, 17.7%, and 11.3% respectively.
17,7%, dan 11,3%.

Selain itu, imbal hasil atas aset (ROA) dan imbal hasil   Meanwhile, the return on assets (ROA) and return
atas ekuitas (ROE) juga mencatatkan kinerja yang          on equity (ROE) also recorded good performances.
baik. ROA mencapai 14,6%, meningkat dari 8,3% pada        The ROA reached 14.6%, increased from 8.3% in 2023,
tahun 2023, sementara ROE tercatat sebesar 26,3%,         while ROE was recorded at 26.3%, growing from 18.4%
tumbuh dari 18,4% pada tahun sebelumnya.                  in previous year.



Strategi Pengembangan Usaha                               Business Development Strategy
Tahun 2024                                                for 2024

Strategi pengembangan usaha yang diterapkan               The Company’s business development strategy
Perseroan di tahun 2024 diuraikan sebagai berikut.        implemented in 2024 is outlined as follows.
1. Meningkatkan efisiensi operasional dengan              1. Enhancing operational efficiency by reducing
    menekan biaya produksi melalui pengoptimalan             production costs through process optimization
    proses dan peningkatan kapasitas pabrik.                 and increasing plant capacity.
2. Mendiversifikasi produk dengan mengolah                2. Diversifying products by processing a portion
    sebagian palm kernel menjadi CPKO dan PKE                of palm kernel into CPKO and PKE to expand the
    untuk memperluas lini produk dan meningkatkan            product line and increase the added value of
    nilai tambah produk kelapa sawit.                        palm oil products.
3. Mengintegrasikan pendekatan ekonomi sirkular           3. Integrating a circular economy approach by
    dengan mengolah limbah, seperti POME menjadi             processing waste, such as POME, into biogas to
    biogas untuk menghasilkan energi terbarukan,             generate renewable energy, reduce reliance on
    mengurangi ketergantungan pada energi fosil,             fossil fuels, and support sustainability.
    dan mendukung keberlanjutan.
4. Memperkuat komitmen terhadap keberlanjutan             4. Strengthening the commitment to sustainability
    dan energi terbarukan dengan membangun BPP               and renewable energy by developing a BPP to
    untuk mendukung penggunaan energi terbarukan             promote renewable energy use and reduce
    dan mengurangi emisi gas rumah kaca.                     greenhouse gas emissions.
5. Memperluas implementasi teknologi ramah                5. Expanding the implementation of environmentally
    lingkungan dengan menerapkan teknologi                   friendly technology by adopting sustainable
    ramah lingkungan untuk mengelola limbah dan              waste management solutions across operations
    mendukung keberlanjutan lingkungan di seluruh            to support environmental sustainability.
    operasional.
6. Memanfaatkan limbah untuk inovasi produk               6. Utilizing waste for product innovation by
    dengan menggunakan produk sampingan                      repurposing by-products such as empty fruit
    seperti tandan buah kosong (EFB) untuk dijadikan         bunches (EFB) into compost to improve soil
    kompos yang meningkatkan kualitas tanah dan              quality and reduce the use of synthetic fertilizers.
    mengurangi penggunaan pupuk sintetis.




   92      PT Teladan Prima Agro Tbk
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                                        Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




TINJAUAN KEUANGAN
  Financial Review

Perseroan mengungkapkan informasi keuangan                       The Company disclosed financial information based
berdasarkan Laporan Keuangan Konsolidasian per                   on the Consolidated Financial Statements as of
31 Desember 2024 dan 2023, yang telah diaudit oleh               31 December 2024 and 2023, which were audited
Kantor Akuntan Publik (KAP) Purwantono, Sungkoro,                by the Public Accounting Firm (KAP) Purwantono,
dan Surja. Laporan tersebut memperoleh opini wajar               Sungkoro, and Surja. The report received an
dalam semua hal yang material dan ditandatangani                 unqualified opinion in all material respects and was
oleh Dede Rusli (Registrasi Akuntan Publik No. AP.1716)          signed by Dede Rusli (Public Accountant Registration
pada tanggal 20 Maret 2025.                                      No. AP.1716) on 20 March 2025.



Laporan Posisi Keuangan Konsolidasian
Consolidated Statement of Financial Position
                                        (dalam jutaan Rupiah, kecuali dinyatakan lain / in millions of Rupiah, unless otherwise stated)


                                                                     Pertumbuhan
                                                                        Growth
              Uraian                2024           2023                                                    Description
                                                                Nominal
                                                                                     %
                                                                Amount

Aset Lancar                        1.766.580     1.613.999         152.581           9,5                            Current Assets

Aset Tidak Lancar                 3.897.865     3.809.800          88.065            2,3                      Non-Current Assets

Total Aset                        5.664.445     5.423.799        240.646             4,4                              Total Assets

Liabilitas Jangka Pendek           1.572.692    1.689.684        (116.992)         (6,9)                         Current Liabilities

Liabilitas Jangka Panjang           946.936      1.275.838      (328.902)        (25,8)                    Non-Current Liabilities

Total Liabilitas                   2.519.627    2.965.522      (445.895)          (15,0)                           Total Liabilities

Ekuitas                            3.144.818    2.458.277         686.541           27,9                                      Equity

Total Liabilitas dan Ekuitas      5.664.445     5.423.799        240.646            4,4               Total Liabilities and Equity



Aset                                                             Assets
Pada tahun 2024, total aset Perseroan tercatat                   In 2024, the Company recorded a total assets
sebesar Rp5,66 triliun, meningkat sebesar 4,4% atau              amounted to Rp5.66 trillion, a 4.4% increase or
Rp240,65 miliar dibandingkan tahun sebelumnya                    Rp240.65 billion compared to Rp5.42 trillion recorded
yang tercatat sebesar Rp5,42 triliun. Hal ini                    in the previous year. This was due to 9.5% increase
disebabkan oleh meningkatnya aset lancar sebesar                 in current assets or equal to Rp152.58 billion, and
9,5% atau setara Rp152,58 miliar dan meningkatnya                2.3% increase in non-current assets or equal to
aset tidak lancar sebesar 2,3% atau setara                       Rp88.07 billion.
Rp88,07 miliar.

Perseroan mencatatkan aset lancar sebesar                        The Company recorded current assets amounted
Rp1,77 triliun, meningkat sebesar 9,5% atau                      to Rp1.77 trillion, a 9.5% increase or Rp152.58 billion
Rp152,58 miliar dibandingkan tahun 2023 sebesar                  compared to Rp1.61 trillion in 2023. This condition
Rp1,61 triliun. Kondisi ini dipengaruhi oleh menurunnya          was influenced by the decreases in cash and cash
kas dan setara kas, pajak dibayar di muka, uang                  equivalents, prepaid taxes, advances to suppliers,
muka pemasok dan aset lancar lainnya sebesar                     and other current assets totaling Rp141.44 billion,
Rp141,44 miliar, namun diimbangi dengan kenaikan                 which was offset by increases in inventory, biological
pada persediaan, aset biologis, piutang usaha, dan               assets, trade receivables, and other receivables
piutang lainnya sebesar Rp294,02 miliar.                         amounted to Rp294.02 billion.




                                                                                 PT Teladan Prima Agro Tbk                     93
Page 96
  Circular Economy and Climate Impact
  Laporan Tahunan 2024 / 2024 Annual Report




Aset tidak lancar Perseroan tercatat sebesar              In 2024, the Company’s recorded non-current
Rp3,90 triliun di tahun 2024, meningkat sebesar           assets amounted to Rp3.90 trillion, a 2.3% increase
2,3% atau Rp88,06 miliar dibandingkan tahun               or Rp88.06 billion compared to Rp3.81 trillion
sebelumnya yang tercatat sebesar Rp3,81 triliun.          recorded in the previous year. This increase was
Peningkatan ini terutama dilatarbelakangi oleh            mainly due to increase in fixed assets amounted to
meningkatnya aset tetap sebesar Rp147,20 miliar           Rp147.20 billion and advances for fixed assets
dan uang muka perolehan aset tetap sebesar Rp2,61         acquisitions amounted to Rp2.61 billion.
miliar.

Liabilitas                                                Liabilities
Perseroan mencatatkan total liabilitas sebesar            In 2024, the Company recorded total liabilities of
Rp2,52 triliun di tahun 2024. Jumlah tersebut             Rp2.52 trillion, a 15.0% decrease or Rp445.90 billion
menurun sebesar 15,0% atau Rp445,90 miliar                compared to Rp2.97 trillion recorded in 2023.
dibandingkan tahun 2023 yang tercatat sebesar             This decline was in line with the decreases in current
Rp2,97 triliun. Kondisi ini sejalan dengan menurunnya     and non-current liabilities.
liabilitas jangka pendek dan liabilitas jangka panjang.

Pada tahun 2024, liabilitas jangka pendek Perseroan       In 2024, the Company’s recorded current liabilities
tercatat     sebesar   Rp1,57   triliun, mengalami        amounted to Rp1.57 trillion, which had a 6.9%
penurunan sebesar 6,9% atau Rp116,99 miliar               decrease or Rp116.99 billion compared to Rp1.69
dibandingkan tahun sebelumnya yang sebesar                trillion in the previous year. This change was mainly
Rp1,69 triliun. Perubahan ini terutama disebabkan         caused by the decrease in short-term bank loans by
oleh berkurangnya utang jangka pendek dari                23.9% or Rp106.02 billion, as well as the decrease in
utang bank sebesar 23,9% atau Rp106,02 miliar,            contract liabilities by 26.1% or Rp86.39 billion.
serta liabilitas kontrak yang menurun 26,1% atau
Rp86,39 miliar.

Liabilitas jangka panjang Perseroan juga menurun          The Company’s non-current liabilities also decreased
sebesar 25,8% atau Rp328,90 miliar, dari Rp1,28 triliun   by 25.8% or Rp328.90 billion, from Rp1.28 trillion in
di tahun 2023 menjadi Rp946,94 miliar di tahun 2024.      2023 to Rp946.94 billion in 2024. This condition was
Keadaan ini dipengaruhi oleh menurunnya bagian            influenced by the decrease in long-term portion of
jangka panjang dari utang bank dan liabilitas             the bank loans and lease liabilities, of Rp336.46 billion
sewa masing-masing sebesar Rp336,46 miliar dan            and Rp58.34 billion, respectively.
Rp58,34 miliar.

Ekuitas                                                   Equity
Pada tahun 2024, Perseroan mencatat total                 In 2024, the Company recorded a total equity
ekuitas sebesar Rp3,14 triliun, meningkat 27,9% atau      amounted to Rp3.14 trillion, a 27.9% increase or
Rp686,54 miliar dibandingkan tahun sebelumnya             Rp686.54 billion from Rp2.46 trillion recorded
yang tercatat sebesar Rp2,46 triliun. Peningkatan         in previous year. This increase was mainly
ini terutama dipengaruhi oleh kenaikan saldo laba         influenced by 67.8% or Rp686.534 billion increase in
yang belum ditentukan penggunaannya sebesar               unappropriated retained earnings.
67,8% atau Rp686,534 miliar.




  94         PT Teladan Prima Agro Tbk
Page 97
                                          Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




Laporan Laba Rugi dan Penghasilan Komprehensif Lain Konsolidasian
Consolidated Statement of Profit or Loss and Other Comprehensive Income
                                          (dalam jutaan Rupiah, kecuali dinyatakan lain / in millions of Rupiah, unless otherwise stated)


                                                                       Pertumbuhan
                                                                          Growth
             Uraian                  2024            2023                                                    Description
                                                                  Nominal
                                                                                       %
                                                                  Amount

Pendapatan                           4.211.481     4.007.082        204.399             5,1                                  Revenue

Beban Pokok Penjualan              (2.755.325)    (2.936.769)         181.444        (6,2)                       Cost of Goods Sold

Laba Bruto                          1.456.156       1.070.313       385.843          36,0                                Gross Profit

Laba (Rugi) atas Perubahan Nilai                                                                    Gain (Loss) on the Changes in
                                       86.258            1.389        84.869        6.112,3
Wajar Aset Biologis                                                                              the Fair Value of Biological Assets

Beban Penjualan dan Distribusi      (173.790)      (203.652)        (29.862)        (14,7)       Selling and Distribution Expenses

                                                                                                                      General and
Beban Umum dan Administrasi        (258.644)       (206.434)           52.210         25,3
                                                                                                           Administrative Expenses

Penghasilan Operasi Lain                33.191         72.648       (39.457)       (54,3)                  Other Operating Income

Beban Operasi Lain                   (33.022)        (24.238)          8.783          36,2               Other Operating Expenses

Laba Usaha                            1.110.149       710.026        400.123         56,4                           Operating Profit

Penghasilan Keuangan                   20.001           22.169        (2.168)        (9,8)                          Finance Income

Pajak Final atas
                                      (3.998)         (3.504)            494           14,1          Final Tax on Financial Income
Penghasilan Keuangan

Beban Keuangan                       (67.775)       (107.542)       (39.767)        (37,0)                        Finance Expenses

Laba Sebelum Pajak
                                    1.058.376         621.149        437.227         70,4                 Profit Before Income Tax
Penghasilan

Beban Pajak Penghasilan             (232.782)       (169.355)         63.426          37,5                     Income Tax Expense

Laba Tahun Berjalan                  825.594         451.794        373.800           82,7                        Profit for the Year

Penghasilan Komprehensif Lain                                                                      Other Comprehensive Income
                                       19.308            1.233        18.075      1.465,9
Tahun Berjalan Setelah Pajak                                                                              for the Year, Net of Tax

Total Penghasilan Komprehensif                                                                      Total Comprehensive Income
                                     844.902         453.026         391.876         86,5
Tahun Berjalan                                                                                                     for the Year

Total Penghasilan Komprehensif Tahun Berjalan yang Dapat Diatribusikan kepada:
Total Comprehensive Income for the Year Attributable to:

  Pemilik Entitas Induk               825.587         451.790        373.798          82,7                  Owners of the Parent

  Kepentingan Non-Pengendali                 7               4              3         75,0             Non-Controlling Interests

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

  Pemilik Entitas Induk              844.895         453.022         391.869         86,5                   Owners of the Parent

  Kepentingan Non-Pengendali                 7               4              3         75,0             Non-Controlling Interests

Laba per Saham Dasar                                                                                      Basic Earnings per Share
                                         63,77          34,90              29         82,7
(Angka Penuh)                                                                                                        (Full Amount)




                                                                                   PT Teladan Prima Agro Tbk                     95
Page 98
  Circular Economy and Climate Impact
  Laporan Tahunan 2024 / 2024 Annual Report




Pendapatan                                                 Revenue
Pada tahun 2024, pendapatan Perseroan tercatat             In 2024, the Company’s recorded revenue amounted
sebesar Rp4,21 triliun, meningkat 5,1% atau setara         to Rp4.21 trillion, a 5.1% increase or Rp204.40 billion
Rp204,40 miliar, dibandingkan tahun 2023 yang              compared to Rp4.01 trillion recorded in 2023. This was
tercatat sebesar Rp4,01 triliun. Kondisi ini dipengaruhi   influenced by higher third-party revenue from the
oleh meningkatnya pendapatan dari pihak ketiga             sales of palm oil and palm kernel oil.
minyak kelapa sawit dan minyak inti kelapa sawit.

Beban Pokok Penjualan                                      Cost of Goods Sold
Beban pokok penjualan di tahun 2024 tercatat               In 2024, the recorded cost of goods sold reached
sebesar Rp2,76 triliun. Jumlah tersebut menurun            Rp2.76 trillion. It represents a 6.2% decrease or
sebesar 6,2% atau Rp181,44 miliar, dibandingkan            Rp181.44 billion compared to Rp2.94 trillion recorded
tahun    sebelumnya     yang   tercatat  sebesar           in the previous year. This condition was influenced by
Rp2,94   triliun. Kondisi  ini disebabkan   oleh           the rises in the direct and indirect production costs,
meningkatnya biaya produksi langsung dan biaya             although they were offset by adjustments made in
produksi tidak langsung, namun diimbangi dengan            the inventory.
penyesuaian pada persediaan.

Laba Bruto                                                 Gross Profit
Pada tahun 2024, laba bruto Perseroan tercatat             In 2024, the Company’s recorded gross profit
sebesar Rp1,46 triliun, meningkat sebesar 36,0%            amounted to Rp1.46 trillion, a 36.0% increase or
atau Rp385,84 miliar dibandingkan tahun 2023               Rp385.84 billion compared to Rp1.07 trillion recorded
yang tercatat sebesar Rp1,07 triliun. Kondisi ini          in 2023. This increase reflected the Company’s
sejalan dengan meningkatnya pendapatan serta               increasing revenue and decreasing cost of goods
menurunnya beban pokok penjualan Perseroan.                sold.

Beban Umum dan Administrasi                                General and Administrative Expenses
Beban umum dan administrasi tercatat sebesar               In 2024, the recorded general and administrative
Rp258,64 miliar di tahun 2024, meningkat sebesar           expenses amounted to Rp258.64 billion, a 25.3%
25,3% atau Rp52,21 miliar, dibandingkan tahun 2023         increase or Rp52.21 billion from Rp206.43 billion
yang tercatat sebesar Rp206,43 miliar. Kondisi ini         recorded in 2023. This condition was influenced by
dipengaruhi oleh meningkatnya semua komponen               increases experienced by all components of general
beban umum dan administrasi.                               and administrative expenses.

Laba Usaha                                                 Operating Profit
Laba usaha Perseroan meningkat sebesar 56,4%               The company’s operating profit experienced 56.4%
atau Rp400,12 miliar, dari Rp710,03 miliar di tahun        increase or Rp400.12 billion, from Rp710.03 billion
2023 menjadi Rp1,11 triliun di tahun 2024. Kondisi ini     in 2023 to Rp1.11 trillion in 2024. This was mainly due
terutama didorong oleh kenaikan laba bruto sebesar         to increasing gross profit of Rp385.84 billion, as
Rp385,84 miliar serta keuntungan dari perubahan            well as gains from fair value changes of biological
nilai wajar aset biologis sebesar Rp84,87 miliar.          assets of Rp84.87 billion. Meanwhile, the increases
Di sisi lain, peningkatan beban umum dan                   in the general and administrative expenses and
administrasi serta perubahan dalam pendapatan              changes in other operating income and expenses,
dan beban operasi lainnya turut memengaruhi                also influenced the operating profit performance
kinerja laba usaha sepanjang tahun.                        throughout the year.

Laba Sebelum Pajak Penghasilan                             Profit Before Income Tax
Laba sebelum pajak penghasilan tercatat sebesar            In 2024, the recorded profit before income tax
Rp1,06 triliun di tahun 2024. Jumlah tersebut              amounted to Rp1.06 trillion. It reflected a 70.4%
meningkat sebesar 70,4% atau Rp437,23 miliar,              increase or Rp437.23 billion from Rp621.15 billion
dibandingkan tahun 2023 yang tercatat sebesar              recorded in 2023. This condition was mainly
Rp621,15 miliar. Kondisi ini dipengaruhi oleh              influenced by Rp400.12 billion increase in operating
meningkatnya laba usaha sebesar Rp400,12 miliar            profit and Rp37.10 billion decrease in finance costs.
dan menurunnya beban keuangan sebesar
Rp37,10 miliar.




  96       PT Teladan Prima Agro Tbk
Page 99
                                       Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




Beban Pajak Penghasilan                                         Income Tax Expense
Pada tahun 2024, beban pajak penghasilan                        In 2024, the Company’s recorded income tax expense
Perseroan tercatat sebesar Rp232,78 miliar,                     amounted to Rp232.78 billion, a 37.5% increase or
mengalami peningkatan sebesar 37,5% atau                        Rp63.43 billion from Rp169.36 billion recorded in
setara Rp63,43 miliar dibandingkan tahun 2023                   2023. This increase was in line with the increase of
yang tercatat sebesar Rp169,36 miliar. Kondisi ini              Company’s profit before income tax.
sejalan dengan meningkatnya laba sebelum pajak
penghasilan Perseroan.

Laba Tahun Berjalan                                             Profit for the Year
Pada tahun 2024, laba tahun berjalan Perseroan                  In 2024, the Company’s recorded profit for the
tercatat sebesar Rp825,59 miliar, mengalami                     year reached Rp825.59 billion, a 82.7% increase or
peningkatan sebesar 82,7% atau Rp373,80 miliar                  Rp373.80 billion compared to Rp451.79 billion
dibandingkan dengan tahun 2023 yang tercatat                    recorded in 2023. It was mainly driven by the
sebesar Rp451,79 miliar. Hal ini terutama dipengaruhi           increasing operating profit and coupled with
oleh meningkatnya laba usaha dan menurunnya                     decreasing financial expenses of the Company.
beban keuangan Perseroan.



Laporan Posisi Keuangan Konsolidasian
Consolidated Statement of Cash Flows
                                       (dalam jutaan Rupiah, kecuali dinyatakan lain / in millions of Rupiah, unless otherwise stated)


                                                                    Pertumbuhan
                                                                       Growth
            Uraian                 2024           2023                                                    Description
                                                               Nominal
                                                                                    %
                                                               Amount

Arus Kas Bersih yang Diperoleh                                                                           Cash Flows Provided by
                                  1.140.257     1.313.646       (173.389)         (13,2)
dari Aktivitas Operasi                                                                                      Operating Activities

Arus Kas Bersih yang Digunakan                                                                                Cash Flows Used in
                                  (415.471)     (410.091)           5.380            1,3
untuk Aktivitas Investasi                                                                                     Investing Activities

Arus Kas Bersih yang Digunakan                                                                                Cash Flows Used in
                                 (821.536)     (907.798)        (86.262)          (9,5)
untuk Aktivitas Pendanaan                                                                                     Financing Activities

Penuruna Neto Kas dan                                                                                     Decrease in Cash and
                                  (96.750)        (4.243)          92.507       2.180,2
Setara Kas                                                                                                    Cash Equivalents

                                                                                                    Net Effect of Exchange Rate
Dampak Neto Perubahan Nilai
                                        42            (16)             58       (362,5)                  Changes on Cash and
Tukar atas Kas dan Setara Kas
                                                                                                               Cash Equivalents

                                                                                                 Cash and Cash Equivalents at
Kas dan Setara Kas Awal Tahun     583.295        587.555          (4.259)         (0,7)
                                                                                                            Beginning of Year

                                                                                                Cash and Cash Equivalents at
Kas dan Setara Kas Akhir Tahun    486.588        583.295        (96.707)         (16,6)
                                                                                                                 End of Year




Arus Kas Bersih yang Diperoleh dari                             Cash Flows Provided by
Aktivitas Operasi                                               Operating Activities
Pada tahun 2024, kas bersih yang diperoleh                      In 2024, the Company’s cash flows provided by
Perseroan dari aktivitas operasi tercatat sebesar               operating activities amounted to Rp1.14 trillion.
Rp1,14 triliun. Jumlah tersebut menurun sebesar                 It reflects a 13.2% decrease or Rp173.39 billion
13,2% atau Rp173,39 miliar, dibandingkan tahun                  compared to Rp1.31 trillion recorded in 2023.
2023 yang tercatat sebesar Rp1,31 triliun. Hal ini              This increase was mainly due to higher payments
disebabkan oleh meningkatnya pembayaran                         made to suppliers and employees, amounted to
kepada       pemasok   dan    karyawan    sebesar               Rp209.33 billion.
Rp209,33 miliar.




                                                                                PT Teladan Prima Agro Tbk                     97
Page 100
 Circular Economy and Climate Impact
 Laporan Tahunan 2024 / 2024 Annual Report




Arus Kas Bersih yang Digunakan untuk                 Cash Flows Used in Investing Activities
Aktivitas Investasi
Kas bersih yang digunakan untuk aktivitas            In 2024, the cash flows used in investing activities
investasi pada tahun 2024 tercatat sebesar           amounted to Rp415.47 billion, a 1.3% increase or
Rp415,47 miliar, meningkat sebesar 1,3% atau         Rp5.38 billion compared to Rp410.09 billion recorded
Rp5,38 miliar dibandingkan tahun sebelumnya          in the previous year. This was mainly due to higher
yang tercatat sebesar Rp410,09 miliar. Kondisi       fixed assets acquisitions, amounted to Rp10.10 billion,
ini terutama disebabkan oleh meningkatnya            although it was offset by lower disposal of fixed
perolehan aset tetap sebesar Rp10,10 miliar,         assets amounted to Rp2.13 billion and advances for
namun diimbangi dengan menurunnya pelepasan          fixed assets acquisitions amounted to Rp3.07 billion.
aset tetap sebesar Rp2,13 miliar dan uang muka
perolehan aset tetap sebesar Rp3,07 miliar.

Arus Kas Bersih yang Digunakan untuk                 Cash Flows Used in Financing Activities
Aktivitas Pendanaan
Perseroan telah menggunakan kas bersih untuk         In 2024, the Company has used cash flows for
aktivitas pendanaan sebesar Rp821,54 miliar          financing activities amounted to Rp821.54. This
di tahun 2024. Jumlah tersebut menurun sebesar       reflects 9.5% decrease or Rp86.26 billion compared
9,5% atau Rp86,26 miliar dibandingkan tahun          to Rp907.80 billion recorded in 2023. This condition
2023 yang tercatat sebesar Rp907,80 miliar.          was mainly influenced by increasing repayments
Keadaan       ini   terutama  dipengaruhi     oleh   of lease liabilities amounted to Rp60.56 billion, but
meningkatnya       pembayaran     liabilitas sewa    offset by the decreasing repayments of bank loans
sebesar Rp60,56 miliar, namun diimbangi dengan       amounted to Rp110.43 billion and payment of cash
menurunnya pembayaran utang bank sebesar             dividend amounted Rp16.40 billion.
Rp110,43 miliar dan pembayaran dividen kas sebesar
Rp16,40 miliar.




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Page 101
                                       Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




KEMAMPUAN MEMBAYAR UTANG
  Debt Repayment Ability

Kemampuan membayar utang Perseroan dihitung               The Company’s ability to pay its debts is calculated
berdasarkan perhitungan rasio likuiditas dan rasio        based on liquidity ratios and solvency ratios as
solvabilitas sebagai berikut.                             follows.

                                                                                                        (dalam x / in x)


               Uraian                     2024                    2023                      Description

Rasio Likuiditas                                                                                  Liquidity Ratios

Rasio Lancar                               1,1                     1,0                                 Current Ratio

Rasio Kas                                 0,3                      0,3                                   Cash Ratio

Rasio Solvabilitas                                                                                Solvency Ratios

Rasio Liabilitas terhadap Aset            0,4                      0,5                    Liabilities to Assets Ratio

Rasio Liabilitas terhadap Ekuitas         0,8                      1,2                     Liabilities to Equity Ratio


Rasio Likuiditas                                          Liquidity Ratios
Perseroan menggunakan rasio likuiditas, yang terdiri      The Company uses liquidity ratios, consisting of the
dari rasio lancar dan rasio kas, untuk mengukur           current ratio and cash ratio, to measure its ability
kemampuan         dalam    memenuhi      kewajiban        to meet short-term obligations. In 2024, the current
jangka pendek. Pada tahun 2024, rasio lancar              ratio was recorded at 1.1, an increase compared to
tercatat sebesar 1,1 kali, mengalami peningkatan          1.0 recorded in previous year. The 2024 cash ratio
dibandingkan tahun sebelumnya yang tercatat               remained unchanged from the previous year, which
sebesar 1,0 kali. Rasio kas pada tahun 2024 tidak         was recorded at 0.3.
mengalami perubahan dibandingkan dengan tahun
sebelumnya, yang tercatat sebesar 0,3 kali.

Rasio Solvabilitas                                        Solvency Ratios
Perseroan mengukur kemampuan memenuhi                     The Company measures its ability to meet long-term
kewajiban jangka panjang melalui perhitungan rasio        obligations through the calculation of the liability-
liabilitas terhadap aset dan rasio liabilitas terhadap    to-asset ratio and the liability-to-equity ratio.
ekuitas. Pada tahun 2024, rasio liabilitas terhadap       In 2024, the liabilities to assets ratio was recorded at
aset tercatat sebesar 0,4 kali, mengalami penurunan       0.4, a decrease compared to 0.5 recorded in 2023.
dibandingkan tahun 2023 yang tercatat sebesar             The similar goes for the liabilities to equity ratio that
0,5 kali. Begitu juga dengan rasio liabilitas terhadap    declined from 1.2 in 2023 to 0.8 in 2024.
ekuitas yang menunjukkan penurunan, dari 1,2 kali di
tahun 2023 menjadi 0,8 kali di tahun 2024.




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Page 102
  Circular Economy and Climate Impact
  Laporan Tahunan 2024 / 2024 Annual Report




TINGKAT KOLEKTIBILITAS PIUTANG
  Accounts Receivable Collection Rate


             Uraian                         2024                   2023                     Description

 Rasio Rata-Rata Lama Penagihan                                                          Average Collection Period
                                                5                     4
 (hari)                                                                                                    (days)

 Rasio Perputaran Piutang (x)                 93,6                 100,7             Receivables Turnover Ratio (x)


Pada tahun 2024, rata-rata waktu pengumpulan                In 2024, the average collection period for the
piutang Perseroan meningkat menjadi 5 hari, lebih           Company’s receivables increased to 5 days, longer
lama dibandingkan dengan 4 hari pada tahun                  than the 4 days in the previous year. Meanwhile,
sebelumnya. Sementara itu, tingkat perputaran               the receivable turnover rate was recorded at
piutang tercatat sebesar 93,6 kali, menurun                 93.6 times, a decrease compared to 100.7 times in
dibandingkan dengan 100,7 kali pada tahun 2023.             2023.




STRUKTUR PERMODALAN
  Capital Structure

Perseroan berkomitmen menjaga kinerja keuangan              The Company is committed to maintaining a
yang sehat dengan mempertahankan struktur                   healthy financial performance by ensuring an
permodalan yang efektif melalui pemantauan                  effective capital structure through continuous
perubahan kondisi ekonomi dan industri, serta               monitoring of economic and industry changes,
pengupayaan pendanaan dari Pemegang Saham                   as well as securing funding from Shareholders in
sesuai kebijakan yang berlaku. Upaya ini juga               accordance with applicable policies. This effort also
mencakup pengawasan terhadap kepemilikan                    includes overseeing capital and debt ownership by
modal dan utang melalui perhitungan rasio utang             calculating the debt-to-equity ratio.
terhadap modal.

Pada tahun 2024, struktur modal Perseroan tetap             In 2024, the Company’s capital structure remained
terjaga dalam kondisi sehat dan efektif, sebagaimana        sound and effective, as reflected in a total
tercermin dari rasio total liabilitas terhadap ekuitas      liabilities-to-equity ratio of 0.8x. Meanwhile, the
sebesar 0,8 kali. Di sisi lain, rasio utang bank terhadap   bank debt-to-equity ratio declined to 0.2x from 0.4x
ekuitas menurun menjadi 0,2 kali, dibandingkan              in 2023. This decrease demonstrates more efficient
dengan 0,4 kali pada tahun 2023. Penurunan ini              debt management to support financial sustainability.
menunjukkan pengelolaan utang yang lebih efisien
untuk mendukung keberlanjutan keuangan.




  100       PT Teladan Prima Agro Tbk
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                                     Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




IKATAN MATERIAL TERKAIT
INVESTASI BARANG MODAL
   Material Commitments Related to
   Capital Goods Investments

Perseroan melakukan investasi barang modal untuk        The Company invests in capital goods to support the
mendukung kelancaran dan keberlanjutan aktivitas        smooth operation and sustainability of its business
operasional. Pada tahun 2024, Perseroan memiliki        activities. In 2024, the Company committed to
komitmen pembelian barang modal sebesar                 capital expenditures amounting to Rp401.71 billion,
Rp401,71 miliar, meningkat dibandingkan tahun           an increase compared to Rp385.52 billion recorded
sebelumnya yang tercatat sebesar Rp385,52 miliar.       in the previous year. The subsidiaries contributing
Entitas Anak yang berkontribusi dalam pembelian         to the purchase of capital goods were PT Telen,
barang modal adalah PT Telen, PT Telen Prima Sawit,     PT Telen Prima Sawit, PT Tanjung Buyu Perkasa
PT Tanjung Buyu Perkasa Plantation, dan PT Daya         Plantation, and PT Daya Lestari.
Lestari.

PT Telen, memiliki kontrak pembelian barang modal       PT Telen has capital goods purchase contracts
dengan pihak ketiga untuk pembangunan Dermaga           with third parties for the construction of Labaika
Labaika dan tanki penyimpanan. Per 31 Desember          Dock and storage tanks. Total unpaid/outstanding
2024, jumlah nilai kontrak yang belum dibayar           and in-progress contract value as of 31 December
dan masih dalam proses penyelesaian sebesar             2024, amounted to Rp2.10 billion, an increase from
Rp2,10 miliar, meningkat dibandingkan tahun 2023        Rp1.14 billion recorded in 2023.
yang tercatat sebesar Rp1,14 miliar.

PT Telen Prima Sawit, memiliki kontrak pembelian        PT Telen Prima Sawit has capital goods purchase
barang modal dengan pihak ketiga untuk                  contracts with third parties for the construction of a
pembangunan kernel crushing plant, Dermaga Batu         kernel crushing plant, Batu Balai Dock, and employee
Balai, dan perumahan pegawai. Per 31 Desember           housing. Total unpaid/outstanding and in-progress
2024, jumlah nilai kontrak yang belum dibayar           contract value as of 31 December 2024, amounted to
dan masih dalam proses penyelesaian sebesar             Rp1.96 billion, a decrease from Rp5.53 billion recorded
Rp1,96 miliar, menurun dibandingkan tahun               in previous year.
sebelumnya yang tercatat sebesar Rp5,53 miliar.

PT Tanjung Buyu Perkasa Plantation, memiliki            PT Tanjung Buyu Perkasa Plantation has capital
kontrak pembelian barang modal dengan pihak             goods purchase contracts with third parties for
ketiga untuk pembangunan perumahan pegawai.             the construction of employee housing. Total
Per 31 Desember 2024, jumlah nilai kontrak              unpaid/outstanding and in-progress contract value
yang belum dibayar dan masih dalam proses               as of 31 December 2024, amounted to Rp56.5 million,
penyelesaian sebesar Rp56,5 juta, menurun               a decrease compared to Rp952.52 million recorded
dibandingkan tahun sebelumnya yang tercatat             in previous year.
sebesar Rp952,52 juta.

PT Daya Lestari, memiliki kontrak pembelian barang      PT Daya Lestari has capital goods purchase
modal dengan pihak ketiga untuk pembangunan             contracts with third parties for the construction of
pembangkit listrik tenaga biogas dan perumahan          a biogas power plant and employee housing. Total
pegawai. Per 31 Desember 2024, jumlah nilai kontrak     unpaid/outstanding and in-progress contract
yang belum dibayar dan masih dalam proses               value as of 31 December 2024, 2024, amounted to
penyelesaian sebesar Rp2,22 miliar, menurun             Rp2.22 billion, a decrease compared to Rp14.50 billion
dibandingkan tahun sebelumnya yang tercatat             recorded in previous year.
sebesar Rp14,50 miliar.




                                                                     PT Teladan Prima Agro Tbk          101
Page 104
 Circular Economy and Climate Impact
 Laporan Tahunan 2024 / 2024 Annual Report




Realisasi investasi barang modal Perseroan dalam      The Company’s capital goods investment realization
2 tahun terakhir diuraikan sebagai berikut.           over the past two years is outlined as follows.

                                                                         (dalam jutaan Rupiah / in millions of Rupiah)


            Uraian                       2024                  2023                       Description

Tanaman Produktif                                                                                  Bearer Plants

  Telah Menghasilkan                         -                     -                                     Mature

  Belum Menghasilkan                     6.450                 15.192                                 Immature

Tanah                                    27.270               26.700                                           Land

Bangunan dan Prasarana                  252.237              172.503                      Buildings and Facilities

Mesin dan Peralatan                     72.433                 21.671                 Machinery and Equipment

Alat Berat dan Kendaraan                     -                   134            Heavy Equipment and Vehicles

Perabot dan Peralatan Kantor             13.050                9.899                               Office Supplies

Aset dalam Penyelesaian                 30.268               139.422                  Assets Under Construction

Total                                  401.708               385.521                                          Total




ASPEK PEMASARAN
  Marketing Aspect

Strategi Pemasaran                                    Marketing Strategy

Pada tahun 2024, Perseroan tidak hanya                In 2024, the Company not only produced CPO and
memproduksi        CPO    dan    PK,   tetapi  juga   PK, but also developed other palm oil products,
mengembangkan produk kelapa sawit lainnya,            namely CPKO and PKE. The Company implements
yaitu CPKO dan PKE. Perseroan menerapkan strategi     a solid marketing strategy to sustain long-term
pemasaran yang solid guna mempertahankan              success. Throughout 2024, the Company continued
keberhasilan jangka panjang. Selama tahun 2024,       its marketing strategy from the previous year, which
Perseroan melanjutkan strategi pemasaran dari         includes:
tahun sebelumnya, yakni:
1. Pemasaran seluruh komoditas yang dihasilkan        1.   The marketing of all the commodities produced
    oleh Perseroan dilaksanakan dengan cara                by the Company is done through direct selling
    penjualan langsung tanpa pihak ketiga dan              without third parties, and negotiating shipment
    melakukan negosiasi ketentuan pengiriman               terms for each sale;
    pada tiap penjualan;
2. Keragaman penjualan ke beberapa pembeli            2    Diversifying sales to non-single buyers with
    (non-single buyer) dengan syarat dan ketentuan         competitive sales terms and conditions;
    penjualan yang kompetitif;
3. Menggunakan         standar    referensi   harga   3. Using commodity price reference standards, both
    komoditas baik referensi harga nasional maupun       national and international; and
    internasional; dan
4. Bekerja sama dengan pihak ketiga penguji           4. Collaborating with third-party commodity quality
    kualitas komoditas yang bersertifikasi nasional      certifiers that are nationally and internationally
    dan internasional untuk menjaga kualitas mutu        certified to maintain product quality.
    produk.




  102     PT Teladan Prima Agro Tbk
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                                        Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




Pangsa Pasar                                                     Market Share

Sepanjang     tahun       2024,    Perseroan      telah          Throughout 2024, the Company has been diversifying
mendiversifikasikan pelanggannya ke beberapa                     its customers to several key buyers from various
pembeli utama di berbagai wilayah, termasuk                      regions, including East Kalimantan, West Kalimantan,
Kalimantan Timur, Kalimantan Barat, Jawa Timur,                  East Java, and North Sulawesi. The Company’s
dan Sulawesi Utara. Produk Perseroan ditargetkan                 products are targeted at major processing producers
untuk segmen produsen utama pengolahan CPO                       of CPO and PK in Indonesia. In 2024, Wilmar Group
dan PK di Indonesia. Pada tahun 2024, Wilmar Group               was the largest contributor to Company’s sales, of
menjadi penyumbang terbesar terhadap penjualan                   around 30%, followed by Wings Group and KPN Group,
Perseroan, yakni sekitar 30%, diikuti oleh Wings Group           of approximately 15% respectively.
dan KPN Group yang masing-masing berkontribusi
sekitar 15%.

Tujuan utama operasi penjualan Perseroan dan                     The primary objectives of the Company’s and its
Entitas Anak dapat dijelaskan sebagai berikut.                   Subsidiaries’ sales operations can be outlined as
                                                                 follows.




                                                     1       2
                                                                            6
                                                         4
                                                         3




                                             5




      Grup
  1   Perseroan
      The Company’s
      Group

  2 Refinery Pihak Ketiga di Bontang, Kalimantan Timur / Third-party Refineries in Bontang, East Kalimantan
  3 Refinery Pihak Ketiga di Balikpapan, Kalimantan Timur / Third-party Refineries in Balikpapan, East Kalimantan
  4 Refinery Pihak Ketiga di Benua Puhun, Kalimantan Timur / Third-party Refineries in Balikpapan, East Kalimantan
  5 Refinery Pihak Ketiga di Gresik, Jawa Timur / Third-party Refineries in Gresik, East Java
  6 Refinery Pihak Ketiga di Sulawesi Utara (hanya PK)/ Third-party Refineries in North Sulawesi (only PK)




                                                                             PT Teladan Prima Agro Tbk        103
Page 106
 Circular Economy and Climate Impact
 Laporan Tahunan 2024 / 2024 Annual Report




KEBIJAKAN DAN PEMBAGIAN DIVIDEN
  Dividend Policy and Distribution



Kebijakan Dividen                                     Dividend Policy

Perseroan menerapkan kebijakan dividen sesuai         The Company applies a dividend policy in accordance
dengan peraturan yang berlaku, yaitu Undang-          with applicable regulations, namely Law No. 40 of
Undang No. 40 tahun 2007 tentang Perseroan            2007 concerning Limited Liability Companies (UUPT)
Terbatas (UUPT) dan Anggaran Dasar, serta             and the Articles of Association, and considers other
memperhatikan hal lainnya, seperti laba ditahan,      factors such as retained earnings, financial condition,
kondisi keuangan, kondisi likuiditas, prospek usaha   liquidity condition, future business prospects, and
di masa mendatang dan kebutuhan kas. Kebijakan        cash requirements. The dividend distribution policy
pembagian dividen juga menjadi tanggung jawab         is also the responsibility of the Board of Directors
dari Direksi melalui persetujuan Dewan Komisaris      with the approval of the Board of Commissioners
untuk dividen interim dan melalui persetujuan Rapat   for interim dividends and with the approval of the
Umum Pemegang Saham (RUPS) untuk pembagian            General Meeting of Shareholders (GMS) for cash
dividen tunai.                                        dividend distribution.

Dividen interim dibagikan sebelum akhir tahun         Interim dividends are distributed before the end
keuangan, dengan syarat tidak menyebabkan             of the fiscal year, provided they do not cause the
aset bersih Perseroan menjadi kurang dari             Company’s net assets to fall below the issued
modal ditempatkan, modal disetor penuh, serta         capital, fully paid-up capital, and required reserves.
cadangan wajib. Apabila pembagian dividen interim     If the distribution of interim dividends causes a loss
tersebut menyebabkan kerugian setelah akhir           after the end of the fiscal year, the Shareholders
tahun keuangan, Pemegang Saham diwajibkan             are required to return the dividend to the Company.
mengembalikan dividen tersebut kepada Perseroan.      In this situation, the Board of Directors and the Board
Dalam situasi ini, Direksi dan Dewan Komisaris        of Commissioners are fully responsible for ensuring
bertanggung jawab penuh untuk memastikan              the return process proceeds in accordance with
proses pengembalian berlangsung sesuai dengan         applicable regulations.
ketentuan yang berlaku.

Sementara itu, dividen tunai dibagikan kepada         Meanwhile, cash dividends are distributed to the
Pemegang        Saham      pada recording date,       Shareholders on the recording date, granting full
memberikan hak atas dividen dalam jumlah penuh.       entitlement to the dividend amount. These cash
Dividen tunai ini dikenakan pajak penghasilan         dividends are subject to income tax based on the
berdasarkan peraturan perpajakan di Indonesia,        taxation regulations in Indonesia, which also apply to
yang juga berlaku bagi Pemegang Saham yang            Shareholders residing abroad.
berdomisili di luar negeri.




  104     PT Teladan Prima Agro Tbk
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                                             Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




Pembagian Dividen                                                     Dividend Distribution

Perseroan telah melaksanakan pembagian dividen                        The Company has distributed dividends in
sesuai dengan kebijakan yang berlaku, sebagaimana                     accordance with the applicable policies, as outlined
diuraikan berikut ini.                                                below.


                      Uraian
                                                                            Total Dividen per Total Dividen
                   Pembagian            Tanggal                                                             Rasio Dividen
                                                           Tanggal           Lembar Saham      per Tahun
 Tahun Buku          Dividen         Pengumuman                                                               Dividend
                                                         Pembayaran          Total Dividend Total Dividend
 Fiscal Year        Dividend         Announcement                                                               Ratio
                                                         Payout Date           per Share       in the Year
                   Distribution          Date                                                                    (%)
                                                                                   (Rp)            (Rp)
                     Details

                                     31 Mei 2022         29 Juni 2022
      2021             Final                                                         6,17         79.880.091.334        15,2
                                     31 May 2022         29 June 2022

                                     5 Mei 2023          30 Mei 2023
     2022              Final                                                       13,52         175.037.088.304        30,5
                                     5 May 2023          30 May 2023

                                     8 Mei 2024          21 Mei 2024
     2023              Final                                                        12,21         158.077.133.742       35,0
                                     8 May 2024          21 May 2024




REALISASI PENGGUNAAN DANA
HASIL PENAWARAN UMUM PERDANA
   Realization of the Use of Proceeds from
   the Initial Public Offering

Perseroan secara berkala menyampaikan Laporan                         The Company regularly submits the Report on the
Realisasi Penggunaan Dana (LRPD) Penawaran                            Realization of the Use of Proceeds (LRPD) from its
Umum Perdana Saham, sesuai dengan Peraturan                           Initial Public Offering, in accordance with the Financial
Otoritas Jasa Keuangan No. 30/POJK.04/2015                            Services Authority Regulation No. 30/POJK.04/2015
tanggal 16 Desember 2015 tentang Laporan Realisasi                    dated 16 December 2015, regarding the Report on
Penggunaan Dana Hasil Penawaran Umum. Pada                            the Realization of the Use of Proceeds from the Public
tahun 2024, laporan tersebut telah disampaikan                        Offering. In 2024, this report has been submitted to
kepada regulator terkait dengan rincian sebagai                       the relevant regulators with the following details.
berikut.


                              Nilai Realisasi Hasil Penawaran Umum                          Realisasi
                                                                             Rencana
                                      Public Offering Proceeds                           Penggunaan
    Jenis                                                                  Penggunaan
               Tanggal                                                                   Dana Menurut                Sisa Dana
 Penawaran                                                                Dana Menurut
                Efektif      Total Hasil           Biaya                                   Prospektus                Remaining
   Umum                                                           Hasil     Prospektus
               Effective Penawaran Umum Penawaran                                            Actual                   Proceeds
Type of Public                                                  Realisasi    Funding
                 Date      Total Proceeds         Umum                                      Funding                     Ratio
  Offering                                                       Bersih    Usage Plan in
                                from          Public Offering                             Usage as per
                                                              Net Proceeds Prospectus
                           Public Offering     Expenditures                                Prospectus

Penawaran
Umum
                 31 Maret
Perdana
                   2022
Saham                          300.359.496.000     14.754.919.060   285.604.576.940 285.604.576.940 84.000.000.000 201.604.576.940
                 31 March
Initial Public
                   2022
Offering of
Shares




                                                                                    PT Teladan Prima Agro Tbk              105
Page 108
  Circular Economy and Climate Impact
  Laporan Tahunan 2024 / 2024 Annual Report




PERBANDINGAN TARGET DAN REALISASI 2024
  Target and Achievement Comparison in 2024


Penyusunan       strategi  yang    tepat     serta       Formulating the right strategy and an effective
implementasi yang baik menjadi faktor kunci dalam        implementation remain as the key factors driving
mendorong pencapaian kinerja operasional dan             the achievement of Company’s operational and
finansial Perseroan yang tumbuh positif sepanjang        financial performances that have grown positively
tahun 2024.                                              throughout 2024.

Secara operasional, produksi TBS dari kebun              In terms of operations, the FFB production from
inti dan plasma selama tahun 2024 mencapai               the nucleus and plasma estates in 2024 reached
1,22 juta ton, lebih rendah 3,0% dari target.            1.22 million tons, 3.0% lower from the target.
Sementara itu, produksi CPO dan PK tercatat sebesar      Meanwhile, CPO and PK production reached 375.64
375,64 ribu ton, atau lebih rendah 8,4% dari target.     thousand tons, 8.4% lower from the target. The unmet
Tidak terpenuhinya target produksi ini terutama          production targets was primarily due to climate
disebabkan oleh perubahan iklim. Di sisi diversifikasi   change. As for product diversification, the operations
produk, operasional PKO dan PKE yang dimulai sejak       of PKO and PKE, that started at the end of the first
akhir kuartal pertama 2024 telah berjalan optimal.       quarter of 2024, have been running optimally.
Hingga akhir tahun, volume produksi mencapai             Until the end of the year, production volume reached
5,26 ribu ton untuk CPKO dan 6,86 ribu ton untuk         5.26 thousand tons CPKO and 6.86 thousand tons
PKE, menandai pencapaian penting dalam strategi          PKE, marking an important milestone in the product
diversifikasi produk yang memberikan nilai tambah        diversification strategy that added value to the
bagi Perseroan.                                          Company.

Dari    sisi   finansial,   Perseroan   mencatatkan      From a financial perspective, the Company recorded
kenaikan pendapatan sebesar 5,1% menjadi                 a 5.1% revenue increase to Rp4.21 trillion compared
Rp4,21 triliun dibandingkan tahun 2023. Peningkatan      to 2023. The increase was driven by higher average
ini didorong oleh naiknya harga jual rata-rata CPO       selling prices of CPO and PK throughout the year.
dan PK sepanjang tahun. EBITDA juga mengalami            EBITDA also recorded a positive growth of 43.2% to
pertumbuhan positif sebesar 43,2% menjadi                Rp1.39 trillion, or 39.7% higher than the target. Thus,
Rp1,39 triliun atau 39,7% lebih tinggi dari target.      the Company recorded a 82.7% net profit growth, to
Dengan        demikian,    Perseroan    mencatatkan      Rp825.60 billion, far exceeding the set target of 51.4%.
pertumbuhan laba bersih sebesar 82,7% menjadi            This success shows the effectiveness of operational
Rp825,60 miliar, jauh melampaui target yang              management and the efficiency strategies, that
ditetapkan      sebesar    51,4%.   Keberhasilan ini     succeeded to reduce costs by 9.7%.
mencerminkan efektivitas pengelolaan operasional
serta strategi efisiensi yang mampu menekan biaya
hingga 9,7%.

Pencapaian positif ini menunjukkan bahwa langkah         These      positive     achievements     demonstrate
strategis Perseroan dalam meningkatkan efisiensi         that the Company’s strategic measures to
operasional, memanfaatkan teknologi modern, serta        improve its operational efficiency, utilizing the
memperluas diversifikasi produk telah membuahkan         modern technology, and expanding the product
hasil.   Dengan    komitmen     terhadap   prinsip       diversification have bear fruits. With a commitment
keberlanjutan dan ekonomi sirkular, Perseroan            to sustainability principles and circular economy,
optimis untuk terus mencatatkan kinerja solid dan        the Company remains optimistic to be able to keep
memberikan nilai tambah bagi seluruh pemangku            on delivering solid performance and provide added
kepentingan.                                             value for all of the stakeholders.




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                                       Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




PROSPEK USAHA DI TAHUN 2025
  Business Prospects in 2025


Industri kelapa sawit Indonesia pada tahun 2025           The Indonesian palm oil industry in 2025 is projected
diproyeksikan tetap kuat, didukung oleh tingginya         to remain strong, supported by high global
permintaan global dan berbagai kebijakan strategis        demand and various strategic government policies.
pemerintah. Implementasi program mandatori                The implementation of the mandatory Biodiesel B40
Biodiesel B40, yang mulai diterapkan pada 2025,           program, which will be enforced starting in 2025,
diharapkan dapat memperkuat posisi Indonesia di           is expected to strengthen Indonesia’s position in
pasar internasional serta mendorong peningkatan           the international market and boost domestic palm
konsumsi domestik minyak sawit. Program ini               oil consumption. This program aims to reduce
bertujuan untuk mengurangi ketergantungan pada            dependence on fossil energy, increase the added
energi fosil, meningkatkan nilai tambah industri          value of the palm oil industry, and support Indonesia’s
kelapa sawit, serta mendukung komitmen Indonesia          commitment to sustainable energy transition.
dalam transisi energi berkelanjutan.

Selain     itu, pemerintah    terus   mempercepat         Additionally, the government continues to accelerate
peremajaan        sawit  rakyat   dan    penguatan        the rejuvenation of smallholder palm oil plantations
hilirisasi industri sebagai langkah strategis untuk       and strengthen industry downstreaming as strategic
meningkatkan produktivitas dan nilai tambah produk        steps to improve productivity and added value of
sawit. Peremajaan ini bertujuan untuk meningkatkan        palm oil products. The rejuvenation aims to increase
hasil produksi melalui pemanfaatan bibit unggul           production yields through the use of superior seeds
dan praktik pertanian berkelanjutan. Di sisi lain,        and sustainable farming practices. On the other
pengembangan sektor hilir seperti oleokimia dan           hand, the development of downstream sectors such
bioenergi menjadi fokus utama untuk mengurangi            as oleochemicals and bioenergy has become a key
ketergantungan pada ekspor CPO mentah yang                focus to reduce dependence on raw CPO exports,
masih rentan terhadap fluktuasi harga global.             which remain vulnerable to global price fluctuations.

Namun, industri ini juga menghadapi berbagai              However, the industry also faces various challenges,
tantangan, terutama dari regulasi internasional           especially from international regulations such
seperti European Union Deforestation Regulation           as the European Union Deforestation Regulation
(EUDR), yang dapat membatasi akses pasar ekspor           (EUDR), which may limit export market access to the
ke Uni Eropa. Dalam menghadapi tantangan ini,             European Union. In response to these challenges,
pemerintah berkomitmen untuk memperkuat prinsip           the government is committed to strengthening
keberlanjutan dengan mendorong pemanfaatan                sustainability principles by promoting the use
lahan terdegradasi untuk ekspansi perkebunan serta        of degraded land for plantation expansion and
penguatan sertifikasi berkelanjutan guna memenuhi         enhancing sustainable certification to meet
standar internasional. Selain itu, berbagai insentif,     international   standards.    Additionally,  various
seperti dukungan program biodiesel dan penguatan          incentives, such as support for the biodiesel
teknologi pengolahan, terus diperkuat guna                program and the strengthening of processing
memperkokoh daya saing industri sawit di pasar            technologies, are continually reinforced to enhance
global. Dengan berbagai strategi yang diterapkan,         the competitiveness of the palm oil industry in the
industri kelapa sawit diharapkan tetap menjadi pilar      global market. With these strategies in place, the
utama dalam menopang perekonomian nasional,               palm oil industry is expected to remain a key pillar
menjaga stabilitas devisa, serta menciptakan              in supporting the national economy, maintaining
peluang pertumbuhan jangka panjang yang                   foreign exchange stability, and creating sustainable
berkelanjutan dan inklusif.                               and inclusive long-term growth opportunities.




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PROYEKSI USAHA DI TAHUN 2025
  2025 Business Projection


Dengan mempertimbangkan kondisi ekonomi               Considering the global, regional, and domestic
global, regional, dan domestik, serta dinamika        economic conditions, also the industry dynamics and
industri dan prospek usaha sepanjang tahun 2024,      business prospects throughout 2024, the Company
Perseroan memperkirakan kenaikan pendapatan           projects a 10% revenue increase in 2025 compared
sebesar 10% pada tahun 2025 dibandingkan tahun        to the previous year. This growth is expected to come
sebelumnya. Peningkatan ini diharapkan berasal        from the new cash flows, in particular from the CPKO
dari arus kas baru, khususnya produksi CPKO dan       and PKE production. Based on the assumption of
PKE. Berdasarkan asumsi harga acuan rata-rata         average reference prices for palm oil, palm kernel,
komoditas minyak kelapa sawit, inti kelapa sawit,     and its derivatives throughout 2024, a raw materials
dan turunannya selama tahun 2024, diperkirakan        price adjustment is projected to occur in 2025, which
akan terjadi penyesuaian harga bahan baku             is likely will be experiencing an increase compared
pada tahun 2025, yang kemungkinan mengalami           to the previous year. Considering the projected
kenaikan dibandingkan tahun sebelumnya. Dengan        revenues and expenses, the Company is projecting
mempertimbangkan proyeksi pendapatan dan              a 10% growth in profit after tax in 2025.
beban, Perseroan memproyeksikan pertumbuhan
laba setelah pajak sebesar 10% pada tahun 2025.

Untuk mencapai target pertumbuhan usaha               To meet the business growth targets and support
dan mendukung pencapaian proyeksi tersebut,           achievement of that projection, the Company
Perseroan akan terus menjaga struktur modal yang      be striving to maintain a sound capital structure,
sehat, termasuk mengelola rasio liabilitas terhadap   including managing the liabilities-to-assets and
aset dan ekuitas secara optimal. Langkah ini          liabilities-to-equity ratio optimally. This measure
bertujuan untuk memastikan tingkat pengembalian       aims to ensure optimal returns for the Shareholders.
yang optimal bagi Pemegang Saham.

Kebijakan    dividen Perseroan     mencerminkan       The Company’s dividend policy reflects its
komitmen terhadap pengembalian yang optimal           commitment to providing an optimal returns
bagi Pemegang Saham. Pada 21 Mei 2024,                for Shareholders. On 21 May 2024, the Company
Perseroan telah membagikan dividen tunai kepada       distributed cash dividends to all Shareholders.
seluruh Pemegang Saham. Ke depan, Perseroan           Moving forward, the Company strives to keep on
berupaya untuk terus mendistribusikan dividen         distributing the dividend at a minimum of 10% of
minimal sebesar 10% dari laba bersih setelah          the net profit, after setting aside for the mandatory
penyisihan cadangan wajib untuk tahun 2025.           reserve in 2025. The fulfillment of this target will be
Pemenuhan target ini akan disesuaikan dengan          adjusted in accordance with the provisions of Limited
ketentuan    pembagian     dividen    berdasarkan     Liability Company Law on dividend distribution,
Undang-Undang Perseroan Terbatas, dengan tetap        while observing the Company’s financial health and
memperhatikan kesehatan keuangan Perseroan            without prejudice to the rights of the GMS to make
serta tanpa mengurangi hak RUPS untuk menetapkan      other decisions in line with the Company’s Articles of
keputusan lain sesuai dengan Anggaran Dasar           Association.
Perseroan.




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                                          Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




STRATEGI USAHA 2025
     2025 Business Strategy


Strategi usaha yang diterapkan oleh Perseroan untuk          The business strategy implemented by the Company
menghadapi kondisi bisnis di tahun 2025, yakni:              to address the business conditions in 2025 is as
                                                             follows:
1.   Memperkuat kapasitas operasional KCP dan                1. Strengthen the operational capacity of both the
     BPP dengan menambah unit produksi pada                      KCP and BPP by adding production units on other
     Entitas Anak Perseroan lainnya untuk mendukung              Subsidiaries to support the circular economy
     penerapan ekonomi sirkular, khususnya melalui               implementation, especially from the utilization of
     pemanfaatan limbah menjadi energi terbarukan                waste into renewable energy and value-added
     dan produk turunan bernilai tambah;                         derivative products;
2.   Mengembangkan produk turunan dengan nilai               2. Develop derivative products with higher added
     tambah lebih tinggi sebagai bagian dari strategi            value as part of the diversification strategy to
     diversifikasi guna meningkatkan daya saing dan              boost the competitiveness and business value;
     nilai bisnis Perseroan;
3.   Melanjutkan       investasi    dalam      teknologi     3. Keep on investing in the sustainability technologies
     keberlanjutan       sebagai    langkah      proaktif       as a proactive measure to improve the operational
     untuk meningkatkan efisiensi operasional,                  efficiency, productivity, as well as mitigating the
     produktivitas,     serta    memitigasi     dampak          environmental impacts. This investment includes
     lingkungan. Investasi ini mencakup penerapan               the implementation of modern, technologies
     teknologi modern yang lebih ramah lingkungan               that are more environmentally friendly, and
     dan berkelanjutan;                                         sustainable;
4.   Mengembangkan           lahan    forestry     untuk     4. Develop forestry land to support the carbon
     mendukung program carbon credit rating,                    credit rating program, aiming to add points
     yang bertujuan menambah nilai keberlanjutan                of sustainability for the Company, as well as
     Perseroan       sekaligus    berkontribusi    pada         contributing to climate change mitigation. This
     mitigasi perubahan iklim. Inisiatif ini disertai           initiative is coupled with the development of
     dengan pengembangan lahan tertanam guna                    planted land to support the production of mature
     mendukung produksi tanaman menghasilkan,                   plants, and ensuring sustainable production
     serta memastikan peningkatan volume produksi               volume growth in line with the palm oil business
     secara berkelanjutan sesuai dengan rencana                 development plan. With the agronomic-based
     pengembangan bisnis kelapa sawit. Dengan                   approach in place, the Company focuses
     pendekatan berbasis rekomendasi agronomi,                  on optimizing production on potential lands,
     Perseroan fokus pada optimalisasi produksi                 reducing yield gaps, and minimizing losses in the
     lahan potensial, penurunan yield gap, serta                plantations; and
     minimalisasi losses di kebun; dan
5.   Meningkatkan sinergi internal melalui penguatan         5. Enhance internal synergy by strengthening
     struktur organisasi, optimalisasi pengelolaan              the organizational structure, optimizing the
     kinerja individu, serta implementasi nilai-nilai           management of individual performance, and
     TELADAN sebagai dasar dalam membangun                      implementing TELADAN values as a base for
     budaya kolaborasi yang proaktif dan produktif di           building a proactive and productive culture of
     seluruh lini organisasi.                                   collaboration on all organization levels.




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INFORMASI DAN FAKTA MATERIAL SETELAH
TANGGAL LAPORAN AKUNTAN
   Information and Material Facts After
   the Accountant Report Date

Sepanjang tahun 2024, tidak terdapat informasi dan           Throughout 2024, there were no material information
fakta material yang terjadi setelah tanggal Laporan          or events that occurred after the date of the
Akuntan.                                                     Accountant’s Report.




INFORMASI DAN FAKTA MATERIAL TERKAIT
INVESTASI, EKSPANSI, DIVESTASI, AKUISISI,
DAN RESTRUKTURISASI UTANG/MODAL
   Information and Material Facts Related to
   Investment, Expansion, Divestment, Acquisition,
   and Debt/Capital Restructuring

Perseroan tidak memiliki informasi dan fakta                 The Company did not have any material information
material terkait investasi, ekspansi, divestasi, akuisisi,   or events related to investments, expansion,
dan restrukturisasi utang/modal selama tahun 2024.           divestment, acquisitions, or debt/equity restructuring
                                                             during 2024.




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                                        Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




TRANSAKSI MATERIAL YANG MENGANDUNG
BENTURAN KEPENTINGAN ATAU TRANSAKSI
DENGAN PIHAK BERELASI
   Material Transactions Involving Conflicts of Interest or
   Transactions with Related Parties

Perseroan telah menerapkan Pernyataan Standar              The Company has implemented Indonesian
Akuntansi Keuangan (PSAK) No. 7 (Revisi 2010),             Financial Accounting Standards (PSAK) No. 7
“Pengungkapan           Pihak-Pihak   Berelasi”,  yang     (2010 Revision), “Related Party Disclosures”,
mensyaratkan pengungkapan hubungan, transaksi,             which requires the disclosure of related party’s
dan saldo pihak-pihak berelasi, termasuk komitmen,         relationships, transactions, and balances, including
dalam Laporan Keuangan Konsolidasian. Transaksi            commitments, in the Consolidated Financial
dengan pihak berelasi dilakukan berdasarkan                Statements. Transactions with related parties
persyaratan yang disetujui oleh kedua belah                are conducted based on mutually agreed-upon
pihak. Selain itu, Perseroan juga senantiasa               terms. In addition, the Company also consistently
mematuhi Peraturan Otoritas Jasa Keuangan                  complies with Financial Services Authority Regulation
No. 42/POJK.04/2020 tanggal 1 Juli 2020 tentang            No. 42/POJK.04/2020, dated 1 July 2020, concerning
Transaksi      Afiliasi    dan    Transaksi    Benturan    Affiliate Transactions and Conflict of Interest
Kepentingan untuk meningkatkan perlindungan                Transactions to enhance the protection of
Pemegang Saham independen dan kualitas                     independent Shareholders and the quality of
keterbukaan oleh Perseroan dalam transaksi                 disclosure by the Company regarding affiliate
afiliasi dan transaksi benturan kepentingan.               transactions and conflict of interest transactions.

Seluruh transaksi yang dilakukan pada tahun 2024           All transactions conducted in 2024 were carried out
dilakukan secara wajar (arms’ length) dan sesuai           at arm’s length and in accordance with standard
dengan persyaratan komersial normal. Kewajaran             commercial terms. Transactions with related parties
transaksi dengan pihak berelasi atau mengandung            or containing conflicts of interest were carried out
benturan kepentingan telah dilakukan secara wajar          at arm’s length in accordance with the laws and
sesuai peraturan perundang-undangan.                       regulations.

Informasi terkait sifat hubungan dan jenis transaksi       Information regarding the nature of relationships
yang material dengan pihak berelasi diungkapkan            and material transactions with related parties is
pada Laporan Keuangan Konsolidasian tanggal                disclosed in the Consolidated Financial Statements
31 Desember 2024 pada bagian Transaksi dan Saldo           as of 31 December 2024, under the section on Related
Pihak Berelasi.                                            Party Transactions and Balances.



Kewajaran Transaksi                                        Fairness of Related
Hubungan Berelasi                                          Party Transactions

Perseroan senantiasa memastikan kewajaran dalam            The Company ensures fairness in every transaction
setiap transaksi dengan pihak berelasi. Sepanjang          with related parties. Throughout 2024, transactions
tahun 2024, transaksi dengan pihak berelasi telah          with related parties have been carried out fairly,
dilaksanakan secara wajar, mengikuti kebijakan             following the pricing policies and transaction terms
harga dan syarat transaksi yang telah disepakati           agreed upon by both parties. This step is also taken
oleh kedua belah pihak. Langkah ini juga diambil           to minimize the potential for conflicts of interest
untuk meminimalkan potensi konflik kepentingan             within the Company, in line with good governance
di internal Perseroan, sejalan dengan prinsip tata         principles.
kelola yang baik.




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Alasan Transaksi Hubungan Berelasi                     Reasons for Related Party Transactions

Seluruh transaksi dengan pihak berelasi dilaksanakan   All transactions with related parties are conducted
atas dasar kebutuhan operasional dan dengan            based on operational needs and aimed to boost the
tujuan meningkatkan kinerja kedua belah pihak.         performance of both parties.



Kebijakan Mekanisme                                    Transaction Review
Tinjauan Transaksi                                     Mechanism Policy

Perseroan menetapkan mekanisme tinjauan dalam          The Company has established a review mechanism
setiap transaksi dengan pihak berelasi. Semua          for transactions with related parties. All significant
transaksi dan saldo yang signifikan dengan pihak       transactions and balances with related parties
berelasi, dilakukan dengan syarat normal dan wajar.    are conducted under normal and fair terms.
Mata uang yang menjadi denominasi transaksi            The currency denomination for transactions is the
adalah Rupiah. Seluruh pinjaman dalam mata uang        Rupiah. All loans are in Rupiah and fixed interest rates.
Rupiah dan suku bunga dinyatakan dalam suku            Thus, the Company does not bear any risk related
bunga tetap, sehingga Perseroan tidak memiliki         to foreign exchange or benchmark interest rate
risiko terhadap fluktuasi kurs mata uang asing atau    fluctuations.
pun suku bunga acuan pinjaman.



Mitigasi Benturan Kepentingan                          Mitigating Conflicts of Interest
dengan Pihak Berelasi                                  with Related Parties

Benturan kepentingan dengan pihak berelasi             Conflicts of interest with related parties may arise
berpotensi terjadi dalam proses bisnis. Untuk          in business processes. To avoid and minimize
menghindari dan meminimalkan risiko tersebut,          these risks, the Company strives to enhance the
Perseroan berupaya meningkatkan penerapan              implementation of good corporate governance,
tata kelola perusahaan yang baik, yang mencakup        which includes transparency, fairness, and oversight.
transparansi,    kewajaran,    dan     pengawasan.     This step ensures that policies and operational
Langkah ini memastikan kebijakan dan kegiatan          activities are carried out in a measured manner and
operasional dilaksanakan secara terukur dan sesuai     in accordance with applicable principles. In addition,
dengan prinsip yang berlaku. Selain itu, Perseroan     the Company ensures that each organ is fully aware
memastikan setiap organ memiliki kesadaran             of its duties and responsibilities, which are carried
penuh terhadap tugas dan tanggung jawabnya,            out in accordance with the applicable policies and in
yang dilaksanakan sesuai dengan kebijakan yang         good faith. This provision refers to the Company Law,
berlaku dan itikad baik. Ketentuan ini merujuk pada    where each party is personally responsible for losses
Undang-Undang Perseroan Terbatas, di mana setiap       resulting from negligence in carrying out their duties.
pihak memiliki tanggung jawab secara pribadi
atas kerugian yang timbul akibat kelalaian dalam
menjalankan tugas.



Kepatuhan Terhadap Peraturan Terkait                   Compliance with Relevant Regulations

Sepanjang tahun 2024, Perseroan dan Entitas            Throughout 2024, the Company and its Subsidiaries
Anak tidak mencatat adanya pelanggaran terkait         did not record any violations related to transactions
transaksi dengan pihak berelasi.                       with related parties.




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                                          Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




PERUBAHAN PERATURAN
PERUNDANG-UNDANGAN YANG BERDAMPAK
SIGNIFIKAN TERHADAP PERUSAHAAN
   Significant Changes in Legal Regulations Impacting
   the Company

Selama periode pelaporan, sejumlah peraturan                    During the reporting period, several new regulations
baru telah disahkan oleh pemerintah dan mulai                   were enacted by the government and became
berlaku efektif. Peraturan-peraturan ini memiliki               effective. These regulations are directly related to
kaitan langsung dengan operasional Perseroan dan                the Company’s operations and are explained as
dijelaskan sebagai berikut.                                     follows.


Perubahan Undang-Undang                      Ikhtisar Ringkas                         Dampak terhadap Perseroan
      Changes in Law                          Brief Overview                            Impact on the Company

Surat Edaran Direktur            Peraturan ini memperluas cakupan pihak         Seluruh Entitas Anak telah memperoleh
Jenderal Perkebunan              yang wajib memiliki sertifikat ISPO dengan     sertifikat ISPO sejak tahun 2022. Namun,
No. 286/KB.410/E/03/2024         menambah         perusahaan     perkebunan     dengan        diberlakukannya    peraturan
tentang Kewajiban Sertifikasi    kelapa sawit dan petani swadaya yang           baru ini, mitra plasma Perseroan juga
ISPO Indonesia                   melakukan kegiatan usaha budidaya,             diwajibkan untuk memperoleh sertifikat ISPO.
                                 pengolahan dan Integrasi usaha budidaya        Oleh karena itu, Perseroan akan secara
                                 kelapa sawit, serta usaha pengolahan           aktif membantu dan bekerja sama dengan
                                 kelapa sawit. Adapun untuk petani              mitra plasma untuk memastikan kepatuhan
                                 swadaya khususnya diwajibkan memiliki          terhadap peraturan ini di seluruh mitra
                                 sertifikat ISPO pada 24 November 2025.         plasma Perseroan.
Director General of              This regulation expands the scope              All Subsidiaries have obtained the ISPO
Plantation Circular Letter       of parties required to have the ISPO           certificate since 2022. However, with the
No. 286/KB.410/E/03/2024         certificate by including palm oil plantation   implementation of this new regulation,
regarding the Obligation for     companies and independent smallholder          the Company’s plasma partners are also
ISPO Indonesia Certification     farmers involved in cultivation, processing,   required to obtain the ISPO certificate.
                                 and integration of palm oil cultivation, as    Therefore, the Company will actively assist
                                 well as palm oil processing. Independent       and cooperate with its plasma partners
                                 smallholder farmers, in particular, are        to ensure compliance with this regulation
                                 required to obtain the ISPO certificate by     across all plasma partners.
                                 24 November 2025.

Peraturan Menteri Pekerjaan      Permen PUPR No. 2/2024 menyatakan              Setiap izin pengusahaan sumber daya air
Umum dan Perumahan               bahwa Izin Usaha dan Persetujuan               dan izin penggunaan sumber daya air yang
Rakyat No. 2 Tahun 2024          Penggunaan       harus     dilaksanakan        diterbitkan sebelum berlakunya peraturan
tentang Tata Cara Perizinan      berdasarkan wilayah sungai. Kerangka           ini akan tetap berlaku hingga masa
Berusaha Penggunaan              baru ini menegaskan bahwa hanya                berlakunya      berakhir.  Perseroan    telah
Sumber Daya Air dan              wilayah sumber daya air permukaan              memperoleh seluruh izin tersebut sebelum
Persetujuan Penggunaan           yang berhak melaksanakan kegiatan              pemberlakuan peraturan ini. Namun, perlu
Sumber Daya Air                  yang didasarkan pada izin pengusahaan          dicatat bahwa setiap perpanjangan izin
                                 sumber daya air dan izin penggunaan            akan diproses sesuai dengan ketentuan
                                 sumber daya air.                               yang diatur dalam kerangka baru Permen
                                                                                PUPR No. 2/2024. Oleh karena itu, Perseroan
                                                                                akan memastikan kepatuhan terhadap
                                                                                peraturan ini di masa mendatang.
Minister of Public Works and     Permen PUPR No. 2/2024 states that             Any water resource management licenses
Public Housing Regulation        Business Licenses and Use Approvals must       and water resource use licenses issued before
No. 2 of 2024 concerning         be carried out based on river basin areas.     the enactment of this regulation will remain
Procedures for Business          This new framework emphasizes that only        valid until their expiration. The Company
Licensing for the Use of Water   surface water resource areas are entitled      has obtained all such licenses before the
Resources and Approval for       to carry out activities based on water         enactment of this regulation. However, it
the Use of Water Resources       resource management licenses and water         should be noted that any license extensions
                                 resource use licenses.                         will be processed in accordance with the
                                                                                provisions set out in the new framework
                                                                                of Permen PUPR No. 2/2024. Therefore, the
                                                                                Company will ensure compliance with this
                                                                                regulation in the future.




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Perubahan Undang-Undang                     Ikhtisar Ringkas                         Dampak terhadap Perseroan
      Changes in Law                         Brief Overview                            Impact on the Company

Peraturan Menteri               Peraturan ini disusun untuk meningkatkan       Dengan berlakunya peraturan ini, Perseroan
Perindustrian Republik          nilai strategis industri pengolahan kelapa     akan berpedoman pada ketentuan yang
Indonesia No. 32 Tahun 2024     sawit     serta    memberikan     kepastian    diatur terkait klasifikasi komoditas turunan
tentang Klasifikasi Komoditas   dan kemudahan dalam menentukan                 kelapa sawit. Sebagai perusahaan yang
Turunan Kelapa Sawit            identifikasi    teknis   setiap  komoditas     bergerak di bidang perkebunan dan
                                turunan kelapa sawit. Peraturan ini            pengolahan kelapa sawit, Perseroan turut
                                mengatur klasifikasi komoditas turunan         memproduksi produk turunan kelapa sawit
                                kelapa sawit, yang akan digunakan dalam        yang mengacu pada ketentuan dalam
                                pelaksanaan hilirisasi industri kelapa         Peraturan Kemenperin No. 32/2024.
                                sawit, penyusunan kebijakan di bidang
                                fiskal, kebijakan ekspor atas komoditas
                                turunan kelapa sawit, serta identifikasi
                                teknis komoditas tersebut.
Minister of Industry of         This regulation is designed to enhance the     With the enactment of this regulation,
the Republic of Indonesia       strategic value of the palm oil processing     the Company will adhere to the provisions
Regulation No. 32 of 2024       industry and provide certainty and ease        related to the classification of palm oil
concerning the Classification   in determining the technical identification    derivative commodities. As a company
of Palm Oil Derivative          of each palm oil derivative commodity.         engaged in palm oil plantation and
Commodities                     The regulation governs the classification      processing, the Company also produces
                                of palm oil derivative commodities, which      palm oil derivative products that refer to
                                will be used in the implementation of palm     the provisions in the Minister of Industry
                                oil industry downstreaming, fiscal policy      Regulation No. 32/2024.
                                formulation, export policies for palm oil
                                derivative commodities, and the technical
                                identification of these commodities.

Peraturan Menteri               Peraturan ini merupakan penegasan yang         Hingga saat ini, produk turunan kelapa
Perdagangan Republik            mengatur kembali ekspor produk turunan         sawit yang dihasilkan dan diproduksi oleh
Indonesia No. 26 Tahun 2024     kelapa sawit dengan menggantikan               Perseroan hanya dipasarkan dan dijual
tentang Ketentuan Ekspor        peraturan sebelumnya, yaitu Peraturan          untuk pasar dalam negeri, sehingga
Produk Turunan Kelapa Sawit     Menteri Perdagangan No. 50 Tahun 2022          peraturan ini tidak berdampak langsung
                                tentang Ketentuan Ekspor Crude Palm Oil,       pada Perseroan. Namun, jika di masa
                                Refined, Bleached, and Deodorized Palm         mendatang         Perseroan      memutuskan
                                Oil, Refined, Bleached, and Deodorized         untuk melakukan penjualan dan ekspor
                                Palm Olein, serta Used Cooking Oil.            produk turunan kelapa sawit ke luar
                                                                               negeri, Perseroan akan memastikan untuk
                                                                               mematuhi dan memenuhi ketentuan dalam
                                                                               Peraturan Kemenperin No. 26/2024.
Minister of Trade of the        This regulation is a reaffirmation that        To date, the palm oil derivative products
Republic of Indonesia           governs the export of palm oil derivative      produced by the Company are only
Regulation No. 26 of 2024       products, replacing the previous regulation,   marketed and sold in the domestic market,
concerning the Export           namely Minister of Trade Regulation No. 50     so this regulation does not directly impact
Provisions for Palm Oil         of 2022 concerning the Export Provisions       the Company. However, if in the future the
Derivative Products             for Crude Palm Oil, Refined, Bleached, and     Company decides to sell and export palm
                                Deodorized Palm Oil, Refined, Bleached,        oil derivative products abroad, the Company
                                and Deodorized Palm Olein, and Used            will ensure compliance with the provisions
                                Cooking Oil.                                   set out in Minister of Trade Regulation
                                                                               No. 26/2024.




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                                         Analisis dan Pembahasan Manajemen / Management Discussion and Analysis




STANDAR AKUNTANSI YANG TELAH
DITERBITKAN NAMUN BERLAKU EFEKTIF
   Accounting Standards Issued but Effective

Standar    akuntansi    yang      telah  diterbitkan            The accounting standards that have been issued up
hingga tanggal penerbitan Laporan Keuangan                      to the date of issuance of the Consolidated Financial
Konsolidasian, namun baru berlaku efektif pada                  Statements, but only effective on or after 1 January
atau setelah 1 Januari 2025, dijelaskan dalam tabel             2025, are outlined in the below table.
berikut.


   ISAK/Amandemen PSAK                       Ikhtisar Ringkas                     Dampak terhadap Laporan Keuangan
 ISAK/Amendments to PSAK                      Brief Overview                        Impact on Financial Statements

Pernyataan Standar            PSAK 117 merupakan standar akuntansi baru           Dampaknya       terhadap   posisi dan
Akuntansi Keuangan (PSAK)     yang komprehensif untuk kontrak asuransi,           kinerja keuangan konsolidasian masih
117: Kontrak Asuransi         mencakup pengakuan, pengukuran, penyajian,          dalam proses estimasi hingga tanggal
                              dan pengungkapan. Setelah berlaku efektif,          penyelesaian       Laporan   Keuangan
                              PSAK 117 akan menggantikan PSAK 104: Kontrak        Konsolidasian ini.
                              Asuransi. Standar ini berlaku untuk semua
                              jenis kontrak asuransi, baik jiwa maupun
                              non-jiwa,     asuransi     langsung      maupun
                              reasuransi, terlepas dari entitas yang
                              menerbitkannya. Selain itu, PSAK 117 juga
                              mencakup jaminan atas instrumen keuangan
                              tertentu dengan fitur partisipasi tidak mengikat,
                              dengan beberapa pengecualian dalam
                              cakupan penerapannya. Secara keseluruhan,
                              tujuan PSAK 117 adalah menyediakan model
                              akuntansi yang lebih bermanfaat dan
                              konsisten bagi perusahaan asuransi.
Indonesian Financial          PSAK 117 is a comprehensive new accounting          Its impact on the position and
Accounting Standards (PSAK)   standard for insurance contract, covering the       consolidated financial performance is
117: Insurance Contract       recognition, measurement, presentation, and         still being estimated until the completion
                              disclosure. Once declared effective, PSAK 117       date of this Consolidated Financial
                              will replace PSAK 104: Insurance Contract. This     Statements.
                              standard applies to all types of insurance
                              contracts, including life and non-life insurance,
                              direct insurance or reinsurance, regardless
                              of the issuing entity. In addition, PSAK 117 also
                              covering guarantees on specific financial
                              instruments with non-binding participation
                              feature, with some exceptions in the scope of
                              application. Overall, PSAK 117 aims to provide
                              more useful and consistent accounting model
                              for insurance companies.




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Circular Economy and Climate Impact
Laporan Tahunan 2024 / 2024 Annual Report




ASPEK
OPERASIONAL
      Operational
      Aspect




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SUMBER DAYA MANUSIA
  Human Resources


Sumber daya manusia (SDM) memainkan peran               Human resources (HR) play an important role in
kunci dalam mencapai tujuan Perseroan. Maka             helping the Company reach its goals. Therefore,
dari itu, Perseroan secara berkala meningkatkan         the Company regularly improves the potential,
potensi, kemampuan, keterampilan, dan keahlian          abilities, skills, and expertise of its HR through various
SDM melalui berbagai program pengembangan               development programs. The Company is also
kompetensi yang telah ditetapkan. Perseroan juga        committed to fulfilling the rights and responsibilities
berkomitmen untuk memenuhi hak dan kewajiban            of all HR members responsibly, and strives to create
setiap SDM dengan baik dan bertanggung jawab,           a harmonious work environment.
serta berupaya menciptakan hubungan yang
harmonis di lingkungan kerja.



Fokus Pengelolaan SDM                                   Focus on HR Management

Human Resource (HR) Division adalah pihak yang          The Human Resource (HR) Division is responsible for
bertanggung jawab untuk menetapkan fokus                setting the focus of the Company’s HR management.
pengelolaan SDM Perseroan. Penentuan fokus              This focus is based on evaluations of HR management
tersebut didasarkan pada evaluasi pengelolaan           in previous years and adjusted to the current
SDM di tahun-tahun sebelumnya dan disesuaikan           industry conditions. In 2024, the Company has set the
dengan kondisi industri terkini. Pada tahun 2024,       following HR management focus.
Perseroan menetapkan fokus pengelolaan SDM
sebagai berikut.
1. Penguatan kapabilitas fungsi SDM melalui             1. Strengthening the capabilities of HR functions
    sertifikasi bidang SDM oleh Badan Sertifikasi          through HR certification by the National
    Nasional     Profesi  (BNSP)    sesuai   Standar       Professional Certification Body (BNSP) in
    Kompetensi Kerja Nasional Indonesia (SKKNI)            accordance with the applicable Indonesian
    yang berlaku.                                          National Work Competency Standards (SKKNI).
2. Penguatan kompetensi dan budaya TELADAN bagi         2. Enhancing competence and TELADAN culture
    karyawan baru melalui program onboarding dan           for new employees through onboarding and
    induction, salah satunya adalah “Sekolah Lapang        induction programs, such as the “Sekolah Lapang
    Pemanen” (SELAPA), guna mempermudah proses             Pemanen” (SELAPA), to facilitate the adaptation
    adaptasi dan akselerasi kinerja SDM di Perseroan.      process and accelerate HR performance in the
                                                           Company.
3. Penguatan kapabilitas SDM di industri kelapa         3. Strengthening HR capabilities in the palm oil
   sawit secara berkelanjutan melalui program              industry through continuous development
   pengembangan SDM berbasis kompetensi                    programs based on competency-based human
   atau competency based human resources                   resources management (CBHRM), provided at
   management (CBHRM) yang diberikan berjenjang            different levels, starting from non-staff positions,
   mulai dari jabatan non-staf, supervisor, hingga         supervisors, to managers.
   manajer.
4. Peningkatan        kompetensi      kepemimpinan      4. Improving     leadership    competencies      at
   di seluruh lini organisasi melalui pelatihan            every level of organization through the tiered
   kepemimpinan berjenjang “Teladan Leadership             leadership training program “Teladan Leadership
   Development Program”.                                   Development Program”.
5. Penguatan kompetensi teknis SDM melalui              5. Strengthening HR technical competencies
   sertifikasi wajib yang dipersyaratkan untuk posisi      through mandatory certifications required
   tertentu guna mendukung program sustainability          for specific positions to support sustainability
   di Perseroan.                                           programs in the Company.




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                                                                       Aspek Operasional / Operational Aspect




6. Peningkatan pemahaman dan partisipasi SDM            6. Increasing understanding and participation of HR
   terhadap inisiatif perbaikan dan perubahan melalui      in improvement and change initiatives through
   program “Teladan Individual Project Improvement”.       “Teladan Individual Project Improvement” program.
7. Pelaksanaan program assessment, pengelolaan          7. Implementing assessment programs, talent
   talenta dan suksesi berbasis kinerja dan potensi        management, and succession planning based
   guna mempersiapkan suksesor atau calon                  on performance and potential to prepare
   pemimpin masa depan bagi Perseroan.                     successors or future leaders for the Company.
8. Pelaksanaan evaluasi pengembangan karier             8. Conducting career development reviews for
   karyawan atau career development review                 employees to provide promotion opportunities
   dalam rangka memberikan kesempatan promosi              for high-performing employees to have greater
   bagi karyawan yang berprestasi untuk memiliki           career responsibilities, and to refresh employees
   karier atau tanggung jawab yang lebih besar,            through relocation programs.
   serta melakukan penyegaran bagi karyawan
   melalui program mutasi.



Rekrutmen SDM                                           Employee Recruitment

Perseroan melaksanakan rekrutmen SDM untuk              The Company conducts HR recruitment to find
menemukan kandidat yang memiliki kualifikasi,           candidates who have the qualifications, skills,
keterampilan, dan nilai sesuai dengan kebutuhan         and values that match the Company’s needs.
Perseroan. Proses rekrutmen dilakukan secara            The     recruitment     process      is   carried  out
sistematis,   dengan      mengutamakan       prinsip    systematically, prioritizing openness and equality,
keterbukaan dan kesetaraan, serta mengacu               and is based on workforce planning outlined in
pada perencanaan kebutuhan tenaga kerja yang            the Manpower Planning (MPP) document for each
tertuang dalam dokumen Manpower Planning                division/department/work unit, approved by the
(MPP) di setiap divisi/departemen/unit kerja yang       President Director. The recruitment stages in the
disetujui oleh Direktur Utama. Tahapan rekrutmen        Company include candidate search, screening and
di Perseroan meliputi pencarian kandidat, screening     interviews with HR, interviews with the hiring manager,
dan wawancara dengan HR, wawancara dengan               written tests, psychological tests, health tests, work
pengguna, tes tertulis, psikotes, tes kesehatan,        agreements, and onboarding as new employees.
kesepakatan kerja, serta onboarding sebagai
karyawan baru.



Profil SDM                                              HR Profile

Perseroan dan Entitas Anak mempunyai karyawan           The Company and its subsidiaries have a total of
sebanyak 11.210 orang di tahun 2024. Jumlah             11,210 employees in 2024. This number decreased
tersebut menurun sebesar 1,3% dibandingkan tahun        by 1.3% compared to the previous year which was
sebelumnya yang tercatat sebanyak 11.359 orang.         recorded at 11,359 people. Information related to the
Informasi terkait profil SDM Perseroan dan Entitas      HR profile of the Company and its Subsidiaries in the
Anak dalam 3 tahun terakhir diuraikan sebagai           last 3 years is described as follows.
berikut.




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 Circular Economy and Climate Impact
 Laporan Tahunan 2024 / 2024 Annual Report




Komposisi Karyawan Berdasarkan Status
Workforce Composition by Status
                Uraian                   2024      2023      2022    Description

Karyawan Tetap                          10.647     10.262    9.158       Permanent Employee

Karyawan Kontrak                             563    1.097    1.794         Contract Employee

Total                                    11.210    11.359   10.952                        Total




Komposisi Karyawan Berdasarkan Jenis Kelamin
Workforce Composition by Gender
                Uraian                   2024      2023      2022    Description

Pria                                     8.913     8.994     8.421                         Male

Wanita                                   2.297     2.365     2.531                      Female

Total                                    11.210    11.359   10.952                        Total




Komposisi Karyawan Berdasarkan Jenjang Usia
Workforce Composition by Age Group
                Uraian                   2024      2023      2022    Description

≤25 tahun                                1.329      1.819    1.668                    ≤25 years

26 - 35 tahun                            3.745     3.824    3.840                  26 - 35 years

36 - 45 tahun                            3.862     3.842    3.638                  36 - 45 years

46 - 55 tahun                            2.126      1.831    1.756                 46 - 55 years

>56 tahun                                    148      43       50                     >56 years

Total                                    11.210    11.359   10.952                        Total




Komposisi Karyawan Berdasarkan Jenjang Jabatan
Workforce Composition by Position Level
                Uraian                   2024      2023      2022    Description

Upper Management                              12       13       6         Upper Management

Middle Management                             52      74       73        Middle Management

Lower Management                             86       74       73         Lower Management

Supervisor                                   309     294      277                    Supervisor

Non-Staf                                     167     145       135                    Non-Staff

SKU B&H                                 10.052     9.696     8.619                     SKU B&H

PHL                                          532    1.063    1.769                          PHL

Total                                    11.210    11.359   10.952                        Total




 120         PT Teladan Prima Agro Tbk
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                                                                   Aspek Operasional / Operational Aspect




Komposisi Karyawan Berdasarkan Jenjang Pendidikan
Workforce Composition by Education
                  Uraian             2024     2023      2022                     Description

S2                                      24       25        22                               Master Degree

S1                                    459       419      376                              Bachelor Degree

Diploma                                156       137      120                                     Diploma

SMP/SMA                              2.294    2.079      1.718                  Middle School/High School

SD/TK                                8.277    8.699     8.716                      Primary School or Lower

Total                                11.210   11.359   10.952                                         Total




Komposisi Karyawan Berdasarkan Lokasi
Workforce Composition by Location
                  Uraian             2024     2023      2022                     Description

Kantor                                                                                              Office
Kantor Pusat                           176      165       150                                  Head Office

Kantor Perwakilan                      104       101      99                         Representative Office

Kebun                                                                                          Plantation
Area Berau                           2.142     2.175    2.123                                  Berau Area

Area Kutai Timur                     5.918    6.028    6.033                               East Kutai Area

Kutai Kartanegara                    1.032     1.005     885                       Kutai Kartanegara Area

Area Paser                           1.051     1.086     923                                    Paser Area

Pabrik                                                                                               Plant
Area Berau                             167      159       162                                  Berau Area

Area Kutai Timur                       397      422      376                               East Kutai Area

Area Kutai Kartanegara                  117      119      116                      Kutai Kartanegara Area

Area Paser                             106       99       85                                    Paser Area

Total                                11.210   11.359   10.952                                         Total



Komposisi Karyawan Berdasarkan Perusahaan
Workforce Composition by Subsidiary
                  Uraian             2024     2023      2022                     Description

PT Teladan Prima Agro Tbk               19        19       18                    PT Teladan Prima Agro Tbk

PT Tanjung Buyu Perkasa Plantation   2.090     2.141    2.075           PT Tanjung Buyu Perkasa Plantation

PT Inti Energi Kaltim                 299       270      277                           PT Inti Energi Kaltim

PT Telen                             3.090     3.128    2.937                                      PT Telen

PT Sawit Prima Nusantara              543       533       513                    PT Sawit Prima Nusantara

PT Telen Prima Sawit                 1.967    2.039     2.172                         PT Telen Prima Sawit

PT Gemilang Sejahtera Abadi           870       896      929                  PT Gemilang Sejahtera Abadi

PT Multi Jayantara Abadi              1.170    1.198    1.022                     PT Multi Jayantara Abadi

PT Cahaya Anugerah Plantation        1.162     1.135    1.009              PT Cahaya Anugerah Plantation

PT Daya Lestari                          -        -         -                              PT Daya Lestari

Total                                11.210   11.359   10.952                                         Total



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Tenaga Kerja Asing                                                   Foreign Employees
Pada tahun 2024, Perseroan memiliki 1 orang tenaga                   In 2024, the Company had 1 foreign worker (TKA)
kerja asing (TKA) di Entitas Anak, yaitu di PT Tanjung               employed at its Subsidiary, PT Tanjung Buyu Perkasa
Buyu Perkasa Plantation.                                             Plantation.


                                                                                                 No. Izin Tinggal
                                                                                     Masa           Terbatas           Masa
                                                         No. Rencana
                                                                                    Berlaku        Elektronik         Berlaku
                      Warga                       Penggunaan Tenaga Kerja
     Nama                            Jabatan                                         RPTKA          (e-KITAS)         e-KITAS
                     Negara                             Asing (RPTKA)
     Name                            Position                                        RPTKA          Electronic        e-KITAS
                    Nationality                   Foreign Worker Utilization
                                                                                    Validity      Limited Stay        Validity
                                                      Plan No. (RPTKA)
                                                                                     Period        Permit No.          Period
                                                                                                    (e-KITAS)

                                      Quality
                                                                                   31 Mei 2025
 Goh Kok Meng         Malaysia        Control     No. B.3/19841/PK.04.00/IV/2024                  2C21JB0601-A      30 April 2025
                                                                                   31 May 2025
                                      Advisor




Pengembangan Kompetensi SDM                                          HR Competency Development

Perseroan menyediakan program pengembangan                           The Company provides competency development
kompetensi untuk memaksimalkan kemampuan                             programs to maximize the abilities of its HR, enabling
SDM, sehingga dapat beradaptasi dengan berbagai                      them to adapt to various future business challenges
tantangan dan dinamika bisnis di masa depan.                         and dynamics. This competency development is
Pengembangan kompetensi ini dilakukan dengan                         based on the Competency Based Human Resources
mengacu pada pendekatan Competency Based                             Management (CBHRM) approach, which is divided
Human Resources Management (CBHRM), yang                             into the following 2 categories.
terbagi menjadi 2 kategori berikut.



                                                 Soft Competency

                  Kompetensi Inti                                        Kompetensi Kepemimpinan
                 Core Competency                                          Leadership Competence
Keterampilan atau perilaku yang perlu dan penting              Kemampuan dalam memimpin yang dibutuhkan untuk
dimiliki seluruh karyawan perusahaan. Kompetensi ini           mencapai target perusahaan. Pada karyawan yang sudah
dikembangkan berdasarkan Visi, Misi, dan Nilai-Nilai           menduduki jabatan struktural tertentu, seperti head of
Perseroan.                                                     section/head of department.
Skills or behaviors that are necessary and important for       Leadership skills needed to achieve company targets.
all company employees. This competency is developed            For employees who have occupied certain structural
based on the Vision, Mission, and Values of the Company.       positions, such as section heads/department heads.




                                                Hard Competency

          Kompetensi Teknis Generik                                      Kompetensi Teknis Spesifik
         Generic Technical Competency                                  Specific Technical Competency
Keterampilan teknis yang penting untuk dimiliki seluruh        Keterampilan teknis yang penting untuk dimiliki oleh
karyawan Perseroan.                                            karyawan berdasarkan fungsi pekerjaan, disesuaikan
                                                               kebutuhan divisi/departemen.
Important technical skills for all employees of the Company.   Important technical skills possessed by employees based
                                                               on job function, adjusted to the needs of the division/
                                                               department.




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                                                                                          Aspek Operasional / Operational Aspect




Perseroan memulai setiap program pengembangan                         The     Company       begins     each     competency
kompetensi dengan menganalisis kebutuhan                              development program by analyzing employee needs
karyawan berdasarkan hasil penilaian kinerja.                         based on performance evaluation results. Individual
Rencana     pengembangan      individu kemudian                       development plans are then prepared and approved
disusun dan disetujui oleh atasan masing-masing.                      by their respective supervisors. Below is a description
Berikut uraian mengenai jenis-jenis program                           of the types of competency development programs
pengembangan kompetensi yang diselenggarakan                          organized by the Company.
oleh Perseroan.



                                    Managerial Development Program

Pelatihan kepemimpinan berjenjang “Teladan Prima               “Teladan Prima Future Leader” tiered leadership training,
Future   Leader” yang bertujuan mengembangkan                  which aims to develop leadership competency through the
kompetensi kepemimpinan (leadership competency)                Basic, Supervisory, Managerial and Executive Development
melalui program pelatihan Basic, Supervisory, Managerial       Programs.
and Executive Development Program.




                                     Technical Development Program

Pelatihan yang dilakukan oleh Pusat Pelatihan (Training        Training conducted by the Training Center in Talisayan is
Center) di Talisayan berupa kegiatan pelatihan                 in the form of refresher training activities in class, as well
penyegaran di kelas, maupun praktik kegiatan langsung          as practical activities in the field or work area. This training
di lapangan atau area kerja. Pelatihan ini ditujukan           is intended to improve specific skills for employees on
untuk meningkatkan keahlian khusus bagi karyawan               an ongoing basis. Training materials are focused on
secara terus-menerus. Materi pelatihan difokuskan              strengthening work standards (Standard Operating
untuk memperkuat standar kerja (Standar Operasional            Procedures, Work Instructions and Implementation Policy)
Prosedur, Instruksi Kerja, dan Petunjuk Pelaksanaan) serta     as well as increasing employee productivity.
meningkatkan produktivitas karyawan.




                                      Certified Development Program

Berbagai pelatihan sertifikasi yang menjadi syarat             Various certification trainings that are required            for
karyawan dalam menjalankan bidang pekerjaannya,                employees in carrying out their work, such as:
seperti:
• Pelatihan Ahli Keamanan, Kesehatan, dan Keselamatan          • General Occupational Safety, Health and Security (K3)
  kerja (K3) Umum;                                               Expert Training;
• Bimbingan Teknis Kebakaran Hutan dan Lahan;                  • Technical Guidance on Forest and Land Fires;
• Petugas Pertolongan Pertama pada Kecelakaan (P3K);           • First Aid Officer for Accidents (P3K);
• Higiene      Perusahaan,    Kesehatan      (HIPERKES)   &    • Corporate Hygiene, Health (HIPERKES) & Occupational
  Keselamatan Kerja (KK);                                        Safety (KK);
• Gada Pratama;                                                • Gada Pratama;
• Pembinaan dan Sertifikasi K3 Operator Alat;                  • Tool Operator K3 Coaching and Certification;
• Petugas Kebakaran Bangunan Gedung;                           • Building Fire Officer;
• Auditor ISPO;                                                • ISPO Auditor;
• Sertifikasi CHR Business Partner (CHRBP); serta              • CHR Business Partner (CHRBP) Certification; and
• Sertifikasi Badan Nasional Sertifikasi Profesi (BNSP) Staf   • National Board for Professional Certification (BNSP)
  Manajemen Sumber Daya Manusia (MSDM).                          Certification for Human Resource Management (HRM)
                                                                 Staff.




Perseroan     telah    melaksanakan        program                    The Company has implemented competency
pengembangan        kompetensi    kepada       3.129                  development programs for 3,129 employees at
karyawan dengan biaya sebesar Rp2.085.797.302,-                       a cost of Rp2,085,797,302.- throughout the year
di sepanjang tahun 2024. Informasi terkait kegiatan                   2024. Information related to the activities of the
program pengembangan kompetensi diungkapkan                           competency development programs is disclosed in
pada Laporan Keberlanjutan.                                           the Sustainability Report.




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Remunerasi                                               Remuneration

Remunerasi merupakan kompensasi atau imbalan             Remuneration is the compensation or reward that
yang diterima oleh karyawan atas pekerjaan yang          employees receive for their work. The purpose
dilakukan. Pemberian remunerasi juga ditujukan           of providing remuneration is also to enhance
untuk meningkatkan produktivitas dan kesadaran           productivity and employee awareness of their
karyawan akan tanggung jawab yang dijalankan,            responsibilities, leading to better performance in the
sehingga mencapai kinerja yang lebih baik di masa        future. The Company provides remuneration based
depan. Perseroan memberikan remunerasi merujuk           on the principle of fairness, considering factors such
pada asas keadilan, dengan memperhatikan tingkat         as job level, length of service, performance, and other
jabatan, lama waktu bekerja, prestasi, penilaian         determining components. Additionally, the Company
kinerja, serta komponen penentu lainnya. Selain itu,     does not differentiate entry-level salaries between
Perseroan tidak membedakan gaji entry level, baik        male and female employees, maintaining a 1:1 ratio.
karyawan pria atau wanita, keduanya berbanding 1:1.

Pemberian remunerasi juga disesuaikan dengan             Remuneration is also adjusted according to
peraturan yang berlaku terkait pemberian upah            applicable regulations regarding regional minimum
minimum kabupaten (UMK), upah minimum provinsi           wages (UMK), provincial minimum wages (UMP),
(UMP), dan tingkat upah yang berlaku di industri         and wage levels in similar industries. With these
sejenis. Dengan penyesuaian tersebut, Perseroan          adjustments, the Company is able to offer
mampu memberikan remunerasi yang lebih tinggi            remuneration that is higher than the UMP set for
dibandingkan ketetapan UMP di masing-masing              each operational area. Furthermore, the Company
wilayah operasional. Selain itu, Perseroan turut         provides allowances and facilities for all employees,
memberikan tunjangan dan fasilitas bagi seluruh          both permanent and contract. Information regarding
karyawan, baik tetap maupun kontrak. Informasi           employee remuneration is fully detailed in the
terkait remunerasi karyawan telah disampaikan            Sustainability Report.
secara lengkap pada Bab Laporan Keberlanjutan.



Kesehatan dan Keselamatan Kerja                          Occupational Health and Safety

Kesehatan dan keselamatan kerja (K3) merupakan           Occupational health and safety (OHS) is a top priority
prioritas utama dalam setiap aktivitas operasional       in all operational activities of the Company, with the
Perseroan, dengan target tidak ada kecelakaan            goal of achieving zero accidents across the Company
(zero accident) di Perseroan dan Entitas Anak. Untuk     and its Subsidiaries. To fulfill this commitment,
mewujudkan komitmen ini, Perseroan melakukan             the Company conducts hazard and risk identification,
identifikasi bahaya dan risiko kerja, analisa            job safety analysis, near miss reporting, safety
keselamatan pekerjaan dan near miss, safety              campaigns, and regular OHS training. Additionally,
campaign, serta pelatihan K3 secara rutin. Selain itu,   the Company enforces sanctions for unsafe
Perseroan juga menerapkan sanksi terkait perilaku        behaviors and improves OHS components that do
yang tidak aman dan memperbaiki komponen K3              not meet the required standards.
yang belum memenuhi ketentuan.

Sepanjang     tahun   2024,    Perseroan  berhasil       Throughout 2024, the Company achieved zero
mencapai zero accident dan meraih penghargaan            accidents and received awards for its commitment to
atas komitmen keselamatan kerja. Perseroan juga          workplace safety. The Company was also recognized
memperoleh pengakuan melalui Penghargaan                 with the 2024 Zero Accident Award, presented by the
Kecelakaan Nihil Tahun 2024 yang diberikan oleh          East Kalimantan Provincial Government to several of
Pemerintah Provinsi Kalimantan Timur kepada              its Subsidiaries. To maintain this accomplishment,
beberapa Entitas Anak. Untuk mempertahankan              regular OHS training is held across all operational
pencapaian ini, pelatihan K3 diadakan secara             areas of the Company and its subsidiaries, ensuring
berkala di seluruh wilayah operasional Perseroan         that employees actively participate and remain
dan Entitas Anak, guna memastikan karyawan aktif         committed to OHS practices.
berpartisipasi dan peduli terhadap penerapan K3.




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Strategi Pengembangan SDM 2025                               HR Development Strategy 2025

Perseroan senantiasa mengoptimalkan penerapan                The     Company      consistently    optimizes     the
strategi pengembangan SDM untuk memaksimalkan                implementation of Human Resource Development
potensi karyawan dan mencapai tujuan bisnis                  strategies to maximize employee potential and
secara efektif. Strategi pengembangan SDM untuk              effectively achieve business objectives. The Human
tahun 2025 telah ditetapkan sebagai berikut.                 Resource Development strategies for 2025 have
                                                             been established as follows.
1.  Penguatan       manajemen        suksesi     melalui     1. Strengthening succession management through
    implementasi      talent     management         guna         talent management to ensure the availability of
    memastikan tersedianya kandidat suksesor                     potential successor for strategic positions within
    untuk     memenuhi      kebutuhan      posisi-posisi         the company.
    strategis di Perseroan.
2. Optimalisasi program pengembangan dan                     2. Optimizing the talent development and retention
    retensi talenta untuk mempertahankan talenta                programs in retaining the Company’s best talents.
    terbaik yang dimiliki oleh Perseroan.
3. Penguatan kaderisasi internal melalui program             3. Strengthening internal talent formation via
    rekrutmen      Management         Training     untuk        Management Training recruitment program
    mendapatkan talenta-talenta terbaik sebagai                 to identify best talents to be nurtured as the
    calon pemimpin masa depan di Perseroan.                     Company’s future leaders.
4. Penguatan Budaya TELADAN di seluruh unit                  4. Strengthening TELADAN culture across all
    operasional Perseroan melalui standarisasi                  Company’s operational units by implementing
    kegiatan atau program kerja.                                standardized activities or work programs.
5. Pelaksanaan evaluasi implementasi Nilai-Nilai             5. Evaluating implementation of TELADAN Values via
    TELADAN melalui implementasi Teladan Culture                Teladan Culture Fit Assessment.
    Fit Assessment.
6. Penguatan kapabilitas SDM di industri kelapa              6. Continuous strengthening of HR capabilities in
    sawit secara berkelanjutan melalui program                  palm oil industry through Competency-Based
    pengembangan SDM berbasis kompetensi                        Human      Resources      Management (CBHRM)
    atau competency based human resources                       program, provided in stages from non-staff
    management (CBHRM) yang diberikan secara                    positions, supervisors, to managers.
    bertahap mulai dari jabatan non-staf, supervisor,
    hingga manajer.
7. Peningkatan kompetensi kepemimpinan di                    7. Continuous      improvement         of     leadership
    seluruh lini organisasi secara berkelanjutan                 competencies at every level of the organization
    melalui pelatihan kepemimpinan berjenjang,                   through the tiered leadership training program,
    yaitu Teladan Leadership Development Program.                Teladan Leadership Development Program.
8. Penguatan kompetensi teknis SDM di unit                   8. Strengthening HR technical competencies in
    operasional      Perseroan     melalui     sertifikasi       Company’s operational units through palm
    bidang perkebunan kelapa sawit oleh Badan                    oil plantation sector certification by National
    Sertifikasi Nasional Profesi (BSNP) sesuai Standar           Professional Certification Agency (BSNP) in
    Kompetensi Kerja Nasional Indonesia (SKKNI)                  accordance with the applicable Indonesian
    yang berlaku.                                                National Work Competency Standards (SKKNI).
9. Penguatan        kapabilitas    Perseroan      terkait    9. Strengthening      Company’s        capabilities   in
    penciptaan ide atau inovasi, serta perbaikan                 generating ideas or innovations, as well as driving
    berkelanjutan      melalui     Program      Teladan          continuous improvements through Teladan
    Innovation & Improvement Award (TIIAs).                      Innovation & Improvement Award (TIIAs).
10. Pelaksanaan evaluasi kinerja individu secara             10. Implementing     the    individual     performance
    periodik yang diikuti dengan optimalisasi                    evaluations periodically, as well as the subsequent
    pelaksanaan coaching guna meningkatkan                       coaching to improve both the effectiveness and
    efektivitas dan produktivitas dalam mencapai                 productivity in achieving the established work
    target kerja yang ditetapkan.                                targets.




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TEKNOLOGI INFORMASI
  Information Technology

Dalam perkembangan Perseroan hingga saat ini,            In the Company’s development to date, the
penerapan serta pengembangan teknologi informasi         implementation and advancement of information
(TI) menjadi elemen kunci dalam meningkatkan             technology (IT) have become key elements in
efisiensi, efektivitas, dan responsivitas operasional    enhancing operational efficiency, effectiveness,
Perseroan. Sebagai perusahaan agrikulutur modern,        and responsiveness. As a modern agribusiness
Perseroan telah berhasil memanfaatkan TI dengan          enterprise, the Company has successfully leveraged
mengintegrasikan berbagai aktivitas sehingga             IT to integrate various activities, enabling fast,
kebutuhan data dan informasi yang diperlukan dapat       accurate, and timely access to the required data
diakses dengan cepat, akurat, dan tepat waktu.           and information.

Sejak tahun 2022, Perseroan melalui 2 sistem             Since 2022, the Company has implemented two
berbasis Internet of Things (IoT), yaitu Teladan Green   Internet of Things (IoT)-based systems, Teladan
Metrics (TGM) dan Teladan Productivity Technology        Green Metrics (TGM) and Teladan Productivity
Science (TPTS), telah berhasil untuk membuat sistem      Technology Science (TPTS), to establish an IT system
TI yang menyediakan data dan analitik terintegrasi       that provides integrated data and analytics covering
yang mencakup aspek lingkungan, sosial, dan              environmental, social, and governance (ESG)
tata kelola (ESG), serta memantau pengelolaan            aspects, as well as monitoring plantation operational
operasional kebun. Dengan TGM dan TPTS,                  management. Through TGM and TPTS, the Company
Perseroan memiliki kemampuan untuk melakukan             can detect early signs of declining vegetation or
deteksi secara dini penurunan tingkat kehijauan          moisture levels in specific areas, enabling corrective
atau kelembaban di area tertentu, sehingga               actions to maximize productivity. With this integrated
dapat segera mengambil tindakan korektif untuk           IT system, the Company is now able to execute,
memaksimalkan produktivitas. Dengan sistem TI            monitor, and report sustainability performance to
terintegrasi ini, Perseroan kini dapat melaksanakan,     all stakeholders comprehensively, data-driven, and
memantau, dan melaporkan kinerja keberlanjutan           almost in real-time.
kepada seluruh pemangku kepentingan secara
lengkap, berbasis data, dan hampir secara real time.

Kedua sistem tersebut senantiasa dikembangkan            Both systems are continuously developed to
guna mencapai integrasi teknologi yang lebih             achieve further technological integration. In 2024,
lanjut. Pada tahun 2024, pengembangan difokuskan         development is focused on TPTS. This aligns with
pada TPTS. Hal ini sejalan dengan upaya Perseroan        the Company’s efforts to analyze the impacts
untuk melakukan analisis terhadap dampak                 of climate change, particularly concerning
perubahan iklim, terutama terkait fenomena El            the El Niño-Southern Oscillation (ENSO) phenomenon.
Niño-Southern Oscillation (ENSO). ENSO merupakan         ENSO is a climate anomaly that affects palm oil
anomali iklim yang memengaruhi produktivitas             plantation productivity in East Kalimantan, where
perkebunan kelapa sawit di Kalimantan Timur, di          the Company conducts its operations. The approach
mana Perseroan menjalankan aktivitas operasional.        to analyzing the impacts of ENSO undertaken by
Adapun pendekatan analisis dampak ENSO yang              the Company through TPTS uses the Ocean Nino
dilakukan oleh Perseroan melalui TPTS menggunakan        Index 3.4 (ONI3.4) and Multivariate ENSO Index (MEI)
pendekatan parameter Ocean Nino Index 3.4                parameters to monitor weather changes and analyze
(ONI3.4) dan Multivariate ENSO Index (MEI) untuk         their effects on Fresh Fruit Bunch (TBS) production
memantau perubahan cuaca dan menganalisis                and other indicators, such as plant health index
dampaknya terhadap produksi TBS dan indikator            and water reserves. ENSO analysis is essential for
lainnya seperti indeks kesehatan tanaman serta           the management to assess the scale and potential
cadangan air. Analisis ENSO diperlukan oleh              loss of production and yields, as well as to support
manajemen untuk mengetahui seberapa besar                the Company in determining future policies and
nilai dan potensi kehilangan produksi dan hasil,         strategies.
serta membantu Perseroan untuk menentukan arah
kebijakan dan strategi ke depannya.




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Di samping itu, Perseroan juga mengoptimalkan        In addition, the Company is also optimizing remote
teknologi penginderaan jauh (remote sensing)         sensing technology and Artificial Intelligence (AI) to
dan kecerdasan buatan (Artificial Intelligence/AI)   detect and prevent the emergence of diseases in
untuk mendeteksi dan mencegah timbulnya              palm oil plants, such as Ganoderma sp. This disease
penyakit    tanaman     kelapa     sawit,  seperti   attacks the roots and stems of oil palms, leading to
Ganoderma sp. Penyakit ini menyerang akar dan        rot and potentially causing the death of the plants.
batang sawit, menyebabkan pembusukan hingga          With remote sensing data and big data analysis,
kematian tanaman. Dengan data penginderaan           healthy and unhealthy oil palm conditions can be
jauh dan analisis big data, kondisi tanaman sawit    identified early, allowing for swift field observations.
yang sehat dan kurang sehat dapat diidentifikasi
lebih awal, memungkinkan observasi lapangan
yang cepat.

Teknologi remote sensing dan AI memanfaatkan         Remote sensing technology and AI utilize satellite
citra satelit, drone, serta data geospasial untuk    imagery, drones, and geospatial data to diagnose
mendiagnosis penyakit lebih cepat. Melalui sistem    diseases more quickly. Through the TPTS system,
TPTS, Perseroan mengombinasikan data sensor          the Company combines data from satellite sensors
satelit dan drone untuk mengukur indeks kesehatan    and drones to measure plant health indices.
tanaman. Dengan dukungan AI dan machine              With the support of AI and machine learning, TPTS
learning, TPTS mampu memantau kondisi tanaman        can accurately monitor plant conditions and provide
secara akurat dan memberikan solusi lapangan         field solutions based on the collected data.
berdasarkan data yang terkumpul.




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PENGEMBANGAN OPERASIONAL PERKEBUNAN
  Plantation Operational Development

Perseroan berupaya untuk menciptakan proses            The Company strives to create sustainable and
operasional yang berkesinambungan dan efektif          effective operational processes, particularly in the
terutama dalam proses mekanisasi perkebunan            mechanization of palm oil plantations. In the previous
kelapa sawit. Pada tahun sebelumnya, Perseroan         year, the Company implemented a pilot project for
telah melaksanakan pilot project pemupukan             inorganic fertilization at Feliza Estate, PT Cahaya
anorganik di Kebun Feliza Estate, PT Cahaya            Anugerah Plantation (CAP), in Kutai Kartanegara,
Anugerah Plantation (CAP), di Kabupaten Kutai          East Kalimantan, in accordance with the Long-Term
Kartanegara, Kalimantan Timur, sesuai dengan           Plan 2020-2024.
Rencana Jangka Panjang 2020-2024.

Mekanisme pemupukan mengikuti prinsip tepat            The fertilization mechanism follows the principles
dosis, tepat cara, tepat waktu, tepat sasaran, dan     of correct dosage, correct method, correct timing,
tepat jenis (5T), dengan traktor berban low ground     correct targeting, and correct type (5T), using low
pressure (LGP) untuk menjaga struktur tanah. Hasil     ground pressure (LGP) tractors to maintain soil
dari proyek ini menunjukkan:                           structure. The results of this project show:
1. Luas lahan yang dipupuk per hari meningkat          1. The area fertilized per day increased fivefold
   5 kali lipat dari metode manual;                        compared to the manual method;
2. Penggunaan tenaga kerja berkurang hingga 80%,       2. Labor usage decreased by up to 80%, resulting in
   dengan penghematan biaya 47%;                           cost savings of 47%;
3. Pemupukan mencapai 30-35 Ha per unit per hari,      3. Fertilization reached 30-35 Ha per unit per day,
   10 kali lebih cepat dari manual;                        which is ten times faster than manual methods;
4. Prosesnya 2-3 kali lebih cepat, memastikan          4. The process is 2-3 times quicker, ensuring
   pemupukan sesuai dengan prinsip 5T; serta               fertilization aligns with the 5T principles; and
5. Penggunaan         GPS     menjadikan    aplikasi   5. The use of GPS made the fertilization application
   pemupukan lebih presisi dan merata.                     more precise and uniform.

Dengan keberhasilan ini, Perseroan berencana           With this success, the Company plans to expand
memperluas mekanisasi ke kebun Entitas Anak            mechanization to other Subsidiary plantations by
lainnya, dengan mempersiapkan infrastruktur,           preparing infrastructure, developing HR skills, and
pengembangan keterampilan SDM, dan peningkatan         improving reporting systems.
sistem pelaporan.

Selain        itu,     Perseroan      juga    telah    In addition, the Company has implemented modern
mengimplementasikan teknologi agrikultur modern        agricultural technology known as the Hatch and
berupa Hatch and Carry Mobile Station (HCMS).          Carry Mobile Station (HCMS). HCMS is an applied
HCMS merupakan teknologi terapan yang digunakan        technology used for hatching oil palm pollinating
untuk penetasan serangga penyerbuk kelapa sawit        insects (Elaeidobius kamerunicus) in a controlled
(Elaeidobius Kamerunicus) dalam sebuah kotak, serta    box and spraying pollen onto the hatched beetles,
untuk penyemprotan polen pada kumbang hasil            which are then released into the field. Beetle releases
penetasan yang kemudian dilepaskan ke lapangan.        are conducted daily in areas identified with low fruit-
Pelepasan kumbang dilakukan setiap hari di area        set rates.
yang terindikasi mengalami permasalahan dengan
tingkat fruit-set (tatanan buah) yang rendah.




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Pada periode Juni hingga Agustus 2024, Perseroan     From June to August 2024, the Company applied
telah menerapkan HCMS di 2 lokasi perkebunan         HCMS technology in two oil palm plantation
kelapa sawit, yaitu Benua Baru Estate (BBE) yang     locations: Benua Baru Estate (BBE) in East Kutai
terletak di Kabupaten Kutai Timur dan Tanjung        Regency and Tanjung Harapan Estate (THE) in Paser
Harapan Estate (THE) di Kabupaten Paser. Ke depan,   Regency. Moving forward, the Company will continue
Perseroan akan terus mengimplementasikan             to adopt bio-agro technologies as part of its strategy
teknologi bio-agro sebagai bagian dari strategi      to maintain the quality and growth of palm oil
untuk menjaga kualitas dan pertumbuhan produksi      production while ensuring sustainability through the
minyak kelapa sawit, sekaligus memastikan            use of environmentally friendly natural resources.
keberlanjutan dengan memanfaatkan sumber daya
alam yang ramah lingkungan.




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TATA KELOLA
PERUSAHAAN
      Corporate
      Governance




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KOMITMEN TERHADAP PENERAPAN
TATA KELOLA PERUSAHAAN
  Commitment to Corporate Governance Implementation

Perseroan meyakini bahwa penerapan tata                The Company considers Good Corporate Governance
kelola perusahaan yang baik (good corporate            (GCG) as the main foundation in creating
governance/GCG) merupakan fondasi utama                sustainable values. This allows the Company to keep
dalam menciptakan nilai berkelanjutan. Hal ini         showcasing superior performances and achieving
memungkinkan Perseroan untuk terus menunjukkan         sustainable business growth. Thus, the Company
kinerja unggul dan mencapai pertumbuhan bisnis         has been consistently maintaining and developing
yang berkelanjutan. Oleh karena itu, Perseroan         transparent, accountable, and ethical governance
secara konsisten memelihara dan mengembangkan          practices in every operational aspect, in line with the
praktik tata kelola yang transparan, akuntabel,        applicable GCG policy and sustainability standards.
dan etis di setiap aspek operasional, sesuai
dengan pedoman GCG dan standar keberlanjutan
yang berlaku.



Dasar Hukum GCG                                        Legal Basis for GCG

Penerapan GCG Perseroan mengacu pada kebijakan         The implementation of GCG in the Company refers
dan peraturan yang berlaku sebagai berikut.            to the following applicable policies and regulations.
1. Peraturan perundang-undangan yang berlaku           1. Applicable laws and regulations in Indonesia,
   di   Indonesia,   khususnya     Undang-Undang           particularly Law No. 8 of 1995 on Capital Markets
   No. 8 Tahun 1995 tentang Pasar Modal dan                and Law No. 40 of 2007 on Limited Liability
   Undang-undang No. 40 Tahun 2007 tentang                 Companies, as may be amended from time to
   Perseroan Terbatas sebagaimana dapat diubah             time.
   dari waktu ke waktu.
2. Peraturan lainnya terkait perusahaan terbuka        2. Other regulations related to publicly listed
   yang diterbitkan oleh Otoritas Jasa Keuangan           companies issued by the Financial Services
   dan Bursa Efek Indonesia.                              Authority and the Indonesia Stock Exchange.
3. Anggaran Dasar Perseroan.                           3. The Company’s Articles of Association.
4. Pedoman Umum Governansi Korporat Indonesia          4. The Indonesian Corporate Governance Guidelines
   (PUGKI) yang dipublikasikan oleh Komite Nasional       (PUGKI) published by the National Committee on
   Kebijakan Governansi (KNKG).                           Governance Policy (KNKG).
5. ISO 37000:2021 - Governance of Organizations.       5. ISO 37000:2021 - Governance of Organizations.



Penerapan Prinsip-Prinsip GCG                          Implementation of GCG Principles

Berlandaskan pada Pedoman Umum Governansi              Based on 2021 Indonesian Corporate Governance
Korporat Indonesia (PUGKI) 2021, yang dipublikasikan   Guidelines (PUGKI) published by the National
oleh Komite Nasional Kebijakan Governansi (KNKG),      Committee on Governance Policy (KNKG) and
dan ISO 37000:2021 - Governance of Organizations,      ISO 37000:2021 - Governance of Organizations, the
Perseroan menerapkan prinsip-prinsip GCG melalui       Company implements GCG principles through the
pilar-pilar governansi korporat sebagai berikut.       following pillars of corporate governance:




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                                                                          Tata Kelola Perusahaan / Corporate Governance




Pilar Governansi
    Korporat
                                     Penjelasan                                     Penerapan di Perseroan
    Corporate                       Descriptions                                   Company Implementation
   Governance
      Pillars
Perilaku Beretika   Dalam melaksanakan kegiatannya, korporasi         •   Pedoman Etika dan Perilaku menjadi acuan bagi
                    senantiasa      mengedepankan     kejujuran,          seluruh insan Perseroan, termasuk seluruh organ
                    memperlakukan semua pihak dengan                      serta pihak eksternal. Pedoman Etika dan Perilaku
                    hormat (respect), memenuhi komitmen,                  tersebut telah disosialisasikan secara masif
                    membangun serta menjaga nilai-nilai moral             kepada seluruh insan Perseroan agar menjadi
                    dan kepercayaan secara konsisten. Korporasi           pribadi yang menjunjung tinggi penerapan tata
                    memperhatikan kepentingan Pemegang                    kelola perusahaan yang baik dan patuh terhadap
                    Saham dan pemangku kepentingan lainnya                peraturan perundang-undangan yang berlaku
                    berdasarkan asas kewajaran dan kesetaraan             serta dapat menghindari segala tindakan yang
                    (fairness) dan dikelola secara independen             melanggar ketentuan seperti korupsi, benturan
                    sehingga masing-masing organ perusahaan               kepentingan, dan tidak adanya tindakan
                    tidak saling mendominasi dan tidak dapat              diskriminasi di Perseroan;
                    diintervensi oleh pihak lain.                     •   Memastikan Nilai-Nilai Perusahaan disosialisasikan
                                                                          secara menyeluruh;
                                                                      •   Memasifkan penerapan kebijakan anti-korupsi dan
                                                                          anti-penyuapan; serta
                                                                      •   Menerapkan        sistem    pelaporan     dugaan
                                                                          pelanggaran atau whistleblowing system (WBS)
                                                                          sebagai media untuk menyampaikan adanya
                                                                          dugaan pelanggaran atas Etika dan Perilaku,
                                                                          peraturan internal, atau peraturan perundang-
                                                                          undangan yang berlaku. Sistem ini dijalankan
                                                                          dengan profesional mengacu pada Pedoman
                                                                          Sistem Pelaporan Dugaan Pelanggaran yang telah
                                                                          ditetapkan oleh Perseroan.

Ethical Behavior    In carrying out its activities, the corporation   •   The Code of Ethics and Conduct serves as a
                    always prioritize honesty, treat all parties          guide for every employee within the Company,
                    respectfully, meet its commitment, build and          encompassing all organs and external parties.
                    maintain moral values and trust consistently.         It has been extensively communicated to all
                    The Corporation pays attention to the interests       Company employees with the aim of fostering a
                    of Shareholders and other stakeholders based          commitment to upholding the principles of good
                    on the principles of fairness and equality and        corporate governance, adhering to relevant
                    is managed independently to keep each of              laws and regulations, and avoiding engaging in
                    the company organ from dominating each                activities that violate regulations, including but
                    other and cannot be intervened by other               not limited to corruption, conflicts of interest, and
                    parties.                                              discrimination within the Company;
                                                                      •   Ensure the corporate values are comprehensively
                                                                          disseminated;
                                                                      •   Intensifying the implementation of anti-corruption
                                                                          and anti-bribery policies; and
                                                                      •   Implement the Whistleblowing System (WBS) as
                                                                          a means to report alleged violations on Ethics
                                                                          and Behavior, internal regulations, or applicable
                                                                          laws and regulations. The system is operated
                                                                          professionally by referring to the Policy for Alleged
                                                                          Violation Reporting System already implemented
                                                                          by the Company.




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Pilar Governansi
    Korporat
                                   Penjelasan                                    Penerapan di Perseroan
    Corporate                     Descriptions                                  Company Implementation
   Governance
      Pillars
Akuntabilitas      Korporasi dapat mempertanggungjawabkan          •   Melakukan evaluasi secara berkala struktur
                   kinerjanya     secara    transparan     dan         organisasi Perseroan;
                   wajar. Untuk itu, korporasi harus dikelola      •   Memastikan strategi usaha yang ditetapkan
                   secara benar, terukur dan sesuai dengan             sesuai dengan prinsip akuntabilitas;
                   kepentingan     korporat    dengan    tetap     •   Melakukan evaluasi terhadap penerapan aspek
                   memperhitungkan kepentingan Pemegang                GCG, serta pelaksanaan tugas dan tanggung
                   Saham      dan    pemangku     kepentingan.         jawab organ GCG;
                   Akuntabilitas merupakan prasyarat yang          •   Melakukan audit, baik internal dan eksternal,
                   diperlukan untuk mencapai kinerja yang              terhadap kinerja Perseroan;
                   berkelanjutan.                                  •   Memastikan terlaksananya manajemen risiko
                                                                       yang baik pada praktik kerja dan bisnis Perseroan;
                                                                       serta
                                                                   •   Memastikan penerapan sistem pengendalian
                                                                       internal berjalan dengan baik dan sesuai
                                                                       ketentuan yang berlaku.
Accountability     The Corporation can be held accountable         •   Evaluate the Company’s organization structure
                   for its performance transparently and fairly.       periodically;
                   Therefore, corporation should be managed        •   Ensure the business strategy set is in line with the
                   properly, measurably, and in line with              accountability principles;
                   corporate interests while considering the       •   Evaluate the implementation of GCG aspect,
                   interests of Shareholders and stakeholders.         as well as the implementation of duties and
                   Accountability is a required prerequisite for       responsibilities of GCG organs;
                   sustainable performance.                        •   Conduct audits, both internal and external, of the
                                                                       Company’s performance;
                                                                   •   Ensure the implementation of good risk
                                                                       management in the Company’s work and business
                                                                       practices; and
                                                                   •   Ensure the implementation of internal control
                                                                       system runs well and according to the applicable
                                                                       provisions.

Transparansi       Untuk    menjaga     obyektivitas    dalam      •   Memastikan seluruh pemangku kepentingan
                   menjalankan bisnis, korporasi menyediakan           Perseroan mendapatkan informasi yang benar
                   informasi yang material dan relevan dengan          dan akurat, serta memperbarui secara berkala
                   cara yang mudah diakses dan dipahami                informasi mengenai Perseroan, baik di situs web
                   oleh pemangku kepentingan. Korporasi                Perseroan (www.teladanprima.com) maupun di
                   mengambil inisiatif untuk mengungkapkan             situs web Bursa Efek Indonesia;
                   tidak hanya masalah yang disyaratkan oleh       •   Memastikan komunikasi dengan pemangku
                   peraturan   perundang-undangan,       tetapi        kepentingan berjalan dengan baik dan transparan
                   juga hal yang penting untuk pengambilan             sesuai dengan peraturan yang berlaku;
                   keputusan oleh Pemegang Saham, kreditur,        •   Menyampaikan       Laporan    Tahunan,   Laporan
                   dan pemangku kepentingan lainnya.                   Keuangan, dan laporan lain terkait Perseroan
                                                                       kepada regulator, masyarakat, dan pemangku
                                                                       kepentingan melalui situs web Perseroan dan situs
                                                                       web Bursa Efek Indonesia sesuai dengan periode
                                                                       yang telah ditentukan; serta
                                                                   •   Menerbitkan berita terkini dan terbaru perihal
                                                                       perkembangan Perseroan dan memberikan
                                                                       keterbukaan      informasi      kepada    seluruh
                                                                       masyarakat dan pemangku kepentingan lainnya
                                                                       yang dapat diakses melalui situs web Perseroan
                                                                       (www.teladanprima.com).




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Pilar Governansi
    Korporat
                                    Penjelasan                                       Penerapan di Perseroan
    Corporate                      Descriptions                                     Company Implementation
   Governance
      Pillars
Transparency       To maintain objectivity in doing business,          •   Guarantee correct and accurate information
                   the corporation is providing material and               reaches all Company stakeholders, with regular
                   relevant information in a way that is easily            updates both on the Company’s website
                   accessible and understood by stakeholders.              (www.teladanprima.com) and the Indonesia Stock
                   The Corporation took the initiative by                  Exchange website;
                   disclosing not only issues required by the          •   Foster effective and transparent communication
                   laws and regulations, but also important for            with stakeholders in compliance with relevant
                   decision making by Shareholders, creditors,             regulations;
                   and other stakeholders.                             •   Submitting the Annual Report, Financial Statements,
                                                                           and other reports related to the Company to
                                                                           regulators, the public, and stakeholders through
                                                                           the Company’s website and the Indonesia Stock
                                                                           Exchange website within the specified period; and
                                                                       •   Publishing the latest and updated news regarding
                                                                           the Company’s developments and providing
                                                                           transparency to the public and other stakeholders,
                                                                           accessible through the Company’s website
                                                                           (www.teladanprima.com).

Keberlanjutan      Korporasi mematuhi peraturan perundang-             Menerapkan prinsip berkelanjutan dalam operasional
                   undangan serta berkomitmen melaksanakan             Perseroan yang berfokus pada aspek good
                   tanggung jawab terhadap masyarakat                  governance, agro-ecological, socio-territorial, dan
                   dan lingkungan agar berkontribusi pada              economic viability, serta melanjutkan komitmen untuk
                   pembangunan       berkelanjutan   melalui           membangun industri kelapa sawit yang berkualitas
                   kerja sama dengan semua pemangku                    baik dan bernilai keberlanjutan serta senantiasa
                   kepentingan untuk meningkatkan kehidupan            berpedoman pada Kebijakan Sawit Lestari (KSL).
                   mereka    dengan    cara    yang  selaras           Perseroan juga menyusun Laporan Keberlanjutan
                   dengan kepentingan bisnis dan agenda                secara terpisah dari Laporan Tahunan, serta telah
                   pembangunan berkelanjutan.                          dipublikasikan di situs web Perseroan ataupun Bursa
                                                                       Efek Indonesia.
Sustainability     The Corporation complies with the laws              Implementing sustainability principles in the
                   and regulations and is committed to                 Company’s operations, focusing on good governance,
                   implement the community and environment             agro-ecological, socio-territorial, and economic
                   responsibilities to contribute to sustainable       viability aspects, while maintaining the commitment
                   development through cooperation with all            to building a high-quality and sustainable palm oil
                   stakeholders to improve their lives through         industry, continuously guided by the Sustainable
                   ways that are in line with the business interests   Palm Oil Policy (KSL). The Company also prepares
                   and sustainable development agenda.                 a Sustainability Report separately from the Annual
                                                                       Report, which has been published on the Company’s
                                                                       website and the IDX website.




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Infrastruktur Tata Kelola Perusahaan                                             Corporate Governance Infrastructure

Perseroan telah menyusun infrastruktur tata                                      The Company has developed corporate governance
kelola perusahaan sebagai kerangka kerja                                         infrastructure as a comprehensive framework to
komprehensif untuk menerapkan, mengelola, dan                                    implement, manage, and maintain GCG practices.
memelihara praktik-praktik GCG. Infrastruktur ini                                This infrastructure includes the policies, guidelines,
mencakup kebijakan, pedoman, dan prosedur yang                                   and procedures designed to support the Company
dirancang untuk mendukung pencapaian tujuan                                      in achieving its objectives as well as ensuring
Perseroan serta memastikan kepatuhan terhadap                                    compliance with applicable GCG principles, ethical
prinsip-prinsip GCG, standar etika, dan hukum                                    standards, and laws.
yang berlaku.




                                                              FIDUCIARY DUTY


                            Memenuhi tugas dan tanggung jawab pengurusan Perseroan untuk
                          kepentingan Perseroan dan sesuai dengan maksud dan tujuan Perseroan
                   Performing the duties and responsibilities associated with overseeing the Company for
                        the Company’s advantage and in alignment with its purposes and objectives



                                           Pedoman                  Pedoman
                                                                                                                       Pedoman
                Pedoman Sistem            Pengelolaan             Keberlanjutan,            Pedoman
                                                                                                                 Komunikasi dengan
                  Manajemen            Dokumen dan Arsip        Tanggung Jawab              Hubungan
                                                                                                                 Pemegang Saham
                  Terintegrasi            Perusahaan                Sosial dan              Pemangku
                                                                                                                     atau Investor
                   Integrated            Management                Lingkungan              Kepentingan
                                                                                                                   Communication
                 Management               of Company           Sustainability, Social      Stakeholder
                                                                                                                  with Shareholders
                 System Policy          Documents and           and Environmental       Relationship Policy
                                                                                                                  or Investors Policy
                                         Archives Policy       Responsibility Policy

 OPERATIONAL
   POLICIES                                                         Pedoman
                Pedoman Seleksi
                                                               Hubungan Korporasi
                dan Peningkatan
                                                               antara Perusahaan
                  Kemampuan                                                                 Kebijakan
                                            Pedoman               Induk dengan
                 Pemasok dan                                                              Pemenuhan                  Pedoman
                                         Insider Trading        Perusahaan Anak
                     Vendor                                                             Hak-Hak Kreditur            Operasional
                                         Insider Trading       Corporate Relations                                Operational Policy
                  Supplier and                                                           Creditor Rights
                                              Policy           between the Parent
                Vendor Selection                                                        Fulfillment Policy
                                                                    Company
                 and Capacity
                                                                and Subsidiaries
                 Building Policy
                                                                   Policy Anak




                                                                   Pedoman
                                                                                         Pedoman Sistem
                                                                                                                                         PROSEDUR
                  Piagam Unit               Pedoman             Anti-Korupsi dan                                   Pedoman Etika        PROCEDURES
  INTERNAL                                                                              Pelaporan Dugaan
                 Audit Internal        Manajemen Risiko         Anti-Penyuapan                                      dan Perilaku
  CONTROL                                                                                  Pelanggaran
                 Internal Audit        Risk Management          Anti-Corruption                                   Code of Ethics and
   POLICIES                                                                               Whistleblowing
                  Unit Charter                Policy            and Anti-Bribery                                   Conduct Policy
                                                                                          System Policy
                                                                   Corruption




                                                                                                                 Piagam Komite
                                                Piagam Komite               Piagam Komite Investasi,
                                                                                                              Keberlanjutan Usaha
                                                 Nominasi dan                 GCG, dan Manajemen
                 Piagam Komite Audit                                                                          dan Tanggung Jawab
                                                  Remunerasi                          Risiko
                   Audit Committee                                                                                     Sosial
                                                Nomination and                Investment, GCG, and
                       Charter                                                                               Business Continuity and
                                                 Remuneration                   Risk Management
                                                                                                               Social Responsibility
                                               Committee Charter               Committee Charter
                                                                                                               Committee Charter
 FOUNDATION
   POLICIES                             Pedoman Tata Laksana Kerja Dewan Komisaris dan Direksi
                                   Board of Commissioners and Board of Directors Work Procedure Policy

                                                   Pedoman Good Corporate Governance
                                                     Good Corporate Governance Policy

                                                         Anggaran Dasar Perseroan
                                                    The Company’s Articles of Association




                                                           POLICY DOMAIN                                                                 EXECUTION
                                                              (WHAT)                                                                      DOMAIN
                                                                                                                                           (HOW)




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Sebagai bagian dari infrastruktur GCG, Pedoman Good      Integral to GCG infrastructure, Good Corporate
Corporate Governance (GCG) menjadi landasan              Governance (GCG) Policy serves as a key
utama penerapan GCG di Perseroan. Pedoman ini            fundamental in applying GCG in the Company. This
berlaku setelah disahkan melalui Keputusan Bersama       policy was officially enacted with its ratification via
Dewan Komisaris dan Direksi PT Teladan Prima             Joint Decree of the Board of Commissioners and
Agro Tbk No. 02/SK-DIR-DEKOM/GCG/TPA/XI/2023             Board of Directors of PT Teladan Prima Agro Tbk
tanggal 24 November 2023. Tujuan penyusunan              No.      02/SK-DIR-DEKOM/GCG/TPA/XI/2023            on
pedoman tersebut, antara lain:                           24 November 2023. The policy is prepared for the
                                                         following objectives, namely:
1.   Mengoptimalkan      nilai   (value)    Perseroan    1. Enhancing the Company’s value while still
     dengan tetap memperhatikan kepentingan                  considering the stakeholders’ interests and
     pemilik     kepentingan      dan     mendorong          promoting the achievement of sustained
     tercapainya        kesinambungan           bisnis       business continuity based on the principles of
     didasarkan prinsip transparansi, akuntabilitas,         transparency,     accountability,   responsibility,
     pertanggungjawaban,        kemandirian,      dan        independence, and fairness;
     kewajaran;
2.   Mendorong organ Perseroan, yaitu Rapat Umum         2. Encouraging the Company’s organs, namely
     Pemegang Saham (RUPS), Dewan Komisaris,                the General Meeting of Shareholders (GMS),
     dan Direksi agar dalam membuat seluruh                 the Board of Commissioners, and Board of
     keputusan dan menjalankan tindakannya untuk            Directors, in making all decisions and actions to
     senantiasa dilandasi oleh nilai moral yang tinggi      be consistently guided by high moral values and
     dan kepatuhan terhadap ketentuan Anggaran              compliance with the provisions of the Articles of
     Dasar dan peraturan perundang-undangan                 Association and applicable regulations;
     yang berlaku;
3.   Mendorong      pengelolaan     Perseroan    lebih   3. Promoting more professional, transparent,
     profesional, transparan dan efisien, serta             and efficient Company management, while
     memberdayakan fungsi dan meningkatkan                  enhancing the functions and bolstering the
     kemandirian organ Perseroan;                           independence of Company’s organs;
4.   Mendorong dan mendukung pengembangan,               4. Encouraging and supporting the development
     pengelolaan sumber daya Perseroan dan                  and management of the Company’s resources
     pengelolaan risiko usaha Perseroan dengan              and addressing the Company’s business
     penerapan prinsip kehati-hatian (prudent),             risks by applying the principles of prudence,
     akuntabilitas, dan bertanggungjawab sejalan            accountability, and responsibility in line with
     dengan prinsip-prinsip GCG;                            GCG principles;
5.   Mendorong timbulnya kesadaran dan tanggung          5. Promoting Company’s awareness and social
     jawab sosial Perseroan terhadap masyarakat             responsibility toward the community and
     dan kelestarian lingkungan terutama di sekitar         environmental     sustainability,    particularly
     Perseroan; serta                                       surrounding the Company; and
6.   Meningkatkan daya saing Perseroan, baik             6. Improving Company’s competitiveness, both
     secara nasional maupun internasional, sehingga         nationally and internationally, thereby gaining
     mampu mendapatkan kepercayaan pasar guna               market confidence to promote investment flows
     mendorong arus investasi dan pertumbuhan               and fostering sustainable national economic
     ekonomi nasional yang berkesinambungan.                growth.




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 Laporan Tahunan 2024 / 2024 Annual Report




STRUKTUR TATA KELOLA PERUSAHAAN
  Corporate Governance Structure


Perseroan telah membentuk struktur tata kelola        The Company has established a corporate
perusahaan        berdasarkan      Undang-Undang      governance structure based on Law No. 40 of
No.   40     Tahun    2007    tentang     Perseroan   2007 concerning Limited Liability Company and
Terbatas beserta perubahannya dari waktu              its amendments from time to time, Financial
ke waktu, Peraturan Otoritas Jasa Keuangan            Services Authority Regulation No. 21/POJK.04/2015,
No. 21/POJK.04/2015, serta Surat Edaran Otoritas      and    Financial   Services    Authority    Circular
Jasa Keuangan No. 32/SEOJK.04/2015. Struktur ini      No. 32/SEOJK.04/2015. This structure serves as
berfungsi sebagai pedoman dalam menjalankan           a guideline for managing and supervising the
pengelolaan     dan     pengawasan     perusahaan     company to ensure operations are transparent,
guna memastikan operasional yang transparan,          accountable, and aligned with the principles of GCG.
akuntabel, serta sesuai dengan prinsip-prinsip GCG.

Perseroan tidak menerapkan kebijakan pemisahan        The Company is not implementing the role separation
peran antara Chairman of The Board dan Chief          policy between the Chairman of the Board dan
Executive Officer (CEO). Direktur Utama memiliki      Chief Executive Officer (CEO). The President Director
kewenangan dalam mengawasi arah strategis,            has the authority to oversee the strategic direction,
manajemen risiko, serta pengambilan keputusan         risk management, and executive decision-making,
eksekutif, sekaligus bertanggung jawab atas           and also responsible for the implementation of
implementasi strategi dan operasional harian          strategies and daily operations of the Company. The
Perseroan. Model kepemimpinan ini dirancang           leadership model is designed to ensure effectiveness
untuk memastikan efektivitas dalam pengambilan        in decision-making as well as consistency in the




  138     PT Teladan Prima Agro Tbk
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                                                                           Tata Kelola Perusahaan / Corporate Governance




keputusan serta konsistensi dalam eksekusi strategi                execution of business strategies, in accordance with
bisnis, sejalan dengan visi dan tujuan jangka panjang              Company’s vision and long-term objectives.
Perseroan.

Berikut  uraian   fungsi dan    peran penting                      Following are the description of functions and crucial
masing-masing organ GCG di Perseroan.                              role of each of the GCG organ within the Company.
1. RUPS, organ tertinggi dalam struktur GCG                        1. General Meeting of Shareholders (GMS),
   yang berfungsi sebagai forum pengambilan                            the highest organ within the GCG structure,
   keputusan bagi Pemegang Saham.                                      functioning as the decision-making assembly for
                                                                       Shareholders.
2. Dewan Komisaris, organ utama yang berperan                      2. Board of Commissioners, the main organ
   sebagai pengawas kinerja Direksi. Organ ini                         overseeing the Board of Directors’ performance.
   didukung oleh Komite Audit, Komite Nominasi                         This organ is assisted by the Audit Committee,
   dan Remunerasi, Komite Manajemen Risiko, GCG,                       Nomination and Remuneration Committee,
   dan Investasi serta Komite Keberlanjutan Usaha                      Risk Management, GCG, and Investment
   dan Tanggung Jawab Sosial Perusahaan.                               Committee, and Business Sustainability and
                                                                       Corporate Social Responsibility Committee.
3. Direksi, organ utama yang berperan sebagai                      3. Board of Directors, the main organ responsible
   pengelola dan pengurus Perseroan. Organ ini                         for managing and administering the Company.
   didukung oleh Sekretaris Perusahaan, Unit Audit                     This organ receives support from the Corporate
   Internal, dan divisi pendukung lainnya.                             Secretary, Internal Audit Unit, and other
                                                                       auxiliary divisions.



                                             Rapat Umum Pemegang Saham
                                               General Meeting of Shareholders




                          Direksi                                                     Dewan Komisaris
                    Board of Directors                                             Board of Commissioners




               Divisi dan Departemen                                                Komite Pendukung
                Division and Department                                             Supporting Committee
 Divisi / Division             Departemen / Department
 • Perkebunan dan Agronomi     • Unit Audit Internal               Komite Pendukung / Supporting Committee
 • Logistik dan Teknik         • Keuangan Perusahaan dan           • Komite Audit
 • Keberlanjutan                 Strategi                          • Komite Nominasi dan Remunerasi
 • Keuangan, Akuntansi,        • Sumber Daya Manusia               • Komite Manajemen Risiko, GCG, dan Investasi
   dan Pajak                   • Kepala Kantor dan Divisi          • Komite Keberlanjutan Usaha dan Tanggung Jawab Perusahaan
 • Pemasaran dan Komersial       Transformasi                      • Audit Committee
 • Plantation and Agronomy     • Sekretaris Perusahaan dan Legal   • Nomination and Remuneration Committee
 • Logistics and Engineering   • Internal Audit Unit               • Risk Management, GCG, and Investment Committee
 • Sustainability              • Corporate Finance and Strategy    • Sustainability and Corporate Social Responsibility Committee
 • Finance, Accounting,        • Human Resources
   and Tax                     • Head of Office and
 • Marketing and Commercial      Transformation Division
                               • Corporate Secretary and Legal




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RAPAT UMUM PEMEGANG SAHAM
  General Meeting of Shareholders


Rapat Umum Pemegang Saham (RUPS) merupakan                     The General Meeting of Shareholders (GMS) is a
wadah bagi Pemegang Saham untuk menggunakan                    forum for Shareholders to exercise their rights and
hak dan wewenangnya dalam mengambil                            authorities to make any decision related to the
keputusan terkait Perseroan. Wewenang RUPS tidak               Company. GMS authority cannot be delegated to
dapat diwakilkan kepada Dewan Komisaris atau                   Board of Commissioners and Board of Directors, as
Direksi, sebagaimana diatur dalam Anggaran Dasar               stated in Articles and Association and applicable laws
dan peraturan perundang-undangan yang berlaku.                 and regulations.

Pelaksanaan RUPS terbagi menjadi 2 jenis, yakni                There are 2 types of GMS implementations, namely
RUPS Tahunan dan RUPS Luar Biasa. RUPS Tahunan                 Annual GMS and Extraordinary GMS. The Annual GMS
dilaksanakan minimal 6 bulan setelah tahun buku                must be held no later than 6 months following the
berakhir, sedangkan RUPS Luar Biasa diadakan                   end of the financial year, while Extraordinary GMS can
secara inisidental sesuai dengan kebutuhan dan                 be held at any time based on the needs and interests
kepentingan organ utama Perseroan.                             of the Company’s main organs.



Pelaksanaan RUPS Tahun 2024                                    Implementation of the 2024 GMS

Pada tahun 2024, Perseroan telah menyelenggarakan              In 2024, the Company held its Annual GMS on
RUPS Tahunan pada tanggal 25 April 2024 dan                    25 April 2024 and an Extraordinary GMS on
RUPS Luar Biasa pada tanggal 13 Desember 2024.                 13 December 2024. The Company also announced
Perseroan juga telah menyampaikan pengumuman                   the implementation of the General Meetings through
pelaksanaan RUPS melalui situs web, Bursa Efek                 its website, the Indonesia Stock Exchange, and the
Indonesia, dan Kustodian Sentral Efek Indonesia.               Indonesian Central Securities Depository.


Kehadiran
Attendance

                     RUPS Tahunan                                                    RUPS Luar Biasa
                      25 April 2024                                                 13 Desember 2024
                      Annual GMS                                                    Extraordinary GMS
                      25 April 2024                                                 13 December 2024

                                  Dewan Komisaris / Board of Commissioners
Komisaris Utama                                                Komisaris Utama
                           : Indracahya Basuki                                                : Indracahya Basuki
President Commissioner                                         President Commissioner
Komisaris                                                      Komisaris Independen
                           : Widiyanti Putri                                                  : Iwa Kartiwa Hudaya
Commissioner                                                   Independent Commissioner
Komisaris Independen
                           : Iwa Kartiwa Hudaya
Independent Commissioner

                                               Direksi / Board of Directors
Direktur Utama                                                 Direktur Utama
                           : Wishnu Wardhana                                                  : Wishnu Wardhana
President Director                                             President Director
Direktur                                                       Direktur
                           : Mahirudin                                                        : Mahirudin
Director                                                       Director
Direktur                                                       Direktur
                           : Noor Falich                                                      : Noor Falich
Director                                                       Director




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                                                                            Tata Kelola Perusahaan / Corporate Governance




                         RUPS Tahunan                                                  RUPS Luar Biasa
                          25 April 2024                                               13 Desember 2024
                          Annual GMS                                                  Extraordinary GMS
                          25 April 2024                                               13 December 2024

Direktur                                                          Direktur
                               : Yayan Handian Ginanjar                                            : Yayan Handian Ginanjar
Director                                                          Director
Direktur                                                          Direktur
                               : Imam Syaifullah                                                   : Imam Syaifullah
Director                                                          Director
Direktur
                               : Santos Ibrahim Noor
Director

                                            Pemegang Saham / Shareholders
Pemegang Saham sebanyak 12.148.783.900 saham atau                 Pemegang Saham sebanyak 12.070.926.000 saham atau
sebesar 93,84% dari 12.946.530.200 saham dengan hak suara         sebesar 93,24% dari 12.946.530.200 saham dengan hak
yang sah yang telah dikeluarkan oleh Perseroan.                   suara yang sah yang telah dikeluarkan oleh Perseroan.
12,148,783,900 shareholders or 93.84% of 12,946,530,200 shares    12,070,926,000 shareholders or 93.24% of 12,946,530,200
with valid voting rights issued by the Company.                   shares with valid voting rights issued by the Company.

                                          Pihak Independen / Independent Party
Notaris                                                           Notaris
                               : Jose Dima Satria, SH, MKn                                         : Jose Dima Satria, SH, MKn
Notary                                                            Notary
Biro Administrasi Efek                                            Biro Administrasi Efek
                               : PT Datindo Entrycom                                               : PT Datindo Entrycom
Share Registrar                                                   Share Registrar
Akuntan Publik
                               : Purwantono, Sungkoro & Surja
Public Accounting



Mata Acara
Agenda

                                                       RUPS Tahunan
                                                        25 April 2024
                                                        Annual GMS
                                                        25 April 2024

1. Persetujuan atas Laporan Tahunan untuk tahun                  1. Approval of the Annual Report for the 2023 financial year
   buku 2023, dan Pengesahan Laporan Keuangan                       and Ratification of the Consolidated Financial Statements
   Konsolidasian (audited), untuk tahun buku yang berakhir          (audited), for the financial year ended 31 December 2023,
   pada tanggal 31 Desember 2023, serta pemberian                   as well as granting full release and discharge of
   pelunasan     dan   pembebasan       tanggung    jawab           responsibility (volledig acquit et de charge) to all
   sepenuhnya (volledig acquit et de charge) kepada                 members of the Company’s Board of Commissioners and
   seluruh anggota Dewan Komisaris dan Direksi Perseroan,           Board of Directors for their supervisory and management
   atas tindakan pengawasan dan pengurusan yang telah               duties that were carried out during the 2023 financial year,
   dijalankan selama tahun buku 2023, sepanjang tindakan            provided that such duties were reflected in the Company’s
   tersebut tercermin dalam Laporan Keuangan Perseroan              2023 Financial Statements.
   tahun 2023.
2. Penetapan     penggunaan      laba   bersih  Perseroan        2. Determination of the Company’s net profit utilization for
   untuk tahun buku yang berakhir pada tanggal                      the financial year ended 31 December 2023.
   31 Desember 2023.
3. Penunjukan serta penetapan akuntan publik dan/atau            3. Appointment and determination of a public accountant
   kantor akuntan publik untuk melakukan audit Laporan              and/or public accounting firm to audit the Company’s
   Keuangan Perseroan untuk tahun buku yang berakhir di             Financial Statements for the financial year ended
   tanggal 31 Desember 2024.                                        31 December 2024.
4. Persetujuan      perubahan        susunan     anggota         4. Approval of changes in the composition of members
   Dewan Komisaris dan/atau Direksi Perseroan.                      of the Company’s Board of Commissioners and/or the
                                                                    Board of Directors.
5. Penetapan remunerasi bagi anggota Dewan Komisaris             5. Determination of remuneration for members of the Board
   dan Direksi untuk tahun 2024.                                    of Board of Commissioners and the Board of Directors
                                                                    in 2024.
6. Laporan realisasi penggunaan dana hasil Penawaran             6. Submission of report on the realization of funds generated
   Umum Perdana.                                                    from the Initial Public Offering.

                                                     RUPS Luar Biasa
                                                    13 Desember 2024
                                                    Extraordinary GMS
                                                    13 December 2024

Persetujuan perubahan susunan anggota Dewan Komisaris Perseroan.
Approval of changes to the composition of the Company’s Board of Commissioners.




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Hasil Keputusan RUPS Tahunan 25 April 2024
Resolutions of Annual GMS on 25 April 2024

                                                                                      Persetujuan
                                  Keputusan                                         Pemegang Saham             Realisasi
                                  Resolution                                          Shareholder             Realization
                                                                                       Approval

Mata Acara 1 / Agenda 1
Mengesahkan dan menerima, baik Laporan Tahunan untuk tahun buku                     Disetujui oleh 99,58%        Telah
2023 dan mengesahkan Laporan Keuangan Konsolidasian (audited), untuk                 Pemegang Saham          direalisasikan
tahun buku yang berakhir pada tanggal 31 Desember 2023 yang telah                        yang hadir.         sepenuhnya.
diaudit oleh Kantor Akuntan Publik Purwantono, Sungkoro & Surja (EY) dan
dengan demikian memberikan pelunasan dan pembebasan tanggung
jawab sepenuhnya (volledig acquit et de charge) kepada seluruh anggota
Dewan Komisaris dan Direksi Perseroan atas tindakan pengurusan dan
pengawasan yang telah dijalankan selama tahun buku 2023, sepanjang
tindakan tersebut tercermin dalam Laporan Keuangan Perseroan tahun
buku 2023.
Approved and accepted, both the Annual Report for the 2023 financial                Approved by 99.58%           Fully
year and ratified the Consolidated Financial Statements (audited), for the          of Shareholders who      implemented.
financial year ended 31 December 2023 as audited by Public Accounting                    attended.
Firm Purwantono, Sungkoro & Surja (EY) and thereby granted full release and
discharge of responsibility (volledig acquit et de charge) to all members
of the Company’s Board of Commissioners and Board of Directors for their
supervisory and management duties that were carried out during the 2023
financial year, provided that such duties were reflected in the Company’s
2023 Financial Statements.

Mata Acara 2 / Agenda 2
Menetapkan penggunaan laba bersih Perseroan untuk tahun buku 2023                   Disetujui oleh 99,58%          Telah
sebesar Rp451.793.733.560,- dengan perincian sebagai berikut.                        Pemegang Saham           direalisasikan
1. Sebesar Rp1.000.000.000,- disisihkan sebagai dana cadangan guna                       yang hadir.           sepenuhnya.
   memenuhi ketentuan Pasal 25 ayat (3) Anggaran Dasar Perseroan dan                                           Pembayaran
   Pasal 70 Undang-Undang Perseroan Terbatas.                                                                  dividen tunai
2. Sebesar Rp158.077.133.742,- dibagikan sebagai dividen kepada para                                              kepada
   Pemegang Saham.                                                                                          Pemegang Saham
3. Sisanya sebesar Rp292.716.599.818,- dimasukkan sebagai laba ditahan.                                       dilaksanakan
                                                                                                               pada tanggal
                                                                                                                21 Mei 2024.
Determined the Company’s net profit utilization for the 2023 financial year of      Approved by 99.58%              Fully
Rp451,793,733,560 with the following details.                                       of Shareholders who       implemented.
1. An amount of Rp1,000,000,000 was appropriated as a reserve fund to                    attended.           Payment of cash
   comply with the provisions of Article 25 paragraph (3) of the Company’s                                     dividends to
   Articles of Association and Article 70 of Limited Liability Company Law.                                 Shareholders was
2. An amount of Rp158,077,133,742 was distributed as dividends to Shareholders.                               carried out on
3. The remaining Rp292,716,599,818 was included as retained earnings.                                          21 May 2024.

Mata Acara 3 / Agenda 3
Merujuk pada Pasal 59 Peraturan Otoritas Jasa Keuangan No. 15, dengan               Disetujui oleh 99,58%        Telah
ini memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan                   Pemegang Saham          direalisasikan
untuk menunjuk akuntan publik dan/atau kantor akuntan publik yang                        yang hadir.         sepenuhnya.
memiliki pengalaman, kredibilitas yang baik dan terdaftar di Otoritas Jasa
Keuangan untuk melakukan audit atas Laporan Keuangan Perseroan untuk
tahun buku yang akan berakhir tanggal 31 Desember 2024, serta untuk
menetapkan jumlah honorarium dan persyaratan lain sehubungan dengan
penunjukan akuntan publik dan/atau kantor akuntan publik tersebut dengan
memperhatikan rekomendasi dan usulan dari Direksi dan Komite Audit
Perseroan.
Referring to Article 59 of Financial Services Authority Regulation No. 15, hereby   Approved by 99.58%           Fully
granted power and authority to the Company’s Board of Commissioners to              of Shareholders who      implemented.
appoint a public accountant and/or public accounting firm with experience,               attended.
good credibility, and registered with the Financial Services Authority to
audit the Company’s Financial Statements for the financial year ended
31 December 2024, as well as to determine the amount of honorarium and other
requirements relevant with the appointment of the public accountant and/or
public accounting firm by considering the recommendations and proposals
from the Company’s Board of Directors and Audit Committee.




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                                                                                  Persetujuan
                                Keputusan                                       Pemegang Saham            Realisasi
                                Resolution                                        Shareholder            Realization
                                                                                   Approval

Mata Acara 4 / Agenda 4
1. Menyetujui pemberian ratifikasi atas setiap tindakan Dewan Komisaris         Disetujui oleh 99,58%       Telah
   dan Direksi dan memberikan pelunasan dan pembebasan tanggung                  Pemegang Saham         direalisasikan
   jawab kepada setiap anggota Dewan Komisaris dan Direksi sepanjang                 yang hadir.        sepenuhnya.
   tindakan-tindakan tersebut bukan merupakan pelanggaran terhadap
   peraturan perundang-undangan dan tercermin jelas dalam Laporan
   Tahunan dan Laporan Keuangan Konsolidasian Perseroan.
2. Menyetujui pengangkatan kembali seluruh anggota Dewan Komisaris
   dan Direksi efektif setelah ditutupnya Rapat ini, sampai dengan
   ditutupnya RUPS Tahunan Perseroan tahun 2027. Dan oleh karenanya,
   dengan pengangkatan kembali anggota Dewan Komisaris dan Direksi
   tersebut, maka susunan anggota Dewan Komisaris dan Direksi Perseroan
   sejak ditutupnya Rapat ini menjadi sebagai berikut.
   Dewan Komisaris
   Komisaris Utama               : Indracahya Basuki
   Komisaris                     : Widiyanti Putri
   Komisaris Independen          : Iwa Kartiwa Hudaya
   Direksi
   Direktur Utama                : Wishnu Wardhana
   Direktur                      : Noor Falich
   Direktur                      : Yayan Handian Ginanjar
   Direktur                      : Imam Syaifullah
   Direktur                      : Mahirudin
   Direktur                      : Santos Ibrahim Noor
3. Memberikan kuasa kepada Direksi baik secara sendiri-sendiri atau
   bersama-sama, dengan hak untuk memindahkan kekuasaan ini
   kepada pihak lain untuk hadir di hadapan notaris untuk menyatakan
   keputusan ini ke dalam bentuk akta dan meminta persetujuan,
   melakukan pemberitahuan kepada pihak yang berwenang, membuat,
   dan menandatangani segala surat yang diperlukan serta dianggap perlu
   dan berguna untuk menyelesaikan hal-hal tersebut, tidak ada tindakan
   yang dikecualikan.
1. Approved to ratify every duty of the Board of Commissioners and              Approved by 99.58%          Fully
   Board of Directors and granted release and discharge of responsibility       of Shareholders who     implemented.
   to every member of the Board of Commissioners and Board of Directors              attended.
   provided that such duties do not violate any laws and regulations and
   are clearly reflected in the Company’s Annual Report and Consolidated
   Financial Statements.
2. Approved the reappointment of all members of the Board of Commissioners
   and Board of Directors effective as of the closing of this Meeting, until
   the closing of the Company’s Annual GMS in 2027. And therefore, with
   reappointment of members of the Board of Commissioners and Board
   of Directors, the composition of members of the Company’s Board of
   Commissioners and Board of Directors as of closing of this Meeting is as
   follows.
   Board of Commissioners
   President Commissioner        : Indracahya Basuki
   Commissioner                  : Widiyanti Putri
   Independent Commissioner      : Iwa Kartiwa Hudaya
   Board of Directors
   President Director            : Wishnu Wardhana
   Director                      : Noor Falich
   Director                      : Yayan Handian Gina njar
   Director                      : Imam Syaifullah
   Director                      : Mahirudin
   Director                      : Santos Ibrahim Noor
3. Granted power to Board of Directors either individually or collectively,
   with the right to transfer this power to another party to appear before a
   notary and state these resolutions into a deed and seek approval, notify
   the authorized party, to make and sign all letters required and deemed
   necessary and useful to complete these issues, without exemption of
   any action.




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                                                                                   Persetujuan
                                Keputusan                                        Pemegang Saham            Realisasi
                                Resolution                                         Shareholder            Realization
                                                                                    Approval

Mata Acara 5 / Agenda 5
Menyerahkan wewenang penetapan besar dan jenis remunerasi dan                    Disetujui oleh 99,58%       Telah
fasilitas lain bagi anggota Dewan Komisaris dan Direksi Perseroan kepada          Pemegang Saham         direalisasikan
Dewan Komisaris satu dan lain hal dengan memperhatikan masukan dari                   yang hadir.        sepenuhnya.
Komite Nominasi dan Remunerasi.
Granted the authority to determine the amount and type of                        Approved by 99.58%          Fully
remuneration and other facilities for members of the Company’s Board             of Shareholders who     implemented.
of Commissioners and Board of Directors to the Board of Commissioners                 attended.
for one reason or another by considering inputs from the Nomination and
Remuneration Committee.

Mata Acara 6 / Agenda 6
Agenda ini bersifat laporan dan karenanya tidak mengambil keputusan.                      -                    -
This agenda serves as a report and, as such, does not involve decision-making.


Hasil Keputusan RUPS Luar Biasa 13 Desember 2024
Resolutions of Extraordinary GMS on 13 December 2024

                                                                                   Persetujuan
                                Keputusan                                        Pemegang Saham            Realisasi
                                Resolution                                         Shareholder            Realization
                                                                                    Approval

Mata Acara 1 / Agenda 1
1. Dengan mengesampingkan ketentuan penyampaian pengunduran diri                  Disetujui oleh 100%        Telah
   paling lambat 90 hari sebelum efektifnya pengunduran diri anggota              Pemegang Saham         direalisasikan
   Dewan Komisaris sebagaimana diatur dalam dan Pasal 21 ayat (8)                     yang hadir.        sepenuhnya.
   Anggaran Dasar Perseroan, menyetujui dan menerima dengan baik
   pengunduran diri Ibu Widiyanti Putri dari jabatannya selaku Komisaris
   Perseroan terhitung sejak tanggal surat pengunduran dirinya disertai
   dengan ucapan terima kasih dan memberikan penghargaan
   setinggi-tingginya atas pengabdian dan jasa-jasanya kepada Perseroan
   selama masa baktinya serta memberikan pembebasan dan pelunasan
   tanggung jawab sepenuhnya (acquit et de charge) atas tindakan
   pengawasan yang telah dilakukan, selama tindakan tersebut sesuai dan
   tidak menyimpang dari Anggaran Dasar Perseroan dan tercermin dalam
   Laporan Keuangan Perseroan.
2. Susunan anggota Direksi dan Dewan Komisaris terhitung sejak ditutupnya
   Rapat ini hingga ditutupnya Rapat Umum Pemegang Saham Tahunan
   Perseroan yang akan diadakan pada tahun 2027 sebagai berikut.
   Dewan Komisaris
   Komisaris Utama               : Indracahya Basuki
   Komisaris Independen          : Iwa Kartiwa Hudaya
   Direksi
   Direktur Utama              : Wishnu Wardhana
   Direktur                    : Mahirudin
   Direktur                    : Yayan Handian Ginanjar
   Direktur                    : Imam Syaifullah
   Direktur                    : Noor Falich
   Direktur                    : Santos Ibrahim Noor
3. Memutuskan memberikan kuasa dan kewenangan kepada Direksi
   Perseroan secara bersama-sama maupun sendiri-sendiri, dengan
   hak substitusi, untuk menghadap pada Notaris dan untuk menyatakan
   kembali seluruh atau sebagian dari Keputusan yang diambil dalam mata
   acara ini, dan untuk membuat, menandatangani dan menyampaikan
   semua dokumen terkait dan permohonan untuk memberitahukan dan
   mendaftarkan perubahan susunan Pengurus Perseroan tersebut kepada
   Menteri Hukum Republik Indonesia dan Otoritas yang berwenang, serta
   mengambil segala sesuatu tindakan pada umumnya yang diperlukan
   untuk melaksanakan tujuan tersebut di atas.




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                                                                                        Persetujuan
                                  Keputusan                                           Pemegang Saham            Realisasi
                                  Resolution                                            Shareholder            Realization
                                                                                         Approval

1. By disregarding the provision requiring the submission of a resignation             Approved by 100%           Fully
   notice no later than 90 days prior to the effective date of the resignation        of Shareholders who     implemented.
   as a member of the Board of Commissioners, as stipulated in Article 21                  attended.
   paragraph (8) of the Company’s Articles of Association, the resignation
   of Ms. Widiyanti Putri from her position as Commissioner of the Company
   is hereby approved and graciously accepted, effective from the date of
   her resignation letter. The Company extends its gratitude and highest
   appreciation for her dedication and contributions to the Company during
   her tenure. Furthermore, full release and discharge of responsibility (acquit
   et de charge) is granted for the supervisory actions she has undertaken,
   provided that such actions are in accordance with and do not deviate
   from the Company’s Articles of Association and are reflected in the
   Company’s Financial Statements.
2. The composition of the Board of Directors and the Board of Commissioners,
   effective from the conclusion of this Meeting until the conclusion of the
   Company’s Annual General Meeting of Shareholders to be held in 2027,
   is as follows:
   Board of Commissioners
   President Commissioner   : Indracahya Basuki
   Independent Commissioner : Iwa Kartiwa Hudaya
   Board of Directors
   President Director              : Wishnu Wardhana
   Director                        : Mahirudin
   Director                        : Yayan Handian Ginanjar
   Director                        : Imam Syaifullah
   Director                        : Noor Falich
   Director                        : Santos Ibrahim Noor
3. It is resolved to grant power and authority to the Company’s Board of
   Directors, either collectively or individually, with the right of substitution,
   to appear before a Notary to restate all or part of the resolutions adopted
   in this agenda, and to draft, sign, and submit all relevant documents
   and applications to notify and register the changes in the composition
   of the Company’s Management with the Ministry of Law of the Republic
   of Indonesia and other authorized bodies, as well as to undertake any
   actions necessary to fulfill the purposes stated above.




Keputusan dan Realisasi Atas                                        Resolutions and Realization of
Keputusan RUPS Tahun 2023                                           the 2023 GMS Resolutions

Berikut keputusan dan realisasi dari masing-masing                  Following are the resolutions and realizations of each
mata acara RUPS Tahunan 2023.                                       agenda of the 2023 Annual GMS.


                                                                                        Persetujuan
                                  Keputusan                                           Pemegang Saham            Realisasi
                                  Resolution                                            Shareholder            Realization
                                                                                         Approval

Mata Acara 1 / Agenda 1
Mengesahkan Laporan Tahunan tahun buku 2022 dan mengesahkan Laporan                   Disetujui oleh 99,60%       Telah
Keuangan Konsolidasian (audited) untuk tahun buku yang berakhir pada                   Pemegang Saham         direalisasikan
tanggal 31 Desember 2022 yang telah diaudit oleh Kantor Akuntan Publik                     yang hadir.        sepenuhnya.
Purwantono, Sungkoro & Surja dan dengan demikian memberikan pelunasan
dan pembebasan tanggung jawab sepenuhnya (volledig acquit et de
charge) kepada seluruh anggota Dewan Komisaris dan Direksi Perseroan
atas tindakan pengawasan dan pengurusan yang telah dijalankan selama
tahun buku 2022, sepanjang tindakan tersebut tercermin dalam Laporan
Keuangan Perseroan tahun 2022.
Approved the Annual Report for the 2022 financial year and Ratified the               Approved by 99.60%          Fully
Consolidated Financial Statements (audited) for the financial year ended              of Shareholders who     implemented.
31 December 2022 as audited by Public Accounting Firm Purwantono,                          attended.
Sungkoro & Surja, and thereby granted full release and discharge of




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                                                                                       Persetujuan
                                  Keputusan                                          Pemegang Saham            Realisasi
                                  Resolution                                           Shareholder            Realization
                                                                                        Approval

responsibility (volledig acquit et de charge) to all members of the Company’s
Board of Commissioners and Board of Directors for their supervisory and
management duties that were carried out during the 2022 financial year,
provided that such duties were reflected in the Company’s 2022 Financial
Statements.

Mata Acara 2 / Agenda 2
Menetapkan penggunaan laba bersih Perseroan untuk tahun buku 2022                   Disetujui oleh 99,60%          Telah
sebesar Rp573.979.161.472,- dengan perincian sebagai berikut.                        Pemegang Saham           direalisasikan
1. Sebesar Rp1.000.000.000,- disisihkan sebagai dana cadangan guna                       yang hadir.           sepenuhnya.
   memenuhi ketentuan Pasal 25 ayat (3) Anggaran Dasar Perseroan dan                                           Pembayaran
   Pasal 70 Undang-Undang Perseroan Terbatas.                                                                  dividen tunai
2. Sebesar Rp175.037.088.304,- dibagikan sebagai dividen kepada para                                              kepada
   Pemegang Saham.                                                                                          Pemegang Saham
3. Sisanya sebesar Rp397.942.073.168,- dimasukkan sebagai laba ditahan.                                       dilaksanakan
                                                                                                               pada tanggal
                                                                                                                30 Mei 2023.
Determined the Company’s net profit utilization for the 2022 financial year of      Approved by 99.60% of          Fully
Rp573,979,161,472 with the following details.                                         Shareholders who        implemented.
1. An amount of Rp1,000,000,000 was appropriated as a reserve fund to                    attended.           Payment of cash
   comply with the provisions of Article 25 paragraph (3) of the Company’s                                     dividends to
   Articles of Association and Article 70 of the Limited Liability Company Law.                             Shareholders was
2. An amount of Rp175,037,088,304 was distributed as dividends to                                             carried out on
   Shareholders.                                                                                               30 May 2023.
3. The remaining Rp397,942,073,168 was included as retained earnings.

Mata Acara 3 / Agenda 3
Merujuk pada Pasal 59 Peraturan Otoritas Jasa Keuangan No. 15, dengan ini           Disetujui oleh 99,60%        Telah
memberikan kuasa dan wewenang kepada Dewan Komisaris Perseroan untuk                 Pemegang Saham          direalisasikan
menunjuk akuntan publik dan/atau kantor akuntan publik yang memiliki                     yang hadir.         sepenuhnya.
pengalaman, kredibilitas yang baik, terdaftar di Otoritas Jasa Keuangan untuk
melakukan audit atas Laporan Keuangan Perseroan untuk tahun buku yang
akan berakhir tanggal 31 Desember 2023, serta untuk menetapkan jumlah
honorarium dan persyaratan lain sehubungan dengan penunjukan akuntan
publik dan/atau kantor akuntan publik tersebut dengan memperhatikan
rekomendasi dan usulan dari Direksi dan Komite Audit Perseroan.
Referring to Article 59 of Financial Services Authority Regulation No. 15, hereby    Approved by 99.60%          Fully
granted power and authority to the Company’s Board of Commissioners to               of Shareholders who     implemented.
appoint a public accountant and/or public accounting firm with experience,                attended.
good credibility, and registered with the Financial Services Authority to
audit the Company’s Financial Statements for the financial year ended
31 December 2023, as well as to determine the amount of honorarium and
other requirements relevant with the appointment of the public accountant
and/or public accounting firm by considering the recommendations and
proposals from the Company’s Board of Directors and Audit Committee.

Mata Acara 4 / Agenda 4
Menyetujui pengangkatan Bapak Santos Ibrahim Noor sebagai Direktur                  Disetujui oleh 99,60%        Telah
Perseroan terhitung efektif sejak ditutupnya Rapat tanggal 3 Mei 2023.               Pemegang Saham          direalisasikan
                                                                                         yang hadir.         sepenuhnya.
Dan oleh karenanya, maka susunan anggota Dewan Komisaris dan Direksi
Perseroan sejak ditutupnya Rapat ini menjadi sebagai berikut.
Dewan Komisaris
Komisaris Utama                 : Indracahya Basuki
Komisaris                       : Widiyanti Putri
Komisaris Independen            : Iwa Kartiwa Hudaya
Direksi
Direktur Utama                  : Wishnu Wardhana
Direktur                        : Imam Syaifullah
Direktur                        : Mahirudin
Direktur                        : Noor Falich
Direktur                        : Yayan Handian Ginanjar
Direktur                        : Santos Ibrahim Noor
Meratifikasi segala tindakan Dewan Komisaris dan Direksi Perseroan,
sehubungan dengan tugas pengurusan dan pengawasan terhadap
Perseroan     sejak   tanggal  pengangkatannya   sampai    dengan
ditutupnya Rapat.




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                                                                                    Persetujuan
                                Keputusan                                         Pemegang Saham            Realisasi
                                Resolution                                          Shareholder            Realization
                                                                                     Approval
Approved the appointment of Mr. Santos Ibrahim Noor as the Company’s              Approved by 99.60%          Fully
Director effective as of the closing of the Meeting on 3 May 2023.                of Shareholders who     implemented.
                                                                                       attended.
And therefore, the compositions of members of the Company’s Board of
Commissioners and Board of Directors as of the closing of this Meeting is as
follows.
Board of Commissioners
President Commissioner        : Indracahya Basuki
Commissioner                  : Widiyanti Putri
Independent Commissioner      : Iwa Kartiwa Hudaya
Board of Directors
President Director            : Wishnu Wardhana
Director                      : Imam Syaifullah
Director                      : Mahirudin
Director                      : Noor Falich
Director                      : Yayan Handian Ginanjar
Director                      : Santos Ibrahim Noor
Ratified all actions conducted by the Company’s Board of Commissioners
and Board of Directors in relation to management and supervisory duties of
the Company from the date of appointment until the closing of the meeting.

Mata Acara 5 / Agenda 5
Menyerahkan wewenang penetapan besar dan jenis remunerasi dan                     Disetujui oleh 99,60%       Telah
fasilitas lain bagi anggota Dewan Komisaris dan Direksi Perseroan kepada           Pemegang Saham         direalisasikan
Dewan Komisaris satu dan lain hal dengan memperhatikan masukan dari                    yang hadir.        sepenuhnya.
Komite Nominasi dan Remunerasi.
Granted the authority to determine the amount and type of remuneration and        Approved by 99.60%          Fully
other facilities for members of the Company’s Board of Commissioners and          of Shareholders who     implemented.
Board of Directors to the Board of Commissioners for one reason or another             attended.
by considering inputs from the Nomination and Remuneration Committee.

Mata Acara 6 / Agenda 6
Agenda ini bersifat laporan dan karenanya tidak mengambil keputusan.                       -                    -
This agenda serves as a report and, as such, does not involve decision-making.




DEWAN KOMISARIS
  Board of Commissioners


Dewan Komisaris merupakan organ Perseroan                        The Board of Commissioners is the Company organ
yang bertugas dan bertanggung jawab secara                       responsible collectively for overseeing and providing
kolektif untuk melakukan pengawasan dan                          advice and recommendations to the Board of
memberikan nasihat serta masukan kepada Direksi.                 Directors. The Board of Commissioners also ensures
Dewan Komisaris juga memastikan bahwa Perseroan                  that the Company applies GCG practices at all levels
menerapkan praktik GCG di seluruh tingkatan atau                 of the organization.
jenjang organisasi.




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Pedoman Kerja                                          Work Policy

Pedoman Tata Laksana Kerja Dewan Komisaris dan         The Board of Commissioners and Board of Directors
Direksi sebagai panduan bagi Dewan Komisaris           Charter as the work procedure policy for Board
dalam menjalankan tugas pengawasan secara              of Commissioners to professionally conduct its
profesional, telah diselaraskan dengan Peraturan       supervisory duty, has been aligned with Financial
Otoritas Jasa Keuangan No. 33/POJK.04/2014, Surat      Services Authority Regulation No. 33/POJK.04/2014,
Edaran Otoritas Jasa Keuangan No. 16/SEOJK.04/2021,    Financial    Services   Authority Circular   Letter
serta Anggaran Dasar. Pedoman ini terakhir             No. 16/SEOJK.04/2021, and Articles of Association.
diperbarui melalui Keputusan Bersama Dewan             The Charter was last updated through the Joint
Komisaris dan Direksi dan dapat ditinjau serta         Decree of the Board of Commissioners and Board
diperbarui secara berkala. Pedoman tersebut dapat      of Directors and can be reviewed and updated
diakses melalui situs web Perseroan.                   periodically. The Charter can be accessed through
                                                       the Company’s website.



Dasar Pengangkatan                                     Basis of Appointment
dan Masa Jabatan                                       and Term of Office

Pengangkatan      Dewan     Komisaris    ditetapkan    The Board of Commissioners appointment is ratified
melalui keputusan Pemegang Saham dalam RUPS            through Shareholders’ resolution in the Annual or
Tahunan atau RUPS Luar Biasa. Pada 25 April 2024,      Extraordinary GMS. On 25 April 2024, all members
seluruh anggota Dewan Komisaris diangkat               of the Board of Commissioners were reappointed
kembali melalui RUPS Tahunan, sesuai dengan Akta       through Annual GMS, as stated in Deed No. 105 made
No. 105 yang dibuat oleh Notaris Jose Dima, SH, MKn,   before Jose Dima, SH, MKn, Notary in South Jakarta.
di Jakarta Selatan.

Masa jabatan Dewan Komisaris ditetapkan selama         The term of office of Board of Commissioners is set for
3 tahun, serta berlaku sejak tanggal pengangkatan,     3 years, effective from the date of appointment,
sesuai dengan Anggaran Dasar dan Pedoman Tata          in line with Articles of Association and the Board
Laksana Kerja Dewan Komisaris dan Direksi. Namun,      of Commissioners and Board of Directors Work
anggota Dewan Komisaris dapat diberhentikan            Procedures Policy. However, members of the Board
sebelum masa jabatannya berakhir berdasarkan           of Commissioners can be dismissed prior to the end
hasil keputusan RUPS.                                  of their term of office based on GMS resolution.



Komposisi dan Independensi                             Composition and Independence

Komposisi                                              Composition
Berdasarkan     Anggaran      Dasar   Perseroan,       According to the Company’s Articles of Association,
Dewan Komisaris terdiri dari sekurang-kurangnya        the Board of Commissioners consists of at least
2 anggota, dengan salah satunya menjabat sebagai       two members, with one serving as the President
Komisaris Utama. Dewan Komisaris diangkat              Commissioner. The Board of Commissioners is
oleh RUPS berdasarkan rekomendasi dari Komite          appointed by the GMS based on recommendations
Nominasi dan Remunerasi Perseroan.                     from the Company’s Nomination and Remuneration
                                                       Committee.

Selama tahun 2024, telah terjadi perubahan             In 2024, there was a change in the composition
dalam komposisi anggota Dewan Komisaris yang           of the Board of Commissioners as decided in
diputuskan berdasarkan RUPS Luar Biasa Perseroan,      the Company’s Extraordinary General Meeting of
sesuai dengan Akta No. 116 yang dibuat oleh Notaris    Shareholders, based on Deed No. 116 drawn up
Jose Dima, SH, MKn, di Jakarta Selatan. Susunan        by Notary Jose Dima, SH, MKn, in South Jakarta.
Dewan Komisaris Perseroan tahun 2024 diungkapkan       The composition of the Company’s Board of
sebagai berikut.                                       Commissioners in 2024 is disclosed as follows.




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                                                              Pertama Kali              Masa Akhir
        Nama                       Jabatan                      Menjabat                 Jabatan                  Independensi
        Name                       Position                  Start of Term of          End of Term of            Independence
                                                                  Office                   Office

                         Komisaris Utama
 Indracahya Basuki                                                 2021                      2027
                         President Commissioner

                         Komisaris
 Widiyanti Putri*)                                                 2021                      2024
                         Commissioner

                         Komisaris Independen
 Iwa Kartiwa Hudaya                                                2021                      2027
                         Independent Commissioner

*) Mengundurkan diri pada tanggal 21 Oktober dan disahkan dalam RUPS Luar Biasa tanggal 13 Desember 2024. / Resigned on 21 October 2024
   and officially approved during the Extraordinary GMS on 13 December 2024.



Independensi                                                          Independence
Dewan    Komisaris   selalu  menjunjung   tinggi                      The Board of Commissioners always uphold
independensi    dalam       menjalankan   tugas                       independence in carrying out its supervisory duties
pengawasan Perseroan. Setiap keputusan yang                           for the Company. Every decision made is based
diambil didasarkan pada prinsip profesionalisme                       on professionalism and accountability principles,
dan akuntabilitas, demi kepentingan terbaik                           for the best interests of the Company and all of the
Perseroan serta seluruh pemangku kepentingan,                         stakeholders, in line with the GCG policy.
sesuai dengan pedoman GCG.



Komisaris Independen                                                  Independent Commissioner

Komisaris Independen merupakan pihak eksternal                        An Independent Commissioner is an external
yang     bertugas    mengutamakan      objektivitas                   party responsible for prioritizing objectivity and
dan menghindari benturan kepentingan. Pada                            avoiding conflicts of interest. In 2024, the position
tahun 2024, posisi Komisaris Independen yang                          of Independent Commissioner, held by Mr. Iwa
dijabat oleh Bapak Iwa Kartiwa Hudaya tidak                           Kartiwa Hudaya, remained unchanged. Until
mengalami perubahan. Hingga pelaksanaan                               the Extraordinary General Meeting of Shareholders
RUPS Luar Biasa pada 13 Desember 2024,                                on 13 December 2024, the Board of Commissioners
Dewan Komisaris terdiri dari 3 anggota, di mana                       consisted of 3 members, with one serving as an
satu di antaranya adalah Komisaris Independen,                        Independent Commissioner, making the proportion
sehingga proporsinya mencapai 33,33%. Setelah                         33.33%. Following the Extraordinary GMS held on
RUPS Luar Biasa 13 Desember 2024 dilaksanakan,                        13 December 2024, the Board of Commissioners
komposisi Dewan Komisaris berubah menjadi                             consists of 2 members, which automatically increased
2 orang, yang secara otomatis meningkatkan                            the proportion of Independent Commissioners
proporsi Komisaris Independen menjadi 50%. Jumlah                     to 50%. This is in line and meet the minimum 30%
ini sesuai dan memenuhi ketentuan minimum                             requirement, as stipulated by Financial Services
30% yang diatur dalam Peraturan Otoritas Jasa                         Authority Regulation No. 33/POJK.04/2014 concerning
Keuangan No. 33/POJK.04/2014 tentang Direksi dan                      the Board of Directors and Boards of Commissioners
Dewan Komisaris Emiten atau Perusahaan Publik.                        of Issuers or Public Companies.

Kriteria Komisaris Independen                                         Criteria for Independent Commissioner
Bapak Iwa Kartiwa Hudaya juga telah memenuhi                          Mr. Iwa Kartiwa Hudaya has also met the criteria as
kriteria    sebagai    Komisaris     Independen,                      an Independent Commissioner, as follows.
sebagai berikut.
1. Bukan merupakan orang yang bekerja atau                            1.   Did not work or held the authority and responsibility
    mempunyai      wewenang      dan    tanggung                           to plan, lead, control, or supervise the Company’s
    jawab    untuk   merencanakan,     memimpin,                           activities within the last 6 months, except for
    mengendalikan, atau mengawasi kegiatan                                 reappointment as Independent Commissioner in
    Perseroan dalam waktu 6 bulan terakhir, kecuali                        the following period.
    untuk pengangkatan kembali sebagai Komisaris
    Independen pada periode berikutnya.




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2. Tidak mempunyai saham, baik langsung maupun         2. Did not have shares, either directly or indirectly in
   tidak langsung pada Perseroan.                         the Company.
3. Tidak mempunyai hubungan afiliasi dengan            3. Had no affiliation with the Company, whether
   Perseroan, baik anggota Dewan Komisaris,               as a member of the Board of Commissioners,
   anggota      Direksi,   Pemegang       Saham           member of the Board of Directors, Main/Majority
   Utama/Saham Mayoritas, atau Pemegang                   Shareholder, or Controlling Shareholder of the
   Saham Pengendali Perseroan.                            Company.
4. Tidak mempunyai hubungan usaha, baik                4. Did not have any business relationships, either
   langsung maupun tidak langsung, yang berkaitan         directly or indirectly, related to the Company’s
   dengan kegiatan usaha Perseroan.                       business activities.

Pernyataan Independensi                                Independent Commissioner’s
Komisaris Independen                                   Statement of Independence
Komisaris Independen yang telah menjabat               Independent Commissioners who have served
2 periode berturut-turut bisa diangkat kembali untuk   in 2 consecutive terms may be reappointed for
periode berikutnya. Namun, jika menjabat lebih dari    the following period. However, an Independence
2 periode, diperlukan Pernyataan Independensi. Saat    Statement is required for anyone serving more than
ini, Perseroan tidak memiliki Komisaris Independen     2 terms. Currently, the Company has no Independent
yang menjabat lebih dari 2 periode berturut-turut.     Commissioners who have served more than
                                                       2 consecutive terms.



Tugas dan Tanggung Jawab                               Duties and Responsibilities

Tugas dan tanggung jawab Dewan Komisaris               The Duties and responsibilities of the Board of
dijelaskan sebagai berikut.                            Commissioners are as explained below.
1. Melakukan pengawasan untuk kepentingan              1. Supervising in the interests of the Company
    Perseroan terhadap tindakan pengurusan yang           on management carried out by the Board of
    dilakukan Direksi, baik mengenai Perseroan            Directors, both regarding the Company and the
    maupun terhadap kegiatan usaha Perseroan,             Company’s business activities, including tasks
    termasuk tugas-tugas yang secara khusus               specifically assigned to them following the
    diberikan kepadanya sesuai dengan keputusan           resolutions of the GMS, resolutions of the Board
    RUPS, keputusan Dewan Komisaris dan/atau              of Commissioners and/or applicable laws and
    peraturan perundang-undangan yang berlaku.            regulations.
2. Meneliti, menelaah, dan menyetujui Laporan          2. Examining, analyzing, and approving the Annual
    Tahunan yang disiapkan oleh Direksi, dan              Report prepared by the Board of Directors, and
    memastikan bahwa dalam Laporan Tahunan                ensuring that the Company’s Annual Report
    Perseroan telah memuat informasi mengenai             contains information regarding the identity,
    identitas, pekerjaan, tanggung jawab utama            job, main responsibilities, and positions of
    serta jabatan anggota Dewan Komisaris yang            the member of the Board of Commissioners
    bersangkutan di perusahaan-perusahaan lain            concerned in other companies (if any), including
    (bila ada), termasuk rapat-rapat yang telah           meetings held by the Board of Commissioners in
    dilakukan Dewan Komisaris dalam satu tahun            one financial year (both meetings of the Board of
    buku (baik rapat Dewan Komisaris maupun rapat         Commissioners and joint meetings of the Board
    gabungan Dewan Komisaris dengan Direksi),             of Commissioners with the Board of Directors),
    serta honorarium, fasilitas, dan/atau tunjangan       as well as honorarium, facilities and/or other
    lain yang diterima oleh anggota Dewan Komisaris       allowances received by members of the Board of
    dari Perseroan.                                       Commissioners from the Company.
3. Mengkaji, menelaah, memberikan saran, dan           3. Reviewing, analyzing, providing advice, and
    persetujuan atas usulan Rencana Jangka                approving the proposed Long-Term Plan (RJP)
    Panjang (RJP) dan Strategic Business Plan (SBP)       and Strategic Business Plan (SBP) of the Company
    Perseroan yang disampaikan oleh Direksi paling        submitted by the Board of Directors no later than
    lambat 30 hari sebelum periode 5 tahun periode        30 days before the start of the next 5-year period.
    berikutnya dimulai.




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4. Mengkaji, menelaah, memberikan saran, dan          4. Reviewing, analyzing, providing advice, and
   persetujuan atas usulan Rencana Kerja dan             approving the proposed Company Work Plan
   Anggaran Perusahaan (RKAP) atau Annual                and Budget (RKAP) or Annual Business Plan (ABP)
   Business Plan (ABP) Perseroan yang disampaikan        submitted by the Board of Directors no later than
   oleh Direksi paling lambat 30 hari sebelum tahun      30 days before the start of the next financial year.
   buku berikutnya dimulai.
5. Mengawasi pelaksanaan RJP dan SBP serta            5. Supervising the implementation of the Company’s
   RKAP/ABP Perseroan serta menyampaikan hasil            RJP and SBP as well as the Company’s RKAP/ABP
   penilaian dan pendapatnya kepada RUPS.                 and submitting the results of the assessment and
                                                          opinion to the GMS.
6. Mengikuti perkembangan kegiatan Perseroan          6. Following the development of the Company’s
    dan memberikan pendapat dan saran kepada              activities and providing opinions and advice to
    Direksi, sesuai dengan tugas pengawasannya,           the Board of Directors in accordance with their
    atas setiap persoalan yang dianggap penting           supervisory duties on any issues considered
    dalam pengurusan Perseroan, termasuk hal-             important for the Company, including important
    hal penting yang diperkirakan akan berdampak          issues, which are expected to have a major
    besar pada usaha dan kinerja Perseroan, secara        impact on the business and performance of the
    tepat waktu dan relevan.                              Company, in a timely and relevant manner.
7. Memantau efektivitas praktik-praktik tata kelola   7. Monitoring the effectiveness of good corporate
    perusahaan yang baik yang diterapkan di               governance practices implemented in the
    Perseroan, serta memberikan nasihat kepada            Company, as well as providing advice to the
    Direksi dalam menjalankan praktik-praktik tata        Board of Directors in implementing good
    kelola perusahaan yang baik secara konsisten          corporate governance practices consistently and
    dan sesuai dengan Tata Nilai Perusahaan. Hasil        in line with the Company’s Values. The results
    pelaksanaan penilaian dan evaluasi tersebut           of the implementation of the assessment and
    dilaporkan kepada RUPS.                               evaluation are then reported to GMS.
8. Menyampaikan        kepada     Direksi    saran,   8. Delivering to the Board of Directors, the advices,
    harapan, permasalahan, dan keluhan yang               expectations,    problems       and    grievances
    disampaikan oleh pemangku kepentingan                 submitted by stakeholders to the Board of
    kepada Dewan Komisaris, untuk ditindaklanjuti.        Commissioners to be followed up.
9. Membentuk Komite Audit serta Komite Nominasi       9. Establishing the Audit Committee and Nomination
    dan Remunerasi sesuai ketentuan peraturan             and Remuneration Committee following the
    perundang-undangan yang berlaku di bidang             provisions of applicable laws and regulations in
    pasar modal.                                          capital market sector.
10. Meneliti dan menelaah laporan-laporan dari        10. Examining and analyzing reports from the
    komite-komite Dewan Komisaris Perseroan.              committees under the Company’s Board of
                                                          Commissioners.
11. Mengadakan rapat Dewan Komisaris sekurang-        11. Conducting meetings of the Board of
    kurangnya 1 kali setiap 2 bulan sesuai dengan         Commissioners at least 1 every 2 months following
    peraturan perundang-undangan yang berlaku.            the applicable laws and regulations.
12. Menjaga      kerahasiaan     data    dan/atau     12. Maintaining the confidentiality of the Company’s
    informasi Perseroan.                                  data and/or information.
13. Memberikan laporan tentang tugas pengawasan       13. Providing a report on supervisory duties that have
    yang telah dilakukan selama tahun buku yang           been carried out during the past financial year to
    telah lampau kepada RUPS, disertai dengan             the GMS, accompanied by suggestions.
    saran.
14. Meningkatkan kompetensi dan pengetahuannya        14. Improving competence and knowledge on an
    secara berkesinambungan untuk menjalankan             ongoing basis to carry out their duties as the Board
    tugasnya      sebagai     Dewan      Komisaris        of Commissioners in a professional manner.
    secara profesional.
15. Menginformasikan kepada Sekretaris Perusahaan     15. Informing the Corporate Secretary on their
    mengenai kepemilikan sahamnya di Perseroan,           share ownership in the Company, including any
    termasuk setiap perubahannya untuk dilaporkan         changes that needs to be reported to regulators
    kepada regulator sesuai dengan peraturan              following the applicable laws and regulations.
    perundangan yang berlaku.




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16. Menginformasikan kepada Sekretaris Perusahaan      16. Informing the Corporate Secretary of any and
    setiap dan seluruh jabatan pada perusahaan lain,       all concurrent positions in other companies,
    termasuk perusahaan terbuka lainnya, termasuk          including other public companies and positions
    jabatan dalam komite-komite yang ada di bawah          in committees under the Board of Commissioners
    Dewan Komisaris perusahaan terbuka lainnya             of other public companies (if any).
    (bila ada).
17. Melaksanakan kewajiban lainnya dalam rangka        17. Carrying out other obligations in the context of
    tugas pengawasan dan pemberian nasihat,                supervisory and advisory duties, as long as they
    sepanjang tidak bertentangan dengan peraturan          do not conflict with the applicable laws and
    perundang-undangan yang berlaku, Anggaran              regulations, the Company’s Articles of Association,
    Dasar Perusahaan, dan/atau keputusan RUPS              and/or the resolutions of the Company’s GMS.
    Perseroan.



Pelaksanaan Tugas Tahun 2024                           Implementation of Duties in 2024

Dewan Komisaris Perseroan telah melaksanakan           Throughout 2024, the Company’s Board of
tugas dan tanggung jawabnya selama tahun 2024          Commissioners had carried out their duties and
sesuai dengan pedoman kerja yang berlaku, dengan       responsibilities following the applicable work policy,
rincian sebagai berikut.                               with the following details.
1. Mengawasi pengelolaan dan pengurusan                1. Supervised the overall management and
    Perseroan yang dilakukan Direksi secara               organization of the Company carried out by the
    keseluruhan.                                          Board of Directors.
2. Meneliti, menelaah, dan menyetujui Laporan          2. Examined, analyzed, and approved the 2023
    Tahunan dan Laporan Keberlanjutan tahun 2023.         Annual Report and Sustainability Report.
3. Melakukan pertemuan serta meneliti dan              3. Held meeting as well as examined and analyzed
    menelaah laporan dari komite di bawah                 reports from committees under the Board of
    Dewan Komisaris.                                      Commissioners.
4. Mengkaji,     menelaah,  memberikan     saran,      4. Assessed, analyzed and provided advice and
    dan persetujuan atas usulan RJP dan SBP               approval on the proposed RJP and SBP for the
    untuk periode 2020-2024, serta RKAP dan ABP           2020-2024 period, as well as the 2024 RKAP
    tahun 2024.                                           and ABP.
5. Melakukan      pengawasan    dan    pemberian       5. Actively supervising and providing input on the
    masukan secara aktif atas pembentukan                 formation of the Company’s Long-Term Plan
    Rencana Jangka Panjang (RJP) dan Strategic            (RJP) and Strategic Business Plan (SBP) for the
    Business Plan (SBP) Perseroan untuk periode           2025-2030 period.
    tahun 2025-2030.



Rapat                                                  Meetings

Dewan Komisaris perlu melaksanakan fungsi              The Board of Commissioners must conduct its
pengawasan dan penetapan kebijakan secara efektif      supervisory and policy-making functions effectively
melalui rapat internal dan rapat gabungan dengan       through internal meetings and joint meetings with
Direksi. Rapat internal harus dilakukan minimal        Board of Directors. Internal meeting must be held at
setiap 2 bulan, sedangkan rapat gabungan dengan        least every 2 months, while joint meeting with Board
Direksi harus diadakan minimal setiap 4 bulan.         of Directors must be held at least every 4 months.
Rapat internal dapat diselenggarakan sesuai jadwal     Internal meetings can be held following or outside
yang telah ditetapkan atau di luar jadwal, asalkan     the preset schedule, provided they comply with the
mematuhi ketentuan dalam Pedoman Tata Laksana          provisions set in the Board of Commissioners’ Manual.
Kerja Dewan Komisaris. Rapat yang melibatkan           Meeting involving the Board of Commissioners and
Dewan Komisaris bersama komite pendukung juga          its supporting committee will be considered as Board
dihitung sebagai rapat Dewan Komisaris.                of Commissioners meeting.

Sepanjang    tahun     2024,    Dewan     Komisaris    Throughout 2024, the Board of Commissioners
menyelenggarakan rapat internal dan gabungan           held 22 internal and joint meetings, with
sebanyak 22 kali, dengan rincian sebagai berikut.      the following details.



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                                                                      Rapat Internal dan Gabungan Dewan Komisaris
                                                                    Board of Commissioners Internal and Joint Meetings
         Nama                           Jabatan
         Name                           Position
                                                                   Total Rapat              Kehadiran
                                                                                                                          %
                                                                  Total Meetings            Attendance

                            Komisaris Utama
 Indracahya Basuki                                                        22                     22                    100,0
                            President Commissioner

                            Komisaris
 Widiyanti Putri*)                                                        22                      16                     72,7
                            Commissioner

                            Komisaris Independen
 Iwa Kartiwa Hudaya                                                       22                     22                    100,0
                            Independent Commissioner

 Rata-rata Kehadiran Rapat
                                                                                                                        90,9
 Average Meeting Attendance

*) Mengundurkan diri pada tanggal 21 Oktober dan disahkan dalam RUPS Luar Biasa tanggal 13 Desember 2024. / Resigned on 21 October 2024
   and officially approved during the Extraordinary GMS on 13 December 2024.




Pengembangan Kompetensi                                               Competence Development

Perseroan memfasilitasi program pengembangan                          The     Company      is  facilitating competence
kompetensi untuk meningkatkan efektivitas dan                         development program to improve the effectiveness
kinerja Dewan Komisaris, serta memastikan                             and performance of the Board of Commissioners,
pemahaman mereka terhadap tren, tantangan,                            as well ensuring their understanding on the latest
dan perkembangan terkini di industri. Program ini                     trends, challenges, and development in the industry.
dilaksanakan sesuai dengan Rencana Kerja dan                          This program is implemented in line with Company
Anggaran Perusahaan (RKAP).                                           Work Plan and Budget (RKAP).

Sepanjang     tahun    2024,            Perseroan telah               Throughout 2024, the Company has held competence
melaksanakan        program               pengembangan                development program for members of the Board of
kompetensi bagi anggota                 Dewan Komisaris               Commissioners as follows.
sebagai berikut.


                                                                                      Tempat/Sarana dan
     Nama              Jabatan                     Topik Pelatihan                      Waktu Pelatihan           Penyelenggara
     Name              Position                    Topic of Training                  Location/Facility and         Organizer
                                                                                        Period of Training

                                                                                                                  Internal Perseroan
                                            Breaking The Wall: Who Wants                    Balikpapan,
                                                                                                                  Company Internal
                                                to be a Transformers?                       24 May 2024
                                                                                                                   (TPA Conference)
                     Komisaris
 Indracahya          Utama                    Penerapan Anti-Korupsi,
 Basuki              President          Anti-Penyuapan, dan Praktik Perilaku
                     Commissioner           Usaha Beretika di Perusahaan                      Jakarta,            Internal Perseroan
                                         Implementation of Anti-Corruption,              29 November 2024         Company Internal
                                          Anti-Bribery, and Ethical Business
                                              Practices in the Company
                                                                                                                  Internal Perseroan
                                            Breaking The Wall: Who Wants                    Balikpapan,
                                                                                                                  Company Internal
                                                to be a Transformers?                       24 May 2024
                                                                                                                   (TPA Conference)
                     Komisaris
 Iwa Kartiwa         Independen               Penerapan Anti-Korupsi,
 Hudaya              Independent        Anti-Penyuapan, dan Praktik Perilaku
                     Commissioner           Usaha Beretika di Perusahaan                      Jakarta,            Internal Perseroan
                                         Implementation of Anti-Corruption,              29 November 2024         Company Internal
                                          Anti-Bribery, and Ethical Business
                                              Practices in the Company




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DIREKSI
  Board of Directors


Direksi adalah organ yang bertanggung jawab            The Board of Directors is the organ fully responsible
sepenuhnya atas pengurusan dan pencapaian              for the management and achievement of Company
tujuan Perseroan sesuai dengan target yang telah       objectives following the preset targets. Every member
ditetapkan. Setiap anggota Direksi menjalankan         of the Board of Directors has their own function and
fungsi dan tanggung jawab berdasarkan kapasitas        responsibilities based on their respective capacity
dan kapabilitas masing-masing.                         and capability.



Pedoman Kerja                                          Work Policy

Pedoman Tata Laksana Kerja Dewan Komisaris             The Board of Commissioners and Board of Directors
dan Direksi sebagai panduan bagi Direksi dalam         Work Procedure Policy as a guide for the Board of
mengurus dan mengelola Perseroan secara                Directors in managing and overseeing the Company
profesional telah diselaraskan dengan Peraturan        professionally, has been aligned with the Financial
Otoritas Jasa Keuangan No. 33/POJK.04/2014, Surat      Services Authority Regulation No. 33/POJK.04/2014,
Edaran Otoritas Jasa Keuangan No. 16/SEOJK.04/2021,    the Financial Services Authority Circular Letter
serta Anggaran Dasar. Pedoman ini terakhir             No. 16/SEOJK.04/2021, and the Articles of Association.
diperbarui     melalui      Keputusan      Bersama     This Work Procedure Policy was last updated through
Dewan Komisaris dan Direksi, dan dapat ditinjau        a Joint Decision of the Board of Commissioners
serta diperbarui secara berkala. Pedoman tersebut      and Board of Directors and may be reviewed and
dapat diakses melalui situs web Perseroan.             updated periodically. The guideline can be accessed
                                                       through the Company’s website.

Dasar Pengangkatan                                     Basis of Appointment
dan Masa Jabatan                                       and Term of Office

Pengangkatan Direksi ditetapkan melalui keputusan      Board of Directors appointment is ratified through
Pemegang Saham dalam RUPS Tahunan atau RUPS            Shareholders’ resolution in the Annual or Extraordinary
Luar Biasa. Pada 25 April 2024, seluruh anggota        GMS. On 25 April 2024, all members of the Board of
Direksi diangkat kembali melalui RUPS Tahunan,         Directors were reappointed through Annual GMS, as
sesuai dengan Akta No. 105 yang dibuat oleh            stated in Deed No. 105 made before Jose Dima, SH, MKn,
Notaris Jose Dima, SH, MKn, di Jakarta Selatan. Masa   Notary in South Jakarta. The term of office of Board of
jabatan Direksi ditetapkan selama 3 tahun, serta       Directors is set for 3 years, effective from the date of
berlaku sejak tanggal pengangkatan, sesuai dengan      appointment, in line with Articles of Association and
Anggaran Dasar dan Pedoman Tata Laksana Kerja          the Board of Commissioners and Board of Directors
Dewan Komisaris dan Direksi. Namun, anggota            Work Procedures Policy. However, members of the
Direksi dapat diberhentikan sebelum masa               Board of Directors can be dismissed prior to the end
jabatannya berakhir berdasarkan hasil keputusan        of their term of office based on GMS resolution.
RUPS.



Komposisi dan Independensi                             Composition and Independence

Komposisi                                              Composition
Selama tahun 2024, tidak terjadi perubahan dalam       Throughout 2024, there was no change in the
komposisi anggota Direksi, yang diungkapkan            composition of members of the Board of Directors,
sebagai berikut.                                       as disclosed below.




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              Nama                        Jabatan          Pertama Kali Menjabat      Masa Akhir Jabatan
              Name                        Position          Start of Term of Office   End of Term of Office

                               Direktur Utama
Wishnu Wardhana                                                      2021                     2027
                               President Director

                               Direktur
Noor Falich                                                          2021                     2027
                               Director

                               Direktur
Imam Syaifullah                                                      2021                     2027
                               Director

                               Direktur
Yayan Handian Ginanjar                                               2021                     2027
                               Director

                               Direktur
Mahirudin                                                            2021                     2027
                               Director

                               Direktur
Santos Ibrahim Noor                                                 2023                      2027
                               Director



Independensi                                         Independence
Direksi selalu menjunjung tinggi independensi        The Board of Directors always uphold independence
dalam menjalankan tugas pengelolaan Perseroan.       in carrying out its management duties for the
Setiap keputusan yang diambil didasarkan             Company. Every decision made is based on
pada prinsip profesionalisme dan akuntabilitas,      professionalism and accountability principles, for
demi    kepentingan  terbaik  Perseroan  serta       the best interests of the Company and all of the
seluruh pemangku kepentingan, sesuai dengan          stakeholders, in line with the GCG policy.
pedoman GCG.



Tugas dan Tanggung Jawab                             Duties and Responsibilities

Tugas dan tanggung jawab Direksi dijelaskan          The Duties and responsibilities of the Board of
sebagai berikut.                                     Directors are as explained below.
1. Memimpin dan mengurus Perseroan sesuai            1. Leading and managing the Company following
   dengan maksud dan tujuan Perseroan dan                the aims and objectives of the Company and
   senantiasa berusaha meningkatkan efisiensi dan        always strives to improve the efficiency and
   efektivitas Perseroan.                                effectiveness of the Company.
2. Memelihara, menjaga, dan mengurus kekayaan        2. Maintaining, safeguarding, and managing
   Perseroan.                                            Company’s assets.
3. Menyiapkan Struktur Organisasi Perseroan          3. Preparing     the     Company’s       Organizational
   lengkap dengan perincian tugasnya.                    Structure complete with details of their duties.
4. Menetapkan pembagian tugas dan wewenang           4. Determining the division of duties and authorities
   anggota Direksi.                                      of members of the Board of Directors.
5. Mengembangkan dan memimpin penerapan              5. Developing and leading the implementation of
   pedoman tata kelola perusahaan yang baik.             good corporate governance policy.
6. Menyiapkan pada waktunya RJP Perseroan            6. Preparing the Company’s RJP in a timely manner
   dan kemudian menyampaikannya kepada                   and later submit it to the Board of Commissioners
   Dewan       Komisaris    guna    mendapatkan          for approval and ratification.
   persetujuan dan pengesahan.
7. Menyiapkan RKAP dan menyampaikannya               7. Preparing RKAP and submit it to the Board of
   kepada       Dewan     Komisaris  selambatnya        Commissioners no later than 30 days before
   30 hari sebelum dimulainya tahun buku yang           the start of the next financial year in order to get
   akan datang guna mendapatkan persetujuan             approval and ratification.
   dan pengesahan.
8. Membangun dan melaksanakan program                8. Establishing and implementing an integrated
   manajemen risiko korporasi secara terpadu yang       corporate     risk  management     program,
   merupakan bagian dari pelaksanaan tata kelola.       which is part of the implementation of good
                                                        corporate governance.




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9. Menetapkan         kebijakan     tentang   sistem    9. Establishing policies on effective internal control
    pengendalian internal yang efektif untuk               system to safeguard the investment, business
    mengamankan investasi, kegiatan usaha dan              activities, and assets of the Company.
    aset Perseroan.
10. Menyusun sistem akuntansi sesuai standar            10. Developing an accounting system according
    akuntansi       keuangan     dan     berdasarkan        to financial accounting standards and based
    prinsip-prinsip pengendalian internal, terutama         on the internal control principles, especially
    pemisahan fungsi pengurusan, pencatatan,                the separation of management, registration,
    penyimpanan, dan pengawasan.                            safekeeping, and supervision functions.
11. Mengadakan dan memelihara pembukuan dan             11. Organizing and maintaining the Company’s
    administrasi Perseroan untuk menghasilkan               bookkeeping and administration for an orderly
    penyelenggaraan pembukuan yang tertib,                  bookkeeping, working capital adequacy with
    kecukupan modal kerja dengan biaya modal                efficient capital costs, a good and robust balance
    yang efisien, struktur neraca yang baik dan             sheet structure, timely and accurate presentation
    kokoh, penyajian laporan dan analisa keuangan           of financial statements and analysis, as well as
    tepat waktu dan akurat serta prinsip-prinsip lain       other principles in accordance with the accepted
    sesuai dengan kelaziman yang berlaku bagi               practices that are applicable to the Company.
    suatu Perseroan.
12. Menyampaikan Laporan Keuangan dan laporan           12. Delivering the Financial Statements and other
    berkala lainnya kepada Pemegang Saham                   periodic reports to Shareholders following the
    sesuai dengan ketentuan perundang-undangan              applicable laws and regulations.
    yang berlaku.
13. Menyiapkan       dan    menyampaikan     Laporan    13. Preparing and submitting the Annual Report
    Tahunan kepada Otoritas Jasa Keuangan                   to the Financial Services Authority no later than
    selambat-lambatnya pada akhir bulan keempat             the end of the fourth month following the end of
    sejak tahun buku berakhir atau pada tanggal             the financial year or on the summon date of the
    pemanggilan RUPS Tahunan Perseroan, mana                Company’s Annual GMS, whichever comes first.
    yang lebih dahulu.
14. Memastikan tersedianya Laporan Tahunan bagi         14. Ensuring the availability of Annual Report for the
    Pemegang Saham Perseroan paling lambat                  Company’s Shareholders no later than the end of
    pada akhir bulan keempat sejak tahun buku               the fourth month following the end of the financial
    berakhir atau pada tanggal pemanggilan RUPS             year or on the summon date of the Company’s
    Tahunan Perseroan, mana yang lebih dahulu.              Annual GMS, whichever comes first.
15. Menyelenggarakan RUPS Tahunan selambat-             15. Conducting an Annual GMS, no later than the sixth
    lambatnya bulan keenam setelah tahun                    month following the end of the financial year.
    buku berakhir.
16. Memanggil dan menyelenggarakan RUPS Tahunan         16. Summon and conducting the Annual GMS
    dan/atau RUPS Luar Biasa dengan cara dan waktu          and/or Extraordinary GMS following the method
    sesuai ketentuan Anggaran Dasar Perusahaan dan          and time stipulated by the Company’s Articles of
    perundang-undangan yang berlaku.                        Association and applicable laws.
17. Memiliki fungsi Sekretaris Perusahaan.              17. Having the function of Corporate Secretary.
18. Membuat,       menyimpan,      dan    memelihara    18. Preparing, safe keep, and maintain company
    dokumen perusahaan, di tempat kedudukan                 documents, at the place of domicile of the
    Perseroan, antara lain daftar Pemegang Saham,           Company, including the list of Shareholders, GMS
    risalah RUPS, risalah rapat Dewan Komisaris             minutes, minutes of Board of Commissioners
    dan risalah rapat Direksi, Laporan Tahunan dan          meetings and minutes Board of Directors meetings,
    dokumen keuangan Perseroan serta dokumen                Annual Reports, and the Company’s financial
    Perseroan lainnya.                                      documents as well as other Company documents.
19. Mengungkapkan informasi penting terkait             19. Disclosing important information related to the
    Perseroan dalam Laporan Tahunan dan Laporan             Company in the Annual Report and Financial
    Keuangan kepada Pemegang Saham atau pihak               Statements to Shareholders or other parties
    lainnya, sesuai peraturan perundang-undangan            following the applicable laws and regulations
    yang berlaku di Indonesia secara tepat waktu,           in Indonesia in timely, accurate, clear, and
    akurat, jelas, dan objektif.                            objective manner.
20. Mengadakan rapat Direksi sekurang-kurangnya         20. Conducting Board of Directors meetings at least
    1 kali setiap 1 bulan sesuai dengan peraturan           1 every month following the applicable laws and
    perundang-undangan yang berlaku di Indonesia.           regulations in Indonesia.


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21. Menjaga       kerahasiaan     data   dan/atau          21. Maintaining the confidentiality of the Company’s
    informasi Perseroan.                                       data and/or information.
22. Memastikan Perseroan melakukan tanggung                22. Ensuring the Company carries out social
    jawab sosial.                                              responsibility.
23. Meningkatkan kompetensi dan pengetahuannya             23. Improving its competence and knowledge on
    secara berkesinambungan untuk menjalankan                  an ongoing basis to carry out their duties as
    tugasnya sebagai Direksi Perseroan secara                  the Board of Directors of the Company in a
    profesional.                                               professional manner.
24. Menginformasikan kepada Sekretaris Perusahaan          24. Informing the Corporate Secretary on their
    mengenai kepemilikan sahamnya di Perseroan,                share ownership in the Company, including
    termasuk setiap perubahannya untuk dilaporkan              any changes that needs to be reported to the
    kepada regulator sesuai dengan peraturan                   regulator following the applicable laws and
    perundangan yang berlaku di Indonesia.                     regulations in Indonesia.
25. Menginformasikan         kepada      Sekretaris        25. Informing the Corporate Secretary of any and
    Perusahaan setiap dan seluruh jabatan pada                 all concurrent positions in other companies,
    perusahaan lain, termasuk perusahaan terbuka               including other public companies and positions
    lainnya, termasuk jabatan dalam komite-komite              in committees under the Board of Commissioners
    yang ada di bawah Dewan Komisaris perusahaan               of other public companies (if any).
    terbuka lainnya (bila ada).
26. Melaksanakan kewajiban lainnya dalam rangka            26. Conducting other obligations in the context of
    melaksanakan tugas dan tanggung jawabnya,                  carrying out their duties and responsibilities, as
    sepanjang      tidak    bertentangan   dengan              long as they do not conflict with the applicable
    peraturan perundang-undangan yang berlaku                  laws and regulations in Indonesia, the Company’s
    di Indonesia, Anggaran Dasar Perusahaan,                   Articles of Association, and/or the resolutions of the
    dan/atau keputusan RUPS Perseroan.                         Company’s GMS.



Pembagian Tugas Direksi                                    Provision of Duties of
                                                           the Board of Directors

Perseroan telah menetapkan pembagian tugas                 The Company has set the following duties for each
masing-masing Direksi sebagai berikut.                     member of the Board of Directors.


   Nama dan Jabatan                                     Tugas dan Tanggung Jawab
   Name and Position                                     Duties and Responsibilities

Wishnu Wardhana           1. Mengoordinasikan, mengawasi, dan memimpin manajemen Perseroan dan memastikan
Direktur Utama               semua kegiatan usaha Perseroan dijalankan sesuai dengan Visi, Misi, dan Nilai Perseroan.
President Director        2. Menetapkan kebijakan umum dalam memimpin dan mengurus Perseroan.
                          3. Menyiapkan rencana kerja umum Perseroan dan melakukan evaluasi terhadap
                             pelaksanaan rencana kerja.
                          4. Menyusun laporan pertanggungjawaban pengelolaan Perseroan.
                          5. Membentuk komite untuk membantu tugas Direksi dan melakukan evaluasi terhadap
                             kinerja komite tersebut.
                          6. Memastikan penerapan tata kelola secara konsisten.
                          7. Melaksanakan RUPS sebagai bentuk tanggung jawab terhadap Pemegang Saham dan
                             memastikan keputusan RUPS telah direalisasikan dengan baik.
                          8. Membina dan menjaga hubungan dengan otoritas pasar modal dan investor publik.
                          1. Coordinating, supervising, and lead the management of the Company and ensuring that
                             all business activities of the Company are carried out following the Vision, Mission, and
                             Company Value.
                          2. Establishing general policies in leading and managing the Company.
                          3. Preparing the general work plan of the Company and evaluating the work plan
                             implementation.
                          4. Preparing an accountability report on the management of the Company.
                          5. Establishing committees to assist the duties of the Board of Directors and evaluating the
                             performance of those committees.
                          6. Ensuring consistent implementation of good corporate governance.
                          7. Carrying out GMS as a form of responsibility to Shareholders and ensuring that GMS
                             resolutions are properly realized.
                          8. Fostering and maintaining relationships with capital market authorities and public
                             investors.




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   Nama dan Jabatan                                           Tugas dan Tanggung Jawab
   Name and Position                                           Duties and Responsibilities

Noor Falich                    1. Menetapkan rencana, strategi, serta pencapaian Perseroan atas operasional perkebunan
Direktur Perkebunan dan           dan industri kelapa sawit Perseroan.
Agronomi                       2. Bertanggung jawab untuk memonitor pelaksanaan kinerja operasional dan produksi
Director of Plantation and        perkebunan dan industri kelapa sawit untuk mencapai kinerja yang maksimal.
Agronomy                       3. Bertanggung jawab terhadap kepatuhan sesuai dengan peraturan perundang-undangan
                                  dan peraturan daerah yang berlaku.
                               4. Menyusun dan melakukan koordinasi untuk pelaksanaan Rencana Kerja Perseroan yang
                                  berhubungan dengan aspek agronomi, manajemen operasional, dan pengelolaan
                                  sumber daya.
                               1. Determining the Company’s plans, strategies, and achievements for the Company’s palm
                                  oil plantation and industry operations.
                               2. Is responsible for monitoring the operational and production performances of plantations
                                  and the palm oil industry to achieve maximum performance.
                               3. Is responsible for compliance in accordance with applicable laws and regulations.
                               4. Preparing and coordinating the implementation of the Company’s Work Plan relating to
                                  aspects of agronomy, operational management, and resources management.

Imam Syaifullah                1. Bertanggung jawab terhadap strategi, kebijakan, dan program di bidang logistik dan
Direktur Logistik dan Teknik      teknik pada seluruh perkebunan dan industri kelapa sawit Perseroan.
Director of Logistics and      2. Melakukan koordinasi untuk pelaksanaan Rencana Kerja Perseroan yang berhubungan
Engineering                       dengan pembangunan, pengoperasian, dan pemeliharaan aset-aset teknik dari
                                  Perseroan.
                               1. Is responsible for strategies, policies and programs in logistics and engineering for all of
                                  the Company’s palm oil plantations and industry.
                               2. Coordinating the implementation of the Company’s Work Plan relating to the construction,
                                  operation, and maintenance of the Company’s technical assets.

Yayan Handian Ginanjar         1. Merumuskan strategi, kebijakan dan program di bidang keberlanjutan, terutama terkait
Direktur Keberlanjutan            dengan aspek lingkungan, sosial, tata kelola (environment, social, governance/ESG)
Director of Sustainability        Perseroan.
                               2. Melakukan monitoring dan evaluasi pelaksanaan seluruh program keberlanjutan dan ESG
                                  tersebut.
                               3. Bertanggung jawab terhadap kepatuhan di bidang keberlanjutan sesuai dengan
                                  peraturan perundang-undangan yang berlaku.
                               4. Menerapkan prinsip-prinsip ESG dalam seluruh usaha Perseroan dan mengoptimalkan
                                  pemanfaatan teknologi dan digitalisasi untuk mendukung pemantauan dan pelaporan
                                  atas pelaksanaan ESG Perseroan, terutama penggunaan platform ESG Teladan Green
                                  Metrics (TGM) dan Teladan Productivity Technology Science (TPTS).
                               1. Preparing strategies, policies, and programs in the sustainability sector, especially those
                                  related to the Company’s environmental, social, governance (ESG) aspects.
                               2. Monitoring and evaluating the implementation of all the sustainability and ESG programs.
                               3. Is responsible for compliance in the sustainability sector following applicable laws and
                                  regulations.
                               4. Implementing ESG principles in all of the Company’s businesses and optimizing the use of
                                  technology and digitalization to support monitoring and reporting on the implementation
                                  of the Company’s ESG, especially in the use of Teladan Green Metrics (TGM) and Teladan
                                  Productivity Technology Science (TPTS) platforms.

Mahirudin                      1. Bertanggung jawab dalam pengembangan strategi dan pengelolaan keuangan,
Direktur Keuangan,                akuntansi, dan pajak Perseroan.
Akuntansi, dan Pajak           2. Bertanggung jawab di bidang kepatuhan Perseroan, khususnya memastikan terpenuhinya
Director of Finance,              seluruh kewajiban pelaporan serta ketentuan akuntansi dan audit yang ditetapkan oleh
Accounting, and Tax               peraturan pasar modal.
                               3. Melakukan koordinasi untuk pelaksanaan Rencana Kerja Perseroan yang berhubungan
                                  dengan manajemen akuntansi, keuangan, pajak, serta pengelolaan sumber dana bagi
                                  pengembangan Perseroan ke depan.
                               4. Melaksanakan efisiensi dan efektivitas fungsi-fungsi keuangan di Perseroan dan Entitas
                                  Anak Perseroan.
                               5. Membina dan menjaga hubungan dengan otoritas pasar modal, pihak perbankan, dan
                                  investor publik.
                               1. Is responsible for strategy development and management of the Company’s finances,
                                  accounting, and taxes.
                               2. Is responsible for the Company’s compliance, particularly in ensuring the fulfillment of all
                                  reporting obligations as well as accounting, and auditing provisions stipulated by capital
                                  market regulations.
                               3. Coordinating the implementation of the Company’s Work Plan relating to accounting,
                                  finance, tax management, as well as managing sources of funds for the future development
                                  of the Company.
                               4. Carrying out efficiency and effectiveness of financial functions in the Company and its
                                  Subsidiaries.
                               5. Fostering and maintaining relationships with capital market authorities, banks, and public
                                  investors.




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   Nama dan Jabatan                                        Tugas dan Tanggung Jawab
   Name and Position                                        Duties and Responsibilities

Santos Ibrahim Noor           1. Melakukan riset pasar perdagangan serta tren naik turun untuk memaksimalkan penjualan
Direktur Pemasaran dan           komoditas Perseroan.
Komersial                     2. Melakukan penetapan harga sesuai riset pasar yang ada, pemasaran produk, komunikasi
Director of Marketing and        pemasaran, dan hubungan masyarakat.
Commercial                    3. Melakukan pertemuan antara Perseroan dengan klien dan distributor serta menjaga
                                 hubungan baik dengan lingkungan sektoral, kompetitor, dan vendor.
                              4. Melakukan pengembangan strategi penjualan dan strategi pemasaran.
                              5. Melakukan pengecekan atas komoditas yang didistribusikan dan dijual kepada klien.
                              1. Researching trade market and up-down trends to maximize the sales of Company’s
                                 commodities.
                              2. Set pricing based on existing market research, product marketing, marketing
                                 communications, and public relations.
                              3. Facilitating meetings between the Company, clients, and distributors while maintaining
                                 good relationships with the sectoral environment, competitors, and vendors.
                              4. Developing sales and marketing strategies.
                              5. Checking the commodities distributed and sold to clients.


Pelaksanaan Tugas Tahun 2024                                    Implementation of Duties in 2024

Sepanjang tahun 2024, Direksi telah menjalankan                 Throughout 2024, the Board of Directors had carried
tugas dan tanggung jawabnya dengan baik sesuai                  out their duties and responsibilities well, following the
dengan pedoman kerja yang berlaku.                              applicable work policy.



Rapat                                                           Meetings

Direksi perlu berkoordinasi dalam pengambilan                   Board of Directors needs to coordinate in making
keputusan strategis Perseroan melalui rapat internal            Company’s strategic decisions through internal
dan rapat gabungan dengan Dewan Komisaris.                      meetings and joint meetings with Board of
Rapat internal wajib dilaksanakan minimal 1 kali                Commissioners. Internal meeting must be held at
setiap bulan, sedangkan rapat gabungan dengan                   least 1 every month, while joint meeting with Board
Dewan Komisaris minimal 1 kali setiap 4 bulan.                  of Commissioners at least 1 every 4 months. Both the
Kedua jenis rapat ini dapat diselenggarakan sesuai              internal and joint meetings can be held following
jadwal yang telah ditetapkan atau di luar agenda                the preset schedule or outside the existing agenda,
yang ada, selama tetap mematuhi ketentuan yang                  provided they comply with the provisions set in the
diatur dalam Pedoman Tata Laksana Kerja Direksi.                Board of Directors’ Manual.

Sepanjang      tahun     2024,   Direksi  telah                 Throughout 2024, the Board of Directors held
menyelenggarakan rapat internal sebanyak 50 kali                50 internal meetings and 22 joint meetings, with the
dan rapat gabungan sebanyak 22 kali, dengan                     following details.
rincian sebagai berikut.


                                                                                       Rapat Gabungan dengan
                                            Rapat Internal Direksi                        Dewan Komisaris
                                      Board of Directors Internal Meeting                 Joint Meeting with
    Nama            Jabatan                                                          the Board of Commissioners
    Name            Position
                                      Total Rapat   Kehadiran                    Total Rapat   Kehadiran
                                                                        %                                         %
                                     Total Meetings Attendance                  Total Meetings Attendance

Wishnu          Direktur Utama
                                           50              50          100,0          22              22         100,0
Wardhana        President Director
                Direktur
Noor Falich                                50              50          100,0          22              22         100,0
                Director
Imam            Direktur
                                           50              50          100,0          22              22         100,0
Syaifullah      Director
Yayan
                Direktur
Handian                                    50              50          100,0          22              22         100,0
                Director
Ginanjar




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                                                                                     Rapat Gabungan dengan
                                            Rapat Internal Direksi                      Dewan Komisaris
                                      Board of Directors Internal Meeting               Joint Meeting with
    Nama              Jabatan                                                      the Board of Commissioners
    Name              Position
                                     Total Rapat   Kehadiran                   Total Rapat   Kehadiran
                                                                       %                                          %
                                    Total Meetings Attendance                 Total Meetings Attendance

                  Direktur
Mahirudin                                  50             50          100,0          22              22         100,0
                  Director
Santos            Direktur
                                           50             50          100,0          22              22         100,0
Ibrahim Noor      Director
Rata-rata Kehadiran Rapat
                                                                      100,0                                     100,0
Average Meeting Attendance




Pengembangan Kompetensi                                         Competence Development

Perseroan memfasilitasi program pengembangan                    The    Company     is   facilitating  competence
kompetensi untuk meningkatkan efektivitas dan                   development program to improve the effectiveness
kinerja Direksi, serta memastikan pemahaman                     and performance of the Board of Directors, as well
mereka     terhadap    tren,  tantangan,  dan                   ensuring their understanding on the latest trend,
perkembangan terkini di industri. Program ini                   challenges, and development in the industry. This
dilaksanakan sesuai dengan Rencana Kerja dan                    program is implemented in line with Company Work
Anggaran Perusahaan (RKAP).                                     Plan and Budget (RKAP).



Sepanjang    tahun    2024,     Perseroan    telah              Throughout 2024, the Company has held
melaksanakan       program        pengembangan                  competence development program for members
kompetensi bagi anggota Direksi sebagai berikut.                of the Board of Directors as follows.


                                                                     Tempat/Sarana dan
   Nama         Jabatan               Topik Pelatihan                  Waktu Pelatihan            Penyelenggara
   Name         Position              Topic of Training              Location/Facility and          Organizer
                                                                       Period of Training

                                                                                              Mandiri Investment Forum,
                                         Macro Days                   Jakarta, 5 March 2024
                                                                                                 Mandiri Sekuritas
                Direktur           Penerapan Anti-Korupsi,
Wishnu          Utama        Anti-Penyuapan, dan Praktik Perilaku
Wardhana        President        Usaha Beretika di Perusahaan               Jakarta,             Internal Perseroan
                Director                                               29 November 2024          Company Internal
                              Implementation of Anti-Corruption,
                               Anti-Bribery, and Ethical Business
                                   Practices in the Company
                                                                                                 Internal Perseroan
                                 Breaking The Wall: Who Wants              Balikpapan,
                                                                                                 Company Internal
                                     to be a Transformers?                 24 May 2024
                                                                                                  (TPA Conference)

                Direktur           Penerapan Anti-Korupsi,
Noor Falich                  Anti-Penyuapan, dan Praktik Perilaku
                Director
                                 Usaha Beretika di Perusahaan               Jakarta,             Internal Perseroan
                              Implementation of Anti-Corruption,       29 November 2024          Company Internal
                               Anti-Bribery, and Ethical Business
                                   Practices in the Company
                                   Penerapan Anti-Korupsi,
                             Anti-Penyuapan, dan Praktik Perilaku
Imam            Direktur         Usaha Beretika di Perusahaan               Jakarta,             Internal Perseroan
Syaifullah      Director      Implementation of Anti-Corruption,       29 November 2024          Company Internal
                               Anti-Bribery, and Ethical Business
                                   Practices in the Company




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                                                                  Tata Kelola Perusahaan / Corporate Governance




                                                                 Tempat/Sarana dan
  Nama      Jabatan              Topik Pelatihan                   Waktu Pelatihan           Penyelenggara
  Name      Position             Topic of Training               Location/Facility and         Organizer
                                                                   Period of Training

                                                                                            Internal Perseroan
                           Breaking The Wall: Who Wants              Balikpapan,
                                                                                            Company Internal
                               to be a Transformers?                 24 May 2024
                                                                                             (TPA Conference)

                           IDX Net Zero Incubator - Modul 1             Jakarta,            Bursa Efek Indonesia
                          IDX Net Zero Incubator - Module 1          1 August 2024       Indonesia Stock Exchange

                           IDX Net Zero Incubator - Modul 2             Jakarta,            Bursa Efek Indonesia
                          IDX Net Zero Incubator - Module 2        20-21 August 2024     Indonesia Stock Exchange
                            Memajukan Transisi Energi
                              di Negara Berkembang                      Jakarta,          Indonesia International
                           Advancing Energy Transition in          5 September 2024      Sustainability Forum (ISF)
                               Developing Countries
                          Kepentingan Kerja Sama dalam
                             Melawan Perubahan Iklim                    Jakarta,          Indonesia International
Yayan
            Direktur      Importance of Collaborations in          5 September 2024      Sustainability Forum (ISF)
Handian
            Director        Combating Climate Change
Ginanjar
                                    Industri Hijau:
                                                                        Jakarta,          Indonesia International
                             Solusi Penyimpanan Energi
                                                                   5 September 2024      Sustainability Forum (ISF)
                       Green Industry: Energy Storage Solution
                           IDX Net Zero Incubator - Modul 3             Jakarta,            Bursa Efek Indonesia
                          IDX Net Zero Incubator - Module 3         September 2024       Indonesia Stock Exchange

                           IDX Net Zero Incubator - Modul 4            Jakarta,             Bursa Efek Indonesia
                          IDX Net Zero Incubator - Module 4          October 2024        Indonesia Stock Exchange
                             Penerapan Anti-Korupsi,
                       Anti-Penyuapan, dan Praktik Perilaku
                           Usaha Beretika di Perusahaan                 Jakarta,            Internal Perseroan
                        Implementation of Anti-Corruption,         29 November 2024         Company Internal
                         Anti-Bribery, and Ethical Business
                             Practices in the Company
                                                                                            Internal Perseroan
                           Breaking The Wall: Who Wants              Balikpapan,
                                                                                            Company Internal
                               to be a Transformers?                 24 May 2024
                                                                                             (TPA Conference)
                        Pendalaman Peraturan Otoritas Jasa
                        Keuangan No. 42/POJK.04/2020 dan
                         Peraturan Otoritas Jasa Keuangan
                                No. 17/POJK.04/2020                                        Indonesia Corporate
                                                                        Jakarta,
                          Deepening of Financial Services                                  Secretary Association
                                                                    15 August 2024
                                Authority Regulation                                         (ICSA) Academy
            Direktur     No. 42/POJK.04/2020 and Financial
Mahirudin                  Services Authority Regulation
            Director
                                No. 17/POJK.04/2020
                         Transaksi Material dan Perubahan
                        Kegiatan Usaha Perusahaan Terbuka               Jakarta,            Internal Perseroan
                        Material Transactions and Changes to       9 September 2024         Company Internal
                       Business Activities of Public Companies
                               Transaksi Afiliasi dan
                              Benturan Kepentingan                      Jakarta,            Internal Perseroan
                             Affiliated Transaction and            9 September 2024         Company Internal
                                  Conflict of Interest
                        Bursa Malaysia Derivatives Palm Oil            Malaysia,             Bursa Malaysia
                                Conference 2023                     4-6 March 2024       Malaysia Stock Exchange

                                                                                            Internal Perseroan
                           Breaking The Wall: Who Wants              Balikpapan,
                                                                                            Company Internal
Santos                         to be a Transformers?                 24 May 2024
            Direktur                                                                         (TPA Conference)
Ibrahim
            Director
Noor                                                                                      Gabungan Pengusaha
                                                                                          Kelapa Sawit Indonesia
                          Indonesian Palm Oil Conference                 Bali,
                                                                                                 (GAPKI)
                              and 2024 Price Outlook              6-8 November 2024
                                                                                           Indonesian Palm Oil
                                                                                            Association (IPOA)




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TRANSPARANSI INFORMASI TENTANG
DEWAN KOMISARIS DAN DIREKSI
  Information Transparency About the Board of
   Commissioners and the Board of Directors


Benturan Kepentingan dan                              Conflicts of Interest and Conflicts of
Pencegahan Konflik Kepentingan                        Interest Prevention of the Board of
Dewan Komisaris dan Direksi                           Commissioners and Board of Directors

Ketentuan mengenai Benturan Kepentingan Dewan         The provisions on conflicts of interest for the Board of
Komisaris dan Direksi diatur dalam Board Manual,      Commissioners and Board of Directors are outlined
khususnya pada bagian Nilai-Nilai dan Etika           in the Board Manual, specifically in the Values and
Jabatan Dewan Komisaris dan Direksi. Perseroan        Ethics of the Board of Commissioners and Board
mewajibkan anggota Dewan Komisaris dan Direksi        of Directors section. The Company requires all
menandatangani Pakta Integritas, yang mencakup        members of the Board of Commissioners and Board
pernyataan tidak memiliki benturan kepentingan.       of Directors to sign an Integrity Pact, which includes
Selain itu, anggota Dewan Komisaris dan Direksi       a statement of no conflicts of interest. Also, members
wajib mengungkapkan secara tertulis setiap            of the Board of Commissioners and Board of Directors
kepentingan pribadi yang dapat memengaruhi            must disclose in writing any personal interests that
pengambilan     keputusan.     Potensi  benturan      may influence their decision-making. Any identified
kepentingan yang teridentifikasi harus dilaporkan     potential conflicts of interest must be reported to the
kepada RUPS atau Otoritas Jasa Keuangan.              GMS or Financial Services Authority.

Sementara itu, Pedoman Etika dan Perilaku             Meanwhile, the Code of Ethics and Behavior
menegaskan      bahwa     benturan     kepentingan    affirmed that conflicts of interest include situations
mencakup situasi konflik antara kepentingan           where there is a conflict between the Company’s
ekonomis Perseroan dan kepentingan ekonomis           economic interests and the personal economic
pribadi insan Perseroan. Oleh karena itu, Perseroan   interests of Company personnel. Thus, the Company
juga memastikan pencegahan konflik kepentingan        also ensures the prevention of conflicts of interest
dengan mewajibkan pengungkapan kepentingan            by requiring disclosure of any personal interests
pribadi yang dapat menimbulkan konflik dalam          that may lead to conflicts in the transactions or
transaksi atau pengambilan keputusan. Upaya           decision-making. Preventive measure is done
pencegahan dilakukan melalui sosialisasi berkala      through regular dissemination to management
kepada jajaran manajemen dan evaluasi rutin atas      and periodic evaluation of the potential conflicts of
laporan potensi benturan kepentingan.                 interest reports.

Sepanjang tahun 2024, tidak ditemukan kasus           Throughout 2024, there was no case of conflicts of
benturan    atau    konflik   kepentingan     yang    interest involving the Board of Commissioners or
melibatkan Dewan Komisaris maupun Direksi. Hal        Board of Directors. It reflects compliance with the
ini mencerminkan kepatuhan terhadap Board             Board Manual, the Code of Ethics and Behavior, and
Manual, Pedoman Etika dan Perilaku, serta komitmen    the Company’s commitment to a sound governance
Perseroan terhadap prinsip tata kelola yang sehat.    principles.



Kriteria Pemilihan Dewan Komisaris                    Appointment Criteria of the Board of
dan Direksi                                           Commissioners and Board of Directors

Ketentuan mengenai kriteria pemilihan anggota         The provisions on appointment criteria of members
Dewan Komisaris dan Direksi diatur dalam              of the Board of Commissioners and Board of Directors
Board Manual pada bagian Persyaratan yang             are outlined in the Board Manual, in the Requirements
disusun berdasarkan Peraturan Otoritas Jasa           section, which are prepared based on Financial
Keuangan No. 33/POJK.04/2014 tentang Direksi dan      Services Authority Regulation No. 33/POJK.04/2014 on



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                                                                               Tata Kelola Perusahaan / Corporate Governance




Dewan Komisaris Emiten atau Perusahaan Publik.                        the Board of Directors and Board of Commissioners
Hal tersebut menegaskan bahwa setiap calon                            of Issuers or Public Companies. It emphasizes every
anggota Dewan Komisaris dan Direksi harus memiliki                    potential member of Board of Commissioners and
integritas, kompetensi, reputasi yang baik, serta                     Board of Directors must have integrity, competence,
memahami prinsip GCG.                                                 good reputation, and understand the GCG principles.

Perseroan memastikan bahwa proses seleksi                             The Company ensures the selection process
dilakukan secara objektif dan profesional, sesuai                     is conducted objectively and professionally, in
prinsip tata kelola yang sehat. Penetapan                             line with the principles of sound governance.
persyaratan yang selaras dengan ketentuan Otoritas                    The establishment of requirements in line with the
Jasa Keuangan bertujuan menjaga efektivitas                           Financial Services Authority regulations is aimed to
pengawasan, kualitas pengambilan keputusan                            maintain the effectiveness of supervision, quality of
strategis, dan kemampuan pengelolaan risiko,                          strategic decision-making, and ability to manage
termasuk yang terkait dengan aspek keberlanjutan.                     risks, including those related to sustainability
Dengan pendekatan ini, Perseroan menegaskan                           aspect. With this approach, the Company affirms
komitmennya terhadap kepatuhan regulasi dan                           its commitment to regulatory compliance and the
penerapan prinsip.                                                    principles implementation.



Hubungan Afiliasi Dewan Komisaris                                     Affiliated Relationship of
dan Direksi Serta Pemegang                                            the Board of Commissioners and
Saham Pengendali                                                      Board of Directors and
                                                                      Controlling Shareholders

Informasi hubungan afiliasi Dewan Komisaris                           Information regarding the affiliated relationship of
dan Direksi serta Pemegang Saham Pengendali                           the Board of Commissioners, Board of Directors and
diungkapkan sebagai berikut.                                          Controlling Shareholders are disclosed as follows.


                                  Hubungan Keluarga dengan                                Hubungan Keuangan dengan
                                     Family Relations with                                  Financial Relations with

                                                              Pemegang                                                 Pemegang
                          Dewan                                                    Dewan
                                              Direksi           Saham                                 Direksi            Saham
       Nama             Komisaris                                                Komisaris
                                             Board of         Pengendali                             Board of          Pengendali
       Name              Board of                                                 Board of
                                             Directors        Controlling                            Directors         Controlling
                      Commissioners                                            Commissioners
                                                             Shareholders                                             Shareholders

                        Ya       Tidak     Ya      Tidak      Ya      Tidak      Ya      Tidak      Ya      Tidak     Ya       Tidak
                        Yes       No       Yes      No        Yes      No        Yes      No        Yes      No       Yes       No

 Dewan Komisaris / Board of Commissioners

 Indracahya Basuki

 Widiyanti Putri*)

 Iwa Kartiwa
 Hudaya

 Direksi / Board of Directors
 Wishnu
 Wardhana

 Noor Falich

 Imam Syaifullah

 Yayan Handian
 Ginanjar

 Mahirudin

 Santos Ibrahim
 Noor

*) Mengundurkan diri pada tanggal 21 Oktober dan disahkan dalam RUPS Luar Biasa tanggal 13 Desember 2024. / Resigned on 21 October 2024
   and officially approved during the Extraordinary GMS on 13 December 2024.




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Keberagaman Dewan Komisaris dan                             Diversity of the Board of Commissioners
Direksi                                                     and Board of Directors

Penetapan komposisi Dewan Komisaris dan                     Determination of composition of the Company’s
Direksi Perseroan mempertimbangkan aspek                    Board of Commissioners and Board of Directors
keberagaman. Aspek yang diperhatikan mencakup               considers the diversity aspect. The aspects to be
latar belakang pendidikan, pengalaman kerja, usia,          considered including educational background, work
jenis kelamin, dan independensi.                            experiences, age, gender, and independence.


Keberagaman Dewan Komisaris
Diversity of the Board of Commissioners

 Aspek Keberagaman                                                Realisasi
   Diversity Aspect                                              Realization

Pendidikan              Latar belakang pendidikan Dewan Komisaris beragam, mulai dari lulusan S1 hingga S2, dengan
Education               kompetensi di bidang teknik mesin, administrasi bisnis, dan pertanian.
                        The Board of Commissioners has diverse educational background from Bachelor to Master
                        graduates, with competencies in mechanical engineering, business administration, and
                        agriculture.

Pengalaman Kerja        Pihak yang ditunjuk sebagai anggota Dewan Komisaris memiliki pengalaman di berbagai
Work Experience         bidang, baik dari industri sejenis dengan Perseroan ataupun di luar industri kelapa sawit.
                        Parties appointed as members of the Board of Commissioners have experience in various fields,
                        both from similar industry to the Company or outside the palm oil industry.

Usia                    Anggota Dewan Komisaris memiliki usia yang beragam, mulai dari 51-77 tahun.
Age                     Board of Commissioners’ members have diverse age, from 51 to 77 years old.

Jenis Kelamin           Per 31 Desember 2024, anggota Dewan Komisaris Perseroan tidak ada yang berjenis kelamin
Gender                  wanita.
                        As of 31 December 2024, there is no woman in the Company’s Board of Commissioners.

Independensi            Perseroan telah memenuhi jumlah minimum Komisaris Independen sebesar 50%, dengan 1 dari
Independence            2 anggota Dewan Komisaris merupakan Komisaris Independen.
                        The Company met the minimum number of Independent Commissioner of 50%, with 1 out of 2
                        members of the Board of Commissioners is an Independent Commissioner.


Keberagaman Direksi
Diversity of the Board of Directors

 Aspek Keberagaman                                                Realisasi
   Diversity Aspect                                              Realization

Pendidikan              Latar belakang pendidikan Direksi beragam, mulai dari lulusan S1, dengan kompetensi di bidang
Education               ekonomi, perkebunan, teknik, agronomi agrikultur, akuntansi, dan keuangan bisnis.
                        The Board of Directors has diverse educational background from Bachelor to Master graduates,
                        with competencies in economics, agriculture, engineering, agricultural agronomy, accounting,
                        and business finance.

Pengalaman Kerja        Pihak yang ditunjuk sebagai anggota Direksi memiliki pengalaman di berbagai bidang, baik dari
Work Experience         industri sejenis dengan Perseroan ataupun di luar industri kelapa sawit.
                        Parties appointed as members of the Board of Directors have experience in various fields, both
                        from similar industry to the Company or outside the palm oil industry.

Usia                    Anggota Direksi memiliki usia yang beragam, mulai dari 52-64 tahun.
Age                     Board of Commissioners’ members have diverse age, from 52 to 64 years old.

Jenis Kelamin           Per 31 Desember 2024, anggota Direksi Perseroan tidak ada yang berjenis kelamin wanita.
Gender                  As of 31 December 2024, there is no woman in the Company’s Board of Directors.

Independensi            4 dari 6 anggota Direksi tidak memiliki keterkaitan dengan Pemegang Saham Utama dan
Independence            Pengendali Perseroan.
                        4 out of 6 members of the Board of Directors has no relationships with the Company’s Major and
                        Controlling Shareholders.




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                                                              Tata Kelola Perusahaan / Corporate Governance




Program Pengenalan Dewan Komisaris                     Board of Commissioners and
dan Direksi                                            Board of Directors Orientation Program

Perseroan menyelenggarakan program pengenalan          The Company held orientation program for new
bagi anggota Dewan Komisaris dan Direksi baru          members of the Board of Commissioners and Board
untuk mempercepat adaptasi terhadap kondisi            of Directors to allow faster adaption to company’s
perusahaan. Pelaksanaan program ini menjadi            condition. The Corporate Secretary is responsible to
tanggung jawab Sekretaris Perusahaan, dengan           implement this program, with the following materials.
materi sebagai berikut.
1. Pelaksanaan       prinsip-prinsip   tata  kelola    1. Implementation of the principles of good
   perusahaan yang baik di Perseroan.                     corporate governance in the Company.
2. Gambaran mengenai Perseroan berkaitan               2. An overview of the Company in terms of objectives,
   dengan tujuan, sifat, dan lingkup kegiatan,            nature and scope of activities, financial and
   kinerja keuangan dan operasi, strategi, rencana        operational performance, strategy, short and
   usaha jangka pendek dan jangka panjang, posisi         long-term business plans, competitiveness, risk,
   kompetitif, risiko, pengendalian internal, dan         internal control, and other strategic issues.
   masalah-masalah strategis lainnya.
3. Keterangan berkaitan dengan kewenangan              3. Information related to delegation of authority,
   yang didelegasikan, audit internal dan eksternal,      internal and external audits, internal control
   sistem dan kebijakan pengendalian internal,            systems and policies, and the Audit Committee.
   serta Komite Audit.
4. Keterangan       mengenai     kewajiban,  tugas,    4. Information     on    the  obligations, duties,
   tanggung jawab, dan hak-hak Dewan Komisaris            responsibilities and rights of the Board of
   dan     Direksi,  serta    hal-hal   yang  tidak       Commissioners and the Board of Directors, as
   diperbolehkan.                                         well as prohibited things.
5. Pemahaman terkait dengan prinsip etika dan          5. Comprehension of the ethical principles and
   norma yang berlaku di lingkungan Perseroan             norms that apply within the Company and the
   serta masyarakat setempat.                             local community.

Program pengenalan Dewan Komisaris dan Direksi         The orientation program of the Board of
dapat dilaksanakan dalam bentuk presentasi,            Commissioners and Board of Directors can be in the
pertemuan, kunjungan ke fasilitas Perseroan,           form presentation, meeting, visit to the Company’s
kunjungan ke kantor-kantor cabang, pengkajian          facilities, visit to branch offices, review of Company
dokumen Perseroan, atau program lainnya sesuai         documents, or other programs as needed. Members
kebutuhan. Anggota Dewan Komisaris juga dapat          of the Board of Commissioners may also submit
mengajukan permintaan tertulis kepada Direksi          a written request to Board of Directors for special
untuk menyelenggarakan program pengenalan              orientation program for members of the Board of
khusus bagi anggota Dewan Komisaris yang baru          Commissioners recently appointed at the GMS.
diangkat dalam RUPS. Setiap pelaksanaan program        Every implementation of this program must be
harus didokumentasikan dengan mencatat tingkat         documented by recording of the level of attendance
kehadiran dan keaktifan peserta.                       and engagement of the participants.

Sepanjang     tahun 2024,  Perseroan   tidak           Throughout 2024, the Company did not conduct an
menyelenggarakan program pengenalan bagi               orientation program for members of the Board of
anggota Dewan Komisaris dan Direksi karena             Commissioners and Board of Directors, as no new
tidak ada pengangkatan anggota baru selama             members were appointed during this period.
periode tersebut.




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Penilaian Kinerja Dewan Komisaris,                      Performance Assessment of the Board
Direksi, dan Organ Pendukung                            of Commissioners, Board of Directors,
                                                        and Supporting Organs

Penilaian Kinerja Dewan Komisaris                       Board of Commissioners
                                                        Performance Assessment
Sebagai     upaya      meningkatkan       kinerja,      As an effort to improve performance, Board of
Dewan Komisaris melakukan penilaian berkala             Commissioners conducts periodic assessment
menggunakan metode self-assessment yang                 using self-assessment method by referring to
berpedoman pada kebijakan yang berlaku. Kriteria        the applicable policies. The assessment criteria
penilaian mencakup efektivitas pelaksanaan tugas        includes effectiveness in implementing the
dan tanggung jawab sesuai dengan peraturan              duties and responsibilities in line with laws and
perundang-undangan, Anggaran Dasar Perseroan,           regulations, Company’s Articles of Association, and
dan amanat Pemegang Saham. Hasil penilaian ini          Shareholders’ mandate. This assessment results
kemudian disampaikan kepada Pemegang Saham              are later submitted for review by Shareholders
dalam RUPS Tahunan untuk ditelaah.                      in the Annual GMS.

Selama tahun 2024, Dewan Komisaris telah                In 2024, the Board of Commissioners had done
menjalankan tugas dan tanggung jawabnya                 its duties and responsibilities following the Board
sesuai Board Manual. Hal ini terbukti dari intensitas   Manual. This was shown from intensity of suggestions
pemberian saran dan nasihat kepada Direksi              and advices to Board of Directors and effectiveness of
serta efektivitas pengawasan terhadap Perseroan         supervision to the Company and Board of Directors.
dan Direksi.

Penilaian Kinerja Direksi                               Board of Directors Performance Assessment
Kinerja anggota Direksi dievaluasi oleh Komite          The performance of members of the Board of Directors
Nominasi dan Remunerasi berdasarkan kriteria            was evaluated by Nomination and Remuneration
yang ditetapkan oleh Dewan Komisaris melalui Key        Committee based on the criteria set by the Board of
Performance Indicator (KPI), yaitu:                     Commissioners through Key Performance Indicator
                                                        (KPI), namely:
1.    Pencapaian target Perseroan yang tertuang         1. Achievement of the Company’s targets set out in
      dalam RKAP;                                          the Company’s RKAP;
2.    Kontribusi dalam aktivitas usaha Perseroan;       2. Contribution to the Company’s business activities;
3.    Komitmen dalam memajukan kepentingan              3. Commitment to advancing the interests of the
      Perseroan;                                           Company;
4.    Ketaatan terhadap peraturan perundang-            4. Compliance with applicable laws and regulations
      undangan yang berlaku serta kebijakan                and the Company’s policies; and
      Perseroan; dan
5.    Tingkat kehadiran dalam rapat Direksi maupun      5. Level of attendance at the meetings of the Board
      rapat-rapat dengan Dewan Komisaris.                  of Directors and joint meetings with the Board of
                                                           Commissioners.

Hasil penilaian kinerja Direksi, baik secara            Performance assessment results of the Board of
kolegial maupun individual, dilaporkan kepada           Directors, both collegially and individually, then
Dewan Komisaris untuk ditelaah lebih lanjut. Kinerja    reported to the Board of Commissioners for further
Direksi tercermin dari hasil pengelolaan Perseroan      analysis. Performance of the Board of Directors
selama tahun buku, baik dari segi operasional           were reflected from results of Company managed
maupun keuangan. Hasil penilaian ini berpengaruh        throughout the financial year, both in operational
pada pemberian remunerasi dan tunjangan                 and financial aspects. This assessment results affect
anggota Direksi, serta menjadi pertimbangan bagi        the remuneration or allowances given to members
Pemegang Saham dalam keputusan tentang masa             of Board of Directors, and used as consideration
jabatan Direksi.                                        for Shareholders to decide the term of office of
                                                        Board of Directors.




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                                                             Tata Kelola Perusahaan / Corporate Governance




Pada tahun 2024, Direksi telah memaksimalkan          In 2024, the Board of Directors had optimized its
tugas dan tanggung jawabnya, terlihat dari kinerja    implementation of duties and responsibilities, seen
operasional dan keuangan yang terjaga dengan          in the well-maintained operational and financial
baik. Direksi juga memastikan kepatuhan terhadap      performances. The Board of Directors also ensured
peraturan yang berlaku dan melaksanakan rapat         compliance with applicable regulations, and
sesuai ketentuan.                                     meetings according to the regulations.

Penilaian Terhadap Kinerja Komite                     Assessment of the Performance of
Pendukung Dewan Komisaris                             the Supporting Committees of
                                                      the Board of Commissioners
Dewan Komisaris secara berkala melakukan penilaian    The Board of Commissioners periodically assess the
kinerja terhadap Komite Audit, Komite Nominasi dan    performance of the Audit Committee, Nomination
Remunerasi, Komite Manajemen Risiko dan Investasi,    and Remuneration Committee, Risk Management
serta Komite Keberlanjutan Usaha dan Tanggung         and Investment Committee, as well as the
Jawab Sosial Perusahaan. Penilaian ini bertujuan      Sustainability and Corporate Social Responsibility
untuk memastikan setiap komite menjalankan            Committee. These assessments seek to ensure that
fungsinya dengan baik dan mendorong peningkatan       each committee is implementing its functions well
tata kelola di internal perusahaan.                   and to improve the company’s internal governance.

Kriteria penilaian didasarkan pada aspek kehadiran    The assessment criteria are based on the meeting
rapat, keaktifan dalam rapat, dan pencapaian target   attendance, engagement in meetings, and
kerja. Selama tahun 2024, Dewan Komisaris menilai     achievement of work targets. Throughout 2024,
bahwa seluruh komite telah menjalankan tugas dan      the Board of Commissioners considered all of
tanggung jawabnya dengan baik, efektif, dan sesuai    committees had carried out their duties and
dengan pedoman kerja yang berlaku.                    responsibilities well and in accordance with the
                                                      applicable work policy.

Penilaian Terhadap Kinerja Komite                     Assessment of the Performance of
Pendukung Direksi                                     the Supporting Committees of
                                                      the Board of Directors
Hingga Desember 2024, Direksi Perseroan belum         As of December 2024, no supporting committee
membentuk komite pendukung. Oleh karena               established by the Company’s Board of Directors.
itu, tidak terdapat informasi terkait penilaian       Hence, there is no information on the performance
kinerja komite pendukung Direksi dalam Laporan        assessment of the supporting committee of the
Tahunan ini.                                          Board of Directors in this Annual Report.



Kebijakan Nominasi dan Remunerasi                     Nomination and Remuneration Policy

Kebijakan Nominasi                                    Nomination Policy
Proses nominasi menjadi tanggung jawab Komite         The nomination process is the responsibility
Nominasi dan Remunerasi diterapkan oleh               of the Nomination and Remuneration Committee set
Perseroan untuk melaksanakan proses pencalonan        by the Company to carry out the nomination and
dan pemilihan anggota Dewan Komisaris, Direksi,       selection of members of the Board of Commissioners,
dan manajemen kunci lainnya secara objektif dan       Board of Directors and other key management
transparan. Komite Nominasi dan Remunerasi            objectively and transparently. The Nomination and
akan mengusulkan kandidat yang memenuhi               Remuneration Committee will propose qualified
syarat kepada Dewan Komisaris untuk kemudian          candidates to the Board of Commissioners, which will
diajukan pada RUPS. Calon anggota Direksi atau        then present them to the AGMS. Candidates for the
Dewan Komisaris dapat berasal dari pihak eksternal    Board of Directors or Board of Commissioners may
maupun internal perusahaan melalui mekanisme          be sourced from external or internal parties within the
suksesi.                                              Company through a succession mechanism.




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Kandidat yang lolos dalam proses nominasi harus       Candidates who pass the nomination process must
memenuhi persyaratan formal, materiil, dan            meet the formal, substantive, and other requirements
persyaratan lain yang tercantum dalam Pedoman         outlined in the Board of Commissioners and Board
Tata Laksana Kerja Dewan Komisaris dan Direksi        of Directors Work Implementation Guidelines (Board
(Board Manual). Hal ini untuk memastikan bahwa        Manual). This ensures that all candidates possess
semua calon memiliki kualifikasi yang sesuai dengan   qualifications that comply with applicable standards
standar dan peraturan yang berlaku, serta mampu       and regulations and are capable of effectively
menjalankan tugas dan tanggung jawabnya               carrying out their duties and responsibilities.
dengan baik.

Kebijakan Remunerasi                                  Remuneration Policy
Komite Nominasi dan Remunerasi telah menetapkan       The Nomination and Remuneration Committee
kebijakan remunerasi bagi Dewan Komisaris dan         prepares the remuneration policy for the Board of
Direksi yang mengacu pada peraturan perundang-        Commissioners and Board of Directors by referring
undangan dan Anggaran Dasar Perseroan, dengan         to the laws and regulations and Company’s Articles
memperhatikan beberapa kondisi berikut.               of Association, by considering following conditions.
1. Remunerasi yang berlaku pada industri sejenis.     1. Remuneration that applied to similar industries.
2. Tugas, tanggung jawab, dan wewenang                2. Duties, responsibilities and authorities of the
    anggota Dewan Komisaris dan Direksi yang              members of Board of Commissioners and
    dikaitkan dengan pencapaian tujuan dan kinerja        Board of Directors related to the achievement of
    Perseroan.                                            Company’s goals and performance.
3. Target kinerja atau kinerja masing-masing          3. Performance targets or performance of each
    anggota Dewan Komisaris dan Direksi.                  member of the Board of Commissioners and
                                                          Board of Directors.
4. Keseimbangan tunjangan antara yang bersifat        4. Balance between fixed remuneration and variable
   tetap dan variabel.                                    remuneration.

Selain itu, Dewan Komisaris menentukan besaran        The Board of Commissioners also determine the
dan jenis remunerasi (gaji, fasilitas, tunjangan      amount and remuneration types (salary, facility, other
lainnya, dan/atau insentif) bagi anggota Direksi      allowances and/or incentives) for Board of Directors
dengan mempertimbangkan rekomendasi dari              members by considering the recommendations
Komite Nominasi dan Remunerasi. Sementara             from the Nomination and Remuneration Committee.
itu, besaran dan jenis remunerasi (honorarium,        Meanwhile, Shareholders determine the amount
tunjangan, atau fasilitas lain, termasuk santunan     and remuneration types (honorarium, allowances or
purna jabatan) bagi anggota Dewan Komisaris           other facilities, including post-service compensation)
menjadi kewenangan Pemegang Saham, yang               for Board of Commissioners members in the Annual
diputuskan dalam RUPS Tahunan.                        GMS.

Besaran Remunerasi                                    Amount of Remuneration
Besaran remunerasi yang diterima oleh masing-         Amount of remuneration received by each member
masing anggota Dewan Komisaris dan Direksi            of the Board of Commissioners and Board of Directors
selama tahun 2024 diungkapkan sebagai berikut.        throughout 2024 is disclosed as follows.


                                                                     Jumlah Remunerasi
                         Jabatan
                                                                    Remuneration Amount
                         Position
                                                                            (Rp)

Dewan Komisaris
                                                                           7.218.070.718
Board of Commissioners
Direksi
                                                                         14.904.041.914
Board of Directors




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KOMITE AUDIT
  Audit Committee

Komite Audit merupakan komite pendukung             Audit Committee is the Board of Commissioners
Dewan Komisaris yang bertugas mengawasi             supporting committee tasked to oversee financial
informasi  keuangan,   pengendalian internal,       information, internal control, risk management, and
pengelolaan risiko, dan kepatuhan terhadap          compliance to the applicable laws dan regulations.
perundang-undangan yang berlaku.



Pedoman Kerja                                       Work Policy

Piagam Komite Audit ditetapkan pada tanggal         The Audit Committee Charter was established
29 November 2021. Piagam ini ditinjau dan dikaji    on 29 November 2021. This charter is reviewed
secara berkala, dengan pembaruan terakhir           and evaluated periodically, with the latest update
pada 24 November 2023 sesuai dengan Peraturan       on 24 November 2023, in accordance with
Otoritas Jasa Keuangan No. 55/POJK.04/2015,         the   Financial    Services     Authority  Regulation
No. 56/POJK.04/2015, dan No. 13/POJK.03/2017        No. 55/POJK.04/2015, No. 56/POJK.04/2015, and
Pedoman kerja ini menjadi panduan bagi anggota      No. 13/POJK.03/2017. This guideline serves as a
komite dalam menjalankan tugas, tanggung            reference for committee members in carrying
jawab, dan wewenangnya secara profesional           out their duties, responsibilities, and authority in a
sesuai dengan ketentuan peraturan perundang-        professional manner, in compliance with applicable
undangan yang berlaku. Piagam tersebut dapat        laws and regulations. The charter can be accessed
diakses melalui situs web Perseroan.                through the Company’s website.



Komposisi dan Independensi                          Composition and Independence

Komposisi                                           Composition
Komposisi Komite Audit terdiri dari seorang ketua   The Audit Committee consisted one chairman served
yang dijabat oleh Komisaris Independen dan          by the Independent Commissioner and 2 members
2 anggota yang berasal dari luar Perseroan. Masa    from outside the Company. The term of office of
jabatan anggota Komite Audit tidak melebihi masa    Audit Committee members is not exceeding the
jabatan anggota Dewan Komisaris dan/atau dapat      term of office of Board of Commissioners members
diberhentikan sewaktu-waktu sesuai keputusan        and/or can be dismissed any time following Board
Dewan Komisaris, dengan memperhatikan kebijakan     of Commissioners’ decision, by considering the
yang berlaku. Selama tahun 2024, tidak terjadi      applicable policy. In 2024, there was no change
perubahan dalam komposisi anggota Komite            in the composition of members of the Company’s
Audit Perseroan.                                    Audit Committee.




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Independensi                                                      Independence
Seluruh     anggota    Komite     Audit   senantiasa              All Audit Committee members always avoid conflict
menghindari benturan kepentingan, menjunjung                      of interest, uphold the independence principle,
tinggi prinsip independensi, dan kehati-hatian dalam              and prudence in carrying out their duties and
melaksanakan tugas dan tanggung jawabnya.                         responsibilities. This commitment is shown by
Komitmen ini dibuktikan dengan pemenuhan aspek                    fulfilling the following independence aspects.
independensi berikut.


                                                                              Iwa Kartiwa       Djalaludin          Iman
                                                                                Hudaya           Djaprie           Subekti
                                 Aspek Independensi
                                Independence Aspect
                                                                                Ketua            Anggota          Anggota
                                                                               Chairman          Member           Member

Tidak memiliki hubungan keuangan dengan Dewan Komisaris dan Direksi.
Does not have financial relationship with the Board of Commissioners
and Board of Directors.

Tidak memiliki hubungan kepengurusan dengan Pemegang Saham,
Entitas Anak, maupun perusahaan afiliasi.
Does not have a management relationship with Shareholders,
Subsidiaries, or affiliated companies.

Tidak memiliki hubungan kepemilikan saham di Perseroan.
Does not have a share ownership relationship in the Company.

Tidak memiliki hubungan keluarga dengan Dewan Komisaris, Direksi,
dan/atau sesama anggota Komite Audit.
Does not have a family relationship with the Board of Commissioners,
Board of Directors and/or other members of the Audit Committee.

 : Terpenuhi / Fulfilled |   : Tidak terpenuhi / Not fulfilled




Profil Komite Audit
Audit Committee Profile




Iwa Kartiwa
Hudaya
Ketua
Chairman


  Periode dan Dasar Pengangkatan                                      Period and Basis of Appointment

  • 2022-2024:   Surat   Keputusan    Dewan       Komisaris           • 2022-2024: Decree of the Board of Commissioners
    No. 05/SK-DEKOM/TPA/V/2022 tanggal 27 Mei 2022; serta               No. 05/SK-DEKOM/TPA/V/2022 dated 27 May 2022; and
  • 2024-2027:   Surat   Keputusan    Dewan       Komisaris           • 2024-2027: Decree of the Board of Commissioners
    No. 02/SK-DEKOM/TPA/IV/2024 tanggal 25 April 2024.                  No. 02/SK-DEKOM/TPA/IV/2024 dated 25 April 2024.

                Profil dapat dilihat pada Profil Dewan Komisaris bab Profil Perusahaan dalam Laporan Tahunan ini.
      His profile can be found in the Board of Commissioners Profile in the Company Profile chapter in this Annual Report.




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Djalaludin
Djaprie
Anggota
Member


Warga Negara Indonesia, berusia 76 tahun, berdomisili di Jakarta.
Indonesian Citizen, 76 years old, domiciled in Jakarta.




   Periode dan Dasar Pengangkatan                                   Period and Basis of Appointment

   • 2021-2024:   Surat   Keputusan    Dewan       Komisaris        • 2021-2024: Decree of the Board of Commissioners
     No. 01/SK-DEKOM/TPA/XI/2021 tanggal 29 November 2021;            No. 01/SK-DEKOM/TPA/XI/2021 dated 29 November 2021;
     serta                                                            and
   • 2024-2027:   Surat   Keputusan    Dewan       Komisaris        • 2024-2027: Decree of the Board of Commissioners
     No. 02/SK-DEKOM/TPA/IV/2024 tanggal 25 April 2024.               No. 02/SK-DEKOM/TPA/IV/2024 dated 25 April 2024.


   Riwayat Pendidikan                                               Education History

   Meraih gelar Sarjana Ekonomi dari Universitas Indonesia          Bachelor of Economics from Universitas Indonesia (1976).
   (1976).


   Pengalaman Kerja                                                 Work Experience

   Memiliki pengalaman selama 50 tahun di berbagai                  50 years of experience in various sectors, especially
   bidang, khususnya perkebunan. Kariernya dimulai di               plantations. His career began at PT Pfizer Indonesia
   PT Pfizer Indonesia (1972-1980), PT Resources Jaya - Teknik      (1972-1980), PT Resources Jaya - Teknik Management Ind
   Management Ind (1980-1983), PT John Holland Construction         (1980-1983), PT John Holland Construction Ind (1983), and
   Ind (1983), dan PT Bredero Price Ind (1983-1988). Beliau         PT Bredero Price Ind (1983-1988). He served as Vice President
   pernah menjabat sebagai Vice President Finance and               Finance and Administration Salim Plantation (1988-2001)
   Administration Salim Plantation (1988-2001) dan Vice             and Vice President HRM Minamas Plantation (2001-2004).
   President HRM Minamas Plantation (2001-2004). Selanjutnya,       Later, he joined the Company with the last position
   beliau bergabung dengan Perseroan dengan jabatan                 as Board of Advisor (2005-2020). Currently, he did not hold
   terakhir sebagai Board of Advisor (2005-2020). Saat ini,         concurrent positions in the Company and Subsidiaries or
   beliau tidak merangkap jabatan baik di Perseroan dan             other public companies.
   Entitas Anak ataupun perusahaan publik lain.


   Hubungan Afiliasi                                                Affiliation Relationships

   Tidak memiliki hubungan afiliasi dengan anggota                  Has no affiliated relationships with members of the Board
   Dewan Komisaris, anggota Direksi, serta Pemegang                 of Commissioners, members of the Board of Directors, and
   Saham Pengendali.                                                Controlling Shareholders.




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Iman
Subekti
Anggota
Member


Warga Negara Indonesia, berusia 52 tahun, berdomisili di Jakarta.
Indonesian Citizen, 52 years old, domiciled in Jakarta.




   Periode dan Dasar Pengangkatan                                   Period and Basis of Appointment

   • 2021-2024:   Surat   Keputusan    Dewan       Komisaris        • 2021-2024: Decree of the Board of Commissioners
     No. 01/SK-DEKOM/TPA/XI/2021 tanggal 29 November 2021;            No. 01/SK-DEKOM/TPA/XI/2021 dated 29 November 2021;
     serta                                                            and
   • 2024-2027:   Surat   Keputusan    Dewan       Komisaris        • 2024-2027: Decree of the Board of Commissioners
     No. 02/SK-DEKOM/TPA/IV/2024 tanggal 25 April 2024.               No. 02/SK-DEKOM/TPA/IV/2024 dated 25 April 2024.


   Riwayat Pendidikan                                               Education History

   Meraih gelar Sarjana Ekonomi dari Universitas Indonesia dan      Bachelor of Economics from Universitas Indonesia and holds
   memiliki sertifikasi profesi Certified Management Accountant     a Certified Management Accountant (CMA) professional
   (CMA) dari Institute of Certified Management Accountant,         certification from Institute of Certified Management
   Australia, Chartered Accountant (CA) dari Ikatan Akuntan         Accountant, Australia, a Chartered Accountant (CA) from
   Indonesia, Chartered Accountants Worldwide dan Lean              Institute of Indonesia Chartered Accountants, Chartered
   Six Sigma Green Belt (LSSGB) dari General Electric, serta        Accountants Worldwide and Lean Six Sigma Green Belt
   Certification    in Audit Committee Practices dari Ikatan        (LSSGB) from General Electric, as well Certification in Audit
   Komite Audit Indonesia.                                          Committee Practices from Indonesian Audit Committee
                                                                    Association.

   Pengalaman Kerja                                                 Work Experience

   Memiliki pengalaman lebih dari 20 tahun di bidang keuangan       20+ years of experience in finance and auditing. His career
   dan audit. Kariernya dimulai di Kantor Akuntan Publik KPMG       began at KPMG and Ernst & Young Public Accounting
   dan Ernst & Young (1997-2004). Kemudian, menduduki               Firm (1997-2004). Later, held strategic positions in several
   jabatan strategis di beberapa perusahaan, seperti Direktur       companies, such as WPP Group Director & Commissioner
   & Komisaris WPP Group (2016-2018), Head Finance Herbalife        (2016-2018), Head Finance Herbalife (2014-2016), Head
   (2014-2016), Head Finance GE Power & Water (2012-2014),          Finance GE Power & Water (2012-2014), as well as several
   serta beberapa posisi manajerial dengan jabatan terakhir         managerial positions with last position as Lead Corporate
   sebagai Lead Corporate Audit Medco Energi (2006-2012).           Audit Medco Energi (2006-2012). Currently, he did not hold
   Saat ini, beliau tidak merangkap jabatan baik di Perseroan       concurrent positions in the Company and Subsidiaries or
   dan Entitas Anak ataupun perusahaan publik lain.                 other public companies.

   Hubungan Afiliasi                                                Affiliation Relationships

   Tidak memiliki hubungan afiliasi dengan anggota                  Has no affiliated relationships with members of the Board
   Dewan Komisaris, anggota Direksi, serta Pemegang                 of Commissioners, members of the Board of Directors, and
   Saham Pengendali.                                                Controlling Shareholders.




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Tugas dan Tanggung Jawab
Duties and Responsibilities

              Tugas dan Tanggung Jawab                             Pelaksanaan Tugas dan Tanggung Jawab Tahun 2024
               Duties and Responsibilities                         Implementation of Duties and Responsibilities in 2024

Menelaah informasi keuangan yang akan dikeluarkan              Mengawasi dan menelaah penyusunan Laporan Keuangan
Perseroan ke publik dan/atau pihak otoritas, seperti           Tahun 2023 dan Laporan Keuangan Triwulanan 2024.
Laporan Keuangan, proyeksi, dan laporan lainnya terkait
dengan informasi keuangan Perseroan.
Analyzing the financial information to be released by the      Supervised and analyzed the preparation of 2023 Financial
Company to public and/or authorities, such as Financial        Report and 2024 Quarterly Financial Statements.
Statements, projections, and other reports related to the
Company’s financial information.

Menelaah pengaduan yang berkaitan dengan proses
akuntansi dan pelaporan keuangan Perseroan.
Analyzing grievances related to the Company’s accounting
and financial reporting processes.

Menelaah ketaatan pada peraturan perundang-undangan            Melakukan penelaahan atas ketaatan terhadap peraturan
yang berhubungan dengan kegiatan Perseroan.                    perundang-undangan yang berkaitan dengan aktivitas
                                                               bisnis Perseroan. Selama tahun 2024, Perseroan telah
                                                               menyesuaikan perkembangan peraturan perundang-
                                                               undangan yang berlaku dengan kebijakan internal.
Analyzing compliance with laws and regulations related to      Reviewing compliance with laws and regulations relating to
the Company’s activities.                                      the Company’s business activities. In 2024, the Company has
                                                               adjusted developments in applicable laws and regulations
                                                               with internal policies.

Memberikan pendapat independen dalam hal terjadi               Memberikan pendapat independen dan profesional kepada
perbedaan pendapat antara manajemen dan akuntan                Dewan Komisaris, terutama mengenai audit internal ataupun
publik atas jasa yang diberikannya.                            eksternal terkait pelaporan keuangan, serta hal lain yang
Providing an independent opinion if there is a difference of   dilaporkan Direksi kepada Dewan Komisaris. Pendapat
opinion between the management and public accountant           tersebut disampaikan dalam pelaksanaan rapat gabungan.
for the services rendered.                                     Sepanjang tahun 2024, tidak terdapat perbedaan pendapat
                                                               antara manajemen dengan audit eksternal.
Menelaah atas kecukupan pemeriksaan yang dilakukan             Provided independent and professional opinions to Board of
oleh akuntan publik.                                           Commissioners, especially on internal and external audits
Analyzing the adequacy of audits conducted by public           related to financial reporting, and other issues reported
accountants.                                                   by the Board of Directors to Board of Commissioners. This
                                                               opinion was conveyed in joint meeting. Throughout 2024,
                                                               there was no difference of opinion between management
                                                               and external audit.

Memberikan rekomendasi pada Dewan Komisaris                    Memberikan rekomendasi penunjukan Akuntan Publik Dede
mengenai penunjukan akuntan publik yang didasarkan             Rusli dari Kantor Akuntan Publik Purwantono, Sungkoro &
pada independensi, ruang lingkup penugasan, dan                Surja untuk periode 2024 dengan mempertimbangkan
imbalan jasa.                                                  independensi, ruang lingkup, penugasan, dan fee.
Providing recommendations to the Board of Commissioners        Provided recommendation for the appointment of Public
on the appointment of a public accountant based on             Accountant Dede Rusli from Purwantono, Sungkoro & Surja
independence, scope of assignment, and fee.                    Public Accounting Firm for the 2024 period by considering the
                                                               independence, scope, assignment, and fee.
Menelaah independensi dan objektivitas akuntan publik.
Analyzing the independence and objectivity of public
accountants.

Menelaah pelaksanaan pemeriksaan oleh auditor internal         •    Menelaah independensi dan objektivitas, serta kecukupan
dan mengawasi pelaksanaan tidak lanjut oleh Direksi atas            pemeriksaan akuntan publik bersama Unit Audit Internal
temuan auditor internal.                                            untuk proses audit Laporan Keuangan tahun buku 2024.
                                                               •    Menelaah temuan audit internal serta memantau tindak
                                                                    lanjut yang dilaksanakan oleh Direksi dan unit di bawahnya.
                                                                    Hasil penelaahan tersebut kemudian disampaikan kepada
                                                                    Dewan Komisaris.
Analyzing the implementation of audit by internal auditors     •    Analyzed the independence, objectivity, and adequacy
and overseeing the follow-up implementation by the Board            of public accountant audit with Internal Audit Unit for the
of Directors on the findings of the internal auditors.              audit of Financial Statements for the 2024 financial year.
                                                               •    Analyzed internal audit findings and monitored follow-up
                                                                    actions carried out by Board of Directors and its supporting
                                                                    units. Analysis results were then submitted to the Board of
                                                                    Commissioners.




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             Tugas dan Tanggung Jawab                          Pelaksanaan Tugas dan Tanggung Jawab Tahun 2024
              Duties and Responsibilities                      Implementation of Duties and Responsibilities in 2024

Menyampaikan laporan hasil penelaahan kepada seluruh          Menyampaikan laporan penelaahan, yaitu Laporan Keuangan
anggota Dewan Komisaris Perseroan setelah selesainya          2023 dan Laporan Triwulanan 2024, pengendalian atau proses
laporan hasil penelaahan yang dilakukan oleh Komite           audit eksternal kepada Dewan Komisaris.
Audit.
Reporting the analysis results to members of the Company’s    Submitting review reports, including the 2023 Financial
Board of Commissioners after the completion of the analysis   Statements and 2024 Quarterly Reports, as well as external
result conducted by the Audit Committee.                      control or audit processes, to the Board of Commissioners.


Menelaah dan memberikan saran kepada Dewan Komisaris          Melakukan identifikasi dan pengawasan mengenai situasi
terkait dengan adanya potensi benturan kepentingan            dan hubungan afiliasi di dalam lingkungan Perseroan, serta
Perseroan.                                                    memberikan saran kepada Dewan Komisaris jika terjadinya
                                                              potensi benturan kepentingan. Selama tahun 2024, tidak
                                                              ditemukannya potensi benturan kepentingan terhadap
                                                              Dewan Komisaris.
Analyzing and providing advice to the Board of                Identified and monitored the situation and affiliation
Commissioners on the potential conflict of interest of the    relationships within the Company, and provided advice
Company.                                                      to Board of Commissioners if there is a potential conflict of
                                                              interest. In 2024, there was no potential conflict of interest with
                                                              Board of Commissioners.

Menjaga kerahasiaan dokumen, data, dan informasi              Memastikan kerahasiaan dokumen, data, dan informasi
Perseroan.                                                    Perseroan selama proses audit secara efektif.
Maintaining the confidentiality of Company’s documents,       Ensuring the confidentiality of the company’s documents,
data, and information.                                        data, and information throughout the audit process effectively.




Wewenang                                                         Authority

Selain melaksanakan tugas dan tanggung jawab,                    Other than carrying out its duties and responsibilities,
Komite Audit memiliki wewenang yang diatur dalam                 Audit Committee also has the authority governed
Piagam Komite Audit. Pada tahun 2024, Komite Audit               under the Audit Committee Charter. In 2024, the
menjalankan wewenang tersebut dengan baik dan                    Audit Committee exercised this authority well and
bertanggung jawab, tanpa mengalami kendala atau                  responsibly, without any obstacles or intervention
intervensi dari pihak mana pun. Wewenang tersebut                from any party. Included in this authority are:
meliputi:
1. Mengakses dokumen, data, dan informasi                        1. Accessing Company’s documents, data, and
    Perseroan terkait karyawan, dana, aset, dan                     information pertaining the employees, funds,
    sumber daya perusahaan yang diperlukan;                         assets, and necessary company resources;
2. Berkomunikasi langsung dengan karyawan,                       2. Communicating         directly  with   employees,
    termasuk Direksi dan pihak yang menjalankan                     including Board of Directors and parties
    fungsi audit internal, manajemen risiko, dan                    conducting the internal audit, risk management,
    akuntan terkait tugas dan tanggung jawab                        and accountant functions related to duties and
    Komite Audit;                                                   responsibilities of Audit Committee;
3. Melibatkan pihak independen di luar anggota                   3. Involving independent parties outside Audit
    Komite Audit yang diperlukan untuk membantu                     Committee members as needed to assist in
    pelaksanaan tugasnya (jika diperlukan); serta                   running its duties (if necessary); and
4. Melakukan kewenangan lain yang diberikan oleh                 4. Exercising any other authorities granted by the
    Dewan Komisaris.                                                Board of Commissioners.




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Rapat                                                      Meetings

Komite Audit mengadakan rapat setidaknya sekali            The Audit Committee held meeting at least once
setiap 3 bulan, dengan kehadiran lebih dari ½ jumlah       every 3 months, attended by more than ½ of its
anggota. Sepanjang tahun 2024, Komite Audit telah          members. Throughout 2024, the Audit Committee
menyelenggarakan rapat sebanyak 4 kali, dengan             held 4 meetings, with the level of attendance
tingkat kehadiran diungkapkan dalam tabel berikut.         disclosed in the below table.


        Nama                     Jabatan                 Total Rapat          Kehadiran
                                                                                                       %
        Name                     Position               Total Meetings        Attendance

                       Ketua
Iwa Kartiwa Hudaya                                            4                     4                100,0
                       Chairman

                       Anggota
Djalaludin Djaprie                                            4                     4                100,0
                       Member

                       Anggota
Iman Subekti                                                  4                     4                100,0
                       Member

Rata-rata Kehadiran Rapat
                                                                                                     100,0
Average Meeting Attendance


Agenda Rapat                                               Meeting Agenda
Pada tahun 2024, agenda rapat Komite Audit                 In 2024, the following agenda were discussed in the
Perseroan membahas mengenai:                               Company’s Audit Committee meetings:
1. Pembahasan hasil audit AP dan KAP atas Laporan          1. Discussion of the audit results by the AP and KAP
   Keuangan Konsolidasian Perseroan dan Entitas                on the Company and its Subsidiaries’
   Anak untuk tahun buku yang berakhir pada                    Consolidated Financial Statements for the fiscal
   31 Desember 2023;                                           year ending 31 December 2023;
2. Peninjauan dan penilaian kinerja akuntan publik         2. Review and evaluation of the performance
   (AP) dan kantor akuntan publik (KAP) terkait audit          of the public accountant (AP) and public
   Laporan Keuangan Konsolidasian Perseroan dan                accounting firm (KAP) in relation to the audit of
   Entitas Anak untuk tahun buku yang berakhir                 the Company’s and its Subsidiaries’ Consolidated
   pada 31 Desember 2023;                                      Financial Statements for the fiscal year ending
                                                               31 December 2023;
3. Pemaparan     dan     pembahasan       Laporan          3. Presentation and discussion of the Company’s
   Keuangan Tengah Tahunan Perseroan untuk                     Mid-Year Financial Statements for the period
   periode yang berakhir pada 30 Juni 2024 serta               ending 30 June 2024, along with a comparison
   perbandingannya dan kesesuaiannya antara                    and alignment between the budget and the actual
   anggaran dan realisasi periode Juni 2024; serta             results for the period ending June 2024; and
4. Pembahasan      mengenai     keputusan     RUPS         4. Discussion on the resolutions of the Annual
   Tahunan yang memberikan rekomendasi kepada                  General Meeting of Shareholders that provide
   Dewan Komisaris terkait penunjukkan AP dan KAP              recommendations to the Board of Commissioners
   untuk mengaudit Laporan Keuangan Tahunan                    regarding the appointment of the AP and KAP to
   Perseroan untuk tahun buku yang berakhir pada               audit the Company’s Annual Financial Statements
   31 Desember 2024.                                           for the fiscal year ending 31 December 2024.




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Pengembangan Kompetensi                                        Competence Development

Perseroan memfasilitasi program pengembangan                   The     Company      is  facilitating competence
kompetensi untuk mendorong efektivitas dan                     development program to boost the effectiveness
kinerja Komite Audit, serta memastikan komite ini              and performance of the Audit Committee, while
memahami tren, tantangan, dan perkembangan                     ensuring this committee understands the latest
terbaru yang terjadi di industri. Sepanjang tahun              trend, challenges, and development occurring in the
2024, Perseroan telah melaksanakan program                     industry. Throughout 2024, the Company has held
pengembangan kompetensi bagi anggota Komite                    competence development program for members of
Audit sebagai berikut.                                         the Audit Committee as follows.


                                                                      Tempat/Sarana dan
    Nama           Jabatan             Topik Pelatihan                  Waktu Pelatihan           Penyelenggara
    Name           Position            Topic of Training              Location/Facility and         Organizer
                                                                        Period of Training

                                                                                                  Internal Perseroan
                                 Breaking The Wall: Who Wants              Balikpapan,
                                                                                                  Company Internal
                                     to be a Transformers?                 24 May 2024
                                                                                                   (TPA Conference)

Iwa Kartiwa      Ketua              Penerapan Anti-Korupsi,
Hudaya           Chairman     Anti-Penyuapan, dan Praktik Perilaku
                                  Usaha Beretika di Perusahaan               Jakarta,             Internal Perseroan
                               Implementation of Anti-Corruption,       29 November 2024          Company Internal
                                Anti-Bribery, and Ethical Business
                                    Practices in the Company

                                                                                                  Internal Perseroan
                                 Breaking The Wall: Who Wants              Balikpapan,
                                                                                                  Company Internal
                                     to be a Transformers?                 24 May 2024
                                                                                                   (TPA Conference)

Djalaludin       Anggota            Penerapan Anti-Korupsi,
Djaprie          Member       Anti-Penyuapan, dan Praktik Perilaku
                                  Usaha Beretika di Perusahaan               Jakarta,             Internal Perseroan
                               Implementation of Anti-Corruption,       29 November 2024          Company Internal
                                Anti-Bribery, and Ethical Business
                                    Practices in the Company

                                                                              Jakarta,         PricewaterhouseCoopers
                                   PMK 172 on Transfer Pricing
                                                                         16 February 2024               (PwC)
                                         Digital CFO Asia
                                                                      Jakarta, 7 March 2024        Digital CFO Asia
                                        Symposium 2024
                                    Driving Economic Value
                                                                      Jakarta, 25 April 2024          CFO Club
                                     Across Trade System

                                                                                                  Internal Perseroan
                                 Breaking The Wall: Who Wants              Balikpapan,
                                                                                                  Company Internal
                                     to be a Transformers?                 24 May 2024
                                                                                                   (TPA Conference)

                                Indonesia Miner Conference 2024       Jakarta, 4-6 June 2024       Indonesia Miner

                 Anggota          Future CFO Conference 2024           Jakarta, 25 July 2024          CXOCIETY
Iman Subekti
                 Member
                                                                                                    Ikatan Komite
                                 Sertifikasi Certifcation in Audit           Jakarta,              Audit Indonesia
                                  Committee Practices (CACP)             6-8 August 2024          Audit Committee
                                                                                                     of Indonesia
                                                                             Jakarta,
                                       CFO Stratech 2024                                               NetNex
                                                                        12 September 2024
                                                                                                 Certified Practising
                                                                             Jakarta,
                                Avoiding IFRS 17 Auditing Pitfalls                               Accountants (CPA)
                                                                         29 October 2024
                                                                                                      Australia
                                                                                               Innovation Networking
                                      Biomass & Bioenergy                    Jakarta,
                                                                                               Brainstorm Connection
                                        Asia Summit 2024               30-31 October 2024
                                                                                                    (INBC) Global




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KOMITE NOMINASI DAN REMUNERASI
  Nomination and Remuneration Committee


Komite Nominasi dan Remunerasi merupakan           Nomination and Remuneration Committee is the
komite    pendukung    Dewan Komisaris  yang       supporting committee of Board of Commissioners
berfungsi membantu proses pencalonan kandidat      assisting with the candidate nomination process
dan menentukan remunerasi bagi anggota             and determine remuneration for the Board of
Dewan Komisaris dan Direksi.                       Commissioners and Board of Directors.



Pedoman Kerja                                      Work Policy

Piagam     Komite  Nominasi    dan   Remunerasi    The Nomination and Remuneration Committee
ditetapkan pada tanggal 29 November 2021. Piagam   Charter was established on 29 November 2021. This
ini ditinjau dan dikaji secara berkala, dengan     charter is reviewed and evaluated periodically,
pembaruan terakhir pada 24 November 2023           with the latest update on 24 November 2023, in
sesuai dengan Peraturan Otoritas Jasa Keuangan     accordance with the Financial Services Authority
No. 34/POJK.04/2014. Pedoman kerja ini menjadi     Regulation No. 34/POJK.04/2014. This guideline serves
panduan bagi anggota komite dalam menjalankan      as a reference for committee members in carrying
tugas, tanggung jawab, dan wewenangnya secara      out their duties, responsibilities, and authority in a
profesional sesuai dengan ketentuan peraturan      professional manner, in compliance with applicable
perundang-undangan yang berlaku.                   laws and regulations.



Komposisi dan Independensi                         Composition and Independence

Komposisi                                          Composition
Komposisi Komite Nominasi dan Remunerasi           The Composition of Company’s Nomination and
Perseroan terdiri dari:                            Remuneration Committee is as follows:
1. Seorang Komisaris Independen yang menjabat      1. One Independent Commissioner who serves as a
   sebagai ketua;                                     chairman;
2. Seorang Komisaris Utama yang menjabat           2. One President Commissioner who serves as a
   sebagai anggota; serta                             member; and
3. Seorang pihak dengan jabatan manajerial di      3. One person holding a managerial position
   bawah Direksi yang membidangi sumber daya          under the Board of Directors in charge of human
   manusia sebagai anggota.                           resources as a member.

Masa jabatan anggota komite ini tidak melebihi     Term of office of members of this committee
masa jabatan anggota Dewan Komisaris dan/atau      is not exceeding the term of office of Board of
dapat    diberhentikan   sewaktu-waktu   sesuai    Commissioners members and/or can be dismissed
keputusan Dewan Komisaris dengan memperhatikan     any time following Board of Commissioners’ decision,
kebijakan yang berlaku. Selama tahun 2024, tidak   by considering the applicable policy. In 2024, there
terjadi perubahan komposisi anggota Komite         was no change in composition of members of
Nominasi dan Remunerasi Perseroan.                 the Company’s Nomination and Remuneration
                                                   Committee.

Independensi                                       Independence
Anggota Komite Nominasi dan Remunerasi             Nomination      and      Remuneration    Committee
senantiasa menghindari benturan kepentingan,       members always avoid conflict of interest, uphold
menjunjung tinggi prinsip independensi, dan        the independence principle, and carrying out their
melaksanakan tugas dan tanggung jawabnya           duties and responsibilities with prudence. If there is
dengan kehati-hatian. Jika terdapat potensi        potential conflict of interest among the committee




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benturan kepentingan di antara anggota komite,                  members, such conflict of interest must be disclosed
maka dalam proses pemberian usulan harus                        during the provision of proposal process, along with
diungkapkan adanya benturan kepentingan serta                   the considerations underlying the proposal.
pertimbangan-pertimbangan    yang   mendasari
usulan tersebut.



Profil Komite Nominasi dan Remunerasi
Profile of the Nomination and Remuneration Committee




Iwa Kartiwa
Hudaya
Ketua
Chairman


  Periode dan Dasar Pengangkatan                                    Period and Basis of Appointment

  • 2022-2024:   Surat   Keputusan    Dewan       Komisaris         • 2022-2024: Decree of the Board of Commissioners
    No. 06/SK-DEKOM/TPA/V/2022 tanggal 27 Mei 2022; serta             No. 06/SK-DEKOM/TPA/V/2022 dated 27 May 2022; and
  • 2024-2027:   Surat   Keputusan    Dewan       Komisaris         • 2024-2027: Decree of the Board of Commissioners
    No. 03/SK-DEKOM/TPA/IV/2024 tanggal 25 April 2024.                No. 03/SK-DEKOM/TPA/IV/2024 dated 25 April 2024.

              Profil dapat dilihat pada Profil Dewan Komisaris bab Profil Perusahaan dalam Laporan Tahunan ini.
    His profile can be found in the Board of Commissioners Profile in the Company Profile chapter in this Annual Report.




Indracahya
Basuki
Anggota
Member


  Periode dan Dasar Pengangkatan                                    Period and Basis of Appointment

  2024-2027:    Surat  Keputusan      Dewan     Komisaris           2024-2027: Decision Letter of the Board of Commissioners
  No. 05/SK-DEKOM/TPA/X/2024 tanggal 22 Oktober 2024.               No. 05/SK-DEKOM/TPA/X/2024 dated 22 October 2024.

              Profil dapat dilihat pada Profil Dewan Komisaris bab Profil Perusahaan dalam Laporan Tahunan ini.
    His profile can be found in the Board of Commissioners Profile in the Company Profile chapter in this Annual Report.




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Sutarto
Hadi
Anggota
Member


Warga Negara Indonesia, berusia 47 tahun, berdomisili di Jakarta.
Indonesian Citizen, 47 years old, domiciled in Jakarta.




   Periode dan Dasar Pengangkatan                                   Period and Basis of Appointment

   • 2022-2024:   Surat   Keputusan    Dewan       Komisaris        • 2022-2024: Decree of the Board of Commissioners
     No. 04/SK-DEKOM/TPA/XI/2021 tanggal 29 November 2021;            No. 04/SK-DEKOM/TPA/XI/2021 dated 29 November 2021;
     serta                                                            and
   • 2024-2027:   Surat   Keputusan    Dewan       Komisaris        • 2024-2027: Decree of the Board of Commissioners
     No. 03/SK-DEKOM/TPA/IV/2024 tanggal 25 April 2024.               No. 03/SK-DEKOM/TPA/IV/2024 dated 25 April 2024.


   Riwayat Pendidikan                                               Education History

   Meraih gelar Sarjana Pertanian dari Universitas Gajah Mada       Bachelor of Agriculture from Universitas Gajah Mada and a
   dan gelar Magister Manajemen (SDM) dari Universitas              Master in Management (HR) from Universitas Mercu Buana.
   Mercu Buana. Beliau juga memiliki berbagai sertifikasi           He also holds various professional certifications, including
   profesi, di antaranya Certified Professional Human Resource      Certified Professional Human Resource Management
   Management (CPHRM), Certified Professional Human                 (CPHRM), Certified Professional Human Capital Management
   Capital Management (CPHCM), Certified Industrial Relation        (CPHCM), Certified Industrial Relations Professional (CIRP),
   Professional (CIRP), Certified Public Speaking Professional      Certified Public Speaking Professional (CPSP), Certified
   (CPSP), Certified Performance Management Professional            Performance Management Professional (CPMP), Certified
   (CPMP), Certified Talent Management Professional (CTMP),         Talent Management Professional (CTMP), and Certified
   dan Certified Excellence Trainer Professional (CETP).            Excellence Trainer Professional (CETP).


   Pengalaman Kerja                                                 Work Experience

   Memiliki pengalaman selama 20 tahun di bidang                    20 years of experience in the plantation sector, particularly
   perkebunan, khususnya agronomi dan sumber daya                   in agronomy and human resources. Career started at
   manusia. Karier dimulai di Asian Agri Group (2003-2009).         Asian Agri Group (2003-2009). He held strategic positions
   Beliau juga pernah menduduki jabatan strategis di                in several companies, namely Estate Manager PT Cisadane
   beberapa perusahaan, yaitu Estate Manager PT Cisadane            Sawit Raya (2009), Head of Human Resource Development
   Sawit Raya (2009), Head of Human Resource Development            PT Pinago Utama (2009-2012), HR People and Organization
   PT Pinago Utama (2009-2012), HR People and Organization          Development Division Head, and Plantation Human Capital
   Development Division Head, serta Plantation Human Capital        Operation Head KPN Plantations (2012-2020). Currently, he
   Operation Head KPN Plantation (2012-2020). Saat ini, beliau      also serves as Head of Human Resources Division of the
   juga menjabat sebagai Head of Human Resources Division           Company (since 2020).
   Perseroan (sejak 2020).


   Hubungan Afiliasi                                                Affiliation Relationships

   Tidak memiliki hubungan afiliasi dengan anggota                  Has no affiliated relationships with members of the Board
   Dewan Komisaris, anggota Direksi, serta Pemegang                 of Commissioners, members of the Board of Directors, and
   Saham Pengendali.                                                Controlling Shareholders.




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Tugas dan Tanggung Jawab                               Duties and Responsibilities

Tugas dan tanggung jawab Komite Nominasi dan           The Duties and responsibilities of the Nomination and
Remunerasi dijelaskan sebagai berikut.                 Remuneration Committee are as explained below.
1. Terkait Fungsi Nominasi                             1. On the Nomination Function
   a) Memberikan         rekomendasi         kepada       a) Providing     recommendations        to    Board
      Dewan Komisaris mengenai:                              of Commissioners regarding:
      1) Komposisi          jabatan         anggota          1) Position composition of members of the
          Dewan Komisaris dan/atau anggota                       Board of Commissioners and/or members
          Direksi;                                               of the Board of Directors;
      2) Kebijakan dan kriteria yang dibutuhkan              2) Policies and criteria needed in the
          dalam proses nominasi; serta                           nomination process; and
      3) Kebijakan     evaluasi     kinerja     bagi         3) Performance       evaluation     policy    for
          anggota Dewan Komisaris dan/atau                       members of the Board of Commissioners
          anggota Direksi.                                       and/or members of the Board of Directors.
   b) Membantu Dewan Komisaris melakukan                  b) Assisting the Board of Commissioners in
      penilaian kinerja anggota Dewan Komisaris              assessing the performance of members
      dan/atau anggota Direksi berdasarkan                   of    Board     of   Commissioners       and/or
      tolok ukur yang telah disusun sebagai                  members of the Board of Directors based
      bahan evaluasi.                                        on the predetermined benchmarks as
                                                             evaluation material.
   c) Memberikan       rekomendasi      kepada            c) Providing recommendations to the Board of
      Dewan   Komisaris    mengenai    program               Commissioners on competence development
      pengembangan       kemampuan     anggota               programs for members of the Board of
      Dewan Komisaris dan/ atau anggota Direksi.             Commissioners and/or members of the Board
                                                             of Directors.
   d) Memberikan usulan calon yang memenuhi               d) Providing proposals for candidates eligible
      syarat sebagai anggota Dewan Komisaris                 as members of the Board of Commissioners
      dan/atau      anggota     Direksi    kepada            and/or members of the Board of Directors to
      Dewan Komisaris untuk disampaikan di dalam             the Board of Commissioners to be submitted
      RUPS.                                                  at the GMS.
2. Terkait Fungsi Remunerasi                           2. On the Remuneration Function
   a) Memberikan         rekomendasi       kepada         a) Providing recommendations to Board of
      Dewan Komisaris mengenai:                              Commissioners regarding:
      1) Struktur remunerasi;                                1) Remuneration structure;
      2) Kebijakan atas remunerasi; dan                      2) Remuneration policy; and
      3) Besaran atas remunerasi.                            3) Remuneration amount.
   b) Struktur remunerasi yang dimaksud pada              b) The remuneration structure mentioned in
      poin a di atas, termasuk remunerasi dalam              point a above encompasses remuneration,
      bentuk insentif jangka panjang (long                   including long-term incentives.
      time incentive).
   c) Membantu Dewan Komisaris melakukan                  c) Assisting the Board of Commissioners in
      penilaian    kinerja   dengan     kesesuaian           assessing the performance according to the
      remunerasi yang diterima masing-masing                 remuneration received by each member of
      anggota      Dewan     Komisaris    dan/atau           the Board of Commissioners and/or members
      anggota Direksi.                                       of the Board of Directors.



Pelaksanaan Tugas Tahun 2024                           Implementation of Duties in 2024

Komite Nominasi dan Remunerasi telah menjalankan       Throughout 2024, Nomination and Remuneration
tugas dan tanggung jawabnya sepanjang tahun            Committee had carried out their duties and
2024 sesuai dengan pedoman kerja yang berlaku,         responsibilities following the applicable work policy,
sebagai berikut.                                       as follows.
1. Melakukan evaluasi kinerja anggota Direksi          1. Evaluated the performance of members of the
   sesuai dengan pedoman penilaian yang telah              Board of Directors according to the predetermined
   ditentukan.                                             benchmarks.



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2. Menyampaikan rekomendasi terkait pelaksanaan                        2. Provided recommendation on the implementation
   program pengembangan kompetensi anggota                                of competence development program of
   Dewan Komisaris dan Direksi untuk tahun buku                           members of the Board of Commissioners
   2024, serta melakukan pengawasan dan evaluasi                          and Board of Directors for 2024 financial
   atas pelaksanaan program tersebut. Pada tahun                          year, monitored and evaluated the program
   2024, Perseroan telah melaksanakan program                             implementation. In 2024, the Company has held
   pengembangan kompetensi bagi anggota                                   the competence development program for
   Dewan Komisaris dan Direksi sesuai dengan RKAP.                        members of the Board of Commissioners and
                                                                          Board of Directors according to RKAP.
3. Mengevaluasi kebijakan terkait remunerasi                           3. Evaluated the remuneration policy of members
   anggota Dewan Komisaris dan Direksi, serta                             of the Board of Commissioners and Board
   memberikan     usulan  dan   saran kepada                              of Directors, as well as provided suggestion
   Dewan Komisaris terkait penetapan struktur,                            and advice to the Board of Commissioners
   kebijakan, dan besaran remunerasi tersebut                             on the determination of structure, policy, and
   untuk tahun buku 2024 dengan memperhatikan                             remuneration amount for 2024 financial year
   kinerja Perseroan dan penetapan di industri                            by considering Company’s performance and
   sejenis.                                                               determination in similar industry.



Rapat                                                                  Meetings

Komite Nominasi dan Remunerasi mengadakan                              Nomination and Remuneration Committee held
rapat setidaknya sekali setiap 3 bulan, dengan                         meeting at least once every 3 months, attended by
kehadiran lebih dari ½ jumlah anggota. Sepanjang                       more than ½ of the members. Throughout 2024, this
tahun 2024, komite ini telah menyelenggarakan                          committee has held 4 meetings, with the level of
rapat sebanyak 4 kali, dengan tingkat kehadiran                        attendance disclosed in the below table.
diungkapkan dalam tabel berikut.


          Nama                        Jabatan                      Total Rapat                Kehadiran
                                                                                                                           %
          Name                        Position                    Total Meetings              Attendance

                            Ketua
 Iwa Kartiwa Hudaya                                                       4                         4                    100,0
                            Chairman

                            Anggota
 Indracahya Basuki*)                                                      1                          1                   100,0
                            Member

                            Anggota
 Widiyanti Putri**)                                                       4                         3                     75,0
                            Member

                            Anggota
 Sutarto Hadi                                                             4                         4                    100,0
                            Member

 Rata-rata Kehadiran Rapat
                                                                                                                         93,8
 Average Meeting Attendance

*) Efektif menjabat sejak 22 Oktober 2024. / Effective as 22 October 2024.
**) Mengundurkan diri pada tanggal 21 Oktober dan disahkan dalam RUPS Luar Biasa tanggal 13 Desember 2024. / Resigned on 21 October 2024
    and officially approved during the Extraordinary GMS on 13 December 2024.




Pengembangan Kompetensi                                                Competence Development

Perseroan memfasilitasi program pengembangan                           The    Company     is   facilitating     competence
kompetensi untuk mendorong efektivitas dan                             development program to boost the effectiveness
kinerja    Komite      Nominasi   dan   Remunerasi,                    and performance of the Nomination and
serta memastikan komite ini memahami tren,                             Remuneration      Committee,       while    ensuring
tantangan, dan perkembangan terbaru yang                               this committee understands the latest trend,
terjadi di industri. Sepanjang tahun 2024, Perseroan                   challenges, and development occurring in the
telah melaksanakan program pengembangan                                industry. Throughout 2024, the Company has held
kompetensi bagi anggota Komite Nominasi dan                            competence development program for members
Remunerasi sebagai berikut.                                            of the Nomination and Remuneration Committee as
                                                                       follows.


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                                                                                         Tempat/Sarana dan
     Nama              Jabatan                         Topik Pelatihan                     Waktu Pelatihan        Penyelenggara
     Name              Position                        Topic of Training                 Location/Facility and      Organizer
                                                                                           Period of Training

 Iwa Kartiwa        Ketua
 Hudaya             Chairman                 Telah diungkapkan pada uraian Pengembangan Kompetensi Dewan Komisaris
                                                    Has been disclosed in the description of Board of Commissioners
 Indracahya         Anggota                                           Competency Development
 Basuki*)           Member

                                        Seminar Nasional Planter Indonesia (SNPI)                Jakarta,         Indonesia Planter
                                        Indonesia Planter National Seminar (SNPI)            15-16 May 2024          Society (IPS)

                                                                                                                  Internal Perseroan
                    Anggota                    Breaking The Wall: Who Wants                   Balikpapan,
 Sutarto Hadi                                                                                                     Company Internal
                    Member                         to be a Transformers?                      24 May 2024
                                                                                                                   (TPA Conference)

                                                                                                 Malaysia,        Indonesia Planter
                                           Fieldtrip Malaysia Palm Oil Plantation
                                                                                          31 July-3 August 2024      Society (IPS)

                                                 Penerapan Anti-Korupsi,
                                           Anti-Penyuapan, dan Praktik Perilaku
                                               Usaha Beretika di Perusahaan                     Jakarta,          Internal Perseroan
                                            Implementation of Anti-Corruption,             29 November 2024       Company Internal
                                             Anti-Bribery, and Ethical Business
                                                 Practices in the Company

*) Efektif menjabat sejak 22 Oktober 2024. / Effective as 22 October 2024.




KOMITE MANAJEMEN RISIKO, GCG,
DAN INVESTASI
   Risk Management, GCG, and Investment Committee

Komite Manajemen Risiko, GCG, dan Investasi                                  The Risk Management, GCG, and Investment
merupakan organ pendukung Dewan Komisaris                                    Committee is the supporting organ of Board
yang bertugas mengawasi penerapan manajemen                                  of Commissioners tasked to oversee the risk
risiko, GCG, dan investasi. Komite ini dibentuk                              management implementation, GCG, and investment.
untuk    meningkatkan  efektivitas pengelolaan                               This committee was established to boost the
dan pengawasan di internal Perseroan, serta                                  effectiveness of management and supervision within
memastikan bahwa penerapan manajemen risiko,                                 the Company, while ensuring the implementation of
GCG, serta keputusan investasi diambil dengan                                risk management, GCG, and investment decisions
cara yang benar dan sesuai dengan regulasi yang                              are made properly and in line with applicable
berlaku.                                                                     regulations.



Pedoman Kerja                                                                Work Policy

Piagam Komite Manajemen Risiko, GCG, dan                                     The Risk Management, GCG, and Investment
Investasi   ditetapkan pada 29 November 2021.                                Committee     Charter     was    established    on
Piagam ini ditinjau dan dikaji secara berkala dengan                         29 November 2021. This charter is reviewed and
pembaruan terakhir pada 24 November 2023.                                    evaluated periodically, with the latest update on
Pedoman kerja ini menjadi panduan bagi anggota                               24 November 2023. This guideline serves as a
komite untuk menjalankan tugas dan tanggung                                  reference for committee members to carry out
jawabnya secara profesional sesuai dengan                                    their duties and responsibilities professionally in
kebijakan yang berlaku.                                                      accordance with applicable policies.




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Komposisi dan Independensi                                       Composition and Independence

Komposisi                                                        Composition
Komposisi Komite Manajemen Risiko, GCG, dan                      The Risk Management, GCG, and Investment
Investasi terdiri dari 1 ketua dan 1 anggota. Masa               Committee consists of 1 chairman and 1 member.
jabatan anggota komite ini tidak melebihi masa                   The term of office of members of this committee
jabatan Dewan Komisaris dan dapat diberhentikan                  is not exceeding the term of office of Board of
sewaktu-waktu sesuai keputusan Dewan Komisaris                   Commissioners and can be dismissed at any time
dengan mengacu pada kebijakan yang berlaku.                      following the Board of Commissioners decision by
Selama tahun 2024, tidak terjadi perubahan                       considering the applicable policy. Throughout 2024,
komposisi Komite Manajemen Risiko, GCG, dan                      there was no change in the composition of Risk
Investasi.                                                       Management, GCG, and Investment Committee.

Independensi                                                     Independence
Anggota Komite Manajemen Risiko, GCG, dan                        Risk Management, GCG, and Investment Committee
Investasi    senantiasa menghindari benturan                     members always avoid conflict of interest, uphold
kepentingan, menjunjung tinggi prinsip independensi,             the independence principle, and carrying out their
dan melaksanakan tugas dan tanggung jawabnya                     duties and responsibilities with prudence. If there is
dengan kehati-hatian. Jika terdapat potensi                      potential conflict of interest among the committee
benturan kepentingan di antara anggota komite,                   members, such conflict of interest must be disclosed
maka dalam proses pemberian usulan harus                         during the provision of proposal process, along with
diungkapkan adanya benturan kepentingan serta                    the considerations underlying the proposal.
pertimbangan-pertimbangan        yang     mendasari
usulan tersebut.



Profil Komite Manajemen Risiko, GCG, dan Investasi
Risk Management, GCG, and Investment Committee Profile




Indracahya
Basuki
Ketua
Chairman


  Periode dan Dasar Pengangkatan                                     Period and Basis of Appointment

  • 2022-2024:   Surat   Keputusan   Dewan        Komisaris          • 2022-2024: Decree of the Board of Commissioners
    No. 03/SK-DEKOM/TPA/I/2022 tanggal 28 Januari 2022;                No. 03/SK-DEKOM/TPA/I/2022 dated 28 January 2022; and
    serta
  • 2024-2027:   Surat   Keputusan   Dewan        Komisaris          • 2024-2027: Decree of the Board of Commissioners
    No. 04/SK-DEKOM/TPA/IV/2024 tanggal 25 April 2024.                 No. 04/SK-DEKOM/TPA/IV/2024 dated 25 April 2024.

               Profil dapat dilihat pada Profil Dewan Komisaris bab Profil Perusahaan dalam Laporan Tahunan ini.
     His profile can be found in the Board of Commissioners Profile in the Company Profile chapter in this Annual Report.




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Nurcahya
Basuki
Anggota
Member


Warga Negara Indonesia, berusia 47 tahun, berdomisili di Jakarta.
Indonesian Citizen, 47 years old, domiciled in Jakarta.




     Periode dan Dasar Pengangkatan                                        Period and Basis of Appointment
     • 2022-2024:   Surat   Keputusan   Dewan        Komisaris             • 2022-2024: Decree of the Board of Commissioners
       No. 03/SK-DEKOM/TPA/I/2022 tanggal 28 Januari 2022;                   No. 03/SK-DEKOM/TPA/I/2022 dated 28 January 2022; and
       serta
     • 2024-2027:   Surat   Keputusan   Dewan        Komisaris             • 2024-2027: Decree of the Board of Commissioners
       No. 04/SK-DEKOM/TPA/IV/2024 tanggal 25 April 2024.                    No. 04/SK-DEKOM/TPA/IV/2024 dated 25 April 2024.

     Riwayat Pendidikan                                                    Education History
     Meraih gelar Bachelor of Science International Business, di           Bachelor of Science International Business from Pepperdine
     Pepperdine University, Malibu, California, Amerika Serikat            University, Malibu, California, USA (2000) and completed
     (2000) dan menyelesaikan program pendidikan eksekutif                 an executive education program at Institut Européen
     di Institut Européen d’Administration des Affaires (INSEAD),          d’Administration des Affaires (INSEAD), Singapore in the field
     Singapura dalam bidang Finance for Executives (2017).                 of Finance for Executives (2017).

     Pengalaman Kerja                                                      Work Experience
     Beliau pernah menjabat berbagai posisi manajemen, di                  He has held various management positions, including
     antaranya Komisaris dan Komisaris Utama di PT Mitrabahtera            Commissioner     and    President   Commissioner     at
     Segara Sejati Tbk (2010-2021), Direktur Perseroan (2012-2021),        PT Mitrabahtera Segara Sejati Tbk (2010-2021), Director
     dan Direktur di PT Matra Daya Investama (2014-2018). Saat             of the Company (2012-2021), and Director at PT Matra
     ini, beliau juga menjabat Komisaris di beberapa Entitas               Daya Investama (2014-2018). Currently, he also serves
     Anak (sejak 2005). Beliau juga tercatat sebagai Komisaris             as Commissioner in several Subsidiaries (since 2005).
     PT Teladan Properties (sejak 2005) serta Komisaris Utama di           He is also listed as the Commissioner of PT Teladan
     PT Aquaria Shipping (sejak 2015) dan PT Imeco Inter Sarana            Properties (since 2005) and President Commissioner
     (sejak 2017). Selain itu, beliau juga merupakan Direktur di           of PT Aquaria Shipping (since 2015) and PT Imeco Inter
     beberapa perusahaan, seperti PT Bahtera Daya Utama                    Sarana (since 2017). He also serves as a Director in
     (sejak 2013), PT Trans Marine Utama (sejak 2014), dan                 several companies, such as PT Bahtera Daya Utama
     PT Teladan Resources (2008-2009 dan 2016-sekarang).                   (since 2013), PT Trans Marine Utama (since 2014), and
                                                                           PT Teladan Resources (2008-2009 and 2016-present).

     Hubungan Afiliasi                                                     Affiliation Relationships
     Memiliki hubungan afiliasi dengan anggota Dewan Komisaris             Has affiliated relationship with members of the Board of
     dan Pemegang Saham Pengendali.                                        Commissioners and Controlling Shareholders.




Tugas dan Tanggung Jawab                                              Duties and Responsibilities

1.    Terkait Fungsi GCG                                              1.   In connection with the GCG Function
      a. Membantu Dewan Komisaris dalam mengkaji                           a. Aiding the Board of Commissioners in reviewing
         kebijakan GCG secara menyeluruh yang                                  the overall GCG policy prepared by the Board
         disusun oleh Direksi dan melakukan penilaian                          of Directors and evaluating the uniformity of
         terhadap konsistensi penerapannya, termasuk                           its execution, encompassing considerations
         aspek-aspek yang berkaitan dengan etika                               such as business ethics and community
         bisnis dan pengembangan masyarakat di                                 development in the Company’s vicinity.
         sekitar Perseroan.
      b. Memastikan bahwa penerapan prinsip-                               b. Ensuring the consistency and continuity of
         prinsip GCG dilakukan secara konsisten dan                           GCG principles implementation across all
         berkelanjutan dalam setiap kegiatan usaha                            business activities and organizational levels.
         dan seluruh tingkatan dan jenjang organisasi.



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   c. Membantu Dewan Komisaris dalam hal                       c. Assisting the Board of Commissioners in
      pengawasan terhadap kepatuhan yang                          overseeing the compliance undertaken
      sudah dijalankan oleh Direksi untuk memenuhi                by the Board of Directors to meet all
      segala ketentuan peraturan perundang-                       relevant laws and regulations pertaining to
      undangan yang berlaku berkaitan dengan                      the Company’s business.
      bisnis Perseroan.
2. Terkait Fungsi Manajemen Risiko                          2. In connection with Risk Management Function
   a. Membantu        Dewan      Komisaris       dalam         a. Assisting the Board of Commissioners by
      memberikan         pendapat           profesional            offering professional and independent insights
      dan      independen    guna       diterapkannya              into the implementation of Enterprise Risk
      Manajemen Risiko Perusahaan (Enterprise                      Management concerning risk management
      Risk     Management)      terhadap        aktivitas          implementation activities and investment
      pelaksanaan      manajemen         risiko    serta           policies established and executed by the
      kebijakan investasi yang telah ditetapkan dan                Company.
      dijalankan oleh Perseroan.
   b. Memantau kinerja Perseroan terhadap                      b. Monitoring the Company’s performance in
      kerangka      manajemen      risiko,    termasuk            alignment with risk management framework,
      memantau apakah Perseroan beroperasi                        including assessing whether the Company
      dalam selera risiko (risk appetite) yang                    operates within the risk appetite approved by
      disetujui oleh Dewan Komisaris.                             the Board of Commissioners.
   c. Memantau pengendalian terhadap risiko-                   c. Overseeing controls related to key risks,
      risiko utama, termasuk risiko utama pelaporan               encompassing significant financial reporting
      keuangan dan risiko kecurangan (fraud risk).                risks and fraud risks.
   d. Menyusun          rekomendasi             kepada         d. Providing recommendations to the Board
      Dewan Komisaris terkait dengan perubahan                    of Commissioners regarding adjustments
      yang harus dilakukan pada kerangka                          that should be made to the Company’s Risk
      Manajemen Risiko Perseroan atau selera                      Management framework or the risk appetite
      risiko (risk appetite) yang disetujui oleh                  approved by the Board of Commissioners.
      Dewan Komisaris.
3. Terkait Fungsi Investasi                                 3. In connection with Investment Functions
   a. Memberikan masukan, saran, pendapat                      a. Offering input, advice, and professional,
      profesional,    dan    independen         kepada             independent     opinions to    the   Board
      Dewan Komisaris atas Kebijakan Investasi                     of Commissioners on the Company’s
      Perseroan.                                                   Investment Policy.
   b. Melakukan reviu, telaah, dan kajian risiko atas          b. Conducting review, assessment, and risk
      kelayakan investasi yang diajukan oleh Direksi               management on feasibility investment
      kepada Dewan Komisaris untuk kemudian                        proposed by the Board of Directors to be
      disampaikan      hasilnya    kepada        Dewan             presented to Board of Commissioners.
      Komisaris.
   c. Melakukan penilaian dan evaluasi secara                  c. Conducting periodic assessments and
      berkala terhadap kegiatan investasi yang                    evaluations of the Company’s executed
      telah dilaksanakan oleh Perseroan serta                     investment activities and reporting the
      melaporkan hasil penilaian dan evaluasi                     outcomes of such assessments and
      tersebut kepada Dewan Komisaris.                            evaluations to the Board of Commissioners.



Pelaksanaan Tugas Tahun 2024                                Implementation of Duties in 2024

Komite Manajemen Risiko, GCG, dan Investasi                 Throughout 2024, the Risk Management, GCG, and
telah menjalankan tugas dan tanggung jawabnya               Investment Committee had carried out their duties
sepanjang tahun 2024 sesuai dengan pedoman                  and responsibilities following the applicable work
kerja yang berlaku, sebagai berikut.                        policy, as follows.
1. Berkomunikasi, bekerja sama, dan berkoordinasi           1. Communicated, cooperated, and coordinated
    dengan Unit Audit Internal dan unit kerja lainnya          with Internal Audit Unit and other related work units
    yang terkait dalam melakukan penelaahan dan                in analyzing and evaluating risk management,




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   mengevaluasi manajemen risiko, kebijakan                        investment policies, internal controls,        and
   investasi, pengendalian internal, dan menilai                   assessing investment risk tolerance.
   toleransi risiko investasi.
2. Membantu dan memberikan saran kepada                        2. Assisted and provided advice to the Board
   Dewan Komisaris dalam rangka rencana                           of Commissioners in terms of Company’s
   investasi dan pengembangan bisnis Perseroan.                   investment and business development plans.



Rapat                                                          Meetings

Komite Manajemen Risiko, GCG, dan Investasi                    Risk Management, GCG, and Investment Committee
menyelenggarakan rapat setidaknya sekali setiap                held meeting at least once every 4 months, attended
4 bulan, dengan kehadiran lebih dari ½ jumlah                  by more than ½ of the members. Throughout 2024,
anggota. Sepanjang tahun 2024, komite ini telah                this committee has held 3 meetings, with the level
mengadakan rapat sebanyak 2 kali, dengan tingkat               of attendance disclosed in the below table.
kehadiran diungkapkan dalam tabel berikut.


        Nama                        Jabatan                 Total Rapat          Kehadiran
                                                                                                           %
        Name                        Position               Total Meetings        Attendance

                          Ketua
Indracahya Basuki                                                  2                   2                 100,0
                          Chairman
                          Anggota
Nurcahya Basuki                                                    2                   2                 100,0
                          Member
Rata-rata Kehadiran Rapat
                                                                                                         100,0
Average Meeting Attendance



Pengembangan Kompetensi                                        Competence Development

Perseroan memfasilitas program pengembangan                    The    Company     is   facilitating competence
kompetensi untuk mendorong efektivitas dan kinerja             development program to boost the effectiveness
Komite Manajemen Risiko, GCG, dan Investasi,                   and performance of the Risk Management, GCG,
serta memastikan komite ini memahami tren,                     and Investment Committee, while ensuring
tantangan, dan perkembangan terbaru yang                       this committee understands the latest trend,
terjadi di industri. Sepanjang tahun 2024, Perseroan           challenges, and development occurring in the
telah melaksanakan program pengembangan                        industry. Throughout 2024, the Company has held
kompetensi bagi anggota Komite Manajemen Risiko,               competence development program for members
GCG, dan Investasi sebagai berikut.                            of the Risk Management, GCG, and Investment
                                                               Committee as follows.


                                                                            Tempat/Sarana dan
    Nama            Jabatan                    Topik Pelatihan                Waktu Pelatihan       Penyelenggara
    Name            Position                   Topic of Training            Location/Facility and     Organizer
                                                                              Period of Training

                                       Telah diungkapkan pada uraian Pengembangan Kompetensi Dewan Komisaris
Indracahya      Ketua
                                              Has been disclosed in the description of Board of Commissioners
Basuki          Chairman
                                                                Competency Development
                                                                                                    Internal Perseroan
                                        Breaking The Wall: Who Wants            Balikpapan,
                                                                                                    Company Internal
                                            to be a Transformers?               24 May 2024
                                                                                                     (TPA Conference)

Nurcahya        Anggota                    Penerapan Anti-Korupsi,
Basuki          Member               Anti-Penyuapan, dan Praktik Perilaku
                                         Usaha Beretika di Perusahaan              Jakarta,         Internal Perseroan
                                      Implementation of Anti-Corruption,      29 November 2024      Company Internal
                                       Anti-Bribery, and Ethical Business
                                           Practices in the Company




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KOMITE KEBERLANJUTAN USAHA DAN
TANGGUNG JAWAB SOSIAL PERUSAHAAN
   Sustainability and Corporate Social
   Responsibility Committee

Komite Keberlanjutan Usaha dan Tanggung                 The Sustainability and Corporate Social Responsibility
Jawab Sosial Perusahaan berperan penting                Committee has a key role in ensuring the Company
dalam memastikan Perseroan tidak hanya                  is not only focusing on financial profits but also
berfokus pada keuntungan finansial, tetapi juga         considering the long-term impacts both to the
mempertimbangkan dampak jangka panjang                  environment and community.
terhadap lingkungan dan masyarakat.



Pedoman Kerja                                           Work Policy

Piagam Komite Keberlanjutan Usaha dan Tanggung          The Business Sustainability and Corporate Social
Jawab Sosial Perusahaan ditetapkan pada                 Responsibility Committee Charter was established
28 Januari 2022. Piagam ini ditinjau dan dikaji         on 28 January 2022. This charter is reviewed and
secara berkala dengan pembaruan terakhir pada           assessed periodically, with the latest update on
24 November 2023 Pedoman kerja ini menjadi              24 November 2023. This work guideline serves as
panduan bagi anggota komite untuk menjalankan           a reference for committee members to carry out
tugas dan tanggung jawabnya secara profesional          their duties and responsibilities professionally in
sesuai dengan kebijakan yang berlaku.                   accordance with the applicable policies.



Komposisi dan Independensi                              Composition and Independence

Komposisi                                               Composition
Komite Keberlanjutan Usaha dan Tanggung Jawab           The Sustainability and Corporate Social Responsibility
Sosial Perusahaan terdiri dari 1 ketua dan 2 anggota.   Committee consists of 1 chairman and 2 members.
Masa jabatan anggota komite tidak melebihi masa         The term of office of committee members is
jabatan Dewan Komisaris dan dapat diberhentikan         not exceeding the term of office of the Board of
sewaktu-waktu sesuai keputusan Dewan Komisaris,         Commissioners and can be dismissed at any
dengan mengacu pada kebijakan yang berlaku.             time following Board of Commissioners’ decision,
Selama tahun 2024, tidak ada perubahan dalam            by referring to the applicable policy. Throughout
komposisi Komite Keberlanjutan Usaha dan                2024, there was no change in the composition of
Tanggung Jawab Sosial Perusahaan.                       Sustainability and Corporate Social Responsibility
                                                        Committee.

Independensi                                            Independence
Anggota Komite Keberlanjutan Usaha dan Tanggung         Sustainability and Corporate Social Responsibility
Jawab Sosial Perusahaan senantiasa menghindari          Committee members always avoid conflict of
benturan kepentingan, menjunjung tinggi prinsip         interest, uphold the independence principle, and
independensi, dan melaksanakan tugas dan                carrying out their duties and responsibilities with
tanggung jawabnya dengan kehati-hatian. Jika            prudence. If there is potential conflict of interest
terdapat potensi benturan kepentingan di antara         among the committee members, such conflict of
anggota komite, maka dalam proses pemberian             interest must be disclosed during the provision of
usulan harus diungkapkan adanya benturan                proposal process, along with the considerations
kepentingan serta pertimbangan-pertimbangan             underlying the proposal.
yang mendasari usulan tersebut.




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Profil Komite Keberlanjutan Usaha dan Tanggung Jawab Sosial Perusahaan
Sustainability and Corporate Social Responsibility Committee Profile




Dr. Yaya
Rayadin
Ketua
Chairman


Warga Negara Indonesia, berusia 52 tahun, berdomisili di Samarinda.
Indonesian Citizen, 52 years old, domiciled in Samarinda.




   Periode dan Dasar Pengangkatan                                     Period and Basis of Appointment

   • 2022-2024:    Surat    Keputusan     Dewan      Komisaris        • 2022-2024: Decree of the Board of Commissioners
     No. 01/SK-DEKOM/TPA/I/2022 tanggal 28 Januari 2022; serta          No. 01/SK-DEKOM/TPA/I/2022 dated 28 January 2022; and
   • 2024-2027:    Surat   Keputusan      Dewan     Komisaris         • 2024-2027: Decision Letter of the Board of Commissioners
     No. 05/SK-DEKOM/TPA/IV/2024 tanggal 25 April 2024.                 No. 05/SK-DEKOM/TPA/IV/2024 dated 25 April 2024.


   Riwayat Pendidikan                                                 Education History

   Meraih gelar Sarjana Kehutanan dari Universitas                    Bachelor of Forestry from Mulawarman University (1998),
   Mulawarman (1998), Magister Kehutanan dari Universitas             Master of Forestry from Mulawarman University (2002), and
   Mulawarman (2002), dan Doctor of Philosophy for Wildlife           Doctor of Philosophy for Wildlife Ecology and Conservation
   Ecology and Conservation dari Hokkaido University,                 from Hokkaido University, Japan (2009). He has also attended
   Japan (2009). Beliau juga pernah mengikuti pendidikan              non-degree education, such as Forest Markets & Society
   non-degree, seperti Forest Markets & Society di University of      at University of Freiburg, Germany (2004) and the Natural
   Freiburg, Jerman (2004) dan Natural Research Program and           Research Program and Fund Raising at University of Freiburg,
   Fund Raising di University of Freiburg, Jerman (2005).             Germany (2005).


   Pengalaman Kerja                                                   Work Experience

   Memiliki pengalaman lebih dari 25 tahun dan keahlian luas          More than 25 years of experience and extensive expertise in
   di bidang ekologi konservasi. Beberapa pengalamannya               the field of conservation ecology. Some of his experiences
   di antaranya adalah Koordinator Perencanaan Hutan                  include Coordinator of East Kalimantan Forest Planning
   Kalimantan Timur PT Inhutani I (1999-2002), Editor Jurnal          PT Inhutani I (1999-2002), Editor of the Journal of Ecology
   Ekologi dan Konservasi untuk Studi Tropis (Ecositrop)              and Conservation for Tropical Studies (Ecositrop) (2011-2013),
   (2011-2013), Peneliti Ekologi Konservasi di Pusat Penelitian       Conservation Ecology Researcher at Tropical Forest Research
   Hutan Tropis Universitas Mulawarman (2009-2012), serta             Center, Mulawarman University (2009-2012), and Head
   Kepala Laboratorium Ekologi & Konservasi Biodiversitas             of Ecology & Conservation of Tropical Forest Biodiversity
   Hutan Tropis Universitas Mulawarman (2012-2016). Saat              Laboratory, Mulawarman University (2012-2016). Currently,
   ini, beliau tidak merangkap jabatan, baik di Perseroan dan         he has no concurrent positions, either in the Company and
   Entitas Anak ataupun perusahaan publik lain.                       Subsidiaries or other public companies.




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                                                                     Tata Kelola Perusahaan / Corporate Governance




Penghargaan                                                     Awards

Memperoleh beberapa scholarship dan penghargaan lokal           Awardee of several local and international scholarships
ataupun internasional, seperti Orangutan Conservation           and awards, such as the Orangutan Conservation Services
Services Program (OCSP) United States Agency for                Program (OCSP) United States Agency for International
International Development (USAID) untuk Consultant and          Development (USAID) for Consultant and Reviewer for
Reviewer for Orangutan Project and Services in Kalimantan       Orangutan Project and Services in East Kalimantan (2010);
Timur    (2010); The Nature Conservancy-USA untuk               The Nature Conservancy-USA for Anthropogenic effects on
Anthropogenic effect on Orangutan Ecology and Behavior          Orangutan Ecology and Behavior in the Multi-Functional
in the Multi-Functional Landscape (2011-2012); Collaboration    Landscape (2011-2012); Collaboration Research between
Research between UNMUL dan Wisconsin Oshkosh University         UNMUL and Wisconsin Oshkosh University USA (2012-2013);
USA (2012-2013); UTEP-UNMUL-USAID untuk Enhancing               UTEP-UNMUL-USAID for Enhancing Behavior Change Through
Behavior Change Through Conservation Program, Texas             Conservation Program, Texas El Paso and Wisconsin Oshkosh
El Paso dan Wisconsin Oshkosh (2015); Arcus Foundation-USA      (2015); Arcus Foundation-USA for the Study of Orangutan
untuk Study Orangutan Ecology and Behavior in The Forest        Ecology and Behavior in The Forest Plantation; and Islamic
Plantation; dan Islamic Development Bank untuk Overseas         Development Bank for Overseas Training and Visiting
Training and Visiting Researcher, di Univ Texas, El Paso dan    Researchers, at Univ Texas, El Paso and Univ Wisconsin
Univ Wisconsin Madison, Amerika Serikat (2020).                 Madison, United States of America (2020).

Aktivitas di Bidang Keberlanjutan                               Activities in the Sustainability Sector

Aktif menulis jurnal ilmiah dan film dokumenter terkait         Actively writing scientific journals and documentaries related
ekologi, konservasi, dan Orangutan. Beberapa karya              to ecology, conservation, and Orangutans. Some of his works,
beliau, yaitu Film Dokumenter, Bornean Orangutan: Jeritan       namely Documentary Film, Bornean Orangutan: Jeritan
Orangutan Terjerat, (Bornean orangutan trapped by Snare)        Orangutan Terjerat, (Bornean orangutan trapped by Snare)
dipublikasikan oleh Pustaka Tropis & Ecositrop (2020); Jurnal   published by Pustaka Tropis & Ecositrop (2020); Journal of
Managing and reforesting Degraded Post Mining Landscape         Managing and reforesting Degraded Post Mining Landscape
in Indonesia, A Review diterbitkan oleh Journal Land (2021);    in Indonesia, A Review published by Journal Land (2021);
Jurnal What Does It Take to Have A Mutually Beneficial          Journal: What Does It Take to Have A Mutually Beneficial
Research Collaboration Across Countries? dipublikasikan         Research Collaboration Across Countries? published by
oleh International Journal Conservation Science and Practice    International Journal Conservation Science and Practice
(2022); Film Dokumenter, Bornean Orangutan: Orangutan           (2022); Documentary Film, Bornean Orangutan: Orangutan
dalam Perut Phyton (Bornean orangutan Inside Phyton);           dalam Perut Phyton (Bornean orangutan Inside Phyton);
serta Film Dokumenter Bekantan (Proboscis Monkey) Behind        and Documentary Bekantan (Proboscis Monkey) Behind
Reclamation Forest yang dipublikasikan oleh Pustaka             Reclamation Forest, published by Pustaka Tropis & Ecositrop.
Tropis & Ecositrop.


Hubungan Afiliasi                                               Affiliation Relationships

Tidak memiliki hubungan afiliasi dengan anggota                 Has no affiliated relationships with members of the Board
Dewan Komisaris, anggota Direksi, serta Pemegang                of Commissioners, members of the Board of Directors, and
Saham Pengendali.                                               Controlling Shareholders.




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Richard Bruce
Ness
Anggota
Member


Warga Negara Indonesia, berusia 75 tahun, berdomisili di Jakarta.
Indonesian Citizen, 75 years old, domiciled in Jakarta.




   Periode dan Dasar Pengangkatan                                   Period and Basis of Appointment

   • 2022-2024:   Surat   Keputusan   Dewan        Komisaris        • 2022-2024: Decree of the Board of Commissioners
     No. 01/SK-DEKOM/TPA/I/2022 tanggal 28 Januari 2022;              No. 01/SK-DEKOM/TPA/I/2022 dated 28 January 2022; and
     serta
   • 2024-2027:   Surat   Keputusan   Dewan        Komisaris        • 2024-2027: Decision Letter of the Board of Commissioners
     No. 05/SK-DEKOM/TPA/IV/2024 tanggal 25 April 2024.               No. 05/SK-DEKOM/TPA/IV/2024 dated 25 April 2024.


   Riwayat Pendidikan                                               Education History

   Merupakan lulusan Moorhead Technical Institute, Minnesota,       Graduated from Moorhead Technical Institute, Minnesota,
   Amerika Serikat dan selanjutnya meneruskan pendidikan            United States of America and then pursued further education
   lanjutan ke Moorhead State University, Minnesota, Amerika        at Moorhead State University, Minnesota, United States
   Serikat. Beliau juga menempuh Program Professional               of America. He also took the Professional Management
   Management      (PMD) di Harvard Business School,                Program (PMD) at Harvard Business School, Massachusetts,
   Massachusetts, Amerika Serikat (1992).                           USA (1992).


   Pengalaman Kerja                                                 Work Experience

   Memiliki pengalaman kerja yang panjang selama 46 tahun           Has a long 46 years of experience in energy, natural resources
   di bidang energi, sumber daya alam, dan pertambangan,            and mining sectors, he successfully held various strategic
   membuat beliau berhasil menduduki berbagai posisi                positions, namely Vice President PT Freeport Indonesia,
   strategis, yaitu Vice President PT Freeport Indonesia, General   General Manager/Director PT Newmont Nusa Tenggara,
   Manager/Direktur PT Newmont Nusa Tenggara, Direktur              President Director PT Newmont Minahasa Raya (1999-2007),
   Utama PT Newmont Minahasa Raya (1999-2007), Direktur             Director PT Indika Energy Tbk (2009-2016), Independent
   PT Indika Energy Tbk (2009-2016), Komisaris Independen           Commissioner (2014-2018), Vice President-CEO (2018-2020)
   (2014-2018), Vice President - CEO (2018-2020) dan Komisaris      and Commissioner PT Merdeka Copper & Gold Tbk
   PT Merdeka Copper & Gold Tbk (2020-2022). Beliau juga            (2020-2022). He once held important positions at
   pernah menduduki posisi penting di PT Petrosea Tbk sebagai       PT Petrosea Tbk as President Director (2014-2016) and
   Presiden Direktur (2014-2016) dan Presiden Komisaris             President Commissioner (2010-2014 & 2016-2022). Currently,
   (2010-2014 & 2016-2022). Saat ini, beliau juga menjabat          he also serves as Deputy President Commissioner PT Indika
   sebagai Wakil Komisaris Utama PT Indika Energy Tbk               Energy Tbk (since 2018).
   (sejak 2018).


   Aktivitas di Bidang Keberlanjutan                                Activities in the Sustainability Sector

   Memiliki pengalaman sebagai delegasi United Nations              Has experience as United Nations World Summit for
   World Summit for Sustainable Development (WSSD) di               Sustainable Development (WSSD) delegate in Johannesburg,
   Johannesburg, Afrika Selatan yang mewakili International         South Africa representing International Chamber of
   Chamber of Commerce, serta menjadi delegasi dari                 Commerce, and International Council of Mining & Metals
   International Council of Mining & Metals Advisory Member &       Advisory Member & Industry delegate at World Bank Extractive
   Industry pada World Bank Extractive Industry Review.             Industry Review.


   Hubungan Afiliasi                                                Affiliation Relationships

   Tidak memiliki hubungan afiliasi dengan anggota                  Has no affiliated relationships with members of the Board
   Dewan Komisaris, anggota Direksi, serta Pemegang                 of Commissioners, members of the Board of Directors, and
   Saham Pengendali.                                                Controlling Shareholders.




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Shakeb
Afsah
Anggota
Member


Warga Negara Indonesia, berusia 61 tahun, berdomisili di Amerika Serikat.
Indonesian Citizen, 61 years old, domiciled in United States of America.




   Periode dan Dasar Pengangkatan                                    Period and Basis of Appointment

   • 2022-2024:   Surat   Keputusan   Dewan        Komisaris         • 2022-2024: Decree of the Board of Commissioners
     No. 01/SK-DEKOM/TPA/I/2022 tanggal 28 Januari 2022;               No. 01/SK-DEKOM/TPA/I/2022 dated 28 January 2022; and
     serta
   • 2024-2027:   Surat   Keputusan   Dewan        Komisaris         • 2024-2027: Decision Letter of the Board of Commissioners
     No. 05/SK-DEKOM/TPA/IV/2024 tanggal 25 April 2024.                No. 05/SK-DEKOM/TPA/IV/2024 dated 25 April 2024.


   Riwayat Pendidikan                                                Education History

   Meraih gelar Bachelor of Technology dari Indian Institute         Bachelor of Technology from Indian Institute of Technology,
   of Technology, New Delhi, India (1985) dan Master of              New Delhi, India (1985) and Master of Public Policy from
   Public Policy dari Kennedy School of Government, Harvard          Kennedy School of Government, Harvard University,
   University, Cambridge, Amerika Serikat.                           Cambridge, United States of America.


   Pengalaman Kerja                                                  Work Experience

   Mempunyai pengalaman kerja selama 36 tahun dan                    Has 36 years of work experience and extensive expertise
   keahlian yang luas di bidang ekonomi lingkungan. Mengawali        in environmental economics. Began his career as Design
   karier sebagai Design Engineer, Society for Development           Engineer, Society for Development Alternatives, New Delhi,
   Alternatives, New Delhi, India (1985-1989); Teaching Fellow,      India (1985-1989); Teaching Fellow, Harvard Institute for
   Harvard Institute for International Development, Cambridge,       International Development, Cambridge, Massachusetts,
   Massachusetts, Amerika Serikat (1991); World Bank’s Resident      United States of America (1991); World Bank’s Resident Advisor
   Advisor untuk Kementerian Lingkungan Republik Indonesia           for the Ministry of Environment of the Republic of Indonesia
   dan bekerja dengan Tim Pemerintah Indonesia dalam                 and worked with the Indonesian Government Team in
   merancang dan melaksanakan Program Penilaian Peringkat            designing and implementing the national Environmental
   Kinerja Perusahaan dalam Pengelolaan Lingkungan Hidup             Management Rating Program (PROPER) (1991-1997); Senior
   (PROPER) secara nasional dalam Pengelolaan Lingkungan             Manager (1997-2000); Vice President International Resources
   (1991-1997); Senior Manager (1997-2000); Vice President           Group, Ltd, Washington DC, United States of America
   International Resources Group, Ltd, Washington DC, Amerika        (2000-2002); Benchmarking Advisor, Egyptian Electric Utility
   Serikat (2000-2002); Benchmarking Advisor, Egyptian               and Consumer Protection Regulatory Agency (2002-2003);
   Electric Utility and Consumer Protection Regulatory Agency        and Resident Advisor for the Ministry of Environment of the
   (2002-2003); dan Resident Advisor untuk Kementerian               Republic of Indonesia (2003-2004). Currently, he held no
   Lingkungan Republik Indonesia (2003-2004). Saat ini, beliau       concurrent positions, either in the Company and Subsidiaries
   tidak memiliki rangkap jabatan, baik di Perseroan dan Entitas     or other public companies.
   Anak ataupun perusahaan publik lain.




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  Aktivitas di Bidang Keberlanjutan                                   Activities in the Sustainability Sector

  Mengikuti seminar dan konferensi internasional, seperti             Attended international seminars and conferences, such
  Presentation to the Minister of Energy and the Electricity          as Presentation to the Minister of Energy and the Electricity
  Board, Government of Egypt, Cairo (2003); Regulation                Board, Government of Egypt, Cairo (2003); Regulation
  through Information and Benchmarking, Workshop on Utility           through Information and Benchmarking, Workshop on Utility
  Management, Arab League, Cairo (2003); Carbon Disclosure            Management, Arab League, Cairo (2003); Carbon Disclosure
  Policy Approaches, European Association of Environmental            Policy Approaches, European Association of Environmental
  and Resource Economists (EAERE), Gothenburg, Sweden                 and Resource Economists (EAERE), Gothenburg, Sweden
  (2008); Role of Performance Management and Disclosure in            (2008); Role of Performance Management and Disclosure
  Local Governments, City of Guarulhos, Sao Paulo, Brazil (2010);     in Local Governments, City of Guarulhos, Sao Paulo,
  International Conference on Environmental Compliance                Brazil (2010); International Conference on Environmental
  and Enforcement, Whistler, British Columbia, Canada (2011);         Compliance and Enforcement, Whistler, British Columbia,
  dan Benchmarking and Baseline Performance Results for               Canada (2011); and Benchmarking and Baseline Performance
  the Electricity Sector in Egypt. Beliau juga aktif menulis          Results for the Electricity Sector in Egypt. He is also actively
  buku, riset, dan laporan internasional, di antaranya Carbon         writing books, research and international reports, including
  Disclosure Policy Approaches-Lessons from Carbon                    Carbon Disclosure Policy Approaches-Lessons from
  Monitoring for Action (CARMA) diterbitkan oleh EAERE                Carbon Monitoring for Action (CARMA) published by EEARE
  (2008); What Kinds of Firms are More Sensitive to Public            (2008); What Kinds of Firms are More Sensitive to Public
  Disclosure Programs for Pollution Control? diterbitkan oleh         Disclosure Programs for Pollution Control? published by
  EfD/RFF Discussion Paper (2008); Which Firms are More               EfD/RFF Discussion Paper (2008); What Kinds of Firms are
  Sensitive to Public Disclosure Schemes for Pollution Control?       More Sensitive to Public Disclosure Programs for Pollution
  Evidence from Indonesia’s PROPER Program diterbitkan                Control? Evidence from Indonesia’s PROPER Program
  oleh Environmental and Resource Economics (2009);                   published by Environmental and Resource Economics
  Non-Conundrum of the Prius Fallacy, CO2Scorecard Policy             (2009); Non-Conundrum of the Prius Fallacy, CO2Scorecard
  Note diterbitkan oleh The Washington Post (2012); serta             Policy Note published by The Washington Post (2012); and
  Environmental Regulation and Public Disclosure: The Case            Environmental Regulation and Public Disclosure: The Case of
  of PROPER in Indonesia diterbitkan oleh Routledge/RFF               PROPER in Indonesia published by Routledge/RFF Press (2013).
  Press (2013).


  Hubungan Afiliasi                                                   Affiliation Relationships

  Tidak memiliki hubungan afiliasi dengan anggota                     Has no affiliated relationships with members of the Board
  Dewan Komisaris, anggota Direksi, serta Pemegang                    of Commissioners, members of the Board of Directors, and
  Saham Pengendali.                                                   Controlling Shareholders.




Tugas dan Tanggung Jawab                                            Duties and Responsibilities

Tugas dan tanggung jawab Komite Keberlanjutan                       Duties and responsibilities of the Sustainability and
Usaha dan Tanggung Jawab Sosial Perusahaan                          Corporate Social Responsibility Committee are as
dijelaskan sebagai berikut.                                         explained below.
1. Memberikan           rekomendasi           kepada                1. Providing recommendations to Board of
    Dewan Komisaris untuk pengembangan dan                             Commissioners on the development and
    pelaksanaan tanggung jawab sosial serta rencana                    implementation of social responsibility and plans
    dalam hal pengembangan kelestarian dan                             of developing the sustainability and business
    keberlanjutan usaha Perseroan dan Entitas Anak.                    continuity of the Company and Subsidiaries.
2. Mendukung fungsi pengawasan Dewan Komisaris                      2. Supporting the supervisory function of the Board
    dengan     memantau      pengembangan        dan                   of Commissioners by monitoring the development
    implementasi rencana program keberlanjutan                         and implementation of sustainability and social
    dan tanggung jawab sosial di Perseroan dan                         responsibility program plans in the Company and
    Entitas Anak.                                                      Subsidiaries.
3. Melakukan pemantauan dan memastikan bahwa                        3. Monitoring and ensuring the implementation
    pelaksanaan praktik umum pengembangan                              of general practices for the development of
    kelestarian dan keberlanjutan usaha dan                            sustainability and business continuity and social
    tanggung jawab sosial di Perseroan dan Entitas                     responsibility in the Company and its Subsidiaries
    Anak dilakukan sesuai dengan ketentuan                             are carried out following the provisions of the
    perundang-undangan yang berlaku.                                   applicable laws and regulations.




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4. Membantu Dewan Komisaris dalam memastikan            4. Assisting the Board of Commissioners in ensuring
   aspek-aspek terkait environment, social, and            aspects related to environment, social, and
   governance (ESG) dan keberlanjutan usaha dari           governance (ESG) and business sustainability
   kegiatan operasional Perseroan dan Entitas Anak         from the operational activities of the Company
   diidentifikasi, didokumentasikan, dan dievaluasi        and Subsidiaries are identified, documented, and
   secara akurat dan berkala.                              evaluated accurately and periodically.
5. Membantu Dewan Komisaris untuk melaksanakan          5. Assisting the Board of Commissioners in carrying
   fungsi pengawasan, pengembangan, saran dan              out the functions of supervision, development,
   arahan kepada Direksi Perseroan mengenai                advice and direction to the Company’s Board
   aspek terkait ESG dan keberlanjutan usaha dan           of Directors on aspects related to ESG and
   program tanggung jawab sosial Perseroan.                business sustainability and the Company’s social
                                                           responsibility programs.
6. Membantu Direksi dalam mengembangkan                 6. Assisting the Board of Directors in developing the
   kemampuan      manajemen    dan   karyawan              capabilities of the Company’s management and
   Perseroan dalam hal aspek-aspek terkait ESG,            employees in terms of aspects related to ESG,
   keberlanjutan usaha, dan program tanggung               business sustainability and social responsibility
   jawab sosial.                                           programs.



Pelaksanaan Tugas Tahun 2024                            Implementation of Duties in 2024

Komite Keberlanjutan Usaha dan Tanggung Jawab           Throughout 2024, the Sustainability and Corporate
Sosial Perusahaan telah menjalankan tugas dan           Social Responsibility Committee had carried out its
tanggung jawabnya sepanjang tahun 2024 sesuai           duties and responsibilities in accordance with the
dengan pedoman kerja yang berlaku, sebagai berikut.     applicable work policy as follows.
1. Berkomunikasi, bekerja sama, dan berkoordinasi       1. Communicated, cooperated, and coordinated
   dengan Direksi serta semua unit kerja dalam             with the Board of Directors and all work units in
   rangka meminta informasi, klarifikasi, dan              order to request information, clarification, and files
   berkas-berkas atau laporan-laporan yang                 or reports deemed related to the implementation
   dirasa terkait dalam pelaksanaan kelestarian            of business sustainability and continuity as well
   dan keberlanjutan usaha serta tanggung jawab            as corporate social responsibility.
   sosial perusahaan.
2. Memberikan rekomendasi dan masukan kepada            2. Provided recommendations and inputs to the
   Direksi dan unit kerja atas audit khusus dalam hal      Board of Directors and work units on special audit
   pengawasan kelestarian dan keberlanjutan serta          to oversee the sustainability and continuity as well
   tanggung jawab sosial perusahaan, khususnya             as the corporate social responsibility, particularly
   sehubungan dengan pemenuhan kewajiban.                  in relation to the fulfilment of obligations.
3. Melakukan pengawasan atas proses digitalisasi        3. Supervised the Company’s digitalization process
   Perseroan dengan memberikan masukan dan                 by providing input and advices to improve
   saran untuk pengembangan platform Teladan               the Teladan Green Metrics (TGM) and Teladan
   Green Metrics (TGM) dan Teladan Productivity            Productivity Technology Science (TPTS) platforms.
   Technology Science (TPTS).
4. Memberikan masukan, saran, dan inisiatif kepada      4. Provided inputs, advices, and initiatives to
   Manajemen Perseroan dalam menjalankan bisnis            the Company’s Management in carrying out
   yang berkelanjutan, agar dapat menghasilkan             a sustainable business in order to produce
   dampak yang positif bagi seluruh pemangku               a positive impact on all stakeholders and
   kepentingan dan lingkungan.                             the environment.
5. Melakukan pengawasan serta memberikan                5. Conducted supervision and providing inputs and
   masukan dan saran untuk pembangunan Biogas              advices on the construction of the Biogas Power
   Power Plant (BPP).                                      Plant (BPP).




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Rapat                                                         Meetings

Komite Keberlanjutan Usaha dan Tanggung Jawab                 Sustainability and Corporate Social Responsibility
Sosial    Perusahaan     menyelenggarakan     rapat           Committee held meeting at least once every
setidaknya sekali setiap 3 bulan, dengan kehadiran            3 months, attended by more than ½ of the members.
lebih dari ½ jumlah anggota. Sepanjang tahun                  Throughout 2024, this committee has held
2024, komite ini telah mengadakan rapat sebanyak              5 meetings, with the level of attendance disclosed in
5 kali, dengan tingkat kehadiran diungkapkan dalam            the below table.
tabel berikut.


           Nama                    Jabatan                Total Rapat             Kehadiran
                                                                                                          %
           Name                    Position              Total Meetings           Attendance

                         Ketua
Dr. Yaya Rayadin                                                5                       5                100,0
                         Chairman

                         Anggota
Richard Bruce Ness                                              5                       2                 40,0
                         Member

                         Anggota
Shakeb Afsah                                                    5                       5                100,0
                         Member

Rata-rata Kehadiran Rapat
                                                                                                         80,0
Average Meeting Attendance




Pengembangan Kompetensi                                       Competence Development

Perseroan memfasilitas program pengembangan                   The     Company      is   facilitating   competence
kompetensi untuk mendorong efektivitas dan kinerja            development program to boost the effectiveness
Komite Keberlanjutan Usaha dan Tanggung Jawab                 and performance of the Sustainability and
Sosial Perusahaan, serta memastikan komite ini                Corporate Social Responsibility Committee, while
memahami tren, tantangan, dan perkembangan                    ensuring this committee understands the latest
terbaru yang terjadi di industri. Sepanjang tahun             trend, challenges, and development occurring in the
2024, Perseroan telah melaksanakan program                    industry. Throughout 2024, the Company has held
pengembangan kompetensi bagi anggota Komite                   competence development program for members of
Keberlanjutan Usaha dan Tanggung Jawab Sosial                 the Sustainability and Corporate Social Responsibility
Perusahaan sebagai berikut.                                   Committee as follows.


                                                                          Tempat/Sarana dan
    Nama           Jabatan                Topik Pelatihan                   Waktu Pelatihan        Penyelenggara
    Name           Position               Topic of Training               Location/Facility and      Organizer
                                                                            Period of Training

                               Narasumber: Pelepas Liaran Orangutan                                      TVRI
                                    di Hutan Lindung Kutai Timur               Samarinda,         Kalimantan Timur
                                  Speaker: Rewilding Orangutan in             18 March 2024              TVRI
                                     East Kutai Protected Forest                                   East Kalimantan

                                    Tenaga Ahli Aspek Perlindungan
                                Lingkungan Tahun 2024 Dalam Rangka
                              Mendukung Penyusunan Norma, Standar,
                                  Pedoman dan Kriteria (NSPK) yang
Dr. Yaya          Ketua       Melingkupi Pelaksanaan Pengelolaan dan                              Kementerian Energi
Rayadin           Chairman    Pemantauan Lingkungan serta Reklamasi                                dan Sumber Daya
                                          dan Pascatambang                     Samarinda,           Mineral (ESDM)
                               Expert in 2024 Environmental Protection        18 April 2024       Energy and Mineral
                                  Aspects to Support the Formulation                               Resources (ESDM)
                                 of Norms, Standards, Guidelines, and                                   Ministry
                               Criteria (NSPK) on the Implementation of
                              Environmental Management, Monitoring,
                                   and Reclamation and Post-Mining
                                               Activities.




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                                                                       Tempat/Sarana dan
    Nama        Jabatan                Topik Pelatihan                   Waktu Pelatihan         Penyelenggara
    Name        Position               Topic of Training               Location/Facility and       Organizer
                                                                         Period of Training

                                                                                                 Internal Perseroan
                                Breaking The Wall: Who Wants                Balikpapan,
                                                                                                 Company Internal
                                    to be a Transformers?                   24 May 2024
                                                                                                  (TPA Conference)

                                                                                                 Forum Komunikasi
                           Narasumber: Lingkungan Pascatambang                                      Pengelolaan
                                “Mine Closure Adaro Indonesia                                        Lingkungan
                              (Challenges & Opportunities) dan                                     Pertambangan
                           Konservasi Biodiversity Pascatambang”                                      Indonesia
                                                                        Online, 30 May 2024
                              Speaker: Post-Mining Environment                                    Communication
                                “Mine Closure Adaro Indonesia                                         Forum for
                              (Challenges & Opportunities) and                                   Indonesian Mining
                            Post-Mining Biodiversity Conservation”                                 Environmental
                                                                                                    Management

                           Narasumber: Mitigasi Konflik dan Upaya
Dr. Yaya        Ketua      Konservasi Orangutan PT Penambangan
                                                                             Samarinda,
Rayadin         Chairman      Speaker: Conflict Mitigation and                                   PT Penambangan
                                                                        1-4 September 2024
                             Conservation Effort of Orangutan in
                                     Mining Companies

                                     Pelatihan Perhitungan
                                Stok Karbon Hutan dan Kebun                    Online,           Focus Consulting
                              Forest and Plantation Carbon Stock       21-22 September 2024           Group
                                      Calculation Training

                                                                                                 Perhimpunan Ahli
                              Narasumber: Lokakarya Peta Jalan                                     dan Pemerhati
                             Konservasi Colobinae dan Bekantan                                   Primata Indonesia
                             Indonesia Seri 2: Region Kalimantan               Online,               (PERHAPPI)
                              Speaker: Colobinae and Bekantan            12 November 2024       Indonesian Primate
                            Conservation Roadmap in Indonesia                                  Expert and Observers
                            Workshop Series 2: Kalimantan Region                                    Association
                                                                                                     (PERHAPPI)

Richard Bruce   Anggota          Pada tahun 2024, Bapak Bruce Ness dan Bapak Shakeb Afsah secara mandiri
Ness            Member       meningkatkan kompetensi mereka melalui pembelajaran mandiri dengan membaca
                                          buku dan memanfaatkan berbagai sumber informasi digital.
                Anggota    In 2024, Mr. Bruce Ness and Mr. Shakeb Afsah independently enhance their competencies
Shakeb Afsah
                Member      through self-directed learning by reading books and utilizing various digital resources.




SEKRETARIS PERUSAHAAN
  Corporate Secretary


Sekretaris Perusahaan memastikan kelancaran                The Corporate Secretary ensures a smooth
komunikasi antara Perseroan dan pemangku                   communication between the Company and
kepentingan serta bertanggung jawab atas                   stakeholders and responsible for the implementation
pelaksanaan tata kelola administrasi sesuai                of administrative governance in line with the
kebijakan yang berlaku.                                    applicable policy.



Pedoman Kerja                                              Work Policy

Piagam Sekretaris Perusahaan (Corporate Secretary)         The Corporate Secretary Charter was established
ditetapkan pada tanggal 29 November 2021. Piagam           on 29 November 2021. This charter is reviewed and
ini ditinjau dan dikaji secara berkala dengan              assessed periodically, with the latest update on
pembaruan terakhir pada 24 November 2023. Selain           24 November 2023. Additionally, the charter complies


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itu, piagam telah memenuhi dan menyesuaikan                         with and is aligned with the Financial Services
dengan Peraturan Otoritas Jasa Keuangan                             Authority Regulation No. 35/POJK.04/2014 concerning
No. 35/POJK.04/2014 tentang Sekretaris Perusahaan                   Corporate Secretary of Issuers or Public Companies.
Emiten atau Perusahaan Publik.



Profil Sekretaris Perusahaan                                        Corporate Secretary Profile

Selama tahun 2024, posisi Sekretaris Perusahaan                     In 2024, the Corporate Secretary remains unchanged
tidak mengalami perubahan dan masih dijabat oleh                    and still served by Mr. Arya Wibisana as per the Decree
Bapak Arya Wibisana berdasarkan Surat Keputusan                     of the Board of Directors No. 001/SK-DIR/TPA/XI/2022
Direksi  No.    001/SK-DIR/TPA/XI/2022     tanggal                  dated 7 November 2022 regarding the appointment
7 November 2022 tentang Pengangkatan Sekretaris                     of the Corporate Secretary, with the detailed profile as
Perusahaan, dengan rincian profil sebagai berikut.                  follows.




Arya
Wibisana
Sekretaris Perusahaan
Corporate Secretary


Warga Negara Indonesia, berusia 48 tahun, berdomisili di Jakarta.
Indonesian Citizen, 48 years old, domiciled in Jakarta.




   Riwayat Pendidikan                                                 Education History

   Meraih gelar Sarjana Hukum dari Universitas Indonesia              Bachelor of Law from Universitas Indonesia (2001).
   (2001).


   Pengalaman Kerja                                                   Work Experience

   Mengawali karier sebagai Legal Officer PT Gemari Mutu              Started his career as a Legal Officer at PT Gemari Mutu
   Manikam (2006-2008). Beliau juga pernah menjabat                   Manikam (2006-2008). He also served as Marketing and
   sebagai Marketing and Reinsurance Officer PT Asuransi              Reinsurance Officer at PT Asuransi Asei Indonesia (formerly
   Asei Indonesia (d/h PT Asuransi Ekspor Indonesia (Persero))        PT Asuransi Ekspor Indonesia (Persero)) (2009), Corporate
   (2009), Corporate Lawyer PT Timah (Persero) Tbk (2009-2013),       Lawyer of PT Timah (Persero) Tbk (2009-2013), Head Legal
   Head Legal Wilberforce Argo Law Firm (in association with          Wilberforce Argo Law Firm (in association with TJ Cheng
   TJ Cheng Law Corporation Singapore) (2013-2019), Senior            Law Corporation Singapore) (2013-2019), Senior Legal
   Legal Manager PT Aerowisata (2019-2020), dan Legal                 Manager of PT Aerowisata (2019- 2020), and Legal Partner
   Partner PT Indo Dharma Persada (2020-2021). Sebelum                of PT Indo Dharma Persada (2020-2021). Prior to joining the
   bergabung dengan Perseroan, beliau merupakan Group                 Company, he was a Group Structural Integration Senior
   Structural Integration Senior Manager Corporate Secretary          Manager Corporate Secretary of PT Bukalapak.com Tbk
   PT Bukalapak. com Tbk (Oktober 2021-November 2022).                (October 2021-November 2022). He did not have concurrent
   Saat ini, beliau tidak memiliki rangkap jabatan, baik di           position, either in the Company and Subsidiaries or
   Perseroan dan Entitas Anak ataupun perusahaan lain.                other companies.


   Hubungan Afiliasi                                                  Affiliation Relationships

   Tidak memiliki hubungan afiliasi dengan anggota                    Has no affiliated relationships with members of the Board
   Dewan Komisaris, anggota Direksi, serta Pemegang                   of Commissioners, members of the Board of Directors, and
   Saham Pengendali.                                                  Controlling Shareholders.




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Tugas dan Tanggung Jawab                                  Duties and Responsibilities

Tugas dan tanggung jawab Sekretaris Perusahaan            Duties and responsibilities of the Corporate Secretary
dijelaskan sebagai berikut.                               are as explained below.
1. Mengikuti      perkembangan     pasar     modal,       1. Following the development of the capital market,
    khususnya peraturan perundang-undangan                   especially the laws and regulations that apply
    yang berlaku di bidang pasar modal, memberikan           in the capital market sector, providing input to
    masukan kepada Dewan Komisaris dan Direksi               the Board of Commissioners and the Board of
    Perseroan     terkait  pemenuhan      ketentuan          Directors of the Company on compliance with
    peraturan perundang-undangan di bidang                   the provisions of the laws and regulations in the
    pasar modal.                                             capital market sector.
2. Memberikan masukan kepada Dewan Komisaris              2. Providing input to the Board of Commissioners
    dan Direksi untuk mematuhi ketentuan peraturan           and Board of Directors to comply with the
    perundang-undangan di bidang pasar modal.                provisions of the laws and regulations in the
                                                             capital market sector.
3. Membantu Dewan Komisaris dan Direksi                   3. Assisting Board of Commissioners and Board
   dalam pelaksanaan tata kelola perusahaan                  of Directors to implement good corporate
   yang meliputi:                                            governance which includes:
   a. Keterbukaan informasi kepada masyarakat,               a. Information disclosure to the public, and
      termasuk ketersediaan informasi pada situs                 availability of information on the Company’s
      web Perseroan;                                             website;
   b. Penyampaian laporan kepada Otoritas Jasa               b. Submission of reports to Financial Services
      Keuangan tepat waktu;                                      Authority in a timely manner;
   c. Penyelenggaraan dan dokumentasi RUPS;                  c. GMS implementation and documentation;
   d. Penyelenggaraan dan dokumentasi rapat                  d. Implementation and documentation of
      Direksi dan/atau Dewan Komisaris; serta                    meetings of Board of Directors and/or Board
                                                                 of Commissioners; and
     e. Pelaksanaan program orientasi terhadap               e. Implementation of Company’s orientation
         perusahaan        bagi     Direksi   dan/atau           program for Board of Directors and/or Board
         Dewan Komisaris.                                        of Commissioners.
4.   Sebagai penghubung antara Perseroan dengan           4. Acting as a liaison between the Company and
     Pemegang Saham Perseroan, Otoritas Jasa                 the Company’s Shareholders, Financial Services
     Keuangan, dan pemangku kepentingan lainnya.             Authority, and other stakeholders.
5.   Wajib menjaga kerahasiaan dokumen, data,             5. Mandatory safeguarding the confidentiality of
     dan informasi yang bersifat rahasia, kecuali            confidential documents, data, and information,
     dalam rangka memenuhi kewajiban sesuai                  except when fulfilling obligations in accordance
     dengan       peraturan       perundang-undangan         with laws and regulations or as otherwise
     atau     ditentukan     lain   dalam     peraturan      specified in legal provisions.
     perundang-undangan.
6.   Dilarang mengambil keuntungan pribadi, baik          6. Taking personal advantage, whether directly or
     secara langsung maupun tidak langsung, yang             indirectly, to the detriment of the Company is
     merugikan Perseroan.                                    strictly prohibited.
7.   Membuat laporan secara berkala paling kurang         7. Submitting periodic reports, at least once a
     1 kali dalam 1 tahun mengenai pelaksanaan               year, on the implementation of the Corporate
     fungsi Sekretaris Perusahaan kepada Direksi dan         Secretary function to the Board of Directors and
     ditembuskan kepada Dewan Komisaris.                     copying them to the Board of Commissioners.
8.   Sekretaris     Perusahaan       harus    mengikuti   8. Participating in education and/or training, the
     pendidikan        dan/atau       pelatihan     dan      Corporate Secretary is required to disclose a brief
     mengungkapkan uraian singkat pelaksanaan                description of the Corporate Secretary Function’s
     Fungsi Sekretaris Perusahaan dan informasi              implementation and provide information about
     mengenai pendidikan dan/atau pelatihan yang             the education and/or training attended.
     diikuti Sekretaris Perusahaan.




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Pelaksanaan Tugas Tahun 2024                             Implementation of Duties in 2024

Selama tahun 2024, Sekretaris Perusahaan telah           The Corporate Secretary had carried out its duties
menjalankan tugas dan tanggung jawab sesuai              and responsibilities throughout 2024, in line with the
pedoman kerja yang berlaku, dengan rincian               applicable work policy, as detailed below.
sebagai berikut.
1. Mengikuti berbagai perkembangan informasi             1.   Followed various development of information
   yang    disediakan   oleh    regulator terkait,            from relevant regulators, such as seminars,
   seperti seminar, sosialisasi, dan kegiatan                 dissemination and other activities. The Corporate
   lainnya. Selain itu, Sekretaris Perusahaan                 Secretary also regularly monitored the capital
   secara berkala memantau perkembangan                       market development through Indonesia Stock
   pasar modal melalui situs web Bursa Efek                   Exchange website and informed any changes
   Indonesia dan menginformasikan perubahan                   or adjustment of regulations to the Board of
   atau penyesuaian peraturan yang terjadi                    Directors.
   kepada Direksi.
2. Melakukan pembaruan informasi di situs web            2. Updated the information on the Company’s
   Perseroan dan Bursa Efek Indonesia.                      website and the Indonesia Stock Exchange’s
                                                            website.
3. Menyelenggarakan RUPS Tahunan, serta rapat            3. Organized the Annual GMS, as well as internal and
   internal dan rapat gabungan Dewan Komisaris              joint meetings of the Board of Commissioners
   dan Direksi, serta menyusun risalah rapat.               and Board of Directors, as well as compiled the
                                                            minutes of meetings.
4. Menyampaikan Laporan Tahunan, Laporan                 4. Submitted Annual Reports, Financial Statements,
   Keuangan, dan laporan lainnya kepada regulator           and other reports to the regulators in a
   dengan tepat waktu.                                      timely manner.
5. Memaksimalkan         komunikasi      dengan          5. Optimizing communications by providing latest
   menyediakan informasi dan data terbaru                   information and data, based on the needs of
   sesuai kebutuhan masing-masing pemangku                  each stakeholder, such as preparing press
   kepentingan, seperti menyusun press release              releases for media, updating websites for
   untuk media, memperbarui situs web untuk                 customers, media, Shareholders, and other forms
   pelanggan, media, Pemegang Saham, dan                    of communications.
   bentuk komunikasi lainnya.



Pengembangan Kompetensi                                  Competence Development

Perseroan memfasilitas program pengembangan              The    Company     is    facilitating competence
kompetensi untuk mendorong efektivitas dan kinerja       development program to boost the effectiveness
Sekretaris Perusahaan, serta memastikan organ ini        and performance of Corporate Secretary, while
memahami tren, tantangan, dan perkembangan               ensuring this organ understands the latest trend,
terbaru yang terjadi di industri. Sepanjang tahun        challenges, and development occurring in the
2024, Perseroan telah melaksanakan program               industry. Throughout 2024, the Company has
pengembangan       kompetensi     bagi   Sekretaris      held competence development program for the
Perusahaan sebagai berikut.                              Corporate Secretary as follows.


                                                         Tempat/Sarana dan
                   Topik Pelatihan                         Waktu Pelatihan                Penyelenggara
                   Topic of Training                     Location/Facility and              Organizer
                                                           Period of Training

    Pendalaman Peraturan Otoritas Jasa Keuangan
      No. 14/POJK.04/2022 tentang penyampaian
               Laporan Keuangan Emiten                                                 Otoritas Jasa Keuangan
                                                          Jakarta, 7 March 2024
  Deepening of Financial Services Authority Regulation                               Financial Services Authority
        No. 14/POJK.04/2022 on submission of
            Financial Statements of Issuers




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                                                         Tempat/Sarana dan
                  Topik Pelatihan                          Waktu Pelatihan               Penyelenggara
                  Topic of Training                      Location/Facility and             Organizer
                                                           Period of Training

        Pelaksanaan CSR Berbasis ISO 26000
                                                          Jakarta, 4 April 2024              OlahKarsa
         Implementation of ISO 26000 CSR

                                                                                         Internal Perseroan
Breaking The Wall: Who Wants to be a Transformers?      Balikpapan, 24 May 2024          Company Internal
                                                                                          (TPA Conference)

   Taksonomi Keuangan Berkelanj utan Indonesia:
  Inovasi untuk Mencapai Tujuan Net Zero Emission
          dalam Transisi Energi di Indonesia                                          Otoritas Jasa Keuangan
                                                          Jakarta, 28 May 2024
     Indonesia Sustainable Finance Taxonomy:                                        Financial Services Authority
 Innovations in Achieving Net Zero Emission Goals in
            Indonesia’s Energy Transition

   Integrated Corporate Communication Strategy            Jakarta, 16 July 2024         Kawan Lama Group

  Pendalaman Peraturan Otoritas Jasa Keuangan
 No. 42/POJK.04/2020 dan Peraturan Otoritas Jasa
          Keuangan No. 17/POJK.04/2020
                                                         Jakarta, 15 August 2024          ICSA Academy
Deepening of Financial Services Authority Regulation
No. 42/POJK.04/2020 and Financial Services Authority
          Regulation No. 17/POJK.04/2020

    Transisi yang Adil: Kolaborasi Internasional
                                                                                      Indonesia International
              dan Teknologi (AI Hijau)
                                                       Jakarta, 5 September 2024     Sustainability Forum (ISF)/
    Fair Transition: International Collaboration
                                                                                         Tony Blair Institute
             and Technology (Green AI)

                                                                                       Indonesia International
                Sumber Energi Baru                                                   Sustainability Forum (ISF)/
                                                       Jakarta, 5 September 2024
                New Energy Sources                                                  Pertamina New & Renewable
                                                                                              Energy

                                                                                      Indonesia International
                       Biofuel                         Jakarta, 6 September 2024     Sustainability Forum (ISF)/
                                                                                             Sinarmas

        Transaksi Material dan Perubahan
       Kegiatan Usaha Perusahaan Terbuka                                                 Internal Perseroan
                                                       Jakarta, 9 September 2024
       Material Transactions and Changes to                                              Company Internal
      Business Activities of Public Companies

             Role of Corporate Secretary               Jakarta, 24 September 2024          Hukumonline

     Melindungi Reputasi, menjaga Integritas:
      Strategi Anti-Money Laundering Terkini
                                                       Jakarta, 25 September 2024         ICSA Academy
  Safeguarding Reputation, Maintaining Integrity:
     Latest Anti-Money Laundering Strategies

      Regulatory Technology Talk II: The Role of
                                                          Bali, 17 October 2024            Hukumonline
     Business Leaders in the Era of Digitalization

 Building a Strong ESG Culture: The Role of In-House
 Counsel in Ensuring Compliance and Transforming          Bali, 18 October 2024            Hukumonline
              Organizational Behaviour

    Transaksi Afiliasi dan Benturan Kepentingan                                          Internal Perseroan
                                                       Jakarta, 9 September 2024
    Affiliated Transaction and Conflict of Interest                                      Company Internal

    Penerapan Anti-Korupsi, Anti-Penyuapan &
   Praktek Perilaku Usaha Beretika di Perusahaan                                         Internal Perseroan
                                                       Jakarta, 29 November 2024
Implementation of Anti-Corruption, Anti-Bribery, and                                     Company Internal
     Ethical Business Practices in the Company




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UNIT AUDIT INTERNAL
  Internal Audit Unit


Unit Audit Internal adalah organ pendukung Direksi    Internal Audit Unit is the Board of Directors’
yang berperan dalam mengawasi efektivitas sistem      supporting organ that functions to oversee the
pengendalian internal, manajemen risiko, dan          overall effectiveness of internal control system,
pelaksanaan GCG secara menyeluruh di Perseroan.       risk management and GCG implementation in
                                                      the Company.



Pedoman Kerja                                         Work Policy

Piagam Unit Audit Internal ditetapkan pada tanggal    The Internal Audit Unit Charter was established
24 November 2023. Piagam ini telah disesuaikan        on 24 November 2023. This charter has been aligned
dengan Peraturan Otoritas Jasa Keuangan               with the Financial Services Authority Regulation
No. 56/POJK.04/2015 tentang Pembentukan dan           No. 56/POJK.04/2015 on the Establishment and
Pedoman Penyusunan Piagam Unit Audit Internal.        Guidelines for Preparing the Internal Audit Unit
Dengan adanya piagam ini, diharapkan Unit Audit       Charter. With this charter, it is expected that
Internal dapat menjalankan tugas, tanggung jawab,     the Internal Audit Unit can perform its duties,
dan wewenangnya secara profesional, sesuai            responsibilities, and    authority    professionally,
dengan kebijakan yang berlaku.                        in accordance with applicable policies.



Struktur dan Kedudukan                                Structure and Position

Berdasarkan struktur organisasi perusahaan, Unit      Based on the organization structure of the company,
Audit Internal berada di bawah Direktur Utama         the Internal Audit Unit serves under the President
dan dipimpin oleh Kepala Unit Audit Internal yang     Director and led by Head of Internal Audit Unit who
bertanggung jawab langsung kepada Direktur            answers directly to the President Director. This unit
Utama. Unit ini memiliki wewenang untuk bekerja       has the authority to work with the Audit Committee
sama dengan Komite Audit serta akses menyeluruh,      as well as having full, free, and unrestricted access to
bebas, dan tak terbatas terhadap seluruh catatan,     all records, physical properties, and employees of the
properti fisik, dan karyawan Perseroan, selama        Company, provided that the audit activity is related
kegiatan audit berkaitan dengan penugasan             to the assignment and mandate granted. Meanwhile,
dan mandat yang diberikan. Sementara itu,             the Head of Internal Audit Unit is appointed and
pengangkatan dan pemberhentian Kepala Unit            dismissed by President Director with the approval of
Audit Internal dilakukan oleh Direktur Utama atas     the Board of Commissioners.
persetujuan Dewan Komisaris.

Per 31 Desember 2024, Perseroan memiliki 29 Auditor   As of 31 December 2024, the Company has 29 Internal
Internal, termasuk Kepala Unit Audit Internal.        Auditors, including the Head of Internal Audit Unit.




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Profil Kepala Unit Audit Internal                                    Profile of Head of Internal Audit Unit

Selama tahun 2024, posisi Kepala Unit Audit Internal                 Throughout 2024, the position of Head of the Internal
tidak mengalami perubahan. Berdasarkan Surat                         Audit Unit remained unchanged. Based on the Decree
Keputusan Direksi PT Teladan Prima Agro Tbk                          of the Board of Directors of PT Teladan Prima Agro Tbk
No. 04/SK-DIR/TPA/XI/2021, Bapak Rachmat Nugroho                     No. 04/SK-DIR/TPA/XI/2021, Mr. Rachmat Nugroho still
tetap menjabat sebagai Kepala Unit Audit Internal,                   serves as Head of the Internal Audit Unit, with detailed
dengan rincian profil sebagai berikut.                               profile as follows.




Rachmat
Nugroho
Kepala Unit Audit Internal
Head of Internal Audit Unit


Warga Negara Indonesia, berusia 56 tahun, berdomisili di Jakarta.
Indonesian Citizen, 56 years old, domiciled in Jakarta.




   Riwayat Pendidikan                                                  Education History

   Menyelesaikan pendidikan Akuntansi di Sekolah Tinggi Ilmu           Completed a degree in accounting at the College of
   Ekonomi (STIE) Yayasan Keluarga Pahlawan Negara (YKPN)              Economics (STIE) Yayasan Keluarga Pahlawan Negara
   Yogyakarta. Beliau juga telah mengikuti dan lulus ujian dari        (YKPN) Yogyakarta. He has also taken and passed exams
   berbagai lembaga sertifikasi profesi, seperti Indonesian
                                                                       from various professional certification agencies, such as
   Society of Appraiser (MAPPI), Chartered Financial Analyst
   Institute (lulus ujian CFA-level 1), dan Institute of Financial     the Indonesian Society of Appraisers (MAPPI), the Chartered
   Consultants.                                                        Financial Analyst Institute (passed the CFA-level 1 exam), and
                                                                       the Institute of Financial Consultants.


   Pengalaman Kerja                                                    Work Experience

   Memiliki pengalaman 31 tahun di bidang Corporate                    Having 31 years of experience in Corporate Finance, Strategic
   Finance, Strategic Planning, dan Performance Management.            Planning, and Performance Management. His career began
   Kariernya dimulai sebagai Product Posting Section Head              as Product Posting Section Head PT HM Sampoerna Tbk
   PT HM Sampoerna Tbk (1990-1992). Kemudian, melanjutkan
                                                                       (1990-1992). Then, continued his career at leading financial
   karier di perusahaan financial advisory terkemuka di
   Indonesia, seperti PT Klynveld Peat Marwick Goerdeler               advisory companies in Indonesia, such as PT Klynveld Peat
   (KPMG), PT Pricewaterhouse Cooper (PwC), Deloitte                   Marwick Goerdeler (KPMG), PT Pricewaterhouse Cooper
   Konsultan Indonesia sebagai Direktur (2008-2012), Senior            (PwC), Deloitte Konsultan Indonesia as Director (2008-2012),
   Vice President Corporate Strategy, Finance & Treasury               Senior Vice President Corporate Strategy, Finance & Treasury
   PT Teladan Resources (2012-2018), serta Direktur Keuangan di        PT Teladan Resources (2012-2018), and Director of Finance
   PT Mandala Multifinance Tbk (2018-2021). Saat ini, beliau tidak     at PT Mandala Multifinance Tbk (2018-2021). He held no
   memiliki rangkap jabatan, baik di Perseroan dan Entitas Anak        concurrent positions, either in the Company and Subsidiaries
   atau perusahaan lain.                                               or other companies.


   Hubungan Afiliasi                                                   Affiliation Relationships

   Tidak memiliki hubungan afiliasi dengan anggota                     Has no affiliated relationships with members of the Board
   Dewan Komisaris, anggota Direksi, serta Pemegang                    of Commissioners, members of the Board of Directors, and
   Saham Pengendali.                                                   Controlling Shareholders.




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Tugas dan Tanggung Jawab                                Duties and Responsibilities

Tugas dan tanggung jawab Unit Audit Internal            Duties and responsibilities of the Internal Audit Unit
dijelaskan sebagai berikut.                             are as explained below.
1. Menyusun dan melaksanakan rencana dan                1. Prepare and implement an annual internal audit
    anggaran audit internal tahunan berdasarkan            plan and budget, aligning with risk prioritization in
    prioritas risiko sesuai dengan tujuan Perseroan.       accordance with the Company’s objectives.
2. Menguji dan mengevaluasi pelaksanaan sistem          2. Testing and evaluating the implementation
    pengendalian internal dan sistem manajemen             of internal control system and management
    sesuai dengan kebijakan Perseroan.                     systems in accordance with Company policies.
3. Memeriksa dan menilai efisiensi dan efektivitas      3. Examining and assessing the efficiency and
    di bidang keuangan, akuntansi, operasional,            effectiveness of finance, accounting, operations,
    sumber daya manusia, pemasaran, teknologi              human      resources,     marketing,   information
    informasi, dan kegiatan lainnya.                       technology, and other activities.
4. Memberi saran perbaikan dan informasi yang           4. Providing     improvement      suggestions       and
    objektif pada kegiatan yang diperiksa pada             objective info on the activities examined at all
    semua tingkat manajemen.                               management levels.
5. Membuat laporan hasil audit dan menyampaikan         5. Preparing an audit report and submit the
    laporan tersebut kepada Direktur Utama dan             report to the President Director and Board of
    Dewan Komisaris.                                       Commissioners.
6. Memantau, menganalisis, dan melaporkan               6. Monitoring, analyzing, and reporting the
    pelaksanaan tindak lanjut perbaikan yang telah         implementation of follow-up improvements that
    disarankan.                                            have been suggested.
7. Bekerja sama dengan Komite Audit.                    7. Cooperating with the Audit Committee.
8. Menyusun program untuk mengevaluasi mutu             8. Preparing a program to evaluate the quality of
    kegiatan audit internal yang dilakukannya.             the Internal Audit activities.
9. Melakukan         pemeriksaan    khusus    apabila   9. Carrying out special inspections, if necessary.
    diperlukan.



Pelaksanaan Tugas Tahun 2024                            Implementation of Duties in 2024

Unit Audit Internal Perseroan telah melaksanakan        Throughout 2024, the Company’s Internal Audit
tugas dan tanggung jawab sesuai pedoman kerja           Unit had carried out the duties and responsibilities
yang berlaku selama tahun 2024, dengan rincian          in accordance with the applicable work policy, as
sebagai berikut.                                        detailed below.
1. Mempersiapkan dan melaksanakan rencana               1. Prepared and implemented the annual internal
   dan anggaran aktivitas audit internal tahunan           audit activity plan and budget based on risk
   berdasarkan prioritas risiko sesuai dengan tujuan       priorities following the Company’s goals.
   Perseroan.
2. Menyampaikan dan membahas temuan dan                 2. Reported       and   discussed      findings  and
   rekomendasi perbaikan dari setiap audit yang            recommendations for improvement from each
   dilaksanakan kepada penanggung jawab                    audit carried out to the person in charge of each
   masing-masing unit ataupun kegiatan.                    unit or activity.
3. Menyusun       dan    menyampaikan         laporan   3. Prepared and submitted audit reports to the
   hasil audit kepada Direktur Utama dan                   President Director and the Board of Commissioners
   Dewan Komisaris secara rutin pada pelaksanaan           on a regular basis at meetings.
   rapat.
4. Memantau, menganalisis, dan melaporkan               4. Monitored,   analyzed,      and    reported the
   pelaksanaan tindak lanjut perbaikan (corrective         implementation of corrective actions that were
   actions) yang telah disarankan kepada seluruh           suggested to all divisions of the Company.
   bagian divisi Perseroan.
5. Menyelenggarakan rapat koordinasi dengan             5. Organized coordination meetings with Audit
   Komite    Audit    dan    membahas        berbagai      Committee and discussed various audit activities,
   kegiatan audit, progres, hasil, serta rekomendasi       progress, results, and recommendations for the
   pemeriksaan internal Perseroan.                         Company’s internal audit.




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6. Menyusun program dalam mengevaluasi mutu                  6. Developed a program to evaluate the quality of
   kegiatan audit yang dilakukan. Pada tahun 2024,              audit activities conducted. In 2024, evaluation of
   evaluasi terhadap mutu penerapan audit internal              the quality of internal audit implementation was
   telah disampaikan dalam evaluasi terhadap                    submitted in the evaluation of the effectiveness
   efektivitas sistem pengendalian internal.                    of internal control system.
7. Melakukan pemeriksaan khusus yang terkait                 7. Carried out special inspections related to
   dengan pengawasan pelaksanaan proyek-proyek                  supervisory duties on the implementation of
   strategis yang dijalankan selama tahun 2024.                 strategic projects carried out throughout 2024.
8. Melakukan pendampingan dan pengawasan                     8. Assist    and     supervise     the   preparation,
   atas penyusunan, pembuatan, dan pemutakhiran                 development, and updating of GCG principles
   prinsip, serta praktik-praktik GCG di Perseroan.             and practices within the Company.



Pengembangan Kompetensi                                      Competence Development

Perseroan memfasilitas program pengembangan                  The    Company         is facilitating competence
kompetensi untuk mendorong efektivitas dan                   development program to boost the effectiveness
kinerja Unit Audit Internal, serta memastikan organ          and performance of the Internal Audit Unit, while
ini memahami tren, tantangan, dan perkembangan               ensuring this organ understands the latest trend,
terbaru yang terjadi di industri. Sepanjang tahun            challenges, and development occurring in the
2024, Perseroan telah melaksanakan program                   industry. Throughout 2024, the Company has held
pengembangan kompetensi bagi Unit Audit Internal             competence development program for the Internal
sebagai berikut.                                             Audit Unit as follows.



                                                                  Tempat/Sarana dan
                      Topik Pelatihan                               Waktu Pelatihan               Penyelenggara
                      Topic of Training                           Location/Facility and             Organizer
                                                                    Period of Training

                                                                                                 Internal Perseroan
                                                                       Balikpapan,
     Breaking The Wall: Who Wants to be a Transformers?                                          Company Internal
                                                                       24 May 2024
                                                                                                  (TPA Conference)
Langkah-Langkah menuju Carbon Neutral dan Net Zero Emission                                     Bursa Efek Indonesia
                                                                    Jakarta, June 2024
Steps Towards Carbon Neutrality and Net Zero Emissions                                       Indonesia Stock Exchange
Standar Pelaporan Keberlanjutan GRI 13 dan GRI 101                                              Bursa Efek Indonesia
                                                                    Jakarta, June 2024
Sustainability Reporting Standards GRI 13 and GRI 101                                        Indonesia Stock Exchange
IDX Net Zero Incubator - Modul 1                                                                Bursa Efek Indonesia
                                                                   Jakarta, 1 August 2024
IDX Net Zero Incubator - Module 1                                                            Indonesia Stock Exchange
IDX Net Zero Incubator - Modul 2                                          Jakarta,              Bursa Efek Indonesia
IDX Net Zero Incubator - Module 2                                    20-21 August 2024       Indonesia Stock Exchange
IDX Net Zero Incubator - Modul 3                                                                Bursa Efek Indonesia
                                                                  Jakarta, September 2024
IDX Net Zero Incubator - Module 3                                                            Indonesia Stock Exchange
IDX Net Zero Incubator - Modul 4                                                                Bursa Efek Indonesia
                                                                   Jakarta, October 2024
IDX Net Zero Incubator - Module 4                                                            Indonesia Stock Exchange
Seminar Peranan Kawasan Ekonomi Khusus terhadap
Pertumbuhan Ekonomi dan Investasi Industri Hilir Sawit Bernilai
Tambah Tinggi                                                                                  Majalah Sawit Indonesia
                                                                  Jakarta, November 2024
Seminar on the Role of Special Economic Zones in Economic                                   Indonesian Palm Oil Magazine
Growth and Investment in the High-Value-Added Palm Oil
Downstream Industry
                                                                                                Bursa Efek Indonesia
GRI - Supply Chain                                                Jakarta, December 2024
                                                                                             Indonesia Stock Exchange




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SISTEM PENGENDALIAN INTERNAL
  Internal Control System


Perseroan telah menerapkan sistem pengendalian          The Company is implementing a comprehensive
internal (SPI) yang komprehensif untuk memastikan       internal control system (ICS) to ensure the financial
bahwa aktivitas keuangan dan operasional berjalan       and operational activities run in line with the
sesuai dengan standar yang telah ditetapkan.            established standard. Financial control is done
Pengendalian        keuangan     dilakukan    melalui   through regular reporting mechanism, internal audit,
mekanisme pelaporan berkala, audit internal, serta      and financial performance monitoring to ensure the
pemantauan kinerja keuangan untuk memastikan            integrity of the Financial Statements. Operational
integritas Laporan Keuangan. Di sisi operasional,       wise, the operational policy and procedure are in
kebijakan dan prosedur operasional diterapkan           place to ensure the effectiveness of daily operational
guna      memastikan      efektivitas    pelaksanaan    implementation as well as fulfilment of the set targets.
operasional harian serta pemenuhan target yang          In addition, the Company also ensure the compliance
telah ditetapkan. Selain itu, Perseroan memastikan      to the applicable laws and regulations, both from
kepatuhan       terhadap   peraturan      perundang-    the legal, environmental, or corporate governance
undangan yang berlaku, baik dari aspek hukum,           aspect, and through periodic assessments.
lingkungan, maupun tata kelola perusahaan, dan
melalui penilaian berkala.



Evaluasi Efektivitas                                    Evaluation of the Effectiveness of
Sistem Pengendalian Internal                            the Internal Control System

Dalam rangka memastikan penerapan SPI berjalan          In ensuring that the ICS implementation runs
efektif, Perseroan melakukan evaluasi berkala           effectively, the Company regularly evaluates
terhadap sistem tersebut. Evaluasi ini bertujuan        the system. The evaluation aims to measure the
untuk mengukur efektivitas SPI dalam mendeteksi         effectiveness of the ICS in detecting and preventing
dan mencegah risiko, serta memperbaiki dan              risk, as well as improving and enhancing its
meningkatkan penerapannya di masa mendatang.            future implementation. The evaluation process is
Proses evaluasi dilakukan oleh Unit Audit Internal,     conducted by the Internal Audit Unit, with the results
dengan hasil yang disampaikan kepada Direktur           submitted for further review to the President Director
Utama dan Komisaris Utama untuk ditinjau                and President Commissioner.
lebih lanjut.



Pernyataan Dewan Komisaris                              Statement of the Board of
dan Direksi Atas Kecukupan                              Commissioners and Board of Directors
Sistem Pengendalian Internal                            on the Adequacy of
                                                        the Internal Control System

Sepanjang tahun 2024, Dewan Komisaris dan Direksi       Throughout 2024, the Board of Commissioners
menilai bahwa penerapan SPI telah memadai               and Board of Directors view the implementation
dan berjalan efektif sesuai kebijakan yang berlaku.     of ICS had run well and effective in line with the
Penilaian ini didasarkan pada pencapaian kinerja        applicable policy. This is based on the achievement
operasional, keuangan, pengembangan GCG, serta          of operational, financial performances, GCG
kepatuhan terhadap peraturan dan perundang-             development, and compliance to applicable laws
undangan yang berlaku. Dewan Komisaris dan              and regulations. Board of Commissioners and Board
Direksi terus mendukung Unit Audit Internal dan         of Directors continue to support the Internal Audit
organ terkait lainnya dalam meningkatkan dan            Unit and all relevant organs to improve and develop
mengembangkan SPI guna menjaga stabilitas dan           the ICS to maintain future stability and continuation
keberlanjutan bisnis di masa depan.                     of the business.




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MANAJEMEN RISIKO
  Risk Management


Manajemen risiko merupakan elemen penting                   Risk management is a crucial element in the
dalam pengelolaan Perseroan guna meminimalkan               Company’s management to minimize the impact of
dampak    risiko    yang    dapat      menghambat           risks that could hinder the achievement of corporate
pencapaian      tujuan   perusahaan.         Prosedur       objectives. The risk management procedures include
manajemen risiko meliputi identifikasi, analisis, serta     the identification, analysis, and management of risks.
pengelolaan risiko.

Perseroan menerapkan manajemen risiko dengan                The Company is implementing risk management
pendekatan ISO 31000:2018, yang mencakup prinsip-           using ISO 31000:2018 approach, consisting of the
prinsip, kerangka kerja, dan proses manajemen               principles, framework, and risk management
risiko. Prinsip-prinsip ini bertujuan menciptakan dan       process. These principles aim to create and
melindungi nilai, meningkatkan kinerja, mendorong           safeguarding value, enhancing performance,
inovasi dan kreativitas, serta adaptif terhadap             promoting innovation and creativity, and adaptive
perubahan lingkungan. Selain itu, penerapan                 to environmental changes. In addition, the risk
manajemen risiko juga mendukung pencapaian                  management        implementation         also    supports
sasaran dan pertumbuhan perusahaan. Seluruh                 the realization of company goals and growth. All
organ Perseroan, mulai dari divisi, departemen,             Company organs, from divisions, departments,
estate, mill, hingga pemilik proyek, terlibat dalam         estates, mills, and project owners are involved in
proses identifikasi, analisis, penyusunan profil risiko,    identifying, analyzing, risk profiling, mitigating, as well
mitigasi, serta pengelolaan risiko masing-masing.           as managing their respective risks.

Tanggung jawab pengelolaan risiko di Perseroan              The risk management responsibility in the Company
dibagi berdasarkan tingkatan manajemen. Direksi             is divided based on the managerial level. The Board
bertanggung jawab atas risiko korporasi sebagai             of Directors is responsible for corporate risk as
risk owner, terutama risiko strategis seperti strategi      risk owner, particularly the strategic risks such as
ekspansi dan langkah-langkah strategis lainnya.             expansion strategy and other strategic measures.
Analisis risiko ini dilakukan oleh Departemen Risk          The risk analysis is conducted by Risk & Compliance
& Compliance sebagai risk officer. Pada tingkat             Department as the risk officer. While on managerial
manajerial dan unit bisnis, masing-masing unit              levels and business units, each unit is acting as risk
bertindak sebagai risk owner. Risiko di unit ini dikelola   owner. Risk at units will be managed by the Risk &
oleh Departemen Risk & Compliance bersama risk              Compliance Department with risk officer in each
officer di setiap unit, termasuk dalam hal identifikasi,    unit, covering the identification, mitigation and risk
mitigasi, serta penentuan risk appetite atau residual       appetite or residual risk determination in accordance
risk sesuai arahan Direksi.                                 with the Board of Directors’ directives.




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Selain itu, Perseroan berupaya memaksimalkan              In addition, the Company also strives to optimize the
penerapan manajemen risiko di setiap periode              risk management implementation in each period
dengan mengacu pada model 3 lini pertahanan               by referring to the 3 lines of defense (3LD) model,
(3 lines of defense/3D), yang terdiri dari:               consisting of:
1. Pertahanan lapis pertama dilaksanakan oleh             1. The first line of defense is carried out by business
    unit atau fungsi bisnis yang melakukan aktivitas          units or functions that carry out the company’s
    operasional perusahaan sehari-hari, yaitu                 daily operational activities, namely with a
    dengan lingkungan pengendalian (control                   conducive control environment, implementing
    environment) kondusif, menerapkan kebijakan               risk management policies, considering risk
    manajemen risiko, mempertimbangkan faktor                 factors in every decision, and having effective
    risiko di setiap keputusan, serta memiliki                internal controls;
    pengendalian internal yang efektif;
2. Pertahanan lapis kedua dilaksanakan oleh               2. The second line of defense is carried out by
    Departemen Corporate Risk & Compliance, yang             Corporate Risk & Compliance Department,
    bertanggung jawab untuk mengembangkan                    responsible for developing and monitoring
    dan memantau implementasi manajemen risiko               the implementation of the Company’s risk
    Perseroan, melakukan pengawasan pelaksanaan              management, overseeing the implementation of
    fungsi bisnis dalam koridor kebijakan manajemen          business functions within the risk management
    risiko, memantau dan melaporkan risiko-risiko            policies corridor, monitoring and reporting the
    Perseroan kepada pemegang akuntabilitas                  Company’s risks to the highest accountability
    tertinggi di Perseroan; serta                            holder in the Company; and
3. Pertahanan lapis ketiga dilaksanakan oleh              3. The third line of defense is carried out by auditors,
    auditor, baik auditor internal maupun auditor            both internal auditors and external auditors. The
    eksternal. Peran auditor internal jauh lebih             role of internal auditors is more intense in this 3LD
    intens dalam model 3LD ini. Perannya meliputi            model. This role includes assessing and evaluating
    melakukan kajian dan evaluasi terhadap                   the design, implementing risk management, and
    rancang      bangun, implementasi manajemen              ensuring that the first and second line of defense
    risiko, dan memastikan bahwa pertahanan lapis            work as expected.
    pertama dan lapis kedua berjalan sesuai dengan
    yang diharapkan.

Penerapan     manajemen        risiko   dengan     3LD    The implementation of risk management using 3LD
diharapkan mampu meningkatkan daya tahan                  is believed to strengthen the Company’s resilience
(resilience) Perseroan terhadap risiko yang               against the risks faced. Also, the maturity level and
dihadapi. Selain itu, tingkat maturitas dan efektivitas   effectiveness of Enterprise Risk Management (ERM)
penerapan Enterprise Risk Management (ERM) akan           implementation will be reflected in the effectivity of
tercermin dari efektivitas penerapan model 3LD.           implementation of the 3LD model.

Dalam model 3LD ini, Direksi memiliki peran               In this 3LD model, the Board of Directors plays a
penting     dalam    pengelolaannya.      Sementara       key role in its management. While the Board of
Dewan Komisaris, bersama Komite Audit serta               Commissioners, along with Audit Committee and
Komite Manajemen Risiko, GCG, dan Investasi,              Risk Management, GCG, and Investment Committee
bertanggung jawab mengawasi penerapan model               are responsible to supervise the implementation of
tersebut, terutama terkait lapisan pertahanan kedua       the model, particularly related to the second and
dan ketiga, yang digambarkan sebagai berikut.             third line of defense, as pictured below.




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                                                                                                                      Tata Kelola Perusahaan / Corporate Governance




                                                                                              Dewan Komisaris
                                                                                            Board of Commissioners




                                                                                                    Komite Manajemen Risiko,
                                                                                                       GCG, dan Investasi                                              Komite Audit
                                                                                                     Risk Management, GCG, and                                       Audit Committee
                                                                                                        Investment Committee




                                                                                                     Direksi
                                                                                               Board of Directors




                                  Komponen atau                                                   Manajemen Risiko                                                  Audit (Internal
                                                                                                   dan Kepatuhan
                                 Fungsi Unit Bisnis                                                                                                                 dan Eksternal)
                                                                                                    Risk Management
                           Business Component or Function                                            and Compliance                                           Audit (Internal and External)

                           •   Lingkungan pengendalian                                       • Mengembangkan dan                                             • Melakukan review dan
Pertahanan Lapis Pertama




                               yang kondusif;                                                  memantau manajemen risiko                                       evaluasi rancang bangun dan
                                                                  Pertahanan Lapis Kedua




                                                                                                                                   Pertahanan Lapis Ketiga
                                                                   Second Line of Defense




                           •   Konsistensi pelaksanaan                                         perusahaan secara keseluruhan;                                  implementasi manajemen risiko




                                                                                                                                     Third Line of Defense
   First Line of Defense




                               kebijakan dan prosedur                                        • Pengawasan agar fungsi bisnis                                   secara keseluruhan; serta
                               manajemen risiko; serta                                         melaksanakan kebijakan dan                                    • Memastikan bahwa pertahanan
                           •   Pengendalian internal yang                                      standar prosedur manajemen                                      lapis kedua berjalan sesuai
                               efektif.                                                        risiko dan kepatuhan; serta                                     yang diharapkan.
                           •   Conducive control                                             • Memantau dan melaporkan                                       • Reviewing and evaluating
                               environment;                                                    risiko-risiko perusahaan secara                                 the overall design and
                           •   Consistency in the                                              keseluruhan.                                                    implementation of risk
                               implementation of risk                                        • Develop and monitor overall                                     management; and
                               management policies and                                         enterprise risk management;                                   • Ensure that the second line of
                               procedures; and                                               • Supervision so that the business                                defense works as expected.
                           •   Effective internal controls.                                    function implements policies
                                                                                               and standard procedures for risk
                                                                                               management and compliance;
                                                                                               and
                                                                                             • Monitor and report overall
                                                                                               company risks.




Profil Risiko                                                                                                Risk Profile

Profil risiko dan proses mitigasi risiko yang dilakukan                                                      The risk profile and risk mitigation process conducted
oleh Perseroan dan Entitas Anak dijelaskan                                                                   by the Company and its Subsidiaries are explained
sebagai berikut.                                                                                             as follows.


                               Jenis Risiko                                                                            Mitigasi
                                Risk Type                                                                             Mitigation

Risiko Utama yang Berpengaruh Signifikan Terhadap Kelangsungan Usaha Perseroan / Main Risks that Have
a Significant Influence on the Continuity of the Company’s Business
Risiko ketergantungan pada                                Penurunan dalam kegiatan dan pendapatan Entitas Anak akan memengaruhi
kegiatan serta pendapatan                                 pendapatan Perseroan, sehingga Perseroan selalu menjaga agar penurunan kinerja
dari Entitas Anak                                         di salah satu Entitas Anak dapat ditutupi oleh perbaikan kinerja di Entitas Anak lainnya.
                                                          Pengelolaan keuangan dan operasional Perseroan dilakukan secara holistik sehingga
                                                          kinerja operasional maupun kinerja keuangan Perseroan tetap dapat dimonitor dan
                                                          dijaga dalam kondisi yang baik.
Risk of dependence on the                                 The decline in the activities and income of Subsidiaries will affect the Company’s revenue,
activities and income of                                  therefore the Company always maintains that the decline in one of the Subsidiaries can
Subsidiaries                                              be covered by improved performance in other Subsidiaries. The Company’s financial and
                                                          operational management is carried out holistically in order for the Company’s operational
                                                          and financial performance to be monitored and maintained in good condition.




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         Jenis Risiko                                                  Mitigasi
          Risk Type                                                   Mitigation

Risiko Perseroan sebagai Induk Perusahaan / Risk of the Company as the Parent Company
Risiko terkait kebijakan       Kebijakan strategis yang dilakukan Perseroan, seperti akuisisi, pinjaman bank, dan
strategis dan rencana          langkah strategis lainnya cukup berisiko mengingat perkembangan industri kelapa sawit
ekspansi yang dilakukan        yang pesat, persaingan yang ketat, dan perubahan yang dapat terjadi secara tiba-tiba.
Perseroan dan Entitas Anak     Namun demikian, Perseroan selalu melakukan langkah dan analisis yang lengkap dan
                               komprehensif, serta pertimbangan yang matang. Selain itu, Departemen Manajemen Risiko
                               senantiasa melakukan risk assessment terhadap semua kebijakan strategis Perseroan.
                               Dengan kondisi tersebut, diharapkan kebijakan strategis yang dilakukan Perseroan dapat
                               berjalan dengan baik dan memberikan hasil yang optimum untuk perkembangan dan
                               kemajuan Perseroan.
Risks related to strategic     The strategic policies carried out by the Company, such as acquisitions, bank loans,
policies and expansion plans   and other strategic steps are quite risky considering the rapid development of the palm
carried out by the Company     oil industry, intense competition and changes that can occur suddenly. However, the
and Subsidiaries               Company always carries out complete and comprehensive steps and analysis, as well
                               as careful considerations. In addition, the Risk Management Department always conducts
                               risk assessments of all of the Company’s strategic policies. Under these conditions, it is
                               expected that the strategic policies carried out by the Company can run well and provide
                               optimum results for the development and progress of the Company.
Risiko kesalahan dalam         Ketidakakuratan dalam pengelolaan Entitas Anak akan memengaruhi keberlangsungan
pengelolaan Entitas Anak       Perseroan. Oleh karena itu, Perseroan selalu menjaga pengelolaan Entitas Anak dengan
                               tata kelola perusahaan yang baik. Perseroan juga senantiasa memastikan seluruh sistem,
                               prosedur, dan kontrol di Entitas Anak dijalankan sesuai ketentuan yang berlaku dengan
                               pengawasan secara reguler. Penerapan tata kelola perusahaan yang baik yang diiringi
                               dengan pengawasan yang tepat diharapkan dapat menjaga Entitas Anak dikelola
                               sesuai dengan rencana Perseroan dan memberikan kontribusi bagi Perseroan secara
                               berkelanjutan.
Risk of errors in the          Inaccuracies in the management of Subsidiaries will affect the sustainability of the
management of Subsidiaries     Company. Therefore, the Company always maintains the management of Subsidiaries
                               with Good Corporate Governance. The Company also always ensures that all systems,
                               procedures and controls in Subsidiaries are carried out in accordance with applicable
                               regulations with regular supervision. The implementation of Good Corporate Governance
                               accompanied by proper supervision is expected to keep Subsidiaries managed in
                               accordance with the Company’s plans and contribute to the Company in a sustainable
                               manner.
Risiko Terhadap Kelangsungan Usaha Entitas Anak Perseroan / Risks to the Business Continuity of the Company’s
Subsidiaries
Risiko fluktuasi harga pasar   Fluktuasi harga pasar produk kelapa sawit dimitigasi dengan:
produk kelapa sawit            • Menganalisis perkembangan harga minyak kelapa sawit (crude palm oil/CPO), tandan
                                  buah segar (TBS), fluktuasi atas kurs USD, kondisi perekonomian global, dan kebijakan
                                  negara importir dalam strategi pemasaran Perseroan dan Entitas Anak;
                               • Mengikuti aktivitas dan kegiatan dalam lingkup asosiasi dan nasional dalam rangka
                                  untuk mengetahui perkembangan dan proyeksi harga CPO serta mengedepankan
                                  pengembangan citra positif bagi CPO Indonesia melalui kampanye sawit lestari;
                               • Secara komprehensif, Perseroan dan Entitas Anak melakukan analisis dan pengalokasian
                                  penjualan untuk produk dengan harga jual spot (current) maupun harga jual forward
                                  (long-term). Hal ini dilakukan guna mengantisipasi kenaikan maupun penurunan
                                  harga di masa yang akan datang dengan memperhatikan target pencapaian harga
                                  jual masing-masing produk yang dihasilkan dalam kegiatan operasional Perseroan
                                  dan Entitas Anak; serta
                               • Dalam kondisi harga yang baik, Perseroan dan Entitas Anak senantiasa melakukan
                                  pembelanjaan yang wajar dan menyediakan buffer yang cukup apabila terjadi penurunan
                                  harga, sehingga operasional Perseroan dan Entitas Anak berjalan dengan baik.
Risk of fluctuations in the    Fluctuations in the market price of palm oil products are mitigated by:
market price of palm oil       • Analyzing the price developments of crude palm oil (CPO), fresh fruit bunches (FFB),
products                          fluctuations in the USD exchange rate, global economic conditions, and policies of
                                  importing countries in the marketing strategy of the Company and its Subsidiaries;
                               • Following activities and activities within the scope of the association and nationally to
                                  find out the progress and projections of CPO prices and to prioritize the development of
                                  a positive image for Indonesian CPO through a campaign for sustainable palm oil;
                               • Comprehensively, the Company and its Subsidiaries analyze and allocate sales for
                                  products with spot (current) and forward (long-term) selling prices. This is done to
                                  anticipate future increases or decreases in prices by taking into account the target of
                                  achieving the selling price of each product produced in the operational of the Company
                                  and its Subsidiaries; as well as
                               • In favorable pricing conditions, the Company and its Subsidiaries consistently make
                                  reasonable expenditures and establish sufficient reserves to safeguard against
                                  potential price declines, ensuring the smooth operation of both the Company and its
                                  Subsidiaries.




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                                                                         Tata Kelola Perusahaan / Corporate Governance




         Jenis Risiko                                                     Mitigasi
          Risk Type                                                      Mitigation

Risiko perubahan kebijakan       Kebijakan pajak ekspor CPO ditetapkan berdasarkan perkembangan harga CPO. Saat
pajak ekspor crude palm oil      ini, pajak ekspor CPO ditetapkan sesuai dengan Peraturan Menteri Keuangan (PMK)
(CPO) dan kebijakan impor        No. 154/2022 tentang Perubahan ketiga atas PMK No. 103/2022 tentang Tarif Layanan
                                 Badan Layanan Umum Badan Pengelola Dana Pungutan Perkebunan Kelapa Sawit
                                 (BPDPKS) pada Kementerian Keuangan yang ditetapkan dan diundangkan pada
                                 1 November 2022. Pengenaan pajak ekspor CPO dapat mengurangi pendapatan, namun
                                 besaran nilai pungutan ekspor (PE) mengikuti pergerakan harga CPO, sehingga PE tidak
                                 terlalu mengganggu keuangan Perseroan. Namun demikian, tidak tertutup kemungkinan
                                 adanya perubahan atas kebijakan yang dikeluarkan oleh Pemerintah sehubungan
                                 dengan pengenaan PE ini. Di samping itu, pengenaan pajak impor untuk barang-barang
                                 kebutuhan industri perkebunan kelapa sawit berupa kendaraan, alat berat, peralatan,
                                 suku cadang, pupuk, dan lain-lain, dapat meningkatkan beban usaha Perseroan. Untuk
                                 memitigasi risiko tersebut, Perseroan melakukan langkah-langkah efisiensi dan tata
                                 kelola yang baik sehingga profitabilitas Perseroan tetap terjaga dengan baik.
Risk of changes in crude palm    The policy regarding the export tax on CPO is determined based on the fluctuation of CPO
oil (CPO) export tax policies    prices. Presently, the CPO export tax is established in accordance with Minister of Finance
and import policies              Regulation (PMK) No. 154/2022, which amends PMK No. 103/2022 on the Service Tariff of the
                                 General Service Agency for the Management of Palm Oil Plantation Levy Fund (BPDPKS)
                                 at the Ministry of Finance, which was established and promulgated on 1 November 2022.
                                 Although the imposition of CPO export tax has the potential to reduce revenue, the
                                 export levy (PE) is aligned with the movement of CPO prices, minimizing disruption to the
                                 Company’s finances. However, there is a possibility of Government policy changes related
                                 to the imposition of PE. Additionally, the introduction of import taxes on crucial items for
                                 the oil palm plantation industry, such as vehicles, heavy equipment, machinery, spare
                                 parts, fertilizers, etc., may increase the Company’s operational expenses. To mitigate these
                                 risks, the Company implements efficiency measures and adheres to good governance
                                 practices to maintain its profitability.
Risiko kelalaian dan             Dalam menjalankan usahanya, Entitas Anak dimungkinkan terkendala dalam memperoleh
kegagalan dalam                  perizinan usaha dan perizinan lainnya (perpanjangan hak guna usaha (HGU), sertifikasi,
mendapatkan persetujuan,         izin lingkungan, dan perizinan lain) akibat perubahan ketentuan dan peraturan yang
lisensi, registrasi, dan izin    berlaku dan berubah sesuai dengan perkembangan zaman. Perubahan ketentuan
bisnis Entitas Anak              dan persyaratan terkait perizinan usaha dan perizinan lainnya selalu ditanggapi positif
                                 oleh Perseroan, karena terkait dengan tuntutan dan perkembangan zaman, dan juga
                                 merupakan bagian dari upaya Perseroan dan Entitas Anak untuk menjalin hubungan yang
                                 harmonis dengan seluruh pemangku kepentingan, termasuk koperasi petani plasma dan
                                 masyarakat sekitar, sehingga perubahan ketentuan dan persyaratan tersebut selalu
                                 ditanggapi secara proaktif dan berusaha memenuhi seluruh ketentuan dan persyaratan
                                 yang diperlukan dengan baik. Dengan kondisi tersebut diharapkan tercipta kondisi
                                 yang harmonis yang memungkinkan Perseroan dan Entitas Anak terus tumbuh dan
                                 berkembang dengan baik.
Risk of negligence and failure   In carrying out its business, Subsidiaries may face problems in obtaining business permits
to obtain approvals, licenses,   and other licenses (extension of usufructuary rights (HGU), certification, environmental
registrations, and business      permits and other licenses) due to changes in the applicable terms and regulations and
permits for Subsidiaries         change following the times. Changes to terms and conditions related to business licenses
                                 and other permits are always positively responded to by the Company, as they are related
                                 to the demands and developments of the times, and also part of the efforts of the Company
                                 and its Subsidiaries to establish harmonious relationships with all stakeholders, including
                                 plasma farmer cooperatives and the surrounding community, so changes to these terms
                                 and conditions are always responded proactively and try to fulfill all terms and conditions
                                 needed properly. With these conditions, it is hoped that harmonious conditions will be
                                 created, enabling the Company and its Subsidiaries to continue to grow and develop well.
Risiko terkait kewajiban        Pembangunan kebun plasma dan pengelolaannya merupakan salah satu bagian yang
pembangunan kebun plasma        tidak terpisahkan dari pengelolaan Perseroan dan Entitas Anak. Dengan luas areal kebun
                                inti sebesar 48.542 Ha, Perseroan dan Entitas Anak telah membangun 11.973 Ha kebun
                                plasma atau mencapai 20% dari total kebun yang dikelola oleh Perseroan dan Entitas
                                Anak. Dalam pembangunan dan pengelolaan kebun plasma banyak ditemui hambatan
                                dan tantangan, namun Perseroan dan Entitas Anak selalu mengambil posisi bekerja sama
                                dengan masyarakat dan taat kepada hukum serta peraturan perundang-undangan
                                yang berlaku, sehingga sejauh ini tidak terdapat kendala yang dapat menghambat atau
                                mengganggu kerja sama Perseroan dan Entitas Anak dengan masyarakat. Kondisi ini
                                diharapkan dapat terus berlanjut di masa mendatang.
Risks related to the obligation The development and management of plasma plantations are an integral part of the
to develop plasma plantations management of the Company and its Subsidiaries. With a nucleus plantation area of
                                48,542 Ha, the Company and Subsidiaries have built 11,973 Ha of plasma plantations or
                                up to 20% of the total plantations managed by the Company and Subsidiaries. In the
                                development and management of plasma plantations there are many obstacles and
                                challenges, but the Company and its Subsidiaries always take a position to work with
                                the community and comply with applicable laws and regulations, so that so far there
                                have been no obstacles that could hinder or disrupt the Company’s cooperation. and
                                Subsidiaries with the community. This condition is expected to continue in the future.




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         Jenis Risiko                                                       Mitigasi
          Risk Type                                                        Mitigation

Risiko perubahan                Peraturan dan kebijakan Pemerintah terkait pengelolaan lingkungan hidup berkembang
kebijakan/peraturan             mengikuti perkembangan ilmu pengetahuan dan kebijakan global terkait dengan emisi
pemerintah terkait              rumah kaca, perubahan iklim dan deforestasi. Perseroan dan Entitas Anak bersikap proaktif
lingkungan hidup                dan berusaha mengikuti seluruh ketentuan terkait lingkungan hidup, sejalan dengan misi
                                Perseroan yang senantiasa berkomitmen terhadap seluruh pemangku kepentingan dan
                                lingkungan hidup secara berkelanjutan.
Risk of changes in government Government regulations and policies related to environmental management are developed
policies/regulations related to alongside the developments of science and global policies related to greenhouse
the environment                 emissions, climate change and deforestation. The Company and its Subsidiaries are
                                proactive and tries to comply with all provisions related to the environment, in line with
                                the Company’s mission to always committed to all stakeholders and the environment in
                                a sustainable manner.
Risiko terkait moratorium izin Moratorium pemberian izin kelapa sawit telah berakhir pada 2021, namun tidak tertutup
pembukaan lahan baru            kemungkinan untuk dapat diberlakukan kembali sebagai reaksi dalam menanggapi
                                salah satu isu global terkait dengan deforestasi yang menjadi perhatian seluruh negara
                                di dunia, termasuk Indonesia. Walaupun berpotensi memengaruhi rencana pertumbuhan
                                Perseroan, namun moratorium ini dapat memperbaiki keseimbangan supply dan demand
                                yang dapat memperbaiki posisi nilai tawar CPO di antara minyak nabati lainnya. Perseroan
                                menanggapi moratorium ini secara positif dan proaktif dengan meningkatkan efisiensi di
                                berbagai lini, walaupun biaya akuisisi lahan perkebunan semakin tinggi, Perseroan tetap
                                dapat melakukan akuisisi secara terukur dan prudent.
Risks related to the moratorium The moratorium on the issuance of palm oil licenses has ended in 2021, however, there is
on new land clearing permits    a possibility of its reinstatement as a response to global concerns about deforestation,
                                an issue that affects all countries, including Indonesia. Even though it has the potential to
                                affect the Company’s growth plans, this moratorium can improve the supply and demand
                                balance which can improve the bargaining value position of CPO among other vegetable
                                oils. The Company responded positively and proactively to this moratorium by increasing
                                efficiency in various lines, although the cost of acquiring plantation land is increasing, the
                                Company can still make acquisitions in a measured and prudent manner.
Risiko tumpang tindih lahan       Risiko tumpang tindih lahan mungkin terjadi, terutama terkait dengan harmonisasi
                                  peraturan dan kebijakan di bidang pertanahan dan kehutanan antara Pemerintah
                                  Daerah dan Pemerintah Pusat maupun antar instansi. Apabila kondisi ini terjadi, Perseroan
                                  dan Entitas Anak selalu bersikap positif dan proaktif serta berusaha mengikuti seluruh
                                  peraturan dan ketentuan yang berlaku dengan selalu berkomunikasi dengan dinas dan
                                  instansi terkait seperti Dinas Perkebunan Provinsi Kalimantan Timur dan Badan Pertanahan
                                  Nasional (BPN) Provinsi Kalimantan Timur, serta instansi lain yang terkait.
Risk of overlapping land          The risk of overlapping land is possible, especially related to the harmonization of regulations
                                  and policies in the land and forestry sector between the Regional Government and the
                                  Central Government as well as between agencies. If these conditions occur, the Company
                                  and Subsidiaries is always positive and proactive and tries to comply with all applicable
                                  rules and regulations by always communicating with relevant services and agencies such
                                  as the East Kalimantan Provincial Plantation Service and the East Kalimantan Province
                                  National Land Agency (BPN), as well as other relevant agencies.
Risiko terkait pembatasan         Peraturan Pemerintah (PP) No. 26/2021 menyatakan bahwa batas maksimum
luas kepemilikan lahan            penggunaan lahan untuk usaha perkebunan kelapa sawit adalah 100.000 Ha yang
                                  berlaku bagi 1 grup perusahaan perkebunan secara nasional. Namun demikian,
                                  Pasal 234 PP No. 26/2021 menyatakan bahwa perusahaan perkebunan yang telah
                                  menggunakan lahan untuk usaha perkebunan sebelum PP No. 26/2021 diundangkan,
                                  dikecualikan terhadap ketentuan batas luas maksimum sebagaimana disebutkan
                                  sebelumnya. Saat ini, luas lahan Perseroan masih di bawah 100.000 Ha. Namun demikian,
                                  tidak tertutup kemungkinan Perseroan akan meningkatkan penggunaan lahannya lebih
                                  dari 100.000 Ha. Perseroan terus mengikuti perkembangan ketentuan mengenai hal ini.
Risks related to restriction      Government Regulation (PP) No. 26/2021 states the maximum land use limit for palm oil
of land ownership                 plantation businesses is 100,000 Ha for 1 plantation company group nationally. However,
                                  Article 234 PP No. 26/2021 states that plantation companies that have used land for
                                  plantation businesses before PP No. 26/2021 is promulgated, are exempted from the
                                  provisions of maximum area limit as previously stated. Currently the Company’s land area
                                  is still under 100,000 Ha. However, it is possible that the Company will increase its land use
                                  surpassing 100,000 Ha. The Company continues to follow the development of provisions
                                  regarding this matter.




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                                                                          Tata Kelola Perusahaan / Corporate Governance




         Jenis Risiko                                                     Mitigasi
          Risk Type                                                      Mitigation

Risiko terkait kebijakan        Kegiatan usaha Perseroan dan Entitas Anak secara langsung dan tidak langsung
pengupahan                      tergantung pada aspek pengendalian biaya operasional, termasuk upah karyawan.
                                Kenaikan upah minimum, secara langsung maupun tidak langsung dapat meningkatkan
                                biaya operasional dan menurunkan margin keuntungan Perseroan dan Entitas Anak.
                                Dengan perbaikan sarana dan prasarana, serta pelatihan, maka produktivitas tenaga
                                kerja Perseroan dan Entitas Anak dapat semakin meningkat. Kenaikan upah minimum
                                hingga saat ini masih dapat ditolerir Perseroan dan Entitas Anak.
Risks related to wage policy    The business activities of the Company and Subsidiaries directly and indirectly depend
                                on aspects of controlling operational costs, including employee wages. An increase
                                in the minimum wage, directly or indirectly, can increase operational costs and reduce
                                the Company’s and Subsidiaries profit margins. With the improvement of facilities and
                                infrastructure, and training, the productivity of the Company’s and its Subsidiaries’
                                workforce can increase. The increase in the minimum wage until now has been tolerated
                                by the Company and its Subsidiaries.
Risiko atas adanya negative Kampanye negatif banyak dilakukan di Amerika Serikat dan Uni Eropa, terutama terkait
campaign                    isu deforestasi, lingkungan, dan kesehatan. Di luar isu tersebut, juga terdapat persaingan
                            dagang antara CPO dan minyak nabati lainnya yang diproduksi di Amerika Serikat
                            dan Uni Eropa. Perseroan tetap fokus menjalankan kegiatan usahanya sesuai dengan
                            prinsip-prinsip yang berlaku dalam, yaitu tetap memperhatikan kelestarian lingkungan.
                            Dengan keunggulan yang dimiliki kelapa sawit, khususnya produktivitas yang tinggi
                            (5-7 ton CPO/Ha), maka negative campaign tidak terlalu berpengaruh terhadap posisi
                            CPO sebagai salah satu sumber minyak nabati dunia.
Risk of negative campaign   Many negative campaigns have been carried out in the United States and European
                            Union, especially related to deforestation, environment, and health issues. Apart from this
                            issue, there is also trade competition between CPO and other vegetable oils produced in
                            the United States and European Union. The Company remains focused on carrying out
                            its business activities in accordance with the applicable principles of, namely by paying
                            attention to environmental sustainability. With the advantages of palm oil, especially its
                            high productivity (5-7 tons of CPO/Ha), the negative campaign will not significantly affect
                            CPO’s position as one of the world’s sources of vegetable oil.
Risiko atas persaingan usaha    Persaingan usaha di antara perusahaan kelapa sawit di Indonesia tidak terlalu
                                berpengaruh terhadap pendapatan dan biaya usaha Perseroan. Sebagai produk yang
                                diperdagangkan secara global, persaingan usaha terutama berasal dari produsen
                                minyak nabati lainnya, seperti rapeseed, sunflower seed, soybean, dan peanut. Kelapa
                                sawit dinilai memiliki keunggulan yang tinggi khususnya dari sisi produktivitas dan posisi
                                geografis Indonesia sebagai negara tropis yang memiliki keuntungan, yaitu matahari
                                yang bersinar sepanjang tahun.
Risk on business competition    Business competition among palm oil companies in Indonesia does not significantly
                                affect Company’s income and operating expenses. As a globally traded product, business
                                competition mainly comes from other vegetable oil producers, such as rapeseed, sunflower
                                seed, soybean and peanut. Palm oil is considered to have high advantages, especially in
                                terms of productivity and Indonesia’s geographical position as a tropical country which
                                has the advantage of the sun shining all year round.
Risiko perubahan harga dan      Perubahan harga dan pasokan bahan baku merupakan salah satu faktor risiko yang
pasokan bahan baku              penting dalam perkebunan kelapa sawit. Ketersediaan bahan baku pupuk, bahan bakar,
                                kendaraan, alat berat, peralatan, dan suku cadang dengan harga yang terjangkau
                                merupakan modal utama perkebunan kelapa sawit. Kenaikan harga bahan baku secara
                                langsung maupun tidak langsung meningkatkan biaya produksi produk kelapa sawit.
                                Fluktuasi harga jual produk kelapa sawit pada tahun 2024 terkait perang yang terjadi
                                di Ukraina dan pelemahan ekonomi global juga memengaruhi cashflow Perseroan dan
                                Entitas Anak. Namun demikian, dengan melakukan efisiensi, meningkatkan produktivitas,
                                dan menerapkan manajemen cashflow yang konservatif, fluktuasi harga produk kelapa
                                sawit maupun fluktuasi harga bahan baku tidak mengganggu kinerja operasional dan
                                kinerja finansial Perseroan dan Entitas Anak.
Risk of changes in price and    Changes in price and supply of raw materials are one of the important risk factors in palm
supply of raw materials         oil plantations. Availability of raw materials for fertilizers, fuel, vehicles, heavy equipment,
                                equipment and spare parts at affordable prices is the main capital of palm oil plantations.
                                Increase in raw material prices directly or indirectly increases the cost of producing palm
                                oil products. Fluctuations in the selling price of palm oil products in 2024 related to war
                                in Ukraine and global economic downturn also affect the cash flow of the Company
                                and its Subsidiaries. However, by implementing efficiency, increasing productivity, and
                                implementing conservative cash flow management, fluctuations in the prices of palm
                                products and raw material prices do not interfere with the Company’s and its Subsidiaries
                                operational and financial performance.




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 Circular Economy and Climate Impact
 Laporan Tahunan 2024 / 2024 Annual Report




         Jenis Risiko                                                      Mitigasi
          Risk Type                                                       Mitigation

Risiko perubahan iklim           Perubahan iklim yang ekstrem, seperti El Nino (kemarau panjang) dimitigasi Perseroan dan
                                 Entitas Anak dengan mengurangi evaporasi (aplikasi janjang kosong dan kompos) dan
                                 menampung air hujan dengan pembuatan rorak untuk mengurangi dampak kekeringan.
                                 Demikian pula dengan kondisi La Nina (musim hujan yang panjang) dimitigasi Perseroan
                                 dan Entitas Anak dengan perbaikan drainase dan pengelolaan air (water management).
Climate change risks             Extreme climate change, such as El Nino (long drought) is mitigated by the Company and
                                 Subsidiaries by reducing evaporation (application of empty fruit bunch and compost)
                                 and collecting rainwater by making rorak to reduce the impact of drought. Likewise, the
                                 condition of La Nina (long rainy season) was mitigated by the Company and Subsidiaries
                                 by improving drainage and water management.
Risiko serangan hama dan         Sejalan dengan komitmen Perseroan dalam Kebijakan Sawit Lestari, Perseroan dan Entitas
penyakit pada tanaman            Anak memprioritaskan prinsip ekologis dalam mengendalikan hama yang berpotensi
perkebunan milik Perseroan       mengganggu pertumbuhan tanaman kelapa sawit. Untuk mengatasi penyebaran
dan Entitas Anak                 hama di perkebunan kelapa sawit, Perseroan dan Entitas Anak melaksanakan program
                                 pengendalian hama terpadu dengan pendekatan ramah lingkungan. Pengendalian
                                 dilakukan dengan memanfaatkan musuh/predator alami dari hama tertentu. Dengan
                                 demikian, dapat mengurangi penggunaan pestisida (kimia). Perseroan dan Entitas Anak
                                 terus mengeksplorasi musuh alami potensial untuk mengendalikan organisme pengganggu
                                 tanaman. Penggunaan musuh alami diprioritaskan dalam teknik pengendalian hama
                                 terpadu, sementara penggunaan pestisida merupakan pilihan terakhir.
Risks of pest and disease        In line with Company’s commitment in Sustainable Palm Oil Policy, the Company and its
attacks on plantation crops      Subsidiaries prioritizes ecological principles in controlling pests that have the potential
owned by the Company and         to disrupt the growth of palm oil plants. To overcome the spread of pests in palm oil
its Subsidiaries                 plantations, the Company and Subsidiaries implements an integrated pest control program
                                 with an environmentally friendly approach. Control is carried out by utilizing natural
                                 enemies/predators of certain pests. Thus, reducing the use of (chemical) pesticides.
                                 The Company and Subsidiaries continues to explore potential natural enemies to control
                                 plant pests. Use of natural enemies is prioritized in integrated pest control techniques,
                                 while use of pesticides is a last resort.
Risiko kompetensi dan            Persaingan mendapatkan tenaga kerja yang kompeten dan memiliki kemampuan yang
kemampuan karyawan               baik semakin ketat. Perseroan dan Entitas Anak mengelola risiko ini dengan perbaikan
                                 iklim kerja dan meningkatkan pelatihan di seluruh lini Manajemen Perseroan dan Entitas
                                 Anak (karyawan, staf, dan manajer).
Risk of employee competence      Competition for a competent workforce with good skills is getting tougher. Company and
and capability                   Subsidiaries manage this risk by improving the work climate and increasing training across
                                 all levels of management within the Company and Subsidiaries (including employees,
                                 staff, and managers).
Risiko perselisihan              Perselisihan buruh, konflik sosial, tuntutan hukum, dan gangguan keamanan dapat
perburuhan atau                  terjadi sejalan dengan semakin meningkatnya aspirasi, keterbukaan, dan tuntutan
perubahan undang-undang          hidup. Perseroan dan Entitas Anak mengelola risiko ini dengan terus berupaya menjalin
ketenagakerjaan, konflik         hubungan yang harmonis dengan seluruh pemangku kepentingan, termasuk buruh
sosial, dan gangguan             dan masyarakat sekitar, mematuhi seluruh ketentuan dan peraturan yang berlaku, dan
keamanan                         menjalankan tata kelola perusahaan dengan baik.
Risk of labor disputes or        Labor disputes, social conflicts, lawsuits and security disturbances can occur in line with the
changes to labor laws,           increasing aspirations, openness, and life demands. Company and Subsidiaries manage
social conflicts, and security   this risk by continuously trying to establish harmonious relationships with all stakeholders,
disturbances                     including workers and surrounding community, complying with all applicable rules and
                                 regulations, and implementing good corporate governance.
Risiko perubahan teknologi       Perseroan dan Entitas Anak berupaya mengikuti perkembangan teknologi baik dalam
                                 sistem pelaporan dan administrasi maupun dalam teknologi perkebunan secara umum.
Technology change risks          The Company and Subsidiaries strive to keep abreast of technological developments both
                                 in reporting and administration systems as well as in plantation technology in general.
Risiko ketidakcukupan            Perseroan dan Entitas Anak berupaya melakukan penutupan asuransi sejalan dengan
asuransi yang dimiliki           praktik industri perkebunan dan industri asuransi, namun demikian risiko kerugian
Perseroan dan Entitas Anak       kurangnya penutupan asuransi akibat force majeur dimitigasi dengan self-insurance
                                 maupun perluasan pertanggungan asuransi.
Risk of insufficiency of         The Company and Subsidiaries strive to carry out insurance coverage in line with the
insurance owned by the           practices of the plantation industry and insurance industry, however, the risk of loss of lack
Company and its Subsidiaries     of insurance coverage due to force majeure is mitigated by self-insurance and expansion
                                 of insurance coverage.




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                                                                       Tata Kelola Perusahaan / Corporate Governance




          Jenis Risiko                                                 Mitigasi
           Risk Type                                                  Mitigation

Risiko Umum / General Risks
Risiko atas kondisi             CPO dan produk kelapa sawit adalah komoditas yang diperdagangkan secara global,
perekonomian makro              sehingga perubahan kondisi perekonomian global, seperti perang Rusia-Ukraina,
dan global                      penurunan pertumbuhan ekonomi, inflasi, dan resesi memengaruhi harga komoditas
                                termasuk harga CPO dan produk kelapa sawit. Kelapa sawit memiliki beberapa
                                keunggulan dibandingkan produk nabati lain (competitive & comparative advantage),
                                sehingga dengan peningkatan efisiensi dan pengelolaan keuangan yang konservatif,
                                Perseroan diharapkan dapat melaluinya dengan baik.
Risks on macroeconomic and      CPO and palm oil products are globally traded commodities, so changes in global
global conditions               economic conditions, such as the Russia-Ukraine war, declining economic growth,
                                inflation, and recession are affecting commodity prices, including the prices of CPO
                                and palm oil products. Palm oil has several advantages compared to other vegetable
                                products (competitive & comparative advantages), so that with increased efficiency and
                                conservative financial management, the Company is expected to do well.
Risiko kepatuhan                Mematuhi seluruh peraturan yang berlaku dan mengkaji peraturan baru yang mungkin
terhadap peraturan              akan berdampak negatif terhadap operasional Perseroan dan Entitas Anak. Selain itu,
perundang-undangan yang         melalui Departemen Legal dan Hubungan Pemangku Kepentingan, Perseroan dan Entitas
berlaku terkait dengan          Anak melakukan komunikasi aktif dengan konsultan hukum dan Pemerintah dalam
bidang usaha                    menerapkan langkah-langkah yang sesuai untuk menjamin ketaatan dan kepatuhan
                                terhadap peraturan perundang-undangan yang berlaku di bidang perkebunan dan
                                pengolahan kelapa sawit.
Risk of compliance with         Comply with all applicable regulations and review new regulations that may have a
applicable laws and             negative impact on the Company’s and Subsidiaries operations. Also, through Legal
regulations related to the      and Stakeholder Relations Department, Company and Subsidiaries maintains active
business sector                 communication with relevant legal consultants and Government in implementing
                                appropriate steps to ensure obedience and compliance with laws and regulations
                                applicable in palm oil plantations and processing sector.
Risiko perubahan nilai tukar    Perubahan nilai tukar valuta asing dapat berpengaruh terhadap pendapatan dan beban
mata uang asing                 Perseroan dan Entitas Anak. Perseroan dan Entitas Anak tidak memiliki eksposur pinjaman
                                dalam valuta asing, sehingga risiko terkait perubahan nilai tukar valuta asing dapat
                                dikelola oleh Perseroan.
Risk of changes in foreign      Changes in foreign currency exchange rates can affect the Company’s and its Subsidiaries
currency exchange rates         income and expenses. The Company and Subsidiaries do not have loan exposure in
                                foreign currency, so that the risk related to changes in foreign currency exchange rates
                                can be managed by the Company.
Risiko kebijakan                Negara pengimpor utama produk kelapa sawit saat ini sudah mulai bergeser dari
negara-negara importir          sebelumnya dipimpin Amerika Serikat dan Uni Eropa ke berbagai negara Asia (India,
produk crude palm oil (CPO)     Pakistan, dan China). Tuntutan atau kebijakan Amerika Serikat dan Uni Eropa yang lebih
                                ketat dibandingkan negara Asia, menyebabkan penurunan permintaan dari sisi Amerika
                                Serikat dan Uni Eropa. Namun demikian, Perseroan dan Entitas Anak berusaha untuk
                                memenuhi standar yang berlaku melalui sertifikasi yang diakui, salah satunya sertifikasi.
Policy risk of countries        Currently, the main importing countries for palm oil products have begun to shift from
importing crude palm oil        previously led by United States and European Union to various Asian countries (India,
(CPO) products                  Pakistan, and China). Demands or policies of United States and European Union are more
                                stringent than Asian countries, causing a decrease in demand from United States and
                                European Union. However, the Company and Subsidiaries strive to meet the applicable
                                standards through recognized certifications, one of which is certification.
Risiko tuntutan hukum           Mematuhi semua kewajiban hukum, perjanjian-perjanjian atau perikatan yang dimiliki,
                                dan menjalankan kewajiban dengan seluruh pemangku kepentingan (Pemerintah,
                                karyawan, pemasok, pembeli, dan masyarakat) di lokasi operasional Perseroan dan
                                Entitas Anak, agar tidak menimbulkan gugatan atau tuntutan dari pihak lain.
Risk of lawsuits                Comply with all legal obligations, agreements or existing engagements, and carry out
                                obligations with all stakeholders (Government, employees, suppliers, buyers, and the
                                public) at the Company’s and Subsidiaries’ operational locations, therefore not to cause
                                lawsuits or demands from other parties.
Risiko bagi Investor / Risk for investors
Risiko likuiditas saham         Perseroan dan Entitas Anak menjalankan bisnis CPO sesuai dengan peraturan dan
                                ketentuan yang berlaku, mengelola bisnis dengan efisien sehingga kinerja usaha maupun
                                kinerja keuangan Perseroan dan Entitas Anak tergolong baik. Dengan kondisi seperti ini
                                likuiditas saham Perseroan akan terjaga dengan baik.
Risk of stock liquidity         The Company and Subsidiaries run CPO business in accordance with applicable rules and
                                regulations, manage the business efficiently so that the Company’s and its Subsidiaries
                                business performance and financial performance are good. Under these conditions the
                                liquidity of the Company’s shares will be properly maintained.




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 Circular Economy and Climate Impact
 Laporan Tahunan 2024 / 2024 Annual Report




         Jenis Risiko                                                        Mitigasi
          Risk Type                                                         Mitigation

Risiko harga saham yang           Fluktuasi harga saham merupakan hal yang wajar, namun sebagai Perseroan yang
dapat berfluktuasi                melaksanakan tata kelola perusahaan yang baik, pergerakan harga saham yang tidak
                                  wajar dapat diantisipasi Perseroan dengan mekanisme yang ada.
Risk of fluctuating stock price   Stock price fluctuations are common, but as a company implementing Good Corporate
                                  Governance, the company can anticipate unusual stock price movements with the existing
                                  mechanisms.
Risiko kemampuan Perseroan        Berdasarkan data historikal fluktuasi harga penjualan dan beban usaha, sejauh ini bisnis
untuk membayar dividen            CPO diproyeksikan tetap dapat membukukan keuntungan yang berfluktuasi, sehingga
di kemudian hari                  diproyeksikan Perseroan tetap dapat membayar dividen di kemudian hari.
Risk of the Company’s ability     Based on historical fluctuations data in selling prices and operating expenses, so far, the
to pay dividends in the future    CPO business is projected to still be able to record fluctuating profits, so it is projected that
                                  the Company will still be able to pay dividends in the future.
Risiko penjualan saham            Perseroan dikelola secara profesional, transparan, dan konservatif yang ditunjukkan
di masa datang dapat              dengan kinerja usaha dan kinerja keuangan yang positif, sehingga penjualan saham di
memengaruhi harga                 masa mendatang berpengaruh positif terhadap harga saham Perseroan.
saham Perseroan
Risk of selling shares in         The company is managed in a professional, transparent and conservative manner as
the future may affect the         indicated by positive business performance and financial performance, so that the sale of
Company’s share price             shares in the future has a positive effect on the Company’s share price.



Evaluasi Terhadap Efektivitas                                      Evaluation of the Effectiveness
Manajemen Risiko                                                   of Risk Management

Dalam rangka memastikan bahwa sistem dan                           In ensuring that the risk management system and
proses manajemen risiko berfungsi dengan baik                      process run well and achieving its intended results,
dan mencapai hasil yang diinginkan, Perseroan                      the Company regularly evaluates the effectiveness
melakukan evaluasi efektivitas manajemen risiko                    of risk management. The Board of Directors, Risk &
secara berkala. Evaluasi ini melibatkan Direksi,                   Compliance Department, and Internal Audit Unit are
Departemen Risk & Compliance, dan Unit Audit                       involved in this evaluation, under the supervision of
Internal, dengan pengawasan dari Dewan Komisaris                   the Board of Commissioners and Risk Management,
serta Komite Manajemen Risiko, GCG, dan Investasi.                 GCG, and Investment Committee. The evaluation
Hasil evaluasi digunakan untuk mengidentifikasi                    results are used to identify area of improvement and
area perbaikan dan memastikan bahwa sistem                         ensuring that the risk management system remains
manajemen risiko tetap relevan dan efektif.                        relevant and effective.



Pernyataan Dewan Komisaris                                         Statement of the Board of
dan Direksi Atas Kecukupan                                         Commissioners and Board of Directors
Manajemen Risiko                                                   on Adequacy of Risk Management

Sepanjang tahun 2024, Dewan Komisaris dan Direksi                  Throughout 2024, the Board of Commissioners
telah melakukan penilaian dan peninjauan kembali                   and Board of Directors had conduct assessment
terhadap kecukupan manajemen risiko Perseroan.                     and review the adequacy of risk management
Hasil penilaian menunjukkan bahwa manajemen                        of the Company. Assessment result show the risk
risiko diterapkan dengan baik dan sesuai kebijakan                 management had been well-implemented and in
yang berlaku. Tidak ditemukan risiko signifikan bagi               line with the applicable policy. No significant risk to
Perseroan, baik pada aspek operasional maupun                      the Company was found, both in the operational
keuangan. Seluruh risiko berhasil dicegah atau                     and financial aspects. All risks had been prevented
diminimalkan melalui mitigasi yang cepat dan                       or minimized through proper and swift mitigation.
tepat. Dengan demikian, Dewan Komisaris dan                        Thus, the Board of Commissioners and Board of
Direksi menyatakan bahwa sistem manajemen                          Directors consider the Company’s risk management
risiko Perseroan adalah cukup memadai untuk                        is adequate to support the company objectives.
mendukung tujuan perusahaan.




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                                                              Tata Kelola Perusahaan / Corporate Governance




PERKARA PENTING DAN SANKSI ADMINISTRATIF
  Important Cases and Administrative Sanctions


Tidak terdapat perkara penting maupun sanksi           There was no important case or administrative
administratif yang diterima oleh Dewan Komisaris,      sanction received by the Board of Commissioners,
Direksi, Perseroan, Entitas Anak, dan karyawan         Board of Directors, Company, Subsidiaries, and
selama tahun 2024. Seluruh tindakan serta tugas        employees throughout 2024. All actions as well as
dan tanggung jawab telah dilakukan sesuai dengan       the duties and responsibilities had been done in
peraturan yang berlaku.                                accordance with the applicable regulations.




ETIKA DAN PERILAKU
  Ethics and Behavior

Perseroan menyusun Pedoman Etika dan Perilaku          The Company has established a Code of Ethics
untuk memastikan integritas dan akuntabilitas dalam    and Conduct to ensure integrity and accountability
setiap tindakan organ Perseroan serta mengurangi       in every action of the Company’s organs and to
potensi pelanggaran terhadap peraturan perundang-      reduce the potential for violations of applicable
undangan yang berlaku. Pedoman ini ditetapkan          laws and regulations. This guideline was enacted
pada tanggal 24 November 2023 dan dapat diakses        on 24 November 2023 and accessible through the
melalui situs web Perseroan.                           Company’s website.



Pokok-Pokok Etika dan Perilaku                         Principles of Ethics and Behavior

Pedoman Etika dan Perilaku mencakup etika bisnis       The Code of Ethics and Behavior covers the business
dan etika perilaku yang dijabarkan sebagai berikut.    ethics and ethical behavior as explained below.
1. Etika Bisnis                                        1. Business Ethics
   Memuat penjelasan tentang nilai dan norma              Contains a clarification of the values and norms
   yang menjadi acuan bagi setiap insan                   intended as policy for every company personnel
   perusahaan untuk berperilaku dengan etika              to adhere to business ethics based on GCG
   bisnis berdasarkan prinsip-prinsip GCG dalam           principles while conducting their business
   menjalankan kegiatan usahanya sehingga                 activities, thus ingraining these principles into
   menjadi bagian dari budaya Perseroan. Adapun           the Company’s culture. The aspects governed by
   hal yang diatur dalam etika bisnis, terdiri dari:      business ethics include:
   a. Terjadinya benturan kepentingan (conflict of        a. Addressing conflicts of interest within the
       interest) di lingkungan Perseroan;                     Company;
   b. Kepatuhan terhadap hukum dan peraturan              b. Ensuring compliance with laws and regulations;
       perundang-undangan;
   c. Pemberian dan penerimaan hadiah, donasi,            c. Managing the giving and receiving of gifts,
       gratifikasi, dan suap;                                donations, gratuities, and bribes;
   d. Kerahasiaan informasi oleh insan perusahaan;        d. Upholding confidentiality of information by
       serta                                                 company personnel; and
   e. Kepedulian terhadap keselamatan dan                 e. Demonstrating concern for occupational
       kesehatan kerja serta lingkungan hidup.               safety, health, and the environment.




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2. Etika Kerja                                         2. Ethical Behavior
   Membahas mengenai nilai dan norma yang                 Discusses the values and norms designed as a
   menjadi acuan bagi setiap insan perusahaan             guide for each company employee to uphold
   agar dapat menjaga etika yang baik dan                 ethical conduct and contribute to the realization
   mampu mendukung Visi dan Misi Perseroan                of the Company’s Vision and Mission, grounded
   berdasarkan prinsip GCG dalam menjalankan              in GCG principles, throughout all activities within
   segala aktivitasnya, baik di dalam maupun di           and outside the Company’s sphere. The aspects
   luar lingkungan Perseroan. Adapun hal yang             governed by work ethics include:
   diatur dalam etika kerja, terdiri dari:
   a. Hubungan      dengan      sesama     karyawan       a. Interaction        with fellow    employees
       dan atasan;                                           and superiors;
   b. Menjaga kerahasiaan informasi Perseroan;            b. Maintaining confidentiality of Company’s
                                                             information;
   c. Menjaga dan penggunaan aset Perseroan;              c. Maintaining and using the Company’s assets;
   d. Penyampaian keluhan kerja;                          d. Lodging work-related grievances;
   e. Perlakukan setara yang berkeadilan dan              e. Ensuring equal treatment and prohibiting
       larangan diskriminasi;                                discrimination;
   f. Berbicara di publik dan permintaan informasi;       f. Public address and information requests;
   g. Menjaga nama baik perusahaan;                       g. Preserving the good name of the company;
   h. Anti-korupsi dan anti-pencucian uang;               h. Anti-corruption and anti-money laundering;
   i. Informasi rahasia, termasuk informasi orang         i. Confidential information, including insider
       dalam (insider trading);                              trading;
   j. Kegiatan politik;                                   j. Political activities;
   k. Penegakan dan pelaporan;                            k. Enforcement and reporting;
   l. Keselamatan, keamanan dan kesehatan                 l. Occupational safety, security and health; and
       kerja; serta
   m. Tempat kerja bebas narkoba, minuman keras,          m. A workplace that prohibits drugs, alcohol,
       perjudian, merokok, dan senjata.                       gambling, smoking, and weapons.
3. Etika Terhadap Pihak Luar                           3. Ethics towards External Parties
   Memuat penjelasan nilai dan norma yang                 Includes an explanation of the values and norms
   menjadi panduan bagi setiap insan perusahaan           that direct all company employees in their
   dalam melakukan interaksi dengan pemangku              interactions with stakeholders who intersect with
   kepentingan yang bersinggungan dengan                  the course of the Company’s business. The ethical
   jalannya bisnis Perseroan. Adapun hal yang diatur      considerations pertaining to engagements with
   dalam etika terhadap pihak luar, terdiri dari:         external parties consist of:
   a. Hubungan dengan Pemegang Saham;                     a. Interactions with Shareholders;
   b. Saling        menghormati,        menghargai        b. Cultivating mutual respect, embracing
       keanekaragaman,      dan    mempromosikan              diversity, and fostering a culture of
       budaya inklusivitas dengan masyarakat dan              inclusiveness within the local community
       lingkungan sekitar;                                    and environment;
   c. Hubungan dengan pemerintah baik, di tingkat         c. Engaging with governmental authorities, both
       pusat dan daerah, yang berkaitan dengan                at the central and local levels, in connection
       kegiatan usaha Perseroan;                              with the Company’s business activities;
   d. Membina hubungan profesional dengan                 d. Nurturing professional connections with the
       kreditur Perseroan;                                    Company’s creditors;
   e. Menjalin hubungan profesional, setara, dan          e. Cultivating professional, equitable, and
       saling menguntungkan dengan mitra usaha                mutually advantageous relationships with
       dan bisnis;                                            business partners;
   f. Mendukung iklim usaha yang baik dengan              f. Promoting positive business climate with
       pesaing;                                               competitors;
   g. Menjalin hubungan baik dan bertanggung              g. Cultivating     positive    and      responsible
       jawab dengan media massa; serta                        connections with the mass media; and
   h. Membangun sinergi dengan Entitas Anak.              h. Creating synergy with Subsidiaries.




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Sosialisasi serta Upaya Penegakan dan                   Dissemination and Efforts to Enforce
Pelaporan Etika dan Perilaku                            and Report on Ethics and Behavior

Perseroan berkomitmen untuk melakukan sosialisasi       The Company is committed to conduct ongoing
Pedoman Etika dan Perilaku secara terus-menerus         awareness initiatives to improve the understanding
guna meningkatkan pemahaman dan kesadaran               and awareness among all organs. The initiatives are
di antara semua organ. Sosialisasi ini dilakukan        done through various forms of direct interaction, such
melalui berbagai sarana interaksi langsung, seperti     as competency development activities, workshops,
kegiatan pengembangan kompetensi, workshop,             and internal trainings. Additionally, dissemination
dan pelatihan internal. Selain itu, sosialisasi juga    efforts also extend to indirect communication
dilakukan melalui sarana komunikasi tidak langsung,     channels, such as email, brochures, pamphlets, the
seperti e-mail, brosur, pamflet, situs web, dan media   Company’s website, and social media platforms.
sosial Perseroan.

Di sisi lain, Perseroan secara konsisten menegakkan     Meanwhile, the Company also consistently enforce
etika dan perilaku melalui penandatanganan              the ethics and behavior through signing of Integrity
Pakta Integritas oleh setiap organ, yang mencakup       Pact by all organs, covering the following statement.
pernyataan sebagai berikut.
1. Berkomitmen untuk melaksanakan segala                1. Commit to carry out all work responsibilities in a
    tanggung jawab pekerjaan secara profesional,           professional manner, including maintaining the
    termasuk menjaga nama baik Perseroan dan               Company’s positive image and maintaining a
    menjaga suasana kerja tetap harmonis dengan            harmonious work atmosphere by implementing
    mengimplementasikan perilaku yang sesuai               behavior     that    is    in    accordance       with
    dengan Nilai-Nilai Perusahaan.                         the Company’s Values.
2. Melaksanakan seluruh tugas dan tanggung              2. Carrying out all duties and responsibilities by
    jawab dengan memberi lebih dari yang diharap           providing more than expected in any situation
    di situasi apa pun dengan ketulusan serta              with sincerity and continue to innovate on an
    tetap berinovasi secara berkelanjutan untuk            ongoing basis to provide the best results for the
    memberikan hasil terbaik bagi Perseroan.               Company.
3. Dalam          melaksanakan        tugas,    akan    3. In carrying out the duties, will prioritize and uphold
    mengutamakan          dan    menjunjung    tinggi      the interests of the Company over personal,
    kepentingan Perseroan daripada kepentingan             group, or class interests.
    pribadi, kelompok, atau golongan.
4. Menjunjung tinggi dan menjaga kehormatan             4. Upholding and maintaining the honor of the
    Perseroan dengan melakukan tindakan-tindakan           Company by carrying out honest and transparent
    yang jujur dan transparan, termasuk tidak              actions, including not committing acts of
    melakukan perbuatan korupsi, kolusi, nepotisme,        corruption, collusion, nepotism, and immorality
    dan asusila di lingkungan Perseroan.                   within the Company.
5. Tidak akan menerima atau memaksa seseorang           5. Will not accept or force someone to give
    untuk memberikan sesuatu yang penerimaan               something, where such acceptance or gift is
    atau pemberian tersebut terkait dengan jabatan         related to position or will be affecting obligations
    atau akan memengaruhi kewajiban terhadap               to the Company.
    Perseroan.
6. Tidak melakukan segala bentuk usaha yang             6. Will not do any form of business that may have
    dapat berdampak atau menimbulkan konflik               an impact or cause a conflict of interest with the
    kepentingan dengan kepentingan Perseroan,              interests of the Company, including controlling
    termasuk menguasai sebagian atau seluruh jenis         part or all types of economic businesses related to
    usaha ekonomi yang terkait di area Perseroan           the Company’s area on behalf of anyone without
    dengan atas nama siapa pun tanpa terkecuali.           exception.
7. Bersedia diberikan sanksi sesuai dengan peraturan    7. Willing to receive sanctions in accordance with
    perundang-undangan ketenagakerjaan, perdata            applicable labor, civil and/or criminal laws and
    dan/atau pidana yang berlaku apabila melakukan         regulations if a violation is committed.
    pelanggaran.




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Untuk menciptakan lingkungan kerja yang kondusif,      In order to create a conducive work environment, the
Perseroan menyediakan sistem pelaporan sebagai         Company is providing a reporting system to follow
tindak lanjut atas pelanggaran etika dan perilaku      up any violation of ethics and behavior as outlined in
yang diwajibkan menurut Pedoman Etika dan              the Code of Ethics and Conduct as well as applicable
Perilaku serta undang-undang yang berlaku. Sistem      laws. This system is designed to collect, store and
ini dirancang untuk mengumpulkan, menyimpan,           process information of violation, supported by clear
dan memproses informasi mengenai pelanggaran,          evidence. In addition, this system also aims to ensure
didukung oleh bukti yang jelas. Selain itu, sistem     compliance to the applicable regulations. Parties
ini bertujuan memastikan kepatuhan terhadap            that can be used as channels to report any violation
peraturan yang berlaku. Pihak yang dapat digunakan     report are as follows:
sebagai sarana pelaporan pelanggaran adalah:
1. Sekretaris Perusahaan (Corporate Secretary);        1.   Corporate Secretary;
2. Atasan di perusahaan;                               2.   Immediate superiors within the company;
3. Kontak pengaduan; serta                             3.   Designated complaint contacts; and
4. Dewan Komisaris.                                    4.   Board of Commissioners.

Perseroan menerima laporan pelanggaran yang            The Company is receiving report of violation
bersifat objektif untuk memastikan kepatuhan           objectively, to ensure compliance with the applicable
terhadap hukum yang berlaku. Laporan tidak boleh       laws. Report must be unrelated to any personal
berkaitan dengan permasalahan pribadi atau             matter or with the intention to defame others. Every
bertujuan menjatuhkan pihak lain. Setiap laporan       report submitted must be accompanied with the
yang disampaikan harus disertai identitas pelapor      reporter identity and clear evidence of the violation.
dan bukti pelanggaran yang jelas. Seluruh laporan      All of the reports received will be carefully processed
yang diterima akan diproses secara teliti sesuai       in line with the set procedure, with impartiality. The
dengan prosedur yang telah ditetapkan, tanpa           Company also maintain confidentiality of the report
keberpihakan. Perseroan juga menjaga kerahasiaan       and provide protection to the reporter to avoid
laporan dan memberikan perlindungan kepada             possible intimidation from the reported party.
pelapor untuk menghindari kemungkinan intimidasi
dari pihak terlapor.

Apabila laporan yang disampaikan terbukti benar,       If the report submitted is proven to be true, the
Manajemen akan menetapkan sanksi sesuai dengan         Management will determine sanction commensurate
tingkat pelanggaran. Sanksi yang diberlakukan          to the level of the violation. Sanctions imposed by
oleh Perseroan atas pelanggaran Pedoman Etika          the Company on the violation of Code of Ethics and
dan Perilaku serta pelanggaran hukum diuraikan         Conduct as well as violation of law are disclosed
sebagai berikut.                                       as follows.
1. Sanksi    bagi    karyawan    yang    melakukan     1. Sanctions for employees who commit violations
    pelanggaran       diputuskan    oleh     atasan        are decided by the direct supervisor or the
    langsung atau Direksi sesuai dengan tingkat            Board of Directors according to the level of the
    pelanggarannya setelah mendapat laporan                violation after receiving a report on the violation
    atas    pelanggaran     yang   dilakukan    oleh       committed by the employee concerned.
    karyawan bersangkutan.
2. Direksi memberikan arahan atas tindakan             2. The Board of Directors provides directions for
    pembinaan, sanksi disiplin, dan/atau tindakan         coaching actions, disciplinary sanctions, and/
    lainnya,   serta   pencegahan      yang    harus      or other actions, as well as prevention that must
    dilaksanakan oleh atasan langsung di lingkungan       be carried out by the direct supervisor in their
    masing-masing.                                        respective environment.
3. Sanksi bagi Direksi yang melakukan pelanggaran      3. Sanctions for Board of Directors who commit
    diputuskan oleh Dewan Komisaris.                      violations are decided by the Board of
                                                          Commissioners.




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4. Sanksi bagi Dewan Komisaris yang melakukan          4. Sanctions for the Board of Commissioners who
   pelanggaran diputuskan oleh Pemegang Saham.            commit violations are decided by the Shareholders.
5. Bila mitra kerja atau pemangku kepentingan yang     5. If a work partner or stakeholder commits a
   melakukan pelanggaran, maka akan dikenakan             violation, then the provisions as stated in the
   ketentuan sebagaimana yang tertuang dalam              contract will be imposed. If it is related to a criminal
   kontrak. Apabila terkait dengan tindak pidana,         act, it can be forwarded to the authorities.
   dapat diteruskan ke pihak yang berwajib.



Laporan Pelanggaran Etika                              Reports of Ethics
dan Perilaku                                           and Behavior Violations

Sepanjang tahun 2024, Perseroan dan Entitas Anak       Throughout 2024, the Company and Subsidiaries
tidak menerima laporan terkait pelanggaran etika       received no report of violation of ethics and behavior.
dan perilaku. Hal ini menunjukkan bahwa Pedoman        This shows that the Code of Ethics and Behavior
Etika dan Perilaku telah diterapkan secara baik dan    has been implemented well and effectively by the
efektif oleh Perseroan dan Entitas Anak.               Company and Subsidiaries.




PROGRAM KEPEMILIKAN SAHAM OLEH
MANAJEMEN DAN/ATAU KARYAWAN
  Share Ownership Program by Management and/or
  Employees
Perseroan     menyediakan     Management         and   The Company is preparing the Management and
Employee Stock Option Program (MESOP) sebagai          Employee Stock Option Program (MESOP) as an effort
upaya meningkatkan rasa keterikatan dan                to boost employee engagement and motivation.
motivasi para karyawan. Pelaksanaan program            The implementation of this program is referring to
ini merujuk pada Keputusan Sirkuler Pemegang           the Circular Resolution of Shareholders in lieu of the
Saham sebagai Pengganti RUPS Luar Biasa tanggal        Extraordinary GMS on 19 November 2021 and Board
19 November 2021 dan Surat Keputusan Direksi           of Directors Decree No. 003/SK-DIR/TPA/XI/2022 on
No. 003/SK-DIR/TPA/XI/2022 tentang Perubahan           Amendments to the Implementation of the Share
Pelaksanaan Program Pemberian Hak Opsi                 Purchase Option Granting Program for Management
Pembelian Saham untuk Manajemen dan Karyawan           and Employees of PT Teladan Prima Agro Tbk.
PT Teladan Prima Agro Tbk. Jumlah saham yang           The Company granted a total amount of 1% of total
diberikan oleh Perseroan adalah 1% dari total saham    issued and fully paid shares from the implementation
yang telah ditempatkan dan disetor penuh pada saat     of initial public offering (IPO) or a maximum of
penawaran umum perdana (initial public offering/       130,773,000 new shares to the management and/or
IPO), atau sebanyak-banyaknya 130.773.000 saham        the employees.
baru kepada manajemen dan/atau karyawan.

Pada tahun 2022, Perseroan melakukan kajian            In 2022, the Company has conducted further study
dan peninjauan lebih lanjut terhadap Program           and review of the MESOP. Based on the study As a
MESOP. Berdasarkan hasil kajian tersebut, melalui      result of the study, under the Board of Directors
Surat Keputusan Direksi No. 003/2022, Perseroan        Decree No. 003/2022, the Company intends to make
bermaksud     melakukan      perubahan     pada        changes to the structure and provisions of the MESOP,




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struktur dan ketentuan Program MESOP yang              previously regulated in the Board of Directors Decree
sebelumnya diatur dalam Surat Keputusan Direksi        No. 05/2021. The changes were made based on the
No. 05/2021. Perubahan ini dilakukan berdasarkan       following considerations.
pertimbangan sebagai berikut.
1. Perseroan menilai terdapat sejumlah karyawan        1. The Company views that there are a number of
    yang berhak untuk mendapatkan alokasi Program         employees who are entitled to receive MESOP
    MESOP, yang akan memasuki usia pensiun pada           allocation, who will enter retirement age in
    periode tahun 2024-2025. Penyesuaian Program          2024-2025      period.   Adjustment     of    the
    MESOP Perseroan diharapkan dapat memberikan           Company’s MESOP is expected to provide
    keuntungan optimal untuk dinikmati oleh               optimal benefits to be enjoyed by employees
    karyawan yang memasuki masa pensiun tersebut          who are entering retirement age as a
    sebagai penghargaan masa kerja dan bakti              reward for their years of service and loyalty
    kepada Perseroan.                                     to the Company.
2. Perseroan akan memperluas kriteria peserta          2. The Company will expand the criteria for MESOP
    Program     MESOP.     Perseroan    bermaksud         participants. The Company intends to provide
    memberi     kesempatan      kepada    karyawan        opportunities for key employees who joined before
    kunci yang bergabung sebelum dan sesudah              and after the IPO to participate in the MESOP
    IPO untuk mengikuti Program MESOP guna                in order to increase their sense of belonging
    meningkatkan rasa memiliki (sense of belonging)       to the Company.
    kepada Perseroan.
3. Pemberian      program     kepemilikan    saham     3. Providing a share ownership program to key
    kepada karyawan kunci diharapkan akan lebih           employees is expected to further push the
    mendorong transformasi Perseroan dalam 2              Company’s transformation in the first 2 years to
    tahun awal agar lebih optimal.                        make it more optimal.

Karyawan yang eligible untuk mengikuti Program         Employee eligible to participate in the MESOP must
MESOP harus memenuhi kriteria berikut.                 fulfil the following criteria.
1. Dewan Komisaris, kecuali Komisaris Independen.      1. Board of Commissioners, except for Independent
                                                            Commissioners.
2. Anggota Direksi yang menjabat pada saat             2. Members of the Board of Directors who were in
   penerbitan hak Opsi.                                     office at the time the option rights were issued.
3. Karyawan yang memenuhi ketentuan sebagai            3. Employees who meet the following conditions.
   berikut.
   a. Level manajer ke atas dan telah bekerja               a. Manager level and above and have worked
      minimal selama 1 tahun.                                  for at least 1 year.
   b. Dianggap     memiliki   jabatan    strategis          b. Considered to have a strategic position as
      sebagaimana ditentukan oleh Direksi.                     determined by the Board of Directors.

Perseroan telah melaksanakan Program MESOP             The Company has executed the MESOP from approval
yang dimulai tanggal persetujuan RUPS, yakni           date of the GMS, on 19 November 2021. This program
19 November 2021. Program ini direalisasikan           is realized in 2023, with Phase I commenced from
pada 2023, dengan Tahap I berlangsung dari 1 Juli      1 July to 14 August 2023, and Phase II from 1 October
hingga 14 Agustus 2023, dan Tahap II dari 1 Oktober    to 12 November 2023. Upon the publication of this
hingga 12 November 2023. Saat Laporan Tahunan          Annual Report, the MESOP has officially ended, and
ini diterbitkan, Program MESOP telah resmi berakhir,   all of the aforementioned executions had been
dan seluruh pelaksanaan telah dilaporkan kepada        reported to the Financial Services Authority and
Otoritas Jasa Keuangan dan Bursa Efek Indonesia        Indonesia Stock Exchange through SPE IDXNet, with
melalui SPE IDXNet, tanpa ada peserta yang             no participant opted to convert their MESOP option
melakukan konversi hak opsi MESOP.                     rights.




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KEBIJAKAN PELAPORAN PELANGGARAN
  Violation Reporting Policy


Perseroan      membentuk      sistem     pelaporan    The Company has set up a reporting mechanism for
pelanggaran (whistleblowing system/WBS) guna          suspected violations or whistleblowing system (WBS)
menjaga lingkungan kerja yang baik, nyaman, dan       to maintain good, comfortable, and conducive work
kondusif. Sistem ini juga membantu Perseroan dalam    environment. It also assist the Company on early
mendeteksi dan menangani potensi pelanggaran          detection and handling of any potential violation,
sejak dini, serta meningkatkan kesadaran seluruh      while improving the awareness of all company
organ perusahaan terkait budaya kepatuhan             organs on compliance culture and ethics.
dan etika.

Dalam    rangka   memastikan    WBS   berfungsi       To ensure the WBS functions effectively, the Company
secara efektif, Perseroan menyusun Pedoman            has developed a Whistleblowing Reporting System
Sistem Pelaporan Dugaan Pelanggaran sebagai           Guideline as a reference for reporting suspected
panduan dalam melaporkan dugaan kecurangan,           fraud, legal violations, ethical breaches, and other
pelanggaran hukum, etika, serta perilaku tidak        inappropriate behaviors by stakeholders. This
pantas lainnya yang dilakukan oleh pemangku           guideline was approved on 24 November 2023 and
kepentingan. Pedoman ini disahkan pada tanggal        accessible through the Company’s website.
24 November 2023 dan dapat diakses melalui situs
web Perseroan.

Melalui penerapan Pedoman Sistem Pelaporan            With the implementation of the Whistleblowing
Dugaan Pelanggaran (Whistleblowing System),           System Policy, it is expected that the Company is
Perseroan      diharapkan      mampu     mencapai     achieving these following goals.
tujuan berikut.
1. Menciptakan iklim kerja yang kondusif dan          1.   Fostering a conducive working climate and
    menjadi sarana bagi pemangku kepentingan               providing a mechanism for stakeholders and
    (stakeholders) dan karyawan untuk melaporkan           employees to report issues that may lead to losses
    hal-hal yang dapat menimbulkan kerugian                for the company, both financial and non-financial,
    perusahaan, baik finansial maupun non-finansial        potentially damaging the Company’s image and
    yang dapat merusak citra dan keberlangsungan           business continuity.
    usaha perusahaan.
2. Memberikan kesempatan kepada pemangku              2. Offering opportunities for stakeholders and
    kepentingan (stakeholders) dan karyawan              employees to submit reports of alleged violations,
    dalam     menyampaikan       laporan   dugaan        supported by verifiable evidence.
    pelanggaran berdasarkan bukti-bukti yang
    dapat dipertanggungjawabkan.

Penerapan Pedoman Sistem Pelaporan Dugaan             The implementation of the Whistleblowing System
Pelanggaran     (Whistleblowing     System)  oleh     Policy by the Company also contributes in improving
Perseroan juga berkontribusi dalam mengoptimalkan     the transparency, accountability, responsibility,
transparansi, akuntabilitas, pertanggungjawaban,      independence, as well as the equality and fairness in
independensi, serta kesetaraan dan kewajaran          implementing GCG principles.
dalam penerapan prinsip-prinsip GCG.




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Penanganan Pelaporan                                  Handling of Reports
Dugaan Pelanggaran                                    of Alleged Violations

Proses    penanganan      pelaporan    pelanggaran    The handling of reports of alleged violations are
dilakukan berdasarkan Pedoman Sistem Pelaporan        conducted based on the Whistleblowing System
Dugaan Pelanggaran (Whistleblowing System). Jenis     Policy. In this policy, the forms of violations that can
pelanggaran yang dapat dilaporkan sesuai pedoman      be reported are violations committed by:
ini meliputi pelanggaran yang dilakukan oleh:
1. Direksi, anggota Dewan Komisaris, dan/atau         1. Board of Directors, members of the Board
    anggota Komite Perseroan, baik secara pribadi        of Commissioners, and/or members of the
    maupun bersama-sama;                                 Company’s Committees, either individually
                                                         or collectively;
2. Direksi dan Dewan Komisaris Entitas Anak; serta    2. Board of Directors and Board of Commissioners
                                                         of Subsidiaries; as well as
3. Karyawan Perseroan dan/atau Entitas Anak.          3. Employees of the Company and/or Subsidiaries.



Jenis Tindakan Pelanggaran                            Type of Violations Action

Perseroan telah mengklasifikasikan jenis tindakan     The Company has classified types of violations that
pelanggaran yang dapat dilaporkan, sebagai berikut.   can be reported, as follows.
1. Kejahatan/pelanggaran           penyalahgunaan     1. Crime/violation of abuse of office/authority.
    jabatan/wewenang.
2. Pembocoran rahasia perusahaan.                     2. Disclosure of company secrets.
3. Penerimaan dan/atau pemberian gratifikasi.         3. Receiving and/or giving gratuities.
4. Penyelewengan usaha perusahaan.                    4. Misappropriation of company business.
5. Penggelapan/penyalahgunaan aset perusahaan.        5. Embezzlement/misuse of company assets.
6. Pemerasan.                                         6. Extortion.
7. Penipuan.                                          7. Fraud.
8. Benturan kepentingan.                              8. Conflict of interest.
9. Pelanggaran etika dan perbuatan asusila.           9. Ethical violations and immoral acts.
10. Fraud, penyuapan atau korupsi.                    10. Fraud, bribery or corruption.
11. Pencurian.                                        11. Theft.
12. Pelanggaran Standar Operasional Perusahaan        12. Violation of Company Operating Standards
    (SOP)/Peraturan Perusahaan.                           (SOP)/Company Regulations.
13. Pelanggaran undang-undang yang berlaku            13. Violation of laws in force in Indonesia.
    di Indonesia.
14. Transaksi yang terkait dengan pencucian uang.     14. Transactions related to money laundering.



Penyampaian Pelaporan                                 Submission of Reports
Dugaan Pelanggaran                                    of Alleged Violations

Sebagai bentuk komitmen untuk membangun               As a commitment to realize a conducive work
lingkungan    kerja   yang   kondusif,   Perseroan    environment, the Company is providing channels to
menyediakan       sarana    pelaporan      dugaan     report alleged violations that are well maintained,
pelanggaran yang dikelola secara baik, transparan,    transparent, and professional. All of the stakeholders
dan profesional. Seluruh pemangku kepentingan         engaged with the Company or Subsidiaries may
yang terkait dengan Perseroan maupun Entitas Anak     submit the report of alleged violation through the
dapat menyampaikan laporan pelanggaran melalui        following channels.
sarana berikut.




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                   E-mail                        Telepon / Telephone               Situs Web / Website
          lapor@teladanprima.com                   (021) 2960 0300                www.teladanprima.com




                           Kotak pengaduan yang tersedia di kantor pusat dan cabang.
                            Complaint boxes available at the head office and branches.



Pelapor diharapkan mencantumkan alamat email,               Reporters are expected to provide email address,
nomor telepon, atau WhatsApp untuk memudahkan               telephone number, or WhatsApp contact to facilitate
tindak lanjut dan komunikasi oleh Tim Khusus                further follow-up and communications made by the
Pelaporan Pelanggaran (TKPP).                               Special Violation Reporting Team (TKPP).



Organisasi Penanganan Pelaporan                             Organization for Handling Reports
Dugaan Pelanggaran                                          of Alleged Violations

Perseroan berupaya menerapkan sistem pelaporan              The Company is striving to implement whistleblowing
dugaan pelanggaran secara efektif, yang dibuktikan          system effectively, as shown with the appointment of
dengan pembentukan penanggung jawab khusus                  dedicated teams in charge as follow.
sebagai berikut.
1. Tim Khusus Pelaporan Pelanggaran (TKPP)                  1.   Special Team for Reporting Violations (TKPP)
   Tim ini dibentuk oleh Direksi sebagai tim                     The Board of Directors establishes this team to
   pengelola pelaporan dugaan pelanggaran dan                    manage the report of alleged violations and
   bertanggung jawab langsung kepada Direksi.                    directly reports to the Board of Directors. TKPP has
   TKPP memiliki tugas:                                          the following tasks:
   a. Menerima, mencatat, dan mengelompokkan                     a. Receive, record, and classify violation reports
      laporan pelanggaran berdasarkan kategori                       based on violation categories;
      pelanggaran;
   b. Melaksanakan      program      perlindungan              b. Carry out the whistleblower protection program
      pelapor sesuai dengan kebijakan yang telah                   following    established   policies,   including
      ditetapkan, termasuk menjaga kerahasiaan                     maintaining the confidentiality of reporting and
      pelaporan dan terlapor (asas praduga tidak                   the reported (presumption of innocence); as
      bersalah); serta                                             well as
   c. Menjaga komunikasi teratur dengan pelapor.               c. Maintain      regular    communication        with
                                                                   reporters.
2. Tim Investigasi                                          2. Investigation Team
   Terdiri dari tim investigasi internal, tim investigasi      Consists of an internal investigation team, an
   eksternal (apabila dipandang perlu oleh                     external investigation team (if deemed necessary
   Perseroan), dan/atau tim investigasi Entitas                by the Company), and/or an investigation
   Anak dan/atau fungsi lainnya, sesuai dengan                 team of Subsidiaries and/or other functions,
   Peraturan Perusahaan. Secara umum, tim ini                  in accordance with Company Regulations.
   bertugas untuk melakukan investigasi lebih                  In general, the team is assigned the responsibility
   lanjut terhadap substansi pelanggaran yang                  of conducting thorough investigations into
   dilaporkan dengan tujuan untuk mencari dan                  reported violations. The goal is to uncover
   mengumpulkan bukti-bukti yang diperlukan guna               and gather essential evidence confirming the
   memastikan bahwa telah terjadi pelanggaran                  occurrence of a violation. The team reports
   dan bertanggung jawab langsung kepada                       directly to the Board of Directors.
   Direksi.




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3. Dewan Komisaris                                      3. Board of Commissioners
   Dalam hal dugaan pelanggaran dilakukan oleh             In the event that the alleged violation is committed
   Dewan Komisaris Perseroan, maka Direksi dapat           by the Board of Commissioners of the Company,
   menyerahkan hal ini kepada Pemegang Saham               the Board of Directors has the option to present the
   Pengendali untuk mendapatkan arahan lebih               issue to the Controlling Shareholders for additional
   lanjut sebelum dibawa secara formal ke RUPS.            guidance before formally bringing it to the GMS.
4. Direksi                                              4. Board of Directors
   Direksi    memastikan     bahwa      penanganan         The Board of Directors ensures that the handling
   pelaporan dugaan pelanggaran dilakukan                  of reports on alleged violations is carried out
   mengikuti ketentuan dan prosedur sebagai                in accordance with the following provisions
   berikut:                                                and procedures:
   a. Menindaklanjuti pelanggaran yang dilakukan           a. Follow up on violations committed by
       oleh karyawan Perseroan dan/atau Entitas                employees       of    the   Company       and/or
       Anak;                                                   Subsidiaries;
   b. Melakukan      pemeriksaan     atas    kategori      b. Examine the categories of violations,
       pelanggaran, pelaku, kelengkapan dokumen,               perpetrators, completeness of documents,
       dan kebenaran atas laporan tersebut                     and the veracity of the report and then decide
       kemudian memutuskan apakah laporan                      whether the report will be followed up or
       tersebut akan ditindaklanjuti atau diarsipkan;          archived; and
       serta
   c. Menugaskan Tim Investigasi untuk melakukan             c. Assign the Investigation Team to conduct
       investigasi   terkait   pelanggaran      yang            investigations related to violations committed
       dilakukan karyawan Perseroan dan/atau                    by employees of the Company and/or
       Entitas Anak.                                            Subsidiaries.

Jika dugaan pelanggaran dilakukan oleh anggota          If the alleged violation is committed by member of
Direksi Perseroan, Dewan Komisaris berwenang            the Board of Directors of the Company, the Board
untuk     memberhentikan      sementara   yang          of Commissioners is authorized to temporarily
bersangkutan dengan alasan yang jelas. Proses           suspend the person concerned with obvious reason.
pemberhentian harus disampaikan secara tertulis.        The temporary suspension is communicated in
Selanjutnya, Dewan Komisaris dapat menunjuk Tim         writing. The Board of Commissioners may then
Investigasi melalui Komite Audit untuk meninjau         appoint an Investigation Team through the Audit
laporan pelanggaran tersebut. Keputusan hasil           Committee to review the violation report. Decision
peninjauan akan dilaporkan kepada Pemegang              subsequent to the review results is submitted to
Saham dalam RUPS.                                       Shareholders at the GMS.



Perlindungan Pelapor                                    Protection for Reporters

Perseroan memberikan perlindungan kepada                The Company provides protection to the reporter
pelapor untuk mencegah kerugian atau intimidasi.        to prevent any loss or intimidation. This protection
Perlindungan ini juga memotivasi karyawan agar          also motivates other employee to be courageous to
berani melaporkan pelanggaran di lingkungan             report internal violation. Types of protection provided
internal. Jenis perlindungan yang diberikan diuraikan   is detailed as follows.
sebagai berikut.
1. Menjamin kerahasiaan identitas pelapor dan isi       1.   Ensure the confidentiality of the reporter’s identity
    laporan serta keamanan bagi pelapor. Perseroan           and the content of the report, as well as provide
    juga menjamin pelapor terhadap perlakuan                 security for the reporter. The Company also
    yang merugikan, seperti pemecatan yang tidak             guarantees protection for the reporter against
    adil, penurunan jabatan atau pangkat, intimidasi,        adverse actions, such as unfair dismissal,
    pelecehan      dan/atau    diskriminasi    dalam         demotion, intimidation, harassment, and/or
    segala bentuknya.                                        discrimination in any form.

2. Memberikan jaminan kerahasiaan terhadap              2. Provide confidentiality assurances regarding
   identitas terlapor selama dugaan pelanggaran            the identity of the accused party as long as the
   belum terbukti.                                         alleged violation remains unproven.




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3. Memberikan       jaminan    kerahasiaan     dan    3. Assure confidentiality and protection for
   perlindungan bagi karyawan atau orang lain yang       employees or individuals not reporting but
   bukan pelapor, namun ditunjuk oleh TKPP untuk         appointed by the Special Violation Reporting
   ikut membantu proses penyelidikan/investigasi         Team (TKPP) to assist in the investigation process.
   suatu kasus, maka karyawan atau orang tersebut        These individuals should be safeguarded similarly
   juga harus dilindungi sama seperti pelapor.           to the reporter.
4. Memberikan jaminan kepada pelapor bahwa            4. Assure the reporter that no sanctions will be
   tidak ada sanksi yang diberikan kepada pelapor        imposed if the investigation into their report does
   apabila hasil penyelidikan/investigasi atas           not confirm any wrongdoing.
   laporannya tidak terbukti.



Sanksi Bagi Pelapor yang                              Sanctions for Reporters Who Misuse
Menyalahgunakan Sistem Pelaporan                      the Violation Reporting System
Dugaan Pelanggaran

Pelapor yang menyalahgunakan sistem pelaporan         The reporter who misuse the violation reporting
dugaan pelanggaran untuk kepentingan pribadi          system for personal interest will be given these
akan dikenai sanksi sebagai berikut.                  following sanctions.
1. Perseroan melarang penyalahgunaan sistem           1. The Company prohibits misuse of the reporting
   pelaporan dan penanganan tindak pelanggaran            system and handling of violations by reporters in
   oleh para pelapor dalam bentuk laporan palsu           the form of false or slander reports.
   atau fitnah.
2. Perseroan      tidak   memberikan       jaminan    2. The Company does not provide guarantees of
   kerahasiaan dan perlindungan bagi pelapor             confidentiality and protection for reporters who
   yang terbukti melakukan pelaporan palsu atau          are proven to have made false or slanderous
   fitnah.                                               reports.
3. Perseroan dapat melakukan tindakan terhadap        3. The Company can take action against a
   pelapor yang terbukti melakukan pelaporan             reporter who is proven to have made a false
   palsu atau fitnah sesuai ketentuan yang berlaku.      report or slander in accordance with applicable
                                                         regulations.



Laporan Pelanggaran Tahun 2024                        Violation Reports in 2024

Sepanjang tahun 2024, Perseroan dan Entitas Anak      Throughout 2024, the Company and its Subsidiaries
tidak menerima laporan pelanggaran. Kondisi ini       receive no violation report. This shows that Code
menunjukkan bahwa Pedoman Etika dan Perilaku          of Ethics and Behavior has been effectively
diterapkan secara efektif.                            implemented.




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KEBIJAKAN ANTI-KORUPSI
DAN ANTI-PENYUAPAN
  Anti-Corruption and Anti-Bribery Policy

Perseroan     berkomitmen    untuk   menciptakan         The Company is committed to creating a corruption-
lingkungan yang bebas dari praktik korupsi dengan        free environment by ensuring that all operational
memastikan bahwa seluruh kegiatan operasional            activities are conducted in accordance with
dilakukan sesuai dengan kebijakan yang berlaku           applicable policies and by consistently implementing
dan menerapkan Kebijakan Anti-Korupsi secara             the Anti-Corruption Policy. This policy refers to the
konsisten. Kebijakan ini mengacu pada Pedoman            Anti-Corruption and Anti-Bribery Guidelines, which
Anti-Korupsi dan Anti-Penyuapan yang disahkan            were ratified on 24 November 2023 and accessible
pada tanggal 24 November 2023 dan dapat diakses          through the Company’s website.
melalui situs web Perseroan.

Sebagai acuan bagi seluruh karyawan, Pedoman             As a reference for all employees, the Anti-Corruption
Anti-Korupsi dan Anti-Penyuapan disosialisasikan         and Anti-Bribery Guidelines are periodically
secara berkala di lingkungan Perseroan maupun            socialized within the Company and its Subsidiaries.
Entitas Anak. Selain itu, Perseroan telah melaksanakan   In addition, the Company has conducted an anti-
kegiatan pelatihan anti-korupsi dengan judul “Stop       corruption training session titled “Stop Corruption:
Korupsi: Penerapan Anti-Korupsi, Anti-Penyuapan,         Implementation of Anti-Corruption, Anti-Bribery,
dan Praktik Perilaku Usaha Beretika”. Materi pelatihan   and Ethical Business Conduct Practices”. The
tersebut disampaikan oleh Dr. Yenti Garnasih, SH, MH,    training materials were presented by Dr. Yenti
di kantor Perseroan pada tanggal 29 November 2024.       Garnasih, SH, MH, at the Company’s office on
Informasi lebih lanjut mengenai kebijakan dan            29 November 2024. More detailed information
pelatihan anti-korupsi telah diungkapkan pada            on the anti-corruption policies and training have
situs web Perseroan laman Tata Kelola Perusahaan         been disclosed in the Company’s website under
bagian Kebijakan dan Sistem Tata Kelola serta            Corporate Governance section in the Policies and
Laporan Keberlanjutan.                                   Governance Systems, along with Sustainability
                                                         Reports.




KEBIJAKAN BENTURAN KEPENTINGAN
  Conflict of Interest Policy


Perseroan telah menerapkan Kebijakan Benturan            The Company has been implementing Conflict
Kepentingan yang diatur dalam Pedoman Etika              of Interest Policy outlined in the Code of Ethics
dan Perilaku serta Pedoman Anti-Korupsi dan              and Behavior Policy and the Anti-Corruption and
Anti-Penyuapan.        Kebijakan   ini   bertujuan       Anti-Bribery Policy. These policies aim to minimize
meminimalkan kemungkinan benturan antara                 the potential conflict between the personal interest
kepentingan pribadi organ perusahaan dan                 of company organ and corporate interests, as well
kepentingan perusahaan, serta mempertahankan             as maintaining integrity and objectivity. Following
integritas dan objektivitas. Berikut hal-hal yang        are instances considered as conflicts of interest.
termasuk dalam kategori benturan kepentingan.
1. Apabila insan perusahaan yang diamanahkan             1.   When an employee entrusted with authority
    atas kekuasaan dan kewenangan, namun                      and responsibility has or is suspected to have
    memiliki atau diduga memiliki kepentingan                 personal interests in any use of their authority
    pribadi atas setiap penggunaan wewenang                   that may influence quality and performance.
    yang dimilikinya sehingga dapat memengaruhi
    kualitas dan kinerja.



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2. Apabila terdapat konflik antara kepentingan         2. When there is a conflict between the Company’s
   ekonomis Perseroan dengan kepentingan                  economic interests and the personal economic
   ekonomis pribadi insan perusahaan.                     interests of an employee.
3. Apabila terlibat dengan pekerjaan atau aktivitas    3. Involvement in profitable work or business
   bisnis yang menguntungkan dalam bentuk                 activities, unless it is related to the company, such
   apa pun, kecuali masih mempunyai hubungan              as employee cooperatives or those approved in
   dengan perusahaan seperti koperasi karyawan            writing by the Company.
   atau yang telah disetujui secara tertulis oleh
   Perseroan.
4. Apabila terlibat dalam pekerjaan pribadi atau       4. Engagement in personal work or trade for
   perdagangan untuk keuntungan pribadi, baik             personal gain, whether conducted within or
   pekerjaan tersebut dilaksanakan di dalam               outside the Company’s premises.
   ataupun di luar wilayah Perseroan.
5. Apabila karyawan atau anggota keluarga dekat        5. In cases where an employee, or their close family
   atau kerabatnya memiliki kepentingan signifikan        member or relative, has significant interests
   di salah satu pemasok Perseroan, baik itu              in any of the Company’s suppliers, whether
   produk atau layanan, pelanggan, atau pesaing           products, services, customers, or competitors,
   tanpa memperoleh persetujuan tertulis dari             without obtaining written approval from
   Manajemen Perseroan.                                   the Company Management.
6. Jika karyawan atau anggota keluarga dekatnya        6. If an employee or their close family member
   menerima uang, hadiah lebih dari nilai                 receives money, gifts exceeding nominal value,
   nominal, keramahtamahan yang berlebihan,               excessive hospitality, loans, or special treatment
   pinjaman atau perlakuan khusus dari pemasok,           from any suppliers, customers, or competitors of
   pelanggan, atau pesaing perusahaan mana                any company. “Exceeding nominal value” refers
   pun. “Lebih dari nilai nominal” mengacu                to gifts or assistance received in any form that
   pada hadiah atau bantuan yang diterima                 prevents an employee from acting in the best
   dalam bentuk apa pun, yang mencegah                    interests of the Company.
   karyawan untuk bertindak demi kepentingan
   terbaik Perseroan.
7. Apabila karyawan mencuri, meminjamkan,              7. If an employee steals, loans, or provides Company
   atau memberikan properti Perseroan kepada              property to a third party without proper approval.
   pihak ketiga tanpa mendapatkan persetujuan
   yang layak.
8. Apabila karyawan terlibat dalam aktivitas,          8. If an employee is involved in any activity, interest,
   kepentingan, investasi apa pun, atau asosiasi          investment, or association that may interfere
   yang dapat mengganggu penilaian mereka                 with their judgment on the best interests of the
   tentang kepentingan terbaik Perseroan.                 Company.

Melalui kebijakan ini, seluruh organ perusahaan        Under this policy, all company organs are expected
diharapkan memahami batasan yang dapat                 to comprehend the boundaries that may lead to
menimbulkan konflik kepentingan (conflict of           conflicts of interest within the Company. This aims
interest) di lingkungan Perseroan. Hal ini bertujuan   to improve the implementation of GCG principles as
untuk meningkatkan penerapan prinsip-prinsip           well as optimizing the high business and work ethics.
GCG serta mengoptimalkan etika bisnis dan              In addition, all of the company organs are expected
etika kerja yang tinggi. Selain itu, seluruh organ     to act by prioritizing Company interests.
perusahaan diharapkan menjalankan peran dengan
memprioritaskan kepentingan Perseroan.




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KEBIJAKAN INSIDER TRADING
  Insider Trading Policy


Kebijakan Insider Trading diterapkan oleh Perseroan   The Insider Trading Policy is implemented by the
untuk mencegah praktik perdagangan saham              Company to prevent the practice of trading stocks
berdasarkan informasi yang belum diumumkan            based on information that has not been publicly
ke publik, serta memastikan keadilan bagi semua       disclosed, as well as to ensure fairness for all
investor. Kebijakan ini diatur dalam Pedoman          investors. This policy is outlined in the Insider Trading
Insider Trading yang disahkan pada tanggal            Guidelines, which were approved on 24 November
24 November 2023 dan dapat diakses melalui situs      2023 and accessible through the Company’s website.
web Perseroan.

Pedoman tersebut melarang karyawan Perseroan          The policy prohibits Company employee from
untuk melakukan transaksi dengan menggunakan          engaging in transactions using insider information,
informasi orang dalam sesuai dengan Undang-           as defined in Law No. 8 of 1995 regarding the Capital
Undang No. 8 Tahun 1995 tentang Pasar Modal.          Market. The Company is committed to avoid insider
Perseroan berkomitmen untuk menghindari tindakan      trading act by strictly segregating confidential data
insider trading dengan memisahkan secara tegas        and/or information from public information, as well as
data dan/atau informasi yang bersifat rahasia dari    dividing the duties and responsibilities for managing
yang bersifat publik, serta membagi tugas dan         such information proportionally and efficiently.
tanggung jawab pengelolaan informasi secara
proporsional dan efisien.

Selain itu, Perseroan tidak memperkenankan            The Company also prohibits employees from
karyawan menggunakan informasi yang belum             information not officially published to engage in
resmi dipublikasikan untuk melakukan insider          insider trading, including but not limited to the
trading, termasuk tetapi tidak terbatas pada          following actions:
tindakan berikut.
1. Memengaruhi pihak lain untuk melakukan             1. Influencing others to buy or sell the Company’s
    pembelian atau penjualan atas efek Perseroan.        securities.
2. Memberikan informasi kepada pihak mana             2. Providing information to anyone reasonably
    pun yang patut diduga dapat menggunakan              suspected of using the mentioned information to
    informasi dimaksud untuk melakukan pembelian         buy or sell the Company’s stocks or securities.
    atau penjualan atas saham atau efek Perseroan.

Perseroan juga mengawasi karyawan yang memiliki       The Company also supervises employees with
wewenang dan tanggung jawab terkait akses             authorities and responsibilities related to information
informasi, baik yang bersifat umum maupun rahasia.    access, both public or confidential. They must be
Mereka harus bertanggung jawab atas:                  responsible for:
1. Melindungi informasi rahasia Perseroan, baik       1. Safeguarding the Company’s confidential
    saat masih aktif bekerja maupun sudah tidak          information, both while actively employed and
    bekerja atau tidak mempunyai ikatan kerja sama       after cessation of employment or termination
    dengan Perseroan, sesuai dengan peraturan            of any collaboration with the Company, in
    perundang-undangan yang berlaku;                     accordance with applicable regulations;
2. Menggunakan informasi Perseroan, baik yang         2. Using the Company’s information, whether
    bersifat umum maupun khusus, hanya untuk             general or specific, solely for the Company’s
    kepentingan Perseroan; dan                           interests; and
3. Tidak melakukan penyebaran informasi yang          3. Refraining     from      disclosing      confidential
    bersifat rahasia, baik secara lisan maupun           information, whether verbally or in writing, to
    tulisan, kepada pihak lain berupa perseorangan,      third parties, including individuals, companies,
    perusahaan, asosiasi, atau badan hukum lainnya.      associations, or other legal entities.




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PRAKTIK BAD CORPORATE GOVERNANCE
  Bad Corporate Governance Practice


Perseroan melaporkan bahwa tidak ada tindakan                    The Company reports that there is no action or policy
atau kebijakan yang berkaitan dengan praktik tata                related to bad corporate governance practice.
kelola perusahaan yang buruk (bad corporate                      This reflects the Company commitment in
governance). Hal ini mencerminkan komitmen                       implementing the principles of good corporate
Perseroan dalam penerapan prinsip-prinsip tata                   governance (GCG).
kelola perusahaan yang baik (GCG).


             Uraian                                                          Praktik
           Description                                                       Practice

Adanya        laporan     sebagai      Tidak terdapat laporan mengenai pencemaran lingkungan yang dilakukan oleh
perusahaan      yang   mencemari       Perseroan dan Entitas Anak.
lingkungan.
Existing report as company that        There is no report about environment pollution conducted by the Company and
pollutes the environment.              Subsidiaries.
Perkara penting yang sedang            Tidak terdapat perkara penting yang sedang dihadapi oleh Perseroan anggota
dihadapi     oleh     perusahaan,      Dewan Komisaris, dan/atau Direksi sebagaimana diungkapkan dalam pembahasan
anggota      Dewan       Komisaris,    Perkara Penting dan Sanksi Administratif.
dan/atau Direksi yang sedang
menjabat tidak diungkapkan dalam
Laporan Tahunan.
Important cases faced by the           There were no important cases faced by the Company, member of the Board of
company, member of the sitting         Commissioners, and/or Board of Directors as stated in the Important Cases and
Board of Commissioners, and/or         Administrative Sanctions section.
Board of Directors not disclosed in
the Annual Report.
Ketidakpatuhan dalam pemenuhan Sebagai bentuk kepatuhan terhadap peraturan perpajakan, Perseroan telah
kewajiban perpajakan.                memenuhi kewajiban pajaknya dengan melakukan pembayaran pajak sesuai
                                     ketentuan yang berlaku. Informasi mengenai pembayaran pajak tahun 2024 telah
                                     diungkapkan dalam Laporan Keuangan Konsolidasian Perseroan, pada Catatan 11.
Non-compliance in fulfillment of tax As a form of compliance with the tax regulations, the Company has fulfilled its tax
obligations.                         obligations by paying the tax in line with the applicable provisions. Information on
                                     the tax payments for the 2024 has been disclosed in the Company’s Consolidated
                                     Financial Statements, in Note 11.
Ketidaksesuaian penyajian Laporan      Penyusunan Laporan Tahunan dan Laporan Keuangan Perseroan telah disesuaikan
Tahunan dan Laporan Keuangan           dengan peraturan dan perundang-undangan yang berlaku. Laporan Tahunan memuat
dengan peraturan yang berlaku          Laporan Manajemen yang mencakup pelaksanaan tugas, tantangan, serta capaian
dan Standar Akuntansi Keuangan.        sepanjang tahun 2024, dan disusun berdasarkan Peraturan Otoritas Jasa Keuangan
                                       No. 29/POJK.04/2016 tentang Laporan Tahunan Emiten atau Perusahaan Publik.
                                       Sementara itu, Laporan Keuangan disusun sesuai dengan Standar Akuntansi
                                       Keuangan yang berlaku, serta telah memenuhi Peraturan Otoritas Jasa Keuangan
                                       No. 14/POJK.04/2022 tentang Penyampaian Laporan Keuangan Berkala Emiten atau
                                       Perusahaan Publik. Laporan Keuangan Tahunan per 31 Desember 2024 telah diperiksa
                                       dan disahkan oleh KAP Purwantono, Sungkoro & Surja yang ditunjuk oleh Perseroan.
Non-conformity in presenting the       The Company has adjusted the preparation of its Annual Report and Financial
Annual    Report    and    Financial   Statements to the applicable laws and regulations. The Annual Report covers the
Statements following the applicable    Management Report that include implementation of duties, challenges, as well as
regulation and Financial Accounting    the achievements throughout 2024, and is prepared based on the Financial Services
Standards.                             Authority Regulation No. 29/POJK.04/2016 on Annual Report of Issuers or Public
                                       Companies. Meanwhile, the Financial Statements have been prepared following the
                                       applicable Financial Accounting Standards and has complied with the Financial
                                       Services Authority Regulation No. 14/POJK.04/2022 concerning Submission of Periodic
                                       Financial Statements of Issuers or Public Companies. The Financial Statements as of 31
                                       December 2024 have been audited and ratified by KAP Purwantono, Sungkoro & Surja
                                       as appointed by the Company.
Kasus terkait buruh dan karyawan.   Sepanjang tahun 2024, tidak terdapat kasus terkait buruh dan karyawan di lingkungan
                                    Perseroan dan Entitas Anak.
Case related to labor and employee. Throughout 2024, there was no case related to labor and employee within the
                                    Company and Subsidiaries.




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               Uraian                                                       Praktik
             Description                                                    Practice

Tidak    terdapat    pengungkapan Pengungkapan segmen operasi diungkapkan dalam Bab Analisis dan Pembahasan
segmen operasi.                       Manajemen dalam Laporan Tahunan ini.
No disclosure of operational segment. Disclosure of operational segment is available at the Management Discussion and
                                      Analysis Chapter in this Annual Report.
Terdapat ketidaksesuaian antara      Perseroan selalu melakukan pengecekan sebelum mengunggah Laporan
Laporan Tahunan hardcopy dengan      Tahunan    dan    memastikan    kesesuaian    data    antara  versi  hardcopy
Laporan Tahunan softcopy.            dan softcopy.
There are discrepancies between      The company always do a checking prior to upload the Annual Report and ensures
the hardcopy and softcopy of the     data conformity between the hardcopy and softcopy versions.
Annual Report.




PENERAPAN PEDOMAN TATA KELOLA
PERUSAHAAN TERBUKA
  Implementation of Public Company Governance Policy

Perseroan menerapkan pedoman tata kelola                        The Company is implementing the public company
perusahaan terbuka berdasarkan Surat Edaran                     governance policy based on Financial Services
Otoritas Jasa Keuangan No. 32/SEOJK.04/2015                     Authority Circular Letter No. 32/SEOJK.04/2015
tentang Pedoman Tata Kelola Perusahaan Terbuka.                 regarding Guidelines for the Governance of Public
Rincian pelaksanaannya selama tahun 2024 dapat                  Companies. The detailed implementation throughout
dilihat dalam tabel berikut.                                    2024 can be seen in the below table.


                Aspek/Prinsip/Rekomendasi                  Status                          Keterangan
 No.
            Aspects/Principles/Recommendations             Status                          Description

       Hubungan Perusahaan Terbuka dengan Pemegang Saham dalam Menjamin Hak-Hak Pemegang Saham
  I.
       Relationship of Public Company with Shareholders in Ensuring Shareholders’ Rights
       Meningkatkan Nilai Penyelenggaraan Rapat Umum Pemegang Saham (RUPS).
  1.
       Improving the Value of Implementation of General Meeting of Shareholders (GMS).

       a.    Perusahaan    Terbuka    memiliki cara       Terpenuhi    Tata cara pengumpulan suara diatur dalam
             atau   prosedur   teknis  pengumpulan                     Anggaran Dasar Perseroan. Pada RUPS Tahunan
             suara (voting), baik secara terbuka                       2024, mekanisme ini juga dicantumkan dalam Tata
             maupun tertutup yang mengedepankan                        Tertib RUPS yang tersedia di situs web Perseroan
             independensi dan kepentingan Pemegang                     pada laman Tata Kelola Perusahaan bagian RUPS.
             Saham.                                                    Perseroan juga telah menunjuk PT Datindo Entrycom
                                                                       sebagai Biro Administrasi Efek untuk melakukan
                                                                       penghitungan dan/atau validasi suara.
             The Public Company has a means or             Fulfilled   The procedures for collecting votes are outlined in
             technical procedure for both open and                     the Company’s Articles of Association. In Annual
             closed voting mechanisms that uphold the                  GMS 2024, this mechanism has also been included
             independence and interest of Shareholders.                in the Annual GMS Rules of Procedure available on
                                                                       Company’s website under Corporate Governance,
                                                                       GMS section. The Company has also appointed
                                                                       PT Datindo Entrycom as Share Registrar Bureau to
                                                                       carry out the vote counting and/or validation process.




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               Aspek/Prinsip/Rekomendasi                     Status                         Keterangan
No.
           Aspects/Principles/Recommendations                Status                         Description

      b.    Seluruh anggota Direksi dan anggota             Terpenuhi    RUPS Tahunan tanggal 25 April 2024 dihadiri oleh
            Dewan Komisaris Perusahaan Terbuka hadir                     seluruh anggota Dewan Komisaris dan anggota
            dalam RUPS Tahunan.                                          Direksi Perseroan, baik secara langsung atau virtual.
                                                                         Sementara itu, pelaksanaan RUPS Luar Biasa tanggal
                                                                         13 Desember 2023 dihadiri oleh Dewan Komisaris,
                                                                         Direktur Utama, dan 4 Direktur Perseroan.
            All members of the BOD and BOC of the            Fulfilled   The Annual General Meeting of Shareholders on
            Public Company attend the AGMS and                           25 April 2024 was attended by all the member
            EGMS.                                                        of Board of Commissioners and members of the
                                                                         Board of Directors of the Company, either in person
                                                                         or virtually. Meanwhile, the Extraordinary General
                                                                         Meeting of Shareholders on 13 December 2023
                                                                         was attended by the Board of Commissioners, the
                                                                         President Director, and 4 Directors of the Company.

      c.    Ringkasan risalah RUPS tersedia dalam situs     Terpenuhi    Ringkasan risalah RUPS Tahunan dan RUPS Luar
            web Perusahaan Terbuka paling sedikit                        Biasa 2024 dapat diakses di situs web Perseroan,
            selama 1 tahun.                                              laman Tata Kelola Perusahaan bagian RUPS.
            Summary of GMS Minutes is available on the       Fulfilled   The summary of minutes of the 2024 Annual GMS
            Public Company’s Website for at least 1 year.                and Extraordinary GMS can be accessed via the
                                                                         Company’s website, under Corporate Governance,
                                                                         GMS section.

      Meningkatkan Kualitas Komunikasi Perusahaan terbuka dengan Pemegang Saham atau Investor.
2.
      Increasing the Quality of Communications between Public Company and Shareholders/Investors.

      a.    Perusahaan   Terbuka   memiliki suatu           Terpenuhi    Kebijakan komunikasi dengan Pemegang Saham
            kebijakan komunikasi dengan Pemegang                         dan investor diatur dalam Pedoman Komunikasi
            Saham atau Investor.                                         Pemegang Saham dan Investor Perseroan.
                                                                         Perseroan juga menyediakan akses bagi Pemegang
                                                                         Saham dan Investor untuk menyampaikan
                                                                         pertanyaan, keluhan, atau saran melalui situs web
                                                                         resmi, www.teladanprima.com.
            The    Public    Company     discloses its       Fulfilled   The communications policy with Shareholders and
            communications policy to the shareholders                    investors is regulated in the Company’s Shareholder
            or Investors on the website.                                 and Investor Communication Policy. Additionally,
                                                                         the Company has provided access for Shareholders
                                                                         and Investors to submit questions, complaints,
                                                                         or suggestions, through the official website,
                                                                         www.teladanprima.com.

      b.    Perusahaan    Terbuka   mengungkapkan           Terpenuhi    Pedoman Komunikasi Pemegang Saham dan
            kebijakan komunikasi perusahaan terbuka                      Investor tersedia di situs web Perseroan pada laman
            dengan Pemegang Saham atau Investor                          Tata Kelola Perusahaan bagian Kebijakan dan
            dalam situs web.                                             Sistem Tata Kelola. Situs web juga mencantumkan
                                                                         email khusus untuk komunikasi dengan Pemegang
                                                                         Saham atau Investor.
            The    Public    Company     discloses its       Fulfilled   The Shareholder and Investor Communication
            communications policy to the shareholders                    Policy is available on the Company’s website
            or Investors on the website.                                 under Corporate Governance, Governance Policies
                                                                         and Systems section. The website also includes
                                                                         dedicated email to communicate with Shareholders
                                                                         or Investors.

      Fungsi dan Peran Dewan Komisaris
II.
      Functions and Roles of the Board of Commissioners (BOC)
      Memperkuat Keanggotaan dan Komposisi Dewan Komisaris.
3.
      Strengthening the Membership and Composition of the BOC.

      a.    Penentuan jumlah anggota Dewan Komisaris        Terpenuhi    Penentuan jumlah anggota Dewan Komisaris
            mempertimbangkan kondisi Perusahaan                          mempertimbangkan kondisi terkini Perseroan
            Terbuka.                                                     serta diatur dalam Anggaran Dasar dan Pedoman
                                                                         Tata Laksana Kerja Dewan Komisaris dan Direksi
                                                                         (Board Manual).
            Determination of the number of members           Fulfilled   Determination of the number of members of the
            of the BOC takes into consideration the                      BOC takes into consideration the conditions of
            conditions of the Public Company.                            the Company and is outlined in the Articles of
                                                                         Association and the Board of Commissioners and
                                                                         Board of Directors’ Manual.




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               Aspek/Prinsip/Rekomendasi                       Status                         Keterangan
No.
           Aspects/Principles/Recommendations                  Status                         Description

      b.    Penentuan     komposisi       anggota             Terpenuhi    Dewan Komisaris terdiri dari individu-individu yang
            Dewan     Komisaris     memperhatikan                          memiliki keahlian, pengetahuan, dan pengalaman
            keberagaman keahlian, pengetahuan, dan                         yang relevan dengan kebutuhan Perseroan. Hal
            pengalaman yang dibutuhkan.                                    ini diatur dalam Anggaran Dasar, Pedoman Tata
                                                                           Laksana Kerja Dewan Komisaris dan Direksi (Board
                                                                           Manual), serta peraturan terkait lainnya.
            Determination of BOC composition takes into        Fulfilled   The Board of Commissioners consists of individuals
            consideration its diversity in terms of skills,                possess the expertise, knowledge, and experience
            knowledge, and experience requirement.                         relevant to Company needs. This is stipulated in the
                                                                           Articles of Association, the Board of Commissioners
                                                                           and Board of Directors’ Manual, and other
                                                                           relevant regulations.

      Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Dewan Komisaris.
4.
      Improving the Quality of Implementation of Duties and Responsibilities of the BOC.

      a.    Dewan Komisaris mempunyai kebijakan               Terpenuhi    Penilaian kinerja Dewan Komisaris dilakukan melalui
            penilaian sendiri (self-assessment) untuk                      metode self-assessment, sesuai dengan ketentuan
            menilai kinerja Dewan Komisaris.                               yang tercantum dalam Pedoman Tata Laksana
                                                                           Kerja Dewan Komisaris dan Direksi (Board Manual).
                                                                           Hasil penilaian ini juga telah dilaporkan kepada
                                                                           Pemegang Saham dalam RUPS.
            The BOC has its self-assessment policy to          Fulfilled   The performance assessment of Board of
            evaluate its own performance.                                  Commissioners is conducted through self-
                                                                           assessment method, as reflected in the Board of
                                                                           Commissioners and Board of Directors’ Manual. This
                                                                           assessment results has also been reported to the
                                                                           Shareholders during the GMS.

      b.    Kebijakan      penilaian   sendiri    (self-      Terpenuhi    Penilaian kinerja Dewan Komisaris telah diungkapkan
            assessment)      untuk   menilai     kinerja                   dalam Laporan Tahunan ini.
            Dewan Komisaris, diungkapkan melalui
            Laporan Tahunan Perusahaan Terbuka.
            Self-assessment policy to evaluate the BOC         Fulfilled   Assessment of the performance of the Board of
            performance is disclosed in the annual                         Commissioners has been disclosed in this Annual
            report of the Public Company.                                  Report.

      c.    Dewan Komisaris mempunyai kebijakan               Terpenuhi    Kebijakan terkait pengunduran diri anggota
            terkait  pengunduran    diri   anggota                         Dewan Komisaris, termasuk apabila terlibat dalam
            Dewan Komisaris apabila terlibat dalam                         kejahatan keuangan, tercantum dalam Pedoman
            kejahatan keuangan.                                            Tata Laksana Kerja Dewan Komisaris dan Direksi
                                                                           (Board Manual). Selain itu, perihal pengunduran diri
                                                                           dan pergantian juga telah diatur pada Anggaran
                                                                           Dasar Perseroan yang mengacu serta senantiasa
                                                                           berlandaskan      pada     peraturan    perundang-
                                                                           undangan yang berlaku.
            BOC has a policy regarding the resignation         Fulfilled   Policies related to the resignation of members of
            of BOC members should they be involved in                      the Board of Commissioners, including if involved
            a financial crime.                                             in financial crimes, is stated in the Board of
                                                                           Commissioners and Board of Directors’ Manual.
                                                                           Additionally, matters related to resignation and
                                                                           replacement are also governed by the Company’s
                                                                           Articles of Association, which always adhere to and
                                                                           are based on applicable regulations.

      d.    Dewan Komisaris atau komite yang                  Terpenuhi    Komite Nominasi dan Remunerasi, sebagaimana
            menjalankan    fungsi   Nominasi     dan                       dicantumkan pada Pedoman Komite Nominasi
            Remunerasi menyusun kebijakan suksesi                          dan Remunerasi, telah menyusun kebijakan suksesi
            dalam proses nominasi anggota Direksi.                         dalam proses nominasi anggota Dewan Komisaris
                                                                           dan Direksi.
            BOC or the committee carrying out the              Fulfilled   The Nomination and Remuneration Committee,
            Nomination and Remuneration function                           as stated in the Nomination and Remuneration
            prepares the succession policy in the Board                    Committee Charter, has developed a succession
            of Directors nomination process.                               policy in the nomination process for members of the
                                                                           Board of Commissioners and Board of Directors.




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                Aspek/Prinsip/Rekomendasi                       Status                          Keterangan
No.
            Aspects/Principles/Recommendations                  Status                          Description

       Fungsi dan Peran Direksi
III.
       Functions and Roles of the Board of Directors (BOD)
       Memperkuat Keanggotaan dan Komposisi Direksi.
5.
       Strengthening the Membership and Composition of the BOD.

       a.    Penentuan   jumlah    anggota  Direksi            Terpenuhi    Penentuan        jumlah     anggota       Direksi
             mempertimbangkan kondisi Perusahaan                            mempertimbangkan kondisi terkini Perseroan serta
             Terbuka,   serta   efektivitas dalam                           diatur dalam Anggaran Dasar dan Pedoman Tata
             pengambilan keputusan.                                         Laksana Kerja Dewan Komisaris dan Direksi (Board
                                                                            Manual).
             Determination of BOD composition takes             Fulfilled   Determination of the number of members of the
             into consideration the Public Company’s                        BOD takes into consideration the conditions of
             conditions and efficacy in decision making.                    the Company and is outlined in the Articles of
                                                                            Association and the Board of Commissioners and
                                                                            Board of Directors’ Manual.

       b.    Penentuan komposisi anggota Direksi               Terpenuhi    Direksi terdiri dari individu-individu yang memiliki
             memperhatikan, keberagaman keahlian,                           keahlian, pengetahuan, dan pengalaman yang
             pengetahuan, dan pengalaman yang                               relevan dengan kebutuhan Perseroan. Hal ini diatur
             dibutuhkan.                                                    dalam Anggaran Dasar, Pedoman Tata Laksana
                                                                            Kerja Dewan Komisaris dan Direksi (Board Manual),
                                                                            serta peraturan terkait lainnya.
             Determination of BOD composition takes into        Fulfilled   The Board of Directors consists of individuals possess
             consideration its diversity in terms of skills,                the expertise, knowledge, and experience relevant to
             knowledge and experience requirement.                          Company needs. This is stipulated in the Articles of
                                                                            Association, the Board of Commissioners and Board
                                                                            of Directors’ Manual, and other relevant regulations.

       c.    Anggota    Direksi   yang    membawahi            Terpenuhi    Direktur yang bertanggung jawab atas bidang
             bidang akuntansi atau keuangan memiliki                        keuangan memiliki latar belakang pendidikan dan
             keahlian dan/atau pengetahuan di bidang                        pengalaman di bidang akuntansi.
             akuntansi.
             Member of the BOD in charge of accounting          Fulfilled   The Director of Finance has an educational
             or finance has an expertise and/or                             background and experience in accounting.
             knowledge in accounting.


       Meningkatkan Kualitas Pelaksanaan Tugas dan Tanggung Jawab Direksi.
6.
       Improving the Quality of Implementation of BOD Duties and Responsibilities.

       a.    Direksi mempunyai kebijakan penilaian             Terpenuhi    Penilaian kinerja Direksi dilakukan secara mandiri
             sendiri (self-assessment) untuk menilai                        (self-assessment) dengan menggunakan metode
             kinerja Direksi.                                               KPI.
             BOD has a self-assessment policy to                Fulfilled   Performance assessment of Board of Directors is
             evaluate its own performance.                                  carried out independently (self-assessment), using
                                                                            KPI method.

       b.    Kebijakan      penilaian   sendiri   (self-       Terpenuhi    Penilaian kinerja Direksi telah diungkapkan dalam
             assessment) untuk menilai kinerja Direksi                      Laporan Tahunan ini.
             diungkapkan melalui Laporan Tahunan
             Perusahaan Terbuka.
             Self-assessment policy to evaluate the BOD         Fulfilled   Assessment of the performance of the Board of
             performance is disclosed in the annual                         Directors has been disclosed in this Annual Report.
             report of the Public Company.




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               Aspek/Prinsip/Rekomendasi                     Status                          Keterangan
No.
           Aspects/Principles/Recommendations                Status                          Description

      c.    Direksi   mempunyai     kebijakan  terkait      Terpenuhi    Kebijakan terkait pengunduran diri anggota
            pengunduran diri anggota Direksi apabila                     Direksi, termasuk apabila terlibat dalam kejahatan
            terlibat dalam kejahatan keuangan.                           keuangan tercantum dalam Pedoman Tata Laksana
                                                                         Kerja Dewan Komisaris dan Direksi (Board Manual).
                                                                         Selain itu, perihal pengunduran diri dan pergantian
                                                                         juga telah diatur pada Anggaran Dasar Perseroan
                                                                         yang mengacu serta senantiasa berlandaskan pada
                                                                         peraturan perundang-undangan yang berlaku.
            BOD has a policy regarding the resignation       Fulfilled   Policies related to the resignation of members of the
            of BOD members should they be involved in                    Board of Directors, including if involved in financial
            a financial crime.                                           crimes, is stated in the Board of Commissioners and
                                                                         Board of Directors’ Manual. Additionally, matters
                                                                         related to resignation and replacement are also
                                                                         governed by the Company’s Articles of Association,
                                                                         which always adhere to and are based on applicable
                                                                         regulations.

      Partisipasi Pemangku Kepentingan
IV.
      Stakeholders’ Participation
      Meningkatkan Aspek Tata Kelola Perusahaan melalui Partisipasi Pemangku Kepentingan.
7.
      Improving Corporate Governance Aspect via Stakeholders’ Participation

      a.    Perusahaan Terbuka memiliki kebijakan           Terpenuhi    Kebijakan ini tercantum pada Pedoman Insider
            untuk mencegah terjadinya insider trading.                   Trading, Pedoman Etika dan Perilaku, serta Pedoman
                                                                         Kebijakan Anti-Korupsi dan Anti-Penyuapan. Ketiga
                                                                         dokumen tersebut telah dipublikasikan di situs web
                                                                         Perseroan pada laman Tata Kelola Perusahaan
                                                                         bagian Kebijakan dan Sistem Tata Kelola.
            The Public Company has a policy to prevent       Fulfilled   This policy has been stated in Insider Trading
            the occurrence of insider trading.                           Policy, Code of Ethics and Conduct Policy, and
                                                                         Anti-Corruption and Anti-Bribery Policy. All three
                                                                         documents have been published in the Company’
                                                                         website, under the Corporate Governance,
                                                                         Governance Policy and System section.

      b.    Perusahaan Terbuka memiliki kebijakan           Terpenuhi    Perseroan telah memiliki Pedoman Anti-Korupsi dan
            anti-korupsi dan anti-fraud.                                 Anti-Penyuapan yang mengatur kebijakan tersebut
                                                                         dan telah diungkapkan pada situs web Perseroan
                                                                         laman Tata Kelola Perusahaan bagian Kebijakan
                                                                         dan Sistem Tata Kelola.
            The Public Company has a policy on               Fulfilled   The Company has Anti-Corruption and Anti-Bribery
            anti-corruption and anti-fraud.                              Policy, which govern this policy and have been
                                                                         disclosed on the Company’s website under the
                                                                         Corporate Governance, Governance Policy and
                                                                         System section.

      c.    Perusahaan Terbuka memiliki kebijakan           Terpenuhi    Perseroan telah memiliki Pedoman Seleksi dan
            tentang   seleksi dan    peningkatan                         Peningkatan Kemampuan Pemasok dan Vendor
            kemampuan pemasok atau vendor.                               yang mengatur kebijakan tersebut dan telah
                                                                         diungkapkan pada situs web Perseroan laman Tata
                                                                         Kelola Perusahaan bagian Kebijakan dan Sistem
                                                                         Tata Kelola.
            The Public Company has a policy on vendor/       Fulfilled   The Company has Supplier and Vendor Selection and
            supplier selection and enhancement of skills.                Capability Improvement Policy, which govern this
                                                                         policy and have been disclosed on the Company’s
                                                                         website    under  the   Corporate     Governance,
                                                                         Governance Policy and System section.

      d.    Perusahaan Terbuka memiliki kebijakan           Terpenuhi    Perseroan telah memiliki Pedoman Pemenuhan
            tentang pemenuhan hak-hak kreditur.                          Hak-Hak Kreditur yang mengatur kebijakan tersebut
                                                                         dan telah diungkapkan pada situs web Perseroan
                                                                         laman Tata Kelola Perusahaan bagian Kebijakan
                                                                         dan Sistem Tata Kelola.
            The Public Company has a policy on fulfilling    Fulfilled   The Company has Creditor Rights Compliance Policy,
            creditors’ rights.                                           which govern this policy and have been disclosed
                                                                         on the Company’s website under the Corporate
                                                                         Governance, Governance Policy and System section.




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               Aspek/Prinsip/Rekomendasi                     Status                         Keterangan
No.
           Aspects/Principles/Recommendations                Status                         Description

      e.    Perusahaan Terbuka memiliki kebijakan           Terpenuhi    Perseroan telah memiliki Pedoman Sistem Pelaporan
            sistem whistleblowing.                                       Dugaan Pelanggaran yang mengatur kebijakan
                                                                         tersebut dan telah diungkapkan pada situs web
                                                                         Perseroan laman Tata Kelola Perusahaan bagian
                                                                         Kebijakan dan Sistem Tata Kelola.
            The Public Company        has   policies   of    Fulfilled   The Company has Whistleblowing System Policy,
            whistleblowing system.                                       which govern this policy and have been disclosed
                                                                         on the Company’s website under the Corporate
                                                                         Governance, Governance Policy and System section.

      f.    Perusahaan Terbuka memiliki kebijakan           Terpenuhi    Perseroan telah memiliki kebijakan insentif jangka
            pemberian insentif jangka panjang kepada                     panjang kepada Direksi dan karyawan, antara lain
            Direksi dan karyawan.                                        berupa program pensiun yang dapat diterima
                                                                         ketika karyawan menyelesaikan masa tugasnya
                                                                         pada usia 56 tahun. Program tersebut berupa BPJS
                                                                         Ketenagakerjaan yang meliputi Jaminan Hari Tua
                                                                         (JHT) dan Jaminan Pensiun (JP).
            The Publicly Listed Company has a policy on      Fulfilled   The Company has established a long-term incentive
            long term incentive provision to the Board of                policy for both the Board of Directors and employees,
            Directors and employees.                                     including a retirement program that becomes
                                                                         available when employees complete their service at
                                                                         the age of 56. This program is administered through
                                                                         Employment BPJS which includes Old Age Benefits
                                                                         (JHT) and Pension Benefits (JP).

      Keterbukaan Informasi
V.
      Information Disclosure
      Meningkatkan Pelaksanaan Keterbukaan Informasi.
8.
      Enhancing Information Disclosure Implementation.

      a.    Perusahaan      Terbuka     memanfaatkan        Terpenuhi    Berbagai platform media sosial, seperti Youtube,
            penggunaan teknologi informasi secara                        Instagram, dan LinkedIn dimanfaatkan dengan
            lebih luas selain situs web sebagai media                    baik oleh Perseroan sebagai sarana penyampaian
            keterbukaan informasi.                                       informasi bagi para pemangku kepentingan.
            The Public Company utilizes information          Fulfilled   Various social media platforms, such as Youtube,
            technology more broadly than the website                     Instagram, and LinkedIn are well utilized by the
            as a means to disclose information.                          Company as a means of conveying information to
                                                                         stakeholders.


      b.    Laporan Tahunan Perusahaan Terbuka              Terpenuhi    Informasi terkait pemilik manfaat terakhir Perseroan
            mengungkapkan pemilik manfaat akhir                          diungkapkan pada bagian Pemegang Saham
            dalam kepemilikan saham perusahaan                           Utama dan Pengendali Bab Profil Perusahaan dalam
            terbuka     paling    sedikit  5%,   selain                  Laporan Tahunan ini.
            pengungkapan pemilik manfaat akhir
            dalam kepemilikan saham perusahaan
            terbuka melalui Pemegang Saham Utama
            dan Pengendali.
            Annual Report of the Publicly Listed             Fulfilled   Information regarding the ultimate beneficial
            Company discloses the ultimate beneficiary                   owner of the Company is disclosed in the Major and
            of its shares of at least 5% and discloses                   Controlling Shareholders section of the Company
            ultimate beneficiary of shares ownership of                  Profile chapter in this Annual Report.
            the publicly listed company via major and
            controlling shareholders.




                                                                                PT Teladan Prima Agro Tbk              235
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Circular Economy and Climate Impact
Laporan Tahunan 2024 / 2024 Annual Report




TANGGUNG
JAWAB
SOSIAL DAN
LINGKUNGAN
PERUSAHAAN
      Corporate Social
      and Environmental
      Responsibility




236      PT Teladan Prima Agro Tbk
Page 239
PT Teladan Prima Agro Tbk   237
Page 240
 Circular Economy and Climate Impact
 Laporan Tahunan 2024 / 2024 Annual Report




IKHTISAR KINERJA KEBERLANJUTAN
 Sustainability Performance Highlights


Good Governance


           Produk Ramah Lingkungan: Sertifikasi ISPO dan PROPER
           Environmentally-Friendly Products: ISPO Certifications and PROPER




          Kabupaten Berau
           Berau Regency


                         PT Tanjung Buyu
                         Perkasa Plantation



       PT Inti Energi Kaltim




                                                                                                     Samarinda
       Kabupaten Kutai Timur
         East Kutai Regency                                                                          Balikpapan




       PT Sawit Prima Nusantara                                                Provinsi Kalimantan Timur [C.3.d]
                                                                                East Kalimantan Province [C.3.d]


                         PT Telen



       PT Gemilang Sejahtera Abadi



                         PT Telen
                         Prima Sawit




           Kabupaten Paser
            Paser Regency


                         PT Multi
                         Jayantara Abadi




  Kabupaten Kutai Kartanegara
   Kutai Kartanegara Regency


                         PT Cahaya
                         Anugerah Plantation




 238         PT Teladan Prima Agro Tbk
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                      Tanggung Jawab Sosial dan Lingkungan Perusahaan / Corporate Social and Environmental Responsibility




Agro-Ecological

                                               Satuan
                 Uraian                                     2024        2023*       2022*             Description
                                                Unit

    Konsumsi Air                               megaliter     1.782        1.814      1.809             Water Consumption

                                           m /ton TBS
                                                3
    Intensitas Penggunaan Air                                  1,15        1,16       1,03           Water Usage Intensity
                                          m3/ton of FFB

    Produksi Limbah                                 ton    600.477     608.163     536.433                Waste Generated

    Energi yang Dikonsumsi                          GJ     448.185     442.256      381.611              Energy Consumed

    Rasio Penggunaan
                                                    %           26          27          27     Renewable Energy Use Ratio
    Energi Terbarukan

                                         GJ/ton TBS Olah
    Intensitas Energi                        GJ/ton          0,324       0,314       0,284                  Energy Intensity
                                          Processed FFB

    Total Emisi GRK*                           ton CO2e    341.149     504.209     448.304            Total GHG Emissions*

    Intensitas Emisi CPO*                CO2eq/ton CPO        1,05         1,54       1,49          CPO Emissions Intensity

    Entitas Anak                           Entitas Anak
                                                                   8         8           8       ISPO-Certified Subsidiaries
    Tersertifikasi ISPO                    Subsidiaries

                                          miliar Rupiah                                            Environmental Activities
    Biaya Kegiatan Lingkungan                                 5,22        4,76        5,95
                                          billion Rupiah                                                    Expenditures

    Area HCV                                        ha      4.669        4.559      4.559*                        HCV Area
*
    Data disajikan kembali. / Restated Data.




Socio-Territorial

                                               Satuan
                Uraian                                      2024        2023*       2022*             Description
                                                Unit

    Ketenagakerjaan                                                                                          Employment

                                             orang
    Total Karyawan                                           11.210      11.359     10.952                 Total Employees
                                           personnel

                                                 jam
    Jam Kerja Aman                                         891.815     746.841     818.809              Safe Working Hours
                                                hours

    Durasi Pelatihan                      jam/orang                                                       Training Duration
                                                               5,4         5,2         3,4
    per Karyawan                         hours/person                                                         per Employee

    Pemasok TBS                                                                                              FFB Suppliers

                                          unit usaha
    Total Pemasok TBS Luar                                      37          30          29      Total External FFB Suppliers
                                         business units

                                             orang
    Total Petani Plasma                                     7.454        7.454       7.504           Total Plasma Farmers
                                           individuals

    Pengembangan Masyarakat                                                                    Community Development

    Penyaluran Dana                       juta Rupiah                                                  Social Responsibility
                                                            2.497        4.536       3.623
    Tanggung Jawab Sosial                million Rupiah                                                 Fund Disbursement
*
    Data disajikan kembali. / Restated Data.




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     Circular Economy and Climate Impact
     Laporan Tahunan 2024 / 2024 Annual Report




Economic Viability

                                               Satuan
                 Uraian                                        2024          2023              2022               Description
                                                Unit

    Produksi                                                                                                                 Production

    Tandan Buah Segar (TBS)                     ton           1.219.294     1.213.068         1.201.230       Fresh Fruit Bunches (FFB)

    TBS Olah                                    ton           1.381.677    1.409.552          1.343.526                   Processed FFB

    Minyak Sawit Mentah                         ton           324.857       327.688           300.504                     Crude Palm Oil

    Inti Sawit                                  ton             50.787        52.207            49.903                       Palm Kernel

    Crude Palm Kernel Oil
                                                ton              5.262            -*                -*    Crude Palm Kernel Oil (CPKO)
    (CPKO)

    Palm Kernel Expeller (PKE)                  ton              6.862            -*                -*       Palm Kernel Expeller (PKE)

    Penjualan                                                                                                                       Sales

    Minyak Sawit Mentah                         ton            314.457      343.748            292.545                    Crude Palm Oil

    Inti Sawit                                  ton             40.102        55.172            47.752                       Palm Kernel

    Crude Palm Kernel Oil
                                                ton              4.619            -*                -*    Crude Palm Kernel Oil (CPKO)
    (CPKO)

    Palm Kernel Expeller (PKE)                  ton              4.588            -*                -*       Palm Kernel Expeller (PKE)

    Kinerja Keuangan                                                                                          Financial Performance

                                          juta Rupiah
    Pendapatan                                                4.211.482    4.007.082          3.613.177                          Revenue
                                         million Rupiah

                                          juta Rupiah
    Laba Tahun Berjalan                                       825.594        451.794           573.979                 Profit for the Year
                                         million Rupiah

* Perseroan baru memproduksi dan menjual produk CPKO dan PKE sejak tahun 2024 seiring dengan mulai beroperasinya KCP. / The Company
  began producing and selling CPKO and PKE products in 2024, in line with the commencement of operations at the Kernel Crushing Plant (KCP).



Penyaluran Dana Tanggung Jawab Sosial
Distribution of Social Responsibility Fund

                   Uraian                          2024           2023*             2022*                      Description

    Bidang Ekonomi                                      36          222              1.031                                      Economy

    Bidang Pendidikan                                 1.138        1.214                696                                    Education

    Bidang Kesehatan                                    37            71                128                                        Health

    Bidang Infrastruktur                              487          1.955                897                                Infrastructure

    Bidang Sosial, Budaya,
                                                       382          455                 349                 Socio-Culture and Religion
    dan Keagamaan

    Bidang Lingkungan Hidup                              4            54                  3                                 Environment

    Bidang Hubungan Kelembagaan                        413          564                 519                       Institutional Relations

    Total Penyaluran Dana                                                                                   Total Social Responsibility
                                                   2.497          4.535             3.623
    Tanggung Jawab Sosial                                                                                          FundDisbursement
*
    Data disajikan kembali. / Restated Data.




     240         PT Teladan Prima Agro Tbk
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              Tanggung Jawab Sosial dan Lingkungan Perusahaan / Corporate Social and Environmental Responsibility




KOMITMEN KEBERLANJUTAN
  Sustainability Commitment


Perseroan berkomitmen untuk menjalankan aktivitas          The Company is committed to running its business
bisnis yang tidak hanya memenuhi kebutuhan                 activities in a way that not only meets current
saat ini tetapi juga mempertimbangkan dampak               needs but also considers long-term impacts on
jangka panjang terhadap lingkungan, masyarakat,            the environment, society, and the economy. This
dan ekonomi. Komitmen ini diwujudkan melalui               commitment is shown through the development of
pengembangan Kebijakan Sawit Lestari (KSL), yang           the Sustainable Palm Oil Policy (KSL), which serves
menjadi acuan bagi Perseroan dan Entitas Anak              as a guide for the Company and its Subsidiaries in
dalam melaksanakan operasional perkebunan                  carrying out palm oil plantation operations effectively
kelapa sawit secara efektif dan berkelanjutan,             and sustainably, supported by the use of the
dengan didukung oleh penggunaan teknologi terkini.         latest technology.

KSL yang disusun oleh Perseroan menjelaskan                The KSL developed by the Company outlines
tentang 4 pilar keberlanjutan sebagai berikut.             the 4 pillars of sustainability as follows.
1. Good Governance                                         1. Good Governance
   Landasan pembentuk perilaku, tindakan, dan                 Demonstrating the foundation that shapes
   tata kelola Perseroan dalam menjalankan segala             the behavior, actions, and governance of
   bentuk aktivitas bisnis yang relevan.                      the Company in carrying out all relevant
                                                              business activities.
2. Agro-Ecological                                         2. Agro-Ecological
   Bentuk tanggung jawab Perseroan dalam                      Demonstrating the form of the Company’s
   melakukan pengelolaan dan pengawasan                       responsibility in managing and overseeing the
   terhadap keseluruhan proses kerja budidaya                 entire process of plant cultivation, production,
   tanaman, produksi, dan pengolahan hasil                    and processing of palm oil plantation products,
   perkebunan kelapa sawit yang diintegrasikan                integrated with natural resources and the
   dengan sumber daya alam dan lingkungan                     surrounding environment.
   hidup sekitar.
3. Socio-Territorial                                       3. Socio-Territorial
   Upaya perlindungan dan penciptaan nilai sosial             Demonstrating efforts towards protecting and
   bagi seluruh pemangku kepentingan.                         creating social value for all stakeholders.
4. Economic Viability                                      4. Economic Viability
   Kemampuan dan kapasitas Perseroan dalam                    Demonstrating the Company’s ability and
   menciptakan nilai ekonomi yang wajar serta                 capacity to create economic value that is both
   berkelanjutan.                                             reasonable and sustainable.




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  Laporan Tahunan 2024 / 2024 Annual Report




Perseroan juga secara konsisten memastikan bahwa         The Company also consistently ensures that all
seluruh aktivitas operasional senantiasa mematuhi        operational activities consistently comply with
aturan yang berlaku, termasuk mengawasi                  applicable regulations, including overseeing the
penerapan prinsip-prinsip Indonesia Sustainable          implementation of the Indonesia Sustainable Palm
Palm Oil (ISPO) serta kebijakan lingkungan terkait       Oil (ISPO) principles and other related environmental
lainnya. Sejalan dengan komitmen terhadap                policies. In line with its commitment to the circular
ekonomi sirkular, Perseroan memanfaatkan limbah          economy, the Company utilizes palm oil plantation
perkebunan kelapa sawit, seperti cangkang dan            waste, such as shells and fiber, to produce renewable
fiber, untuk menghasilkan energi terbarukan berupa       energy in the form of biomass, which supports the
biomassa, yang digunakan dalam mendukung                 operations of the palm oil mills. Additionally, initiatives
operasional pabrik kelapa sawit. Selain itu, inisiatif   to reduce emissions continue to be strengthened
untuk mengurangi dampak emisi terus diperkuat            through the use of green energy from the biogas
melalui penggunaan energi hijau dari biogas power        power plant (BPP), which utilizes palm oil mill effluent
plant (BPP), yang memanfaatkan palm oil mill             (POME) to generate electricity, thus helping to lower
effluent (POME) untuk menghasilkan listrik, sehingga     carbon emissions in the operations of its subsidiaries.
membantu menurunkan emisi karbon di area
operasional Entitas Anak.

Perseroan tak hanya fokus pada aspek lingkungan,         The Company not only focuses on environmental
tetapi juga mengoptimalkan aspek sosial dengan           aspects but also optimizes social aspects
memperhatikan hak dan kewajiban karyawan                 by upholding the rights and obligations of employees
melalui kegiatan pengembangan kompetensi                 through     ongoing     competency       development
berkelanjutan, kebijakan remunerasi yang adil, serta     activities, fair remuneration policies, and the
penyediaan sarana dan prasarana yang memadai.            provision of adequate facilities and infrastructure.
Selain itu, Perseroan berkomitmen untuk menyerap         Furthermore, the Company is committed to
tenaga kerja lokal dan menjaga hubungan baik             employing local labor and maintaining good
dengan berbagai pemasok lokal, terutama petani           relationships with various local suppliers, particularly
sawit dan penyedia jasa angkutan. Dengan                 palm oil farmers and transport service providers.
komitmen tinggi terhadap prinsip keberlanjutan,          With a strong commitment to sustainability
Perseroan menyelaraskan tujuannya dengan                 principles, the Company aligns its objectives with
Kebijakan Sawit Lestari, yang menjadi dasar              the Sustainable Palm Oil Policy, which serves as the
keberlanjutan      Perseroan,  serta   mendukung         foundation of the Company’s sustainability efforts
pembangunan berkelanjutan yang ditargetkan oleh          while supporting the government’s sustainable
pemerintah.                                              development goals.




       Uraian lengkap terkait kebijakan dan program tanggung jawab sosial dan lingkungan (TJSL)
                       diungkapkan secara terpisah pada Laporan Keberlanjutan.
      A more detailed description of social and environmental responsibility policies and programs is
                             disclosed separately in the Sustainability Report.




  242      PT Teladan Prima Agro Tbk
Page 245
TANGGUNG JAWAB LAPORAN TAHUNAN
  Annual Report Responsibility


         Pernyataan Anggota Dewan Komisaris dan Anggota Direksi Tentang
       Tanggung Jawab Atas Laporan Tahunan 2024 PT Teladan Prima Agro Tbk
   Statement of Members of the Board of Commissioners and the Board of Directors
     on the Responsibility for the 2024 Annual Report of PT Teladan Prima Agro Tbk


Kami, yang bertanda tangan di bawah ini, menyatakan     We, the undersigned, hereby declare that all
bahwa semua informasi dalam Laporan Tahunan             information in the Annual Report of PT Teladan Prima
PT Teladan Prima Agro Tbk tahun 2024 telah dimuat       Agro Tbk for year 2024 has been fully contained
secara lengkap dan bertanggung jawab penuh atas         and we shall be fully responsible to the correctness
kebenaran isi Laporan Tahunan Perseroan.                of contents in the Annual Report of the Company.

Demikian pernyataan ini dibuat dengan sebenarnya.       This statement is hereby made in all truthfulness.


                                           Jakarta, Maret 2025
                                           Jakarta, March 2025


                                           Dewan Komisaris
                                        Board of Commissioners




                Indracahya Basuki                                     Iwa Kartiwa Hudaya
                  Komisaris Utama                                      Komisaris Independen
               President Commissioner                               Independent Commissioner



                                               Direksi
                                          Board of Directors




           Noor Falich                     Wishnu Wardhana                       Imam Syaifullah
              Direktur                        Direktur Utama                           Direktur
              Director                       President Director                        Director




    Yayan Handian Ginanjar                     Mahirudin                       Santos Ibrahim Noor
              Direktur                           Direktur                              Direktur
              Director                           Director                              Director




                                                                    PT Teladan Prima Agro Tbk         243
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REFERENSI LAPORAN TAHUNAN
SEOJK NO. 16/SEOJK.04/2021
 Annual Report Reference SEOJK No. 16/SEOJK.04/2021


              Kriteria                                               Penjelasan                                   Halaman
              Criteria                                              Descriptions                                    Page

Ketentuan Umum / General Terms
Laporan Tahunan paling        sedikit   1. Ikhtisar data keuangan penting;
memuat informasi berikut                2. Informasi saham (jika ada);
                                        3. Laporan Direksi;
                                        4. Laporan Dewan Komisaris;
                                        5. Profil perusahaan;
                                        6. Analisis dan pembahasan manajemen;
                                        7. Tata kelola perusahaan;
                                        8. Tanggung jawab sosial dan lingkungan perusahaan;
                                        9. Laporan Keuangan tahunan yang telah diaudit; dan
                                        10. Surat pernyataan anggota Dewan Komisaris dan anggota Direksi
                                            tentang tanggung jawab atas Laporan Tahunan.
Annual Report should contain at least   1. Summary of key financial information;
the following information               2. Stock information (if any);
                                        3. The Board of Directors report;
                                        4. The Board of Commissioners report;
                                        5. Company Profile;
                                        6. Management discussion and analysis;
                                        7. Corporate governance;
                                        8. Corporate social and environmental responsibility;
                                        9. Audited annual financial statements; and
                                        10. Statement of the members of Board of Commissioners and the
                                            members of the Board of Directors on the responsibility for the
                                            Annual Report.

Bentuk Laporan Tahunan                  1. Laporan Tahunan disajikan dalam bentuk dokumen cetak dan
                                           dokumen elektronik;
                                        2. Laporan Tahunan yang disajikan dalam bentuk dokumen cetak,
                                           dicetak pada kertas yang berwarna terang, berkualitas baik,
                                           berukuran A4, dijilid, dan dapat diperbanyak dengan kualitas yang
                                           baik;
                                        3. Laporan Tahunan dapat menyajikan informasi berupa gambar,
                                           grafik, tabel, dan/atau diagram dengan mencantumkan judul
                                           dan/atau keterangan yang jelas, sehingga mudah dibaca dan
                                           dipahami; dan
                                        4. Laporan Tahunan yang disajikan dalam bentuk dokumen elektronik
                                           merupakan Laporan Tahunan yang dikonversi dalam portable
                                           document format (PDF).
Form of Annual Report                   1. The Annual Report is presented in the form of printed and electronic
                                           documents;
                                        2. The Annual Report is presented in printed form, printed on bright
                                           colored paper, of good quality, A4 size, bound, and can be
                                           reproduced with good quality;
                                        3. The Annual Report can present information in the form of pictures,
                                           graphs, tables, and/or diagrams by including clear titles and/or
                                           descriptions, so that they are easy to read and understand; and
                                        4. The Annual Report presented in electronic document form is the
                                           Annual Report converted in portable document format (PDF).




 244       PT Teladan Prima Agro Tbk
Page 247
              Kriteria                                               Penjelasan                                     Halaman
              Criteria                                              Descriptions                                      Page

Ikhtisar Data Keuangan Penting / Summary of Key Financial Information
Ikhtisar data keuangan penting         Informasi memuat, antara lain:                                                13-14
memuat        informasi    keuangan    1. Pendapatan/penjualan;
yang     disajikan   dalam    bentuk   2. Laba bruto;
perbandingan selama 3 tahun buku       3. Laba (rugi);
atau sejak memulai usahanya jika       4. Jumlah laba (rugi) yang dapat diatribusikan kepada pemilik
perusahaan tersebut menjalankan            entitas induk dan kepentingan non pengendali;
kegiatan usahanya kurang dari          5. Total laba (rugi) komprehensif;
3 tahun                                6. Jumlah laba (rugi) komprehensif yang dapat diatribusikan kepada
                                           pemilik entitas induk dan kepentingan non pengendali;
                                       7. Laba (rugi) per saham;
                                       8. Jumlah aset;
                                       9. Jumlah liabilitas;
                                       10. Jumlah ekuitas;
                                       11. Rasio laba (rugi) terhadap jumlah aset;
                                       12. Rasio laba (rugi) terhadap ekuitas;
                                       13. Rasio laba (rugi) terhadap pendapatan/penjualan;
                                       14. Rasio lancar;
                                       15. Rasio liabilitas terhadap ekuitas;
                                       16. Rasio liabilitas terhadap jumlah aset; dan
                                       17. Informasi dan rasio keuangan lainnya yang relevan dengan
                                           perusahaan dan jenis industrinya.
Summary of Key Financial Information   The information shall at least contain:
contains      financial  information   1. Income/sales;
presented      in  comparison   with   2. Gross profit;
previous 3 fiscal years or since       3. Profit (loss);
commencement of business if the        4. Total profit (loss) attributable to equity holders of the parent entity
Company commenced the business             and non-controlling interest;
in less than 3 years ago               5. Total comprehensive profit (loss);
                                       6. Total comprehensive profit (loss) attributable to equity holders of
                                           the parent entity and non-controlling interest;
                                       7. Earnings (loss) per share;
                                       8. Total assets;
                                       9. Total liabilities;
                                       10. Total equity;
                                       11. Profit (loss) to total assets ratio;
                                       12. Profit (loss) to equity ratio;
                                       13. Profit (loss) to income/sales ratio;
                                       14. Current ratio;
                                       15. Liabilities to equity ratio;
                                       16. Liabilities to total assets ratio; and
                                       17. Other information and financial ratios relevant to the company
                                           and type of industry.




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             Kriteria                                                 Penjelasan                                     Halaman
             Criteria                                                Descriptions                                      Page

Informasi saham bagi Perusahaan         1. Saham yang telah diterbitkan untuk setiap masa triwulan yang               16-17
Terbuka                                    disajikan dalam bentuk perbandingan selama 2 tahun buku
                                           terakhir, paling sedikit memuat:
                                           a. Jumlah saham yang beredar;
                                           b. Kapitalisasi pasar berdasarkan harga pada bursa efek tempat
                                               saham dicatatkan;
                                           c. Harga saham tertinggi, terendah, dan penutupan berdasarkan
                                               harga pada bursa efek tempat saham dicatatkan; dan
                                           d. Volume perdagangan pada bursa efek tempat saham
                                               dicatatkan;
                                           Informasi dalam huruf a, b, dan c hanya diungkapkan jika
                                           sahamnya tercatat di bursa efek.
                                        2. Dalam hal terjadi aksi korporasi yang menyebabkan terjadinya
                                           perubahan pada saham, seperti pemecahan saham (stock split),
                                           penggabungan saham (reverse stock), dividen saham, saham
                                           bonus, perubahan nilai nominal saham, penerbitan efek konversi,
                                           serta penambahan dan pengurangan modal, informasi saham
                                           sebagaimana dimaksud pada angka 1 ditambahkan penjelasan
                                           paling sedikit mengenai:
                                           a. Tanggal pelaksanaan aksi korporasi;
                                           b. Rasio pemecahan saham (stock split), penggabungan saham
                                               (reverse stock), dividen saham, saham bonus, jumlah efek
                                               konversi yang diterbitkan, dan perubahan nilai nominal saham;
                                           c. Jumlah saham beredar sebelum dan sesudah aksi korporasi;
                                           d. Jumlah efek konversi yang dilaksanakan (jika ada); dan
                                           e. Harga saham sebelum dan sesudah aksi korporasi;
                                        3. Dalam hal terjadi penghentian sementara perdagangan saham
                                           (suspension) dan/atau pembatalan pencatatan saham (delisting)
                                           dalam tahun buku, dijelaskan alasan penghentian sementara
                                           perdagangan saham (suspension) dan/atau pembatalan
                                           pencatatan saham (delisting) tersebut; dan
                                        4. Dalam hal penghentian sementara perdagangan saham
                                           (suspension) sebagaimana dimaksud pada angka 3 dan/atau
                                           proses pembatalan pencatatan saham (delisting) masih
                                           berlangsung hingga akhir periode Laporan Tahunan, dijelaskan
                                           tindakan yang dilakukan untuk menyelesaikan penghentian
                                           sementara perdagangan saham (suspension) dan/atau
                                           pembatalan pencatatan saham (delisting) tersebut.
Share information   of   the   Public   1. Shares issued for three-month period in the last 2 fiscal years,
Company                                    presented in comparison form, shall at least cover:
                                           a. Number of outstanding shares;
                                           b. Market capitalization based on the price at the stock exchange
                                               where the shares are listed;
                                           c. Share price, lowest share price, closing share price at the stock
                                               exchange where the shares are listed; and
                                           d. Share volume at the stock exchange where the shares are listed.
                                           Information in point a, b, c is disclosed only if the shares are listed
                                           on a stock exchange;
                                        2. In the event of a corporate action that causes a change in shares,
                                           such as a stock split, reverse stock, stock dividends, bonus shares,
                                           changes in the nominal value of shares, issuance of convertible
                                           securities, as well as additions and reductions in capital, stock
                                           information as referred to in number 1 shall be added by an
                                           explanation of at least:
                                           a. Date of corporate action;
                                           b. Ratio stock split, reverse stock, stock dividend, bonus shares,
                                               total convertible securities issued, and changes in the nominal
                                               value of shares;
                                           c. Number of outstanding shares before and after corporate
                                               action;
                                           d. The number of convertible securities exercised (if any); and
                                           e. Share price before and after corporate action;
                                        3. In the event that the company’s shares were suspended and/or
                                           delisted from trading during the financial year, then the company
                                           shall provide reasons for the suspension and/or delisting; and
                                        4. In the event that the suspension and/ or delisting as referred to in
                                           point 3 was still in effect until the date of the Annual Report, then
                                           the company shall also explain the corporate actions taken by the
                                           company in resolving the suspension and/or delisting.




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              Kriteria                                               Penjelasan                                Halaman
              Criteria                                              Descriptions                                 Page

Laporan Manajemen / Management Report
Laporan Dewan Komisaris                   Paling sedikit memuat:                                                28-35
                                          1. Penilaian terhadap kinerja Direksi mengenai pengelolaan
                                              perusahaan, termasuk pengawasan Dewan Komisaris dalam
                                              perumusan dan implementasi strategi perusahaan yang dilakukan
                                              oleh Direksi;
                                          2. Pandangan atas prospek usaha perusahaan yang disusun oleh
                                              Direksi; dan
                                          3. Pandangan atas penerapan tata kelola perusahaan.
The Board of Commissioners Report         At least contains:
                                          1. Assessment on the performance of the Board of Directors in
                                              managing the company, including the Board of Commissioner’s
                                              supervision on the formulation and implementation of corporate
                                              strategies taken by the Board of Directors;
                                          2. View on the business prospects of the company as established by
                                              the Board of Directors; and
                                          3. View on the implementation of the corporate governance by the
                                              company.

Laporan Direksi                           1. Kinerja perusahaan, paling sedikit memuat:                         36-45
                                             a. Strategi dan kebijakan strategis perusahaan;
                                             b. Peranan Direksi dalam perumusan strategi dan kebijakan
                                                strategis perusahaan;
                                             c. Proses yang dilakukan Direksi untuk memastikan implementasi
                                                strategi perusahaan;
                                             d. Perbandingan antara hasil yang dicapai dengan yang
                                                ditargetkan perusahaan; dan
                                             e. Kendala yang dihadapi perusahaan;
                                          2. Gambaran tentang prospek usaha perusahaan; dan
                                          3. Penerapan tata kelola perusahaan.
The Board of Directors Report             1. The company performance, at least contains:
                                             a. Strategy and strategic policies of the company;
                                             b. Role of the Board of Directors in formulating strategies and
                                                strategic policies of the company;
                                             c. Process carried out by the Board of Directors to ensure the
                                                implementation of the company’s strategy; and
                                             d. Comparison between the achievement of results and targets of
                                                the company; and
                                             e. Challenges faced by the company;
                                          2. Description on business prospects; and
                                          3. Implementation of good corporate governance.

Profil Perusahaan / Company Profile
Nama    dan       alamat        lengkap   Paling sedikit memuat:                                                 6-7
perusahaan                                1. Nama perusahaan, termasuk apabila terdapat perubahan nama,
                                              alasan perubahan, dan tanggal efektif perubahan nama pada
                                              tahun buku;
                                          2. Akses terhadap perusahaan termasuk kantor cabang atau kantor
                                              perwakilan yang memungkinkan masyarakat dapat memperoleh
                                              informasi mengenai perusahaan, meliputi:
                                              a. Alamat;
                                              b. Nomor telepon;
                                              c. Alamat surat elektronik; dan
                                              d. Alamat situs web.
Name and complete address of the          At least contains:
company                                   1. Name of company, including change of name, reason of
                                              change, and the effective date of the change of name during
                                              the fiscal year;
                                          2. Access to company, including branch office or representative
                                              office, where public can have access of information of the
                                              company, which include:
                                              a. Address;
                                              b. Telephone number;
                                              c. Email address; and
                                              d. Website address.




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              Kriteria                                                 Penjelasan                                   Halaman
              Criteria                                                Descriptions                                    Page

Riwayat singkat perusahaan               Riwayat singkat perusahaan.                                                  48
Brief history of the company             Brief history of the company.

Visi, misi, dan budaya perusahaan        Mencakup:                                                                    49
                                         1. Visi dan misi perusahaan; serta
                                         2. Informasi mengenai budaya perusahaan (corporate culture) atau
                                            nilai-nilai perusahaan (jika ada).
Vision, mission, and corporate culture   Includes:
                                         1. Vision, mission of the company; and
                                         2. Information on corporate culture or company values (if any).

Kegiatan usaha                           Paling sedikit memuat:                                                      52-55
                                         1. Kegiatan usaha menurut anggaran dasar terakhir;
                                         2. Kegiatan usaha yang dijalankan pada tahun buku; dan
                                         3. Jenis barang dan/atau jasa yang dihasilkan.
Line of business                         At least contains:
                                         1. Line of business according to the latest Articles of Association;
                                         2. Line of business carried out during the fiscal year; and
                                         3. Types of products and/or services produced.

Wilayah operasional perusahaan           Meliputi wilayah atau daerah pelaksanaan kegiatan operasional atau           55
                                         jangkauan dari kegiatan operasional perusahaan.
Operational area of the company          Covering the region or area of operational activities or the coverage
                                         of the company’s operational activities.

Struktur organisasi perusahaan           Dalam bentuk bagan, paling sedikit sampai dengan struktur 1 tingkat         56-57
                                         di bawah Direksi, termasuk komite di bawah Direksi (jika ada) dan
                                         komite di bawah Dewan Komisaris, disertai dengan nama dan
                                         jabatan.
Organizational structure                 In a chart form, at least includes 1 level below the Board of Directors,
of the company                           including committees under the Board of Directors (if any) and
                                         committees under the Board of Commissioners, with the name
                                         and position.

Keanggotaan asosiasi                     Daftar keanggotaan asosiasi industri baik dalam skala nasional               25
                                         maupun internasional yang berkaitan dengan penerapan
                                         berkelanjutan.
Association memberships                  List of industry association memberships both on a national
                                         and international scale related to the implementation of
                                         sustainable finance.

Identitas dan riwayat hidup singkat      Paling sedikit memuat:                                                      58-61
anggota Dewan Komisaris                  1. Nama dan jabatan yang sesuai dengan tugas dan tanggung
                                            jawab;
                                         2. Foto terbaru;
                                         3. Usia;
                                         4. Kewarganegaraan;
                                         5. Riwayat pendidikan dan/atau sertifikasi;
                                         6. Riwayat jabatan, meliputi informasi:
                                            a. Dasar hukum pengangkatan sebagai anggota Dewan Komisaris;
                                            b. Dasar hukum pengangkatan pertama kali sebagai anggota
                                               Dewan Komisaris yang merupakan Komisaris Independen pada
                                               perusahaan yang bersangkutan;
                                            c. Rangkap jabatan, baik sebagai anggota Dewan Komisaris,
                                               anggota Direksi, dan/atau anggota komite serta jabatan
                                               lainnya baik di dalam maupun di luar perusahaan. Dalam hal
                                               anggota Dewan Komisaris tidak memiliki rangkap jabatan,
                                               maka diungkapkan mengenai hal tersebut; dan
                                            d. Pengalaman kerja beserta periode waktunya baik di dalam
                                               maupun di luar perusahaan;
                                         7. Hubungan afiliasi dengan anggota Dewan Komisaris lainnya,
                                            Pemegang Saham Utama dan Pengendali, baik langsung maupun
                                            tidak langsung sampai kepada pemilik individu, meliputi nama
                                            pihak yang terafiliasi. Dalam hal anggota Dewan Komisaris tidak
                                            memiliki hubungan afiliasi, maka perusahaan mengungkapkan
                                            hal tersebut;




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            Kriteria                                             Penjelasan                                    Halaman
            Criteria                                            Descriptions                                     Page

                                    8. Pernyataan independensi komisaris independen dalam hal
                                       komisaris independen telah menjabat lebih dari 2 periode; dan
                                    9. Perubahan komposisi anggota Dewan Komisaris dan alasan
                                       perubahannya. Dalam hal tidak terdapat perubahan komposisi
                                       anggota Dewan Komisaris, maka diungkapkan mengenai hal
                                       tersebut.

                                    Catatan:
                                    Dalam hal terdapat perubahan susunan anggota Dewan Komisaris
                                    yang terjadi setelah tahun buku berakhir sampai dengan batas waktu
                                    penyampaian Laporan Tahunan, susunan yang dicantumkan dalam
                                    Laporan Tahunan adalah susunan anggota Dewan Komisaris yang
                                    terakhir dan sebelumnya.
Identity  and  brief   curriculum   At least contains:
vitae of members of the Board of    1. Name and position according to the duties and responsibilities;
Commissioners                       2. Latest photograph;
                                    3. Age;
                                    4. Citizenship;
                                    5. Educational history and/or certification;
                                    6. History of position, covering information on:
                                        a. Legal basis of appointment as member of the Board
                                           of Commissioner;
                                        b. Legal basis of the first appointment as member of the Board of
                                           Commissioners who is also Independent Commissioner at the
                                           said Company;
                                        c. Concurrent position, as member of the Board of Commissioner,
                                           member of the Board of Directors, and/or member of
                                           committee, and other position in or outside the Company.
                                           In the event that the member of the Board of Commissioners
                                           does not have concurrent position, such matter shall be
                                           disclosed; and
                                        d. Working experience and period in and outside the Company;
                                    7. Affiliation with other members of the Board of Commissioner,
                                        members of the Board of Directors, majority and controlling
                                        shareholders, either directly or indirectly to individual owners,
                                        including names of affiliated parties. In the event that a member of
                                        the Board of Commissioners has no affiliation, the Company shall
                                        disclose this matter.
                                    8. Statement of independence of Independent Commissioner in the
                                        event that the Independent Commissioner has been appointed for
                                        more than 2 periods; and
                                    9. Changes in the composition of the members of the Board of
                                        Commissioners and the reasons for the changes. In the event that
                                        there is no change in the composition of the members of the Board
                                        of Commissioners, this matter shall be disclosed.

                                    Note:
                                    In the event that there were changes in the composition of the Board
                                    of Commissioners occurred between the period after year-end until
                                    the date the Annual Report is submitted, then the last and the previous
                                    composition of the Board of Commissioners shall be stated in the
                                    Annual Report.




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              Kriteria                                                 Penjelasan                                    Halaman
              Criteria                                                Descriptions                                     Page

Identitas dan riwayat hidup singkat      Paling sedikit memuat:                                                       64-70
anggota Direksi                          1. Nama dan jabatan yang sesuai dengan tugas dan tanggung
                                            jawab;
                                         2. Foto terbaru;
                                         3. Usia;
                                         4. Kewarganegaraan;
                                         5. Riwayat pendidikan dan/atau sertifikasi;
                                         6. Riwayat jabatan, meliputi informasi:
                                            a. Dasar hukum pengangkatan sebagai anggota Direksi pada
                                               perusahaan yang bersangkutan;
                                            b. Rangkap jabatan, baik sebagai anggota Direksi, anggota
                                               Dewan Komisaris, dan/atau anggota komite serta jabatan
                                               lainnya baik di dalam maupun di luar perusahaan. Dalam
                                               hal anggota Direksi tidak memiliki rangkap jabatan, maka
                                               diungkapkan mengenai hal tersebut; dan
                                            c. Pengalaman kerja beserta periode waktunya baik di dalam
                                               maupun di luar perusahaan;
                                         7. Hubungan afiliasi dengan anggota Direksi lainnya, anggota
                                            Dewan Komisaris, Pemegang Saham Utama dan Pengendali,
                                            baik langsung maupun tidak langsung sampai kepada pemilik
                                            individu, meliputi nama pihak yang terafiliasi. Dalam hal anggota
                                            Direksi tidak memiliki hubungan afiliasi, maka perusahaan
                                            mengungkapkan hal tersebut; dan
                                         8. Perubahan komposisi anggota Direksi dan alasan perubahannya.
                                            Dalam hal tidak terdapat perubahan komposisi anggota Direksi,
                                            maka diungkapkan mengenai hal tersebut.

                                         Catatan:
                                         Dalam hal terdapat perubahan susunan anggota Direksi yang
                                         terjadi setelah tahun buku berakhir sampai dengan batas waktu
                                         penyampaian Laporan Tahunan, susunan yang dicantumkan dalam
                                         Laporan Tahunan adalah susunan anggota Direksi yang terakhir dan
                                         sebelumnya.
Identity and brief curriculum vitae of   At least contains:
members of the Board of Directors        1. Name and position according to the duties and responsibilities;
                                         2. Latest photograph;
                                         3. Age;
                                         4. Citizenship;
                                         5. Educational history and/or certification;
                                         6. History of position, covering information on:
                                             a. Legal basis of appointment as member of the Board of Directors
                                                 to the said company;
                                             b. Concurrent position, as member of the Board of Directors,
                                                 member of the Board of Commissioners, and/or member of
                                                 committee, and other position in or outside the Company.
                                                 In the event that the member of the Board of Directors does not
                                                 have concurrent position, such matter shall be disclosed; and
                                             c. Working experience and period in and outside the Company;
                                         7. Affiliation with other members of the Board of Directors, members of
                                             the Board of Commissioners, majority and controlling shareholders,
                                             either directly or indirectly to individual owners, including names
                                             of affiliated parties. In the event that a member of the Board of
                                             Directors has no affiliation, the Company shall disclose this matter;
                                             and
                                         8. Changes in the composition of the members of the Board of
                                             Directors and the reasons for the changes. In the event that there
                                             is no change in the composition of the members of the Board of
                                             Directors, this matter shall be disclosed.

                                         Note:
                                         In the event that there were changes in the composition of the Board
                                         of Directors occurred between period after year-end until the date the
                                         Annual Report is submitted, then the last and the previous composition
                                         of the Board of Directors shall be stated in the Annual Report.




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             Kriteria                                   Penjelasan                                   Halaman
             Criteria                                  Descriptions                                    Page

Jumlah karyawan            Memuat informasi pada tahun buku berdasarkan klasifikasi:                  119-121
                           1. Jenis kelamin;
                           2. Jabatan;
                           3. Usia;
                           4. Tingkat pendidikan; dan
                           5. Status ketenagakerjaan (tetap/kontrak).

                           Catatan:
                           Pengungkapan informasi dapat disajikan dalam bentuk tabel.
Number of employees        Contain information in the fiscal year by classifications of:
                           1. Gender;
                           2. Position;
                           3. Age;
                           4. Education level; and
                           5. Employment status (permanent/non-permanent).

                           Note:
                           Disclosure of information can be presented in tabular form.
Komposisi Pemegang Saham   Paling sedikit memuat:                                                       71
                           1. Nama Pemegang Saham dan persentase kepemilikan pada awal
                               dan akhir tahun buku, yang terdiri dari:
                               a. Pemegang Saham yang memiliki 5% atau lebih saham
                                   perusahaan;
                               b. Anggota Dewan Komisaris dan Direksi yang memiliki saham
                                   perusahaan. Dalam hal seluruh anggota Dewan Komisaris dan
                                   Direksi tidak memiliki saham, maka diungkapkan mengenai hal
                                   tersebut; dan
                               c. Kelompok Pemegang Saham masyarakat, yaitu kelompok
                                   Pemegang Saham yang masing-masing memiliki kurang dari
                                   5% saham perusahaan;
                           2. Persentase kepemilikan tidak langsung atas saham perusahaan
                               oleh anggota Dewan Komisaris dan Direksi pada awal dan akhir
                               tahun buku, termasuk informasi mengenai Pemegang Saham
                               yang terdaftar dalam Daftar Pemegang Saham untuk kepentingan
                               kepemilikan tidak langsung anggota Dewan Komisaris dan Direksi.
                               Dalam hal seluruh anggota Dewan Komisaris dan Direksi tidak
                               memiliki kepemilikan tidak langsung atas saham perusahaan,
                               maka diungkapkan mengenai hal tersebut;
                           3. Jumlah Pemegang Saham dan persentase kepemilikan per akhir
                               tahun buku berdasarkan klasifikasi:
                               a. Kepemilikan institusi lokal;
                               b. Kepemilikan institusi asing;
                               c. Kepemilikan individu lokal; dan
                               d. Kepemilikan individu asing.
Shareholders Composition   At least contains:
                           1. Names of shareholders and ownership percentage at the
                               beginning and the end of the fiscal year, including:
                               a. Shareholders having 5% or more shares of the company;
                               b. Members of the Board of Commissioners and the Board of
                                   Directors who own shares of the company. In the event that
                                   all members of the Board of Commissioners and the Board of
                                   Directors do not have shares, such matter shall be disclosed;
                                   and
                               c. Groups of public Shareholders or groups of shareholders, each
                                   with less 5% share ownership of the company;
                           2. The percentage of indirect ownership of the shares of the company
                               by members of the Board of Commissioners and members of the
                               Board of Directors at the beginning and end of the fiscal year,
                               including information on Shareholders registered in the Shareholder
                               register for the benefit of indirect ownership of members of the
                               Board of Commissioners and members of the Board of Directors.
                               In the event that all members of the Board of Commissioners and
                               Board of Directors do not have indirect ownership of shares of the
                               company, such matter shall be disclosed;
                           3. Number of shareholder and ownership percentage at the end of
                               the fiscal year, by classifications of:
                               a. Ownership of local institutions;
                               b. Ownership of foreign institutions;
                               c. Ownership of local individual; and
                               d. Ownership of foreign individual.




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               Kriteria                                                Penjelasan                                    Halaman
               Criteria                                               Descriptions                                     Page

Pemegang      Saham       Utama   dan     Informasi mengenai Pemegang Saham Utama dan Pengendali                       74
Pengendali                                perusahaan, baik langsung maupun tidak langsung, sampai kepada
                                          pemilik individu, yang disajikan dalam bentuk skema atau bagan.
Major and Controlling Shareholders        Information on Major Shareholders and Controlling Shareholders of
                                          the company, either directly or indirectly, up to the individual owner
                                          shall be presented in the form of scheme or diagram.

Daftar Entitas Anak dan/atau Entitas      Meliputi:                                                                   76-77
Asosiasi                                  1. Nama Entitas Anak, Perusahaan Asosiasi, dan/atau Perusahaan
                                             Ventura di mana perusahaan memiliki pengendalian bersama
                                             entitas;
                                          2. Persentase kepemilikan saham;
                                          3. Bidang usaha;
                                          4. Total aset; dan
                                          5. Status operasi perusahaan tersebut (jika ada).

                                          Catatan:
                                          Untuk Entitas Anak, ditambahkan informasi mengenai alamat Entitas
                                          Anak tersebut.
List of Subsidiaries and/or Associated    At least contains:
Entities                                  1. Name of Subsidiaries, Associated Companies, and/or Joint Venture
                                              where the company has common control of the entity;
                                          2. Percentage of stock ownership;
                                          3. Line of business;
                                          4. Total assets; and
                                          5. Operating status of the company (if any).

                                          Note:
                                          For Subsidiaries, include information of the addresses of the said
                                          Subsidiaries.

Kronologi     penerbitan      dan/atau    Paling sedikit memuat:                                                       74
pencatatan       saham       (termasuk    1. Jumlah saham;
pemecahan saham (stock split),            2. Nilai nominal;
penggabungan        saham      (reverse   3. Harga penawaran dari awal pencatatan hingga akhir tahun buku;
stock),   dividen    saham,      saham    4. Nama bursa efek saham perusahaan dicatatkan (jika ada).
bonus, perubahan nilai nominal
saham, pelaksanaan efek konversi,
pelaksanaan      penambahan         dan
pengurangan modal) dari awal
penerbitan sampai dengan akhir
tahun buku.
Chronology of issuance and/or listing     At least contains:
of shares (including stock splits,        1. Number of shares;
reverse stock split, stock dividends,     2. Shares nominal value;
bonus shares, changes in the nominal      3. Offering price from the beginning of listing to the end of the fiscal
value of shares, implementation of            year; and
convertible securities, implementation    4. Name of stock exchange where the shares are listed (if any).
of additional and reduced capital)
from the beginning of issuance to the
end of fiscal year.

Kronologi  penerbitan   dan/atau          Informasi pencatatan efek lainnya yang belum jatuh tempo pada                75
pencatatan efek lainnya dari awal         tahun buku paling sedikit memuat:
penerbitan sampai dengan akhir            1. Nama efek;
tahun buku                                2. Tahun penerbitan;
                                          3. Tingkat suku bunga/imbal hasil;
                                          4. Tanggal jatuh tempo;
                                          5. Nilai penawaran; dan
                                          6. Peringkat efek (jika ada).
Chronology of issuance and/or listing     Information on the listing of other securities that are not due in the
of other securities from the beginning    fiscal year shall at least contain:
of issuance to the end of fiscal year     1. Name of the securities;
                                          2. Year of issuance;
                                          3. Interest rate/yield;
                                          4. Maturity date;
                                          5. Offering value; and
                                          6. Securities rating (if any).




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               Criteria                                                   Descriptions                                      Page

Informasi penggunaan jasa akuntan           Paling sedikit meliputi:		                                                      78
publik (AP) dan kantor akuntan publik       1. Nama dan alamat;
(KAP)    beserta   jaringan/asosiasi/       2. Periode penugasan;
aliansinya (dapat disajikan dalam           3. Informasi jasa audit dan/atau non-audit yang diberikan; dan
bentuk tabel)                               4. Biaya jasa (fee) audit dan/atau non-audit untuk masing-masing
                                               penugasan yang diberikan selama tahun buku.

                                            Catatan:
                                            Dalam hal AP dan KAP beserta jaringan/asosiasi/aliansinya yang
                                            ditunjuk tidak memberikan jasa non-audit, agar diungkapkan.
Information on the use of a public          At least contains:
accountant (AP) and a public                1. Name and address;
accounting firm (KAP) services and          2. Period of assignment;
their networks/associations/alliances       3. Information on audit and/or non-audit services provided; and
(can be presented in tabular form)          4. Audit and/or non-audit fees for each assignment given during the
                                                fiscal year.

                                            Note:
                                            In the event that the appointed AP and KAP and their
                                            network/association/alliance do not provide non-audit services, then
                                            such information shall be disclosed.

Nama     dan      alamat   lembaga          Nama dan alamat lembaga dan/atau profesi penunjang pasar                        78
dan/atau profesi penunjang                  modal selain AP dan KAP.
Name and address of capital market          Name and address of capital market supporting institutions and/or
supporting institutions                     professionals other than AP and KAP.

Penghargaan          yang       diterima    Memuat antara lain:                                                            21-24
dalam       tahun      buku      terakhir   1. Nama penghargaan dan/atau sertifikasi;
dan/atau sertifikasi yang masih             2. Tahun perolehan penghargaan dan/atau sertifikasi;
berlaku dalam tahun buku terakhir,          3. Badan pemberi penghargaan dan/atau sertifikasi; dan
baik yang berskala nasional maupun          4. Masa berlaku (untuk sertifikasi).
internasional
Awards received in the last fiscal          At least contains:
year and/or certificates that are still     1. Name of award and/or certification;
valid in the last fiscal year, both on a    2. Year of award and/or certification;
national and international scale            3. Award and/or certification agency; and
                                            4. Validity period (for certification).

Analisis dan Pembahasan Manajemen (MDNA) / Management Discussion and Analysis (MDNA)
Tinjauan operasi per segmen operasi         Paling sedikit mengenai:                                                       84-92
yang sesuai dengan jenis industri           1. Produksi, yang meliputi proses, kapasitas, dan perkembangannya;
perusahaan                                  2. Pendapatan/penjualan; dan
                                            3. Profitabilitas.
Operational review per business             At least contains:
segment, according to the type of           1. Production, including process, capacity, and growth;
industry of the company                     2. Income/sales; and
                                            3. Profitability.

Kinerja keuangan perusahaan yang            Penjelasan tentang penyebab adanya perubahan dan dampak                        93-98
mencakup perbandingan dalam                 perubahan tersebut, paling sedikit mengenai:
2 tahun buku terakhir                       1. Aset lancar, aset tidak lancar, dan total aset;
                                            2. Liabilitas jangka pendek, liabilitas jangka panjang, dan total
                                                liabilitas;
                                            3. Ekuitas;
                                            4. Pendapatan/penjualan,        beban,       laba    (rugi),    penghasilan
                                                komprehensif lain, dan total laba (rugi) komprehensif; dan
                                            5. Arus kas.
Financial performance analysis which        Explanation of the causes of the change and the impact of the change,
includes a comparison between               at least regarding:
the fiscal performance of the last          1. Current assets, non-current assets, and total assets;
2 fiscal years                              2. Current liabilities, non-current liabilities, and total liabilities;
                                            3. Equity;
                                            4. Sales/revenues, expenses, profit (loss), other comprehensive
                                                income, and total comprehensive profit (loss); and
                                            5. Cash flows.




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               Kriteria                                                Penjelasan                                   Halaman
               Criteria                                               Descriptions                                    Page

Kemampuan membayar utang dan              Penjelasan tentang:                                                        99-100
tingkat kolektibilitas piutang            1. Kemampuan membayar utang; dan
                                          2. Tingkat kolektibilitas piutang.
                                          dengan menyajikan perhitungan rasio yang relevan dengan jenis
                                          industri.
Debt service ability and receivables      Explanation of:
turnover ratio                            1. Debt service ability; and
                                          2. Receivables turnover ratio.
                                          by presenting ratio calculations relevant to the type of industry.

Struktur modal (capital structure) dan    Disertai dasar penentuan kebijakan dimaksud.                                100
kebijakan manajemen atas struktur
modal (capital structure policy)
Capital structure and management’s        Including the basis for determining the said policy.
capital structure policy

Ikatan material untuk investasi barang    Paling sedikit meliputi:                                                    101
modal (bukan ikatan pendanaan)            1. Tujuan dari ikatan tersebut;
pada tahun buku terakhir                  2. Sumber dana yang diharapkan untuk memenuhi ikatan tersebut;
                                          3. Mata uang yang menjadi denominasi; dan
                                          4. Langkah yang direncanakan perusahaan untuk melindungi risiko
                                              dari posisi mata uang asing yang terkait.
Material commitments for capital          At least contains:
goods investment (not financing           1. The purpose of such commitments;
commitments) in the last fiscal year      2. Source of funds expected to fulfill the said commitments;
                                          3. Currency of denomination; and
                                          4. Steps taken by the company to protect the position of a related
                                              foreign currency against risks.

Investasi    barang modal        yang     Paling sedikit meliputi:                                                    102
direalisasikan pada tahun        buku     1. Jenis investasi barang modal;
terakhir                                  2. Tujuan investasi barang modal; dan
                                          3. Nilai investasi barang modal yang dikeluarkan.
Capital goods investment which was        At least contains:
realized in the last fiscal year          1. Type of capital goods investment;
                                          2. Purpose of capital goods investment; and
                                          3. Amount of capital goods investment incurred.

Informasi dan fakta material yang         jika ada.                                                                   110
terjadi setelah tanggal laporan
akuntan
Information and material facts            If any.
occurred after the accountant’s
report date

Prospek usaha perusahaan                  Dikaitkan dengan kondisi industri, ekonomi secara umum dan pasar            107
                                          internasional, disertai data pendukung kuantitatif dari sumber data
                                          yang layak dipercaya.
Company business prospects                Related to the industrial condition, general economy, and international
                                          market, accompanied by quantitative supporting data from reliable
                                          data sources.

Perbandingan antara target/proyeksi       Mengenai:                                                                   106
pada awal tahun buku dengan hasil         1. Pendapatan/penjualan;
yang dicapai (realisasi)                  2. Laba (rugi);
                                          3. Struktur modal (capital structure); atau
                                          4. Hal lainnya yang dianggap penting bagi perusahaan.
Comparison        between      targets/   Information on:
projections at beginning of fiscal year   1. Income/sales;
with the results achieved (realization)   2. Profit (loss);
                                          3. Capital structure; or
                                          4. Other matters deemed necessary by the company.




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               Kriteria                                                 Penjelasan                                    Halaman
               Criteria                                                Descriptions                                     Page

Target/proyeksi yang ingin dicapai        Mengenai:                                                                     108
untuk 1 tahun mendatang                   1. Pendapatan/penjualan;
                                          2. Laba (rugi);
                                          3. Pemasaran;
                                          4. Pengembangan SDM; atau
                                          5. Hal lainnya yang dianggap penting bagi perusahaan.
Targets/projections to be achieved        Information on:
for the next 1 year                       1. Income/sales;
                                          2. Profit (loss);
                                          3. Marketing;
                                          4. HR development; or
                                          5. Other matters deemed necessary by the company.

Aspek pemasaran                           Antara lain:                                                                102-103
                                          1. Strategi pemasaran; dan
                                          2. Pangsa pasar.
Marketing aspect                          Among others:
                                          1. Marketing strategy; and
                                          2. Market share.

Kebijakan dividen dan jumlah dividen      Paling sedikit meliputi:                                                    104-105
yang diumumkan atau dibayar               1. Kebijakan dividen, antara lain memuat informasi persentase
selama 2 tahun buku terakhir                 jumlah dividen yang dibagikan terhadap laba bersih;
                                          2. Tanggal pembayaran dividen kas dan/atau tanggal distribusi
                                             dividen non-kas;
                                          3. Jumlah dividen per saham (kas dan/atau non kas); dan
                                          4. Jumlah dividen per tahun yang dibayar.

                                          Catatan:
                                          1. Dapat disajikan dalam bentuk tabel; dan
                                          2. Dalam hal perusahaan tidak membagikan dividen dalam 2 tahun
                                              terakhir, agar diungkapkan.
Dividend  policy     and     amount       At least contains:
announced or paid for the last 2 fiscal   1. Dividend policy, including information on the percentage of
years                                         dividend amount distributed to net income;
                                          2. Payment date of cash dividend and/or distribution date of
                                              non-cash dividend;
                                          3. Amount of dividend per share (cash and/or non-cash); and
                                          4. Amount of dividend paid per year.

                                          Note:
                                          1. Can be presented in tabular form; and
                                          2. If the company has not distributed dividends in the last 2 years, this
                                             shall be disclosed.

Realisasi penggunaan dana hasil           Dengan ketentuan:                                                             105
penawaran umum                            1. Dalam hal selama tahun buku, perusahaan memiliki kewajiban
                                             menyampaikan laporan realisasi penggunaan dana, maka
                                             diungkapkan realisasi penggunaan dana hasil penawaran umum
                                             secara kumulatif sampai dengan akhir tahun buku; dan
                                          2. Dalam hal terdapat perubahan penggunaan dana sebagaimana
                                             diatur dalam Peraturan Otoritas Jasa Keuangan tentang Laporan
                                             Realisasi Penggunaan Dana Hasil Penawaran Umum, maka
                                             perusahaan wajib menjelaskan perubahan tersebut.
Use of proceeds from public offerings     Under the condition:
                                          1. In the event that during the fiscal year, the company has an
                                             obligation to submit a report on the realization of use of proceeds,
                                             the cumulative realization of use of proceeds from public offerings
                                             until the end of fiscal year shall be disclosed; and
                                          2. In the event that there is a change in the use of proceeds as
                                             stipulated in Financial Services Authority Regulation on Realization
                                             Report on the Use of Proceeds from Public Offering, the company
                                             shall explain such change.




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               Kriteria                                                  Penjelasan                                    Halaman
               Criteria                                                 Descriptions                                     Page

Informasi       material     mengenai      Paling sedikit memuat:                                                        110
investasi,      ekspansi,     divestasi,   1. Tanggal, nilai, dan objek transaksi;
penggabungan/peleburan           usaha,    2. Nama pihak yang melakukan transaksi;
akuisisi, restrukturisasi utang/modal,     3. Sifat hubungan afiliasi (jika ada);
transaksi afiliasi, dan transaksi yang     4. Penjelasan mengenai kewajaran transaksi;
mengandung benturan kepentingan            5. Pemenuhan ketentuan terkait;
yang terjadi pada tahun buku               6. Dalam hal terdapat hubungan afiliasi, selain mengungkapkan
                                               informasi sebagaimana dimaksud dalam angka 1-5, perusahaan
                                               juga mengungkapkan informasi:
                                               a. Pernyataan Direksi bahwa transaksi afiliasi telah melalui
                                                   prosedur yang memadai untuk memastikan bahwa transaksi
                                                   afiliasi dilaksanakan sesuai dengan praktik bisnis yang berlaku
                                                   umum antara lain dilakukan dengan memenuhi prinsip
                                                   transaksi yang wajar (armlength principle); dan
                                               b. Peran Dewan Komisaris dan komite audit dalam melakukan
                                                   prosedur yang memadai untuk memastikan bahwa transaksi
                                                   afiliasi dilaksanakan sesuai dengan praktik bisnis yang berlaku
                                                   umum antara lain dilakukan dengan memenuhi prinsip
                                                   transaksi yang wajar (armlength principle);
                                           7. Untuk transaksi afiliasi atau transaksi material yang merupakan
                                               kegiatan usaha yang dijalankan dalam rangka menghasilkan
                                               pendapatan usaha dan dijalankan secara rutin, berulang,
                                               dan/atau berkelanjutan, ditambahkan penjelasan bahwa transaksi
                                               afiliasi atau transaksi material tersebut merupakan kegiatan usaha
                                               yang dijalankan dalam rangka menghasilkan pendapatan usaha
                                               dan dijalankan secara rutin, berulang, dan/atau berkelanjutan.
                                               Dalam hal transaksi afiliasi atau transaksi material dimaksud telah
                                               diungkapkan dalam laporan keuangan tahunan, ditambahkan
                                               informasi mengenai rujukan pengungkapan dalam Laporan
                                               Keuangan Tahunan tersebut;
                                           8. Untuk pengungkapan transaksi afiliasi dan/atau transaksi benturan
                                               kepentingan yang merupakan hasil pelaksanaan transaksi afiliasi
                                               dan/atau transaksi benturan kepentingan yang telah disetujui
                                               Pemegang Saham Independen, ditambahkan informasi mengenai
                                               tanggal pelaksanaan RUPS yang menyetujui transaksi afiliasi
                                               dan/atau transaksi benturan kepentingan tersebut; dan
                                           9. Dalam hal tidak terdapat transaksi afiliasi dan/atau transaksi
                                               benturan kepentingan, maka diungkapkan mengenai hal tersebut.
Material information on investment,        At least contains:
expansion,    divestment,    business      1. Transaction date, value, and object;
merger/consolidation,      acquisition,    2. Name of transacting parties;
debt/capital restructuring, affiliated     3. Nature of affiliations (if any);
transactions,    and     transactions      4. Description of the fairness of the transaction;
containing conflict of interest that       5. Compliance with related rules and regulations;
occurred during the fiscal year            6. In the event that there is an affiliation relationship, apart from
                                               disclosing the information as referred to in point 1-5, the company
                                               also discloses information on:
                                               a. A statement from the Board of Directors that the affiliate
                                                   transaction has gone through adequate procedures to ensure
                                                   that the affiliate transaction is carried out in accordance with
                                                   generally accepted business practices, by complying with the
                                                   arms-length principle; and
                                               b. The role of the Board of Commissioners and the audit
                                                   committee in carrying out adequate procedures to ensure
                                                   that affiliated transactions are carried out in accordance with
                                                   generally accepted business practices, by complying with the
                                                   arms-length principle;
                                           7. For affiliate transactions or material transactions which are
                                               business activities carried out in order to generate business income
                                               and are carried out routinely, repeatedly, and/or continuously, an
                                               explanation is added that the affiliated transactions or material
                                               transactions are business activities carried out in order to generate
                                               business income and are carried out routinely, repeatedly,
                                               and/or continuously. In the event that the affiliated transactions
                                               or material transactions referred to have been disclosed in the
                                               annual financial statements, information regarding references to
                                               disclosure is added in the said Annual Financial Statements;




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              Kriteria                                                 Penjelasan                                     Halaman
              Criteria                                                Descriptions                                      Page

                                         8. For disclosure of affiliated transactions and/or conflict of interest
                                            transactions resulting from the implementation of affiliated
                                            transactions and/or conflict of interest transactions that have been
                                            approved by Independent Shareholders, additional information
                                            regarding the date of the GMS which approved the affiliated
                                            transactions and/or conflict of interest transactions is added; and
                                         9. In the event that there is no affiliated transaction and/or conflict of
                                            interest transaction, then this shall be disclosed.

Perubahan peraturan perundang-           Disertai dampaknya terhadap Laporan Keuangan (jika ada).                      113-114
undangan      yang      berpengaruh
signifikan terhadap      perusahaan
pada tahun buku terakhir
Amendments to laws and regulations       Completed with the impact on the Financial Statements (if any).
which have a significant effect on the
company in the fiscal year

Perubahan kebijakan akuntansi yang       Disertai alasan dan dampaknya terhadap Laporan Keuangan                         115
diterapkan perusahaan pada tahun         (jika ada).
buku terakhir
Changes in accounting policies           Completed with the reasons and impact on the Financial Statements
implemented by the company in the        (if any).
last fiscal year

Tata Kelola Perusahaan / Corporate Governance
Rapat Umum        Pemegang    Saham      Paling sedikit memuat:                                                       140-147
(RUPS)                                   1. Informasi mengenai keputusan RUPS pada tahun buku dan 1 tahun
                                             sebelumnya meliputi:
                                             a. Keputusan RUPS yang direalisasikan pada tahun buku; dan
                                             b. Keputusan RUPS yang belum direalisasikan beserta alasan
                                                belum direalisasikan;
                                         2. Dalam hal perusahaan menggunakan pihak independen dalam
                                             pelaksanaan RUPS untuk melakukan perhitungan suara, maka
                                             diungkapkan mengenai hal tersebut.
General   Meeting   of   Stakeholders    At least contains:
(GMS)                                    1. Information regarding the resolutions of the GMS in the fiscal year
                                             and 1 year prior to the fiscal year include:
                                             a. Resolutions of the GMS that were realized in the fiscal year; and
                                             b. Resolutions of the GMS that have not been realized and the
                                                reasons for not realizing them;
                                         2. In the event that the company uses an independent party in the
                                             conduct of the GMS to calculate the votes, then this matter shall be
                                             disclosed.

Dewan Komisaris                          Paling sedikit memuat:                                                       147-153;
                                         1. Tugas dan tanggung jawab Dewan Komisaris;                                 166-167
                                         2. Pernyataan bahwa Dewan Komisaris memiliki pedoman atau
                                            piagam (charter) Dewan Komisaris;
                                         3. Kebijakan dan pelaksanaan frekuensi rapat Dewan Komisaris,
                                            rapat Dewan Komisaris bersama Direksi, dan tingkat kehadiran
                                            anggota Dewan Komisaris dalam rapat tersebut, termasuk
                                            kehadiran dalam RUPS (dapat disajikan dalam bentuk tabel);
                                         4. Pelatihan     dan/atau    peningkatan     kompetensi     anggota
                                            Dewan Komisaris:
                                            a. Kebijakan pelatihan dan/atau peningkatan kompetensi
                                               anggota Dewan Komisaris, termasuk program orientasi bagi
                                               anggota Dewan Komisaris yang baru diangkat (jika ada);
                                            b. Pelatihan dan/atau peningkatan kompetensi yang diikuti
                                               anggota Dewan Komisaris dalam tahun buku (jika ada);
                                         5. Penilaian kinerja anggota Direksi dan anggota Dewan Komisaris:
                                            a. Prosedur pelaksanaan penilaian kinerja;
                                            b. Kriteria yang digunakan, seperti capaian kinerja selama tahun
                                               buku, kompetensi dan kehadiran dalam rapat;
                                            c. Pihak yang melakukan penilaian;
                                         6. Penilaian Dewan Komisaris terhadap kinerja komite yang
                                            mendukung pelaksanaan tugas Dewan Komisaris pada tahun
                                            buku:
                                            a. Prosedur penilaian kinerja; dan
                                            b. Kriteria yang digunakan, seperti capaian kinerja selama tahun
                                               buku, kompetensi, dan kehadiran dalam rapat.




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             Kriteria                                            Penjelasan                                   Halaman
             Criteria                                           Descriptions                                    Page

The Board of Commissioners          At least contains:
                                    1. Duties and responsibilities of the Board of Commissioners;
                                    2. Statement that the Board of Commissioners already has the board
                                        manual or charter;
                                    3. Policies and implementation of the frequency of meetings of the
                                        Board of Commissioners, meetings of the Board of Commissioners
                                        with the Board of Directors, and the level of attendance of members
                                        of the Board of Commissioners in these meetings including
                                        attendance at the GMS (can be presented in tabular form);
                                    4. Training and/or competency improvement of members of the
                                        Board of Commissioners:
                                        a. Policy on competency training and/or development of members
                                           of the Board of Commissioners, including orientation programs
                                           for newly appointed members of the Board of Commissioners
                                           (if any); and
                                        b. Competency training and/or development attended by
                                           members of the Board of Commissioners in the fiscal year
                                           (if any);
                                    5. The performance assessment of the Board of Directors and Board
                                        of Commissioners:
                                        a. Procedure for the implementation of performance assessment;
                                        b. Criteria used, such as performance achievements during the
                                           fiscal year, competency, and attendance at meetings; and
                                        c. Assessor;
                                    6. Board of Commissioners’ assessment of the performance
                                        of Committees supporting the implementation of Board of
                                        Commissioners’ duties in the fiscal year:
                                        a. Performance assessment procedures; and
                                        b. The criteria used, such as performance achievements during
                                           the fiscal year, competency, and attendance at meetings.

Direksi                             Paling sedikit memuat:                                                    154-160;
                                    1. Tugas dan tanggung jawab masing-masing anggota Direksi                    167
                                       (dapat juga disajikan dalam bentuk tabel);
                                    2. Pernyataan bahwa Direksi memiliki pedoman atau piagam
                                       (charter) Direksi;
                                    3. Kebijakan dan pelaksanaan frekuensi rapat Direksi, rapat Direksi
                                       bersama Dewan Komisaris, dan tingkat kehadiran anggota Direksi
                                       dalam rapat tersebut, termasuk kehadiran dalam RUPS (dapat
                                       disajikan dalam bentuk tabel);
                                    4. Pelatihan dan/atau peningkatan kompetensi anggota Direksi:
                                       a. Kebijakan pelatihan dan/atau peningkatan kompetensi
                                          anggota Direksi, termasuk program orientasi bagi anggota
                                          Direksi yang baru diangkat (jika ada);
                                       b. Pelatihan dan/atau peningkatan kompetensi yang diikuti
                                          anggota Direksi dalam tahun buku (jika ada);
                                    5. Penilaian Direksi terhadap kinerja komite yang mendukung
                                       pelaksanaan tugas Direksi pada tahun buku:
                                       a. Prosedur penilaian kinerja; dan
                                       b. Kriteria yang digunakan, seperti capaian kinerja selama tahun
                                          buku, kompetensi, dan kehadiran dalam rapat.

                                    Catatan:
                                    Dalam hal perusahaan tidak memiliki komite yang mendukung
                                    pelaksanaan tugas Direksi, agar diungkapkan.




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              Kriteria                                            Penjelasan                                  Halaman
              Criteria                                           Descriptions                                   Page

The Board of Directors               At least contains:
                                     1. The duties and responsibilities of each member of the Board
                                         of Directors (can be presented in tabular form);
                                     2. Statement that the Board of Directors already has board manual
                                         or charter;
                                     3. Policies and implementation of the frequency of meetings of the
                                         Board of Directors, meetings of the Board of Directors with the
                                         Board of Commissioners, and the level of attendance of members
                                         of the Board of Directors in the meeting including attendance at
                                         the GMS (can be presented in tabular form);
                                     4. Training and/or competency development of members of the
                                         Board of Directors;
                                         a. Policy on competency training and/or development of members
                                            of the Board of Directors, including an orientation program for
                                            newly appointed members of the Board of Directors (if any);
                                            and
                                         b. Competency training and/or development attended by
                                            members of the Board of Directors in the fiscal year (if any);
                                     5. The Board of Directors’ assessment of the performance of
                                         committees supporting the implementation of Board of Directors’
                                         duties for the fiscal year:
                                         a. Performance assessment procedures; and
                                         b. The criteria used, such as performance achievements during
                                            the fiscal year, competency, and attendance at meetings.

                                     Note:
                                     In the event that the company does not have a committee supporting
                                     the implementation of Board of Directors’ duties, this matter shall be
                                     disclosed.

Nominasi dan remunerasi       bagi   Paling sedikit memuat:                                                   167-168
Dewan Komisaris dan Direksi          1. Prosedur nominasi, meliputi uraian singkat mengenai kebijakan
                                        dan proses nominasi anggota Dewan Komisaris dan/atau anggota
                                        Direksi;
                                     2. Prosedur dan pelaksanaan remunerasi Dewan Komisaris dan
                                        Direksi, antara lain:
                                        a. Prosedur penetapan remunerasi;
                                        b. Struktur remunerasi, seperti, gaji, tunjangan, tantiem/bonus
                                           dan lainnya; dan
                                        c. Besarnya remunerasi masing-masing anggota Dewan Komisaris
                                           dan anggota Direksi.

                                     Catatan:
                                     Pengungkapan informasi dapat disajikan dalam bentuk tabel.
The nomination and remuneration of   At least contains:
the Board of Commissioners and the   1. Nomination procedure, including a brief description of the
Board of Directors                       policies and process for nomination of members of the Board of
                                         Commissioners and/or members of the Board of Directors;
                                     2. Procedures and implementation of remuneration for the Board of
                                         Commissioners and the Board of Directors, among others:
                                         a. Procedures for determining remuneration;
                                         b. The remuneration structure, such as salary, allowances,
                                            tantiem/bonus and others; and
                                         c. The remuneration amount for each member of the Board of
                                            Commissioners and member of the Board of Directors.

                                     Note:
                                     Disclosure of information can be presented in tabular form.




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               Kriteria                                          Penjelasan                                  Halaman
               Criteria                                         Descriptions                                   Page

Dewan Pengawas Syariah (DPS)        Bagi perusahaan yang menjalankan kegiatan usaha berdasarkan                N/A
                                    prinsip syariah sebagaimana tertuang dalam Anggaran Dasar,
                                    paling sedikit memuat:
                                    1. Nama DPS;
                                    2. Dasar hukum pengangkatan DPS;
                                    3. Periode penugasan DPS;
                                    4. Tugas dan tanggung jawab DPS; dan
                                    5. Frekuensi dan cara pemberian nasihat dan saran, serta
                                        pengawasan pemenuhan prinsip syariah di pasar modal terhadap
                                        perusahaan.
Sharia Supervisory Board            For company that conducts business based on sharia law, as
                                    stipulated in the articles of association, shall at least contain:
                                    1. Name of Sharia Supervisory Board;
                                    2. Legal basis of appointment of Sharia Supervisory Board;
                                    3. Period of assignment of Sharia Supervisory Board;
                                    4. Duties and responsibilities of Sharia Supervisory Board; and
                                    5. Frequency and procedure in providing advice and suggestion, and
                                        monitoring the compliance of Sharia Principles by the company in
                                        the capital market.

Komite Audit                        Paling sedikit memuat:                                                   169-176
                                    1. Nama dan jabatannya dalam keanggotaan komite;
                                    2. Periode dan masa jabatan anggota Komite Audit;
                                    3. Usia;
                                    4. Kewarganegaraan;
                                    5. Riwayat pendidikan;
                                    6. Riwayat jabatan, meliputi informasi:
                                        a. Dasar hukum penunjukan sebagai anggota komite;
                                        b. Rangkap jabatan, baik sebagai anggota Dewan Komisaris,
                                           anggota Direksi, dan/atau anggota komite, serta jabatan
                                           lainnya (jika ada); dan
                                        c. Pengalaman kerja beserta periode waktunya, baik di dalam
                                           maupun di luar perusahaan;
                                    7. Pernyataan independensi Komite Audit;
                                    8. Kebijakan dan pelaksanaan frekuensi rapat Komite Audit dan
                                        tingkat kehadiran anggota Komite Audit dalam rapat tersebut;
                                    9. Pelatihan dan/atau peningkatan kompetensi yang diikuti dalam
                                        tahun buku (jika ada); dan
                                    10. Pelaksanaan kegiatan Komite Audit pada tahun buku sesuai
                                        dengan yang dicantumkan dalam pedoman atau piagam
                                        (charter) Komite Audit.
Audit Committee                     At least contains:
                                    1. Name and position in the committee;
                                    2. Period and terms of office of the member of Audit Committee;
                                    3. Age;
                                    4. Citizenship;
                                    5. Education background;
                                    6. History of position, including information on:
                                        a. Legal basis of appointment as committee member;
                                        b. Concurrent position, as member of Board of Commissioners,
                                           member of Board of Directors, and/or member of committee,
                                           and other position (if any); and
                                        c. Work experience and work period in and outside the company;
                                    7. Statement of independence of the Audit Committee;
                                    8. Policies and implementation of Audit Committee meeting
                                        frequency and attendance level of Audit Committee members in
                                        those meetings;
                                    9. Competency training and/or development attended in the fiscal
                                        year (if any); and
                                    10. The Audit Committee’s activities in the fiscal year, in accordance
                                        with the Audit Committee Charter.




 260      PT Teladan Prima Agro Tbk
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            Kriteria                                             Penjelasan                                 Halaman
            Criteria                                            Descriptions                                  Page

Komite   atau    fungsi   nominasi   Paling sedikit memuat:                                                  177-182
dan remunerasi                       1. Nama dan jabatannya dalam keanggotaan komite;
                                     2. Usia;
                                     3. Kewarganegaraan;
                                     4. Riwayat pendidikan;
                                     5. Riwayat jabatan, meliputi informasi:
                                         a. Dasar hukum penunjukan sebagai anggota komite;
                                         b. Rangkap jabatan, baik sebagai anggota Dewan Komisaris,
                                             anggota Direksi, dan/atau anggota komite, serta jabatan
                                             lainnya (jika ada); dan
                                         c. Pengalaman kerja beserta periode waktunya, baik di dalam
                                             maupun di luar perusahaan;
                                     6. Periode dan masa jabatan komite;
                                     7. Pernyataan independensi komite;
                                     8. Pelatihan dan/atau peningkatan kompetensi yang diikuti dalam
                                         tahun buku (jika ada);
                                     9. Uraian tugas dan tanggung jawab;
                                     10. Pernyataan bahwa telah memiliki pedoman atau piagam
                                         (charter);
                                     11. Kebijakan dan pelaksanaan frekuensi rapat komite serta tingkat
                                         kehadiran anggota komite dalam rapat tersebut;
                                     12. Uraian singkat pelaksanaan kegiatan pada tahun buku;
                                     13. Dalam hal tidak dibentuk Komite Nominasi dan Remunerasi,
                                         perusahaan cukup mengungkapkan informasi sebagaimana
                                         dimaksud pada No. 9-12, serta mengungkapkan:
                                         a. Alasan tidak dibentuknya komite; dan
                                         b. Pihak yang melaksanakan fungsi nominasi dan remunerasi.
The nomination and remuneration      At least contains:
committee or function                1. Name and position in the committee;
                                     2. Age;
                                     3. Citizenship;
                                     4. Education background;
                                     5. History of position, including information on:
                                         a. Legal basis of appointment as committee member;
                                         b. Concurrent position, as member of Board of Commissioners,
                                             member of Board of Directors, and/or member of committee,
                                             and other position (if any); and
                                         c. Work experience and work period in and outside the company;
                                     6. Period and terms of office of the committee;
                                     7. Statement of independence of the committee;
                                     8. Competency training and/or development attended in the fiscal
                                         year (if any);
                                     9. Description of duties and responsibilities;
                                     10. A statement that a guideline or charter has been established;
                                     11. Policies and implementation of the committee’s meeting frequency
                                         and attendance level of committee’s members at the meeting;
                                     12. Brief description of the implementation of activities in the
                                         fiscal year;
                                     13. In the event that no Nomination and Remuneration Committee is
                                         formed, the company only needs to disclose the information as
                                         mentioned to in point No. 9-12, and also disclose:
                                         a. Reasons for not forming the committee; and
                                         b. The party carrying out the nomination and remuneration
                                             function.




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             Kriteria                                              Penjelasan                                     Halaman
             Criteria                                             Descriptions                                      Page

Komite-komite lain yang dimiliki     Paling sedikit memuat:                                                       182-195
perusahaan      dalam       rangka   1. Nama dan jabatannya dalam keanggotaan komite;
mendukung    fungsi    dan   tugas   2. Usia;
Dewan Komisaris dan Direksi          3. Kewarganegaraan;
                                     4. Riwayat pendidikan;
                                     5. Riwayat jabatan, meliputi informasi:
                                         a. Dasar hukum penunjukan sebagai anggota komite;
                                         b. Rangkap jabatan, baik sebagai anggota Dewan Komisaris,
                                            anggota Direksi, dan/atau anggota komite, serta jabatan
                                            lainnya (jika ada); dan
                                         c. Pengalaman kerja beserta periode waktunya, baik di dalam
                                            maupun di luar perusahaan;
                                     6. Periode dan masa jabatan komite;
                                     7. Pernyataan independensi komite;
                                     8. Pelatihan dan/atau peningkatan kompetensi yang diikuti dalam
                                         tahun buku (jika ada);
                                     9. Uraian tugas dan tanggung jawab;
                                     10. Pernyataan bahwa telah memiliki pedoman atau piagam
                                         (charter);
                                     11. Kebijakan dan pelaksanaan frekuensi rapat komite serta tingkat
                                         kehadiran anggota komite dalam rapat tersebut; dan
                                     12. Uraian singkat pelaksanaan kegiatan pada tahun buku.
Other committees that the company    At least contains:
has in place to support the          1. Name and position within the committee membership;
functions and duties of the Board    2. Age;
of Commissioners and the Board of    3. Citizenship;
Directors                            4. Educational background;
                                     5. History of position, including information on:
                                         a. Legal basis of appointment as committee member;
                                         b. Concurrent position, as member of Board of Commissioners,
                                            member of Board of Directors, and/or member of committee,
                                            and other position (if any); and
                                         c. Work experience and work period in and outside the company;
                                     6. Period and terms of office of the committee;
                                     7. Statement of independence of the committee;
                                     8. Competency training and/or development attended in the fiscal
                                         year (if any);
                                     9. Description of duties and responsibilities;
                                     10. A statement that the committee has guideline or charter;
                                     11. Policies and implementation of the committee’s meeting frequency
                                         and attendance level of committee’s members at the meeting;
                                         and
                                     12. A brief description of the committee’s activities for the fiscal year.

Sekretaris Perusahaan                Paling sedikit memuat:                                                       195-199
                                     1. Nama;
                                     2. Domisili;
                                     3. Riwayat jabatan, meliputi:
                                         a. Dasar hukum penunjukan sebagai Sekretaris Perusahaan; dan
                                         b. Pengalaman kerja beserta periode waktunya, baik di dalam
                                             maupun di luar perusahaan;
                                     4. Riwayat pendidikan;
                                     5. Pendidikan dan/atau peningkatan kompetensi yang diikuti dalam
                                         tahun buku; dan
                                     6. Uraian singkat pelaksanaan tugas Sekretaris Perusahaan pada
                                         tahun buku.
Corporate Secretary                  At least contains:
                                     1. Name;
                                     2. Domicile;
                                     3. History of position, including information on:
                                         a. Legal basis of appointment as Corporate Secretary; and
                                         b. Work experience and work period in and outside the company;
                                     4. Educational background;
                                     5. Education and/or competency development programs attended
                                         in the fiscal year; and
                                     6. Brief description on the implementation of Corporate Secretary’s
                                         duties during the fiscal year.




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               Kriteria                                                  Penjelasan                                     Halaman
               Criteria                                                 Descriptions                                      Page

Unit Audit Internal                        Paling sedikit memuat:                                                       200-203
                                           1. Nama Kepala Unit Audit Internal;
                                           2. Riwayat jabatan, meliputi:
                                               a. Dasar hukum penunjukan sebagai Kepala Unit Audit Internal;
                                               b. Pengalaman kerja beserta periode waktunya, baik di dalam
                                                   maupun di luar perusahaan;
                                           3. Kualifikasi atau sertifikasi sebagai profesi audit internal (jika ada);
                                           4. Pendidikan dan/atau peningkatan kompetensi yang diikuti dalam
                                               tahun buku;
                                           5. Struktur dan kedudukan Unit Audit Internal;
                                           6. Uraian tugas dan tanggung jawab;
                                           7. Pernyataan telah memiliki pedoman atau piagam (charter) Unit
                                               Audit Internal; dan
                                           8. Uraian singkat pelaksanaan tugas Unit Audit Internal pada tahun
                                               buku, termasuk kebijakan dan pelaksanaan frekuensi rapat
                                               dengan Dewan Komisaris, Direksi, dan/atau Komite Audit.
Internal Audit Unit                        At least contains:
                                           1. Name of Head of Internal Audit Unit;
                                           2. History of position, including information on:
                                               a. Legal basis of appointment as Head of Internal Audit Unit;
                                               b. Work experience and work period in and outside the company;
                                           3. Qualification or certification as internal auditor (if any);
                                           4. Education and/or competency development programs attended
                                               in the fiscal year;
                                           5. Structure and position of Internal Audit Unit;
                                           6. Description of duties and responsibilities;
                                           7. Statement that the Internal Audit Unit already has Internal Audit
                                               Unit charter; and
                                           8. Brief description on the implementation of Internal Audit Unit’s
                                               duties during the fiscal year, including the meeting frequency
                                               with the Board of Commissioners, Board of Directors, and/or Audit
                                               Committee.

Uraian      mengenai              sistem   Paling sedikit memuat:                                                         204
pengendalian internal                      1. Pengendalian keuangan dan operasional, serta kepatuhan
                                               terhadap peraturan perundang-undangan lainnya;
                                           2. Tinjauan atas efektivitas sistem pengendalian internal; dan
                                           3. Pernyataan Direksi dan/atau Dewan Komisaris atas kecukupan
                                               sistem pengendalian internal.
Description on internal control system     At least contains:
                                           1. Financial and operational control, and compliance with other laws
                                               and regulations;
                                           2. Review on the effectiveness of internal control systems; and
                                           3. Statement of the Board of Directors and/or Board of Commissioners
                                               on the adequacy of the internal control system.

Uraian mengenai sistem manajemen           Paling sedikit memuat:                                                       205-214
risiko                                     1. Gambaran umum mengenai sistem manajemen risiko
                                               perusahaan;
                                           2. Jenis risiko dan cara pengelolaannya;
                                           3. Tinjauan atas efektivitas sistem manajemen risiko perusahaan;
                                               dan
                                           4. Pernyataan Direksi dan/atau Dewan Komisaris atau komite audit
                                               atas kecukupan sistem manajemen risiko.
Description   of      risk   management    At least contains:
system                                     1. General description about the company’s risk management
                                               system;
                                           2. Types of risk and the management;
                                           3. Review of the effectiveness of risk management system applied by
                                               the company; and
                                           4. Statement of the Board of Directors and/or the Board of
                                               Commissioners or the audit committee on the adequacy of the risk
                                               management system.




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              Kriteria                                               Penjelasan                                    Halaman
              Criteria                                              Descriptions                                     Page

Perkara hukum yang berdampak            Paling sedikit memuat:                                                       215
material    yang    dihadapi    oleh    1. Pokok perkara/gugatan;
perusahaan, Entitas Anak, anggota       2. Status penyelesaian perkara/gugatan; dan
Direksi dan anggota Dewan Komisaris     3. Pengaruhnya terhadap kondisi perusahaan.
(jika ada)
Legal cases that have a material        At least contains:
impact faced by the company,            1. Substance of the case/claim;
subsidiaries, members of the Board of   2. Status of settlement of case/claim; and
Directors and members of the Board      3. Impacts on the company’s condition.
of Commissioners (if any)

Sanksi administratif                    Informasi tentang sanksi administratif/sanksi yang dikenakan                 215
                                        kepada perusahaan, anggota Dewan Komisaris dan anggota Direksi,
                                        oleh Otoritas Jasa Keuangan dan otoritas lainnya pada tahun buku
                                        (jika ada).
Administrative sanctions                Information about administrative sanctions/sanctions imposed on
                                        the company, members of the Board of Commissioners, and members
                                        of the Board of Directors, by the Financial Services Authority and other
                                        authorities during the fiscal year (if any).

Kode Etik                               Meliputi:                                                                  215-219
                                        1. Pokok-pokok Kode Etik;
                                        2. Bentuk sosialisasi Kode Etik dan upaya penegakannya; dan
                                        3. Pernyataan bahwa Kode Etik berlaku bagi Dewan Komisaris, Direksi,
                                           dan karyawan perusahaan.
Code of Conduct                         Include:
                                        1. Key points of the Code of Conduct;
                                        2. Forms of dissemination of the Code of Conduct and its enforcement
                                           efforts; and
                                        3. Statement that the Code of Conduct is applicable to the Board
                                           of Commissioners, the Board of Directors, and employees of
                                           the company.

Kebijakan pemberian kompensasi          Antara lain berupa program kepemilikan saham oleh manajemen                219-220
jangka panjang berbasis kinerja         (management stock ownership program/MSOP) dan/atau program
kepada     manajemen  dan/atau          kepemilikan saham oleh karyawan (employee stock ownership
karyawan (jika ada)                     program/ESOP).

                                        Dalam hal pemberian kompensasi berupa ESOP/MSOP, informasi
                                        yang diungkapkan paling sedikit memuat:
                                        1. Jumlah saham dan/atau opsi;
                                        2. Jangka waktu pelaksanaan;
                                        3. Persyaratan karyawan dan/atau manajemen yang berhak; dan
                                        4. Harga pelaksanaan atau penentuan harga pelaksanaan.
Policy on providing performance-        This includes, among others, management stock ownership program
based long-term compensation to         (MSOP) and/or an employee stock ownership program (ESOP).
management and/or employees
(if any)                                In the event that compensation is given in the form of ESOP/MSOP, the
                                        information disclosed shall contain at least:
                                        1. Number of shares and/or options;
                                        2. Implementation period;
                                        3. Requirements for eligible employees and/or management; and
                                        4. Exercise price or determination of exercise price.

Kebijakan pengungkapan informasi        Mengenai:                                                                   72-73
                                        1. Kepemilikan saham anggota Direksi dan anggota Dewan Komisaris
                                           paling lambat 3 hari kerja setelah terjadinya kepemilikan atau
                                           setiap perubahan kepemilikan atas saham perusahaan; dan
                                        2. Pelaksanaan atas kebijakan dimaksud.
Information disclosure policy           Include:
                                        1. Share ownership of members of the Board of Directors and
                                           members of the Board of Commissioners no later than 3 working
                                           days after the occurrence of ownership or any change in ownership
                                           of shares of the company; and
                                        2. Implementation of the policy.




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               Kriteria                                               Penjelasan                                    Halaman
               Criteria                                              Descriptions                                     Page

Sistem     pelaporan    pelanggaran      Paling sedikit memuat:                                                     221-225
(whistleblowing system)                  1. Cara penyampaian laporan pelanggaran;
                                         2. Perlindungan bagi pelapor;
                                         3. Penanganan pengaduan;
                                         4. Pihak yang mengelola pengaduan; dan
                                         5. Hasil dari penanganan pengaduan, paling sedikit meliputi:
                                            a. Jumlah pengaduan yang masuk dan diproses dalam tahun
                                               buku; dan
                                            b. Tindak lanjut pengaduan.

                                         Catatan:
                                         Dalam hal perusahaan tidak memiliki sistem pelaporan pelanggaran
                                         (whistleblowing system), agar diungkapkan.
Whistleblowing system                    At least contains:
                                         1. Mechanism for violation reporting;
                                         2. Protection for the whistleblower;
                                         3. Handling of violation reports;
                                         4. Unit responsible for handling the violation report; and
                                         5. Results from violation report handling, at least includes:
                                             a. Number of complaints received and processed during the fiscal
                                                year; and
                                             b. Follow up of complaints.

                                         Note:
                                         If the company does not have a whistleblowing system, it shall
                                         be disclosed.

Kebijakan anti-korupsi                   Paling sedikit memuat:                                                       226
                                         1. Program dan prosedur yang dilakukan dalam mengatasi praktik
                                            korupsi, balas jasa (kickbacks), fraud, suap dan/atau gratifikasi
                                            dalam perusahaan; dan
                                         2. Pelatihan/sosialisasi anti korupsi kepada karyawan.

                                         Catatan:
                                         Dalam hal perusahaan tidak memiliki kebijakan anti-korupsi, agar
                                         dijelaskan alasan tidak dimilikinya kebijakan dimaksud.
Anti-corruption policy                   At least contains:
                                         1. Programs and procedures implemented in overcoming corrupt
                                             practices, kickbacks, fraud, bribery, and/or gratification in
                                             companies; and
                                         2. Anti-corruption training/dissemination to employees.

                                         Note:
                                         In the event that the company does not have an anti-corruption policy,
                                         the reasons for not having the said policy should be explained.

Penerapan atas Pedoman Tata              Meliputi:                                                                  230-235
Kelola Perusahaan Terbuka bagi           1. Pernyataan mengenai rekomendasi yang telah dilaksanakan;
perusahaan yang menerbitkan efek            dan/atau
bersifat ekuitas atau perusahaan         2. Penjelasan atas rekomendasi yang belum dilaksanakan, disertai
publik                                      alasan dan alternatif pelaksanaannya (jika ada).

                                         Catatan:
                                         Pengungkapan informasi dapat disajikan dalam bentuk tabel.
Implementation of the Guidelines         Include:
of Corporate Governance for Public       1. Statement regarding the recommendations that have been
Companies for Issuer issuing equity         implemented; and/or
securities or public company             2. Description of recommendations that have not been implemented,
                                            along with the reason and alternatives of implementation (if any).

                                         Note:
                                         Disclosure of information can be presented in tabular form.

Tanggung Jawab Sosial dan Lingkungan Perusahaan                                                                     236-242
Corporate Social and Environmental Responsibility

Surat Pernyataan Anggota Direksi dan Anggota Dewan Komisaris tentang Tanggung Jawab atas Laporan Tahunan              243
Statement of the Board of Directors and the Board of Commissioners regarding the Responsibility for Annual Report

Laporan Keuangan Tahunan yang Telah Diaudit                                                                           267
Audited Annual Financial Statements




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Page 269
PT Teladan Prima Agro Tbk
dan entitas anaknya/and its subsidiaries

Laporan keuangan konsolidasian tanggal 31 Desember 2024
dan untuk tahun yang berakhir pada tanggal tersebut
beserta laporan auditor independen/
Consolidated financial statements as of December 31, 2024
and for the year then ended with independent auditor’s report
Page 270
                                                                                  The original consolidated financial statements included herein are in the
                                                                                                                                     Indonesian language.


            PT TELADAN PRIMA AGRO TBK                                                      PT TELADAN PRIMA AGRO TBK
               DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
        LAPORAN KEUANGAN KONSOLIDASIAN                                                 CONSOLIDATED FINANCIAL STATEMENTS
            TANGGAL 31 DESEMBER 2024                                                         AS OF DECEMBER 31, 2024
       DAN UNTUK TAHUN YANG BERAKHIR PADA                                                       AND FOR THE YEAR
                TANGGAL TERSEBUT                                                                   THEN ENDED
       BESERTA LAPORAN AUDITOR INDEPENDEN                                              WITH INDEPENDENT AUDITOR’S REPORT


                                Daftar Isi                                                                 Table of Contents

                                                                       Halaman/
                                                                        Page
Pernyataan Direksi                                                                                                            Directors’ Statement

Laporan Auditor Independen                                                                                       Independent Auditor’s Report

                                                                                                                         Consolidated Statement of
Laporan Posisi Keuangan Konsolidasian .................                  1-3               ....................................... Financial Position

Laporan Laba Rugi dan Penghasilan                                                                   Consolidated Statement of Profit or Loss
    Komprehensif Lain Konsolidasian……………….                               4-5               ..............and Other Comprehensive Income

Laporan Perubahan Ekuitas                                                                             Consolidated Statement of Changes in
    Konsolidasian..................................................…      6                ........................................................ Equity

Laporan Arus Kas Konsolidasian……………………..                                  7                .......... Consolidated Statement of Cash Flows

                                                                                                           Notes to the Consolidated Financial
Catatan atas Laporan Keuangan Konsolidasian……                           8 - 84             ................................................ Statements


                                                              **************************
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Page 273
                                                             The original report included herein is in the Indonesian language.




Laporan Auditor Independen                                Independent Auditor’s Report

Laporan    No.    00257/2.1032/AU.1/01/1716-              Report No.           00257/2.1032/AU.1/01/1716-
4/1/III/2025                                              4/1/III/2025

Pemegang Saham, Dewan Komisaris, dan Direksi              The Shareholders and the                           Boards        of
PT Teladan Prima Agro Tbk                                 Commissioners and Directors
                                                          PT Teladan Prima Agro Tbk
Opini                                                     Opinion
Kami telah mengaudit laporan keuangan                     We have audited the accompanying consolidated
konsolidasian PT Teladan Prima Agro Tbk                   financial statements of PT Teladan Prima Agro
(”Perusahaan”)        dan     entitas      anaknya        Tbk (the “Company”) and its subsidiaries
(secara kolektif disebut sebagai ”Grup”) terlampir,       (collectively referred to as the “Group”), which
yang terdiri dari laporan posisi keuangan                 comprise the consolidated statement of financial
konsolidasian tanggal 31 Desember 2024, serta             position as of December 31, 2024, and the
laporan laba rugi dan penghasilan komprehensif            consolidated statement of profit or loss and other
lain konsolidasian, laporan perubahan ekuitas             comprehensive income, consolidated statement
konsolidasian, dan laporan arus kas konsolidasian         of changes in equity, and consolidated statement
untuk tahun yang berakhir pada tanggal tersebut,          of cash flows for the year then ended, and notes
serta    catatan      atas   laporan     keuangan         to the consolidated financial statements,
konsolidasian, termasuk informasi kebijakan               including material accounting policy information.
akuntansi material.
Menurut     opini    kami,   laporan    keuangan          In our opinion, the accompanying consolidated
konsolidasian terlampir menyajikan secara wajar,          financial statements present fairly, in all material
dalam semua hal yang material, posisi keuangan            respects, the consolidated financial position of
konsolidasian Grup tanggal 31 Desember 2024,              the Group as of December 31, 2024, and its
serta    kinerja   keuangan     dan   arus    kas         consolidated financial performance and cash
konsolidasiannya untuk tahun yang berakhir pada           flows for the year then ended, in accordance with
tanggal tersebut, sesuai dengan Standar Akuntansi         Indonesian Financial Accounting Standards.
Keuangan di Indonesia.
Basis opini                                               Basis for opinion
Kami melaksanakan audit kami berdasarkan                  We conducted our audit in accordance with
Standar Audit yang ditetapkan oleh Institut               Standards on Auditing established by the
Akuntan Publik Indonesia (“IAPI”). Tanggung jawab         Indonesian Institute of Certified Public
kami menurut standar tersebut diuraikan lebih             Accountants (“IICPA”). Our responsibilities under
lanjut dalam paragraf Tanggung Jawab Auditor              those standards are further described in the
terhadap     Audit   atas    Laporan    Keuangan          Auditor’s Responsibilities for the Audit of the
Konsolidasian pada laporan kami. Kami independen          Consolidated Financial Statements paragraph of
terhadap Grup berdasarkan ketentuan etika yang            our report. We are independent of the Group in
relevan dalam audit kami atas laporan keuangan            accordance with the ethical requirements
konsolidasian di Indonesia, dan kami telah                relevant to our audit of the consolidated financial
memenuhi tanggung jawab etika lainnya                     statements in Indonesia, and we have fulfilled our
berdasarkan ketentuan tersebut. Kami yakin                other ethical responsibilities in accordance with
bahwa bukti audit yang telah kami peroleh adalah          such requirements. We believe that the audit
cukup dan tepat untuk menyediakan suatu basis             evidence we have obtained is sufficient and
bagi opini kami.                                          appropriate to provide a basis for our opinion.




                                                      i
Page 274
                                                             The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                     Independent Auditor’s Report (continued)

Laporan No. 00257/2.1032/AU.1/01/1716-                    Report No. 00257/2.1032/AU.1/01/1716-
4/1/III/2025 (lanjutan)                                   4/1/III/2025 (continued)


Hal audit Utama                                           Key audit matters

Hal audit utama adalah hal-hal yang, menurut              Key audit matters are those matters that, in our
pertimbangan profesional kami, merupakan hal              professional judgment, were of most significance
yang paling signifikan dalam audit kami atas              in our audit of the consolidated financial
laporan keuangan konsolidasian periode kini. Hal          statements of the current period. Such key audit
audit utama tersebut disampaikan dalam konteks            matters were addressed in the context of our
audit kami atas laporan keuangan konsolidasian            audit of the consolidated financial statements
secara keseluruhan, dan dalam merumuskan opini            taken as a whole, and in forming our opinion
kami atas laporan keuangan konsolidasian terkait,         thereon, and we do not provide a separate
dan kami tidak menyatakan suatu opini terpisah            opinion on such key audit matters. For the key
atas hal audit utama tersebut. Untuk hal audit            audit matter below, our description of how our
utama di bawah ini, penjelasan kami tentang               audit addressed such key audit matter is provided
bagaimana audit kami merespons hal tersebut               in such context.
disampaikan dalam konteks tersebut.

Kami telah memenuhi tanggung jawab yang                   We have fulfilled the responsibilities described in
diuraikan dalam paragraf Tanggung Jawab Auditor           the Auditor’s Responsibilities for the Audit of the
terhadap     Audit   atas   Laporan     Keuangan          Consolidated Financial Statements paragraph of
Konsolidasian pada laporan kami, termasuk                 our report, including in relation to the key audit
sehubungan dengan hal audit utama yang                    matter communicated below. Accordingly, our
dikomunikasikan di bawah ini. Oleh karena itu,            audit included the performance of procedures
audit kami mencakup pelaksanaan prosedur yang             designed to respond to our assessment of the
didesain untuk merespons penilaian kami atas              risks of material misstatement of the
risiko kesalahan penyajian material dalam laporan         accompanying          consolidated        financial
keuangan konsolidasian terlampir. Hasil prosedur          statements. The results of our audit procedures,
audit kami, termasuk prosedur yang dilakukan              including the procedures performed to address
untuk merespons hal audit utama di bawah ini,             the key audit matter below, provide the basis for
menyediakan basis bagi opini kami atas laporan            our opinion on the accompanying consolidated
keuangan konsolidasian terlampir.                         financial statements.

Pengakuan pendapatan                                      Revenue recognition

Penjelasan atas hal audit utama:                          Description of the key audit matter:

Pendapatan Grup untuk tahun yang berakhir pada            The Group’s revenue for the year ended
tanggal    31     Desember      2024       sebesar        December      31,    2024,     amounting     to
Rp4.211.481.582.276,        merupakan       ukuran        Rp4,211,481,582,276, is an important measure
penting yang digunakan untuk mengevaluasi                 used to evaluate the Group’s performance and is
kinerja Grup dan merupakan faktor utama yang              the primary driving factor for profitability. It
mendorong profitabilitas. Pendapatan ini terutama         primarily comprises revenue from the sales of
merupakan penjualan minyak kelapa sawit dan inti          crude palm oil and palm kernels, which is
kelapa sawit yang dicatat ketika kendali atas             recognized when control of the goods is
barang tersebut dialihkan ke pelanggan pada               transferred to the customers at an amount that
jumlah yang mencerminkan imbalan yang                     reflects the consideration to which the Group
diharapkan Grup dapat diperoleh sebagai                   expects to be entitled in exchange for those
pertukaran atas barang tersebut.                          goods.


                                                     ii
Page 275
                                                           The original report included herein is in the Indonesian language.



Laporan Auditor Independen (lanjutan)                   Independent Auditor’s Report (continued)

Laporan No. 00257/2.1032/AU.1/01/1716-                  Report No. 00257/2.1032/AU.1/01/1716-
4/1/III/2025 (lanjutan)                                 4/1/III/2025 (continued)


Hal audit utama (lanjutan)                              Key audit matters (continued)

Pengakuan pendapatan (lanjutan)                         Revenue recognition (continued)

Penjelasan atas hal audit utama: (lanjutan)             Description of the key audit matter: (continued)

Pendapatan mungkin diakui secara tidak tepat            Revenues may be inappropriately recognized to
untuk meningkatkan hasil usaha dan mencapai             enhance business results and achieve revenue
pertumbuhan pendapatan sejalan dengan tujuan            growth in line with the objectives of the Group,
Grup, sehingga meningkatkan risiko salah saji           thereby increasing the risk of material
material. Karena signifikansi keuangannya,              misstatement. Due to its financial significance,
kesalahan penyajian atas pendapatan dapat               misstatement in revenue can have a substantial
memiliki dampak substansial pada laporan                impact on the overall consolidated financial
keuangan konsolidasian secara keseluruhan dan           statements and the decisions made by
keputusan yang dibuat oleh para pemangku                stakeholders. Accordingly, revenue recognition
kepentingan. Oleh karena itu, pengakuan                 is a key audit matter to us. Notes 2 and 15 to the
pendapatan merupakan hal audit utama bagi kami.         accompanying consolidated financial statements
Catatan 2 dan 15 pada laporan keuangan                  provide the relevant disclosures on the Group’s
konsolidasian terlampir menyajikan pengungkapan         revenue.
atas pendapatan Grup.

Respons audit:                                          Audit response

Kami mengevaluasi dan menguji rancangan dan             We evaluated and assessed the design and
efektivitas kendali utama atas proses pendapatan.       operating effectiveness of the key controls over
Kami melakukan pengujian rinci atas transaksi-          the revenue process. We performed detailed
transaksi pisah batas untuk memastikan bahwa            testing on cut-off transactions to ensure that
pendapatan diakui pada periode yang tepat. Kami         revenues were recognized in the correct period.
melakukan pengujian rinci atas transaksi                We performed test of details of the revenue
pendapatan dengan melakukan verifikasi ke               transactions by verifying to the supporting
dokumen pendukungnya untuk memastikan                   documents to ensure the occurrence of the
keterjadian atas pendapatan serta telah diakui          revenue and whether it has been recognized in
sesuai dengan standar akuntansi yang berlaku dan        accordance with the applicable accounting
dicatat pada periode yang tepat.                        standards and recorded in the proper period.

Kami juga melakukan pengujian rinci dengan              We also performed test of details by identifying
menentukan akun buku besar yang digunakan               which general ledger accounts are used to post
untuk mencatat entri antara pendapatan, piutang         entries between revenue, trade receivables and
usaha, dan kas dan bank, serta menggunakan              cash and banks and use the correlation (journal
korelasi (pencatatan entri jurnal) antara tiga akun     entry postings) between three accounts to
tersebut untuk melakukan kembali (reperform)            reperform the posting of journal entries. We
pencatatan entri jurnal. Kami melengkapi prosedur       supplemented this procedure with testing of the
ini dengan pengujian informasi yang dihasilkan oleh     information produced by the Group over cash
Grup atas entri jurnal kas untuk memastikan bahwa       journal entries to ensure they are real cash from
kas tersebut adalah kas sebenarnya yang berasal         customers.      We      also    evaluated      the
dari pelanggan. Kami juga mengevaluasi kepatutan        appropriateness      and    adequacy     of    the
dan kecukupan penyajian dan pengungkapan yang           presentation and relevant disclosures in the
relevan dalam catatan atas laporan keuangan             notes to the accompanying consolidated financial
konsolidasian terlampir.                                statements.


                                                  iii
Page 276
                                                           The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                   Independent Auditor’s Report (continued)

Laporan No. 00257/2.1032/AU.1/01/1716-                  Report No. 00257/2.1032/AU.1/01/1716-
4/1/III/2025 (lanjutan)                                 4/1/III/2025 (continued)


Informasi lain                                          Other information

Manajemen bertanggung jawab atas informasi lain.        Management is responsible for the other
Informasi lain terdiri dari informasi yang tercantum    information. Other information comprises the
dalam Laporan Tahunan 2024 (“Laporan                    information included in the 2024 Annual Report
Tahunan”) selain laporan keuangan konsolidasian         (“Annual Report”) other than the accompanying
terlampir dan laporan auditor independen kami.          consolidated financial statements and our
Laporan Tahunan diharapkan akan tersedia bagi           independent auditor’s report thereon. The
kami setelah tanggal laporan auditor independen         Annual Report is expected to be made available
ini.                                                    to us after the date of this independent auditor’s
                                                        report.

Opini kami atas laporan keuangan konsolidasian          Our opinion on the accompanying consolidated
terlampir tidak mencakup Laporan Tahunan, dan           financial statements does not cover the Annual
oleh karena itu, kami tidak menyatakan bentuk           Report, and accordingly, we do not express any
keyakinan apapun atas Laporan Tahunan tersebut.         form of assurance on the Annual Report.

Sehubungan dengan audit kami atas laporan               In connection with our audit of the accompanying
keuangan konsolidasian terlampir, tanggung jawab        consolidated       financial   statements,   our
kami adalah untuk membaca Laporan Tahunan               responsibility is to read the Annual Report when
ketika tersedia dan, dalam pelaksanaannya,              it becomes available and, in doing so, consider
mempertimbangkan apakah Laporan Tahunan                 whether the Annual Report is materially
mengandung      ketidakkonsistensian    material        inconsistent with the accompanying consolidated
dengan laporan keuangan konsolidasian terlampir         financial statements or our knowledge obtained
atau pemahaman yang kami peroleh selama audit,          in the audit, or otherwise appears to be
atau mengandung kesalahan penyajian material.           materially misstated.

Ketika kami membaca Laporan Tahunan, jika kami          When we read the Annual Report, if we conclude
menyimpulkan bahwa terdapat suatu kesalahan             that there is a material misstatement therein, we
penyajian material di dalamnya, kami diharuskan         are required to communicate the matter to those
untuk mengomunikasikan hal tersebut kepada              charged with governance and take appropriate
pihak yang bertanggung jawab atas tata kelola dan       actions based on the applicable laws and
melakukan tindakan yang tepat berdasarkan               regulations.
peraturan perundang-undangan yang berlaku.

Tanggung jawab manajemen dan pihak yang                 Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap             charged with governance for the consolidated
laporan keuangan konsolidasian                          financial statements

Manajemen bertanggung jawab atas penyusunan             Management is responsible for the preparation
dan    penyajian   wajar   laporan   keuangan           and fair presentation of the consolidated
konsolidasian tersebut sesuai dengan Standar            financial statements in accordance with
Akuntansi Keuangan di Indonesia, dan atas               Indonesian Financial Accounting Standards, and
pengendalian internal yang dianggap perlu oleh          for such internal control as management
manajemen untuk memungkinkan penyusunan                 determines is necessary to enable the
laporan keuangan konsolidasian yang bebas dari          preparation of consolidated financial statements
kesalahan penyajian material, baik yang                 that are free from material misstatement,
disebabkan oleh kecurangan maupun kesalahan.            whether due to fraud or error.



                                                   iv
Page 277
                                                          The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                  Independent Auditor’s Report (continued)

Laporan No. 00257/2.1032/AU.1/01/1716-                 Report No. 00257/2.1032/AU.1/01/1716-
4/1/III/2025 (lanjutan)                                4/1/III/2025 (continued)


Tanggung jawab manajemen dan pihak yang                Responsibilities of management and those
bertanggung jawab atas tata kelola terhadap            charged with governance for the consolidated
laporan keuangan konsolidasian (lanjutan)              financial statements (continued)

Dalam      penyusunan       laporan      keuangan      In preparing the consolidated financial
konsolidasian, manajemen bertanggung jawab             statements, management is responsible for
untuk    menilai    kemampuan       Grup      dalam    assessing the Group’s ability to continue
mempertahankan        kelangsungan       usahanya,     as a going concern, disclosing, as applicable,
mengungkapkan, sesuai dengan kondisinya, hal-hal       matters related to going concern and using the
yang berkaitan dengan kelangsungan usaha, dan          going concern basis of accounting, unless
menggunakan basis akuntansi kelangsungan               management either intends to liquidate the
usaha, kecuali manajemen memiliki intensi untuk        Group or to cease its operations or has no
melikuidasi Grup atau menghentikan operasinya          realistic alternative but to do so.
atau tidak memiliki alternatif yang realistis selain
melaksanakannya.

Pihak yang bertanggung jawab atas tata kelola          Those charged with governance are responsible
bertanggung jawab untuk mengawasi proses               for overseeing the Group’s financial reporting
pelaporan keuangan Grup.                               process.

Tanggung jawab auditor terhadap audit atas             Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian                         consolidated financial statements

Tujuan kami adalah untuk memeroleh keyakinan           Our objectives are to obtain reasonable
memadai tentang apakah laporan keuangan                assurance about whether the consolidated
konsolidasian secara keseluruhan bebas dari            financial statements taken as a whole are free
kesalahan penyajian material, baik yang                from material misstatement, whether due to
disebabkan oleh kecurangan maupun kesalahan,           fraud or error, and to issue an independent
dan     untuk    menerbitkan    laporan    auditor     auditor’s report that includes our opinion.
independen yang mencakup opini kami. Keyakinan         Reasonable assurance is a high level of
memadai merupakan suatu tingkat keyakinan              assurance, but is not a guarantee that an audit
tinggi, namun bukan merupakan suatu jaminan            conducted in accordance with Standards on
bahwa audit yang dilaksanakan berdasarkan              Auditing established by the IICPA will always
Standar Audit yang ditetapkan oleh IAPI akan           detect a material misstatement when it exists.
selalu mendeteksi kesalahan penyajian material         Misstatements can arise from fraud or error and
ketika hal tersebut ada. Kesalahan penyajian dapat     are considered material if, individually or in the
disebabkan oleh kecurangan maupun kesalahan            aggregate, they could reasonably be expected to
dan dianggap material jika, baik secara individual     influence the economic decisions of users taken
maupun agregat, dapat diekspektasikan secara           on the basis of these consolidated financial
wajar akan memengaruhi keputusan ekonomi yang          statements.
diambil oleh pengguna berdasarkan laporan
keuangan konsolidasian tersebut.




                                                   v
Page 278
                                                       The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)               Independent Auditor’s Report (continued)

Laporan No. 00257/2.1032/AU.1/01/1716-              Report No. 00257/2.1032/AU.1/01/1716-
4/1/III/2025 (lanjutan)                             4/1/III/2025 (continued)


Tanggung jawab auditor terhadap audit atas          Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan)           consolidated financial statements (continued)

Sebagai bagian dari suatu audit berdasarkan         As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami       on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan             professional judgment and maintain professional
mempertahankan skeptisisme profesional selama       skepticism throughout the audit. We also:
audit. Kami juga:

   Mengidentifikasi dan menilai risiko kesalahan       Identify and assess the risks of material
   penyajian material dalam laporan keuangan           misstatement of the consolidated financial
   konsolidasian, baik yang disebabkan oleh            statements, whether due to fraud or error,
   kecurangan maupun kesalahan, mendesain              design and perform audit procedures
   dan melaksanakan prosedur audit yang                responsive to such risks, and obtain audit
   responsif terhadap risiko tersebut, serta           evidence that is sufficient and appropriate to
   memeroleh bukti audit yang cukup dan tepat          provide a basis for our opinion. The risk of
   untuk menyediakan basis bagi opini kami.            not detecting a material misstatement
   Risiko tidak terdeteksinya suatu kesalahan          resulting from fraud is higher than for one
   penyajian material yang disebabkan oleh             resulting from error, as fraud may involve
   kecurangan lebih tinggi dari yang disebabkan        collusion, forgery, intentional omissions,
   oleh kesalahan, karena kecurangan dapat             misrepresentations, or override of internal
   melibatkan kolusi, pemalsuan, penghilangan          control.
   secara sengaja, pernyataan salah, atau
   pengabaian atas pengendalian internal.

   Memeroleh suatu pemahaman tentang                   Obtain an understanding of internal control
   pengendalian internal yang relevan dengan           relevant to the audit in order to design audit
   audit untuk mendesain prosedur audit yang           procedures that are appropriate in the
   tepat sesuai dengan kondisinya, tetapi bukan        circumstances, but not for the purpose of
   untuk tujuan menyatakan opini atas                  expressing an opinion on the effectiveness of
   keefektivitasan pengendalian internal Grup.         the Group’s internal control.

   Mengevaluasi ketepatan kebijakan akuntansi          Evaluate the appropriateness of accounting
   yang digunakan serta kewajaran estimasi             policies used and the reasonableness of
   akuntansi dan pengungkapan terkait yang             accounting estimates and related disclosures
   dibuat oleh manajemen.                              made by management.




                                               vi
Page 279
                                                        The original report included herein is in the Indonesian language.




Laporan Auditor Independen (lanjutan)                Independent Auditor’s Report (continued)

Laporan No. 00257/2.1032/AU.1/01/1716-               Report No. 00257/2.1032/AU.1/01/1716-
4/1/III/2025 (lanjutan)                              4/1/III/2025 (continued)


Tanggung jawab auditor terhadap audit atas           Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan)            consolidated financial statements (continued)

Sebagai bagian dari suatu audit berdasarkan          As part of an audit in accordance with Standards
Standar Audit yang ditetapkan oleh IAPI, kami        on Auditing established by the IICPA, we exercise
menerapkan pertimbangan profesional dan              professional judgment and maintain professional
mempertahankan skeptisisme profesional selama        skepticism throughout the audit. We also:
audit. Kami juga: (lanjutan)                         (continued)

   Menyimpulkan ketepatan penggunaan basis              Conclude on the appropriateness of
   akuntansi     kelangsungan      usaha   oleh         management's use of the going concern basis
   manajemen dan, berdasarkan bukti audit yang          of accounting and, based on the audit
   diperoleh,     apakah      terdapat    suatu         evidence obtained, whether a material
   ketidakpastian material yang terkait dengan          uncertainty exists related to events or
   peristiwa    atau    kondisi     yang  dapat         conditions that may cast significant doubt on
   menyebabkan keraguan signifikan atas                 the Group's ability to continue as a going
   kemampuan Grup untuk mempertahankan                  concern. If we conclude that a material
   kelangsungan      usahanya.     Ketika  kami         uncertainty exists, we are required to draw
   menyimpulkan       bahwa     terdapat  suatu         attention in our independent auditor's report
   ketidakpastian material, kami diharuskan             to the related disclosures in the consolidated
   untuk menarik perhatian dalam laporan auditor        financial statements or, if such disclosures
   independen kami ke pengungkapan terkait              are inadequate, to modify our opinion. Our
   dalam laporan keuangan konsolidasian atau,           conclusion is based on the audit evidence
   jika pengungkapan tersebut tidak memadai,            obtained up to the date of our independent
   memodifikasi opini kami. Kesimpulan kami             auditor's report. However, future events or
   didasarkan pada bukti audit yang diperoleh           conditions may cause the Group to cease to
   hingga tanggal laporan auditor independen            continue as a going concern.
   kami. Namun, peristiwa atau kondisi masa
   depan dapat menyebabkan Grup tidak dapat
   mempertahankan kelangsungan usahanya.

   Mengevaluasi penyajian, struktur, dan isi            Evaluate the overall presentation, structure
   laporan keuangan konsolidasian secara                and content of the consolidated financial
   keseluruhan, termasuk pengungkapannya, dan           statements, including the disclosures, and
   apakah laporan keuangan konsolidasian                whether      the    consolidated    financial
   mencerminkan transaksi dan peristiwa yang            statements represent the underlying
   mendasarinya dengan suatu cara yang                  transactions and events in a manner that
   mencapai penyajian wajar.                            achieves fair presentation.

   Memeroleh bukti audit yang cukup dan tepat           Obtain sufficient appropriate audit evidence
   terkait informasi keuangan entitas atau              regarding the financial information of the
   aktivitas bisnis dalam Grup untuk menyatakan         entities or business activities within the
   opini atas laporan keuangan konsolidasian.           Group to express an opinion on the
   Kami bertanggung jawab atas arahan,                  consolidated financial statements. We are
   supervisi, dan pelaksanaan audit grup. Kami          responsible for the direction, supervision and
   tetap bertanggung jawab sepenuhnya atas              performance of the group audit. We remain
   opini kami.                                          solely responsible for our opinion.


                                               vii
Page 280
                                                           The original report included herein is in the Indonesian language.



Laporan Auditor Independen (lanjutan)                   Independent Auditor’s Report (continued)

Laporan No. 00257/2.1032/AU.1/01/1716-                  Report No. 00257/2.1032/AU.1/01/1716-
4/1/III/2025 (lanjutan)                                 4/1/III/2025 (continued)

Tanggung jawab auditor terhadap audit atas              Auditor’s responsibilities for the audit of the
laporan keuangan konsolidasian (lanjutan)               consolidated financial statements (continued)
Kami mengomunikasikan kepada pihak yang                 We communicate with those charged with
bertanggung jawab atas tata kelola mengenai,            governance regarding, among other matters, the
antara lain, ruang lingkup dan saat yang                planned scope and timing of the audit and
direncanakan atas audit serta temuan audit              significant audit findings, including any
signifikan, termasuk setiap defisiensi signifikan       significant deficiencies in internal control that we
dalam     pengendalian      internal   yang kami        identify during our audit.
teridentifikasi oleh kami selama audit.
Kami juga memberikan suatu pernyataan kepada            We also provide those charged with governance
pihak yang bertanggung jawab atas tata kelola           with a statement that we have complied with
bahwa kami telah mematuhi ketentuan etika               relevant    ethical  requirements    regarding
yang relevan mengenai independensi, dan                 independence, and to communicate with them all
mengomunikasikan kepada pihak tersebut seluruh          relationships and other matters that may
hubungan, serta hal-hal lain yang dianggap secara       reasonably be thought to bear on our
wajar berpengaruh terhadap independensi kami,           independence, and where applicable, related
dan, jika relevan, pengamanan terkait.                  safeguards.
Dari hal-hal yang dikomunikasikan kepada pihak          From the matters communicated with those
yang bertanggung jawab atas tata kelola, kami           charged with governance, we determine those
menentukan hal-hal tersebut yang paling signifikan      matters that were of most significance in the
dalam audit atas laporan keuangan konsolidasian         audit of the consolidated financial statements of
periode kini dan oleh karenanya menjadi hal audit       the current period and are therefore the key
utama.     Kami menguraikan hal audit utama             audit matters. We describe such key audit
tersebut dalam laporan auditor independen kami          matters in our independent auditor’s report
kecuali peraturan perundang-undangan melarang           unless laws or regulations preclude public
pengungkapan publik tentang hal audit utama             disclosure about such key audit matters or when,
tersebut atau ketika, dalam kondisi yang sangat         in extremely rare circumstances, we determine
jarang terjadi, kami menentukan bahwa suatu hal         that a key audit matter should not be
audit utama tidak boleh dikomunikasikan dalam           communicated in our independent auditor’s
laporan auditor independen kami karena                  report because the adverse consequences of
konsekuensi        yang      merugikan        dari      doing so would reasonably be expected to
mengomunikasikan        hal    tersebut      akan       outweigh the public interest benefits of such
diekspektasikan secara wajar melebihi manfaat           communication.
kepentingan publik atas komunikasi tersebut.


                                KAP Purwantono, Sungkoro & Surja




                                           Dede Rusli
        Registrasi Akuntan Publik No. AP.1716/Public Accountant Registration No. AP.1716

                                  20 Maret 2025/March 20, 2025




                                                 viii
Page 281
                                                                                           The original consolidated financial statements included herein
                                                                                                                         are in the Indonesian language.


              PT TELADAN PRIMA AGRO TBK                                                       PT TELADAN PRIMA AGRO TBK
                  DAN ENTITAS ANAKNYA                                                             AND ITS SUBSIDIARIES
                      LAPORAN POSISI                                                         CONSOLIDATED STATEMENT OF
               KEUANGAN KONSOLIDASIAN                                                              FINANCIAL POSITION
                 Tanggal 31 Desember 2024                                                        As of December 31, 2024
              (Disajikan dalam Ribuan Rupiah,                                               (Expressed in Thousands of Rupiah,
                  Kecuali Dinyatakan Lain)                                                       Unless Otherwise Stated)



                                                                       Catatan/
                                                    2024                Notes                 2023

Aset                                                                                                                                            Assets

Aset Lancar                                                                                                                          Current Assets

Kas dan setara kas                                486.587.666             4                   583.295.262                Cash and cash equivalents
Piutang usaha                                                             7                                                      Trade receivables
   Pihak berelasi                                      223.498           19                      6.354.632                         Related party
   Pihak ketiga                                     56.960.268                                  26.413.940                          Third parties
Piutang lain-lain                                                                                                                Other receivables
   Pihak berelasi                                 331.384.307            19                   336.769.550                        Related parties
   Pihak ketiga                                    29.706.304             7                    29.711.530                           Third parties
Aset biologis                                     246.862.988             6                   191.390.113                         Biological assets
Persediaan                                        523.750.067             5                   304.228.782                               Inventories
Pajak dibayar di muka                              21.278.884            11                    32.434.984                            Prepaid taxes
Biaya dibayar di muka
   dan uang muka                                    69.825.837                                103.400.197         Prepaid expenses and advances

Total Aset Lancar                               1.766.579.819                               1.613.998.990                      Total Current Assets

Aset Tidak Lancar                                                                                                               Non-current Assets

                                                                                                                                       Advances for
Uang muka perolehan aset tetap                      47.093.902                                  44.487.451               fixed assets acquisitions
Tagihan pajak dan keberatan atas                                                                                       Claims for tax refund and tax
   hasil pemeriksaan pajak                         72.148.255            3,11                  86.925.257              assessments under appeal
Aset pajak tangguhan                                        -            3,11                   7.663.982                       Deferred tax assets
Aset hak-guna                                     476.331.521            3,10                 513.983.948                       Right-of-use assets
Aset tetap                                      3.091.514.623              8                2.944.315.830                               Fixed assets
Piutang plasma                                    197.155.510             3,7                 197.919.665                       Plasma receivables
Aset tidak lancar lainnya                          13.621.589                                  14.504.271                  Other non-current assets

Total Aset Tidak Lancar                         3.897.865.400                               3.809.800.404                Total Non-current Assets

Total Aset                                      5.664.445.219                               5.423.799.394                                Total Assets




   Catatan atas laporan keuangan konsolidasian terlampir merupakan                The accompanying notes to the consolidated financial statements form
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   an integral part of these consolidated financial statements.
                           secara keseluruhan.

                                                                         1
Page 282
                                                                                           The original consolidated financial statements included herein
                                                                                                                         are in the Indonesian language.


             PT TELADAN PRIMA AGRO TBK                                                        PT TELADAN PRIMA AGRO TBK
                 DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
              LAPORAN POSISI KEUANGAN                                                        CONSOLIDATED STATEMENT OF
               KONSOLIDASIAN (lanjutan)                                                      FINANCIAL POSITION (continued)
                Tanggal 31 Desember 2024                                                         As of December 31, 2024
             (Disajikan dalam Ribuan Rupiah,                                                (Expressed in Thousands of 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                            20.000.000          12,22                               -                Short-term bank loans
Utang usaha                                                              9,22                                                       Trade payables
   Pihak ketiga                                   475.678.969                                 426.154.768                            Third parties
   Pihak berelasi                                  78.204.622            19                   119.909.504                         Related parties
Utang lain-lain                                                          22                                                         Other payables
   Pihak ketiga                                    29.678.356                                  50.355.977                            Third parties
   Pihak berelasi                                     188.010             19                       85.208                         Related parties
Liabilitas kontrak                                244.349.757             15                  330.744.099                         Contract liabilities
Beban akrual                                       16.591.409            9,22                  11.437.394                        Accrued expenses
Liabilitas imbalan kerja                                                                                              Short-term employee benefits
   jangka pendek                                    83.490.212            13                    65.892.483                                 liability
Utang pajak                                         87.112.196           3,11                   70.615.380                           Taxes payable
Bagian jangka pendek dari:                                                22                                                     Current portion of:
   Liabilitas sewa                                199.794.595            3,10                 170.865.599                         Lease liabilities
   Utang bank jangka panjang                      337.603.441             12                  443.624.000                  Long-term bank loans

Total Liabilitas Jangka Pendek                  1.572.691.567                               1.689.684.412                  Total Current Liabilities


Liabilitas Jangka Panjang                                                                                                   Non-Current Liabilities

Liabilitas sewa                                   301.588.471           10,22                 359.928.270                           Lease liabilities
Utang bank jangka panjang                         181.827.695           12,22                 518.290.234                    Long-term bank loans
Liabilitas pajak tangguhan                        143.803.964            11                    94.077.020                     Deferred tax liabilities
Liabilitas imbalan kerja                          273.544.477            13                   254.310.364                 Employee benefits liability
Liabilitas jangka panjang lainnya                  46.171.045            21                    49.232.109                Other non-current liabilities

Total Liabilitas Jangka Panjang                   946.935.652                               1.275.837.997            Total Non-Current Liabilities

Total Liabilitas                                2.519.627.219                               2.965.522.409                            Total Liabilities




   Catatan atas laporan keuangan konsolidasian terlampir merupakan                The accompanying notes to the consolidated financial statements form
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   an integral part of these consolidated financial statements.
                           secara keseluruhan.

                                                                         2
Page 283
                                                                                           The original consolidated financial statements included herein
                                                                                                                         are in the Indonesian language.


             PT TELADAN PRIMA AGRO TBK                                                        PT TELADAN PRIMA AGRO TBK
                 DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
              LAPORAN POSISI KEUANGAN                                                        CONSOLIDATED STATEMENT OF
               KONSOLIDASIAN (lanjutan)                                                      FINANCIAL POSITION (continued)
                Tanggal 31 Desember 2024                                                         As of December 31, 2024
             (Disajikan dalam Ribuan Rupiah,                                                (Expressed in Thousands of Rupiah,
                 Kecuali Dinyatakan Lain)                                                        Unless Otherwise Stated)



                                                                       Catatan/
                                                  2024                  Notes                 2023

Ekuitas                                                                                                                                       Equity
Ekuitas yang Dapat diatribusikan                                                                                          Equity Attributable to the
  kepada Pemilik Entitas Induk                                                                                              Owners of the Parent
Modal saham - nilai nominal                                                                                        Share capital - Rp100 par value
  Rp100 per saham (nilai penuh)                                                                                            per share (full amount)
  Modal dasar -                                                                                                                        Authorized -
        49.000.000.000 saham                                                                                          49,000,000,000 shares
  Modal ditempatkan dan                                                                                                      Issued and fully paid
        disetor penuh -                                                                                                         share capital -
        12.946.530.200 saham                    1.294.653.020            14                 1.294.653.020            12,946,530,200 shares
Tambahan modal disetor                            149.759.824            14                   149.759.824                 Additional paid-in capital
Selisih atas akuisisi                                                                                                              Difference arising
  kepentingan                                                                                                                  from acquisition of
  nonpengendali                                          99.604           1                          99.604               non-controlling interest
Saldo laba                                                                                                                        Retained earnings
  Cadangan umum                                     3.010.000            14                     2.010.000        Appropriated for general reserve
  Belum ditentukan penggunaannya                1.697.253.176                               1.011.718.966                          Unappropriated

                                                3.144.775.624                               2.458.241.414

Kepentingan Nonpengendali                                42.376                                      35.571                 Non-controlling Interests

Total Ekuitas                                   3.144.818.000                               2.458.276.985                                Total Equity

Total Liabilitas dan Ekuitas                    5.664.445.219                               5.423.799.394              Total Liabilities and Equity




   Catatan atas laporan keuangan konsolidasian terlampir merupakan                The accompanying notes to the consolidated financial statements form
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   an integral part of these consolidated financial statements.
                           secara keseluruhan.

                                                                         3
Page 284
                                                                                           The original consolidated financial statements included herein
                                                                                                                         are in the Indonesian language.


          PT TELADAN PRIMA AGRO TBK                                                        PT TELADAN PRIMA AGRO TBK
              DAN ENTITAS ANAKNYA                                                              AND ITS SUBSIDIARIES
               LAPORAN LABA RUGI                                                            CONSOLIDATED STATEMENT
       DAN PENGHASILAN KOMPREHENSIF                                                             OF PROFIT OR LOSS
               LAIN KONSOLIDASIAN                                                       AND OTHER COMPREHENSIVE INCOME
      Untuk Tahun yang Berakhir pada Tanggal                                                      For the Year Ended
                  31 Desember 2024                                                                December 31, 2024
          (Disajikan dalam Ribuan Rupiah,                                             (Expressed in Thousands of Rupiah, Unless
              Kecuali Dinyatakan Lain)                                                               Otherwise Stated)



                                                                       Catatan/
                                                  2024                  Notes                 2023

Pendapatan dari kontrak                                                                                                     Revenue from contracts
  dengan pelanggan                             4.211.481.582             15              4.007.082.262                          with customers

Beban pokok penjualan                         (2.755.325.142)            16             (2.936.768.825)                            Cost of goods sold

Laba bruto                                     1.456.156.440                             1.070.313.437                                   Gross profit

Laba atas perubahan                                                                                                 Gain arising from changes in
  nilai wajar aset biologis                       86.257.943              6                  1.388.500          fair value of biological assets
Beban penjualan dan distribusi                  (173.790.397)            17               (203.651.847)         Selling and distribution expenses
Beban umum dan administrasi                     (258.644.456)            17               (206.433.614)      General and administrative expenses
Penghasilan operasi lain                          33.191.027             17                 72.647.748                    Other operating income
Beban operasi lain                               (33.021.840)            17                (24.238.421)                Other operating expenses

Laba usaha                                     1.110.148.717                               710.025.803                              Operating profit

Penghasilan keuangan                              16.002.417             18                 18.664.886                               Finance income
Beban keuangan                                   (67.775.383)            18               (107.541.676)                            Finance expenses

Laba sebelum pajak penghasilan                 1.058.375.751                               621.149.013                    Profit before income tax

Beban pajak penghasilan                         (232.781.687)           3,11              (169.355.280)                          Income tax expense

Laba tahun berjalan                              825.594.064                               451.793.733                            Profit for the year

Penghasilan komprehensif lain                                                                                       Other comprehensive income

Pos yang tidak akan direklasifikasi                                                                                Item that will not be reclassified
  ke laba rugi:                                                                                                                    to profit or loss:
  Pengukuran kembali                                                                                                          Re-measurement of
     liabilitas imbalan kerja, neto               19.308.050           11,13                 1.232.622            employee benefits liability, net

Penghasilan komprehensif lain                                                                                       Other comprehensive income
  tahun berjalan setelah pajak                    19.308.050                                 1.232.622                   for the year, net of tax

Total penghasilan                                                                                                   Total comprehensive income
  komprehensif tahun berjalan                    844.902.114                               453.026.355                            for the year




   Catatan atas laporan keuangan konsolidasian terlampir merupakan                The accompanying notes to the consolidated financial statements form
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   an integral part of these consolidated financial statements.
                           secara keseluruhan.

                                                                         4
Page 285
                                                                                           The original consolidated financial statements included herein
                                                                                                                         are in the Indonesian language.


            PT TELADAN PRIMA AGRO TBK                                                      PT TELADAN PRIMA AGRO TBK
                DAN ENTITAS ANAKNYA                                                            AND ITS SUBSIDIARIES
                 LAPORAN LABA RUGI                                                          CONSOLIDATED STATEMENT
         DAN PENGHASILAN KOMPREHENSIF                                                     OF PROFIT OR LOSS AND OTHER
            LAIN KONSOLIDASIAN (lanjutan)                                               COMPREHENSIVE INCOME (continued)
        Untuk Tahun yang Berakhir pada Tanggal                                                    For the Year Ended
                    31 Desember 2024                                                              December 31, 2024
            (Disajikan dalam Ribuan Rupiah,                                           (Expressed in Thousands of Rupiah, Unless
                Kecuali Dinyatakan Lain)                                                             Otherwise Stated)



                                                                       Catatan/
                                                  2024                  Notes               2023

Laba tahun berjalan                                                                                                             Profit for the year
  yang dapat diatribusikan kepada:                                                                                               attributable to:
  Pemilik entitas induk                          825.587.405                               451.789.538                      Owners of the parent
  Kepentingan nonpengendali                            6.659                                     4.195                    Non-controlling interests

Total                                            825.594.064                               451.793.733                                            Total


Total penghasilan                                                                                                           Total comprehensive
  komprehensif tahun berjalan                                                                                                income for the year
  yang dapat diatribusikan kepada:                                                                                               attributable to:
  Pemilik entitas induk                          844.895.309                               453.022.191                      Owners of the parent
  Kepentingan nonpengendali                            6.805                                     4.164                    Non-controlling interests

Total                                            844.902.114                               453.026.355                                            Total


Laba per saham dasar yang                                                                                                  Basic earnings per share
  dapat diatribusikan kepada                                                                                                        attributable to
  pemilik entitas induk                                                                                                   the owners of the parent
  (angka penuh)                                          63,77           20                        34,90                              (full amount)




   Catatan atas laporan keuangan konsolidasian terlampir merupakan                The accompanying notes to the consolidated financial statements form
   bagian yang tidak terpisahkan dari laporan keuangan konsolidasian                   an integral part of these consolidated financial statements.
                           secara keseluruhan.

                                                                         5
Page 286
                                                                                                                                                                                                                                        The original consolidated financial statements included herein are in the Indonesian language.



                                                      PT TELADAN PRIMA AGRO TBK                                                                                                                                      PT TELADAN PRIMA AGRO TBK
                                                         DAN ENTITAS ANAKNYA                                                                                                                                             AND ITS SUBSIDIARIES
                                            LAPORAN PERUBAHAN EKUITAS KONSOLIDASIAN                                                                                                                       CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
                                        Untuk Tahun yang Berakhir pada Tanggal 31 Desember 2024                                                                                                                   For the Year Ended December 31, 2024
                                         (Disajikan dalam Ribuan Rupiah, Kecuali Dinyatakan Lain)                                                                                                      (Expressed in Thousands of Rupiah, Unless Otherwise Stated)

                                                                                         Ekuitas yang Dapat Diatribusikan kepada Pemilik Entitas Induk/
                                                                                                  Equity Attributable to the Owners of the Parent

                                                                                                        Selisih atas                              Saldo Laba/
                                                                                                         Akuisisi                               Retained Earnings
                                                             Modal                                    Kepentingan
                                                         Ditempatkan             Tambahan            Nonpengendali/
                                                          dan Disetor              Modal                Difference
                                                            Penuh/                Disetor/             Arising from          Cadangan               Belum                                      Kepentingan
                                                          Issued and             Additional           Acquisition of           Umum/              Ditentukan                                  Nonpengendali/
                                          Catatan/         Fully Paid             Paid-in            Non-controlling       Appropriated for     Penggunaannya/           Sub-total/           Non-controlling         Total Ekuitas/
                                           Notes         Share Capital            Capital                Interest          General Reserve      Unappropriated           Sub-total              Interests              Total Equity


Saldo 1 Januari 2023                                        1.294.653.020           149.759.824                99.604              1.010.000             734.453.587       2.179.976.035                 31.407             2.180.007.442                                           Balance as of Januari 1, 2023


Laba tahun berjalan                                                      -                     -                       -                   -             451.789.538         451.789.538                  4.195               451.793.733                                                         Profit for the year

Penghasilan komprehensif lain                                            -                     -                       -                   -                1.232.653          1.232.653                     (31)               1.232.622                                             Other comprehensive income

Total penghasilan komprehensif                                                                                                                                                                                                                                                        Total comprehensive income
   tahun berjalan                                                        -                     -                       -                   -             453.022.191         453.022.191                   4.164              453.026.355                                                         for the year


Dividen kas                                  14                          -                     -                       -                   -             (174.756.812)      (174.756.812 )                      -            (174.756.812)                                                           Cash dividend

Pembentukan cadangan umum                    14                          -                     -                       -           1.000.000               (1.000.000)                  -                       -                         -                                       Appropriation for general reserve

Saldo 31 Desember 2023                                      1.294.653.020           149.759.824                99.604              2.010.000         1.011.718.966         2.458.241.414                 35.571             2.458.276.985                                      Balance as of December 31, 2023


Laba tahun berjalan                                                      -                     -                       -                   -             825.587.405         825.587.405                  6.659               825.594.064                                                         Profit for the year

Penghasilan komprehensif lain                                            -                     -                       -                   -              19.307.904          19.307.904                    146                19.308.050                                             Other comprehensive income

Total penghasilan komprehensif                                                                                                                                                                                                                                                        Total comprehensive income
   tahun berjalan                                                        -                     -                       -                   -             844.895.309         844.895.309                  6.805               844.902.114                                                         for the year


Dividen kas                                  14                          -                     -                       -                   -             (158.361.099)      (158.361.099 )                      -            (158.361.099)                                                           Cash dividend

Pembentukan cadangan umum                    14                          -                     -                       -           1.000.000               (1.000.000)                  -                       -                         -                                       Appropriation for general reserve

Saldo 31 Desember 2024                                      1.294.653.020           149.759.824                99.604              3.010.000         1.697.253.176         3.144.775.624                 42.376             3.144.818.000                                      Balance as of December 31, 2024




 Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.                                 The accompanying notes to the consolidated financial statements form an integral part of these consolidated financial statements.


                                                                                                                                                                   6
Page 287
                                                                                          The original consolidated financial statements included herein are in
                                                                                                                                     the Indonesian language.


           PT TELADAN PRIMA AGRO TBK                                                            PT TELADAN PRIMA AGRO TBK
               DAN ENTITAS ANAKNYA                                                                  AND ITS SUBSIDIARIES
       LAPORAN ARUS KAS KONSOLIDASIAN                                                     CONSOLIDATED STATEMENT OF CASH FLOWS
       Untuk Tahun yang Berakhir pada Tanggal                                                         For the Year Ended
                   31 Desember 2024                                                                   December 31, 2024
           (Disajikan dalam Ribuan Rupiah,                                                    (Expressed in Thousands of Rupiah,
               Kecuali Dinyatakan Lain)                                                            Unless Otherwise Stated)



                                                                               Catatan/
                                                          2024                  Notes                 2023

Arus Kas dari                                                                                                                               Cash Flows from
Aktivitas Operasi                                                                                                                        Operating Activities
Pendapatan dari pelanggan                               4.100.672.046                              4.140.969.384                      Revenue from customers
Pembayaran kepada pemasok                              (2.180.063.369)                            (2.109.908.839)                       Payments to suppliers
Pembayaran untuk karyawan,                                                                                                            Payments for employees,
  beban usaha dan lain-lain                              (616.613.757)                               (477.441.704)                     operations and others

Kas yang diperoleh dari operasi                         1.303.994.920                              1.553.618.841             Cash generated from operations
Penerimaan bunga                                           16.205.297                                  13.143.615                       Receipts of interest
Pembayaran bunga                                          (67.036.355)                                (99.550.955)                     Payments of interest
Penerimaan tagihan pajak                                   54.976.040                                  28.926.161           Receipt of claims for tax refund
Pembayaran pajak penghasilan badan                       (167.882.826)                               (182.491.922)        Payments of corporate income tax
Kas neto yang diperoleh dari                                                                                                             Net cash provided by
  aktivitas operasi                                     1.140.257.076                              1.313.645.740                         operating activities

Arus Kas dari                                                                                                                               Cash Flows from
Aktivitas Investasi                                                                                                                       Investing Activities
                                                                                                                                     Advances for fixed assets
Uang muka perolehan aset tetap                            (13.187.692)                                (16.254.982)                               acquisitions
Perolehan aset tetap                                     (393.987.058)                8              (382.987.766)                    Additions to fixed assets
Penerimaan dari pelepasan                                                                                                              Proceeds from disposal
  aset tetap                                                    595.539               8                  2.723.630                            of fixed assets
Penambahan                                                                                                                                         Additions to
  piutang plasma                                            (9.396.622)                               (11.050.217)                       plasma receivables
Penambahan bibitan                                            (480.921)                                  (536.272)                         Additions to nursery
Pengurangan/(penambahan)                                                                                                             Decrease of/(additions to)
  beban tangguhan                                               985.424                                 (1.985.085)                         deferred charges

Kas neto yang digunakan                                                                                                                       Net cash used in
  untuk aktivitas investasi                              (415.471.330)                               (410.090.692)                        investing activities

Arus Kas dari Aktivitas                                                                                                                  Cash Flows from
Pendanaan                                                                                                                             Financing Activities
Pembayaran liabilitas sewa                               (239.550.638)            10,22              (178.991.377)             Repayments of lease liabilities
Penerimaan utang bank                                      20.000.000              22                           -                 Proceeds from bank loans
Pembayaran utang bank                                    (443.624.000)            12,22              (554.050.000)                Repayments of bank loans
Pembayaran dividen kas                                   (158.361.099)             14                (174.756.812)                 Payment of cash dividend
Kas neto yang digunakan untuk                                                                                                                 Net cash used in
  aktivitas pendanaan                                    (821.535.737)                               (907.798.189)                        financing activities
Penurunan Neto                                                                                                                            Net Decrease in
Kas dan Setara Kas                                         (96.749.991)                                 (4.243.141)             Cash and Cash Equivalents

Dampak Neto Perubahan                                                                                                                  Net Effect of Exchange
Nilai Tukar atas                                                                                                                            Rate Changes on
Kas dan Setara Kas                                               42.395                                      (16.123)              Cash and Cash Equivalents

Kas dan Setara Kas                                                                                                                 Cash and Cash Equivalents
Awal Tahun                                                583.295.262                 4               587.554.526                        At Beginning of Year
Kas dan Setara Kas                                                                                                              Cash and Cash Equivalents
Akhir Tahun                                               486.587.666                 4               583.295.262                          At End of Year




  Catatan atas laporan keuangan konsolidasian terlampir merupakan bagian yang tidak          The accompanying notes to the consolidated financial statements form an
         terpisahkan dari laporan keuangan konsolidasian secara keseluruhan.                         integral part of these consolidated financial statements.


                                                                                      7
Page 288
                                                              The original consolidated financial statements include herein are in the
                                                                                                                Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                        PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                        As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                            and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


1.   UMUM                                                    1.   GENERAL

     Pendirian Perusahaan                                         Establishment of the Company

     PT Teladan Prima Agro Tbk (“Perusahaan”)                     PT Teladan Prima Agro Tbk (the “Company”) was
     didirikan di Republik Indonesia pada tanggal 10 Mei          established in the Republic of Indonesia on May 10,
     2004 berdasarkan Akta Notaris Imas Fatimah,                  2004 based on the Notarial Deed No. 22 of Imas
     S.H., No. 22. Akta pendirian ini disahkan oleh               Fatimah, S.H., The deed of establishment was
     Menteri Kehakiman dan Hak Asasi Manusia dalam                approved by the Minister of Justice and Human
     Surat Keputusan No. C-12966 HT.01.01.TH.2004                 Rights in its Decision Letter No. C-12966
     tanggal                 24 Mei 2004 dan diumumkan            HT.01.01.TH.2004 dated                 May 24, 2004,
     dalam Lembaran Berita Negara Republik                        and was published in State Gazette No. 6803,
     Indonesia No. 6803, Tambahan No. 57 tanggal                  Supplement No.        57 dated July 16, 2004.
     16 Juli 2004. Anggaran Dasar Perusahaan telah                The Company’s Articles of Association have been
     mengalami beberapa kali perubahan, terakhir                  amended several times, the most recent of which
     dengan Akta Notaris Jose Dima Satria, S.H.,                  was covered by the Notarial Deed No. 211 dated
     M.Kn., No. 211 tanggal                           23          November 23, 2021 of Jose Dima Satria, S.H.,
     November 2021, mengenai perubahan nama                       M.Kn., concerning change of the Company’s name,
     Perusahaan, pemecahan nilai nominal saham,                   stock split par value of shares, increase of the
     peningkatan modal dasar, penerbitan saham baru               authorized share capital, issuance of the Company’s
     Perusahaan dari dalam simpanan, serta perubahan              new shares in portepel and the change of the
     maksud dan tujuan serta            kegiatan usaha            Company’s aims and objectives as well as business
     Perusahaan. Perubahan tersebut telah disetujui               activities. The said amendment was approved by the
     oleh Menteri Hukum dan Hak Asasi Manusia dalam               Minister of Law and Human Rights in Letter No.
     Surat No. AHU-0067695.AH.01.02.Tahun 2021                    AHU-0067695.AH.01.02.Tahun           2021      dated
     tanggal 26 November 2021.                                    November 26, 2021.

     Sesuai dengan Pasal 3 Anggaran Dasar                         As stated in Article 3 of the Company’s Articles of
     Perusahaan, ruang lingkup kegiatan usaha                     Association, the scope of activities of the Company
     Perusahaan meliputi aktivitas kantor pusat, aktivitas        comprises businesses involving head office activity,
     perusahaan     investasi,    aktivitas   konsultasi          holding company activity, other management
     manajemen lainnya dan perdagangan besar. Saat                consultation activity and general trade. Currently,
     ini Perusahaan menempatkan investasi pada                    the Company invests in subsidiaries.
     beberapa entitas anak.

     Perusahaan berkedudukan di Jakarta dengan                    The Company is domiciled in Jakarta with its office
     alamat kantor di Jl. T.B. Simatupang No. 41, Jakarta         address at Jl. T.B. Simatupang No. 41, South
     Selatan, sedangkan perkebunan kelapa sawit                   Jakarta, while oil palm plantations of its subsidiaries
     entitas anak berlokasi di Kabupaten Berau,                   are located in Berau District, Kutai Timur District,
     Kabupaten Kutai Timur, Kabupaten Kutai                       Kutai Kartanegara District and Paser District,
     Kartanegara dan Kabupaten Paser, Propinsi                    Province of East Kalimantan.
     Kalimantan Timur.

     Di samping mengelola perkebunannya sendiri,                  In addition to the development of its own plantations,
     entitas anak juga mengembangkan perkebunan di                the subsidiaries are developing plantations on
     atas tanah yang dimiliki petani kecil setempat               behalf of local smallholders (plasma plantations) in
     (perkebunan plasma) sesuai dengan pola                       line with the “nucleus-plasma” plantation scheme
     perkebunan “inti-plasma” yang dipilih pada saat              that was selected when the subsidiaries develop
     entitas-entitas anak melakukan pengembangan                  their plantations.
     perkebunan.

     PT Teladan Resources (“TR”) adalah entitas induk             PT Teladan Resources (“TR”) is the parent of the
     Perusahaan, sedangkan PT Teladan Pusaka adalah               Company, while PT Teladan Pusaka is the ultimate
     entitas induk terakhir Perusahaan.                           parent of the Company.




                                                         8
Page 289
                                                                                             The original consolidated financial statements include herein are in the
                                                                                                                                               Indonesian language.


             PT TELADAN PRIMA AGRO TBK                                                                   PT TELADAN PRIMA AGRO TBK
                 DAN ENTITAS ANAKNYA                                                                         AND ITS SUBSIDIARIES
                CATATAN ATAS LAPORAN                                                                     NOTES TO THE CONSOLIDATED
              KEUANGAN KONSOLIDASIAN                                                                        FINANCIAL STATEMENTS
              Tanggal 31 Desember 2024 dan                                                                   As of December 31, 2024
     untuk Tahun yang Berakhir pada Tanggal Tersebut                                                       and for the Year then Ended
             (Disajikan dalam Ribuah Rupiah,                                                           (Expressed in Thousands of Rupiah,
                 Kecuali Dinyatakan Lain)                                                                   Unless Otherwise Stated)


     1.    UMUM (lanjutan)                                                                  1.     GENERAL (continued)

          Penyelesaian Laporan Keuangan Konsolidasian                                              Completion       of    the     Consolidated          Financial
                                                                                                   Statements

          Manajemen bertanggung jawab atas penyusunan                                              The management is responsible for the preparation
          dan penyajian laporan keuangan konsolidasian ini,                                        and presentation of the consolidated financial
          yang telah diselesaikan dan disetujui untuk                                              statements, which were completed and authorized
          diterbitkan oleh direksi Perusahaan pada tanggal                                         for issuance by the Company’s directors on
          20 Maret 2025.                                                                           March 20, 2025.

          Kepentingan Dalam Entitas Lain                                                           Interest in Other Entities

          Perusahaan mempunyai kendali pada entitas anak                                           The Company has               control       in the following
          berikut:                                                                                 subsidiaries:
                                                                                                                      Mulai
                                                                                                                     operasi      Total aset sebelum eliminasi/
                                                                                       Persentase kepemilikan/      komersial/         Total assets before
                                                                                       Percentage of ownership       Start of              elimination
                   Entitas Anak/              Domisili/         Jenis usaha/                                       commercial
                   Subsidiaries               Domicile        Nature of business         2024           2023       operations           2024              2023
          PT Tanjung Buyu Perkasa             Jakarta       Perkebunan kelapa sawit/     99,9986       99,9986         2009           1.083.299.217     1.058.169.691
           Plantation (TBPP)                                Oil palm plantations
          PT Telen (TLN)                      Jakarta       Perkebunan kelapa sawit/     99,9995       99,9995         2010           1.258.387.459     1.253.037.980
                                                            Oil palm plantations
          PT Telen Prima Sawit (TPS)          Jakarta       Perkebunan kelapa sawit/     99,9999       99,9999         2011            924.680.007        871.754.003
                                                            Oil palm plantations
          PT Sawit Prima Nusantara (SPN)      Jakarta       Perkebunan kelapa sawit/     99,9984       99,9984         2012            337.081.921        350.057.720
                                                            Oil palm plantations
          PT Inti Energi Kaltim (IEK)         Jakarta       Perkebunan kelapa sawit/     99,9979       99,9979         2012            294.060.131        270.312.719
                                                            Oil palm plantations
          PT Gemilang Sejahtera Abadi         Jakarta       Perkebunan kelapa sawit/     99,9993       99,9993         2012            694.857.201        629.815.808
           (GSA)                                            Oil palm plantations
          PT Daya Lestari (DL)                Jakarta       Pembangkit listrik/          99,9976       99,9976         2012             58.248.313         48.716.843
                                                            Power plant
          PT Cahaya Anugerah Plantation       Jakarta       Perkebunan kelapa sawit/     99,9993       99,9993         2013           1.119.604.126     1.163.536.547
           (CAP)                                            Oil palm plantations
          PT Multi Jayantara Abadi (MJA)      Jakarta       Perkebunan kelapa sawit/     99,9999       99,9999         2011            792.234.171        691.962.149
                                                            Oil palm plantations


          Manajemen Kunci dan Informasi Lainnya                                                    Key Management and Other Information

           Susunan anggota Dewan Komisaris dan Direksi                                             The members of the Company’s Boards of
           Perusahaan serta Komite Audit adalah sebagai                                            Commissioners and Directors and Audit Committee
           berikut:                                                                                are as follows:
                                                                2024                                   2023
          Dewan Komisaris                                                                                                            Board of Commissioners
          Komisaris Utama                                Indracahya Basuki                       Indracahya Basuki                     President Commissioner
          Komisaris                                        Widiyanti Putri*)                       Widiyanti Putri                               Commissioner
          Komisaris Independen                          Iwa Kartiwa Hudaya                      Iwa Kartiwa Hudaya                  Independent Commissioner

          Direksi                                                                                                                              Board of Directors
          Direktur Utama                              Wishnu Wardhana                        Wishnu Wardhana                                    President Director
          Direktur                                        Mahirudin                              Mahirudin                                                Director
          Direktur                                     Imam Syaifullah                        Imam Syaifullah                                             Director
          Direktur                                       Noor Falich                            Noor Falich                                               Director
          Direktur                                  Yayan Handian Ginanjar                 Yayan Handian Ginanjar                                         Director
          Direktur                                   Santos Ibrahim Noor                    Santos Ibrahim Noor                                           Director

          Komite Audit                                                                                                                          Audit Committee
          Ketua                                         Iwa Kartiwa Hudaya                      Iwa Kartiwa Hudaya                                     Chairman
          Anggota                                        Djalaludin Djaprie                      Djalaludin Djaprie                                     Member
          Anggota                                          Iman Subekti                            Iman Subekti                                         Member
*)
     mengundurkan diri sejak 21 Oktober 2024/Resigned since October 21, 2024



                                                                                   9
Page 290
                                                                               The original consolidated financial statements include herein are in the
                                                                                                                                 Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                                           PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                                           As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                               and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                                   (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                                           Unless Otherwise Stated)


1.   UMUM (lanjutan)                                                         1.     GENERAL (continued)

     Manajemen         Kunci   dan   Informasi      Lainnya                         Key Management                and      Other      Information
     (lanjutan)                                                                     (continued)

     Pada tanggal 31 Desember 2024 dan 2023, Grup                                   As of December 31, 2024 and 2023, the Group has
     memiliki karyawan tetap masing-masing sejumlah                                 10,815 and 10,372 permanent employees,
     10.815 dan 10.372 orang (tidak diaudit).                                       respectively (unaudited).

     Penawaran Umum dan Aksi Korporasi yang                                         Public Offering and Corporate Actions Affecting
     Mempengaruhi Modal Saham yang Ditempatkan                                      Issued and Fully Paid Share Capital
     dan Disetor Penuh

     Aksi korporasi yang mempengaruhi efek yang                                     A summary of the Company’s corporate actions
     diterbitkan (corporate action) sejak penawaran                                 from the date of its initial public offering up to
     umum perdana saham sampai dengan tanggal                                       December 31, 2024, is as follows:
     31 Desember 2024, adalah sebagai berikut:
                                                                                                                                     Nilai nominal per
                                                                                                         Jumlah saham                   saham (nilai
                                                                                                        ditempatkan dan                    penuh)/
                                                                                                            beredar/                     Par value
         Tanggal/                                  Keterangan/                                          Number of shares                 per share
           Date                                    Description                                       issued and outstanding            (full amount)

            12 April 2022/                 Penawaran umum perdana saham 517.861.200 saham/
            April 12, 2022                           Initial public offering of 517,861,200 shares              12.946.530.200                           100


     Seluruh saham perusahaan telah tercatat pada                                   All of the Company’s shares are listed in the
     Bursa Efek Indonesia.                                                          Indonesia Stock Exchange.


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                                  2.     SUMMARY OF MATERIAL                            ACCOUNTING
     MATERIAL                                                                       POLICIES INFORMATION

     Dasar    Penyajian          Laporan         Keuangan                           Basis of Presentation of Consolidated Financial
     Konsolidasian                                                                  Statements
     Laporan keuangan konsolidasian telah disusun                                   The consolidated financial statements have been
     sesuai dengan Standar Akuntansi Keuangan di                                    prepared in accordance with Indonesian Financial
     Indonesia, yang mencakup Pernyataan dan                                        Accounting Standards, which comprise the
     Interpretasi yang dikeluarkan oleh Dewan Standar                               Statements and Interpretations issued by the
     Akuntansi Keuangan Ikatan Akuntan Indonesia                                    Financial Accounting Standards Board of the
     (DSAK IAI), dan Peraturan-Peraturan serta                                      Indonesian Institute of Chartered Accountants
     Pedoman Penyajian dan Pengungkapan Laporan                                     (Dewan Standar Akuntansi Keuangan Ikatan
     Keuangan yang diterbitkan oleh Otoritas Jasa                                   Akuntan Indonesia or DSAK IAI) and the
     Keuangan (“OJK”).                                                              Regulations and Guidelines on Financial Statement
                                                                                    Presentation and Disclosures issued by Financial
                                                                                    Services Authority (Otoritas Jasa Keuangan or
                                                                                    “OJK”).
     Laporan     keuangan     konsolidasian   disusun                               The consolidated financial statements have been
     berdasarkan konsep akrual, kecuali laporan arus                                prepared on the accrual basis, except for the
     kas konsolidasian, dengan menggunakan konsep                                   consolidated statement of cash flows, using the
     biaya historis, kecuali seperti yang disebutkan                                historical cost concept of accounting, except as
     dalam     Catatan    atas   laporan    keuangan                                disclosed in the relevant Notes to the consolidated
     konsolidasian yang relevan.                                                    financial statements herein.
     Laporan arus kas konsolidasian yang disajikan                                  The consolidated statements of cash flows which
     dengan      menggunakan       metode     langsung,                             have been presented using the direct method,
     menyajikan penerimaan dan pengeluaran kas dan                                  present receipts and disbursements of cash and
     setara kas yang diklasifikasikan ke dalam aktivitas                            cash equivalents classified into operating, investing
     operasi, investasi dan pendanaan.                                              and financing activities.


                                                               10
Page 291
                                                             The original consolidated financial statements include herein are in the
                                                                                                               Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                       PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                       As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                           and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                               (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                 2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                         POLICIES INFORMATION (continued)

     Dasar    Penyajian       Laporan         Keuangan           Basis of Presentation of Consolidated Financial
     Konsolidasian (lanjutan)                                    Statements (continued)

     Kebijakan akuntansi yang diterapkan oleh                    The accounting policies adopted by the Company
     Perusahaan dan entitas anak (secara kolektif dirujuk        and its subsidiaries (collectively referred to as the
     sebagai “Grup") adalah selaras bagi tahun yang              “Group”) are consistently applied for the years
     dicakup oleh laporan keuangan konsolidasian,                covered by the consolidated financial statements,
     kecuali untuk standar akuntansi revisi seperti              except for the revised accounting standards as
     diungkapkan pada bagian berikut Catatan ini.                disclosed in the following paragraphs of this Note.

     Grup    telah menyusun    laporan  keuangan                 The Group has prepared the consolidated financial
     konsolidasian dengan dasar bahwa Grup akan                  statements on the basis that it will continue as a
     mempertahankan kelangsungan usaha.                          going concern.

     Perubahan Kebijakan Akuntansi                               Changes in Accounting Principles
     Grup menerapkan pertama kali standar yang direvisi          The Group made first time adoption of the revised
     yang berlaku efektif untuk periode yang dimulai             standards effective for the periods beginning on or
     pada atau setelah 1 Januari 2024:                           after January 1, 2024:

         Nomenklatur Standar Akuntansi Keuangan                        Financial Accounting Standards Nomenclature

         Nomenklatur revisian diatur ulang dan diubah                  The revised nomenclature is reordered and
         sebagaimana yang dipublikasikan oleh DSAK                     amended based on those as published by
         IAI untuk periode keuangan yang dimulai pada                  DSAK IAI for financial periods beginning on and
         dan setelah tanggal 1 Januari 2024.                           after January 1, 2024.

         Amandemen PSAK 201: Penyajian Laporan                         Amendment of PSAK 201: Presentation of
         Keuangan - Liabilitas Jangka Panjang dengan                   Financial Statement - Non-current Liabilities
         Kovenan                                                       with Covenants
          Amandemen ini menentukan persyaratan untuk                   The amandments specify the requirements for
         mengklasifikasikan suatu liabilitas sebagai                   classifying liabilities as current or non-current
         jangka pendek atau jangka panjang dan                         and clarify:
         menjelaskan:
             hal yang dimaksud sebagai hak untuk                             what is meant by a right to defer
             menangguhkan pelunasan,                                         settlement,
             hak untuk menangguhkan pelunasan                                the right to defer must exist at the end of
             harus ada pada akhir periode pelaporan.                         the reporting period,
             klasifikasi tersebut tidak dipengaruhi oleh                     classification is not affected by the
             kemungkinan entitas akan menggunakan                            likelihood that an entity will exercise its
             haknya untuk menangguhkan liabilitas,                           deferral right, and
             dan
             hanya jika derivatif melekat pada liabilitas                    only if an embedded derivative in a
             konversi tersebut adalah suatu instrumen                        convertible liability is considered as an
             ekuitas, maka syarat dan ketentuan dari                         equity instrument, the terms of the liability
             suatu liabilitas konversi tidak akan                            would not affect its classification as current
             berdampak pada klasifikasinya.                                  or non-current.

         Selain   itu,   entitas  diwajibkan   untuk                   In addition, an entity is required to disclose
         mengungkapkan ketika kewajiban, yang timbul                   when a liability, arising from a loan agreement,
         dari perjanjian pinjaman, diklasifikasikan                    is classified as non-current and the entity’s right
         sebagai tidak lancar dan hak entitas untuk                    to defer settlement is subject to compliance with
         menunda penyelesaian bergantung pada                          future covenants within twelve months.
         kepatuhan terhadap kovenan di masa depan
         dalam jangka waktu dua belas bulan.



                                                       11
Page 292
                                                            The original consolidated financial statements include herein are in the
                                                                                                              Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                      PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                      As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                          and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                              (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                        POLICIES INFORMATION (continued)

     Perubahan Kebijakan Akuntansi (lanjutan)                   Changes in Accounting Principles (continued)

         Amandemen PSAK 201: Penyajian Laporan                        Amendment of PSAK 201: Presentation of
         Keuangan - Liabilitas Jangka Panjang dengan                  Financial Statement - Non-current Liabilities
         Kovenan (lanjutan)                                           with Covenants (continued)

         Amandemen ini tidak diharapkan akan                          The amendments are not expected to have an
         memberikan dampak terhadap    laporan                        impact on the Group’s consolidated financial
         keuangan konsolidasian Grup.                                 statements.

         Amendemen PSAK 116: Sewa - Liabilitas Sewa                   Amendment of PSAK 116: Leases -                       Lease
         dalam Jual Beli dan Sewa-balik                               Liability in a Sale and Leaseback

          Amandemen ini menetapkan persyaratan yang                   The amendment specifies the requirements that
         digunakan penjual-penyewa dalam mengukur                     a seller-lessee uses in measuring the lease
         kewajiban sewa yang timbul dalam transaksi                   liability arising in a sale and leaseback
         jual beli dan sewa-balik, untuk memastikan                   transaction, to ensure the seller-lessee does
         penjual-penyewa tidak mengakui jumlah setiap                 not recognise any amount of the gain or loss
         keuntungan atau kerugian yang terkait dengan                 that relates to the right of use it retains.
         hak guna yang dipertahankan.

         Amandemen ini tidak diharapkan akan                          The amendments are not expected to have an
         memberikan dampak terhadap    laporan                        impact on the Group’s consolidated financial
         keuangan konsolidasian Grup.                                 statements.

         Amandemen PSAK 207: Laporan Arus Kas dan                     Amendment of PSAK 207: Statement of Cash
         PSAK     107:   Instrumen     Keuangan:                      Flows and PSAK 107: Financial Instruments:
         Pengungkapan - Pengaturan Pembiayaan                         Disclosures - Supplier Finance Arrangements
         Pemasok

         Amandemen ini mengklarifikasi karakteristik                  The amendments to PSAK 207 and PSAK 107
         pengaturan     pembiayaan        pemasok    dan              clarify the characteristics of supplier finance
         mensyaratkan pengungkapan tambahan atas                      arrangements and require additional disclosure
         pengaturan pembiayaan pemasok tersebut.                      of such arrangements. The disclosure
         Persyaratan          pengungkapan         dalam              requirements in the amendments are intended
         amandemen ini dimaksudkan untuk membantu                     to assist users of financial statements in
         pengguna laporan keuangan dalam memahami                     understanding the effects of supplier finance
         dampak pengaturan pembiayaan pemasok                         arrangements on an entity’s liabilities, cash
         terhadap liabilitas, arus kas, dan eksposur                  flows and exposure to liquidity risk.
         terhadap risiko likuiditas suatu entitas.

         Amandemen ini tidak diharapkan akan                          The amendments are not expected to have an
         memberikan dampak terhadap    laporan                        impact on the Group’s consolidated financial
         keuangan konsolidasian Grup.                                 statements.




                                                      12
Page 293
                                                             The original consolidated financial statements include herein are in the
                                                                                                               Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                         PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                         As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                             and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                 (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                 2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                         POLICIES INFORMATION (continued)

     Dasar    Penyajian        Laporan        Keuangan           Basis of Presentation of Consolidated Financial
     Konsolidasian                                               Statements

     Laporan keuangan konsolidasian meliputi laporan             The consolidated financial statements comprise the
     keuangan Perusahaan dan entitas-entitas anak.               financial statements of the Company and its
     Kendali diperoleh bila Grup terekspos atau memiliki         subsidiaries. Control is achieved when the Group is
     hak atas imbal hasil variabel dari keterlibatannya          exposed, or has rights, to variable returns from its
     dengan investee dan memiliki kemampuan untuk                involvement with the investee and has the ability to
     mempengaruhi imbal hasil tersebut melalui                   affect those returns through its power over the
     kekuasaannya atas investee.                                 investee.

     Dengan demikian, investor mengendalikan investee            Thus, investor controls an investee if and only if
     jika dan hanya jika investor memiliki seluruh hal           investor has all of the following:
     berikut ini:
     i) Kekuasaan atas investee, yaitu hak yang ada              i)     Power over the investee, that is existing rights
          saat ini yang memberi investor kemampuan kini                 that give investor current ability to direct the
          untuk mengarahkan aktivitas relevan dari                      relevant activities of the investee,
          investee,
     ii) Eksposur atau hak atas imbal hasil variabel dari        ii)    Exposure, or rights, to variable returns from its
          keterlibatannya dengan investee, dan                          involvement with the investee, and
     iii) Kemampuan           untuk        menggunakan           iii)   The ability to use its power over the investee to
          kekuasaannya       atas     investee    untuk                 affect its returns.
          mempengaruhi jumlah imbal hasil.

     Bila Grup tidak memiliki hak suara atau hak serupa          When the Group has less than a majority of the
     secara mayoritas atas suatu investee, Grup                  voting or similar rights of an investee, the Group
     mempertimbangkan semua fakta dan keadaan yang               considers all relevant facts and circumstances in
     relevan dalam mengevaluasi apakah mereka                    assessing whether it has power over an investee,
     memiliki kekuasaan atas investee, termasuk:                 including:
     i) pengaturan kontraktual dengan pemegang hak               i) the contractual arrangement(s) with the other
          suara lainnya pada investee;                                vote holders of the investee;
     ii) hak-hak yang timbul dari pengaturan                     ii) rights    arising    from    other   contractual
          kontraktual lain; dan                                       arrangements; and
     iii) hak suara yang dimiliki Grup dan hak suara             iii) the Group’s voting rights and potential voting
          potensial.                                                  rights.

     Grup      menilai   kembali      apakah    mereka           The Group re-assesses whether or not it controls an
     mengendalikan investee bila fakta dan keadaan               investee if facts and circumstances indicate that
     mengindikasikan adanya perubahan terhadap satu              there are changes to one or more of the three
     atau lebih dari ketiga elemen dari pengendalian.            elements of control. Consolidation of a subsidiary
     Konsolidasi atas entitas-entitas anak dimulai sejak         begins when the Group obtains control over the
     Grup memperoleh pengendalian atas entitas anak              subsidiary and ceases when the Group loses control
     dan berakhir pada saat Grup kehilangan                      of the subsidiary. Assets, liabilities, income and
     pengendalian atas entitas anak. Aset, liabilitas,           expenses of a subsidiary acquired during the year
     penghasilan dan beban dari entitas anak yang                are included in the consolidated financial statements
     diakuisisi pada tahun tertentu disertakan dalam             from the date the Group gains control until the date
     laporan keuangan konsolidasian sejak tanggal Grup           the Group ceases to control the subsidiary.
     memperoleh kendali sampai tanggal Grup tidak lagi
     mengendalikan entitas anak tersebut.




                                                       13
Page 294
                                                               The original consolidated financial statements include herein are in the
                                                                                                                 Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                          PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                          As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                              and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                  (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     Dasar    Penyajian       Laporan         Keuangan              Basis of Presentation of Consolidated Financial
     Konsolidasian (lanjutan)                                       Statements (continued)

     Seluruh laba rugi dan setiap komponen penghasilan             Profit or loss and each component of other
     komprehensif lain (“PKL”) diatribusikan pada pemilik          comprehensive income (“OCI”) are attributed to the
     entitas induk dan pada kepentingan nonpengendali              equity holders of the parent of the Group and to the
     (“KNP”), walaupun hal ini akan menyebabkan saldo              non-controlling interests (“NCI”), even if this results
     KNP yang defisit. Bila dipandang perlu, penyesuaian           in the NCI having a deficit balance. When
     dilakukan terhadap laporan keuangan entitas anak              necessary, adjustments are made to the financial
     untuk diselaraskan dengan kebijakan akuntansi                 statements of subsidiaries to bring their accounting
     Grup.                                                         policies into line with the Group’s accounting policies

     Seluruh saldo akun, transaksi, penghasilan dan                All significant intra and inter-group balances,
     beban antar perusahaan yang signifikan, dan laba              transactions, income and expenses, and unrealized
     atau rugi hasil transaksi dari intra Grup yang belum          profits and losses resulting from intra-group
     direalisasi dan dividen telah dieliminasi.                    transactions and dividends have been eliminated.

     Perubahan dalam bagian kepemilikan entitas induk              A change in the parent’s ownership interest in a
     pada entitas anak yang tidak mengakibatkan                    subsidiary, without a loss of control, is accounted for
     hilangnya pengendalian, dicatat sebagai transaksi             as an equity transaction. If the Group loses control
     ekuitas. Bila kehilangan pengendalian atas suatu              over a subsidiary, it derecognizes the related assets
     entitas anak, maka Grup menghentikan pengakuan                (including goodwill), liabilities, NCI and other
     atas aset (termasuk goodwill), liabilitas dan                 component of equity, while the difference is
     komponen lain dari ekuitas terkait, dan selisihnya            recognized in the profit or loss. Any investment
     diakui pada laba rugi. Bagian dari investasi yang             retained is recognized at fair value.
     tersisa diakui pada nilai wajar.
     Pengukuran Nilai Wajar                                        Fair Value Measurement

     Grup mengukur aset biologis, termasuk produk                  The Group measures biological assets, including
     (agrikultur) dari tanaman produktif, pada nilai wajar         (agriculture) produce of bearer plants, at fair value at
     setiap tanggal pelaporan.                                     each reporting date.

     Nilai wajar adalah harga yang akan diterima dari              Fair value is the price that would be received to sell
     menjual suatu aset atau harga yang akan dibayar               an asset or paid to transfer a liability in an orderly
     untuk mengalihkan suatu liabilitas dalam transaksi            transaction between market participants at the
     teratur antara pelaku pasar pada tanggal                      measurement date. The fair value measurement is
     pengukuran. Pengukuran nilai wajar mengasumsikan              based on the presumption that the transaction to sell
     bahwa transaksi untuk menjual aset atau                       the asset or transfer the liability takes place either:
     mengalihkan liabilitas terjadi:
     i. Di pasar utama untuk aset atau liabilitas tersebut,        i.    In the principal market for the asset or liability,
          atau                                                           or
     ii. Jika tidak terdapat pasar utama, di pasar yang            ii.   In the absence of a principal market, in the most
          paling menguntungkan untuk aset atau liabilitas                advantageous market for the asset or liability.
          tersebut.

     Pasar utama atau pasar yang paling menguntungkan              The principal or the most advantageous market must
     tersebut harus dapat diakses oleh Grup.                       be accessible to by the Group.

     Nilai wajar dari aset atau liabilitas diukur dengan           The fair value of an asset or a liability is measured
     menggunakan asumsi yang akan digunakan pelaku                 using the assumptions that market participants
     pasar ketika menentukan harga aset atau liabilitas            would use when pricing the asset or liability,
     tersebut, dengan asumsi bahwa pelaku pasar                    assuming that market participants act in their
     bertindak dalam kepentingan ekonomi terbaiknya.               economic best interest.




                                                        14
Page 295
                                                                  The original consolidated financial statements include herein are in the
                                                                                                                    Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                            PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                            As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                    (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                      2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                              POLICIES INFORMATION (continued)

     Pengukuran Nilai Wajar (lanjutan)                                Fair Value Measurement (continued)

     Pengukuran nilai wajar dari suatu aset non-keuangan              A fair value measurement of a non-financial asset
     memperhitungkan kemampuan pelaku pasar untuk                     takes into account a market participant's ability to
     menghasilkan      manfaat      ekonomik      dengan              generate economic benefits by using the asset in its
     menggunakan aset dalam penggunaan tertinggi dan                  highest and best use or by selling it to another
     terbaiknya atau dengan menjualnya kepada pelaku                  market participant that would use the asset in its
     pasar lain yang akan menggunakan aset tersebut                   highest and best use.
     pada penggunaan tertinggi dan terbaiknya.

     Grup menggunakan teknik penilaian yang sesuai                    The Group uses valuation techniques that are
     dengan keadaan dan data yang memadai tersedia                    appropriate in the circumstances and for which
     untuk mengukur nilai wajar, dengan memaksimalkan                 sufficient data are available to measure fair value,
     masukan (input) yang dapat diamati (observable)                  maximizing the use of relevant observable inputs
     yang relevan dan meminimalkan masukan (input)                    and minimizing the use of unobservable inputs.
     yang tidak dapat diamati (unobservable).

     Semua aset dan liabilitas yang nilai wajarnya diukur             All assets and liabilities for which fair value is
     atau diungkapkan dalam laporan keuangan                          measured or disclosed in the consolidated financial
     konsolidasian dikategorikan dalam hirarki nilai wajar            statements are categorized within the fair value
     berdasarkan level masukan (input) paling rendah                  hierarchy, based on the lowest level input that is
     yang signifikan terhadap pengukuran nilai wajar                  significant to the fair value measurement as a whole,
     secara keseluruhan sebagai berikut:                              described as follows:
      i. Level 1 - Harga kuotasian (tanpa penyesuaian) di              i. Level 1 - Quoted (unadjusted) market prices in
           pasar aktif untuk aset atau liabilitas yang identik             active markets for identical assets or liabilities
           yang dapat diakses entitas pada tanggal                         which accessible to the entity at the
           pengukuran.                                                     measurement date
      ii. Level 2 - Teknik penilaian yang menggunakan                  ii. Level 2 - Valuation techniques for which the
           tingkat masukan (input) yang paling rendah yang                 lowest level input that is significant to the fair
           signifikan terhadap pengukuran nilai wajar yang                 value measurement is directly or indirectly
           dapat diamati (observable) baik secara langsung                 observable.
           atau tidak langsung.
      iii. Level 3 - Teknik penilaian yang menggunakan                 iii. Level 3 - Valuation techniques for which the
           tingkat masukan (input) yang paling rendah yang                  lowest level input that is significant to the fair
           signifikan terhadap pengukuran nilai wajar yang                  value measurement is directly or indirectly
           tidak dapat diamati (unobservable) baik secara                   unobservable.
           langsung atau tidak langsung.

     Untuk aset dan liabilitas yang diakui pada laporan               For assets and liabilities that are recognized in the
     keuangan konsolidasian secara berulang, Grup                     consolidated financial statements on a recurring
     menentukan apakah terdapat perpindahan antara                    basis, the Group determines whether transfers have
     level dalam hirarki dengan melakukan evaluasi ulang              occurred between levels in the hierarchy by re-
     atas penetapan kategori (berdasarkan level masukan               assessing categorization (based on the lowest level
     (input) paling rendah yang signifikan terhadap                   input that is significant to the fair value measurement
     pengukuran nilai wajar secara keseluruhan) pada tiap             as a whole) at the end of each reporting period.
     akhir periode pelaporan.

     Tim     pelaporan       keuangan   Grup       yang               The Group’s financial reporting team in charge of
     bertanggungjawab atas penilaian menentukan                       valuation determines the policies and procedures for
     kebijakan dan prosedur untuk pengukuran nilai wajar              recurring fair value measurement, such as biological
     berulang, seperti aset biologis.                                 assets.

     Untuk tujuan pengungkapan nilai wajar, Grup                      For the purpose of fair value disclosures, the Group
     menentukan       klasifikasi  aset   dan     liabilitas          has determined classes of assets and liabilities on
     berdasarkan sifat, karakteristik dan risiko atas aset            the basis of the nature, characteristics and risks of
     atau liabilitas dan level pada hierarki nilai wajar              the asset or liability and the level of the fair value
     sebagaimana dijelaskan diatas.                                   hierarchy as explained above.

                                                           15
Page 296
                                                              The original consolidated financial statements include herein are in the
                                                                                                                Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                        PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                        As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                            and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     Kas dan Setara Kas                                           Cash and Cash Equivalents

     Kas dan setara kas terdiri atas kas dan bank serta           Cash and cash equivalents comprise cash on hand
     deposito jangka pendek yang jatuh tempo dalam                and in banks and short-term deposits with maturity
     waktu 3 bulan atau kurang, yang dapat segera dapat           of three (3) months or less, that are readily
     dikonversikan menjadi kas dalam jumlah yang                  convertible to a known amount of cash and subject
     ditentukan dan memiliki risiko perubahan nilai yang          to an insignificant risk of changes in value.
     tidak signifikan.

     Instrumen Keuangan                                           Financial Instruments

     Instrumen keuangan adalah setiap kontrak yang                A financial instrument is any contract that gives rise
     memberikan aset keuangan bagi satu entitas dan               to a financial asset of one entity and a financial
     liabilitas keuangan atau ekuitas bagi entitas lain.          liability or equity instrument of another entity.

     Aset Keuangan                                                Financial Assets

     Pengakuan dan Pengukuran Awal                                Initial Recognition and Measurement

     Pada pengakuan awal, Grup mengukur aset                      At initial recognition, the Group measures a financial
     keuangan pada nilai wajarnya ditambah biaya                  asset at its fair value plus transaction costs, in the
     transaksi, dalam hal aset keuangan tidak diukur              case of a financial asset not at fair value through
     dalam nilai wajar melalui laba rugi (“NWLR’). Piutang        profit or loss (“FVTPL”). Trade receivables that do
     usaha yang tidak mengandung komponen                         not contain a significant financing component, for
     pembiayaan yang signifikan, dimana Grup telah                which the Group has applied the practical expedient
     menerapkan cara praktis, diukur pada harga                   are measured at the transaction price determined
     transaksi yang ditentukan sesuai PSAK 115.                   under PSAK 115.

     Agar aset keuangan diklasifikasikan dan diukur pada          In order for a financial asset to be classified and
     biaya perolehan diamortisasi atau nilai wajar melalui        measured at amortized cost or fair value through
     penghasilan komprehensif lain (“NWPKL”), aset                other comprehensive income (“FVOCI”), it needs to
     keuangan harus menghasilkan arus kas yang                    give rise to cash flows that are ‘solely payments of
     semata-mata dari pembayaran pokok dan bunga                  principal and interest (“SPPI”)’ on the principal
     (“SPPB”) dari pokok belum dilunasi. Penilaian ini            amount outstanding. This assessment is referred to
     disebut uji SPPB dan dilakukan pada tingkat                  as SPPI test and is performed at an instrument level.
     instrumen.

     Model bisnis Grup untuk mengelola aset keuangan              The Group’s business model for managing financial
     mengacu pada bagaimana mereka mengelola aset                 assets refers to how it manages its financial assets
     keuangannya untuk menghasilkan arus kas. Model               in order to generate cash flows. The business model
     bisnis menentukan apakah arus kas akan dihasilkan            determines whether cash flows will result from
     dari pendapatan arus kas kontraktual, penjualan              collecting contractual cash flows, selling the
     aset keuangan, atau keduanya.                                financial assets, or both.




                                                        16
Page 297
                                                           The original consolidated financial statements include herein are in the
                                                                                                             Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                     PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                     As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                         and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                             (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI               2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                       POLICIES INFORMATION (continued)

     Instrumen Keuangan (lanjutan)                             Financial Instruments (continued)

     Aset Keuangan (lanjutan)                                  Financial Assets (continued)

     Pengakuan dan Pengukuran Awal (lanjutan)                  Initial Recognition and Measurement (continued)

     Pengukuran Selanjutnya                                    Subsequent Measurement

     Untuk tujuan pengukuran selanjutnya, aset                  For purposes of subsequent measurement,
     keuangan diklasifikasikan dalam empat kategori:           financial assets are classified in four categories:
     •   Aset keuangan pada biaya perolehan                     •   Financial assets at amortized cost (debt
         diamortisasi (instrumen utang),                            instruments),
     •   Aset keuangan pada NWPKL dengan daur                   •   Financial assets at FVOCI with recycling of
         ulang keuntungan dan kerugian kumulatif                    cumulative      gains     and     losses    (debt
         (instrumen utang),                                         instruments),
     •   Aset keuangan yang ditetapkan pada NWPKL               •   Financial assets designated at FVOCI with no
         tanpa daur ulang keuntungan dan kerugian                   recycling of cumulative gains and losses upon
         kumulatif setelah penghentian pengakuan                    derecognition (equity instruments), and
         (instrumen ekuitas), dan
     •   Nilai wajar melalui laba rugi (NWLR).                  •     Fair value through profit or loss (FVTPL).

     Pengukuran selanjutnya dari aset keuangan                  The subsequent measurement of financial assets
     tergantung kepada klasifikasi masing-masing aset           depends on their classification as described below:
     keuangan seperti berikut ini:

     Aset keuangan pada biaya perolehan diamortisasi            Financial assets            at    amortized        cost     (debt
     (instrumen utang)                                          instruments)

     Grup mengukur aset keuangan yang diukur dengan             The Group measures financial assets at amortised
     biaya perolehan diamortisasi jika kedua kondisi            cost if both of the following conditions are met:
     berikut terpenuhi:
     •    Aset keuangan dimiliki dalam model bisnis             •     The financial asset is held within a business
          dengan tujuan untuk memiliki aset keuangan                  model with the objective to hold financial
          dalam rangka mendapatkan arus kas                           assets in order to collect contractual cash
          kontraktual, dan                                            flows, and
     •    Persyaratan kontraktual dari aset keuangan            •     The contractual terms of the financial asset
          menghasilkan arus kas pada tanggal tertentu                 give rise on specified dates to cash flows that
          yang merupakan SPPB dari jumlah pokok                       are SPPI on the principal amount outstanding.
          terutang.

     Aset keuangan yang diukur pada biaya perolehan            Financial assets at amortized cost are subsequently
     diamortisasi     selanjutnya    diukur    dengan          measured using the effective interest (“EIR”) method
     menggunakan metode suku bunga efektif (“SBE”)             and are subject to impairment. Gains and losses are
     dan menjadi subjek penurunan nilai. Keuntungan            recognized in profit or loss when the asset is
     dan kerugian diakui dalam laba rugi pada saat aset        derecognized, modified or impaired.
     dihentikan pengakuannya, dimodifikasi atau
     diturunkan nilainya.

     Aset keuangan Grup pada biaya perolehan                   The Group’s financial assets at amortized cost
     diamortisasi termasuk kas dan setara kas, piutang         includes cash and cash equivalents, trade
     usaha, piutang lain-lain dan piutang plasma.              receivables, other receivables and plasma
                                                               receivables.




                                                     17
Page 298
                                                             The original consolidated financial statements include herein are in the
                                                                                                               Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                       PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                       As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                           and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                               (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                 2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                         POLICIES INFORMATION (continued)

     Instrumen Keuangan (lanjutan)                               Financial Instruments (continued)

     Aset Keuangan (lanjutan)                                    Financial Assets (continued)

     Penghentian Pengakuan                                       Derecognition

     Aset keuangan (atau, sesuai dengan kondisinya,              A financial asset (or, where applicable, a part of
     bagian dari aset keuangan atau bagian dari                  a financial asset or part of a group of similar
     kelompok aset keuangan serupa) terutama                     financial assets) is primarily derecognized (i.e.,
     dihentikan pengakuannya (yaitu, dikeluarkan dari            removed from the Group’s consolidated statement
     laporan posisi keuangan konsolidasian Grup)                 of financial position) when:
     ketika:
          Hak untuk menerima arus kas dari aset telah                  The rights to receive cash flows from the asset
          berakhir, atau                                               have expired, or
          Grup telah mengalihkan haknya untuk                          The Group has transferred its rights to receive
          menerima arus kas dari aset atau menanggung                  cash flows from the asset or has assumed an
          liabilitas untuk membayar arus kas yang                      obligation to pay the received cash flows in full
          diterima tersebut secara penuh tanpa                         without         material        delay         to
          penundaan berarti kepada pihak ketiga                        a third party under a ‘pass-through’
          berdasarkan kesepakatan pelepasan (pass-                     arrangement and either (a) the Group has
          through), dan salah satu dari (a) Grup telah                 transferred substantially all the risks and
          mengalihkan secara substansial seluruh risiko                rewards of the asset, or (b) the Group has
          dan manfaat atas aset, atau (b) Grup tidak                   neither transferred nor retained substantially
          mengalihkan maupun tidak memiliki secara                     all the risks and rewards of the asset, but has
          substansial seluruh risiko dan manfaat atas                  transferred control of the asset.
          aset, tetapi telah mengalihkan kendali atas
          aset.

     Ketika Grup telah mengalihkan haknya untuk                  When the Group has transferred its rights to
     menerima arus kas dari suatu aset atau telah                receive cash flows from an asset or has entered
     menandatangani kesepakatan ‘pass-through’, Grup             into a pass-through arrangement, it evaluates if,
     mengevaluasi jika, dan sejauh mana, Grup masih              and to what extent, it has retained the risks and
     mempertahankan risiko dan manfaat atas                      rewards of ownership. When it has neither
     kepemilikan aset. Ketika Grup tidak mengalihkan             transferred nor retained substantially all of the risks
     maupun seluruh risiko dan manfaat atas aset                 and rewards of the asset, nor transferred control of
     dipertahankan secara substansial, maupun tidak              the asset, the Group continues to recognize the
     mengalihkan kendali atas aset, Grup tetap                   transferred asset to the extent of its continuing
     mengakui aset yang dialihkan sebesar keterlibatan           involvement. In that case, the Group also
     berkelanjutannya. Dalam kasus tersebut, Grup juga           recognizes an associated liability. The transferred
     mengakui liabilitas terkait. Aset yang dialihkan dan        asset and the associated liability are measured on
     liabilitas terkait diukur dengan basis yang                 a basis that reflects the rights and obligations that
     mencerminkan hak dan kewajiban yang masih                   the Group has retained.
     dipertahankan oleh Grup.

     Keterlibatan berkelanjutan dalam bentuk jaminan             Continuing involvement that takes the form of a
     atas aset yang ditransfer, diukur pada nilai yang           guarantee over the transferred asset is measured
     lebih rendah antara jumlah tercatat awal aset dan           at the lower of the original carrying amount of the
     jumlah maksimum imbalan yang dibutuhkan oleh                asset and the maximum amount of consideration
     Grup untuk membayar kembali.                                that the Group could be required to repay.




                                                       18
Page 299
                                                              The original consolidated financial statements include herein are in the
                                                                                                                Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                        PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                        As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                            and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     Instrumen Keuangan (lanjutan)                                Financial Instruments (continued)

     Aset Keuangan (lanjutan)                                     Financial Assets (continued)

     Penurunan Nilai                                              Impairment

     Grup mengakui penyisihan Kerugian Kredit                     The Group recognizes an allowance for Expected
     Ekspektasian (”KKE”) untuk semua instrumen utang             Credit Losses (“ECL”) for all debt instruments not
     yang bukan diukur pada NWLR dan kontrak jaminan              held at FVTPL and financial guarantee contracts.
     keuangan. KKE ditentukan atas perbedaan antara               ECLs are based on the difference between the
     arus kas kontraktual menurut kontrak dan semua               contractual cash flows due in accordance with the
     arus kas yang diharapkan akan diterima oleh Grup,            contract and all the cash flows that the Group
     yang didiskontokan dengan perkiraan SBE orisinal.            expects to receive, discounted at an approximation
     Arus kas yang diharapkan mencakup setiap arus                of the original EIR. The expected cash flows include
     kas dari penjualan agunan yang dimiliki atau                 any cash flows from the sale of collateral held or
     perbaikan kredit lainnya yang merupakan bagian               other credit enhancements that are integral to the
     yang tidak terpisahkan dalam ketentuan kontrak.              contractual terms.

     KKE diakui dalam dua tahap. Bila belum terdapat              ECLs are recognized in two stages. When there
     peningkatan risiko kredit signifikan sejak pengakuan         have been significant increases in credit risks since
     awal, KKE diakui untuk kerugian kredit yang                  initial recognition, ECLs are provided for credit
     dihasilkan dari peristiwa gagal bayar yang mungkin           losses that result from default events that are
     terjadi dalam jangka waktu 12 bulan ke depan (KKE            possible within the next 12-months (a 12-month
     12 bulan). Namun, bila telah terdapat peningkatan            ECL). But, when there have been significant
     signifikan risiko kredit sejak pengakuan awal,               increases in credit risks since initial recognition, a
     penyisihan kerugian diakui untuk kerugian kredit yang        loss allowance is recognized for credit losses
     diperkirakan selama sisa umur aset, tanpa                    expected over the remaining life of the asset,
     mempertimbangkan waktu gagal bayar (KKE                      irrespective of timing of the default (a lifetime ECL).
     sepanjang umurnya).

     Karena piutang usaha dan piutang lain-lainnya tidak          Because its trade and other receivables do not
     memiliki komponen pembiayaan signifikan, Grup                contain significant financing component, the Group
     menerapkan pendekatan yang disederhanakan                    applies a simplified approach in calculating ECL.
     dalam perhitungan KKE. Oleh karena itu, Grup tidak           Therefore, the Group does not track changes in
     menelurusi perubahan dalam risiko kredit, namun              credit risk, but instead recognizes a loss allowance
     justru mengakui penyisihan kerugian berdasarkan              based on lifetime ECL at each reporting date. The
     KKE sepanjang umurnya pada setiap tanggal                    Group established a provision matrix that is based
     pelaporan. Grup membentuk matriks provisi                    on its historical credit loss experience, adjusted for
     berdasarkan pengalaman kerugian kredit masa                  forward-looking factors specific to the debtors and
     lampau, disesuaikan dengan perkiraan masa depan              the economic environment.
     (forward-looking) atas faktor yang spesifik untuk
     debitur dan lingkungan ekonomi.




                                                        19
Page 300
                                                               The original consolidated financial statements include herein are in the
                                                                                                                 Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                         PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                         As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                             and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                 (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     Instrumen Keuangan (lanjutan)                                 Financial Instruments (continued)

     Liabilitas Keuangan                                           Financial Liabilities

     Pengakuan dan Pengukuran Awal                                 Initial Recognition and Measurement

     Liabilitas     keuangan    diklasifikasikan,  pada            Financial liabilities are classified, at initial
     pengakuan awal, sebagai liabilitas keuangan yang              recognition, as financial liabilities at FVTPL, loans
     diukur pada NWLR, utang dan pinjaman atau                     and borrowings, or as derivatives designated as
     derivatif ditetapkan sebagai instrumen lindung nilai          hedging instruments in an effective hedge, as
     pada lindung nilai yang efektif, sesuai dengan                appropriate.
     kondisinya.

     Semua liabilitas keuangan diakui pada nilai wajar             All financial liabilities are recognized initially at fair
     saat pengakuan awal dan, dalam hal liabilitas                 value and, in the case of loans and borrowings and
     keuangan dilklasifikasi sebagai utang dan pinjaman,           payables, net of directly attributable transaction
     diakui pada nilai wajar setelah dikurangi biaya               costs.
     transaksi yang dapat diatribusikan secara langsung.

     Grup menetapkan liabilitas keuangannya sebagai                The Group designates its financial liabilities as
     utang dan pinjaman, seperti utang bank, utang                 loans and borrowings, such as bank loans, trade
     usaha dan lain-lain, beban akrual dan liabilitas              and other payables, accrued expenses and short-
     imbalan kerja jangka pendek                                   term employee benefits liability.

     Pengukuran Selanjutnya                                        Subsequent Measurement

     Pengukuran selanjutnya dari liabilitas keuangan               The measurement of financial liabilities depends on
     ditentukan oleh klasifikasinya sebagai berikut.               their classification as described below:

     Liabilitas keuangan pada biaya             perolehan          Financial liabilities at amortized cost (loans and
     diamortisasi (utang dan pinjaman)                             borrowings)

     (i)   Utang dan Pinjaman Jangka Panjang yang                  (i) Long-term           Interest-bearing          Loans        and
           Dikenakan Bunga                                             Borrowings

           Setelah pengakuan awal, utang dan pinjaman                   Subsequent to initial recognition, long-term
           jangka panjang yang berbunga diukur pada                     interest-bearing loans and borrowings are
           biaya perolehan yang diamortisasi dengan                     measured at amortized acquisition costs using
           menggunakan metode SBE. Pada tanggal                         EIR method. At the reporting dates, accrued
           pelaporan, biaya bunga yang masih harus                      interest is recorded separately from the
           dibayar dicatat secara terpisah, dari pokok                  associated borrowings within the current
           pinjaman terkait, dalam bagian liabilitas jangka             liabilities section. Gains and losses are
           pendek. Keuntungan dan kerugian diakui pada                  recognized in the profit or loss when the
           laba   rugi    ketika    liabilitas   dihentikan             liabilities are derecognized as well as through
           pengakuannya maupun melalui proses                           the EIR amortization process.
           amortisasi menggunakan metode SBE.

           Biaya    amortisasi      dihitung    dengan                  Amortized cost is calculated by taking into
           mempertimbangkan setiap diskonto atau                        account any discount or premium on acquisition
           premium atas akusisi dan komisi atau biaya                   and fees or costs that are an integral part of the
           yang merupakan bagian tidak terpisahkan dari                 EIR. The EIR amortization is included in finance
           SBE. Amortisasi SBE dicatat sebagai beban                    costs in the profit or loss.
           keuangan pada laba rugi.




                                                         20
Page 301
                                                                The original consolidated financial statements include herein are in the
                                                                                                                  Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                          PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                          As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                              and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                  (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     Instrumen Keuangan (lanjutan)                                  Financial Instruments (continued)

     Liabilitas Keuangan (lanjutan)                                 Financial Liabilities (continued)

     Pengukuran Selanjutnya (lanjutan)                              Subsequent Measurement (continued)

     Liabilitas keuangan pada biaya              perolehan          Financial liabilities at amortized cost (loans and
     diamortisasi (utang dan pinjaman)                              borrowings)

     (ii)   Utang dan akrual                                        (ii) Payables and accruals

            Liabilitas untuk utang usaha dan utang lain-lain             Liabilities for current trade and other accounts
            jangka pendek, biaya masih harus dibayar dan                 payable, accrued expenses and short-term
            liabilitas imbalan kerja jangka pendek                       employee benefits liability are stated at carrying
            dinyatakan sebesar jumlah tercatat (jumlah                   amounts         (notional    amounts),      which
            nosional), yang kurang lebih sebesar nilai                   approximate their fair values.
            wajarnya.

     Penghentian Pengakuan                                          Derecognition

     Suatu liabilitas keuangan dihentikan pengakuannya              A financial liability is derecognized when the
     pada saat kewajiban yang ditetapkan dalam kontrak              obligation under the contract is discharged or
     berakhir atau dibatalkan atau kedaluwarsa.                     cancelled or expires.

     Ketika sebuah liabilitas keuangan ditukar dengan               When an existing financial liability is replaced by
     liabilitas keuangan lain dari pemberi pinjaman yang            another from the same lender on substantially
     sama atas persyaratan yang secara substansial                  different terms, or the terms of an existing liability
     berbeda, atau bila persyaratan dari liabilitas                 are substantially modified, such an exchange or
     keuangan tersebut secara substansial dimodifikasi,             modification is treated as derecognition of the
     pertukaran atau modifikasi persyaratan tersebut                original liability and recognition of a new liability, and
     dicatat sebagai penghentian pengakuan liabilitas               the difference in the respective carrying amounts is
     keuangan orisinal dan pengakuan liabilitas                     recognized in the profit or loss.
     keuangan baru, dan selisih antara nilai tercatat
     masing-masing liabilitas keuangan tersebut diakui
     pada laba rugi.




                                                          21
Page 302
                                                             The original consolidated financial statements include herein are in the
                                                                                                               Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                       PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                       As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                           and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                               (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                 2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                         POLICIES INFORMATION (continued)

     Instrumen Keuangan (lanjutan)                               Financial Instruments (continued)

     Liabilitas Keuangan (lanjutan)                              Financial Liabilities (continued)

     Saling Hapus Instrumen Keuangan                             Offsetting of Financial Instruments

     Aset keuangan dan liabilitas keuangan disaling              Financial assets and financial liabilities are offset,
     hapuskan dan nilai netonya disajikan dalam laporan          and the net amount reported in the consolidated
     posisi keuangan konsolidasian jika, dan hanya jika,         statement of financial position if, and only if, there is
     terdapat hak secara hukum untuk melakukan saling            a currently enforceable legal right to offset the
     hapus atas jumlah tercatat dari aset keuangan dan           recognized amounts and there is an intention to
     liabilitas keuangan tersebut dan terdapat intensi           settle on a net basis, or to realize the assets and
     untuk menyelesaikan secara neto, atau untuk                 settle the liabilities simultaneously.
     merealisasikan aset dan menyelesaikan liabilitas
     secara bersamaan.

     Persediaan                                                  Inventories

     Persediaan dinyatakan sebesar nilai yang lebih              Inventories are stated at the lower of cost or net
     rendah antara biaya perolehan atau nilai realisasi          realizable value. Cost is determined using the
     neto. Biaya perolehan ditentukan dengan                     weighted-average method for crude palm oil, palm
     menggunakan      metode      rata-rata  tertimbang          kernel and crude palm kernel oil meanwhile for
     (weighted-average method) untuk persediaan                  fertilizers, spare parts and other inventories using
     minyak kelapa sawit, inti kelapa sawit dan minyak           the moving-average method.
     inti kelapa sawit, sedangkan untuk persediaan
     pupuk, suku cadang dan persediaan lainnya
     menggunakan metode rata-rata bergerak (moving-
     average method).

     Nilai realisasi neto adalah estimasi harga penjualan        Net realizable value is the estimated selling price in
     dalam kegiatan usaha biasa dikurangi estimasi               the ordinary course of business less the estimated
     biaya penyelesaian dan estimasi biaya yang                  costs of completion and the estimated costs
     diperlukan untuk membuat penjualan.                         necessary to make the sale.

     Biaya yang dikeluarkan untuk setiap produk agar             Costs incurred in bringing each product to its
     berada pada lokasi dan kondisi siap untuk dijual            present location and condition are accounted for as
     dicatat sebagai berikut:                                    follow:
     i) Bahan baku, suku cadang dan bahan                        i) Raw materials, spare parts and factory
         pembantu: harga pembelian;                                   supplies: purchase cost;
     ii) Barang jadi dan persediaan dalam proses: biaya          ii) Finished goods and work in-process: cost of
         bahan baku dan tenaga kerja langsung dan                     direct materials and labor and a proportion of
         bagian proporsional dari beban overhead                      manufacturing overheads based on normal
         berdasarkan kapasitas operasi normal namun                   operating capacity but excluding borrowing
         tidak termasuk biaya pinjaman.                               costs.

     Grup menetapkan penyisihan untuk nilai realisasi            The Group provides allowance for net realizable
     neto persediaan berdasarkan hasil penelaahan                value of inventories based on periodic reviews of the
     berkala atas kondisi fisik dan nilai realisasi neto         physical conditions and net realizable values of the
     persediaan.                                                 inventories.




                                                       22
Page 303
                                                              The original consolidated financial statements include herein are in the
                                                                                                                Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                        PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                        As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                            and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     Biaya Dibayar Dimuka dan Uang Muka                           Prepaid Expenses and Advances

     Biaya dibayar dimuka diamortisasi dan dibebankan             Prepaid expenses are amortized and charged to
     pada operasi selama masa manfaatnya dengan                   operations over the periods benefited using the
     metode garis lurus, dan disajikan sebagai aset               straight-line method, and are presented as current
     lancar atau aset tidak lancar sesuai sifatnya masing-        asset or non-current asset based on their nature.
     masing.

     Biaya dibayar dimuka terutama terdiri dari sewa dan          Prepaid expenses mainly consist of prepaid rent and
     asuransi dibayar dimuka.                                     insurance.

     Uang muka terutama terdiri atas uang muka atas               Advances mainly consist of advances for the
     pembelian aset tetap, pupuk, suku cadang dan                 purchase of fixed assets, fertilizers, spare parts and
     persediaan lainnya.                                          other inventories.

     Piutang Plasma                                               Plasma Receivables

     Entitas-entitas anak tertentu dalam Grup (secara             Certain subsidiaries within the Group (collectively
     bersama-sama disebut sebagai “Perusahaan Inti”),             referred to as the “Nucleus Companies”), have
     memiliki komitmen dengan beberapa Koperasi Unit              commitments with several rural cooperatives (“KUD”
     Desa (“KUD”) yang mewadahi petani plasma untuk               or Koperasi Unit Desa) representing plasma farmers
     mengembangkan perkebunan plasma sebagaimana                  to develop plantations as required by the Indonesian
     diwajibkan oleh pemerintah Indonesia. Perusahaan             government. The Nucleus Companies is to provide
     Inti akan memberikan bimbingan dan berbagi                   guidance and sharing of knowledge in developing
     pengetahuan dalam mengembangkan perkebunan                   the oil palm plasma plantations up to the productive
     plasma kelapa sawit hingga tahap produktif.                  stage.

     Pembiayaan atas pengembangan perkebunan                      The financing of these plasma plantations are
     plasma ini diperoleh melalui pinjaman dari bank,             mainly provided by the banks while the Nucleus
     sedangkan Perusahaan Inti memberikan tambahan                Companies provide additional temporary loans to
     pinjaman sementara untuk membantu para petani                help the plasma farmers repay the principal and
     plasma membayar pokok pinjaman beserta bunga                 interest while the plasma plantations are not yet at
     sementara perkebunan plasma belum mencapai                   productive stage. The Nucleus Companies provide
     tahap produktif. Perusahaan Inti memberikan                  corporate guarantees to the related credit facilities
     jaminan perusahaan (corporate guarantee) untuk               provided by the banks. The plasma receivables
     fasilitas pinjaman terkait yang diperoleh dari bank.         presented in the consolidated statement of financial
     Piutang plasma yang disajikan dalam laporan posisi           position consist of accumulated development costs
     keuangan konsolidasian terdiri atas akumulasi                incurred and the funding provided by the Nucleus
     biaya-biaya pengembangan yang terjadi dan                    Companies to the KUD or plasma farmers less the
     pembiayaan yang diperoleh dari Perusahaan Inti               funds received from banks on behalf of the KUD or
     kepada KUD atau petani plasma dikurangi dana                 plasma farmers and accumulated impairment
     yang diterima dari bank atas nama KUD atau petani            losses.
     plasma dan akumulasi kerugian penurunan nilai.




                                                        23
Page 304
                                                             The original consolidated financial statements include herein are in the
                                                                                                               Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                       PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                       As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                           and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                               (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                 2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                         POLICIES INFORMATION (continued)

     Piutang Plasma (lanjutan)                                   Plasma Receivables (continued)

     Piutang plasma juga termasuk pinjaman talangan              Plasma receivables also include advances to
     kredit untuk membayar bunga dan cicilan pinjaman            plasma farmers for topping up the loan interest and
     ke bank, pinjaman pupuk serta sarana produksi               installment payments to banks and advances for
     pertanian lainnya kepada petani. Pinjaman-                  fertilizers and other agricultural supplies. These
     pinjaman ini akan ditagihkan kembali ke petani              advances shall be reimbursed by the plasma
     plasma.                                                     farmers.

     Piutang plasma diklasifikasikan sebagai aset                Plasma receivables are classified as financial assets
     keuangan pada biaya perolehan diamortisasi sesuai           at amortized cost under PSAK 109. Further
     dengan PSAK 109. Kebijakan akuntansi lebih lanjut           accounting policies on plasma receivables are
     atas piutang plasma diungkapkan pada bagian                 disclosed in “Financial Instruments” section of this
     “Instrumen Keuangan” dari Catatan ini.                      Note.

     Aset Tetap                                                  Fixed Assets

     Tanaman produktif                                           Bearer plants

     Tanaman produktif adalah tanaman hidup yang                 Bearer plants are living plants used in the production
     digunakan dalam produksi atau penyediaan produk             or supply of agricultural produce; are expected to
     agrikultur; diharapkan untuk menghasilkan produk            bear produce for more than one period; and have a
     untuk jangka waktu lebih dari satu periode; dan             remote likelihood of being sold as agricultural
     sangat jarang dijual sebagai produk agrikultur,             produce, except for incidental scrap sales.
     kecuali untuk penjualan sisa hanya sesekali.

     Tanaman produktif belum menghasilkan dinyatakan             Immature bearer plants are recognized at cost,
     sebesar biaya perolehan yang meliputi akumulasi             which consist mainly of the accumulated cost of land
     biaya persiapan lahan, penanaman bibit,                     clearing,     planting,    fertilizing  and      up-
     pemupukan, pemeliharaan dan alokasi biaya tidak             keeping/maintaining the plantations and allocations
     langsung lainnya sampai dengan saat tanaman                 of indirect overhead costs up to the time the trees
     yang bersangkutan dinyatakan menghasilkan dan               become commercially productive and available for
     dapat dipanen. Biaya-biaya tersebut juga termasuk           harvest. Costs also include capitalized borrowing
     kapitalisasi biaya pinjaman dan biaya-biaya lainnya         costs and other charges incurred in connection with
     yang terjadi sehubungan dengan pendanaan                    the financing of the development of immature bearer
     pengembangan         tanaman    produktif    belum          plants.
     menghasilkan.

     Kapitalisasi beban pinjaman tersebut berakhir ketika        Such capitalization of borrowing costs ceases when
     pohon-pohon telah menghasilkan dan siap untuk               the trees become commercially productive and
     dipanen. Tanaman produktif belum menghasilkan               available for harvest. Immature bearer plants are not
     tidak diamortisasi.                                         amortized.




                                                       24
Page 305
                                                                The original consolidated financial statements include herein are in the
                                                                                                                  Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                          PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                          As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                              and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                  (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     Aset Tetap (lanjutan)                                          Fixed Assets (continued)

     Tanaman produktif (lanjutan)                                   Bearer plants (continued)

     Tanaman         produktif  belum    menghasilkan               Immature bearer plants are reclassified to mature
     direklasifikasi    menjadi   tanaman     produktif             bearer plants when they are commercially
     menghasilkan pada saat tanaman dinyatakan                      productive and available for harvest. In general, an
     menghasilkan dan dapat dipanen. Secara umum,                   oil palm bearer plant takes about 3 to 4 years to
     tanaman produktif kelapa sawit memerlukan waktu                reach maturity from the time of planting the
     sekitar 3 sampai dengan 4 tahun sejak penanaman                seedlings to the field.
     bibit di area perkebunan untuk menjadi tanaman
     menghasilkan.

     Tanaman produktif kelapa sawit telah menghasilkan              Palm oil bearer plants is stated at cost, and is
     dinyatakan sebesar biaya perolehan, dan                        depreciated using the straight-line method over their
     disusutkan dengan menggunakan metode garis                     estimated useful lives of 25 years.
     lurus dengan perkiraan umur manfaat selama
     25 tahun.

     Jumlah tercatat tanaman produktif direviu atas                 The carrying amounts of bearer plants are reviewed
     penurunan nilai jika terdapat peristiwa atau                   for impairment when events or changes in
     perubahan keadaan yang mengindikasikan bahwa                   circumstances indicate that their carrying values
     jumlah tercatat mungkin tidak dapat seluruhnya                 may not be fully recoverable.
     terealisasi.

     Jumlah tercatat komponen dari suatu tanaman                    The carrying amount of an item of bearer plants is
     produktif dihentikan pengakuannya pada saat                    derecognized upon disposal or when no future
     dilepaskan atau saat sudah tidak ada lagi manfaat              economic benefits are expected from its use or
     ekonomi masa depan yang diharapkan dari                        disposal. Any gain or loss arising from the
     penggunaan maupun pelepasannya. Keuntungan                     derecognition of the asset (calculated as the
     atau kerugian yang timbul dari penghentian                     difference between the net disposal proceeds and
     pengakuan tersebut (ditentukan sebesar selisih                 the carrying amount of the asset) is directly included
     antara jumlah hasil pelepasan neto dan jumlah                  in the profit or loss of year the item is derecognized.
     tercatatnya) dimasukkan ke dalam laba rugi pada
     tahun penghentian pengakuan tersebut dilakukan.

     Umur manfaat aset dan metode penyusutan                        The asset useful lives and depreciation method are
     dievaluasi setiap akhir tahun pelaporan dan                    reviewed at the end of each reporting year and
     disesuaikan secara prospektif jika dipandang perlu.            adjusted prospectively if necessary.

     Beban pemeliharaan tanaman produktif dibebankan                Upkeep and maintenance costs of bearer plants are
     pada laba rugi pada saat terjadinya. Beban                     taken to the profit or loss when they are incurred.
     pemugaran dan penambahan dalam jumlah besar                    The cost of major renovation and restoration is
     dikapitalisasi kepada jumlah tercatat aset terkait bila        included in the carrying amount of the related asset
     besar kemungkinan bagi Grup manfaat ekonomi                    when it is probable that future economic benefits in
     masa depan menjadi lebih besar dari standar kinerja            excess of the originally assessed standard of
     awal yang ditetapkan sebelumnya dan disusutkan                 performance of the existing asset will flow to the
     sepanjang sisa masa manfaat aset terkait.                      Group and is depreciated over the remaining useful
                                                                    life of the related asset.




                                                          25
Page 306
                                                                    The original consolidated financial statements include herein are in the
                                                                                                                      Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                              PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                    AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                   FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                              As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                  and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                      (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                              Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                        2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                POLICIES INFORMATION (continued)

     Aset Tetap (lanjutan)                                              Fixed Assets (continued)

     Aset tetap lainnya                                                 Other fixed assets

     Aset tetap lainnya pada awalnya diakui sebesar                     All other fixed assets are initially recognized at cost,
     biaya perolehan, yang terdiri atas harga perolehan                 which comprises their purchase price and any costs
     dan biaya-biaya tambahan yang dapat diatribusikan                  directly attributable in bringing the asset to its
     langsung untuk membawa aset ke lokasi dan kondisi                  working condition and to the location where it is
     yang diinginkan agar aset siap digunakan. Biaya                    intended to be used. Cost of replacing part of fixed
     untuk mengganti komponen dari aset tetap pada                      assets, which met the recognition criteria, is
     saat penggantian, yang memenuhi kriteria                           recognized as part of cost.
     pengakuan, diakui sebagai bagian dari biaya
     perolehan.

     Setelah pengakuan awal, aset tetap, selain tanah,                  Subsequent to initial recognition, fixed assets,
     dinyatakan sebesar biaya perolehan dikurangi                       except land, are stated at cost less accumulated
     akumulasi penyusutan dan kerugian penurunan                        depreciation and impairment losses.
     nilai.

     Penyusutan aset dimulai pada saat aset tersebut                    Depreciation of an asset is commenced when the
     siap    untuk   digunakan     sesuai    maksud                     asset is available for use in the manner intended by
     penggunaannya oleh Grup dan dihitung dengan                        the Group and is computed using the straight-line
     menggunakan metode garis lurus berdasarkan                         method based on the estimated useful lives of the
     estimasi masa manfaat ekonomis sebagai berikut:                    assets as follow:

                                               Tahun/Years          Tarif/Rate

     Bangunan dan prasarana                             10-20             5%-10%                          Buildings and infrastructures
     Mesin dan peralatan                                   10                10%                            Machinery and equipment
     Alat berat dan kendaraan                     4 dan/and 8   25% dan/and 12,5%                       Heavy equipment and vehicles
     Perabot dan peralatan kantor                           4                25%                           Office furniture and fixtures

     Jumlah tercatat aset ini direviu atas penurunan nilai              The carrying amounts of these assets are reviewed
     jika terdapat peristiwa atau perubahan keadaan                     for impairment when events or changes in
     yang mengindikasikan bahwa jumlah tercatat                         circumstances indicate that their carrying values
     mungkin tidak dapat seluruhnya terealisasi.                        may not be fully recoverable.

     Jumlah tercatat komponen dari suatu aset                           The carrying amount of an item of these assets is
     dihentikan pengakuannya pada saat dilepaskan                       derecognized upon disposal or when no future
     atau saat sudah tidak ada lagi manfaat ekonomi                     economic benefits are expected from its use or
     masa depan yang diharapkan dari penggunaan                         disposal. Any gain or loss arising from the
     maupun pelepasannya. Keuntungan atau kerugian                      derecognition of the asset (calculated as the
     yang timbul dari penghentian pengakuan tersebut                    difference between the net disposal proceeds and
     (ditentukan sebesar selisih antara jumlah hasil                    the carrying amount of the asset) is directly included
     pelepasan neto dan jumlah tercatatnya) dimasukkan                  in the profit or loss of year the item is derecognized.
     ke dalam laba rugi pada tahun penghentian
     pengakuan tersebut dilakukan.

     Nilai residu, umur manfaat dan metode penyusutan                   The residual values, useful lives and depreciation
     aset tetap dievaluasi setiap akhir tahun pelaporan                 method of fixed assets are reviewed at the end of
     dan disesuaikan secara prospektif jika dipandang                   each reporting year and adjusted prospectively, if
     perlu.                                                             necessary.




                                                        26
Page 307
                                                                The original consolidated financial statements include herein are in the
                                                                                                                  Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                          PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                          As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                              and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                  (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     Aset Tetap (lanjutan)                                          Fixed Assets (continued)

     Aset tetap lainnya (lanjutan)                                  Other fixed assets (continued)

     Aset tetap dalam penyelesaian dinyatakan sebesar               Constructions in progress are stated at cost, which
     biaya perolehan yang meliputi, antara lain, biaya              includes, among others, construction costs,
     konstruksi, instalasi dan biaya-biaya lainnya                  instalation and other costs related to the
     sehubungan dengan penyelesaian aset. Akumulasi                 construction of the assets. The accumulated cost
     biaya tersebut akan direklasifikasi ke akun “Aset              will be reclassified to the appropriate “Fixed Assets”
     Tetap” yang bersangkutan pada saat aset tersebut               account when the construction is completed and the
     selesai dikerjakan dan siap digunakan. Aset tetap              asset is ready for its intended use. Assets under
     dalam penyelesaian tidak disusutkan sampai                     construction are not depreciated until they fulfill the
     memenuhi syarat pengakuan sebagai aset tetap                   criteria for asset recognition as fixed assets as
     seperti diungkapkan di atas.                                   disclosed above.

     Beban pemeliharaan dan perbaikan dibebankan                    Repairs and maintenance expenses are taken to the
     pada laba rugi pada saat terjadinya. Beban                     profit or loss when they are incurred. The cost of
     pemugaran dan penambahan dalam jumlah besar                    major renovation and restoration is included in the
     dikapitalisasi kepada jumlah tercatat aset terkait bila        carrying amount of the related asset when it is
     besar kemungkinan bagi Grup manfaat ekonomi                    probable that future economic benefits in excess of
     masa depan menjadi lebih besar dari standar kinerja            the originally assessed standard of performance of
     awal yang ditetapkan sebelumnya dan disusutkan                 the existing asset will flow to the Group and is
     sepanjang sisa masa manfaat aset terkait.                      depreciated over the remaining useful life of the
                                                                    related asset.

     Tanah termasuk biaya pengurusan legal hak atas                 Land, including legal cost of land rights in the form
     tanah dalam bentuk Hak Guna Usaha (“HGU”), Hak                 of Right to Cultivate (“Hak Guna Usaha” or “HGU”),
     Guna Bangunan (“HGB”) dan Hak Pakai (“HP”)                     Right to Build (“Hak Guna Bangunan” or “HGB”) and
     ketika tanah diperoleh pertama kali dinyatakan                 Right to Use (“Hak Pakai” or “HP”) when the land
     sebesar biaya perolehan dan tidak diamortisasi                 rights were acquired initially, is stated at cost and not
     karena     manajemen      berpendapat    bahwa                 amortized as the management is of the opinion that
     kemungkinan besar hak atas tanah tersebut dapat                it is probable the titles of land rights can be
     diperbaharui/diperpanjang   pada   saat   masa                 renewed/extended upon expiration.
     berlakunya selesai.




                                                          27
Page 308
                                                                The original consolidated financial statements include herein are in the
                                                                                                                  Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                          PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                          As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                              and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                  (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     Aset Biologis                                                  Biological Assets

     Aset biologis Grup terdiri dari produk agrikultur dari         The Group’s biological assets comprise agriculture
     tanaman produktif, yang terutama terdiri dari tandan           produce of the bearer plants, which primarily
     buah segar kelapa sawit (”TBS”).                               comprises oil palm’s fresh fruit bunches (“FFB”).

     Aset biologis dinyatakan sebesar nilai wajar                   Biological assets are stated at fair value less costs
     dikurangi biaya untuk menjual. Keuntungan atau                 to sell. Gains or losses arising on initial recognition
     kerugian yang timbul pada pengakuan awal produk                of agricultural produce at fair value less costs to sell
     agrikultur pada nilai wajar dikurangi biaya untuk              and from the change in fair value less costs to sell
     menjual dan dari perubahan nilai wajar dikurangi               of the biological assets at each reporting date are
     biaya untuk menjual dari aset biologis pada setiap             included in the profit or loss for the year in which they
     tanggal pelaporan dimasukkan dalam laba rugi pada              arise.
     tahun terjadinya.

     Nilai wajar dari produk agrikultur, termasuk produk            The fair value of the agricultural produce, including
     yang tumbuh dan sudah dipanen dari tanaman                     growing produce and harvested produce, of oil palm
     produktif kelapa sawit ditentukan pada Level 2                 bearer plants is determined at Level 2 by applying
     dengan menerapkan estimasi volume produksi                     the estimated volume of the produce to the market
     terhadap harga pasar yang berlaku pada tanggal                 price applicable at the reporting date. Costs to sell
     pelaporan. Biaya untuk menjual adalah biaya                    are the incremental costs directly attributable to the
     inkremental yang diatribusikan secara langsung                 disposal of an asset, excluding finance costs and
     untuk pelepasan aset, tidak termasuk beban                     income taxes.
     pembiayaan dan pajak penghasilan.

     Penurunan Nilai Aset Non-keuangan                              Impairment of Non-financial Assets

     Pada setiap akhir tahun pelaporan, Grup menilai                At the end of each reporting year, the Group
     apakah terdapat indikasi suatu aset mengalami                  assesses whether there is an indication that an
     penurunan nilai. Jika terdapat indikasi tersebut atau          asset may be impaired. If any such indication exists
     pada saat pengujian penurunan nilai aset                       or when impairment testing for an asset is required,
     diperlukan, maka Grup membuat estimasi jumlah                  the Group makes an estimate of the asset’s
     terpulihkan aset tersebut.                                     recoverable amount.

     Jumlah terpulihkan yang ditentukan untuk aset                  An assets’ recoverable amount which is determined
     individual adalah jumlah yang lebih tinggi antara nilai        for an individual asset is the higher of an asset’s or
     wajar aset atau unit penghasil kas (“UPK”) dikurangi           cash generating unit (“CGU”)’s fair value less costs
     biaya untuk menjual dengan nilai pakainya, kecuali             to sell and its value in use, unless the asset does not
     aset tersebut tidak menghasilkan arus kas masuk                generate cash inflows that are largely independent
     yang sebagian besar independen dari aset atau                  of those from other assets or group of assets.
     kelompok aset lain.

     Jika nilai tercatat aset atau UPK lebih besar                  Where the carrying value of an asset or CGU
     daripada jumlah terpulihkannya, maka aset tersebut             exceeds its recoverable amount, the asset is
     dipertimbangkan mengalami penurunan nilai dan                  considered impaired and is written down to its
     nilai tercatat aset diturunkan menjadi sebesar                 recoverable amount.
     jumlah terpulihkannya.




                                                          28
Page 309
                                                                 The original consolidated financial statements include herein are in the
                                                                                                                   Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                           PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                           As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                               and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                   (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                     2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                             POLICIES INFORMATION (continued)

     Penurunan Nilai Aset Non-keuangan (lanjutan)                    Impairment of Non-financial Assets (continued)

     Manajemen berpendapat bahwa tidak terdapat                      Management believes that there is no indication of
     indikasi penurunan nilai aset tetap dan aset non-               impairment in values of fixed assets and other non-
     keuangan tidak lancar lainnya yang disajikan dalam              current non-financial assets presented in the
     laporan posisi keuangan konsolidasian pada tanggal              consolidated statements of financial position as of
     31 Desember 2024 dan 2023.                                      December 31, 2024 and 2023.

     Imbalan Kerja                                                   Employee Benefits

     Grup mencatat penyisihan imbalan kerja untuk                    The Group makes provisions for employee benefits
     memenuhi dan menutup imbalan minimum yang                       in order to meet and cover the minimum benefits
     harus dibayar kepada karyawan-karyawan sesuai                   required to be paid to the qualified employees under
     dengan peraturan yang berlaku. Penyisihan tersebut              applicable regulation. The said provisions are
     diestimasi berdasarkan perhitungan aktuaria                     estimated based on actuarial calculations using the
     menggunakan metode “Projected Unit Credit”.                     “Projected Unit Credit” method.

     Pengukuran kembali, terdiri atas keuntungan dan                 Re-measurements, comprising of actuarial gains
     kerugian aktuarial, segera diakui pada laporan                  and losses, are recognized immediately in the
     posisi keuangan konsolidasian dengan pengaruh                   consolidated statement of financial position with a
     langsung didebit atau dikreditkan kepada saldo laba             corresponding debit or credit to retained earnings
     melalui PKL pada periode terjadinya. Pengukuran                 through OCI in the period in which they occur. Re-
     kembali tidak direklasifikasi ke laba rugi pada                 measurements are not reclassified to profit or loss in
     periode berikutnya.                                             subsequent periods.

     Biaya jasa lalu harus diakui sebagai beban pada                 Past service costs are recognized in profit or loss at
     saat yang lebih awal antara:                                    the earlier between:
     •   ketika program amandemen atau kurtailmen                    •    the date of the plan amendment or curtailment,
         terjadi; dan                                                     and
     •   ketika entitas mengakui biaya restrukturisasi               •    the date the Group recognizes related
         atau imbalan terminasi terkait.                                  restructuring costs.

     Bunga neto dihitung dengan menerapkan tingkat                   Net interest is calculated by applying the discount
     diskonto yang digunakan terhadap liabilitas imbalan             rate to the net defined benefits liability. The Group
     kerja. Grup mengakui perubahan berikut pada                     recognizes the following changes in the net defined
     kewajiban obligasi neto pada akun “Beban Pokok                  benefit obligation under “Cost of Goods Sold” and
     Penjualan” dan “Beban Umum dan Administrasi”                    “General and Administrative Expenses” as
     pada laporan laba rugi dan penghasilan                          appropriate in the consolidated statement of profit
     komprehensif lain konsolidasian:                                or loss and other comprehensive income:
     •    Biaya jasa terdiri atas biaya jasa kini, biaya jasa        •    Service costs comprising current service costs,
          lalu,   keuntungan       atau    kerugian      atas             past-service costs, gains or losses on
          penyelesaian (curtailment) tidak rutin, dan                     curtailments and non-routine settlements, and
     •    Beban atau penghasilan bunga neto.                         •    Net interest expense or income.




                                                           29
Page 310
                                                               The original consolidated financial statements include herein are in the
                                                                                                                 Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                         PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                         As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                             and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                 (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     Provisi                                                       Provisions

     Provisi diakui jika Grup memiliki kewajiban kini (baik        Provisions are recognized when the Group has a
     bersifat hukum maupun bersifat konstruktif) yang              present obligation (legal or constructive) where, as a
     akibat peristiwa masa lalu, besar kemungkinannya              result of a past event, it is probable that an outflow
     penyelesaian kewajiban tersebut mengakibatkan                 of resources embodying economic benefits will be
     arus keluar sumber daya yang mengandung                       required to settle the obligation and a reliable
     manfaat ekonomi dan estimasi yang andal mengenai              estimate can be made of the amount of the
     jumlah kewajiban tersebut dapat dibuat.                       obligation.

     Provisi ditelaah pada setiap tanggal pelaporan dan            Provisions are reviewed at each reporting date and
     disesuaikan untuk mencerminkan estimasi terbaik               adjusted to reflect the current best estimate. If it is
     yang paling kini. Jika arus keluar sumber daya untuk          no longer probable that an outflow of resources
     menyelesaikan kewajiban kemungkinan besar tidak               embodying economic benefits will be required to
     terjadi, maka provisi dibatalkan.                             settle the obligation, the provision is reversed.

     Pendapatan dari Kontrak dengan Pelanggan dan                  Revenue from Contracts with Customers and
     Pengakuan Beban                                               Recognition of Expenses

     Grup adalah produsen dan penjual minyak kelapa                The Group are producer and seller of crude palm oil,
     sawit, inti kelapa sawit dan minyak inti kelapa sawit.        palm kernels and crude palm kernel oil. Revenue
     Pendapatan dari kontrak dengan pelanggan diakui               from contracts with customers is recognized when
     ketika pengendalian atas barang, terutama minyak              control of the goods, primarily crude palm oil, palm
     kelapa sawit, inti kelapa sawit dan minyak inti kelapa        kernels and crude palm kernel oil are transferred to
     sawit dialihkan kepada pelanggan pada suatu                   the customers at an amount that reflects the
     jumlah yang mencerminkan imbalan yang                         consideration to which the Group expects to be
     diharapkan Grup sebagai imbalan atas barang                   entitled in exchange for those goods or services. The
     tersebut. Grup secara umum menyimpulkan bahwa                 Group has generally concluded that it is the principal
     mereka adalah prinsipal dalam pengaturan                      in its revenue arrangements.
     pendapatannya.

     Piutang usaha merupakan hak Grup atas sejumlah                Trade receivables represent the Group’s right to an
     imbalan yang tidak bersyarat (yaitu, hanya                    amount of consideration that is unconditional
     berlalunya waktu yang diperlukan sebelum                      (i.e., only the passage of time is required before
     pembayaran imbalan jatuh tempo). Lihat kebijakan              payment of the consideration is due). Refer to
     akuntansi aset keuangan di bagian Instrumen                   accounting policies of financial assets in Financial
     Keuangan mengenai pengakuan awal dan                          instruments section regarding initial recognition and
     pengukuran selanjutnya.                                       subsequent measurement.

     Jika pelanggan membayar imbalan sebelum Grup                  If a customer pays consideration before the Group
     mengalihkan barang atau jasa kepada pelanggan,                transfers goods or services to the customer,
     liabilitas kontrak diakui pada saat pembayaran                a contract liability is recognized when the payment
     dilakukan atau pembayaran jatuh tempo (mana                   is made or the payment is due (whichever is earlier).
     yang lebih awal). Liabilitas kontrak diakui sebagai           Contract liabilities are recognized as revenue when
     pendapatan       pada    saat   Grup     memenuhi             the Group fulfills its obligation under the contract.
     pelaksanaan kontrak.




                                                         30
Page 311
                                                              The original consolidated financial statements include herein are in the
                                                                                                                Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                        PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                        As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                            and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     Pendapatan dari Kontrak dengan Pelanggan dan                 Revenue from Contracts with Customers and
     Pengakuan Beban (lanjutan)                                   Recognition of Expenses (continued)

     Penghasilan/Beban Bunga                                      Interest Income/Expense

     Untuk semua instrumen keuangan yang diukur pada              For all financial instruments measured at amortized
     biaya perolehan diamortisasi, penghasilan atau               cost, interest income or expense is recorded using
     beban bunga dicatat dengan menggunakan metode                the EIR, which is the rate that exactly discounts the
     SBE, yaitu suku bunga yang secara tepat                      estimated future cash payments or receipts over the
     mendiskontokan estimasi pembayaran atau                      expected life of the financial instrument or a shorter
     penerimaan kas di masa yang akan datang selama               period, where appropriate, to the net carrying
     perkiraan umur dari instrumen keuangan, atau jika            amount of the financial asset or liability.
     lebih tepat, digunakan periode yang lebih singkat,
     untuk nilai tercatat neto dari aset keuangan atau
     liabilitas keuangan.

     Beban                                                        Expenses

     Beban diakui pada saat terjadinya (asas akrual).             Expenses are recognized when they are incurred
                                                                  (accrual basis).

     Transaksi dan Saldo dalam Mata Uang Asing                    Foreign Currency Transactions and Balances

     Mata uang pelaporan yang digunakan pada laporan              The reporting currency used in the consolidated
     keuangan konsoidasian adalah Rupiah, yang juga               financial statements is Indonesian Rupiah, which is
     merupakan mata uang fungsional Grup.                         also the Group’s functional currency.

     Tiap entitas dalam Grup menentukan mata uang                 Each entity in the Group determines its own
     fungsionalnya masing-masing dan mengukur                     functional currency and measures its transactions
     transaksi serta saldo-saldo laporan keuangannya              and financial statement balances in their respective
     dalam mata uang fungsional tersebut.                         functional currency.

     Transaksi dalam mata uang asing dicatat ke dalam             Transactions involving foreign currencies are
     Rupiah berdasarkan kurs yang berlaku pada saat               recorded in Rupiah at the rates of exchange
     transaksi dilakukan. Pada tanggal pelaporan, aset            prevailing at the time the transactions are made. At
     dan liabilitas moneter dalam mata uang asing                 the reporting date, monetary assets and liabilities
     dijabarkan sesuai dengan rata-rata kurs jual dan beli        denominated in foreign currencies are adjusted to
     yang diterbitkan oleh Bank Indonesia pada tanggal            reflect the average of the selling and buying rates of
     transaksi perbankan terakhir untuk tahun yang                exchange prevailing at the last banking transaction
     bersangkutan, dan laba atau rugi kurs yang timbul,           date of the year, as published by Bank Indonesia,
     dikreditkan atau dibebankan pada operasi tahun               and any resulting gains or losses are credited or
     bersangkutan, kecuali selisih kurs yang berasal dari         charged to operations of the current year, except for
     pinjaman dalam mata uang asing sepanjang selisih             exchange differences arising from foreign currency
     kurs tersebut diperlakukan sebagai penyesuaian atas          borrowing to the extent that they are regarded as an
     biaya bunga yang diperoleh dalam rangka                      adjustment to interest cost obtained to finance the
     pembiayaan pengembangan tanaman belum                        development of the immature plantations and land
     menghasilkan dan pembukaan lahan dimana                      clearing which are capitalized to the cost of the said
     dikapitalisasi ke dalam biaya perolehan masing-              assets.
     masing aset yang bersangkutan.




                                                        31
Page 312
                                                                     The original consolidated financial statements include herein are in the
                                                                                                                       Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                               PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                               As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                   and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                       (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                         2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                                 POLICIES INFORMATION (continued)

     Transaksi dan Saldo dalam Mata Uang Asing                            Foreign Currency Transactions and Balances
     (lanjutan)                                                           (continued)

     Pada tanggal 31 Desember 2024, nilai tukar yang                     As of December 31, 2024, the rate of exchange
     digunakan untuk Dolar Amerika Serikat (Dolar AS)                    used for United States Dollar (US Dollar) was
     sebesar Rp16.162 (2023: Rp15.416).                                  Rp16,162 (2023: Rp15,416).

     Transaksi dalam mata uang asing selain Dolar AS                     Transactions in foreign currencies other than
     adalah tidak signifikan.                                            US Dollar are not significant.

     Sewa                                                                 Leases

     Grup menilai pada saat insepsi kontrak apabila                      The Group assesses at contract inception whether
     kontrak tersebut adalah, atau mengandung, sewa.                     a contract is, or contains, a lease. That is, if the
     Yaitu, bila kontrak tersebut memberikan hak untuk                   contract conveys the right to control the use of an
     mengendalikan penggunaan aset identifikasian                        identified asset for a period of time in exchange for
     selama suatu jangka waktu untuk dipertukarkan                       consideration.
     dengan imbalan.

     Grup sebagai penyewa                                                Group as a lessee

     Grup menerapkan pendekatan pengakuan dan                            The Group applies a single recognition and
     pengukuran tunggal untuk semua sewa, kecuali                        measurement approach for all leases, except for
     untuk sewa jangka-pendek dan sewa yang aset                         short-term leases and leases of low-value assets.
     pendasarnya bernilai-rendah. Grup mengakui                          The Group recognizes lease liabilities to make lease
     liabilitas sewa untuk melakukan pembayaran sewa                     payments and right-of-use assets representing the
     dan aset hak-guna yang mewakili hak untuk                           right to use the underlying assets.
     menggunakan aset pendasar.

     Aset hak-guna                                                       Right-of-use assets

     Grup mengakui aset hak-guna pada tanggal                            The Group recognizes right-of-use assets at the
     permulaan sewa (yaitu tanggal aset pendasar                         commencement date of the lease (i.e., the date the
     tersedia untuk digunakan). Aset hak-guna diukur                     underlying asset is available for use). Right-of-use
     pada harga perolehan, dikurangi akumulasi                           assets are measured at cost, less any accumulated
     penyusutan dan penurunan nilai, serta disesuaikan                   depreciation and impairment losses, and adjusted
     dengan pengukuran kembali liabilitas sewa. Biaya                    for any remeasurement of lease liabilities. The cost
     perolehan aset hak-guna mencakup jumlah liabilitas                  of right-of-use assets includes the amount of lease
     sewa yang diakui, biaya langsung awal yang terjadi,                 liabilities recognized, initial direct costs incurred,
     dan pembayaran sewa yang dilakukan pada atau                        and lease payments made at or before the
     sebelum tanggal permulaan dikurangi setiap insentif                 commencement date less any lease incentives
     sewa yang diterima. Aset hak-guna disusutkan                        received. Right-of-use assets are depreciated on
     dengan metode garis lurus selama periode yang lebih                 a straight-line basis over the shorter of the lease
     pendek antara sewa dan estimasi masa manfaat                        term and the estimated useful lives of the assets, as
     aset, sebagai berikut:                                              follows:

                                                      Tahun/Years

              Bangunan                                     1 - 10                                      Buildings
              Alat berat dan kendaraan                      1-4                     Heavy equipment and vehicles
              Mesin dan peralatan                           2-5                         Machinery and equipment




                                                      32
Page 313
                                                               The original consolidated financial statements include herein are in the
                                                                                                                 Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                         PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                         As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                             and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                 (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                   2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                           POLICIES INFORMATION (continued)

     Sewa (lanjutan)                                               Leases (continued)

     Grup sebagai penyewa (lanjutan)                               Group as a lessee (continued)

     Jika kepemilikan aset pendasar sewa beralih ke Grup           If ownership of the leased asset transfers to the
     pada akhir masa sewa atau biaya perolehan aset                Group at the end of the lease term or the cost
     hak-guna merefleksikan Grup akan mengeksekusi                 reflects the exercise of a purchase option,
     opsi beli, maka penyusutan aset hak-guna dihitung             depreciation is calculated using the estimated
     menggunakan estimasi masa manfaat aset. Aset                  useful life of the asset.The right-of-use assets are
     hak-guna juga dievaluasi untuk penurunan nilai.               also assessed for impairment.

     Liabilitas Sewa                                               Lease Liabilities

     Pada tanggal permulaan sewa, Grup mengakui                    At the commencement date of the lease, the Group
     liabilitas sewa yang diukur pada nilai kini pembayaran        recognizes lease liabilities measured at the present
     sewa yang harus dilakukan selama masa sewa.                   value of lease payments to be made over the lease
                                                                   term.

     Pembayaran      sewa juga mencakup harga                      The lease payments also include the exercise price
     pelaksanaan dari opsi beli yang secara wajar pasti            of a purchase option reasonably certain to be
     dilaksanakan oleh Grup dan pembayaran pinalti                 exercised by the Group and payments of penalties
     untuk mengakhiri sewa, jika masa sewa                         for terminating the lease, if the lease term reflects
     merefleksikan adanya opsi dapat mengakhiri sewa.              exercising the option to terminate. Variable lease
     Pembayaran sewa variabel yang tidak bergantung                payments that do not depend on an index or a rate
     pada indeks atau tarif diakui sebagai beban pada              are recognized as expenses in the period in which
     periode terjadinya peristiwa atau kondisi yang                the event or condition that triggers the payment
     memicu terjadinya pembayaran tersebut.                        occurs.

     Dalam menghitung nilai kini pembayaran sewa, Grup             In calculating the present value of lease payments,
     menggunakan Suku Bunga Pinjaman Inkremental                   the Group uses its Incremental Borrowing Rate
     (“SBPI”) pada tanggal permulaan sewa karena suku              (“IBR”) at the lease commencement date because
     bunga implisit dalam sewa tidak dapat langsung                the interest rate implicit in the lease is not readily
     ditentukan. Setelah tanggal permulaan, jumlah                 determinable. After the commencement date, the
     kewajiban sewa ditingkatkan untuk mencerminkan                amount of lease liabilities is increased to reflect the
     akresi bunga (atas efek diskonto) dan dikurangi untuk         accretion of interest and reduced for the lease
     pembayaran sewa yang dilakukan. Selain itu, nilai             payments made. In addition, the carrying amount of
     tercatat liabilitas sewa diukur kembali jika terdapat         lease liabilities is remeasured if there is a
     modifikasi, perubahan masa sewa, perubahan                    modification, a change in the lease term, a change
     pembayaran sewa, atau perubahan penilaian atas                in the lease payments or a change in the
     opsi untuk membeli aset pendasar.                             assessment of an option to purchase the underlying
                                                                   asset.




                                                         33
Page 314
                                                             The original consolidated financial statements include herein are in the
                                                                                                               Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                       PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                       As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                           and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                               (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                 2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                         POLICIES INFORMATION (continued)

     Sewa (lanjutan)                                             Leases (continued)

     Grup sebagai penyewa (lanjutan)                             Group as a lessee (continued)

     Sewa Jangka Pendek dan Sewa atas Aset Bernilai              Short-term Leases and Leases of Low-value Assets
     Rendah

     Grup menerapkan pengecualian pengakuan sewa                 The Group applies the short-term lease recognition
     jangka pendek untuk sewa yang jangka waktu                  exemption to its short-term leases (i.e., those leases
     sewanya pendek (yaitu, sewa yang memiliki jangka            that have a lease term of 12 months or less from the
     waktu sewa 12 bulan atau kurang dari tanggal                commencement date and do not contain a purchase
     permulaan dan tidak memiliki opsi beli). Grup juga          option). The Group also applies the lease of low-
     menerapkan pengecualian pengakuan sewa dengan               value assets recognition exemption to leases that
     aset bernilai rendah untuk sewa yang aset                   are considered to be low value. Lease payments on
     pendasarnya dianggap bernilai rendah. Pembayaran            short-term leases and leases of low-value
     sewa untuk sewa jangka pendek dan sewa dari aset            underlying assets are recognized as expense on a
     bernilai rendah diakui sebagai beban dengan metode          straight-line basis over the lease term.
     garis lurus selama masa sewa.

     Perpajakan                                                  Taxation

     Pajak Kini                                                  Current Tax

     Aset dan liabilitas pajak kini diukur sebesar jumlah        Current income tax assets and liabilities are
     yang diharapkan dapat direstitusi dari atau                 measured at the amount expected to be recovered
     dibayarkan kepada otoritas perpajakan. Tarif pajak          from or paid to the taxation authority. The tax rates
     dan peraturan pajak yang digunakan untuk                    and tax laws used to compute the amount are those
     menghitung jumlah tersebut adalah yang telah                that are enacted or substantively enacted at the
     berlaku atau secara substantif telah berlaku pada           reporting date in the countries where the Group
     tanggal pelaporan di negara tempat Grup beroperasi          operates and generates taxable income.
     dan menghasilkan pendapatan kena pajak.

     Bunga dan denda disajikan sebagai bagian dari               Interests and penalties are presented as part of
     penghasilan atau beban operasi lain karena tidak            other operating income or expenses since they are
     dianggap sebagai bagian dari beban pajak                    not considered as part of the income tax expense.
     penghasilan.




                                                       34
Page 315
                                                              The original consolidated financial statements include herein are in the
                                                                                                                Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                        PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                        As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                            and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                  2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                          POLICIES INFORMATION (continued)

     Perpajakan (lanjutan)                                        Taxation (continued)

     Pajak Tangguhan                                              Deferred Tax

     Pajak tangguhan diakui dengan menggunakan                    Deferred tax is provided using the liability method on
     metode liabilitas atas perbedaan temporer pada               temporary differences at the reporting date between
     tanggal pelaporan antara dasar pengenaan pajak               the tax bases of assets and liabilities and their
     dari aset dan liabilitas dan jumlah tercatatnya untuk        carrying amounts for financial reporting purposes at
     tujuan pelaporan keuangan pada tanggal pelaporan.            the reporting date.

     Liabilitas pajak tangguhan diakui untuk semua                Deferred tax liabilities are recognized for all taxable
     perbedaan temporer yang kena pajak, kecuali:                 temporary differences, except:
      i. liabilitas pajak tangguhan yang terjadi dari              i. when the deferred tax liability arises from the
         pengakuan awal goodwill atau dari aset atau                  initial recognition of goodwill or an asset or
         liabilitas dari transaksi yang bukan transaksi               liability in a transaction that is not a business
         kombinasi bisnis, dan pada waktu transaksi                   combination and, at the time of the transaction,
         tidak mempengaruhi laba akuntansi dan laba                   affects neither the accounting profit nor taxable
         kena pajak/rugi pajak;                                       profit or loss;
     ii. dari perbedaan temporer kena pajak atas                  ii. in respect of taxable temporary differences
         investasi pada entitas anak, yang saat                       associated with investments in subsidiaries,
         pembalikannya dapat dikendalikan dan besar                   when the timing of the reversal of the temporary
         kemungkinannya bahwa beda temporer itu tidak                 differences can be controlled and it is probable
         akan dibalik dalam waktu dekat.                              that the temporary differences will not reverse in
                                                                      the foreseeable future.

     Aset pajak tangguhan diakui untuk seluruh                    Deferred tax assets are recognized for all deductible
     perbedaan temporer yang dapat dikurangkan dan                temporary differences and carry forward of unused
     akumulasi rugi pajak belum dikompensasi, bila                tax losses, to the extent that it is probable that
     kemungkinan besar laba kena pajak akan tersedia              taxable profits will be available against which
     sehingga perbedaan temporer dapat dikurangkan                deductible temporary differences, and the carry
     tersebut, dan rugi pajak belum dikompensasi, dapat           forward of unused tax losses can be utilized, except:
     dimanfaatkan, kecuali:
      i. jika aset pajak tangguhan timbul dari                     i. where the deferred tax asset relating to the
         pengakuan awal aset atau liabilitas dalam                    deductible temporary difference arises from the
         transaksi yang bukan transaksi kombinasi bisnis              initial recognition of an asset or liability in a
         dan tidak mempengaruhi laba akuntansi                        transaction that is not a business combination
         maupun laba kena pajak/rugi pajak; atau                      and, at the time of the transaction, affects
                                                                      neither the accounting profit nor taxable profit or
                                                                      loss; or
     ii.   dari perbedaan temporer yang dapat                     ii. in respect of deductible temporary differences
           dikurangkan atas investasi pada entitas anak,              associated with investments in subsidiaries,
           aset pajak tangguhan hanya diakui bila besar               deferred tax assets are recognized only to the
           kemungkinannya bahwa beda temporer itu tidak               extent that it is probable that the temporary
           akan dibalik dalam waktu dekat dan laba kena               differences will reverse in the foreseeable future
           pajak dapat dikompensasi dengan beda                       and taxable profit will be available against which
           temporer tersebut.                                         the temporary differences can be utilized.




                                                        35
Page 316
                                                                The original consolidated financial statements include herein are in the
                                                                                                                  Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                          PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                          As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                              and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                  (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI                    2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                            POLICIES INFORMATION (continued)

     Perpajakan (lanjutan)                                          Taxation (continued)

     Pajak Tangguhan (lanjutan)                                     Deferred Tax (continued)

     Jumlah tercatat aset pajak tangguhan ditelaah pada             The carrying amount of a deferred tax asset is
     setiap tanggal pelaporan dan diturunkan apabila                reviewed at each reporting date and reduced to the
     laba kena pajak mungkin tidak memadai untuk                    extent that it is no longer probable that sufficient
     mengkompensasi sebagian atau semua manfaat                     taxable profit will be available to allow all or part of
     aset pajak tangguhan. Aset pajak tangguhan yang                the benefit of that deferred tax asset to be utilized.
     tidak diakui ditinjau ulang pada setiap tanggal                Unrecognized deferred tax assets are reassessed at
     pelaporan dan akan diakui apabila besar                        each reporting date and are recognized to the extent
     kemungkinan bahwa laba kena pajak pada masa                    that it has become probable that future taxable profit
     yang akan datang akan tersedia untuk                           will allow the deferred tax assets to be recovered.
     pemulihannya.

     Aset dan liabilitas pajak tangguhan diukur dengan              Deferred tax assets and liabilities are measured at
     menggunakan tarif pajak yang diperkirakan akan                 the tax rates that are expected to apply to the year
     berlaku pada tahun saat aset dipulihkan atau                   when the asset is realized or the liability is settled,
     liabilitas diselesaikan berdasarkan tarif pajak dan            based on tax rates and tax laws that have been
     peraturan pajak yang telah berlaku atau yang secara            enacted or substantively enacted as at the reporting
     substantif telah berlaku pada tanggal pelaporan.               date.

     Pajak tangguhan terkait dengan pos-pos yang                    Deferred tax relating to items recognized outside
     diakui di luar laba rugi diakui di luar laba rugi. Item        profit or loss is recognized outside profit or loss.
     pajak tangguhan diakui sesuai dengan transaksi                 Deferred tax items are recognized in correlation to
     yang mendasarinya baik di PKL maupun secara                    the underlying transaction either in OCI or directly in
     langsung di ekuitas.                                           equity.

     Pajak Pertambahan Nilai (“PPN”)                                Value Added Tax (“VAT”)

     Pendapatan, beban-beban dan aset-aset diakui                   Revenue, expenses and assets are recognized net
     neto atas jumlah PPN kecuali:                                  of the amount of VAT except:
     i) PPN yang muncul dari pembelian aset atau jasa               i) where the VAT incurred on a purchase of
         yang tidak dapat dikreditkan, yang dalam hal ini                assets or services is not recoverable, in which
         PPN diakui sebagai bagian dari biaya perolehan                  case the VAT is recognized as part of the cost
         aset atau sebagai bagian dari item beban-                       of acquisition of the asset or as part of the
         beban yang diterapkan; dan                                      expense item as applicable; and
     ii) Piutang dan utang yang disajikan termasuk                  ii) Receivables and payables are stated with the
         dengan jumlah PPN.                                              amount of VAT included.

     Jumlah PPN neto yang diajukan untuk direstitusi,               The net amount of VAT which is claimed for
     atau terutang kepada, kantor pajak termasuk                    restitution from, or payable to, the taxation
     sebagai bagian dari aset atau liabilitas pada laporan          authorities is included as part of assets or liabilities
     posisi keuangan konsolidasian.                                 in the consolidated statement of financial position.

     Pajak Final                                                    Final Tax

     Sesuai peraturan perpajakan di Indonesia, pajak                In accordance with the tax regulation in Indonesia,
     final dikenakan atas nilai bruto transaksi, dan tetap          final tax is applied to the gross value of transactions,
     dikenakan walaupun atas transaksi tersebut pelaku              even when the parties carrying the transaction
     transaksi mengalami kerugian.                                  recognizing losses.

     Pajak final tidak termasuk dalam lingkup yang diatur           Final tax is scoped out from PSAK 212: Income Tax.
     oleh PSAK 212: Pajak Penghasilan.


                                                          36
Page 317
                                                           The original consolidated financial statements include herein are in the
                                                                                                             Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                     PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                     As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                         and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                             (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                     Unless Otherwise Stated)


2.   IKHTISAR INFORMASI KEBIJAKAN AKUNTANSI               2.   SUMMARY OF MATERIAL ACCOUNTING
     MATERIAL (lanjutan)                                       POLICIES INFORMATION (continued)

     Laba per Saham                                            Earnings per Share

     Laba per saham dihitung berdasarkan rata-rata             Earnings per share is computed based on the
     tertimbang jumlah saham yang beredar selama               weighted average number of issued and fully paid
     periode yang bersangkutan.                                shares during the period.

     Perusahaan tidak mempunyai efek berpotensi saham          The Company has no outstanding dilutive potential
     biasa  yang bersifat    dilutif   pada tanggal            ordinary shares as of December 31, 2024.
     31 Desember 2024.

     Informasi Segmen                                          Segment Information

     Untuk tujuan manajemen, Grup dibagi menjadi dua           For management purposes, the Group is organized
     segmen operasi berdasarkan produk dan jasa yang           into two operating segments based on their products
     dikelola secara independen oleh masing-masing             and services which are independently managed by
     pengelola segmen yang bertanggung jawab atas              the respective segment managers responsible for
     kinerja dari masing-masing segmen. Para pengelola         the performance of the respective segments under
     segmen melaporkan secara langsung kepada                  their charge. The segment managers report directly
     manajemen Grup yang secara teratur mengkaji laba          to the management who regularly review the
     segmen sebagai dasar untuk mengalokasikan                 segment results in order to allocate resources to the
     sumber daya ke masing-masing segmen dan untuk             segments and to assess the segment performance.
     menilai kinerja segmen.


3.   PERTIMBANGAN, ESTIMASI DAN               ASUMSI      3.   SIGNIFICANT  ACCOUNTING   JUDGMENTS,
     AKUNTANSI YANG SIGNIFIKAN                                 ESTIMATES AND ASSUMPTIONS

     Penyusunan laporan keuangan konsolidasian Grup            The preparation of the Group’s consolidated
     mengharuskan manajemen untuk membuat                      financial statements requires management to make
     pertimbangan, estimasi dan asumsi yang                    judgments, estimates and assumptions that affect
     mempengaruhi jumlah yang dilaporkan dari                  the reported amounts of revenues, expenses,
     pendapatan, beban, aset dan liabilitas, pada akhir        assets and liabilities, at the end of the reporting
     periode pelaporan. Ketidakpastian mengenai                period. Uncertainty about these assumptions and
     asumsi dan estimasi tersebut dapat mengakibatkan          estimates could result in outcomes that require
     penyesuaian material terhadap nilai tercatat aset         a material adjustment to the carrying amount of the
     dan liabilitas dalam periode pelaporan berikutnya.        asset and liability affected in future periods.




                                                     37
Page 318
                                                              The original consolidated financial statements include herein are in the
                                                                                                                Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                        PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                        As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                            and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


3.   PERTIMBANGAN, ESTIMASI DAN ASUMSI                       3.   SIGNIFICANT  ACCOUNTING    JUDGMENTS,
     AKUNTANSI YANG SIGNIFIKAN (lanjutan)                         ESTIMATES AND ASSUMPTIONS (continued)

     Pertimbangan                                                 Judgments

     Pertimbangan berikut ini dibuat oleh manajemen               The following judgments are made by management
     dalam rangka penerapan kebijakan akuntansi Grup              in the process of applying the Group’s accounting
     yang memiliki pengaruh paling signifikan atas                policies that have the most significant effects on the
     jumlah yang diakui dalam laporan keuangan                    amounts recognized in the consolidated financial
     konsolidasian:                                               statements:

     Perpajakan                                                   Taxes

     Ketidakpastian atas interpretasi dari peraturan pajak        Uncertainties exist with respect to the interpretation
     yang kompleks, perubahan peraturan pajak dan                 of complex tax regulations, changes in tax laws, and
     jumlah dan timbulnya penghasilan kena pajak di               the amount and timing of future taxable income,
     masa depan, dapat menyebabkan penyesuaian di                 could necessitate future adjustments to tax income
     masa depan atas penghasilan dan beban pajak                  and expense already recorded. Judgment is also
     yang telah dicatat. Pertimbangan juga dilakukan              involved in determining the provision for corporate
     dalam menentukan penyisihan atas pajak                       income tax. There are certain transactions and
     penghasilan badan. Terdapat transaksi dan                    computation for which the ultimate tax determination
     perhitungan tertentu yang penentuan pajak akhirnya           is uncertain during the ordinary course of business.
     adalah tidak pasti sepanjang kegiatan usaha                  Further details regarding taxation are disclosed in
     normal. Penjelasan lebih rinci mengenai perpajakan           Note 11.
     diungkapkan dalam Catatan 11.

     Tagihan dan Keberatan atas Hasil Pemeriksaan                 Claims for Tax Refund and Tax Assessment Under
     Pajak                                                        Appeal

     Berdasarkan peraturan perpajakan yang berlaku                Based on the tax regulations currently enacted, the
     saat ini, manajemen mempertimbangkan apakah                  management judged if the amounts recorded under
     jumlah yang tercatat dalam akun di atas dapat                the above account are recoverable and refundable
     dipulihkan dan direstitusi oleh Kantor Pajak.                by the Tax Office. Further explanations regarding
     Penjelasan lebih lanjut atas akun ini akan                   this account are disclosed in Note 11.
     diungkapkan pada Catatan 11.

     Estimasi dan Asumsi                                          Estimates and Assumptions

     Asumsi utama masa depan dan sumber utama                     The key assumptions concerning the future and
     estimasi ketidakpastian lain pada tanggal pelaporan          other key sources of estimation uncertainty at the
     yang memiliki risiko signifikan bagi penyesuaian             reporting date that have a significant risk of causing
     yang material terhadap nilai tercatat aset dan               a material adjustment to the carrying amounts of
     liabilitas untuk tahun berikutnya diungkapkan di             assets and liabilities within the next financial year
     bawah ini. Grup mendasarkan asumsi dan estimasi              are disclosed below. The Group based its
     pada parameter yang tersedia pada saat laporan               assumptions and estimates on parameters available
     keuangan konsolidasian disusun. Asumsi dan                   when the consolidated financial statements were
     situasi mengenai perkembangan masa depan                     prepared. Existing circumstances and assumptions
     mungkin berubah akibat perubahan pasar atau                  about future developments may change due to
     situasi di luar kendali Grup. Perubahan tersebut             market changes or circumstances arising beyond
     dicerminkan dalam asumsi terkait pada saat                   the control of the Group. Such changes are reflected
     terjadinya.                                                  in the assumptions when they occur.

     Penyisihan atas Penurunan Nilai Piutang Plasma               Allowance for Impairment of Plasma Receivables
     Seperti diungkapkan dalam Catatan 2, piutang                 As discussed in Note 2, plasma receivables
     plasma merupakan biaya-biaya yang dikeluarkan                represents disbursements made for the costs to
     untuk pengembangan perkebunan plasma. Grup                   develop plasma plantations. The Group estimates
     menetapkan estimasi penyisihan penurunan nilai               allowance for impairment of plasma receivables
     piutang plasma dengan menggunakan pendekatan                 using general approach of ECL as these receivables
     umum KKE karena piutang ini mengandung                       contain significant financing component.
     komponen pembiayaan yang signifikan.

                                                        38
Page 319
                                                               The original consolidated financial statements include herein are in the
                                                                                                                 Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                         PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                         As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                             and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                 (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


3.   PERTIMBANGAN, ESTIMASI DAN                  ASUMSI       3.   SIGNIFICANT  ACCOUNTING    JUDGMENTS,
     AKUNTANSI SIGNIFIKAN (lanjutan)                               ESTIMATES AND ASSUMPTIONS (continued)

     Estimasi dan Asumsi (lanjutan)                                Estimates and Assumptions (continued)

     Penyisihan atas Penurunan Nilai Piutang Plasma                Allowance for Impairment of Plasma Receivables
     (lanjutan)                                                    (continued)

     Jika belum ada peningkatan risiko kredit yang                 When there has not been significant increase in
     signifikan sejak awal kontrak, penyisihan didasarkan          credit risk since origination, the allowance is based
     pada KKE 12 bulan. Grup menetapkan piutang dari               on the 12-months’ ECL. The Group primarily
     masing-masing       proyek     plasma      mengalami          determined a receivable from individual plasma
     peningkatan risiko kredit yang signifikan ketika biaya        project has significant increase in credit risk when
     pengembangan aktual per hektar melebihi biaya                 the actual development cost per hectare is
     pengembangan per hektar yang disepakati dalam                 exceeding the agreed development cost per hectare
     perjanjian kredit antara koperasi dan kreditur. Pada          as stated in the credit agreement between the
     titik ini, Grup menetapkan estimasi kerugian                  cooperatives and the creditor. At this point, the
     penurunan nilai menggunakan KKE sepanjang                     Group estimates the impairment loss using lifetime
     umurnya.                                                      ECLs.

     Grup menghitung KKE sepanjang umurnya                         The Group calculates lifetime ECL based on the
     berdasarkan     perkiraan     kekurangan       kas,           expected cash shortfalls, discounted at an
     didiskontokan dengan perkiraan SBE awal.                      approximation of the original EIR. A cash shortfall is
     Kekurangan kas adalah selisih antara arus kas yang            the difference between the cash flows that are due
     menjadi hak Grup sesuai kontrak dan arus kas yang             to the Group in accordance with the contract and the
     diharapkan akan diterima Grup, yang diestimasi                cash flows that the Group expects to receive, which
     berdasarkan pendapatan dari perkebunan plasma                 is estimated based on the revenues from the plasma
     dikurangi biaya penjualan dan pembayaran pokok                plantations deducted with the costs of sales and
     dan bunga ke bank.                                            principal and interest payments to the bank.

     Input utama yang digunakan untuk estimasi ini                 The key inputs applied for this estimation are the
     adalah harga jual TBS, hasil produksi perkebunan              selling price of FFB, production yield of the plasma
     plasma, biaya produksi dan tingkat inflasi.                   plantations, production costs and inflation rate.
     Penyisihan ini dievaluasi ulang dan disesuaikan               These provisions are re-evaluated and adjusted as
     dengan tambahan informasi yang diterima pada                  additional information is received at each reporting
     setiap tanggal pelaporan.                                     date.

     Nilai tercatat atas piutang plasma Grup sebelum               The carrying amount of the Group’s plasma
     penyisihan penurunan nilai pada tanggal                       receivables before allowance for impairment as of
     31 Desember 2024 adalah sebesar Rp233.148.233                 December 31, 2024 was Rp233,148,233 (2023:
     (2023: Rp223.128.790). Penjelasan lebih rinci atas            Rp223,128,790). Further details on plasma
     piutang plasma diungkapkan dalam Catatan 7.                   receivables are disclosed in Note 7.




                                                         39
Page 320
                                                              The original consolidated financial statements include herein are in the
                                                                                                                Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                          PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                          As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                              and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                  (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


4.   KAS DAN SETARA KAS                                      4.     CASH AND CASH EQUIVALENTS

     Rincian kas dan setara kas adalah sebagai berikut:             The details of cash and cash equivalents are as
                                                                    follows:

                                                2024              2023

     Kas                                           966.330          1.063.540                                      Cash on hand

     Bank                                                                                                     Cash in banks
        Rekening Rupiah                                                                                 Rupiah accounts
           PT Bank Mandiri (Persero) Tbk                                                 PT Bank Mandiri (Persero) Tbk
             ("Bank Mandiri")                  188.857.237        293.567.696                       ("Bank Mandiri")
           PT Bank Negara Indonesia                                                         PT Bank Negara Indonesia
             (Persero) Tbk ("BNI")               8.729.299         26.947.924                  (Persero) Tbk ("BNI")
           Lain-lain                               110.697            840.024                                   Others

        Rekening Dolar AS                                                                                US Dollar accounts
           Lain-lain                               229.137            213.190                                      Others

        Sub-total                              197.926.370        321.568.834                                         Sub-total

     Deposito berjangka                                                                                           Time deposits
       Rupiah                                                                                                        Rupiah
           Bank Mandiri                        280.000.000        260.000.000                                 Bank Mandiri
           BNI                                   7.000.000                  -                                         BNI

        Dolar AS                                                                                                   US Dollar
           Bank Mandiri                            694.966            662.888                                 Bank Mandiri

        Sub-total                              287.694.966        260.662.888                                         Sub-total

     Total                                     486.587.666        583.295.262                                                Total


     Suku bunga tahunan atas deposito berjangka                     Time deposits earned interest at the following
     adalah:                                                        ranges of annual rates:

                                                2024              2023

     Rupiah                                    2,10%-6,00%        1,80%-6,00%                                              Rupiah
     Dolar AS                                        0,75%              0,75%                                            US Dollar




                                                       40
Page 321
                                                                 The original consolidated financial statements include herein are in the
                                                                                                                   Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                             PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                   AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                               NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                  FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                             As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                 and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                     (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                             Unless Otherwise Stated)


5.   PERSEDIAAN                                                 5.    INVENTORIES

     Rincian persediaan adalah sebagai berikut:                       The details of inventories are as follows:

                                                  2024               2023
     Minyak dan inti kelapa sawit,                                                                  Crude palm oil and palm kernel,
        pada biaya perolehan (Catatan 16)         380.903.208        180.985.222                              at cost (Note 16)
     Pupuk, pada biaya perolehan atau                                                                      Fertilizers, at cost or net
        nilai realisasi neto                       70.113.627         47.892.074                                realizable value
     Suku cadang dan persediaan lainnya,
        pada biaya perolehan                       72.733.232         75.351.486                     Spare parts and others, at cost

     Total                                        523.750.067        304.228.782                                                 Total



     Analisis mutasi saldo penyisihan atas nilai realisasi            An analysis of the movements in the balance of
     neto persediaan adalah sebagai berikut:                          allowance for net realizable value of inventories are
                                                                      as follows:

                                                  2024               2023
     Saldo awal                                       68.292                68.292                                 Beginning balance

     Saldo akhir                                      68.292                68.292                                  Ending balance



     Berdasarkan hasil penelaahan terhadap harga                      Based on a review of the market prices and physical
     pasar dan kondisi fisik dari persediaan pada tanggal             conditions of the inventories at the reporting dates,
     pelaporan, manajemen Grup berkeyakinan bahwa                     the Group’s management believes that the
     penyisihan atas nilai realisasi neto persediaan di               allowance for net realizable value of inventories is
     atas cukup untuk menutup kemungkinan kerugian                    sufficient to cover possible losses from impairment
     dari penurunan nilai persediaan tersebut.                        of such inventories.

     Untuk tahun yang berakhir pada tanggal                           For the year ended December 31, 2024 and 2023,
     31 Desember 2024 dan 2023, biaya persediaan                      the cost of inventories recognized as expense and
     yang diakui sebagai beban dan disajikan sebagai                  presented as part of “Cost of Goods Sold”
     bagian dari akun “Beban Pokok Penjualan”                         account amounted to Rp2,096,118,107 and
     masing-masing sebesar Rp2.096.118.107 dan                        Rp1,918,323,638.
     Rp1.918.323.638.

     Pada tanggal 31 Desember 2024, persediaan Grup                   As of December 31, 2024, the Group’s inventories
     telah diasuransikan terhadap risiko kerugian atas                were covered by insurance against the risk of loss
     bencana alam, kebakaran, sabotase dan perusakan                  due to natural disaster, fire, sabotage and vandalism
     berdasarkan suatu paket polis tertentu dengan                    under a certain policy package coverage amounting
     jumlah pertanggungan sebesar Rp90.835.000                        to    Rp90,835,000         (2023:    Rp128,580,000).
     (2023: Rp128.580.000). Manajemen berpendapat                     Management believes that the insurance coverage
     bahwa nilai pertanggungan tersebut cukup untuk                   is adequate to cover possible losses that may arise
     menutup kemungkinan kerugian atas risiko tersebut.               from such risk.

     Pada tanggal 31 Desember 2024 dan 2023,                          As of December 31, 2024 and 2023, certain
     beberapa persediaan Grup digunakan sebagai                       inventories of the Group are pledged as collateral to
     jaminan atas utang bank jangka pendek yang                       short-term bank loan obtained from Bank Mandiri
     diperoleh dari Bank Mandiri (Catatan 12).                        (Note 12).




                                                         41
Page 322
                                                                    The original consolidated financial statements include herein are in the
                                                                                                                      Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                                PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                      AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                  NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                     FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                                As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                    and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                        (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                                Unless Otherwise Stated)


6. ASET BIOLOGIS                                                   6.     BIOLOGICAL ASSETS

     Aset biologis terdiri dari produk agrikultur yang belum              Biological assets consist of growing agriculture
     dipanen pada tanaman produktif kelapa sawit.                         produce on the oil palm bearer plants.

     Produk agrikultur yang belum dipanen                                 Growing agriculture produce

                                                    2024                2023
     Saldo awal                                    191.390.113        151.167.647                                  Beginning balance
     Penambahan tahun berjalan                   1.854.619.906      1.995.291.819                           Additions during the year
     Panen                                      (1.885.404.974 )   (1.956.457.853)                                            Harvest
     Laba atas perubahan nilai wajar                                                                    Gain arising from changes in
        dikurangi biaya untuk menjual                                                                   fair value less costs to sell
        yang diakui dalam laba rugi                 86.257.943            1.388.500                     recognized in profit or loss
     Saldo akhir                                   246.862.988          191.390.113                                   Ending balance


     Nilai wajar aset biologis                                            Fair value of biological assets

     Nilai wajar atas produk agrikultur kelapa sawit                      The fair values of the oil palm agricultural produce
     ditentukan pada Level 2 berdasarkan harga pasar                      are determined at Level 2 based on the applicable
     terkait yang diterapkan terhadap estimasi volume                     market price applied to the estimated volume of the
     produk.                                                              produce.

     Kuantitas fisik produk agrikultur (dalam kilogram)                   Physical quantities of agriculture produce (in
                                                                          kilogram)

                                                    2024                2023

     Tandan Buah (Kelapa Sawit) Segar               86.964.050          103.765.730                   Fresh Fruit (Oil Palm) Bunches


     Harga produk agrikultur (dalam Rupiah/kilogram)                      Price of agriculture produce (in Rupiah/kilogram)

                                                    2024                2023

     Tandan Buah (Kelapa Sawit) Segar              Rp2.839/Kg           Rp1.844/Kg                    Fresh Fruit (Oil Palm) Bunches



7.   PIUTANG                                                       7.     RECEIVABLES

     Piutang usaha                                                        Trade receivables

     Akun ini merupakan piutang atas penjualan lokal                      This account represents receivables arising from
     dengan rincian sebagai berikut:                                      local sales which comprise the following:

                                                    2024                2023

      Dalam Rupiah                                                                                                            In Rupiah
      Pihak berelasi                                   223.498            6.354.632                                       Related party
      Pihak ketiga                                  56.960.268           26.413.940                                        Third parties

      Total                                         57.183.766           32.768.572                                                Total


     Sifat hubungan dan transaksi antara Grup dengan                      The nature of relationships and transactions
     pihak berelasi dijelaskan pada Catatan 2 dan 19.                     of the Group with the related party are explained in
                                                                          Notes 2 and 19.




                                                           42
Page 323
                                                               The original consolidated financial statements include herein are in the
                                                                                                                 Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                           PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                           As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                               and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                   (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


7.   PIUTANG (lanjutan)                                       7.    RECEIVABLES (continued)

     Piutang usaha (lanjutan)                                       Trade receivables (continued)

     Piutang usaha tidak dikenakan bunga dan umumnya                Trade receivables are non-interest bearing and
     dikenakan syarat pembayaran selama 5 sampai                    generally on 5 to 15 days credit term.
     dengan 15 hari.

     Analisis umur piutang usaha adalah sebagai berikut:            The aging analysis of trade receivables is as follows:

                                                 2024              2023

     Lancar dan tidak mengalami
       penurunan nilai                           29.367.979        19.859.860                     Neither past due nor impaired
     Telah jatuh tempo namun tidak
       mengalami penurunan nilai:                                                                     Past due but not impaired:
       1 - 30 hari                               23.741.377         2.686.895                                    1 - 30 days
       31 - 60 hari                                 812.600            12.768                                   31 - 60 days
       Lebih dari 60 hari                         3.261.810        10.209.049                            More than 60 days

     Total                                       57.183.766        32.768.572                                                 Total


     Berdasarkan hasil penelaahan terhadap adanya                   Based on the results of review of impairment at the
     penurunan nilai pada akhir tahun, manajemen                    end of the year, the management believes that there
     berkeyakinan bahwa tidak terdapat indikasi                     is no impairment indicators for trade receivables.
     penurunan nilai atas piutang usaha.

     Catatan 22 mengenai risiko kredit piutang usaha                Note 22 on credit risk of trade receivables discloses
     mengungkapkan bagaimana Grup mengelola                         how the Group manages credit quality of trade
     kualitas kredit piutang usaha.                                 receivables.

     Pada tanggal 31 Desember 2024 dan 2023,                        As of December 31, 2024 and 2023, certain trade
     beberapa piutang usaha Grup digunakan sebagai                  receivables of the Group are pledged as collateral to
     jaminan atas utang bank jangka pendek yang                     short-term bank loan obtained from Bank Mandiri
     diperoleh dari Bank Mandiri (Catatan 12).                      (Note 12).

     Piutang lain-lain                                              Other receivables

     Pihak berelasi                                                 Related parties

     Piutang lain-lain dari pihak berelasi diungkapkan              Other receivables due from related parties are
     pada Catatan 19.                                               disclosed in Note 19.

     Pihak ketiga                                                   Third parties

     Piutang lain-lain - pihak ketiga adalah piutang dari           Other receivables - third parties represents
     kegiatan yang tidak berhubungan dengan kegiatan                receivables from activities which are not related to
     perkebunan secara langsung seperti, namun tidak                direct plantation activities such as, but not limited to,
     terbatas pada, piutang karyawan dan pendapatan                 employee receivables and interest receivables.
     bunga yang masih harus diterima.

     Berdasarkan hasil penelaahan terhadap adanya                   Based on the result of review of impairment for other
     penurunan nilai atas piutang lain-lain pada tanggal            receivables at the reporting dates, the management
     pelaporan, manajemen berkeyakinan bahwa tidak                  believes that there is no impairment indicators for
     terdapat indikasi penurunan nilai atas piutang lain-           other receivables, and thus, no allowance for ECL is
     lain, oleh karena itu, tidak diperlukan penyisihan             necessary.
     KKE.

     Piutang lain-lain tidak dikenakan bunga dan tidak              Other receivables are non-interest bearing and
     dijaminkan.                                                    unsecured.

                                                        43
Page 324
                                                               The original consolidated financial statements include herein are in the
                                                                                                                 Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                           PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                           As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                               and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                   (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


7.   PIUTANG (lanjutan)                                       7.     RECEIVABLES (continued)

     Piutang plasma                                                  Plasma receivables

     Rincian piutang plasma adalah sebagai berikut:                  The details of plasma receivables are as follows:

                                                2024               2023

     Piutang plasma                            233.148.233         223.128.790                              Plasma receivables
     Penyisihan penurunan nilai                (35.992.723)        (25.209.125)                        Allowance for impairment

     Neto                                      197.155.510         197.919.665                                                   Net


     Kebijakan pemerintah Indonesia mewajibkan                       The Indonesian government policy requires the
     perusahaan pemilik perkebunan kelapa sawit untuk                companies owning oil palm plantations to develop
     membangun area perkebunan plasma. Sehubungan                    plasma plantations. Related to this, TBPP, TLN,
     dengan kebijakan tersebut, TBPP, TLN, SPN, IEK,                 SPN, IEK, TPS, MJA and GSA as the “Nucleus
     TPS, MJA dan GSA bertindak selaku ”Perusahaan                   Companies” have commitments with several
     Inti” memiliki komitmen dengan beberapa koperasi                cooperatives representing the plasma farmers to
     yang     mewadahi       petani  plasma     untuk                develop plantations under the plasma scheme.
     mengembangkan perkebunan plasma.

     Pembiayaan atas pengembangan perkebunan                         The financing of these plasma plantations are
     plasma ini diperoleh melalui pinjaman dari bank                 provided by the banks or the Nucleus Companies
     maupun dibiayai langsung oleh Perusahaan Inti                   while waiting for the financing from the banks.
     sementara menunggu pinjaman dari bank. TBPP,                    TBPP, TLN, SPN, IEK, TPS, MJA and GSA provide
     TLN, SPN, IEK, TPS, MJA dan GSA memberikan                      corporate guarantee for repayment of the financing
     jaminan perusahan (corporate guarantee) untuk                   loan obtained by the cooperatives from banks.
     pelunasan pinjaman atas pembiayaan yang
     diperoleh koperasi dari bank.

     TBPP, TLN, SPN, IEK, TPS, MJA dan GSA                           TBPP, TLN, SPN, IEK, TPS, MJA and GSA have
     mengadakan Kesepakatan Bersama dengan                           Memorandums of Understanding with several
     beberapa koperasi di sekitar lokasi kebun yang                  cooperatives around the plantation in Berau District,
     terletak di Kabupaten Berau, Kabupaten Kutai                    Kutai Timur District and Paser District, Province of
     Timur, dan Kabupaten Paser, Propinsi Kalimantan                 East Kalimantan, as representative of the farmers,
     Timur, sebagai perwakilan dari petani, yang                     whereby they agreed to develop oil palm plantations
     menyatakan bahwa mereka sepakat untuk                           under a joint cooperation agreement called “Pola
     mengembangkan perkebunan kelapa sawit dengan                    Kemitraan Inti Plasma” for a period up to the end of
     pola kemitraan yang disebut “Pola Kemitraan Inti                the first production cycle of the oil palm plantations
     Plasma” yang akan berakhir setelah siklus produksi              (estimated to be 25 years) and can be extended
     yang pertama atas kebun kelapa sawit tersebut                   upon the agreement of all parties.
     (diperkirakan 25 tahun) dan dapat diperpanjang atas
     persetujuan seluruh pihak.




                                                       44
Page 325
                                                             The original consolidated financial statements include herein are in the
                                                                                                               Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                         PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                         As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                             and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                 (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


7.   PIUTANG (lanjutan)                                     7.    RECEIVABLES (continued)

     Piutang plasma (lanjutan)                                    Plasma receivables (continued)

     Pada saat perkebunan plasma telah menghasilkan,              When the plasma plantations start to mature, the
     petani plasma berkewajiban untuk menjual seluruh             plasma farmers are obliged to sell all their harvests
     hasil perkebunan tersebut kepada Perusahaan Inti,            to the Nucleus Companies, and shall repay the
     dan melunasi angsuran kepada Bank bila fasilitas             installments to the Bank if the credit investment
     pinjaman investasi telah diberikan, sesuai skema             facilities have been provided, in accordance with the
     pembiayaan dengan menggunakan dana yang                      scheme of the plasma plantations development
     dipotong dari penjualan hasil perkebunan plasma              using funds deducted from the proceeds of the sales
     tersebut.                                                    of plasma plantations’ harvests.

     Biaya pengembangan perkebunan plasma beserta                 The said development cost of plasma plantations
     bunga dan biaya manajemen yang untuk sementara               that is temporarily financed by the Nucleus
     dibiayai oleh Perusahaan Inti akan dilunasi pada             Company including interest and management fee
     saat koperasi tersebut memperoleh fasilitas                  will be repaid by the cooperatives at the time they
     pinjaman investasi dari bank.                                obtain investment credit facility from the bank.

     Perubahan saldo penyisihan atas penurunan nilai              The movements in the balance of allowance for
     piutang plasma adalah sebagai berikut:                       impairment of plasma receivables are as follows:

                                               2024              2023

     Saldo awal                                25.209.125         18.555.099                                  Beginning balance
     Penambahan tahun berjalan                 10.783.598          6.654.026                             Addition during the year

     Saldo akhir                               35.992.723         25.209.125                                    Ending balance


     Pada tanggal 31 Desember 2024 dan 2023,                      As of December 31, 2024 and 2023, management
     manajemen berkeyakinan bahwa penyisihan                      believes that allowance for impairment of plasma
     penurunan nilai atas piutang plasma di atas cukup            receivables is sufficient to cover losses from
     untuk menutup kemungkinan kerugian dari                      impairment of such receivables.
     penurunan nilai piutang tersebut.

     Pada tanggal 31 Desember 2024 dan 2023,                      As of December 31, 2024 and 2023, the Group’s
     pengembangan perkebunan plasma oleh Grup telah               plasma plantation development comprises planted
     mencapai penanaman pada lahan seluas                         area of 11,974 hectares (unaudited).
     11.974 hektar (tidak diaudit).




                                                      45
Page 326
                                                                                          The original consolidated financial statements include herein are in the
                                                                                                                                            Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                                                     PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                                                     As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                                         and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                                             (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                                                     Unless Otherwise Stated)


8.   ASET TETAP                                                                        8.     FIXED ASSETS

     Rincian aset tetap adalah sebagai berikut:                                               The details of fixed assets are as follows:
                                                                              2024

                                     Saldo Awal/        Penambahan/     Pengurangan/         Reklasifikasi/      Saldo Akhir/
                                    Beginning Balance    Additions       Deductions         Reclassifications   Ending Balance

     Biaya Perolehan                                                                                                                                              Cost
     Tanaman produktif                                                                                                                                   Bearer plants
          Telah menghasilkan           3.013.728.289                -           622.821           24.029.144      3.037.134.612                              Mature
          Belum menghasilkan              37.617.426        6.450.420                 -          (24.029.144)        20.038.702                            Immature
     Tanah                               436.047.076       27.270.000                 -                    -        463.317.076                                   Land
     Bangunan dan prasarana            1.570.404.950      252.237.329           508.626           15.628.371      1.837.762.024         Buildings and infrastructures
     Mesin dan peralatan                 965.098.792       72.432.903         1.547.008           89.350.495      1.125.335.182            Machinery and equipment
     Alat berat dan kendaraan             71.522.714                -         9.391.638                    -         62.131.076        Heavy equipment and vehicles
     Perabot dan peralatan kantor        109.314.572       13.049.520         4.281.003            8.782.321        126.865.410           Office furniture and fixtures
     Aset dalam penyelesaian             100.654.261       30.268.055                 -         (113.761.187)        17.161.129              Construction in progress

     Total biaya perolehan             6.304.388.080      401.708.227        16.351.096                     -     6.689.745.211                             Total cost

     Akumulasi penyusutan                                                                                                                Accumulated depreciation
     Tanaman produktif                                                                                                                                   Bearer plants
          Telah menghasilkan           1.601.944.962      101.840.249                 -                     -     1.703.785.211                              Mature
     Bangunan dan prasarana              878.289.528       86.581.383           312.276                     -       964.558.635         Buildings and infrastructures
     Mesin dan peralatan                 716.074.147       55.866.755         1.339.450                     -       770.601.452            Machinery and equipment
     Alat berat dan kendaraan             71.218.305           53.589         9.391.638                     -        61.880.256        Heavy equipment and vehicles
     Perabot dan peralatan kantor         92.545.308        9.137.876         4.278.150                     -        97.405.034           Office furniture and fixtures

     Total akumulasi penyusutan        3.360.072.250      253.479.852        15.321.514                     -     3.598.230.588        Total accumulated depreciation

     Nilai buku                        2.944.315.830                                                              3.091.514.623                       Net book value




                                                                              2023

                                     Saldo Awal/        Penambahan/     Pengurangan/         Reklasifikasi/      Saldo Akhir/
                                    Beginning Balance    Additions       Deductions         Reclassifications   Ending Balance

     Biaya Perolehan                                                                                                                                              Cost
     Tanaman produktif                                                                                                                                   Bearer plants
          Telah menghasilkan           3.020.220.438                -        12.148.787            5.656.638      3.013.728.289                              Mature
          Belum menghasilkan              28.082.048       15.192.016                 -           (5.656.638)        37.617.426                            Immature
     Tanah                               409.346.939       26.700.137                 -                    -        436.047.076                                   Land
     Bangunan dan prasarana            1.336.100.880      172.502.620           399.544           62.200.994      1.570.404.950         Buildings and infrastructures
     Mesin dan peralatan                 935.497.239       21.671.134         5.739.899           13.670.318        965.098.792            Machinery and equipment
     Alat berat dan kendaraan            147.413.521          134.478        76.025.285                    -         71.522.714        Heavy equipment and vehicles
     Perabot dan peralatan kantor        100.395.893        9.898.963         1.096.873              116.589        109.314.572           Office furniture and fixtures
     Aset dalam penyelesaian              37.220.345      139.421.817                 -          (75.987.901)       100.654.261              Construction in progress

     Total biaya perolehan             6.014.277.303      385.521.165        95.410.388                     -     6.304.388.080                             Total cost

     Akumulasi penyusutan                                                                                                                Accumulated depreciation
     Tanaman produktif                                                                                                                                   Bearer plants
          Telah menghasilkan           1.497.488.759      112.038.832         7.582.629                     -     1.601.944.962                              Mature
     Bangunan dan prasarana              808.519.482       69.811.493            41.447                     -       878.289.528         Buildings and infrastructures
     Mesin dan peralatan                 657.524.195       64.170.711         5.620.759                     -       716.074.147            Machinery and equipment
     Alat berat dan kendaraan            146.473.351          481.281        75.736.327                     -        71.218.305        Heavy equipment and vehicles
     Perabot dan peralatan kantor         88.658.057        4.981.299         1.094.048                     -        92.545.308           Office furniture and fixtures

     Total akumulasi penyusutan        3.198.663.844      251.483.616        90.075.210                     -     3.360.072.250        Total accumulated depreciation

     Nilai buku                        2.815.613.459                                                              2.944.315.830                       Net book value




                                                                        46
Page 327
                                                                                   The original consolidated financial statements include herein are in the
                                                                                                                                     Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                                               PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                                     AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                                               As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                                   and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                                       (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                                               Unless Otherwise Stated)


8.   ASET TETAP (lanjutan)                                                        8.    FIXED ASSETS (continued)

     Rincian aset dalam konstruksi adalah sebagai                                       Details of construction in progress are as follows:
     berikut:
                                     Perkiraan Persentase                                    Perkiraan
                                         Penyelesaian/                                   Waktu Penyelesaian/
                                           Estimated            Nilai Tercatat/              Estimated
                                     Completion Percentage      Carrying Value           Time of Completion
     31 Desember 2024                                                                                                                   December 31, 2024
     Bangunan dan sarana penunjang              10%-90%                    8.944.493          2025-2026                          Building and infrastructures
     Mesin dan peralatan                        50%-95%                    8.098.627          2025-2026                           Machinery and equipment
     Perabot dan peralatan kantor                   95%                      118.009            2025                             Office furniture and fixtures
     Total                                                                17.161.129                                                                    Total
     31 Desember 2023                                                                                                                   December 31, 2023
     Mesin dan peralatan                        40%-95%                   79.072.648          2024-2025                           Machinery and equipment
     Bangunan dan sarana penunjang              10%-80%                   21.461.613          2024-2025                          Building and infrastructures
     Perabot dan peralatan kantor                   60%                      120.000            2024                             Office furniture and fixtures
     Total                                                               100.654.261                                                                    Total



     Penyusutan aset tetap dibebankan pada operasi                                      Depreciation of fixed assets were charged to
     sebagai berikut:                                                                   operations as follows:

                                                             2024                      2023

     Beban pokok penjualan (Catatan 16)                   247.161.551                  248.689.095                      Cost of goods sold (Note 16)
     Beban umum dan administrasi                                                                                General and administrative expenses
        (Catatan 17)                                         6.318.301                   2.794.521                                       (Note 17)

     Sub-total                                            253.479.852                  251.483.616                                           Sub-total
     Dikurangi:                                                                                                                                  Less:
     Kapitalisasi beban penyusutan                                                                             Capitalization of depreciation expense
        ke tanaman produktif                                                                                                            to immature
        belum menghasilkan                                    (456.190)                   (602.701)                                   bearer plants

     Neto                                                 253.023.662                  250.880.915                                                       Net


     Pada tanggal 31 Desember 2024, nilai perolehan                                     As of December 31, 2024, the costs of fixed assets
     aset tetap Perusahaan yang telah disusutkan penuh                                  that have been fully depreciated but are still being
     namun masih digunakan adalah sebesar                                               utilized amounted to Rp979,201,967 (2023:
     Rp979.201.967 (2023: Rp919.490.932). Aset tetap                                    Rp919,490,932). Such fixed assets mainly consist
     tersebut terutama terdiri atas bangunan dan                                        of buildings and infrastructures, machinery and
     prasarana, mesin dan peralatan, alat berat dan                                     equipment, heavy equipment and vehicles, office
     kendaraan, perabot dan peralatan kantor.                                           furniture and fixtures.

     Rincian laba atas pelepasan aset tetap adalah                                      Details of gains on disposal of fixed assets are as
     sebagai berikut:                                                                   follows:

                                                             2024                      2023

     Penerimaan dari pelepasan                                 595.539                   2.723.630                            Proceeds from disposals
     Nilai tercatat neto                                      (406.761)                   (769.020)                                 Net carrying value

     Laba atas pelepasan aset tetap                            188.778                   1.954.610              Gains on disposals of fixed assets




                                                                    47
Page 328
                                                            The original consolidated financial statements include herein are in the
                                                                                                              Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                      PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                      As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                          and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                              (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


8.   ASET TETAP (lanjutan)                                 8.   FIXED ASSETS (continued)

     Grup memiliki jenis kepemilikan hak atas tanah yang        The Group’s titles of ownership on its landrights
     berlokasi di Kabupaten Berau, Kabupaten Kutai              located in Berau District, Kutai Timur District, Kutai
     Timur, Kabupaten Kutai Kartanegara dan                     Kartanegara District and Paser District, Province of
     Kabupaten Paser, Provinsi Kalimantan Timur,                East Kalimantan, are all in the form of Right to
     seluruhnya berupa Hak Guna Usaha (“HGU”). Hak              Cultivate (“Hak Guna Usaha” or “HGU”). These
     atas tanah tersebut akan berakhir pada beberapa            landrights will expire on various dates between 2039
     tanggal antara tahun 2039 sampai dengan 2044.              and 2044. Management is of the opinion that the
     Manajemen berkeyakinan bahwa HGU tersebut                  said HGU can be renewed/extended upon their
     dapat diperbaharui/diperpanjang pada saat jatuh            expiration.
     tempo.

     Pada tahun 2024, terdapat penambahan aset tetap            In 2024, there are fixed assets additions which were
     yang diperoleh dari realisasi atas uang muka               acquired through realization of advances for fixed
     perolehan aset tetap senilai Rp7.285.306 (2023:            asset acquisitions amounting to Rp7,285,306 (2023:
     Rp1.300.171).                                              Rp1,300,171).

     Pada tanggal 31 Desember 2024 dan 2023,                    As of December 31, 2024 and 2023,
     manajemen berkeyakinan bahwa tidak terdapat                Management believes that there is no indication of
     indikasi kemungkinan penurunan potensial atas nilai        potential impairment in values of fixed assets.
     aset tetap.

     Pada tanggal 31 Desember 2024, aset tetap tertentu         As of    December 31, 2024, certain fixed assets
     diasuransikan terhadap risiko kebakaran dan risiko         are insured against losses by fire and other risks
     lainnya berdasarkan beberapa polis asuransi                under several insurance policies with total
     dengan      jumlah    pertanggungan      sebesar           coverage amounting to Rp633,660,780 (2023:
     Rp633.660.780 (2023: Rp717.025.897), yang                  Rp717,025,897), which in management’s opinion, is
     menurut pendapat manajemen cukup untuk                     adequate to cover possible losses that may arise
     menutup kemungkinan kerugian atas risiko-risiko            from such risks.
     tersebut.

     Tanaman produktif Grup tidak         diasuransikan         The Group’s bearer plants are not covered by
     terhadap risiko-risiko kerugian.                           insurance against the risks of losses.

     Pada tahun 2023, sebagian tanaman produktif telah          In 2023, a portion of TLN’s mature bearer plants
     menghasilkan TLN dihapuskan terkait dengan                 were disposed due to utilization a portion of TLN’s
     penggunaan sebagian lahan HGU milik TLN untuk              HGU land rights for mining activities of PT Ganda
     kegiatan pertambangan dari PT Ganda Alam                   Alam Makmur (“GAM”), a third party (Note 21). TLN
     Makmur (“GAM”), pihak ketiga (Catatan 21). TLN             wrote-off the carrying value of mature bearer plants
     menghapus nilai buku tanaman produktif telah               amounting to Rp4,566,158 (Note 17).
     menghasilkan tersebut sebesar Rp4.566.158
     (Catatan 17).

     Pada tanggal 31 Desember 2024, luas area                   As of December 31, 2024, the total area of mature
     tanaman produktif telah menghasilkan masing-               bearer plants are 48,297 hectares (2023: 48,010
     masing seluas 48.297 hektar (2023: 48.010 hektar)          hectares) (unaudited).
     (tidak diaudit).

     Pada tanggal 31 Desember 2024, luas area                   As of December 31, 2024, the total area of immature
     tanaman       produktif  belum menghasilkan                bearer plants are 244 hectares (2023: 505 hectares)
     masing-masing seluas 244 hektar (2023: 505                 (unaudited).
     hektar) (tidak diaudit).




                                                      48
Page 329
                                                                The original consolidated financial statements include herein are in the
                                                                                                                  Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                            PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                  AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                              NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                 FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                            As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                    (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                            Unless Otherwise Stated)


8.   ASET TETAP (lanjutan)                                     8.    FIXED ASSETS (continued)

     Biaya yang dikapitalisasi ke tanaman produktif                  Costs capitalized to immature bearer plants during
     belum menghasilkan pada tahun berjalan terdiri dari:            current year consist of:
                                                  2024              2023
     Biaya pengembangan                            4.917.841         11.848.282                                Development costs
     Biaya pemeliharaan kebun (Catatan 16)         1.096.716          2.110.506               Estate maintenance costs (Note 16)
     Penyusutan (Catatan 16)                         373.715            602.701                            Depreciation (Note 16)
     Reklasifikasi dari bibitan                       62.148            630.527                      Reclassification from nursery
     Total                                         6.450.420         15.192.016                                                 Total



     Pada tanggal 31 Desember 2024 dan 2023,                         As of December 31, 2024 and 2023, certain fixed
     beberapa aset tetap Grup digunakan sebagai                      assets of the Group are pledged as collateral to loan
     jaminan atas fasilitas pinjaman yang diperoleh dari             facility obtained from Bank Mandiri (Note 12).
     Bank Mandiri (Catatan 12).

9.   UTANG USAHA DAN BEBAN AKRUAL                              9.    TRADE PAYABLES AND ACCRUED EXPENSES

     Utang usaha                                                     Trade payables

     Akun ini merupakan liabilitas Grup atas pembelian               This account represents the Group’s payables
     bahan baku dari para pemasok:                                   arising from purchases of raw materials from
                                                                     suppliers:
                                                  2024              2023

     Dalam Rupiah                                                                                                         In Rupiah
     Pihak ketiga                                475.678.969        426.154.768                                        Third parites
     Pihak berelasi                               78.204.622        119.909.504                                      Related parties

     Total                                       553.883.591        546.064.272                                                 Total


     Utang usaha tidak dikenakan bunga dan umumnya                   Trade payables are non-interest bearing and
     dikenakan syarat pembayaran antara 30 sampai                    generally on 30 to 90 days credit terms.
     dengan 90 hari.

     Sifat hubungan dan transaksi antara Grup dengan                 The nature of relationships and transactions of the
     pihak berelasi dijelaskan pada Catatan 19.                      Group with the related parties are explained in
                                                                     Note 19.

     Analisa umur utang usaha adalah sebagai berikut:                The aging analysis of trade payables is as follows:
                                                  2024              2023
     Lancar                                      283.674.651        329.980.961                                             Current
     Telah jatuh tempo:                                                                                                   Overdue:
       1 - 30 hari                                80.582.318         99.069.877                                     1 - 30 days
       31 - 60 hari                              119.293.200         30.744.837                                    31 - 60 days
       Lebih dari 60 hari                         70.333.422         86.268.597                              More than 60 days
     Total                                       553.883.591        546.064.272                                                 Total


     Beban akrual                                                    Accrued expenses
     Akun ini terutama terdiri dari beban akrual, antara             This account mainly represent accruals for, among
     lain beban tunjangan dan asuransi karyawan, beban               others, employees’ benefits and insurances, interest
     bunga, jasa profesional dan ongkos angkut. Beban                charges, professional fees and transportation fees.
     akrual tidak dikenakan bunga dan tidak dijaminkan.              Accrued expenses are non-interest bearing and
                                                                     unsecured.



                                                         49
Page 330
                                                                         The original consolidated financial statements include herein are in the
                                                                                                                           Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                                   PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                                   As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                       and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                           (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)


10. SEWA                                                               10. LEASE

   Di bawah ini adalah jumlah tercatat dari aset hak-                        Set out below are the carrying amounts of right-of-
   guna dan liabilitas sewa yang diakui pada laporan                         use assets and lease liabilities recognized on the
   posisi keuangan konsolidasian Grup dan mutasinya                          Group’s consolidated statement of financial position
   selama tahun berjalan:                                                    and the movements during the year:

   Aset hak-guna                                                             Right-of-use assets

   Rincian aset hak-guna adalah sebagai berikut:                             The details of right-of-use assets are as follows:
                                                         Alat
                                                       Berat dan
                                                      Kendaraan/          Mesin
                                                        Heavy         dan Peralatan/
                                    Bangunan/         Equipment       Machinery and           Total/
                                    Buildings        and Vehicles      Equipment              Total

   Saldo per 1 Januari 2024           42.542.681       471.159.783          281.484          513.983.948        Balance as of January 1, 2024
   Penambahan                            275.761       144.252.302       23.137.261          167.665.324                            Additions
   Beban penyusutan                   (6.720.031)     (197.016.086)       (1.581.634)       (205.317.751)               Depreciation expense

   Saldo 31 Desember 2024             36.098.411       418.395.999        21.837.111         476.331.521Balance as of December 31, 2024


   Saldo per 1 Januari 2023            38.482.461      268.300.678                 -         306.783.139        Balance as of January 1, 2023
   Penambahan                          24.619.935      360.492.420           422.226         385.534.581                            Additions
   Penghentian sewa                   (14.550.527)     (10.492.730)                -         (25.043.257)                   Lease termination
   Beban penyusutan                    (6.009.188)    (147.140.585)         (140.742)       (153.290.515)               Depreciation expense

   Saldo 31 Desember 2023             42.542.681       471.159.783           281.484         513.983.948 Balance as of December 31, 2023




   Liabilitas sewa                                                           Lease liabilities

   Nilai tercatat liabilitas sewa dan mutasinya selama                       The carrying amounts of lease liabilities and the
   periode berjalan adalah sebagai berikut:                                  movements during the period are as follow:

                                                      2024                 2023

   Saldo awal                                         530.793.869          315.475.286                                    Beginning balance
   Penambahan                                         167.665.324          385.534.581                                             Additions
   Penambahan bunga                                    42.474.511           35.957.199                                   Accretion of interest
   Penghentian sewa                                             -          (27.181.820)                                   Lease termination
   Pembayaran                                        (239.550.638)        (178.991.377)                                            Payments

   Total                                             501.383.066           530.793.869                                                   Total


   Penyajian pada laporan posisi keuangan                                             The presentation in the consolidated statement of
      konsolidasian adalah sebagai berikut:                                                            financial position is as follows:
   Bagian jangka pendek                              199.794.595           170.865.599                                   Current portion
   Bagian jangka panjang                             301.588.471           359.928.270                              Non-current portion

   Total                                             501.383.066           530.793.869                                                   Total




                                                             50
Page 331
                                                               The original consolidated financial statements include herein are in the
                                                                                                                 Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                         PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                         As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                             and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                 (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


10. SEWA (lanjutan)                                            10. LEASE (continued)

   Jumlah yang diakui pada laporan laba rugi dan                   Amount recognized in the consolidated statement of
   penghasilan komprehensif lain konsolidasian adalah              profit or loss and other comprehensive income are
   sebagai berikut:                                                as follows:
                                                  2024           2023

    Beban penyusutan aset hak-guna                                                            Depreciation of right-of-use assets
       Beban pokok penjualan (Catatan 16)          9.877.647        4.576.000                   Cost of goods sold (Note 16)
       Beban umum dan administrasi                                                      General and administrative expenses
         (Catatan 17)                             17.258.097      13.786.641                                      (Note 17)
    Beban bunga liabilitas sewa                                                              Interest expense on lease liabilities
       (Catatan 18)                                7.121.467        6.835.280                                        (Note 18)
    Alokasi kepada kegiatan                                                                              Allocation to activities in
       akun beban pokok penjualan                213.535.051     164.049.793                      cost of goods sold account

    Total                                        247.792.262     189.247.714                                                   Total


11. PERPAJAKAN                                                 11. TAXATION

   Pajak Dibayar di Muka                                           Prepaid Taxes

   Pajak dibayar di muka terutama terdiri dari pajak               Prepaid taxes mainly consist of value added taxes.
   pertambahan nilai.

   Utang Pajak                                                     Taxes Payable

   Rincian utang pajak adalah sebagai berikut:                     The details of taxes payable are as follows:

                                                  2024           2023

   Perusahaan                                                                                                       The Company
   Pajak penghasilan                                                                                                 Income taxes
    Pasal 4(2)                                       16.018             33.068                                       Article 4(2)
    Pasal 21                                        202.806             37.487                                         Article 21
   Pajak pertambahan nilai                           42.005                  -                                  Value added taxes

    Sub-total                                       260.829             70.555                                             Sub-total

   Entitas Anak                                                                                                        Subsidiaries
   Pajak penghasilan                                                                                                 Income taxes
    Pasal 4(2)                                       688.504       2.563.880                                          Article 4(2)
    Pasal 15                                         188.602         985.540                                           Article 15
    Pasal 21                                      16.139.802      17.996.499                                           Article 21
    Pasal 22                                         674.095         592.185                                           Article 22
    Pasal 23                                       2.562.736       4.240.758                                           Article 23
    Badan                                         60.745.562      35.145.567                                           Corporate
   Pajak pertambahan nilai                         4.598.596       5.096.852                                   Value added taxes
   Bunga dan denda pajak                           1.253.470       3.923.544                              Tax interest and penalty

    Sub-total                                     86.851.367      70.544.825                                               Sub-total

    Total                                         87.112.196      70.615.380                                                   Total




                                                         51
Page 332
                                                                 The original consolidated financial statements include herein are in the
                                                                                                                   Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                           PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                           As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                               and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                   (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


11. PERPAJAKAN (lanjutan)                                        11. TAXATION (continued)

   Rekonsiliasi Fiskal                                               Fiscal Reconciliation

   Rekonsiliasi     antara    laba sebelum    pajak                  A reconciliation between profit before income tax, as
   penghasilan, sebagaimana disajikan dalam laporan                  shown in the consolidated statements of profit or
   laba rugi dan penghasilan komprehensif lain                       loss and other comprehensive income and taxable
   konsolidasian dan penghasilan kena pajak/(rugi                    income/(tax loss) is as follows:
   fiskal) adalah sebagai berikut:

                                                 2024              2023

   Laba sebelum pajak penghasilan                                                                          Profit before income tax
     menurut laporan                                                                                           per consolidated
     laba rugi dan penghasilan                                                                   statements of profit or loss and
     komprehensif lain konsolidasian          1.058.375.751        621.149.013                     other comprehensive income
   Ditambah/(dikurangi):                                                                                             Add/(deduct):
   Laba entitas anak sebelum                                                                                 Profit of subsidiaries
      pajak penghasilan                       (1.068.884.117)      (654.210.231)                            before income tax
   Penyesuaian penyusutan dan amortisasi                                              Adjustment on depreciation and amortization
      dari kombinasi bisnis                       9.717.686         20.788.933                     from business combination
   Transaksi antar perusahaan                       718.957            101.001                         Intercompany transactions

   Rugi sebelum pajak yang diatribusikan                                                                                Loss before
     kepada Perusahaan                               (71.723)       (12.171.284)        income tax attributable to the Company

   Beda temporer                                                                                            Temporary differences
     Liabilitas imbalan kerja                       571.275             673.958                     Employee benefits liability
     Amortisasi biaya provisi pinjaman bank        (153.298)             56.164             Amortization of bank loan provision
     Aset hak-guna                                  158.517             360.673                             Right-of-use assets
   Beda tetap                                                                                               Permanent differences
     Beban yang tidak dapat
        dikurangkan untuk tujuan pajak           12.387.204         17.720.709                         Non-deductible expenses
     Penghasilan bunga yang pajaknya
        bersifat final                          (10.521.740)         (8.003.077)          Interest income subjected to final tax

   Penghasilan kena pajak/
     (rugi fiskal) tahun berjalan                 2.370.235          (1.362.857)             Taxable income/(tax loss) for the year

                                                                                                         Tax losses carried forward
   Rugi fiskal awal tahun                       (48.183.399)        (54.465.272)                        at the beginning of year
   Penyesuaian atas rugi fiskal                                                                    Adjustment in respect of tax loss
     tahun sebelumnya                                        -        1.600.000              carried forward from previous year
   Rugi fiskal daluwarsa                                     -        6.044.730               Expiration of tax loss carried forward

   Rugi fiskal yang dapat dikompensasi          (45.813.164)        (48.183.399)                       Tax losses carried forward




                                                        52
Page 333
                                                            The original consolidated financial statements include herein are in the
                                                                                                              Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                      PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                      As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                          and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                              (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


11. PERPAJAKAN (lanjutan)                                   11. TAXATION (continued)

   Rekonsiliasi Fiskal (lanjutan)                               Fiscal Reconciliation (continued)

   Perusahaan akan melaporkan penghasilan kena                  The Company will report its taxable income for the
   pajak tahun 2024, sebagaimana yang disebutkan di             year 2024, as stated above, in its 2024 annual
   atas, dalam Surat Pemberitahuan Tahunan Pajak                income tax return to be submitted to the Tax Office.
   Penghasilan Badan (“SPT PPh Badan”) tahun 2024               The tax loss for the year 2023, as stated above,
   ke Kantor Pajak. Jumlah rugi fiskal tahun 2023,              conforms with the related amounts reported in the
   sebagaimana yang disebutkan di atas, sesuai                  2023 annual income tax return.
   dengan jumlah yang dilaporkan dalam SPT PPh
   Badan tahun 2023.

   Beban Pajak Penghasilan                                      Income Tax Expense

   Rincian beban pajak penghasilan adalah sebagai               The details of the income tax expense are as
   berikut:                                                     follows:
                                            2024              2023

   Dibebankan ke laba rugi                                                                           Charged to profit of loss
   Pajak penghasilan badan -                                                                           Corporate income tax -
     tahun berjalan                        (180.836.621)      (138.600.447)                                     current year
   Penyesuaian atas                                                                                   Adjustment in respect of
     tahun sebelumnya                                   -       (4.308.099)                              the previous years

                                           (180.836.621)      (142.908.546)

   Pajak tangguhan                                                                                                 Deferred tax
     Tahun berjalan                         (55.782.600)        (5.319.756)                                    Current year
     Penyesuaian atas                                                                              Adjustment in respect of
        tahun sebelumnya                      3.837.534        (21.126.978)                           the previous years

                                            (51.945.066)       (26.446.734)

   Beban pajak penghasilan yang                                                                         Income tax expense
     dibebankan ke laba rugi               (232.781.687)      (169.355.280)                       charged to profit or loss


   Dibebankan ke penghasilan                                                                              Charged to other
     komprehensif lain                                                                           comprehensive income
   Pajak tangguhan                                                                                               Deferred tax
     Pengukuran kembali                                                                               Re-measurement of
        liabilitas imbalan kerja             (5.445.860)          (347.663)                    employee benefits liability




                                                   53
Page 334
                                                               The original consolidated financial statements include herein are in the
                                                                                                                 Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                         PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                         As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                             and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                 (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


11. PERPAJAKAN (lanjutan)                                      11. TAXATION (continued)

   Rekonsiliasi Tarif Pajak Efektif                                Reconciliation of Effective Tax Rate

   Rekonsiliasi antara (i) beban pajak penghasilan,                A reconciliation between (i) income tax expense,
   yang dihitung dengan menerapkan tarif pajak yang                calculated by applying the applicable tax rate to
   berlaku atas laba sebelum pajak penghasilan, dan                profit before income tax, and (ii) income tax expense
   (ii) beban pajak penghasilan seperti yang disajikan             as shown in the consolidated statement of profit or
   dalam laporan laba rugi dan penghasilan                         loss and other comprehensive income, is as follows:
   komprehensif lain konsolidasian, adalah sebagai
   berikut:

                                               2024              2023

   Laba sebelum pajak penghasilan                                                                                      Profit before
     menurut laporan laba rugi                                                                    income tax per consolidated
     dan penghasilan komprehensif lain                                                         statements of profit or loss and
     konsolidasian                          1.058.375.751        621.149.013                     other comprehensive income

   Beban pajak penghasilan berdasarkan                                                                        Income tax expense
     tarif pajak yang berlaku                (232.842.665)       (136.652.783)                        at the applicable tax rate

   Pengaruh pajak atas beda tetap                                                            Tax effect on permanent differences
     Penghasilan bunga yang dikenakan                                                               Interest income subjected
        pajak final                             4.192.073           3.552.928                                     to final tax
     Biaya yang tidak dapat
        dikurangkan untuk tujuan pajak         (7.968.629)        (10.820.348)                         Non-deductible expenses
   Penyesuaian atas pajak penghasilan                                                 Adjustment in respect of corporate income
     tahun sebelumnya - Kini                               -       (4.308.099)            tax of the previous years - Current
   Penyesuaian atas pajak tangguhan                                                          Deferred tax adjustment in respect
     tahun sebelumnya                           3.837.534         (21.126.978)                          of the previous years

   Beban pajak penghasilan                                                                             Income tax expense per
     menurut laporan laba rugi dan                                                               consolidated statements of
     penghasilan komprehensif                                                                       profit or loss and other
     lain konsolidasian                      (232.781.687)       (169.355.280)                      comprehensive income




                                                      54
Page 335
                                                            The original consolidated financial statements include herein are in the
                                                                                                              Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                      PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                      As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                          and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                              (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


11. PERPAJAKAN (lanjutan)                                   11. TAXATION (continued)

   Tarif Pajak Penghasilan Badan                                Corporate Income Tax Rate

   Pada tahun 2024 dan 2023, tarif pajak penghasilan            In 2024 and 2023, the corporate income tax
   badan yang berlaku dan acuan untuk pengukuran                rate applicable and reference to measure the
   aset dan liabilitas pajak tangguhan untuk Grup               deferred tax assets and liabilities for the Group is
   adalah 22%.                                                  22%.

   Pajak Tangguhan                                              Deferred Taxes

   Rincian beban pajak penghasilan tangguhan adalah             The details of deferred income tax expense are as
   sebagai berikut:                                             follows:

                                             2024             2023

   Aset biologis                             (34.316.332)        2.283.262                                   Biological assets
   Penyisihan atas penurunan nilai                                                                Allowance for impairment of
      piutang plasma dan piutang lain-lain     2.372.391         1.463.886                   plasma and other receivables
   Sewa                                       (1.551.243)        1.785.910                                             Leases
   Aset tetap                                 (4.504.658)          515.570                                       Fixed assets
   Amortisasi biaya provisi                                                                                    Amortization of
      pinjaman bank                              (33.725)           12.356                             bank loan provision
   Liabilitas imbalan kerja                    9.677.364         8.358.171                          Employee benefits liability
   Rugi fiskal yang dapat dikompensasi       (23.747.034)      (40.888.109)                        Tax losses carried forward
   Lainnya                                       158.171            22.220                                              Others

   Beban pajak                                                                                            Deferred income tax
     penghasilan tangguhan                   (51.945.066)      (26.446.734)                                        expense




                                                    55
Page 336
                                                              The original consolidated financial statements include herein are in the
                                                                                                                Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                        PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                        As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                            and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


11. PERPAJAKAN (lanjutan)                                     11. TAXATION (continued)

   Pajak Tangguhan (lanjutan)                                     Deferred Taxes (continued)

   Rincian aset dan liabilitas pajak tangguhan adalah             Details of deferred tax assets and liabilities are as
   sebagai berikut:                                               follows:


                                              2024              2023

   Aset Pajak Tangguhan                                                                                 Deferred Tax Assets
   Aset biologis                                          -      (5.886.175)                                Biological assets
   Penyisihan atas penurunan nilai                                                                  Allowance for impairment
      piutang plasma dan lain-lain                        -       4.213.587                of plasma and other receivables
   Aset tetap                                             -     (14.692.029)                                    Fixed assets
   Sewa                                                   -         552.850                                           Leases
   Liabilitas imbalan kerja                               -      10.964.700                        Employee benefits liability
   Rugi fiskal yang dapat
      dikompensasi                                        -      11.890.175                          Tax losses carried forward
   Lainnya                                                -         620.874                                              Others

   Total                                                  -       7.663.982                                                  Total



   Liabilitas Pajak Tangguhan                                                                       Deferred Tax Liabilities
   Penyisihan atas penurunan nilai                                                                     Provision for decline in
      pasar persediaan                            15.024             15.024                     market value of inventories
   Aset biologis                             (85.728.597)       (45.526.090)                                 Biological assets
   Penyisihan atas penurunan nilai                                                                  Allowance for impairment
      piutang plasma dan lain-lain             7.918.399          1.332.421                of plasma and other receivables
   Aset tetap                               (128.958.806)      (109.762.119)                                     Fixed assets
   Sewa                                        2.146.939          3.145.332                                            Leases
   Amortisasi biaya provisi                                                                                    Amortization of
      utang bank                                 36.731              70.456                            bank loan provision
   Liabilitas imbalan kerja                  60.179.785          44.983.581                        Employee benefits liability
   Pendapatan bunga                            (192.484)           (192.484)                                  Interest income
   Rugi fiskal yang dapat
      dikompensasi                                    -          11.856.859                          Tax losses carried forward
   Lainnya                                      779.045                   -                                              Others

   Total                                    (143.803.964)       (94.077.020)                                                 Total




                                                     56
Page 337
                                                               The original consolidated financial statements include herein are in the
                                                                                                                 Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                         PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                         As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                             and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                 (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


11. PERPAJAKAN (lanjutan)                                      11. TAXATION (continued)

   Pajak Tangguhan (lanjutan)                                      Deferred Tax (continued)

   Untuk tujuan penyajian dalam laporan posisi                     For purposes of presentation in the consolidated
   keuangan konsolidasian, klasifikasi aset atau                   statement of financial position, the asset or liability
   liabilitas pajak tangguhan untuk setiap perbedaan               classification of the deferred tax effect of each of the
   temporer di atas ditentukan berdasarkan posisi                  above temporary differences is determined based
   pajak tangguhan neto (aset neto atau liabilitas neto)           on the net deferred tax position (net assets or net
   setiap entitas.                                                 liabilities) on a per entity basis.

   Berdasarkan peraturan pajak yang berlaku, rugi                  Under the existing tax regulations, tax loss carried
   fiskal dapat dikompensasikan terhadap penghasilan               forward can be compensated against future taxable
   kena pajak di masa yang akan datang sampai                      income up to maximum period of 5 (five) years from
   dengan maksimum 5 (lima) tahun dari saat                        the date the tax loss is incurred.
   terjadinya rugi fiskal

   Administrasi                                                    Administration
   Grup menyampaikan pajak tahunan atas dasar                      The Group submits its tax returns on the basis of
   perhitungan sendiri (self assessment). Sesuai                   self-assessment. In accordance with the latest
   dengan perubahan terakhir atas Undang-undang                    amendments of the General Taxation and
   Ketentuan Umum dan Tata Cara Perpajakan yang                    Procedural Law which became effective on January
   berlaku mulai tanggal 1 Januari 2008, Kantor Pajak              1, 2008, the Tax Office may assess or amend taxes
   dapat menetapkan atau mengubah besarnya                         within 5 years from the date the tax becomes
   kewajiban pajak dalam batas waktu 5 tahun sejak                 payable.
   tanggal terutangnya pajak.

   Tagihan Pajak dan          Keberatan    atas    Hasil           Claims for Tax Refund and Tax Assessment
   Pemeriksaan Pajak                                               under Appeal

   Rincian tagihan pajak dan keberatan atas hasil                  Details of claims for tax refund and tax assessments
   pemeriksaan pajak adalah sebagai berikut:                       under appeals are as follows:

                                                  2024           2023

   Perusahaan                                                                                                       The Company
   Pajak penghasilan                                                                                                 Income taxes
     Tahun 2024                                     601.804                 -                                 Fiscal Year 2024
     Tahun 2023                                     771.532           817.720                                 Fiscal Year 2023
     Tahun 2022                                           -           661.061                                 Fiscal Year 2022

   Entitas Anak                                                                                                       Subsidiaries
   Pajak penghasilan                                                                                                  Income taxes
     Tahun 2024                                    2.102.240               -                                  Fiscal Year 2024
     Tahun 2023                                   14.667.208      13.524.865                                  Fiscal Year 2023
     Tahun 2019                                    1.561.802      12.766.397                                  Fiscal Year 2019
     Tahun 2015                                    3.496.312       6.546.491                                  Fiscal Year 2015
     Tahun 2014                                      168.679         168.679                                  Fiscal Year 2014
     Tahun 2012                                    4.520.960      10.061.928                                  Fiscal Year 2012
   Pajak pertambahan nilai                                                                                      Value added taxes
     Tahun 2024                                   38.025.549               -                                  Fiscal Year 2024
     Tahun 2023                                    5.791.006      31.002.044                                  Fiscal Year 2023
     Tahun 2022                                            -      10.934.909                                  Fiscal Year 2022
   Tagihan pokok, bunga dan                                                                         Claim for tax principal, interest
     denda pajak                                    441.163           441.163                                      and penalty

   Total                                          72.148.255      86.925.257                                                   Total




                                                         57
Page 338
                                                                          The original consolidated financial statements include herein are in the
                                                                                                                            Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                                    PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                                    As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                        and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                            (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)


11. PERPAJAKAN (lanjutan)                                               11. TAXATION (continued)

   Hasil Pemeriksaan Pajak                                                    Tax Assessment Results

                                                       Jumlah tagihan               Jumlah
                                                          pajak dan               lebih bayar
                                                          keberatan             (kurang bayar)
                                                          atas hasil                menurut
                                                        pemeriksaan              Kantor Pajak/
                                                      pajak/Amount of               Amount
                                    Tahun pajak/          claims for             overpayment
                                    Masa pajak/        tax refund and          (underpayment)
                                     Fiscal year/     tax assessments              based on                         Status pajak/
                                    Fiscal period       under appeal             Tax Authority                       Tax status

   Tahun yang Berakhir pada
      Tanggal 31 Desember 2024/
      Year Ended
      December 31, 2024
   Perusahaan/The Company
   Pajak Penghasilan Pasal 29/
      Income Taxes Article 29                  2024             601.804                          -   Belum dilakukan pemeriksaan oleh Kantor
                                                                                                     Pajak/
                                                                                                     Has not been audited by Tax Authority
   Pajak Penghasilan Pasal 29/
      Income Taxes Article 29                  2023             771.532                          -   Belum dilakukan pemeriksaan oleh Kantor
                                                                                                     Pajak/
                                                                                                     Has not been audited by Tax Authority

   IEK
   Pajak Penghasilan Pasal 29/
      Income Taxes Article 29                  2023           6.043.249                          -   Belum dilakukan pemeriksaan oleh Kantor
                                                                                                     Pajak/
                                                                                                     Has not been audited by Tax Authority
   Pajak Penghasilan Pasal 29/
      Income Taxes Article 29                  2019           1.561.802                          -   Kantor Pajak belum mengeluarkan
                                                                                                     keputusan atas keberatan/
                                                                                                     Tax Office has not issued any decision
                                                                                                     on the objection
   Pajak Penghasilan Pasal 29/
      Income Taxes Article 29                  2015           3.496.312              (7.300.890)     Pengadilan Pajak belum mengeluarkan
                                                                                                     keputusan atas banding/
                                                                                                     Tax Court has not Issued any decision
                                                                                                     on the appeal
   Pajak Penghasilan Pasal 21/
      Income Taxes Article 21                  2015             277.503                (277.503)     Pengadilan Pajak belum mengeluarkan
                                                                                                     keputusan atas banding/
                                                                                                     Tax Court has not Issued any decision
                                                                                                     on the appeal
   Pajak Penghasilan Pasal 23/
      Income Taxes Article 23                  2015             163.659                (163.659)     Pengadilan Pajak belum mengeluarkan
                                                                                                     keputusan atas banding/
                                                                                                     Tax Court has not Issued any decision
                                                                                                     on the appeal

   PPN/VAT                               Maret dan            2.849.641                          -   Belum dilakukan pemeriksaan oleh Kantor
                                     Oktober 2024/                                                   Pajak/
                                            March                                                    Has not been audited by Tax Authority
                                  and October 2024




                                                           58
Page 339
                                                                        The original consolidated financial statements include herein are in the
                                                                                                                          Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                                  PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                    NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                                  As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                      and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                          (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)


11. PERPAJAKAN (lanjutan)                                             11. TAXATION (continued)

   Hasil Pemeriksaan Pajak (lanjutan)                                       Tax Assessment Results (continued)
                                                     Jumlah tagihan               Jumlah
                                                        pajak dan               lebih bayar
                                                        keberatan             (kurang bayar)
                                                        atas hasil                menurut
                                                      pemeriksaan              Kantor Pajak/
                                                    pajak/Amount of              Amount of
                                  Tahun pajak/          claims for             overpayment
                                  Masa pajak/        tax refund and          (underpayment)
                                   Fiscal year/     tax assessments              based on                         Status pajak/
                                  Fiscal period       under appeal             Tax Authority                       Tax status

   Tahun yang Berakhir pada
      Tanggal 31 Desember 2024/
      Year Ended
      December 31, 2024

   SPN
   Pajak Penghasilan Pasal 29/
      Income Taxes Article 29                2024           2.102.240                          -   Belum dilakukan pemeriksaan oleh Kantor
                                                                                                   Pajak/
                                                                                                   Has not been audited by Tax Authority
   Pajak Penghasilan Pasal 29/
      Income Taxes Article 29                2023           3.600.239                          -   Belum dilakukan pemeriksaan oleh Kantor
                                                                                                   Pajak/
                                                                                                   Has not been audited by Tax Authority

   PPN/VAT                        November 2023/            5.791.006                          -   Belum dilakukan pemeriksaan oleh Kantor
                                  November 2023                                                    Pajak/
                                                                                                   Has not been audited by Tax Authority

   PPN/VAT                              Juli dan            5.144.049                          -   Belum dilakukan pemeriksaan oleh Kantor
                                  Desember 2024/                                                   Pajak/
                                        July and                                                   Has not been audited by Tax Authority
                                  December 2024

   TPS
   PPN/VAT                        Desember 2024/            4.982.807                          -   Belum dilakukan pemeriksaan oleh Kantor
                                  December 2024                                                    Pajak/
                                                                                                   Has not been audited by Tax Authority




                                                         59
Page 340
                                                                          The original consolidated financial statements include herein are in the
                                                                                                                            Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                                    PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                                    As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                        and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                            (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                                    Unless Otherwise Stated)


11. PERPAJAKAN (lanjutan)                                               11. TAXATION (continued)

   Hasil Pemeriksaan Pajak (lanjutan)                                         Tax Assessment Results (continued)
                                                       Jumlah tagihan               Jumlah
                                                          pajak dan               lebih bayar
                                                          keberatan             (kurang bayar)
                                                          atas hasil                menurut
                                                        pemeriksaan              Kantor Pajak/
                                                      pajak/Amount of              Amount of
                                    Tahun pajak/          claims for             overpayment
                                    Masa pajak/        tax refund and          (underpayment)
                                     Fiscal year/     tax assessments              based on                         Status pajak/
                                    Fiscal period       under appeal             Tax Authority                       Tax status

   Tahun yang Berakhir pada
      Tanggal 31 Desember 2024/
      Year Ended
      December 31, 2024

   MJA
   PPN/VAT                              Maret dan           10.927.466                           -   Belum dilakukan pemeriksaan oleh Kantor
                                      Agusts 2024/                                                   Pajak/
                                        March and                                                    Has not been audited by Tax Authority
                                      August 2024

   TBP
   Pajak Penghasilan Pasal 29/
      Income Taxes Article 29                  2023           5.023.720                          -   Belum dilakukan pemeriksaan oleh Kantor
                                                                                                     Pajak/
                                                                                                     Has not been audited by Tax Authority
   Pajak Penghasilan Pasal 29/
      Income Taxes Article 29                  2012           4.520.960               4.520.960      Menunggu pengembalian/
                                                                                                     Waiting for refund

   PPN/VAT                                 Februari         14.121.586                           -   Belum dilakukan pemeriksaan oleh Kantor
                                  dan Agustus 2024/                                                  Pajak/
                                          February                                                   Has not been audited by Tax Authority
                                   and August 2024

   TLN
   Pajak Penghasilan Pasal 29/
      Income Taxes Article 29                  2014             168.679             (46.531.113)     Pengadilan Pajak belum mengeluarkan
                                                                                                     keputusan atas banding/
                                                                                                     Tax Court has not Issued any decision
                                                                                                     on the appeal




                                                           60
Page 341
                                                             The original consolidated financial statements include herein are in the
                                                                                                               Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                       PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                       As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                           and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                               (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


12. UTANG BANK                                               12. BANK LOANS

   Utang bank jangka pendek                                      Short-term bank loans

   Rincian utang bank jangka pendek adalah sebagai               The details of bank loans are as follows:
   berikut:
                                                2024           2023

   Rupiah                                                                                                                Rupiah
   Bank Mandiri                                 20.000.000                  -                                       Bank Mandiri

   Total                                        20.000.000                  -                                                Total


   Fasilitas Kredit                                              Credit Facilities

   Bank Mandiri                                                  Bank Mandiri

   Pada 10 Mei 2023, TLN, TPS, TBP, MJA dan CAP                  On May 10, 2023, TLN, TPS, TBP, MJA and CAP
   memperoleh Fasilitas Kredit Modal Kerja dari Bank             obtained Working Capital Credit Faciliy from Bank
   Mandiri dengan batas maksimum pinjaman                        Mandiri with a combined maximum credit limit of
   gabungan sebesar Rp200.000.000. Fasilitas                     Rp200,000,000. The facilities are used to working
   tersebut digunakan untuk modal kerja pabrik                   capital of the palm oil processing plant, including the
   pengolahan kelapa sawit diantaranya untuk                     purchase of fresh fruit bunches, harvesting costs,
   pembelian tandan buah segar, biaya panen, biaya               transportation costs, processing costs, and other
   angkut, biaya olah, serta biaya operasional lainnya.          operational expenses. This credit facility is revolving
   Fasilitas pinjaman ini bersifat berulang (revolving)          and is valid until May 9, 2025.
   dan berlaku sampai dengan 9 Mei 2025.

   Pinjaman ini dikenakan bunga tahunan dan                      These loans bear interest at annual rates which are
   sewaktu-waktu dapat berubah sesuai dengan                     amendable at any time based on applicable rules in
   ketentuan yang berlaku di Bank Mandiri. Pada tahun            Bank Mandiri. In 2024 and 2023, these facilities
   2024 dan 2023, fasilitas pinjaman tersebut                    were subject to interest at an annual rate of 7.50%.
   dikenakan suku bunga tahunan sebesar 7,50%.

   Jaminan                                                       Collateral

   Fasilitas pinjaman dari Bank Mandiri di atas dijamin          The above loan facilities from Bank Mandiri are
   dengan persediaan dan piutang usaha dari TLN,                 secured by inventories and trade receivables of
   TPS, TBP, MJA dan CAP.                                        TLN, TPS, TBP, MJA and CAP.

   Perjanjian pinjaman ini juga mencakup klausul                 The loan agreements also contain clauses
   jaminan silang (cross collateral) dan gagal bayar             concerning cross collateral and cross default
   silang (cross default) antara fasilitas pinjaman              between the loan-term loan facilities obtained from
   jangka panjang dari Bank Mandiri yang diperoleh               Bank Mandiri by the Company, TPS, TBPP, TLN,
   Perusahaan, TPS, TBPP, TLN, SPN, IEK, MJA,                    SPN, IEK, MJA, CAP and GSA.
   CAP dan GSA.

   Pembatasan                                                    Covenants

   Perjanjian pinjaman dengan Bank Mandiri juga                  The loan agreements with Bank Mandiri provide for
   menyatakan pembatasan tertentu yaitu, antara lain,            certain restrictions such as, among others,
   TLN, TPS, TBP, MJA dan CAP diharuskan untuk                   requirement for the TLN, TPS, TBP, MJA and CAP
   memperoleh persetujuan tertulis sebelumnya dari               to obtain prior written approval from the bank in
   bank sehubungan dengan transaksi-transaksi                    relation with certain transactions such as, among
   tertentu, seperti, antara lain, perubahan anggaran            others, changes in its articles of association, merger
   dasar, merger, atau akuisisi.                                 or acquisition.

   Grup juga diharuskan untuk mempertahankan rasio-              The Group is also required to maintain certain
   rasio keuangan tertentu untuk laporan keuangan                financial ratios in its consolidated financial
   konsolidasian.                                                statements.


                                                       61
Page 342
                                                                 The original consolidated financial statements include herein are in the
                                                                                                                   Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                           PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                 AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                             NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                           As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                               and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                   (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                           Unless Otherwise Stated)


12. UTANG BANK (lanjutan)                                        12. BANK LOANS (continued)

   Utang bank jangka panjang                                         Long-term bank loans

   Rincian utang bank adalah sebagai berikut:                        The details of bank loans are as follows:
                                                   2024            2023

   Rupiah                                                                                                                    Rupiah
   Bank Mandiri                                   520.017.270      963.641.270                                          Bank Mandiri
   Dikurangi biaya tangguhan
      atas utang bank                                (586.134)       (1.727.036)               Less deferred charges on bank loan

   Total                                          519.431.136      961.914.234                                                   Total
   Dikurangi bagian yang jatuh
      tempo dalam satu tahun                      337.603.441      443.624.000                                Less current maturities

   Total utang bank, setelah
     dikurangi bagian yang jatuh                                                                                 Total bank loans,
     tempo dalam satu tahun                       181.827.695      518.290.234                           net of current maturities


   Fasilitas Kredit                                                  Credit Facilities

   Bank Mandiri                                                      Bank Mandiri

   Pada 29 Juli 2021, Grup memperoleh beberapa                       On July 29, 2021, the Group obtained several loan
   fasilitas pinjaman dari Bank Mandiri dengan rincian               facilities from Bank Mandiri with details as follows:
   sebagai berikut:
         Fasilitas Kredit Investasi untuk Entitas Anak                     Investment Credit Facilities for the Company’s
         Perusahaan        dengan     batas      maksimum                  Subsidiaries with a combined maximum credit
         pinjaman gabungan sebesar Rp1.937.586.000,                        limit of Rp1,937,586,000, detailed as
         dirinci menjadi Fasilitas Kredit Investasi Tranche                Investment Credit Facility Tranche 1 amounting
         1 sebesar Rp1.666.898.270 dan Fasilitas Kredit                    to Rp1,666,898,270 and Investment Credit
         Investasi Tranche 2 sebesar Rp270.687.730.                        Facility     Tranche     2     amounting      to
         Fasilitas tersebut digunakan untuk pembiayaan                     Rp270,687,730. The facilities are used to
         kembali       pinjaman     yang      ada     untuk                refinance existing loans used for oil palm
         pengembangan kebun kelapa sawit. Pinjaman                         plantations development. These loans are
         tersebut dilunasi dengan angsuran kuartalan                       being repaid through quarterly installment up to
         sampai dengan bulan Juni 2025. Sampai                             June 2025. Up to December 31, 2024, the
         dengan 31 Desember 2024, Grup sudah                               Group has withdrawn Rp1,824,486,270 from
         melakukan penarikan pinjaman sebesar                              these facilities.
         Rp1.824.486.270 dari fasilitas tersebut.
         Fasilitas Term Loan 1 untuk Perusahaan                            Term Loan 1 Facility for the Company with
         dengan batas maksimum pinjaman sebesar                            maximum       credit    limit      amounting      to
         Rp900.000.000. Fasilitas tersebut digunakan                       Rp900,000,000. This facility is used for
         untuk akuisisi kebun kelapa sawit dan capital                     acquisition of oil palm plantations and other
         expenditure lainnya. Fasilitas ini berlaku selama                 capital expenditures. This facility is valid for 108
         108 bulan sejak Juli 2021 sampai dengan                           months starting July 2021 to July 2030,
         Juli 2030, termasuk masa penarikan selama                         including withdrawal period of 36 months and
         36 bulan dan jangka waktu angsuran maksimal                       the maximum installment period of 72 months.
         72 bulan. Sampai dengan 31 Desember 2024,                         Up to December 31, 2024, this loan facility has
         fasilitas pinjaman ini belum digunakan namun                      not yet been utilized but is still available.
         masih tersedia.




                                                          62
Page 343
                                                               The original consolidated financial statements include herein are in the
                                                                                                                 Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                         PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                               AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                           NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                              FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                         As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                             and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                 (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                         Unless Otherwise Stated)


12. UTANG BANK (lanjutan)                                      12. BANK LOANS (continued)

   Utang bank jangka panjang (lanjutan)                            Long-term bank loans (continued)

   Fasilitas Kredit (lanjutan)                                     Credit Facility (continued)

   Bank Mandiri (lanjutan)                                         Bank Mandiri (continued)

   Pada 29 Juli 2021, Grup memperoleh beberapa                     On July 29, 2021, the Group obtained several loan
   fasilitas pinjaman dari Bank Mandiri dengan rincian             facilities from Bank Mandiri with details as follows:
   sebagai berikut: (lanjutan)                                     (continued)
         Fasilitas Term Loan 3 untuk Perusahaan                          Term Loan 3 Facility for the Company with
         dengan batas maksimum pinjaman sebesat                          maximum      credit     limit   amounting     to
         Rp700.000.000. Fasilitas tersebut digunakan                     Rp700,000,000. This facility is used for capital
         untuk capital expenditure dan pelunasan                         expenditures and refinancing credit facilities
         fasilitas kredit BNI. Fasilitas ini dilunasi dengan             from BNI. This facility is being repaid through
         angsuran kuartalan sampai dengan tahun 2025.                    quarterly installment up to 2025. Up to
         Sampai dengan 31 Desember 2024,                                 December 31, 2024, the Company has
         Perusahaan sudah melakukan penarikan                            withdrawn Rp585,930,000 from this facility.
         pinjaman sebesar Rp585.930.000 dari fasilitas
         tersebut.

   Pinjaman ini dikenakan bunga tahunan dan                        These loans bear interest at annual rates which are
   sewaktu-waktu dapat berubah sesuai dengan                       amendable at any time based on applicable rules in
   ketentuan yang berlaku di Bank Mandiri. Pada tahun              Bank Mandiri. In 2024 and 2023, these facilities
   2024 dan 2023, fasilitas pinjaman tersebut                      were subject to interest at an annual rates ranging
   dikenakan suku bunga tahunan sebesar 7,25%                      from 7.25% to 7.50%.
   sampai dengan 7,50%.

   Pada tahun 2024, Grup telah melakukan                           In 2024, the Group has made a payment of the loan
   pembayaran pinjaman kepada Bank Mandiri                         to Bank Mandiri amounting to Rp443,624,000
   sebesar Rp443.624.000 (2023: Rp554.050.000).                    (2023: Rp554,050,000).

   Jaminan                                                         Collateral

   Fasilitas pinjaman dari Bank Mandiri di atas dijamin            The above loan facilities from Bank Mandiri are
   dengan aset tetap tertentu dari TPS, TBPP, TLN,                 secured by certain fixed assets of TPS, TBPP, TLN,
   SPN, IEK, MJA, CAP dan GSA (Catatan 8), Letter                  SPN, IEK, MJA, CAP and GSA (Note 8), Letter of
   of Undertaking dari PT Teladan Resources,                       Undertaking of PT Teladan Resoures, Corporate
   Corporate Guarantee Perusahaan dan jaminan                      Guarantee of the Company and personal
   pribadi dari pihak berelasi tertentu.                           guarantees from certain related parties.

   Perjanjian pinjaman ini juga mencakup klausul                   The loan agreements also contain clauses
   mengenai cross collateral dan cross default antara              concerning cross collateral and cross default
   fasilitas pinjaman dari Bank Mandiri yang diperoleh             between the loan facilities obtained from Bank
   Perusahaan, TPS, TBPP, TLN, SPN, IEK, MJA,                      Mandiri by the Company, TPS, TBPP, TLN, SPN,
   CAP dan GSA.                                                    IEK, MJA, CAP and GSA.

   Pembatasan                                                      Covenants

   Perjanjian pinjaman dengan Bank Mandiri juga                    The loan agreements with Bank Mandiri provide for
   menyatakan pembatasan tertentu yaitu, antara lain,              certain restrictions such as, among others,
   Grup diharuskan untuk memperoleh persetujuan                    requirement for the Group to obtain prior written
   tertulis sebelumnya dari bank sehubungan dengan                 approval from the bank in relation with certain
   transaksi-transaksi tertentu, seperti, antara lain,             transactions such as, among others, changes in its
   perubahan anggaran dasar, merger, atau akuisisi.                articles of association, merger or acquisition.

   Grup juga diharuskan untuk mempertahankan rasio-                The Group is also required to maintain certain
   rasio keuangan tertentu untuk laporan keuangan                  financial ratios in its consolidated financial
   konsolidasian.                                                  statements.

                                                          63
Page 344
                                                                     The original consolidated financial statements include herein are in the
                                                                                                                       Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                               PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                     AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                 NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                    FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                               As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                   and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                       (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                               Unless Otherwise Stated)


12. UTANG BANK (lanjutan)                                          12. BANK LOANS (continued)

   Kepatuhan atas Syarat-syarat Pinjaman                                 Compliance to Loan Covenants

   Grup telah memenuhi semua persyaratan                                 The Group has complied with all covenants relating
   sehubungan dengan pinjaman tersebut di atas pada                      to the above-mentioned loans as of December 31,
   tanggal 31 Desember 2024 dan 2023.                                    2024 and 2023.


13. IMBALAN KERJA                                                  13. EMPLOYEE BENEFITS

   Liabilitas Imbalan Kerja Jangka Pendek                                Short-term Employee Benefits Liability

   Liabilitas imbalan kerja jangka pendek seluruhnya                     Short-term employee benefits liability represents
   merupakan tunjangan karyawan yang masih harus                         accruals for employee allowances.
   dibayar.

   Liabilitas Imbalan Kerja Jangka Panjang                               Long-term Employee Benefits Liability

   Grup mencatat penyisihan imbalan kerja untuk                          The Group makes provisions for employee benefits
   memenuhi dan menutup imbalan minimum yang                             in order to meet and cover the minimum benefits
   harus dibayar kepada karyawan-karyawan sesuai                         required to be paid to the qualified employees under
   dengan peraturan yang berlaku. Penyisihan tersebut                    applicable regulation. The said provisions are
   diestimasi dengan menggunakan perhitungan                             estimated using actuarial calculations using the
   aktuarial metode “Projected Unit Credit”.                             “Projected Unit Credit” method.

   Cadangan     imbalan      kerja  untuk    tanggal                     The provision for employee benefits as of
   31 Desember 2024 diestimasi oleh KKA Azwir Arifin                     December 31, 2024 were estimated by KKA Azwir
   dan Rekan, aktuaris independen, dalam laporannya                      Arifin dan Rekan, an independent actuary, based on
   tanggal 6 Januari 2025 untuk Perusahaan dan                           its reports dated January 6, 2025 for the Company
   26 Februari 2025 untuk entitas anak (2023: 19                         and February 26, 2025 for subsidiaries (2023:
   Januari 2024 untuk Perusahaan dan 28 Februari                         January 19, 2024 for the Company and February 28,
   2024 untuk entitas anak).                                             2024 for subsidiaries).

   Asumsi dasar yang digunakan pada perhitungan                          The key assumptions used for the said actuarial
   aktuaria tersebut, antara lain, adalah sebagai                        calculations, among others, are as follows:
   berikut:

                                            2024                         2023

   Tingkat diskonto per tahun                  6,88%-7,14%                  6,37%-7,10%                         Discount rate per annum
   Tingkat kenaikan gaji per tahun            8,00%-10,00%                 8,00%-10,00%                Salary increment rate per annum
   Usia pensiun normal                        56 tahun/years               56 tahun/years                         Normal retirement age
   Tingkat mortalitas                         Tabel Mortalita              Tabel Mortalita                                 Mortality rate
                                             Indonesia 2019               Indonesia 2019
                                                    (TMI’19)/                    (TMI’19)/
                                       Indonesian Mortality           Indonesian Mortality
                                       Table 2019 (TMI’19)           Table 2019 (TMI’19)
   Tingkat perputaran                     10,00% untuk karyawan di bawah usia                                               Turnover rate
                                           30 tahun dan akan berkurang secara
                                          linear sampai 0% pada usia 56 tahun/
                                          10,00% for employees before the age
                                         of 30 and will linearly decrease until 0%
                                                    at the age of 56 years
   Tingkat kecacatan                           10,00% dari tingkat mortalitas/                                              Disability rate
                                                  10,00% from mortality rate




                                                       64
Page 345
                                                                        The original consolidated financial statements include herein are in the
                                                                                                                          Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                                  PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                    NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                                  As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                      and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                          (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)


13. IMBALAN KERJA (lanjutan)                                          13. EMPLOYEE BENEFITS (continued)

   Mutasi atas liabilitas imbalan kerja adalah sebagai                      Employee benefits liability movements are as
   berikut:                                                                 follows:
                                                      2024                2023

   Saldo awal tahun                                 254.310.364           217.898.969                         Balance at beginning of year

   Peyisihan pada tahun berjalan                                                                              Provision during current year
   Beban jasa kini                                    41.276.647            39.359.934                                 Current service cost
   Beban bunga                                        16.180.126            14.653.799                                         Interest cost
   Pembayaran imbalan kerja                          (13.468.750)          (16.022.053)                                       Benefits paid

   Rugi (laba) aktuarial
     yang timbul dari:                                                                                Actuarial loss (gain) resulting from:
     Perubahan asumsi keuangan                        (7.961.741)            8.810.450               Changes in financial assumptions
     Penyesuaian pengalaman                          (16.792.169)          (10.390.735)                       Experience adjustments

   Saldo akhir tahun                                273.544.477           254.310.364                              Balance at end of year



   Analisa Sensitivitas untuk Asumsi Aktuarial                              Sensitivity Analysis for Actuarial Assumptions

   Pada tanggal 31 Desember 2024 dan 2023, analisa                          On December 31, 2024 and 2023, sensitivity
   sensitivitas atas asumsi-asumsi aktuarial adalah                         analysis for actuarial assumptions are as follows:
   sebagai berikut:

                                         Tingkat diskonto/                Kenaikan gaji tahunan/
                                          Discount rates                  Annual salary increases

                                                     Pengaruh                               Pengaruh
                                                         atas                                   atas
                                                      liabilitas                             liabilitas
                                                   imbalan kerja/                         imbalan kerja/
                                                     Effect on                              Effect on
                                                     employee                               employee
                                   Basis poin/        benefits        Basis poin/            benefits
                                   Basis points        liability      Basis points            liability

   2024                                                                                                                                  2024
   Kenaikan                                 100        (18.982.041)              100          24.662.102                             Increase
   Penurunan                                100         22.252.683               100         (21.576.820)                           Decrease

   2023                                                                                                                                  2023
   Kenaikan                                 100        (18.369.396)              100          23.217.753                             Increase
   Penurunan                                100         20.980.088               100         (20.804.902)                           Decrease

   Pembayaran kontribusi yang diharapkan dari                               The following payments are expected contributions
   liabilitas imbalan kerja pada tahun mendatang adalah                     to the employee benefits liability in future years:
   sebagai berikut:
                                                      2024                2023

   Dalam 12 bulan mendatang                          13.752.114             7.592.939                            Within the next 12 months
   Antara 1 sampai 2 tahun                           17.159.174            14.819.556                               Between 1 and 2 years
   Antara 2 sampai 5 tahun                           63.879.418            59.844.660                               Between 2 and 5 years
   Di atas 5 tahun                                9.015.848.716         8.285.801.117                                       Beyond 5 years

   Total                                          9.110.639.422         8.368.058.272                                                   Total


   Durasi rata-rata dari liabilitas imbalan kerja pada                      The average duration of the employee benefits
   tanggal 31 Desember 2024 adalah antara                                   liability at December 31, 2024 was ranging from
   16,50 tahun    sampai     dengan      21,10    tahun                     16.50 years to 21.10 years (2023: 17.77 years to
   (2023: 17,77 tahun sampai dengan 21,27 tahun).                           21.27 years).



                                                             65
Page 346
                                                                                         The original consolidated financial statements include herein are in the
                                                                                                                                           Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                                                    PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                                                    As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                                        and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                                            (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                                                    Unless Otherwise Stated)


14. EKUITAS                                                                            14. EQUITY

   Modal Saham                                                                               Share Capital

   Pada tanggal 31 Desember 2024 dan 2023, rincian                                           As of December 31, 2024 and 2023, the details of
   pemegang saham Perusahaan dan kepemilikan                                                 the Company’s shareholders and their respective
   sahamnya masing-masing adalah sebagai berikut:                                            share ownership are as follows:

                                             Total Saham
                                           Ditempatkan dan
                                            Disetor Penuh/               Persentase
                                           Number of Shares             Kepemilikan/
                                              Issued and                 Percentage                   Jumlah/
    Pemegang Saham                             Fully Paid               of Ownership                  Amount                                    Shareholders

    PT Teladan Resources                        7.752.552.400                     59,89%              775.255.240                     PT Teladan Resources
    Tn. Ahmad Gunung                            2.100.563.000                     16,22%              210.056.300                        Mr. Ahmad Gunung
    Tn. Wishnu Wardhana *)                      2.100.563.000                     16,22%              210.056.300                    Mr. Wishnu Wardhana *)
    Tn. Wiwoho Basuki Tjokronegoro                 21.862.000                      0,17%                2.186.200            Mr. Wiwoho Basuki Tjokronegoro
    Tn. Mahirudin **)                                 500.000                      0,00%                   50.000                           Mr. Mahirudin **)
    Publik                                        970.489.800                      7,50%               97.048.980                                     Public

    Total                                      12.946.530.200                    100,00%            1.294.653.020                                        Total

  *) Tn. Wishnu Wardhana adalah Direktur Utama Perusahaan/Mr. Wishnu Wardhana is the President Director of the Company
  **) Tn. Mahirudin adalah Direktur Perusahaan/Mr. Mahirudin is the Director of the Company




    Pengelolaan Modal                                                                        Capital Management

   Tujuan utama pengelolaan modal Grup adalah                                                The primary objective of the Group’s capital
   untuk memastikan pemeliharaan rasio modal yang                                            management is to ensure that it maintains healthy
   sehat untuk mendukung usaha dan memaksimalkan                                             capital ratios in order to support its business and
   imbalan bagi pemegang saham. Grup mengelola                                               maximize shareholder value. The Group manages
   struktur permodalan dan melakukan penyesuaian                                             its capital structure and makes adjustments to it in
   terhadap perubahan kondisi ekonomi. Untuk                                                 light of changes in economic conditions. To maintain
   memelihara      dan     menyesuaikan     struktur                                         or adjust the capital structure, the Group can seek
   permodalan,      Grup    dapat    mengusahakan                                            funding through loans from shareholders as long as
   pendanaan melalui pinjaman dari pemegang saham                                            it does not conflict with bank loan’s covenants.
   sepanjang tidak bertentangan dengan persyaratan-
   persyaratan dari utang bank.




                                                                          66
Page 347
                                                             The original consolidated financial statements include herein are in the
                                                                                                               Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                       PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                       As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                           and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                               (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


14. EKUITAS (lanjutan)                                       14. EQUITY (continued)

   Pengelolaan Modal (lanjutan)                                  Capital Management (continued)

   Tidak ada perubahan atas tujuan, kebijakan maupun             No changes was made in the objectives, policies or
   proses untuk tahun yang berakhir pada tanggal                 processes for the years ended December 31, 2024
   31 Desember 2024 dan 2023.                                    and 2023.

   Kebijakan Grup adalah mempertahankan rasio                    The Group’s policy is to maintain a working capital
   modal kerja, struktur permodalan yang sehat untuk             ratio and a healthy capital structure in order to
   mengamankan akses terhadap pendanaan pada                     secure access for financing at a reasonable cost.
   biaya yang wajar.

   Selain itu, Grup juga dipersyaratkan oleh Undang-             In addition, the Group is also required by the Limited
   undang Perseroan Terbatas Tahun 2007 untuk                    Liability Company Law Year 2007 to allocate and
   mengalokasikan sampai dengan 20% dari modal                   maintain a non-distributable reserve fund until the
   saham ditempatkan dan disetor penuh ke dalam                  said reserve reaches 20% of the issued and fully
   dana cadangan yang tidak boleh didistribusikan.               paid share capital. This externally imposed capital
   Persyaratan permodalan eksternal tersebut                     requirement is considered by the Group at the
   dipertimbangkan oleh Grup pada Rapat Umum                     Annual General Shareholders Meeting.
   Pemegang Saham.

   Cadangan umum                                                 Appropriated for general reserve

   Dalam Rapat Umum Pemegang Saham Tahunan                       Based on the Annual General            Shareholders
   (“RUPST”) Perusahaan pada tanggal 25 April 2024,              Meeting (“AGM”) of the Company dated
   para pemegang saham memutuskan untuk                          April 25, 2024,        the shareholders approved
   menyisihkan Rp1.000.000 dari laba tahun 2023                  additional appropriation of Rp1,000,000 from 2023
   sebagai tambahan cadangan umum sesuai dengan                  profit for general reserve in accordance with Article
   ketentuan Pasal 61 dari Undang-undang No.40                   61 Law No.40 Year 2007 regarding Limited Liability
   Tahun 2007 tentang Perseroan Terbatas.                        Company.

   Dalam Rapat Umum Pemegang Saham Tahunan                       Based on the Annual General         Shareholders
   (“RUPST”) Perusahaan pada tanggal 3 Mei 2023,                 Meeting (“AGM”) of the Company dated
   para pemegang saham memutuskan untuk                          May 3, 2023, the shareholders approved additional
   menyisihkan Rp1.000.000 dari laba tahun 2022                  appropriation of Rp1,000,000 from 2022 profit for
   sebagai tambahan cadangan umum sesuai dengan                  general reserve in accordance with Article 61 Law
   ketentuan Pasal 61 dari Undang-undang No.40                   No.40 Year 2007 regarding Limited Liability
   Tahun 2007 tentang Perseroan Terbatas.                        Company.

   Tambahan modal disetor                                        Additional paid-in capital

   Akun ini merupakan selisih lebih kas yang diterima            This account represents the excess of cash
   dari penerbitan saham atas jumlah nilai nominal               received from the issuance of stock over the total
   saham dan selisih nilai transaksi restrukturisasi             nominal value of the shares and differences arising
   entitas sepengendali.                                         from restructuring transactions among entities under
                                                                 common control.

   Rincian akun ini adalah sebagai berikut:                      The details of this account are as follows:

                                               2024            2023

    Agio saham                                248.573.376      248.573.376                                      Share premium
    Biaya emisi saham                         (14.754.919)     (14.754.919)                               Share issuance costs
                                                                                          Differences arising from restructuring
   Selisih nilai transaksi restrukturisasi                                                transactions amog entities under
      entitas sepengendali                    (84.058.633)      (84.058.633)                                common control

   Total                                      149.759.824      149.759.824                                               Total




                                                      67
Page 348
                                                                          The original consolidated financial statements include herein are in the
                                                                                                                            Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                                     PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                           AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                       NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                          FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                                     As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                         and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                             (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                                     Unless Otherwise Stated)


14. EKUITAS (lanjutan)                                                  14. EQUITY (continued)

   Tambahan modal disetor (lanjutan)                                          Additional paid-in capital (continued)

   Rincian selisih nilai transaksi restrukturisasi entitas                    The differences arising from restructuring
   sepengendali adalah sebagai berikut:                                       transactions among entities under common control
                                                                              are as follows:
                                                                                                   Bagian atas Nilai
                                                                                                  tercatat Aset yang             Selisih Nilai
                                               Tanggal Efektif                                        Diakuisisi/                 Transaksi/
                                                  Transaksi/            Total Imbalan/           Share in the Carrying         Difference in the
                  Deskripsi/                   Effective Date of            Total               Amount of the Acquired              Value of
                  Description                    Transaction            Consideration                   Assets                   Transactions

    Transaksi pembelian saham SPN dari TR/        6 Desember 2007/
    Purchase of shares of SPN from TR             December 6, 2007                (412.500)                    (8.235.278)               (8.647.778)
    Transaksi pembelian saham IEK dari TR/        6 Desember 2007/
    Purchase of shares of IEK from TR             December 6, 2007                (756.800)                    (9.488.720)             (10.245.520)
    Transaksi pembelian saham TLN dari TR/        6 Desember 2007/
    Purchase of shares of TLN from TR             December 6, 2007              (3.630.000)                   (20.929.016)             (24.559.016)
    Transaksi pembelian saham TBPP dari TR/       6 Desember 2007/
    Purchase of shares of TBPP from TR            December 6, 2007              (5.280.000)                   (15.116.879)             (20.396.879)
    Transaksi pembelian saham GSA dari TR/        6 Desember 2007/
    Purchase of shares of GSA from TR             December 6, 2007                (207.000)                     (263.617)                 (470.617)
    Transaksi pembelian saham TPS dari TR/        6 Desember 2007/
    Purchase of shares of TPS from TR             December 6, 2007                (440.000)                    (6.235.593)               (6.675.593)
    Transaksi pembelian saham DL dari PT
    Teladan Utama/
    Purchase of shares of DL from PT Teladan       21 Oktober 2015/
    Utama                                          October 21, 2015             (1.500.000)                    1.291.341                  (208.659)
    Transaksi penjualan saham TPP kepada
    SGA/                                               17 Mei 2021/
    Sales of shares of TPP to SGA                      May 17, 2021                      13                   12.883.688               (12.883.675)
    Transaksi penjualan saham TWS kepada
    SGA/                                               17 Mei 2021/
    Sales of shares of TWS to SGA                      May 17, 2021                500.000                       495.509                     4.491
    Transaksi penjualan saham TLPS kepada
    SGA/                                               17 Mei 2021/
    Sales of shares of TLPS to SGA                     May 17, 2021                500.000                       495.509                     4.491
    Transaksi penjualan saham LPSA kepada
    SGA/                                               17 Mei 2021/
    Sales of shares of LPSA to SGA                     May 17, 2021                500.000                       495.509                     4.491
    Transaksi penjualan saham SMS kepada
    SGA/                                               17 Mei 2021/
    Sales of shares of SMS to SGA                      May 17, 2021                500.000                       495.509                     4.491
    Transaksi penjualan saham TSA kepada
    SGA/                                               17 Mei 2021/
    Sales of shares of TSA to SGA                      May 17, 2021                500.000                       488.860                    11.140

    Total/Total
                                                                                                                                       (84.058.633)




   Penawaran Umum Perdana                                                     Initial Public Offering

   Pada tanggal 12 April 2022, Perusahaan telah                               On April 12, 2022, the Company completed the
   menyelesaikan penawaran umum perdana atas                                  initial public offering of its 517,861,200 shares to the
   517.861.200 saham kepada masyarakat dengan                                 public at Rp580 per share (full amount) with net
   harga Rp580 per saham (angka penuh) dan                                    proceeds amounting to Rp233,818,457 (net of share
   penerimaan neto sebesar Rp233.818.457 (setelah                             emission cost). The difference between par value
   dikurangi biaya emisi saham). Selisih antara nilai                         per share (Rp100 - full amount) and the offering
   nominal per saham (Rp100 - angka penuh) dan                                price per share (Rp580 - full amount) was presented
   harga penawaran per saham (Rp580 - angka penuh)                            as part of “Additional Paid-in Capital” account in the
   dicatat sebagai bagian dari akun “Tambahan Modal                           consolidated statement of financial position.
   Disetor”    pada    laporan     posisi keuangan
   konsolidasian.
   Dividen                                                                    Dividends
   Dalam RUPST Perusahaan pada tanggal                                        Based on the AGM of the Company dated
   25 April 2024, Perusahaan membagikan dividen kas                           April 25, 2024, the Company distributed cash
   sebesar Rp158.361.099 dari laba tahun 2023 yang                            dividends amounting to Rp158,361,099 from 2023
   telah dibayarkan seluruhnya oleh Perusahaan di                             profit which had been fully paid by the Company in
   tahun berjalan.                                                            the current year.

                                                                   68
Page 349
                                                                        The original consolidated financial statements include herein are in the
                                                                                                                          Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                                  PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                        AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                    NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                       FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                                  As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                      and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                          (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                                  Unless Otherwise Stated)


14. EKUITAS (lanjutan)                                                  14. EQUITY (continued)

   Dividen (lanjutan)                                                       Dividends (continued)
   Dalam RUPST Perusahaan pada tanggal                                      Based on the AGM of the Company dated
   3 Mei 2023, Perusahaan membagikan dividen kas                            May 3, 2023, the Company distributed cash
   sebesar Rp174.756.812 dari laba tahun 2022 yang                          dividends amounting to Rp174,756,812 from 2022
   telah dibayarkan seluruhnya oleh Perusahaan di                           profit which had been fully paid by the Company in
   tahun berjalan.                                                          the current year.

15. PENDAPATAN DARI KONTRAK DENGAN                                      15. REVENUE   FROM    CONTRACTS      WITH
    PELANGGAN DAN LIABILITAS KONTRAK                                        CUSTOMERS AND CONTRACT LIABILITIES

   Pendapatan dari kontrak dengan pelanggan                                 Revenue from contracts with customers

   Rincian pendapatan dari kontrak dengan pelanggan                         The details of revenue from contracts with
   adalah sebagai berikut:                                                  customers are as follows:
                                                        2024              2023

   Pihak ketiga                                                                                                              Third parties
   Minyak kelapa sawit                               3.845.777.090       3.718.166.856                                      Crude palm oil
   Inti kelapa sawit                                   271.773.146         239.001.059                                       Palm kernels
   Minyak inti kelapa sawit                             89.894.254                   -                               Crude palm kernels oil
   Lain-lain                                             3.835.742             703.921                                             Others
   Pihak berelasi (Catatan 19)                                                                                   Related parties (Note 19)
   Inti kelapa sawit                                          201.350         400.586                                         Palm kernels
   Minyak kelapa sawit                                              -      48.809.840                                       Crude palm oil

   Total                                             4.211.481.582      4.007.082.262                                                   Total


   Penjualan dengan satu pelanggan tunggal yang                             Sales transaction with any single customer with a
   jumlah penjualan kumulatifnya melebihi 10% dari                          cumulative sales amount exceeding 10% of the total
   total pendapatan konsolidasian adalah sebagai                            consolidated revenue are as follows:
   berikut:
                                                                           Persentase terhadap
                                                                           jumlah pendapatan/
                                                                              Percentage of
                                                Total/Total                   total revenue
                                         2024                 2023        2024               2023
  Pihak ketiga                                                                                                                Third parties
     PT Wilmar Nabati Indonesia      1.257.206.245      1.329.507.971       29,85%              33,18%        PT Wilmar Nabati Indonesia
     PT Energi Unggul Persada          909.411.942        583.327.434       21,59%              14,56%         PT Energi Unggul Persada
     PT Karyanusa Ekadaya              548.417.353        456.606.639       13,02%              11,39%            PT Karyanusa Ekadaya
     PT Karya Indah Alam Sejahtera     543.645.211        656.365.714       12,91%              16,38%     PT Karya Indah Alam Sejahtera
     PT Green Global Utama             385.462.225        516.568.200        9,15%              12,89%           PT Green Global Utama

  Total                              3.644.142.976      3.542.375.958       86,52%              88,40%                                  Total


   Liabilitas kontrak                                                       Contract liabilities

   Liabilitas kontrak merupakan imbalan kontrak atas                        Contract liabilities consist of considerations for
   produk minyak kelapa sawit dan inti kelapa sawit                         crude palm oil and palm kernel products paid by the
   yang diterima dari pelanggan.                                            customers.

   Pendapatan yang diakui dari liabilitas kontrak pada                      The amount of revenue recognized from contract
   tanggal 31 Desember 2023 pada tahun berjalan                             liabilities as at December 31, 2023 in the current
   adalah    sebesar      Rp327.683.035         (2022:                      year was Rp327,683,035 (2022: Rp209,421,999).
   Rp209.421.999).




                                                                 69
Page 350
                                                            The original consolidated financial statements include herein are in the
                                                                                                              Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                      PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                      As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                          and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                              (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


15. PENDAPATAN DARI KONTRAK DENGAN                          15. REVENUE     FROM CONTRACTS   WITH
    PELANGGAN DAN LIABILITAS KONTRAK                            CUSTOMERS AND CONTRACT LIABILITIES
    (lanjutan)                                                  (continued)

   Kewajiban pelaksanaan                                        Performance obligation

   Kewajiban pelaksanaan pada Grup, yang mencakup               The performance obligations of the Group, which
   produk-produk di atas, dipenuhi pada saat                    cover the products mentioned above, are satisfied
   pengiriman dari lokasi Grup atau pada penyerahan             upon shipment from the Group’s location or upon
   barang di lokasi pelanggan sesuai persyaratan                delivery of the goods at the customer’s location as
   dalam kontrak.                                               agreed in the contracts.

16. BEBAN POKOK PENJUALAN                                   16. COST OF GOODS SOLD

   Rincian beban pokok penjualan adalah sebagai                 The details of cost of goods sold are as follows:
   berikut:

                                              2024            2023

   Biaya produksi langsung                                                                            Direct production costs
   Pembelian tandan buah segar               825.532.154      758.433.346                     Purchases of fresh fruit bunches
   Pemupukan dan biaya pemeliharaan
     lainnya atas tanaman produktif                                                          Manuring and other maintenance
     telah menghasilkan                      699.056.267      653.389.805                    costs of mature bearer plants
   Panen dan pengumpulan                     571.529.686      506.500.487                            Harvesting and collecting
   Biaya pengolahan                           88.169.605       84.509.920                                    Processing costs
   Perbaikan dan pemeliharaan                 82.471.281       81.785.234                           Repairs and maintenance

   Total biaya produksi langsung           2.266.758.993     2.084.618.792                         Total direct production costs

   Biaya produksi tidak langsung                                                                      Indirect production costs
   Penyusutan dan amortisasi                                                                     Depreciation and amortization
     (Catatan 8 dan 10)                      257.039.198      253.265.095                                 (Notes 8 and 10)
   Gaji, upah dan imbalan kerja              179.566.250      151.663.727              Salaries, wages and employee benefits
   Administrasi kantor                        73.276.033       67.573.075                                 Office administration
   Perbaikan dan pemeliharaan                 60.694.495       53.494.910                           Repairs and maintenance
   Lain-lain                                  94.508.016       75.681.862                                               Others

   Sub-total                                 665.083.992      601.678.669                                               Sub-total

   Total biaya yang dikapitalisasi ke                                                                    Amount capitalized to
     tanaman produktif belum                                                                           immature bearer plants
     menghasilkan (Catatan 8)                 (1.470.431)       (2.713.207)                                         (Note 8)

   Total biaya produksi tidak langsung       663.613.561      598.965.462                        Total indirect production costs

   Total biaya produksi                    2.930.372.554     2.683.584.254                         Cost of goods manufactured

   Persediaan barang jadi                                                                           Finished goods inventories
     Awal tahun                              180.985.222       345.214.219                               At beginning of year
     Pembelian                                24.870.574        88.955.574                                         Purchase
     Akhir tahun (Catatan 5)                (380.903.208)     (180.985.222)                           At end of year (Note 5)

   Total                                   2.755.325.142     2.936.768.825                                                  Total



   Pada tahun 2024 dan 2023, tidak ada transaksi dari           In 2024 and 2023, there were no transaction made
   satu pemasok dengan jumlah transaksi kumulatif               with any single supplier with a cumulative amount
   yang melebihi 10% dari jumlah pendapatan                     exceeding 10% of the consolidated revenue.
   konsolidasian.




                                                     70
Page 351
                                                              The original consolidated financial statements include herein are in the
                                                                                                                Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                        PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                              AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                          NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                             FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                        As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                            and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                        Unless Otherwise Stated)


17. BEBAN DAN PENGHASILAN OPERASI                            17. OPERATING EXPENSES AND INCOME

   Beban penjualan dan distribusi terutama terdiri dari           Selling and distribution expenses mostly consist of
   beban pengangkutan dan jasa muat.                              freight and loading expenses.

   Rincian beban umum dan administrasi adalah                     The details of general and administrative expenses
   sebagai berikut:                                               are as follows:

                                                2024            2023

   Gaji dan kesejahteraan karyawan            143.973.089      122.608.205                     Salaries and employee benefits
   Jasa tenaga ahli                            32.235.086       18.982.720                                    Professional fees
   Perjalanan dinas                            29.517.842       24.303.041                                      Business travel
   Penyusutan (Catatan 8 dan 10)               23.576.398       16.581.162                      Depreciation (Notes 8 and 10)
   Administrasi kantor                          9.608.213        7.685.271                                Office administration
   Lain-lain                                   19.733.828       16.273.215                                              Others

   Total                                      258.644.456      206.433.614                                                   Total


   Rincian penghasilan operasi lain adalah sebagai           The details of other operating income are as follows:
   berikut:

                                                2024            2023

   Pendapatan sewa kendaraan                   11.731.000         5.716.355                     Rental income from vehicles
   Biaya manajemen plasma                       9.763.977         7.038.505                         Plasma management fee
   Laba kurs operasi                              138.532            11.747                  Operating foreign exchange gain
   Kompensasi biaya pengembangan                                                                 Compensation of plantation
      tanaman perkebunan (Catatan 21)                   -        44.052.850                   development cost (Note 21)
   Lain-lain                                   11.557.518        15.828.291                                           Others

   Total                                       33.191.027        72.647.748                                                  Total


   Rincian beban operasi lain adalah sebagai berikut:        The details of other operating expenses are as follows:

                                                2024            2023

   Beban pajak                                 15.412.875        11.511.529                                       Tax expenses
   Penyisihan penurunan                                                                            Allowance for impairment of
      nilai piutang plasma (Catatan 7)         10.783.598         6.654.026                    plasma receivables (Note 7)
   Penghapusan aset tetap (Catatan 8)                   -         4.566.158                   Write-off of fixed assets (Note 8)
   Lain-lain                                    6.825.367         1.506.708                                               Others

   Total                                       33.021.840        24.238.421                                                  Total




                                                        71
Page 352
                                                            The original consolidated financial statements include herein are in the
                                                                                                              Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                      PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                      As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                          and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                              (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


18. PENGHASILAN           KEUANGAN       DAN   BEBAN        18. FINANCE INCOME AND FINANCE EXPENSES
    KEUANGAN

   Rincian penghasilan keuangan adalah sebagai                  The details of finance income are as follows:
   berikut:

                                               2024           2023

   Penghasilan bunga:                                                                                     Interest income:
      Jasa giro dan deposito berjangka         15.993.813      14.017.023                Cash in banks and time deposits
     Piutang plasma                                     -       4.647.863                            Plasma receivables
   Lain-lain                                        8.604               -                                            Others

   Total                                       16.002.417      18.664.886                                                  Total


   Rincian beban keuangan adalah sebagai berikut:               The details of finance expenses are as follows:

                                               2024           2023

   Beban bunga:                                                                                          Interest expenses:
      Pinjaman bank                            59.213.014      98.711.854                                    Bank loans
      Liabilitas sewa (Catatan 10)              7.121.467       6.835.280                    Lease liabilities (Note 10)
   Amortisasi biaya tangguhan                                                              Amortization of deferred charges
      atas utang bank                           1.140.902       1.666.103                                 on bank loans
   Lain-lain                                      300.000         328.439                                            Others

   Total                                       67.775.383    107.541.676                                                   Total




19. TRANSAKSI DAN SALDO DENGAN PIHAK-                       19. TRANSACTIONS AND ACCOUNT BALANCES
    PIHAK BERELASI                                              WITH RELATED PARTIES

   Tabel berikut menyajikan transaksi dengan pihak              The following table presents the total amount of
   berelasi, serta saldo dengan pihak berelasi:                 transactions that have been entered into with related
                                                                parties, as well as balances with related parties:

   a.    Piutang Usaha                                          a. Trade Receivables

                                               2024           2023

        Entitas sepengendali                                                                 Entity under common control
          PT Sawit Sukses Sejahtera              223.498        6.354.632                    PT Sawit Sukses Sejahtera

        Total                                    223.498        6.354.632                                                  Total

        Persentase terhadap total
          aset konsolidasian                       0,00%             0,12%          Percentage to consolidated total assets




                                                      72
Page 353
                                                         The original consolidated financial statements include herein are in the
                                                                                                           Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                    PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                    As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                        and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                            (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


19. TRANSAKSI DAN SALDO DENGAN PIHAK-                    19. TRANSACTIONS AND ACCOUNT BALANCES
    PIHAK BERELASI (lanjutan)                                WITH RELATED PARTIES (continued)

   b. Piutang Lain-lain                                      b.    Other Receivables

                                          2024             2023

        Entitas sepengendali                                                           Entities under common control
          PT Sawit Gemilang Abadi       270.000.000       270.000.000                      PT Sawit Gemilang Abadi
          PT Sawit Sukses Sejahtera      24.964.741        31.090.394                    PT Sawit Sukses Sejahtera
          PT Ladang Palma Subur Abadi     5.000.000         5.000.000                 PT Ladang Palma Subur Abadi
          PT Teladan Sawit Abadi          1.500.278         1.500.278                        PT Teladan Sawit Abadi
          PT Prima Cipta Selaras            874.085            68.406                         PT Prima Cipta Selaras
          PT Tunas Alam Nusantara           819.714           866.514                     PT Tunas Alam Nusantara
          PT Teladan Palma Perkasa          370.244           370.244                    PT Teladan Palma Perkasa

        Pihak berelasi lainnya                                                                   Other related parties
          PT Abadi Gemilang Investama    27.657.710         27.769.603                 PT Abadi Gemilang Investama
          PT Sima Agung Prima Sawit         197.535            104.111                  PT Sima Agung Prima Sawit

        Total                           331.384.307       336.769.550                                                   Total

        Persentase terhadap total
          aset konsolidasian                 5,85%                6,21%          Percentage to consolidated total assets

   c.     Utang Usaha                                        c.    Trade Payables

                                          2024             2023

        Entitas sepengendali                                                            Entities under common control
          PT Prima Cipta Selaras         26.666.286         27.398.615                         PT Prima Cipta Selaras
          PT Tunas Alam Nusantara        14.358.891          7.358.133                     PT Tunas Alam Nusantara
          PT Sawit Sukses Sejahtera      12.031.710                  -                    PT Sawit Sukses Sejahtera

        Pihak berelasi lainnya                                                                     Other related party
          PT Abadi Gemilang Investama    25.147.735         85.152.756                 PT Abadi Gemilang Investama

        Total                            78.204.622       119.909.504                                                   Total

        Persentase terhadap total
          liabilitas konsolidasian           3,10%                4,04%       Percentage to consolidated total liabilities

   d.     Utang Lain-lain                                    d.    Other Payables

                                          2024             2023

        Entitas sepengendali                                                              Entity under common control
          PT Prima Cipta Selaras            180.161               80.431                      PT Prima Cipta Selaras
          PT Sawit Sukses Sejahtera           2.600                3.143                  PT Sawit Sukses Sejahtera

        Pihak berelasi lainnya                                                                       Other related party
          PT Imeco Inter Sarana                  5.249             1.634                        PT Imeco Inter Sarana

        Total                               188.010               85.208                                                Total

        Persentase terhadap total
          liabilitas konsolidasian           0,01%                0,01%       Percentage to consolidated total liabilities




                                                  73
Page 354
                                                             The original consolidated financial statements include herein are in the
                                                                                                               Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                       PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                             AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                         NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                            FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                       As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                           and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                               (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                       Unless Otherwise Stated)


19. TRANSAKSI DAN SALDO DENGAN PIHAK-                        19. TRANSACTIONS AND ACCOUNT BALANCES
    PIHAK BERELASI (lanjutan)                                    WITH RELATED PARTIES (continued)

   e.     Penjualan Barang Jadi                                  e.    Sales of Finished Goods

                                                 2024          2023

        Entitas sepengendali                                                                  Entity under common control
          PT Sawit Sukses Sejahtera                201.350      49.210.426                    PT Sawit Sukses Sejahtera

        Total                                      201.350      49.210.426                                                  Total

        Persentase terhadap
          pendapatan dari kontrak dengan                                                Percentage to consolidated revenue
          pelanggan konsolidasian                   0,00%             1,23%               from contracts with customers

   f.     Pembelian Barang Jadi                                  f.    Purchase of Finished Goods

                                                 2024          2023

        Entitas sepengendali                                                                  Entity under common control
          PT Sawit Sukses Sejahtera             21.624.158      64.829.374                    PT Sawit Sukses Sejahtera
          PT Prima Cipta Selaras                 3.246.416      24.126.200                        PT Prima Cipta Selaras

        Total                                   24.870.574      88.955.574                                                  Total

        Persentase terhadap                                                                        Percentage to consolidated
          beban terkait konsolidasian               0,90%             3,03%                              related expenses


   Beban kompensasi bruto bagi manajemen kunci                   Gross compensation for the key management
   (termasuk dewan komisaris dan direksi) Grup                   (including board of commissioners and directors) of
   adalah sebagai berikut:                                       the Group are as follows:

                                                 2024          2023

        Imbalan kerja jangka pendek             22.122.113      12.260.588                      Short-term employee benefits


   Sifat dari transaksi yang signifikan dengan pihak             The nature of significant transactions with related
   berelasi adalah sebagai berikut:                              parties are as follows:

   a. Grup melakukan transaksi-transaksi di luar                 a.    The Group has non-trade transactions with
      usaha dengan pihak-pihak berelasi, seperti                       related parties, such as non-interest bearing
      pinjaman tanpa bunga jangka pendek antar                         short term intercompany loans related to
      perusahaan yang berhubungan dengan kegiatan                      operational activities, reimbursements of
      operasional, penggantian biaya serta beban                       expenses and other charges. Intercompany
      lainnya. Saldo yang timbul dari transaksi ini pada               balances arising from these transactions as of
      tanggal 31 Desember 2024 dan 2023 disajikan                      December 31, 2024 and 2023, are presented as
      sebagai “Piutang Lain-lain - Pihak Berelasi” dan                 “Other Receivables - Related Parties” and
      “Utang Lain-lain - Pihak Berelasi” pada laporan                  “Other Payables - Related Parties”, in the
      posisi keuangan konsolidasian. Piutang lain-lain                 consolidated statement of financial position.
      - pihak berelasi dan utang lain-lain - pihak                     Trade receivables - related parties and other
      berelasi tidak dikenakan bunga.                                  payables - related parties are non-interest
                                                                       bearing.




                                                        74
Page 355
                                                                The original consolidated financial statements include herein are in the
                                                                                                                  Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                          PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                            NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                               FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                          As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                              and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                  (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                          Unless Otherwise Stated)


19. TRANSAKSI DAN SALDO DENGAN PIHAK-                          19. TRANSACTIONS AND ACCOUNT BALANCES
    PIHAK BERELASI (lanjutan)                                      WITH RELATED PARTIES (continued)

   Sifat dari transaksi yang signifikan dengan pihak                The nature of significant transactions with related
   berelasi adalah sebagai berikut: (lanjutan)                      parties are as follows: (continued)

   b. Pada tanggal 15 Maret 2021, Perusahaan                        b. On March 15, 2021, the Company provided loan
      memberikan pinjaman kepada PT Sawit                              to PT Sawit Gemilang Abadi amounting to
      Gemilang Abadi sebesar Rp270.000.000 yang                        Rp270,000,000 which can be exchanged into
      dapat ditukarkan menjadi saham biasa PT Sawit                    ordinary shares of PT Sawit Sukses Sejahtera
      Sukses Sejahtera dan PT Prima Cipta Selaras.                     and PT Prima Cipta Selaras. This loan is non-
      Pinjaman ini tidak dikenakan bunga dan akan                      interest bearing and will be due on December 31,
      jatuh tempo pada tanggal 31 Desember 2027                        2027 or earlier based on agreement of the
      atau lebih cepat berdasarkan kesepakatan para                    parties. Loan balance from these transactions
      pihak. Saldo pinjaman dari transaksi tersebut                    were presented as “Other receivables - related
      disajikan sebagai bagian dari akun “Piutang lain-                parties” account in the consolidated statement of
      lain pihak berelasi” pada laporan posisi                         financial position.
      keuangan konsolidasian.

20. LABA PER SAHAM                                             20. EARNINGS PER SHARE
   Rincian perhitungan laba per saham adalah sebagai                Details of earnings per share computation are as
   berikut:                                                         follows:

                                                2024              2023

   Laba periode berjalan yang
     diatribusikan kepada pemilik                                                                  Profit for the period attributable
     entitas induk                            825.587.405        451.789.538                 to owners of the parent company

   Jumlah rata-rata tertimbang
     saham                                 12.946.530.200      12.946.530.200                 Weighted-average number of shares

   Laba per saham dasar yang                                                                             Basic earnings per share
     dapat diatribusikan kepada                                                                                attributable to
     pemilik entitas induk                                                                           the owners of the parent
     (angka penuh)                                     63,77             34,90                                   (full amount)


   Perusahaan tidak mempunyai efek berpotensi                       The Company has no outstanding dilutive potential
   saham biasa yang bersifat dilutif pada tanggal                   ordinary shares as of December 31, 2024 and 2023.
   31 Desember 2024 dan 2023.




                                                        75
Page 356
                                                         The original consolidated financial statements include herein are in the
                                                                                                           Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                   PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                   As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                       and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                           (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


21. KOMITMEN                                             21. COMMITMENTS

   Komitmen Belanja Modal                                    Capital Expenditure Commitments

   TLN, entitas anak, memiliki kontrak pembelian             TLN, a subsidiary, has several purchase contracts
   barang modal dengan pihak ketiga untuk                    of capital goods with third parties in relation to the
   pembangunan Dermaga Labaika dan tanki                     construction of Labaika Deckside and storage tank.
   penyimpanan.            Pada              tanggal         As of December 31, 2024, total unpaid/outstanding
   31 Desember 2024, jumlah nilai kontrak yang belum         contracts, which are in the process of completion,
   dibayar dan masih dalam proses penyelesaian               amounted to Rp2,098,815 (2023: Rp1,142,824).
   adalah sebesar Rp2.098.815 (2023: Rp1.142.824).

   TPS, entitas anak, memiliki kontrak pembelian             TPS, a subsidiary, has several contracts covering
   barang modal dengan pihak ketiga untuk                    purchase of capital goods with third parties in
   pembangunan kernel crushing plant. Pada tanggal           relation to the construction of kernel crushing plant.
   31 Desember 2024, jumlah nilai kontrak yang belum         As of December 31, 2024, total unpaid/outstanding
   dibayar dan masih dalam proses penyelesaian               contracts, which are in the process of completion,
   adalah sebesar Rp1.964.016 (2023: Rp5.531.334).           amounted to Rp1,964,016 (2023: Rp5,531,334).

   TBP, entitas anak, memiliki kontrak pembelian             TBP, a subsidiary, has contract covering purchase
   barang modal dengan pihak ketiga untuk                    of capital goods with third parties in relation to
   pembangunan perumahan pegawai. Pada tanggal               the construction of employee housing. As of
   31 Desember 2024, jumlah nilai kontrak yang belum         December 31, 2024, total unpaid/outstanding
   dibayar dan masih dalam proses penyelesaian               contracts, which are in the process of completion,
   adalah sebesar Rp56.500 (2023: Rp952.521).                amounted to Rp56,500 (2023: Rp952,521).

   DL, entitas anak, memiliki kontrak pembelian barang       DL, a subsidiary, has contract covering purchase of
   modal dengan pihak ketiga untuk pembangunan               capital goods with third parties in relation to
   pembangkit listrik tenaga biogas dan perumahan            the construction of biogas power plant and
   pegawai. Pada tanggal 31 Desember 2024, jumlah            employee housing. As of December 31, 2024, total
   nilai kontrak yang belum dibayar dan masih dalam          unpaid/outstanding contracts, which are in the
   proses penyelesaian adalah sebesar Rp2.224.615            process of completion, amounted to Rp2,214,615
   (2023: Rp14.503.424).                                     (2023: Rp14,503,424).

   Komitmen Penggunaan Lahan Bersama                         Utilization of Joint Area Commitments

   Pada tanggal 31 Januari 2017, TLN mengadakan              On January 31, 2017, TLN entered into an
   perjanjian dengan GAM, pihak ketiga, mengenai             agreement with GAM, a third party, pertaining to the
   penggunaan sebagian lahan HGU milik TLN yang              utilization of a portion of TLN’s parcels of land under
   berlokasi di Karangan, Kalimantan Timur, untuk            HGU land rights located in the Karangan, East
   kegiatan pertambangan selama 24 tahun hingga              Kalimantan, for mining activities over 24 years until
   tahun 2041. GAM memberi imbalan sebesar                   2041. GAM paid consideration amounting to
   Rp18.060.000 yang diamortisasi selama 24 tahun.           Rp18,060,000 which will be amortized for 24 years.
   TLN juga menerima kompensasi atas penggantian             TLN also received compensation for development
   biaya pengembangan tanaman perkebunan yang                cost of plantation in those areas amounting to
   telah ditanam di atas lahan tersebut sebesar              Rp41,107,500 which was recorded in 2017
   Rp41.107.500 yang dicatat pada laporan laba rugi          consolidated statement of profit or loss and other
   dan pendapatan komprehensif lain konsolidasian            comprehensive income. The said agreement also
   tahun 2017. Perjanjian tersebut juga mensyaratkan         require GAM to restore and rehabilitate those areas
   GAM untuk mengembalikan dan merehabilitasi area           at the end of the agreement date.
   tersebut pada akhir masa perjanjian.




                                                    76
Page 357
                                                          The original consolidated financial statements include herein are in the
                                                                                                            Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                    PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                    As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                        and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                            (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


21. KOMITMEN (lanjutan)                                   21. COMMITMENTS (continued)
   Komitmen      Penggunaan        Lahan     Bersama          Utilization of            Joint      Area       Commitments
   (lanjutan)                                                 (continued)
   Pada tanggal 28 Desember 2020, TLN mengadakan              On December 28, 2020, TLN entered into an
   perjanjian dengan GAM, mengenai penggunaan                 agreement with GAM pertaining to the utilization of
   lahan lainnya untuk kegiatan pertambangan selama           other area for mining activities over 21 years until
   21 tahun hingga tahun 2041. Sebagai kompensasi,            2041. As compensation, GAM paid consideration
   GAM memberi imbalan sebesar Rp17.685.000                   amounting to Rp17,685,000 which will be amortized
   yang diamortisasi selama 21 tahun. TLN juga                for 21 years. TLN also received compensation for
   menerima kompensasi atas penggantian biaya                 development cost of plantation in those areas
   pengembangan tanaman perkebunan yang telah                 amounting to Rp49,815,000 which was recorded in
   ditanam di atas lahan tersebut sebesar                     2020 consolidated statement of profit or loss and
   Rp49.815.000 yang dicatat pada laporan laba rugi           other comprehensive income. The said agreement
   dan pendapatan komprehensif lain konsolidasian             also require GAM to reclaim and rehabilitate those
   tahun 2020. Perjanjian tersebut juga mensyaratkan          areas at the end of the agreement date.
   GAM untuk mengembalikan dan merehabilitasi area
   tersebut pada akhir masa perjanjian.

   Pada tahun 2023, TLN mengadakan perjanjian                 In 2023, TLN entered into an agreement with GAM
   dengan GAM, mengenai penggunaan lahan lainnya              pertaining to the utilization of other area for mining
   untuk kegiatan pertambangan selama 18 tahun                activities over 18 years until 2041. As
   hingga tahun 2041. Sebagai kompensasi, GAM                 compensation, GAM paid consideration amounting
   memberi      imbalan   sebesar     Rp27.852.435            to Rp27,852,435 which will be amortized for 18
   yang diamortisasi selama 18 tahun. TLN juga                years. TLN also received compensation for
   menerima kompensasi atas penggantian biaya                 development cost of plantation in those areas
   pengembangan tanaman perkebunan yang telah                 amounting to Rp44,052,850 which was recorded in
   ditanam di atas lahan tersebut sebesar                     2023 consolidated statement of profit or loss and
   Rp44.052.850 yang dicatat pada laporan laba rugi           other comprehensive income (Note 17). The said
   dan pendapatan komprehensif lain konsolidasian             agreement also require GAM to reclaim and
   tahun 2023 (Catatan 17). Perjanjian tersebut juga          rehabilitate those areas at the end of the agreement
   mensyaratkan GAM untuk mengembalikan dan                   date.
   merehabilitasi area tersebut pada akhir masa
   perjanjian.
   Imbalan kontrak dan pendapatan yang timbul dari            Considerations and income from these transactions
   transaksi tersebut masing-masing disajikan sebagai         were presented as part of “Other non-current
   bagian dari akun “Liabilitas jangka panjang lainnya”       liabilities” account in the consolidated statement of
   pada laporan posisi keuangan konsolidasian dan             financial position and “Other Operating Income”
   akun “Pendapatan Operasi Lainnya” pada laporan             account in the consolidated statement of profit or
   laba rugi dan penghasilan komprehensif lain                loss and other comprehensive income, respectively.
   konsolidasian.

   Komitmen Fasilitas Kredit Investasi Plasma                 Plasma Investment Credit Facility Commitments

   Pada bulan Oktober 2021, Bank Mandiri telah                In October 2021, Bank Mandiri provided investment
   memberikan fasilitas kredit investasi untuk                credit facility to refinance oil palm plasma plantation
   pembiayaan kembali kebun plasma kelapa sawit               of several plasma cooperatives covering an area of
   milik beberapa koperasi plasma seluas 8.500                8,500 hectares, with a maximum credit limit of
   hektar, dengan batas maksimum pinjaman sebesar             Rp420,757,000. The loan is being repaid through
   Rp420.757.000. Pinjaman ini dilunasi dengan                quarterly installments with credit terms ending in
   angsuran kuartalan dengan jangka waktu kredit              2026 until 2031. Based on the investment credit
   yang berakhir pada tahun 2026 sampai dengan                facility agreement, the Group acts as a credit avalis
   tahun 2031. Berdasarkan perjanjian fasilitas kredit        for the plasma cooperatives (Note 7). As of
   investasi, Grup bertindak sebagai avalis koperasi-         December 31, 2024, the loan from Bank Mandiri of
   koperasi plasma tersebut (Catatan 7). Pada tanggal         these cooperatives amounted to Rp331,261,108
   31 Desember 2024, saldo pinjaman koperasi-                 (2023: Rp370,595,000) (unaudited).
   koperasi tersebut kepada Bank Mandiri adalah
   sebesar Rp331.261.108 (2023: Rp370.595.000)
   (tidak diaudit).

                                                     77
Page 358
                                                            The original consolidated financial statements include herein are in the
                                                                                                              Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                      PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                            AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                        NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                           FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                      As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                          and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                              (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                      Unless Otherwise Stated)


22. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                   22. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN                                                    AND POLICIES

   Risiko utama dari instrumen keuangan Grup adalah             The main risks arising from the Group’s financial
   risiko suku bunga atas nilai wajar dan arus kas,             instruments are interest rate risk on fair value and
   risiko harga komoditas, risiko kredit, dan risiko            cash flow, commodity price risk, credit risk and
   likuiditas. Direksi menelaah dan menyetujui                  liquidity risk. The Directors review and agree
   kebijakan untuk mengelola masing-masing risiko               policies for managing each of these risks, which is
   tersebut yang dijelaskan dengan lebih rinci sebagai          described in more details as follows:
   berikut:

   Risiko suku bunga atas nilai wajar dan arus kas              Interest rate risk on fair value and cash flow

   Risiko tingkat bunga adalah risiko bahwa nilai wajar         Interest rate risk is the risk that the fair value or
   atau arus kas masa depan suatu instrumen                     future cash flows of a financial instrument will
   keuangan akan berfluktuasi karena perubahan                  fluctuate because of changes in market interest
   tingkat suku bunga pasar.                                    rates.

   Risiko suku bunga Grup terutama timbul dari                  The Group’s interest rate risk mainly arises from
   pinjaman untuk modal kerja dan investasi. Pinjaman           loans for working capital and investment purposes.
   pada berbagai suku bunga menimbulkan risiko suku             Loans at variable rates expose the Group to fair
   bunga atas nilai wajar kepada Grup. Grup tidak               value interest rate risk. The Group has no loan that
   memiliki pinjaman yang dikenakan suku bunga                  bears fixed interest rate.
   tetap.

   Saat ini, Grup tidak mempunyai kebijakan formal              Currently, the Group does not have a formal
   lindung nilai atas risiko suku bunga.                        hedging policy for interest rate exposures.

   Untuk tahun yang berakhir pada tanggal-tanggal               For the years ended December 31, 2024 and 2023,
   31 Desember 2024 dan 2023, berdasarkan simulasi              based on a sensible simulation, had the floating
   yang rasional, jika tingkat suku bunga mengambang            interest rates of long-term loans been 100 basis
   pinjaman jangka panjang lebih tinggi/lebih rendah            points higher/lower, with all other variables held
   100 basis poin, dengan seluruh variabel-variabel             constant, profit before income tax would have been
   lain tidak berubah, maka efek pada laba sebelum              affected as follows:
   pajak penghasilan akan menjadi sebagai berikut:
                                                2024          2023

   Lebih rendah/tinggi                         10.208.142      14.927.081                                          Lower/higher


   Risiko harga komoditas                                       Commodity price risk

   Grup terkena dampak risiko harga komoditas akibat            The Group is exposed to commodity price risk due
   beberapa faktor, antara lain cuaca, kebijakan                to certain factors, such as weather, government
   pemerintah, tingkat permintaan dan penawaran                 policies, level of demand and supply in the market
   pasar dan lingkungan ekonomi global. Dampak                  and the global economic environment. Such
   tersebut terutama timbul dari penjualan tanda buah           exposure mainly arises from its sales of fresh fruit
   segar, minyak dan inti kelapa sawit, dimana marjin           bunch, palm oil and palm kernel where the profit
   laba atas penjualan tersebut terpengaruh fluktuasi           margin on those sale may be affected by market
   harga pasar.                                                 prices fluctuations.

   Pada saat ini, Grup tidak mempunyai kebijakan                Currently, the Group does not have a formal
   formal lindung nilai atas risiko harga komoditas.            hedging policy for commodity price exposures.




                                                       78
Page 359
                                                          The original consolidated financial statements include herein are in the
                                                                                                            Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                    PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                    As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                        and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                            (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


22. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                 22. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                       AND POLICIES (continued)

   Risiko kredit                                              Credit risk

   Risiko kredit yang dihadapi oleh Grup berasal dari         The Group has credit risk arising from the credits
   kredit yang diberikan kepada pelanggan dan petani          granted to the customers and plasma farmers and
   plasma serta penempatan rekening koran dan                 placement of current accounts and deposits in the
   deposito pada bank dan lembaga keuangan.                   banks and financial institutions.

   Selain dari pengungkapan di bawah ini, Grup tidak          Other than as disclosed below, the Group has no
   memiliki konsentrasi risiko kredit.                        concentration of credit risk.

   Kas dan Setara Kas                                         Cash and Cash Equivalents

   Risiko kredit dari penempatan pada bank atau               Credit risk from balances with banks or financial
   lembaga keuangan dikelola oleh manajemen Grup              institutions is managed by the Group’s management
   sesuai dengan kebijakan Grup. Investasi kelebihan          in accordance with the Group’s policy. Investments
   dana dilakukan hanya dengan pihak yang disetujui           of surplus funds are made only with approved
   dan dalam batas kredit yang ditetapkan untuk               counterparties and within credit limits assigned to
   masing-masing pihak. Batas kredit masing-masing            each counterparty. Counterparty credit limits are
   pihak ditinjau oleh Direksi dan dapat diperbarui           reviewed by the Board of Directors and may be
   sepanjang tahun. Batasan tersebut ditetapkan untuk         updated throughout the year. The limits are set to
   meminimalkan konsentrasi risiko dan oleh karena itu        minimize the concentration of risks and therefore
   mengurangi kerugian finansial melalui potensi              mitigate financial loss through the bank’s potential
   kegagalan bank untuk melakukan pembayaran.                 failure to make payments.

   Piutang Usaha                                              Trade Receivables

   Terdapat kebijakan untuk memastikan penjualan              The Group has policies in place to ensure that whole
   produk hanya dilakukan kepada pelanggan yang               sales of products are made only to creditworthy
   dapat dipercaya dengan rekam jejak atau sejarah            customers with proven track records or good credit
   kredit yang baik. Merupakan kebijakan Grup bahwa           history. It is the Group’s policy that all customers
   semua pelanggan yang akan melakukan pembelian              who wish to trade on credit terms are subject to
   secara kredit harus melalui prosedur verifikasi            credit verification procedures. For sales, the Group
   kredit. Untuk penjualan, Grup memberikan jangka            may grant its customers credit terms from 5 (five) to
   waktu kredit antara 5 (lima) sampai dengan 15 (lima        15 (fifteen) days from the issuance of invoice.
   belas) hari dari tanggal penerbitan faktur. Grup           The Group has policies that limit the amount of
   memiliki kebijakan yang membatasi total kredit             credit to every customer. In addition, trade
   untuk tiap-tiap pelanggan. Selain itu, saldo piutang       receivables balances are monitored on an ongoing
   usaha dipantau secara terus menerus untuk                  basis to reduce the risk of bad debts.
   mengurangi risiko piutang tak tertagih.

   Ketika pelanggan gagal melakukan pelunasan                 When a customer fails to make a payment within the
   sesuai dengan syarat pembayaran, Grup akan                 granted credit term, the Group will contact the
   menghubungi pelanggan untuk menindaklanjuti                customer to act on overdue receivable. If the
   piutang yang telah lewat jatuh tempo. Jika                 customer does not settle the overdue receivable
   pelanggan tidak melunasi piutang yang telah jatuh          within a reasonable time, the Group will proceed
   tempo dalam jangka waktu yang telah ditentukan,            with a legal action. Depending on the Group’s
   Grup akan menempuh jalur hukum. Sesuai dengan              assessment, specific provisions may be made if the
   evaluasi oleh Grup, penyisihan spesifik dapat dibuat       debt is deemed uncollectible. To mitigate its credit
   jika utang dianggap tidak tertagih. Untuk menekan          risk, the Group will cease the supply of all products
   risiko kredit, Grup akan menghentikan penyaluran           to customers in the event of late payments or
   semua produk kepada pelanggan yang terlambat               defaults.
   atau gagal bayar.




                                                     79
Page 360
                                                          The original consolidated financial statements include herein are in the
                                                                                                            Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                    PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                          AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                      NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                         FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                    As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                        and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                            (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                    Unless Otherwise Stated)


22. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                 22. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                       AND POLICIES (continued)

   Risiko kredit (lanjutan)                                   Credit risk (continued)

   Piutang Plasma                                             Plasma Receivables

   Seperti diungkapkan pada Catatan 2 dan 7, piutang          As disclosed in Notes 2 and 7, plasma receivables
   plasma merupakan biaya-biaya yang dikeluarkan              represent costs incurred for plasma plantation
   untuk pengembangan perkebunan plasma yang                  development which include costs for plasma
   meliputi pengeluaran yang dibiayai oleh bank dan           plantations funded by the banks and temporarily self
   yang dibiayai sendiri oleh Grup sementara                  funded by the Group while awaiting banks’ funding.
   menunggu pendanaan dari bank.

   Piutang plasma juga termasuk pinjaman talangan             Plasma receivables also include advances to
   kredit beserta bunga pada bank, pinjaman pupuk             plasma farmers for topping up loan installments and
   serta sarana produksi pertanian lainnya kepada             the related interests to the banks, advances for
   petani plasma. Biaya-biaya ini akan ditagihkan             fertilizers and other agriculture supplies. These
   kembali ke petani plasma, dan jaminan terkait              expenses shall be reimbursed by the plasma
   berupa bukti kepemilikan tanah perkebunan plasma           farmers, and the related collateral in the form of titles
   akan dikembalikan kepada petani plasma setelah             of ownership of the plasma plantations will be
   piutang plasma dilunasi sepenuhnya.                        handed over to the plasma farmers once the plasma
                                                              receivables have been fully repaid.

   Grup melalui pola kemitraan juga memberikan                The Group, through partnership scheme, also
   bantuan teknis kepada petani plasma untuk                  provides technical assistance to the plasma farmers
   mempertahankan produktivitas perkebunan plasma             to maintain the productivity of plasma plantations as
   yang merupakan bagian dari strategi Grup untuk             part of the Group’s strategy to strengthen
   mempererat hubungan dengan petani plasma yang              relationship with plasma farmers which is expected
   diharapkan akan dapat memperlancar pelunasan               to improve the repayments of plasma receivables.
   piutang plasma.

   Pada tanggal pelaporan, eksposur maksimum Grup             At the reporting date, the Group’s maximum
   terhadap risiko kredit adalah sebesar nilai tercatat       exposure to credit risk is represented by the carrying
   masing-masing kategori dari aset keuangan yang             amount of each class of financial assets presented
   disajikan   pada     laporan    posisi   keuangan          in the consolidated statements of financial position.
   konsolidasian.

   Risiko likuiditas                                          Liquidity risk

   Grup mengelola profil likuiditasnya untuk membiayai        The Group manages its liquidity profile to be able to
   belanja modal dan melunasi utang yang jatuh tempo          finance its capital expenditures and service its
   dengan menyediakan kas dan setara kas yang                 maturing debts by maintaining sufficient cash and
   cukup, dan ketersediaan pendanaan melalui                  cash equivalents, and the availability of funding
   kecukupan jumlah fasilitas kredit yang diterima.           through an adequate amount of committed credit
                                                              facilities.

   Grup secara teratur mengevaluasi arus kas proyeksi         The Group regularly evaluates its projected and
   dan aktual dan terus-menerus memantau kondisi              actual cash flow information and continuously
   pasar    keuangan     untuk   mengidentifikasikan          assesses conditions in the financial markets for
   kesempatan melakukan penggalangan dana yang                opportunities to pursue fund-raising initiative, mainly
   terutama mencakup utang bank.                              including bank loans.




                                                     80
Page 361
                                                                         The original consolidated financial statements include herein are in the
                                                                                                                           Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                                   PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                                   As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                       and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                           (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                                   Unless Otherwise Stated)


22. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                              22. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                    AND POLICIES (continued)

   Risiko likuiditas (lanjutan)                                              Liquidity risk (continued)

   Tabel di bawah ini merangkum profil jatuh tempo                           The table below summarizes the maturity profile of
   liabilitas keuangan Grup, berdasarkan arus kas                            the Group’s financial liabilities, based on contractual
   kontraktual yang tidak terdiskonto (dalam jutaan                          undiscounted payments (in million rupiah):
   rupiah):

                                                  Sewaktu-
                                                 waktu dan
                                                Dalam Waktu
                                                  1 Tahun/            Dalam Waktu 1             Lebih dari 5
                                                On Demand             sampai dengan             Tahun/More
                                                 and Within           5 Tahun/Within                than
                           Total/Total             1 Year               1 to 5 Years              5 Years

   Pada tanggal
      31 Desember                                                                                                         As at December 31,
      2024                                                                                                                           2024
   Utang bank jangka
      pendek                       20.000            20.000                          -                         -         Short-term bank loans
   Utang usaha                    553.884           553.884                          -                         -                Trade payables
   Utang lain-lain                 29.866            29.866                          -                         -                Other payables
   Beban akrual                    16.591            16.591                          -                         -            Accrued expenses
   Utang bank jangka
      panjang                     563.701           371.838                  191.863                         -           Long-term bank loans
   Liabilitas sewa                501.383           199.795                  293.670                     7.918                 Lease liabilities


   Pada tanggal
      31 Desember                                                                                                         As at December 31,
      2023                                                                                                                             2023
   Utang usaha                    546.064           546.064                          -                         -               Trade payables
   Utang lain-lain                 50.441            50.441                          -                         -               Other payables
   Beban akrual                    11.437            11.437                          -                         -            Accrued expenses
   Utang bank jangka
      panjang                   1.052.798           504.377                  548.421                         -           Long-term bank loans
   Liabilitas sewa                530.794           170.866                  344.559                    15.369                 Lease liabilities



   Perubahan pada liabilitas yang timbul dari                                Changes in liabilities arising from financing
   aktivitas pendanaan                                                       activities

                           1 Januari 2024/         Arus Kas/                Lain-lain/           31 Desember 2024/
                           January 1, 2024         Cash Flow                 Others              December 31, 2024
   Liabilitas sewa                530.793.869         (239.550.638)            210.139.835               501.383.066                     Lease liabilities
   Utang bank                     961.914.234         (423.624.000)              1.140.902               539.431.136                        Bank loans

   Total liabilitas dari                                                                                                                 Total liabilities
    aktivitas pendanaan         1.492.708.103         (663.174.638)           211.280.737                1.040.814.202        from financing activities




                           1 Januari 2023/         Arus Kas/                Lain-lain/           31 Desember 2023/
                           January 1, 2023         Cash Flow                 Others              December 31, 2023
   Liabilitas sewa                315.475.286         (178.991.377)            394.309.960               530.793.869                     Lease liabilities
   Utang bank                   1.514.298.131         (554.050.000)              1.666.103               961.914.234                        Bank loans

   Total liabilitas dari                                                                                                                 Total liabilities
    aktivitas pendanaan         1.829.773.417         (733.041.377)           395.976.063                1.492.708.103        from financing activities




                                                          81
Page 362
                                                                       The original consolidated financial statements include herein are in the
                                                                                                                         Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                                 PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                                       AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                                   NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                                      FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                                 As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                                     and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                                         (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                                 Unless Otherwise Stated)


22. TUJUAN DAN KEBIJAKAN MANAJEMEN RISIKO                              22. FINANCIAL RISK MANAGEMENT OBJECTIVES
    KEUANGAN (lanjutan)                                                    AND POLICIES (continued)

   Perubahan pada liabilitas yang timbul dari                              Changes in liabilities arising from financing
   aktivitas pendanaan (lanjutan)                                          activities (continued)

   Kolom ‘Lainnya’ mencakup penambahan biaya                               The ‘Others’ column includes the addition of
   tangguhan utang bank, amortisasi biaya tangguhan                        deferred charges of bank loan, amortization of
   atas utang bank, penambahan atas liabilitas sewa                        deferred charges on bank loan, additions of lease
   dan penghentian sewa. Grup mengklasifikasikan                           liabilities and termination of lease. The Group
   bunga yang dibayarkan sebagai arus kas dari                             classifies interest paid as cash flows from operating
   aktivitas operasi.                                                      activities.


23. PENGUKURAN NILAI WAJAR                                             23. FAIR VALUE MEASUREMENT

   Instrumen Keuangan                                                      Financial Instruments

   Nilai tercatat instrumen keuangan yang disajikan di                     The carrying values of financial instruments
   dalam laporan posisi keuangan konsolidasian kurang                      presented in the consolidated statement of financial
   lebih sebesar nilai wajarnya.                                           position approximate their fair values.

   Manajemen menetapkan bahwa nilai tercatat                               Management has determined that the carrying
   (berdasarkan jumlah nosional) kas dan setara kas,                       amounts (based on notional amounts) of cash and
   piutang usaha dan lain-lain, utang usaha dan lain-                      cash equivalents, trade and other receivables, trade
   lain, beban akrual dan liabilitas imbalan kerja jangka                  and other payables, accrued expenses and short-
   pendek kurang lebih sebesar nilai wajarnya karena                       term employee benefits liability, reasonably
   instrumen keuangan tersebut berjangka pendek.                           approximate their fair values because they are
                                                                           short-term in nature.

   Nilai tercatat dari utang bank jangka panjang dan                       The carrying amounts of long-term bank loans and
   piutang plasma dengan suku bunga mengambang                             plasma receivables with floating interest rates are
   kurang lebih sebesar nilai wajarnya karena dinilai                      approximately at their fair values as they are re-
   ulang secara berkala.                                                   priced frequently.

   Aset non-keuangan                                                       Non-financial Assets

   Tabel berikut menunjukkan hirarki pengukuran nilai                      The following table provides the recurring fair value
   wajar berulang dari aset Grup:                                          measurement hierarchy of the Group’s assets:

                                                                             Input yang             Input yang tidak
                                               Harga kuotasian                   dapat                     dapat
                                               dalam pasar aktif          diobservasi lain             diobservasi
                                               untuk aset yang            yang signifikan            yang signifikan
                                                    identik                   (Level 2)/                (Level 3)/
                                                   (Level 1)/                Significant               Significant
                                               Quoted prices in             observable                unobservable
                                                active markets                  inputs                    inputs
                            Total/Total            (Level 1)                  (Level 2)                  (Level 3)

   31 Desember 2024                                                                                                             December 31, 2024
   Aset biologis - produk                                                                                                        Biological assets -
    agrikultur                   246.862.988                       -             246.862.988                           -        agricultural produce

   31 Desember 2023                                                                                                             31 Desember 2023
   Aset biologis - produk                                                                                                      Aset biologis - produk
    agrikultur                   191.390.113                       -             191.390.113                           -                    agrikultur



   Tidak ada transfer antara Level 1 dan Level 2, dan                      There were no transfers between Level 1 and Level
   masuk atau keluar dari Level 3 selama tahun yang                        2, and into or out from Level 3 for the years ended
   berakhir pada tanggal 31 Desember 2024 dan 2023.                        December 31, 2024 and 2023.




                                                          82
Page 363
                                                         The original consolidated financial statements include herein are in the
                                                                                                           Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                   PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                   As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                       and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                           (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


24. INFORMASI SEGMEN                                     24. SEGMENT INFORMATION

   Untuk kepentingan manajemen, Grup hanya terdiri           For the purpose of management, the Group is
   atas satu segmen operasi, yaitu perkebunan kelapa         organized as one operating segment, i.e. oil palm
   sawit.                                                    plantation.

   Seluruh aset produktif Grup berada di Indonesia.          All of the Group’s productive assets are located in
   Seluruh pendapatan Grup berasal dari pelanggan di         Indonesia. All of the Group’s revenues are
   Indonesia.                                                generated from customers in Indonesia.


25. STANDAR    AKUNTANSI YANG TELAH                      25. ACCOUNTING STANDARDS ISSUED BUT NOT
    DITERBITKAN NAMUN BELUM BERLAKU                          YET EFFECTIVE
    EFEKTIF

   Standar akuntansi yang telah diterbitkan sampai            The accounting standards that have been issued up
   tanggal penerbitan laporan keuangan konsolidasian          to the date of issuance of the Group’s consolidated
   Grup namun belum berlaku efektif diungkapkan               financial statements, but not yet effective are
   berikut    ini.  Manajemen      bermaksud   untuk          disclosed below. The management intends to adopt
   menerapkan      standar-standar    tersebut  yang          these standards that are considered relevant to the
   dipertimbangkan relevan terhadap Grup pada saat            Group when they become effective, and the impact
   efektif, dan dampaknya terhadap posisi dan kinerja         to the consolidated financial position and
   keuangan konsolidasian Grup masih diestimasi               performance of the Group is still being estimated as
   sampai dengan tanggal penyelesaian laporan                 of the date of completion of these consolidated
   keuangan konsolidasian ini:                                financial statements:

   Mulai efektif pada atau setelah 1 Januari 2025             Effective beginning on or after January 1, 2025

   Amandemen PSAK 221: Kekurangan Ketertukaran                Amendment of PSAK 221: Lack of Exchangeability

   Amandemen tersebut mengharuskan pengungkapan               The amendments require disclosure of information
   informasi yang memungkinkan pengguna laporan               that enables users of financial statements to
   keuangan memahami dampak mata uang yang tidak              understand the impact of a currency not being
   dapat dipertukarkan dengan mata uang lain yang             exchangeable into the other currency affects, or is
   memengaruhi, atau diperkirakan akan memengaruhi,           expected to affect, the entity’s financial
   kinerja keuangan, posisi keuangan, dan arus kas            performance, financial position and cash flows. The
   entitas. Amandemen berlaku untuk periode                   amendments apply for annual reporting periods
   pelaporan tahunan yang dimulai pada atau setelah           beginning on or after 1 January 2025. Earlier
   1 Januari 2025. Penerapan dini diperkenankan               application is permitted which an entity is required
   dimana entitas diharuskan mengungkapkan fakta              to disclose that fact.
   tersebut.

   Grup saat ini sedang menilai dampak dari                   The Group is currently assessing the impact of the
   amandemen tersebut terhadap pelaporan keuangan             amendment on the Group’s financial reporting.
   Grup.




                                                    83
Page 364
                                                         The original consolidated financial statements include herein are in the
                                                                                                           Indonesian language.


        PT TELADAN PRIMA AGRO TBK                                   PT TELADAN PRIMA AGRO TBK
            DAN ENTITAS ANAKNYA                                         AND ITS SUBSIDIARIES
           CATATAN ATAS LAPORAN                                     NOTES TO THE CONSOLIDATED
         KEUANGAN KONSOLIDASIAN                                        FINANCIAL STATEMENTS
         Tanggal 31 Desember 2024 dan                                   As of December 31, 2024
untuk Tahun yang Berakhir pada Tanggal Tersebut                       and for the Year then Ended
        (Disajikan dalam Ribuah Rupiah,                           (Expressed in Thousands of Rupiah,
            Kecuali Dinyatakan Lain)                                   Unless Otherwise Stated)


25. STANDAR       AKUNTANSI YANG TELAH                   25. ACCOUNTING STANDARDS ISSUED BUT NOT
    DITERBITKAN NAMUN BELUM BERLAKU                          YET EFFECTIVE (continued)
    EFEKTIF (lanjutan)

   Mulai efektif pada atau setelah 1 Januari 2025             Effective beginning on or after January 1, 2025
   (lanjutan)                                                 (continued)

   PSAK 117: Kontrak Asuransi                                 PSAK 117: Insurance Contracts

   Standar akuntansi baru yang komprehensif untuk             A comprehensive new accounting standard for
   kontrak asuransi yang mencakup pengakuan dan               insurance contracts covering recognition and
   pengukuran, penyajian dan pengungkapan, pada               measurement, presentation and dislosure, upon its
   saat berlaku efektif PSAK 117 akan menggantikan            effective date, PSAK 117 will replace PSAK 104:
   PSAK 104: Kontrak Asuransi. PSAK 117 berlaku               Insurance Contracts. PSAK 117 applies to all types
   untuk semua jenis kontrak asuransi, jiwa, non-jiwa,        of insurance contracts, life, non-life, direct
   asuransi langsung dan reasuransi, terlepas dari            insurance and re-insurance, regardless of the
   entitas yang menerbitkannya, serta untuk jaminan           entities issuing them, as well as to certain
   dan instrumen keuangan tertentu dengan fitur               guarantees and financial instruments with
   partisipasi tidak mengikat , serta beberapa                discretionary participation features, while a few
   pengecualian ruang lingkup akan berlaku. Tujuan            scope exceptions will apply. The overall objective of
   keseluruhan dari PSAK 117 adalah untuk                     PSAK 117 is to provide an accounting model for
   menyediakan model akuntansi untuk kontrak                  insurance contracts that is more useful and
   asuransi yang lebih bermanfaat dan konsisten untuk         consistent for insurers.
   asuradur.

   PSAK 117 berlaku efektif untuk periode pelaporan           PSAK 117 is effective for reporting periods
   yang dimulai pada atau setelah tanggal 1 Januari           beginning on or after January 1, 2025, with
   2025, dengan mensyaratkan angka komparatif.                comparative figures required. Early application is
   Penerapan dini diperkenankan bila entitas juga             permitted, provided the entity also applies PSAK
   menerapkan PSAK 109 dan PSAK 115 pada atau                 109 and PSAK 115 on or before the date of initial
   sebelum tanggal penerapan awal PSAK 117. Standar           application of PSAK 117. This standard is not
   ini tidak diharapkan memiliki dampak pada pelaporan        expected to have any impact to the financial
   keuangan Grup pada saat diadopsi untuk pertama             reporting of the Group upon first-time adoption
   kali karena menerbitkan kontrak asuransi seperti           because the Group does not issue insurance
   didefiniskan dalam PSAK 117.                               contracts as defined in PSAK 117.




                                                   84
Page 365
PT Teladan Prima Agro Tbk
Beltway Office Park Tower B Lt. 7
Jl. TB Simatupang No. 41
Jakarta Selatan, DKI Jakarta 12550
Tel. (6221) 2960 0300
Fax. (6221) 2960 0333
www.teladanprima.com




2024                 Laporan Tahunan
                     Annual Report

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Published2 Apr 2025
Pages365
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Names mentioned 168 people and organisations named in the text · linked when the evidence is strong

linked org Teladan Prima Agro Tbk p.1 ×525
linked person Ahmad Gunung p.9 ×2
linked person Wishnu Wardhana p.9 ×16
linked org Jakarta Selatan DKI Jakarta p.9 ×2
linked — Wiwoho Basuki p.9 ×5
linked org Pemerintah Provinsi p.21 ×2
linked org Pemerintah Kabupaten p.25
linked person Indracahya Basuki p.30 ×19
linked person Iwa Kartiwa Hudaya · Commissioner p.58 ×23
linked person Sutarto Hadi p.58 ×2
linked person Richard Bruce Ness p.58
linked person Noor Falich p.58 ×12
linked person Imam Syaifullah p.58 ×12
linked org Indika Energy Tbk p.61 ×22
linked person Widiyanti Putri p.62 ×15
linked org PT Indofood Sukses p.63
linked org Indofood Sukses Makmur Tbk p.63 ×2
linked org Mitrabahtera Segara Sejati Tbk p.67 ×5
linked org Salim Ivomas p.68
linked org Salim Ivomas Pratama p.68 ×2
linked person Yayan Handian Ginanjar · Direktur p.70 ×10
linked person Santos Ibrahim Noor · Direktur p.72 ×13
possible org PT Teladan Resources p.9 ×15
possible org PT Tanjung p.10
possible org Bursa Efek Indonesia p.11 ×4
possible person Nurcahya Basuki p.58
possible person Rachmat Nugroho p.59
possible org Petrosea Tbk p.66 ×4
possible org Otoritas Jasa Keuangan p.74 ×12
unresolved org Financial Services Authority p.2 ×9
unresolved person Notary Nila Noordjasmani Soeyasa Besar p.8 ×2
unresolved person Notary Imas Fatimah p.8 ×2
unresolved org Menteri Kehakiman Republik Indonesia p.8
unresolved org Minister of Justice p.8
unresolved org Kementerian p.8 ×2
unresolved org Ministry of Law and Human Rights p.8 ×2
unresolved org Ministry of Law p.8 ×2
unresolved org PT Sandaran p.9 ×2
unresolved org PT Teladan p.9 ×8
unresolved person Aryanti Artisari p.9 ×2
unresolved org Kementerian Hukum dan Hak Asasi Manusia p.9
unresolved org PT Teladan Prima p.9 ×22
unresolved org Minister of Law and Human Rights p.9
unresolved org PT Teladan Agro p.9 ×33
unresolved org PT Telen Prima Sawit p.10 ×24
unresolved org PT Gemilang Sejahtera Abadi p.10 ×9
unresolved org PT Tanjung Buyu p.10 ×3
unresolved org PT Tanjung Buyu Province. p.10
unresolved org PT Tanjung Buyu Perkasa Plantation p.10 ×21
unresolved org PT Telen p.10 ×36
unresolved org PT Tanjung Bayu Perkasa Plantation p.10
unresolved org PT Inti Energi Kaltim p.10 ×9
unresolved org PT Multi Jayantara Abadi p.10 ×11
unresolved org Kementerian Hukum dan Hak p.10
unresolved org PT Multi Jayantara Abadi Paser Regency p.10
unresolved org Ministry of Law and Human Rights. Kabupaten Kutai Timur p.10
unresolved org PT Telan p.10
unresolved org PT Telen Prima p.10 ×3
unresolved org PT Gemilang Sejahtera p.10
unresolved org PT Gemilang p.10 ×3
unresolved org PT Tanjung Buyu Perkasa Sejahtera Abadi p.10
unresolved org PT Daya Lestari p.11 ×15
unresolved org Direktorat Jenderal Energi Baru p.11
unresolved org Directorate General of Renewable Energy p.11
unresolved org Indonesia Stock Exchange p.11 ×2
unresolved org PT Cahaya Anugerah Plantation p.11 ×13
unresolved org PT Cahaya Anugerah p.11 ×2
unresolved org PT Sawit Prima Nusantara p.11 ×8
unresolved org Pemerintah Provinsi Kalimantan Timur. p.21 ×2
unresolved org Kementerian Pendidikan dan Kebudayaan p.23
unresolved org Ministry of Education and Culture Klasifikasi p.23
unresolved org Pusat Statistik p.24 ×2
unresolved org Pusat Statistik Provinsi Kalimantan Timur p.24
unresolved org Pemerintah Kabupaten Berau p.25
unresolved org PT TUV Rheinland Palm p.26
unresolved org PT Sandaran Prima Sawit p.50 ×5
unresolved org PT Teladan Agro Resources p.50 ×4
unresolved org PT TPS p.56 ×3
unresolved org PT DL p.57 ×4
unresolved org PT TPS. BPP p.57
unresolved org PT TPS. The BPP p.57
unresolved org PT TPS. With p.57
unresolved person Dr. Yaya Rayadin p.58
unresolved org Prima Agro Tbk · Wakil Komisaris Utama p.61 ×20
unresolved — Work Experience Beliau · Komisaris Utama p.61 ×9
unresolved org PT Indika Mitra p.61
unresolved org PT Indika Mitra Energi p.61
unresolved org PT Teladan Properties p.61 ×4
unresolved org PT Teladan Pusaka p.61 ×2
unresolved org PT Tripatra Engineers p.61 ×4
unresolved org Yayasan Jantung Indonesia p.62
unresolved org Yayasan Teladan Utama p.62
unresolved org Yayasan Kawula Madani. p.62
unresolved org PT Nusa p.63
unresolved org PT Nusa Konsultan p.63
unresolved org PT Salim Plantation p.63
unresolved org PT Salim Senior Manager p.63
unresolved org Makmur Tbk p.63
unresolved org Agro Tbk p.66 ×5
unresolved org PT Mahaka Industri Perdana · Komisaris p.66 ×4
unresolved org PT Indika Mitra Energy p.66 ×2
unresolved org PT Indika p.66 ×2
unresolved org Energy Tbk p.66
unresolved org PT Indika Inti Corpindo p.66 ×4
unresolved org PT Indika Multi Energi p.66
unresolved org PT Indika Infrastruktur p.66
unresolved org PT Indika Infrastruktur Investindo Investindo p.66
unresolved org PT Indika Indonesia Resources p.66 ×2
unresolved org PT Indika Multi Daya Energi p.66 ×2
unresolved org PT Indika Energy Infrastructure p.66
unresolved org PT Santan Batubara p.67 ×2
unresolved org PT Kideco p.67
unresolved org PT Kideco Jaya Agung Jaya Agung p.67
unresolved org PT Tripatra Engineering p.67 ×2
unresolved org Departemen Energi KADIN p.67
unresolved org Bank Financial Institutions p.67
unresolved org PT Mitra Sejahtera Plantation p.68
unresolved org PT Mitra Sejahtera p.68
unresolved org PT Tanjung Entitas Anak p.70
unresolved org PT Cahaya p.70
unresolved org PT Multi Jayantara p.71
unresolved org PT Multi Jayantara Abadi Abadi p.71
unresolved org PT Sejahtera Sarana Abadi p.71 ×2
unresolved org PT Synergi Prima p.71
unresolved org PT Synergi Prima Medika p.71
unresolved org PT Sawit Abadi Medika p.71
unresolved org PT Sawit Abadi Nusantara p.71
unresolved org PT Sawit Sejahtera Abadi p.71 ×2
unresolved org PT Abadi p.71
unresolved org PT Abadi Gemilang Investama p.71
unresolved org PT Mitra Agro Servindo p.71 ×2
unresolved org PT Multi p.77
unresolved org PT Daya Lestari Perkasa Plantation p.77
unresolved org PT Sawit Prima p.77 ×2
unresolved org PT Cahaya Kaltim p.77
unresolved org PT Tanjung Pabrik Pengolahan Kelapa Sawit p.79
unresolved org PT Gemilang Perkebunan Kelapa Sawit p.79
unresolved org PT Multi Pabrik Pengolahan Kelapa Sawit p.79
unresolved org PT Cahaya Pabrik Pengolahan Kelapa Sawit p.79
unresolved org Purwantono, Sungkoro & Surja (member of Ernst & Young Global Ltd) · Kantor Akuntan Publik p.80
unresolved org Young Global Ltd p.80
unresolved person Period Notaris Notary Jose Dima Satria · Notaris p.80 ×14
unresolved org PT Datindo Entrycom p.80 ×2
unresolved person Piagam · Komisaris p.81 ×2
unresolved org Bank Indonesia p.84 ×2
unresolved org Kementerian Perdagangan p.85
unresolved org Ministry of Trade p.85
unresolved org PT PLN (Persero) p.91 ×2
unresolved org PT Tanjung Buyu Perkasa p.91 ×2
unresolved org PT Daya Lestari. Lestari. p.103
unresolved person Pedoman Tata Laksana Kerja · Komisaris p.138 ×4
unresolved org Sentral Efek Indonesia p.142
unresolved org PT Datindo Entrycom Share Registrar p.143
unresolved org Kantor Akuntan Publik Purwantono p.144
unresolved — Approved by 99.58% p.144 ×4
unresolved — carried out on p.144 ×2
unresolved — Disetujui oleh 100% p.146
unresolved org Menteri Hukum Republik Indonesia dan Otoritas p.146
unresolved — Approved by 100% p.147
unresolved — Approved by 99.60% p.147 ×4
unresolved — independensi · dalam p.151
unresolved person Iwa p.151
unresolved — Total Meetings · Attendance p.155
unresolved — kompetensi untuk meningkatkan efektivitas · development program to improve the effectiveness p.155
unresolved org perkembangan terkini di industri. Program ini · trends, challenges, and development in the industry. p.155
unresolved person Beretika · Commissioner p.155 ×2
unresolved org manajemen risiko korporasi secara terpadu · corporate p.157

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